diff --git "a/CoNLL_chunk_train.txt" "b/CoNLL_chunk_train.txt"
new file mode 100644--- /dev/null
+++ "b/CoNLL_chunk_train.txt"
@@ -0,0 +1,220663 @@
+Confidence NN B-NP
+in IN B-PP
+the DT B-NP
+pound NN I-NP
+is VBZ B-VP
+widely RB I-VP
+expected VBN I-VP
+to TO I-VP
+take VB I-VP
+another DT B-NP
+sharp JJ I-NP
+dive NN I-NP
+if IN B-SBAR
+trade NN B-NP
+figures NNS I-NP
+for IN B-PP
+September NNP B-NP
+, , O
+due JJ B-ADJP
+for IN B-PP
+release NN B-NP
+tomorrow NN B-NP
+, , O
+fail VB B-VP
+to TO I-VP
+show VB I-VP
+a DT B-NP
+substantial JJ I-NP
+improvement NN I-NP
+from IN B-PP
+July NNP B-NP
+and CC I-NP
+August NNP I-NP
+'s POS B-NP
+near-record JJ I-NP
+deficits NNS I-NP
+. . O
+
+Chancellor NNP O
+of IN B-PP
+the DT B-NP
+Exchequer NNP I-NP
+Nigel NNP B-NP
+Lawson NNP I-NP
+'s POS B-NP
+restated VBN I-NP
+commitment NN I-NP
+to TO B-PP
+a DT B-NP
+firm NN I-NP
+monetary JJ I-NP
+policy NN I-NP
+has VBZ B-VP
+helped VBN I-VP
+to TO I-VP
+prevent VB I-VP
+a DT B-NP
+freefall NN I-NP
+in IN B-PP
+sterling NN B-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+week NN I-NP
+. . O
+
+But CC O
+analysts NNS B-NP
+reckon VBP B-VP
+underlying VBG B-NP
+support NN I-NP
+for IN B-PP
+sterling NN B-NP
+has VBZ B-VP
+been VBN I-VP
+eroded VBN I-VP
+by IN B-PP
+the DT B-NP
+chancellor NN I-NP
+'s POS B-NP
+failure NN I-NP
+to TO B-VP
+announce VB I-VP
+any DT B-NP
+new JJ I-NP
+policy NN I-NP
+measures NNS I-NP
+in IN B-PP
+his PRP$ B-NP
+Mansion NNP I-NP
+House NNP I-NP
+speech NN I-NP
+last JJ B-NP
+Thursday NNP I-NP
+. . O
+
+This DT B-NP
+has VBZ B-VP
+increased VBN I-VP
+the DT B-NP
+risk NN I-NP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+being VBG B-VP
+forced VBN I-VP
+to TO I-VP
+increase VB I-VP
+base NN B-NP
+rates NNS I-NP
+to TO B-PP
+16 CD B-NP
+% NN I-NP
+from IN B-PP
+their PRP$ B-NP
+current JJ I-NP
+15 CD I-NP
+% NN I-NP
+level NN I-NP
+to TO B-VP
+defend VB I-VP
+the DT B-NP
+pound NN I-NP
+, , O
+economists NNS B-NP
+and CC O
+foreign JJ B-NP
+exchange NN I-NP
+market NN I-NP
+analysts NNS I-NP
+say VBP B-VP
+. . O
+
+`` `` O
+The DT B-NP
+risks NNS I-NP
+for IN B-PP
+sterling NN B-NP
+of IN B-PP
+a DT B-NP
+bad JJ I-NP
+trade NN I-NP
+figure NN I-NP
+are VBP B-VP
+very RB B-ADVP
+heavily RB I-ADVP
+on IN B-PP
+the DT B-NP
+down JJ I-NP
+side NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Chris NNP B-NP
+Dillow NNP I-NP
+, , O
+senior JJ B-NP
+U.K. NNP I-NP
+economist NN I-NP
+at IN B-PP
+Nomura NNP B-NP
+Research NNP I-NP
+Institute NNP I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+another DT B-NP
+bad JJ I-NP
+trade NN I-NP
+number NN I-NP
+, , O
+there EX B-NP
+could MD B-VP
+be VB I-VP
+an DT B-NP
+awful JJ I-NP
+lot NN I-NP
+of IN B-PP
+pressure NN B-NP
+, , O
+'' '' O
+noted VBD B-VP
+Simon NNP B-NP
+Briscoe NNP I-NP
+, , O
+U.K. NNP B-NP
+economist NN I-NP
+for IN B-PP
+Midland NNP B-NP
+Montagu NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Midland NNP B-NP
+Bank NNP I-NP
+PLC NNP I-NP
+. . O
+
+Forecasts NNS B-NP
+for IN B-PP
+the DT B-NP
+trade NN I-NP
+figures NNS I-NP
+range VBP B-VP
+widely RB B-ADVP
+, , O
+but CC O
+few JJ B-NP
+economists NNS I-NP
+expect VBP B-VP
+the DT B-NP
+data NNS I-NP
+to TO B-VP
+show VB I-VP
+a DT B-NP
+very RB I-NP
+marked VBN I-NP
+improvement NN I-NP
+from IN B-PP
+the DT O
+# # O
+2 CD O
+billion CD O
+-LRB- ( O
+$ $ B-ADJP
+3.2 CD O
+billion CD O
+-RRB- ) O
+deficit NN B-NP
+in IN B-PP
+the DT B-NP
+current JJ I-NP
+account NN I-NP
+reported VBD B-VP
+for IN B-PP
+August NNP B-NP
+. . O
+
+The DT B-NP
+August NNP I-NP
+deficit NN I-NP
+and CC O
+the DT B-NP
+# # I-NP
+2.2 CD I-NP
+billion CD I-NP
+gap NN I-NP
+registered VBN B-VP
+in IN B-PP
+July NNP B-NP
+are VBP B-VP
+topped VBN I-VP
+only RB B-ADVP
+by IN B-PP
+the DT B-NP
+# # I-NP
+2.3 CD I-NP
+billion CD I-NP
+deficit NN I-NP
+of IN B-PP
+October NNP B-NP
+1988 CD I-NP
+. . O
+
+Sanjay NNP B-NP
+Joshi NNP I-NP
+, , O
+European JJ B-NP
+economist NN I-NP
+at IN B-PP
+Baring NNP B-NP
+Brothers NNPS I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+said VBD B-VP
+there EX B-NP
+is VBZ B-VP
+no DT B-NP
+sign NN I-NP
+that IN B-SBAR
+Britain NNP B-NP
+'s POS B-NP
+manufacturing NN I-NP
+industry NN I-NP
+is VBZ B-VP
+transforming VBG I-VP
+itself PRP B-NP
+to TO B-VP
+boost VB I-VP
+exports NNS B-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+he PRP B-NP
+remains VBZ B-VP
+fairly RB B-ADJP
+pessimistic JJ I-ADJP
+about IN B-PP
+the DT B-NP
+outlook NN I-NP
+for IN B-PP
+imports NNS B-NP
+, , O
+given VBN B-PP
+continued VBD B-NP
+high JJ I-NP
+consumer NN I-NP
+and CC I-NP
+capital NN I-NP
+goods NNS I-NP
+inflows NNS I-NP
+. . O
+
+He PRP B-NP
+reckons VBZ B-VP
+the DT B-NP
+current JJ I-NP
+account NN I-NP
+deficit NN I-NP
+will MD B-VP
+narrow VB I-VP
+to TO B-PP
+only RB B-NP
+# # I-NP
+1.8 CD I-NP
+billion CD I-NP
+in IN B-PP
+September NNP B-NP
+. . O
+
+However RB B-ADVP
+, , O
+Mr. NNP B-NP
+Dillow NNP I-NP
+said VBD B-VP
+he PRP B-NP
+believes VBZ B-VP
+that IN B-SBAR
+a DT B-NP
+reduction NN I-NP
+in IN B-PP
+raw JJ B-NP
+material NN I-NP
+stockbuilding VBG I-NP
+by IN B-PP
+industry NN B-NP
+could MD B-VP
+lead VB I-VP
+to TO B-PP
+a DT B-NP
+sharp JJ I-NP
+drop NN I-NP
+in IN B-PP
+imports NNS B-NP
+. . O
+
+Combined VBN B-PP
+with IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+some DT B-NP
+rebound NN I-NP
+in IN B-PP
+exports NNS B-NP
+after IN B-PP
+August NNP B-NP
+'s POS B-NP
+unexpected JJ I-NP
+decline NN I-NP
+, , O
+the DT B-NP
+deficit NN I-NP
+could MD B-VP
+narrow VB I-VP
+to TO B-PP
+as RB B-NP
+little JJ I-NP
+as IN I-NP
+# # I-NP
+1.3 CD I-NP
+billion CD I-NP
+. . O
+
+Mr. NNP B-NP
+Briscoe NNP I-NP
+, , O
+who WP B-NP
+also RB B-ADVP
+forecasts VBZ B-VP
+a DT B-NP
+# # I-NP
+1.3 CD I-NP
+billion CD I-NP
+current JJ I-NP
+account NN I-NP
+gap NN I-NP
+, , O
+warns VBZ B-VP
+that IN B-SBAR
+even RB B-SBAR
+if IN I-SBAR
+the DT B-NP
+trade NN I-NP
+figures NNS I-NP
+are VBP B-VP
+bullish JJ B-ADJP
+for IN B-PP
+sterling NN B-NP
+, , O
+the DT B-NP
+currency NN I-NP
+wo MD B-VP
+n't RB I-VP
+advance VB I-VP
+much JJ B-NP
+because IN B-SBAR
+investors NNS B-NP
+will MD B-VP
+want VB I-VP
+to TO I-VP
+see VB I-VP
+further JJ B-NP
+evidence NN I-NP
+of IN B-PP
+the DT B-NP
+turnaround NN I-NP
+before IN B-PP
+adjusting VBG B-VP
+positions NNS B-NP
+. . O
+
+Nevertheless RB B-ADVP
+, , O
+he PRP B-NP
+noted VBD B-VP
+, , O
+`` `` O
+No DT B-NP
+one PRP I-NP
+will MD B-VP
+want VB I-VP
+to TO I-VP
+go VB I-VP
+into IN B-PP
+the DT B-NP
+trade NN I-NP
+figures NNS I-NP
+without IN B-PP
+a DT B-NP
+flat JJ I-NP
+position NN I-NP
+'' '' O
+in IN B-PP
+the DT B-NP
+pound NN I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+overall JJ B-NP
+evidence NN I-NP
+on IN B-PP
+the DT B-NP
+economy NN I-NP
+remains VBZ B-VP
+fairly RB B-ADJP
+clouded VBN I-ADJP
+. . O
+
+In IN B-PP
+his PRP$ B-NP
+Mansion NNP I-NP
+House NNP I-NP
+speech NN I-NP
+, , O
+Mr. NNP B-NP
+Lawson NNP I-NP
+warned VBD B-VP
+that IN B-SBAR
+a DT B-NP
+further JJ I-NP
+slowdown NN I-NP
+can MD B-VP
+be VB I-VP
+expected VBN I-VP
+as IN B-SBAR
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+last JJ I-NP
+rise NN I-NP
+in IN B-PP
+interest NN B-NP
+rates NNS I-NP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+takes VBZ B-VP
+effect NN B-NP
+. . O
+
+U.K. JJ B-NP
+base NN I-NP
+rates NNS I-NP
+are VBP B-VP
+at IN B-PP
+their PRP$ B-NP
+highest JJS I-NP
+level NN I-NP
+in IN B-PP
+eight CD B-NP
+years NNS I-NP
+. . O
+
+But CC O
+consumer NN B-NP
+expenditure NN I-NP
+data NNS I-NP
+released VBD B-VP
+Friday NNP B-NP
+do VBP B-VP
+n't RB I-VP
+suggest VB I-VP
+that IN B-SBAR
+the DT B-NP
+U.K. NNP I-NP
+economy NN I-NP
+is VBZ B-VP
+slowing VBG I-VP
+that DT B-ADVP
+quickly RB I-ADVP
+. . O
+
+The DT B-NP
+figures NNS I-NP
+show VBP B-VP
+that DT O
+spending NN B-NP
+rose VBD B-VP
+0.1 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+from IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+and CC O
+was VBD B-VP
+up IN B-ADVP
+3.8 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+This DT B-NP
+compares VBZ B-VP
+with IN B-PP
+a DT B-NP
+1.6 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+the DT B-NP
+second NN I-NP
+from IN B-PP
+the DT B-NP
+first JJ I-NP
+quarter NN I-NP
+and CC O
+a DT B-NP
+5.4 CD I-NP
+% NN I-NP
+increase NN I-NP
+from IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+of IN B-PP
+1988 CD B-NP
+. . O
+
+Mr. NNP B-NP
+Dillow NNP I-NP
+said VBD B-VP
+the DT B-NP
+data NNS I-NP
+show VBP B-VP
+the DT B-NP
+economy NN I-NP
+`` `` O
+is VBZ B-VP
+still RB B-ADVP
+quite RB B-ADJP
+strong JJ I-ADJP
+, , O
+'' '' O
+but CC O
+suggestions NNS B-NP
+that IN B-SBAR
+much NN B-NP
+of IN B-PP
+the DT B-NP
+spending NN I-NP
+went VBD B-VP
+on IN B-PP
+services NNS B-NP
+rather RB B-PP
+than IN I-PP
+consumer NN B-NP
+goods NNS I-NP
+should MD B-VP
+reduce VB I-VP
+fears NNS B-NP
+of IN B-PP
+more JJR B-NP
+import NN I-NP
+rises NNS I-NP
+. . O
+
+Certainly RB B-ADVP
+, , O
+the DT B-NP
+chancellor NN I-NP
+has VBZ B-VP
+made VBN I-VP
+it PRP B-NP
+clear JJ B-ADJP
+that IN B-SBAR
+he PRP B-NP
+is VBZ B-VP
+prepared VBN I-VP
+to TO I-VP
+increase VB I-VP
+interest NN B-NP
+rates NNS I-NP
+again RB B-ADVP
+if IN B-SBAR
+necessary JJ B-ADJP
+to TO B-VP
+both DT I-VP
+ensure VB I-VP
+that IN B-SBAR
+a DT B-NP
+substantial JJ I-NP
+slowdown NN I-NP
+does VBZ B-VP
+take VB I-VP
+place NN B-NP
+and CC O
+that DT O
+sterling NN B-NP
+does VBZ B-VP
+n't RB I-VP
+decline VB I-VP
+further JJ B-ADVP
+. . O
+
+Thursday NNP B-NP
+, , O
+he PRP B-NP
+reminded VBD B-VP
+his PRP$ B-NP
+audience NN I-NP
+that IN B-SBAR
+the DT B-NP
+government NN I-NP
+`` `` O
+can MD B-VP
+not RB I-VP
+allow VB I-VP
+the DT B-NP
+necessary JJ I-NP
+rigor NN I-NP
+of IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+to TO B-VP
+be VB I-VP
+undermined VBN I-VP
+by IN B-PP
+exchange NN B-NP
+rate NN I-NP
+weakness NN I-NP
+. . O
+'' '' O
+
+Analysts NNS B-NP
+agree VBP B-VP
+there EX B-NP
+is VBZ B-VP
+little JJ B-NP
+holding NN B-VP
+sterling NN B-NP
+firm NN B-ADJP
+at IN B-PP
+the DT B-NP
+moment NN I-NP
+other JJ B-ADJP
+than IN B-PP
+Mr. NNP B-NP
+Lawson NNP I-NP
+'s POS B-NP
+promise NN I-NP
+that IN B-SBAR
+rates NNS B-NP
+will MD B-VP
+be VB I-VP
+pushed VBN I-VP
+higher JJR B-ADJP
+if IN B-SBAR
+necessary JJ B-ADJP
+. . O
+
+And CC O
+, , O
+they PRP B-NP
+warn VBP B-VP
+, , O
+any DT B-NP
+further JJ I-NP
+drop NN I-NP
+in IN B-PP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+popularity NN I-NP
+could MD B-VP
+swiftly RB I-VP
+make VB I-VP
+this DT B-NP
+promise NN I-NP
+sound NN B-VP
+hollow JJ B-ADJP
+. . O
+
+Sterling NNP B-NP
+was VBD B-VP
+already RB I-VP
+showing VBG I-VP
+some DT B-NP
+signs NNS I-NP
+of IN B-PP
+a DT B-NP
+lack NN I-NP
+of IN B-PP
+confidence NN B-NP
+in IN B-PP
+Mr. NNP B-NP
+Lawson NNP I-NP
+'s POS B-NP
+promise NN I-NP
+Friday NNP B-NP
+. . O
+
+In IN B-PP
+European JJ B-NP
+trading NN I-NP
+it PRP B-NP
+declined VBD B-VP
+to TO B-PP
+$ $ B-NP
+1.5890 CD I-NP
+and CC O
+2.9495 CD B-NP
+marks NNS I-NP
+from IN B-PP
+$ $ B-NP
+1.5940 CD I-NP
+and CC O
+2.9429 CD B-NP
+marks NNS I-NP
+late JJ B-NP
+Thursday NNP I-NP
+. . O
+
+Economists NNS B-NP
+suggested VBD B-VP
+that IN B-SBAR
+if IN B-SBAR
+the DT B-NP
+pound NN I-NP
+falls VBZ B-VP
+much JJ B-NP
+below IN B-PP
+2.90 CD B-NP
+marks NNS I-NP
+, , O
+the DT B-NP
+government NN I-NP
+will MD B-VP
+be VB I-VP
+forced VBN I-VP
+to TO I-VP
+increase VB I-VP
+rates NNS B-NP
+to TO B-PP
+16 CD B-NP
+% NN I-NP
+, , O
+both DT B-VP
+to TO I-VP
+halt VB B-VP
+any DT B-NP
+further JJ I-NP
+decline NN I-NP
+and CC O
+ensure VB B-VP
+that IN B-SBAR
+the DT B-NP
+balance NN I-NP
+of IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+remains VBZ B-VP
+unchanged JJ B-ADJP
+. . O
+
+Friday NNP B-NP
+'s POS B-NP
+Market NNP I-NP
+Activity NN I-NP
+
+The DT B-NP
+dollar NN I-NP
+posted VBD B-VP
+gains NNS B-NP
+in IN B-PP
+quiet JJ B-NP
+trading NN I-NP
+as IN B-SBAR
+concerns NNS B-NP
+about IN B-PP
+equities NNS B-NP
+abated VBN B-VP
+. . O
+
+Foreign JJ B-NP
+exchange NN I-NP
+dealers NNS I-NP
+said VBD B-VP
+that IN B-SBAR
+the DT B-NP
+currency NN I-NP
+market NN I-NP
+has VBZ B-VP
+begun VBN I-VP
+to TO I-VP
+distance VB I-VP
+itself PRP B-NP
+from IN B-PP
+the DT B-NP
+volatile JJ I-NP
+stock NN I-NP
+exchange NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+preoccupied VBN I-VP
+the DT B-NP
+market NN I-NP
+since IN B-PP
+Oct. NNP B-NP
+13 CD I-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+plunged VBD B-VP
+more JJR B-NP
+than IN I-NP
+190 CD I-NP
+points NNS I-NP
+. . O
+
+Currency NN B-NP
+analysts NNS I-NP
+predict VBP B-VP
+that IN B-SBAR
+in IN B-PP
+the DT B-NP
+coming VBG I-NP
+week NN I-NP
+the DT B-NP
+foreign JJ I-NP
+exchange NN I-NP
+market NN I-NP
+will MD B-VP
+shift VB I-VP
+its PRP$ B-NP
+focus NN I-NP
+back RB B-ADVP
+to TO B-PP
+economic JJ B-NP
+fundamentals NNS I-NP
+, , O
+keeping VBG B-VP
+a DT B-NP
+close NN I-NP
+eye NN I-NP
+out IN B-ADVP
+for IN B-PP
+any DT B-NP
+signs NNS I-NP
+of IN B-PP
+monetary JJ B-NP
+easing NN I-NP
+by IN B-PP
+U.S. NNP B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+. . O
+
+Late RB B-ADVP
+in IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+trading NN I-NP
+day NN I-NP
+, , O
+the DT B-NP
+dollar NN I-NP
+was VBD B-VP
+quoted VBN I-VP
+at IN B-PP
+1.8578 CD B-NP
+marks NNS I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+1.8470 CD B-NP
+marks NNS I-NP
+late JJ B-NP
+Thursday NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+The DT B-NP
+U.S. NNP I-NP
+currency NN I-NP
+was VBD B-VP
+also RB I-VP
+changing VBG I-VP
+hands NNS B-NP
+at IN B-PP
+142.43 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+141.70 CD B-NP
+yen NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+late JJ B-NP
+Thursday NNP I-NP
+. . O
+
+In IN B-PP
+Tokyo NNP B-NP
+on IN B-PP
+Monday NNP B-NP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+currency NN I-NP
+opened VBD B-VP
+for IN B-PP
+trading NN B-NP
+at IN B-PP
+141.95 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+Tokyo NNP I-NP
+close NN I-NP
+of IN B-PP
+141.35 CD B-NP
+yen NN I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+Commodity NNP I-NP
+Exchange NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+gold NN B-NP
