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+3	to take another sharp dive	trade figures for September , due for release tomorrow , fail to show a substantial improvement from July and August 's near-record deficits
+1	Chancellor of the Exchequer Nigel Lawson 's restated commitment to a firm monetary policy has helped to prevent a freefall in sterling over the past week	analysts reckon underlying support for sterling has been eroded by the chancellor 's failure to announce any new policy measures in his Mansion House speech last Thursday
+3	there could be an awful lot of pressure	there is another bad trade number
+1	Forecasts for the trade figures range widely	few economists expect the data to show a very marked improvement from the # 2 billion ( $ 3.2 billion ) deficit in the current account reported for August
+1	there is no sign that Britain 's manufacturing industry is transforming itself to boost exports.At the same time , he remains fairly pessimistic about the outlook for imports , given continued high consumer and capital goods inflows	he believes that a reduction in raw material stockbuilding by industry could lead to a sharp drop in imports
+6	he believes that a reduction in raw material stockbuilding by industry could lead to a sharp drop in imports.Combined with at least some rebound in exports after August 's unexpected decline , the deficit could narrow to as little as # 1.3 billion	who forecasts a # 1.3 billion current account gap
+3	that the currency wo n't advance much	the trade figures are bullish for sterling
+2	that the currency wo n't advance much	investors will want to see further evidence of the turnaround before adjusting positions
+10	because investors will want to see further evidence of the turnaround	adjusting positions
+1	that the currency wo n't advance much	No one will want to go into the trade figures without a flat position '' in the pound
+11	Forecasts for the trade figures range widely , but few economists expect the data to show a very marked improvement from the # 2 billion ( $ 3.2 billion ) deficit in the current account reported for August	overall evidence on the economy remains fairly clouded
+6	Forecasts for the trade figures range widely , but few economists expect the data to show a very marked improvement from the # 2 billion ( $ 3.2 billion ) deficit in the current account reported for August	overall evidence on the economy remains fairly clouded
+11	that a further slowdown can be expected	the impact of the last rise in interest rates earlier this month takes effect
+1	U.K. base rates are at their highest level in eight years	that the U.K. economy is slowing that quickly
+1	the data show the economy `` is still quite strong	suggestions that much of the spending went on services rather than consumer goods should reduce fears of more import rises
+3	to increase interest rates again	necessary
+6	that a substantial slowdown does take place	that sterling does n't decline further
+3	that rates will be pushed higher	necessary
+6	there is little holding sterling firm at the moment other than Mr. Lawson 's promise that rates will be pushed higher if necessary	any further drop in the government 's popularity could swiftly make this promise sound hollow
+3	that the government will be forced to increase rates to 16 %	the pound falls much below 2.90 marks
+11	The dollar posted gains in quiet trading	concerns about equities abated
+2	The dollar posted gains in quiet trading	concerns about equities abated
+6	Late in the New York trading day , the dollar was quoted at 1.8578 marks , up from 1.8470 marks late Thursday in New York	The U.S. currency was changing hands at 142.43 yen , up from 141.70 yen in New York late Thursday
+6	the offer is subject to the signing of a merger agreement by no later than Oct. 31	the approval is contingent upon obtaining satisfactory financing
+6	East Rock Partners Limited Partnership said it proposed to acquire A.P . Green Industries Inc. for $ 40 a share	East Rock said in the filing that it boosted its stake in A.P . Green to 8.7 %
+6	Demand has caught up with the supply of certain types of freight transportation	rates are starting to move up '' at a rate `` close to or slightly more than the inflation rate
+2	Demand has caught up with the supply of certain types of freight transportation	rates are starting to move up '' at a rate `` close to or slightly more than the inflation rate
+1	Carriers could use their equipment more efficiently , leading to overcapacity they were eager to fill.Shippers cut about $ 35 billion from their annual , inter-city truck and rail costs , to about $ 150 billion , or about 6.4 % of gross national product , down from 8 % of GNP in 1981	with much of the inefficiency squeezed out of the freight-transport system , rising costs are likely to be reflected directly in higher freight rates
+11	to see real freight-rate increases	carriers replace equipment , pay higher fuel costs and pay more for labor
+6	Consolidated Freightways plans to raise its rates 5.3 % late this year or early next year	at least two competitors have announced similar increases
+6	Truckers are `` trying to send signals that they need to stop the bloodletting , forget about market share and go for higher rates	shippers are getting the feeling that they have played one trucker off against another as much as they can
+8	Air-freight carriers raised their rates for U.S. products going across the Pacific to Asia by about 20 % earlier this month	Japan Air Lines said it plans to boost its rates a further 25 % over the next two years
+6	Ship companies carrying bulk commodities , such as oil , grain , coal and iron ore , have been able to increase their rates in the last couple of years	ship lines carrying containers are also trying to raise their rates
+6	Ship companies carrying bulk commodities , such as oil , grain , coal and iron ore , have been able to increase their rates in the last couple of years	And ship lines carrying containers are trying to raise their rates
+10	the chairman of the panel said : `` Go ahead and tell us what happened.We may ask questions as you go along , or we may wait until the end	the three members of the court introduced themselves
+11	We may ask questions	you go along
+5	We may ask questions as you go along	we may wait until the end
+10	the court members asked many questions	he was through
+10	the court members asked many questions	the chairman said they would like to hear his manager 's side and talk to witnesses
+1	Bob Stone is a fictional name	the incident described is real
+6	The court is called the Management Appeals Committee , or just `` MAC	it is likely to hear a couple of dozen cases a year
+3	Alter some details of this example	it could be taking place today at Federal Express in Memphis , the Defense and Underseas Systems divisions of Honeywell in Minneapolis , a General Electric plant in Columbia , Md. , or a number of other companies
+10	Alter some details of this example	it could be taking place today at Federal Express in Memphis , the Defense and Underseas Systems divisions of Honeywell in Minneapolis , a General Electric plant in Columbia , Md. , or a number of other companies
+0	it is one of the fastest developing trends in industry	corporate due process is practiced today in few companies -- perhaps 40 to 60
+5	It must be able to handle most of the complaints that can not be solved in the trenches by managers and their subordinates	the company court or adjudicators will be inundated with cases
+2	See that they know company personnel policy backwards and forwards	it is the `` law '' governing company courts and adjudicators
+2	Coach them in handling complaints	they can resolve problems immediately
+2	to accept reversals as a fact of business life	in a good due-process system they are bound to happen
+10	who acts first as a fact-finder	and switches hats and arbitrates the facts
+5	It wo n't do any good for anybody	employees know about it
+1	Most managements hesitate to go all out in advertising their due-process systems for fear of encouraging cranks and chronic soreheads to file complaints	they make sure at a minimum that their systems are described in their employee handbooks and talked up by personnel specialists
+1	Winners outpaced losers , 572 to 368	181 issues remained unchanged
+0	Investors , especially dealers , do n't want to hold a position over the weekend	that the trading mood remained positive through the afternoon session
+1	In turmoil caused by the previous Friday 's plunge in New York stocks , the Nikkei marked a sharp 647.33-point fall Monday	the Nikkei fell an overall 1.8 % in value that day compared with Wall Street 's far sharper 6.9 % drop on Oct. 13
+2	to regain confidence gradually	they spent more time on analyzing factors that caused the Friday plunge and realized these problems were unique to New York stocks and not directly related to Tokyo
+11	to regain confidence gradually	they spent more time on analyzing factors that caused the Friday plunge and realized these problems were unique to New York stocks and not directly related to Tokyo
+1	The Nikkei continued to gain for the rest of the week , adding 1017.69 points in four days	further major advances on the Nikkei are n't foreseen this week by market observers
+6	how the U.S. government will decide on interest rates	how the dollar will be stabilized
+8	Sapporo gained 80 to 1,920	Kirin added 60 to 2,070
+8	Kajima advanced 40 to 2,120	Ohbayashi added 50 to 1,730
+8	Fujisawa added 80 to 2,010	Mochida advanced 230 to 4,400
+1	The index finished 2.4 % under its close of 2233.9 the previous Friday	it recouped some of the sharp losses staged early last week on the back of Wall Street 's fall
+0	although it recouped some of the sharp losses staged early last week on the back of Wall Street 's fall	London was weak throughout Friday 's trading on what dealers attributed to generally thin interest ahead of the weekend and this week 's potentially important U.K. trade figures for September
+10	The FT-SE 100 largely remained within an 11-point range establshed within the first hour of trading	it eased to an intraday low late in the session when a flurry of program selling pushed Wall Street lower
+10	that market-makers were largely sidelined	aggressively supporting the market Thursday in their quest to cover internal shortages of FT-SE 100 shares
+10	British Airways rose initially	announcing its withdrawal from the UAL deal
+1	In other active shares , Trusthouse Forte shed 10 to 294 on volume of 6.4 million shares after a Barclays De Zoete Wedd downgrading	Hillsdown Holdings , a food products concern , was boosted 2 to 271
+10	while Hillsdown Holdings , a food products concern , was boosted 2 to 271	it disclosed it would seek shareholder approval to begin share repurchases
+3	to notify foreign dictators	it knows of coup plans likely to endanger their lives
+10	The existence of the guidelines has become known	President Bush disclosed them privately to seven Republican senators at a White House meeting last Monday
+2	The existence of the guidelines has become known	President Bush disclosed them privately to seven Republican senators at a White House meeting last Monday
+2	No notification was ever considered	the U.S. did n't think the coup plotters intended to kill Mr. Noriega , but merely sought to imprison him
+1	What 's more , both administration and congressional officials hint that the notification requirement is likely to be dropped from the guidelines on coup attempts that are being rewritten by the panel and the White House	the disclosure of the guidelines is already being interpreted on Capitol Hill as an unfair effort to pressure Congress
+6	that `` a text torn out of context is a pretext	it is unfair for those in the White House who are leaking to present the evidence in a selective fashion
+2	that `` a text torn out of context is a pretext	it is unfair for those in the White House who are leaking to present the evidence in a selective fashion
+2	the committee could n't defend itself by making the documents public	that would violate classification rules
+1	Sen. Boren said the committee could n't defend itself by making the documents public because that would violate classification rules	the chairman and other committee members stressed that the notification guideline was n't imposed on the White House by a meddling Congress
+5	that the notification guideline was n't imposed on the White House by a meddling Congress	it grew out of talks about coup-planning in Panama that were initiated by the administration in July 1988 and stretched into last October
+3	notification was required	the U.S. `` gets wind '' of somebody else 's coup plans that seem likely to endanger a dictator 's life
+1	notification was required even if the U.S. `` gets wind '' of somebody else 's coup plans that seem likely to endanger a dictator 's life	the rule only covered coup plans directly involving the U.S
+1	that it may have led to hesitation and uncertainty on the part of U.S. intelligence and military operatives in Panama	the notification guideline was n't carried out in this month 's coup attempt
+2	The issue came to a head last year	the Reagan administration had sought unsuccessfully to win committee approval of funding for new Panama coup efforts
+6	The issue came to a head last year partly because the Reagan administration had sought unsuccessfully to win committee approval of funding for new Panama coup efforts	the need for guidelines on coups and assassinations was partly spurred by a White House desire to avoid nasty overseas surprises during the election campaign
+0	the intelligence committees can exercise influence over its interpretation	the assassination ban is a White House order that Congress never voted on
+1	The administration has reacted to criticism that it mishandled the latest coup attempt by seeking to blame Congress for restrictions the White House said have hampered its freedom of action	last week Mr. Webster 's two top CIA deputies said congressional curbs had n't hampered the spy agency 's role in the coup attempt in Panama
+1	congressional curbs had n't hampered the spy agency 's role in the coup attempt in Panama	the administration 's criticisms appeared to have made some headway with Sens.Boren and Cohen after their Oct. 12 meeting with the president
+1	The three men agreed to rewrite the guidelines , without changing the basic assassination ban , to clear up any ambiguities that may have hampered U.S. encouragement of coups against anti-American leaders	The new argument over the notification guideline could sour any atmosphere of cooperation that existed
+0	MUTUAL FUNDS ARRIVED IN THE U.S. during the Roaring Twenties	they did n't boom until the money market fund was created in the 1970s
+10	but they did n't boom	the money market fund was created in the 1970s
+6	money market funds also helped rewrite banking regulations	creating a vehicle for investors
+6	Besides creating a vehicle for investors	money market funds helped rewrite banking regulations
+11	It arrived	the regulator handling such operations was retiring
+11	it was priced at $ 10 a share	Dreyfus started the first advertising-backed retail fund in February 1974
+10	Dreyfus moved to the $ 1 price	the SEC set standards -- an average 120-day maturity of high-grade paper -- that are still the rule
+6	Eventually , the money funds ' success forced relaxation of curbs on bank interest rates to allow banks to offer competing yields	The new instrument introduced many to the industry
+0	The owners of the defense and aerospace concern , which include three regional states , several industrial companies and banks , met Friday to discuss the final terms of the transaction , in which Daimler-Benz will acquire 50.01 % of	agreement aparently could n't be reached because of opposition from the states of Hamburg and Bremen , which are demanding more influence over the German Airbus operations and a better guarantee against job losses in the troubled Northern German region
+1	The two states and the state of Bavaria still hold a majority in MBB	their stake will fall to around 30 % after Daimler-Benz acquires its stake in the concern
+10	but their stake will fall to around 30 %	Daimler-Benz acquires its stake in the concern
+1	The consensus view on real GNP , the total value of the nation 's output of goods and services adjusted for inflation , calls for a 2.3 % gain , down from the second quarter 's 2.5 % , according to MMS International , a unit of McGraw-Hill Inc. , New York	inflation , as measured by the GNP deflator in Thursday 's report , is expected to rise only 3.5 % , down from 4.6 % in the second quarter
+3	it could serve as an impetus to the fixed-income markets to lower their rates	that gets people excited
+2	The stock market is sick	profits are crumbling
+1	The stock market is sick because profits are crumbling , '' says Michael K. Evans , president of Evans Economics Inc. , Washington	Mr. Evans expects the hurricane and the earthquake `` to take a hunk out of fourth-quarter GNP
+2	His estimate of 3.3 % for third-quarter GNP is higher than the consensus	he believes current inventories are n't as low as official figures indicate
+6	In August , personal income rose 0.4 %	personal consumption increased 0.9 %
+10	In May , Mr. Brierley 's stake shrank to 8.7 %	ranging between 9 % and 11 % for much of the previous year
+11	he spurned the advice of trendy management consultants	Rune Andersson set out to revive flagging Swedish conglomerate Trelleborg AB in the early 1980s
+0	telling us we should concentrate on high technology , electronics or biotechnology , and get out of mature basic industries	under its 45-year-old president , Trelleborg moved aggressively into those unfashionable base industries
+10	first strengthening its existing rubber and plastics division	adding mining as well as building and construction materials
+1	It was a gutsy move for a little-known executive , fired after only two months as president of his previous company	going against the grain has never bothered Mr. Andersson
+3	you do n't have much competition	the whole market thinks what you 're doing is crazy
+6	On Tuesday , Trelleborg 's directors announced plans to spin off two big divisions -- minerals processing , and building and distribution -- as separately quoted companies on Stockholm 's Stock Exchange	The board had been expected to approve a SKr1.5 billion international offering of new Trelleborg shares
+1	The board had also been expected to approve a SKr1.5 billion international offering of new Trelleborg shares	that share issue was postponed until market conditions stabilize
+10	But that share issue was postponed	market conditions stabilize
+1	A family foundation set up by late founder Henry Dunker controls 59 % of Trelleborg 's voting shares outstanding	the foundation bylaws require the entire Trelleborg stake to be sold in the open market if control drops below 50 %
+3	to be sold in the open market	control drops below 50 %
+11	That possibility had crept closer	repeated new share offerings to finance Trelleborg 's rapid growth steadily diluted the foundation 's holding
+2	That possibility had crept closer	repeated new share offerings to finance Trelleborg 's rapid growth steadily diluted the foundation 's holding
+4	Most of the new additions were barely profitable	not outright loss makers
+6	Between 1985 and 1988 , sales multipled more than 10 times	pretax profit surged almost twelvefold
+10	Mr. Andersson to be named Trelleborg 's new chairman	Ernst Herslow steps down next year
+1	Many analysts expect Mr. Andersson , who owns 1.7 % of the company , to be named Trelleborg 's new chairman when Ernst Herslow steps down next year	the promotion is n't likely to alter a management style Mr. Andersson describes as `` being the driving force leading the troops , not managing by sitting back with a cigar waiting for people to bring me ideas
+1	Trelleborg is n't in the same league yet as mining giants such as RTZ Corp. or Anglo-American Corp	we certainly like what we 've seen so far
+0	that the conquest of Falconbridge could vault Trelleborg from a regional Scandinavian success story to a world-class mining concern	Trelleborg still must clear some tough hurdles
+1	Trelleborg is n't in the same league yet as mining giants such as RTZ Corp. or Anglo-American Corp But we certainly like what we 've seen so far	But Trelleborg must clear some tough hurdles
+1	Booming metals prices have fueled Trelleborg 's recent profit surge , raising mining 's share of pretax profit to 68 % this year from a big loss two years earlier	an expected fall in metal prices next year could slow profit growth
+6	Noranda would prefer to break up Falconbridge	that the Swedes -- relatively inexperienced in international mining operations -- could have problems holding their own with a much bigger partner like Noranda operating on its home turf
+1	We 'd be reluctant to accept 50-50 ownership in a manufacturing company	such partnerships are common in mining , where there are n't problems or conflict of interest or risk of cheating by a partner
+4	the '90s will be the investment decade	the 1980s were a decade of consumption
+6	If the 1980s were a decade of consumption , the '90s will be the investment decade	investment is the key word for base metals , and most other businesses Trelleborg is in
+6	John Sculley , chairman and chief executive officer , credited the Macintosh SE/30 and IIcx computers , introduced in the winter , for the brightened sales performance	Mr. Sculley indicated that sagging margins , which dogged the company through most of 1989 , began to turn up in the fourth quarter as chip prices eased
+11	that sagging margins began to turn up in the fourth quarter	chip prices eased
+2	that sagging margins began to turn up in the fourth quarter	chip prices eased
+1	Margins in the fiscal fourth quarter perked up , rising to 51 % from 49.2 % a year earlier	For all of fiscal 1989 the average gross margin was 49 % , below the average 1988 gross margin of 51 %
+6	Gary J. Schantz , 44 years old , was named president and chief operating officer Martin Schrager , 51 , who had been president , was named vice chairman	the board expanded to six members with the election of David L. Holewinski , a consultant
+6	Separately , the board expanded to six members with the election of David L. Holewinski , a consultant	The company said it privately placed stock and warrants in exchange for $ 750,000
+6	Terry L. Haines , formerly general manager of Canadian operations , was elected to the new position of vice president , North American sales , of this plastics concern	Larry A. Kushkin , executive vice president , North American operations , was named head of the company 's international automotive operations , another new position
+6	He remains an executive vice president	his new position reflects `` the growing importance of the world automotive market as a market for A. Schulman 's high performance plastic materials
+6	Gordon Trimmer will succeed Mr. Haines as manager of Canadian operations	Mr. Kushkin 's former position is n't being filled at this time
+10	it moved its headquarters for Latin America to Mexico and the headquarters for the Asia/Australia regional division to Singapore , effective Oct	The central offices for both regions were located in Ludwigshafen , Basf headquarters
+11	It 's getting harder to sell , '' he mutters	he leaves the room
+6	Manila is offering several major assets for the first time and is trying to conclude sales already arranged	the government is scheduled to unveil plans for privatizing Philippine Airlines , the national carrier , an effort that lawyer and business columnist Rodolfo Romero calls `` the bellwether of privatization
+1	Much of the money from the sales is earmarked for a multibillion-dollar agrarian-reform program	efforts have been thwarted by official indifference , bureaucratic resistance , a legal system that operates at a snail 's pace , political opposition and government misjudgments
+2	Rather than gathering momentum , the program is in danger of slowing even more	the government tackles several big assets
+11	Rather than gathering momentum , the program is in danger of slowing even more	the government tackles several big assets
+10	The Asset Privatization Trust , the agency chiefly responsible for selling government-held properties , has recorded sales of more than $ 500 million	it began functioning in December 1986
+0	The Asset Privatization Trust , the agency chiefly responsible for selling government-held properties , has recorded sales of more than $ 500 million since it began functioning in December 1986	its success has been largely in the sale of small , nonperforming companies , which are valued for their assets
+2	Dealing with the sales this month could be particularly challenging	almost every problem that has hobbled the program in the past is popping up again
+11	October 's troubles began	the trust failed to sell a state-owned commercial bank , Associated Bank , for the minimum price of 671 million pesos ( $ 31 million )
+1	At the end of the month , the agency again will offer the bank	instead of a minimum price , only a target price will be established
+1	But instead of a minimum price , only a target price will be established	that the government may have difficulty selling the institution even without a floor price
+6	The bank has a negative net worth	special bidding rules give the bank 's former owner , Leonardo Ty , the right to match the highest bid
+6	when the trust failed to sell a state-owned commercial bank , Associated Bank , for the minimum price of 671 million pesos ( $ 31 million )	the government will try again within a month to sell the 36 % stake in Paper Industries Corp. of the Philippines , or Picop , as the paper mill is known
+1	The price will depend on how much Picop shares fetch on the local stock market	according to bankers and stock analysts who have studied the paper mill , price is n't the only consideration
+10	As it stands now , the government would continue to hold 45 % of Picop	the 36 % stake is sold
+6	About 7.5 % of Picop is publicly traded	other shareholders own the rest of the equity
+6	why the bidding failed	what changes the agency may be able to offer
+0	the Asset Trust will study why the bidding failed and what changes the agency may be able to offer	Under government regulations foreign ownership of Picop 's equity is limited to 40 %
+0	critics have accused the trust of selling out to foreigners	the government would retain the 45 % stake in Picop
+1	The carrier has valuable trans-Pacific and Asian routes	it remains debt-laden and poorly managed
+2	In American Stock Exchange composite trading Friday , Eagle shares rose 12.5 cents to $ 11.In national over-the-counter trading , Webster shares fell 25 cents to $ 12.375 . Webster has 3.5 million shares outstanding and Eagle 2.6 million	Their indicated market values are about $ 43.3 million and $ 28.6 million , respectively
+6	the banks ' `` markets are contiguous	their business philosophies are similar and conservative
+7	we must caution against an apparent tendency to overstate the case	It is not quite true that the Mexican government has `` privatized '' Mexicana de Aviacion , as Mr. Ortiz claims
+11	In the same sentence he contradicts himself	he reports that the government still retains 40 % of the total equity of the airline
+9	In the same sentence he contradicts himself	he reports that the government still retains 40 % of the total equity of the airline
+3	How can a company be considered `` privatized	the state is so heavily represented in it
+1	True , the Mexican government has granted `` control '' over the airline to a new private consortium	its propensity to take back what it gives is too well known to permit one to be sanguine
+11	Regrettably , too , Mr. Ortiz resorts to the familiar `` numbers game	he boasts that `` fewer than 392 { state enterprises } currently remain in the public sector , '' down from the `` 1,155 public entities that existed in 1982
+0	that `` fewer than 392 { state enterprises } currently remain in the public sector , '' down from the `` 1,155 public entities that existed in 1982	the enterprises still in state hands include the biggest and most economically powerful ones in Mexico
+9	But the enterprises still in state hands include the biggest and most economically powerful ones in Mexico	they virtually constitute the economic infrastructure
+6	But the enterprises still in state hands include the biggest and most economically powerful ones in Mexico	Those enterprises are not going to be privatized
+6	They are officially considered `` strategic	their privatization is prohibited by the Mexican Constitution
+1	The divestiture of nonpriority and nonstrategic public enterprises is an essential element of President Carlos Salinas 's plan to modernize Mexico 's economy	clearly , modernization must embrace its key industries before it can be said to have caught the `` privatization bug
+10	Yet clearly , modernization must embrace its key industries	it can be said to have caught the `` privatization bug
+0	The divestiture of nonpriority and nonstrategic public enterprises is an essential element of President Carlos Salinas 's plan to modernize Mexico 's economy	The bottom line is not economic but political reform
+6	The board of this Ponce , Puerto Rico concern voted to suspend payment of its quarterly of 11 cents a share for the third quarter	The third-largest thrift institution in Puerto Rico said it expects a return to profitability in the third quarter when it reports operating results this week
+11	it expects a return to profitability in the third quarter	it reports operating results this week
+11	that would transfer majority ownership to employees	leaving some stock in public hands
+6	that would transfer majority ownership to employees	leaving some stock in public hands
+6	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	to avoid the risk of rejection , the group does n't plan to submit the plan formally at a UAL board meeting today
+5	to submit the plan formally at a UAL board meeting today	the group is raising the proposal informally to try to test the board 's reaction
+10	that collapsed last week	banks would n't raise needed loans
+2	that collapsed last week	banks would n't raise needed loans
+6	after banks would n't raise needed loans	after a key partner , British Airways PLC , dropped out
+10	that collapsed last week	and a key partner , British Airways PLC , dropped out
+2	that collapsed last week	and a key partner , British Airways PLC , dropped out
+0	In composite trading Friday on the New York Stock Exchange , UAL closed at $ 168.50 a share , down $ 21.625	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
+0	But the pilots union appears to be pressing ahead with the revised bid to avoid further loss of momentum	it has n't found a partner to replace British Air
+0	it believes bank financing could be obtained	the bidding group has n't had time to develop its latest idea fully or to discuss it with banks
+10	the group does n't plan to make any formal proposal without binding commitments from banks covering the entire amount to be borrowed	the collapse of the last effort
+2	the group does n't plan to make any formal proposal without binding commitments from banks covering the entire amount to be borrowed	the collapse of the last effort
+10	Under the type of transaction being discussed , the pilot-management group would borrow several billion dollars from banks	that could be used to finance a cash payment to current holders
+6	that could then be used to finance a cash payment to current holders	Those current holders would receive minority interests in the new company
+7	Those current holders would also receive minority interests in the new company	the group could offer $ 200 a share in cash plus stock valued at $ 30 a share
+6	in which holders get a special dividend	retain a controlling ownership interest
+1	It was n't clear how the ownership would stack up under the new plan	employees would keep more than 50 %
+6	Management 's total could be reduced	the public could get more than the 15 % control that had been earmarked for British Air
+0	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 pilots are expected to continue to pursue the bid
+2	The board could eventually come under some pressure to sell the company	its members can be ousted by a majority shareholder vote
+2	because its members can be ousted by a majority shareholder vote	one-third of UAL stock is held by takeover stock speculators who favor a sale
+1	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	the only outsider who has emerged to lead such a shareholder vote , Los Angeles investor Marvin Davis is hanging back
+1	Mr. Davis had paid $ 6 million for Citicorp 's backing of his last bid	Citicorp has lost some credibility because it also led the unsuccessful effort to gain bank loans for the labor-management group
+2	But Citicorp has lost some credibility	it also led the unsuccessful effort to gain bank loans for the labor-management group
+6	Mr. Davis had paid $ 6 million for Citicorp 's backing of his last bid	because it led the unsuccessful effort to gain bank loans for the labor-management group
+1	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	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
+6	that British Air might yet rejoin the bidding group	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
+6	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	late last week , UAL flight attendants agreed to participate with the pilots in crafting a revised offer
+1	Also late last week , UAL flight attendants agreed to participate with the pilots in crafting a revised offer	the machinists union , whose opposition helped scuttle the first buy-out bid , is likely to favor a recapitalization with a friendly third-party investor
+6	Also late last week , UAL flight attendants agreed to participate with the pilots in crafting a revised offer	Speculation has 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
+1	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	Mr. Pope 's departure would weaken the airline 's management at a critical time
+6	and will carry 30 seconds of advertising	ad-supported
+1	a possible course of action may include acquiring some or all of the Profit Systems shares it does n't already own	that it has n't determined any specific terms of a possible transaction
+1	The nation 's holdings of foreign currencies increased $ 5.67 billion in September to $ 39.08 billion	its gold reserves were virtually unchanged at $ 11.07 billion
+6	U.S. holdings of IMF special drawing rights last month rose $ 247 million , to $ 9.49 billion	its reserve position at the IMF increased $ 142 million , to $ 8.79 billion
+6	Mr. Conway , 42 years old , was elected chairman , president and chief executive of Manhattan Life Insurance Co. and president and chief executive of Manhattan National Life Insurance Co	Harry Rossi , 69 , chairman of the holding company remains chairman of Manhattan National Life Insurance Co
+0	The new proposal , which would transfer majority ownership of United Air 's parent to employees and leave some stock in public hands , would be valued at $ 225 to $ 240 a share , or as much as $ 5.42 billion	UAL 's board is n't expected to give quick approval to any offer substantially below the $ 300-a-share bid that collapsed recently
+10	Ford and Saab ended talks about a possible alliance	Ford concluded that the cost to modernize Saab 's car operations would outweigh the likely return
+1	Most bond prices fell	junk bonds and the dollar rose
+3	that prices could collapse a few months from now	the group does n't adopt new quotas
+11	The proposals , from suitors including Interpublic Group , come	the London-based ad giant struggles through its most difficult period ever
+2	The FDA requested the recall of Quantum 's mioxidil tablets , chlorazepate dipotassium tablets and meclofenamate sodium capsules	the size of the production runs submitted for testing to gain FDA approval was in each case misrepresented as much larger than it actually was
+6	it was suspending production and distribution of all 21 of Quantum 's generic drug products pending the completion of an exhaustive internal audit	It temporarily closed Quantum , because of the internal investigation , as well as the FDA 's ongoing inquiry
+2	Year-earlier per-share results are n't applicable	the company went public in January
+1	costs will be lower	chemical margins continued to worsen this quarter
+2	costs will be lower	the maintenance and expansions are complete
+0	Four other unions have yet to vote	their leadership also recommended approval
+6	Members of the largest union voted in favor of the pact yesterday	but their leadership recommended approval
+1	LEBANESE LAWMAKERS APPROVED a peace plan	Aoun rejected it
+1	Lebanon 's Parliament passed the power-sharing accord to end the country 's 14-year-old conflict	the Christian military leader wad the plan was `` full of ambiguities
+11	the San Francisco Bay area girded for hundreds of thousands of commuters seeking to avoid routes ravaged by last Tuesday 's tremor	rescuers pressed their efforts after finding a survivor in a collapsed freeway
+10	As rescuers pressed their efforts	finding a survivor in a collapsed freeway
+10	The existence of the policy became known	Bush disclosed it to seven GOP senators last week , citing the plan as an example of congressional requirements the administration contends contribute to the failure of covert actions
+2	The existence of the policy became known	Bush disclosed it to seven GOP senators last week , citing the plan as an example of congressional requirements the administration contends contribute to the failure of covert actions
+6	Rep. Garcia and his wife were found guilty by a federal jury in New York of extorting $ 76,000 from Wedtech Corp. in return for official acts by the New York Democrat	The jury convicted them of extortion in obtaining a $ 20,000 interest-free loan from an officer of the defunct defense contractor
+11	The Boeing 727 , en route to Honduras from Costa Rica via Nicaragua , smashed into the hills outside Tegucigalpa	it approached the capital 's airport in high winds and low clouds
+11	The U.S. and Israel have been holding what an aide to Prime Minister Shamir called intense telephone negotiations in an effort to bridge differences over Mideast peace moves	The Labor Party threatened to support a parliamentary motion to topple the coalition unless Shamir showed flexibility on Arab-Israeli talks
+5	to support a parliamentary motion to topple the coalition	Shamir showed flexibility on Arab-Israeli talks
+0	The Sandinista government and the U.S.-backed insurgents agreed in March to suspend offensive operations	there has been sporadic fighting
+1	Telephone-operations quarterly profit increased 9 % to $ 84 million from $ 77 million	federal-systems earnings declined 33 % to $ 4 million from $ 6 million
+8	Customer-access lines increased at an annualized rate of about 4 %	minutes of long-distance use rose about 12 %
+10	You have to have clear feelings about someone	you can make jokes
+11	many initially thought he was	the 52-year-old Politburo member was selected last week to succeed Erich Honecker
+1	Mr. Krenz does n't seem to be the knee-jerk hardliner many initially thought he was when the 52-year-old Politburo member was selected last week to succeed Erich Honecker	he does n't appear to be ready to make broad changes either
+10	On Thursday East German television broke into regular programming to launch a talk show in which viewers call in questions for a panel of officials to answer	he took office
+6	On Thursday , a day after he took office , East German television broke into regular programming to launch a talk show in which viewers call in questions for a panel of officials to answer	The regular nightly news program and daily newspapers are getting a visible injection of Soviet-style glasnost
+0	Other changes , including easing restrictions on travel for East Germans , are expected	whether such moves can win back the confidence of East Germans depends largely on whether they feel they can trust Mr. Krenz
+6	But whether such moves can win back the confidence of East Germans , who have taken to the streets by the thousands in recent weeks to demand democratic changes , depends largely on whether they feel they can trust Mr. Krenz	that 's a problem
+6	Mr. Krenz is not only closely identified with his mentor , Mr. Honecker	but blamed for ordering violent police action against protesters this month and for praising China for sending tanks against student demonstrators
+0	there is much about his style that sets him apart from his party comrades	Mr. Krenz is dedicated to East Germany 's conservative vein of communism
+9	Unlike Mr. Honecker Mr. Krenz enjoys asking questions	one of his first actions as leader was to visit a gritty machine factory on the outskirts of Berlin and wander among the workers -- a la Gorbachev
+10	Indeed , one of his first actions as leader was to visit a gritty machine factory on the outskirts of Berlin and wander among the workers -- a la Gorbachev	He was shown on television , fielding questions
+1	He 's a very tough man , but one who 's also open to arguments	there 's another side to Mr. Krenz
+1	Mr. Krenz may project a smooth image	he 's a true reformer
+3	he appears to have only limited room for maneuver within the Communist Party 's ruling Politburo	he is
+1	He does n't have any honeymoon period	if he 's sharp and quick , he has a chance
+3	But he has a chance	he 's sharp and quick
+6	The East German economy is strong compared with other East bloc nations	his relative youth could help him project a more vibrant image , contrasting with the perception of Mr. Honecker as an out-of-touch old man
+5	he was n't being real in the past	he is n't being real right now
+2	I have to come here to read the walls	it 's information I still ca n't get through the newspapers
+2	that there 's no reason to change your own	a neighbor hangs new wallpaper
+1	It 's hard to know whether it was intended to be funny	everyone I know laughed about it
+1	The list of laboratories claiming to be producing inexplicable amounts of heat from `` cold fusion '' experiments is slowly growing	the experiments continue to be plagued by lack of firm evidence that the extra heat is coming from the fusing of hydrogen atoms
+1	Neither of the two chemists whose Utah experiments triggered the cold fusion uproar , Martin Fleischmann and B. Stanley Pons , were at the meeting	some members of an ad hoc expert committee set up by the Department of Energy to evaluate the cold fusion research were in the audience
+11	the heavy water did begin to break up , or dissociate	an electric current is applied to the palladium and platinum electrodes
+2	the heavy water did begin to break up , or dissociate	an electric current is applied to the palladium and platinum electrodes
+0	Ordinarily the electrolysis , or breakup , of the water would consume almost all of the electrical energy	Messrs.Fleischmann and Pons said their experiments also produced large amounts of heat
+6	Ordinarily the electrolysis , or breakup , of the water would consume almost all of the electrical energy	their experiments produced large amounts of heat
+2	they asserted that the `` excess '' heat energy must be coming from energy released by the nuclear fusion of deuterium atoms inside the palladium rod	they also detected tritium and indications of nuclear radiation
+6	their experiments also produced large amounts of heat	Because they detected tritium and indications of nuclear radiation
+6	But Messrs.Fleischmann and Pons said their experiments also produced large amounts of heat	As of last weekend , a dozen labs have reported measuring `` excess '' heat from similar electrolytic experiments
+0	As of last weekend , a dozen labs also have reported measuring `` excess '' heat from similar electrolytic experiments	amounts of such heat vary widely
+10	his skepticism of the Utah claims was initially confirmed	his first experiments last spring failed to produce results
+2	his skepticism of the Utah claims was initially confirmed	his first experiments last spring failed to produce results
+1	his skepticism of the Utah claims was initially confirmed when his first experiments last spring failed to produce results	he then borrowed a palladium rod from chemists at Texas A & M who said they were getting excess heat On the fourth `` run '' with the borrowed rod , the experiment began producing excess heat
+10	when his first experiments last spring failed to produce results	But he borrowed a palladium rod from chemists at Texas A & M who said they were getting excess heat
+10	heat output `` really took off '' and produced excess heat for several hours before dying down	it was restarted
+10	and produced excess heat for several hours	dying down
+6	It would go along doing nothing but dissociating the heavy water	then at totally unpredictable times , it would begin producing excess heat for as long as 10 or 11 hours before quieting down
+2	It would go along doing nothing but dissociating the heavy water	then at totally unpredictable times , it would begin producing excess heat for as long as 10 or 11 hours before quieting down
+10	It would go along doing nothing but dissociating the heavy water	and at totally unpredictable times , it would begin producing excess heat for as long as 10 or 11 hours
+10	producing excess heat for as long as 10 or 11 hours	quieting down
+6	the heat bursts were too large and too long to be explained by the sudden release of energy that might have slowly accumulated during the experiments ' quiescent times	they were getting sporadic bursts of excess heat lasting several hours at a time
+10	The bursts often occur	they `` perturbed '' the experiments by raising or lowering the amount of electric current being applied , or switching the current off and on
+6	Typically , the input energy ranges from a third of a watt to one watt	the excess energy is measured in tenths of a watt
+2	There is n't any way to continuously measure the amount of tritium in the heavy water	it 's been difficult to tell whether the tritium formation is related to the heat bursts or some other phenomenon
+10	Messrs.Fleischmann and Pons initially reported indirect evidence of neutrons being produced in their experiment	but conceded the measurements were questionable
+1	A number of times they detected neutrons in one , sometimes two , of the three detectors	only once during 411 hours of the experiment did they detect a neutron burst in all three detectors
+6	but only once during 411 hours of the experiment did they detect a neutron burst in all three detectors	they think that was a spurious event
+10	not to announce it	they could confirm it
+1	In subsequent experiments , one of two neutron detectors occasionally indicated a burst of neutrons	neutron bursts were never recorded in both detectors at the same time
+2	added to the heavy water	it will conduct a current
+6	The rates , which take effect Jan. 2 , include a 4 % increase for national edition advertising	The Journal will offer expanded volume and frequency discounts
+8	Advertising rates for the Eastern , Midwest , Western and Southwest editions will increase an average 5.5 %	rates for localized advertising editions will increase 7.5 %
+6	published and printed in Hong Kong	and printed in Singapore and Tokyo
+6	Dow Jones & Co. announced Wall Street Journal advertising rates for 1990	Dow Jones publishes Barron 's magazine , other periodicals and community newspapers and operates electronic business information services
+6	third-quarter net income fell 31 %	sales dropped slightly from a year earlier
+6	sluggish consumer-electronics sales reduced demand for semiconductors.That , coupled with lower semiconductor prices and higher semiconductor-depreciation expense , contributed to the decline in sales and profit	cost increases related to fixed-price defense contracts and a $ 10 million charge to reduce the work force of Texas Instruments ' defense-electronics division also reduced net
+6	That , coupled with lower semiconductor prices and higher semiconductor-depreciation expense , contributed to the decline in sales and profit	In addition , cost increases related to fixed-price defense contracts and a $ 10 million charge to reduce the work force of Texas Instruments ' defense-electronics division reduced net
+1	sluggish consumer-electronics sales reduced demand for semiconductors.That , coupled with lower semiconductor prices and higher semiconductor-depreciation expense , contributed to the decline in sales and profit.In addition , cost increases related to fixed-price defense contracts and a $ 10 million charge to reduce the work force of Texas Instruments ' defense-electronics division also reduced net	the quarter results included $ 28 million in royalty income from patent licenses , up from $ 21 million in the year-earlier period
+6	We expect near-term sluggishness in the electronics market	we will take ongoing cost-reduction actions as necessary to keep operations aligned with demand
+2	We expect near-term sluggishness in the electronics market	we will take ongoing cost-reduction actions as necessary to keep operations aligned with demand
+6	We expect near-term sluggishness in the electronics market and we will take ongoing cost-reduction actions as necessary to keep operations aligned with demand	an internal reorganization to combine several divisions into the Information Technology Group is expected to affect fourth-quarter results by an undisclosed amount
+6	It is an independent phone company with a service area of 15,000 square miles in southwest New Mexico	It is a partner in the wireline cellular franchise covering most of western New Mexico
+0	the price surge of 1979-80 precipitated an expansion of mine production and scrap recovery and encouraged silver consumers to economize on silver use	some 100 million ounces of silver once held by Mr. Hunt and Middle Eastern associates are n't hanging over the market anymore
+7	the price surge of 1979-80 precipitated an expansion of mine production and scrap recovery and encouraged silver consumers to economize on silver use	Photographic developers bought equipment to recover silver from spent photographs , negatives and processing solutions
+11	Photographic developers , for example , bought equipment to recover silver from spent photographs , negatives and processing solutions	the photographic industry , which accounts for 44 % of silver consumption , continues to look for substitutes
+6	Photographic developers , for example , bought equipment to recover silver from spent photographs , negatives and processing solutions.Meanwhile , the photographic industry , which accounts for 44 % of silver consumption , continues to look for substitutes.Japanese and U.S. photographic firms are beginning to produce electronic cameras and X-rays that do n't require silver	Silver 's history of volatility is discouraging investors
+1	precious metals are out of favor for the moment because of high interest rates and a determination by industrial nations to curb inflation	prices rallied briefly following the tumble on world stock markets earlier this month and the related decline of the dollar
+0	precious metals are out of favor for the moment because of high interest rates and a determination by industrial nations to curb inflation	Silver is in a deeper slump than are gold and platinum
+11	that silver is cheap	prices are languishing at levels last seen in the mid-1970s
+2	that silver is cheap	prices are languishing at levels last seen in the mid-1970s
+11	Scrap merchants are converting smaller quantities of metal into silver	low prices are discouraging exports from India and the Soviet Union
+6	Scrap merchants are converting smaller quantities of metal into silver	low prices are discouraging exports from India and the Soviet Union
+6	A further decline in prices will lead to mine production cuts in the U.S. , he says.Scrap merchants are converting smaller quantities of metal into silver , while low prices are discouraging exports from India and the Soviet Union	Silver prices could be boosted by strikes in leading producing nations Peru and Mexico
+0	A further decline in prices will lead to mine production cuts in the U.S	total fabrication demand for silver has risen six years in a row
+6	Japanese demand grew by 70 % in the first half of this year	the nation plans an issue of a silver commemorative coin that will require 4.5 million ounces
+6	A huge silver stockpile at exchanges , refiners , consuming industries and government warehouses of at least 617 million ounces is the market depressant	Silver production is in an inexorable upward trend
+6	Silver production is also in an inexorable upward trend	while Asian and Middle Eastern investors hoard gold and help underpin its price , silver does n't have the same mystique
+1	Moreover silver does n't have the same mystique	Asian and Middle Eastern investors hoard gold and help underpin its price
+1	Investors have gotten burned on silver so often that they are far more partial to gold	if gold prices improve , silver prices could rally sharply
+3	Yet silver prices could rally sharply	gold prices improve
+0	Yet silver prices could rally sharply	that any increase would be $ 1 to $ 2 at most
+10	the Agriculture Department reported that feedlots in the 13 biggest ranch states held 8.06 million cattle on Oct. 1 , down 6 % from that date a year earlier	the close of trading Friday
+2	Feedlots fatten young cattle for slaughter	a decline signals a tightening supply of beef
+2	In the 1988 quarter , many farmers were forced to sell their cattle to feedlot operators	the drought dried out the pasture on their ranches
+6	In the 1988 quarter , many farmers were forced to sell their cattle to feedlot operators because the drought dried out the pasture on their ranches	The number of cattle moving onto feedlots in the recent quarter was lower because fattening cattle is less profitable
+2	The number of cattle moving onto feedlots in the recent quarter was also lower	fattening cattle is less profitable
+6	The government reported that the number of young cattle placed on feedlots during the quarter dropped 5 % compared with the year-earlier quarter	The Agriculture Department said that the number of fattened cattle slaughtered in the quarter dropped by 5 % from the 1988 quarter
+6	that the drop continued the downward correction that 's been due in the petroleum pits	that such a trend could well continue in the next several trading sessions
+7	Copper prices fell sharply Friday afternoon	copper for December delivery settled 4.5 cents lower at $ 1.2345 a pound
+11	that were touched off	the contract 's price fell below it
+2	that were touched off	the contract 's price fell below it
+10	which continued	the close of trading
+6	In general , it was a bearish close	whether this price break has implications for this week we will know more when the London Metal Exchange copper stock levels are released Monday morning
+10	But we will know more	the London Metal Exchange copper stock levels are released Monday morning
+2	But we will know more	the London Metal Exchange copper stock levels are released Monday morning
+11	LME inventories to be down by about 15,000 tons	the weekly report is issued
+11	that they perceived a bearish sign	traders saw the market was n't reacting positively to the forecasts of lower LME stocks
+6	Bernard Savaiko , senior commodities analyst at PaineWebber Inc. , said that when traders saw the market was n't reacting positively to the forecasts of lower LME stocks , they perceived a bearish sign	He noted that the Japanese apparently pulled back from the market on Friday
+3	Task Broker asks other computers in the network for `` bids '' on the job	a machine has a big computing task
+10	Task Broker asks other computers in the network for `` bids '' on the job	It determines which machine is free to do the task most quickly and sends the task to that machine
+11	The new Hewlett-Packard program is a key building block	people move to this new model of distributed processing
+11	In today 's computer networks , some machines often sit idle	others are overtaxed
+1	In today 's computer networks , some machines often sit idle	others are overtaxed
+7	The Task Broker differs from other programs that spread computing tasks around a network	A previously available program called Network Computing System , developed by Hewlett-Packard 's Apollo division takes a task and splits it up into parts , divvying up those parts to several computers in a network for simultaneous processing
+0	A previously available program called Network Computing System , developed by Hewlett-Packard 's Apollo division , for instance , takes a task and splits it up into parts , divvying up those parts to several computers in a network for simultaneous processing	programs in individual computers must be revised in order to work with that system
+6	Applications wo n't have to be rewritten to work with Task Broker	the user of a computer wo n't be able to tell that another machine is doing the work
+3	ants get killed	elephants start fighting
+11	franchisers are struggling desperately for market share , slashing prices and stepping up costly promotions	hamburger and pizza outlets saturate one area after another
+2	franchisers are struggling desperately for market share , slashing prices and stepping up costly promotions	hamburger and pizza outlets saturate one area after another
+1	The chains `` used to offer discounts during winter when business was slow	in the last year or so , discounting has become a 12-month thing
+0	profits will be flat or lower	Charisma 's sales are up slightly this year
+6	profits will be flat or lower	some fast-food outlets `` could be in serious trouble , based on the amount of discounting that seems to be going on
+1	Until recently , the huge fast-food industry , with sales of about $ 60.1 billion last year , kept price-skirmishing to a minimum	early this year , PepsiCo Inc. 's Taco Bell unit and Wendy 's International Inc. slashed prices and stepped up promotions
+6	when McDonald 's set plans to heat up the discounting by offering coupons	It decided to go national with pizza
+1	All we 're doing is keeping the customers coming	we are n't increasing sales
+5	that they wo n't go into a fast-food store	they get a coupon
+3	many fast-food businesses will close or merge	the battle continues much longer
+3	you 're doing well at someone else 's expense	you 're doing well
+6	inflation-adjusted , same-store sales at company-owned Wendy 's units in the U.S. have trailed year-earlier levels throughout 1989 , except for August	McDonald 's has been running negative all year
+1	Profit margins at company-owned McDonald 's outlets in the U.S. `` are holding up quite nicely , '' says Mr. Greenberg	Mr. Greenberg 's sanguine outlook is n't matched by many fast-food industry observers
+1	Franchisees ca n't be forced to go along with a franchiser 's discounting	once a franchisee agrees to a promotional program , the franchiser can demand full participation to the very end
+10	But the franchiser can demand full participation to the very end	a franchisee agrees to a promotional program
+2	But the franchiser can demand full participation to the very end	a franchisee agrees to a promotional program
+3	maybe you would never get that telephone call about a new franchise	you resisted on prices
+5	The percent difference compares actual profit with the 30-day estimate where at least three analysts have issues forecasts in the past 30 days	actual profit is compared with the 300-day estimate
+5	The percent difference compares actual profit with the 30-day estimate where at least three analysts have issues forecasts in the past 30 days	actual profit is compared with the 300-day estimate
+0	For years , the canceled checks of a small number of well-known baseball players have been bought and sold	these players were dead
+6	Maybe three years ago , there were a lot of { Ty } Cobbs in the hobby	awhile back there were Babe Ruth checks
+1	For years , the canceled checks of a small number of well-known baseball players have been bought and sold.But these players were dead	the thought of a living player selling his checks rubs some people the wrong way
+1	Maybe I 'm a little stuffy	I would n't sell them
+6	Who knows how much they 'll be worth 100 years from now	they 're worth all that much now
+6	He has good investments	Mr. Jackson probably has opened new checking accounts , too
+5	And Mr. Jackson probably has opened new checking accounts , too	at least he should
+1	There 's too much capacity	that transplanted Japanese car makers are boosting the levels of U.S.-made steel in their autos , instead of relying heavily on imported steel
+9	The hot-dipped galvanized segment is one of the fastest-growing and most profitable segments of the steel market	it expects the market for coated sheet steel to reach 12 million tons annually by 1992 , compared with 10.2 million tons shipped in 1988
+1	For the first eight months of 1989 shipments of hot-dipped galvanized steel increased about 8 % from a year earlier	overall steel shipments were up only 2.4 %
+1	USX already has six lines in existing plants producing hot-dipped galvanized steel	this marks the first so-called greenfield plant for such production
+6	USX already has six lines in existing plants producing hot-dipped galvanized steel , but this marks the first so-called greenfield plant for such production	it will boost by 50 % USX 's current hot-dipped capacity of 1,275,000 tons
+6	USX Corp. and its Japanese partner , Kobe Steel Ltd. , agreed to form a joint venture to build a new plant to produce hot-dipped galvanized sheet products , mainly for the automotive market	Steelmakers have been adding capacity of so-called electrogalvanized steel
+10	the rest is easy , right	YOU MAKE UP your mind about an investment
+3	to get burned	you do n't know what you 're doing
+2	There are all sorts of ways to give buy and sell instructions to a broker -- and just as many ways to get burned if you do n't know what you 're doing	here 's a rundown of the most common types of market orders permitted by the stock and commodity exchanges
+6	Not all exchanges accept every type of order	even when a specific order is acceptable to an exchange , a brokerage firm can refuse to enter it for a customer
+0	And a brokerage firm can refuse to enter it for a customer	a specific order is acceptable to an exchange
+2	and the one most open to abuse by unscrupulous floor brokers	it imposes no price restrictions
+5	get me in now	get me out now
+7	With a market order , an investor tells a broker to buy or sell `` at the market	if wheat is being offered at $ 4.065 and bid at $ 4.060 , a market order to buy would be filled at the higher price and a market order to sell at the lower price
+3	For example a market order to buy would be filled at the higher price and a market order to sell at the lower price	wheat is being offered at $ 4.065 and bid at $ 4.060
+10	that some floor brokers at the two largest Chicago commodity exchanges used market orders to fill customers ' orders at unfavorable prices by arranging trades with fellow brokers	Profits realized from these trades would be shared by the conspiring brokers
+3	Limit orders are used	investors want to restrict the amount they will receive or pay for an investment
+3	Investors may regret the restriction	the stock reaches 54 and then falls
+10	if the stock reaches 54	and falls
+5	investors are n't assured of having their orders filled because there may not be sufficient trading volume to permit filling it at the specified price	the market goes at least one tick ( the smallest price increment permitted ) beyond the limit price
+2	Unless the market goes at least one tick ( the smallest price increment permitted ) beyond the limit price , investors are n't assured of having their orders filled	there may not be sufficient trading volume to permit filling it at the specified price
+10	to buy or sell an investment	the price reaches a certain level
+2	to buy or sell an investment	the price reaches a certain level
+10	a stop order turns into a market order , and the order is filled at whatever price the broker can get	the price reaches that level
+2	a stop order turns into a market order , and the order is filled at whatever price the broker can get	the price reaches that level
+6	Once the price reaches that level , a stop order turns into a market order	the order is filled at whatever price the broker can get
+10	Once the price reaches that level , a stop order turns into a market order	the order is filled at whatever price the broker can get
+2	Stop orders are sometimes called `` stop-loss '' orders	they are frequently used to protect profits or limit losses
+0	there is a difference	stop orders sound similar to limit orders
+6	Sell stops must be entered at a price below the current market price	buy stops above
+1	Sell stops must be entered at a price below the current market price and buy stops above	sell limit orders must be placed above the market price and buy limit orders are placed below
+6	In contrast , sell limit orders must be placed above the market price	buy limit orders are placed below
+10	that the order was filled at $ 75	the stock opened at that price on Monday
+3	Stop-limit orders turn into limit orders	an investment trades at the price specified in the order
+10	which are filled at the market price	the stop price is hit
+3	which are filled at the market price	the stop price is hit
+3	it does n't get filled	it ca n't be made at that price
+0	Investors who wish to be out of a position , without the risk of receiving a worse-than-expected price from a market order , may use this type of order to specify the price at which the order must be filled	if the market moves quickly enough , it may be impossible for the broker to carry out the order because the investment has passed the specified price
+3	But it may be impossible for the broker to carry out the order	the market moves quickly enough
+2	But it may be impossible for the broker to carry out the order	the investment has passed the specified price
+3	in that they become market orders	a specified price is reached
+1	Market-if-touched orders are like stop orders in that they become market orders if a specified price is reached	unlike a buy-stop order , a buy market-if-touched order is entered at a price below the current price
+1	However , unlike a buy-stop order , a buy market-if-touched order is entered at a price below the current price	a sell market-if-touched order is entered at a price above it
+10	the floor broker will fill it at the best possible price	the market trades at the specified price
+1	It instructs a broker to buy or sell an investment at the specified price or better	if the investment ca n't be bought or sold immediately , the order is automatically canceled
+3	But the order is automatically canceled	the investment ca n't be bought or sold immediately
+3	he uses fill-or-kill orders almost exclusively	trading options
+3	they do n't fill it immediately	I can start over at a new price or try again with the same price
+3	to take more time to buy or sell an investment	they think they can get a better price by waiting
+10	to fill whichever order they can first	and cancel the other order
+7	On the close '' can be added to many types of orders	market-on-close orders '' must be filled during the last few minutes of trading for the day at a price that is within the official closing range of prices as determined by the exchange . `` Stop-close-only orders '' are stop orders that only become active during the closing minutes of trading . `` Day orders '' expire at the end of the day on which they are entered , `` good-till-canceled orders '' have no expiration date
+10	of entering `` good-til-canceled limit orders	and forgetting about them
+10	who change their mind about buying or selling	an order has been filled
+1	IN SIZING UP the risks of stock-market investments , there 's probably no starting place better than `` beta	investors better not ignore its limitations , either
+2	The beta of the broad market , typically defined as the Standard & Poor 's 500-stock index , is always 1.0	a stock with a beta of 0.5 is half as volatile , one at 1.5 is 50 % more volatile , and so on
+1	Cautious investors should generally go with stocks that have low betas.Go with high-beta stocks to get the biggest payoff from a bet on a bull market	Remember that beta also has important limitations
+6	Beta figures are widely available and easy to interpret	that beta has important limitations
+6	There is risk that is not associated with market moves	the beta does n't tell you the magnitude of that
+9	and the beta does n't tell you the magnitude of that	beta does n't measure the company- and industry-specific risk associated with an individual stock
+1	That `` business '' risk is very significant for an investor with only a few stocks	it virtually disappears in a large and well-diversified portfolio
+6	In particular , beta does n't measure the company- and industry-specific risk associated with an individual stock	Beta is a poor indicator of the risk in stock groups that march to their own drummer
+9	Beta is also a poor indicator of the risk in stock groups that march to their own drummer	the prices of gold and other precious-metals stocks shoot up and down , but the stocks tend to have low betas because their moves are not market-inspired
+1	In particular , the prices of gold and other precious-metals stocks shoot up and down	the stocks tend to have low betas because their moves are not market-inspired
+2	but the stocks tend to have low betas	their moves are not market-inspired
+0	In reality it 's very volatile	the movements are not because of market movements
+11	what 's the specific peril that comes to mind	you think of the words `` risk '' and `` investment
+2	what 's the specific peril that comes to mind	you think of the words `` risk '' and `` investment
+3	you said it 's a holding that goes completely sour -- maybe a bond that defaults or a stock whose value disappears in a bankruptcy proceeding	you 're like most people
+1	People tend to see risk primarily on that one dimension	therein lies another aspect of investment risk : the hazard of shaping your portfolio to avoid one or more types of risk and being blind-sided by others
+6	Risk wears many disguises	investments that are low in one type of obvious risk can be distressingly high in other , less obvious kinds
+2	Risk wears many disguises	investments that are low in one type of obvious risk can be distressingly high in other , less obvious kinds
+7	Risk wears many disguises , and investments that are low in one type of obvious risk can be distressingly high in other , less obvious kinds	U.S. Treasury bonds are supersafe when it comes to returning money at maturity.But their value as investments can be decimated by inflation , which erodes the purchasing power of bonds ' fixed-dollar interest payments
+3	U.S. Treasury bonds , for example , are supersafe	it comes to returning money at maturity
+1	U.S. Treasury bonds , for example are supersafe when it comes to returning money at maturity	their value as investments can be decimated by inflation , which erodes the purchasing power of bonds ' fixed-dollar interest payments
+6	Risk wears many disguises , and investments that are low in one type of obvious risk can be distressingly high in other , less obvious kinds	Risk is a function of time
+3	they usually focus on the volatility of short-term returns	financial professionals measure risk mathematically
+11	they usually focus on the volatility of short-term returns	financial professionals measure risk mathematically
+7	When financial professionals measure risk mathematically , they usually focus on the volatility of short-term returns	Stocks are much riskier than Treasury bills because the range in performance from the best years to the worst is much wider
+2	Stocks are much riskier than Treasury bills , for example	the range in performance from the best years to the worst is much wider
+1	When financial professionals measure risk mathematically , they usually focus on the volatility of short-term returns	investors who are preoccupied with short-term fluctuations may be paying too little attention to another big risk -- not generating enough money to meet long-term financial and life-style goals
+7	But investors who are preoccupied with short-term fluctuations may be paying too little attention to another big risk -- not generating enough money to meet long-term financial and life-style goals	some investors have sworn off stocks since the 1987 market crash
+1	For instance , some investors have sworn off stocks since the 1987 market crash ; last Friday 's debacle only reinforced those feelings	the stock market , despite some stomach-churning declines , has far outperformed other securities over extended periods
+2	Risk wears many disguises , and investments that are low in one type of obvious risk can be distressingly high in other , less obvious kinds	they take several steps when evaluating the riskiness of clients ' portfolios
+3	they take several steps	evaluating the riskiness of clients ' portfolios
+11	they take several steps	evaluating the riskiness of clients ' portfolios
+8	They estimate the return a person 's current portfolio is likely to generate over time , along with a standard deviation that suggests how much the return will vary year by year.They try to figure out the long-term results the person needs to meet major goals	they eyeball types of risk that are not easily quantified
+7	that investors need to consider	the insured municipal bonds that dominate the older couple 's portfolio were probably selected in large part for their low repayment risk.But they expose the holders to a lot of inflation risk and interest-rate risk . The younger couple 's stockholdings involve more risk than a diversified stock portfolio because the bulk of the money is in a single issue
+1	For instance , the insured municipal bonds that dominate the older couple 's portfolio were probably selected in large part for their low repayment risk	they expose the holders to a lot of inflation risk and interest-rate risk
+2	The younger couple 's stockholdings involve more risk than a diversified stock portfolio	the bulk of the money is in a single issue
+1	Note that the younger couple 's portfolio has a higher expected annual return , 10.1 % vs. 8.8 % , as calculated by Seidman Financial Services , which is the financial-planning affiliate of BDO Seidman	one price paid for the higher expected return is greater short-term volatility
+6	Take the expected return	add one standard deviation to it
+10	Take the expected return and add one standard deviation to it	take the expected return and subtract one standard deviation
+6	Then take the expected return	subtract one standard deviation
+3	In two of three years , the actual result should fall within that range	all the assumptions were accurate
+10	Then take the expected return and subtract one standard deviation	add and subtract two standard deviations to get a wider range
+9	Of course , the greater volatility of the younger couple 's portfolio does n't necessarily mean those investments are riskier in terms of meeting the holders ' long-term goals	the older couple 's portfolio could actually be riskier in that sense if the expected return wo n't generate enough dollars to meet their spending plans
+3	Indeed , the older couple 's portfolio could actually be riskier in that sense	the expected return wo n't generate enough dollars to meet their spending plans
+2	They may feel emotionally secure now	they are not heavily in the stock market
+1	They may feel emotionally secure now because they are not heavily in the stock market	they may pay a price 10 or 20 years in the future
+4	trying to weigh risk and reward can seem like throwing darts blindfolded	it comes to investing
+7	Looking to the past can provide some clues	Over several decades investors who put up with the stock market 's gyrations earned returns far in excess of those on bonds and `` cash '' investments like Treasury bills
+1	Looking to the past can provide some clues	while history can suggest what is reasonable to expect there 's no guarantee that the past will repeat itself
+0	But there 's no guarantee that the past will repeat itself	history can suggest what is reasonable to expect
+7	But there 's no guarantee that the past will repeat itself	bond returns and volatility have moved permanently closer to those of the stock market.And returns on cash investments may continue to exceed inflation by a wider margin than they did over the long-term past
+6	For instance , some analysts believe bond returns and volatility have moved permanently closer to those of the stock market	returns on cash investments may continue to exceed inflation by a wider margin than they did over the long-term past
+7	that the Senator and other members of the congressional left are broadening their dislike of Noriega to include other notorious Central American drug runners	The Sandinistas of Nicaragua also are part of the Castro-Medellin cartel nexus
+6	Capital has been democratized	people want in
+2	Capital has been democratized	people want in
+0	THROUGHOUT THE 1980s , investors have been looking for creative alternatives to traditional modes of financial planning	Too often small investors are left with the same stale solutions that appealed to previous generations of fiduciary strategists
+8	who hate risk , who are incapable of doing extensive amounts of planning	who refuse to see their life styles hurt in any way
+6	This is particularly good news for those who hate risk , who are incapable of doing extensive amounts of planning and who refuse to see their life styles hurt in any way	My revolutionary system is useful for those who have tried customary forms of growing their currency cushion
+2	to plunge certain funds into conservative monetary tools	to assuage my father-in-law
+2	Like all Americans seeking chronic prosperity , I do find it necessary to plunge certain funds into conservative monetary tools	throughout the decade I have maintained my share of individual retirement accounts and CDs , and tinkered with stocks , bonds and mutual funds , as well as preserving my necessary position in the residential real-estate market