+for IN B-PP
+current JJ B-NP
+delivery NN I-NP
+settled VBD B-VP
+at IN B-PP
+$ $ B-NP
+367.30 CD I-NP
+an DT B-NP
+ounce NN I-NP
+, , O
+up IN B-ADVP
+20 CD B-NP
+cents NNS I-NP
+. . O
+
+Estimated VBN B-NP
+volume NN I-NP
+was VBD B-VP
+a DT B-NP
+light NN I-NP
+2.4 CD I-NP
+million CD I-NP
+ounces NNS I-NP
+. . O
+
+In IN B-PP
+early JJ B-NP
+trading NN I-NP
+in IN B-PP
+Hong NNP B-NP
+Kong NNP I-NP
+Monday NNP B-NP
+, , O
+gold NN B-NP
+was VBD B-VP
+quoted VBN I-VP
+at IN B-PP
+$ $ B-NP
+366.50 CD I-NP
+an DT B-NP
+ounce NN I-NP
+. . O
+
+East NNP B-NP
+Rock NNP I-NP
+Partners NNP I-NP
+Limited NNP I-NP
+Partnership NNP I-NP
+said VBD B-VP
+it PRP B-NP
+proposed VBD B-VP
+to TO I-VP
+acquire VB I-VP
+A.P. NNP B-NP
+Green NNP I-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+for IN B-PP
+$ $ B-NP
+40 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+Oct. NNP I-NP
+19 CD I-NP
+letter NN I-NP
+to TO B-PP
+A.P. NNP B-NP
+Green NNP I-NP
+'s POS B-NP
+board NN I-NP
+, , O
+East NNP B-NP
+Rock NNP I-NP
+said VBD B-VP
+the DT B-NP
+offer NN I-NP
+is VBZ B-VP
+subject NN B-ADJP
+to TO B-PP
+the DT B-NP
+signing NN I-NP
+of IN B-PP
+a DT B-NP
+merger NN I-NP
+agreement NN I-NP
+by IN B-PP
+no DT B-ADVP
+later RB I-ADVP
+than IN B-PP
+Oct. NNP B-NP
+31 CD I-NP
+. . O
+
+The DT B-NP
+letter NN I-NP
+, , O
+attached VBN B-VP
+to TO B-PP
+a DT B-NP
+filing NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+approval NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+contingent JJ B-ADJP
+upon IN B-PP
+obtaining VBG B-VP
+satisfactory JJ B-NP
+financing NN I-NP
+. . O
+
+An DT B-NP
+A.P. NNP I-NP
+Green NNP I-NP
+official NN I-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+the DT B-NP
+filing NN I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+40-a-share JJ I-NP
+proposal NN I-NP
+values VBZ B-VP
+the DT B-NP
+company NN I-NP
+at IN B-PP
+about RB B-NP
+$ $ I-NP
+106.6 CD I-NP
+million CD I-NP
+. . O
+
+A.P. NNP B-NP
+Green NNP I-NP
+currently RB B-ADVP
+has VBZ B-VP
+2,664,098 CD B-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+Its PRP$ B-NP
+stock NN I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+38 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.875 CD I-NP
+, , O
+in IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+is VBZ B-VP
+a DT B-NP
+Mexico NNP I-NP
+, , I-NP
+Mo. NNP I-NP
+, , I-NP
+maker NN I-NP
+of IN B-PP
+refractory JJ B-NP
+products NNS I-NP
+. . O
+
+East NNP B-NP
+Rock NNP I-NP
+also RB B-ADVP
+said VBD B-VP
+in IN B-PP
+the DT B-NP
+filing NN I-NP
+that IN B-SBAR
+it PRP B-NP
+boosted VBD B-VP
+its PRP$ B-NP
+stake NN I-NP
+in IN B-PP
+A.P. NNP B-NP
+Green NNP I-NP
+to TO B-PP
+8.7 CD B-NP
+% NN I-NP
+. . O
+
+It PRP B-NP
+now RB B-ADVP
+holds VBZ B-VP
+233,000 CD B-NP
+A.P. NNP I-NP
+Green NNP I-NP
+common JJ I-NP
+shares NNS I-NP
+, , O
+including VBG B-PP
+30,000 CD B-NP
+shares NNS I-NP
+bought VBD B-VP
+last JJ B-NP
+Thursday NNP I-NP
+for IN B-PP
+$ $ B-NP
+35.50 CD I-NP
+to TO I-NP
+$ $ I-NP
+36.50 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+New NNP B-NP
+York-based JJ I-NP
+John NNP I-NP
+Kuhns NNP I-NP
+and CC I-NP
+Robert NNP I-NP
+MacDonald NNP I-NP
+control NN B-VP
+East NNP B-NP
+Rock NNP I-NP
+Partners NNP I-NP
+Inc. NNP I-NP
+, , O
+the DT B-NP
+sole JJ I-NP
+general JJ I-NP
+partner NN I-NP
+of IN B-PP
+East NNP B-NP
+Rock NNP I-NP
+Partners NNP I-NP
+L.P NNP I-NP
+. . O
+
+The DT B-NP
+sole JJ I-NP
+limited JJ I-NP
+partner NN I-NP
+of IN B-PP
+the DT B-NP
+partnership NN I-NP
+is VBZ B-VP
+Westwood NNP B-NP
+Brick NNP I-NP
+Lime NNP I-NP
+Inc. NNP I-NP
+, , O
+an DT B-NP
+indirect JJ I-NP
+subsidiary NN I-NP
+of IN B-PP
+Westwood NNP B-NP
+Group NNP I-NP
+Inc NNP I-NP
+. . O
+
+Both DT B-NP
+Westwood NNP B-NP
+Brick NNP I-NP
+and CC O
+Westwood NNP B-NP
+Group NNP I-NP
+are VBP B-VP
+based VBN I-VP
+in IN B-PP
+Boston NNP B-NP
+. . O
+
+Freight NN B-NP
+rates NNS I-NP
+, , O
+declining VBG B-VP
+for IN B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+decade NN I-NP
+because IN B-PP
+of IN I-PP
+competition NN B-NP
+spurred VBN B-VP
+by IN B-PP
+deregulation NN B-NP
+, , O
+are VBP B-VP
+bottoming VBG I-VP
+out IN B-PRT
+, , O
+turning VBG B-VP
+upward RB B-ADVP
+and CC O
+threatening VBG B-VP
+to TO I-VP
+fuel VB I-VP
+inflation NN B-NP
+. . O
+
+Trucking NNP B-NP
+, , I-NP
+shipping VBG I-NP
+and CC I-NP
+air-freight NN I-NP
+companies NNS I-NP
+have VBP B-VP
+announced VBN I-VP
+rate NN B-NP
+increases NNS I-NP
+, , O
+scheduled VBN B-VP
+for IN B-PP
+this DT B-NP
+fall NN I-NP
+or CC O
+early JJ B-NP
+next JJ I-NP
+year NN I-NP
+, , O
+reflecting VBG B-VP
+higher JJR B-NP
+costs NNS I-NP
+and CC O
+tightened VBD B-NP
+demand NN I-NP
+for IN B-PP
+freight NN B-NP
+transport NN I-NP
+. . O
+
+Major JJ B-NP
+shippers NNS I-NP
+say VBP B-VP
+they PRP B-NP
+expect VBP B-VP
+freight NN B-NP
+rates NNS I-NP
+to TO B-VP
+rise VB I-VP
+at IN B-ADVP
+least JJS I-ADVP
+as RB B-ADVP
+fast RB I-ADVP
+as IN B-PP
+inflation NN B-NP
+and CC B-ADVP
+maybe RB I-ADVP
+faster RBR B-ADVP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+years NNS I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+a DT B-NP
+big JJ I-NP
+change NN I-NP
+from IN B-PP
+recent JJ B-NP
+years NNS I-NP
+when WRB B-ADVP
+freight NN B-NP
+haulage NN I-NP
+was VBD B-VP
+a DT B-NP
+bright JJ I-NP
+spot NN I-NP
+for IN B-PP
+U.S. NNP B-NP
+productivity NN I-NP
+, , O
+helping VBG B-VP
+to TO I-VP
+restrain VB I-VP
+inflation NN B-NP
+and CC O
+make VB B-VP
+U.S. NNP B-NP
+industry NN I-NP
+more RBR B-ADJP
+competitive JJ I-ADJP
+abroad RB B-ADVP
+. . O
+
+`` `` O
+Demand NN B-NP
+has VBZ B-VP
+caught VBN I-VP
+up IN B-PRT
+with IN B-PP
+the DT B-NP
+supply NN I-NP
+of IN B-PP
+certain JJ B-NP
+types NNS I-NP
+of IN B-PP
+freight NN B-NP
+transportation NN I-NP
+, , O
+and CC O
+rates NNS B-NP
+are VBP B-VP
+starting VBG I-VP
+to TO I-VP
+move VB I-VP
+up IN B-ADVP
+'' '' O
+at IN B-PP
+a DT B-NP
+rate NN I-NP
+`` `` O
+close RB B-ADJP
+to TO B-PP
+or CC O
+slightly RB B-ADJP
+more JJR I-ADJP
+than IN B-PP
+the DT B-NP
+inflation NN I-NP
+rate NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Clifford NNP B-NP
+Sayre NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+logistics NNS B-NP
+at IN B-PP
+Du NNP B-NP
+Pont NNP I-NP
+Co NNP I-NP
+. . O
+
+Shippers NNS B-NP
+surveyed VBN B-VP
+recently RB B-ADVP
+by IN B-PP
+Ohio NNP B-NP
+State NNP I-NP
+University NNP I-NP
+said VBD B-VP
+they PRP B-NP
+expect VBP B-VP
+their PRP$ B-NP
+freight-transport JJ I-NP
+, , I-NP
+storage NN I-NP
+and CC I-NP
+distribution NN I-NP
+costs NNS I-NP
+to TO B-VP
+rise VB I-VP
+about IN B-NP
+4 CD I-NP
+% NN I-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+Only RB B-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+250 CD I-NP
+shippers NNS I-NP
+polled VBN B-VP
+expected VBN B-VP
+their PRP$ B-NP
+freight-transport JJ I-NP
+costs NNS I-NP
+to TO B-VP
+decrease VB I-VP
+, , O
+compared VBN B-PP
+with IN B-PP
+30 CD B-NP
+% NN I-NP
+who WP B-NP
+had VBD B-VP
+looked VBN I-VP
+to TO B-PP
+freight VB B-NP
+transport NN I-NP
+to TO B-VP
+reduce VB I-VP
+costs NNS B-NP
+in IN B-PP
+past JJ B-NP
+years NNS I-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+the DT B-NP
+first JJ I-NP
+year NN I-NP
+since IN B-PP
+transportation NN B-NP
+deregulation NN I-NP
+in IN B-PP
+1980 CD B-NP
+that IN B-ADVP
+we PRP B-NP
+have VBP B-VP
+had VBN I-VP
+such JJ B-NP
+a DT I-NP
+dramatic JJ I-NP
+and CC I-NP
+broad-based JJ I-NP
+upturn NN I-NP
+in IN B-PP
+perceived VBN B-NP
+transportation NN I-NP
+rates NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Bernard NNP B-NP
+LaLonde NNP I-NP
+, , O
+a DT B-NP
+transportation NN I-NP
+logistics NNS I-NP
+professor NN I-NP
+at IN B-PP
+Ohio NNP B-NP
+State NNP I-NP
+in IN B-PP
+Columbus NNP B-NP
+. . O
+
+The DT B-NP
+deregulation NN I-NP
+of IN B-PP
+railroads NNS B-NP
+and CC I-NP
+trucking NN I-NP
+companies NNS I-NP
+that WDT B-NP
+began VBD B-VP
+in IN B-PP
+1980 CD B-NP
+enabled VBD B-VP
+shippers NNS B-NP
+to TO B-VP
+bargain VB I-VP
+for IN B-PP
+transportation NN B-NP
+. . O
+
+Carriers NNP B-NP
+could MD B-VP
+use VB I-VP
+their PRP$ B-NP
+equipment NN I-NP
+more RBR B-ADVP
+efficiently RB I-ADVP
+, , O
+leading VBG B-VP
+to TO B-PP
+overcapacity NN B-NP
+they PRP B-NP
+were VBD B-VP
+eager JJ B-ADJP
+to TO B-VP
+fill VB I-VP
+. . O
+
+Shippers NNS B-NP
+cut VBP B-VP
+about RB B-NP
+$ $ I-NP
+35 CD I-NP
+billion CD I-NP
+from IN B-PP
+their PRP$ B-NP
+annual JJ I-NP
+, , I-NP
+inter-city JJ I-NP
+truck NN I-NP
+and CC I-NP
+rail NN I-NP
+costs NNS I-NP
+, , O
+to TO B-PP
+about RB B-NP
+$ $ I-NP
+150 CD I-NP
+billion CD I-NP
+, , O
+or CC O
+about IN B-NP
+6.4 CD I-NP
+% NN I-NP
+of IN B-PP
+gross JJ B-NP
+national JJ I-NP
+product NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+8 CD B-NP
+% NN I-NP
+of IN B-PP
+GNP NNP B-NP
+in IN B-PP
+1981 CD B-NP
+. . O
+
+But CC O
+with IN B-PP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+inefficiency NN I-NP
+squeezed VBN B-VP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+freight-transport JJ I-NP
+system NN I-NP
+, , O
+rising VBG B-NP
+costs NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+reflected VBN I-VP
+directly RB B-ADVP
+in IN B-PP
+higher JJR B-NP
+freight NN I-NP
+rates NNS I-NP
+. . O
+
+`` `` O
+Shippers NNS B-NP
+are VBP B-VP
+saying VBG I-VP
+` `` O
+the DT B-NP
+party NN I-NP
+'s POS B-VP
+over IN B-ADJP
+, , O
+' '' O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+LaLonde NNP I-NP
+. . O
+
+`` `` O
+Shippers NNS B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+look VB I-VP
+for IN B-PP
+transportation-cost JJ B-NP
+savings NNS I-NP
+as IN B-SBAR
+they PRP B-NP
+have VBP B-VP
+for IN B-PP
+the DT B-NP
+last JJ I-NP
+eight CD I-NP
+or CC I-NP
+nine CD I-NP
+years NNS I-NP
+. . O
+
+Transport NN B-NP
+rates NNS I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+an DT B-NP
+opportunity NN I-NP
+for IN B-PP
+offsetting VBG B-VP
+cost NN B-NP
+increases NNS I-NP
+in IN B-PP
+other JJ B-NP
+segments NNS I-NP
+of IN B-PP
+the DT B-NP
+economy NN I-NP
+. . O
+'' '' O
+
+Robert NNP B-NP
+Delaney NNP I-NP
+, , O
+a DT B-NP
+consultant NN I-NP
+at IN B-PP
+Arthur NNP B-NP
+D. NNP I-NP
+Little NNP I-NP
+Inc. NNP I-NP
+, , O
+Cambridge NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+said VBD B-VP
+`` `` O
+We PRP B-NP
+'ve VBP B-VP
+gotten VBN I-VP
+all PDT B-NP
+the DT I-NP
+benefits NNS I-NP
+of IN B-PP
+deregulation NN B-NP
+in IN B-PP
+freight-cost JJ B-NP
+reductions NNS I-NP
+. . O
+
+Now RB B-ADVP
+we PRP B-NP
+are VBP B-VP
+starting VBG I-VP
+to TO I-VP
+see VB I-VP
+real JJ B-NP
+freight-rate JJ I-NP
+increases NNS I-NP
+as IN B-SBAR
+carriers NNS B-NP
+replace VBP B-VP
+equipment NN B-NP
+, , O
+pay VB B-VP
+higher JJR B-NP
+fuel NN I-NP
+costs NNS I-NP
+and CC O
+pay VB B-VP
+more JJR B-NP
+for IN B-PP
+labor NN B-NP
+. . O
+
+You PRP B-NP
+'ll MD B-VP
+see VB I-VP
+carriers NNS B-NP
+try VB B-VP
+to TO I-VP
+recoup VB I-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+price NN I-NP
+cutting VBG I-NP
+that WDT B-NP
+occurred VBD B-VP
+previously RB B-ADVP
+. . O
+'' '' O
+
+Not RB B-NP
+everyone NN I-NP
+believes VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+good JJ I-NP
+times NNS I-NP
+are VBP B-VP
+over IN B-ADJP
+for IN B-PP
+shippers NNS B-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+still RB B-ADVP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+pressure NN B-NP
+on IN B-PP
+rates NNS B-NP
+in IN B-PP
+both DT B-NP
+rail NN I-NP
+and CC I-NP
+truck NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Gerard NNP B-NP
+McCullough NNP I-NP
+, , O
+lecturer NN B-NP
+in IN B-PP
+transportation NN B-NP
+at IN B-PP
+Massachusetts NNP B-NP
+Institute NNP I-NP
+of IN B-PP
+Technology NNP B-NP
+. . O
+
+Less-than-truckload JJ B-NP
+companies NNS I-NP
+, , O
+which WDT B-NP
+carry VBP B-VP
+the DT B-NP
+freight NN I-NP
+of IN B-PP
+several JJ B-NP
+shippers NNS I-NP
+in IN B-PP
+each DT B-NP
+truck NN I-NP
+trailer NN I-NP
+, , O
+discounted VBD B-VP
+away RB B-ADVP
+a DT B-NP
+4.7 CD I-NP
+% NN I-NP
+rate NN I-NP
+increase NN I-NP
+implemented VBD B-VP
+last JJ B-NP
+April NNP I-NP
+. . O
+
+The DT B-NP
+carriers NNS I-NP
+were VBD B-VP
+competing VBG I-VP
+fiercely RB B-ADVP
+for IN B-PP
+market NN B-NP
+share NN I-NP
+. . O
+
+Railroad-rate JJ B-NP
+increases NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+restrained VBN I-VP
+by IN B-PP
+weakening VBG B-NP
+rail-traffic JJ I-NP
+levels NNS I-NP
+and CC O
+keen JJ B-NP
+competition NN I-NP
+for IN B-PP
+freight NN B-NP
+from IN B-PP
+trucks NNS B-NP
+. . O
+
+An DT B-NP
+official NN I-NP
+at IN B-PP
+Consolidated NNP B-NP
+Freightways NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Menlo NNP I-NP
+Park NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+less-than-truckload JJ I-NP
+carrier NN I-NP
+, , O
+said VBD B-VP
+rate NN B-NP
+discounting NN I-NP
+in IN B-PP
+that DT B-NP
+industry NN I-NP
+has VBZ B-VP
+begun VBN I-VP
+to TO I-VP
+`` `` O
+stabilize VB B-VP
+. . O
+'' '' O
+
+Consolidated NNP B-NP
+Freightways NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+raise VB I-VP
+its PRP$ B-NP
+rates NNS I-NP
+5.3 CD B-NP
+% NN I-NP
+late JJ B-NP
+this DT I-NP
+year NN I-NP
+or CC O
+early JJ B-NP
+next JJ I-NP
+year NN I-NP
+, , O
+and CC O
+at IN B-NP
+least JJS I-NP
+two CD I-NP
+competitors NNS I-NP
+have VBP B-VP
+announced VBN I-VP
+similar JJ B-NP
+increases NNS I-NP
+. . O
+
+Truckers NNS B-NP
+are VBP B-VP
+`` `` O
+trying VBG B-VP
+to TO I-VP
+send VB I-VP
+signals NNS B-NP
+that IN B-SBAR
+they PRP B-NP
+need VBP B-VP
+to TO I-VP
+stop VB I-VP
+the DT B-NP
+bloodletting NN I-NP
+, , O
+forget VB B-VP
+about IN B-PP
+market NN B-NP
+share NN I-NP
+and CC O
+go VB B-VP
+for IN B-PP
+higher JJR B-NP
+rates NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Michael NNP B-NP
+Lloyd NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+Salomon NNP B-NP
+Bros NNP I-NP
+. . O
+
+And CC O
+`` `` O
+shippers NNS B-NP
+are VBP B-VP
+getting VBG I-VP
+the DT B-NP
+feeling NN I-NP
+that IN B-SBAR
+they PRP B-NP
+have VBP B-VP
+played VBN I-VP
+one CD B-NP
+trucker NN I-NP
+off IN B-ADVP
+against IN B-PP
+another DT B-NP
+as RB B-NP
+much JJ I-NP
+as IN B-SBAR
+they PRP B-NP
+can MD B-VP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Air-freight NN B-NP
+carriers NNS I-NP
+raised VBD B-VP
+their PRP$ B-NP
+rates NNS I-NP
+for IN B-PP
+U.S. NNP B-NP
+products NNS I-NP
+going VBG B-VP
+across IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+to TO B-PP
+Asia NNP B-NP
+by IN B-PP
+about IN B-NP
+20 CD I-NP
+% NN I-NP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+. . O
+
+And CC O
+Japan NNP B-NP
+Air NNP I-NP
+Lines NNPS I-NP
+said VBD B-VP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+boost VB I-VP
+its PRP$ B-NP
+rates NNS I-NP
+a DT B-NP
+further JJ I-NP
+25 CD I-NP
+% NN I-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+two CD I-NP
+years NNS I-NP
+. . O
+
+Such JJ B-NP
+rate NN I-NP
+increases NNS I-NP
+`` `` O
+will MD B-VP
+increase VB I-VP
+the DT B-NP
+total JJ I-NP
+cost NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+products NNS I-NP
+and CC O
+slow JJ B-VP
+down RP B-PRT
+the DT B-NP
+rate NN I-NP
+of IN B-PP
+increase NN B-NP
+of IN B-PP
+U.S. NNP B-NP
+exports NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Richard NNP B-NP
+Connors NNP I-NP
+, , O
+a DT B-NP
+senior JJ I-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+Yusen NNP B-NP
+Air NNP I-NP
+& CC I-NP
+Sea NNP I-NP
+Service NNP I-NP
+U.S.A. NNP I-NP
+Inc. NNP I-NP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+air-freight-forwarding JJ I-NP
+subsidiary NN I-NP
+of IN B-PP
+Nippon NNP B-NP
+Yusen NNP I-NP
+Kaisha NNP I-NP
+of IN B-PP
+Japan NNP B-NP
+. . O
+
+Ship NN B-NP
+companies NNS I-NP
+carrying VBG B-VP
+bulk NN B-NP
+commodities NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+oil NN B-NP
+, , O
+grain NN B-NP
+, , O
+coal NN B-NP
+and CC O
+iron NN B-NP
+ore NN I-NP
+, , O
+have VBP B-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+increase VB I-VP
+their PRP$ B-NP
+rates NNS I-NP
+in IN B-PP
+the DT B-NP
+last JJ I-NP
+couple NN I-NP
+of IN B-PP
+years NNS B-NP
+. . O
+
+Some DT B-NP
+bulk NN I-NP
+shipping VBG I-NP
+rates NNS I-NP
+have VBP B-VP
+increased VBN I-VP
+`` `` O
+3 CD B-NP
+% NN I-NP
+to TO I-NP
+4 CD I-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+few JJ I-NP
+months NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Salomon NNP B-NP
+'s POS B-NP
+Mr. NNP I-NP
+Lloyd NNP I-NP
+. . O
+
+And CC O
+ship NN B-NP
+lines NNS I-NP
+carrying VBG B-VP
+containers NNS B-NP
+are VBP B-VP
+also RB I-VP
+trying VBG I-VP
+to TO I-VP
+raise VB I-VP
+their PRP$ B-NP
+rates NNS I-NP
+. . O
+
+Carriers NNP B-NP
+boosted VBD B-VP
+rates NNS B-NP
+more JJR B-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+North NNP I-NP
+Atlantic NNP I-NP
+between IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+Europe NNP B-NP
+last JJ B-NP
+September NNP I-NP
+, , O
+hoping VBG B-VP
+to TO I-VP
+partly RB I-VP
+restore VB I-VP
+rates NNS B-NP
+to TO B-PP
+earlier JJR B-NP
+levels NNS I-NP
+. . O
+
+Ship NN B-NP
+lines NNS I-NP
+operating VBG B-VP
+in IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+plan NN B-VP
+to TO I-VP
+raise VB I-VP
+rates NNS B-NP
+on IN B-PP
+containers NNS B-NP
+carrying VBG B-VP
+U.S. NNP B-NP
+exports NNS I-NP
+to TO B-PP
+Asia NNP B-NP
+about IN B-NP
+10 CD I-NP
+% NN I-NP
+, , O
+effective JJ B-ADJP
+next JJ B-NP
+April NNP I-NP
+. . O
+
+MGM NNP B-NP
+Grand NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+filed VBD B-VP
+a DT B-NP
+registration NN I-NP
+statement NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+for IN B-PP
+a DT B-NP
+public JJ I-NP
+offering NN I-NP
+of IN B-PP
+six CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+. . O
+
+The DT B-NP
+Beverly NNP I-NP
+Hills NNP I-NP
+, , I-NP
+Calif.-based JJ I-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+have VB I-VP
+26.9 CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+after IN B-PP
+the DT B-NP
+offering NN I-NP
+. . O
+
+The DT B-NP
+hotel NN I-NP
+and CC I-NP
+Gaming NNP I-NP
+company NN I-NP
+said VBD B-VP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+will MD B-VP
+lead VB I-VP
+the DT B-NP
+underwriters NNS I-NP
+. . O
+
+Proceeds NNS B-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+remodeling VBG B-NP
+and CC I-NP
+refurbishing VBG I-NP
+projects NNS I-NP
+, , B-PP
+as RB I-PP
+well RB I-PP
+as IN I-PP
+for IN B-PP
+the DT B-NP
+planned VBN I-NP
+MGM NNP I-NP
+Grand NNP I-NP
+hotel\/casino NN I-NP
+and CC I-NP
+theme NN I-NP
+park NN I-NP
+. . O
+
+Bob NNP B-NP
+Stone NNP I-NP
+stewed JJ B-VP
+over IN B-PP
+a DT B-NP
+letter NN I-NP
+from IN B-PP
+his PRP$ B-NP
+manager NN I-NP
+putting VBG B-VP
+him PRP B-NP
+on IN B-PP
+probation NN B-NP
+for IN B-PP
+insubordination NN B-NP
+. . O
+
+Mr. NNP B-NP
+Stone NNP I-NP
+thought VBD B-VP
+the DT B-NP
+discipline NN I-NP
+was VBD B-VP
+unfair JJ B-ADJP
+; : O
+he PRP B-NP
+believed VBD B-VP
+that IN B-SBAR
+his PRP$ B-NP
+manager NN I-NP
+wanted VBD B-VP
+to TO I-VP
+get VB I-VP
+rid JJ B-ADJP
+of IN B-PP
+him PRP B-NP
+for IN B-PP
+personal JJ B-NP
+reasons NNS I-NP
+. . O
+
+Unable JJ B-ADJP
+to TO B-VP
+persuade VB I-VP
+the DT B-NP
+manager NN I-NP
+to TO B-VP
+change VB I-VP
+his PRP$ B-NP
+decision NN I-NP
+, , O
+he PRP B-NP
+went VBD B-VP
+to TO B-PP
+a DT B-NP
+`` `` I-NP
+company NN I-NP
+court NN I-NP
+'' '' O
+for IN B-PP
+a DT B-NP
+hearing NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+scheduled VBN I-NP
+time NN I-NP
+, , O
+Mr. NNP B-NP
+Stone NNP I-NP
+entered VBD B-VP
+a DT B-NP
+conference NN I-NP
+room NN I-NP
+in IN B-PP
+a DT B-NP
+building NN I-NP
+near IN B-PP
+where WRB B-ADVP
+he PRP B-NP
+worked VBD B-VP
+. . O
+
+After IN B-SBAR
+the DT B-NP
+three CD I-NP
+members NNS I-NP
+of IN B-PP
+the DT B-NP
+court NN I-NP
+introduced VBD B-VP
+themselves PRP B-NP
+, , O
+the DT B-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+panel NN I-NP
+said VBD B-VP
+: : O
+`` `` O
+Go VB B-VP
+ahead RB B-ADVP
+and CC O
+tell VB B-VP
+us PRP B-NP
+what WP B-NP
+happened VBD B-VP
+. . O
+
+We PRP B-NP
+may MD B-VP
+ask VB I-VP
+questions NNS B-NP
+as IN B-SBAR
+you PRP B-NP
+go VBP B-VP
+along IN B-PRT
+, , O
+or CC O
+we PRP B-NP
+may MD B-VP
+wait VB I-VP
+until IN B-PP
+the DT B-NP
+end NN I-NP
+. . O
+'' '' O
+
+No DT B-NP
+lawyers NNS I-NP
+or CC I-NP
+tape NN I-NP
+recorders NNS I-NP
+were VBD B-VP
+present JJ B-ADJP
+. . O
+
+The DT B-NP
+only RB I-NP
+extra JJ I-NP
+people NNS I-NP
+were VBD B-VP
+a DT B-NP
+couple NN I-NP
+of IN B-PP
+personnel NNS B-NP
+specialists NNS I-NP
+, , O
+one CD B-NP
+of IN B-PP
+whom WP B-NP
+knew VBD B-VP
+Mr. NNP B-NP
+Stone NNP I-NP
+'s POS B-NP
+case NN I-NP
+intimately RB B-ADVP
+and CC O
+would MD B-VP
+help VB I-VP
+fill VB I-VP
+in IN B-PRT
+any DT B-NP
+facts NNS I-NP
+needed VBN B-VP
+to TO B-VP
+give VB I-VP
+the DT B-NP
+court NN I-NP
+the DT B-NP
+full JJ I-NP
+picture NN I-NP
+. . O
+
+Over IN B-PP
+a DT B-NP
+cup NN I-NP
+of IN B-PP
+coffee NN B-NP
+, , O
+Mr. NNP B-NP
+Stone NNP I-NP
+told VBD B-VP
+his PRP$ B-NP
+story NN I-NP
+. . O
+
+He PRP B-NP
+talked VBD B-VP
+about IN B-NP
+20 CD I-NP
+minutes NNS I-NP
+. . O
+
+When WRB B-ADVP
+he PRP B-NP
+was VBD B-VP
+through IN B-ADJP
+, , O
+the DT B-NP
+court NN I-NP
+members NNS I-NP
+asked VBD B-VP
+many JJ B-NP
+questions NNS I-NP
+, , O
+then RB B-ADVP
+the DT B-NP
+chairman NN I-NP
+said VBD B-VP
+they PRP B-NP
+would MD B-VP
+like VB I-VP
+to TO I-VP
+hear VB I-VP
+his PRP$ B-NP
+manager NN I-NP
+'s POS B-NP
+side NN I-NP
+and CC O
+talk VB B-VP
+to TO B-PP
+witnesses NNS B-NP
+. . O
+
+The DT B-NP
+chairman NN I-NP
+promised VBD B-VP
+Mr. NNP B-NP
+Stone NNP I-NP
+a DT B-NP
+decision NN I-NP
+within IN B-PP
+two CD B-NP
+weeks NNS I-NP
+. . O
+
+Bob NNP B-NP
+Stone NNP I-NP
+is VBZ B-VP
+a DT B-NP
+fictional JJ I-NP
+name NN I-NP
+, , O
+but CC O
+the DT B-NP
+incident NN I-NP
+described VBN B-VP
+is VBZ B-VP
+real JJ B-ADJP
+. . O
+
+It PRP B-NP
+happened VBD B-VP
+at IN B-PP
+Northrop NNP B-NP
+Corp. NNP I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+The DT B-NP
+court NN I-NP
+is VBZ B-VP
+called VBN I-VP
+the DT B-NP
+Management NNP I-NP
+Appeals NNP I-NP
+Committee NNP I-NP
+, , O
+or CC O
+just RB B-NP
+`` `` I-NP
+MAC NNP I-NP
+, , O
+'' '' O
+and CC O
+it PRP B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+hear VB I-VP
+a DT B-NP
+couple NN I-NP
+of IN I-NP
+dozen NN I-NP
+cases VBZ I-NP
+a DT B-NP
+year NN I-NP
+. . O
+
+Alter VB B-VP
+some DT B-NP
+details NNS I-NP
+of IN B-PP
+this DT B-NP
+example NN I-NP
+and CC O
+it PRP B-NP
+could MD B-VP
+be VB I-VP
+taking VBG I-VP
+place NN B-NP
+today NN B-ADVP
+at IN B-PP
+Federal NNP B-NP
+Express NNP I-NP
+in IN B-PP
+Memphis NNP B-NP
+, , O
+the DT B-NP
+Defense NNP I-NP
+and CC I-NP
+Underseas NNP I-NP
+Systems NNP I-NP
+divisions NNS I-NP
+of IN B-PP
+Honeywell NNP B-NP
+in IN B-PP
+Minneapolis NNP B-NP
+, , O
+a DT B-NP
+General NNP I-NP
+Electric NNP I-NP
+plant NN I-NP
+in IN B-PP
+Columbia NNP B-NP
+, , O
+Md. NNP B-NP
+, , O
+or CC O
+a DT B-NP
+number NN I-NP
+of IN B-PP
+other JJ B-NP
+companies NNS I-NP
+. . O
+
+These DT B-NP
+firms NNS I-NP
+are VBP B-VP
+pioneers NNS B-NP
+in IN B-PP
+a DT B-NP
+significant JJ I-NP
+new JJ I-NP
+trend NN I-NP
+in IN B-PP
+the DT B-NP
+corporate JJ I-NP
+world NN I-NP
+: : O
+the DT B-NP
+rise NN I-NP
+of IN B-PP
+what WP B-NP
+I PRP B-NP
+call VBP B-VP
+corporate JJ B-NP
+due JJ I-NP
+process NN I-NP
+. . O
+
+Although IN B-SBAR
+corporate JJ B-NP
+due JJ I-NP
+process NN I-NP
+is VBZ B-VP
+practiced VBN I-VP
+today NN B-NP
+in IN B-PP
+few JJ B-NP
+companies NNS I-NP
+-- : O
+perhaps RB B-ADVP
+40 CD B-NP
+to TO I-NP
+60 CD I-NP
+-- : O
+it PRP B-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+fastest JJS I-NP
+developing VBG I-NP
+trends NNS I-NP
+in IN B-PP
+industry NN B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+coming VBG I-NP
+decade NN I-NP
+a DT B-NP
+majority NN I-NP
+of IN B-PP
+people-oriented JJ B-NP
+companies NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+adopt VB I-VP
+it PRP B-NP
+. . O
+
+Corporate JJ B-NP
+due JJ I-NP
+process NN I-NP
+appeals NNS B-VP
+to TO B-PP
+management NN B-NP
+for IN B-PP
+a DT B-NP
+variety NN I-NP
+of IN B-PP
+reasons NNS B-NP
+. . O
+
+It PRP B-NP
+reduces VBZ B-VP
+lawsuits NNS B-NP
+from IN B-PP
+disgruntled JJ B-NP
+employees NNS I-NP
+and CC I-NP
+ex-employees NNS I-NP
+, , O
+with IN B-PP
+all DT B-NP
+that WDT B-NP
+means VBZ B-VP
+for IN B-PP
+reduced VBN B-NP
+legal JJ I-NP
+costs NNS I-NP
+and CC O
+better RBR B-NP
+public JJ I-NP
+relations NNS I-NP
+. . O
+
+It PRP B-NP
+helps VBZ B-VP
+to TO I-VP
+keep VB I-VP
+out IN B-PRT
+unions NNS B-NP
+. . O
+
+It PRP B-NP
+increases VBZ B-VP
+employee NN B-NP
+commitment NN I-NP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+, , O
+with IN B-PP
+all DT B-NP
+that WDT B-NP
+means VBZ B-VP
+for IN B-PP
+efficiency NN B-NP
+and CC O
+quality NN B-NP
+control NN I-NP
+. . O
+
+What WP B-NP
+must MD O
+your PRP$ B-NP
+management NN I-NP
+team NN I-NP
+do VBP B-VP
+to TO B-VP
+establish VB I-VP
+corporate JJ B-NP
+due JJ I-NP
+process NN I-NP
+? . O
+
+Here RB B-ADVP
+are VBP B-VP
+four CD B-NP
+key JJ I-NP
+steps NNS I-NP
+: : O
+
+1 CD B-LST
+. . O
+Make VB B-VP
+sure JJ B-ADJP
+you PRP B-NP
+have VBP B-VP
+a DT B-NP
+strong JJ I-NP
+personnel NNS I-NP
+department NN I-NP
+. . O
+
+It PRP B-NP
+must MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+handle VB I-VP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+complaints NNS I-NP
+that WDT B-NP
+can MD B-VP
+not RB I-VP
+be VB I-VP
+solved VBN I-VP
+in IN B-PP
+the DT B-NP
+trenches NNS I-NP
+by IN B-PP
+managers NNS B-NP
+and CC O
+their PRP$ B-NP
+subordinates NNS I-NP
+, , O
+else RB B-ADVP
+the DT B-NP
+company NN I-NP
+court NN I-NP
+or CC I-NP
+adjudicators NNS I-NP
+will MD B-VP
+be VB B-VP
+inundated VBN I-VP
+with IN B-PP
+cases NNS B-NP
+. . O
+
+At IN B-PP
+Polaroid NNP B-NP
+, , O
+the DT B-NP
+Personnel NNP I-NP
+Policy NNP I-NP
+Planning NNP I-NP
+Committee NNP I-NP
+may MD B-VP
+hear VB I-VP
+only RB B-NP
+about IN I-NP
+20 CD I-NP
+cases VBZ I-NP
+a DT B-NP
+year NN I-NP
+; : O
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+many JJ I-NP
+hundreds NNS I-NP
+of IN B-PP
+complaints NNS B-NP
+are VBP B-VP
+resolved VBN I-VP
+at IN B-PP
+earlier JJR B-NP
+stages NNS I-NP
+. . O
+
+At IN B-PP
+TWA NNP B-NP
+, , O
+the DT B-NP
+System NNP I-NP
+Board NNP I-NP
+of IN B-PP
+Adjustment NNP B-NP
+hears VBZ B-VP
+50 CD B-NP
+to TO I-NP
+75 CD I-NP
+cases VBZ I-NP
+a DT B-NP
+year NN I-NP
+, , O
+only RB B-NP
+a DT I-NP
+fraction NN I-NP
+of IN B-PP
+the DT B-NP
+complaints NNS I-NP
+brought VBN B-VP
+to TO B-PP
+personnel NNS B-NP
+specialists NNS I-NP
+. . O
+
+At IN B-PP
+Citicorp NNP B-NP
+, , O
+the DT B-NP
+Problem NNP I-NP
+Review NNP I-NP
+Board NNP I-NP
+may MD B-VP
+hear VB I-VP
+only RB B-NP
+12 CD I-NP
+or CC I-NP
+so RB I-NP
+cases VBZ I-NP
+because IN B-PP
+of IN I-PP
+personnel NNS B-NP
+'s POS B-NP
+skill NN I-NP
+in IN B-PP
+complaint-resolution NN B-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+typical JJ I-NP
+year NN I-NP
+, , O
+up IN B-NP
+to TO I-NP
+20 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+work NN I-NP
+force NN I-NP
+goes VBZ B-VP
+to TO B-PP
+personnel NNS B-NP
+specialists NNS I-NP
+with IN B-PP
+complaints NNS B-NP
+of IN B-PP
+unfair JJ B-NP
+treatment NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+large JJ I-NP
+company NN I-NP
+that WDT B-NP
+means VBZ B-VP
+many JJ B-NP
+hundreds NNS I-NP
+of IN B-PP
+complaints NNS B-NP
+for IN B-PP
+personnel NNS B-NP
+to TO B-VP
+handle VB I-VP
+. . O
+
+2 CD B-LST
+. . O
+Formally RB B-ADVP
+or CC I-ADVP
+informally RB I-ADVP
+, , O
+train NN B-VP
+all DT B-NP
+your PRP$ I-NP
+managers NNS I-NP
+and CC I-NP
+supervisors NNS I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+due-process NN I-NP
+approach NN I-NP
+. . O
+
+See VB B-VP
+that IN B-SBAR
+they PRP B-NP
+know VBP B-VP
+company NN B-NP
+personnel NNS I-NP
+policy NN I-NP
+backwards RB B-ADVP
+and CC I-ADVP
+forwards RB I-ADVP
+, , O
+for IN O
+it PRP B-NP
+is VBZ B-VP
+the DT B-NP
+`` `` I-NP
+law NN I-NP
+'' '' O
+governing VBG B-VP
+company NN B-NP
+courts NNS I-NP
+and CC I-NP
+adjudicators NNS I-NP
+. . O
+
+Coach NNP B-VP
+them PRP B-NP
+in IN B-PP
+handling NN B-VP
+complaints NNS B-NP
+so RB B-SBAR
+that IN I-SBAR
+they PRP B-NP