+5	Return on this fine portfolio has been modest	it has not been negative
+10	Oil-related properties suffered a huge decline	I divested myself of all such stocks in 1985
+1	at which point the industry began a slow recovery	not lighting up any Christmas trees
+6	Oil-related properties suffered a huge decline until I divested myself of all such stocks in 1985 , at which point the industry , while not lighting up any Christmas trees , began a slow recovery	mutual funds remained relatively flat until I made what was , for me , a serious investment
+10	Likewise , mutual funds remained relatively flat	I made what was , for me , a serious investment
+6	Concerned for her state of mind , I dropped them	the market instantly began its steady climb back to health
+10	Concerned for her state of mind , I dropped them	the market instantly began its steady climb back to health
+10	which was booming	I entered it in late 1988 , at which time it posted the first negative compound annual growth rate in years
+2	some of it clearly disposable	we keep disposing of it
+2	Expansion of my living space has produced an obvious need for maintenance and construction of suitable lawns , shrubs and bushes fitting to its suburban locale	I have committed sufficient personal outlay to ensure that my grounds and lodgings will never be short of greens and flowers
+7	At the same time , my share in a wide variety of entertainment pursuits has given perhaps the most dramatic demonstration of the benefits of creative personal financial planning	Over the course of the decade my return on investment in the area of poker alone ( Figures 7A and 7B ) has been most impressive , showing bodacious annual expansion with -- given the way my associates play -- no sign of abatement into the 1990s and beyond
+0	My kids ' college education looms as perhaps the greatest future opportunity for spending	I 'll probably have to cash in their toy portfolio to take advantage of it
+1	My kids ' college education looms as perhaps the greatest future opportunity for spending , although I 'll probably have to cash in their toy portfolio to take advantage of it	with every step I take , I 'm building wealth
+3	You can , too	you , like me , refuse to bite the bullet
+2	You can , too , if you , like me , refuse to bite the bullet	go out there and eat that debt
+6	So go out there	eat that debt
+11	his father gave him a piece of career advice	JAMES SCHWARTZ was just a lad
+0	It should be noted that Mr. Schwartz , who operates out of Englewood , Colo. , is a puckish sort who likes to give his colleagues the needle	in this case the needle has a very sharp point
+0	the fact remains that anybody who can fog a mirror '' can call himself a financial planner	it 's probably safe to assume that the majority of financial planners are honest and even reasonably competent
+0	Planners now influence the investment of several hundred billion dollars	in effect they operate in the dark
+2	There is no effective regulation of planners , no accepted standard for admission into their ranks no way to assess their performance , no way even to know how many of them there are	it should come as no shock that the profession , if that 's what it is , has attracted a lot of people whose principal talents seem to be frittering away or flat-out stealing their clients ' money
+1	Alarmed , state and federal authorities are trying to devise ways to certify and regulate planners	reform has n't taken hold yet
+1	Nobody can estimate the toll	John Gargan , a Tampa , Fla. , planner and head of one trade group , the International Association of Registered Financial Planners , thinks the danger to investors from incompetence is `` humongous , '' far greater than that from crookery
+1	She concedes that such a position is `` unfair '' to the thousands of conscientious and qualified people plying the trade	as a consumer advocate she feels impelled to take it
+1	that even some people who took these steps `` were still getting ripped off	The bad news has n't been bad enough to kill the growing demand for financial planning
+2	The Tax Reform Act of 1986 , which eliminated many tax shelters peddled by planners , and the stock market crash the next year did cause a sharp slump in such demand	many planners had to make an unplanned exit from the business
+6	The Tax Reform Act of 1986 , which eliminated many tax shelters peddled by planners , and the stock market crash the next year did cause a sharp slump in such demand	many planners had to make an unplanned exit from the business
+1	The Tax Reform Act of 1986 , which eliminated many tax shelters peddled by planners , and the stock market crash the next year did cause a sharp slump in such demand , and many planners had to make an unplanned exit from the business	membership in the International Association of Financial Planners ( IAFP ) , the industry 's biggest trade group , is still nearly triple what it was in 1980 , and it 's believed that the ranks of planners who do n't belong to any group have soared as well
+6	But membership in the International Association of Financial Planners ( IAFP ) , the industry 's biggest trade group , is still nearly triple what it was in 1980	it 's believed that the ranks of planners who do n't belong to any group have soared as well
+6	An estimated 10 million Americans are now using financial planners	the pool of capital they influence is enormous
+1	The SEC has only about 200 staffers assigned to keep tabs on investment advisers -- about the same as in 1980	the number of advisers has tripled to about 15,000 over the past decade
+2	The sheer number of planners makes the business extremely difficult , if not impossible , to regulate	the SEC has proposed to Congress that much of the job of oversight be turned over to an industry-funded , self-regulatory organization patterned on the National Association of Securities Dealers , which operates in the brokerage business
+11	Mr. Gargan 's group was excluded	the IAFP recently assembled other industry groups to discuss common standards that might be applied to planners
+2	That may be	Mr. Gargan enrolled his dog , Beauregard , as a member of the IAFP
+10	because Mr. Gargan enrolled his dog , Beauregard , as a member of the IAFP	he sent the pooch 's picture with the certificate of membership to every newspaper he could think of
+5	the company had promised to put clients into `` balanced '' investment portfolios	the company consistently shoved unwary customers into high-risk investments in paintings , coins and Florida condos
+3	In practice the chances of being turned down by First Meridian were about as probable as being rejected by the Book-of-the-Month Club	an investor had access to cash
+6	In practice if an investor had access to cash `` the chances of being turned down by First Meridian were about as probable as being rejected by the Book-of-the-Month Club	First Meridian 's president , Roger V. Sala , portrayed himself as a `` financial expert '' when his qualifications largely consisted of a high-school diploma , work as a real-estate and insurance salesman , and a stint as supervisor at a highway toll booth
+0	And First Meridian 's president , Roger V. Sala , portrayed himself as a `` financial expert	his qualifications largely consisted of a high-school diploma , work as a real-estate and insurance salesman , and a stint as supervisor at a highway toll booth
+2	As for Mr. Sala 's qualifications , `` the snooty attorneys for the state of New York decided Mr. Sala was n't qualified	he did n't have a Harvard degree
+10	and to invest in other companies in which he had an interest	Those companies paid Mr. Peterson commissions and fees
+2	and to invest in other companies in which he had an interest	Those companies paid Mr. Peterson commissions and fees
+6	each says he made with Mr. Peterson as part of an effort to purchase the Bank of Scottsdale in Scottsdale , Ariz	that he gave Mr. Peterson $ 50,000 to join a sort of investment club
+5	the bank purchase would be completed by the end of 1988	the money returned
+1	Wearing a business suit and western-style hat and boots , he opened up his briefcase and dumped $ 1 million in cash on a table in front of the directors	Bank officials showed him the door
+6	Bank officials , however , showed him the door	the sale never came off
+1	Mr. Peterson declines to comment on specific allegations in the two suits , saying he prefers to save such responses for court	he does say that all of his activities have been `` entirely proper
+6	Mr. Peterson says the suits against him are less a measure of his work than they are a `` sign of the times '' in which people generally are more prone to sue	Mr. Peterson says he does n't consider himself a financial planner anymore
+3	it probably is	it sounds too good to be true
+7	Other cases go to show that an old saw still applies : If it sounds too good to be true , it probably is	Certificates of deposit do n't pay 23 % a year but that did n't give pause to clients of one Alabama planner.Now they 're losers and he 's in jail in Mobile County
+0	Certificates of deposit do n't pay 23 % a year , for example	that did n't give pause to clients of one Alabama planner Now they 're losers and he 's in jail in Mobile County
+6	Now they 're losers	he 's in jail in Mobile County
+3	CDs yielding 40 % are even more implausible	the issuing `` bank '' in the Marshall Islands is merely a mail drop watched over by a local gas-station operator
+9	CDs yielding 40 % are even more implausible	the issuing `` bank '' in the Marshall Islands is merely a mail drop watched over by a local gas-station operator
+0	CDs yielding 40 % are even more implausible	investors fell for that one too
+6	Certificates of deposit do n't pay 23 % a year , for example , but that did n't give pause to clients of one Alabama planner.Now they 're losers and he 's in jail in Mobile County.CDs yielding 40 % are even more implausible -- especially when the issuing `` bank '' in the Marshall Islands is merely a mail drop watched over by a local gas-station operator -- but investors fell for that one too	the Colorado planner who promised to make some of his clients millionaires on investments of as litle as $ 100 ? Never mind.You already know the answer
+11	They graze at the Farmers Market , a combination gourmet food court and grocery store	a pianist accompanies the noon fashion show with a selection of dreamy melodies
+11	At the ritzy Fashion Island Shopping Center , the tanned and elegant ladies of this wealthy Southern California beach community disembark from their Mercedes-Benzes and BMWs for another day of exercising their credit cards	in the squat office buildings that ring Fashion Island , the odds are good that someone is getting fleeced
+6	This city of more than 70,000 is known for sunshine , yachts and rich residents	It is known as the fraud capital of the U.S
+8	The breezes are soft , the waves lap gently	the palm trees sway lazily
+6	Nothing seems hard here Nightlife is plentiful	ostentation is appreciated
+6	Newport Beach fits the scam artists ' specifications perfectly	The rich image of Newport Beach helps lend the con artists ' operation an air of respectability
+6	No wonder all kinds of big-time scams have flourished here , from phony tax-sheltered Bible sales to crooked car dealers to bogus penny-stock traders	above all , this is the national headquarters for boiler-room operators , those slick-talking snake-oil salesmen who use the telephone to extract money from the gullible and the greedy and then vanish
+10	who use the telephone to extract money from the gullible and the greedy	and vanish
+2	nobody really knows how much money bogus telemarketing operators really harvest	only a fraction of them are ever prosecuted
+3	Orange County has to be at least 10 % of that	that 's true
+6	If that 's true , Orange County has to be at least 10 % of that	most of the truly big scams in Orange County seem to originate in Newport Beach or one of the other well-heeled communities that surround this sliver-like city that hooks around a point of land on the California coast south of Los Angeles
+9	And most of the truly big scams in Orange County seem to originate in Newport Beach or one of the other well-heeled communities that surround this sliver-like city that hooks around a point of land on the California coast south of Los Angeles	sophisticated big-bucks boiler-room scams are known generically among law-enforcement types as `` Newport Beach '' operations
+2	In one ingenious recent example of a Newport Beach boiler room , prospective investors in Capital Trust Inc. were allegedly told that their investment in precious metals was insured against losses `` caused by employees due to dishonesty , destruction or disappearance , '' according to an indictment handed up by a federal grand jury in Los Angeles last month	falsely reassured , investors sent $ 11.4 million to the Newport Beach company , most of which was diverted to unauthorized uses
+2	Traditionally , boiler rooms operate on the cheap	few , if any , customers ever visit their offices
+9	Traditionally , boiler rooms operate on the cheap , since few , if any , customers ever visit their offices	the name derives from the tendency among telemarketing scammers to rent cheap basement space , near the boiler room
+1	Traditionally , boiler rooms operate on the cheap , since few , if any , customers ever visit their offices	the interesting thing about Newport Beach operations is that they give themselves the indulgence of beautiful offices , with plush furnishings
+3	it 's quite different from these Hollywood places where the sandwiches are spread out on the table and the people are picking their noses	we go there
+8	where the sandwiches are spread out on the table	the people are picking their noses
+6	that they give themselves the indulgence of beautiful offices , with plush furnishings	The Newport Beach operators tend to indulge themselves privately
+2	that building owners are victims , too	boiler rooms often leave without paying rent
+11	there was n't that much to learn	you went to college
+3	Now it 's time to take some risks	you want the kind of returns that will buy your toddler a ticket to Prestige U. in 18 years
+9	it 's time to take some risks if you want the kind of returns that will buy your toddler a ticket to Prestige U. in 18 years	throw away the passbook and go for the glory
+6	In short , throw away the passbook	go for the glory
+2	A year at Harvard now goes for $ 19,395.By 2007 , when this year 's newborns hit campus , a four-year Ivy League sheepskin will cost $ 300,000 , give or take a few pizzas-with-everything at exam time.Stanford , MIT and other utmosts will cost no less	what 's a parent to do
+9	You 're not going to make it in a 5 % bank account To get the necessary growth you need to go to the stock market	a little volatility never hurt
+5	It never hurt anyone , that is	the growth funds do n't grow when you need them to
+11	unless the growth funds do n't grow	you need them to
+5	unless the growth funds do n't grow when you need them to	the zero-coupon bonds turn out not to have been discounted deeply enough to pay your kid 's tuition
+0	no one has a good answer for you if the risk does n't pay off	many experts are advising risk
+3	no one has a good answer for you	the risk does n't pay off
+6	The antitrust division of the Justice Department is investigating the oddly similar tuition charges and increases among the top schools.Fear of the price police could help cool things off in the 1990s	then there 's always State U
+5	The antitrust division of the Justice Department is investigating the oddly similar tuition charges and increases among the top schools.Fear of the price police could help cool things off in the 1990s	And there 's always State U
+1	And then there 's always State U	parents ' craving for a top-rated education for their children is growing like their taste for fancy wheels and vintage wine
+1	Most of the mailers are free	Denver-based Financial Programs sells , for $ 15 , a version customized to the age of the child and the college of choice
+11	that would pay for Stanford	a current first-grader reaches college age
+3	They can cut this to $ 691.09 a month	the investing keeps up through college
+6	They can cut this to $ 691.09 a month if the investing keeps up through college	they can further reduce the monthly amount if they start saving earlier -- when mother and child come home from the hospital
+3	And they can further reduce the monthly amount	they start saving earlier
+3	T. Rowe Price 's planner prescribes $ 450 monthly	the plan begins when the child is six
+11	if the plan begins	the child is six
+2	there would also be $ 16,500 in taxes to pay over the 12 years	the formula assumes an 8 % before-tax return in a mutual fund
+6	Using a recent average private-school cost of about $ 12,500 a year , T. Rowe Price 's planner prescribes $ 450 monthly if the plan begins when the child is six	there would be $ 16,500 in taxes to pay over the 12 years
+1	He takes issue with projections that do n't factor in students ' own contribution , which reduces most parents ' burden substantially	it 's no bad thing '' if all the marketing prods people into putting aside a little more
+3	Still it 's no bad thing	all the marketing prods people into putting aside a little more
+11	That way , parents will reduce borrowings and outlays from current income	the time comes to pay tuition
+2	that the best investment choice is mutual funds	they are managed and over time have nearly kept up with the broad stock averages
+1	that the best investment choice is mutual funds	In their anxiety parents and other student benefactors are flocking to new schemes
+8	They have laid out about $ 1 billion for so-called baccalaureate zero-coupon municipal bonds	they have bought about $ 500 million in prepaid-tuition plans , offered in Michigan , Florida and Wyoming
+2	that buyers can time things	their bonds pay off just when Junior graduates from high school
+11	so that their bonds pay off	Junior graduates from high school
+6	Like other zeros , they pay all their interest at maturity , meaning that buyers can time things so that their bonds pay off just when Junior graduates from high school	Their compounding effect is alluring
+1	The baccalaureate bonds -- tax-free , offered in small denominations and usually containing a provision that they wo n't be called before maturity -- seem to be tailor-made for college savers	zeros are particularly ill-suited
+10	Their price falls further than that of other bonds	inflation and interest rates kick up
+3	Their price falls further than that of other bonds	inflation and interest rates kick up
+3	That wo n't matter	they are held to maturity
+1	That wo n't matter if they are held to maturity	if , for any reason , the parents need to sell them before then , there could be a severe loss of principal
+3	but there could be a severe loss of principal	for any reason , the parents need to sell them before then
+1	Had zeros been available in 1972 and had parents bought a face amount equal to four years ' tuition at the time , aiming for their children 's 1988 enrollment , they would have been left with only enough to pay for two years	Most other bonds would probably not have fared much better
+0	The prepaid plans may be a good bet , provided the guarantee of future tuition is secure	Issuing states generally limit the guarantees to in-state institutions
+6	Issuing states generally limit the guarantees to in-state institutions , however	buyers get refunds without much interest if the children do n't attend the specified schools
+3	and buyers get refunds without much interest	the children do n't attend the specified schools
+1	Sponsors are naturally counting on their ability to keep ahead of tuition inflation with investment returns	buyers are essentially betting on a start-up investment fund with no track record
+6	But buyers are essentially betting on a start-up investment fund with no track record	some have been encouraged to borrow to do so
+0	a 100 % stock portfolio , indexed to the market , would have kept up with tuition and taxes in the 20th century	sponsors might not pick the stocks that will match the market
+6	But sponsors might not pick the stocks that will match the market	they 're leaning more toward fixed income , whose returns after tax have trailed tuition increases
+3	What happens	the sponsors do n't have the cash to pay the tuitions
+4	here 's the monthly sum you will need to invest to pay for four years at Yale , Notre Dame and University of Minnesota	you start saving for your child 's eduction on Jan. 1 , 1990
+6	He sold quarter-inch fingerlings to stock other farmers ' ponds	he bought back one-pound-or-so food-fish that he `` live-hauled '' to market along with his own whiskery crop
+6	He sold quarter-inch fingerlings to stock other farmers ' ponds , and he bought back one-pound-or-so food-fish that he `` live-hauled '' to market along with his own whiskery crop	he nearly always bought and sold for cash
+10	Mr. Baker interviewed or wrote to hundreds of catfish farmers , live-haulers and processors throughout the South	coming up with detailed estimates of purchases and sales , in pounds and dollars , by Mr. Tharp and others
+6	Confronted with the evidence , Mr. Tharp pleaded guilty to one charge of filing a false return and was fined $ 5,000 and sentenced to 18 months in prison	He owes a lot of back taxes , interest and civil fraud penalties
+11	The IRS recently won part of its long-running battle with the Church of Scientology over exemptions	the U.S. Supreme Court held that members ' payments to the church were n't deductible
+2	that members ' payments to the church were n't deductible	the members received services in return
+10	the IRS builds another factor into its secret computer formula for selecting returns for audit and does n't need special projects for them	such abuses become so pervasive
+2	the IRS builds another factor into its secret computer formula for selecting returns for audit and does n't need special projects for them	such abuses become so pervasive
+2	San Franciscans have a much higher incidence of audits than average	more of them score high under that formula
+2	San Franciscans have a much higher incidence of audits than average	IRS agents envy their life styles
+6	Many openings for mass cheating , such as questionable tax shelters and home offices , have gaped so broadly that Congress has passed stringent laws to close them	laws requiring the reporting of more varieties of transactions have enabled the IRS to rely on computers to ferret out discrepancies with returns and to generate form-letter inquiries to taxpayers
+2	Unreported alimony income can be spotted by computer	a payer of alimony must report the former spouse 's Social Security number
+1	Unreported alimony income can be spotted by computer because a payer of alimony ( who gets a deduction ) must report the former spouse 's Social Security number.Passport applicants now must give Social Security numbers , enabling the IRS to see whether Americans living abroad are filing required U.S. returns	while IRS computers focus routinely on target groups like these , the agency has assigned many agents to special projects that need more personal attention
+0	But the agency has assigned many agents to special projects that need more personal attention	IRS computers focus routinely on target groups like these
+2	and arise	auditors in an area detect some pattern of abuse among , say , factory workers claiming that having a multitude of dependents frees them from tax withholding or yacht owners deducting losses from sideline charter businesses
+1	Auditors involved in noncriminal projects ca n't send anyone to jail	they can make life miserable in other ways
+6	Other projects look for offenders among waiters who get cash tips , people who engage in large cash transactions , and people whose returns show they sold a home for a profit without reinvesting the capital gain in another home by the end of the same year ; the gain must be rolled over within two years to defer tax	now that returns must show dependents ' Social Security numbers , the IRS wants to see which dependents show up on more than one return -- and which dependents turn out to be deceased
+2	And the IRS wants to see which dependents show up on more than one return -- and which dependents turn out to be deceased	returns must show dependents ' Social Security numbers
+11	And the IRS wants to see which dependents show up on more than one return -- and which dependents turn out to be deceased	returns must show dependents ' Social Security numbers
+6	which dependents show up on more than one return	which dependents turn out to be deceased
+1	Many workers , especially professionals , want to remain independent to avoid tax withholding and to continue to deduct many expenses that employees ca n't	many others , who want to qualify for employee benefits and unemployment compensation , become tipsters for the IRS
+6	But many others , who want to qualify for employee benefits and unemployment compensation , become tipsters for the IRS	Firms that are paying employment taxes provide leads to competitors that are n't
+1	In his area , Mr. Lackey continues , the miscreant employers most commonly are in construction -- doing framing , drywall , masonry and similar work	a medical clinic with about 20 employees wrongly listed all of them -- including physicians and receptionists -- as independent contractors
+6	Firms that are paying employment taxes also provide leads to competitors that are n't	Revenue-short states are becoming more aggressive pursuers of tax delinquents
+6	Revenue-short states also are becoming more aggressive pursuers of tax delinquents	perhaps none tracks them down with more relish than does New York since it acquired an $ 80 million computer system in 1985
+10	and perhaps none tracks them down with more relish than does New York	it acquired an $ 80 million computer system in 1985
+9	In finding `` good news '' in Berkeley 's new freshman admissions plan ( `` The Privileged Class , '' editorial , Sept. 20 )	The plan raises from 40 % to 50 % the number of freshmen applicants admitted strictly by academic criteria
+0	The plan indeed raises from 40 % to 50 % the number of freshmen applicants admitted strictly by academic criteria	that does n't mean `` half of the students attending Berkeley '' will be admitted this way
+2	boosting admits from 40 % to 50 % will boost registrants from about 31 % to 38 % of the class	the `` yield '' from this top slice of applicants is relatively low
+6	Since the `` yield '' from this top slice of applicants is relatively low , boosting admits from 40 % to 50 % will boost registrants from about 31 % to 38 % of the class	perhaps 5 % of registrants will come from a new category consisting of applicants whose academic credentials `` narrowly missed '' gaining them admission in the first category
+1	Since the `` yield '' from this top slice of applicants is relatively low , boosting admits from 40 % to 50 % will boost registrants from about 31 % to 38 % of the class . In addition , perhaps 5 % of registrants will come from a new category consisting of applicants whose academic credentials `` narrowly missed '' gaining them admission in the first category	against that combined increase of 12 % in students chosen by academic criteria , the plan eliminates a large category in which admissions now are based on grades , test scores and `` supplemental points '' for factors such as high-school curriculum , English-language proficiency and an essay
+2	The plan indeed raises from 40 % to 50 % the number of freshmen applicants admitted strictly by academic criteria Since the `` yield '' from this top slice of applicants is relatively low , boosting admits from 40 % to 50 % will boost registrants from about 31 % to 38 % of the class In addition , perhaps 5 % of registrants will come from a new category consisting of applicants whose academic credentials `` narrowly missed '' gaining them admission in the first category But against that combined increase of 12 % in students chosen by academic criteria , the plan eliminates a large category in which admissions now are based on grades , test scores and `` supplemental points '' for factors such as high-school curriculum , English-language proficiency and an essay.This category now accounts for about 19 % of admits and 22 % of registrants	The plan will decrease by 22 % , for a net loss of 10 % , the number of students admitted primarily by academic criteria
+1	Perhaps it does	the new category does not replace or reduce Berkeley 's broad racial preferences
+6	But the new category does not replace or reduce Berkeley 's broad racial preferences	will students from racial-minority groups who are admitted through the new category be counted against the affirmative-action `` target '' for their group
+2	The plan creates a new category of students from `` socioeconomically disadvantaged backgrounds , '' a concept not yet defined , and gives them about 10 % of the class	The plan places a large new affirmative-action program , based on `` socioeconomic disadvantage , '' on top of the existing program based on race
+2	The plan thus places a large new affirmative-action program on top of the existing program based on race	The role of academic criteria in choosing Berkeley 's freshmen can only decline
+1	Most of us know a sucker.Many of us are suckers	what we may not know is just what makes somebody a sucker
+10	that will knock your socks off	it is built
+2	But what we may not know is just what makes somebody a sucker	in the end , these people always wind up asking themselves the same question : `` How could I be so stupid
+9	What makes people blurt out their credit-card numbers to a caller they 've never heard of ? Do they really believe that the number is just for verification and is simply a formality on the road to being a grand-prize winner ? What makes a person buy an oil well from some stranger knocking on the screen door ? Or an interest in a retirement community in Nevada that will knock your socks off , once it is built	Because these people always wind up asking themselves the same question : `` How could I be so stupid
+6	There are , unfortunately , plenty of answers to that question	scam artists know all of them
+10	then they know what buttons to push	they size them up
+2	then they know what buttons to push	they size them up
+10	Once they size them up	they know what buttons to push
+2	Once they size them up	they know what buttons to push
+6	John Blodgett agrees	he ought to know
+0	they often do n't	the promises of big profits ought to set off warning bells
+2	they often do n't	get-rich-quick tales have become embedded in American folklore
+6	The overnight success story is part of our culture	our society puts an emphasis on it with lotteries and Ed McMahon making millionaires out of people
+6	Other people are making it overnight	the rest who toil daily do n't want to miss that opportunity when it seems to come along
+2	Other people are making it overnight	the rest who toil daily do n't want to miss that opportunity when it seems to come along
+11	to miss that opportunity	it seems to come along
+0	Why do people play the lottery	the odds are great against them
+1	The overnight success story is part of our culture , and our society puts an emphasis on it with lotteries and Ed McMahon making millionaires out of people	Clearly scam artists have to be a bit more subtle than simply promising millions
+6	the psychology of suckers is n't simply the psychology of the greedy	There 's for instance , the need to be part of the in-crowd
+7	the psychology of suckers is n't simply the psychology of the greedy	There 's also the need to be part of the in-crowd
+2	There 's also , for instance , the need to be part of the in-crowd	one popular ploy is to make a prospective investor feel like an insider , joining an exclusive group that is about to make a killing
+7	So one popular ploy is to make a prospective investor feel like an insider , joining an exclusive group that is about to make a killing	Between 1978 and 1987 SH Oil in Winter Haven , Fla. , sold interests in oil wells to a very select group of local residents , while turning away numerous other eager investors
+11	Between 1978 and 1987 , for instance , SH Oil in Winter Haven , Fla. , sold interests in oil wells to a very select group of local residents	turning away numerous other eager investors
+6	Between 1978 and 1987 , for instance , SH Oil in Winter Haven , Fla. , sold interests in oil wells to a very select group of local residents	turning away numerous other eager investors
+6	this is really true	that they are part of a chosen group being given this opportunity
+6	insulating himself from being discovered and keeping his victim from consulting with others	It adds to the mystery of the venture
+10	I was allowing them to live a dream	people got into it
+1	a promise of unrealistic returns would have made him leery	a salesman `` used a business-venture approach '' with him , sending investment literature , a contract limiting the firm 's liability , and an insurance policy
+11	it had `` all the trappings of legitimacy	he visited the company 's office
+7	or try to make sure that their victims isolate themselves	salesmen may counter a man 's objection that he wants to discuss an investment with his wife by asking , `` Who wears the pants in your family ? '' Or an investor who wants his accountant 's advice may be told , `` You seem like a guy who can make up his own mind
+6	For instance , salesmen may counter a man 's objection that he wants to discuss an investment with his wife by asking , `` Who wears the pants in your family	an investor who wants his accountant 's advice may be told , `` You seem like a guy who can make up his own mind
+10	he and his wife , Lily , warmed to the investment pitches of a penny-stock peddler from Stuart-James Co. in Atlanta	the broker told them he , too , had once worked with Lockheed
+6	The Lyneses , of Powder Springs , Ga. , have filed suit in Georgia state court against Stuart James , alleging fraud	who lost money
+11	People may be particularly vulnerable to flim-flam pitches	they are in the midst of a major upheaval in their lives
+2	People may be particularly vulnerable to flim-flam pitches	they are in the midst of a major upheaval in their lives
+11	Sometimes they lose their bearings	people are making big changes , retiring from their jobs , moving to a new area
+2	Sometimes they lose their bearings	people are making big changes , retiring from their jobs , moving to a new area
+3	They may be susceptible to some song and dance	it hits them at the right time
+6	People may be particularly vulnerable to flim-flam pitches when they are in the midst of a major upheaval in their lives	They are obviously more susceptible when they need money-retirees , for instance , trying to bolster their fixed income or parents fretting over how to pay for a child 's college expenses
+11	They are obviously also more susceptible	they need money-retirees , for instance , trying to bolster their fixed income or parents fretting over how to pay for a child 's college expenses
+2	They are obviously also more susceptible	they need money-retirees , for instance , trying to bolster their fixed income or parents fretting over how to pay for a child 's college expenses
+7	They are obviously also more susceptible when they need money	retirees trying to bolster their fixed income or parents fretting over how to pay for a child 's college expenses
+6	We were saving up to buy a house	my wife was pregnant
+6	It was just before the Christmas holidays	I figured we could use some extra cash
+2	It was just before the Christmas holidays	I figured we could use some extra cash
+10	Prices for seats on the New York Stock Exchange are recovering a bit	hitting a four-year low earlier this month
+1	FOX HUNTING HAS been defined as the unspeakable in pursuit of the inedible	at least it 's exercise
+7	Most of us have to spend our time on pursuits that afford neither , drab duties rather than pleasures	Like trying to buy life insurance an endeavor notably lacking in dash
+1	Most of us have to spend our time on pursuits that afford neither , drab duties rather than pleasures.Like trying to buy life insurance , for instance , an endeavor notably lacking in dash	sooner or later , most of us have to think about life insurance , just as we often have to think about having root-canal work
+6	But sooner or later , most of us have to think about life insurance , just as we often have to think about having root-canal work	my time has come
+1	In times past , life-insurance salesmen targeted heads of household , meaning men	ours is a two-income family and accustomed to it
+2	but ours is a two-income family and accustomed to it	if anything happened to me , I 'd want to leave behind enough so that my 33-year-old husband would be able to pay off the mortgage and some other debts ( though not , I admit , enough to put any potential second wife in the lap of luxury )
+3	So I 'd want to leave behind enough so that my 33-year-old husband would be able to pay off the mortgage and some other debts ( though not , I admit , enough to put any potential second wife in the lap of luxury )	anything happened to me
+2	So I 'd want to leave behind enough	my 33-year-old husband would be able to pay off the mortgage and some other debts ( though not , I admit , enough to put any potential second wife in the lap of luxury )
+11	Over the past decade or two the insurance industry has spawned an incredible number of products , variations on products , and variations on the variations	I was thinking about fox hunting
+11	that can be used in various ways	the insured is still alive
+4	pure insurance -- a term policy -- gives you maximum bang for your buck , within limits	all you want is death-benefit coverage
+1	If all you want is death-benefit coverage , pure insurance -- a term policy -- gives you maximum bang for your buck , within limits	term '' means just that
+10	and must be renewed	it expires
+6	the policy is written for a specific time period only and must be renewed when it expires	It may stipulate that the insured must pass another medical exam before renewal
+3	you may not be able to buy it	you flunk
+3	your premium will go up sharply because you 're that much older	you 're healthy and can renew
+2	your premium will go up sharply	you 're that much older
+2	But `` term '' means just that ; the policy is written for a specific time period only and must be renewed when it expires.It may also stipulate that the insured must pass another medical exam before renewal ; if you flunk -- which means you need insurance more than ever -- you may not be able to buy it.Even if you 're healthy and can renew , your premium will go up sharply because you 're that much older	term insurance may not be as cheap as it looks
+1	One variation that appealed to me at first was the `` Money Smart Term Life '' policy offered by Amex Life Insurance Co. , the American Express unit , to the parent company 's credit-card holders	Upon examination I wondered whether the plan made a lot of sense
+3	and would pay me back all the premiums I put in	I canceled the policy after 10 years
+3	First I 'd have no more insurance , a not insignificant consideration	I canceled
+2	that would have exceeded the inflation rate	and given the company a real profit
+10	to cancel	which could lock in its investment profit
+2	to cancel	which could lock in its investment profit
+1	That would be all right with Amex , which could then lock in its investment profit	it does n't add up to a `` smart money '' move for me
+3	I win -- a hollow victory	I die early
+2	a hollow victory	I ca n't enjoy it
+6	If I die early , I win -- a hollow victory , since I ca n't enjoy it	if I live long , the insurer wins
+3	and the insurer wins	I live long
+11	This is worth remembering	insurers and their salesmen try to sell you permanent insurance , the kind that amasses cash value
+1	The word `` death '' can not be escaped entirely by the industry	salesmen dodge it wherever possible or cloak it in euphemisms , preferring to talk about `` savings '' and `` investment '' instead
+5	but salesmen dodge it wherever possible or cloak it in euphemisms	preferring to talk about `` savings '' and `` investment
+2	That 's	you have to pay for the insurance portion of the policy and the effort required to sell and service the whole package
+11	to die	under its protection
+6	This is reflected in a built-in mortality cost -- in effect , your share of the company 's estimated liability in paying off beneficiaries of people who had the effrontery to die while under its protection	in most cases , a huge hunk of your premium in the initial year or two of the the policy is , in effect , paying the salesman 's commission as well
+2	That 's because you have to pay for the insurance portion of the policy and the effort required to sell and service the whole package	view permanent insurance for what it is -- a compromise between pure insurance and direct investment
+8	You pay a set premium for a set amount of coverage , the company invests that premium in a portfolio of its choosing	your cash value and dividends grow over the years
+6	the insured could extract cash value in the form of policy `` loans	none of the proceeds were taxable even though they included gains on investment
+0	and none of the proceeds were taxable	they included gains on investment
+1	Congress closed this loophole last year , or thought it did	Monarch Capital Corp. of Springfield , Mass. , has developed a `` combination plan '' of annuity and insurance coverage that it says does not violate the new regulations and that allows policy loans without tax consequences
+6	that does not violate the new regulations	that allows policy loans without tax consequences
+1	However , Monarch Capital Corp. of Springfield , Mass. , has developed a `` combination plan '' of annuity and insurance coverage that it says does not violate the new regulations and that allows policy loans without tax consequences	the percentage of your cash reserve that you can borrow tax-free is very small
+2	I 'm not prepared in any case to put that much money into a policy immediately	I look into the broad category called universal life
+8	I can adjust the amount of insurance I want against the amount going into investment ; I can pay more or less than the so-called target premium in a given year	I can even skip payments if my cash reserves are enough to cover the insurance portion of the policy
+3	and I can even skip payments	my cash reserves are enough to cover the insurance portion of the policy
+1	One is based on interest rates that the company guarantees ( usually 4 % to 4.5 % )	the other on the rate it is currently getting on investment , often 8.5 % or more
+1	Projecting the latter over several decades , I find my cash buildup is impressive	can any high interest rate prevail for that long
+6	Projecting the latter over several decades , I find my cash buildup is impressive -- but can any high interest rate prevail for that long ? Not likely , I think	some policy illustrations assume that mortality costs will decline or that I will get some sort of dividend bonus after the 10th year.These are not certain , either
+5	that mortality costs will decline	that I will get some sort of dividend bonus after the 10th year
+1	Companies `` are n't comfortable playing these games	they realize they 're under pressure to make their policies look good
+6	Some of the companies currently earning very high yields are doing so through substantial investment in junk bonds	you know how nervous the market has been about those lately
+6	There are seemingly endless twists to universal life	it pays to ask questions about all of them
+7	There are seemingly endless twists to universal life	At a back-yard barbecue a friend boasts that she 'll only have to pay premiums on her John Hancock policy for seven years and that her death benefits will then be `` guaranteed . '' I call her agent , David Dominici . Yes , he says , premiums on such variable-rate coverage can be structured to `` vanish '' after a certain period -- but usually only if interest rates stay high enough to generate sufficient cash to cover the annual cost of insurance protection
+6	that she 'll only have to pay premiums on her John Hancock policy for seven years	that her death benefits will then be `` guaranteed
+10	that she 'll only have to pay premiums on her John Hancock policy for seven years	and that her death benefits will be `` guaranteed
+0	Yes premiums on such variable-rate coverage can be structured to `` vanish '' after a certain period	usually only if interest rates stay high enough to generate sufficient cash to cover the annual cost of insurance protection
+3	Yes premiums on such variable-rate coverage can be structured to `` vanish '' after a certain period	but usually interest rates stay high enough to generate sufficient cash to cover the annual cost of insurance protection
+3	the insurer may be knocking on my door , asking for steeper premium payments to maintain the same amount of protection	interest rates plunge
+6	Yes premiums on such variable-rate coverage can be structured to `` vanish '' after a certain period -- but usually only if interest rates stay high enough to generate sufficient cash to cover the annual cost of insurance protection	Some insurers have started offering `` persistency bonuses , '' such as extra dividends or a marginally higher interest yield , if the policy is maintained for 10 years
+3	offering `` persistency bonuses , '' such as extra dividends or a marginally higher interest yield	the policy is maintained for 10 years
+1	Some insurers have also started offering `` persistency bonuses , '' such as extra dividends or a marginally higher interest yield , if the policy is maintained for 10 years	that many of these bonuses are `` just fantasies , '' because most are n't guaranteed by the companies
+2	that many of these bonuses are `` just fantasies	most are n't guaranteed by the companies
+6	that many of these bonuses are `` just fantasies , '' because most are n't guaranteed by the companies	the feature is so new that no insurer has yet established a track record for actually making such payments
+6	Some insurers have also started offering `` persistency bonuses , '' such as extra dividends or a marginally higher interest yield , if the policy is maintained for 10 years.But Glenn Daily , a New York-based financial consultant , warns that many of these bonuses are `` just fantasies , '' because most are n't guaranteed by the companies.And the feature is so new , he adds , that no insurer has yet established a track record for actually making such payments	So-called living-benefits provisions merit a close inspection
+11	these policy riders let me tap a portion of my death benefits	I 'm still alive
+1	Some provisions would let me collect a percentage of the policy 's face value to pay for long-term care such as nursing-home stays ; others would allow payments for catastrophic illnesses and conditions such as cancer , heart attarcks , renal failure and kidney transplants	the catastrophic events for which the policyholder can collect are narrowly defined , vary from policy to policy , and generally permit use of only a small fraction of the face amount of insurance
+6	But the catastrophic events for which the policyholder can collect are narrowly defined , vary from policy to policy , and generally permit use of only a small fraction of the face amount of insurance	financial planners advising on insurance say that to their knowledge there has not yet been a tax ruling exempting these advance payments from taxes
+6	that to their knowledge there has not yet been a tax ruling exempting these advance payments from taxes	that people interested in , say , paying for extended nursing-home care would be better off just buying a separate policy that provides it
+0	I 'm more favorably impressed by `` no-load life	it turns out to be low-load life
+5	Insureres selling these policies market them directly to the public	or do n't use commissioned salesmen
+1	there is still a load -- annual administrative fees and initial `` setup '' charges	that the lack of commission and of `` surrender fees '' for dropping the policy early still saves me a lot
+1	there is still a load -- annual administrative fees and initial `` setup '' charges	that the lack of commission and of `` surrender fees '' for dropping the policy early saves me a lot
+1	After one year I could walk away from the Ameritas policy with $ 792	Id get only $ 14 from the Equitable
+0	At age 65 the Ameritas offering would have a projected cash value $ 14,000 higher than the other	the Equitable 's policy illustration assumed a fractionally higher interest rate
+11	and shop for something more exciting	she 's doing it
+0	that third-quarter profit rose more than 15 % from a year earlier	the gain is wholly due to asset sales
+3	which reduces the value of overseas profit	it is translated into dollars
+2	We had underfunded Maalox for a year	the company was concentrating on research and development and promoting other drugs
+6	It was the second anniversary of the 1987 crash	this time it was different
+11	The 30 industrials led the market higher from the opening bell	foreign buyers stepped in
+8	Standard & Poor 's 500-stock Index rose 5.37 to 347.13	the Nasdaq composite index jumped 7.52 to 470.80
+0	The industrials were up about 60 points in the afternoon	cautious investors took profits before the close
+1	The consumer price index rose 0.2 % in September	many economists were looking for a 0.4 % increase
+11	that investors responded to good earnings reports of companies such as American Express	ignoring the disappointing profits of companies such as Caterpillar
+1	that investors responded to good earnings reports of companies such as American Express	ignoring the disappointing profits of companies such as Caterpillar
+7	To the amazement of some traders , takeover stocks were climbing again	Hilton rose 2 7/8 to 100
+8	Holiday Corp. gained 1 7/8 to 73	Honeywell rose 2 7/8 to 81 1/2
+10	Takeover enthusiasm may have been renewed	an investor group disclosed yesterday that it had obtained all the financing required to complete its $ 1.6 billion leveraged buy-out of American Medical International
+2	Takeover enthusiasm may have been renewed	an investor group disclosed yesterday that it had obtained all the financing required to complete its $ 1.6 billion leveraged buy-out of American Medical International
+1	Takeover enthusiasm may have been renewed when an investor group disclosed yesterday that it had obtained all the financing required to complete its $ 1.6 billion leveraged buy-out of American Medical International . `` That 's put some oomph back into this market , '' said Peter VandenBerg , a vice president of equity trading at Shearson Lehman Hutton	some traders thought there was less to the rally than met the eye
+6	the market is setting up for another fall	that uncertainty about today 's monthly expiration of stocks-index futures and options , and options on individual stocks , prompted a lot of buying by speculative traders who were unwinding positions that were bets on declining stock prices
+8	Philip Morris added 1 1/8 to 44 1/2 in Big Board composite trading of 3.7 million shares , Coca-Cola Co. gained 2 3/8 to 70 3/8 , Merck gained 1 3/8 to 77 3/8	American Telephone & Telegraph advanced 7/8 to 43 3/8 on 2.5 million shares
+8	Elsewhere on the takeover front , Time Warner advanced 2 5/8 to 136 5/8	Warner Communications tacked on 7/8 to 63 7/8
+8	Paramount Communications climbed 1 1/4 to 58 1/2	MCA rose 1 1/2 to 64
+8	Among other actual and rumored targets , Woolworth rose 1 1/4 to 60 1/2 , Upjohn went up 1 1/8 to 39 3/4 , Armstrong World Industries gained 1 to 40 1/8	Kollmorgen rose 3/4 to 13 7/8
+6	Paramount Communications climbed 1 1/4 to 58 1/2 and MCA rose 1 1/2 to 64 ; both media companies have long been mentioned as potential acquisition candidates.Among other actual and rumored targets , Woolworth rose 1 1/4 to 60 1/2 , Upjohn went up 1 1/8 to 39 3/4 , Armstrong World Industries gained 1 to 40 1/8 and Kollmorgen rose 3/4 to 13 7/8	Soo Line jumped 2 3/4 to 20 1/4 , above the $ 19.50 a share that Canadian Pacific offered for the company in a takeover proposal . -- Xtra gained 1 1/8 to 27 1/8.Investor Robert M. Gintel , who owns a 4.7 % stake in the company , said he plans a proxy fight for control of its board . -- Golden Nugget rose 2 to 28 1/4.Its board approved the repurchase of as many as three million common shares , or about 17 % of its shares outstanding
+6	Consumer stocks once again set the pace for blue-chip issues	Buying interest resurfaced in the technology sector , including International Business Machines , whose board approved a $ 1 billion increase in its stock buy-back program
+11	IBM rose 2 3/8 to 104 1/8	2.2 million shares changed hands
+2	IBM rose 2 3/8 to 104 1/8	2.2 million shares changed hands
+8	Among other technology issues , Cray Research rose 1 5/8 to 37 , Hewlett-Packard added 1 1/4 to 50 1/4 , Tandem Computers rallied 1 1/8 to 25 3/4 , Data General rose 3/4 to 14 1/2	Motorola gained 2 3/8 to 59 1/4
+1	Among other technology issues , Cray Research rose 1 5/8 to 37 , Hewlett-Packard added 1 1/4 to 50 1/4 , Tandem Computers rallied 1 1/8 to 25 3/4 , Data General rose 3/4 to 14 1/2 and Motorola gained 2 3/8 to 59 1/4	Symbol Technologies dropped 1 1/4 to 18 1/2 after Shearson Lehman Hutton lowered its short-term investment rating on the stock and its 1989 earnings estimate , and Commodore International fell 7/8 to 8 after the company said it expects to post a loss for the September quarter
+10	On the other hand , Symbol Technologies dropped 1 1/4 to 18 1/2	Shearson Lehman Hutton lowered its short-term investment rating on the stock and its 1989 earnings estimate
+2	On the other hand , Symbol Technologies dropped 1 1/4 to 18 1/2	Shearson Lehman Hutton lowered its short-term investment rating on the stock and its 1989 earnings estimate
+8	On the other hand , Symbol Technologies dropped 1 1/4 to 18 1/2 after Shearson Lehman Hutton lowered its short-term investment rating on the stock and its 1989 earnings estimate	Commodore International fell 7/8 to 8 after the company said it expects to post a loss for the September quarter
+10	and Commodore International fell 7/8 to 8	the company said it expects to post a loss for the September quarter
+2	and Commodore International fell 7/8 to 8	the company said it expects to post a loss for the September quarter
+8	American International Group climbed 4 to 106 5/8 , General Re rose 3 1/8 to 89 5/8 , Kemper added 2 1/2 to 48 , AON went up 1 3/8 to 36	Chubb rose 1 1/4 to 82 1/4
+8	Mattel added 1 1/4 to 19 5/8 , Tonka firmed 1 to 18 1/2	Lewis Galoob Toys rose 7/8 to 13 5/8 on the Big Board
+1	Mattel added 1 1/4 to 19 5/8 , Tonka firmed 1 to 18 1/2 and Lewis Galoob Toys rose 7/8 to 13 5/8 on the Big Board	Hasbro gained 1 to 21 7/8 on the American Stock Exchange
+8	Chambers Development Class A jumped 3 1/8 to 37 1/8	Class B rose 2 5/8 to 37 1/4
+10	to pass a statute barring flag desecration	voting on the constitutional change
+2	he would allow the bill to become law without his signature	only a constitutional amendment can protect the flag adequately
+4	there 's good news and bad news	you think you have stress-related problems on the job
+6	You 're probably right	you are n't alone
+2	The stress study was undertaken	problems related to stress `` are much more prevalent than they seem
+2	to sensitize employers '' to recognize the problems	they can do something about them
+2	which sometimes results	these problems go untreated for too long
+10	which sometimes results	these problems go untreated for too long
+0	Even the courts are beginning to recognize the link between jobs and stress-related disorders in compensation cases , according to a survey by the National Council on Compensation Insurance	although 56 % of the respondents in the study indicated that mental-health problems were fairly pervasive in the workplace , there is still a social stigma associated with people seeking help
+0	But there is still a social stigma associated with people seeking help	56 % of the respondents in the study indicated that mental-health problems were fairly pervasive in the workplace
+8	with 65 % of those in companies of more than 15,000 employees saying stress-related problems were `` fairly pervasive	55 % of those in companies with fewer than 4,000 employees agreeing
+6	The poll showed that company size had a bearing on a manager 's view of the problem , with 65 % of those in companies of more than 15,000 employees saying stress-related problems were `` fairly pervasive '' and 55 % of those in companies with fewer than 4,000 employees agreeing	The poll noted fear of a takeover as a stress-producing event in larger companies
+6	The poll also noted fear of a takeover as a stress-producing event in larger companies	The study found 47 % of the managers said stress , anxiety and depression contribute to decreased production
+1	stress perceived to be threatening implies a component of fear and anxiety that may contribute to burnout	that stress and anxiety have their positive uses
+6	Although Dr. Warshaw points out that stress and anxiety have their positive uses , `` stress perceived to be threatening implies a component of fear and anxiety that may contribute to burnout	He noted that various work environments , such as night work , have their own `` stressors
+0	We all like stress	there 's a limit
+1	IT IS N'T TRUE that a 90-year old clergyman on a mission of mercy to a disaster area on Christmas Day can fly free	his circumstances are among the few that can qualify for the handful of really cheap airline tickets remaining in America
+0	In recent years , carriers have become much more picky about who can fly on the cheap	there still are a few ways today 's traveler can qualify under the airline 's many restrictions
+1	But there still are a few ways today 's traveler can qualify under the airline 's many restrictions	One of the best deals may mean skipping Christmas dinner with the relatives
+2	That approach flopped	this year , the airlines are getting a jump on holiday discounts
+3	couples like Marlo Thomas and Phil Donahue may find it a hassle to qualify for some new discounts	CONTINENTAL Airlines has its way
+6	Only immediate family members are allowed	they must have the same last name as the buyer of the ticket or legal proof they 're related
+6	That irritates many women who have n't taken their husbands ' last name	gay rights advocates are angry , too
+11	it downed electric and telephone lines , shot coconuts through cottage rooftops , shattered windows and uprooted thousands of lives	HURRICANE Hugo careened through the Caribbean and the Atlantic coast states
+2	it downed electric and telephone lines , shot coconuts through cottage rooftops , shattered windows and uprooted thousands of lives	HURRICANE Hugo careened through the Caribbean and the Atlantic coast states
+6	WHEN HURRICANE Hugo careened through the Caribbean and the Atlantic coast states , it downed electric and telephone lines , shot coconuts through cottage rooftops , shattered windows and uprooted thousands of lives	It lowered some air fares
+1	Airlines are n't lowering fares to Northern California following this week 's earthquake	reservation agents can waive advance-purchase restrictions on discount fares for emergency trips
+1	We do n't have the outdoor pool , the pool table , ping pong table , snack bar or VCR	we still have the indoor pool and Jacuzzi
+10	Just Wait	You 're a Bit Older
+1	A senior citizen between 62 and 70 saves 70 % off regular coach fare.Travelers up to age 99 get a percentage discount matching their age	centenarians fly free in first class
+8	A senior citizen between 62 and 70 saves 70 % off regular coach fare.Travelers up to age 99 get a percentage discount matching their age	centenarians fly free in first class
+6	A senior citizen between 62 and 70 saves 70 % off regular coach fare.Travelers up to age 99 get a percentage discount matching their age.And centenarians fly free in first class	THE NATION 'S carriers provide discounts to Red Cross workers , retired military personnel and medical students
+6	initial production from the field was 11,000 barrels a day	that it expects peak output from the field of 15,000 barrels a day to be reached in 1990
+1	For every dollar earned over $ 8,880 , Social Security recipients lose 50 cents of their Social Security benefits ; it 's like a 50 % marginal tax	the compounded effects of `` seniors only '' taxes result in truly catastrophic marginal tax rates
+6	For every dollar earned over $ 8,880 , Social Security recipients lose 50 cents of their Social Security benefits ; it 's like a 50 % marginal tax	the compounded effects of `` seniors only '' taxes result in truly catastrophic marginal tax rates
+10	she had	she had to pay the catastrophic surtax
+0	she would have to earn an additional $ 4,930 to offset her catastrophic surtax of $ 496	this widow earns only twice the minimum wage , largely due to the earnings limit
+2	it is the Democrats who will be held fully accountable if an earnings test amendment is not allowed from the floor	all four Republicans on the committee are co-sponsors of my bill
+3	it is the Democrats who will be held fully accountable	an earnings test amendment is not allowed from the floor
+11	Jack Purnick had 25 workers and a large factory	his Seventh Avenue fur business here was flying high 20 years ago
+6	Now his half-dozen employees work in an eighth-floor shop that he says is smaller than his old storage room	He says he is losing money now
+1	When his Seventh Avenue fur business here was flying high 20 years ago , Jack Purnick had 25 workers and a large factory.Now his half-dozen employees work in an eighth-floor shop that he says is smaller than his old storage room.He also says he is losing money now.He blames imports	just down Seventh Avenue , where about 75 % of U.S. fur garments are made , Larry Rosen has acquired two retail outlets , broadened his fur-making line and expanded into leather.He credits imports
+1	One stuck to old-line business traditions	the other embraced the change
+6	We make the finest product in the world	the Americans are being kicked around
+1	We make the finest product in the world , and the Americans are being kicked around	Mr. Rosen believes imports have reinvigorated the industry in which he has worked for most of his 57 years
+2	Import competition for U.S. furs has risen sharply	furriers started aggressively marketing `` working-girl mink '' and similar lower-priced imported furs in recent years
+10	Import competition for U.S. furs has risen sharply	furriers started aggressively marketing `` working-girl mink '' and similar lower-priced imported furs in recent years
+6	The new market helped boost U.S. fur sales to about $ 1.8 billion a year now , triple the level in the late 1970s	It opened the door to furs made in South Korea , China , Hong Kong and other countries
+1	High-end U.S. furriers say these imports have n't squeezed them	low-priced and middle-priced furriers like Mr. Purnick say imports have cut their sales
+1	imports have cut their sales	Mr. Rosen has turned the import phenomenon to his advantage
+6	Early in the decade he saw that fur workers in many foreign countries were willing to work longer hours at lower wages than their American counterparts and were more open to innovation	He noticed that foreign makers were introducing many variations on the traditional fur
+6	He also noticed that foreign makers were introducing many variations on the traditional fur	he decided to follow suit
+2	He also noticed that foreign makers were introducing many variations on the traditional fur	he decided to follow suit
+1	he still makes most of his furs in the U.S	six years ago he also began importing from the Far East
+6	he still makes most of his furs in the U.S	But six years ago he began importing from the Far East
+10	Inspired by imports , Mr. Rosen now makes fur muffs , hats and flings.This year he produced a men 's line and offers dyed furs in red , cherry red , violet , royal blue and forest green.He has leather jackets from Turkey that are lined with eel skin and topped off with raccoon-skin collars.From Asia , he has mink jackets with floral patterns made by using different colored furs	he will be testing pictured embroidery ( called kalega ) made in the Far East
+6	leathers also attract retailers who may buy furs later	adding to sales
+6	Besides adding to sales	leathers attract retailers who may buy furs later
+10	leathers also attract retailers	who may buy furs
+6	Besides adding to sales , leathers also attract retailers who may buy furs later	Other furriers have benefited from leathers
+6	He also noticed that foreign makers were introducing many variations on the traditional fur , and he decided to follow suit	Mr. Rosen is pushing retail sales
+6	Mr. Rosen is also pushing retail sales	Other furriers have placed more weight on retailing
+6	Golden Feldman Furs Inc. began retailing aggressively eight years ago	now retail sales account for about 20 % of gross income
+1	The industry enjoyed six prosperous years beginning in 1980	since 1986 sales have languished at their $ 1.8 billion peak
+6	Aftereffects of the 1987 stock market crash head the list of reasons	competition has glutted the market with both skins and coats , driving prices down
+8	Aftereffects of the 1987 stock market crash head the list of reasons.In addition , competition has glutted the market with both skins and coats , driving prices down.The animal-rights movement has n't helped sales.Warm winters over the past two years have trimmed demand , too , furriers complain	those who did n't move some production overseas suffer labor shortages
+6	Large furriers such as Antonovich Inc. , Fur Vault Inc. and Evans Inc. all reported losses in their latest fiscal years	even those who have found a way to cope with the imports and the slump , fear that furs are losing part of their allure
+1	He contends that chasing consumers with low-priced imports will harm the industry in the long run by reducing the prestige of furs	Mr. Rosen responds : `` Whatever people want to buy , I 'll sell.The name of the game is to move goods
+6	Four workers at GTE Corp. 's headquarters have been diagnosed as having hepatitis	city health officials are investigating whether a cafeteria worker may have exposed hundreds of other GTE employees to the viral infection
+10	GTE shut down its cafeteria Tuesday afternoon	testing determined that at least one cafeteria worker employed by GTE 's private food vending contractor , ARA Services Inc. , was suffering from a strain of the virus
+2	GTE shut down its cafeteria Tuesday afternoon	testing determined that at least one cafeteria worker employed by GTE 's private food vending contractor , ARA Services Inc. , was suffering from a strain of the virus
+2	From a public health point of view we 're relieved	hepatitis A is rarely life-threatening
+0	because hepatitis A is rarely life-threatening	It 's a double-edged sword
+2	It 's a double-edged sword though	it is also the most contagious kind of hepatitis
+6	because hepatitis A is rarely life-threatening	because it is the most contagious kind of hepatitis
+6	We 're strongly recommending that anyone who has eaten in the cafeteria this month have the shot	that means virtually everyone who works here
+10	he pledged that `` rates will have to remain high for some time to come	boosting base rates to 15 %
+6	Two weeks after boosting base rates to 15 % , he pledged that `` rates will have to remain high for some time to come	Mr. Lawson made it clear that he would be watching exchange rates carefully
+6	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	Mr. Lawson dismissed the possibility of imposing direct credit controls on Britain 's financial system
+0	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	lower joblessness is generally good news
+6	Unemployment in September dropped to 1,695,000 , the lowest level since 1980	average earnings in Britain were up 8.75 % in August over the previous year
+11	that `` demand pressures were even more buoyant than had been appreciated	the British economy was heating up last year
+2	that `` demand pressures were even more buoyant than had been appreciated	the British economy was heating up last year
+10	that `` the markets now appear to have steadied	the `` nasty jolt '' of the 190.58-point plunge in the Dow Jones Industrial Average a week ago
+0	that the experience owed nothing to the particular problems of the British economy	the New York market plunge prompted a 70.5-point drop in the London Financial Times-Stock Exchange 100 Share Index
+9	Mr. Leigh-Pemberton declared `` that the experience owed nothing to the particular problems of the British economy	he pointed out that compared with the U.S. market , the U.K. has far fewer highly leveraged junk-bond financings
+1	Discussing future monetary arrangements , Mr. Lawson repeated the Thatcher government 's commitment to join the exchange rate mechanism of the European Monetary System	he did n't indicate when
+1	Hewlett-Packard Co. became the first company world-wide to announce a product based on the chip earlier this month	it wo n't start shipping the computers until early next year
+6	the company 's factories are already beginning to produce the machine	that it should be available in Europe by December
+2	the company 's factories are already beginning to produce the machine	that it should be available in Europe by December
+10	that Europeans will have these machines in their offices	Americans do
+6	The new chip `` is a very big step in computing	it is important that Olivetti be one of the first out on the market with this product
+2	The new chip `` is a very big step in computing	it is important that Olivetti be one of the first out on the market with this product
+0	Olivetti 's restructuring last fall and its introduction of new products will begin to bear fruit with an earnings rebound next year	Olivetti 's profits tumbled 40 % in the first half of this year
+3	Olivetti 's restructuring last fall and its introduction of new products will begin to bear fruit with an earnings rebound next year	it can fulfill its promise to deliver the new machines by December
+1	The Intel 486 chip can process 15 million instructions per second , or MIPS	Intel 's previous 386 chip could handle only 3 to 6 MIPS
+6	The machines will cost around $ 16,250 on average in Europe	Olivetti plans to sell the CP486 computer in the U.S. starting next year through Olivetti USA and through its ISC/Bunker Ramo unit
+6	Social Security benefits will rise 4.7 % next year to keep pace with inflation	Supplemental Security Income payments to the disabled will rise 4.7 %
+6	Social Security benefits will rise 4.7 % next year to keep pace with inflation	The inflation adjustment means that the maximum annual level of earnings subject to the wage tax that generates revenue for the Social Security trust fund will rise to $ 50,400 in 1990 from $ 48,000 this year
+6	Sales growth in the quarter was slowed by mounting pressure from groups of buyers , such as hospitals , to hold down prices	Suppliers were hurt by the stronger U.S. dollar
+7	In some cases , competition has squeezed margins	Becton , Dickinson & Co. faces stiff competition from a Japanese supplier in the important syringe market
+1	The Franklin Lakes , N.J. , company is expected to report sales growth of only 5 % to 6 % , but should still maintain earnings growth of 10 % , says Jerry E. Fuller , an analyst with Duff & Phelps Inc . Among the first of the group to post results , Abbott Laboratories said third-quarter net income jumped 14 % to $ 196 million , or 88 cents a share , from $ 172 million , or 76 cents a share , a year earlier.Sales for the company , based in Abbott Park , Ill. , rose 8.3 % to $ 1.31 billion from $ 1.21 billion . Baxter International Inc. yesterday reported net climbed 20 % in the third period to $ 102 million , or 34 cents a share , from $ 85 million , or 28 cents a share , a year earlier.Sales for the Deerfield , Ill. , company rose 5.8 % to $ 1.81 billion from $ 1.71 billion	not every company expects to report increased earnings
+2	full-year earnings may be off 33 cents a share	the company removed a catheter from the market
+6	that third-party pressures to reduce health costs will continue to bedevil companies ' bottom lines	Takeover speculation may ease
+11	you 're going to see the stocks probably wane as well	that wanes
+11	Medical-supply houses are expected to report earnings increases of about 15 % on average for the third quarter , despite sales increases of less than 10 % But not every company expects to report increased earnings	Hospitals companies are reporting improved earnings
+6	Bolstered by strong performances by its psychiatric hospitals , National Medical Enterprises Inc. , Los Angeles , reported net income of $ 50 million , or 65 cents a share , for the first quarter ended Aug. 31 , up from $ 41 million , or 56 cents a share , a year earlier	Humana Inc. , Louisville , Ky reported favorable results , with net income of $ 66.7 million , or 66 cents , in the fourth quarter ended Aug. 31 , up from $ 58.2 million , or 59 cents , a year earlier
+6	Most important , hospital admission rates are stabilizing after several years of decline	companies have sold off many of their smaller , less-profitable hospitals and have completed painful restructurings
+7	Most important , hospital admission rates are stabilizing after several years of decline	Humana 's revenues are being boosted by large increases in enrollments in the company 's health maintenance organizations
+6	The number of people receiving regular state benefits in the week ended Sept. 30 decreased to a seasonally adjusted 2,202,000 , or 2.2 % of those covered by unemployment insurance , from 2,205,000 the previous week	when the insured unemployment rate was 2.2 %
+6	the unusually high number of initial claims for state unemployment benefits reflects the impact of Hurricane Hugo on southern states , particularly North Carolina and South Carolina	The figure may reflect initial claims filed by striking Nynex Corp. workers who have become eligible for unemployment benefits
+0	they were troubled by signs of flat U.S. orders and a slowdown in the rate of gain in foreign orders	the second-largest computer maker had prepared Wall Street for a poor quarter
+6	Digital said a shift in its product mix toward low-end products and strong growth in workstation sales yielded lower gross margins	A spokesman said margins for the company 's service business narrowed somewhat because of heavy investments made in that sector
+10	there wo n't be a lot of revenue contribution at the high end	the new mainframe products kick in
+6	Until the new mainframe products kick in , there wo n't be a lot of revenue contribution at the high end	that 's hurt us
+2	Until the new mainframe products kick in , there wo n't be a lot of revenue contribution at the high end	that 's hurt us
+6	The lack of a strong product at the high end of Digital 's line was a significant drag on sales	unfavorable currency translations were a factor in the quarter
+0	DEC shares rose $ 1.375 to $ 89.75 apiece in consolidated New York Stock Exchange trading yesterday	that against the backdrop of a nearly 40-point rise in the Dow Jones Industrial Average , that should n't necessarily be taken as a sign of great strength
+6	Margins will remain under pressure	when the new mainframe does ship , I 'm not sure it will be a big winner
+4	and I 'm not sure it will be a big winner	the new mainframe does ship
+10	and I 'm not sure it will be a big winner	the new mainframe does ship
+0	he was revising his estimate for DEC 's current year from $ 8.20 a share to `` well below $ 8	he has n't settled on a final number
+1	DEC `` drew down its European backlog '' and had flat world-wide orders overall	overall revenues were stronger
+6	earnings growth was fueled by strong sales in Latin America , the Far East and Europe	Results were bolstered by `` a very meaningful increase in operating profit at Colgate 's U.S. business
+6	We 've done a lot to improve ( U.S. ) results	a lot more will be done
+6	Colgate Palmolive Co. reported third-quarter net income rose 27 % , bolstered by strong sales in its Latin American business and surprisingly healthy profits from U.S. operations	Colgate Wednesday finalized an agreement with MacroChem Corp. , a tiny dental products and pharmaceutical concern based in Billerica , Mass. , to market in the U.S. four of MacroChem 's FDA-approved dental products
+6	American Telephone & Telegraph Co. unveiled a sweetened pension and early-retirement program for management that it hopes will enable it to save $ 450 million in the next year	AT & T said net income rose 19 % in the third quarter
+1	Sales of long-distance services , an extremely competitive market , rose 6.4 %	the growth was partly offset by lower equipment sales and rentals and price cuts on some products
+1	Analysts hailed the sweetened pension package , which they said had been the subject of rumors for several months	other analysts expressed disappointment that the cost-cutting move wo n't result in even greater earnings growth
+1	This is a good move	it only gets you to where people 's expectations already are , '' in terms of earnings growth
+1	the special retirement option will increase fourth-quarter expenses	the amount ca n't be determined until it knows how many managers opt to retire
+5	the amount ca n't be determined	it knows how many managers opt to retire
+4	Westridge Capital Management Inc. takes a back seat to no one	it comes to buying and selling shares
+1	When it comes to buying and selling shares , Westridge Capital Management Inc. takes a back seat to no one	But wait a second.Westridge Capital is an index fund -- the type of stolid long-term investor whose goal is to be nothing more than average
+10	simply buying	and holding stocks in the correct mix
+2	These big investors have flocked to indexing	relatively few `` active '' stock pickers have been able to consistently match the returns of the S & P 500 or other bellwethers , much less beat it
+6	These big investors have flocked to indexing because relatively few `` active '' stock pickers have been able to consistently match the returns of the S & P 500 or other bellwethers , much less beat it	the fees investors pay for indexing run a few pennies for each $ 100 of assets -- a fraction of the cost of active managers
+2	That 's	computers do most of the work , and low trading activity keeps a lid on commission costs
+6	because computers do most of the work	low trading activity keeps a lid on commission costs
+1	Indexing for the most part has involved simply buying and then holding stocks in the correct mix to mirror a stock market barometer , such as Standard & Poor 's 500-stock index , and match its performance	today , indexing is moving from a passive investment strategy to an increasingly active one
+2	they have developed `` enhanced '' indexing strategies that are intended to outperform the market as much as three percentage points	index-fund managers are no longer satisfied with merely being average
+1	Indexing has been the most single successful investment concept in the last decade	the index money has been just sort of sitting there
+6	With today 's computer-driven program trading techniques , index funds can trade back and forth between stock-index futures and the actual stocks making up indexes such as the S & P 500	Futures and options make it possible to build `` synthetic '' index funds that do n't actually own a single share of stock , but can produce returns that match or exceed the broad stock market
+10	index funds now hold about 20 % of the stock owned by pension funds	tripling in size in the past five years
+11	getting a free toaster	you open an account
+3	getting a free toaster	you open an account
+2	that indexing 's rapid growth is slowing , particularly for those `` plain vanilla '' funds that mirror the S & P 500 A further problem is razor-thin profits	indexers have been looking for ways to give investors something more than the average for their money
+6	As a result , indexers have been looking for ways to give investors something more than the average for their money	many have been successful , as in the case of the index fund operated by hyper-trader Westridge Capital
+11	The firm sometimes buys S & P 500 futures	they are selling at a discount to the actual stocks
+6	The firm sometimes buys S & P 500 futures when they are selling at a discount to the actual stocks , and will switch back and forth between stocks and stock-index futures to take advantages of any momentary price discrepencies	Mr. Carder goes through periods when he buys stocks in conjunction with options to boost returns and protect against declines
+6	Mr. Carder also goes through periods when he buys stocks in conjunction with options to boost returns and protect against declines	in some months , he buys stock-index futures and not stocks at all
+6	The firm sometimes buys S & P 500 futures when they are selling at a discount to the actual stocks , and will switch back and forth between stocks and stock-index futures to take advantages of any momentary price discrepencies	Big indexer Bankers Trust Co uses futures in a strategy that on average has added one percentage point to its enhanced fund 's returns
+6	You 're buying the S & P	you always want to hold the cheapest form of it
+1	Big indexer Bankers Trust Co. also uses futures in a strategy that on average has added one percentage point to its enhanced fund 's returns.J . Thomas Allen , president of Pittsburgh-based Advanced Investment Management Inc. , agrees it 's a good idea to jump between the S & P 500 stocks and futures	some indexers make little or no use of futures , saying that these instruments present added risks for investors
+3	the futures markets have a problem	those products could have a problem
+11	These guarantee protection against stock market declines	still passing along most gains
+0	to pay back , say , $ 95 of every $ 100 invested for a year	the market goes much lower
+6	this can avoid weak sisters	but can hurt when a company like Chrysler Corp. rebounds
+3	but also can hurt	a company like Chrysler Corp. rebounds
+11	but also can hurt	a company like Chrysler Corp. rebounds
+7	Other funds have been designed to concentrate on stocks in a geographic area in order to encourage local investment	Pennsylvania State Employees Retirement System has about $ 130 million invested in a fund of 244 companies that are either Pennsylvania-based or have 25 % of their work forces in the state
+1	Short interest on the New York Stock Exchange declined for the second consecutive month , this time 4.2 %	the American Stock Exchange reported its third consecutive record month of short interest
+6	For the year-earlier month , the Big Board reported 461,539,056 shares , indicating a 13.5 % year-to-year rise	the Amex reported 36,015,194 shares , a 48 % leap
+2	that the stock 's price will decline	that they can buy the shares back later at a lower price for return to the lender
+10	Traders who sell short borrow stock and sell it	and that they can buy the shares back at a lower price for return to the lender
+1	some investors consider an increase in short interest bullish	a substantial short position reflects heavy speculation that a stock 's price will decline
+2	an increase in short interest bullish	the borrowed shares eventually must be bought back
+6	Although a substantial short position reflects heavy speculation that a stock 's price will decline , some investors consider an increase in short interest bullish because the borrowed shares eventually must be bought back	Fluctuation in short interest of certain stocks may be caused partly by arbitraging
+1	The level of negative sentiment measured by the Big Board short interest ratio slipped to 3.36 from last month 's 3.38	that the ratio has weakened in value as an indicator
+2	that the ratio has weakened in value as an indicator	options and other products can be used to hedge short positions
+6	Short interest in International Business Machines Corp. plunged to 1,425,035 shares from 2,387,226 shares a month earlier	closely watched is Exxon Corp. , where short interest slid to 4,469,167 shares from 5,088,774
+1	Your Oct. 12 editorial `` Pitiful , Helpless Presidency ? '' correctly states that I was critical of the Bush administration 's failure to have any plan in place to respond in a timely fashion to the opportunities to oust Manuel Noriega presented by the attempted military coup on Oct. 3	You are absolutely wrong in opining that this position is some kind of `` flip-flop , '' something newly arrived at as a result of reading the opinion polls
+1	public opinion about Gen. Noriega is where it is in large measure because of my investigation of his years of involvement in narcotics smuggling ( and simultaneous work as a U.S. operative )	you may have forgotten
+6	It was during those hearings that the nation first learned the breadth and depth of Gen. Noriega 's criminality , and of his enduring relationships with a variety of U.S. government agencies	Those hearings highlighted how Gen. Noriega was able to use his relationships with these agencies to delay U.S. action against him , and to exploit the administration 's obsession with overthrowing the Sandinistas to protect his own drug-dealing
+10	to put Gen. Noriega on the shelf	Nicaragua was settled
+2	Our government did nothing regarding Gen. Noriega 's drug business and substantial criminal involvement	the first priority was the Contra war
+1	After years of hesitation , economic and political reform was embraced at the end of 1986	ringing declarations have yet to be translated into much action
+10	Mr. Chan , now 64 years old , invented a fountain pen he and his family produced from plastic waste	he marketed glue
+0	he was accused of conducting illegal business and possessing illegal materials	his operation was registered and used only scrap
+11	to change	Vietnam 's economic reforms gathered pace
+6	Things were supposed to change when Vietnam 's economic reforms gathered pace	for awhile they did
+6	Newspapers published articles about him	he was hailed as `` the tire king
+6	they lost	I won
+11	they lost for the second time	I showed it was from my own brain
+2	they lost for the second time	I showed it was from my own brain
+1	When I showed it was from my own brain , they lost for the second time	a few days later the police accused him of stealing electricity , acquiring rubber without permission and buying stolen property
+10	to leave	the house and contents were confiscated
+10	In 1988 district authorities allowed Mr. Chan to resume work	the sixth congress formally endorsed family-run private enterprise
+6	Come daybreak , eight family members and two other workers unroll a sheet of raw rubber that covers the floor of the house and spills out onto the street	The primitive operations burst out the back door into a small courtyard , where an ancient press squeezes rubber solution into a flat strip and newly made tires are cooled in a bathtub filled with water
+6	where an ancient press squeezes rubber solution into a flat strip	newly made tires are cooled in a bathtub filled with water
+1	Mr. Chan talks optimistically of expanding , maybe even moving into the import-export field	First he has unfinished business
+11	they released only one of his machines	district authorities allowed him to resume manufacturing
+6	They did n't return the rubber stocks that represent his capital	did they return his house and contents
+1	When district authorities allowed him to resume manufacturing , they released only one of his machines.They did n't return the rubber stocks that represent his capital.Nor did they return his house and contents , which he values at about $ 44,000	He wants to recover more than just his property
+11	Nguyen Ngoc seemed an obvious choice	the Vietnamese Writers Association was looking for a new editor to reform its weekly newspaper , Van Nghe
+2	He had lost his official position in the association in he early 1980s	he questioned the intrusion of politics into literature
+2	Circulation soared	the weekly went way beyond standard literary themes to cover Vietnamese society and its ills
+11	Circulation soared	the weekly went way beyond standard literary themes to cover Vietnamese society and its ills
+6	Another described how tax-collection officials in Thanh Hoa province one night stormed through homes and confiscated rice from starving villagers	The newspaper ran a series of controversial short stories by Nguyen Huy Thiep , a former history teacher
+11	only her friendship with party leaders , including Nguyen Van Linh , then Ho Chi Minh City party secretary , kept her out of jail	she rode over regulations
+6	Actually , 67-year-old Mrs. Thi is about as poor as almost everyone else in this impoverished land	She has turned Hochiminh City Food into a budding conglomerate , but the company itself remains state-owned
+1	She has indeed turned Hochiminh City Food into a budding conglomerate	the company itself remains state-owned
+6	Standard & Poor 's Corp. is reviewing debt issued by 12 California counties	there are potential isolated problems
+1	preliminary estimates suggest that losses should not have a significant impact on most insurers ' financial condition	it `` raises concerns about potentially substantial risks '' longer-term
+0	Western Digital Corp. reported a net loss of $ 2.7 million , or nine cents a share , for its first quarter ended Sept. 30 , citing factors as varied as hurricane damage , an advance in graphics technology and the strengthening dollar	he expects the company to be profitable in the current quarter
+1	millions of dollars in first-quarter revenue were lost	the plant itself was n't damaged
+6	Western Digital 's plant in Puerto Rico was affected by Hurricane Hugo , losing three days ' production because of the storm millions of dollars in first-quarter revenue were lost	the first-quarter loss heavily reflected a rapid change in graphics technology that left reseller channels with too many of the old computer graphics boards and too few new monitors compatible with the new graphics boards
+6	Western Digital has reacted swiftly to the movement to video graphics array , VGA , graphics technology from the old enhanced graphics adapter , EGA	Other makers of video controller equipment were caught in the EGA-VGA shift
+1	Other makers of video controller equipment also were caught in the EGA-VGA shift	we were able to respond much more quickly
+1	Other makers of video controller equipment also were caught in the EGA-VGA shift but we were able to respond much more quickly	our stock is grossly undervalued
+11	the company has cut operating expenses by about 10 % over the last few quarters	maintaining research and development at about 8 % to 9 % of sales
+2	Graphics , communications and peripheral control chips were combined	increasingly , multiple functions are being governed by a single chip
+2	Western Digital is strengthening development of laptop parts	smaller and more powerful computers continue to be the focus of the industry
+6	About half of Western Digital 's business is overseas	Mr. Johnson expects that proportion to continue
+2	Plans to dissolve many of the trade barriers within Europe in 1992 creates significant opportunities for the company	Western Digital already manufactures there
+1	Until now , BNL 's top managers and its directors have been appointed by a Treasury decree	under the bank 's proposed statutes , an assembly of shareholders must approve board members
+6	But under the bank 's proposed statutes , an assembly of shareholders must approve board members	In a related move , the bank proposed that board representation be linked more closely to the bank 's new shareholding structure
+6	Assets owned or managed rose 20 % to $ 45 billion	mutual fund sales rose 45 % in the quarter to $ 923 million
+11	Minpeco S.A. has proposed a deal to settle its huge claim against the troubled Texas oil men	the Hunt brothers ' personal bankruptcy cases sputter into their second year
+1	As the Hunt brothers ' personal bankruptcy cases sputter into their second year , Minpeco S.A. has proposed a deal to settle its huge claim against the troubled Texas oil men	the plan only threatens to heighten the tension and confusion already surrounding the cases that were filed in September 1988
+1	it is willing to settle for up to $ 65.7 million from each brother	the actual amount would probably be much less
+1	W. Herbert Hunt has agreed to the Peruvian mineral concern 's proposal	the proposal must be approved by federal Judge Harold C. Abramson
+1	Nelson Bunker Hunt is considering it	he wo n't do it if the proposal jeopardizes a tentative settlement he has reached with the Internal Revenue Service
+3	he wo n't do it	the proposal jeopardizes a tentative settlement he has reached with the Internal Revenue Service
+1	A similiar proposal has been made in the W. Herbert Hunt case	he and the IRS are at odds over the size of the non-dischargable debt he would have to pay to the government from future earnings
+3	a `` volcano '' of litigation	the Manufacturers Hanover Corp. unit attempts to force such a plan through the court
+3	it would n't pursue such litigation	its settlement plan in the W. Herbert Hunt case is approved by Judge Abramson
+1	Minpeco attorney Thomas Gorman decribed the plan as one step toward an overall settlement of the W. Herbert Hunt case	Hugh Ray , attorney for Manufacturers Hanover , called it `` silly '' and said he would fight it in court
+10	The purchase price will be established	Banc One has an opportunity to study the quality of the assets
+1	Individual investors pulled money from the stock market after its big drop last Friday and put the money into funds	Insitutional investors reacted to the steep decline in yields on direct money-market instruments following the stock-market decline last Friday
+6	At the auction of six-month U.S. Treasury bills on Monday , the average yield fell to 7.61 % from 7.82 %	certificates of deposit on average posted lower yields in the week ended Tuesday
+6	The 235 general-purpose funds increased $ 2.53 billion to $ 116.56 billion	96 broker-dealer funds increased $ 1.3 billion to $ 154.05 billion
+10	Speaking to reporters this week	Bank Bumiputra 's shareholders approved a rescue plan
+11	heavy lending to the property sector rocked the bank	property prices in Malaysia plummeted in 1984-85
+2	the bank could n't wait any longer for prices to recover and for borrowers to service their loans	the bank 's board decided to make 1.23 billion Malaysian dollars ( US $ 457 million ) in provisions for interest payments from loans previously recorded as revenue but never actually received by the bank , and to submit a bailout package to replenish the bank 's paid-up capital
+10	most of Bank Bumiputra 's nonperforming loans will have been fully provided for and the bank will be on track to report a pretax profit of between M $ 160 million and M $ 170 million for the fiscal year ending March 31	the plan is approved
+6	most of Bank Bumiputra 's nonperforming loans will have been fully provided for	the bank will be on track to report a pretax profit of between M $ 160 million and M $ 170 million for the fiscal year ending March 31
+3	For the previous financial year , the bank would have reported a pretax profit of M $ 168 million	it had n't made provisions for the nonperforming loans
+1	Malaysia 's Banking Secrecy Act prohibited the bank from identifying delinquent borrowers	public documents indicate 10 % or more of the bank 's provisions were made for foregone interest on a M $ 200 million loan to Malaysia 's dominant political party , the United Malays National Organization , to build its convention and headquarters complex in Kuala Lumpur
+10	At the end of the exercise , the cash injection from Petronas will increase the bank 's paid-up capital to M $ 1.15 billion	virtually being wiped out by the new provisions
+10	Ms. Ehman opened her mind to Democratic politics	the Supreme Court opened the door this year to new restrictions on abortion
+2	Ms. Ehman opened her mind to Democratic politics	the Supreme Court opened the door this year to new restrictions on abortion
+1	Polls bear out this warning	after a decade of increased Republican influence here , the new politics of abortion have contributed to a world turned upside down for Mr. Courter
+5	Republicans risk losing not only the governorship but also the assembly next month	he closes the gap
+1	New Jersey 's own highest court remains a liberal bulwark against major restrictions on abortion	the U.S. Supreme Court ruling , Webster vs.Missouri , has engaged voters across the nation who had been insulated from the issue
+6	A recent pro-choice rally in Trenton drew thousands	in a major reversal , Congress is defying a presidential veto and demanding that Medicaid abortions be permitted in cases of rape and incest
+3	you would n't be here	Webster had n't happened
+6	We could have shouted from the rooftops about Courter	no one would have heard us
+1	Abortion alone ca n't explain this shift	New Jersey is a model of how so personal an issue can become a baseline of sorts in judging a candidate
+6	By a 2-to-1 ratio , voters appear more at ease with Mr. Florio 's stance on abortion	polls indicate his lead widens when the candidates are specifically linked to the issue
+11	his lead widens	the candidates are specifically linked to the issue
+1	The Camden County congressman still carries himself with a trademark `` I'm-coming-down-your-throat '' intensity	at a pause in Newark 's Columbus Day parade recently , he was dancing with his wife in the middle of the avenue in the city 's old Italian-American ward
+10	he has prepared himself methodically for this moment , including deciding in recent years he could no longer support curbs on federal funding for Medicaid abortions	losing by fewer than 1,800 votes in the 1981 governor 's race
+4	how are you going to say an upscale woman who can drive to the hospital or clinic in a nice car has a constitutional right and someone who is not in great shape financially does not	you 're going to be consistent and say it is a constitutionally protected right
+1	The Camden County congressman still carries himself with a trademark `` I'm-coming-down-your-throat '' intensity	Mr. Courter seems a shadow of the confident hawk who defended Oliver North before national cameras at Iran-Contra hearings two years ago
+6	he erred by stating his `` personal '' opposition to abortion instead of assuring voters that he would n't impose his views on `` policy '' as governor	by stepping outside the state 's pro-choice tradition , Mr. Courter aggravates fears that he is too conservative as well on more pressing concerns such as auto insurance rates and the environment
+6	He hurt himself further this summer by bringing homosexual issues into the debate	by wavering on this issue and abortion , he has weakened his credibility in what is already a mean-spirited campaign on both sides
+1	Like many of his colleagues , he did n't serve in Vietnam in the 1960s	embraced a hawkish defense and foreign policy
+6	Jack Kemp and the writers Irving Kristol and George Gilder were influences	Mr. Courter 's own conservative credentials proved useful to the current New Jersey GOP governor , Thomas Kean , in the 1981 Republican primary here
+1	The same partnership is now crucial to Mr. Courter 's fortunes	the abortion issue is only a reminder of the gap between his record and that of the more moderate , pro-choice Gov . Kean
+1	Gov . Kean was approving increased income and sales taxes at home and overseeing a near doubling in the size of New Jersey 's budget in his eight years in office	the Warren County congressman pursued an anti-government , anti-tax agenda in Washington
+11	Gov . Kean was approving increased income and sales taxes at home and overseeing a near doubling in the size of New Jersey 's budget in his eight years in office	the Warren County congressman pursued an anti-government , anti-tax agenda in Washington
+1	Kean forces play down any differences with Mr. Courter	this history makes it harder for the conservative to run against government
+1	He is warm and polished before a Puerto Rican Congress in Asbury Park	minutes after promising to appoint Hispanics to high posts in state government , he is unable to say whether he has ever employed any in his congressional office
+10	Yet he is unable to say whether he has ever employed any in his congressional office	promising to appoint Hispanics to high posts in state government
+11	he recognizes a photograph of one of the founders and recalls time spent together in Camden	he is presented with a poster celebrating the organization 's 20th anniversary
+1	In the opinion of many , he has n't stopped running since	he declined a rematch with Gov . Kean in 1985
+1	Mr. Florio savors this vindication	at age 52 , the congressman is also a product of his times and losses
+6	Mr. Florio savors this vindication	but at age 52 , the congressman is a product of his times and losses
+6	Hard-hitting consultants match ads with Mr. Courter 's team	Mr. Florio retools himself as the lean , mean Democratic fighting machine of the 1990s
+5	he scraps an old reference to Ozzie and Harriet	and quotes the Grateful Dead
+1	The Democratic lawmaker fits a pattern of younger reformers arising out of old machines	his ties to Camden remain a sore point because of the county 's past corruption
+6	His campaign hierarchy is chosen from elsewhere in the state	faced with criticism of a sweetheart bank investment , he has so far blunted the issue by donating the bulk of his profits to his alma mater , Trenton State College
+0	Bill Wames Sr. , 72 , is Catholic too	I think the woman has the right to do with her body as she pleases
+3	ask my wife	you want more opinions
+10	The report was the brightest news the financial markets had seen	the stock market plunged more than 190 points last Friday
+6	The Dow Jones Industrial Average rallied on the news	Bond prices jumped
+2	Bond prices also jumped	traders appeared to read the data as a sign that interest rates may fall
+1	Bond prices also jumped as traders appeared to read the data as a sign that interest rates may fall	many economists were not nearly as jubilant
+6	The climb in wholesale energy prices is certain to push up retail energy prices in the next few months , they warned	They said the dollar is leveling off after a rise this summer that helped to reduce the prices of imported goods
+1	We 've had whopping declines in consumer energy prices in each of the past three months	at the wholesale level those are fully behind us now
+2	many analysts expected energy prices to rise at the consumer level too	wholesale energy prices shot up by a steep 6.5 % last month
+2	many analysts expected energy prices to rise at the consumer level too	many economists were expecting the consumer price index to increase significantly more than it did
+1	As a result , many economists were expecting the consumer price index to increase significantly more than it did	retail energy prices declined 0.9 % in September
+1	many expect some of the wholesale rise to be passed along to the consumer before the end of the year	analysts say competition will probably hold down increases in retail energy prices
+1	many expect some of the wholesale rise to be passed along to the consumer before the end of the year	some analysts insisted that the worst of the inflation is behind
+1	A run-up in world oil prices last winter sent consumer prices soaring at a 6.7 % annual rate in the first five months of this year	the subsequent decline in energy prices has pulled the annual rate back down to 4.4 %
+2	Back in 1987-88 , business was operating at fairly tight capacity	businesses felt they could raise prices
+1	The steep climb in producer prices reported last Friday fostered pessimism about lower interest rates and contributed to the stock market 's 6.9 % plunge that day	In the past several days the U.S. 's central bank has allowed a key interest rate to fall slightly to try to stabilize the markets
+2	Fed policy makers have been wary of relaxing credit too much	they were still uncertain about the level of inflation in the economy
+1	Excluding the volatile categories of energy and food -- leaving what some economists call the core inflation rate	consumer prices rose only 0.2 % in September
+6	Transportation costs actually fell 0.5 %	housing costs gained only 0.1 %
+1	Apparel prices rocketed up 1.7 %	that was after three months of declines
+11	They dropped 0.4 %	dealers continued to offer rebates to attract customers
+6	Consumer prices rose a surprisingly moderate 0.2 % in September , pushed up mostly by a jump in clothing costs , the Labor Department reported	the Labor Department reported that average weekly earnings rose 0.3 % in September , after adjusting for inflation , following a 0.7 % decline in August
+10	that average weekly earnings rose 0.3 % in September	adjusting for inflation , following a 0.7 % decline in August
+10	the ski industry is trying to give itself a lift	watching interest in the sport plummet for years
+2	Some have built health spas , business centers and shopping villages	visitors have more to do than ski
+6	Across the country , resorts are using everything from fireworks to classical-music concerts to attract new customers	this week , the industry 's efforts will go national for the first time when it unveils a $ 7 million advertising campaign
+11	And this week , the industry 's efforts will go national for the first time	it unveils a $ 7 million advertising campaign
+6	Competition and mounting insurance and equipment costs have been the undoing of many resorts	another big problem has been the aging of baby boomers
+6	Skiing , after all , has mainly been for the young and daring	many baby boomers have outgrown skiing or have too many family responsibilities to stick with the sport
+11	Ski school is great , '' cries out a tot , bundled in a snowsuit	he plows down a bunny slope
+1	Ski promotions have traditionally avoided the touchy issue of safety	the new commercials deal with it indirectly by showing a woman smiling as she tries to get up from a fall
+11	smiling	she tries to get up from a fall
+3	it 's okay	you fall
+3	you 'll wind up in a body cast	you slip
+1	normally , they only run ads hyping their own products and facilities	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
+6	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 are focusing more on the service side of their business
+2	many slopes are building nurseries , expanding ski schools and adding entertainment for kids	40 % of skiers are parents
+11	or take turns skiing	one spouse stayed with the children
+6	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	resorts are adding other amenities , such as pricey restaurants , health spas and vacation packages with a twist
+7	And resorts are adding other amenities , such as pricey restaurants , health spas and vacation packages with a twist	During Winter Carnival week visitors at Sunday River in Maine can take a hot-air balloon ride
+5	to do	ski and sit in the bar
+1	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	some think that 's being overly optimistic
+2	For one thing , it may be tough to attract people	skiing is still expensive
+6	a lift ticket can cost up to $ 35 a day	equipment prices are rising
+6	For one thing , it may be tough to attract people because skiing is still expensive : a lift ticket can cost up to $ 35 a day and equipment prices are rising	most vacationers still prefer a warm climate for their winter excursions
+3	I do n't know if { the industry } could handle that kind of an increase	they could bring in that many new skiers
+6	Most people will come on the weekend , the slopes will be overcrowded	then these { new skiers } wo n't come back
+10	Most people will come on the weekend , the slopes will be overcrowded	and these { new skiers } wo n't come back
+6	They did n't play the third game of the World Series on Tuesday night as scheduled	they did n't play it on Wednesday or Thursday either
+6	They did n't play the third game of the World Series on Tuesday night as scheduled , and they did n't play it on Wednesday or Thursday either	you knew that , did n't you
+6	that the stadium , damaged by Tuesday 's earthquake , will be repaired by then	that people will be able to get there
+1	Like just about everything else , that remains to be seen.Aftershocks could intervene	at least , the law of averages should have swung to the favorable side
+1	It may seem trivial to worry about the World Series amid the destruction to the Bay Area wrought by Tuesday 's quake	the name of this column is `` On Sports , '' so I feel obliged to do so
+2	but the name of this column is `` On Sports	I feel obliged to do so
+10	many people spontaneously arose and cheered	the tremor passed
+9	many people spontaneously arose and cheered	it had been a novel kind of pre-game show
+6	I thought You should n't have bothered	I 'm sure , others did
+2	I 'd slept through my only previous brush with natural disaster , a tornado 15 or so summers ago near Traverse City , Mich	I was unprepared for one reaction to such things : the urge to talk about them
+6	like I was on a station platform	a train went by
+6	that the disturbance would be brief	that ball would be played
+1	I was near the top of the stadium , and saw a steel girder bow six feet from where I sat	I stayed put for 10 or 15 minutes
+2	This is the World Series	I 'm not gon na wimp out
+1	Dictates of good sense to the contrary not withstanding , the general inclination was to believe that the disturbance would be brief and that ball would be played	Here in the Global Village folks do not stay uninformed for long
+1	Electrical power was out in still-daylighted Candlestick Park	battery-operated radios and television sets were plentiful
+1	the announcement cited the power outage	it later was revealed that there also had been damage of the sort reported by my friend
+10	the announcement , made over police bullhorns , cited the power outage	but it was revealed that there also had been damage of the sort reported by my friend
+6	the announcement cited the power outage	that there had been damage of the sort reported by my friend
+11	TV reporters interviewed fans in the parking lots	a few feet away , others watched the interviews on their portable TVs
+6	At my hotel , the Westin , power was out , some interior plaster had broken loose	there had been water damage , but little else
+1	I expected him to say , `` I told you so	he already was snoring
+6	My response was that sports rarely are important , only diverting	the quake merely highlighted that fact
+6	Flags fly at half-staff for the death of Bart Giamatti , the late baseball commissioner	now the Bay Bridge lies in ruins
+6	It now will be played mostly for the record , and should be wrapped up as quickly as possible , without `` off '' days	I will never again complain about a rainout
+1	The disarray in the junk-bond market that began last month with a credit crunch at Campeau Corp. has offered commercial banks a golden opportunity to play a greater role in financing billion-dollar takeovers	two big New York banks seem to have kicked those chances away , for the moment , with the embarrassing failure of Citicorp and Chase Manhattan Corp. to deliver $ 7.2 billion in bank financing for a leveraged buy-out of United Airlines parent UAL Corp
+1	it is natural for banks to try to expand beyond their bread-and-butter business of providing senior debt for buy-outs	the UAL collapse may tell you it 's not going to work that easily
+1	Mr. Checchi 's purchase of NWA was probably the most aggressive to date , '' with bank debt at 85 % of the purchase price	that Citicorp 's `` failure to deliver '' on its promise to raise the UAL bank debt for a labor-management buy-out group `` is very distressing to potential users of a ` highly-confident ' letter from commercial banks
+10	His client , Mr. Davis , used just such a letter from Citicorp in pursuing UAL	Citicorp agreed to work with a competing UAL buy-out group
+1	the falloff in junk bonds may yet open new business opportunities to banks in structuring takeovers	that banks will have `` to have enough discipline '' not to make loans that are too risky
+6	that banks will have `` to have enough discipline '' not to make loans that are too risky	that fees from syndicating loans to other banks dropped 48 % , to $ 21 million
+2	We did n't take part in a lot of deals	their credit quality was poor
+1	A Paramount spokesman says that decision was based on the financial , not political , drawbacks of junk bonds	some observers believe Paramount Chairman Martin Davis wanted to avoid the possible taint of being perceived as a corporate raider in his controversial bid for Time
+2	In the end , Mr. Davis used junk bonds	he could raise Paramount 's bid to $ 200 a share
+6	Mr. Checchi 's purchase of NWA was probably the most aggressive to date , '' with bank debt at 85 % of the purchase price that Citicorp 's `` failure to deliver '' on its promise to raise the UAL bank debt for a labor-management buy-out group `` is very distressing to potential users of a ` highly-confident ' letter from commercial banks	The success of the NWA financing , and the failure of the UAL deal seem to highlight the important new role in takeover financing being played by Japanese banks
+1	Japanese banks accounted for 50 % of the NWA bank debt , according to a report by Transportation Secretary Samuel Skinner	it was broad-scale rejection by Japanese banks that helped seal the fate of the attempt to buy UAL
+6	The junk bond market became very jittery	there 's a fear of a coming recession and the possible bankruptcy of LBO companies
+6	that the group , led by investor Malcolm I. Glazer , violated securities laws by failing to disclose plans to purchase 15 % of the company 's shares outstanding	that when the required Hart-Scott-Rodino filing eventually was made , it did n't disclose the group 's alleged earlier violation of the so-called prior-notice requirements of the law
+11	and that it did n't disclose the group 's alleged earlier violation of the so-called prior-notice requirements of the law	the required Hart-Scott-Rodino filing eventually was made
+1	Mr. Glazer could n't immediately be reached to comment	when Harley last week publicly questioned the legality of the group 's filing procedures , the Rochester , N.Y. , investor said `` we complied with every law , '' and he denied any wrongdoing
+10	But the Rochester , N.Y. , investor said `` we complied with every law , '' and he denied any wrongdoing	Harley last week publicly questioned the legality of the group 's filing procedures
+6	But the Rochester , N.Y. , investor said `` we complied with every law	he denied any wrongdoing
+6	The nation 's fourth-largest steelmaker earned $ 18.3 million , or 43 cents a share , compared with $ 61 million , or $ 1.70 a share , a year earlier , when the industry was enjoying peak demand and strong pricing	The earnings mark a significant drop from the second quarter 's $ 45.3 million or $ 1.25 a share
+6	The earnings also mark a significant drop from the second quarter 's $ 45.3 million or $ 1.25 a share	the earnings were well below analysts ' expectations of about $ 1.16 a share
+1	The company attributed the earnings drop to lower volume related to seasonal demand and the soft consumer durable market , especially in the automotive sector	the company also lost orders because of prolonged labor talks in the second quarter
+6	The company attributed the earnings drop to lower volume related to seasonal demand and the soft consumer durable market , especially in the automotive sector	However , the company lost orders because of prolonged labor talks in the second quarter
+6	higher prices for galvanized and cold-rolled products offset lower prices for bar , hot-rolled and structural steel	its integrated steel sector was hurt by higher raw material , repair and maintenance , and labor costs
+6	its integrated steel sector was also hurt by higher raw material , repair and maintenance , and labor costs	the company 's service center segment experienced much of the same demand and cost problems , as well as start-up costs associated with a coil processing facility in Chicago and an upgraded computer information system
+1	the company 's short-term outlook is `` clouded by uncertainties in the economy and financial markets	that steel mill bookings are up from early summer levels , and that he expects the company to improve its cost performance in the fourth quarter
+6	that steel mill bookings are up from early summer levels	that he expects the company to improve its cost performance in the fourth quarter
+11	the structures on which markets stand can be relatively inefficient and still perform their functions adequately	things are quiet ( low volatility )
+1	When things are quiet ( low volatility ) , the structures on which markets stand can be relatively inefficient and still perform their functions adequately	when powerful forces start shaking the market 's structure , the more `` earthquake-resistant '' it is , the better its chance for survival
+3	However the more `` earthquake-resistant '' it is , the better its chance for survival	powerful forces start shaking the market 's structure
+11	However the more `` earthquake-resistant '' it is , the better its chance for survival	powerful forces start shaking the market 's structure
+2	That structural lack is crucial	investors are the only source of market liquidity
+6	That structural lack is crucial because investors are the only source of market liquidity	liquidity is what markets need to damp quakes and aftershocks
+3	all market liquidity is gone	they halt trading
+11	all market liquidity is gone	they halt trading
+6	When they halt trading , all market liquidity is gone	when any component of the market -- cash , futures or options -- loses liquidity , the price discovery system ( the way prices are determined ) becomes flawed or is lost entirely for a time
+3	And the price discovery system ( the way prices are determined ) becomes flawed or is lost entirely for a time	any component of the market -- cash , futures or options -- loses liquidity
+10	seismic '' tremors of fear -- much like the shock waves created by an earthquake -- coursed through the market and increased the market 's volatility	that happened
+6	Panic frequently results in irrational behavior	in financial markets , irrational behavior is sometimes translated into catastrophe
+11	it is crucial that as much information about transaction prices and the supply-demand curve ( buy and sell orders at various prices ) be made available to all , not just to market makers	market tremors start
+3	it is crucial that as much information about transaction prices and the supply-demand curve ( buy and sell orders at various prices ) be made available to all , not just to market makers	market tremors start
+11	Because of a lack of information and access , many investors -- including the very ones whose buying power could restore stability and damp volatility -- are forced to stand on the sidelines	they are most needed , because of their ignorance of important market information
+2	Market makers buy what investors wish to sell ; their business is reselling these unwanted positions as quickly as possible to other investors , and at a profit	the market as a whole remains in the same circumstances it was before the transaction
+1	As a result the market as a whole remains in the same circumstances it was before the transaction	any one customer may purchase immediacy by selling to a market maker
+6	As a result the market as a whole remains in the same circumstances it was before the transaction	it can be argued that increasing capital commitments by market makers ( a result of some post-1987 crash studies ) also increases market volatility
+6	increasing capital commitments by market makers ( a result of some post-1987 crash studies )	that increasing capital commitments by market makers ( a result of some post-1987 crash studies ) increases market volatility
+2	that increasing capital commitments by market makers ( a result of some post-1987 crash studies ) also increases market volatility	the more securities are held by market makers at any given time , the more selling pressure is overhanging the market
+1	I 'm not certain	I am sure we need to maximize our `` earthquake '' protection by making certain that our market structures let investors add their mighty shock-damping power to our nation 's markets
+6	Some may have forgotten what it 's like to invest during a recession	some younger ones may never have experienced
+2	Different tactics are called for	losing money becomes easier and making money becomes tougher
+6	as losing money becomes easier	making money becomes tougher
+10	these defensive steps can be delayed	a recession is clearly at hand
+1	It 's tempting to think these defensive steps can be delayed until a recession is clearly at hand	that may not be possible , because recessions often take investors by surprise
+2	But that may not be possible	recessions often take investors by surprise
+11	they hit fast	they do hit
+1	Mr. Wyss advises people who do that `` the best thing to be in is long that is , 20-year to 30-year Treasury bonds	he himself does n't expect a recession soon
+2	They are worth more	they pay higher interest than newly issued bonds do
+1	That effect holds true for both short-term and long-term bonds	short-term bonds ca n't rise too much , because everyone knows they will be redeemed at a preset price fairly soon
+2	But short-term bonds ca n't rise too much	everyone knows they will be redeemed at a preset price fairly soon
+1	That effect holds true for both short-term and long-term bonds.But short-term bonds ca n't rise too much , because everyone knows they will be redeemed at a preset price fairly soon.Long-term bonds , with many years left before maturity , swing more widely in price	not just any bonds will do
+11	investors fret about whether companies will have enough money to pay their debts	times get tougher
+6	As times get tougher , investors fret about whether companies will have enough money to pay their debts	most corporate bonds are callable
+10	that a corporation can buy back its bonds by paying investors the face value ( plus , in some cases , a sweetener )	a specified amount of time has passed
+11	it makes sense for corporations to do just that	interest rates have dropped
+3	it makes sense for corporations to do just that	interest rates have dropped
+10	for corporations to do just that	they save on interest costs
+1	they then save on interest costs	the investors are left stranded with money to reinvest at a time when interest rates are puny
+3	junk bonds are likely to be the worst of all	corporate bonds are bad in recessions
+3	It 's an `` absolute necessity '' to get out of junk bonds	a recession is in the offing
+11	It 's an `` absolute necessity '' to get out of junk bonds	a recession is in the offing
+6	Municipal bonds are generally a bit safer than corporate bonds in a recession , but not as safe as bonds issued by the federal government	like corporates , many municipal bonds are callable
+1	Municipal bonds are generally a bit safer than corporate bonds in a recession , but not as safe as bonds issued by the federal government	a few experts , going against the consensus , do n't think bonds would help investors even if a recession is in the offing
+3	bonds would help investors	a recession is in the offing
+10	it 's going to be very hard to reverse	the downturn comes
+6	holding fewer stocks than usual	and shunning bonds
+2	he doubts that interest rates will fall much any time soon	he sees a `` 5 % to 6 % base rate of inflation in the economy
+5	Investors should be cautious , '' holding fewer stocks than usual and also shunning bonds	investors `` probably should be carrying a very high level of cash
+6	Instead , Mr. Beach says , investors `` probably should be carrying a very high level of cash	Greg Confair , president of Sigma Financial Inc. in Allentown , Pa recommends that investors go heavily for cash
+6	He believes that the task facing Fed Chairman Alan Greenspan is so difficult that it resembles `` juggling a double-bladed ax and a buzz saw	in a sense , that 's the kind of task individuals face in deciding what to do about stocks -- the mainstay of most serious investors ' portfolios
+6	For people who can ride out market waves through good times and bad , stocks have been rewarding long-term investments	because no one knows for sure just when a recession is coming , some analysts think investors should n't even worry too much about timing
+2	Moreover some analysts think investors should n't even worry too much about timing	no one knows for sure just when a recession is coming
+6	Frequent trading runs up high commission costs	the in-and-outer might miss the sudden spurts that account for much of the stock market 's gains over time
+1	that people who jump in and out of the stock market need to be right about 70 % of the time to beat a buy-and-hold strategy.Frequent trading runs up high commission costs.And the in-and-outer might miss the sudden spurts that account for much of the stock market 's gains over time	few investors are able to sit tight when they are convinced a recession is coming
+11	Still , few investors are able to sit tight	they are convinced a recession is coming
+6	According to Ned Davis , president of Ned Davis Research Inc. in Nokomis , Fla. , the average drop in the Dow Jones Industrial Average was about 21 %	the decrease began an average of six months before a recession officially started
+10	and the decrease began	a recession officially started
+6	By the time a recession is `` official '' ( two consecutive quarters of declining gross national product ) , much of the damage to stocks has already been done	in the typical case , the recession is already half over
+10	stocks typically begin to rise again	a recession ends
+2	About six months before a recession ends , stocks typically begin to rise again	investors anticipate a recovery
+1	The average recession lasts about a year	Unfortunately recessions vary enough in length so that the average ca n't reliably be used to guide investors in timing stock sales or purchases
+2	Unfortunately , though , recessions vary enough in length	the average ca n't reliably be used to guide investors in timing stock sales or purchases
+1	Unfortunately , though , recessions vary enough in length so that the average ca n't reliably be used to guide investors in timing stock sales or purchases	whatever their advice about timing , none of these experts recommend jettisoning stocks entirely during a recession
+1	In good times they lag a bit	overall they provide superior performance
+9	Low P-E '' stocks vastly outperform others `` during a recession or bear market . '' In good times they lag a bit	but they provide superior performance
+6	Prof.Arbel urges investors to discard stocks in small companies.Small-company shares typically fall more than big-company stocks in a recession , he says	in any case , he argues , stocks of small companies are `` almost as overpriced as they were Sept. 30 , 1987 , just before the crash
+7	And in any case stocks of small companies are `` almost as overpriced as they were Sept. 30 , 1987 , just before the crash	stocks of small companies are selling for about 19 times cash flow
+6	That ratio is dangerously close to the ratio of 19.7 that prevailed before the 1987 stock-market crash	it 's way above the ratio ( 7.5 times cash flow ) that bigger companies are selling for
+3	and take medicine	they 're sick
+3	there will be some great investment opportunities just when things seem the blackest	the recession does hit
+11	there will be some great investment opportunities	things seem the blackest
+2	Bond prices posted strong gains	investors went on a bargain hunt
+1	Bond prices posted strong gains as investors went on a bargain hunt	while the overall market improved , the new-issue junk-bond market continued to count casualties , even as junk-bond prices rose
+1	But the new-issue junk-bond market continued to count casualties	the overall market improved
+11	But the new-issue junk-bond market continued to count casualties	junk-bond prices rose
+6	it postponed a $ 220 million senior subordinated debenture offering by York International Corp	Donaldson , Lufkin & Jenrette Securities Corp. scrambled to restructure and improve the potential returns on a $ 475 million debenture offering by Chicago & North Western Acquisition Corp. that was still being negotiated late last night
+11	Salomon Brothers Inc. has delayed Grand Union Co. 's $ 1.16 billion junk-bond offering	it restructures the transaction
+6	Everything is going through firehoops right now	{ Chicago & North Western } is no exception
+2	the Chicago & North Western offering was restructured	several large insurance buyers right now are demanding equity as part of the package
+3	you want something extra	you 're going to take the risk in this market
+1	Mr. Baldwin likes the offering	they 're staying away from any junk security that is n't considered first rate for its class
+1	they do n't view it as the best	they consider the Chicago & North Western issue to be good
+11	that inflation is moderating	the economy slows
+1	The Labor Department reported that consumer prices rose just 0.2 % last month , slightly lower than some economists had expected	there were also rumors yesterday that several Japanese institutional investors were shifting their portfolios and buying long-term bonds while selling shorter-term Treasurys
+6	The Labor Department reported that consumer prices rose just 0.2 % last month , slightly lower than some economists had expected	But there were rumors yesterday that several Japanese institutional investors were shifting their portfolios and buying long-term bonds while selling shorter-term Treasurys
+11	and buying long-term bonds	selling shorter-term Treasurys
+1	with two-year notes posting slight declines	three-year notes were slightly higher
+1	The discount rate on three-month Treasury bills rose to 7.56 % from 7.51 % Wednesday	the rate on six-month bills rose to 7.57 % from 7.53 %
+11	Short-term rates rose yesterday	the Treasury sold $ 9.75 billion of 52-week bills yesterday
+1	Short-term rates rose yesterday	the Treasury sold $ 9.75 billion of 52-week bills yesterday
+2	Rates are determined by the difference between the purchase price and face value	higher bidding narrows the investor 's return while lower bidding widens it
+1	Thus , higher bidding narrows the investor 's return	lower bidding widens it
+1	The percentage rates are calculated on a 360-day year	the coupon-equivalent yield is based on a 365-day year
+10	Petrolane Gas Service 's 13 1/4 % debentures traded at 102	trading around par earlier this week
+6	Petrolane Gas Service 's 13 1/4 % debentures traded at 102 , after trading around par earlier this week	RJR 's 13 1/2 % subordinated debentures of 2001 were at 101 5/8 after trading at below par earlier this week
+10	and RJR 's 13 1/2 % subordinated debentures of 2001 were at 101 5/8	trading at below par earlier this week
+11	Activity was brisk in the high-grade general obligation market	a series of sell lists hit the Street and capped upward price movement in the sector
+1	According to market participants , the bonds were met with decent bids	the volume of paper left high grades in the 10-year and under maturity range unchanged to 0.05 percentage point higher in yield
+1	The debt of some California issuers pulled off lows reached after Tuesday 's massive earthquake	market participants remained cautious
+6	California expects to rely on federal emergency funds and its $ 1.06 billion in general fund reserves to meet the estimated $ 500 million to $ 1 billion in damages resulting from the quake , according to a state official	It 's unclear precisely how the state will rebuild its reserve
+1	It 's also unclear precisely how the state will rebuild its reserve	that a bond offering for that purpose is n't anticipated
+11	Activity was brisk in the high-grade general obligation market Away from the general obligation sector , activity was modest	new issuance was slow
+6	Activity was brisk in the high-grade general obligation market Away from the general obligation sector , activity was modest	new issuance was slow
+3	there could be fairly heavy prepayments on the premium securities	the refinancing plan clears Congress
+2	In the current-coupon sector , a shift in the Treasury yield curve resulting from the better performance of long-dated issues over short-dated securities hurt major coupons	it will become more difficult to structure new derivative securities offerings
+6	Ginnie Mae 9 % securities ended at 98 6/32 , up 9/32	Federal Home Loan Mortgage Corp. 9 % securities were at 97 10/32 , up 6/32
+11	The Ginnie Mae 9 % issue was yielding 9.42 % to a 12-year average life assumption	the spread above the Treasury 10-year note widened 0.03 percentage point to 1.48
+1	underwriters continued to crank out new real estate mortgage investment conduits structured when the yield curve was more favorable	Remic issuance may slow in the coming days because of the shift in the Treasury yield curve
+11	structured	the yield curve was more favorable
+11	British government bonds ended little changed	investors awaited an economic policy address last night by Chancellor of the Exchequer Nigel Lawson
+1	The Treasury 11 3/4 % bond due 2003/2007 was down 2/32 at 111 29/32 to yield 10.09 %	the 11 3/4 % notes due 1991 were unchanged at 98 19/32 to yield 12.94 %
+6	In Japan , the bellwether No . 111 4.6 % bond of 1998 ended off 0.03 at 95.72 , to yield 5.32 %	in West Germany , the 7 % benchmark issue due October 1999 ended 0.05 point lower at 99.85 to yield 7.02 %
+9	British Airways PLC , a crucial participant in the proposed buy-out of UAL Corp. , washed its hands of the current efforts to revive a bid for the parent of United Airlines	the British carrier said it currently has no plans to participate in any new offer for UAL
+6	it currently has no plans to participate in any new offer for UAL	British Air officially withdrew its support for the previous $ 300-a-share bid in a terse statement that said `` the original deal is closed
+10	Specifically , the British carrier said it currently has no plans to participate in any new offer for UAL	Company officials said that British Airways believes its involvement in the UAL buy-out ended last Friday
+6	its involvement in the UAL buy-out	which includes UAL 's management and pilot union
+1	it would n't at some point reconsider participating in any new bid for UAL	they plan to take `` no initiatives '' to resurrect the transaction , and `` are n't aware '' of any restructured bid in the making
+10	The transaction has had a series of setbacks with no signs or statements from the buy-out group to indicate that any progress has taken place	the financing problems became known last Friday
+1	The transaction has had a series of setbacks with no signs or statements from the buy-out group to indicate that any progress has taken place	in response to the British Air decision , United 's pilot union vowed to continue efforts to revive the buy-out
+1	In another setback yesterday , United 's machinist union asked the Treasury Department to investigate whether certain aspects of the original buy-out proposal violated tax laws	there was one bright spot yesterday
+1	The United flight-attendants union agreed to negotiations that could lead to the flight attendants contributing concessions to a revived bid in exchange for an ownership stake	without the assurance of British Airways ' financial backing , it will be tougher for the buy-out group to convince already-reluctant banks to make loan commitments for a revised bid
+2	Still , without the assurance of British Airways ' financial backing , it will be tougher for the buy-out group to convince already-reluctant banks to make loan commitments for a revised bid	British Air 's original investment represented 78 % of the cash equity contribution for the bid
+6	We 're in no way committed to a deal going through at all.We 're not rushing into anything.We do n't want to be party to a second rejection	British Air seemed to be distancing itself from the troubled transaction early in an effort to avoid any further embarrassment
+10	The original transaction fell through on the same day British Air shareholders approved the plan at a special meeting	the British succeeded in arranging the financing for its equity contribution
+6	Indeed , British Air seemed to be distancing itself from the troubled transaction early in an effort to avoid any further embarrassment	The carrier seemed eager to place blame on its American counterparts
+2	The { buy-out } consortium ceased to exist	our American partners were not capable of organizing the financing
+10	British Airways may have begun to have second thoughts about the transaction	the Transportation Department forced Northwest 's Airlines ' new owners to restructure the equity contribution of KLM Royal Dutch Airlines in that carrier
+6	The leaders expressed support for trying to revive the bid following a briefing Wednesday by the union 's advisers , Lazard Freres & Co. and Paul , Weiss , Rifkind Wharton & Garrison	They unanimously re-elected Mr. Dubinsky , the union chairman who has led the pilots ' 2 1/2-year fight to take control of the airline
+2	that it may take a while to come forward with a revised plan	they want to have firm bank commitments before launching a new bid
+10	to have firm bank commitments	launching a new bid
+10	The buy-out fell through	Citicorp and Chase Manhattan Corp. , the lead banks in the transaction , failed to obtain $ 7.2 billion in financing needed for the plan
+2	The buy-out fell through	Citicorp and Chase Manhattan Corp. , the lead banks in the transaction , failed to obtain $ 7.2 billion in financing needed for the plan
+6	Domestic wholesale sales rose 11.9 % from a year earlier	foreign sales jumped 17.3 %
+6	Sales of consumer goods rose 6.9 % in the same period	sales of intermediate goods were up 13.8 % from a year ago
+6	The plan was complete except for finishing touches	there was talk that it would be unveiled as early as yesterday
+1	The plan was complete except for finishing touches , and there was talk that it would be unveiled as early as yesterday	Senate Majority Leader George Mitchell ( D. , Maine ) , a vigorous opponent of the capital-gains tax cut , called the group to meet with him Wednesday night and again yesterday
+10	Sen. Mitchell urged them to desist	leaders of the dissident Democrats relented
+1	Having a proposal sponsored by Democrats would have given the president an advantage.Having only a Republican measure makes the task harder	Sen. Bob Packwood ( R. , Ore. ) , the lead sponsor of the Republican capital-gains amendment , predicted that the tax cut would be enacted this year
+6	a clear majority of senators back the tax reduction	that ultimately there would be enough senators to overcome any procedural hurdle the Democratic leadership might erect
+6	a clear majority of senators back the tax reduction	and that there would be enough senators to overcome any procedural hurdle the Democratic leadership might erect
+1	He said a clear majority of senators back the tax reduction and that ultimately there would be enough senators to overcome any procedural hurdle the Democratic leadership might erect	Sen. Mitchell , buoyed by his victory among fellow Democrats , strongly disagreed
+6	The president apparently will have only one bill to push , Sen. Packwood 's	at least some of the dissident Democrats plan to support it
+11	I may want to offer additional amendments to improve it	the bill comes to the floor
+10	The exclusion would rise five percentage points for each year the asset was held	it reached a maximum of 35 % after seven years
+5	individuals to exclude from income 5 % of the gain from the sale of a capital asset held for more than one year	taxpayers could chose to reduce their gains by an inflation index
+6	The Packwood plan would allow individuals to exclude from income 5 % of the gain from the sale of a capital asset held for more than one year	The Packwood plan would include a proposal that would create new tax benefits for individual retirement accounts
+6	In the latest nine months total coal sales rose to about 14.6 million tons from about 14.3 million tons a year earlier	long-term debt has been trimmed to about $ 72 million from $ 96 million since Jan. 1
+7	Even perks have been reduced	the chief executive himself now pays 20 % of the cost of his health benefits
+6	the ship is now righted , the bilges are pumped	we are on course
+1	the ship is now righted , the bilges are pumped and we are on course	that Westmoreland 's third quarter is typically better than the fourth
+2	that Westmoreland 's third quarter is typically better than the fourth	investors `` should n't just multiply the third quarter by four '' and assume the same rate of improvement can be sustained
+1	that the fourth quarter has significantly fewer workdays because of holidays and the hunting season	Mr. Hutchinson predicted that 1989 would be `` solidly profitable '' for Westmoreland and that 1990 would bring `` more of the same
+6	that 1989 would be `` solidly profitable '' for Westmoreland	that 1990 would bring `` more of the same
+1	Coal prices will grow modestly in real terms	not skyrocketing
+10	Chase Manhattan Corp has exercised its option to purchase the 50-story office tower	trying unsuccessfully to sell its interest in its lower Manhattan operations building
+6	Of that amount , $ 20 million was payment for the land underneath the building	the rest was for the building itself
+10	most of whom will be moved to downtown Brooklyn	the bank 's new back office center is completed in 1993
+10	As part of its decision to leave the building , Chase tried to sell its interest , along with the Atlas estate 's interest	the October 1987 stock market crash
+10	the bank decided to exercise its option	bids fell short of expectations
+6	Chase is vacating 1.1 million square feet of space	Salomon Brothers Inc. , whose headquarters is in the building , also plans to move shortly
+6	Chase is vacating 1.1 million square feet of space	and Salomon Brothers Inc plans to move shortly
+6	Chase is vacating 1.1 million square feet of space , and Salomon Brothers Inc. , whose headquarters is in the building , also plans to move shortly	another major building tenant , Thomson McKinnon Inc. 's Thomson McKinnon Securities , likely will vacate the premises as part of its liquidation
+6	Even with its striking views of the New York harbor , the building is considered antiquated by modern office standards	Chase will have to spend approximately $ 50 million to remove asbestos from the premises
+1	Wall Street has n't gotten that far yet	it has made a promising start
+11	a few euphemisms are deployed to simply make it disappear	something undeniably nasty happens
+3	a few euphemisms are deployed to simply make it disappear	something undeniably nasty happens
+9	a few euphemisms are deployed to simply make it disappear	a fresh grave may be covered by a blanket of flowers
+7	When something undeniably nasty happens , a few euphemisms are deployed to simply make it disappear , much as a fresh grave may be covered by a blanket of flowers	we 'll bet you thought that the stock market crashed two years ago
+1	that history would record the event as only `` a major technical correction	that if something walks like a duck and quacks like a duck , it is a duck
+3	that it is a duck	something walks like a duck and quacks like a duck
+1	These people used to be called brokers	apparently this word either is not grandiose enough or carries too many negative connotations from the aforementioned technical correction , when terrified customers could n't raise brokers on the phone
+5	The transmogrified brokers never let the C-word cross their lips	stressing such terms as `` safe , '' `` insured '' and `` guaranteed
+0	instead stressing such terms as `` safe , '' `` insured '' and `` guaranteed	these terms may be severely limited in their application to a particular new financial product
+6	What could imply more safety than investing in government bonds ? What could be better than getting a tad more income from them ( the plus ) than other people	conservative investors , many of them elderly , have poured more than $ 50 billion into such funds , which promise fatter yields than ordinary Treasury bonds
+10	Indeed , conservative investors , many of them elderly , have poured more than $ 50 billion into such funds	only to learn that these funds use part of their money to dabble in high-risk bond options , a gambler 's game
+3	look for Wall Street to give it a new moniker	a certain class of investment performs so poorly that its reputation is tarnished
+11	look for Wall Street to give it a new moniker	a certain class of investment performs so poorly that its reputation is tarnished
+1	In others a familiar old name still prevails	the underlying game has changed
+7	In others a familiar old name still prevails , but the underlying game has changed	no load '' mutual funds remain a favorite with investors because they do n't carry a frontend sales commission
+2	For example , `` no load '' mutual funds remain a favorite with investors	they do n't carry a frontend sales commission
+1	For example , `` no load '' mutual funds remain a favorite with investors	Getting out of them may be a different story now
+6	they imposed no other fees	many still do n't
+1	they imposed no other fees , and many still do n't	In recent years a passel of others flying the no-load flag have been imposing hefty charges -- all the way up to 6 % -- when an investor sells his shares
+11	In recent years , though , a passel of others flying the no-load flag have been imposing hefty charges -- all the way up to 6 %	an investor sells his shares
+1	The mutual-fund industry is debating the question	do n't expect a new name while the old one is working so well
+11	but do n't expect a new name	the old one is working so well
+6	The mutual-fund industry is debating the question , but do n't expect a new name while the old one is working so well	do n't expect anyone to change the term `` blue chip , '' either , even though some of the companies that still enjoy the title may be riskier investments than they were
+1	And do n't expect anyone to change the term `` blue chip , '' either	some of the companies that still enjoy the title may be riskier investments than they were
+1	American Telephone & Telegraph Co. , for one , is still a favorite of widows , orphans and trust departments	shorn of its regional telephone units and exposed to competition on every side , it is a far different investment prospect than it was before divestiture
+6	even though some of the companies that still enjoy the title may be riskier investments than they were	blue chips in general have suffered much more short-term price volatility in recent years
+11	to buy and sell big blocks	certain market conditions prevail
+6	For example , `` no load '' mutual funds remain a favorite with investors Getting out of them , however , may be a different story now And do n't expect anyone to change the term `` blue chip , '' either , even though some of the companies that still enjoy the title may be riskier investments than they were Also , blue chips in general have suffered much more short-term price volatility in recent years	even the time-honored strategy called `` value investing '' no longer means what it once did
+3	it would read something like this	the whole story were told
+10	to audit expenditures of old loans	new loans were made
+1	The banks will threaten not to make further loans	in truth , lacking the capital to write off their mistakes or to build a navy , they have no alternative but to go along
+6	Berkshire Hathaway earlier this year bought $ 600 million of preferred stock in Gillette that is convertible into an 11 % stake	Gillette said at the time that Mr. Buffett would be added to the board
+6	Gillette Co. elected Warren E. Buffett , chairman of Berkshire Hathaway Inc. , to its board	its third-quarter earnings rose 2 % to $ 65.2 million , or 57 cents a share , from $ 63.9 million , or 57 cents a share , in the year-earlier period
+2	per-share earnings remained flat despite an increase in net income	the company paid a $ 10.4 million dividend on the new preferred stock in the period
+10	Mr. Guber jumped at the chance	Walter Yetnikoff , the president of Sony Corp. 's CBS Records , last month told producer Peter Guber that Sony was about to make a $ 3.4 billion bid for Columbia Pictures and needed someone to run the studio
+6	Within two days , he was on his way to New York and Tokyo to meet with top brass at Sony	before the week was out , Sony had offered Mr. Guber and his partner , Jon Peters , the most lucrative employment contracts in the history of the movie business
+10	And Sony had offered Mr. Guber and his partner , Jon Peters , the most lucrative employment contracts in the history of the movie business	the week was out
+6	And before the week was out , Sony had offered Mr. Guber and his partner , Jon Peters , the most lucrative employment contracts in the history of the movie business	Not only that , Sony agreed to give them a stake in Columbia 's future profits and buy their company , Guber Peters Entertainment Co. , for $ 200 million , almost 40 % more than the market value of the company
+1	Just seven months earlier , they had signed a five-year exclusive contract to make movies for Warner Bros. for which they had just produced the smash hit `` Batman	Mr. Guber figured that Warner Communications Inc. chairman Steven Ross , would empathize and let the producers go , knowing the Sony offer was `` the culmination of a life 's work
+6	That two successful producers who are n't all that well known outside Hollywood could occasion such a clash of corporate titans suggests how desperate the quest for proven talent is in the movie business	they are a very odd team in any case
+1	And they are a very odd team in any case	they are far and away the most prolific producers in Hollywood
+6	Yet , they are far and away the most prolific producers in Hollywood	despite their share of duds , they make movies that make money
+1	rivals such as Warner , Paramount Pictures , Walt Disney Co. and Universal Studios have been thrashing Columbia at the box office	Columbia had a good summer with `` Ghostbusters II '' and `` When Harry Met Sally
+1	Mr. Guber and Mr. Peters are n't universally loved in Hollywood	they are well connected
+10	sniffing out hot properties , locking them up	and getting big studios to bankroll and distribute them
+7	Sometimes Mr. Guber and Mr. Peters do little more than grab the first draft of a screenplay for a `` Flashdance , '' or buy rights to a best seller such as `` The Color Purple . '' It falls to others to do the writing , directing and producing	With MGM/UA 's `` Rainman Messrs.Guber and Peters had virtually nothing to do with day-to-day production , but their names still appear in big letters on the credits , and they are inevitably associated with its success
+0	With MGM/UA 's `` Rainman , '' for instance , Messrs.Guber and Peters had virtually nothing to do with day-to-day production	their names still appear in big letters on the credits , and they are inevitably associated with its success
+6	but their names still appear in big letters on the credits	they are inevitably associated with its success
+6	On that film they 've been very much involved , hiring talent and discussing the development of the script	when you 're making a movie this big , you need all the help you can get
+3	And you need all the help you can get	you 're making a movie this big
+11	And you need all the help you can get	you 're making a movie this big
+6	On that film they 've been very much involved , hiring talent and discussing the development of the script.And when you 're making a movie this big , you need all the help you can get	some movies seem to have been hurt by their inattention
+1	We 've had a few bombs	by and large this company has only been profitable
+1	Longtime Hollywood associates describe Mr. Guber as the intellectual powerhouse of the two , a man with a flair for deal-making and marketing	Mr. Peters has fewer fans in Hollywood , and his detractors like to characterize him as something of a hot-tempered bully
+6	Mr. Peters , on the other hand , has fewer fans in Hollywood	his detractors like to characterize him as something of a hot-tempered bully
+6	He gets better reviews as a creative whiz , an enthusiast , an idea man	He had to fight harder for credibility than his partner did
+1	Thrice married but now single , Mr. Peters got plenty of ink last summer for an on-set romance with actress Kim Basinger during the making of `` Batman	Mr. Guber has been married to one woman for more than 20 years
+1	Thrice married but now single , Mr. Peters got plenty of ink last summer for an on-set romance with actress Kim Basinger during the making of `` Batman . '' Mr. Guber , by contrast , has been married to one woman for more than 20 years	for all their intellectual and stylistic differences , they make the perfect `` good cop , bad cop '' team
+11	Peter is the bright , sympathetic guy	you 're doing a deal
+3	Peter disappears , and all of a sudden Jon shows up	there 's a problem
+6	If there 's a problem , Peter disappears	all of a sudden Jon shows up
+10	who shepherded `` Flashdance '' through several scripts	and produced the movie
+2	Producers Don Simpson and Jerry Bruckheimer , who shepherded `` Flashdance '' through several scripts and ultimately produced the movie , bristle	Messrs.Guber and Peters take credit for the film
+11	Producers Don Simpson and Jerry Bruckheimer , who shepherded `` Flashdance '' through several scripts and ultimately produced the movie , bristle	Messrs.Guber and Peters take credit for the film
+11	they made him forfeit all credits and financial interest in the films he had helped develop , including `` Rainman '' and `` Batman	Roger Birnbaum , an executive who worked for Guber Peters in the early 1980s , left to take a job as head of production at the United Artists studio
+2	they made him forfeit all credits and financial interest in the films he had helped develop , including `` Rainman '' and `` Batman	Roger Birnbaum , an executive who worked for Guber Peters in the early 1980s , left to take a job as head of production at the United Artists studio
+1	I was upset with Roger , I fumpered and schmumpered	he wanted to pursue his own dream , and he went
+2	But he wanted to pursue his own dream	he went
+1	When Roger Birnbaum , an executive who worked for Guber Peters in the early 1980s , left to take a job as head of production at the United Artists studio , they made him forfeit all credits and financial interest in the films he had helped develop , including `` Rainman '' and `` Batman	Mr. Birnbaum says his relationship with Guber Peters was `` one of the most successful I 've had in Hollywood
+6	Jon is very impulsive	Peter is very compulsive
+1	Universal Studios was working on a competing film	the studio and its producers ultimately agreed to co-produce the film with Guber Peters and Warner
+10	Universal Studios was working on a competing film	but the studio and its producers agreed to co-produce the film with Guber Peters and Warner
+6	Universal Studios was working on a competing film	but the studio and its producers agreed to co-produce the film with Guber Peters and Warner
+1	Some of the money will go to the Chico Mendes Foundation	it is n't earmarked for groups trying to save the rain forest
+1	It 's hardly astonishing ( given the men 's track record ) that Sony wants Mr. Guber and Mr. Peters	it is puzzling to some Hollywood executives that Sony rushed to hire them without clearing up the Warner situation first
+1	that Sony might have saved itself some trouble by just hiring Mr. Guber and letting Mr. Peters stay on to fulfill the Warner contract	though `` people in town may ask why Guber needs Peters , it 's good to have a partner , and obviously the chemistry works
+1	But it 's good to have a partner , and obviously the chemistry works	people in town may ask why Guber needs Peters