+can MD B-VP
+resolve VB I-VP
+problems NNS B-NP
+immediately RB B-ADVP
+. . O
+
+In IN B-SBAR
+case NN O
+managers NNS B-NP
+and CC O
+personnel NNS B-NP
+specialists NNS I-NP
+are VBP B-VP
+unsuccessful JJ B-ADJP
+and CC O
+subordinates NNS B-NP
+take VBP B-VP
+their PRP$ B-NP
+complaints NNS I-NP
+to TO B-PP
+a DT B-NP
+company NN I-NP
+court NN I-NP
+or CC I-NP
+adjudicator NN I-NP
+, , O
+teach VB B-VP
+managers NNS B-NP
+to TO B-VP
+accept VB I-VP
+reversals NNS B-NP
+as IN B-PP
+a DT B-NP
+fact NN I-NP
+of IN B-PP
+business NN B-NP
+life NN I-NP
+, , O
+for IN O
+in IN B-PP
+a DT B-NP
+good JJ I-NP
+due-process NN I-NP
+system NN I-NP
+they PRP B-NP
+are VBP B-VP
+bound VBN I-VP
+to TO I-VP
+happen VB I-VP
+. . O
+
+In IN B-PP
+the DT B-NP
+15 CD I-NP
+companies NNS I-NP
+I PRP B-NP
+studied VBD B-VP
+, , O
+reversal NN B-NP
+rates NNS I-NP
+range VBP B-VP
+on IN B-PP
+the DT B-NP
+average NN I-NP
+from IN B-PP
+20 CD B-NP
+% NN I-NP
+to TO B-PP
+40 CD B-NP
+% NN I-NP
+. . O
+
+3 CD B-LST
+. . O
+Decide VB B-VP
+whether IN O
+you PRP B-NP
+want VBP B-VP
+a DT B-NP
+panel NN I-NP
+system NN I-NP
+or CC O
+a DT B-NP
+single JJ I-NP
+adjudicator NN I-NP
+. . O
+
+A DT B-NP
+panel NN I-NP
+system NN I-NP
+like IN B-PP
+that DT B-NP
+in NN B-PP
+the DT B-NP
+Bob NNP I-NP
+Stone NNP I-NP
+example NN I-NP
+enjoys VBZ B-VP
+such JJ B-NP
+advantages NNS I-NP
+as IN B-PP
+high JJ B-NP
+credibility NN I-NP
+and CC O
+, , O
+for IN B-PP
+the DT B-NP
+panelists NNS I-NP
+, , O
+mutual JJ B-NP
+support NN I-NP
+. . O
+
+An DT B-NP
+adjudicator NN I-NP
+system NN I-NP
+-- : O
+that DT B-INTJ
+is VBZ I-INTJ
+, , O
+an DT B-NP
+investigator NN I-NP
+who WP B-NP
+acts VBZ B-VP
+first JJ B-ADVP
+as IN B-PP
+a DT B-NP
+fact-finder NN I-NP
+and CC O
+then RB O
+switches VBZ B-VP
+hats NNS B-NP
+and CC O
+arbitrates VBZ B-VP
+the DT B-NP
+facts NNS I-NP
+-- : O
+has VBZ B-VP
+such JJ B-NP
+advantages NNS I-NP
+as IN B-PP
+speed NN B-NP
+, , O
+flexibility NN B-NP
+and CC O
+maximum JJ B-NP
+privacy NN I-NP
+. . O
+
+International NNP B-NP
+Business NNP I-NP
+Machines NNPS I-NP
+and CC O
+Bank NNP B-NP
+of IN B-PP
+America NNP B-NP
+are VBP B-VP
+among IN B-PP
+the DT B-NP
+companies NNS I-NP
+using VBG B-VP
+the DT B-NP
+single-adjudicator JJ I-NP
+approach NN I-NP
+. . O
+
+4 CD B-LST
+. . O
+Make VB B-VP
+your PRP$ B-NP
+due-process NN I-NP
+system NN I-NP
+visible JJ B-ADJP
+. . O
+
+It PRP B-NP
+wo MD B-VP
+n't RB I-VP
+do VB I-VP
+any DT B-NP
+good NN I-NP
+for IN B-PP
+anybody NN B-NP
+unless IN B-SBAR
+employees NNS B-NP
+know VBP B-VP
+about IN B-PP
+it PRP B-NP
+. . O
+
+Most JJS B-NP
+managements NNS I-NP
+hesitate VBP B-VP
+to TO I-VP
+go VB I-VP
+all DT B-ADVP
+out NN I-ADVP
+in IN B-PP
+advertising VBG B-VP
+their PRP$ B-NP
+due-process NN I-NP
+systems NNS I-NP
+for IN B-PP
+fear NN B-NP
+of IN B-PP
+encouraging VBG B-VP
+cranks NNS B-NP
+and CC O
+chronic JJ B-NP
+soreheads NNS I-NP
+to TO B-VP
+file VB I-VP
+complaints NNS B-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+they PRP B-NP
+make VBP B-VP
+sure JJ B-ADJP
+at IN B-PP
+a DT B-NP
+minimum NN I-NP
+that IN B-SBAR
+their PRP$ B-NP
+systems NNS I-NP
+are VBP B-VP
+described VBN I-VP
+in IN B-PP
+their PRP$ B-NP
+employee NN I-NP
+handbooks NNS I-NP
+and CC O
+talked VBD B-VP
+up IN B-PRT
+by IN B-PP
+personnel NNS B-NP
+specialists NNS I-NP
+. . O
+
+Smith-Kline NNP B-NP
+Beecham NNP I-NP
+goes VBZ B-VP
+further JJ B-ADVP
+and CC O
+sometimes RB B-VP
+features VBZ I-VP
+its PRP$ B-NP
+grievance NN I-NP
+procedure NN I-NP
+in IN B-PP
+closed-circuit JJ B-NP
+TV NN I-NP
+programs NNS I-NP
+. . O
+
+Naturally RB B-ADVP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+best JJS I-NP
+ways NNS I-NP
+to TO B-VP
+guarantee VB I-VP
+visibility NN B-NP
+for IN B-PP
+your PRP$ B-NP
+due-process NN I-NP
+system NN I-NP
+is VBZ B-VP
+for IN B-SBAR
+top JJ B-NP
+management NN I-NP
+to TO B-VP
+support VB I-VP
+it PRP B-NP
+. . O
+
+At IN B-PP
+IBM NNP B-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+Open NNP I-NP
+Door NNP I-NP
+system NN I-NP
+is VBZ B-VP
+sometimes RB B-ADVP
+the DT B-NP
+subject NN I-NP
+of IN B-PP
+memorandums NNS B-NP
+from IN B-PP
+the DT B-NP
+chief JJ I-NP
+executive NN I-NP
+. . O
+
+Federal NNP B-NP
+Express NNP I-NP
+goes VBZ B-VP
+further JJ B-ADVP
+in IN B-PP
+this DT B-NP
+respect NN I-NP
+than IN B-PP
+any DT B-NP
+company NN I-NP
+I PRP B-NP
+know VBP B-VP
+of IN B-PP
+with IN B-PP
+both DT B-NP
+Frederick NNP B-NP
+Smith NNP I-NP
+and CC O
+James NNP B-NP
+Barksdale NNP I-NP
+, , O
+chief JJ B-NP
+executive NN I-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+, , O
+respectively RB B-ADVP
+, , O
+sitting VBG B-VP
+in IN B-PRT
+on IN B-PP
+the DT B-NP
+Appeals NNP I-NP
+Board NNP I-NP
+almost RB B-NP
+every DT I-NP
+Tuesday NNP I-NP
+to TO B-VP
+decide VB I-VP
+cases NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Ewing NNP I-NP
+is VBZ B-VP
+a DT B-NP
+consultant NN I-NP
+based VBN B-VP
+in IN B-PP
+Winchester NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+and CC O
+author NN B-NP
+of IN B-PP
+`` `` O
+Justice NNP B-NP
+on IN B-PP
+the DT B-NP
+Job NNP I-NP
+: : O
+Resolving NNP B-VP
+Grievances NNP B-NP
+in IN B-PP
+the DT B-NP
+Nonunion NNP I-NP
+Workplace NN I-NP
+'' '' O
+-LRB- ( O
+Harvard NNP B-NP
+Business NNP I-NP
+School NNP I-NP
+Press NNP I-NP
+, , O
+1989 CD B-NP
+-RRB- ) O
+. . O
+
+Tokyo NNP B-NP
+stocks NNS I-NP
+closed VBD B-VP
+higher JJR B-ADVP
+in IN B-PP
+active JJ B-NP
+trading NN I-NP
+Friday NNP B-NP
+, , O
+marking VBG B-VP
+the DT B-NP
+fourth JJ I-NP
+consecutive JJ I-NP
+daily JJ I-NP
+gain NN I-NP
+since IN B-PP
+Monday NNP B-NP
+'s POS B-NP
+sharp JJ I-NP
+fall NN I-NP
+. . O
+
+London JJ B-NP
+shares NNS I-NP
+closed VBD B-VP
+moderately RB B-ADVP
+lower JJR I-ADVP
+in IN B-PP
+thin JJ B-NP
+trading NN I-NP
+. . O
+
+At IN B-PP
+Tokyo NNP B-NP
+, , O
+the DT B-NP
+Nikkei NNP I-NP
+index NN I-NP
+of IN B-PP
+225 CD B-NP
+selected VBN I-NP
+issues NNS I-NP
+was VBD B-VP
+up IN B-ADVP
+112.16 CD B-NP
+points NNS I-NP
+to TO B-PP
+35486.38 CD B-NP
+. . O
+
+The DT B-NP
+index NN I-NP
+advanced VBD B-VP
+266.66 CD B-NP
+points NNS I-NP
+Thursday NNP B-NP
+. . O
+
+In IN B-PP
+early JJ B-NP
+trading NN I-NP
+in IN B-PP
+Tokyo NNP B-NP
+Monday NNP B-NP
+, , O
+the DT B-NP
+Nikkei NNP I-NP
+index NN I-NP
+rose VBD B-VP
+101.98 CD B-NP
+points NNS I-NP
+to TO B-PP
+35588.36 CD B-NP
+. . O
+
+Friday NNP B-NP
+'s POS B-NP
+volume NN I-NP
+on IN B-PP
+the DT B-NP
+First NNP I-NP
+Section NN I-NP
+was VBD B-VP
+estimated VBN I-VP
+at IN B-PP
+one CD B-NP
+billion CD I-NP
+shares NNS I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+862 CD B-NP
+million CD I-NP
+Thursday NNP B-NP
+. . O
+
+Winners NNS B-NP
+outpaced VBD B-VP
+losers NNS B-NP
+, , O
+572 CD B-ADVP
+to TO I-ADVP
+368 CD I-ADVP
+, , O
+while IN B-SBAR
+181 CD B-NP
+issues NNS I-NP
+remained VBD B-VP
+unchanged JJ B-ADJP
+. . O
+
+With IN B-SBAR
+investors NNS B-NP
+relieved VBN B-ADJP
+at IN B-PP
+the DT B-NP
+overnight JJ I-NP
+gain NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+stocks NNS I-NP
+, , O
+small-lot JJ B-NP
+buying NN I-NP
+orders NNS I-NP
+streamed VBD B-VP
+into IN B-PP
+the DT B-NP
+market NN I-NP
+from IN B-PP
+early JJ B-NP
+morning NN I-NP
+, , O
+making VBG B-VP
+traders NNS B-NP
+believe VBP B-VP
+the DT B-NP
+market NN I-NP
+was VBD B-VP
+back RB B-ADVP
+to TO B-PP
+normal JJ B-NP
+. . O
+
+The DT B-NP
+Nikkei NNP I-NP
+, , O
+which WDT B-NP
+reached VBD B-VP
+as RB B-ADJP
+high JJ I-ADJP
+as IN B-PP
+35611.38 CD B-NP
+right NN B-ADVP
+after IN B-PP
+the DT B-NP
+opening NN I-NP
+, , O
+surrendered VBD B-VP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+early JJ I-NP
+advance NN I-NP
+toward IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+day NN I-NP
+because IN B-PP
+of IN I-PP
+profit-taking NN B-NP
+. . O
+
+`` `` O
+Investors NNS B-NP
+, , B-NP
+especially RB I-NP
+dealers NNS B-NP
+, , O
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+hold VB I-VP
+a DT B-NP
+position NN I-NP
+over IN B-PP
+the DT B-NP
+weekend NN I-NP
+, , O
+'' '' O
+a DT B-NP
+trader NN I-NP
+at IN B-PP
+Dai-ichi NNP B-NP
+Securities NNP I-NP
+said VBD B-VP
+, , O
+adding VBG B-VP
+, , O
+though RB B-ADVP
+, , O
+that IN B-SBAR
+the DT B-NP
+trading NN I-NP
+mood NN I-NP
+remained VBD B-VP
+positive JJ B-ADJP
+through IN B-PP
+the DT B-NP
+afternoon NN I-NP
+session NN I-NP
+. . O
+
+The DT B-NP
+Tokyo NNP I-NP
+Stock NNP I-NP
+Price NNP I-NP
+Index NNP I-NP
+-LRB- ( O
+Topix NNP B-NP
+-RRB- ) O
+of IN B-PP
+all DT B-NP
+issues NNS I-NP
+listed VBN B-VP
+in IN B-PP
+the DT B-NP
+First NNP I-NP
+Section NN I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+22.78 CD B-NP
+points NNS I-NP
+Thursday NNP B-NP
+, , O
+was VBD B-VP
+up IN B-ADVP
+14.06 CD B-NP
+points NNS I-NP
+, , O
+or CC O
+0.53 CD B-NP
+% NN I-NP
+, , O
+at IN B-PP
+2679.72 CD B-NP
+. . O
+
+The DT B-NP
+Second JJ I-NP
+Section NN I-NP
+index NN I-NP
+, , O
+which WDT B-NP
+rose VBD B-VP
+15.72 CD B-NP
+points NNS I-NP
+Thursday NNP B-NP
+, , O
+was VBD B-VP
+up IN B-ADVP
+11.88 CD B-NP
+points NNS I-NP
+, , O
+or CC O
+0.32 CD B-NP
+% NN I-NP
+, , O
+to TO B-VP
+close VB I-VP
+at IN B-PP
+3717.46 CD B-NP
+. . O
+
+Volume NN B-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+section NN I-NP
+was VBD B-VP
+estimated VBN I-VP
+at IN B-PP
+30 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+28 CD B-NP
+million CD I-NP
+Thursday NNP B-NP
+. . O
+
+In IN B-PP
+turmoil NN B-NP
+caused VBN B-VP
+by IN B-PP
+the DT O
+previous JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+plunge NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+stocks NNS I-NP
+, , O
+the DT B-NP
+Nikkei NNP I-NP
+marked VBD B-VP
+a DT B-NP
+sharp JJ I-NP
+647.33-point JJ I-NP
+fall NN I-NP
+Monday NNP B-NP
+. . O
+
+But CC O
+the DT B-NP
+Nikkei NNP I-NP
+fell VBD B-VP
+an DT B-NP
+overall JJ I-NP
+1.8 CD I-NP
+% NN I-NP
+in IN B-PP
+value NN B-NP
+that DT B-NP
+day NN I-NP
+compared VBN B-PP
+with IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+'s POS I-NP
+far RB B-ADJP
+sharper JJR I-ADJP
+6.9 CD B-ADJP
+% NN I-ADJP
+drop NN B-NP
+on IN B-PP
+Oct. NNP B-NP
+13 CD I-NP
+. . O
+
+The DT B-NP
+Tokyo NNP I-NP
+market NN I-NP
+'s POS B-NP
+resiliency NN I-NP
+helped VBD B-VP
+participants NNS B-NP
+to TO B-VP
+regain VB I-VP
+confidence NN B-NP
+gradually RB B-ADVP
+as IN B-SBAR
+they PRP B-NP
+spent VBD B-VP
+more JJR B-NP
+time NN I-NP
+on IN B-PP
+analyzing VBG B-VP
+factors NNS B-NP
+that WDT B-NP
+caused VBD B-VP
+the DT B-NP
+Friday NNP I-NP
+plunge NN I-NP
+and CC O
+realized VBD B-VP
+these DT B-NP
+problems NNS I-NP
+were VBD B-VP
+unique JJ B-ADJP
+to TO B-PP
+New NNP B-NP
+York NNP I-NP
+stocks NNS I-NP
+and CC B-ADJP
+not RB I-ADJP
+directly RB B-ADJP
+related VBN I-ADJP
+to TO B-PP
+Tokyo NNP B-NP
+. . O
+
+The DT B-NP
+Nikkei NNP I-NP
+continued VBD B-VP
+to TO I-VP
+gain VB I-VP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+week NN I-NP
+, , O
+adding VBG B-VP
+1017.69 CD B-NP
+points NNS I-NP
+in IN B-PP
+four CD B-NP
+days NNS I-NP
+-- : O
+more JJR B-VP
+than IN I-VP
+erasing VBG I-VP
+Monday NNP B-NP
+'s POS B-NP
+losses NNS I-NP
+. . O
+
+But CC O
+further JJ B-NP
+major JJ I-NP
+advances NNS I-NP
+on IN B-PP
+the DT B-NP
+Nikkei NNP I-NP
+are VBP B-VP
+n't RB I-VP
+foreseen VBN I-VP
+this DT B-NP
+week NN I-NP
+by IN B-PP
+market NN B-NP
+observers NNS I-NP
+. . O
+
+Investors NNS B-NP
+are VBP B-VP
+still RB I-VP
+waiting VBG I-VP
+to TO I-VP
+see VB I-VP
+how WRB B-ADVP
+the DT B-NP
+U.S. NNP I-NP
+government NN I-NP
+will MD B-VP
+decide VB I-VP
+on IN B-PP
+interest NN B-NP
+rates NNS I-NP
+and CC O
+how WRB B-ADVP
+the DT B-NP
+dollar NN I-NP
+will MD B-VP
+be VB I-VP
+stabilized VBN I-VP
+. . O
+
+Some DT B-NP
+high-priced JJ I-NP
+issues NNS I-NP
+made VBD B-VP
+a DT B-NP
+comeback NN I-NP
+Friday NNP B-NP
+. . O
+
+Pioneer NNP B-NP
+surged VBD B-VP
+450 CD B-NP
+yen NN I-NP
+-LRB- ( O
+$ $ B-NP
+3.16 CD I-NP
+-RRB- ) O
+to TO B-PP
+6,050 CD B-NP
+yen NN I-NP
+-LRB- ( O
+$ $ B-NP
+42.60 CD I-NP
+-RRB- ) O
+. . O
+
+Kyocera NNP B-NP
+advanced VBD B-VP
+80 CD B-NP
+yen NN I-NP
+to TO B-PP
+5,440 CD B-NP
+. . O
+
+Fanuc NNP B-NP
+gained VBD B-VP
+100 CD B-NP
+to TO B-PP
+7,580 CD B-NP
+. . O
+
+Breweries NNP B-NP
+attracted VBD B-VP
+investors NNS B-NP
+because IN B-PP
+of IN I-PP
+their PRP$ B-NP
+land NN I-NP
+property NN I-NP
+holdings NNS I-NP
+that WDT B-NP
+could MD B-VP
+figure VB I-VP
+in IN B-PP
+development NN B-NP
+or CC O
+other JJ B-NP
+plans NNS I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Sapporo NNP B-NP
+gained VBD B-VP
+80 CD B-NP
+to TO B-PP
+1,920 CD B-NP
+and CC O
+Kirin NNP B-NP
+added VBD B-VP
+60 CD B-NP
+to TO B-PP
+2,070 CD B-NP
+. . O
+
+Housings NNS B-NP
+, , I-NP
+constructions NNS I-NP
+and CC I-NP
+pharmaceuticals NNS I-NP
+continued VBD B-VP
+to TO I-VP
+be VB I-VP
+bought VBN I-VP
+following VBG B-PP
+Thursday NNP B-NP
+'s POS B-NP
+gains NNS I-NP
+because IN B-PP
+of IN I-PP
+strong JJ B-NP
+earnings NNS I-NP
+outlooks NNS I-NP
+. . O
+
+Daiwa NNP B-NP
+House NNP I-NP
+gained VBD B-VP
+50 CD B-NP
+to TO B-PP
+2,660 CD B-NP
+. . O
+
+Misawa NNP B-NP
+Homes NNP I-NP
+was VBD B-VP
+up IN B-ADVP
+20 CD B-NP
+at IN B-PP
+2,960 CD B-NP
+. . O
+
+Kajima NNP B-NP
+advanced VBD B-VP
+40 CD B-NP
+to TO B-PP
+2,120 CD B-NP
+and CC O
+Ohbayashi NNP B-NP
+added VBD B-VP
+50 CD B-NP
+to TO B-PP
+1,730 CD B-NP
+. . O
+
+Fujisawa NNP B-NP
+added VBD B-VP
+80 CD B-NP
+to TO B-PP
+2,010 CD B-NP
+and CC O
+Mochida NNP B-NP
+advanced VBD B-VP
+230 CD B-NP
+to TO B-PP
+4,400 CD B-NP
+. . O
+
+London JJ B-NP
+share NN I-NP
+prices NNS I-NP
+were VBD B-VP
+influenced VBN I-VP
+largely RB B-ADVP
+by IN B-PP
+declines NNS B-NP
+on IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+and CC O
+weakness NN B-NP
+in IN B-PP
+the DT B-NP
+British JJ I-NP
+pound NN I-NP
+. . O
+
+The DT B-NP
+key JJ I-NP
+Financial NNP I-NP
+Times-Stock NNP I-NP
+Exchange NNP I-NP
+100-share JJ I-NP
+index NN I-NP
+ended VBD B-VP
+10.2 CD B-NP
+points NNS I-NP
+lower JJR B-ADVP
+at IN B-PP
+2179.1 CD B-NP
+, , O
+above IN B-ADVP
+its PRP$ B-NP
+intraday JJ I-NP
+low NN I-NP
+of IN B-PP
+2176.9 CD B-NP
+, , B-ADVP
+but CC I-ADVP
+off IN B-ADVP
+the DT B-NP
+day NN I-NP
+'s POS I-NP
+high NN B-NP