+6	But it 's good to have a partner	obviously the chemistry works
+10	In 1980 , Mr. Guber got together with Mr. Peters , by then a successful producer in his own right	the death of Mr. Bogart
+1	their record was n't always so impressive	Guber Peters produced a number of hits for Warner and others
+6	Among their clinkers were `` The Legend of Billie Jean , '' `` VisionQuest , '' `` Clue '' and `` Clan of the Cave Bear	the failures make it possible for Warner in its current lawsuit to paint the producers as ingrates
+1	that executives at Warner have always known of their ambitions to run a major entertainment powerhouse	that Warner never felt threatened until they linked up with Sony
+10	but that Warner never felt threatened	they linked up with Sony
+1	They always listened	they never acted
+2	In July a year later , Warner agreed to release the producers from their old contract	Messrs.Guber , Peters and Sugarman made a $ 100 million offer to buy 25 % of MGM/UA
+10	In July a year later , Warner agreed to release the producers from their old contract	Messrs.Guber , Peters and Sugarman made a $ 100 million offer to buy 25 % of MGM/UA
+6	Mr. Guber and Mr. Peters planned to run the nearly dormant MGM studio	the two even tried to interest Warner Bros. ' President Terry Semel in becoming a partner after he advised them on the deal
+10	and the two even tried to interest Warner Bros. ' President Terry Semel in becoming a partner	he advised them on the deal
+1	Mr. Guber and Mr. Peters planned to run the nearly dormant MGM studio , and the two even tried to interest Warner Bros. ' President Terry Semel in becoming a partner after he advised them on the deal	the MGM plan collapsed just two weeks later
+10	But the MGM plan collapsed just two weeks later	Their relationship with Mr. Sugarman soured
+10	Last May , he sold his 24 % stake in Barris to a passive Australian investor	Barris was renamed Guber Peters Entertainment Co
+6	Last May , he sold his 24 % stake in Barris to a passive Australian investor	Barris was renamed Guber Peters Entertainment Co
+6	Last May , he sold his 24 % stake in Barris to a passive Australian investor and Barris was renamed Guber Peters Entertainment Co	Mr. Guber and Mr. Peters had agreed to extend their Warner agreement with the new five-year exclusive contract
+1	The new deal was considered the most generous of its kind , both financially and in terms of creative freedom	it paled by comparison to what Sony was to offer last month : the chance , at last , to run a major studio , about $ 50 million in deferred compensation , up to 10 % of Columbia 's future cash flow , 8 % of the future appreciation of Columbia 's market value , and annual salaries of $ 2.7 million for each
+6	to what Sony was to offer last month : the chance , at last , to run a major studio , about $ 50 million in deferred compensation , up to 10 % of Columbia 's future cash flow , 8 % of the future appreciation of Columbia 's market value , and annual salaries of $ 2.7 million for each	Sony agreed to indemnify the producers against any liability to Warner
+6	Sony is paying a hefty price for a company that had revenue of only $ 42 million last year	earnings have been erratic
+1	Mr. Guber and Mr. Peters claim they have an oral agreement with Warner executives that allows them to terminate their contract should the opportunity to run a major studio arise	in affidavits filed yesterday in the Los Angeles court , Mr. Ross , Warner Bros.Chairman Robert Daly and President Semel deny that such an oral agreement was ever made
+6	For one thing , according to Mr. Daly , the producers requested a release in advance	the old contract was about to expire , and the lineup of Guber Peters pictures for Warner was n't as strong as it is now
+6	Moreover , the old contract was about to expire	the lineup of Guber Peters pictures for Warner was n't as strong as it is now
+2	Warner itself was in negotiations with MGM over certain movie and other rights	it was `` in Warner 's interest to accommodate MGM/UA , Guber and Peters by permitting them to become MGM executives
+6	Warner itself was in negotiations with MGM over certain movie and other rights	it was `` in Warner 's interest to accommodate MGM/UA , Guber and Peters by permitting them to become MGM executives
+7	At the very least , Mr. Ross clearly sees an opportunity to use the two men to get a pound of flesh from Sony	During settlement talks Warner demanded such things as cable TV rights to Columbia movies and Columbia 's interest in the studio it jointly owns with Warner , according to executives involved in the talks
+10	in accepting the Sony offer	taking it up with Warner
+6	Mr. Guber and Mr. Peters refuse to concede that they may have made a tactical error in accepting the Sony offer before taking it up with Warner	they say there are plenty of precedents in Hollywood for letting people out of contracts
+10	The last time Columbia Pictures was looking for a studio chief Warner released producer David Puttnam from his contract	took him back after he was subsequently fired by his bosses at Columbia
+10	then took him back	he was subsequently fired by his bosses at Columbia
+3	no written contract in Hollywood will be worth the paper it 's written on	Sony succeeds here
+6	First , there 's the name : `` asset-backed securities . '' Better than all those offers you get to buy securities backed by nothing	there 's more
+8	The assets backing the securities come from some of the country 's biggest -- and most secure -- institutions.Most earn high ratings from credit agencies.Their yields are higher than those of U.S. Treasury issues	the booming market has already attracted many of the nation 's biggest institutional investors
+0	The concept may be simple	the simplicity may be misleading
+6	that asset-backed securities are only as good as the assets and credit backing that support them	those are hard to evaluate
+6	that asset-backed securities are only as good as the assets and credit backing that support them -- and those are hard to evaluate	the securities were introduced only about 4 1/2 years ago ; the biggest unknown is how they will fare in a recession
+6	They have sold issues backed by car loans , boat loans and recreational-vehicle loans.They have offered bundles of homeequity loans , as well as packages of loans used to buy vacation time-shares.Last year , there was an issue of `` death-backed bonds '' -- securities backed by loans to life-insurance policyholders.Some predict there will be `` Third World bonds , '' backed by loans to Brazil , Argentina and other debt-ridden nations	the biggest volume this year has been on securities backed by credit-card receivables , sometimes known as `` plastic bonds
+10	nothing will be left unhocked	the sun sets on the '80s
+1	Most issues have been sold to professional money managers , pension funds , bank trust departments and other institutions	wealthy individuals also have been jumping in , and lately brokers have been pushing smaller investors into the asset-backed market
+6	Most issues have been sold to professional money managers , pension funds , bank trust departments and other institutions	But wealthy individuals have been jumping in
+6	But wealthy individuals also have been jumping in	lately brokers have been pushing smaller investors into the asset-backed market
+11	The process typically begins	an institution , such as Citibank or Sears , Roebuck & Co. , takes a pool of credit-card or other receivables and sells them to a specially created trust
+3	The process typically begins	an institution , such as Citibank or Sears , Roebuck & Co. , takes a pool of credit-card or other receivables and sells them to a specially created trust
+10	when an institution , such as Citibank or Sears , Roebuck & Co. , takes a pool of credit-card or other receivables and sells them to a specially created trust	The trust issues securities -- generally due in five years or less -- that are underwritten by Wall Street brokerage firms and offered to investors
+2	Issues typically come with `` credit enhancements , '' such as a bank letter of credit	and have received high credit ratings
+11	the booming market has opened up a valuable new source of funds to issuers	providing a valuable new investment for individuals and institutions
+1	Asset-backed securities `` are an attractive investment compared to bank certificates of deposit or other corporate bonds	skeptics question whether asset-backed bonds offer sufficient rewards to compensate for the extra risks
+6	who buy bonds in large quantities	whose livelihood depends on outperforming the money manager across the street
+1	That kind of spread can be critical for money managers who buy bonds in large quantities and whose livelihood depends on outperforming the money manager across the street	for individuals who buy much smaller amounts and care less about relative performance than in preserving what they have , that margin is meaningless
+3	you 're in the bond business playing the relative-performance derby	even an extra 25 basis points ( 0.25 percentage point ) becomes an important consideration on a career basis
+1	If you 're in the bond business playing the relative-performance derby , then even an extra 25 basis points ( 0.25 percentage point ) becomes an important consideration on a career basis	if you 're an individual investing money and trying to get it back again , then that is n't of overwhelming importance
+3	you 're an individual investing money and trying to get it back again	But that is n't of overwhelming importance
+6	But for individuals who buy much smaller amounts and care less about relative performance than in preserving what they have , that margin is meaningless	the interest on asset-backed securities is fully taxable , while interest on Treasury issues is tax-free at the state and local level
+1	Moreover , the interest on asset-backed securities is fully taxable	interest on Treasury issues is tax-free at the state and local level
+1	That 's why some investment managers , such as Alex Powers , a vice president of Chase Manhattan Bank 's private banking division , do n't recommend most asset-backed issues for individuals in high-tax states , such as New York or California	Mr . Powers has purchased asset-backed issues for individuals with tax-deferred accounts , such as retirement plans
+10	to sell their holdings quickly	the securities mature
+2	You could see massive gyrations here	it 's such a thinly traded market
+6	The secondary , or resale , market for asset-backed securities is relatively new and much less active than for Treasury issues	an investor who wants to know the daily value of Treasury bonds , or corporate bonds traded on the New York Stock Exchange , can simply check newspaper listings
+7	Evaluating asset-backed securities poses another problem	Investors may mistakenly assume that the bank or company that originally held the assets is guaranteeing the securities
+9	that the certificates represent an interest only in the specially created trust and `` do not represent interests in or obligations of the banks , Citibank N.A. , Citicorp or any affiliate thereof	if there 's a problem , do n't expect Citibank to come to the rescue
+3	In other words do n't expect Citibank to come to the rescue	there 's a problem
+6	The front cover of the prospectus for the Citibank credit-card receivables offering points out in bold capital letters that the certificates represent an interest only in the specially created trust and `` do not represent interests in or obligations of the banks , Citibank N.A. , Citicorp or any affiliate thereof	The prospectus notes that the securities are not guaranteed by any government agency
+6	Evaluating asset-backed securities poses another problem	That is n't easy
+6	The letter of credit typically is not offered by the bank selling the assets to back the securities	does it cover the entire portfolio
+10	in winning top ratings for most asset-backed issues	which is why the yield above Treasurys is so slim
+1	Still , they play a crucial role in winning top ratings for most asset-backed issues -- which in turn is why the yield above Treasurys is so slim	skeptics ask why you should bother buying this stuff when you can get only slightly lower yields on government-guaranteed paper
+3	why you should bother buying this stuff	you can get only slightly lower yields on government-guaranteed paper
+11	why you should bother buying this stuff	you can get only slightly lower yields on government-guaranteed paper
+3	you take the risk that a bank or an insurer could run into unexpected difficulties	you buy an asset-backed issue
+11	you take the risk that a bank or an insurer could run into unexpected difficulties	you buy an asset-backed issue
+3	that could also affect the ratings , liquidity and prices of the asset-backed issues that the bank supports	a bank 's credit rating was lowered because of , say , its loans to Third World nations
+6	If a bank 's credit rating was lowered because of , say , its loans to Third World nations	that could affect the ratings , liquidity and prices of the asset-backed issues that the bank supports
+1	Underwriters insist these issues are constructed to withstand extremely tough economic conditions	despite the credit enhancements , despite the high ratings , some money managers still worry that a recession could wreak havoc on the underlying assets
+1	That could widen the yield spread between Treasurys and asset-backed securities , as well as make it tougher to unload the latter	it could be much worse
+6	For one thing , credit-card loans are unsecured	that banks have been overeager to issue cards to the public -- giving cards to too many big spenders who will default during a recession
+6	A day of reckoning is coming where we think the market will place a high premium on the highest-quality debt issues	therefore we think the best debt investment is U.S. government bonds
+2	A day of reckoning is coming where the market will place a high premium on the highest-quality debt issues	the best debt investment is U.S. government bonds
+6	All this makes asset-backed securities seem too risky for many people	it reminds Raymond F. DeVoe Jr. , a market strategist at Legg Mason Wood Walker Inc. , of what he calls `` DeVoe 's Unprovable but Highly Probable Theory No . 1
+3	it would probably be a one-word sentence : Diversify	YOU FORCE financial planners to sum up their most important advice in a single sentence
+7	By spreading their wealth among several investment alternatives , the respondents have protected themselves against squalls in any one area , be it stocks , bonds or real estate	about 88 % of Journal readers owned stock ( down slightly from 91 % in a similar poll last year ) .But only 17.5 % said they had more than half their money in the stock market
+1	For example , about 88 % of Journal readers owned stock ( down slightly from 91 % in a similar poll last year )	only 17.5 % said they had more than half their money in the stock market
+6	For example , about 88 % of Journal readers owned stock ( down slightly from 91 % in a similar poll last year ) .But only 17.5 % said they had more than half their money in the stock market	57 % of respondents own shares in a money-market mutual fund , and 33 % own municipal bonds.But only 6 % to 7 % of the investors were committing more than half their funds to either of those alternatives
+6	Similarly , 57 % of respondents own shares in a money-market mutual fund	33 % own municipal bonds
+1	Similarly , 57 % of respondents own shares in a money-market mutual fund , and 33 % own municipal bonds	only 6 % to 7 % of the investors were committing more than half their funds to either of those alternatives
+6	Judging by a poll of Wall Street Journal readers conducted this summer by Erdos & Morgan Inc. , serious investors have taken that advice to heart	The poll provides a glimpse into the thinking of serious investors on a variety of other topics
+6	Nearly half of the respondents ( 47 % ) said their investment portfolio was worth $ 250,000 or more	17 % said it was worth $ 1 million or more
+1	The respondents were mildly optimistic about the economy and investment markets	their collective judgments were a notch more sober than they were a year ago
+7	The respondents were mildly optimistic about the economy and investment markets , but their collective judgments were a notch more sober than they were a year ago	12 % of this year 's respondents said they expect a recession within 12 months.Last year , only 8 % were expecting a recession
+1	Apparently , the respondents do n't think that an economic slowdown would harm the major investment markets very much.A slim majority ( 51 % ) think stock prices will be higher in August 1990 than they were in August 1989 . Their verdict on real estate is almost the same.Some 50 % expect real estate in their local area to increase in value over the next 12 months	only 32 % expect an increase in the price of gold.Since gold tends to soar when inflation is high , that finding suggests that people believe inflation remains under control
+2	that finding suggests that people believe inflation remains under control	gold tends to soar when inflation is high
+11	Since gold tends to soar	inflation is high
+0	many respondents were taking a better-safe-than sorry investment stance	only 12 % actually predicted a recession
+3	or are `` unsure	a recession might come '' ( about 22 % )
+1	A buy-and-hold approach to stocks continues to be the rule among respondents	the lurking shadow of 1987 's stock-market crash still seems dark
+1	About 33 % considered another crash `` likely	about 63 % said one is `` unlikely
+6	About 33 % considered another crash `` likely , '' while about 63 % said one is `` unlikely . '' Those percentages hardly changed from the previous year 's poll	the respondents ' commitment to the stock market remains somewhat lighter than usual
+1	About 60 % of them said they would `` ordinarily '' have at least 25 % of their money in stocks	as of August , only 50 % actually had stock-market investments of that size
+6	it expects Valley National , of Phoenix , Ariz. , to make substantial further provisions against its real-estate portfolio	that it continues to suffer from the high cost of carrying nonperforming assets , and from high loan-loss provisions
+3	Any secret can be pirated	it is transmitted over the air
+3	Even rank amateurs can do it	they spend a few thousand dollars for a commercially available microwave receiver with amplifier and a VCR recorder
+0	most are n't yet taking precautions	electronic espionage may cost U.S. firms billions of dollars a year
+1	Even though electronic espionage may cost U.S. firms billions of dollars a year , most are n't yet taking precautions	European firms will spend $ 150 million this year on electronic security , and are expected to spend $ 1 billion by 1992
+1	Already many foreign firms , especially banks , have their own cryptographers	encrypting corporate communications is only a partial remedy
+6	the expected influx of East European refugees over the next few years will greatly increase the chances of computer-maintenance workers , for example , doubling as foreign spies	technology now exists for stealing corporate secrets after they 've been `` erased '' from a computer 's memory
+10	for stealing corporate secrets	they 've been `` erased '' from a computer 's memory
+1	that Oliver North of Iran-Contra notoriety thought he had erased his computer	that the information was later retrieved for congressional committees to read
+10	that Oliver North of Iran-Contra notoriety thought he had erased his computer	but that the information was retrieved for congressional committees to read
+1	Under Mr. Gorbachev , Mr. Goode said , the Soviets are openly stealing Western corporate communications.He cited the case of a Swiss oil trader who recently put out bids via telex for an oil tanker to pick up a cargo of crude in the Middle East.Among the responses the Swiss trader got was one from the Soviet national shipping company , which had n't been invited to submit a bid	The Soviets ' eavesdropping paid off because they got the contract
+2	The Soviets ' eavesdropping paid off , however	they got the contract
+3	to spend 25 million Canadian dollars ( $ 21.3 million ) over 10 years on research at Canadian universities	they are successful in acquiring the vaccine maker
+6	Ciba-Geigy and Chiron have made a joint bid of C $ 866 million for Connaught	Institut Merieux S.A. of France has made a rival bid of C $ 942 million
+3	that it would drop its opposition to foreign ownership	Ciba-Geigy and Chiron are successful with their lower bid
+6	Ciba-Geigy is a Swiss pharmaceutical company	Chiron is based in Emeryville , Calif
+1	The University is seeking an injunction against the Merieux bid , arguing that Connaught 's predecessor company agreed in 1972 that Connaught 's ownership would n't be transferred to foreigners	the French company is determined to acquire Connaught
+1	he said Merieux can transfer new products and technologies to Connaught more rapidly than other companies `` not currently producing and marketing vaccines { who } can only promise this for some . . . years in the future	he did n't comment directly on the pact between Ciba-Geigy and the university
+1	Microsoft soared 3 3/4 , or 4 % , to a record price of 84 1/4 on 1.2 million shares	Valley National tumbled 24 %
+10	On the other hand , Valley National tumbled 24 %	reporting a sizable third-quarter loss
+11	The OTC market 's largest stocks soared as well	the Nasdaq 100 Index jumped 10.01 , or 2 % , to 463.06
+1	The OTC market 's largest stocks soared as well , as the Nasdaq 100 Index jumped 10.01 , or 2 % , to 463.06.The Nasdaq Financial Index rose 5.04 , or 1.1 % , to 460.33	the Dow Jones Industrials and the New York Stock Exchange Composite each rose 1.5 %
+6	The Nasdaq industrial index climbed 8.17 to 458.52	the `` other finance '' index , made up of commercial banks and real estate and brokerage firms , rose 3.97 to 545.96
+1	Of the 4,346 issues that changed hands , 1,435 rose	629 fell
+1	both institutional and retail investors were buying	there was a dearth of sellers so buyers had to bid prices up to entice them
+2	But there was a dearth of sellers	buyers had to bid prices up to entice them
+10	he raised his fiscal 1990 estimate to between $ 3.80 and $ 4 a share	the earnings were announced
+6	Among other software issues , Autodesk jumped 1 1/4 to 42 , Lotus Development was unchanged at 32 1/2 , Novell jumped 7/8 to 30 3/4 , Ashton-Tate gained 1/4 to 10 5/8	Oracle Systems rose 3/4 to 25 3/4
+6	its $ 110 million provision for credit losses and $ 11 million provision for other real estate owned is related to weakness in the Arizona real estate market	it downgraded Valley National 's senior debt and confirmed the company 's commercial paper rating of `` not prime
+10	more than 2.2 million shares changed hands	trading began
+1	It was five in the afternoon	that was Pacific time
+2	Back in New York the work day was already over	I did n't have to feel guilty
+0	Back in New York the work day was already over , so I did n't have to feel guilty	I did feel self-indulgent
+6	Even still , I did feel self-indulgent	I could n't help remembering my father 's contempt for a rich medical colleague who would go to watch the Tigers on summer afternoons
+6	This ballpark , the Stick , was not a classic baseball stadium -- too symmetrical , too much bald concrete	it did n't have the crowded wild intimacy of Yankee Stadium
+1	This ballpark , the Stick , was not a classic baseball stadium -- too symmetrical , too much bald concrete.And it did n't have the crowded wild intimacy of Yankee Stadium	I liked the easy friendliness of the people around me , liked it that they 'd brought their children , found it charming that , true citizens of the state of the future , they had brought so many TVs and radios to stay in touch with electroreality at a live event
+11	Why not watch or hear your experience historicized	you were living it
+6	Players ran out on the field way below	the stands began to reverberate
+1	It must be a local custom stamping feet to stamping feet to welcome the team	then the noise turned into a roar
+10	and the stands began to reverberate	But the noise turned into a roar
+6	But then the noise turned into a roar	no one was shouting
+2	No one around me was saying anything	we all were busy riding a wave
+10	Only at the moment of maximum roll did I grasp what was going on	I remembered the quake of '71
+10	I reasoned that a ) I was in Southern California ; b ) the bed was moving ; c ) it must be a Magic Fingers bed that had short-circuited	the swaying of the building woke me up
+10	I reasoned that a ) I was in Southern California ; b ) the bed was moving ; c ) it must be a Magic Fingers bed that had short-circuited	I noticed the overhead light was swaying on its cord and realized what had happened
+1	Get out of the possibly collapsing building to the parking lot	the lot might split into crevasses , so I had better stand on my car , which probably was wider than the average crevasse
+2	But the lot might split into crevasses	I had better stand on my car , which probably was wider than the average crevasse
+10	Fortunately , the quake was over	I managed to run out and stand naked on the hood
+11	At the Stick I thought of that morning	the world shook
+6	At the Stick , while the world shook , I thought of that morning	then it struck me that this time was different
+10	At the Stick I thought of that morning	and it struck me that this time was different
+3	I would have achieved every journalist 's highest wish	I survived
+1	The real tragedies occurred elsewhere , as we soon found out	for a few minutes there , relief abounded
+1	The wall behind me was slightly deformed	the center had held
+6	A young mother found her boy , who had been out buying a hotdog.The wall behind me was slightly deformed , but the center had held	most of us waited for a while for the game to start
+10	And most of us waited for a while for the game to start	we began to file out
+11	In this way we kept up to date on events	the Stick itself was blacked out
+10	Increasingly accurate estimates of the severity of the quake became available	I got to my car
+6	Increasingly accurate estimates of the severity of the quake became available before I got to my car	by then , expensive automobile sound systems were keeping the gridlocked parking lot by the bay informed about the fire causing the big black plume of smoke we saw on the northern horizon
+11	Increasingly accurate estimates of the severity of the quake became available before I got to my car	And expensive automobile sound systems were keeping the gridlocked parking lot by the bay informed about the fire causing the big black plume of smoke we saw on the northern horizon
+1	Darkness fell	the broadcasts continued through the blacked-out night , with pictures of the sandwiched highway ganglion in Oakland and firefighting in the Marina district
+10	But the broadcasts continued through the blacked-out night , with pictures of the sandwiched highway ganglion in Oakland and firefighting in the Marina district	our little sand village of cars had been linked with a global village of listeners and viewers
+6	Everyone at the Stick that day had started out as a spectator and ended up as a participant	the entire population of the Bay Area had ended up with this dual role of actor and audience
+6	The reporters were victims	some of the victims turned into unofficial reporters
+11	and record the car in front	it fell into the gap in the roadway
+10	The tape was on tv	the night was out
+6	The plunge made Shearson 's market commentary instantly out of date	last Friday 's 190.58-point tumble in the stock market caught many people and businesses by surprise , not the least of them brokerage firms such as Shearson
+2	Shearson , a 62 % -owned unit of American Express Co. , did n't have enough time to update its market commentary	We decided to kill our strategy pieces
+6	that a red-faced Shearson must have been wildly bullish on stocks in its original commentary	that 's why it purged its pages
+1	The first thought some investors had was that a red-faced Shearson must have been wildly bullish on stocks in its original commentary , and that 's why it purged its pages	Mr. Rivkin insists that the 10 pages were n't pulled because they were too bullish
+2	that the 10 pages were n't pulled	they were too bullish
+5	because they were too bullish	they were cautious
+6	Instead they were cautious	that was n't the message we wanted to deliver '' on Monday
+6	We were raising some caution flags about rate rises in Europe and concerns about the LBO market	by late Friday afternoon , actually after the close , we decided that was the wrong tone to take
+1	Retail sales are plummeting	consumer prices still are rising
+3	A lengthy recession would drain state coffers and create severe hardships for urban workers	it materializes
+5	wages for most workers wo n't keep pace with inflation , creating a potential source of urban unrest	the government suddenly reverses course
+6	Industrial output surged 21 % in 1988	inflation peaked last February at nearly 30 %
+6	The economy 's slowdown is due only partly to the austerity program launched in September 1988 to cool an overheated economy and tame inflation	The slowdown results from chronic energy and raw-materials shortages that force many factories to restrict operations to two or three days a week
+1	In Western , market-driven countries , recessions often have a bright side	In China there is n't likely to be any silver lining
+2	In China , however , there is n't likely to be any silver lining	the economy remains guided primarily by the state
+5	to be any silver lining	China is likely to shell out ever-greater subsidies to its coddled state-run enterprises
+6	In China , however , there is n't likely to be any silver lining because the economy remains guided primarily by the state	are any of these inefficient monoliths likely to be allowed to go bankrupt
+1	Nor are any of these inefficient monoliths likely to be allowed to go bankrupt	the brunt of the slowdown will be felt in the fast-growing private and semi-private `` township '' enterprises
+2	which have fallen into disfavor	China 's leaders re-emphasize an orthodox Marxist preference for public ownership
+11	which have fallen into disfavor	China 's leaders re-emphasize an orthodox Marxist preference for public ownership
+3	China penalizes the efficient and rewards the incompetent	the going gets rough
+11	China penalizes the efficient and rewards the incompetent	the going gets rough
+11	Reports of an economy near recession come	officials prepare a major Communist Party plenum for sometime in the next few weeks
+1	The meeting is expected to call for heightened austerity for two years	with industrial growth stagnant and inflation showing signs of easing , some voices may call for measures to pump new life into the economy
+3	to bring the economy to a collapse	unchecked
+1	One sign of a possible easing of credit policy was the decision this week of People 's Bank of China , the central bank , to allocate $ 5.4 billion in short-term loans to pay farmers for the autumn harvest	while pumping more money into the economy would bring relief to many industries , it also runs the risk of triggering another period of runaway growth and steep inflation
+1	But it also runs the risk of triggering another period of runaway growth and steep inflation	pumping more money into the economy would bring relief to many industries
+6	But while pumping more money into the economy would bring relief to many industries	it runs the risk of triggering another period of runaway growth and steep inflation
+10	The cycle has been repeated several times	China began reforming its planned economy in 1979
+6	The cycle has been repeated several times since China began reforming its planned economy in 1979	because China 's leaders have abandoned plans to drastically reform the economy , it is likely to continue , analysts say
+2	And it is likely to continue	China 's leaders have abandoned plans to drastically reform the economy
+2	that state banks extend more credit to shopkeepers	they can purchase manufacturers ' goods
+5	This will prevent a slide in industrial production	which will cause new panic buyings
+6	The 1986 tax overhaul , the biggest achievement of President Reagan 's second term , is beginning to fall apart	interest groups are lining up for tax goodies all over Capitol Hill
+6	Big auction houses want to make collectibles eligible for lower capital-gains taxes	heavy-industry lobbyists are quietly discussing the possibility of reinstating the investment tax credit
+6	to expand the deduction for individual retirement accounts	and to bring back income averaging for farmers , a tax preference that allows income to be spread out over several years
+6	The Senate Finance Committee voted to expand the deduction for individual retirement accounts , and also to bring back income averaging for farmers , a tax preference that allows income to be spread out over several years	As part of the same bill , the finance panel voted in favor of billions of dollars in narrow tax breaks for individuals and corporations , in what committee member Sen. David Pryor ( D. , Ark . ) calls a `` feeding frenzy '' of special-interest legislating
+1	To be sure , the full Senate , facing a fast-approaching budget deadline , last Friday stripped away all of the tax breaks that were contained in the Finance Committee bill	lawmakers of both parties agree that the streamlining was temporary
+6	It 's a Swiss-cheese factory	the cheese smells pretty good
+7	In reaction to proposed capital-gains legislation , groups are lobbying to make sure they are n't left off the gravy train	Real-estate interests are protesting an omission in President Bush 's capital-gains proposal
+3	they certainly want to be part of it	there is going to be a tax scheme that contemplates lower treatment of capital gains
+1	In the House-passed tax bill , Mr. Thevenot got his wish	Sotheby 's , Christie 's and the National Association of Antique Dealers are still trying to get theirs
+6	real-estate assets are included in the capital-gains provision	that gains from the sale of collectibles be given preferential treatment
+6	Two of the major ways that tax-writers managed to attain these ends were to scrap the preferential treatment of capital gains and to curtail the use of paper losses , also known as passive losses , that made many tax shelters possible	Many other tax benefits were swept away
+6	They wanted reform	they got a revolution
+10	instead of flying to San Francisco for a fund-raiser	and to his hometown of Chicago for the 30th reunion of St. Ignatius High School
+1	I 'm too old to waste a weekend	that 's what I did
+0	Load factor , or percentage of seats filled , climbed to 67.1 % from 66.6 %	the number of flights rose 6.9 % to 215,845 in the first-three quarters
+3	he throws his heart instead	the champ has lost his stuff
+11	he throws his heart instead	the champ has lost his stuff
+3	he throws his heart instead	he can no longer throw the high hard one
+11	he throws his heart instead	he can no longer throw the high hard one
+5	when he can no longer throw the high hard one	he throws his heart
+3	well , at the end , neither did Chandler	it does not quite have Chandler 's special magic
+11	a newly wed Marlowe roars into the desert resort of Poodle ( a.k.a.Palm ) Springs at the wheel of a Cadillac Fleetwood	the book begins
+1	Philip and Linda move into her mansion and ca n't keep their hands off each other , even in front of the Hawaiian/Japanese houseman	the lovebirds have a conflict
+1	He wants to continue being a low-paid private eye	she wants him to live off the million dollars she 's settled on him
+6	The supporting lineup is solid , the patter is amusing	there 's even a cameo by Bernie Ohls , the `` good cop '' of previous Chandler books who still does n't hesitate to have Marlowe jailed when it suits his purposes
+3	to have Marlowe jailed	it suits his purposes
+11	to have Marlowe jailed	it suits his purposes
+1	Mr. Parker does a better job of making a novel out of this abandoned fragment than anyone might have had a right to expect	there are grounds for complaint
+6	At one point , the reader is two steps ahead of Marlowe in catching on to a double identity scam	Marlowe is supposed to be the pro
+1	Japan has been a major importer of foreign information and news	one gets fed up with importing information and news
+10	taking their first steps into American publishing	making major investments in entertainment , real estate and banking companies here
+6	Japanese concerns have retained a number of publishing consultants and media brokers to study the U.S. market , including the New York-based investment banker Veronis , Suhler & Associates	they are quietly linking up with U.S. publishing trade groups
+1	observers do n't rule out a transaction of that size	there are n't any major deals in the works currently on the scale of Sony Corp. 's recent $ 3.4 billion agreement to buy Columbia Pictures Entertainment Inc
+1	It may not be weeks or months	they are also opportunistic and if they feel comfortable , they will move on a deal
+6	The Japanese take the long view	but they are opportunistic
+3	and they will move on a deal	they feel comfortable
+11	it appealed to a more multinational audience	Keizaikai launched Business Tokyo in 1987
+10	The Japanese are in the early stage right now	they were interested in hard assets and they saw magazines as soft
+6	Before , they were interested in hard assets	they saw magazines as soft
+1	Bell Atlantic Corp. and Southern New England Telecommunications posted strong profit gains for the third quarter	Nynex Corp. , Pacific Telesis Group and U S West Inc. reported earnings declines for the period
+9	New telephone lines posted healthy growth	they increased 2.8 % to 12.1 million
+6	Revenue was reduced $ 33 million by three extraordinary items : a California Public Utilities Commission refund for an American Telephone & Telegraph Co. billing adjustment ; a provision for productivity sharing to be paid to customers in 1990 and a one-time accrual for a toll settlement with long-distance telephone companies	The company was hurt by a $ 289 million rate reduction that went into effect in 1989
+6	toll calls increased 9.6 % to 807 million	minutes of telephone usage increased to 9.9 billion
+2	third-quarter net income plunged 39 % to $ 336 million , or 65 cents a share	gasoline refining and marketing profits lagged substantially behind last year 's record level
+10	third-quarter net income plunged 39 % to $ 336 million , or 65 cents a share	gasoline refining and marketing profits lagged substantially behind last year 's record level
+1	Amoco completed an environmental analysis last quarter	that no single clean-up project was responsible
+6	Generally in the quarter , overproduction of gasoline and higher crude oil prices pressured profitability	The industry 's chemical profits declined because excess capacity has depressed prices
+2	The industry 's chemical profits also declined	excess capacity has depressed prices
+1	Gasoline margins may rebound this quarter	chemical margins could worsen
+6	Amoco 's domestic oil and natural gas operations recorded a profit of $ 104 million in the quarter compared with a loss of $ 5 million , `` primarily on the strength of higher crude oil prices	Amoco sharply boosted natural-gas output , part of it from properties acquired from Tenneco Inc. last year
+1	Amoco 's domestic oil and natural gas operations recorded a profit of $ 104 million in the quarter compared with a loss of $ 5 million , `` primarily on the strength of higher crude oil prices , '' said Chairman Richard M. Morrow.Amoco also sharply boosted natural-gas output , part of it from properties acquired from Tenneco Inc. last year	foreign exploration and production earnings fell sharply , to $ 12 million from $ 95 million
+1	For the nine months , Amoco said that net income fell to $ 1.29 billion from $ 1.69 billion	if unusual items are excluded , operations produced essentially flat results
+3	but operations produced essentially flat results	unusual items are excluded
+3	a price war will erupt	cash-strapped companies such as Campeau Corp. slash tags to spur sales
+6	Many retailers fear a price war will erupt if cash-strapped companies such as Campeau Corp. slash tags to spur sales	Concerns about the stock market , doubts about the economy in general and rising competition from catalog companies haunt store operators
+3	the outlook for industry profits is n't good	there is n't any widespread discounting
+6	B.A.T Industries PLC 's healthy Saks Fifth Avenue and Marshall Field 's chains are on the auction block	Campeau 's Bloomingdale 's is on the block
+1	Economists expect general merchandise sales in the fourth quarter to rise 4.5 % to 6 % from year-ago figures	Mr. Steidtmann predicts that healthy stores hawking mostly apparel could ring up gains of as much as 25 % to 30 %
+11	Troubled chains could see their sales drop as much as 8 %	managers distracted by fears about the future allow their stores to get sloppy
+6	Troubled chains could see their sales drop as much as 8 % as managers distracted by fears about the future allow their stores to get sloppy	Thin merchandise selections at the most troubled chains are expected to hurt sales
+2	Traditionally , consumers were concerned about ordering after the first of December	they did n't believe they would get it by Christmas
+1	He 's not predicting a blockbuster	he is `` more optimistic than three months ago '' because employment remains strong and inflation low
+2	but he is `` more optimistic than three months ago	employment remains strong and inflation low
+6	K mart Corp. Chairman Joseph E. Antonini summed up his outlook for the Christmas season as `` not troublesome	Other retailers are preparing for a ho-hum holiday
+1	It is n't a real boom holiday season in our eyes	it is n't going to be a bust either
+6	It is n't a real boom holiday season in our eyes , '' says Woolworth Corp. Chairman Harold E. Sells , `` but it is n't going to be a bust either	A consumer poll conducted in early September by Leo J. Shapiro & Associates , a market researcher based in Chicago suggests a modest holiday
+1	Of the 450 survey respondents , 35 % said they expect to spend less buying Christmas gifts this year than last year	28 % said they expect to spend more and 37 % said their gift budget would stay the same
+6	Of the 450 survey respondents , 35 % said they expect to spend less buying Christmas gifts this year than last year	28 % said they expect to spend more and 37 % said their gift budget would stay the same
+6	while 28 % said they expect to spend more	37 % said their gift budget would stay the same
+1	Retailers could get a boost this year from the calendar.Christmas falls on a Monday , creating a big last-minute weekend opportunity for stores	many consumers probably will use the extra time to put off some purchasing until the last minute
+11	What you 'll hear is that sales are sluggish	we get into December
+11	or left Spain	Franco triumphed
+11	no doubt earning with his war wound some forbearance	he went on to depict a country with a high population of vagabonds , murderers and rural idiots trudging aimlessly through a dried-out land
+1	no doubt earning with his war wound some forbearance when he went on to depict a country with a high population of vagabonds , murderers and rural idiots trudging aimlessly through a dried-out land	it was in Argentine editions that his countrymen first read his story of Pascal Duarte , a field worker who stabbed his mother to death and has no regrets as he awaits his end in a prison cell
+11	and has no regrets	he awaits his end in a prison cell
+6	I 've submitted the manuscript of my novel under the title ` Teresa de Cepeda	in it I 've treated a few neglected aspects of that eternal problem which
+4	Will you pour me a drop of water	you do n't mind
+6	I 've revised it several times	I think I may say with pride that there is not a single discordant word in the whole text
+1	I do n't know the quality of the works my colleagues have sent in	in any case I feel confident that good sense and honest judgment
+3	It does not matter	one is defeated
+10	will he be able to deliver a credible message in the wake of the Panamanian fiasco	President Bush arrives here next week for a hemispheric summit organized to commemorate a century of Costa Rican democracy
+1	to pay lip service to nonintervention	they privately encourage more assertive U.S. action to remove Gen. Manuel Noriega and safeguard their countries from a Sandinista onslaught
+1	Faced with this embarrassment , U.S. diplomats expressed confidence that the influential Rio Group of South American nations , which gathered last week in Peru , would take a stronger posture toward the Panamanian dictator	other than a few slaps on the wrist , Gen. Noriega went unpunished by that body , too
+1	The host , Costa Rican President Oscar Arias , did not invite Chile , Cuba , Panama or Haiti to the summit , which was to be restricted to democracies	Mr. Ortega was included
+0	Formally upgrading the Sandinistas to a democratic status	the Bush administration agreed to the dubious arrangement in July
+1	According to officials in Washington , the State Department hoped that by pleasing President Arias , it would gain his support to postpone any decision on the Contras until after Mr. Ortega 's promises of democratic elections were tested next February	relying on an ardent critic of the Reagan administration and the Contra movement for help in delaying the disarming of the Contras was risky business
+6	However , relying on an ardent critic of the Reagan administration and the Contra movement for help in delaying the disarming of the Contras was risky business	even some last-minute phone calls that Mr. Bush made ( at the behest of some conservative U.S. senators ) to enlist backing for the U.S. position failed to stop the march of Mr. Arias 's agenda
+6	In Honduras he promised to help unblock some $ 70 million in assistance withheld due to the failure of local agencies to comply with conditions agreed upon with Washington	Aid was the gist of the talks Sen. Dodd had with Salvadoran President Alfredo Cristiani
+2	Prior to this episode , Sen. Christopher Dodd ( D. , Conn. ) undertook a personal diplomatic mission through Central America to promote an early disbanding of the rebels	It was not surprising that close allies of the U.S. ordered the Nicaraguan insurgents dismantled by December , long before the elections
+3	The U.S.S.R. would prolong a suspension of arms shipments to Nicaragua after the February election	the U.S. did likewise with its allies in Central America
+6	There , Mr. Shevardnadze felt legitimized to unveil his own peace plan : The U.S.S.R. would prolong a suspension of arms shipments to Nicaragua after the February election if the U.S. did likewise with its allies in Central America	He called on Nicaragua 's neighbors to accept a `` military equilibrium '' guaranteed by both superpowers
+2	speculations arose that the Bush administration was seeking an accommodation with the Soviets in Central America	Mr. Shevardnadze 's proposals followed discussions with Mr. Baker
+6	which declared a false symmetry between Soviet military aid to the Sandinista dictatorship	that provided by Washington to freely elected governments
+6	This scheme would fit the Arias Plan	it is also likely to encourage those on Capitol Hill asking for cuts in the assistance to El Salvador if President Cristiani does not bend to demands of the Marxist guerrillas
+6	This scheme would fit the Arias Plan	Furthermore , it is likely to encourage those on Capitol Hill asking for cuts in the assistance to El Salvador if President Cristiani does not bend to demands of the Marxist guerrillas
+3	Furthermore , it is also likely to encourage those on Capitol Hill asking for cuts in the assistance to El Salvador	President Cristiani does not bend to demands of the Marxist guerrillas
+11	A few months ago , the Bush administration decided to stop this cooperation , leaving Radio Costa Rica operating on a shoestring	Russia gave Nicaragua another powerful radio transmitter
+3	about what would happen	his much-heralded peace plan would fail
+3	that the U.S. will come to its defense	their country is militarily attacked by either Nicaragua or Panama
+1	A poll conducted in July by a Gallup affiliate showed that 64 % of Costa Ricans believe that if their country is militarily attacked by either Nicaragua or Panama , the U.S. will come to its defense	in the light of events in Panama , where the U.S. has such clear strategic interests , waiting for the Delta Force may prove to be a dangerous gambit
+6	Holiday Corp. said net income jumped 89 % , partly on the strength of record operating income in its gaming division	the hotel and gambling giant said it was proceeding with plans to make a tender offer and solicit consents with respect to approximately $ 1.4 billion of its publicly traded debt
+11	it would retire or assume	it agreed to buy the Holiday Inn business in August
+6	The debt issues involved and the proposed consent fees and cash tender offer prices ( expressed per $ 1,000 of principal amount ) are as follows : 10 1/2 % senior notes due 1994 at 101 % ; 11 % subordinated debt due 1999 at 102 % ; 9 3/8 % notes due 1993 at 100 % ; and 8 3/8 % notes due 1996 at 95.25 %	its 15 % notes due 1992 will be included in the tender offer and consent solicitation at a price to be determined by Holiday prior to the commencement of the offer
+1	MCA and Paramount may have similar ambitions	such a venture would n't match the `` fourth network '' created by News Corp. 's Fox Broadcasting Co
+6	Fox provides programs three nights a week to those and other affiliates	which owns six TV stations
+6	MCA owns WWOR in New York	Paramount last month agreed to purchase a 79 % stake in the TVX Broadcast Group from Salomon Inc. in a deal valued at $ 140 million
+2	the co-venture would target stations affiliated with Fox	Fox has the desirable independent stations in most of the key cities
+1	Currently , Fox supplies programs on Saturdays , Sundays and Mondays	the company plans to expand to other weeknights
+6	it plans to offer its stations movies , theatrical and made-for-TV ventures , probably on Wednesdays , sometime next year	It is planning another night of original series
+6	Paramount and MCA , according to the broadcasting executive , plan to offer theatrical movies produced separately by Paramount and MCA for Wednesdays and perhaps a block of original shows Fridays	Paramount and MCA have held discussions with Chris-Craft Industries ' broadcasting unit
+1	BanPonce caters to a more affluent customer	Banco Popular has always had a large presence among middle-income and lower-income markets
+6	BanPonce caters to a more affluent customer , while Banco Popular has always had a large presence among middle-income and lower-income markets	The merger should allow the companies to reduce costs by combining operations in many locations in Puerto Rico
+6	third-quarter earnings tumbled 43 %	full-year earnings will trail last year 's results
+1	In announcing a 1989 capital spending plan of $ 950 million early this year , Caterpillar said full-year earnings would be flat compared with last year 's $ 616 million , or $ 6.07 a share	yesterday , the company said this year 's profit will be lower
+6	But yesterday , the company said this year 's profit will be lower	Caterpillar said it will indefinitely lay off about 325 workers in the Peoria area and temporarily shut its plant in York , Pa. , for two weeks in both November and December
+10	it may make more equity purchases depending on market conditions	the close of business today
+1	B.A.T Industries PLC won overwhelming shareholder approval for a defensive restructuring to fend off a # 13.35 billion ( $ 21.23 billion ) takeover bid from Sir James Goldsmith	Sir James still is pursuing efforts to gain U.S. insurance regulators ' approval for a change in control of B.A.T 's Farmers Group Inc. unit.The Anglo-French financier has indicated he intends to bid again for B.A.T if he receives approval
+3	to bid again for B.A.T	he receives approval
+10	when it took a pretax charge of $ 10 million	dropping development of an interactive video entertainment system
+11	that Hasbro 's new line of battery-powered racing cars , called Record Breakers , and its acquisition of Cabbage Patch Kids , Scrabble and other lines from Coleco Industries Inc. puts the company `` in a good position	we enter the Christmas buying season
+6	Reebok International Ltd. posted a 35 % increase in third-quarter net income despite a slight decline in sales	Reebok completed the acquisition of CML Group Inc. 's Boston Whaler unit , a builder of power boats
+6	CML , Acton , Mass. , had agreed to sell the unit to Reebok for about $ 42 million	The agreement 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
+6	Pitney Bowes Inc. directors authorized the company to seek buyers for its Wheeler Group Inc. subsidiary , a direct mail marketer of office supplies	Pitney Bowes said third-quarter net income gained 15 % to $ 62 million , or 78 cents a share , from $ 54 million , or 68 cents a share , a year ago
+1	The failure in Oakland of the freeway segment known as the Cypress structure was the deadliest aspect of the quake	officials were hopeful yesterday that the death toll there might be significantly lower than the 250 initially feared
+11	Red tractors gingerly picked at the rubble	jackhammers tried to break up some of the massive slabs of concrete
+1	he could n't immediately confirm or deny existence of the test work	that the department had n't mastered the technology needed to retrofit the entire Cypress structure
+6	that the department had n't mastered the technology needed to retrofit the entire Cypress structure	snafus in transportation funding that the state has experienced over the years may have restricted the availability of funds for such a retrofitting , even if it were technologically feasible
+3	Moreover snafus in transportation funding that the state has experienced over the years may have restricted the availability of funds for such a retrofitting	it were technologically feasible
+10	the state DOT had sent the project over to its Sacramento engineers to draw up a final design	completing installation of the jackets on `` one frame '' of the freeway last year
+10	encasing the concrete columns with steel	connecting them more securely to the double-decker roadbed
+6	Knowledgeable employees said the project had been stymied somewhat by `` the difficulty of designing '' the jackets	The employees said the project may have been snagged by budgetary concerns
+1	The Cypress structure opened in June 1957 , and as such , like many buildings in the San Francisco Bay area , does not meet current building codes requiring considerably more steel support.The northern piers of the span lie in estuarian deposits that were of a type to have liquefied easily during the 1906 quake	they were as surprised as anyone by the Cypress destruction
+1	that multiple-column viaducts would stand up well	they were working on ways to bolster them
+6	Unfortunately , there is only one laboratory for developing techniques to withstand earthquakes	that is an earthquake
+1	The meeting had been scheduled for Nov. 10	the company delayed the meeting to allow time for the Securities and Exchange Commission to review the proposal
+1	As part of a restructuring announced earlier this year , the company proposed in August to exchange 168 newly issued common shares for each $ 1,000 face value of debt	that figure could be revised
+3	about 13 million new shares would be issued	all the debt was converted
+6	As part of a restructuring announced earlier this year , the company proposed in August to exchange 168 newly issued common shares for each $ 1,000 face value of debt	Financial Corp. is proposing to exchange each of its 130,000 outstanding shares of cumulative convertible preferred series A stock for two shares of common
+11	pledging billions of dollars in fresh credit and forgiving old debt	urging other industrial nations to follow suit
+6	Both hope to encourage pressure for change in East bloc countries still ruled by Stalinist holdouts by arranging liberal financial aid and trade benefits for Poland , Hungary and , to a lesser extent , the Soviet Union	West German officials have the special goal of holding out hope for East Germany 's fledgling reform movement
+6	that reforms will be undertaken in { East Germany }	that relations between the two German states , too , will get better
+1	We want the bold programs of market development and political freedom in Hungary and in Poland to succeed.We are prepared to support those changes	U.S. curbs on the exports of sensitive technology to East bloc countries will remain in place
+6	Mr. Genscher and U.S. Secretary of Commerce Robert A. Mosbacher , in separate speeches at the conference , appealed for more Western contributions to economic reforms and business development in Hungary and Poland	the U.S. House of Representatives yesterday approved an $ 837.5 million aid package for Poland and Hungary that more than doubles the amount President Bush had requested
+10	The package was brought to the House	it was introduced
+6	Meanwhile , the U.S. House of Representatives yesterday approved an $ 837.5 million aid package for Poland and Hungary that more than doubles the amount President Bush had requested	a group of 24 industrialized countries , including the U.S. and Japan and coordinated by the European Community Commission , has promised Poland and Hungary trade advice and a line of credit equivalent to $ 1.11 billion through the European Investment Bank , while the EC plans $ 222 million in direct aid
+6	In addition , a group of 24 industrialized countries , including the U.S. and Japan and coordinated by the European Community Commission , has promised Poland and Hungary trade advice and a line of credit equivalent to $ 1.11 billion through the European Investment Bank	the EC plans $ 222 million in direct aid
+11	to take with him a promise of three billion West German marks ( $ 1.6 billion ) in new credit guarantees for industrial projects	Chancellor Helmut Kohl travels to Poland Nov. 9
+6	Last week , Bonn agreed to reschedule 2.5 billion marks in Polish debt that came due last year	a one billion mark credit dating from 1974 is to be written off
+6	When Chancellor Helmut Kohl travels to Poland Nov. 9 , he is expected to take with him a promise of three billion West German marks ( $ 1.6 billion ) in new credit guarantees for industrial projects	West Germany has increased its credit guarantees to Hungary by 500 million marks to 1.5 billion marks
+11	West Germany also has increased its credit guarantees to Hungary by 500 million marks to 1.5 billion marks	the emerging democratic state rushes through its own economic reforms , including a broad privatization of state-owned industry and tax incentives for industrial investment
+11	to become the first West German bank to set up independent business offices in Hungary and Poland	they shift to free-market economies
+6	A maxim of Frankfurt banking holds that wherever Deutsche Bank goes , other West German banks follow	at least four other West German banks are believed to be making inquiries
+6	Mattel 's world-wide volume has grown 25 % in a climate of relatively flat industry sales	the toy company 's `` prospects for a strong fourth quarter '' are good
+6	Mattel attributed the jump in quarter net to strong world-wide sales of its Barbie doll , Hot Wheels cars , Disney toys and other well-known toy lines	The company cited retail trade and consumer demand for new products introduced this year , such as Cherry Merry Muffin and Turtle Tots
+2	The charge did n't affect net for the quarter	it was offset by tax benefits
+10	politicians are squinting under the glare of democratic choice	the Supreme Court opened the door on the subject of abortion
+2	politicians are squinting under the glare of democratic choice	the Supreme Court opened the door on the subject of abortion
+2	which is only fair	they 've been shielded the most
+11	They could attract one-issue voters by adopting the right-to-life movement 's strongest position	pro-choice Republicans knew this mattered little on an issue monopolized by the court
+10	Last Friday he hinted he was looking for compromise	Congress passed it anyway
+10	who once was pro-choice	but pro-life
+6	it detected George Bush in a characteristic waffle on abortion the past week	Mr. Bush 's dance was more wiggle than waffle
+2	pro-life Republicans met at the White House with Chief of Staff John Sununu on Monday , and Mr. Bush quickly signaled a veto	Democrats refused to budge
+10	pro-life Republicans met at the White House with Chief of Staff John Sununu on Monday , and Mr. Bush quickly signaled a veto	Democrats refused to budge
+6	When Democrats refused to budge , pro-life Republicans met at the White House with Chief of Staff John Sununu on Monday	Mr. Bush quickly signaled a veto
+1	At the 1988 GOP convention , abortion was barely discussed at all	delegates were evenly divided on the question of an anti-abortion constitutional amendment
+1	Ms. Johnson made a passionate statement to the platform committee	she was talking to herself
+3	the two GOP candidates could have avoided trouble	they had framed the issue first
+1	the two GOP candidates could have avoided trouble if they had framed the issue first	The net loser in the next few years is the right-to-life side
+1	exit polls from the 1988 election had single-issue , pro-life voters giving Mr. Bush about five more percentage points of support than pro-choice voters gave Michael Dukakis	the Supreme Court 's opening of debate may have changed even that
+1	Polls are no substitute for principle	they 'll do for some politicians
+10	Oklahoma official Robert Fulton lost a chance for a senior job in the Department of Health and Human Services	right-to-life activists opposed him
+2	Oklahoma official Robert Fulton lost a chance for a senior job in the Department of Health and Human Services	right-to-life activists opposed him
+10	Caldwell Butler , a conservative former congressman , was barred from a Legal Services post	he gave wrong answers on abortion
+2	Caldwell Butler , a conservative former congressman , was barred from a Legal Services post	he gave wrong answers on abortion
+10	the White House appeased right-to-lifers by surrounding him with pro-life deputies	Mr. Sullivan waffled on abortion last year
+0	Their views on health care and welfare did n't much matter	HHS spends billions a year on both
+1	they may want to contain their glee	Democrats can gloat at all this for now
+2	Roe v.Wade pre-empted political debate	the extremes blossomed
+6	that higher revenue , strong crude oil prices and higher natural gas prices offset declines in production of oil , gas and plant liquids	the company cited cost-reduction moves and interest income
+2	that the commission 's order wo n't have much practical impact	the named companies no longer use the type of cooperative rating bureaus attacked by the FTC
+10	that were closed	the bailout legislation was enacted
+2	You need to buy the entire lot	get out your checkbooks
+1	Bonds due 1991-1996 carry 6.70 % coupons	bonds due 1997-2000 carry 6 3/4 % coupons
+6	Federal Home Loan Mortgage Corp. -- $ 500 million of Remic mortgage securities being offered in 12 classes by Salomon Brothers Inc	$ 400 million of Freddie Mac Remic mortgage securities is being offered in 10 classes by Kidder , Peabody & Co
+10	The offerings bring Freddie Mac 's 1989 Remic issuance to $ 32.6 billion and its total volume to $ 46.5 billion	the program began in February 1988
+6	Mitsubishi Trust & Banking Corp. ( Japan ) -- 200 million Swiss francs of privately placed convertible notes due March 31 , 1994 , with a fixed 0.75 % coupon at par , via Union Bank of Switzerland	the company issued 300 million marks of convertible bonds with an indicated 2 3/4 % coupon due March 31 , 1995 , at par , via Westdeutsche Landesbank Girozentrale Bank
+10	to be determined	terms are fixed Oct. 25
+2	to buy computers	we can get more information
+10	First they get us to buy computers so we can get more information	the computers give us more information than we can ever read
+2	Old network hands have started to turn off the network	they do n't have time to wade through the muck
+3	$ 40,000 a year	the cost of all the news wires is included
+6	NewsEdge is pricey : $ 7,500 a year for a limited version , $ 40,000 a year if the cost of all the news wires is included	it works best in high-powered personal computers
+1	NewsEdge is pricey : $ 7,500 a year for a limited version , $ 40,000 a year if the cost of all the news wires is included.And it works best in high-powered personal computers	some investors and consultants who have tried it are enthusiastic
+11	to sort through news wire items	they come in
+6	They want the full press releases on printer announcements by their competition	It tracks personnel and financial announcements by NEC 's distributors and customers
+3	the computer will also supply stories that mention `` I.B.M. , International Business Machines , or Big Blue	a customer asks for stories about `` IBM
+6	Individual Inc. 's technology goes beyond word searches by using a computerized thesaurus	If a customer asks for stories about `` IBM , '' the computer will supply stories that mention `` I.B.M. , International Business Machines , or Big Blue
+6	Individual Inc. 's technology goes beyond word searches by using a computerized thesaurus	Individual Inc. 's computers can weigh the value of an article based on how closely the story matches the subscriber 's interest area
+6	It compares the position of key words in the story ; words in the headline or first paragraph get a higher value	it calculates how often the words appear in the story compared with how often they appear in the entire data base
+1	The computers find all the key words they can	the editors confirm every one
+6	to code news releases by topic in order to select items for each subscriber	The humans write abstracts of articles from some 200 computer industry publications
+10	Pinpoint 's computers pick the most relevant for each subscriber and lay them out in a three-to-five-page newsletter format	all the articles are coded and put in a data base
+6	what 's junk	what 's important
+3	to be automatically categorized as top priority	it comes from certain designated senders or requires action in the next couple of days
+2	that Beyond will refine the product	the message will be smart enough to know to come back and bother you again next week
+6	that Beyond will refine the product `` so the message will be smart enough to know to come back and bother you again next week	if a user is busy , `` he can set it for crisis mode : ` Do n't bother me with reports until Monday
+3	And he can set it for crisis mode	a user is busy
+6	The MIT project devised ways for E-mail to be automatically categorized as top priority if it comes from certain designated senders or requires action in the next couple of days	A program called Notes is designed to sort E-mail sent within work groups
+7	Notes , which is designed for advanced computers that display graphics , allows mail senders to put different logos on their mail	A daily news briefing from the company librarian would have a distinctive format on the screen , just as a paper version would have
+6	A New York Stock Exchange arbitration panel ordered Dean Witter to pay $ 404,294 in back bonuses to William Kelly , the company 's former head of high-yield , high-risk junk-bond trading and sales	It awarded $ 196,785 in back bonuses to former trader Michael Newcomb and $ 69,105 in fees to the two men 's attorneys
+6	reflecting strong gains in its tobacco and distilled spirits businesses	which has businesses in life insurance , office products and hardware , and home-improvement products
+10	WASHINGTON LIES LOW	the stock market 's roller-coaster ride
+1	Lawmakers , haunted by charges that some of their comments contributed to the 1987 crash , generally shy away from calls for sweeping new legislation	a House Energy and Commerce subcommittee will quiz SEC Chairman Breeden Wednesday , and Treasury Secretary Brady will go before the Senate Banking panel Thursday
+6	But a House Energy and Commerce subcommittee will quiz SEC Chairman Breeden Wednesday	Treasury Secretary Brady will go before the Senate Banking panel Thursday
+6	The market 's wild week may speed along the market-reform legislation that has been pending for months in the aftermath of the 1987 crash	It may expedite the SEC 's modest pending changes in junk-bond disclosure rules and intensify the Treasury 's look at plans for giving new tax breaks on dividends and raising taxes on short-term trades by pension funds
+1	the cautious secretary of state is so far unwilling to cut U.S. economic or military aid to force Israeli cooperation	Baker remains furious both at Shamir , for backing down on the elections , and at Shamir 's rival , Peres , for political ineptitude in forcing a premature cabinet vote on Baker 's plan
+6	Despite seeing his plan for Israeli-Palestinian elections wither , the cautious secretary of state is so far unwilling to cut U.S. economic or military aid to force Israeli cooperation	some U.S. officials fear PLO chief Arafat is getting cold feet and may back off from his recent moderation and renunciation of terrorism
+1	Darman now blames the clash on miscommunication	House GOP leader Michel , who carried the offer to him , observes , `` I was speaking English at the time , and quite loud so I could be understood
+2	was speaking English at the time , and quite loud	I could be understood
+1	Republicans as well as Democrats were angered by the budget director 's rejection of Speaker Foley 's effort to expedite a deficitcutting measure	Darman suggests such tensions will dissipate quickly
+4	almost anybody can	I can show signs of maturity
+10	Sullivan said he had `` reservations about any blanket prohibitions on medical research	he was confirmed
+1	Before he was confirmed , Sullivan said he had `` reservations about any blanket prohibitions on medical research	now , an official says , he is `` surrounded by right-to-lifers , '' who contend that any breakthroughs in fetal-tissue research could increase the demand for abortions
+6	Defense experts say joint projects are increasingly squeezed by budget pressures and the desire to save domestic jobs	some fear rising protectionism as European unity nears
+11	some also fear rising protectionism	European unity nears
+0	she airs a TV commercial using pro-choice buzzwords	she opposes abortion in almost all cases
+10	liberals now probably wo n't put up a major struggle against him	mulling a fight
+6	Other conservatives thought to be on the administration 's short list include Washington lawyer Michael Uhlmann , who was passed over for the No . 2 job at the Justice Department , and Marshall Breger , chairman of a U.S. agency on administration	The Bush administration would like to nominate a woman
+6	A GOP Senate fund-raising letter from Sen. Burns of Montana is made to appear personally written	its opening line is , `` Please excuse my handwriting
+2	even more competition lies ahead	a key member of the San Diego Yacht Club team is splitting off to form his own team
+6	Peter Isler , the winning navigator in the past two America 's Cup challenges , has split from the team led by Dennis Conner , skipper of the victorious Stars & Stripes , to form his own team for the next contest in 1992	in addition to a crack team of sailors , Mr. Isler has lined up some real brass to help him finance the syndicate
+6	a new yacht will cost about $ 3 million alone	sailing syndicate budgets can easily run to $ 25 million for a Cup challenge
+1	Pending an appeal by the New Zealand team , led by Michael Fay , the finals for the next Cup challenge are scheduled to be held in mid-1992 in San Diego	because of the uncertainty of the outcome of the suit , Mr. Conner 's team has done little to begin gearing up to defend its title
+3	it 's hard to start your fund-raising or design	you do n't know what the rules of the game are
+10	The Conner team wo n't be able to negotiate with corporate sponsors	the suit is resolved and the race site is determined
+6	until the suit is resolved	the race site is determined
+6	The Conner team wo n't be able to negotiate with corporate sponsors until the suit is resolved and the race site is determined	the syndicate 's budget could easily reach $ 30 million
+1	The Conner team wo n't be able to negotiate with corporate sponsors until the suit is resolved and the race site is determined , Mr. Smith said , and the syndicate 's budget could easily reach $ 30 million	the formation of the new syndicate has to do with Mr. Isler 's desire to skipper his own team and begin planning now , rather than any falling out between the two sportsmen
+1	Of course I 'd rather have a computer software firm in my backyard than a hazardous waste incinerator	I 'd also rather live next door to an incinerator than to some of the hog farms I 've seen ( and smelt ) in these parts
+6	Of course I 'd rather have a computer software firm in my backyard than a hazardous waste incinerator	But I 'd rather live next door to an incinerator than to some of the hog farms I 've seen ( and smelt ) in these parts
+6	But I 'd also rather live next door to an incinerator than to some of the hog farms I 've seen ( and smelt ) in these parts	An incinerator is probably better than having nobody next door
+3	what hope have we for dealing with the wastes our economy produces	the most environmentally safe way of dealing with a national problem can not be built in Atchinson County
+1	We know they are dangerous	if handled with care , their benefits far outweigh any risk to the environment
+3	but their benefits far outweigh any risk to the environment	handled with care
+2	does n't mean the city no longer owns the work of art	Stamford , Conn. , High School did nothing when its valuable 1930s mural was thrown in the trash
+11	Just because Stamford , Conn. , High School did nothing	its valuable 1930s mural was thrown in the trash
+10	it eventually was turned over to Hiram Hoelzer , a professional art restorer	the discarded mural was found outside the school by a concerned Stamford graduate
+1	In 1986 , Stamford officials thanked Mr. Hoelzer for taking care of the mural -- and demanded he return it as soon as possible	Mr. Hoelzer sued Stamford
+6	that the city had abandoned the artwork	that it had waited too long to reclaim it
+1	Mr. Hoelzer , however , sued Stamford , claiming that the city had abandoned the artwork and that it had waited too long to reclaim it	Judge Louis L. Stanton of federal court in Manhattan ruled that the city could n't be faulted for waiting too long because it did n't realize until 1986 that its ownership of the painting was in dispute
+2	that the city could n't be faulted for waiting too long	it did n't realize until 1986 that its ownership of the painting was in dispute
+6	But Judge Louis L. Stanton of federal court in Manhattan ruled that the city could n't be faulted for waiting too long because it did n't realize until 1986 that its ownership of the painting was in dispute	The judge ruled that the painting was n't abandoned because officials did n't intend for it to be thrown away and were unaware that the workmen had discarded it
+2	that the painting was n't abandoned	officials did n't intend for it to be thrown away and were unaware that the workmen had discarded it
+6	The prices of corn futures contracts jumped amid rumors that the Soviet Union is keeping up its dizzying October buying binge of U.S. corn	Rumors of Soviet interest pushed up the prices of soybean futures contracts
+1	that the Midwest harvest was disrupted by a freakishly early snow storm that dumped several inches in parts of Indiana and Ohio	The harvest delays are expected to be temporary
+6	One price-depressing development was the lower-than-expected increase of only 0.2 % in the consumer price index for September	that the `` core inflation rate was low at 0.2 %
+8	American Telephone & Telegraph Co. will reduce its managerial staff by 15,000 through attrition ; the oil market turned weaker ; there was n't any investor demand for bullion	the dollar strengthened during the day , putting pressure on gold
+6	Initial unemployment claims rose by 62,000 last week ; American Telephone & Telegraph Co. will reduce its managerial staff by 15,000 through attrition ; the oil market turned weaker ; there was n't any investor demand for bullion ; and the dollar strengthened during the day , putting pressure on gold	economic circumstances are such that both South Africa and the Soviet Union , the principal gold and platinum producers , are being forced to continue selling the metals
+6	Both are in great need of foreign exchange	South Africa is also under pressure to meet foreign loan commitments
+6	Both are in great need of foreign exchange	and South Africa is under pressure to meet foreign loan commitments
+2	which prompted concern that it might signal a similar sharp slowing of the U.S. economy	and reduced demand for copper , a leading industrial metal
+1	that it might signal a similar sharp slowing of the U.S. economy and thus reduced demand for copper , a leading industrial metal	In recent days there has been increased purchasing of copper in London
+1	The increasing likelihood that Cananea and Highland Valley will soon return to production may have cut some of that purchasing	even if any of these mines begin operating soon , their output wo n't be significant until at least the end of the year
+3	their output wo n't be significant until at least the end of the year	any of these mines begin operating soon
+2	but even if any of these mines begin operating soon , their output wo n't be significant until at least the end of the year	there will still be a significant need for copper over the next three months
+1	So there will still be a significant need for copper over the next three months	the long-term production problems may be easing
+1	West Texas Intermediate for November delivery fell 14 cents a barrel to $ 20.42	so-called outer month contracts finished higher
+7	But so-called outer month contracts finished higher	December contracts for WTI rose 17 cents to $ 20.42
+1	Most energy futures opened lower , following Wednesday 's market downturn	a flurry of late trading yesterday beefed up prices
+10	17 potential clients had called seeking the services of the self-proclaimed King of Torts	his office 's telephone service was restored yesterday morning
+1	Suits are likely to be filed against engineering firms , contractors and developers , as well as against local-government agencies	lawyers looking to cash in on the quake may have a tough time once their cases reach a judge
+10	But lawyers looking to cash in on the quake may have a tough time	their cases reach a judge
+5	whether anybody is going to get sued	whether they have liability or not
+1	We still have people wandering around in a daze in San Francisco worrying about whether it 's going to rain tonight	that wo n't stop plaintiffs ' lawyers from seeking a little room for maneuvering
+2	In San Francisco an earthquake was a near certainty	engineering firms , construction contractors and developers can be sued for not keeping structures up to standard , and government agencies can be held accountable for failing to properly protect citizens from such a foreseeable disaster , if negligence can be proven
+6	Therefore , engineering firms , construction contractors and developers can be sued for not keeping structures up to standard	government agencies can be held accountable for failing to properly protect citizens from such a foreseeable disaster , if negligence can be proven
+3	and government agencies can be held accountable for failing to properly protect citizens from such a foreseeable disaster	negligence can be proven
+1	that Interstate 880 suffered serious damage	surrounding buildings appeared to sustain no damage whatsoever
+10	We wo n't know	the smoke clears
+1	We wo n't know until the smoke clears	yes , we 're looking into it
+1	that plaintiffs ' lawyers taking such an approach will have little success in pursuing their claims	that the facts of each case must be looked at individually
+1	Plaintiffs will argue that damaged structures were n't built to proper design standards	if defendants can prove that they met San Francisco 's stringent building codes , `` that 's probably going to protect them
+3	But that 's probably going to protect them	defendants can prove that they met San Francisco 's stringent building codes
+3	The state is protected	plans and designs for public structures were approved ahead of time
+5	when plans and designs for public structures were approved ahead of time	when structures met previously approved standards
+3	The state is protected	structures met previously approved standards
+1	those defenses might well apply to the Bay Bridge collapse	if we get lawsuits out of the Bay Bridge
+3	I would n't get totally shocked	we get lawsuits out of the Bay Bridge
+4	it has n't started yet	there 's going to be a race to the courthouse
+6	Mr. Covert had to search through law books scattered on the floor of his office yesterday	Mr. Belli 's courtyard was strewn with bricks
+6	he set up shop on the sidewalk in front of his town-house office and helped victims apply for federal aid -- free of charge	In a news release issued by Mr. Drivon , the trial lawyers association promised free assistance to victims
+1	they really hold it all in	accountants are n't noted as `` being deeply emotional
+7	that the Deloitte firm in the U.K. is filing the suit to get even with the merged Deloitte-Touche firm for keeping major auditing work in England	General Motors Corp. , a Deloitte audit client has agreed to keep its annual $ 18 million world-wide audit and associated tax work with the merged Deloitte-Touche firm , to be known as Deloitte & Touche in the U.S
+1	it is benefiting greatly from fallout from the Deloitte-Touche merger	Coopers has n't been courted by other major accounting firms for a merger
+1	In New York , Harris Amhowitz , general counsel of Coopers , said Coopers `` was aware of the litigation	he declined further comment
+6	but he declined further comment	He declined to comment on the name that Coopers would use in England if Deloitte UK won its litigation to keep its name
+3	that Coopers would use in England	Deloitte UK won its litigation to keep its name
+1	that enforcement efforts are working here , `` albeit at a slower and more halting pace than we would like	that Washington 's `` drug-related murder rate is intolerably high
+1	Mr. Bennett declined to name the area officials who he believes have impeded plans for building more federal prisons to ease Washington 's problem	other Bush administration officials have criticized Maryland Gov . William Schaefer for blocking the use of possible sites in that state
+6	But other Bush administration officials have criticized Maryland Gov . William Schaefer for blocking the use of possible sites in that state	Administration officials have said that Washington Mayor Marion Barry has delayed consideration of sites in the city
+6	Of his successes in Washington , Mr. Bennett stressed that existing federal prisons have taken custody of 375 local inmates	He noted that the federal Drug Enforcement Administration has established a federal-local task force responsible since April for 106 arrests and more than $ 2 million in seizures of drug dealers ' assets
+6	The Defense Department has lent the Washington U.S. attorney 10 prosecutors	the Federal Bureau of Investigation has provided crime laboratory facilities and training
+3	of what to do	emergency strikes
+0	that they would be able to feed and care for their people for as long as five days	they became isolated in a crisis
+3	you wo n't be able to bring up your vital business functions	you do n't save your critical people
+0	Ms. Masaki-Schatz used the occasion to distribute a three-page memo of `` Earthquake Tips '' to 1,200 ARCO employees	ARCO 's head office was n't affected by this week 's tremors
+11	You need to capitalize on these moments	you have everyone 's attention
+6	The ARCO memo urges employees to keep certain supplies at work , such as solid shoes and `` heavy gloves to clear debris	It recommends that employees be aware of everyday office items that could be used for emergency care or shelter
+6	Pantyhose and men 's ties could be used for slings	removable wooden shelves might aid in `` breaking through office walls
+3	that would take over	payroll operations in Pasadena were disrupted
+11	At Hewlett-Packard Co. , the earthquake came	the company was reviewing its own emergency procedures
+10	We were talking about scheduling a practice drill for November	we had a real one in the afternoon
+6	Sales and service employees were asked to report to work to help Bay area clients who called with computer problems	Hewlett-Packard called in its systems experts to restore its own computer operations
+0	they still lost touch for more than 24 hours with 15 branches in the affected areas	officials of the savings and loan , a unit of Great Western Financial Corp. , used some of their new plans and equipment during this week 's quake
+0	Although officials of the savings and loan , a unit of Great Western Financial Corp. , used some of their new plans and equipment during this week 's quake	they lost touch for more than 24 hours with 15 branches in the affected areas
+5	if employees were injured	vaults were broken open
+6	As it turned out , bank employees were n't hurt	the vaults withstood the jolts
+1	As it turned out , bank employees were n't hurt and the vaults withstood the jolts	We need to educate people that they need to get to a phone somehow , some way , to let someone know what their status is
+6	Occidental Petroleum Corp. holds regular evacuation drills and stocks food , oxygen and non-prescription drugs at checkpoints in its 16-story headquarters	The company maintains rechargeable flashlights in offices and changes its standby supply of drinking water every three months
+6	Walt Disney Co. 's Disneyland in Anaheim , Calif. , stocks rescue equipment , medical supplies , and enough food and water to feed at least 10,000 visitors for as long as five days in the event that a calamity isolates the theme park	The park has emergency centers
+1	Hurricane Hugo , an Atlantic storm , did n't affect Vista	two other major storms have threatened operations so far this year , most recently Hurricane Jerry this week
+2	the company sends employees home and shuts down operations in stages	hurricanes can change course rapidly
+3	Empty tank cars will float away on you	you get a big tidal surge
+0	But two other major storms have threatened operations so far this year , most recently Hurricane Jerry this week	Vista officials realize they 're relatively fortunate
+2	A situation like San Francisco is so frightening	there 's no warning
+10	he suffered	the Bank Board closed the Independent American Savings Association of Irving , Texas
+2	he suffered	the Bank Board closed the Independent American Savings Association of Irving , Texas
+11	Independent American 's net worth dropped from $ 75 million to a negative $ 400 million	under the control of federal regulators
+2	that restaurant fired her	she was pregnant
+10	that Ms. Levine was fired	she refused to accept a lower paying , less visible job upon reaching her sixth month of pregnancy
+2	that she would be demoted to his assistant	he felt customers would be uncomfortable with a pregnant maitre 'd
+6	They wanted a svelte-looking woman	a pregnant woman is not svelte
+6	We do n't hire fat people	we do n't hire cripples
+6	We do n't hire fat people and we do n't hire cripples	pregnant women are fat
+2	she was being fired as maitre 'd	she was pregnant
+0	Ms. Levine had never been fired	she had stopped working at the restaurant
+3	they would continue to represent their clients	the government pays their tab as court-appointed lawyers
+2	the government will oppose any efforts to bring in a new defense team	it would delay a retrial
+10	to exercise influence	the Senate votes on the impeachment today
+1	The publisher was able to register soaring quarter net income because of a onetime gain on the sale of its cable-TV system	operating profit fell 35 % to $ 16.4 million
+1	Next year , earnings will hold steady	we just do n't see a big turnaround in the trend in advertising
+10	It will be hard to do handstands	real linage starts heading back up
+1	With the Edison plant coming on line next summer , the Times is facing some tough earnings comparison in the future	many newspapers are facing similar comparisons
+6	The sale of the company 's cable franchise brought an after-tax gain of $ 193.3 million , part of which will be used to reduce debt	The company has a stock-repurchase plan
+4	That 's a good sign	profits are stable during a time revenue is in the trough
+1	Investors celebrated the second anniversary of Black Monday with a buying spree in both stocks and bonds	the dollar was mixed
+6	Since the 1987 crash , the industrials have soared more than 54 %	the widely watched market barometer is about 4 % below its record high set earlier this month
+9	The stock-market rally was led by blue-chip issues , but , unlike Monday 's rebound , was broadly based	over-the-counter stocks , led by technology issues , outleaped the industrial average
+6	That news , plus recent signs of economic sluggishness , greatly increases pressure on the Federal Reserve to ease credit further	which would be good news for stocks
+2	I see a lot of evidence indicating a slower economy	that means my interest-rate outlook has a downward tilt
+1	consumer prices rose only 0.2 % last month	Despite the inflation news , several Fed officials fear consumer-price pressures will intensify because they insist the economy is stronger than generally believed
+2	consumer-price pressures will intensify	the economy is stronger than generally believed
+1	Despite the inflation news , several Fed officials still fear consumer-price pressures will intensify because they insist the economy is stronger than generally believed	Wall Street analysts expect further signs of economic weakness in government reports during the next few weeks
+3	that will cinch the case for another shot of credit-easing within a month or so	so
+2	If so , that will cinch the case for another shot of credit-easing within a month or so	That is expected to persuade banks to cut their prime lending rate , a benchmark rate on many corporate and consumer loans , by half a percentage point , to 10 %
+1	We 're not out of the woods yet by any means	the economy `` is slowing enough to give the Federal Reserve leeway to reduce interest rates
+1	But the economy `` is slowing enough to give the Federal Reserve leeway to reduce interest rates	many individual investors are leery about stocks because of fresh signs of fragility in the huge junk-bond market
+6	But many individual investors are leery about stocks because of fresh signs of fragility in the huge junk-bond market	Investors are anxious about today 's `` witching hour , '' the monthly expiration of stock-index futures and options , and options on individual stocks
+1	In New York late yesterday , it was at 141.70 yen , up from 141.45 yen late Wednesday	it fell to 1.8470 marks from 1.8485
+3	Voters can `` buy '' one of two brands a Republican brand that believes in the minimalist state and in the virtues of private markets over the vices of public action , and a Democratic brand that believes in big government and in public intervention to remedy the excesses attendant to the pursuit of private interest	they select their political agents
+11	Voters can `` buy '' one of two brands a Republican brand that believes in the minimalist state and in the virtues of private markets over the vices of public action , and a Democratic brand that believes in big government and in public intervention to remedy the excesses attendant to the pursuit of private interest	they select their political agents
+11	Congressional representatives have two basic responsibilities	voting in office
+6	If they put a Republican into office , not only will they acquire less in terms of local benefits	their selected legislator will be relatively powerless to prevent other legislators from `` bringing home the bacon '' to their respective constituencies
+4	Each legislator , after all , is only one out of 535	it comes to national policy making
+1	such a president is also likely to be more effective at preventing other districts/states and their legislators from bringing home the local benefits	a GOP president may limit local benefits to the voter 's particular district/state
+6	Although a GOP president may limit local benefits to the voter 's particular district/state	such a president is likely to be more effective at preventing other districts/states and their legislators from bringing home the local benefits
+2	Although a GOP president may limit local benefits to the voter 's particular district/state , such a president is also likely to be more effective at preventing other districts/states and their legislators from bringing home the local benefits	The individual voter 's standing will be enhanced through lower taxes
+6	Prior to the election of Franklin Roosevelt as president and the advent of the New Deal , government occupied a much smaller role in society	the prisoner 's dilemma problem confronting voters in races for Congress was considerably less severe
+7	Third , the theory suggests why legislators who pay too much attention to national policy making relative to local benefit-seeking have lower security in office	first-term members of the House , once the most vulnerable of incumbents , have become virtually immune to defeat
+2	they were more vulnerable to defeat	these freshmen placed far more emphasis on their partisan role in national policy making
+6	First , why ticket splitting has increased and taken the peculiar pattern that it has over the past half century Second , it explains why voters hold Congress in disdain but generally love their own congressional representatives Third , the theory suggests why legislators who pay too much attention to national policy making relative to local benefit-seeking have lower security in office Fourth , the theory indicates why the Republican Party may have a difficult time attracting viable candidates for congressional office Fifth , the theory may provide at least a partial reason for why ticket splitting has been particularly pronounced in the South	the theory suggests why Republicans generally have fared better in Senate races than in campaigns for the House
+6	Since local benefit-seeking matters more	national policy making matters less in the lower chamber of Congress
+3	this is precisely the pattern one would expect	Republicans are less willing to engage in local benefit-seeking than their Democratic counterparts
+3	Second Democrats should have lower attendance rates on roll-call votes than Republicans do to the extent that such votes reflect national policy making and that participating in such votes takes away from the time a legislator could otherwise devote to local benefit-seeking	the key assumption is valid
+6	that such votes reflect national policy making	that participating in such votes takes away from the time a legislator could otherwise devote to local benefit-seeking
+6	Second Democrats should have lower attendance rates on roll-call votes than Republicans do to the extent that such votes reflect national policy making and that participating in such votes takes away from the time a legislator could otherwise devote to local benefit-seeking	This is what the data indicate , particularly in the case of the House
+6	First , economists James Bennett and Thomas DiLorenzo find that GOP senators turn back roughly 10 % more of their allocated personal staff budgets than Democrats do.To the extent that the primary duty of personal staff involves local benefit-seeking , this indicates that political philosophy leads congressional Republicans to pay less attention to narrow constituent concerns . Second , if the key assumption is valid , Democrats should have lower attendance rates on roll-call votes than Republicans do to the extent that such votes reflect national policy making and that participating in such votes takes away from the time a legislator could otherwise devote to local benefit-seeking.This is indeed what the data indicate , particularly in the case of the House	as shown in the table , Democrats allocate a higher proportion of their personal staffs to district offices -- where local benefit-seeking duties matter more and national policy making activities matter less relative to Washington offices
+6	where local benefit-seeking duties matter more	national policy making activities matter less relative to Washington offices
+6	Finally , as shown in the table , Democrats allocate a higher proportion of their personal staffs to district offices -- where local benefit-seeking duties matter more and national policy making activities matter less relative to Washington offices	An examination of changes in personal staffing decisions in the Senate between 1986 and 1987 ( when control of that body changed party hands ) reveals that the personal staffing differences noted in the table can not be attributed to the disproportionate control Democrats exercise , due to their majority-party status , over other resources such as committee staff
+3	Put more simply , GOP candidates for president are looked on more kindly by voters than Republican candidates for the Senate	the prisoner 's dilemma is more severe
+11	Put more simply , GOP candidates for president are looked on more kindly by voters than Republican candidates for the Senate	the prisoner 's dilemma is more severe
+6	Put more simply , GOP candidates for president are looked on more kindly by voters than Republican candidates for the Senate when the prisoner 's dilemma is more severe	ticket splitting appears to take the same peculiar pattern at the state government level as it does at the federal level
+6	State government is more typically split along Republican-governor/Democratic-legislature lines than the reverse	that , holding other factors constant , the difference between a state 's major-party vote going to the Republican gubernatorial candidate and the Republican share of the lower state house is a positive function of the state tax rate
+9	First that GOP senators turn back roughly 10 % more of their allocated personal staff budgets than Democrats do . Second , if the key assumption is valid , Democrats should have lower attendance rates on roll-call votes than Republicans do to the extent that such votes reflect national policy making and that participating in such votes takes away from the time a legislator could otherwise devote to local benefit-seeking . Finally , as shown in the table , Democrats allocate a higher proportion of their personal staffs to district offices An additional piece of evidence from the Senate : Holding other factors constant , such as incumbency advantages and regional factors , the difference between popular votes for Republican presidential and senatorial candidates in states conducting a Senate election turns out to be a positive function of how onerous the federal government 's tax burden is per state ( a progressive tax rate hits higher-income states harder Moreover , ticket splitting appears to take the same peculiar pattern at the state government level as it does at the federal level	at both the federal and state government levels at least part of the seemingly irrational behavior voters display in the voting booth may have an exceedingly rational explanation
+1	The measure provides no money for the promised payments until then	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
+10	but beginning in fiscal 1991 , the government would be committed to meeting annual payments of as much as $ 500 million	the total liability of approximately $ 1.25 billion is paid
+11	The action came	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
+1	Reversing an eight-year federal policy , the measure supports Medicaid abortions in cases of rape and incest	Mr. Bush has so far refused to support any specific exemption beyond instances in which the mother 's life is in danger
+1	Mr. Bush 's veto power puts him a commanding position in the narrowly divided House	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
+6	An estimated $ 1.32 billion is provided for next year 's census	negotiators stripped a Senate-passed rider seeking to block the counting of illegal aliens
+6	Elsewhere in the Commerce Department , nearly $ 191.2 million is preserved for assistance programs under the Economic Development Administration	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
+6	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 forced the adoption of new fees charged by federal agencies
+6	Fiscal pressures also forced the adoption of new fees charged by federal agencies	an 18 % increase in the Securities and Exchange Commission 's budget would be financed entirely by an added $ 26 million in filing fees
+1	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	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
+6	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	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
+6	The odd mix of departments in the bill makes it one of the more eclectic of the annual appropriations measures	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
+1	An estimated $ 321 million is provided to maintain the program	Mr. Rudman also succeeded in attaching language seeking to curb the authority of the current board until new members are confirmed
+6	An estimated $ 321 million is provided to maintain the program	but Mr. Rudman succeeded in attaching language seeking to curb the authority of the current board until new members are confirmed
+10	in attaching language seeking to curb the authority of the current board	new members are confirmed
+6	The effective date of any new regulations by the current board would be delayed until Oct. 1 next year	the bill seeks to reverse efforts by the corporation to cut off funds to service organizations such as the Food Research and Action Center
+6	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 provides $ 620.5 million to meet U.S. contributions to international organizations and $ 80 million for peace-keeping activities
+1	Both accounts reflect significant increases from fiscal 1989	the amount for peace-keeping shows a 27 % cut from the administration 's request
+6	Mercury said the action to improve its regulatory capital position is related directly to new capital requirements mandated by recently adopted federal legislation	Mercury said it extended its two-year advisory relationship with Montgomery Securities of San Francisco
+10	Stop me	I kill again
+1	The Members know they 're doing wrong	they need help to restrain their darker compulsions
+10	Arkansas Democrat David Pryor spilled his guts on the Senate floor the other day	he 'd joined the Finance Committee 's early-morning pork-barrel revels
+11	Frankly I heard many , many people . . . opening champagne bottles and celebrating individual victories that some of us had accomplished in getting our little deal in the tax bill and winking at this person for slipping this in	I was walking back to get in my car
+11	I did not feel very good about myself	I was driving home
+11	We can applaud Mr. Pryor 's moment of epiphany	we understand that he and his confreres need restraint lest they kill again
+5	that he and his confreres need restraint	they kill again
+2	The Coats bill is n't a pure line-item veto	it would apply only to spending bills
+5	The Coats bill is n't a pure line-item veto	it 's a form of `` enhanced rescission , '' giving a President a chance to rescind , or strike , specific spending items that just go too far
+1	Congress would have 20 days to reject the package with a 50 % majority	then a President could veto that rejection
+10	Congress would have 20 days to reject the package with a 50 % majority	but a President could veto that rejection
+10	but then a President could veto that rejection	Congress would need the usual two-thirds majority to override any veto
+1	Presidents Kennedy and Johnson were both big users of the impoundment power	Congress saw its chance against a weakened President Nixon and stripped it away
+1	Today a President can still send up spending rescissions	they 're meaningless unless Congress has a guilty conscience and changes its mind
+5	but they 're meaningless	Congress has a guilty conscience and changes its mind
+2	This is like asking foxes to feel remorse about chickens	naturally rescissions are almost never approved
+1	In 1987 , President Reagan sent 73 rescissions back to the Hill	only 3 % of the spending total was approved by Congress
+5	take place automatically	Congress acts
+1	The Members could still try to serve their constituents with special-interest goodies	the police ( in the form of a President ) would be there with a straitjacket if they really get crazy , as they do now
+3	but the police ( in the form of a President ) would be there with a straitjacket	they really get crazy
+6	President Bush has endorsed the idea	at least 50 sitting Senators have voted to support enhanced rescission authority in the past
+1	We 're told Senator Pryor is n't yet a co-sponsor	if he and his colleagues are serious about kicking their compulsions , they 'll sign up
+3	but they 'll sign up	he and his colleagues are serious about kicking their compulsions
+11	Business and civic operations lurched back toward normalcy here	congressional officials estimated that the price tag for emergency assistance to earthquake-ravaged California would total at least $ 2.5 billion
+6	That is a minimum figure	I underscore minimum
+10	That is a minimum figure , and I underscore minimum , '' said House Speaker Thomas Foley ( D. , Wash . )	conferring with California lawmakers
+6	The Office of Management and Budget has begun looking into legislation to provide more funds for earthquake repairs	California 's 45-member delegation in the House is expected to propose that emergency funds be added to a stop-gap spending bill that the House Appropriations Committee is to consider Monday
+1	Banks indicated they were operating at greater than 90 % of their usual capacity	a Nob Hill hotel said tourists had fled , leaving the previously full hotel with an 80 % vacancy rate
+6	Securities-trading operations were moved to Bank of America 's Concord office	foreign-exchange trading operations were shifted to Los Angeles
+6	Only five of 496 branches statewide remain closed	23 of 600 automated-teller machines remained out of order
+6	Many streets and sidewalks buckled	subterranean water mains and service connections ruptured
+2	California lawmakers are seeking changes in rules governing the federal highway relief program	more money can be made available for the state
+6	that opened in its walls	marble facings and ornamental plaster at the Beaux Arts City Hall broke off in the temblor
+6	142 claims were received in the first 24 hours after the quake	the company is braced for as many as 5,000 claims from its 35,000 residential and 35,000 business policyholders in the affected area
+6	Claims range from a scratched fender to a major processing plant	there were an awful lot of cars damaged in this
+6	California lawmakers want to eliminate temporarily a $ 100 million cap on the amount of federal highway relief for each state for each disaster , as well as a prohibition on using the emergency highway aid to repair toll roads	under the highway-relief program , the federal government provides 100 % of emergency highway aid for only the first 90 days of a repair effort
+6	For interstate highways , the federal share normally would drop to 90 % of the cost of repairs	the state would have to pick up the remainder of the cost
+1	In addition , under the highway-relief program , the federal government provides 100 % of emergency highway aid for only the first 90 days of a repair effort	lawmakers want to extend the period for 100 % federal funding for several months
+6	California lawmakers want to eliminate temporarily a $ 100 million cap on the amount of federal highway relief for each state for each disaster , as well as a prohibition on using the emergency highway aid to repair toll roads	Those changes would apply to two areas hit hard by Hurricane Hugo -- South Carolina and the U.S. Virgin Islands , according to an aide to Rep. Fazio
+6	Banks indicated they were operating at greater than 90 % of their usual capacity , but a Nob Hill hotel said tourists had fled , leaving the previously full hotel with an 80 % vacancy rate.City crews tallied the wreckage to buildings , but lacked a clear sense of how gravely transportation arteries were disabled.Among the city 's banks , Bank of America said all but eight of its 850 branches were open.The closed branches , in San Francisco , Hayward , Santa Clara and Santa Cruz , sustained structural damage.Power failures kept just seven of its 1,500 automated-teller machines off-line.Securities-trading operations were moved to Bank of America 's Concord office , and foreign-exchange trading operations were shifted to Los Angeles , the bank said . Wells Fargo & Co. said its Emergency Operations Committee -- which met all night Tuesday -- moved its global-funds transfer system to El Monte , Calif. , 500 miles to the south.Only five of 496 branches statewide remain closed , while 23 of 600 automated-teller machines remained out of order . The most extensive damage was in small towns near the quake 's epicenter , 80 miles south of San Francisco.Santa Cruz County estimates total damage at nearly $ 600 million.Santa Clara County has a running total so far of $ 504 million , excluding the hard-hit city of Los Gatos . Oakland officials were still uncertain about the magnitude of structural damage late yesterday ; a section of I-880 , a twotiered highway , collapsed in Oakland , causing a majority of the deaths resulting from the quake . San Francisco Mayor Art Agnos estimated that damages to the city total $ 2 billion.That includes dwellings in the ravaged Marina district that must be demolished , peeled business facades south of Market Street , and houses in the city 's outer Richmond district that were heaved off their foundations.Many streets and sidewalks buckled , and subterranean water mains and service connections ruptured . The federal funds would go to a range of programs , including the Federal Emergency Management Agency , highway construction accounts and the Small Business Administration , according to Rep. Vic Fazio ( D. , Calif. ) . FEMA , which coordinates federal disaster relief , is already strapped by the costs of cleaning up after Hurricane Hugo , which hit the Carolinas last month.It is likely to get as much as $ 800 million initially in additional funds , and eventually could get more than $ 1 billion , according to Mr. Fazio , a member of the House Appropriations Committee . White House spokesman Marlin Fitzwater said there is enough money on hand to deal with immediate requirements.The Bush administration has at its disposal $ 273 million in funds remaining from the $ 1.1 billion Congress released for the cleanup after Hurricane Hugo . `` We feel we have the money necessary to handle the immediate , short-term requirements , '' Mr. Fitzwater said.He added that the Office of Management and Budget , the Transportation Department and other agencies are `` developing longer-term legislation '' that should be ready soon . Much of the cost of cleaning up after the earthquake will involve repairing highways and bridges.California lawmakers are seeking changes in rules governing the federal highway relief program so more money can be made available for the state . Some things ca n't be repaired.The Asian Art Museum in Golden Gate Park reports $ 10 million to $ 15 million in damage , including shattered porcelains and stone figures.Its neighbor , the De Young Museum , totaled $ 3 million to $ 5 million in structural damage and shattered sculpture . The city 's main library is closed because of fissures that opened in its walls , and marble facings and ornamental plaster at the Beaux Arts City Hall broke off in the temblor . The ground along the Embarcaderothe street that skirts the city 's eastern boundary and piers -- dropped six inches after the quake , wreaking major damage to at least one of the piers.At San Francisco International Airport , shock waves wrecked the control tower , knocking down computers and shattering glass.Offices of the city 's Rent Board were destroyed . Mayor Agnos 's $ 2 billion estimate does n't include damage to freeway arteries leading into the city , some of which remained closed.A major chunk of the $ 2 billion is expected to be eaten up by overtime for city workers deployed in the emergency , said a spokesman for Mr. Agnos . `` All of the city 's $ 5.9 million emergency reserve was spent in the first 24 hours '' on overtime salaries , he said . Insurers struggled to to get a firm grasp on the volume of claims pouring into their offices . At Fireman 's Fund Corp. , a spokesman said 142 claims were received in the first 24 hours after the quake , and the company is braced for as many as 5,000 claims from its 35,000 residential and 35,000 business policyholders in the affected area . `` Claims range from a scratched fender -- and there were an awful lot of cars damaged in this -- to a major processing plant , '' a spokesman said . `` We 're delivering a check for $ 750,000 to an automotive business in Berkeley that burned on Tuesday . '' Fireman 's is part of a $ 38 million syndicate that supplies business interruption insurance to the city on the Bay Bridge , which must pay employees during the three weeks or more it is expected to be out of service and deprived of toll income . California lawmakers want to eliminate temporarily a $ 100 million cap on the amount of federal highway relief for each state for each disaster , as well as a prohibition on using the emergency highway aid to repair toll roads . In addition , under the highway-relief program , the federal government provides 100 % of emergency highway aid for only the first 90 days of a repair effort.After that , the federal share diminishes.For interstate highways , the federal share normally would drop to 90 % of the cost of repairs , and the state would have to pick up the remainder of the cost.But lawmakers want to extend the period for 100 % federal funding for several months . Those changes also would apply to two areas hit hard by Hurricane Hugo -- South Carolina and the U.S. Virgin Islands , according to an aide to Rep. Fazio	the FEMA announced a toll-free telephone number ( 800-462-9029 ) to expedite service to victims of the earthquake
+6	The state is calling in a flotilla of navy landing vessels and other boats to expand ferry service across the bay and hopes to add numerous new bus routes and train departures to help alleviate the traffic problem	state officials are urging freight haulers to bypass many of the area 's main highways and to travel late at night or during predawn hours
+10	she 's not going home	the { World Series } is over
+1	There are no easy choices in Cambodia	we ca n't imagine that it benefits the U.S. to become the catalyst for an all-too-familiar process that could end in another round of horror in Cambodia
+10	the State Department is talking again about accepting an `` interim '' coalition government in the Cambodian capital of Phnom Penh	Vietnam appears to have pulled out its occupation army
+2	the State Department is talking again about accepting an `` interim '' coalition government in the Cambodian capital of Phnom Penh	Vietnam appears to have pulled out its occupation army
+8	Within two years , the moderates were exiled or in prison , Nicaragua had gone communist	the Sandinistas were building one of the biggest armies in Latin America and threatening their neighbors
+11	it turned out they were opening the door to communist domination	the Western powers bowed to pressure for such a coalition
+2	it turned out they were opening the door to communist domination	the Western powers bowed to pressure for such a coalition
+1	It 's not clear which crew of communists might prevail in a coalition government	the one good bet is that the non-communists would disappear
+11	to die of malaria and malnourishment	building Cambodia 's equivalent of the Berlin Wall near the Thai border
+1	The Hun Sen regime has sent thousands of conscript laborers to die of malaria and malnourishment while building Cambodia 's equivalent of the Berlin Wall near the Thai border	The Khmer Rouge carry an unsurpassed record for Cambodian tyranny
+1	The world might want to believe that the Khmer Rouge ca n't still be such bad guys , just as in the late 1970s it was reluctant to credit the reports of genocide then taking place	there is no solid evidence that the Khmer Rouge have changed
+2	But there is no solid evidence that the Khmer Rouge have changed	it 's difficult to swallow the notion that Mr. Baker is willing to accept conditions that would help the Khmer Rouge set up shop again in Phnom Penh
+1	True , Prince Sihanouk backs the idea of such a coalition , at least for this week	Prince Sihanouk has backed all sorts of ideas over the years , and done rather better by himself than by Cambodia
+6	So it 's difficult to swallow the notion that Mr. Baker is willing to accept conditions that would help the Khmer Rouge set up shop again in Phnom Penh	should the U.S. worry much about offending China
+6	U.S. diplomacy has done it before	it will likely do it again
+1	The administration and Congress have lately tangoed around the idea of sending military aid to Cambodia 's non-communists	now the possibility of `` diplomatic movement '' ( Vietnam 's withdrawal , the Baker initiative ) has put that plan on hold , with the proviso that if the going got rough , the U.S. would then rearm the opposition
+3	that the U.S. would then rearm the opposition	the going got rough
+11	it would be particularly awful to know that the United States sat on military aid and deprived these people of the means to settle their fate with at least a little honor	that day comes
+6	published by this company	that has interests in book publishing , fine china , oil services and investment banking
+2	It is eliminating the positions of president and chief operating officer , formerly held by Edward L. Marinaro	Mr. Marinaro has resigned from those posts and from the company 's board
+6	that it had cash and marketable securities totaling $ 22.5 million on Sept. 30	stockholders ' equity is $ 60.1 million
+2	Manufacturers frequently do n't have anyone who is a specialist in natural gas	a specialist such as Clinton can save them substantial amounts of money
+6	Manufacturers frequently do n't have anyone who is a specialist in natural gas	a specialist such as Clinton can save them substantial amounts of money
+11	viewers discover they 're watching a commercial for Lone Star Beer , the pride of Texas , a product of G. Heileman Brewing Co. , a La Crosse , Wis. , unit of Bond Corp	the music swells
+6	As the ad 's tone implies , the Texas spirit is pretty xenophobic these days	Lone Star is n't alone in trying to take advantage of that
+1	the latest trend has been sparked , in part , by the state 's recent hard economic times	advertisers have long appealed to Texans ' state pride and prejudices
+1	That has taken some of the swagger out of natives who like to brag that Texas is the only state that was once a nation	it has increased their legendary resentment of outsiders
+10	In the past outlanders were accepted	passing a series of tests to prove they had the `` right '' Texas attitudes and `` of course they had to be dipped for parasites
+6	In the past outlanders were accepted only after passing a series of tests to prove they had the `` right '' Texas attitudes	of course they had to be dipped for parasites
+7	that some of the most-jingoistic advertising comes courtesy of outsiders	Lone Star 's Bond Corp. parent hails from Perth , Australia
+7	This plays right into the hands of the advertising agencies	the iced-tea radio campaign for Thomas J. Lipton Co. , an Englewood Cliffs , N.J. , unit of Anglo-Dutch Unilever Group , emphatically proclaims : `` Real Texans do not wear dock-siders -- ever.Real Texans do n't play paddleball , at least I hope not.This is football country.And another thing -- real Texans drink Lipton iced tea
+8	Real Texans do not wear dock-siders -- ever.Real Texans do n't play paddleball , at least I hope not.This is football country	another thing -- real Texans drink Lipton iced tea
+1	Not exactly sophisticated market research	who cares as long as the campaigns work
+3	but who cares	the campaigns work
+11	but who cares	the campaigns work
+6	but who cares as long as the campaigns work	ad agencies insist that they do
+10	The North Texas Chevy Dealers recently had a record sales month	the debut of ad campaign that thumbs its nose at elite Easterners
+8	The North Texas Chevy Dealers recently had a record sales month after the debut of ad campaign that thumbs its nose at elite Easterners	deposits at NCNB Texas National Bank , a unit of NCNB Corp. , Charlotte , N.C. , have increased $ 2 billion since last year after heavy advertising stressing commitment to Texas
+10	And deposits at NCNB Texas National Bank , a unit of NCNB Corp. , Charlotte , N.C. , have increased $ 2 billion since last year	heavy advertising stressing commitment to Texas
+2	Texans drive Chevy	they want a truck that is `` Texas tough
+11	According to several ad-agency sources , newcomers to the Texas banking market are spending a combined $ 50 million this year to woo Texans	surviving Texas banking institutions are busily pitching themselves as the only lenders who truly care about the state
+6	According to several ad-agency sources , newcomers to the Texas banking market are spending a combined $ 50 million this year to woo Texans	surviving Texas banking institutions are busily pitching themselves as the only lenders who truly care about the state
+0	The most-strident anti-outsider sentiment among bankers comes from the Independent Bankers Association of Texas	it 's hard to tell from previews of the $ 5 million `` The I 's of Texas '' TV campaign
+1	although it 's hard to tell from previews of the $ 5 million `` The I 's of Texas '' TV campaign	in introductory material for the campaign , the trade group urges members to `` arm '' for a `` revolution '' against big , out-of-state bank-holding companies
+2	Texans can sniff a phony a mile away	do n't come and try to con us with a howdy y'all or a cowboy hat
+6	The ad is part of Classic Coke 's 1990 ad campaign , with the tag line , `` Ca n't beat the Real Thing	Basketball star Michael Jordan and singer Randy Travis have agreed to appear in ads
+0	earnings are expected to be 25 cents to 35 cents a share , down from previous estimates of 50 cents to 60 cents	it expects revenue to meet or exceed previous projections of $ 385 million for the year ending Jan. 28 , 1990
+1	Some delays have been caused by a shortage of micoprocessors -- notably Intel Corp. 's newest chip , the 486	others apparently have been caused by Dell 's explosive growth and thinly stretched resources
+11	They 've got a lot of different balls in the air at the same time , '' observes Jim Poyner , a computer securities analyst with Dallas-based William K. Woodruff & Co	Mr. Dell concedes the company was `` definitely too optimistic '' in its expectations
+6	They 've got a lot of different balls in the air at the same time , '' observes Jim Poyner , a computer securities analyst with Dallas-based William K. Woodruff & Co	Mr. Dell concedes the company was `` definitely too optimistic '' in its expectations
+1	Mr. Dell attributed the earnings slide to new product delays , such as a laptop scheduled for September that wo n't be introduced until early November	Product delays have left Dell buffeted by harsher competition in its bread-and-butter line of desktop computers
+2	Product delays , however , have left Dell buffeted by harsher competition in its bread-and-butter line of desktop computers	powerhouse competitors Compaq Computer Corp. and International Business Machines Corp. price their PCs more aggressively
+1	to place increased emphasis on product quality , `` in an effort to rise above some of that price pressure	that has been the key to Compaq 's success whereas Dell carved out its market niche as a direct seller of low-cost but reliable computers
+1	But that has been the key to Compaq 's success	Dell carved out its market niche as a direct seller of low-cost but reliable computers
+6	whereas Dell carved out its market niche as a direct seller of low-cost but reliable computers	it might be too late in the game for a shift in strategy
+6	it agreed to buy well-servicing assets of two companies and expects to report higher third-quarter revenue and earnings	it signed letters of intent for the cash and stock purchases of a total of 29 well-servicing rigs from two concerns located in New Mexico and California
+2	third-quarter net income edged up	growth in its oil-field services sector offset a decline in interest income
+2	The lower interest income occurred	Schlumberger spent $ 1.2 billion buying back its stock last year
+1	Revenue declined 6.3 % to $ 1.11 billion from $ 1.18 billion	excluding businesses acquired or sold , revenue was flat at about $ 1.24 billion
+1	The group has n't forecast full-year earnings for 1989	that its first-half results are n't a good indication because of one-time elements and the seasonal nature of its operations
+1	Few specialists said they expect the quake to have much of an effect on most California property values	real-estate experts and brokers said the quake undoubtedly will drag down prices in neighborhoods built on less stable ground , especially in the Bay Area
+1	Neither she nor other real-estate executives and brokers could project how much less Marina properties might bring	she said the two-tier price structure would affect prices `` for a while
+1	a widespread corporate flight in the quake 's aftermath	the quake will force some companies to relocate or expand part or all of their operations outside the state
+7	Because of the quake threat , `` some firms have evaluated what the cost is to shore up their buildings and compared it with the cost of building it elswehere	One Southern California aerospace firm two months ago asked Location Management to compare the costs of reinforcing its current building against earthquakes with the cost of building a new structure elsewhere
+0	that its banks have denied the company 's request to pay it	it has the cash to cover the 25-cent-a-share dividend
+2	that its banks have denied the company 's request to pay it	the trust has n't met certain terms
+10	it has `` numerous financing activities '' under way to remedy the problem	and will make up the dividend payment
+3	and will make up the dividend payment later	possible
+6	Under terms of the transaction , which was proposed in June , Doman said it acquired International Forest Products Ltd. 's 22 % stake in Western Forest	Western Forest , in a related transaction , bought back a 22 % interest in the company from Fletcher Challenge Canada Ltd
+10	and Western Forest , in a related transaction , bought back a 22 % interest in the company from Fletcher Challenge Canada Ltd	The Fletcher Challenge Canada stake was canceled
+6	raising Doman 's interest in Western Forest to 56 %	it was granted an option to acquire the remaining 44 % interest in Western Forest
+2	The extension of federal regulatory authority over telephone utilities in the Atlantic provinces has n't required special legislation	they are investor-owned
+2	it will pay all omitted dividends when debt-reduction requirements have been met	the preferred stock is cumulative
+10	it will pay all omitted dividends	debt-reduction requirements have been met
+11	The company 's new management wanted to extend the loan	it tries to sell two units
+10	Three savings-and-loan institutions in Kansas and Texas were added to the Resolution Trust Corp. 's conservatorship program	federal regulators declared the thrifts insolvent and named the RTC their receiver
+11	The three insolvent thrifts will maintain normal business hours and operations under RTC-appointed managing agents	the RTC tries to negotiate permanent resolutions
+6	Three savings-and-loan institutions in Kansas and Texas were added to the Resolution Trust Corp. 's conservatorship program after federal regulators declared the thrifts insolvent and named the RTC their receiver	Century Bank , Phoenix , Ariz. , was closed by Arizona banking officials
+6	The Federal Deposit Insurance Corp. approved the assumption of Century 's deposits and fully secured liabilities by a newly chartered subsidiary of Valley Capital Corp. , Las Vegas	The new institution is called Century Bank
+6	The new institution is also called Century Bank	the failed bank 's five offices will reopen today
+6	The newly chartered bank will assume about $ 125.7 million in 10,300 deposit accounts and pay the FDIC a purchase premium of $ 2.9 million	It will buy about $ 91.7 million of assets
+6	It also will buy about $ 91.7 million of assets	the FDIC will advance $ 31.8 million to the assuming bank
+11	The announcement came	Societe Commerciale , a trading company with activities in more than 40 countries , reported a loss of 320.5 million francs ( $ 51 million ) for the first six months of this year , partly because of provisions on future losses
+1	IBM and MCA formed Discovision in 1979 to make laser-read optical products	the partners did n't believe the market for the systems was developing as rapidly as they had hoped
+10	Discovision ceased manufacturing operations in 1982 and sold many of its assets to Tokyo-based Pioneer , among others	reportedly investing $ 100 million in the business
+6	Discovision now has world-wide license agreements with major manufacturers covering CD audio disks , audio disk players , videodisks and videodisk players	It licenses optically based data storage and retrieval devices
+1	that IBM and MCA had n't planned to sell the joint venture , which is now profitable	that Pioneer approached Discovision earlier this year
+10	whether Discovision 's current management will remain	Pioneer buys the company
+11	Tokyo stocks closed higher in moderately active but directionless trading	the recent anxiety in world stock markets continued to fade
+6	Tokyo stocks closed higher in moderately active but directionless trading	London shares closed firmer in thin trading
+6	London shares also closed firmer in thin trading driven largely by technical factors and support from a new Wall Street rally	Prices rose on almost every other major exchange in Europe , Asia and the Pacific
+1	The morning session was dominated by individuals and dealers	some institutions participated in the afternoon , encouraged by the market 's firmness
+10	that participants realized that the Tokyo and New York markets have different economic fundamentals	looking at the reasons for Friday 's Wall Street plunge
+3	that the Tokyo market will remain firm with a moderately upward trend for the rest of the year	New York stocks just fluctuate in or near their current range
+1	that if New York stocks just fluctuate in or near their current range , the Tokyo market will remain firm with a moderately upward trend for the rest of the year	the market lacks a base on which to set long-term buying strategy , as the future direction of U.S. interest rates remains unclear
+2	the market lacks a base on which to set long-term buying strategy	the future direction of U.S. interest rates remains unclear
+2	Investor interest switches back and forth ceaselessly	they are unable to shift their weight to one side for sure
+2	Many of Wednesday 's winners were losers yesterday	investors quickly took profits and rotated their buying to other issues
+10	Many of Wednesday 's winners were losers yesterday	investors quickly took profits and rotated their buying to other issues
+8	Fujisawa Pharmaceutical gained 130 to 1,930 yen ( $ 13.64 ) a share , Mochida Pharmaceutical was up 150 at 4,170	Eisai advanced 60 to 2,360
+8	Daiwa House advanced 100 to 2,610 , Misawa Homes was up 60 at 2,940	Sekisui House gained 100 to 2,490
+6	Housing issues were boosted by a report that Daiwa House expects to post 43 % higher earnings for its latest fiscal year	Leading construction companies attracted interest for their strong earnings outlooks
+8	Ohbayashi was up 60 to close at 1,680 , Shimizu gained 50 to 2,120	Kumagai-Gumi advanced 40 to 1,490
+10	Steel shares fell back	advancing for three days
+8	Kawasaki Steel was down 11 at 788 , Kobe Steel lost 5 to 723	Nippon Steel slipped 6 to 729
+11	Mitsubishi Rayon , a leading advancer Wednesday , fell 44 to 861	investors grabbed profits
+2	Mitsubishi Rayon , a leading advancer Wednesday , fell 44 to 861	investors grabbed profits
+1	the market was underpinned by a squeeze in FT-SE 100 stocks , particularly among market-makers seeking shares that had been hit hard in recent weeks , such as retailers and building-related concerns	despite the flurry of interest in those shares the market remains nervous about Wall Street 's volatility and high U.K. interest rates
+10	Insurers recovered ground again on market-maker demand and speculative buying linked to talk of mergers in the industry	the European Community 's planned market unification in
+8	Sun Alliance fell 1 to close at 289	General Accident jumped 10 to # 10.13
+10	B.A.T Industries surged in afternoon dealings	its shareholders approved a plan to dispose of its U.S. and U.K. retailing operations to fend off Hoylake Investment 's # 13.4 billion ( $ 21.33 billion ) hostile bid
+6	after its shareholders approved a plan to dispose of its U.S. and U.K. retailing operations to fend off Hoylake Investment 's # 13.4 billion ( $ 21.33 billion ) hostile bid	With the company exercising a plan to buy back as many as 10 % of its shares outstanding
+6	In other European markets , shares closed sharply higher in Stockholm , Frankfurt , Zurich and Paris and higher in Milan , Amsterdam and Brussels	Prices closed higher in Singapore , Sydney , Taipei , Wellington , Hong Kong and Manila but were lower in Seoul
+6	Mr. Agnos declined the invitations , the White House said	Marlin Fitzwater , White House press secretary asserted that Mr. Agnos had failed to return telephone calls from John Sununu , White House chief of staff
+6	that Mr. Agnos , along with the mayors of Oakland and Alameda , are to accompany President Bush on a tour of the earthquake area today	that Mr. Agnos had been `` very helpful '' in making arrangements for Mr. Bush 's hastily scheduled trip to California
+6	Gold and silver broker Preston Semel asked a federal court to halt the Commodity Exchange from imposing a record $ 550,000 fine on his firm	The suit asks that the Comex 's nine-month suspension of Mr. Semel be lifted , pending the broker 's appeal of the disciplinary measures
+5	that the broker and his firm `` will be irreparably injured and their business will be totally and permanently destroyed	the sanctions are halted pending an appeal
+8	that the broker and his firm `` will be irreparably injured	their business will be totally and permanently destroyed
+6	Already the firm has paid $ 211,666 of the fine	it will have to liquidate additional assets in order to pay the rest
+10	it would have no comment on Mr. Gintel 's plans	further information has been disclosed by him
+6	Xtra , a transportation leasing company , said in a statement it would have no comment on Mr. Gintel 's plans until `` further information has been disclosed by him	The company said its 1990 annual meeting has not been scheduled
+2	STOCKS AND BONDS SURGED on the second anniversary of Black Monday	a favorable inflation report prompted speculation of lower interest rates
+10	The Dow Jones industrials closed up 39.55 , at 2683.20	rising over 60 points in mid-afternoon
+11	The dollar finished mixed	gold declined
+1	The dollar finished mixed	gold declined
+1	Energy prices continued to fall at the retail level	economists worried about a big rise in wholesale energy costs
+6	to pass a capital-gains cut in the Senate	Other tax breaks are likely to be restored or created in the coming months
+2	to be restored or created in the coming months	special interest groups try to undo the 1986 tax overhaul
+11	to be restored or created in the coming months	special interest groups try to undo the 1986 tax overhaul
+3	that a price war could erupt this Christmas	cash-strapped firms such as Campeau slash prices to spur sales
+6	AT & T unveiled a sweetened early retirement plan for management that the company hopes will save it $ 450 million in the next year	profit rose 19 % in the third quarter
+1	Bell Atlantic posted a strong earnings gain for the third quarter , as did Southern New England Telecommunications	Nynex , Pacific Telesis and U S West had lower profits
+1	NASA awarded the contract to CSC in November	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
+6	but an appeal by Sterling Software Inc. of Dallas sent the contract to the General Services Administration Board of Contract Appeals	the board required NASA to re-evaluate bidders ' proposals
+11	three strong aftershocks , one measuring 5.0 on the Richter scale , jolted the region	power and commuters returned to much of downtown San Francisco for the first time since Tuesday 's temblor in the Bay area
+11	As power and commuters returned to much of downtown San Francisco for the first time since Tuesday 's temblor in the Bay area , three strong aftershocks , one measuring 5.0 on the Richter scale , jolted the region	Californians tried to cope with still-limited services , blocked roadways and water shortages in the aftermath of the tremor that left scores dead and injured
+6	As power and commuters returned to much of downtown San Francisco for the first time since Tuesday 's temblor in the Bay area , three strong aftershocks , one measuring 5.0 on the Richter scale , jolted the region	Californians tried to cope with still-limited services , blocked roadways and water shortages in the aftermath of the tremor that left scores dead and injured
+6	Bush is to visit the area today	officials in Washington estimated that emergency assistance would total at least $ 2.5 billion
+0	the 51-48 vote was well short of the two-thirds needed to approve changes in the Constitution	the proposal won a slight majority
+10	The reversal came	the government conceded that investigators may have faked evidence
+11	a pro-democracy protest erupted in the Baltic city of Greifswald , and activists threatened further rallies against leader Krenz 's expected hard-line policies	they conferred near East Berlin
+6	As they conferred near East Berlin , a pro-democracy protest erupted in the Baltic city of Greifswald	activists threatened further rallies against leader Krenz 's expected hard-line policies
+6	detaining Czechoslovakia 's former foreign minister , Jiri Hajak , and 14 other activists	A leading U.S. human-rights monitor was briefly held
+11	The Galileo spacecraft sped unerringly toward the planet Jupiter	five astronauts aboard the space shuttle Atlantis measured the Earth 's ozone layer
+10	Argentina and Britain agreed to resume diplomatic and economic relations	the two nations battled over the Falkland Islands
+11	Rebel artillerists bombarded the capital of Afghanistan , killing at least 12 people	the Soviet Union was reported to be airlifting arms and food to Kabul 's forces
+6	Rebel artillerists bombarded the capital of Afghanistan , killing at least 12 people , as the Soviet Union was reported to be airlifting arms and food to Kabul 's forces	Fighting was reported around the strategic town of Khost , near the Pakistani border
+11	The talks came	Lebanese negotiations on political changes appeared deadlocked
+10	the dollar rebounded later in the trading day	slipping on news of a smaller-than-expected U.S. inflation figure
+1	The September index fueled speculation , damaging to the dollar , that the Federal Reserve soon will ease monetary policy further	foreign-exchange dealers said the dollar staged a quick comeback , prompted by a round of short covering and some fresh buying interest later in the trading day
+2	that it could signal further easing by Fed	the consumer price index , known as the CPI , is a more comprehensive measure of inflation and is rising less rapidly than the producer-price index , or PPI
+1	They noted that because the consumer price index , known as the CPI , is a more comprehensive measure of inflation and is rising less rapidly than the producer-price index , or PPI , it could signal further easing by Fed	Others suggested that the Fed will hold any changes in monetary policy in check , leaving fed funds at around 8 3/4 % , down from the 9 % level that prevailed from July through September
+1	that both PPI and CPI climbed around 4 1/2 % year-to-year in September	that both CPI and PPI have decelerated since spring
+1	In all , the Los Angeles-based trust plans to sell its interests in 36 hotels	the corporation will sell its management interests in 32 of those properties
+10	the trust and corporation will consider a number of options including a stock repurchase , payment of special dividend or investment in more gaming properties	completing the sale and paying debts
+6	it formally received the final financing needed for a $ 3 billion bid for about 86 % of the hospital operator 's stock	the $ 3 billion bid includes $ 1 billion of debt that will be assumed by IMA , $ 600 million of high-yield junk bonds that will be sold by First Boston Corp. and $ 285 million of equity
+5	but would n't identify them	they make firm offers
+2	Some money managers are disenchanted with H & R Block	they suspect the company 's glory days are past , or at least passing
+6	Block 's tax-preparation business is mature	some of its diversifications are facing tough competition
+1	The company has consistently earned more than a 20 % annual return on its net worth	many companies would be happy with 15 %
+1	The company has consistently earned more than a 20 % annual return on its net worth while many companies would be happy with 15 %	the tax-preparation business simply has no more room to grow
+3	You go to any medium-sized town in the U.S	you 're going to see H & R Block tax services
+6	You go to any medium-sized town in the U.S	you 're going to see H & R Block tax services
+10	That was	the 1986 tax `` reform '' made taxes more complex than ever
+1	Mr. Cremonie 's firm once held about 4.8 % of H & R Block	Capital Supervisors sold the last of its H & R Block holdings earlier this year
+10	Last week the stock hit an all-time high of 37 1/4	getting roughed up in the Friday-the-13th minicrash
+3	it would be worth well over $ 5 million today	you invested $ 10,000 in the initial public offering in 1962
+1	None dare say to sell it	some money managers are doing just that
+11	we thought the growth rate was going to accelerate '' because of computerized tax filing and instant refunds	we bought it
+1	When we bought it , we thought the growth rate was going to accelerate '' because of computerized tax filing and instant refunds	neither of those developments did much to juice up growth
+1	That 's `` not bad	it sure does n't justify Block shares being priced at 15 to 16 times estimated earnings for fiscal 1990
+6	The stock was going no place	the earnings were so-so
+1	The CompuServe subsidiary is `` where the growth is	its format is `` still too complicated
+7	I would disagree '' that the tax business is mature	the company is planning to go nationwide with a new service , tested in parts of the country , aimed at taxpayers who want refunds in a hurry
+1	We 're still interested { in diversifying }	we 'd rather be prudent than make a mistake
+6	We 're still interested { in diversifying } , '' he says , `` but we 'd rather be prudent than make a mistake	He says CompuServe 's earnings continue to grow `` 20 % to 30 % a year '' in spite of tough competition from giants like Sears and IBM
+6	CompuServe 's earnings continue to grow `` 20 % to 30 % a year '' in spite of tough competition from giants like Sears and IBM	Block 's other businesses are growing , although less consistently
+2	The Chicago Board of Trade , the No . 1 U. S. grain market , had long chafed under the attention won by its innovative archrival , the livestock-dealing Mercantile Exchange	the men who ran the grain pits listened when Joseph Sullivan , a 35-year-old former Wall Street Journal newsman , offered them the idea of all-options trading
+11	So the men who ran the grain pits listened	Joseph Sullivan , a 35-year-old former Wall Street Journal newsman , offered them the idea of all-options trading
+6	By the end of 1973 , the number of `` underlying '' Big Board stocks had been increased to 50	the options exchange had run up volume of 1.1 million contracts
+2	that consideration of the owners ' financial condition is pointless	Seabrook will be allowed to charge rates sufficient to run the plant and make payments on past construction costs
+11	to continue to operate	protected from creditors ' lawsuits
+0	Bristol-Myers Co. and Squibb Corp. , Princeton , N.J. , merged Oct. 4	the new company reported third-period earnings for both companies
+6	Glass sales to Canadian and European auto makers and sales of replacement auto glass in all markets increased	The coating segment posted higher sales particularly in North America and Europe
+1	Glass sales to Canadian and European auto makers and sales of replacement auto glass in all markets increased.The coating segment also posted higher sales particularly in North America and Europe	sale increases were offset by slumping sales in flat glass and fiberglass reinforcements
+6	But sale increases were offset by slumping sales in flat glass and fiberglass reinforcements	chemicals sales were slightly down because of lower prices for vinyl chloride monomer and other chlorine derivatives
+6	Jefferies Group Inc. said third-quarter net income fell 4 % , to $ 2.2 million , or 35 cents a share , from $ 2.3 million , or 31 cents a share on more shares , a year earlier	Jefferies , a Los Angeles holding company primarily engaged in securities trading said stock market declines since the quarter ended Sept. 30 created an unrealized pretax loss of about $ 6 million in its risk arbitrage account
+6	the waiting period under the Hart-Scott-Rodino antitrust act for the $ 3.4 billion bid for Columbia	the $ 200 million offer for Guber-Peters expired Monday
+6	but is in a legal battle with Warner Communications Inc. over the services of producers Peter Guber and Jon Peters	two more suits have been filed opposing the company 's agreement to buy Columbia
+10	the question of Taiwan 's membership in the General Agreement on Tariffs and Trade should be considered	China 's own membership in the 97-nation organization is restored
+6	The Nationalists withdrew in 1950 , after their flight to Taiwan	the Communist government in Beijing applied for restoration of China 's membership in July 1986
+1	An appeals-court panel slashed all but $ 40,000 from the award , the largest ever set by a British jury , pending a reassessment of the damages	the panel dismissed the magazine 's contention that it had n't libeled Mrs. Sutcliffe when it accused her of trying to sell her story to capitalize on the notoriety of her husband
+11	that it had n't libeled Mrs. Sutcliffe	it accused her of trying to sell her story to capitalize on the notoriety of her husband
+2	Private Eye had been threatened with closure	it could n't afford the libel payment
+6	the partners plan to rent to tourists	but will sell to interested parties
+6	Senshukai has a 60 % stake in the venture	Nissho Iwai has the rest
+3	its economic growth will fall sharply	it cuts back on the use of oil , coal and gas to cap emissions of carbon dioxide
+3	that Japan 's annual economic growth rate would eventually be only 0.8 %	carbon-dioxide emissions remained at this year 's level of 300 million tons
+5	Japan 's carbon-dioxide emissions would slightly more than double by 2010	the nation reduced its dependence on fossil fuels
+1	that expanding nuclear-power capability is the quickest way to lessen that dependence	increased reliance on nuclear power would meet stiff opposition from environmentalists
+6	About 5,500 hourly workers will be laid off for a week beginning Oct. 23	overtime has been eliminated at the plant for the fourth quarter
+1	Sales of Cherokee , the best-selling Jeep , and the lower-volume Wagoneer were actually up about 10 % through the end of last month	that 's less than Chrysler officials had hoped when they set ambitious production schedules for the Toledo plant earlier this year
+11	than Chrysler officials had hoped	they set ambitious production schedules for the Toledo plant earlier this year
+11	Chrysler officials `` resisted '' cutting output because Cherokee and Wagoneer are `` very profitable vehicles	it became clear this spring that demand was n't coming up to expectations
+0	Chrysler officials `` resisted '' cutting output because Cherokee and Wagoneer are `` very profitable vehicles	it became clear this spring that demand was n't coming up to expectations
+2	Chrysler officials `` resisted '' cutting output	Cherokee and Wagoneer are `` very profitable vehicles
+5	cutting output	Chrysler officials in late May slapped $ 1,000 cash rebates on the vehicles , including the first such incentives on the popular four-door Cherokee since Chrysler bought Jeep in 1987
+1	The incentives boosted sales for a while	the pace had cooled by last month
+3	you have to close plants	people are n't buying
+6	Slowing sales of its profitable Jeep Cherokee and Wagoneer sport utility vehicles are forcing Chrysler Corp. to temporarily idle its Toledo , Ohio , assembly plant for the first time since April 1986	Chrysler said it will idle for four weeks the St. Louis assembly plant that builds the Chrysler LeBaron and Dodge Daytona models
+6	the plant is scheduled to resume production on Nov. 20	3,300 hourly workers will be affected
+11	Separately , Chrysler said it will idle for four weeks the St. Louis assembly plant that builds the Chrysler LeBaron and Dodge Daytona models	General Motors Corp. said it will idle for yet another week its Linden , N.J. , assembly plant , bringing to three weeks the total time that plant will be idled during October
+6	Separately , Chrysler said it will idle for four weeks the St. Louis assembly plant that builds the Chrysler LeBaron and Dodge Daytona models	General Motors Corp. said it will idle for yet another week its Linden , N.J. , assembly plant , bringing to three weeks the total time that plant will be idled during October
+0	The Corsica and Beretta make up the highest-volume car line at Chevrolet	sales of the cars are off 9.6 % for the year , and fell a steep 34.2 % early this month
+11	Chrysler Corp. to temporarily idle its Toledo , Ohio , assembly plant for the first time since April 1986 it will idle for four weeks the St. Louis assembly plant that builds the Chrysler LeBaron and Dodge Daytona models it will idle for yet another week its Linden , N.J. , assembly plant it will shut down for one week its Kentucky Truck Plant because of a `` shortage of dealer orders	the nine major U.S. auto makers plan to build 143,178 cars this week , down 11.7 % from 162,190 a year ago and flat with last week 's 142,117 car output
+6	Chrysler Corp. to temporarily idle its Toledo , Ohio , assembly plant for the first time since April 1986 it will idle for four weeks the St. Louis assembly plant that builds the Chrysler LeBaron and Dodge Daytona models it will idle for yet another week its Linden , N.J. , assembly plant it will shut down for one week its Kentucky Truck Plant because of a `` shortage of dealer orders	the nine major U.S. auto makers plan to build 143,178 cars this week , down 11.7 % from 162,190 a year ago and flat with last week 's 142,117 car output
+6	Loral Corp. said fiscal second-quarter net income was $ 19.8 million , or 79 cents a share , compared with year-earlier earnings from continuing operations of $ 15.6 million , or 62 cents a share	Loral reported that its bookings more than doubled to $ 654 million in the quarter , ended Sept. 30 , from $ 257 million , in the year-before period
+3	that the group will call the $ 120 million that HealthVest has outstanding under the credit line	$ 3.3 million owed to the bank group is n't paid by today
+6	HealthVest , an Austin , Texas , real estate investment trust , said that Chemical Bank , the lead bank under its domestic bank agreement , told it that if $ 3.3 million owed to the bank group is n't paid by today , the group will call the $ 120 million that HealthVest has outstanding under the credit line	The bank group said that it wo n't make additional advances under the $ 150 million credit line
+6	HealthVest , an Austin , Texas , real estate investment trust , said that Chemical Bank , the lead bank under its domestic bank agreement , told it that if $ 3.3 million owed to the bank group is n't paid by today , the group will call the $ 120 million that HealthVest has outstanding under the credit line	HealthVest said Bank of Tokyo Trust Co. also has notified it of a default and said it might take action to cure the default
+6	that Chemical Bank , the lead bank under its domestic bank agreement , told it that if $ 3.3 million owed to the bank group is n't paid by today , the group will call the $ 120 million that HealthVest has outstanding under the credit line	Bank of Tokyo Trust Co has notified it of a default and said it might take action to cure the default
+1	Bank of Tokyo Trust Co. also has notified it of a default and said it might take action to cure the default	the Tokyo bank indicated that it wo n't accelerate HealthVest 's $ 50 million loan
+2	HealthVest is in a severe liquidity bind	its affiliate , Healthcare International Inc. , has failed to make about $ 10.6 million in principal and interest payments owed since August
+6	To be economically feasible , the 11 billion Canadian dollar ( US $ 9.37 billion ) project requires almost a doubling of natural gas export prices	It faces numerous other hurdles including an agreement on a pipeline route for the gas
+6	The board estimated that the cost of building a pipeline from the Mackenzie delta to Alberta would be about C $ 5.9 million	It said projections of surging U.S. demand for natural gas and price forecasts of C $ 5.25 per thousand cubic feet by 2005 would make the project economically viable
+8	Esso , a unit of Imperial Oil Ltd. which is 71 % -owned by Exxon Corp. , will be allowed to export 5.1 trillion cubic feet to the U.S. in the 20-year period.Shell , a subsidiary of Royal Dutch/Shell Group , will be allowed to export 0.9 trillion cubic feet	Gulf , a unit of Olympia & York Developments Ltd. will be allowed to export 3.2 trillion cubic feet
+6	to sell its minority investments in makers of steam-generating and related equipment , Stein Industrie and Energie & Verfahrenstechnik , to the major shareholder in the companies , Dutch-based GEC Alsthom N.V	Combustion Engineering sold Illinois Minerals Co. , based in Cairo , Ill
+6	Assets of Construction Equipment International , Houston , were sold to Essex Crane Inc	the assets of Elgin Electronics , Erie , Pa. , were sold to closely held Charter Technologies Inc
+7	It depends on when you look	In 1900 less than 8 % of assets went into bank deposits.That rose to nearly 18 % during the Depression , and has n't changed much since
+1	That rose to nearly 18 % during the Depression , and has n't changed much since	Pension reserves made up a relatively small part of household assets until the last decade , when they skyrocketed
+8	In 1900 , for instance , less than 8 % of assets went into bank deposits.That rose to nearly 18 % during the Depression , and has n't changed much since.Pension reserves , on the other hand , made up a relatively small part of household assets until the last decade , when they skyrocketed	there has been a drastic decline in the importance of unincorporated business assets -- thanks to industry consolidation and a decline in family farms