+of IN B-PP
+2189 CD B-NP
+. . O
+
+The DT B-NP
+index NN I-NP
+finished VBD B-VP
+2.4 CD B-NP
+% NN I-NP
+under IN B-PP
+its PRP$ B-NP
+close NN I-NP
+of IN B-PP
+2233.9 CD B-NP
+the DT B-NP
+previous JJ I-NP
+Friday NNP I-NP
+, , O
+although IN B-SBAR
+it PRP B-NP
+recouped VBD B-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+sharp JJ I-NP
+losses NNS I-NP
+staged VBD B-VP
+early JJ B-NP
+last JJ I-NP
+week NN I-NP
+on IN B-PP
+the DT B-NP
+back RB I-NP
+of IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+'s POS B-NP
+fall NN I-NP
+. . O
+
+London NNP B-NP
+was VBD B-VP
+weak JJ B-ADJP
+throughout IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+trading NN I-NP
+, , O
+however RB B-ADVP
+, , O
+on IN B-PP
+what WP B-NP
+dealers NNS B-NP
+attributed VBD B-VP
+to TO B-PP
+generally RB B-NP
+thin JJ I-NP
+interest NN I-NP
+ahead RB B-ADVP
+of IN B-PP
+the DT B-NP
+weekend NN I-NP
+and CC O
+this DT B-NP
+week NN I-NP
+'s POS I-NP
+potentially RB B-ADJP
+important JJ I-ADJP
+U.K. NNP B-NP
+trade NN I-NP
+figures NNS I-NP
+for IN B-PP
+September NNP B-NP
+. . O
+
+The DT B-NP
+FT-SE NNP I-NP
+100 CD I-NP
+largely RB B-ADVP
+remained VBD B-VP
+within IN B-PP
+an DT B-NP
+11-point JJ I-NP
+range NN I-NP
+establshed VBN B-VP
+within IN B-PP
+the DT B-NP
+first JJ I-NP
+hour NN I-NP
+of IN B-PP
+trading NN B-NP
+before IN B-PP
+it PRP B-NP
+eased VBD B-VP
+to TO B-PP
+an DT B-NP
+intraday JJ I-NP
+low JJ I-NP
+late RB B-ADVP
+in IN B-PP
+the DT B-NP
+session NN I-NP
+when WRB B-ADVP
+a DT B-NP
+flurry NN I-NP
+of IN B-PP
+program NN B-NP
+selling VBG I-NP
+pushed VBN B-VP
+Wall NNP B-NP
+Street NNP I-NP
+lower JJR B-ADVP
+. . O
+
+The DT B-NP
+FT NNP I-NP
+30-share JJ I-NP
+index NN I-NP
+closed VBD B-VP
+11.0 CD B-NP
+points NNS I-NP
+lower JJR B-ADVP
+at IN B-PP
+1761.0 CD B-NP
+. . O
+
+Volume NN B-NP
+was VBD B-VP
+extremely RB B-ADJP
+thin JJ I-ADJP
+at IN B-PP
+351.3 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+the DT B-NP
+lightest JJS I-NP
+volume NN I-NP
+of IN B-PP
+the DT B-NP
+week NN I-NP
+and CC O
+modestly RB B-ADVP
+under IN B-PP
+Thursday NNP B-NP
+'s POS B-NP
+387.4 CD I-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+the DT B-NP
+day NN I-NP
+'s POS B-NP
+action NN I-NP
+was VBD B-VP
+featureless JJ B-ADJP
+outside IN B-PP
+some DT B-NP
+response NN I-NP
+to TO B-PP
+sterling NN B-NP
+'s POS B-NP
+early JJ I-NP
+weakness NN I-NP
+against IN B-PP
+the DT B-NP
+mark NN I-NP
+, , O
+and CC O
+fears NNS B-NP
+that IN B-SBAR
+Wall NNP B-NP
+Street NNP I-NP
+might MD B-VP
+open RB I-VP
+lower JJR B-ADVP
+after IN B-PP
+its PRP$ B-NP
+strong JJ I-NP
+leap NN I-NP
+forward RB B-ADVP
+Thursday NNP B-NP
+. . O
+
+They PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+market-makers NNS B-NP
+were VBD B-VP
+largely RB I-VP
+sidelined VBN I-VP
+after IN B-PP
+aggressively RB B-VP
+supporting VBG I-VP
+the DT B-NP
+market NN I-NP
+Thursday NNP B-NP
+in IN B-PP
+their PRP$ B-NP
+quest NN I-NP
+to TO B-VP
+cover VB I-VP
+internal JJ B-NP
+shortages NNS I-NP
+of IN B-PP
+FT-SE NNP B-NP
+100 CD I-NP
+shares NNS I-NP
+. . O
+
+Interest NN B-NP
+may MD B-VP
+remain VB I-VP
+limited JJ B-ADJP
+into IN B-PP
+tomorrow NN B-NP
+'s POS B-NP
+U.K. NNP I-NP
+trade NN I-NP
+figures NNS I-NP
+, , O
+which WDT B-NP
+the DT B-NP
+market NN I-NP
+will MD B-VP
+be VB I-VP
+watching VBG I-VP
+closely RB B-ADVP
+to TO B-VP
+see VB I-VP
+if IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+any DT B-NP
+improvement NN I-NP
+after IN B-PP
+disappointing JJ B-NP
+numbers NNS I-NP
+in IN B-PP
+the DT B-NP
+previous JJ I-NP
+two CD I-NP
+months NNS I-NP
+. . O
+
+The DT B-NP
+key JJ I-NP
+corporate JJ I-NP
+news NN I-NP
+of IN B-PP
+the DT B-NP
+day NN I-NP
+was VBD B-VP
+that IN B-SBAR
+British JJ B-NP
+Airways NNPS I-NP
+decided VBD B-VP
+to TO I-VP
+withdraw VB I-VP
+from IN B-PP
+a DT B-NP
+management-led JJ I-NP
+bid NN I-NP
+for IN B-PP
+UAL NNP B-NP
+Corp. NNP I-NP
+, , O
+the DT B-NP
+parent NN I-NP
+of IN B-PP
+United NNP B-NP
+Airlines NNPS I-NP
+. . O
+
+British JJ B-NP
+Airways NNPS I-NP
+rose VBD B-VP
+initially RB B-ADVP
+after IN B-PP
+announcing VBG B-VP
+its PRP$ B-NP
+withdrawal NN I-NP
+from IN B-PP
+the DT B-NP
+UAL NNP I-NP
+deal NN I-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+they PRP B-NP
+viewed VBD B-VP
+the DT O
+initial JJ O
+# # O
+390-million CD O
+-LRB- ( O
+$ $ B-ADJP
+622 CD O
+million CD O
+-RRB- ) O
+outlay NN B-NP
+for IN B-PP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+airline NN I-NP
+as IN B-PP
+a DT B-NP
+bit NN I-NP
+much JJ I-NP
+. . O
+
+Its PRP$ B-NP
+shares NNS I-NP
+slid VBD B-VP
+in IN B-PP
+late JJ B-NP
+dealings NNS I-NP
+to TO B-VP
+close VB I-VP
+a DT B-NP
+penny NN I-NP
+per IN B-PP
+share NN B-NP
+lower JJR B-ADVP
+at IN B-PP
+197 CD B-NP
+pence NN I-NP
+. . O
+
+The DT B-NP
+airline NN I-NP
+was VBD B-VP
+the DT B-NP
+most RBS I-NP
+active JJ I-NP
+FT-SE NNP I-NP
+100 CD I-NP
+at IN B-PP
+8.2 CD B-NP
+million CD I-NP
+shares NNS I-NP
+traded VBN B-VP
+. . O
+
+The DT B-NP
+next JJ I-NP
+most RBS I-NP
+active JJ I-NP
+top-tier JJ I-NP
+stock NN I-NP
+was VBD B-VP
+B.A.T NNP B-NP
+Industries NNPS I-NP
+, , O
+the DT B-NP
+target NN I-NP
+of IN B-PP
+Sir NNP B-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+'s POS B-NP
+# # B-ADJP
+13.4 CD O
+billion CD O
+bid NN B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+gained VBD B-VP
+shareholder NN B-NP
+approval NN I-NP
+Thursday NNP B-NP
+to TO B-VP
+restructure VB I-VP
+in IN B-PP
+a DT B-NP
+bid NN I-NP
+to TO B-VP
+fend VB I-VP
+off IN B-PRT
+the DT B-NP
+hostile JJ I-NP
+takeover NN I-NP
+. . O
+
+Sir NNP B-NP
+James NNP I-NP
+said VBD B-VP
+Thursday NNP B-NP
+night NN I-NP
+that IN B-SBAR
+his PRP$ B-NP
+plans NNS I-NP
+for IN B-PP
+the DT B-NP
+takeover NN I-NP
+had VBD B-VP
+n't RB I-VP
+changed VBN I-VP
+. . O
+
+B.A.T NNP B-NP
+ended VBD B-VP
+the DT B-NP
+day NN I-NP
+at IN B-PP
+778 CD B-NP
+, , O
+down JJ B-ADVP
+5 NN B-NP
+, , O
+on IN B-PP
+turnover NN B-NP
+of IN B-PP
+7.5 CD B-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+hit VBN I-VP
+by IN B-PP
+some DT B-NP
+profit-taking NN I-NP
+after IN B-PP
+gains NNS B-NP
+since IN B-PP
+mid-week NN B-NP
+. . O
+
+In IN B-PP
+other JJ B-NP
+active JJ I-NP
+shares NNS I-NP
+, , O
+Trusthouse NNP B-NP
+Forte NNP I-NP
+shed VB B-VP
+10 CD B-NP
+to TO B-PP
+294 CD B-NP
+on IN B-PP
+volume NN B-NP
+of IN B-PP
+6.4 CD B-NP
+million CD I-NP
+shares NNS I-NP
+after IN B-PP
+a DT B-NP
+Barclays NNP I-NP
+De NNP I-NP
+Zoete NNP I-NP
+Wedd NNP I-NP
+downgrading NN I-NP
+, , O
+while IN B-SBAR
+Hillsdown NNP B-NP
+Holdings NNP I-NP
+, , O
+a DT B-NP
+food NN I-NP
+products NNS I-NP
+concern VBP I-NP
+, , O
+was VBD B-VP
+boosted VBN I-VP
+2 CD B-NP
+to TO B-PP
+271 CD B-NP
+after IN O
+it PRP B-NP
+disclosed VBD B-VP
+it PRP B-NP
+would MD B-VP
+seek VB I-VP
+shareholder NN B-NP
+approval NN I-NP
+to TO B-VP
+begin VB I-VP
+share NN B-NP
+repurchases NNS I-NP
+. . O
+
+Elsewhere RB B-ADVP
+in IN B-PP
+Europe NNP B-NP
+, , O
+share NN B-NP
+prices NNS I-NP
+closed VBD B-VP
+higher JJR B-ADVP
+in IN B-PP
+Stockholm NNP B-NP
+, , I-NP
+Brussels NNP I-NP
+and CC I-NP
+Milan NNP I-NP
+. . O
+
+Prices NNS B-NP
+were VBD B-VP
+lower JJR B-ADJP
+in IN B-PP
+Frankfurt NNP B-NP
+, , I-NP
+Zurich NNP I-NP
+, , I-NP
+Paris NNP I-NP
+and CC I-NP
+Amsterdam NNP I-NP
+. . O
+
+South JJ B-NP
+African JJ I-NP
+gold NN I-NP
+stocks NNS I-NP
+closed VBD B-VP
+moderately RB B-ADVP
+lower JJR I-ADVP
+. . O
+
+Share NN B-NP
+prices NNS I-NP
+closed VBD B-VP
+higher JJR B-ADVP
+in IN B-PP
+Sydney NNP B-NP
+, , O
+Taipei NNP B-NP
+, , O
+Wellington NNP B-NP
+, , O
+Manila NNP B-NP
+, , O
+Hong NNP B-NP
+Kong NNP I-NP
+and CC O
+Singapore NNP B-NP
+and CC O
+were VBD B-VP
+lower JJR B-ADJP
+in IN B-PP
+Seoul NNP B-NP
+. . O
+
+Here RB B-ADVP
+are VBP B-VP
+price NN B-NP
+trends NNS I-NP
+on IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+major JJ I-NP
+stock NN I-NP
+markets NNS I-NP
+, , O
+as IN B-SBAR
+calculated VBN B-VP
+by IN B-PP
+Morgan NNP B-NP
+Stanley NNP I-NP
+Capital NNP I-NP
+International NNP I-NP
+Perspective NNP I-NP
+, , O
+Geneva NNP B-NP
+. . O
+
+To TO B-VP
+make VB I-VP
+them PRP B-NP
+directly RB B-ADJP
+comparable JJ I-ADJP
+, , O
+each DT B-NP
+index NN I-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+1969 CD B-NP
+equaling VBG B-VP
+100 CD B-NP
+. . O
+
+The DT B-NP
+percentage NN I-NP
+change NN I-NP
+is VBZ B-VP
+since IN B-PP
+year-end NN B-NP
+. . O
+
+The DT B-NP
+U.S. NNP I-NP
+is VBZ B-VP
+required VBN I-VP
+to TO I-VP
+notify VB I-VP
+foreign JJ B-NP
+dictators NNS I-NP
+if IN B-SBAR
+it PRP B-NP
+knows VBZ B-VP
+of IN B-PP
+coup NN B-NP
+plans NNS I-NP
+likely JJ B-ADJP
+to TO B-VP
+endanger VB I-VP
+their PRP$ B-NP
+lives NNS I-NP
+, , O
+government NN B-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+notification NN I-NP
+policy NN I-NP
+was VBD B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+set NN I-NP
+of IN B-PP
+guidelines NNS B-NP
+on IN B-PP
+handling NN B-VP
+coups NNS B-NP
+outlined VBN B-VP
+in IN B-PP
+a DT B-NP
+secret JJ I-NP
+1988 CD I-NP
+exchange NN I-NP
+of IN B-PP
+letters NNS B-NP
+between IN B-PP
+the DT B-NP
+Reagan NNP I-NP
+administration NN I-NP
+and CC O
+the DT B-NP
+Senate NNP I-NP
+Intelligence NNP I-NP
+Committee NNP I-NP
+. . O
+
+The DT B-NP
+existence NN I-NP
+of IN B-PP
+the DT B-NP
+guidelines NNS I-NP
+has VBZ B-VP
+become VBN I-VP
+known VBN I-VP
+since IN B-SBAR
+President NNP B-NP
+Bush NNP I-NP
+disclosed VBD B-VP
+them PRP B-NP
+privately RB B-ADVP
+to TO B-PP
+seven CD B-NP
+Republican NNP I-NP
+senators NNS I-NP
+at IN B-PP
+a DT B-NP
+White NNP I-NP
+House NNP I-NP
+meeting NN I-NP
+last JJ B-NP
+Monday NNP I-NP
+. . O
+
+Officials NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+meeting NN I-NP
+said VBD B-VP
+Mr. NNP B-NP
+Bush NNP I-NP
+cited VBD B-VP
+the DT B-NP
+policy NN I-NP
+as IN B-PP
+an DT B-NP
+example NN I-NP
+of IN B-PP
+the DT B-NP
+sort NN I-NP
+of IN B-PP
+congressional JJ B-NP
+requirements NNS I-NP
+the DT B-NP
+administration NN I-NP
+contends VBZ B-VP
+contribute VB B-VP
+to TO B-PP
+the DT B-NP
+failure NN I-NP
+of IN B-PP
+such JJ B-NP
+covert JJ I-NP
+actions NNS I-NP
+as IN B-PP
+this DT B-NP
+month NN I-NP
+'s POS B-NP
+futile JJ I-NP
+effort NN I-NP
+to TO B-VP
+oust VB I-VP
+Panamanian JJ B-NP
+dictator NN I-NP
+Manuel NNP I-NP
+Noriega NNP I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+the DT B-NP
+officials NNS I-NP
+, , O
+Mr. NNP B-NP
+Bush NNP I-NP
+even RB B-ADVP
+read VB B-VP
+to TO B-PP
+the DT B-NP
+senators NNS I-NP
+selections NNS B-NP
+from IN B-PP
+a DT B-NP
+highly RB I-NP
+classified VBN I-NP
+letter NN I-NP
+from IN B-PP
+the DT B-NP
+committee NN I-NP
+to TO B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+discussing VBG B-VP
+the DT B-NP
+guidelines NNS I-NP
+. . O
+
+They PRP B-NP
+said VBD B-VP
+the DT B-NP
+president NN I-NP
+conceded VBD B-VP
+the DT B-NP
+notification NN I-NP
+requirement NN I-NP
+did VBD B-VP
+n't RB I-VP
+affect VB I-VP
+his PRP$ B-NP
+decision NN I-NP
+to TO B-VP
+lend VB I-VP
+only RB B-NP
+minor JJ I-NP
+support NN I-NP
+to TO B-PP
+this DT B-NP
+month NN I-NP
+'s POS B-NP
+Panama NNP I-NP
+coup NN I-NP
+effort NN I-NP
+. . O
+
+No DT B-NP
+notification NN I-NP
+was VBD B-VP
+ever RB I-VP
+considered VBN I-VP
+, , O
+officials NNS B-NP
+said VBD B-VP
+, , O
+apparently RB B-ADVP
+because IN B-SBAR
+the DT B-NP
+U.S. NNP I-NP
+did VBD B-VP
+n't RB I-VP
+think VB I-VP
+the DT B-NP
+coup NN I-NP
+plotters NNS I-NP
+intended VBN B-VP
+to TO I-VP
+kill VB I-VP
+Mr. NNP B-NP
+Noriega NNP I-NP
+, , O
+but CC O
+merely RB B-VP
+sought VBD I-VP
+to TO I-VP
+imprison VB I-VP
+him PRP B-NP
+. . O
+
+What WP B-NP
+'s VBZ B-VP
+more JJR B-NP
+, , O
+both DT B-NP
+administration NN B-NP
+and CC O
+congressional JJ B-NP
+officials NNS I-NP
+hint VBP B-VP
+that IN B-SBAR
+the DT B-NP
+notification NN I-NP
+requirement NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+dropped VBN I-VP
+from IN B-PP
+the DT B-NP
+guidelines NNS I-NP
+on IN B-PP
+coup NN B-NP
+attempts NNS I-NP
+that WDT B-NP
+are VBP B-VP
+being VBG I-VP
+rewritten VBN I-VP
+by IN B-PP
+the DT B-NP
+panel NN I-NP
+and CC O
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+. . O
+
+The DT B-NP
+rewriting VBG I-NP
+was VBD B-VP
+launched VBN I-VP
+at IN B-PP
+a DT B-NP
+meeting NN I-NP
+between IN B-PP
+Mr. NNP B-NP
+Bush NNP I-NP
+and CC O
+intelligence NN B-NP
+committee NN I-NP
+leaders NNS I-NP
+Oct. NNP B-NP
+12 CD I-NP
+, , O
+a DT B-NP
+few JJ I-NP
+days NNS I-NP
+before IN B-PP
+the DT B-NP
+meeting NN I-NP
+at IN B-PP
+which WDT B-NP
+the DT B-NP
+president NN I-NP
+complained VBD B-VP
+about IN B-PP
+the DT B-NP
+rules NNS I-NP
+. . O
+
+However RB B-ADVP
+, , O
+the DT B-NP
+disclosure NN I-NP
+of IN B-PP
+the DT B-NP
+guidelines NNS I-NP
+, , O
+first JJ B-VP
+reported VBD I-VP
+last JJ B-NP
+night NN I-NP
+by IN B-PP
+NBC NNP B-NP
+News NNP I-NP
+, , O
+is VBZ B-VP
+already RB I-VP
+being VBG I-VP
+interpreted VBN I-VP
+on IN B-PP
+Capitol NNP B-NP
+Hill NNP I-NP
+as IN B-PP
+an DT B-NP
+unfair JJ I-NP
+effort NN I-NP
+to TO B-VP
+pressure VB I-VP
+Congress NNP B-NP
+. . O
+
+It PRP B-NP
+has VBZ B-VP
+reopened VBN I-VP
+the DT B-NP
+bitter JJ I-NP
+wrangling NN I-NP
+between IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+and CC O
+Congress NNP B-NP
+over IN B-PP
+who WP B-NP
+is VBZ B-VP
+responsible JJ B-ADJP
+for IN B-PP
+the DT B-NP
+failure NN I-NP
+to TO B-VP
+oust VB I-VP
+Mr. NNP B-NP
+Noriega NNP I-NP
+and CC B-PP
+, , O
+more RBR B-ADVP
+broadly RB I-ADVP
+, , O
+for IN B-PP
+difficulties NNS B-NP
+in IN B-PP
+carrying VBG B-VP
+out RP B-PRT
+covert JJ B-NP
+activities NNS I-NP
+abroad RB B-ADVP
+. . O
+
+A DT B-NP
+statement NN I-NP
+issued VBN B-VP
+by IN B-PP
+the DT B-NP
+office NN I-NP
+of IN B-PP
+the DT B-NP
+committee NN I-NP
+chairman NN I-NP
+, , O
+Sen. NNP B-NP
+David NNP I-NP
+Boren NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Okla. NNP B-NP
+-RRB- ) O
+, , O
+charged VBN B-VP
+that IN B-SBAR
+the DT B-NP
+disclosure NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+continuing VBG I-NP
+effort NN I-NP
+to TO B-VP
+shift VB I-VP
+the DT B-NP
+criticism NN I-NP
+for IN B-PP
+the DT B-NP
+failure NN I-NP
+of IN B-PP