+1	Some results are self-explanatory	other figures are surprising
+7	But other figures are surprising	Housing has remained a fairly steady component of household assets over the past decade -- although common wisdom would have expected an increase
+0	Housing , for instance , has remained a fairly steady component of household assets over the past decade	common wisdom would have expected an increase
+1	There is a lot of attention paid to housing as a form of household wealth	it has n't increased much relative to other assets
+6	It suggests that households accumulate wealth across a broad spectrum of assets	housing though it appears in the popular mind as being the major { growing } household asset , is n't
+0	And housing is n't	it appears in the popular mind as being the major { growing } household asset
+6	Housing , for instance , has remained a fairly steady component of household assets over the past decade	investors ' desire to hold stocks -- directly and through mutual funds -- has held surprisingly steady
+10	it sent a letter to LIN Broadcasting Corp. clarifying its revised tender offer for LIN and asking LIN to conduct `` a fair auction	LIN said that it would n't take a position on McCaw 's revised tender offer
+5	LIN would have a priority right to pursue all opportunities to acquire U.S. cellular interests in markets other than those in which McCaw holds an interest , or which are contiguous to those markets	LIN has an interest there or contiguous to it
+3	Independent directors would have veto rights to any acquisition	they unanimously decide it is n't in LIN 's best interest
+3	McCaw wo n't submit a bid unless the independent directors request it , and the independent directors will run the bidding	LIN is put up for sale rather than purchased by McCaw in five years
+5	McCaw wo n't submit a bid	the independent directors request it , and the independent directors will run the bidding
+6	unless the independent directors request it	the independent directors will run the bidding
+6	the success of several movies released during the quarter , including `` Parenthood '' and `` Uncle Buck , '' contributed to record revenue for its film unit	Both MCA 's music-entertainment and book-publishing units posted record revenue and operating profit
+6	The parent company 's net included a loss that was related to the company 's 50 % stake in Cineplex Odeon Corp	net included certain reserves related to the restructuring of its LJN Toys ' international operations
+1	I lose far less interest By proceeding that way	it all evens out
+6	The effete Tyrannosaurus Rex Had strict Cretaceous views on sex	that is why you only see him Reproduced in the museum
+2	The effete Tyrannosaurus Rex Had strict Cretaceous views on sex	that is why you only see him Reproduced in the museum
+1	Helmsley 's insurance division had slightly exceeded that percentage	the division was n't considered significant enough to the company to be restructured , particularly at a difficult time for the firm
+0	Adverse publicity from the scandal surrounding its founder 's wife and related management strife have put pressure on the entire Helmsley organization	individuals close to the company insist shuttering the insurance division , a sideline from the company 's core property management business , is n't the beginning of a sale of assets
+1	Outside the white-walled headquarters of the socalled Society of Orange Workers , all seems normal in South Africa 's abnormal society	inside the white walls of the Orange Workers ' office -- just about the largest building in town , save for the Dutch Reformed Church and the school -- South Africa 's neat racial order is awry
+10	White women serve tea and coffee	and wash the cups and saucers afterwards
+10	White women serve tea and coffee	and then wash the cups and saucers
+3	we want to have our own nation	we must be willing to do all the work ourselves
+6	If we want to have our own nation , then we must be willing to do all the work ourselves	They do want their own nation
+1	The pillars of apartheid may be trembling in the rest of South Africa , with Johannesburg opening its public facilities to all races , blacks storming the all-white beaches of the Cape and the government releasing seven leaders of the banned African National Congress	here in Morgenzon , a sleepy town amid the corn fields of the eastern Transvaal , the Orange Workers are holding the pillars steady
+2	The Orange Workers believe that the solution to South Africa 's racial problems is n't the abolition of apartheid , it 's the perfection of apartheid -- complete and total separation of the races	Here is where the Orange Workers have come to make apartheid 's last stand
+6	This may seem to be a preposterous and utterly futile effort in Africa	the fact that there are only 3,000 card-carrying Orange Workers may put them on the loony fringe
+1	This may seem to be a preposterous and utterly futile effort in Africa.And the fact that there are only 3,000 card-carrying Orange Workers may put them on the loony fringe	their ideal of an Afrikaner homeland , an all-white reserve to be carved out of present-day South Africa , is a mainstream desire of the right-wing , which embraces about one-third of the country 's five million whites
+2	The Orange Workers are just putting this preaching into practice	farmer Johan Fischer , his T-shirt and jeans covered in grease , crawls around under his planter , tightening bolts and fixing dents
+6	Over at the fiberglass factory , four white workers assemble water tanks on their own	in their spare time they build townhouses across the road
+10	On Main Street , Alida Verwoerd and her daughters look after the clothes and fabric shop	hurry home to fix lunch for the rest of the family
+3	whites should also build it by themselves	whites want to play there by themselves
+6	to play there by themselves	whites should build it by themselves
+3	we have to change our way of life	we want to survive as a people
+4	apartheid means you want cheap black labor and all the comforts that go with it , but you also want to exclude the blacks from social and political integration	these are two contradictions that ca n't go on forever
+1	you want cheap black labor and all the comforts that go with it	you also want to exclude the blacks from social and political integration
+6	you want cheap black labor and all the comforts that go with it	but you want to exclude the blacks from social and political integration
+1	People took separate development as an opportunity to use black labor without ever getting rid of it	my father meant it to mean real separation
+10	According to Mr. Verwoerd , the early Afrikaner pioneers were the first people to settle in the eastern Transvaal , even before the blacks	when Morgenzon was incorporated in 1908 , the farmer who owned the land stipulated that only whites could reside in town
+10	Then the farmer who owned the land stipulated that only whites could reside in town	Morgenzon was incorporated in 1908
+1	blacks could work there	they had to leave at night
+8	Weeds push up through the cracks in the sidewalks	many houses and storefronts are empty
+1	So far , about 150 Orange Workers have moved here , spending nearly $ 1 million buying up property over the past three years	complete and total segregation remains elusive
+6	We need them	I thank God for them
+10	that Morgenzon will boom	the Afrikaners finally realize there is no turning back the integration of South African society and politics
+10	not to wait	they have to fight for their own nation
+10	The ANC wo n't be stopped	there is a provision for black aspirations
+6	The ANC wo n't be stopped until there is a provision for black aspirations	no government will stop this idea of the Afrikaners
+4	that 's their choice	the rest of South Africa wants to have an integrated melting pot
+6	We just want to have our own cup of tea	they will even serve it themselves
+1	Okay , now you can pick up that phone	do n't do anything rash
+6	The market is sending nervous signals	it 's `` unwise '' to be overcommitted to stocks
+2	The market is sending nervous signals	it 's `` unwise '' to be overcommitted to stocks
+1	We expect a choppy and sloppy market for a short period	we do n't think it will be ugly
+6	We expect a choppy and sloppy market for a short period , but we do n't think it will be ugly.The downside is limited	even those who say some selective selling may be in order stress that individuals need to be in the stock market to achieve their long-term investment objectives and to help balance their other assets
+6	that are n't doing well now	that do n't have good earnings prospects
+3	that 's enough to dump the stock	earnings do n't live up to analysts ' expectations
+1	An earnings disappointment may reflect a situation that 's short-term	The risk is that earnings disappointments will continue
+6	The economy is decelerating after six good years	right now it 's better to shoot first and ask questions later
+2	The economy is decelerating after six good years	right now it 's better to shoot first and ask questions later
+10	to shoot first	and ask questions
+3	companies with high debt ratios will be dumped en masse	we do have an economic slowdown
+11	Takeover activity will slow down	more and more banks tighten their lending requirements
+2	Takeover activity will slow down	more and more banks tighten their lending requirements
+6	Takeover activity will slow down as more and more banks tighten their lending requirements , he says . `` There 'll be fewer and fewer deals	many financial advisers say individuals should be in the stock market as long-term investors , not as traders trying to catch the next hot stock.In general , they say , avoid takeover stocks
+3	it 's all right to pay 20 times earnings	you think earnings will grow at 20 % a year
+1	If you think earnings will grow at 20 % a year , it 's all right to pay 20 times earnings	do n't pay 30 times earnings for a company that 's expected to grow at 15 % a year
+3	but `` will be ruthless with stocks	the earnings are n't there
+3	that knocks out all your growth stocks	you say sell anytime a company 's price/earnings ratio exceeds 15
+3	investors should consider selling	there has been a fundamental change in a company since they bought its stock
+10	if there has been a fundamental change in a company	they bought its stock
+6	Say you purchased a stock because of a new product that was in the works.Now , because of various difficulties , the product has been scrapped.Time to sell	suppose you were attracted to a company because of expectations that sales would hit $ 200 million by 1990.If things have n't worked out that well , and sales wo n't hit $ 200 million until 1992 , it 's time to consider selling
+3	it 's time to consider selling	things have n't worked out that well , and sales wo n't hit $ 200 million until 1992
+6	If things have n't worked out that well	sales wo n't hit $ 200 million until 1992
+10	The union wo n't respond to the USX statement	Mr. Williams has studied it
+6	Robert A. Oswald , chief financial officer and a director of this natural-gas pipeline company , was elected to the additional position of executive vice president	Michael W. O'Donnell , executive vice president of a Columbia unit , was named assistant chief financial officer and a senior vice president of the parent company
+11	BankAmerica Corp. reported a 34 % jump in third-quarter earnings	its rocket-like recovery from nearly ruinous losses several years ago continued to be fueled by growth in consumer loans , higher interest margins and negligible loan losses
+2	BankAmerica Corp. reported a 34 % jump in third-quarter earnings	its rocket-like recovery from nearly ruinous losses several years ago continued to be fueled by growth in consumer loans , higher interest margins and negligible loan losses
+6	All but eight of the 850 branches reopened yesterday for business	Automated teller machine operations were up and operating yesterday
+1	For the first time in nearly two years , BankAmerica results failed to improve in consecutive quarters	the decline from the second quarter was attributable to special factors
+1	Excluding tax credits , profit was 6 % below the second quarter	that drop was caused entirely by a decline in Brazilian interest paid , to $ 5 million from $ 54 million the second quarter
+6	The company cited higher tax credits in the second quarter , totaling $ 63 million , compared with $ 28 million in the third quarter	BankAmerica continued to build its reserve against troubled foreign loans by boosting its loan-loss provision to $ 170 million , about the same as the previous quarter but well above the $ 100 million in the year-earlier quarter
+2	Moreover , BankAmerica continued to build its reserve against troubled foreign loans by boosting its loan-loss provision to $ 170 million , about the same as the previous quarter but well above the $ 100 million in the year-earlier quarter.The provision rate was far above BankAmerica 's actual net credit losses of $ 24 million in the third quarter , compared with $ 18 million in the second period and $ 38 million a year earlier	its reserve against troubled foreign-country loans , once below 25 % , now amounts to 45 % of the $ 6.4 billion of non-trade debt it calculates it is owed by those nations
+0	Third-quarter profit was 16 % below the $ 304 million , or $ 1.50 a share , earned in the 1989 second quarter	By any measure , third-quarter earnings were robust , equivalent to a 0.92 % return on assets even excluding tax credits
+1	By that key measure of operating efficiency , BankAmerica turned in a better performance than its well-regarded Los Angeles-based competitor , Security Pacific Corp. , which posted a 0.89 % return in the third quarter	it continued to badly trail its San Francisco neighbor , Wells Fargo & Co. , which reported an extraordinary 1.25 % return on assets
+2	Many plant floors currently resemble a Tower of Babel , with computers , robots and machine tools that generally speak their own language and have trouble talking to each other	if a problem develops on a production line , it is unlikely some supervisor sitting in front of a personal computer or workstation will know about it or be able to correct it
+3	As a result it is unlikely some supervisor sitting in front of a personal computer or workstation will know about it or be able to correct it	a problem develops on a production line
+2	Many plant floors currently resemble a Tower of Babel , with computers , robots and machine tools that generally speak their own language and have trouble talking to each other	IBM will be announcing more than 50 products that will be aimed at letting even the dumbest machine tool talk to the smartest mainframe , or anything in between
+6	that will be aimed at letting even the dumbest machine tool talk to the smartest mainframe , or anything in between	In an unusual display of openness , IBM will be helping customers tie together operations that include lots of equipment made by IBM 's competitors
+6	So IBM will be announcing more than 50 products that will be aimed at letting even the dumbest machine tool talk to the smartest mainframe , or anything in between.In an unusual display of openness , IBM also will be helping customers tie together operations that include lots of equipment made by IBM 's competitors	IBM will be offering programming tools designed to let anyone working on a factory floor write ad-hoc software , for instance , to do statistical analysis that would pinpoint a problem on a manufacturing line
+2	that , as usual with such broad announcements from IBM , this one will be part reality and part strategy	it will take many quarters for IBM to roll out all the products that customers need
+6	So it will take many quarters for IBM to roll out all the products that customers need	it will take years for customers to integrate the products into their operations
+6	So it will take many quarters for IBM to roll out all the products that customers need , and it will take years for customers to integrate the products into their operations	as usual , the products will appeal mostly to heavy users of IBM equipment , at least initially
+1	So it will take many quarters for IBM to roll out all the products that customers need , and it will take years for customers to integrate the products into their operations.Also as usual , the products will appeal mostly to heavy users of IBM equipment , at least initially	consultants and industry executives said the products could help make manufacturing operations more efficient , and provide a boost to the computer-integrated-manufacturing market -- a market that Yankee Group , a research firm , has said may double to $ 40 billion by 1993
+1	This is a step in the right direction	that `` a lot of this is intentions
+6	the products could help make manufacturing operations more efficient , and provide a boost to the computer-integrated-manufacturing market -- a market that Yankee Group , a research firm , has said may double to $ 40 billion by 1993	The announcements should help IBM go on the offensive against Digital Equipment Corp. on the plant floor
+1	Digital has dominated computerized manufacturing	IBM has traditionally dominated the market for computers on the business side of manufacturing operations and has done well in the market for design tools
+6	Digital has dominated computerized manufacturing	Hewlett-Packard Co has begun to gain share in the whole computer-integrated-manufacturing arena
+6	IBM will face an uphill climb against Digital , given Digital 's reputation for being better than IBM at hooking together different manufacturers ' computers	Hewlett-Packard , while a much smaller player , has made a big commitment to the sorts of industry standards that facilitate those hookups and could give IBM some problems
+0	In addition , Hewlett-Packard has made a big commitment to the sorts of industry standards that facilitate those hookups and could give IBM some problems	a much smaller player
+6	the Digital gets 30 % of its revenue from the manufacturing market	Hewlett-Packard gets 50 %
+2	That is	many companies will standardize on certain types of equipment as the various parts of the manufacturing market merge , and IBM is the biggest player
+11	because many companies will standardize on certain types of equipment	the various parts of the manufacturing market merge
+6	because many companies will standardize on certain types of equipment as the various parts of the manufacturing market merge	IBM is the biggest player
+1	IBM should be able to take advantage of its loyal following among buyers of equipment	much will depend on how quickly IBM can move
+10	The whole idea of computer-integrated manufacturing , CIM , seems to be making a comeback	losing a little luster over the past couple of years
+7	organizational changes may still be required to really take advantage of CIM 's capabilities	someone on the shop floor may not like having someone in an office using a personal computer to look over his shoulder and may be able to prevent that from happening
+1	organizational changes may still be required to really take advantage of CIM 's capabilities	a system such as IBM 's should help significantly
+7	a system such as IBM 's should help significantly	In making polyethylene sheets out of plastic chips a chip sometimes does n't melt , gets caught in the machinery and creates a run in the sheets.That can be expensive , because the problem may not be noticed for a while , and the sheets are typically thrown away . But if computers can be integrated into the process , they could alert an operator as soon as the problem occurred
+2	That can be expensive	the problem may not be noticed for a while , and the sheets are typically thrown away
+6	because the problem may not be noticed for a while	the sheets are typically thrown away
+1	because the problem may not be noticed for a while	that , if computers can be integrated into the process , they could alert an operator as soon as the problem occurred
+3	that they could alert an operator as soon as the problem occurred	computers can be integrated into the process
+10	that , if computers can be integrated into the process , they could alert an operator	the problem occurred
+6	that , if computers can be integrated into the process , they could alert an operator as soon as the problem occurred	They could check through the orders on file to find a customer that was willing to accept a lower grade of polyethylene
+5	The computer would let the machine run	that order was filled
+7	This sort of improved link figures to eventually become a significant weapon for some companies	Companies might be able to tell salespeople daily about idle equipment , so they could offer discounts on whatever that equipment produces
+2	to tell salespeople daily , for instance , about idle equipment	they could offer discounts on whatever that equipment produces
+6	Companies might be able to tell salespeople daily , for instance , about idle equipment	Salespeople could get a precise reading on when products could be delivered -- in much the same way that Federal Express has marketed its ability to tell exactly where a package is in the delivery system
+10	announced	Henry Ford II declared that the Edsel division and its gawky car would be scrapped
+2	Merkur 's death is n't nearly as costly to Ford as was the Edsel debacle	Merkur was a relatively low-budget project with limited sales goals
+1	Merkur 's death is n't nearly as costly to Ford as was the Edsel debacle , because Merkur was a relatively low-budget project with limited sales goals	Merkur 's demise is a setback for Ford at a time when the company 's image as the U.S. auto maker with the golden touch is showing signs of strain
+6	The No . 2 auto maker 's new Thunderbird and Mercury Cougar models have n't met sales expectations in the year since they were introduced	Ford 's trucks are losing ground to their GM rivals
+1	Merkur was originally aimed at enticing into Lincoln-Mercury dealerships the kind of young , affluent buyers who would n't be caught dead in a Town Car -- a vehicle so bargelike that Ford is staging a press event next month linking the Town Car 's launch to the commissioning of a new aircraft carrier in Norfolk , Va	the brand had trouble from the start
+2	The sporty coupe foundered	American buyers did n't go for the car 's unusual double-wing rear spoiler
+6	they expected the two Merkurs would sell about 15,000 cars a year	in 1988 they reached that goal
+11	and in 1988 they reached that goal	sales hit 15,261 cars
+1	and in 1988 they reached that goal , as sales hit 15,261 cars	It was downhill from there
+11	so did Merkur prices	the West German currency rose
+2	so did Merkur prices	the West German currency rose
+6	One major factor was the decline of the dollar against the mark , which began less than a year after Merkur 's 1985 launch	The Merkur cars suffered from spotty quality
+1	The Merkur cars also suffered from spotty quality	by the third quarter of 1988 , Scorpios had a high satisfaction rating in internal Ford studies
+1	But by the third quarter of 1988 , Scorpios had a high satisfaction rating in internal Ford studies	Apparently the improvement came too late
+11	Last fall , Ford announced it would discontinue the XR4Ti in the U.S. at the end of the 1989 model year	Ford said it would keep the Scorpio
+6	This year , Scorpio sales plummeted	at the current sales pace it would take Ford 242 days to sell off the current Scorpio inventory of about 4,600 cars
+10	it proposed acquiring the 44 % of Soo Line Corp. it does n't already own for $ 19.50 a share , or about $ 81.9 million	failing to find a buyer for its majority stake earlier this year
+6	Canadian Pacific and Soo Line tracks connect at two points in the West on the Canada-U.S. border	the two companies operate a very successful Chicago-Montreal rail service
+6	it proposed acquiring the 44 % of Soo Line Corp. it does n't already own for $ 19.50 a share , or about $ 81.9 million	for the first nine months , Soo Line reported a loss of $ 398,000 , or four cents a share , compared with net income of $ 12.5 million , or $ 1.32 a share , a year earlier
+6	Golden Nugget Inc. reported a third-quarter net loss of $ 13.1 million , or 76 cents a share , based on 17.2 million common shares and dilutive equivalents outstanding	the casino operator said its board approved a plan to buy-back as many as three million common shares from time to time , either in the open market or through private transactions
+1	that he has been considering and discussing a number of possible business ventures	that `` nothing is at a mature stage
+2	he `` did n't argue with '' the company 's decision to seek his resignation	contemplating outside business ventures can distract an executive from performing his best `` at the job he is paid to do
+6	it requested and received the resignation of John A. Franco , its vice chairman , as an officer and a director of the life insurance holding company	Martin H. Ruby , a managing director of Capital Holding 's Accumulation and Investment Group resigned to pursue other business interests
+6	that he had `` an amicable parting '' with Capital Holding	that he has `` a number of ventures in the financial-services area '' under consideration
+0	that his resignation was a mutual decision with Capital Holding management	that he was n't actually asked to resign
+6	The Accumulation and Investment Group is responsible for the investment operations of all Capital Holding 's insurance businesses and markets guaranteed investment contracts to bank trust departments and other institutions	It sells single-premium annuities to individuals
+0	PLASTIC PENCILS , CODE-NAMED E-71 , made their hush-hush debut in children 's pencil boxes at five-and-dime stores in 1973	few knew it then and most still think all pencils are wooden
+6	But few knew it then	most still think all pencils are wooden
+1	Eagle Pencil of Shelbyville , Tenn. , `` Pencil City U.S.A. , '' had made its earliest pilot plastic pencils in 1971	it was n't until after it hired Arthur D. Little , a Cambridge , Mass. , research concern , that its new product was refined for commercial sale in 1973
+1	that a snapped wooden pencil will have a slivered break	a plastic model will break cleanly
+6	It 's a trade secret how many were plastic	most writers still do n't know what they 're using
+1	H.F. Ahmanson & Co. , the nation 's largest thrift holding company , posted a 12 % earnings decline for the third quarter	another large California savings and loan , Great Western Financial Corp. , reported a slight earnings gain
+11	Third-quarter spreads widened to the highest level in two years	loan portfolio yields rose and money costs declined
+2	Third-quarter spreads widened to the highest level in two years	loan portfolio yields rose and money costs declined
+6	as loan portfolio yields rose	money costs declined
+1	it had a sharp increase in margins in the recent third quarter	a reduction in one-time gains on the sale of various assets and an increase in the company 's provision for loan losses held down the earnings gain
+1	Dun & Bradstreet Corp. posted a 15 % rise in third-quarter earnings	revenue declined more than 2 % , reflecting in part a continuing drop in sales of credit services in the wake of controversy over the company 's sales practices
+1	the results were as expected	that the earnings masked underlying weaknesses in several businesses
+7	The quality of earnings was n't as high as I expected	operating profit was weaker than he had anticipated , but nonoperating earnings of $ 14.6 million and a lower tax rate helped boost net income
+1	For example operating profit was weaker than he had anticipated	nonoperating earnings of $ 14.6 million and a lower tax rate helped boost net income
+6	those sales have been declining this year in the wake of allegations that the company engaged in unfair sales practices that encouraged customers to overpurchase services	that price competition in its Nielsen Marketing Research , Nielsen Clearing House and Donnelley Marketing businesses restrained revenue growth
+1	Terms include a royalty arrangement	details were n't disclosed
+5	such as how to react to discounts offered by competitors	what would be the optimum number of seats to offer at a given price
+11	it estimated the cost at $ 21 million to $ 22 million	the company last considered adding the equipment two years ago
+1	When the company last considered adding the equipment two years ago , it estimated the cost at $ 21 million to $ 22 million	a task force will have to prepare a detailed plan before the company can predict the current cost
+10	but a task force will have to prepare a detailed plan	the company can predict the current cost
+6	but a task force will have to prepare a detailed plan before the company can predict the current cost	The time schedule for installing the equipment will be developed by the task force
+6	Sir Richard Butler , 60-year-old chairman of Agricola ( U.K. ) Ltd. , was named chairman of County NatWest Investment Management Ltd. , the investment management subsidiary of County NatWest Ltd. , the investment banking arm of this British bank	Sir Richard is a non-executive director at National Westminister Bank and NatWest Investment Bank Ltd
+6	The quake knocked The Well out for six hours	when it came back up , it teemed with emotional first-hand reports
+11	but it teemed with emotional first-hand reports	it came back up
+6	The time is Pacific Daylight Time	the initials or nicknames are those subscribers use to identify themselves
+6	I was in the avenues , on the third floor of an old building	except for my heart ( Beat , BEAT ! ) I 'm OK
+6	Got back to Bolinas	everything had fallen : broken poster frames with glass on the floor , file cabinets open or dumped onto the floor
+6	I felt the temblor begin and glanced at the table next to mine , smiled that guilty smile	we both mouthed the words , `` Earth-quake ! '' together
+10	I felt the temblor begin and glanced at the table next to mine , smiled that guilty smile	we both mouthed the words , `` Earth-quake ! '' together
+6	This time , it just got stronger	then the building started shaking violently up and down as though it were a child 's toy block that was being tossed
+10	This time , it just got stronger	and the building started shaking violently up and down as though it were a child 's toy block that was being tossed
+11	I was in the Berkeley Main library	it hit
+10	Only a few books fell in the reading room	the auto paint shop fire sent an evil-looking cloud of black smoke into the air
+6	This building shook like hell	it kept getting stronger
+1	The cats are fine	nervous
+11	I was driving my truck , stopped at a red light at the corner of Shattuck and Alcatraz at the Oakland-Berkeley border	it hit
+10	It flopped all around , real dramatic	Many hairline cracks in the concrete slabs
+2	I could n't decide if I should come home to Marin	my house is on stilts
+11	There was a horrible smell of gas	I passed the Chevron refinery before crossing the Richmond-San Rafael Bridge
+10	as I passed the Chevron refinery	crossing the Richmond-San Rafael Bridge
+6	There was a horrible smell of gas as I passed the Chevron refinery before crossing the Richmond-San Rafael Bridge	I could see the clouds across the bay from the horrible fire in the Marina District of San Francisco
+6	My back is still in knots	my hands are still shaking
+2	Building on the corner severely damaged	an old lady and her very old mother are in the guest room
+6	The quivers move through my house every few minutes at unpredictable intervals	the mouse that 's been living in my kitchen has taken refuge under my desk
+11	I was in Stinson Beach	the quake rolled through town
+10	At first , we were unfazed	as things got rougher , we ran for the door and spent the next few minutes outside watching the brick sidewalk under our feet oozing up and down , and the flowers waving in an eerie rhythm
+11	Then we ran for the door	things got rougher
+1	Everyone looked calm	there was this surreal low level of confusion as the aftershocks continued
+11	but there was this surreal low level of confusion	the aftershocks continued
+6	Power is back on	UCSF { medical center } seems to have quieted down for the night
+11	A friend of mine was in an underground computer center in downtown SF	the quake hit
+11	Today should be interesting	people realize how hard life is going to be here for a while
+2	Today should be interesting	people realize how hard life is going to be here for a while
+10	I got home , let the dogs into the house and noticed some sounds above my head , as if someone were walking on the roof , or upstairs	I noticed the car was bouncing up and down as if someone were jumping on it
+10	Cupboard doors were flying , the trash can in the kitchen walked a few feet , the dogs came running	I scooted them into the dog run and stood in the doorway myself , watching the outside trash cans dance across the concrete
+6	Cupboard doors were flying , the trash can in the kitchen walked a few feet , the dogs came running	I scooted them into the dog run and stood in the doorway myself , watching the outside trash cans dance across the concrete
+10	I went and stood out in front of the house	I realized it was over
+10	and stood out in front of the house , waiting and praying for Merrill to come home , shivering as if it were 20 below zero	he got there
+11	I began to cry	I saw the pictures of 880 and the Bay Bridge
+6	I was just sitting down to meet with some new therapy clients , a couple	the building started shaking like crazy
+10	I was just sitting down to meet with some new therapy clients , a couple	the building started shaking like crazy
+6	It 's a flimsy structure , built up on supports	it was really rocking around
+6	The three of us stopped breathing for a moment	then when it kept on coming we lunged for the doorway
+10	The three of us stopped breathing for a moment	and when it kept on coming we lunged for the doorway
+11	and then we lunged for the doorway	it kept on coming
+11	Judy and I were in our back yard	the lawn started rolling like ocean waves
+11	but the next tremor threw me in the air and bounced me	I tried to get to my feet
+1	We are all fine here	Mame was extremely freaked
+1	Not one thing in the house is where it is supposed to be	the structure is fine
+11	I noticed that all the earthworms were emerging from the ground and slithering across the lawn	I was standing on the lawn with Mame
+6	Next to Chez Panisse a homeless couple , bundled into a blue sleeping bag , sat up , said , `` Good morning	then the woman smiled , said , `` Is n't it great just to be alive
+10	Next to Chez Panisse a homeless couple , bundled into a blue sleeping bag , sat up , said , `` Good morning	and the woman smiled , said , `` Is n't it great just to be alive
+1	With strong prices in the company 's two major areas -- building products as well as pulp and paper -- analysts had expected a roaring quarter	the performance exceeded some estimates of around $ 1.90 a share
+6	efforts to protect the spotted owl led to restrictions on logging in the Pacific Northwest , constricting supply and forcing prices up	strikes , both at Georgia-Pacific and other lumber companies cut supplies and raised prices
+3	that he would urge President Bush to veto the legislation	it passed Congress
+8	that the letter was n't signed by Mr. Skinner	that it did n't contain a veto threat
+2	who supported the bill	they thought the Transportation Department favored it
+2	We backed this bill	we thought it would help Skinner
+6	We backed this bill because we thought it would help Skinner	now we 're out there dangling in the wind
+3	that it would be `` cleaner , more efficient	he had authority to block buy-outs in advance
+1	A few weeks ago , Mr. Skinner testified before Congress that it would be `` cleaner , more efficient '' if he had authority to block buy-outs in advance	he never took an official position on the bill and has steadfastly maintained that he already has enough authority to deal with buy-outs
+3	and an additional 20 days	needed
+3	to block an acquisition	he concluded that it would so weaken an airline financially that it would hurt safety or reduce the carrier 's ability to compete
+5	if he concluded that it would so weaken an airline financially that it would hurt safety or reduce the carrier 's ability to compete	if it gave control to a foreign interest
+3	to block an acquisition	or it gave control to a foreign interest
+0	it is aimed at transactions financed by large amounts of debt	the legislation would apply to any acquisition of a major airline
+1	It became apparent in hearings that there ought to be regulation of leveraged buy-outs of some sort , '' Rep. James Oberstar ( D. , Minn. ) , chairman of the House Aviation Subcommittee , said during the panel 's deliberations . `` I do n't believe in the airline business you can be totally laissez-faire because of the high degree of public interest '' at stake	Mr. Skinner disagreed , calling the legislation `` a retreat from the policy of deregulaton of the airline industry
+6	calling the legislation `` a retreat from the policy of deregulaton of the airline industry	In his letter to Committee Chairman Glenn Anderson ( D. , Calif. ) , the secretary said the bill `` would be at odds with the administration 's policies welcoming open foreign investment and market allocation of resources
+1	Currently , the Transportation Department does n't have the authority to block a takeover in advance	if the secretary concludes that a transaction has made a carrier unfit to operate , the department may revoke its certificate , grounding the airline
+3	However the department may revoke its certificate	the secretary concludes that a transaction has made a carrier unfit to operate
+1	Such authority is more than adequate , say opponents of the legislation	supporters argue that grounding an airline is so drastic that the department would hesitate doing it
+6	The panel rejected a proposal pushed by AMR Corp. , the parent of American Airlines , to allow the Transportation secretary to block corporate raiders from waging proxy fights to oust boards that oppose a leveraged buy-out	It voted down proposals to give the secretary much more discretion on whether to block a buy-out and to require the department to consider the impact of a buy-out on workers
+10	London shares rallied to post strong gains	initial fears evaporated that the California earthquake would depress Wall Street prices
+1	Tokyo stocks , which rebounded strongly Tuesday , extended their gains yesterday	most other Asian and Pacific markets closed sharply lower
+10	The mood changed	dealers reappraised the direct impact of the disaster on shares and Wall Street rebounded from early losses
+6	after dealers reappraised the direct impact of the disaster on shares	Wall Street rebounded from early losses
+1	the market still has n't shaken off its nervousness after its bumpy ride of the past several sessions , caused by interest-rate increases last week and Wall Street 's 6.9 % plunge Friday	technical factors , including modest gains in the value of the pound , helped draw buying back into the market and reverse losses posted a day earlier
+8	Among composite insurers , General Accident rose 10 pence to # 10.03 ( $ 15.80 ) a share , Guardian Royal climbed 5 to 217 pence , Sun Alliance rose 3 to 290	Royal Insurance jumped 12 to 450
+1	Life insurers fared similarly , with Legal & General advancing 3 to 344	Prudential fell 2 to 184 1/2
+8	Pearl Group rose 5 to 628	Sun Life finished unchanged at # 10.98
+1	Most banking issues retreated after a sector downgrade by Warburg Securities	National Westminister showed strength on positive comments from brokerage firms about its long-term prospects
+1	The recent stock market drop has shaken confidence in the plan	the shares fell initially on questions about whether Mr. Goldsmith 's highly leveraged bid will come to fruition
+6	Merchant banker Morgan Grenfell climbed 14 to 406 on renewed takeover speculation	mentioned in the rumor mill
+11	Jaguar advanced 19 to 673	traders contemplated a potential battle between General Motors and Ford Motor for control of the U.K. luxury auto maker
+2	Jaguar advanced 19 to 673	traders contemplated a potential battle between General Motors and Ford Motor for control of the U.K. luxury auto maker
+11	On Wednesday , shares were pushed up by index-related buying on the part of investment trusts as well as small orders from individuals and corporations	Institutions stepped back to the sidelines as the direction of U.S. interest rates remained unclear
+6	On Wednesday , shares were pushed up by index-related buying on the part of investment trusts as well as small orders from individuals and corporations	Institutions stepped back to the sidelines as the direction of U.S. interest rates remained unclear
+11	Institutions , meanwhile , stepped back to the sidelines	the direction of U.S. interest rates remained unclear
+2	Institutions , meanwhile , stepped back to the sidelines	the direction of U.S. interest rates remained unclear
+2	the popularity of issues that gained yesterday wo n't last long	investors will rotate their buying choices over the short term
+2	these issues need large-volume buying to push up their prices	substantial gains are n't likely unless institutional investors participate
+5	so substantial gains are n't likely	institutional investors participate
+8	Kirin Brewery was up 100 at 2,000	Ajinomoto gained 70 to 2,840
+1	Most of those markets had rebounded the day before from Monday 's slide	unlike the Tokyo exchange , they failed to extend the rise to a second session
+10	that took place	the start of Monday 's session
+10	The industry had shown signs of recovery this summer	the central bank began to relax its clamp on credit , allowing interest rates to drop a bit after pushing them up for a year
+10	allowing interest rates to drop a bit	pushing them up for a year
+1	Sales of new homes rose and inventories of houses , which had been climbing , dropped	last month new construction in all types of homes waned , from single-family houses to large apartment complexes
+10	that mortgage rates have hit a plateau	they began edging down after a peak in March
+1	In August , rates on 30-year fixed-rate mortgages started creeping up a bit	they inched down again through September
+10	The number of building permits issued for future construction dropped 2.4 % to a 1,296,000 annual rate	rising 3.7 % in August
+1	All the numbers were adjusted for normal seasonal variations in building activity	The housing starts numbers are one of the least precise of the government 's economic indicators and are often revised significantly as more information is collected
+10	and are often revised significantly	more information is collected
+1	Shearson Lehman Hutton Holdings Inc. posted a sharp third-quarter turnaround from a year earlier	net income would have dropped from the second quarter without a $ 37 million after-tax gain
+1	Commission revenue was $ 522 million , up 49 %	industrywide trading activity slowed in September as institutional investors turned cautious and individuals continued to shy away from the market
+11	But industrywide trading activity slowed in September	institutional investors turned cautious and individuals continued to shy away from the market
+2	But industrywide trading activity slowed in September	institutional investors turned cautious and individuals continued to shy away from the market
+6	as institutional investors turned cautious	individuals continued to shy away from the market
+1	Two major drug companies posted strong third-quarter earnings , in line with profits already reported by industry leaders and analysts ' expectations	Pfizer Inc. , based in New York , reported flat earnings
+11	Schering-Plough Corp. , based in Madison , N.J. , reported a 21 % rise in earnings	American Home Products Corp. of New York posted an 11 % increase in net
+6	net income benefited from a `` lower effective tax rate , '' reflecting a reduction of foreign tax rates , and additional operations in Puerto Rico	Net was aided by a gain on the sale of the company 's equity interests in South Africa effective Sept. 1
+8	Sales by the specialty chemicals and materials science segments were flat	sales by the agriculture segment declined 5 %
+8	In the health-care segment , pharmaceutical sales increased 4 %	sales of hospital products increased 1 %
+2	These actions did n't affect results	the gain on the sale of the European cosmetics businesses was offset by provisions relating to the Brazil divestiture and drug restructuring
+6	World-wide consumer product sales declined 12 % , primarily because of the European cosmetics sale	Significantly lower sales of ` Stay Trim ' diet aids were a factor in the drop
+5	but not haughty	Charlestonians are indomitable
+6	Colorado National is a unit of Colorado National Bankshares Inc	Central is a unit of First Bank System of Minneapolis
+0	Sebastian Guzman Cabrera took over the oil workers union , Mexico 's most powerful labor organization , only last January	even in that short time Mr. Guzman Cabrera has become as controversial in his own way as his deposed predecessor , Joaquin Hernandez Galicia , known as La Quina
+6	In recent contract negotiations with Pemex management , Mr. Guzman Cabrera accepted major concessions that greatly curtail the union 's role in subcontracting , long a source of millions of dollars in illicit earnings	with the quiet pragmatism of Mr. Guzman Cabrera replacing the prickly populism of La Quina , government technocrats have been given a free hand to open the petrochemical sector to wider private and foreign investment
+10	the government has siphoned Pemex 's coffers to make payments on Mexico 's $ 97 billion foreign debt	world oil prices collapsed in 1982
+1	the union has drained it from below	the government drains Pemex from above
+4	I 'm the secretary-general	there is one
+10	Mr. Guzman Cabrera put in more than 40 years at Pemex	being pushed into retirement by La Quina after a dispute two years ago
+0	union perks had simply gotten out of hand	he also long benefited from the system built by La Quina
+6	before being pushed into retirement by La Quina after a dispute two years ago	Though he long benefited from the system built by La Quina
+2	union perks had simply gotten out of hand	in recent contract negotiations , Mr. Guzman Cabrera gave up the union 's right to assign 40 % of all of Pemex 's outside contracts -- an enormous source of kickbacks
+6	Thus , in recent contract negotiations , Mr. Guzman Cabrera gave up the union 's right to assign 40 % of all of Pemex 's outside contracts -- an enormous source of kickbacks	The union ceded the 2 % commission it had received on all Pemex maintenance contracts
+6	Thus , in recent contract negotiations , Mr. Guzman Cabrera gave up the union 's right to assign 40 % of all of Pemex 's outside contracts -- an enormous source of kickbacks.The union also ceded the 2 % commission it had received on all Pemex maintenance contracts	The new contract eliminates the $ 15 monthly coupon , good only at union-owned grocery stores , that was part of the salary of every worker , from roughneck to chief executive
+6	About 9,800 technical workers , notably chemists and lawyers , were switched to non-union status	because of its reduced capital budget , Pemex has phased out about 50,000 transitory construction workers , reducing the work force to about 140,000
+1	Mr. Guzman Cabrera says the union 's sacrifices will be offset by a wage and benefit package that amounts to a 22 % increase in compensation	Pemex managers are the ones most thrilled by the contract
+1	Pemex officials would n't say how much money the new contract would save the company	one previous government estimate pegged savings at around $ 500 million a year
+6	But Pemex managers are the ones most thrilled by the contract	Pemex 's customers are pleased with the company 's new spirit
+1	Grupo Desc , a big conglomerate , has long depended on Pemex petrochemicals to produce plastic packing material	when the Pemex plant shut down for an annual overhaul , it would never give notice to its customers
+11	But it would never give notice to its customers	the Pemex plant shut down for an annual overhaul
+10	In May , the government unveiled new foreign investment regulations that create special trusts allowing foreigners , long limited to a 40 % stake in secondary petrochemical companies , to own up to 100 %	the government reclassified several basic petrochemicals as secondary products
+1	But Pemex managers are the ones most thrilled by the contract Pemex 's customers also are pleased with the company 's new spirit Taming the union complements previous moves by the government to attract private investment in petrochemicals , which Mexico has been forced to import in large quantities in recent years	Pemex 's courtship with private companies , and especially foreign ones , is controversial in a country where oil has been a symbol of national sovereignty since foreign oil holdings were nationalized in 1938
+10	where oil has been a symbol of national sovereignty	foreign oil holdings were nationalized in 1938
+1	Mr. Guzman Cabrera and government officials insist that foreigners will be limited to investing in secondary petroleum products	the new union leader makes no apologies for Pemex 's more outward-looking attitude
+3	sooner or later we 're going to become victims of our own isolation	we do not integrate into this new world of interdependence
+11	MORE EXECUTIVES and their spouses are seeking counseling	work and family pressures mount
+2	MORE EXECUTIVES and their spouses are seeking counseling	work and family pressures mount
+3	Some employers initiate referrals	work problems threaten a top manager 's job
+8	One East Coast manufacturing executive , faced with a job transfer his wife resented , found that counseling helped them both come to grips with the move	the vice president of a large Midwestern company realized that an abrasive temperament threatened his career when his wife confided that similar behavior at home harmed their marriage
+10	And the vice president of a large Midwestern company realized that an abrasive temperament threatened his career	his wife confided that similar behavior at home harmed their marriage
+6	MORE EXECUTIVES and their spouses are seeking counseling as work and family pressures mount	More dual-career couples are getting help , with men increasingly bringing their working wives for joint counseling
+3	the relationship almost certainly will erode	you do n't have time to talk , to have fun and to be sexual
+1	Two of three Japanese employees submit suggestions to save money , increase efficiency and boost morale	only 8 % of American workers do
+8	Two of three Japanese employees submit suggestions to save money , increase efficiency and boost morale , while only 8 % of American workers do	the Japanese make far more suggestions -- 2,472 per 100 eligible employees vs. only 13 per 100 employees in the
+6	Two of three Japanese employees submit suggestions to save money , increase efficiency and boost morale , while only 8 % of American workers do . And the Japanese make far more suggestions -- 2,472 per 100 eligible employees vs. only 13 per 100 employees in the	that Japanese employers adopt four of five suggestions , while their U.S. counterparts accept just one in four
+1	that Japanese employers adopt four of five suggestions	their U.S. counterparts accept just one in four
+1	why American employers grant an average award of $ 604.72 per suggestion	Japan 's payment is $ 3.23
+1	That helps explain why American employers grant an average award of $ 604.72 per suggestion , while Japan 's payment is $ 3.23	suggestions ' net savings per 100 employees is $ 274,475 in Japan vs. $ 24,891 in the U.S
+2	Control Data , for one , plays down its employee suggestion program	it favors the team-management focus
+3	inventory shrinkage is going to be affected	it causes management to take their eye off the ball
+2	Pilferage climbed dramatically	many angry employees `` felt abandoned by the former owners
+1	A separate study of the extent of employee misconduct linked general job satisfaction to property loss	top management should watch for other tell-tale signs of employee misdeeds , like expense-account fudging and phone misuse
+6	Most important , experts say , is to show that a company 's ethical tone is set at the top	Mr. Dalton recommends that the chief executive establish a rumor control center and move swiftly to bolster morale
+8	Consultant John Keller of Southlake , Texas , urges that top management adopt a `` tough hands-on approach '' with very tight controls and monitoring	security authority Robert L. Duston favors disciplining all employees who cheat
+8	Nearly seven of 10 investors think companies reinvest `` too little '' of their profits in the business	half the employees surveyed think companies dole out too little to them
+1	Nearly seven of 10 investors think companies reinvest `` too little '' of their profits in the business.And half the employees surveyed think companies dole out too little to them	both see a common enemy
+6	The company estimated that the transaction would enhance its book value by more than $ 100 million , or about $ 4 a share	The company said the transaction would bolster after-tax earnings by $ 3.25 a share when completed and boost its primary capital ratio to 7 % from 6.63 %
+10	the transaction would bolster after-tax earnings by $ 3.25 a share	completed
+11	UAL fell $ 6.25 a share to $ 191.75 on volume of 2.3 million shares in composite trading on the New York Stock Exchange	concern deepened among takeover stock traders about the length of time it will take to revive the purchase
+2	UAL fell $ 6.25 a share to $ 191.75 on volume of 2.3 million shares in composite trading on the New York Stock Exchange	concern deepened among takeover stock traders about the length of time it will take to revive the purchase
+8	UAL management was to pay $ 15 million for 10 %	British Air was to receive a 15 % stake
+10	The buy-out fell through	Citicorp and Chase Manhattan Corp. unexpectedly failed to obtain bank financing
+2	The buy-out fell through	Citicorp and Chase Manhattan Corp. unexpectedly failed to obtain bank financing
+1	Mr. Stevens said a revised transaction with less debt leverage is likely to be more attractive to banks	British Air is waiting to see what the buy-out group comes up with
+6	the original proposal is dead	all aspects of a revised version are up for change , in light of the changes in UAL 's market price , the amount of debt banks are willing to fund , and the price British Air would be willing to pay
+6	the original offer was `` a pretty full price	that British Air 's contribution `` was quite a large chunk for us
+3	that would be a point in our favor	the { new } deal had us putting up less money but still having 15 %
+1	If the { new } deal had us putting up less money	but having 15 %
+3	who could vote to oust the board	they become impatient
+11	In the event that the buy-out group stalls in reviving its bid , the UAL board could remain under some pressure to seek another transaction , even without any legal obligation to do so	the buy-out group 's task of holding its fragile coalition together , in the face of the bid 's collapse and internal opposition from two other employee groups , has been further complicated by an apparent rift in the ranks of the pilot union itself
+6	In the event that the buy-out group stalls in reviving its bid , the UAL board could remain under some pressure to seek another transaction , even without any legal obligation to do so	the buy-out group 's task of holding its fragile coalition together , in the face of the bid 's collapse and internal opposition from two other employee groups , has been further complicated by an apparent rift in the ranks of the pilot union itself
+2	The dissident pilots oppose the plan	it would cause them to lose their seniority
+1	utilization management -- like most other cost containment strategies -- does n't appear to have altered the long-term rate of increase in health-care costs	it probably has reduced the level of expenditures for some purchasers
+1	these savings are often offset by increases in outpatient services and higher administrative costs , according to the report by a panel of health-care experts	utilization management frequently reduces hospitalization costs
+11	that utilization management should have more of an impact	federal research on the effectiveness of medical treatments helps lead to medical practice guidelines
+6	that utilization management should have more of an impact as federal research on the effectiveness of medical treatments helps lead to medical practice guidelines	that utilization management will do a better job of containing costs as it spreads to cover medical services delivered outside of hospitals
+11	that utilization management will also do a better job of containing costs	it spreads to cover medical services delivered outside of hospitals
+1	There 's pretty good evidence that utilization management has reduced inappropriate hospitalization	at the same time , spending on physician services and ambulatory care have mushroomed
+1	that utilization management reduces their hospital care bills by about 5 %	that for the health-care system as whole , some of these savings are offset by administrative and outpatient care costs
+6	Jerome Grossman , chairman of the panel , agrees that administrative costs of utilization management programs can be high	who is president of New England Medical Center Hospitals in Boston
+6	that the hospitals he runs deal with more than 100 utilization management firms	that many of them have different procedures and requirements
+11	to incorporate the new trucks into their product lines	they begin production toward the middle of the 1990s
+6	Renault and DAF are expected to invest a total of about three billion French francs ( $ 157.8 million ) in the venture , including FFr1 billion for design and development costs	the companies will each spend about FFr1 billion on tooling up their plants
+2	the joint venture represents considerable savings for both Renault and DAF	both companies would in any case have had to renew their existing ranges of light goods vehicles
+6	the potential European market for light trucks in the 2.5-ton to 4.2-ton range is between 700,000 and 800,000 vehicles annually	Renault and DAF are aiming for a combined market share of about 11 %
+6	Both Renault and DAF will have world-wide marketing rights for the new range of vans and light trucks	Under a separate arrangement , British Aerospace PLC 's Rover Group PLC subsidiary will be able to offer the vehicles through its dealers in the U.K
+6	Under a separate arrangement , British Aerospace PLC 's Rover Group PLC subsidiary will also be able to offer the vehicles through its dealers in the U.K	Renault 's truck-building subsidiary Renault Vehicles Industriels will have similar rights in France
+1	It has an unusual kind of independence from elected officials	and has authority over one of the most powerful of government 's instruments -- the control of the money supply
+2	It has an unusual kind of independence from elected officials and still has authority over one of the most powerful of government 's instruments -- the control of the money supply	we have a condition that is easily described as undemocratic
+11	they would have to take the punch bowl away	the party is getting interesting
+2	First , its position in the government is anomalous Second , the responsibilities of the Federal Reserve as guardian of the currency , which means as guardian of the stability of the price level , sometimes lead it to take measures that are unpopular	the Federal Reserve is an attractive target for complaint by politicians
+6	The Fed is easily assigned the blame for unpleasantness , like high interest rates or slow economic growth	the politicians can escape responsibility by pointing to the Fed 's independence
+11	The Fed is easily assigned the blame for unpleasantness , like high interest rates or slow economic growth	the politicians can escape responsibility by pointing to the Fed 's independence
+1	This leads to proposals for `` reform '' of the Fed	these proposals do not rest on a view of what the Fed 's problem is or , if they do , they rest on an incorrect view
+5	But these proposals do not rest on a view of what the Fed 's problem is	if they do , they rest on an incorrect view
+3	or they rest on an incorrect view	they do
+1	The problem is not that the Fed is too unresponsive to the public interest	it is too responsive to an incorrect view of the public interest
+9	On average , something that cost $ 100 30 years ago now costs $ 425	a wage that was $ 100 30 years ago would buy only $ 23.53 worth of stuff today
+6	At least , it would not have happened without the support of monetary policy that provided for a 10-fold increase in the money supply during the same period	that increase in the money supply would not have happened without the consent of the Federal Reserve
+3	that it will lose it	it uses its independence too freely
+3	The common proposals for reforming the Fed would only make the situation worse	they had any effect at all
+6	The secretary is the world 's biggest borrower of money	he is a political agent of a political president , who naturally gives extraordinary weight to the way the economy will perform before the next election , and less to its longer-run health
+5	Could he plausibly interpret it as encouragement for the Fed to give primary emphasis to stabilizing the price level	would he interpret it as instruction to give more weight to these other objectives that the secretary represents -- low interest rates , short-run economic expansion , and stabilization of exchange rates at internationally managed levels
+3	The Fed 's case for its own independence would be a little stronger	it were more solicitous of the independence of the rest of the government
+1	The Fed exercises a power given to it by Congress and the president	Congress and the president accept no responsibility for the exercise of the power they have given the Fed
+6	To leave this decision to an `` independent '' agency is not only undemocratic	It prevents the conduct of a policy that has a long-term rationale
+2	It also prevents the conduct of a policy that has a long-term rationale	it leaves the Fed guessing about what are the expectations of its masters , the politicians , who have never had to consider the long-term consequences of monetary policy
+1	Legislation to this effect has been introduced in Congress in this session by Rep. Stephen Neal ( D. , N.C . )	It is not the kind of thing that is likely to be enacted
+1	Congress would be required to make a hard decision	Congress would much prefer to leave the hard decision to the Fed and retain its rights of complaint after the fact
+1	People will say that the nation and the government have other objectives , in addition to stabilizing the price level , which is true	that is not the same as saying that the Federal Reserve has other objectives
+1	The government has other agencies and instruments for pursuing these other objectives	it has only the Fed to pursue price-level stability
+6	But it has only the Fed to pursue price-level stability	the Fed has at most very limited ability to contribute to the achievement of other objectives by means other than by stabilizing the price level
+0	The two objectives most commonly thought to be legitimate competitors for the attention of the Fed are high employment and rapid real growth	the main lesson of economic policy in the past 30 years is that if the Fed compromises with the price-stability objective in the pursuit of these other goals , the result is not high employment and rapid growth but is inflation
+3	that the result is not high employment and rapid growth but is inflation	the Fed compromises with the price-stability objective in the pursuit of these other goals
+2	the list of banks boosting reserves for losses on loans to less-developed countries , setting out a $ 200 million provision	and posting a $ 155.4 million third-quarter net loss
+1	Abortion-rights advocates won last week 's battles	the war over the nation 's most-contentious social question is about to pick up again on turf that favors those seeking to restrict abortions
+10	to pass the state House in Pennsylvania next week	with easy approval by the Senate and by Democratic Gov . Bob Casey expected
+10	to require the consent of parents	their daughters under the age of 18 can have abortions
+7	to counter the other 's advance in one arena with a victory of its own elsewhere	The action in Pennsylvania will follow last week 's collapse of a special session of the Florida legislature to enact restrictions on abortions in that state , and the vote here in Washington by the House to permit federally paid abortions for poor women who are victims of rape or incest
+1	The action in Pennsylvania , for example , will follow last week 's collapse of a special session of the Florida legislature to enact restrictions on abortions in that state , and the vote here in Washington by the House to permit federally paid abortions for poor women who are victims of rape or incest	President Bush is expected to veto the congressional legislation and that , along with the easy approval of the Pennsylvania measure , is likely to mute the abortion-rights activists ' claims of momentum and underline the challenges faced by this resurgent movement
+6	But President Bush is expected to veto the congressional legislation	that , along with the easy approval of the Pennsylvania measure , is likely to mute the abortion-rights activists ' claims of momentum and underline the challenges faced by this resurgent movement
+1	It 's great to feel good for once in 15 years	how many more times we 're going to feel good in the next 15 is another question
+9	But how many more times we 're going to feel good in the next 15 is another question	abortion-rights activists still face their greatest tests
+1	The pro-choice movement has shown -- finally -- that it can mobilize	it still has n't shown that it can win in a state like Pennsylvania or Missouri , where abortion has been clearly an electoral issue and where it 's been an emotional issue for a long time
+6	where abortion has been clearly an electoral issue	where it 's been an emotional issue for a long time
+2	The foes of abortion hold the strong whip hand in Pennsylvania	GOP state Rep. Stephen Freind of Delaware County , the legislature 's leading foe of abortion , has been given all but free rein to press a strict seven-point plan to restrict abortion and , he hopes , to force the Supreme Court directly to reassess its 1973 Roe v.Wade decision that established the right of abortion in the first place
+6	the state 's House Judiciary Committee approved it in Harrisburg this week	the full Pennsylvania House is expected to take up the bill next Tuesday
+1	The Freind legislation includes a provision to ban abortions after 24 weeks of pregnancy , except to avert the death of the mother	the Pennsylvania measure also includes an `` informed consent '' provision that may become widely imitated by abortion foes who want to make women contemplating abortion as uncomfortable as possible with the procedure and with themselves
+6	The Freind legislation includes a provision to ban abortions after 24 weeks of pregnancy , except to avert the death of the mother	But the Pennsylvania measure includes an `` informed consent '' provision that may become widely imitated by abortion foes who want to make women contemplating abortion as uncomfortable as possible with the procedure and with themselves
+10	to have all of the appropriate materials and advice made available to her	she makes a decision which , one way or the other , might remain with her for the rest of her life
+1	Susan Rogin , a consultant to abortion-rights activists in the state , takes comfort from the fact that the state 's House abortion opponents `` have n't been able to muster the votes to overturn a veto on abortion in 16 years	proponents believe they may be able to shake enough votes loose to override the veto if they are successful in portraying the legislation as a matter of parents ' rights
+3	they may be able to shake enough votes loose to override the veto	they are successful in portraying the legislation as a matter of parents ' rights
+3	that a second doctor must be on hand to help it survive	fetuses survive an abortion
+1	The legislation failed by one vote to clear the House Rules Committee Tuesday	anti-abortionists still may succeed in bringing the measure to the floor this fall
+1	The legislation failed by one vote to clear the House Rules Committee Tuesday	but anti-abortionists may succeed in bringing the measure to the floor this fall
+3	they can defeat it	it comes to a floor vote
+11	In Illinois , lawmakers will vote before next spring on legislation requiring physicians to perform tests on fetuses at 20 weeks to determine their gestational age , weight and lung maturity along with a provision requiring that , if fetuses survive an abortion , a second doctor must be on hand to help it survive	Abortion foes in Wisconsin expect a parental-consent bill to be sent to the state assembly floor by early November and are hopeful of prevailing in both houses by next March
+6	In Illinois , lawmakers will vote before next spring on legislation requiring physicians to perform tests on fetuses at 20 weeks to determine their gestational age , weight and lung maturity along with a provision requiring that , if fetuses survive an abortion , a second doctor must be on hand to help it survive	Abortion foes in Wisconsin expect a parental-consent bill to be sent to the state assembly floor by early November and are hopeful of prevailing in both houses by next March
+2	Next year is an election year	the legislators just do n't want to do anything about this now
+6	Next year is an election year	the legislators just do n't want to do anything about this now
+11	This legislative activity comes	both sides are undertaking new mobilization efforts , plunging into gubernatorial races in Virginia and New Jersey , and girding for next autumn 's state elections
+3	Those who are on the other side can hardly oppose alternative funding	they continue to insist on calling themselves 'pro-choice ' rather than ` pro-abortion
+11	The things that I thought would get me Had fangs and pointed ears	I was just a child And confronted by my fears
+6	that it is selling two million shares	that the rest are being sold by certain stockholders
+6	Final approval came on a simple voice vote in the Senate	the swift passage contrasted with months of negotiations over the underlying bill which is laced with special-interest provisions for both members and the executive branch
+6	An estimated $ 33 million was added for university and science grants , including $ 1.5 million for Smith College	Southwest lawmakers were a driving force behind $ 54.6 million for U.S.-Mexico border facilities , or more than double the administration 's request
+6	More than $ 1.8 million is allocated for pensions and expenses for former presidents	the budget for the official residence of Vice President Quayle is more than doubled , with $ 200,000 designated for improvements to the property
+6	Investigation and taxpayer service accounts would grow to $ 1.6 billion	Congress specifically added $ 7.4 million for stepped up criminal investigations of money laundering related to drug traffic
+6	Within the IRS , nearly $ 1.95 billion is provided for processing tax returns , a 12 % increase over fiscal 1989 and double what the government was spending five years ago	and Congress added $ 7.4 million for stepped up criminal investigations of money laundering related to drug traffic
+6	and Congress specifically added $ 7.4 million for stepped up criminal investigations of money laundering related to drug traffic	The large increase in Customs Service air-interdiction funds is intended to counter smuggling
+6	The large increase in Customs Service air-interdiction funds is also intended to counter smuggling	the annual appropriations level has more than quadrupled in five years
+1	Repeal is considered likely now	the Treasury Department bill has been used as a vehicle to raise the profile of the issue and block any action in the interim
+0	A House-Senate conference reached agreement Oct. 5 on virtually all major provisions of the bill	final settlement has been stalled because of differences between the two men over the fate of a modest Arkansas-based program to provide technical information to farmers seeking to reduce their dependence on chemical fertilizers and pesticides
+1	The program 's nonprofit sponsors received $ 900,000 in fiscal 1989 through an Extension Service grant	Mr. Whitten has been adamant in insisting that the program be cut in 1990
+1	The 79-year-old Mississippian takes a more orthodox , entrenched view of agriculture policy than those in the movement to reduce chemical use	as a master of pork-barrel politics , he is believed to be annoyed as well that the project moved to Arkansas from a Tennessee center near Memphis and the northern Mississippi border
+9	the gyrations in world stock markets -- and in B.A.T 's share price -- since last Friday 's sharp Wall Street sell-off have increased the likelihood of shareholder approval for the restructuring	anything
+1	B.A.T has been London 's best-performing blue chip over the past six months , up 40 % against a 4 % rise in the Financial Times 100-Share Index	this week , B.A.T has been hit harder than other big U.K. stocks -- first by the market gyrations , then by Tuesday 's San Francisco earthquake , which could leave B.A.T 's Farmers Group Inc. insurance unit facing big claims
+2	B.A.T rose five pence ( eight cents ) to 756 pence ( $ 11.91 ) in London yesterday	a late market rally erased a 28-pence fall earlier in the day
+1	the restructuring will get the required support	B.A.T 's restructuring , which was never going to happen quickly , now will take longer because of the market upheaval
+10	Company officials , holders and analysts now say the market gyrations could delay the actions well into the second half	who expected the disposals to be substantially complete by the end of next year 's first half
+6	We do n't have an absolute deadline	if market conditions are truly awful we might decide it is not the right time , '' to take particular steps
+3	and we might decide it is not the right time , '' to take particular steps	market conditions are truly awful
+3	the company will remain in play	B.A.T receives approval for the restructuring
+1	Even if B.A.T receives approval for the restructuring , the company will remain in play	the situation may unfold over the next 12 months , rather than six
+2	The new B.A.T will be a smaller tobacco and financial-services hybrid whose price-earnings ratio may more closely reflect the lower-growth tobacco business than the higher-multiple financial-services business	B.A.T 's restructuring may only make the company a more manageable target for other corporate predators -- possibly such acquisitive bidders as Hanson PLC
+1	The last few days will surely slow down the pace of events	I would n't write off '' Sir James or other potential bidders
+2	B.A.T is n't predicting a postponement	the units `` are quality businesses and we are encouraged by the breadth of inquiries
+6	because the units `` are quality businesses	we are encouraged by the breadth of inquiries
+1	B.A.T is n't predicting a postponement because the units `` are quality businesses and we are encouraged by the breadth of inquiries	the delay could happen if B.A.T does n't get adequate bids
+3	But the delay could happen	B.A.T does n't get adequate bids
+0	jitters over prospects for junk-bond financing and U.S. leverage buy-outs are making investors more skeptical about Sir James 's prospects	Sir James has said he intends to mount a new bid for B.A.T once approval from U.S. insurance regulators is received
+10	to mount a new bid for B.A.T	approval from U.S. insurance regulators is received
+6	Though Sir James has said he intends to mount a new bid for B.A.T once approval from U.S. insurance regulators is received , jitters over prospects for junk-bond financing and U.S. leverage buy-outs are making investors more skeptical about Sir James 's prospects	Market uncertainty clouds the outlook for B.A.T 's attracting a premium price for its U.S. retailing properties
+6	jitters over prospects for junk-bond financing and U.S. leverage buy-outs are making investors more skeptical about Sir James 's prospects Market uncertainty also clouds the outlook for B.A.T 's attracting a premium price for its U.S. retailing properties	Tuesday 's California earthquake initially knocked 3.7 % off B.A.T 's share price in London yesterday because of fears of the potential claims to Los Angeles-based Farmers , which has a substantial portion of its property and casualty exposure in California
+1	Bridge and highway collapses will disrupt truck and auto transportation in the San Francisco Bay area for months to come	rail , air and ocean-shipping links to the area escaped Tuesday 's earthquake with only minor damage , and many are expected to be operating normally today
+6	But rail , air and ocean-shipping links to the area escaped Tuesday 's earthquake with only minor damage	many are expected to be operating normally today
+1	Air traffic at San Francisco International Airport was running about 50 % of normal yesterday afternoon	airport officals said they expect a return to full operations by Saturday
+1	they expect a return to full operations by Saturday	Getting to and from the airport in coming weeks may be the problem
+1	Right now most of the roads into the Bay area are closed	the list of closings changes about every 20 minutes
+1	This { Wednesday } morning the San Mateo bridge was open	now we are informed that it is closed
+0	that road shutdowns and power failures have impeded its pickup and delivery of packages	none of the company 's terminals , trucks or airplanes were damaged in the quake
+7	road shutdowns and power failures have impeded its pickup and delivery of packages	four-hour to five-hour traffic delays on the San Mateo bridge