+the DT B-NP
+recent JJ I-NP
+coup NN I-NP
+attempt NN I-NP
+in IN B-PP
+Panama NNP B-NP
+. . O
+
+The DT B-NP
+statement NN I-NP
+added VBD B-VP
+, , O
+`` `` O
+Someone NN B-NP
+has VBZ B-VP
+regrettably RB I-VP
+chosen VBN I-VP
+to TO I-VP
+selectively RB I-VP
+summarize VB I-VP
+portions NNS B-NP
+of IN B-PP
+highly RB B-NP
+classified VBN I-NP
+correspondence NN I-NP
+between IN B-PP
+the DT B-NP
+two CD I-NP
+branches NNS I-NP
+of IN B-PP
+government NN B-NP
+. . O
+
+Not RB B-CONJP
+only RB I-CONJP
+does VBZ O
+this DT B-NP
+come JJ B-VP
+close RB B-ADJP
+to TO B-PP
+a DT B-NP
+violation NN I-NP
+of IN B-PP
+law NN B-NP
+, , O
+it PRP B-NP
+violates VBZ B-VP
+the DT B-NP
+trust NN I-NP
+we PRP B-NP
+have VBP B-VP
+all DT O
+worked VBN B-VP
+to TO B-VP
+develop VB I-VP
+. . O
+'' '' O
+
+Sen. NNP B-NP
+Boren NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+to TO B-VP
+stop VB I-VP
+bickering NN I-VP
+and CC O
+work NN B-VP
+together RB B-ADVP
+to TO B-VP
+develop VB I-VP
+a DT B-NP
+clear JJ I-NP
+and CC I-NP
+appropriate JJ I-NP
+policy NN I-NP
+to TO B-VP
+help VB I-VP
+the DT B-NP
+country NN I-NP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+. . O
+
+I PRP B-NP
+'ve VBP B-VP
+invited VBN I-VP
+the DT B-NP
+president NN I-NP
+to TO B-VP
+send VB I-VP
+his PRP$ B-NP
+suggestions NNS I-NP
+to TO B-PP
+the DT B-NP
+committee NN I-NP
+. . O
+'' '' O
+
+Republican NNP B-NP
+Sen. NNP I-NP
+William NNP I-NP
+Cohen NNP I-NP
+of IN B-PP
+Maine NNP B-NP
+, , O
+the DT B-NP
+panel NN I-NP
+'s POS B-NP
+vice NN I-NP
+chairman NN I-NP
+, , O
+said VBD B-VP
+of IN B-PP
+the DT B-NP
+disclosure NN I-NP
+that IN B-SBAR
+`` `` O
+a DT B-NP
+text NN I-NP
+torn VBN B-VP
+out IN B-ADVP
+of IN B-PP
+context NN B-NP
+is VBZ B-VP
+a DT B-NP
+pretext NN I-NP
+, , O
+and CC O
+it PRP B-NP
+is VBZ B-VP
+unfair JJ B-ADJP
+for IN B-SBAR
+those DT B-NP
+in NN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+who WP B-NP
+are VBP B-VP
+leaking VBG I-VP
+to TO B-VP
+present VB I-VP
+the DT B-NP
+evidence NN I-NP
+in IN B-PP
+a DT B-NP
+selective JJ I-NP
+fashion NN I-NP
+. . O
+'' '' O
+
+Sen. NNP B-NP
+Boren NNP I-NP
+said VBD B-VP
+the DT B-NP
+committee NN I-NP
+could MD B-VP
+n't RB I-VP
+defend VB I-VP
+itself PRP B-NP
+by IN B-PP
+making VBG B-VP
+the DT B-NP
+documents NNS I-NP
+public JJ B-ADJP
+because IN B-SBAR
+that DT B-NP
+would MD B-VP
+violate VB I-VP
+classification NN B-NP
+rules NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+chairman NN I-NP
+and CC O
+other JJ B-NP
+committee NN I-NP
+members NNS I-NP
+stressed VBD B-VP
+that IN B-SBAR
+the DT B-NP
+notification NN I-NP
+guideline NN I-NP
+was VBD B-VP
+n't RB I-VP
+imposed VBN I-VP
+on IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+by IN B-PP
+a DT B-NP
+meddling VBG I-NP
+Congress NNP I-NP
+. . O
+
+Instead RB B-ADVP
+, , O
+both DT B-NP
+congressional JJ I-NP
+and CC I-NP
+administration NN I-NP
+officials NNS I-NP
+agreed VBD B-VP
+, , O
+it PRP B-NP
+grew VBD B-VP
+out RP B-PP
+of IN B-PP
+talks NNS B-NP
+about IN B-PP
+coup-planning NN B-NP
+in IN B-PP
+Panama NNP B-NP
+that WDT B-NP
+were VBD B-VP
+initiated VBN I-VP
+by IN B-PP
+the DT B-NP
+administration NN I-NP
+in IN B-PP
+July NNP B-NP
+1988 CD I-NP
+and CC O
+stretched VBD B-VP
+into IN B-PP
+last JJ B-NP
+October NNP I-NP
+. . O
+
+The DT B-NP
+guideline NN I-NP
+was VBD B-VP
+n't RB O
+a DT B-NP
+law NN I-NP
+, , O
+but CC O
+a DT B-NP
+joint JJ I-NP
+interpretation NN I-NP
+of IN B-PP
+how WRB B-ADVP
+the DT B-NP
+U.S. NNP I-NP
+might MD B-VP
+operate VB I-VP
+during IN B-PP
+foreign JJ B-NP
+coups NNS I-NP
+in IN B-PP
+light NN B-NP
+of IN B-PP
+the DT B-NP
+longstanding JJ I-NP
+presidential JJ I-NP
+order NN I-NP
+banning VBG B-VP
+a DT B-NP
+U.S. NNP I-NP
+role NN I-NP
+in IN B-PP
+assassinations NNS B-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+yesterday NN B-NP
+the DT B-NP
+administration NN I-NP
+and CC O
+Congress NNP B-NP
+were VBD B-VP
+still RB I-VP
+differing VBG I-VP
+on IN B-PP
+what WP B-NP
+had VBD B-VP
+been VBN I-VP
+agreed VBN I-VP
+to TO B-PP
+. . O
+
+One CD B-NP
+administration NN I-NP
+official NN I-NP
+said VBD B-VP
+notification NN B-NP
+was VBD B-VP
+required VBN I-VP
+even RB B-SBAR
+if IN I-SBAR
+the DT B-NP
+U.S. NNP I-NP
+`` `` O
+gets VBZ B-VP
+wind NN B-NP
+'' '' O
+of IN B-PP
+somebody NN B-NP
+else RB B-ADJP
+'s POS B-NP
+coup NN I-NP
+plans NNS I-NP
+that WDT B-NP
+seem VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+endanger VB I-VP
+a DT B-NP
+dictator NN I-NP
+'s POS B-NP
+life NN I-NP
+. . O
+
+But CC O
+a DT B-NP
+congressional JJ I-NP
+source NN I-NP
+close RB B-ADJP
+to TO B-PP
+the DT B-NP
+panel NN I-NP
+said VBD B-VP
+the DT B-NP
+rule NN I-NP
+only RB B-ADVP
+covered VBD B-VP
+coup NN B-NP
+plans NNS I-NP
+directly RB B-VP
+involving VBG I-VP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+notification NN I-NP
+guideline NN I-NP
+was VBD B-VP
+n't RB I-VP
+carried VBN I-VP
+out IN B-PRT
+in IN B-PP
+this DT B-NP
+month NN I-NP
+'s POS B-NP
+coup NN I-NP
+attempt NN I-NP
+, , O
+some DT B-NP
+administration NN I-NP
+officials NNS I-NP
+argue VBP B-VP
+that IN B-SBAR
+it PRP B-NP
+may MD B-VP
+have VB I-VP
+led VBN I-VP
+to TO B-PP
+hesitation NN B-NP
+and CC I-NP
+uncertainty NN I-NP
+on IN B-PP
+the DT B-NP
+part NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+intelligence NN I-NP
+and CC O
+military JJ B-NP
+operatives NNS I-NP
+in IN B-PP
+Panama NNP B-NP
+. . O
+
+One CD B-NP
+senior JJ I-NP
+administration NN I-NP
+official NN I-NP
+called VBD B-VP
+the DT B-NP
+guideline NN I-NP
+`` `` O
+outrageous JJ B-ADJP
+'' '' O
+and CC O
+said VBD B-VP
+it PRP B-NP
+could MD B-VP
+make VB I-VP
+U.S. NNP B-NP
+operatives NNS I-NP
+reluctant JJ B-ADJP
+to TO B-VP
+even RB I-VP
+listen VB I-VP
+to TO B-PP
+coup NN B-NP
+plans NNS I-NP
+for IN B-PP
+fear NN B-NP
+they PRP B-NP
+may MD B-VP
+get VB I-VP
+into IN B-PP
+legal JJ B-NP
+trouble NN I-NP
+. . O
+
+The DT B-NP
+issue NN I-NP
+came VBD B-VP
+to TO B-PP
+a DT B-NP
+head NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+officials NNS B-NP
+recalled VBD B-VP
+, , O
+partly RB B-ADVP
+because IN B-SBAR
+the DT B-NP
+Reagan NNP I-NP
+administration NN I-NP
+had VBD B-VP
+sought VBN I-VP
+unsuccessfully RB I-VP
+to TO I-VP
+win VB I-VP
+committee NN B-NP
+approval NN I-NP
+of IN B-PP
+funding NN B-NP
+for IN B-PP
+new JJ B-NP
+Panama NNP I-NP
+coup NN I-NP
+efforts NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+both DT B-NP
+administration NN I-NP
+and CC I-NP
+congressional JJ I-NP
+officials NNS I-NP
+said VBD B-VP
+the DT B-NP
+need NN I-NP
+for IN B-PP
+guidelines NNS B-NP
+on IN B-PP
+coups NNS B-NP
+and CC I-NP
+assassinations NNS I-NP
+was VBD B-VP
+partly RB I-VP
+spurred VBN I-VP
+by IN B-PP
+a DT B-NP
+White NNP I-NP
+House NNP I-NP
+desire NN I-NP
+to TO B-VP
+avoid VB I-VP
+nasty JJ B-NP
+overseas JJ I-NP
+surprises NNS I-NP
+during IN B-PP
+the DT B-NP
+election NN I-NP
+campaign NN I-NP
+. . O
+
+Though IN B-SBAR
+the DT B-NP
+assassination NN I-NP
+ban NN I-NP
+is VBZ B-VP
+a DT B-NP
+White NNP I-NP
+House NNP I-NP
+order NN I-NP
+that IN B-NP
+Congress NNP B-NP
+never RB B-ADVP
+voted VBD B-VP
+on IN B-PP
+, , O
+the DT B-NP
+intelligence NN I-NP
+committees NNS I-NP
+can MD B-VP
+exercise VB I-VP
+influence NN B-NP
+over IN B-PP
+its PRP$ B-NP
+interpretation NN I-NP
+. . O
+
+Last JJ B-NP
+week NN I-NP
+, , O
+Central NNP B-NP
+Intelligence NNP I-NP
+Agency NNP I-NP
+Director NNP I-NP
+William NNP I-NP
+Webster NNP I-NP
+publicly RB B-ADVP
+called VBD B-VP
+on IN B-PP
+Congress NNP B-NP
+to TO B-VP
+provide VB I-VP
+new JJ B-NP
+interpretations NNS I-NP
+of IN B-PP
+the DT B-NP
+assassination NN I-NP
+order NN I-NP
+that WDT B-NP
+would MD B-VP
+permit VB I-VP
+the DT B-NP
+U.S. NNP I-NP
+more JJR B-NP
+freedom NN I-NP
+to TO B-VP
+act VB I-VP
+in IN B-PP
+coups NNS B-NP
+. . O
+
+The DT B-NP
+administration NN I-NP
+has VBZ B-VP
+reacted VBN I-VP
+to TO B-PP
+criticism NN B-NP
+that IN B-SBAR
+it PRP B-NP
+mishandled VBD B-VP
+the DT B-NP
+latest JJS I-NP
+coup NN I-NP
+attempt NN I-NP
+by IN B-PP
+seeking VBG B-VP
+to TO I-VP
+blame VB I-VP
+Congress NNP B-NP
+for IN B-PP
+restrictions NNS B-NP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+said VBD B-VP
+have VBP B-VP
+hampered VBN I-VP
+its PRP$ B-NP
+freedom NN I-NP
+of IN B-PP
+action NN B-NP
+. . O
+
+However RB B-ADVP
+, , O
+last JJ B-NP
+week NN I-NP
+Mr. NNP B-NP
+Webster NNP I-NP
+'s POS B-NP
+two CD I-NP
+top JJ I-NP
+CIA NNP I-NP
+deputies NNS I-NP
+said VBD B-VP
+congressional JJ B-NP
+curbs NNS I-NP
+had VBD B-VP
+n't RB I-VP
+hampered VBN I-VP
+the DT B-NP
+spy NN I-NP
+agency NN I-NP
+'s POS B-NP
+role NN I-NP
+in IN B-PP
+the DT B-NP
+coup NN I-NP
+attempt NN I-NP
+in IN B-PP
+Panama NNP B-NP
+. . O
+
+Nevertheless RB B-ADVP
+, , O
+the DT B-NP
+administration NN I-NP
+'s POS B-NP
+criticisms NNS I-NP
+appeared VBD B-VP
+to TO I-VP
+have VB I-VP
+made VBN I-VP
+some DT B-NP
+headway NN I-NP
+with IN B-PP
+Sens. NNP B-NP
+Boren NNP I-NP
+and CC I-NP
+Cohen NNP I-NP
+after IN B-PP
+their PRP$ B-NP
+Oct. NNP I-NP
+12 CD I-NP
+meeting NN I-NP
+with IN B-PP
+the DT B-NP
+president NN I-NP
+. . O
+
+The DT B-NP
+three CD I-NP
+men NNS I-NP
+agreed VBD B-VP
+to TO I-VP
+rewrite VB I-VP
+the DT B-NP
+guidelines NNS I-NP
+, , O
+without IN B-PP
+changing VBG B-VP
+the DT B-NP
+basic JJ I-NP
+assassination NN I-NP
+ban NN I-NP
+, , O
+to TO B-VP
+clear VB I-VP
+up IN B-PRT
+any DT B-NP
+ambiguities NNS I-NP
+that WDT B-NP
+may MD B-VP
+have VB I-VP
+hampered VBN I-VP
+U.S. NNP B-NP
+encouragement NN I-NP
+of IN B-PP
+coups NNS B-NP
+against IN B-PP
+anti-American JJ B-NP
+leaders NNS I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+argument NN I-NP
+over IN B-PP
+the DT B-NP
+notification NN I-NP
+guideline NN I-NP
+, , O
+however RB B-ADVP
+, , O
+could MD B-VP
+sour VB I-VP
+any DT B-NP
+atmosphere NN I-NP
+of IN B-PP
+cooperation NN B-NP
+that WDT B-NP
+existed VBD B-VP
+. . O
+
+Gerald NNP B-NP
+F. NNP I-NP
+Seib NNP I-NP
+contributed VBD B-VP
+to TO B-PP
+this DT B-NP
+article NN I-NP
+. . O
+
+-LRB- ( O
+During IN B-PP
+its PRP$ B-NP
+centennial NN I-NP
+year NN I-NP
+, , O
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+will MD B-VP
+report VB I-VP
+events NNS B-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+century NN I-NP
+that WDT B-NP
+stand VBP B-VP
+as IN B-PP
+milestones NNS B-NP
+of IN B-PP
+American JJ B-NP
+business NN I-NP
+history NN I-NP
+. . O
+-RRB- ) O
+
+MUTUAL JJ B-NP
+FUNDS NNS I-NP
+ARRIVED VBD B-VP
+IN IN B-PP
+THE DT B-NP
+U.S. NNP I-NP
+during IN B-PP
+the DT B-NP
+Roaring NNP I-NP
+Twenties NNP I-NP
+-LRB- ( O
+they PRP B-NP
+had VBD B-VP
+been VBN I-VP
+in IN B-PP
+Britain NNP B-NP
+for IN B-PP
+a DT B-NP
+century NN I-NP
+-RRB- ) O
+, , O
+but CC O
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+boom VB I-VP
+until IN B-SBAR
+the DT B-NP
+money NN I-NP
+market NN I-NP
+fund NN I-NP
+was VBD B-VP
+created VBN I-VP
+in IN B-PP
+the DT B-NP
+1970s NNS I-NP
+. . O
+
+By IN B-PP
+1980 CD B-NP
+, , O
+there EX B-NP
+were VBD B-VP
+more JJR B-NP
+than IN I-NP
+100 CD I-NP
+such JJ I-NP
+funds NNS I-NP
+. . O
+
+Besides IN B-PP
+creating VBG B-VP
+a DT B-NP
+vehicle NN I-NP
+for IN B-PP
+investors NNS B-NP
+, , O
+money NN B-NP
+market NN I-NP
+funds NNS I-NP
+also RB B-ADVP
+helped VBD B-VP
+rewrite VB I-VP
+banking NN B-NP
+regulations NNS I-NP
+. . O
+
+The DT B-NP
+idea NN I-NP
+was VBD B-VP
+to TO B-VP
+let VB I-VP
+small JJ B-NP
+investors NNS I-NP
+, , O
+the DT B-NP
+backbone NN I-NP
+of IN B-PP
+the DT B-NP
+fund NN I-NP
+business NN I-NP
+, , O
+deal NN B-VP
+in IN B-PP
+the DT B-NP
+money NN I-NP
+market NN I-NP
+'s POS B-NP
+high JJ I-NP
+short-term JJ I-NP
+interest NN I-NP
+rates NNS I-NP
+. . O
+
+This DT B-NP
+had VBD B-VP
+been VBN I-VP
+the DT B-NP
+exclusive JJ I-NP
+province NN I-NP
+of IN B-PP
+those DT B-NP
+rich JJ B-ADJP
+enough RB I-ADJP
+to TO B-VP
+use VB I-VP
+six-figure JJ B-NP
+sums NNS I-NP
+to TO B-VP
+get VB I-VP
+income NN B-NP
+that WDT B-NP
+was VBD B-VP
+figured VBN I-VP
+beyond IN B-PP
+the DT B-NP
+third JJ I-NP
+or CC I-NP
+fourth JJ I-NP
+decimal NN I-NP
+place NN I-NP
+. . O
+
+The DT B-NP
+now-standard JJ I-NP
+price NN I-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+a DT B-NP
+share NN I-NP
+came VBD B-VP
+about IN B-PRT
+by IN B-PP
+accident NN B-NP
+. . O
+
+An DT B-NP
+early JJ I-NP
+fund NN I-NP
+had VBD B-VP
+filed VBN I-VP
+a DT B-NP
+registration NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+that WDT B-NP
+included VBD B-VP
+a DT B-NP
+fixed VBN I-NP
+$ $ I-NP
+1 CD I-NP
+price NN I-NP
+. . O
+
+It PRP B-NP
+arrived VBD B-VP
+just RB B-ADVP
+as IN B-SBAR
+the DT B-NP
+regulator NN I-NP
+handling VBG B-VP
+such JJ B-NP
+operations NNS I-NP
+was VBD B-VP
+retiring VBG I-VP
+. . O
+
+His PRP$ B-NP
+successor NN I-NP
+approved VBD B-VP
+the DT B-NP
+$ $ I-NP
+1 CD I-NP
+price NN I-NP
+in IN B-PP
+the DT B-NP
+process NN I-NP
+of IN B-PP
+clearing VBG B-VP
+the DT B-NP
+backed-up JJ I-NP
+papers NNS I-NP
+on IN B-PP
+his PRP$ B-NP
+desk NN I-NP
+. . O
+
+When WRB B-ADVP
+Dreyfus NNP B-NP
+started VBD B-VP
+the DT B-NP
+first JJ I-NP
+advertising-backed JJ I-NP
+retail JJ I-NP
+fund NN I-NP
+in IN B-PP
+February NNP B-NP
+1974 CD I-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+$ $ B-NP
+10 CD I-NP
+a DT B-NP
+share NN I-NP
+-LRB- ( O
+and CC O
+reached VBN B-VP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+in IN B-PP
+assets NNS B-NP
+in IN B-PP
+one CD B-NP
+year NN I-NP
+. . O
+-RRB- ) O
+
+Dreyfus NNP B-NP
+moved VBD B-VP
+to TO B-PP
+the DT B-NP
+$ $ I-NP
+1 CD I-NP
+price NN I-NP
+after IN B-SBAR
+the DT B-NP
+SEC NNP I-NP
+set VBD B-VP
+standards NNS B-NP
+-- : O
+an DT B-NP
+average JJ I-NP
+120-day JJ I-NP
+maturity NN I-NP
+of IN B-PP
+high-grade JJ B-NP
+paper NN I-NP
+-- : O
+that WDT B-NP
+are VBP B-VP
+still RB B-ADVP
+the DT B-NP
+rule NN I-NP
+. . O
+
+Keeping VBG B-VP
+the DT B-NP
+listed VBN I-NP
+price NN I-NP
+at IN B-PP
+a DT B-NP
+dollar NN I-NP
+is VBZ B-VP
+primarily RB B-ADVP
+a DT B-NP
+convenience NN I-NP
+. . O
+
+Actually RB B-ADVP
+, , O
+the DT B-NP
+funds NNS I-NP
+do VBP B-VP
+fluctuate VB I-VP
+, , O
+but CC O
+beyond IN B-PP
+the DT B-NP
+third JJ I-NP
+decimal NN I-NP
+place NN I-NP
+. . O
+
+Rounding-off NN B-NP
+keeps VBZ B-VP
+them PRP B-NP
+at IN B-PP
+$ $ B-NP
+1 CD I-NP
+. . O
+
+Eventually RB B-ADVP
+, , O
+the DT B-NP
+money NN I-NP
+funds NNS I-NP
+' POS B-NP
+success NN I-NP
+forced VBD B-VP
+relaxation NN B-NP
+of IN B-PP
+curbs NNS B-NP
+on IN B-PP
+bank NN B-NP
+interest NN I-NP
+rates NNS I-NP
+to TO B-VP
+allow VB I-VP
+banks NNS B-NP
+to TO B-VP
+offer VB I-VP
+competing VBG B-NP
+yields NNS I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+instrument NN I-NP
+also RB B-ADVP
+introduced VBD B-VP
+many JJ B-NP
+to TO B-PP
+the DT B-NP
+industry NN I-NP
+-- : O
+30 CD B-NP
+% NN I-NP
+of IN B-PP
+fund NN B-NP
+owners NNS I-NP
+-LRB- ( O
+there EX B-NP
+are VBP B-VP
+more JJR B-NP
+than IN I-NP
+54 CD I-NP
+million CD I-NP
+accounts NNS I-NP
+-RRB- ) O
+started VBD B-VP
+with IN B-PP
+a DT B-NP
+money NN I-NP
+fund NN I-NP
+. . O
+
+Today NN B-NP
+more JJR B-NP
+than IN I-NP
+470 CD I-NP
+money NN I-NP
+market NN I-NP
+funds NNS I-NP
+have VBP B-VP
+total JJ B-NP
+assets NNS I-NP
+exceeding VBG B-VP
+$ $ B-NP
+350 CD I-NP
+billion CD I-NP
+. . O
+
+-LRB- ( O
+The DT B-NP
+companion NN I-NP
+tax-exempt JJ I-NP
+funds NNS I-NP
+add VBP B-VP
+$ $ B-NP
+71 CD I-NP
+billion CD I-NP
+. . O
+-RRB- ) O
+
+Dreyfus NNP B-NP
+alone RB B-ADVP
+has VBZ B-VP
+seen VBN I-VP
+its PRP$ B-NP
+money NN I-NP
+market NN I-NP
+funds NNS I-NP
+grow VBP B-VP
+from IN B-PP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+in IN B-PP
+1975 CD B-NP
+to TO B-PP
+closes VBZ B-NP
+to TO I-NP
+$ $ I-NP
+15 CD I-NP
+billion CD I-NP
+today NN B-NP
+. . O
+
+Procter NNP B-NP
+& CC I-NP
+Gamble NNP I-NP
+Co. NNP I-NP
+and CC O
+Noxell NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+they PRP B-NP
+received VBD B-VP
+early JJ B-NP
+termination NN I-NP
+of IN B-PP
+the DT B-NP
+waiting VBG I-NP
+period NN I-NP
+under IN B-PP
+the DT B-NP
+Hart-Scott-Rodino NNP I-NP
+Act NNP I-NP
+regarding VBG B-PP
+the DT B-NP
+proposed VBN I-NP
+$ $ I-NP
+1.4 CD I-NP
+billion CD I-NP
+merger NN I-NP
+of IN B-PP
+Noxell NNP B-NP
+into IN B-PP
+P&G NNP B-NP
+. . O
+
+Shareholders NNS B-NP
+of IN B-PP
+Noxell NNP B-NP
+, , O
+of IN B-PP
+Hunt NNP B-NP
+Valley NNP I-NP
+, , O
+Md. NNP B-NP
+, , O
+will MD B-VP
+vote VB I-VP
+on IN B-PP
+the DT B-NP
+merger NN I-NP
+at IN B-PP
+a DT B-NP
+special JJ I-NP
+meeting NN I-NP
+on IN B-PP
+Nov. NNP B-NP
+30 CD I-NP
+, , O
+the DT B-NP
+companies NNS I-NP
+said VBD B-VP
+. . O
+
+P&G NNP B-NP
+, , O
+Cincinnati NNP B-NP
+, , O
+agreed VBD B-VP
+to TO I-VP
+exchange VB I-VP
+0.272 CD B-NP
+share NN I-NP
+of IN B-PP
+its PRP$ B-NP
+common JJ I-NP
+stock NN I-NP
+for IN B-PP
+each DT B-NP
+share NN I-NP
+of IN B-PP
+Noxell NNP B-NP
+common JJ I-NP
+and CC I-NP
+Class NNP I-NP
+B NNP I-NP
+stock NN I-NP
+, , O
+a DT B-NP
+total NN I-NP
+of IN B-PP
+about IN B-NP
+11 CD I-NP
+million CD I-NP
+P&G NNP I-NP
+shares NNS I-NP
+. . O
+
+The DT B-NP
+transaction NN I-NP
+would MD B-VP
+mark VB I-VP
+the DT B-NP
+entry NN I-NP
+of IN B-PP
+P&G NNP B-NP
+into IN B-PP
+cosmetics NNS B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+already RB B-ADVP
+markets VBZ B-VP
+a DT B-NP
+wide JJ I-NP
+range NN I-NP
+of IN B-PP
+detergents NNS B-NP
+, , I-NP
+food NN I-NP
+, , I-NP
+household NN I-NP
+and CC I-NP
+health-care NN I-NP
+products NNS I-NP
+. . O
+
+Shareholders NNS B-NP
+of IN B-PP
+Messerschmitt-Boelkow-Blohm NNP B-NP
+G.m.b NNP I-NP
+. . I-NP
+H. NNP I-NP
+postponed VBD B-VP
+their PRP$ B-NP
+formal JJ I-NP
+endorsement NN I-NP
+of IN B-PP
+a DT B-NP
+merger NN I-NP
+with IN B-PP
+Daimler-Benz NNP B-NP
+AG NNP I-NP
+until IN B-PP
+another DT B-NP
+meeting NN I-NP
+on IN B-PP
+Nov. NNP B-NP
+17 CD I-NP
+. . O
+
+The DT B-NP
+owners NNS I-NP
+of IN B-PP
+the DT B-NP
+defense NN I-NP
+and CC I-NP
+aerospace NN I-NP
+concern NN I-NP
+, , O
+which WDT B-NP
+include VBP B-VP
+three CD B-NP
+regional JJ I-NP
+states NNS I-NP
+, , O
+several JJ B-NP
+industrial JJ I-NP
+companies NNS I-NP
+and CC O
+banks NNS B-NP
+, , O
+met VBD B-VP
+Friday NNP B-NP
+to TO B-VP
+discuss VB I-VP
+the DT B-NP
+final JJ I-NP
+terms NNS I-NP
+of IN B-PP
+the DT B-NP
+transaction NN I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+Daimler-Benz NNP B-NP
+will MD B-VP
+acquire VB I-VP
+50.01 CD B-NP
+% NN I-NP
+of IN B-PP
+
+But CC O
+agreement NN B-NP
+aparently RB B-ADVP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+because IN B-PP
+of IN I-PP
+opposition NN B-NP
+from IN B-PP
+the DT B-NP
+states NNS I-NP
+of IN B-PP
+Hamburg NNP B-NP
+and CC I-NP
+Bremen NNP I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+demanding VBG I-VP
+more JJR B-NP
+influence NN I-NP
+over IN B-PP
+the DT B-NP
+German NNP I-NP
+Airbus NNP I-NP
+operations NNS I-NP
+and CC O
+a DT B-NP
+better JJR I-NP
+guarantee NN I-NP
+against IN B-PP
+job NN B-NP
+losses NNS I-NP
+in IN B-PP
+the DT B-NP
+troubled JJ I-NP
+Northern JJ I-NP
+German JJ I-NP
+region NN I-NP
+. . O
+
+The DT B-NP
+two CD I-NP
+states NNS I-NP
+and CC O
+the DT B-NP
+state NN I-NP
+of IN B-PP
+Bavaria NNP B-NP
+still RB B-ADVP
+hold VB B-VP
+a DT B-NP
+majority NN I-NP
+in IN B-PP
+MBB NNP B-NP
+, , O
+but CC O
+their PRP$ B-NP
+stake NN I-NP
+will MD B-VP
+fall VB I-VP
+to TO B-PP
+around IN B-NP
+30 CD I-NP
+% NN I-NP
+after IN B-SBAR
+Daimler-Benz NNP B-NP
+acquires VBZ B-VP
+its PRP$ B-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+concern NN I-NP
+. . O
+
+Jeffrey NNP B-NP
+E. NNP I-NP
+Levin NNP I-NP
+was VBD B-VP
+named VBN I-VP
+vice NN B-NP
+president NN I-NP
+and CC O
+chief JJ B-NP
+economist NN I-NP
+of IN B-PP
+this DT B-NP
+commodity NN I-NP
+futures NNS I-NP
+and CC I-NP
+options NNS I-NP
+exchange VBP I-NP
+. . O
+
+He PRP B-NP
+had VBD B-VP
+been VBN I-VP
+associate JJ B-NP
+professor NN I-NP
+in IN B-PP
+the DT B-NP
+department NN I-NP
+of IN B-PP
+finance NN B-NP
+at IN B-PP
+Seton NNP B-NP
+Hall NNP I-NP
+University NNP I-NP
+. . O
+
+SIERRA NNP B-NP
+TUCSON NNP I-NP
+Cos. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+completed VBD B-VP
+its PRP$ B-NP
+initial JJ I-NP
+public JJ I-NP
+offering NN I-NP
+of IN B-PP
+2.5 CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+, , O
+which WDT B-NP
+raised VBD B-VP
+$ $ B-NP
+30 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+Tucson NNP I-NP
+, , I-NP
+Ariz. NNP I-NP
+, , I-NP
+operator NN I-NP
+of IN B-PP
+addiction-treatment JJ B-NP
+centers NNS I-NP
+said VBD B-VP
+proceeds NNS B-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+expansion NN B-NP
+, , O
+to TO B-VP
+pay VB I-VP
+debt NN B-NP
+and CC O
+for IN B-PP
+general JJ B-NP
+corporate JJ I-NP
+purposes NNS I-NP
+. . O
+
+Oppenheimer NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+was VBD B-VP
+the DT B-NP
+lead NN I-NP
+underwriter NN I-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+issues NNS B-VP
+its PRP$ B-NP
+first JJ I-NP
+reading NN I-NP
+on IN B-PP
+third-quarter JJ B-NP
+real JJ I-NP
+gross JJ I-NP
+national JJ I-NP
+product NN I-NP
+this DT B-NP
+week NN I-NP
+in IN B-PP
+a DT B-NP
+report NN I-NP
+that WDT B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+disclose VB I-VP
+much RB B-NP
+tamer JJR I-NP
+inflation NN I-NP
+. . O
+
+The DT B-NP
+consensus NN I-NP
+view NN I-NP
+on IN B-PP
+real JJ B-NP
+GNP NNP I-NP
+, , O
+the DT B-NP
+total JJ I-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+output NN I-NP
+of IN B-PP
+goods NNS B-NP
+and CC I-NP
+services NNS I-NP
+adjusted VBN B-VP
+for IN B-PP
+inflation NN B-NP
+, , O
+calls VBZ B-VP
+for IN B-PP
+a DT B-NP
+2.3 CD I-NP
+% NN I-NP
+gain NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+'s POS B-NP
+2.5 CD I-NP
+% NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+MMS NNP B-NP
+International NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+McGraw-Hill NNP B-NP
+Inc. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+. . O
+
+But CC O
+inflation NN B-NP
+, , O
+as IN B-SBAR
+measured VBN B-VP
+by IN B-PP
+the DT B-NP
+GNP NNP I-NP
+deflator NN I-NP
+in IN B-PP
+Thursday NNP B-NP
+'s POS B-NP
+report NN I-NP
+, , O
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+rise VB I-VP
+only RB B-NP
+3.5 CD I-NP
+% NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+4.6 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+. . O
+
+`` `` O
+Inflation NN B-NP
+could MD B-VP
+be VB I-VP
+a DT B-NP
+real JJ I-NP
+surprise NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Samuel NNP B-NP
+D. NNP I-NP
+Kahan NNP I-NP
+, , O
+chief JJ B-NP
+financial JJ I-NP
+economist NN I-NP
+at IN B-PP
+Kleinwort NNP B-NP
+Benson NNP I-NP
+Government NNP I-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+, , O
+in IN B-PP
+Chicago NNP B-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+that DT B-NP
+gets VBZ B-VP
+people NNS B-NP
+excited VBN B-ADJP
+, , O
+it PRP B-NP
+could MD B-VP
+serve VB I-VP
+as IN B-PP
+an DT B-NP
+impetus NN I-NP
+to TO B-PP
+the DT B-NP
+fixed-income NN I-NP
+markets NNS I-NP
+to TO B-VP
+lower JJR I-VP
+their PRP$ B-NP
+rates NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+added VBD B-VP
+. . O
+
+The DT B-NP
+week NN I-NP
+'s POS B-NP
+other JJ I-NP
+notable JJ I-NP
+indicators NNS I-NP
+include VBP B-VP
+mid-October NNP B-NP
+auto NN I-NP
+sales NNS I-NP
+, , O
+September NNP B-NP
+durable JJ I-NP
+goods NNS I-NP
+orders NNS I-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+September NNP B-NP
+personal JJ I-NP
+income NN I-NP
+, , O
+personal JJ B-NP
+consumption NN I-NP
+and CC O
+the DT B-NP
+saving VBG I-NP
+rate NN I-NP
+. . O
+
+Most JJS B-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+fall VB I-VP
+below IN B-PP
+previous-month JJ B-NP
+levels NNS I-NP
+. . O
+
+Many JJ B-NP
+economists NNS I-NP
+see VBP B-VP
+even RB B-NP
+slower JJR I-NP
+GNP NNP I-NP
+growth NN I-NP
+for IN B-PP
+the DT B-NP
+remainder NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+with IN B-PP
+some DT B-NP
+leaning VBG B-VP
+more RBR B-ADVP
+strongly RB I-ADVP
+toward IN B-PP
+a DT B-NP
+possible JJ I-NP
+recession NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+to TO B-PP
+softer JJR B-NP
+production NN I-NP
+data NNS I-NP
+, , O
+weaker JJR B-NP
+housing NN I-NP
+starts VBZ I-NP
+and CC O
+lower JJR B-NP
+corporate JJ I-NP
+profits NNS I-NP
+currently RB B-ADVP
+in IN B-PP
+evidence NN B-NP
+, , O
+some DT B-NP
+analysts NNS I-NP
+believe VBP B-VP
+the DT B-NP
+two CD I-NP
+recent JJ I-NP
+natural JJ I-NP
+disasters NNS I-NP
+-- : O
+Hurricane NNP B-NP
+Hugo NNP I-NP
+and CC O
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+earthquake NN I-NP
+-- : O
+will MD B-VP
+carry VB I-VP
+economic JJ B-NP
+ramifications NNS I-NP
+in IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+recent JJ I-NP
+one-day JJ I-NP
+, , I-NP
+190-point JJ I-NP
+drop NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+seems VBZ B-VP
+to TO I-VP
+be VB I-VP
+significant JJ B-ADJP
+to TO B-PP
+economists NNS B-NP
+mainly RB B-ADVP
+for IN B-PP
+its PRP$ B-NP
+tacit JJ I-NP
+comment NN I-NP
+on IN B-PP
+the DT B-NP
+poor JJ I-NP
+quality NN I-NP
+of IN B-PP
+third-quarter JJ B-NP
+profits NNS I-NP
+now RB B-VP
+being VBG I-VP
+reported VBN I-VP
+. . O
+
+`` `` O
+The DT B-NP
+stock NN I-NP
+market NN I-NP
+is VBZ B-VP
+sick JJ B-ADJP
+because IN B-SBAR
+profits NNS B-NP
+are VBP B-VP
+crumbling VBG I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Michael NNP B-NP
+K. NNP I-NP
+Evans NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Evans NNP B-NP
+Economics NNP I-NP
+Inc. NNP I-NP
+, , O
+Washington NNP B-NP
+. . O
+
+The DT B-NP
+economy NN I-NP
+, , O
+he PRP B-NP
+noted VBD B-VP
+, , O
+moves VBZ B-VP
+the DT B-NP
+market NN I-NP
+, , O
+not RB B-ADVP
+vice NN I-ADVP
+versa RB I-ADVP
+. . O
+
+On IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+Mr. NNP B-NP
+Evans NNP I-NP
+expects VBZ B-VP
+the DT B-NP
+hurricane NN I-NP
+and CC O
+the DT B-NP
+earthquake NN I-NP
+`` `` O
+to TO B-VP
+take VB I-VP
+a DT B-NP
+hunk NN I-NP
+out IN B-PP
+of IN B-PP
+fourth-quarter JJ B-NP
+GNP NNP I-NP
+. . O
+'' '' O
+
+His PRP$ B-NP
+estimate NN I-NP
+of IN B-PP
+3.3 CD B-NP
+% NN I-NP
+for IN B-PP
+third-quarter JJ B-NP
+GNP NNP I-NP
+is VBZ B-VP
+higher JJR B-ADJP
+than IN B-PP
+the DT B-NP
+consensus NN I-NP
+largely RB B-ADVP
+because IN B-SBAR
+he PRP B-NP
+believes VBZ B-VP
+current JJ B-NP
+inventories NNS I-NP
+are VBP B-VP
+n't RB O
+as RB B-ADJP
+low JJ I-ADJP
+as IN B-SBAR
+official JJ B-NP
+figures NNS I-NP
+indicate VBP B-VP
+. . O
+
+Demand NN B-NP
+, , O
+he PRP B-NP
+believes VBZ B-VP
+, , O
+is VBZ B-VP
+being VBG I-VP
+met VBN I-VP
+from IN B-PP
+overhang NN B-NP
+rather RB B-PP
+than IN I-PP
+new JJ B-NP
+production NN I-NP
+. . O
+
+By IN B-ADVP
+and CC I-ADVP
+large JJ I-ADVP
+, , O
+economists NNS B-NP
+believe VBP B-VP
+the DT B-NP
+two CD I-NP
+natural JJ I-NP
+catastrophes NNS I-NP
+will MD B-VP
+limit VB I-VP
+economic JJ B-NP
+damage NN I-NP
+to TO B-PP
+their PRP$ B-NP
+regions NNS I-NP
+. . O
+
+Edward NNP B-NP
+J. NNP I-NP
+Campbell NNP I-NP
+, , O
+economist NN B-NP
+at IN B-PP
+Brown NNP B-NP
+Brothers NNP I-NP
+Harriman NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+noted VBD B-VP
+that IN B-SBAR
+large JJ B-NP
+increases NNS I-NP
+in IN B-PP
+construction NN B-NP
+activity NN I-NP
+along IN B-ADVP
+with IN B-PP
+government NN B-NP
+and CC I-NP
+private JJ I-NP
+relief NN I-NP
+efforts NNS I-NP
+could MD B-VP
+offset VB I-VP
+loss NN B-NP
+of IN B-PP
+production NN B-NP
+in IN B-PP
+those DT B-NP
+areas NNS I-NP
+. . O
+
+Gary NNP B-NP
+Ciminero NNP I-NP
+, , O
+economist NN B-NP
+at IN B-PP
+Fleet\/Norstar NNP B-NP
+Financial NNP I-NP
+Group NNP I-NP
+, , O
+Providence NNP B-NP
+, , O
+R.I. NNP B-NP
+, , O
+expects VBZ B-VP
+the DT B-NP
+deflator NN I-NP
+to TO B-VP
+rise VB I-VP
+3.7 CD B-NP
+% NN I-NP
+, , O
+well RB B-ADVP
+below IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+'s POS B-NP
+4.6 CD I-NP
+% NN I-NP
+, , O
+partly RB B-ADVP
+because IN B-PP
+of IN I-PP
+what WP B-NP
+he PRP B-NP
+believes VBZ B-VP
+will MD B-VP
+be VB I-VP
+temporarily RB B-NP
+better JJR I-NP
+price NN I-NP
+behavior NN I-NP
+. . O
+
+He PRP B-NP
+expects VBZ B-VP
+real JJ B-NP
+GNP NNP I-NP
+growth NN I-NP
+of IN B-PP
+only RB B-NP
+2.1 CD I-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+noting VBG B-VP
+a DT B-NP
+wider JJR I-NP