+6	that although none of the company 's terminals , trucks or airplanes were damaged in the quake , road shutdowns and power failures have impeded its pickup and delivery of packages	power failures prevented its package-sorting facilities from operating , causing delays
+1	A UPS spokesman said that although none of the company 's terminals , trucks or airplanes were damaged in the quake , road shutdowns and power failures have impeded its pickup and delivery of packages.The spokesman noted four-hour to five-hour traffic delays on the San Mateo bridge , for example.In addition , power failures prevented its package-sorting facilities from operating , causing delays	freight railroads reported that damage to their facilities was relatively minor , with Santa Fe Pacific Corp. 's rail unit the least affected by the quake
+11	Santa Fe stopped freight trains Tuesday night	its officials inspected track
+1	service on its north-south coastline , which is used by an Amtrak train between Los Angeles and Seattle , was suspended temporarily because of kinked rails near the epicenter of the quake	service on the line is expected to resume by noon today
+6	that the rail system was running a full fleet of 45 trains during the day to provide an alternative for highway travelers	that San Francisco 's trolley cars and trolley buses were running at full service levels
+0	they did n't appear to spread to other airports	air-traffic delays in San Francisco were significant yesterday
+6	The earthquake shattered windows at San Francisco International 's air-traffic control tower and rained pieces of the ceiling down on controllers , three of whom suffered minor injuries	Terminals at San Francisco International were damaged
+1	Terminals at San Francisco International also were damaged	the tower itself was intact
+0	Runways at San Francisco were n't damaged	traffic was being limited yesterday to 27 arrivals and 27 departures an hour -- down from 33 to 45 an hour normally
+2	but traffic was being limited yesterday to 27 arrivals and 27 departures an hour -- down from 33 to 45 an hour normally	the noise level in the control tower was overwhelming without the windows
+11	flights were diverted to airports in Sacramento and Stockton , Calif. ; Reno and Las Vegas , Nev. ; and Los Angeles	the airport was closed
+2	United Airlines , the largest carrier at San Francisco , was operating only 50 % of its scheduled service in and out of the area because of damage to its terminal	which was causing delays for travelers headed to the Bay area
+10	caused	a sprinkler system was triggered by the tremors
+1	none of its people were injured at the airport	as the airport was being evacuated Tuesday night , two babies were born
+11	in fact two babies were born	the airport was being evacuated Tuesday night
+1	Yesterday , the United ticket counter was active , with people trying to get flights out	demand for seats into the city also was active , with people trying to get there to help family and friends
+6	Yesterday , the United ticket counter was active , with people trying to get flights out	demand for seats into the city was active , with people trying to get there to help family and friends
+1	its flights into and out of San Francisco were n't affected	getting information about its operations was difficult
+6	Whitbread & Co. put its spirits division up for sale	that are being sold
+6	Among the brands for sale are Beefeater gin , the No . 2 imported gin in the U.S. , and Laphroaig single-malt whiskey	for sale are Buckingham Wile Co and Whitbread 's Atlas Peak Vineyards in California 's Napa Valley
+1	That purchase represented an attempt by Whitbread , a venerable British brewer , to become a major player in the global liquor business	Whitbread has been squeezed by giant rivals amid widespread consolidation in the industry
+6	The Whitbread spirits auction `` is an extremely interesting development	naturally we 'll be considering it carefully
+6	Among possible buyers , Grand Metropolitan PLC might find Beefeater a useful addition to its portfolio Guinness is considered less likely to bid for the Whitbread spirits	Two other global liquor giants , Canada 's Seagram Co. and Britain 's Allied-Lyons PLC are possible buyers
+1	Seagram 's gin is the world 's No . 2 gin brand	the company does n't own any of the major gin brands imported in the U.S
+1	Allied-Lyons does n't own any major white-spirit brands	powerful in whiskey
+6	Two other global liquor giants , Canada 's Seagram Co. and Britain 's Allied-Lyons PLC , also are possible buyers	Smaller liquor companies , such as Brown-Forman Corp. and American Brands Inc. of the U.S. , are likely to be interested
+6	In New York , a spokesman for American Brands would n't comment	Brown-Forman , a Louisville , Ky. distiller declined to comment
+1	The company , which is retaining most of its wine and all of its soft-drink interests , did n't break out results for the businesses it plans to sell	analysts estimate their trading profit at # 30 million
+6	British brewers currently own thousands of pubs	which sell only the breweries ' beer and soft drinks
+6	which last month paid # 50.7 million for regional British brewer Boddington Group PLC	Whitbread owns the license to brew and distribute Heineken and Stella Artois beers in Britain
+6	Whitbread now intends to bolster its brewing interests , in an effort to grab a share of sales to free houses	Whitbread intends to focus on its newer hotel , liquor store and restaurant businesses in Europe and North America
+6	In addition , Whitbread intends to focus on its newer hotel , liquor store and restaurant businesses in Europe and North America	Whitbread announced that Mr. Jarvis will become the company 's chief executive March 1
+6	NEWHALL LAND & FARMING Co. , Valencia , Calif. , announced a 2-for-1 split in the real estate limited partnership 's units and increased its regular quarterly cash distribution 33 % , to 40 cents a unit	The real estate limited partnership said it will pay a special year-end cash distribution of 10 cents a unit
+1	Digital Equipment Corp. is planning a big coming-out party on Tuesday for its first line of mainframe computers	an uninvited guest is expected to try to crash the party
+6	Digital , based in Maynard , Mass. , hopes to stage a repeat performance in mainframes	it has spent almost $ 1 billion developing the new technology
+6	Digital 's mainframe is designed not as a central computer around which everything revolves , but as part of a decentralized network weaving together hundreds of workstations , personal computers , printers and other devices	unlike IBM 's water-cooled mainframes , it does n't need any plumbing
+6	The computer giant 's current mainframe line , which has sold well and has huge profit margins , is starting to show its age.The new 3090s due next week will boost performance by only about 8 % to 10 %	IBM is n't expected to deliver a new generation of mainframes until 1991
+0	The heightened competition will hit IBM at a difficult time	no one expects IBM 's rivals to deliver a knockout
+3	We 're not going to walk in and replace a company 's corporate accounting system	it 's already running on an IBM mainframe
+0	that despite Digital 's low prices , `` we are n't about to unplug our IBM mainframes for a DEC machine.The software conversion costs would dwarf any savings	Mr. Rose is still looking seriously at the 9000
+0	The software conversion costs would dwarf any savings	But Mr. Rose is looking seriously at the 9000
+2	larger computers may be needed	that system grows
+3	In the past , customers had to go to IBM	they outgrew the VAX
+0	it is n't expected to begin shipping in volume until next year	Digital will announce a full family of mainframes next week
+6	Amdahl Corp. , backed by Japan 's Fujitsu Ltd. , has a growing share of the market with its low-priced , IBM-compatible machines	National Advanced Systems , a joint venture of Japan 's Hitachi Ltd. and General Motors Corp. 's Electronic Data Systems , is expected to unveil a line of powerful IBM-compatible mainframes later this year
+1	The frenetic stock and bond markets cooled off	the dollar slumped
+2	Stocks rose slightly	trading activity slowed from the frenzied pace earlier this week
+1	Helped by futures-related program buying , the Dow Jones Industrial Average gained 4.92 points to close at 2643.65	the Dow Jones Transportation Average fell for the seventh-consecutive session as more investors dumped UAL shares
+2	But the Dow Jones Transportation Average fell for the seventh-consecutive session	more investors dumped UAL shares
+2	Bond prices rallied early yesterday morning	traders scrambled to buy Treasury issues on fears that the Northern California earthquake might lead to a stock-market debacle
+0	Bond prices rallied early yesterday morning as traders scrambled to buy Treasury issues on fears that the Northern California earthquake might lead to a stock-market debacle	when stocks held steady , Treasury bonds later retreated
+10	But Treasury bonds later retreated	stocks held steady
+10	Bond prices rallied early yesterday morning	But Treasury bonds retreated
+1	Speculation that the Federal Reserve will lower interest rates in coming weeks helped push the dollar down	boosting stocks
+0	Speculation that the Federal Reserve will lower interest rates in coming weeks helped push the dollar down while boosting stocks	many investors remain wary about stocks
+2	But many investors remain wary about stocks	they expect continued turbulence in the junk-bond market that would make it more difficult to finance corporate takeovers
+6	the problems in the junk-bond area are just beginning	this will be very unsettling for companies that have issued junk bonds
+3	But then it 's the only thing that matters	it does matter
+1	But many investors remain wary about stocks	many institutional investors are reacting to the stock market 's plunge as `` a great buying opportunity
+1	Oil prices initially rose on fears that the massive earthquake in Northern California would disrupt production	prices later reversed course , finishing slightly lower , as investors concluded that any cuts would n't be large and that foreign oil producers would quickly pick up the slack
+10	Oil prices initially rose on fears that the massive earthquake in Northern California would disrupt production	But prices reversed course , finishing slightly lower
+2	But prices later reversed course , finishing slightly lower	investors concluded that any cuts would n't be large and that foreign oil producers would quickly pick up the slack
+6	that any cuts would n't be large	that foreign oil producers would quickly pick up the slack
+10	AMR 's earnings decline comes	the parent company of American Airlines and the rest of the airline industry set profit records
+0	Some analysts say the latest results only seem pale by comparison with a spectacular second half of 1988	AMR 's stumble does n't bode well for the rest of the industry
+6	The Fort Worth , Texas , company is generally regarded as one of the best-run in the business	its difficulties are likely to be reflected industrywide as other major carriers report third-quarter results over the next several days
+11	and its difficulties are likely to be reflected industrywide	other major carriers report third-quarter results over the next several days
+6	AMR Corp. posted an 8.8 % drop in third-quarter net income and said the fourth quarter will be `` disappointing '' as well , primarily because of slimmer profit margins and increased fuel costs	the company 's board issued a statement condemning `` ill-conceived and reckless '' bids and saying it was `` pleased '' that Mr. Trump had backed out
+11	AMR Corp. posted an 8.8 % drop in third-quarter net income and said the fourth quarter will be `` disappointing '' as well , primarily because of slimmer profit margins and increased fuel costs	the company 's board issued a statement condemning `` ill-conceived and reckless '' bids and saying it was `` pleased '' that Mr. Trump had backed out
+6	Costs are giving them a little bit of trouble	the whole industry is having a pricing problem
+3	that you have to do so without taxpayer support	you want to develop property on a barrier island
+2	Private-property rights would be upheld	the legislation would not ban coastal development
+1	Private-property rights would be upheld	home builders would have to bear the full costs of such beach-house construction
+0	the 1988 drop was n't statistically significant	last year 's figure was down from 13.4 % in 1987 and marked the fifth consecutive annual decline in the poverty rate
+6	While last year 's figure was down from 13.4 % in 1987 and marked the fifth consecutive annual decline in the poverty rate , the Census Bureau said the 1988 drop was n't statistically significant	The bureau 's report showed that while some measures of the nation 's economic well-being improved modestly in 1988 , the fruits of prosperity were shared less equitably than the year before
+1	that the fruits of prosperity were shared less equitably than the year before	some measures of the nation 's economic well-being improved modestly in 1988
+0	that `` most groups either stayed the same or improved	Since the late 1960s , the distribution of income has been slowly getting less equal
+1	Per capita income , a widely used measure of a nation 's economic health , hit a record in 1988 , rising 1.7 % after inflation adjustment to $ 13,120	the median income of American families fell 0.2 % , the first time it has failed to rise since 1982
+1	The Census Bureau counts all cash income in determining whether families are below the line	it does n't consider other government benefits , such as Medicare
+0	Thanks largely to the continued growth of the U.S. economy , the poverty rate is now substantially lower than the 1983 peak of 15.3 %	the improvements have been modest in the past couple of years
+1	In 1988 , 31.6 % of blacks lived in poverty , compared with 10.1 % for whites and 26.8 % for Hispanics	two-thirds of all poor Americans were white
+3	more than three times as many elderly would be below the poverty line	it were n't for Social Security payments
+6	If it were n't for Social Security payments , more than three times as many elderly would be below the poverty line , Mr. Butz said	The Census Bureau said : -- Some 17.2 % of all money income received by families in 1988 went to the wealthiest 5 % of all families , up from 16.9 % in 1987.That is the greatest share reported for any year since 1950 , although changing definitions over the years distort the comparison . -- The top fifth of all families got 44 % of the income , up from 41.5 % a decade earlier.The bottom fifth of all families got 4.6 % of the income , down from 5.2 % a decade earlier . -- Confirming other government data showing that wages are n't keeping pace with inflation , earnings of year-round , full-time male workers fell 1.3 % in 1988 after adjusting for higher prices , the first such drop since 1982.Earnings of female workers were unchanged . -- Women working full-time earned 66 cents for every dollar earned by men , a penny more than in 1987 and seven cents more than in 1978 . -- Median household income -- which includes both those living in families and those who are n't -- rose 0.3 % last year to $ 27,225 after inflation.It rose sharply in the Northeast and Midwest and fell slightly in the South and West.Median family income was $ 32,191 , down 0.2 % . -- Per capita income of blacks , though still only 60 % that of whites , rose 3.9 % in 1988 , while per capita income of whites rose only 1.5 % . -- Among married couples , the gap between blacks and whites narrowed sharply , as income of black families shot up 6.8 % while income of whites did n't budge
+1	That is the greatest share reported for any year since 1950	changing definitions over the years distort the comparison
+10	earnings of year-round , full-time male workers fell 1.3 % in 1988 the first such drop since 1982	adjusting for higher prices
+1	Per capita income of blacks , though still only 60 % that of whites , rose 3.9 % in 1988	per capita income of whites rose only 1.5 %
+2	Among married couples , the gap between blacks and whites narrowed sharply	income of black families shot up 6.8 % while income of whites did n't budge
+1	as income of black families shot up 6.8 %	income of whites did n't budge
+6	The Census Bureau also said : -- Some 17.2 % of all money income received by families in 1988 went to the wealthiest 5 % of all families , up from 16.9 % in 1987.That is the greatest share reported for any year since 1950 , although changing definitions over the years distort the comparison . -- The top fifth of all families got 44 % of the income , up from 41.5 % a decade earlier.The bottom fifth of all families got 4.6 % of the income , down from 5.2 % a decade earlier . -- Confirming other government data showing that wages are n't keeping pace with inflation , earnings of year-round , full-time male workers fell 1.3 % in 1988 after adjusting for higher prices , the first such drop since 1982.Earnings of female workers were unchanged . -- Women working full-time earned 66 cents for every dollar earned by men , a penny more than in 1987 and seven cents more than in 1978 . -- Median household income -- which includes both those living in families and those who are n't -- rose 0.3 % last year to $ 27,225 after inflation.It rose sharply in the Northeast and Midwest and fell slightly in the South and West.Median family income was $ 32,191 , down 0.2 % . -- Per capita income of blacks , though still only 60 % that of whites , rose 3.9 % in 1988 , while per capita income of whites rose only 1.5 % . -- Among married couples , the gap between blacks and whites narrowed sharply , as income of black families shot up 6.8 % while income of whites did n't budge	Fueling a controversy that has been simmering for years , the Census Bureau said its figures would look far rosier if it recalculated the poverty threshold using an improved consumer-price measure adopted in 1983
+3	its figures would look far rosier	it recalculated the poverty threshold using an improved consumer-price measure adopted in 1983
+6	some 3.5 million fewer people would have fallen below the poverty line in 1988 under the alternative calculation	the poverty rate would have been 10.5 % instead of 13.1 %
+0	Seven years late in the launching , $ 1 billion over budget and a target of anti-nuclear protestors , Galileo has long been a symbol of trouble for the National Aeronautics and Space Administration	yesterday , as Atlantis rumbled into a patch of clear sky above Florida with storm clouds closing in on it , NASA sought to turn Galileo into a symbol of triumph
+11	But yesterday NASA sought to turn Galileo into a symbol of triumph	Atlantis rumbled into a patch of clear sky above Florida with storm clouds closing in on it
+3	it will parachute a probe into the dense Jovian atmosphere in July 1995	all goes well
+0	Jupiter and other bodies in the outer solar system are rich in elements such as hydrogen that are essential for life on Earth	these planets are lifeless
+1	Jupiter and other bodies in the outer solar system are rich in elements such as hydrogen that are essential for life on Earth , but these planets are lifeless	Earth has a diminished store of such material but is rich in life
+6	The Galileo project started in 1977	a number of project veterans were on hand to watch the launch
+3	that Galileo 's plutonium power source could have released lethal doses of radiation	the shuttle exploded yesterday
+6	Galileo will skim past Earth in 1990 and 1992	that Galileo could crash to Earth then
+10	they dropped plans to infiltrate the Kennedy Space Center	NASA beefed up its security
+0	they dropped plans to infiltrate the Kennedy Space Center after NASA beefed up its security	One protest did get past NASA 's guard
+0	The successful launch continues a remarkable recovery in the U.S. space-science program	Not all of NASA 's space-science work will be so auspicious
+5	NASA wo n't attempt a rescue	it will try to predict whether any of the rubble will smash to the ground and where
+1	Private relief agencies , such as the Salvation Army and Red Cross , mobilized almost instantly to help people	the Washington bureaucracy `` took hours getting into gear
+3	not to reveal details of the agreement	it is completed
+1	Lawyers for shareholders , Bally and Mr. Trump all declined to talk publicly about the proposed settlement , citing a request by a federal court magistrate not to reveal details of the agreement until it is completed	some attorneys who are familiar with the matter said the $ 6.5 million payment will be shared by Bally and Mr. Trump , with the casino and hotel concern probably paying the bulk of the money
+0	Walt Disney Co. and Saul Steinberg 's Reliance Group Holdings Inc. agreed to pay to settle a similar suit in July	Mr. Steinberg probably faced much more potential liability because , when he sued Disney during his takeover battle , he filed on behalf of all shareholders
+2	Mr. Steinberg probably faced much more potential liability	when he sued Disney during his takeover battle , he filed on behalf of all shareholders
+11	because he filed on behalf of all shareholders	he sued Disney during his takeover battle
+10	the New York investor did n't demand the company also pay a premium to other shareholders	Disney offered to pay Mr. Steinberg a premium for his shares
+6	to pay Mr. Steinberg a premium for his shares	the company pay a premium to other shareholders
+11	he sued only on behalf of himself	Mr. Trump sued Bally
+6	Mr. Steinberg probably faced much more potential liability because , when he sued Disney during his takeover battle , he filed on behalf of all shareholders.When Disney offered to pay Mr. Steinberg a premium for his shares , the New York investor did n't demand the company also pay a premium to other shareholders.When Mr. Trump sued Bally , he sued only on behalf of himself	Mr. Trump and Bally appeared to have some leverage in the case because in the state of Delaware , where Bally is incorporated , courts have held that greenmail is often protected by the business-judgment rule
+2	Mr. Trump and Bally also appeared to have some leverage in the case	in the state of Delaware , where Bally is incorporated , courts have held that greenmail is often protected by the business-judgment rule
+6	The central charge against Judge Hastings is that he conspired with a Washington lawyer to obtain a $ 150,000 bribe from defendants in a criminal case before the judge , in return for leniency	He is accused of lying under oath and of leaking information obtained from a wiretap he supervised
+10	who erupted into applause	he finished his argument
+6	he is being victimized	that the impeachment proceedings against him constitute double jeopardy
+0	Judge Hastings , who was acquitted of similar charges by a federal jury in 1983 , claims he is being victimized and that the impeachment proceedings against him constitute double jeopardy	Rep. John Bryant ( D. , Texas ) , the lead counsel for the House managers who conducted a lengthy inquiry into Judge Hastings ' activities , said `` a mountain of evidence points to his certain guilt
+3	he will be removed from office immediately	the judge is impeached
+0	If the judge is impeached he will be removed from office immediately	he will continue to fight and is contemplating an appeal of any impeachment to the U.S. Supreme Court
+2	that cleanup costs are n't damages	and are n't covered under commercial policies
+6	Travelers and other insurers have maintained that cleanup costs are n't damages and thus are n't covered under commercial policies	They have argued that government proceedings notifying a company of potential responsibility do n't fit the legal definition of a lawsuit ; thus , such governmental proceedings are n't covered by the policies
+2	that government proceedings notifying a company of potential responsibility do n't fit the legal definition of a lawsuit	such governmental proceedings are n't covered by the policies
+0	Avondale asked Travelers to defend it in the state proceeding	the insurer did n't respond
+6	The appeals court upheld a district judge 's ruling that the insurer had to defend the company in such proceedings	We think an ordinary businessman reading this policy would have believed himself covered for the demands and potential damage claims '' stemming from any cleanup
+2	This decision will have a very considerable impact	many commercial insurance policies are issued by companies based in New York
+1	that the influence of the appeals court in New York `` will make insurers sit up and listen	other appeals courts have ruled differently on whether cleanup costs are damages
+5	that at some period they were unable to accept new clients	they had an emergency
+10	Mr. Karalis served as general counsel at Sperry Corp	joining Apple in 1986
+10	Sears , Roebuck & Co. is negotiating with Boston pension fund adviser Aldrich , Eastman & Waltch Inc. to refinance the property for close to $ 850 million , according to people close to the negotiations	failing to find a buyer for the Sears Tower in Chicago
+6	At the end of the term of the convertible loan , Sears could still own half the building	AEW could own the other half
+6	The new manager will face the daunting task of leasing 1.8 million square feet in a relatively soft Chicago real estate market	it has not yet been decided exactly how much of the mortgage AEW will be able to convert into equity
+2	that it is not a sale	and does not trigger costly transfer taxes and reappraisal
+0	it would put the 110-story tower on the block almost a year ago as part of its anti-takeover restructuring	Japanese institutions shied away from bidding on the high-profile tower out of fear their purchase of the property would trigger anti-Japanese sentiment
+0	Last summer , Sears appeared to have a deal with Canadian developer Olympia & York Developments Ltd	that deal fell through in September after it became clear that the sale would lead to a major real estate tax reassessment , raising property taxes , and making it difficult to lease the building at competitive prices
+10	But that deal fell through in September	it became clear that the sale would lead to a major real estate tax reassessment , raising property taxes , and making it difficult to lease the building at competitive prices
+1	Sears ' investment banker , Goldman , Sachs & Co. , sought financing in Japan	Japanese authorities apparently were concerned that a refinancing also would attract too much publicity
+6	their purchase of the property would trigger anti-Japanese sentiment	that a refinancing would attract too much publicity
+10	However , Japanese authorities apparently were concerned that a refinancing also would attract too much publicity	Sears went back to AEW , the Boston pension adviser that had proposed a convertible debt deal during the first round of bids last spring
+10	it signed a definitive agreement to acquire two units of Datatronic AB of Stockholm for cash.The amount was n't disclosed	The electronics maker and retailer estimated the sale price at between $ 100 million and $ 200 million for Datatronic 's Victor microcomputer and Micronic hand-held computer subsidiaries
+6	it signed a definitive agreement to acquire two units of Datatronic AB of Stockholm for cash	Tandy will acquire rights to the Victor and Micronic names for computers
+6	The provisions , in deficit-reduction bills recently passed by the House and Senate , could further cool the takeover boom that has been the driving force behind the bull market in stocks for much of the 1980s	some investment bankers have already started restructuring deals to cope with the expected rules
+2	It becomes a source of cash '' for the company making the LBO	it gets a deduction and does n't have to repay the debt for several years
+7	A second provision passed by the Senate and House would eliminate a rule allowing companies that post losses resulting from LBO debt to receive refunds of taxes paid over the previous three years	if a company posted a loss of $ 100 million from buy-out interest payments , the existing rule would allow the concern to be able to receive a refund from the tax it paid from 1986 through 1989 , when it may have been a profitable public company
+3	For example the existing rule would allow the concern to be able to receive a refund from the tax it paid from 1986 through 1989	a company posted a loss of $ 100 million from buy-out interest payments
+0	A second provision passed by the Senate and House would eliminate a rule allowing companies that post losses resulting from LBO debt to receive refunds of taxes paid over the previous three years	that rule is being virtually overlooked by Wall Street , which is concentrating on coping with the deduction issue
+3	Prices for LBOs have to come down	you do n't have that feature
+6	An investment group led by Chicago 's Pritzker family recently lowered a $ 3.35 billion bid for American Medical International , Beverly Hills , Calif. , because of the threat of the legislation	his firm did n't raise the ante for a target company earlier this month after a stronger bid emerged from a public company that was n't concerned about the financing provision
+10	his firm did n't raise the ante for a target company earlier this month	a stronger bid emerged from a public company that was n't concerned about the financing provision
+3	We would have paid more	we thought that law was n't going to pass
+6	The pigs in the trough may have to give a little bit of the slop back	then the deal can go through
+10	The pigs in the trough may have to give a little bit of the slop back	and the deal can go through
+2	they would n't fall under the junk-bond category that would lose its deductibility	they have a lower interest rate
+3	The House version of the bill would make debt non-deductible	it pays five percentage points above Treasury notes , has at least a five-year maturity and does n't pay interest for at least one year out of the first five
+6	The House version of the bill would make debt non-deductible	The bill would declare that the debt is equity and therefore is n't deductible
+2	that the debt is equity	and is n't deductible
+10	The Senate bill would only deny the deduction	interest is actually paid
+0	Currently the debt holder is taxed on the accrued interest	the issuer does n't pay tax
+0	Currently , even though the issuer does n't pay tax , the debt holder is taxed on the accrued interest	those holders are often foreign investors and tax-exempt pension funds that do n't pay taxes on their holdings
+3	LBOs will become somewhat more difficult	Wall Street finds ways around the new rules
+1	The government moved aggressively to open the spigots of federal aid for victims of the California earthquake	its reservoir of emergency funds must be replenished soon if the aid is to continue
+3	but its reservoir of emergency funds must be replenished soon	the aid is to continue
+6	President Bush signed a disaster declaration covering seven Northern California counties	an unusually wide array of federal agencies moved to provide specialized assistance
+6	The Department of Housing and Urban Development prepared to make as many as 100 vacant houses available for those left homeless , the Agriculture Department was set to divert food from the school-lunch program to earthquake victims	the Pentagon was providing everything from radio communications to blood transfusions to military police for directing traffic
+1	The Department of Housing and Urban Development prepared to make as many as 100 vacant houses available for those left homeless , the Agriculture Department was set to divert food from the school-lunch program to earthquake victims , and the Pentagon was providing everything from radio communications to blood transfusions to military police for directing traffic	the pool of federal emergency-relief funds already is running low because of the heavy costs of cleaning up Hurricane Hugo , and Congress will be under pressure to allocate more money quickly
+6	But the pool of federal emergency-relief funds already is running low because of the heavy costs of cleaning up Hurricane Hugo	Congress will be under pressure to allocate more money quickly
+6	In Hugo 's wake , Congress allocated $ 1.1 billion in relief funds	$ 273 million of that money remains and could be diverted for quick expenditures related to the earthquake
+1	$ 273 million of that money remains and could be diverted for quick expenditures related to the earthquake	Now enormous costs for earthquake relief will pile on top of outstanding costs for hurricane relief
+6	that we wo n't have enough for all of the emergencies that are now facing us	we will have to consider appropriate requests for follow-on funding
+1	The federal government is n't even attempting yet to estimate how much the earthquake will cost it	There will be , I think quite obviously , a very large amount of money required from all levels of government
+1	Now , though , enormous costs for earthquake relief will pile on top of outstanding costs for hurricane relief	it is n't just Washington 's relief dollars that are spread thin ; its relief manpower also is stretched
+6	that are spread thin	its relief manpower is stretched
+6	FEMA still has special disaster centers open to handle the aftermath of Hugo	that `` we 're pretty thin
+6	but its reservoir of emergency funds must be replenished soon if the aid is to continue	To further complicate relief efforts , the privately funded American Red Cross finds itself strapped for funds after its big Hugo operation
+3	It just makes it a little rough	you have to worry about the budget
+3	All the precise types of federal aid that will be sent to California wo n't be determined	state officials make specific requests to FEMA
+6	All the precise types of federal aid that will be sent to California wo n't be determined until state officials make specific requests to FEMA	in the confusion after the earthquake , `` the information flow is a little slow coming in from the affected area
+0	All the precise types of federal aid that will be sent to California wo n't be determined until state officials make specific requests to FEMA And in the confusion after the earthquake , `` the information flow is a little slow coming in from the affected area	some aid is moving westward from Washington almost immediately
+10	they will make available as many as 100 Bay area houses that are under HUD loans but now are vacant	the houses have been inspected to ensure they are sound
+6	they will make available as many as 100 Bay area houses that are under HUD loans but now are vacant after the houses have been inspected to ensure they are sound.Additional housing vouchers and certificates will be made available	some housing and community-development funds may be shifted from other programs or made available for emergency use
+6	The IRS said it will waive certain tax penalties for earthquake victims unable to meet return deadlines or make payments because of the quake 's devastation	the Treasury said residents of the San Francisco area will be able to cash in savings bonds even if they have n't held them for the minimum six-month period
+0	residents of the San Francisco area will be able to cash in savings bonds	they have n't held them for the minimum six-month period
+10	Defense Secretary Dick Cheney ordered the military services to set up an emergency command center in the Pentagon and prepare to respond to various FEMA requests for assistance	the full extent of the devastation was known
+6	By yesterday afternoon , Air Force transport planes began moving additional rescue and medical supplies , physicians , communications equipment and FEMA personnel to California.A military jet flew a congressional delegation and senior Bush administration officials to survey the damage	dozens of additional crews and transport aircraft were on alert `` awaiting orders to move emergency supplies
+6	Two Air Force facilities near Sacramento , and Travis Air Force Base , 50 miles northeast of San Francisco , were designated to serve as medical-airlift centers	Some victims were treated at the Letterman Army Medical Center in San Francisco and at the Naval Hospital in Oakland
+6	Two Air Force facilities near Sacramento , and Travis Air Force Base , 50 miles northeast of San Francisco , were designated to serve as medical-airlift centers.Some victims also were treated at the Letterman Army Medical Center in San Francisco and at the Naval Hospital in Oakland	20 military police from the Presidio , a military base in San Francisco , are assisting with traffic control , and a Navy ship was moved from a naval station at Treasure Island near the Bay Bridge to San Francisco to help fight fires
+6	In addition , 20 military police from the Presidio , a military base in San Francisco , are assisting with traffic control	a Navy ship was moved from a naval station at Treasure Island near the Bay Bridge to San Francisco to help fight fires
+6	To help residents in Northern California rebuild , FEMA intends to set up 17 disaster assistance offices in the earthquake area in the next several days and to staff them with 400 to 500 workers from various agencies	federal officials are promising to move rapidly with federal highway aid to rebuild the area 's severely damaged road system
+6	The account currently has $ 220 million	though federal law dictates that only $ 100 million can be disbursed from that fund in any one state per disaster , administration officials expect Congress to move in to authorize spending more now in California
+0	And administration officials expect Congress to move in to authorize spending more now in California	federal law dictates that only $ 100 million can be disbursed from that fund in any one state per disaster
+1	To get that money , states must go through an elaborate approval process	officials expect red tape to be cut this time
+6	but officials expect red tape to be cut this time	Keith Mulrooney , special assistant to Federal Highway Administrator Thomas Larson said that after the 1971 San Fernando earthquake in Southern California , the state set tougher standards for bridges , and with federal aid , began a program to retrofit highways and bridges for earthquake hazards
+1	The first phase of the program has been completed	two other phases are continuing
+1	FARMERS REAP abundant crops	how much will shoppers benefit
+2	The harvest arrives in plenty after last year 's drought-ravaged effort	prices paid to farmers for the commodities plummet 20 % to 33 %
+0	As a result , prices paid to farmers for the commodities , which are used in products as diverse as bubble gum and chicken feed , plummet 20 % to 33 %	do n't expect too much in the way of price breaks soon at the supermarket
+3	Beef prices could drop in earnest this winter	ranchers expand herds
+1	Lower feed prices may help animals eat more cheaply	humans have to factor in an expensive middleman : the processor
+3	it usually does so after only a few tries	IN VITRO fertilization works
+2	Costly infertility problems and procedures proliferate	aging baby boomers and others decide to have children -- now
+6	that one in six couples experiences infertility	in 1987 , Americans spent about $ 1 billion to fight the problem
+1	Only about five states now offer some form of insurance coverage	more are expected
+1	that when to stop has become a difficult question	technology offers `` almost endless hope
+0	Detroit Edison , the plan pioneer , generated $ 54,000 in matching funds this year , up from $ 39,000 in 1988	the utility may not continue next year
+6	Blunt Ellis & Loewi estimates direct mail catalog sales rose to $ 12 billion last year	while it 's too soon to tell how sales will fare in the important 1989 Christmas season , some companies take steps to ease the usual 11th-hour crush
+1	And some companies take steps to ease the usual 11th-hour crush	it 's too soon to tell how sales will fare in the important 1989 Christmas season
+3	to deliver goods before Christmas	ordered by Dec. 20
+6	Spiegel promises a `` Guaranteed Christmas , '' with a pledge to deliver goods before Christmas if ordered by Dec. 20	for an extra $ 6 , Land 's End will deliver orders within two days
+2	part of the reason catalog sales grow in popularity is	consumers have more money but less time to spend it
+6	Four years ago , Pittsburgh was designated the most-livable U.S. city by Rand McNally 's Places Rated Almanac	the honor did wonders to improve Pittsburgh 's soot-stained image
+1	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	Yuba City , Calif. ranked dead last among 329 metro areas
+11	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	Yuba City , Calif. ranked dead last among 329 metro areas
+10	you 're always Miss America	you 're Miss America
+0	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	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
+6	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	But attention 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
+6	But attention also rivets on who finishes last	Pine Bluff , Ark . -- which finished third to last in 1981 and second to last in 1985 -- is certainly in the running
+1	Northrop Corp. 's third-quarter net income fell 25 % to $ 21.5 million , or 46 cents a share	General Dynamics Corp. reported nearly flat earnings of $ 76.5 million , or $ 1.83 a share
+2	Los Angeles-based Northrop recorded an 8.2 % decline in sales	B-2 Stealth bomber research-and-development revenue continued to ebb and high costs on some other programs cut into profit
+6	as B-2 Stealth bomber research-and-development revenue continued to ebb	high costs on some other programs cut into profit
+2	sales fell because of the decline in B-2 development dollars from the government as the plane continues its initial production stage	and fewer F/A-18 fighter sections are being produced in its subcontract work with prime contractor McDonnell Douglas Corp
+6	earnings were hurt by excessive costs on a number of such contracts won years ago	Northrop 's interest expense soared to $ 35 million from $ 17 million a year ago
+1	debt remained at the $ 1.22 billion that has prevailed since early 1989	that compared with $ 911 million at Sept. 30 , 1988
+6	At General Dynamics , factors reducing earnings in the military aircraft segment included higher levels of cost-sharing in development of the Advanced Tactical Fighter , and the high cost of an advanced version of the F-16 fighter	F-16 deliveries have fallen `` slightly behind schedule
+1	F-16 deliveries also have fallen `` slightly behind schedule	a return to the previous schedule is expected in 1990
+11	In the first half , Lotus struggled to keep market share with costly promotions	customers awaited the launch of 1-2-3 Release 3 , the upgraded spreadsheet software
+6	Lotus had upgrade revenue of about $ 22 million in the quarter , twice what he had expected	unit shipments of 1-2-3 in all its forms were about 315,000 , up 7 % from 1988 's quarterly average
+0	a spot check of computer makers turned up little , if any , potentially lingering damage to facilities or fabrication equipment	details were sketchy in the aftermath of the violent earthquake that shook the high-tech corridor along with the rest of the San Francisco Bay area
+0	Intel Corp. , Advanced Micro Devices Inc. and National Semiconductor Corp. were all up and running yesterday	many workers were forced to stay home because of damaged roadways
+3	It 's not the end of the world	you shake them up a little bit
+0	Other companies , including International Business Machines Corp. and Hewlett-Packard Co. , completely idled their operations because of Tuesday evening 's temblor , which registered 6.9 on the Richter scale	many were confident that `` in a day or two , everything should be back to normal , '' according to a spokeswoman for the Semiconductor Industry Association , based in Cupertino
+7	Still , many were confident that `` in a day or two , everything should be back to normal , '' according to a spokeswoman for the Semiconductor Industry Association , based in Cupertino	IBM said it anticipates returning to a normal work schedule by the weekend at its San Jose plant
+1	that some 18,000 Valley employees have been called back to work today	things are a big mess
+6	Apple Computer added that it was being `` cautiously optimistic , '' despite not yet closely eyeballing all of its 50 buildings in the region	Sun Microsystems Inc. and Tandem Computers Inc signaled that they should recover quickly
+1	Still , many were confident that `` in a day or two , everything should be back to normal , '' according to a spokeswoman for the Semiconductor Industry Association , based in Cupertino	For many companies , of course , there is a slew of nagging problems to grapple with , some of which have the potential to become quite serious
+7	For many companies , of course , there is still a slew of nagging problems to grapple with , some of which have the potential to become quite serious	the Sunnyvale chip maker is worried about blackouts
+1	For many companies , of course , there is still a slew of nagging problems to grapple with , some of which have the potential to become quite serious	given what might have happened to the fragile parts that are at the heart of the microelectronics business , the bulk of Valley companies seemed to be just about shouting hosannas
+2	to be newer	and in step with the latest safety codes
+6	For one thing , buildings there tend to be newer and , thus , in step with the latest safety codes	the soil in the Valley is solid , unlike the landfill of San Francisco 's downtown Marina District , which was hit with fires and vast destruction
+6	For one thing , buildings there tend to be newer and , thus , in step with the latest safety codes.Also , the soil in the Valley is solid , unlike the landfill of San Francisco 's downtown Marina District , which was hit with fires and vast destruction	some microelectronics companies said they were prepared for tremulous conditions like Tuesday 's
+6	Intel said that over the past decade , it has installed computer sensors and shutoff valves , sensitive to the shake of an earthquake , in the pipes that snake through its plants	Like other large Valley companies , Intel noted that it has factories in several parts of the nation , so that a breakdown at one location should n't leave customers in a total pinch
+2	that it has factories in several parts of the nation	a breakdown at one location should n't leave customers in a total pinch
+10	to dial Digital automatically	trouble arises
+10	to dial Digital automatically	They run remotely controlled self-diagnostic programs
+6	Digital Equipment has set up disaster-recovery response centers in Dallas , Atlanta and Colorado Springs , Colo	Digital said it has dispatched teams of technicians to California
+6	a spot check of computer makers turned up little , if any , potentially lingering damage to facilities or fabrication equipment	they , too , fared as well as could be expected
+11	a spot check of computer makers turned up little , if any , potentially lingering damage to facilities or fabrication equipment	they , too , fared as well as could be expected
+10	At Lockheed Corp. 's missiles and space systems group in Sunnyvale , about 40 miles south of San Francisco , workers were asked to head to work yesterday	it was realized that `` there were no show-stoppers '' in the 150-plus buildings on its one-square-mile campus
+1	Several engineering and research offices needed closer scrutiny to make sure they were n't in danger of crumbling	the bulk of the place is in pretty good shape
+6	One of Lockheed 's most lucrative sectors the missiles and space group is the prime Pentagon contractor on the Trident II ballistic missile	It generates pieces of the missile shield called the Strategic Defense Initiative
+6	Michael Maynard offered the world a faster way to break eggs.As thanks , the egg industry tried to break him	the egg producers have done a pretty good job
+1	Mr. Maynard is n't the first entrepreneur to bump up against entrenched interests	his case is notable both for the scale of the fight and for what it tells about the pitfalls of marketing a new product
+1	Now one might ask why people who sell eggs would fight someone who is trying to make it easier to crack them	that products ranging from egg bread to eclairs lose some zip when the eggs come in 30-pound cans instead of shells
+10	that products ranging from egg bread to eclairs lose some zip	the eggs come in 30-pound cans instead of shells
+1	that products ranging from egg bread to eclairs lose some zip when the eggs come in 30-pound cans instead of shells	for companies that use hundreds of eggs a day , breaking them by hand can get , well , out of hand
+2	a big egg user can recover the Egg King 's $ 3,390 cost in a few months	fresh eggs are less expensive than processed ones
+1	Such centrifugal egg breakers have been around since the 1890s	when Mr. Maynard came forward with his machine in the early 1970s nobody else was offering them in the U.S
+11	But nobody else was offering them in the U.S	Mr. Maynard came forward with his machine in the early 1970s
+6	Hens sometimes pass salmonella to the eggs	it can also be found on unclean shells
+6	Hens sometimes pass salmonella to the eggs	and it can be found on unclean shells
+2	Hens sometimes pass salmonella to the eggs , and it can also be found on unclean shells	any machine that breaks large amounts of eggs at once has the potential to spread salmonella if a bad egg gets in with the good ones
+3	to spread salmonella	a bad egg gets in with the good ones
+3	With nearly 4,000 machines in use , there have been no salmonella problems	instructions were followed
+1	the handful of salmonella cases involving products that may have used eggs broken by an Egg King stemmed from a failure to adequately cook the products	that 's no more a reason for banning Egg Kings than bad drivers are a reason for banning cars
+6	the machine is `` a health hazard	that Mr. Maynard is trying `` to make a fast buck at the expense of the nation 's egg producers
+1	The UEP declines to comment	the group 's attorney , Alfred Frawley , says the group 's actions are motivated solely by `` health concerns
+10	this branch got the other branch to rescind its approval	receiving complaints from egg producers
+2	the other branch to rescind its approval	limiting the machine 's potential market to bakeries and restaurants and other establishments that are n't regulated by the USDA
+6	After receiving complaints from egg producers	The egg producers lobbied the Food and Drug Administration
+1	The egg producers also lobbied the Food and Drug Administration	the FDA in a 1985 letter to the United Egg Producers said that there was `` little likelihood '' of a health problem as long as instructions were followed
+3	that there was `` little likelihood '' of a health problem	instructions were followed
+2	But the FDA in a 1985 letter to the United Egg Producers said that there was `` little likelihood '' of a health problem as long as instructions were followed	the producers went to Capitol Hill
+6	Mr. Maynard , whose company at the time was based in Santa Ana , Calif. , enlisted his local congressman	the battle was joined
+1	Mr. Maynard 's forces finally defeated the measure	it took a vote on the floor of the House of Representatives to do it
+6	though it took a vote on the floor of the House of Representatives to do it	opponents managed to get a congressional hearing to examine what one congressman called an `` unscrupulous '' method for breaking eggs
+0	Now he has moved to Oklahoma where costs are lower , and started a new company , Adsi Inc. , to market his machine	so far , the change of scenery has n't ended his string of bad breaks
+1	Michelle Pfeiffer ca n't chew gum and sing at the same time	on the evidence of `` The Fabulous Baker Boys , '' that may be the only thing she ca n't do
+11	But on the evidence of `` The Fabulous Baker Boys , '' that may be the only thing she ca n't do	she 's acting in movies
+6	like she 's hearing the way it should sound inside her head	she 's concentrating on matching that internal tone
+1	Her Susie Diamond handles a song the way the greats do , like she 's hearing the way it should sound inside her head and she 's concentrating on matching that internal tone	her intensity stops and starts with the music
+11	she prepares for a song by removing the wad of gum from her mouth , and indicates that she 's finished by sticking the gum back in	she is n't performing for an audience
+0	Like almost everything in this wonderfully romantic and edgy movie , Ms. Pfeiffer 's Susie seems like someone you 've seen before , in numerous show-biz stories	nothing about `` Baker Boys , '' and certainly nothing about Ms. Pfeiffer , really is like something from the video vault
+1	who does n't dismiss dreams	who also has enough experience to see his limits
+6	who does n't dismiss dreams	but who has enough experience to see his limits
+1	Both movies are infused with the nostalgic sensibility of someone much older , someone who does n't dismiss dreams , but who also has enough experience to see his limits	Mr. Kloves directs his own material without sentimentality and at its own eccentric pace
+10	Mr. Ballhaus has developed a distinctively fluid style	working for years with Werner Rainer Fassbinder , the late German director , and more recently with Martin Scorsese ( `` After Hours , '' `` The Color of Money , '' `` The Last Temptation of Christ '' )
+6	Much of the picture 's sensuality emerges from cinematographer Michael Ballhaus 's slyly seductive lens work	Dave Grusin 's witty score embraces the banal requirements of banquet-hall musicianship ( `` Feelings '' is a must ) without condescension
+2	that it 's much more natural to end up looking like a stiff	it 's quite possible that the terrific play between the brothers is n't natural at all , that Jeff and Beau had to work like crazy to make their brotherly love -- and resentment and frustration and rage -- seem so very real
+11	the Baker brothers are doing what they 've done for 15 years professionally , and twice as long as that for themselves : They 're playing proficient piano , face-to-face , on twin pianos	the movie opens
+0	They 're small time in the small time-hotels ( not the best ones ) and restaurants in Seattle	they do n't disparage their audiences by disparaging their act
+5	They wear tuxedos most nights	circumstances ( a regular gig at a `` tropical '' lounge , for example ) require them to wear special costumes , like Hawaiian shirts
+3	than he would have to	he worked for a big corporation
+0	who fancies himself the rebellious artist ; he lives in a loft with his sick dog and the occasional visit from the little girl upstairs , who climbs down the fire escape	Jack 's the one who can remember every dive they ever played , and when , and he dutifully shows up for work night after night
+6	Yet Jack 's the one who can remember every dive they ever played , and when	he dutifully shows up for work night after night
+11	which she sings	prancing around in a little cotton candy pink angora sweater that could n't be more perfect
+6	These include Jennifer Tilly 's audition to be the Baker Boys ' girl singer Here she delivers , especially during her enthusiastically awful rendition of the `` Candy Man , '' which she sings while prancing around in a little cotton candy pink angora sweater that could n't be more perfect . ( It matches her voice . )	Ms. Pfeiffer 's particular version of `` Making Whoopee '' -- and the way Mr. Ballhaus photographs her , from the tips of her red high heels right up her clingy red velvet dress -- might make you think of Marilyn Monroe if Ms. Pfeiffer had n't gone and become a star in her own right
+3	And Ms. Pfeiffer 's particular version of `` Making Whoopee '' -- and the way Mr. Ballhaus photographs her , from the tips of her red high heels right up her clingy red velvet dress -- might make you think of Marilyn Monroe	Ms. Pfeiffer had n't gone and become a star in her own right
+3	take a look at `` Grease 2	you 'd like to see the first time Michelle Pfeiffer sang on screen
+6	If you 'd like to see the first time Michelle Pfeiffer sang on screen	you have a lot of patience
+10	Control Data has been seeking a buyer for the facility	it folded its ETA Systems Inc. supercomputer unit this past April
+10	Bank Building & Equipment Corp. of America increased its projections of the negative fiscal impact , and said it was exploring the company 's sale	which said accounting discrepancies its auditors uncovered would hurt earnings and require restatement of earlier results
+6	Company auditors are continuing their review	final restated figures are n't yet available
+10	Bank Building , which expects to report a fourth-quarter loss , said it engaged advisers to `` explore financial alternatives for the company including the possible sale of the company or one or more of its units	Bank Building said the restatement is necessitated by `` certain errors in recording receivables and payables '' at its Loughman Cabinet division
+6	I do n't want to feel guilty representing my constituents	if I think that some people { on HUD Secretary Jack Kemp 's } staff are off base in terms in which they 're evaluating certain things affecting my hometown , I have to tell you something -- I 'm not going to take it
+3	I 'm not going to take it	that some people { on HUD Secretary Jack Kemp 's } staff are off base in terms in which they 're evaluating certain things affecting my hometown
+6	I think that I 'm elected to represent the people that sent me here	one of our charges is to be an ombudsman for our area
+6	And one of our charges is to be an ombudsman for our area	if we 're not ombudsman for our area , we ought to be thrown out of office
+3	And we ought to be thrown out of office	we 're not ombudsman for our area
+1	And if we 're not ombudsman for our area , we ought to be thrown out of office	if we 're asking for something unreasonable or unethical and so on , then that 's a whole different story
+3	we 're asking for something unreasonable or unethical and so on	On the other hand that 's a whole different story
+1	On the other hand , if we 're asking for something unreasonable or unethical and so on , then that 's a whole different story	if I feel that there are situations where I 'm trying to get housing for our area and I have to feel that I ca n't even ask a question , I 've got to tell you , I think that 's outrageous
+3	that 's outrageous	I feel that there are situations where I 'm trying to get housing for our area and I have to feel that I ca n't even ask a question
+6	if I feel that there are situations where I 'm trying to get housing for our area	I have to feel that I ca n't even ask a question
+1	Capcom Futures said in a statement that the Merc charges were `` technical in nature '' and that `` no customers were hurt '' as a result of the violations cited by the Merc	neither admitting nor denying the Merc charges
+1	while admitting	denying the Merc charges
+6	that the Merc charges were `` technical in nature	that `` no customers were hurt '' as a result of the violations cited by the Merc
+2	Money-market mutual fund assets grew at nearly three times their usual rate in the latest week	investors opted for safety instead of the stock market
+6	Most short-term certificates of deposit are yielding about 8 % or less at major banks	the yields on Treasury bills sold at Monday 's auction fell to 7.61 % for three months and 7.82 % for six months
+3	you do n't start getting proceeds for five to seven days	you 're selling equities
+2	Money-fund yields tend to lag interestrate trends	portfolio managers adjust the maturities of their investments -- short-term Treasury securities , commercial paper and the like -- to capture the highest yields
+3	Maturities usually are shorter	rates are rising
+3	and longer	they are falling
+6	The average 30-day simple yield was 8.26 % , compared with 8.27 % the week before	the 30-day compound yield slid to 8.60 % from 8.61 %
+6	The complex restructuring transforms London-based WCRS from primarily a creator of advertising into one of Europe 's largest buyers of advertising time and space	It creates a newly merged world-wide ad agency controlled by Eurocom and headed jointly by New York ad man Jerry Della Femina and two top WCRS executives
+11	to become one of the world 's 10 largest agencies	attracting more multinational clients than the agencies were able to attract alone
+11	The complex restructuring transforms London-based WCRS from primarily a creator of advertising into one of Europe 's largest buyers of advertising time and space	For Eurocom the move gives it a strong U.S. foothold in Della Femina , and more than quadruples the size of its ad agency business world-wide
+1	The complex restructuring transforms London-based WCRS from primarily a creator of advertising into one of Europe 's largest buyers of advertising time and space	For Eurocom the move gives it a strong U.S. foothold in Della Femina , and more than quadruples the size of its ad agency business world-wide
+6	For Eurocom , meanwhile , the move gives it a strong U.S. foothold in Della Femina , and more than quadruples the size of its ad agency business world-wide	It gives the outspoken Mr. Della Femina an international platform that he most certainly wo n't be loath to use
+6	According to terms , WCRS will pay 2.02 billion French francs ( $ 318.6 million ) for the 50 % it does n't already own of Carat Holding S.A. , one of Europe 's largest media buyers	Eurocom , which had held 20 % of WCRS 's ad unit , will pay # 43.5 million ( $ 68.5 million ) to raise its stake to 60 %
+11	According to terms , WCRS will pay 2.02 billion French francs ( $ 318.6 million ) for the 50 % it does n't already own of Carat Holding S.A. , one of Europe 's largest media buyers	Eurocom , which had held 20 % of WCRS 's ad unit , will pay # 43.5 million ( $ 68.5 million ) to raise its stake to 60 %
+6	Meanwhile , Eurocom will pay # 43.5 million ( $ 68.5 million ) to raise its stake to 60 %	That price covers Eurocom raising to 60 % its 51 % stake in Europe 's Belier Group , a joint venture ad agency network it owns with WCRS
+6	That price also covers Eurocom raising to 60 % its 51 % stake in Europe 's Belier Group , a joint venture ad agency network it owns with WCRS	Eurocom will have the right to buy the remaining 40 % of the merged ad agency group in six years
+1	The new agency group is already in discussions about a possible purchase in Spain	it also plans to make acquisitions in Scandinavia , Germany and elsewhere
+6	The new agency group is already in discussions about a possible purchase in Spain	it plans to make acquisitions in Scandinavia , Germany and elsewhere
+11	it did so in order to attract larger clients , especially packaged-goods companies	WCRS created Della Femina McNamee out of the merger of three smaller agency units in 1988
+6	Since then , Della Femina won Pan Am as an international client	and does work for a few packaged-goods clients , including Dow Chemical Co. 's Saran Wrap
+1	Since then , Della Femina won Pan Am as an international client and also does work for a few packaged-goods clients , including Dow Chemical Co. 's Saran Wrap	major packaged-goods players of the world -- such as Procter & Gamble , Colgate-Palmolive and Unilever -- have steadfastly eluded the agency
+1	Cracking the top 10 within three years will be difficult at best	the restructuring could create one of the most powerful alliances between advertising and media-buying firms that Europe has seen
+6	Carat will receive its WCRS stake as part of payment for the 50 % Carat stake that WCRS is buying	it expects to pay about # 32 million for its WCRS stake
+6	They and other top executives signed long-term employment contracts	Mr. Della Femina will receive an additional multimillion-dollar sum , which some industry executives pegged at about $ 10 million
+1	WCRS Group , for its part , will now be able to follow its longstanding plan of becoming `` a holding company for a series of media-related businesses	For Carat the alliance with Eurocom and WCRS is intended to strengthen its own push outside France
+2	By buying the space in bulk , they obtain discounts as high as 50 % , which they can pass on to customers	They have won the French space-buying business of such advertising giants as Coca-Cola Co. , Fiat S.p.A. , Gillette and Kodak
+1	They thus have won the French space-buying business of such advertising giants as Coca-Cola Co. , Fiat S.p.A. , Gillette and Kodak	now , other agencies are getting into the business with their own competing media-buying groups
+6	But now , other agencies are getting into the business with their own competing media-buying groups	Carat wants to expand to the rest of Europe
+10	it plans an issue of Euroconvertible preferred shares	the market settles down
+1	To help finance the Carat purchase it plans an issue of Euroconvertible preferred shares once the market settles down	that `` in the light of the current uncertainty in the equity markets , '' it has arranged medium-term debt financing
+1	the quake damaged the offices of J. Walter Thompson , Chiat/Day/Mojo and DDB Needham , among others	no agencies reported injuries to employees
+10	Staffers at Thompson watched pictures drop from the walls	and felt the skyscraper sway seven to eight feet , according to a spokeswoman
+10	Chesebrough-Pond 's Inc. , Greenwich , Conn. , awarded its Faberge hair care accounts to J. Walter Thompson , New York	The accounts were handled at Bozell , New York
+10	who returns to Bozell	being vice president of media at MGM
+10	The agency 's three California offices will now be called AC & R Advertising to match the name of its New York office	called AC & R/CCL Advertising
+0	The deportation of more than 315,000 men , women and children by the Bulgarian regime adds up to one of the largest migrations seen in the postwar years	some people are advancing a chilling casuistry : that what we are seeing is somehow the understandable result of the historical sins committed by the Turks in the 16th century
+9	that what we are seeing is somehow the understandable result of the historical sins committed by the Turks in the 16th century	Today 's Turks in Bulgaria deserve what is coming to them four centuries later
+1	There can be no quibbling that the Armenians endured terrible suffering	one has to wonder what possible good such a resolution will achieve
+6	It puts great strain on a longstanding U.S. friendship with Turkey , a country that has been one of America 's strongest allies in NATO	The resolution comes at a time when Turkey has been seeking help from the United States in resolving its Bulgarian emigration controversy and pursuing democratic reforms that may lead to membership in the European Community
+11	that surfaced	Turkey asked for assistance in dealing with its Bulgarian emigration crisis
+11	that the old standby of retribution for treatment at the hands of the Ottoman Empire comes to the fore	these rationalizations fall on deaf ears
+1	Surely , the past suffering of any people at any time can not be simply filed away and forgotten	what the Senate Judiciary Committee has done in supporting the strongly worded Armenian resolution achieves no useful end
+6	Bulgaria 's government has been behaving beyond the pale for months	the U.S. does its values no credit by ignoring that while casting its votes into the past
+11	by ignoring that	casting its votes into the past
+3	take it away from this discredited federal department	that takes money
+1	If that takes money , take it away from this discredited federal department	of course the Democrats pillorying HUD in hearings and in the press have no such solution in mind
+5	But of course the Democrats pillorying HUD in hearings and in the press have no such solution in mind	they 're scrambling to protect the very programs at the heart of the HUD scandal
+1	No doubt many of his ideas are worthy	ultimately he is proposing to make fundamentally flawed programs work slightly more fairly and efficiently
+7	Last week , Secretary Kemp ran into a buzzsaw of criticism from House Banking Committee members	They were appalled that he wanted to target more of the $ 3 billion Community Development Block Grant ( CDBG ) program to low-income projects and zero out the notorious `` discretionary '' funds that have allowed HUD officials to steer contracts to political cronies
+6	These development grants mainly enrich developers who want to put up shopping centers and parking garages	They give those in Congress political credit for bringing home the pork
+6	They also give those in Congress political credit for bringing home the pork	so they are popular with such Members as Mary Rose Oakar
+2	They also give those in Congress political credit for bringing home the pork	and they are popular with such Members as Mary Rose Oakar
+2	Rep. Oakar , a Democrat from Cleveland , wants a $ 6.9 million grant	Cleveland can build an 18-story Rock and Roll Hall of Fame
+6	HUD says the project does n't qualify	Mr. Kemp says that rock ' n ' roll musicians and the music industry ought to put up the money
+3	that there 's something wrong	a congressman calls about a project in his district
+6	what the Republican consultants have been doing with HUD	what these gentleladies and gentlemen want to do with HUD
+6	Some HUD money actually does trickle down to the poor	zeroing out housing middlemen would free up more money for public housing tenants to manage and even own their units
+5	Decent life in the inner cities wo n't be restored	the government reclaims the streets from the drug gangs
+2	that history is , so to speak , at an end	the course of human progress has now culminated in the glorious full stop of American civilization
+3	Builders get away with using sand and financiers junk	society decides it 's okay , necessary even , to look the other way
+6	Builders get away with using sand and financiers junk when society decides it 's okay , necessary even , to look the other way	by the early 1980s U.S. capitalists had ample reason to welcome junk bonds , to look the other way
+9	By that time they found extremely low profit rates from non-financial corporate investment	Government statistics show that the profit rate -- net pretax profits divided by capital stock -- peaked in 1965 at 17.2 %
+6	That same calculation saw profit rates fall to 4.6 % in the recession year 1982	the supposed miracle that followed has seen the profit rate rise only to 8.1 % in 1986 and 8 % in 1987
+3	in the number arrived at	you divide the market value of firms by the replacement costs of their assets , the famous Q ratio associated with Prof.James Tobin
+0	In theory , the value attached to a firm by the market and the cost of replacing its assets should be the same	of course the market could decide that the firm 's capital stock -- its assets -- means nothing if the firm is not producing profits
+3	that the firm 's capital stock -- its assets -- means nothing	the firm is not producing profits
+9	But of course the market could decide that the firm 's capital stock -- its assets -- means nothing if the firm is not producing profits	This is what the market decided
+3	that an alert entrepreneur wo n't look the other way	it takes only 43 cents to buy a dollar 's worth of a firm 's capital stock
+6	that the underlying profitability rate will go up	the capital assets he bought on the cheap will soon be producing profits , thus restoring the market 's faith in them
+2	that the underlying profitability rate will go up and the capital assets he bought on the cheap will soon be producing profits	restoring the market 's faith in them
+0	From the history of capitalism we can take it as a sound bet that if it takes only 43 cents to buy a dollar 's worth of a firm 's capital stock , an alert entrepreneur wo n't look the other way	here is where the entrepreneur made a very risky bet , and where society was maybe foolish to look the other way
+6	where the entrepreneur made a very risky bet	where society was maybe foolish to look the other way
+6	The profit rate is still low	the Q ratio was only 65 % in 1987 and 68.9 % in 1988
+1	The mounting risks did not go unobserved , even in the mid-1980s	there were enough promoters announcing the end of history ( in this case suspension of normal laws of economic gravity ) for society to continue shielding its eyes
+0	Mainstream economists and commentators , craning their necks up at the great pyramids of junk financing , swiveling their heads to watch the avalanche of leveraged buy-outs , claimed the end result would be a leaner , meaner corporate America , with soaring productivity and profits and the weaker gone to the wall	this is not where the rewards of junk financing were found
+6	Profit rates after the great merger wave are no higher	now we have an extremely high-interest burden relative to cash flow
+9	From its peak in 1972 of $ 198.41 , the average American weekly wage had fallen to $ 169.28 in 1987 -- both figures being expressed in 1977 dollars	after the glory boom of the Reagan years , wages had sunk from the post World War II peak by 16 % as capitalists , helped by the government , turned down the screws or went offshore
+2	In other words , after the glory boom of the Reagan years , wages had sunk from the post World War II peak by 16 %	capitalists turned down the screws or went offshore
+1	In other words , after the glory boom of the Reagan years , wages had sunk from the post World War II peak by 16 % as capitalists , helped by the government , turned down the screws or went offshore	there are signs now -- the strikes by miners , Boeing workers , telephone workers , etc . -- that this attack on wages is being more fiercely resisted
+11	the London Times forbade my father to use	he was reporting the Wall Street crash in 1929
+1	Governments have become sophisticated in handling moments of panic ( a word the London Times forbade my father to use when he was reporting the Wall Street crash in 1929 )	sophistication has its limits
+1	Capitalism may now be engineered to withstand sudden shocks	there are fault lines -- the crisis in profits , the assault on wages , the structural inequity of the system -- that make fools of those who claim that the future is here and that history is over
+6	that the future is here	that history is over
+6	Many airlines are talking about cargo ventures	there have been rumors about such a tie between JAL and European airlines
+1	he could n't confirm or deny the latest Japanese report	he said JAL is talking to Lufthansa and Air France about some sort of cargo venture
+3	their clout would be considerable	the three companies pool their air-freight businesses
+6	Other airlines would have access to the system	negotiations with partners were already under way
+6	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	JAL has signaled it is looking for toeholds in Europe before the end of 1992
+2	to lease crews and planes from British Airways	it could funnel its passengers from London to other European destinations
+1	British Airways said it has n't received a proposal from JAL	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
+2	The decision was made late yesterday	the Pacific exchange 's options floor was shut down as a result of Tuesday 's earthquake
+6	carpenters quickly erected a new options floor to accomodate 40 traders from the Pacific exchange	specialists on the exchanges agreed to provide backup capital for market-making in Pacific exchange options traded on the exchanges
+1	Investors were concerned that they might be unable to exercise options that expire tomorrow	professionals said throughout the day that the shutdown would n't be a cause for alarm even if it were to persist for several days
+0	that the shutdown would n't be a cause for alarm	it were to persist for several days
+2	that they still have the ability to exercise their options	they are guaranteed by the Options Clearing Corp
+1	that they still have the ability to exercise their options	The SEC reassigned trading in the options to allow investors to do more than simply exercise the options
+1	orders were being routed and executed in Los Angeles	the exchange 's equities floor in San Francisco remained open on a limited basis
+1	Workers could dial out	they could n't receive telephone calls
+2	business is as usual	the exchange 's computer was rerouting orders to the exchange 's trading operations in Los Angeles
+3	the other can take over	one city is down
+11	While the exchange 's equities floor in San Francisco remained open on a limited basis , orders were being routed and executed in Los Angeles	the brokerage firms in San Francisco were trying to cope
+6	While the exchange 's equities floor in San Francisco remained open on a limited basis , orders were being routed and executed in Los Angeles	the brokerage firms in San Francisco were trying to cope
+6	Traders worked with the help of sunlight streaming through windows , despite large cracks in the walls and a lack of incoming phone calls	most of the telecommunications equipment was out
+10	At Kidder , Peabody & Co. 's Sacramento branch , Manager Janet White received calls yesterday morning from workers in San Francisco who offered to work in Sacramento	she discovered that Quotron Systems Inc. 's Sacramento lines were down
+2	that Quotron Systems Inc. 's Sacramento lines were down	they are normally tied in through a system that goes through San Francisco
+2	that Quotron Systems Inc. 's Sacramento lines were down	the Kidder brokers had to call other company offices to get quotes on stocks
+1	The company dispatched as many as 200 people in the San Francisco area to do the work	most of the rerouting was done by computer
+1	Service appeared to be down throughout the financial district in downtown San Francisco	just parts of Oakland and San Jose were knocked out
+1	Service appeared to be down throughout the financial district in downtown San Francisco , while just parts of Oakland and San Jose were knocked out	service was being restored to outlying San Francisco areas
+6	that it guarantees the Pacific exchange options	The firm will permit its members and the public `` to exercise their put and call options contracts traded on the Pacific exchange '' even if the exchange is closed
+0	its members and the public `` to exercise their put and call options contracts traded on the Pacific exchange	the exchange is closed
+1	Put options give holders the right , but not the obligation , to sell a financial instrument at a specified price	call options give holders the right , but not the obligation , to buy a financial instrument at a specified price
+9	Investors and traders in Pacific exchange options `` are protected to the extent that they can convert their put and call options into the underlying instrument	We are seeing such exercises today
+0	IBM 's shares have slipped steadily from its 52-week high of $ 130.875	the stock market has generally done well this year
+10	The announcement came	the market 's close
+6	The company has spent some $ 5 billion over the past 3 1/2 years to buy back 42 million common shares , or roughly 7 % of those outstanding	despite IBM 's well-publicized recent problems , the computer giant still generates enormous amounts of cash
+2	The company has spent some $ 5 billion over the past 3 1/2 years to buy back 42 million common shares , or roughly 7 % of those outstanding . In addition , despite IBM 's well-publicized recent problems , the computer giant still generates enormous amounts of cash.As of the end of the second quarter , it had $ 4.47 billion of cash and marketable securities on hand	some securities analysts had predicted in recent days that IBM would authorize additional purchases
+0	that it thought the purchases were a good way to improve such financial measurements as per-share earnings and return on equity	IBM did n't view its spending as necessarily a way to support the stock
+6	At yesterday 's closing price , $ 1 billion would buy back about 10 million shares , or less than 2 % of the roughly 580 million outstanding	as of Sept. 30 , the company still had authorization to buy $ 368 million of stock under a prior repurchase program
+1	In the short term , the move is likely to have little effect	Over the long term IBM 's stock repurchases -- along with its hefty , $ 4.84-a-share annual dividend and generally loyal following among large institutional investors -- are providing a floor for the stock price
+0	it began faltering as early as January	IBM last year produced its first strong results in four years and was expected to continue to roll this year
+10	First , it had trouble manufacturing a chip for its mainframes , IBM 's bread-and-butter business	it had a series of smaller glitches , including problems manufacturing certain personal computers and the delay in the announcement of some important workstations
+10	First , it had trouble manufacturing a chip for its mainframes , IBM 's bread-and-butter business.Then it had a series of smaller glitches , including problems manufacturing certain personal computers and the delay in the announcement of some important workstations	IBM had to delay the introduction of some high-end disk drives , which account for 10 % of its $ 60 billion of annual revenue
+6	None of the problems is necessarily fatal	they are n't all necessarily even related
+6	First , it had trouble manufacturing a chip for its mainframes , IBM 's bread-and-butter business.Then it had a series of smaller glitches , including problems manufacturing certain personal computers and the delay in the announcement of some important workstations.Finally , IBM had to delay the introduction of some high-end disk drives , which account for 10 % of its $ 60 billion of annual revenue	There are other factors at work that are outside IBM 's control , such as currency exchange rates
+11	which reduces the value of overseas earnings and revenue	they are translated into dollars
+0	None of the problems is necessarily fatal , and they are n't all necessarily even related.There are also other factors at work that are outside IBM 's control , such as currency exchange rates	investors will take some convincing before they get back into IBM 's stock in a big way
+10	Still , investors will take some convincing	they get back into IBM 's stock in a big way
+1	that even the big institutional investors are looking for a reason to avoid the stock these days	investors were looking for an excuse to buy IBM shares a year ago
+1	Wall Street thinks of everything in terms of money	such event-driven trading moves typically last only a few hours and are often made without full information
+10	some insurance stocks initially fell	this bullish theory surfaced
+9	some insurance stocks initially fell , indicating that investors thought the quake might cost insurers a lot of money	earthquake damage would slightly hurt fourth-quarter profit
+1	On the prospect for rebuilding northern California , investors bid up cement-makers Calmat Co. , up $ 2.75 to $ 28.75 , and Lone Star Industries Inc. , up $ 1.75 to $ 29.25.Bridge and road builders had a field day , including Kasler Corp. , up $ 2.125 to $ 9.875 , Guy F. Atkinson Co. , up 87.5 to $ 61.875 , and Morrison Knudsen Corp. , which reported higher third-quarter earnings yesterday , up $ 2.25 to $ 44.125.Fluor Corp. , a construction engineering firm , gained 75 cents to $ 33.375	home-building stocks were a mixed bag
+6	Tosco Corp. jumped $ 1.125 to $ 20.125	Chevron Corp. , despite a temporary pipeline shutdown , rose $ 1 to $ 65
+1	On the prospect for rebuilding northern California , investors bid up cement-makers Calmat Co. , up $ 2.75 to $ 28.75 , and Lone Star Industries Inc. , up $ 1.75 to $ 29.25.Bridge and road builders had a field day , including Kasler Corp. , up $ 2.125 to $ 9.875 , Guy F. Atkinson Co. , up 87.5 to $ 61.875 , and Morrison Knudsen Corp. , which reported higher third-quarter earnings yesterday , up $ 2.25 to $ 44.125.Fluor Corp. , a construction engineering firm , gained 75 cents to $ 33.375.But home-building stocks were a mixed bag . Timber stocks got a big boost.Georgia Pacific Corp. , up $ 1.25 to $ 58 , and Maxxam Inc. , up $ 3 to $ 43.75 , both reported strong profits.Merrill Lynch & Co. touted Georgia-Pacific , Louisiana Pacific Corp. and Willamette Industries Inc. as the best post-quake plywood plays . Other gainers were companies with one or more undamaged California refineries.Tosco Corp. jumped $ 1.125 to $ 20.125 and Chevron Corp. , despite a temporary pipeline shutdown , rose $ 1 to $ 65	shares of some big housing lenders got hit , on the likelihood that the lenders ' collateral -- people 's homes -- suffered physical damage and perhaps a loss in value
+11	On the prospect for rebuilding northern California , investors bid up cement-makers Calmat Co. , up $ 2.75 to $ 28.75 , and Lone Star Industries Inc. , up $ 1.75 to $ 29.25.Bridge and road builders had a field day , including Kasler Corp. , up $ 2.125 to $ 9.875 , Guy F. Atkinson Co. , up 87.5 to $ 61.875 , and Morrison Knudsen Corp. , which reported higher third-quarter earnings yesterday , up $ 2.25 to $ 44.125.Fluor Corp. , a construction engineering firm , gained 75 cents to $ 33.375.But home-building stocks were a mixed bag . Timber stocks got a big boost.Georgia Pacific Corp. , up $ 1.25 to $ 58 , and Maxxam Inc. , up $ 3 to $ 43.75 , both reported strong profits.Merrill Lynch & Co. touted Georgia-Pacific , Louisiana Pacific Corp. and Willamette Industries Inc. as the best post-quake plywood plays . Other gainers were companies with one or more undamaged California refineries.Tosco Corp. jumped $ 1.125 to $ 20.125 and Chevron Corp. , despite a temporary pipeline shutdown , rose $ 1 to $ 65	shares of some big housing lenders got hit , on the likelihood that the lenders ' collateral -- people 's homes -- suffered physical damage and perhaps a loss in value
+6	Wells Fargo & Co. fell 50 cents to $ 81.50	BankAmerica Corp. fell 50 cents to $ 31.875
+6	Wells Fargo & Co. fell 50 cents to $ 81.50 , and BankAmerica Corp. fell 50 cents to $ 31.875	Some California thrift stocks fell , including Golden West Financial Corp. and H.F. Ahmanson & Co
+0	One of its power generators was damaged	there wo n't be any financial impact
+6	A computer failure delayed its earnings announcement	some investors think it might have extra costs to repair damaged telephone lines
+10	Petco Options , an options trading firm owned by the family of the deceased former Chicago Board of Trade chairman Ralph Peters , is getting out of the trade clearing , or processing and guaranteeing , business	sustaining a multimillion dollar loss Friday
+6	The owners of the company got a look at the potential risks in this business	after Monday they felt they did n't want to be exposed any more
+2	Over the weekend Fossett Corp. , another options trading firm , transferred the clearing accounts of about 160 traders to First Options of Chicago , a unit of Continental Bank Corp	it could n't meet regulatory capital requirements after Friday 's market slide
+6	Prior to the introduction of financial futures in the late 1970s , most trading firms clustered around the LaSalle Street financial district here were family operations handed down from one generation to the next	Most were relatively undercapitalized compared with the size of most Wall Street securities firms
+1	Betty Lombardi is a mild-mannered homemaker and grandmother in rural Hunterdon County , N.J	put her behind a shopping cart and she turns ruthless
+6	But put her behind a shopping cart	she turns ruthless
+3	she 'll cross Crest off her shopping list without a second thought	Colgate toothpaste offers a tempting money-saving coupon
+10	she dropped Pepperidge Farm and started buying brands free of such oils	she heard about the artery-clogging hazards of tropical oils in many cookies
+1	I always thought Pepperidge Farm was tasty and high quality	I do n't want any of that oil for my grandkids
+1	it ca n't tell exactly how many customers it has lost	it hopes to remove the objectionable tropical oil from all its products by year end
+1	it has eroded during the 1980s	brand loyalty is far from dead
+6	More than half the users of 17 of the 25 products included in the survey said they 're brand switchers	12 % of consumers are n't brand loyal for any of the 25 product categories
+6	Only 2 % are brand loyal in 16 to 20 of the categories	no one is loyal for more than 20 types of products
+6	Coke and Pepsi are all the same to me	I usually buy whichever brand of coffee happens to be on sale
+2	People often stay with a particular brand	they want to be associated with the image its advertising conveys
+6	Only 23 % of trash-bag users in the Journal survey usually buy the same brand	just 29 % of battery buyers stick to one brand
+0	Underwear scored a middling 36 % in brand loyalty	that 's actually quite high for such a mundane product
+6	Brand loyalty was stronger among older consumers in the Journal survey	Higher-income people tend to be more brand loyal these days
+1	that at least the product will be of acceptable quality	not always the best value for the money
+1	Higher-income people also tend to be more brand loyal these days	the bottom end of the market is becoming less loyal
+11	Higher-income people also tend to be more brand loyal these days	the bottom end of the market is becoming less loyal
+11	How those hotly pursued but highly unpredictable baby boomers will behave	they move into middle age
+1	They grew up with more brand choices than any generation and have shown less allegiance so far	now that they 're settling down and raising families , might they also show more stability in their brand choices
+11	But might they also show more stability in their brand choices	they 're settling down and raising families
+6	But now that they 're settling down and raising families	might they show more stability in their brand choices
+1	Earlier generations were brand loyal across categories	boomers tend to be brand loyal in categories like running shoes and bottled water , but less so in others like toilet paper and appliances
+1	consumers today do n't buy products capriciously , either	not as brand loyal as in the past
+9	While not as brand loyal as in the past , consumers today do n't buy products capriciously , either	they tend to have a set of two or three favorites
+3	you can be sure a new and improved Huggies wo n't be far behind	a more absorbent Pampers hits the market
+3	consumers simplify the complexity by telling themselves , 'All brands are the same so what difference does it make which I buy	there 's a clutter of brands
+2	All brands are the same	what difference does it make which I buy
+1	Too often , advertising imagery has n't done a good job of forging a special emotional bond between a brand and the consumer	given such strong brand disloyalty , some marketers are putting renewed emphasis on image advertising
+6	But given such strong brand disloyalty , some marketers are putting renewed emphasis on image advertising	A small but growing number of companies are trying to instill more fervent brand loyalty through such personalized direct-marketing ploys as catalogs , magazines and membership clubs for brand users
+1	they went overboard in shifting money from advertising to coupons , refunds and other sales incentives	discount promotions are essential for most brands
+0	Some people argue that strong brands can afford to stop advertising for a time because of the residual impact of hundreds of millions of dollars spent on advertising through the years	most companies are too afraid to take that chance
+7	Every time 24 hours pass without any advertising reinforcement , brand loyalty will diminish ever so slightly -- even for a powerful brand like Budweiser	what happened to Maxwell House coffee
+1	The Kraft General Foods brand stopped advertising for about a year in 1987 and gave up several market share points and its leadership position in the coffee business	since returning to advertising , Maxwell House has regained the lost share and is running neck and neck with archrival Folgers
+10	But Maxwell House has regained the lost share and is running neck and neck with archrival Folgers	returning to advertising
+0	we need advertising to maintain and strengthen it	brand loyalty is rather strong for coffee
+6	Our heavy users consume two to three cans of soup a week	we 'd like to increase that
+2	Campbell Soup Co. , for one , has concluded that it makes good sense to focus more on its most loyal customers than on people who buy competitive brands	Campbell is talking to its `` brand enthusiasts , '' probing their psychological attachment to its soup
+10	than what insurers faced	Hurricane Hugo ripped through the Caribbean and the Carolinas last month
+1	Getting a grip on the extent of the damages is proving a far more difficult task than what insurers faced after Hurricane Hugo ripped through the Caribbean and the Carolinas last month	investors are betting that the financial and psychological impact of the earthquake , coming so soon after the hurricane , will help stem more than two years of intense price-cutting wars among business insurers
+2	Aetna , chartered three planes to fly claims adjusters into Sacramento and then planned for them to drive to the Bay area	commercial air travel is interrupted
+10	Aetna chartered three planes to fly claims adjusters into Sacramento	and planned for them to drive to the Bay area
+6	about 25 % of its policyholders in California have also purchased earthquake insurance	about 23 % of its personal property policyholders -- about 28 % in the San Franciso area have earthquake coverage
+1	damage to residential property could total $ 500 million	only $ 100 million to $ 150 million is insured
+2	the Bay Bridge -- unlike some bridges -- has no earthquake coverage , either	the cost of repairing it probably would have to be paid out of state general operating funds
+1	the Bay Bridge -- unlike some bridges -- has no earthquake coverage , either	the bridge does have `` loss of income '' insurance to replace lost revenue if the operation of the bridge is interrupted for more than seven days
+3	to replace lost revenue	the operation of the bridge is interrupted for more than seven days
+5	to cause significant financial problems for the insurance industry as a whole	the total capital of the industry is likely to be higher at year end than it was at midyear
+9	Instead , even with the liabilities of two natural disasters in recent weeks the total capital of the industry is likely to be higher at year end than it was at midyear	the earthquake could contribute to a turnaround in the insurance cycle in a couple of ways
+7	Indeed , the earthquake could contribute to a turnaround in the insurance cycle in a couple of ways	insurers may seek to limit their future exposure to catastrophes by increasing the amount of reinsurance they buy.Such increased demand for reinsurance , along with the losses the reinsurers will bear from these two disasters , are likely to spur increases in reinsurance prices that will later be translated into an overall price rise
+10	Such increased demand for reinsurance , along with the losses the reinsurers will bear from these two disasters , are likely to spur increases in reinsurance prices	that will be translated into an overall price rise
+0	Earthquake-related claims are n't expected to cause significant financial problems for the insurance industry as a whole	a few individual companies , most likely smaller ones , could be devastated
+1	U.K. underwriters traditionally have a large reinsurance exposure to U.S. catastrophe coverage	it 's unclear how much exposure the London market will face
+6	it reached a preliminary accord on the sale of its environmental consulting and services business for about $ 40 million and assumption of related debt	it is making progress in negotiating the buy-out of its design division by management
+6	it reached a preliminary accord on the sale of its environmental consulting and services business for about $ 40 million and assumption of related debt it also is making progress in negotiating the buy-out of its design division by management	it will use proceeds from a private placement of $ 8 million of preferred shares to purchase an interest in a start-up company to underwrite environmental impairment insurance
+3	he `` would be disappointed	we could n't do { the deal } within a month
+6	to give GM about a 15 % stake that eventually would rise to about 30 %	creating joint manufacturing ventures
+1	Jaguar figures a friendly alliance with GM will fend off unwelcome advances from Ford Motor Co	Ford , Jaguar 's biggest shareholder since lifting its stake to 10.4 % this week , is pressing harder for talks with Sir John
+2	Sir John has spurned Ford 's advances	the U.S. auto giant launched a surprise bid for as much as 15 % of Jaguar last month
+10	since the U.S. auto giant launched a surprise bid for as much as 15 % of Jaguar last month	it might acquire a majority interest
+0	I 'm not obligated to sit down and talk to anybody , '' the Jaguar chairman asserted yesterday	He did n't rule out negotiations with Ford
+1	Jaguar started negotiating with GM and several other car makers over a year ago	the rest `` dropped by the wayside ever since the share price went above # 4 ( $ 6.30 ) a share
+10	but the rest `` dropped by the wayside	the share price went above # 4 ( $ 6.30 ) a share
+1	Jaguar shares stood at 405 pence before Ford 's initial announcement	the subsequent takeover frenzy has driven them up
+3	That may be difficult	you have somebody else breathing down your neck
+10	by enlisting support from U.S. takeover-stock speculators	and holding out the carrot of a larger bid
+3	Ford ca n't make a full-fledged bid for Jaguar	U.K. government restrictions expire
+1	Ford ca n't make a full-fledged bid for Jaguar until U.K. government restrictions expire	with its 10.4 % stake , Ford can convene a special Jaguar shareholders ' meeting and urge them to drop the restrictions prematurely
+5	But with its 10.4 % stake , Ford can convene a special Jaguar shareholders ' meeting and urge them to drop the restrictions prematurely . `` It 's a very valuable weapon in their armory , '' which could enable Ford to bid sooner for Jaguar	Jaguar may have to tolerate the two U.S. auto giants each owning a 15 % stake for more than a year
+1	It has never been done before	there 's always a first
+0	one reported a modest gain in third-quarter net while the other posted a small drop	two Baby Bells showed strong growth in access lines , usage and unregulated business revenue
+1	one reported a modest gain in third-quarter net	the other posted a small drop
+10	Ameritech Corp. 's earnings increased 2.8 %	strong revenue gains were offset somewhat by refunds and rate reductions imposed by regulators in its Midwest territory
+6	Overall access minutes of use increased 10.3 %	toll messages jumped 5.2 %
+6	The refinancing of $ 481 million in long-term debt reduced net income by $ 22 million , or five cents a share , but in the long run will save more than $ 250 million in interest costs.The company previously said that the recent acquisition of Mobile Communications Corp. of America would dilute 1989 earnings by about 3 %	earnings were reduced by rate reductions in Florida , Kentucky , Alabama , Tennessee and Louisiana
+6	Ameritech At Ameritech , based in Chicago , customer access lines increased by 402,000 , or 2.6 %	cellular mobile lines increased by 80,000 , or 62.3 % , for the 12-month period ended Sept. 30
+6	Local service revenue increased 3.5 %	directory and unregulated business revenue jumped 9.5 %
+1	Local service revenue increased 3.5 % and directory and unregulated business revenue jumped 9.5 %	network access revenue dropped 4 % and toll revenue dropped 1.4 %
+6	But network access revenue dropped 4 %	toll revenue dropped 1.4 %
+3	that the findings would differ from these poll results by no more than 2 1/2 percentage points in either direction	pollsters had sought to survey every household in the U.S. using the same questionnaire
+6	For each poll , the odds are 19 out of 20 that if pollsters had sought to survey every household in the U.S. using the same questionnaire , the findings would differ from these poll results by no more than 2 1/2 percentage points in either direction	in any survey , there is always the chance that other factors such as question wording could introduce errors into the findings
+1	They accounted for a hefty 16 % of New York Stock Exchange volume Monday , the fourth busiest session ever.On Friday , 13 % of volume was in computer-guided program trades	In August program trading averaged 10.3 % of daily Big Board turnover
+6	Program traders were publicly castigated following the 508-point crash Oct. 19 , 1987	a number of brokerage firms pulled back from using this strategy for a while
+1	Program traders were publicly castigated following the 508-point crash Oct. 19 , 1987 , and a number of brokerage firms pulled back from using this strategy for a while	as the outcry faded by the spring of 1988 , they resumed
+11	But they resumed	the outcry faded by the spring of 1988
+1	Some observers thought that after Friday 's sharp drop , the firms would rein in their program traders to avoid stoking more controversy	the statistics released yesterday show the firms did nothing of the sort
+2	Stock-index arbitrage is the most controversial form of program trading	it accelerates market moves , if not actually causing them
+1	because it accelerates market moves	not actually causing them
+6	Stock-index arbitrage is the most controversial form of program trading because it accelerates market moves , if not actually causing them	Under the exchange 's definitions , program trading describes a number of other strategies that , in the opinion of some traders , do n't cause big swings in the market
+1	its monthly reports on program trading usually come out about three weeks after each month ends	it collects such data daily
+10	its monthly reports on program trading usually come out	each month ends
+1	The Big Board declined to name the Wall Street firms involved in the activity Friday and Monday , or the type of strategies used	traders on the exchange floor , who can observe the computer-guided trading activity on monitor screens , said most of the top program-trading firms were active both days
+1	that few executives would comment on the record	brokerage officials defended their use of program trading
+6	they said stock-index arbitrage was actually needed Monday to restore the markets ' equilibrium	reciting the pardon for program trading contained in the Brady Commission report
+10	On Friday , the stock-index futures market was unhinged from the stock market	the Chicago Mercantile Exchange halted trading in Standard & Poor 's 500 futures contract -- a `` circuit breaker '' procedure instituted after the 1987 crash and implemented for the first time
+1	Futures trading resumed a half-hour later	the session ended shortly thereafter , leaving the stock market set up for more sell programs
+10	Futures trading resumed a half-hour later	but the session ended
+0	By Monday morning stock-index arbitrage sell programs helped re-establish the link between stocks and futures	stunning volatility was produced in the process
+2	The Dow Jones Industrial Average plunged a breathtaking 63.52 points in the first 40 minutes of trading Monday	stock-index arbitrage sell programs kicked in
+6	The Arizona real estate market continues to be depressed	there is still uncertainty as to when values will recover
+10	In July , Moody 's downgraded $ 400 million of the company 's debt , saying the bank holding company had n't taken adequate write-offs against potential losses on real estate loans despite its second-quarter write-down	Richard M. Greenwood , Valley National 's executive vice president , said that the company believed the write-downs were `` adequate '' and did n't plan to increase its reserves again
+1	They 've stepped up to the plate to take the write-downs	when markets head down , a company is always exposed to further negative surprises
+3	but a company is always exposed to further negative surprises	markets head down
+6	that Oct. 19 , 1987 , was a fluke	that the stock market really is a safe place for average Americans to put their hard-earned dollars
+6	Ever since that fearful Black Monday , they 've been tirelessly wooing wary individual investors -- trying to convince them that Oct. 19 , 1987 , was a fluke and that the stock market really is a safe place for average Americans to put their hard-earned dollars	until last Friday , it seemed those efforts were starting to pay off
+10	And until last Friday , it seemed those efforts were starting to pay off	came the frightening 190-point plunge in the Dow Jones Industrial Average and a new wave of stock-market volatility
+2	It 's going to set things back for a period	it reinforces the concern of volatility
+6	I think it will shake confidence one more time	a lot of this business is based on client confidence
+0	even though they believe the deck is stacked against them	the public wants to invest in common stocks
+0	the public still wants to invest in common stocks	they believe the deck is stacked against them
+1	the public still wants to invest in common stocks , even though they believe the deck is stacked against them	these wide swings scare them to death
+10	retail brokerage operations these days are getting barely enough business to pay the overhead	expanding rapidly during the bull-market years up to the 1987 crash
+1	True , the amount of money investors are willing to entrust to their brokers has been growing lately	those dollars have been going into such `` safe '' products as money market funds , which do n't generate much in the way of commissions for the brokerage firms
+6	The brokers ' hope has been that they could soon coax investors into shifting some of their hoard into the stock market	before last Friday , they were actually making modest progress
+1	In 1987 , an average 19.7 % of Big Board volume was retail business , with the monthly level never more than 21.4 % .The retail participation dropped to an average 18.2 % in 1988 , and shriveled to barely 14 % some months during the year	in 1989 , retail participation has been more than 20 % in every month , and was 23.5 % in August , the latest month for which figures are available
+2	that all of his group 's retail-volume statistics could be overstated by as much as five percentage points	corporate buy-backs are sometimes inadvertently included in Big Board data
+1	that all of his group 's retail-volume statistics could be overstated by as much as five percentage points because corporate buy-backs are sometimes inadvertently included in Big Board data	there did seem to be a retail activity pickup
+1	But there did seem to be a retail activity pickup	Friday did n't help things
+0	With the gyrations of recent days many small investors are absolutely convinced that `` they should n't play in the stock market	Joseph Grano , president of retail sales and marketing at PaineWebber Group Inc. thinks that individual investors will eventually go back into the stock market
+6	Investors will develop `` thicker skins	their confidence will return
+6	Joseph Grano , president of retail sales and marketing at PaineWebber Group Inc. , still thinks that individual investors will eventually go back into the stock market	PaineWebber remains among the leaders in efforts to simply persuade investors to keep giving Wall Street their money
+11	Joseph Grano , president of retail sales and marketing at PaineWebber Group Inc. , still thinks that individual investors will eventually go back into the stock market	PaineWebber remains among the leaders in efforts to simply persuade investors to keep giving Wall Street their money
+11	The equity decision will come	the client is ready
+6	when the client is ready	when there 's a semblance of confidence
+11	The equity decision will come	and there 's a semblance of confidence
+10	Some investors will tiptoe back in	there 'll be another swing
+6	The offering , Series 1989-83 , is backed by Fannie Mae 9 % securities	Fannie Mae issued $ 400 million of Remic mortgage securities in 12 classes through First Boston Corp
+10	The two offerings bring Fannie Mae 's 1989 Remic issuance to $ 31 billion and its total volume to $ 43.3 billion	the program began in April 1987
+3	there is a fallback rate of Libor plus 0.75 point in years one to 15 , and Libor plus 1.25 point thereafter	no margin agreed
+6	Callable on March 31 , 1992 , at 109	beginning Sept. 30 , 1992 , from 101 1/2 and declining half a point semiannually to par
+6	The size of the issue was decreased from an originally planned $ 95.2 million	a planned two-part offering of $ 58 million in unsecured notes was n't offered
+6	John V. Holmes , an investment-newsletter publisher , and three venture-capital firms he organized were enjoined from violating the registration provisions of the securities laws governing investment companies	As part of an agreement that settled charges brought by the Securities and Exchange Commission , a receiver was appointed for the three venture-capital firms
+10	Mr. Holmes was the subject of a page one profile in The Wall Street Journal in 1984	the SEC questioned him about ties between him and companies he touted in a newsletter
+6	In charges filed last week in federal district court in Charlotte , N.C. , the SEC alleged that Venture Capitalists Inc. , Venture Finance Corp. and New Ventures Fund Inc. , all of Charlotte , failed repeatedly to file proper documents	The SEC charged that Mr. Holmes acted as an officer or director of New Ventures , in violation of his previous consent agreement
+6	John V. Holmes , an investment-newsletter publisher , and three venture-capital firms he organized were enjoined from violating the registration provisions of the securities laws governing investment companies	Two of Mr. Holmes 's business associates who worked for Venture Capitalists , Kimberly Ann Smith and Frederick Byrum consented to being enjoined from violations of registration provisions of the securities laws
+6	Two of Mr. Holmes 's business associates who worked for Venture Capitalists , Kimberly Ann Smith and Frederick Byrum , also consented to being enjoined from violations of registration provisions of the securities laws	Ms. Smith agreed to a permanent injunction barring her from acting as an officer , director or investment adviser of any mutual fund , unit investment trust or face-amount certificate company
+0	that a capital-gains tax cut of some sort would be approved this year	it probably wo n't be included in the pending deficit-reduction bill
+6	Senate Republicans have settled on a proposal that would cut the capital-gains tax for individuals and corporations	who wanted to cut the gains tax
+10	The exclusion would rise five percentage points for each year the asset was held	it reached a maximum of 35 %
+5	For individuals , the Packwood plan would exclude from income 5 % of the gain from the sale of a capital asset held for more than one year	taxpayers could chose to reduce their gains by an inflation index
+6	that would cut the capital-gains tax for individuals and corporations	The Packwood plan would include a proposal that would expand and alter the deduction for individual retirement accounts
+6	Senate Republicans have settled on a proposal that would cut the capital-gains tax for individuals and corporations	Chairman Dan Rostenkowski ( D. , Ill. ) of the House Ways and Means Committee said he did n't want the capital-gains tax cut or any other amendments attached to the pending bill raising the federal borrowing limit
+6	Separately , Chairman Dan Rostenkowski ( D. , Ill. ) of the House Ways and Means Committee said he did n't want the capital-gains tax cut or any other amendments attached to the pending bill raising the federal borrowing limit	He urged House and Senate negotiators to rid the deficit-reduction bill of all provisions that increase the budget deficit , including the House-passed capital-gains provision
+1	From a helicopter a thousand feet above Oakland after the second-deadliest earthquake in U.S. history , a scene of devastation emerges : a freeway crumbled into a concrete sandwich , hoses pumping water into once-fashionable apartments , abandoned autos	this quake was n't the big one , the replay of 1906 that has been feared for so many years
+1	The economic life of the region is expected to revive in a day or two	some transportation problems may last weeks or months
+6	A main factor mitigating more widespread damage was the location of the quake 's epicenter -- 20 miles from the heart of the Silicon Valley and more than 50 miles from downtown San Francisco and Oakland	the region 's insistence on strict building codes helped prevent wider damage
+2	The tremendous energy of the quake was dissipated by the distance	most parts of the valley and the major cities suffered largely cosmetic damage -- broken windows , falling brick and cornices , buckled asphalt or sidewalks
+11	the region 's largely unseen high-tech fabric held up surprisingly well despite the devastation visible from the air	the tremors struck
+10	nearly all the network 's computer switches changed to battery power	the city lost power
+0	The battery packs have enough power for only three hours	that gave emergency crews time to turn on an emergency system that runs primarily on diesel fuel
+2	That 's	the widely used fiber-optic cable has been installed underground with 25 extra feet of cable between junction points
+0	When the tremors struck , the region 's largely unseen high-tech fabric held up surprisingly well despite the devastation visible from the air.Michael L. Bandler , vice president for network technology at Pacific Bell Telephone Co. , says nearly all the network 's computer switches , which move thousands of calls a minute from one location to another , changed to battery power when the city lost power.The battery packs have enough power for only three hours , but that gave emergency crews time to turn on an emergency system that runs primarily on diesel fuel.Of some 160 switches in Pacific Bell 's network , only four went down.One of those was in Hollister , Calif. , near the earthquake 's epicenter . Few telephone lines snapped.That 's because the widely used fiber-optic cable has been installed underground with 25 extra feet of cable between junction points.The slack absorbs the pulling strain generated by an earthquake	phone service was sporadic ; many computer terminals remained dark , and by late yesterday a third of San Francisco remained without power
+8	Nevertheless , phone service was sporadic ; many computer terminals remained dark	by late yesterday a third of San Francisco remained without power
+2	The economic dislocation was as abrupt as the earthquake itself	virtually all businesses shut down
+2	but was n't stopping in the city 's Financial District yesterday afternoon	electricity was shut off and the area was being checked for gas leaks
+6	because electricity was shut off	the area was being checked for gas leaks
+0	The damage to the Bay area 's roadways could cause significant economic hardship	they do n't expect serious problems for commerce in and out of the Bay area
+1	San Francisco Mayor Art Agnos estimated the damage to his city alone at $ 2 billion	many predicted that the commercial disruption would be short-lived
+2	Ten of the plant 's workers were injured	the quake hit about a half-hour into the afternoon shift
+10	Ten of the plant 's workers were injured	the quake hit about a half-hour into the afternoon shift
+6	Metal racks on the plant floor fell over	water mains ruptured
+6	The plant was evacuated	workers sent home
+1	The plant was evacuated and workers sent home	the plant was able to resume limited production of its Toyota Corollas and Geo Prizms by 6 a.m. yesterday , and absenteeism was only 7 % of the work force , about twice normal
+6	But the plant was able to resume limited production of its Toyota Corollas and Geo Prizms by 6 a.m. yesterday	absenteeism was only 7 % of the work force , about twice normal
+2	one of its buildings sustained severe damage	it was knocked off its foundation
+11	we turned on our emergency generator and brought our computers up	the quake hit
+3	much as highway on-ramps are blocked	traffic backs up
+6	most long-distance companies were blocking about 50 % of all calls	its Pacific Bell unit was blocking about 50 % of its calls locally
+6	Ironically , the long-term effect of the earthquake may be to bolster the Bay area 's economic fortunes and , indeed , the nation 's gross national product	It may lead to new safeguards in major construction projects such as double-deck highways
+2	It would in the near-term give a boost to the San Francisco economy	there will be an influx of people to help
+1	There 's nothing positive about an earthquake	it will probably generate more construction activity
+5	Obviously with an earthquake of this size , there are likely to be construction projects	that would n't have been anticipated
+1	by bidding up stocks of construction and related companies	any increase is n't likely to be any kind of a surge
+10	The earthquake is likely to reduce GNP negligibly in the near term	and could raise it a bit as rebuilding begins
+11	and then could raise it a bit	rebuilding begins
+2	The first effects are , of course , negative	work is disrupted and people lose income and cut spending
+6	as work is disrupted	people lose income and cut spending
+6	The first effects are , of course , negative as work is disrupted and people lose income and cut spending	Corporate profits may dip initially
+1	The first effects are , of course , negative as work is disrupted and people lose income and cut spending	Subsequently the ill effects are likely to be offset , at least in economic terms , as construction activity begins
+11	Subsequently , however , the ill effects are likely to be offset , at least in economic terms	construction activity begins
+11	the damage totals in Hurricane Hugo increased tenfold	more information was received
+3	The earthquake damage , of course , would have been far greater	the epicenter had been in downtown San Francisco
+1	that it is far too soon for reliable estimates of the quake 's total damage	it 's clear that insurers are likely to pay out enormous sums
+1	Fireman 's Fund will probably pay hundreds of millions in primary claims	after taxes and use of its reinsurance lines , the company 's fourthquarter charge against earnings should n't top $ 50 million
+2	The company was able to assess its damage liability quickly	it has computerized maps of Northern California showing the exact locations of all the property it insures
+1	In addition to paying for earthquake and fire damage	many Californians may not have adequate insurance coverage to pay for damages to their property
+1	A somewhat higher percentage of people living in the Bay area have bought the additional insurance protection	the great majority are n't covered
+6	of the 250 people thought to have died here	About 20 other deaths were attributed to the earthquake
+0	The heart of the earthquake , 6.9 on the Richter scale , was 50 miles to the south , near Santa Cruz	its terrible fist struck here on the Nimitz Freeway , a major artery serving the Bay Bridge between Oakland and San Francisco
+6	Along the way , the quake toppled a mall in Santa Cruz , knocked down buildings in San Francisco 's fashionable Marina District and sent a wall of bricks crashing on motorists in the city 's Financial District	Just a short span across the bay to the west , the quake showed its mettle
+2	Many of the buildings , mostly condominiums and apartments , were flattened almost instantly	the underlying soil -- much of it landfill -- was literally turned to ooze by the quake 's intensive shaking , rupturing gas lines
+2	three persons died	one of the buildings exploded into a fireball shortly after the quake struck
+10	three persons died	one of the buildings exploded into a fireball shortly after the quake struck
+10	when one of the buildings exploded into a fireball	the quake struck
+2	Efforts to fight the blaze were hampered	water mains were severed as well
+11	helmeted firemen and building inspectors survey rows of nearby buildings that were twisted from their foundations and seem on the verge of collapse	onlookers stand behind barricades
+1	We always heard about the earthquake	as children we did n't always listen
+5	the bonds wo n't be subject to redemption prior to maturity	otherwise specified in a particular offer
+10	to give consumers more information about its drugs	doctors prescribe them
+10	to be given to patients by their doctors	the medicines are prescribed
+6	Called Patients in the Know , the program features fact sheets designed to be easy to understand.The sheets tell how the medicine works , describe how to use it and list its possible side effects.They are designed to be given to patients by their doctors when the medicines are prescribed and include space for the doctor to write special instructions	Searle will give pharmacists brochures on the use of prescription drugs for distribution in their stores
+6	that money is wasted on some prescriptions	patients are deprived of the benefits of medication
+11	Bond prices rambled yesterday	investors kept close watch on the stock market and worried about a wave of new supply
+2	Early yesterday , bonds rose	investors rushed to buy Treasury securities on the prospect that stocks would plummet in the aftermath of the massive California earthquake
+1	Early yesterday , bonds rose as investors rushed to buy Treasury securities on the prospect that stocks would plummet in the aftermath of the massive California earthquake	when the Dow Jones Industrial Average rose instead , bonds drifted lower
+11	But bonds drifted lower	the Dow Jones Industrial Average rose instead
+5	that stocks would plummet in the aftermath of the massive California earthquake	when the Dow Jones Industrial Average rose
+3	the stock market tremors are behind us	the bond market will go back to looking at the next batch of economic numbers to determine '' where interest rates are heading
+1	Most junk bonds , which have been battered in recent weeks , continued a slow recuperation and ended unchanged to slightly higher	some so-called high-quality junk issues fell as some mutual funds sold their most liquid issues to raise cash
+2	But some so-called high-quality junk issues fell	some mutual funds sold their most liquid issues to raise cash
+6	Investors have been speculating for weeks about the market 's ability to place the $ 7 billion to $ 10 billion of new junk bonds scheduled to be sold by year end	Supply troubles were on the minds of Treasury investors yesterday
+6	In addition to the $ 15.6 billion of Treasury bills to be sold at next week 's regular Monday auction , the government will sell $ 10 billion of new two-year Treasury notes	that it will sell $ 4.5 billion of 30-year bonds Wednesday
+2	In the municipal market , all eyes were on California debt	investors tried to gauge the financial ramifications of Tuesday 's earthquake
+1	In the municipal market , all eyes were on California debt as investors tried to gauge the financial ramifications of Tuesday 's earthquake	the quake had only a minor impact on the trading of California state and local municipal debt
+2	traders refer to as ` earthquake ' bonds	the ( issuers ) are on top of the San Andreas fault
+2	they were n't materially affected	those bonds already pay a slightly higher yield , an extra premium for the earthquake risk
+1	Since those bonds already pay a slightly higher yield , an extra premium for the earthquake risk , they were n't materially affected	that could quickly change if property casualty insurance companies scramble to sell portions of their municipal portfolios to raise cash to pay damage claims
+3	that could quickly change	property casualty insurance companies scramble to sell portions of their municipal portfolios to raise cash to pay damage claims
+6	Insurance companies will foot a substantial amount of the bill to reconstruct San Francisco , '' said Charles Lieberman , chief economist at Manufacturers Hanover Securities Corp	He expects the performance of municipals to lag Treasurys as California is forced to issue new debt over time to repair public facilities
+2	the performance of municipals to lag Treasurys	California is forced to issue new debt over time
+11	Municipal bonds ended about 1/8 to 3/8 point lower	some California issues were down a touch more than the broad market
+1	Municipal bonds ended about 1/8 to 3/8 point lower	some California issues were down a touch more than the broad market
+1	Meanwhile , some California issues were down a touch more than the broad market	there had n't been much investor selling because of the quake
+1	there had n't been much investor selling because of the quake	New York City general obligation bonds came under selling pressure
+0	there was some concern that insurance companies might be forced to sell mortgage securities to help pay earthquake-related claims	no selling materialized
+1	The Federal Home Loan Mortgage Corp. and Federal National Mortgage Association , two dominant issuers of mortgage securities , have a sizable amount of California home loans in their mortgagebacked pools	their potential quake exposure is seen as small given that they require a financial cushion on all the loans they purchase
+6	But their potential quake exposure is seen as small given that they require a financial cushion on all the loans they purchase	because Northern California home prices are so high , loans from the region often are too large to be included in Freddie Mac and Fannie Mae pools
+2	And loans from the region often are too large to be included in Freddie Mac and Fannie Mae pools	Northern California home prices are so high
+6	Mortgage securities ended little changed after light dealings	Government National Mortgage Association 9 % securities for November delivery ended at 97 29/32 , unchanged
+11	Mortgage securities ended little changed after light dealings	Government National Mortgage Association 9 % securities for November delivery ended at 97 29/32 , unchanged
+2	British government bonds , or gilts , ended moderately lower	equities there recovered from Tuesday 's drop
+1	The Treasury 's 11 3/4 % bond due 2003/2007 fell 11/32 to 111 31/32 to yield 10.08 %	the 12 % notes due 1995 were down 7/32 to 103 22/32 to yield 11.04 %
+6	Several key economic figures are due out	Chancellor of the Exchequer Nigel Lawson is scheduled to give the annual `` Mansion House '' address to the financial community
+11	British government bonds , or gilts , ended moderately lower as equities there recovered from Tuesday 's drop	Japanese government bonds retreated in quiet trading , stymied by the dollar 's resiliency
+1	British government bonds , or gilts , ended moderately lower as equities there recovered from Tuesday 's drop	Japanese government bonds retreated in quiet trading , stymied by the dollar 's resiliency
+11	In West Germany , investors stayed on the sidelines	the bond market searched for direction
+1	The Berlin Wall still stands	the man who built it has fallen
+1	East Germany yesterday removed Erich Honecker , one of the staunchest holdouts against the reform rumbling through the Communist world , in an effort to win back the confidence of its increasingly rebellious citizens	while it was a move that stunned the East bloc , it hardly ushers in an era of reform -- at least anytime soon
+0	But it hardly ushers in an era of reform -- at least anytime soon	it was a move that stunned the East bloc
+6	East Germany is no Poland	is it a Hungary
+0	East Germany , it is clear , is no Poland , where the Communist Party now shares power with the democratically elected Solidarity union.Nor is it a Hungary , where yesterday the parliament approved constitutional changes meant to help turn the Communist nation into a multiparty democracy	any change in East Germany has enormous implications , for both East and West
+10	Mr. Krenz , 52 , was named the new party chief	the Party 's 163-member Central Committee convened in East Berlin
+0	West German government sources said the 26-man Politburo had asked for his resignation at a separate meeting late Tuesday	the East German news agency ADN claimed Mr. Honecker had asked to be relieved of his duties for `` health reasons
+6	Mr.Honecker was twice hospitalized this summer for a gall bladder ailment	his physical condition has been the subject of intense speculation in the Western media
+6	East Germany yesterday removed Erich Honecker , one of the staunchest holdouts against the reform rumbling through the Communist world , in an effort to win back the confidence of its increasingly rebellious citizens	Mr. Honecker , a hard-line Stalinist who in 1961 supervised the construction of the Berlin Wall was relieved of his title as head of state and his position as chief of the military
+10	to be formally named to all three positions	the nation 's parliament convenes later this week
+2	His grip on power unraveled this summer	thousands of his countrymen , dissatisfied by the harshness of his rule , fled to the West
+1	The official line was to offer warmer ties to Mr. Krenz , provided he is willing to institute reforms	U.S. officials have strong doubts that he is a reformer
+2	I do n't think so	Mr. Krenz has been very much in accord with the policies of Honecker
+9	There is no clear-cut champion of reform , that we know of , in the East German leadership	Mr. Krenz said on East German television last night that there will be no sharing of power with pro-democracy groups
+1	enough forums already exist `` in which different interests '' can express themselves	dialogue is important
+1	According to West German government sources , Mr. Honecker and several senior Politburo members fought over the last week to delay any decisions about a leadership change	with public demonstrations in the country growing in size and intensity , Mr. Honecker and several key allies lost out in this battle
+6	But Mr. Honecker and several key allies lost out in this battle	Both men were relieved of their duties yesterday
+1	it 's still not clear to what extent the change in party personnel will alter the government 's resistance to fundamental change	other resignations may follow
+11	he was eight years old	World War II ended
+11	Mr. Krenz had acquired the nickname `` crown prince , '' a reference to the widely held view that he was the hand-picked successor to Mr. Honecker	joining the Politburo in 1983 as its youngest member
+6	Mr. Krenz had acquired the nickname `` crown prince , '' a reference to the widely held view that he was the hand-picked successor to Mr. Honecker	the two men have had strikingly similar career paths
+6	In fact , the two men have had strikingly similar career paths	both men have hewn to a similar hard-line philosophy
+10	when he visited China after the massacre in Beijing	He defended the Chinese government 's response during a separate visit to West Germany
+1	Moreover , both men have hewn to a similar hard-line philosophy	Mr. Krenz also has a reputation for being politically savvy
+6	Moreover , both men have hewn to a similar hard-line philosophy	However , Mr. Krenz has a reputation for being politically savvy
+9	His shrewd ability to read the shifting popular mood in East Germany is best illustrated by his apparent break with his old mentor , Mr. Honecker	according to West German government sources , he was one of the leaders in the power struggle that toppled Mr. Honecker
+1	Mr. Krenz could loosen controls on the news media , free up travel restrictions , and establish a dialogue with various dissident groups	sacking other senior Politburo officials who allied themselves with Mr. Honecker
+1	As part of his image polishing , Mr. Krenz is expected to take modest steps toward reform to rebuild confidence among the people and reassert the party 's authority.Besides sacking other senior Politburo officials who allied themselves with Mr. Honecker , Mr. Krenz could loosen controls on the news media , free up travel restrictions , and establish a dialogue with various dissident groups	will it be enough
+2	He does n't signify what people want	the unrest will go on
+1	Not just that people are being heard	that their interests are being taken seriously
+11	West German government officials and Western analysts are doubtful At the same time , the expectations of the East German people are great and will continue to grow	Chancellor Kohl has invited Mr. Krenz to open discussions with Bonn on a wide range of subjects
+1	West German government officials and Western analysts are doubtful At the same time , the expectations of the East German people are great and will continue to grow	Chancellor Kohl has invited Mr. Krenz to open discussions with Bonn on a wide range of subjects
+6	Adding to that speculation is Mr. Krenz 's reputation as a heavy drinker	to suffer from diabetes
+6	This is a dynamic process	we 're experiencing the first step
+6	Reports in the West German press , citing sources in East Germany , suggest Mr. Krenz may serve only as a bridge between Mr. Honecker and a genuine reform leader	The selection of Mr. Krenz may disappoint Moscow
+3	the pressure from the Soviet Union could intensify	Mr. Krenz sticks to rigid policies
+3	of what might happen	they did n't
+1	Erasing the differences still dividing Europe , and the vast international reordering that implies , wo n't endanger the statehood of a Poland or a Hungary	it could ultimately lead to German reunification and the disappearance of East Germany from the map
+10	Erasing the differences still dividing Europe , and the vast international reordering that implies , wo n't endanger the statehood of a Poland or a Hungary	But it could lead to German reunification and the disappearance of East Germany from the map
+1	Early in 1987 , Mr. Honecker and his team stopped paying thin compliments to Mr. Gorbachev and joined with Romania in rejecting any necessity for adjustments in their systems	The less-self-confident Czechoslovaks and Bulgarians declared their intentions to reform , while doing nothing concrete about it
+1	The less-self-confident Czechoslovaks and Bulgarians , in contrast , declared their intentions to reform	doing nothing concrete about it
+5	The country abandoned its former devotion to socialist unity	and took to insisting that each country in the bloc ought to travel its own road
+0	Gingerly , some economists began to blame central planning	they are stalwart socialists
+6	Their proclaimed purpose is to cleanse East Germany of its Stalinist muck , not to merge with the West	the man Mr. Krenz replaces has left an indelible mark on East German society
+11	Their proclaimed purpose is to cleanse East Germany of its Stalinist muck , not to merge with the West	the man Mr. Krenz replaces has left an indelible mark on East German society
+6	Imprisoned by the Nazis during World War II for his political beliefs , Mr. Honecker typified the postwar generation of committed Communist leaders in Eastern Europe who took their cues from Moscow . He was a `` socialist warrior '' who felt rankled by West Germany 's enormous postwar prosperity and the Bonn government 's steadfast refusal to recognize the legitimacy of his state	during his first and only state visit to Bonn two years ago , he won some measure of the recognition he had long sought
+1	Finally , during his first and only state visit to Bonn two years ago , he won some measure of the recognition he had long sought	ultimately he was undone by forces unleashed by his own comrade , Mr. Gorbachev
+6	The European Community Commission increased its forecast for economic growth in the EC in 1989 to 3.5 % , slightly higher than its June projection of 3.25 %	In its annual economic report for 1989-1990 , the commission projected 1990 gross domestic product growth for the 12 EC members at 3 %
+1	EC inflation was seen at 4.8 % in 1989 , higher than 1988 's 3.6 % price rise	inflation for 1990 was seen slowing to 4.5 %
+1	that the base will be relocated to a small island to allow downtown redevelopment	Beijing wants to use the base for the People 's Liberation Army after 1997 , when the territory returns to Chinese sovereignty
+6	In addition to abetting in the alleged criminal breach of trust	with dishonestly receiving S $ 500,000 that had been stolen
+1	News of the arrest and charging of the two men helped to push prices on the Singapore Stock market sharply lower in early trading yesterday	that the market and CDL shares recovered once it became apparent the charges were limited to the two men personally
+10	that the market and CDL shares recovered	it became apparent the charges were limited to the two men personally
+10	British Tissues decided to do away with its hard paper	a major customer , British Rail , switched to softer tissues for train bathrooms
+6	the bricks were used to build homes and furnaces	as a result , the wall `` is in terrible shape
+2	the bricks were used to build homes and furnaces	and the wall `` is in terrible shape
+3	he could be imprisoned for up to 10 years and fined $ 250,000	convicted
+10	Mr . Sung could n't be reached for comment	He denied the allegations against him in the lawsuit by Norton and GE
+11	NBC News began assessing the damage from what some said was a failure to provide comprehensive coverage in the earthquake 's initial moments	the citizens of San Francisco and surrounding communities began assessing the damage from Tuesday 's devastating earthquake
+1	NBC News was unable to get its signal out of San Francisco for the first hour after the quake	rival ABC News outstripped the competition in live coverage of the event by sheer luck
+11	the network was broadcasting the World Series from Candlestick Park	the quake struck
+2	I have to attribute the lackluster performance to a natural disaster	before I start to be really critical of NBC , I would like to know more about what happened
+10	So I would like to know more about what happened	I start to be really critical of NBC
+1	There were no complaints from affiliates of CBS Inc. and Cable News Network , a unit of Turner Broadcasting System Inc	that was not the case at NBC News , which has been dogged with the image of not being aggressive on major breaking stories
+2	There are no commercials to make up for	we 're going to eventually broadcast the World Series
+6	the decision to eliminate the dividend resulted from a quarterly appraisal	that circumstances had changed since the December announcement
+10	that Pinnacle West may have to inject between $ 300 million and $ 400 million into the MeraBank unit	turning the thrift over to federal regulators
+1	The latest period included a $ 9 million write-down on undeveloped land	the year-earlier period included a $ 46 million reserve for real-estate losses
+1	he said their operations `` continue to drain the resources of Equitec	he did n't describe the partnerships ' financial condition
+10	He was threatening to take over the carrier	spending an estimated $ 167 million to build an 8.4 % USAir stake for his investment clients
+1	It does n't make sense to parachute out at this price , '' Mr. Steinhardt says	he has stopped his takeover talk and now commends USAir managers ' `` operating skills
+1	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	takeover speculators say they were skeptical
+3	Steinhardt 's presence was n't worth anything , in terms of getting a deal done	USAir is worth 80 as a takeover and the stock went to 52
+6	If USAir is worth 80 as a takeover	the stock went to 52
+6	In trying to raid USAir , Mr. Steinhardt abandoned his usual role as a passive investor , and ran into snags	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
+6	Mr. Steinhardt made his name as a gunslinging trader , moving in and out of stocks with agility -- enriching himself and his investment clients	his big losses , for instance in 1987 's crash , generally have been trading losses
+11	Mr. Steinhardt made his name as a gunslinging trader , moving in and out of stocks with agility -- enriching himself and his investment clients	his big losses , for instance in 1987 's crash , generally have been trading losses
+2	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	some see a special irony in the fact that Mr. Steinhardt , the trader , now is encumbered with a massive , illiquid airline holding
+3	USAir stock might lose four or five points	the Steinhardt stake was dumped all at once
+2	USAir stock might lose four or five points if the Steinhardt stake was dumped all at once	Mr. Steinhardt must reconcile himself to selling USAir at a loss , or to holding the shares as an old-fashioned investment
+5	He does n't usually risk that much	he thinks he has an ace in the hole
+1	In recent days USAir has been buying its own shares , as part of a program to retire about eight million USAir shares	the carrier wo n't discuss its buy-back program
+3	that might be a way for Mr. Steinhardt to get out	USAir stepped up its share purchases
+1	If USAir stepped up its share purchases , that might be a way for Mr. Steinhardt to get out	USAir might not want to help Mr. Steinhardt
+11	In 1987 , USAir Chairman Edwin Colodny stonewalled	Trans World Airlines Chairman Carl Icahn threatened to take over the carrier
+6	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 could take that route
+1	Mr. Steinhardt also could take that route	with airline stocks cratering , he might not get a very good price for his shares
+1	its defenses , including the sale in August of a 12 % stake in the company to Mr. Buffett 's Berkshire Hathaway , are pretty strong	USAir is n't considered absolutely takeover-proof
+11	Since last April , the investor has made seven so-called 13D filings in USAir	he bought and sold the company 's stock
+0	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	of course it would be highly unusual for an investment fund such as Steinhardt Partners to take over a company
+3	traders should buy the stock	it tumbles to 35
+1	Analysts say USAir has great promise	meanwhile , USAir is expected to show losses or lackluster profit for several quarters as it tries to digest Piedmont Airlines , which it acquired
+1	By the second half of 1990 , USAir stock could hit 60	But USAir is expected to show losses or lackluster profit for several quarters as it tries to digest Piedmont Airlines , which it acquired
+11	By the second half of 1990 , USAir stock could hit 60	But USAir is expected to show losses or lackluster profit for several quarters as it tries to digest Piedmont Airlines , which it acquired
+2	to show losses or lackluster profit for several quarters	it tries to digest Piedmont Airlines
+6	But meanwhile , USAir is expected to show losses or lackluster profit for several quarters as it tries to digest Piedmont Airlines , which it acquired	some investors think a recession or renewed airfare wars will pummel airline stocks in coming months
+0	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	he 's `` comfortable holding USAir as an investment
+1	that contrary to rumors , he has n't tried to unload his holding	he has bought and sold some USAir shares in recent days
+2	the redemption is permitted	the price of Addington 's stock has equaled or exceeded $ 19.60 for 20 consecutive trading days , a condition set in the terms of the debentures
+2	Debenture holders are expected to convert most of the debentures into common	the value of the stock received in a conversion would exceed the $ 1,103.11 redemption price
+2	it will report a loss for the first quarter ended Sept. 30	sales of personal computers for the home market remained weak in some major countries
+6	that its announcement is based on preliminary information	that the situation could look different by the time final results are announced early next month
+9	and that the situation could look different by the time final results are announced early next month	Commodore 's fiscal fourth-quarter loss was $ 2 million narrower than Commodore had expected a few weeks after the quarter closed
+10	than Commodore had expected	the quarter closed
+1	and that the situation could look different by the time final results are announced early next month	even results approaching break-even would mark a sharp weakening compared with fiscal 1989 first-quarter earnings of $ 9.6 million , or 30 cents a share , on sales of $ 200.2 million
+2	The price can be expected to erode further	the loss estimate came after the market closed
+10	because the loss estimate came	the market closed
+6	Commodore has assembled an experienced management team , it has persuaded many more dealers to carry its products	it has unleashed a slick advertising campaign
+0	Commodore has assembled an experienced management team , it has persuaded many more dealers to carry its products and it has unleashed a slick advertising campaign	those represent long-term strategies that probably wo n't succeed quickly , even if they turn out to be the right ones
+3	that probably wo n't succeed quickly	they turn out to be the right ones
+11	But those represent long-term strategies that probably wo n't succeed quickly , even if they turn out to be the right ones	the strategies will increase expenses
+1	which has slick graphics	has been slow to catch on
+2	yet has been slow to catch on	it is n't compatible with Apple Computer Inc. or International Business Machines Corp. hardware
+1	Commodore had been counting on its consumer business to stay sufficiently healthy to support its efforts in other areas	sales to consumers have become difficult during the past several months , even in West Germany , which has been by far Commodore 's strongest market
+0	by continuing to produce strong sales	other low-profit personal computers now operate several times as fast and have much more memory
+1	Commodore has said it expects sales to rebound	market researchers have said that sales of the low-end products may finally be trailing off
+11	Activity continued to slow from the hectic pace set during the market 's plunge late Friday and its rebound Monday	players began to set their sights on events coming later this week
+10	The Dow Jones Industrial Average drifted through the session within a trading range of about 30 points	closing with a gain of 4.92 at 2643.65
+6	The Dow Jones Industrial Average drifted through the session within a trading range of about 30 points before closing with a gain of 4.92 at 2643.65	Broader averages posted modest gains
+6	Standard & Poor 's 500-Stock Index rose 0.60 to 341.76 , the Dow Jones Equity Market Index rose 0.71 to 320.54	the New York Stock Exchange Composite Index gained 0.43 to 189.32
+1	Some 822 New York Stock Exchange issues advanced in price	668 declined
+1	Broader averages also posted modest gains	the Dow Jones Transportation Average went down for the seventh consecutive session , due largely to further selling in UAL
+10	and has now lost 21.7 % of its value	the losing streak began Oct. 10
+6	Traders cited anticipation of the consumer price report for September , due today , and tomorrow 's expiration of October stock-index futures and options as major factors in the slowdown	activity at a number of San Francisco-based brokerage houses was curtailed as a result of the earthquake
+6	The early move essentially established the day 's trading range	they saw little of the program activity that has battered the market recently
+11	to see more volatility	some of the institutions who were spooked last Friday did some selling
+2	prices to show some renewed instability over the next few sessions	institutions re-evaluate their stance toward the market in light of its decline
+1	Insurance stocks were sold at the opening amid concerns about the level of damage claims the companies would receive as a result of the earthquake	those issues recovered quickly and turned higher because of expectations that the quake and the recent Hurricane Hugo would set the stage for an increase in premium rates
+6	Marsh & McLennan advanced 3 1/8 to 75 7/8 , Alexander & Alexander Services climbed 2 to 32	Corroon & Black firmed 1 7/8 to 37 1/2
+6	Aetna Life & Casualty added 2 3/8 to 59 1/2	Cigna advanced 7/8 to 62 1/2
+6	Fluor rose 3/4 to 33 3/8 , Morrison Knudsen gained 2 1/4 to 44 1/8 , Foster Wheeler added 3/8 to 18 1/4	Ameron climbed 2 3/8 to 39 3/4
+6	Among engineering firms , CRS Sirrine rose 5/8 to 34 1/4 on the Big Board	four others rallied on the American Stock Exchange : Jacobs Engineering Group , which gained 1 1/8 to 25 3/8 , Greiner Engineering , which rose 3 1/2 to 22 1/2 ; Michael Baker , which added 1 1/4 to 15 1/4 , and American Science & Engineering , up 1/2 to 8 1/2
+6	Within the building-materials group , Georgia-Pacific climbed 1 1/4 to 58	Louisiana-Pacific added 1 to 40 3/4
+10	Within the building-materials group , Georgia-Pacific climbed 1 1/4 to 58 and Louisiana-Pacific added 1 to 40 3/4	Merrill Lynch recommended the forest-products issues
+6	CalMat advanced 2 3/4 to 28 3/4 , Lone Star Industries gained 1 3/4 to 29 1/4 , Lafarge rose 1 to 19 1/2 , Southdown added 5/8 to 24 5/8	Eljer Industries rose 1 1/4 to 24 7/8
+6	Pacific Gas & Electric fell 3/8 to 19 5/8 in Big Board composite trading of 1.7 million shares	Pacific Telesis Group slipped 5/8 to 44 5/8 as the companies worked to restore service to areas affected by the quake
+2	Pacific Gas & Electric fell 3/8 to 19 5/8 in Big Board composite trading of 1.7 million shares and Pacific Telesis Group slipped 5/8 to 44 5/8	the companies worked to restore service to areas affected by the quake
+1	it had to shut down a crude-oil pipeline in the Bay area to check for leaks	that its refinery in nearby Richmond , Calif. , was undamaged
+6	BankAmerica eased 1/2 to 31 7/8	Wells Fargo lost 1/2 to 81 1/2
+6	Among California savings-and-loan stocks , H.F. Ahmanson eased 3/8 to 22 1/4 , CalFed slid 3/4 to 24 1/8 , Great Western Financial dropped 1/2 to 21 1/4	Golden West Financial fell 5/8 to 29 1/4
+10	UAL , the parent company of United Airlines , swung within a 14-point range during the course of the session	closing at 191 3/4 , down 6 1/4 , on 2.3 million shares
+6	it had yet to receive a revised proposal	it was `` in no way committed '' to the completion of a bid
+6	it had yet to receive a revised proposal and it was `` in no way committed '' to the completion of a bid	investor Marvin Davis withdrew his backup $ 300-a-share takeover offer
+1	AMR , the parent of American Airlines , pulled out of its recent nosedive	UAL faltered
+10	The stock had been on the decline	the financing for the UAL buy-out fell through on Friday and developer Donald Trump subsequently withdrew a takeover offer of $ 120 a share for AMR
+6	The stock had been on the decline since the financing for the UAL buy-out fell through on Friday	developer Donald Trump subsequently withdrew a takeover offer of $ 120 a share for AMR
+6	While UAL faltered , AMR , the parent of American Airlines , pulled out of its recent nosedive by rising 3/4 to 74	AMR was the most active Big Board issue
+10	Colgate-Palmolive advanced 1 5/8 to 63	saying it was comfortable with analysts ' projections that third-quarter net income from continuing operations would be between 95 cents and $ 1.05 a share , up from 69 cents a year ago
+10	Analysts at several brokerage firms lowered their 1989 and 1990 earnings estimates on the company	its third-quarter results proved disappointing
+6	it plans to suspend operations for an indefinite period at its Tartan gold mine in Manitoba	it plans in the third quarter to write down the carrying value of the Tartan mine by 2.5 million Canadian dollars ( US $ 2.12 million ) , and to write off most of the C $ 6.3 million carrying value of its Windflower gold property in British Columbia
+6	Granges did n't say what impact the moves would have on total gold output or earnings	company officials were n't available
+3	but needs to find new markets	it is to maintain its growth rate of 30 % and more each year
+6	For one thing , Digital , Maynard , Mass. , has sold fewer machines	its machines are typically easier to operate , so customers require less assistance from software
+2	In addition , its machines are typically easier to operate	customers require less assistance from software
+1	Revenue fell 12.7 % to $ 596.8 million from $ 684 million	some of the decline was caused by discontinued operations
+10	Wang Laboratories Inc. , Lowell , Mass. , beset by declining demand for its computers , reported a $ 62.1 million , 38-cents-a-share loss in its first quarter ended Sept. 30	Wang had forecast a loss
+1	that it expects another loss in the second quarter and for the full year	it expects a profitable fourth quarter
+6	In a Dutch auction , the buyer sets a price range	holders give a price in that range at which they 're willing to sell their shares
+10	In a Dutch auction , the buyer sets a price range and holders give a price in that range at which they 're willing to sell their shares	The buyer picks a price and buys shares at that price from holders who offered to sell at that price or lower
+6	Chicago-based Continental earned $ 65.2 million , or $ 1.04 a share , compared with $ 73.6 million , or $ 1.19 a share , a year earlier	The 1988 quarter included one-time gains totaling about $ 35 million
+6	a subsidiary and two United Kingdom firms are studying the feasibility of constructing a 1,500 megawatt gas-fired power plant in northern England as an outgrowth of the government 's privatization program	participating in the study is the National Power division of Britain 's Central Electricity Generating Board
+6	A year ago , Viacom had a net loss of $ 56.9 million , or $ 1.07 a share.Interest expense in the 1988 third quarter was $ 75.3 million	In the year-ago quarter , Viacom paid preferred stock dividends of $ 17 million
+6	revenue rose to $ 345.5 million , from $ 311.6 million	it restructured bank debt under a $ 1.5 billion unsecured bank agreement that offers significant interest rate savings
+1	the investors would pay only a symbolic one lira for the station	we have agreed to raise the capital that will enable the company to continue operating
+11	that protects companies from creditors	they restructure
+1	that details of the recapitalization still have to be worked out	that Pathe will take 50 % of Odeon , Rome film producer Bruno Lucisano will take 10 % and the remaining 16.66 % , currently owned by Sasea , will eventually be sold to other investors
+6	but that Pathe will take 50 % of Odeon , Rome film producer Bruno Lucisano will take 10 %	the remaining 16.66 % , currently owned by Sasea , will eventually be sold to other investors
+10	to own a station	the law is passed
+10	before the law is passed	than to try to buy one
+6	They are telling people what roads are closed	just keeping the public informed has helped to keep the panic down
+2	In 1988 , Dallas-based Sterling protested a similar decision by NASA involving the same contract , claiming it had submitted the lowest bid	last March the General Services Administration board of contract appeals directed NASA to reopen negotiations on the contract
+1	For the rest of 1989 Conrail 's traffic and revenue `` will reflect the sluggish economy	Conrail will continue to take steps to control and reduce costs
+1	We did see some relief in raw material costs	it was n't sufficient to offset the drop in sales prices
+1	This temblor-prone city dispatched inspectors , firefighters and other earthquake-trained personnel to aid San Francisco	a secondary agenda among officials in the City of Angels was to learn about the disaster-contingency plans that work and those that do n't
+11	Los Angeles cope in the first few weeks after its own anticipated quake	waiting for federal assistance to arrive
+10	Los Angeles dispatched 32 inspectors to help	San Francisco Mayor Art Agnos spoke on television of the need for building inspectors to check the soundness of buildings
+6	After San Francisco Mayor Art Agnos spoke on television of the need for building inspectors to check the soundness of buildings , Los Angeles dispatched 32 inspectors to help	the county of Los Angeles placed its firefighters and sheriffs on alert , ready to send in reinforcements , and alerted San Francisco that the city has 1,000 hospital beds at its disposal
+6	Two Los Angeles radio stations initiated Red Cross donation campaigns	one Los Angeles bank manager forked over $ 150,000 of his own money for relief purposes
+6	The Los Angeles Red Cross sent 2,480 cots , 500 blankets , and 300 pints of Type-O blood	It is pulling 20 people out of Puerto Rico , who were helping Huricane Hugo victims , and sending them to San Francisco instead
+5	It is also pulling 20 people out of Puerto Rico	and sending them to San Francisco