+trade NN I-NP
+deficit NN I-NP
+, , O
+slower JJR B-NP
+capital NN I-NP
+and CC I-NP
+government NN I-NP
+spending NN I-NP
+and CC O
+the DT B-NP
+lower JJR I-NP
+inventory NN I-NP
+figures NNS I-NP
+. . O
+
+Sung NNP B-NP
+Won NNP I-NP
+Sohn NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+at IN B-PP
+Norwest NNP B-NP
+Corp. NNP I-NP
+, , O
+Minneapolis NNP B-NP
+, , O
+holds VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+recent JJ I-NP
+stock-market NN I-NP
+volatility NN I-NP
+`` `` O
+increases VBZ B-VP
+the DT B-NP
+possibility NN I-NP
+of IN B-PP
+economic JJ B-NP
+recession NN I-NP
+and CC O
+reinforces VBZ B-VP
+the DT B-NP
+bad JJ I-NP
+news NN I-NP
+'' '' O
+from IN B-PP
+recent JJ B-NP
+trade NN I-NP
+deficit NN I-NP
+, , I-NP
+employment NN I-NP
+and CC I-NP
+housing NN I-NP
+reports NNS I-NP
+. . O
+
+The DT B-NP
+consensus NN I-NP
+calls VBZ B-VP
+for IN B-PP
+a DT B-NP
+0.5 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+September NNP B-NP
+personal JJ I-NP
+income NN I-NP
+and CC O
+a DT B-NP
+0.3 CD I-NP
+% NN I-NP
+gain NN I-NP
+in IN B-PP
+consumption NN B-NP
+. . O
+
+In IN B-PP
+August NNP B-NP
+, , O
+personal JJ B-NP
+income NN I-NP
+rose VBD B-VP
+0.4 CD B-NP
+% NN I-NP
+and CC O
+personal JJ B-NP
+consumption NN I-NP
+increased VBN B-VP
+0.9 CD B-NP
+% NN I-NP
+. . O
+
+Charles NNP B-NP
+Lieberman NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+of IN B-PP
+financial JJ B-NP
+markets NNS I-NP
+reasearch NN I-NP
+at IN B-PP
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+Securities NNP I-NP
+Corp. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+said VBD B-VP
+Hurrican NNP B-NP
+Hugo NNP I-NP
+shaved VBD B-VP
+0.1 CD B-NP
+% NN I-NP
+to TO I-NP
+0.2 CD I-NP
+% NN I-NP
+from IN B-PP
+personal-income JJ B-NP
+growth NN I-NP
+, , O
+because IN B-PP
+of IN I-PP
+greatly RB B-NP
+diminished VBN I-NP
+rental JJ I-NP
+income NN I-NP
+from IN B-PP
+tourism NN B-NP
+. . O
+
+Durable JJ B-NP
+goods NNS I-NP
+orders NNS I-NP
+for IN B-PP
+September NNP B-NP
+, , O
+due JJ B-ADJP
+out IN I-ADJP
+tomorrow NN B-NP
+, , O
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+show VB I-VP
+a DT B-NP
+slip NN I-NP
+of IN B-PP
+1 CD B-NP
+% NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+August NNP B-NP
+'s POS B-NP
+3.9 CD B-ADJP
+% NN I-ADJP
+increase NN B-NP
+. . O
+
+As IN B-PP
+usual JJ B-ADJP
+, , O
+estimates VBZ B-NP
+on IN B-PP
+the DT B-NP
+fickle JJ I-NP
+report NN I-NP
+are VBP B-VP
+wide JJ B-ADJP
+, , O
+running VBG B-VP
+from IN B-PP
+a DT B-NP
+drop NN I-NP
+of IN B-PP
+3.5 CD B-NP
+% NN I-NP
+to TO B-PP
+a DT B-NP
+gain NN I-NP
+of IN B-PP
+1.6 CD B-NP
+% NN I-NP
+. . O
+
+HASTINGS NNP B-NP
+MANUFACTURING NNP I-NP
+Co. NNP I-NP
+declared VBD B-VP
+a DT B-NP
+regular JJ I-NP
+quarterly JJ I-NP
+dividend NN I-NP
+of IN B-PP
+10 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+and CC O
+an DT B-NP
+extra JJ I-NP
+dividend NN I-NP
+of IN B-PP
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+on IN B-PP
+its PRP$ B-NP
+common JJ I-NP
+stock NN I-NP
+, , O
+payable JJ B-ADJP
+Dec. NNP B-NP
+15 CD I-NP
+to TO B-PP
+shares NNS B-NP
+of IN B-PP
+record NN B-NP
+Nov. NNP B-NP
+17 CD I-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+the DT B-NP
+11th JJ I-NP
+consecutive JJ I-NP
+quarter NN I-NP
+in IN B-PP
+which WDT B-NP
+the DT B-NP
+company NN I-NP
+has VBZ B-VP
+paid VBN I-VP
+shareholders NNS B-NP
+an DT B-NP
+extra JJ I-NP
+dividend NN I-NP
+of IN B-PP
+five CD B-NP
+cents NNS I-NP
+. . O
+
+The DT B-NP
+Hastings NNP I-NP
+, , I-NP
+Mich. NNP I-NP
+, , I-NP
+concern NN I-NP
+makes VBZ B-VP
+piston NN B-NP
+rings NNS I-NP
+, , O
+filters NNS B-NP
+and CC O
+fuel NN B-NP
+pumps NNS I-NP
+. . O
+
+Vickers NNP B-NP
+PLC NNP I-NP
+, , O
+a DT B-NP
+United NNP I-NP
+Kingdom NNP I-NP
+defense NN I-NP
+and CC I-NP
+engineering NN I-NP
+company NN I-NP
+, , O
+said VBD B-VP
+an DT B-NP
+investment NN I-NP
+unit NN I-NP
+controlled VBN B-VP
+by IN B-PP
+New NNP B-NP
+Zealand NNP I-NP
+financier NN I-NP
+Ron NNP I-NP
+Brierley NNP I-NP
+raised VBD B-VP
+its PRP$ B-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+Friday NNP B-NP
+to TO B-PP
+15.02 CD B-NP
+% NN I-NP
+from IN B-PP
+about IN B-NP
+14.6 CD I-NP
+% NN I-NP
+Thursday NNP B-NP
+and CC B-PP
+from IN B-PP
+13.7 CD B-NP
+% NN I-NP
+the DT B-NP
+previous JJ I-NP
+week NN I-NP
+. . O
+
+I.E.P. NNP B-NP
+Securities NNP I-NP
+Ltd. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Brierley NNP I-NP
+'s POS B-NP
+Hong NNP B-ADVP
+Kong-based NNP I-ADVP
+Industrial NNP B-NP
+Equity NNP I-NP
+-LRB- ( O
+Pacific NNP O
+-RRB- ) O
+Ltd. NNP B-NP
+, , O
+boosted VBD B-VP
+its PRP$ B-NP
+holdings NNS I-NP
+in IN B-PP
+Vickers NNP B-NP
+to TO B-PP
+38.8 CD B-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+purchase NN I-NP
+follows VBZ B-VP
+small JJ B-NP
+increases NNS I-NP
+in IN B-PP
+his PRP$ B-NP
+holdings NNS I-NP
+made VBN B-VP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+five CD I-NP
+months NNS I-NP
+. . O
+
+In IN B-PP
+May NNP B-NP
+, , O
+Mr. NNP B-NP
+Brierley NNP I-NP
+'s POS B-NP
+stake NN I-NP
+shrank VBD B-VP
+to TO B-PP
+8.7 CD B-NP
+% NN I-NP
+after IN B-SBAR
+ranging VBG B-VP
+between IN B-PP
+9 CD B-NP
+% NN I-NP
+and CC O
+11 CD B-NP
+% NN I-NP
+for IN B-PP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+previous JJ I-NP
+year NN I-NP
+. . O
+
+`` `` O
+Ron NNP B-NP
+Brierley NNP I-NP
+clearly RB B-ADVP
+views VBZ B-VP
+our PRP$ B-NP
+company NN I-NP
+as IN B-PP
+a DT B-NP
+good JJ I-NP
+investment NN I-NP
+, , O
+'' '' O
+a DT B-NP
+Vickers NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+spokesman NN I-NP
+refused VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+speculation NN B-NP
+that IN B-SBAR
+Industrial NNP B-NP
+Equity NNP I-NP
+might MD B-VP
+use VB I-VP
+its PRP$ B-NP
+interest NN I-NP
+as IN B-PP
+a DT B-NP
+platform NN I-NP
+to TO B-VP
+launch VB I-VP
+a DT B-NP
+hostile JJ I-NP
+bid NN I-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+
+Vickers NNP B-NP
+makes VBZ B-VP
+tanks NNS B-NP
+for IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+army NN I-NP
+, , O
+Rolls NNP B-NP
+Royce NNP I-NP
+cars NNS I-NP
+, , O
+and CC O
+has VBZ B-VP
+marine NN B-NP
+and CC I-NP
+medical JJ I-NP
+businesses NNS I-NP
+. . O
+
+When WRB B-ADVP
+Rune NNP B-NP
+Andersson NNP I-NP
+set VBD B-VP
+out IN B-PRT
+to TO B-VP
+revive VB I-VP
+flagging JJ B-NP
+Swedish JJ I-NP
+conglomerate NN I-NP
+Trelleborg NNP I-NP
+AB NNP I-NP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+1980s CD I-NP
+, , O
+he PRP B-NP
+spurned VBD B-VP
+the DT B-NP
+advice NN I-NP
+of IN B-PP
+trendy JJ B-NP
+management NN I-NP
+consultants NNS I-NP
+. . O
+
+`` `` O
+All DT B-NP
+these DT I-NP
+consultants NNS I-NP
+kept VBD B-VP
+coming VBG I-VP
+around IN B-PRT
+telling VBG B-VP
+us PRP B-NP
+we PRP B-NP
+should MD B-VP
+concentrate VB I-VP
+on IN B-PP
+high JJ B-NP
+technology NN I-NP
+, , O
+electronics NNS B-NP
+or CC O
+biotechnology NN B-NP
+, , O
+and CC O
+get VB B-VP
+out IN B-ADVP
+of IN B-PP
+mature JJ B-NP
+basic JJ I-NP
+industries NNS I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Andersson NNP I-NP
+recalls VBZ B-VP
+. . O
+
+Yet RB O
+under IN B-PP
+its PRP$ B-NP
+45-year-old JJ I-NP
+president NN I-NP
+, , O
+Trelleborg NNP B-NP
+moved VBD B-VP
+aggressively RB B-ADVP
+into IN B-PP
+those DT B-NP
+unfashionable JJ I-NP
+base NN I-NP
+industries NNS I-NP
+-- : O
+first JJ B-ADVP
+strengthening VBG B-VP
+its PRP$ B-NP
+existing VBG I-NP
+rubber NN I-NP
+and CC I-NP
+plastics NNS I-NP
+division NN I-NP
+, , O
+later RB B-VP
+adding VBG I-VP
+mining NN B-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+building NN B-NP
+and CC I-NP
+construction NN I-NP
+materials NNS I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+a DT B-NP
+gutsy JJ I-NP
+move NN I-NP
+for IN B-PP
+a DT B-NP
+little-known JJ I-NP
+executive NN I-NP
+, , O
+fired VBN B-VP
+after IN B-PP
+only RB B-NP
+two CD I-NP
+months NNS I-NP
+as IN B-PP
+president NN B-NP
+of IN B-PP
+his PRP$ B-NP
+previous JJ I-NP
+company NN I-NP
+. . O
+
+But CC O
+going VBG B-VP
+against IN B-PP
+the DT B-NP
+grain NN I-NP
+has VBZ B-VP
+never RB I-VP
+bothered VBN I-VP
+Mr. NNP B-NP
+Andersson NNP I-NP
+. . O
+
+Stroking VBG B-VP
+his PRP$ B-NP
+trademark NN I-NP
+white JJ I-NP
+goatee NN I-NP
+during IN B-PP
+a DT B-NP
+recent JJ I-NP
+interview NN I-NP
+, , O
+the DT B-NP
+diminutive JJ I-NP
+Swede NN I-NP
+quips VBZ B-VP
+: : O
+`` `` O
+It PRP B-NP
+turned VBD B-VP
+out IN B-PRT
+to TO B-VP
+be VB I-VP
+lucky JJ B-ADJP
+for IN B-PP
+us PRP B-NP
+. . O
+
+If IN B-SBAR
+the DT B-NP
+whole JJ I-NP
+market NN I-NP
+thinks VBZ B-VP
+what WP B-NP
+you PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+is VBZ B-VP
+crazy JJ B-ADJP
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+much JJ B-NP
+competition NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Andersson NNP I-NP
+is VBZ B-VP
+anxious JJ B-ADJP
+to TO B-VP
+strengthen VB I-VP
+Trelleborg NNP B-NP
+'s POS B-NP
+balance NN I-NP
+sheet NN I-NP
+. . O
+
+Characteristically RB B-ADVP
+, , O
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+waste VB I-VP
+much JJ B-NP
+time NN I-NP
+getting VBG B-VP
+started VBN I-VP
+. . O
+
+On IN B-PP
+Tuesday NNP B-NP
+, , O
+Trelleborg NNP B-NP
+'s POS B-NP
+directors NNS I-NP
+announced VBD B-VP
+plans NNS B-NP
+to TO B-VP
+spin VB I-VP
+off IN B-PRT
+two CD B-NP
+big JJ I-NP
+divisions NNS I-NP
+-- : O
+minerals NNS B-NP
+processing NN I-NP
+, , O
+and CC O
+building NN B-NP
+and CC I-NP
+distribution NN I-NP
+-- : O
+as IN B-PP
+separately RB B-NP
+quoted VBN I-NP
+companies NNS I-NP
+on IN B-PP
+Stockholm NNP B-NP
+'s POS B-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+At IN B-PP
+current JJ B-NP
+market NN I-NP
+prices NNS I-NP
+, , O
+the DT B-NP
+twin JJ I-NP
+public JJ I-NP
+offerings NNS I-NP
+to TO B-VP
+be VB I-VP
+completed VBN I-VP
+next JJ B-NP
+year NN I-NP
+would MD B-VP
+add VB I-VP
+an DT B-NP
+estimated VBN I-NP
+2.5 CD I-NP
+billion CD I-NP
+Swedish JJ I-NP
+kronor NNS I-NP
+-LRB- ( O
+$ $ B-NP
+386 CD I-NP
+million CD I-NP
+-RRB- ) O
+to TO B-PP
+Trelleborg NNP B-NP
+'s POS B-NP
+coffers NNS I-NP
+, , O
+analysts NNS B-NP
+say VBP B-VP
+. . O
+
+The DT B-NP
+board NN I-NP
+had VBD B-VP
+also RB I-VP
+been VBN I-VP
+expected VBN I-VP
+to TO I-VP
+approve VB I-VP
+a DT B-NP
+SKr1.5 NNS I-NP
+billion CD I-NP
+international JJ I-NP
+offering NN I-NP
+of IN B-PP
+new JJ B-NP
+Trelleborg NNP I-NP
+shares NNS I-NP
+. . O
+
+But CC O
+that DT B-NP
+share NN I-NP
+issue NN I-NP
+-- : O
+intended VBN B-VP
+to TO I-VP
+make VB I-VP
+Trelleborg NNP B-NP
+better RBR B-ADJP
+known VBN I-ADJP
+among IN B-PP
+international JJ B-NP
+investors NNS I-NP
+-- : O
+was VBD B-VP
+postponed VBN I-VP
+until IN B-SBAR
+market NN B-NP
+conditions NNS I-NP
+stabilize VBP B-VP
+, , O
+people NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+situation NN I-NP
+say VBP B-VP
+. . O
+
+Trelleborg NNP B-NP
+'s POS B-NP
+internationally RB B-ADJP
+traded VBN I-ADJP
+`` `` B-NP
+Bfree NNP I-NP
+'' '' I-NP
+series NN I-NP
+stock NN I-NP
+plunged VBD B-VP
+SKr29 NNS B-NP
+-LRB- ( O
+$ $ B-NP
+4.48 CD I-NP
+-RRB- ) O
+to TO B-PP
+SKr205 NNS B-NP
+-LRB- ( O
+$ $ B-NP
+31.65 CD I-NP
+-RRB- ) O
+in IN B-PP
+volatile JJ B-NP
+trading NN I-NP
+Monday NNP B-NP
+in IN B-PP
+Stockholm NNP B-NP
+. . O
+
+Tuesday NNP B-NP
+, , O
+the DT B-NP
+shares NNS I-NP
+regained VBD B-VP
+SKr20 NNS B-NP
+, , O
+closing VBG B-VP
+at IN B-PP
+SKr225 NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Andersson NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+is VBZ B-VP
+confident JJ B-ADJP
+that IN B-SBAR
+taking VBG B-VP
+parts NNS B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+public NN B-ADJP
+will MD B-VP
+help VB I-VP
+erase VB I-VP
+the DT B-NP
+`` `` I-NP
+conglomerate NN I-NP
+stigma NN I-NP
+'' '' O
+that WDT B-NP
+has VBZ B-VP
+held VBN I-VP
+down RB B-PRT
+Trelleborg NNP B-NP
+'s POS B-NP
+share NN I-NP
+price NN I-NP
+. . O
+
+Trelleborg NNP B-NP
+plans VBZ B-VP
+to TO I-VP
+remain VB I-VP
+the DT B-NP
+dominant JJ I-NP
+shareholder NN I-NP
+with IN B-PP
+stakes NNS B-NP
+of IN B-PP
+slightly RB B-NP
+less JJR I-NP
+than IN B-PP
+50 CD B-NP
+% NN I-NP
+of IN B-PP
+both DT B-NP
+units NNS I-NP
+. . O
+
+The DT B-NP
+spinoff NN I-NP
+should MD B-VP
+solve VB I-VP
+a DT B-NP
+problem NN I-NP
+for IN B-PP
+the DT B-NP
+parent NN I-NP
+. . O
+
+A DT B-NP
+family NN I-NP
+foundation NN I-NP
+set VBN B-VP
+up IN B-PRT
+by IN B-PP
+late JJ B-NP
+founder NN I-NP
+Henry NNP I-NP
+Dunker NNP I-NP
+controls NNS B-VP
+59 CD B-NP
+% NN I-NP
+of IN B-PP
+Trelleborg NNP B-NP
+'s POS B-NP
+voting NN I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+But CC O
+the DT B-NP
+foundation NN I-NP
+bylaws NNS I-NP
+require VBP B-VP
+the DT B-NP
+entire JJ I-NP
+Trelleborg NNP I-NP
+stake NN I-NP
+to TO B-VP
+be VB I-VP
+sold VBN I-VP
+in IN B-PP
+the DT B-NP
+open JJ I-NP
+market NN I-NP
+if IN B-SBAR
+control NN B-NP
+drops VBZ B-VP
+below IN B-PP
+50 CD B-NP
+% NN I-NP
+. . O
+
+That DT B-NP
+possibility NN I-NP
+had VBD B-VP
+crept VBN I-VP
+closer RBR B-ADVP
+as IN B-SBAR
+repeated VBN B-NP
+new JJ I-NP
+share NN I-NP
+offerings NNS I-NP
+to TO B-VP
+finance VB I-VP
+Trelleborg NNP B-NP
+'s POS B-NP
+rapid JJ I-NP
+growth NN I-NP
+steadily RB B-ADVP
+diluted VBD B-VP
+the DT B-NP
+foundation NN I-NP
+'s POS B-NP
+holding VBG I-NP
+. . O
+
+That DT B-NP
+growth NN I-NP
+is VBZ B-VP
+the DT B-NP
+result NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Andersson NNP I-NP
+'s POS B-NP
+shopping NN I-NP
+spree NN I-NP
+, , O
+during IN B-PP
+which WDT B-NP
+he PRP B-NP
+has VBZ B-VP
+bought VBN I-VP
+and CC I-VP
+sold VBN I-VP
+more JJR B-NP
+than IN I-NP
+100 CD I-NP
+companies NNS I-NP
+during IN B-PP
+the DT B-NP
+past JJ I-NP
+five CD I-NP
+years NNS I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+additions NNS I-NP
+were VBD B-VP
+barely RB B-ADJP
+profitable JJ I-ADJP
+, , O
+if IN B-CONJP
+not RB I-CONJP
+outright JJ B-NP
+loss NN I-NP
+makers NNS I-NP
+. . O
+
+Applying VBG B-VP
+prowess NN B-NP
+gained VBD B-VP
+during IN B-PP
+earlier JJR B-NP
+stints NNS I-NP
+at IN B-PP
+appliance NN B-NP
+maker NN I-NP
+AB NNP I-NP
+Electrolux NNP I-NP
+, , O
+Mr. NNP B-NP
+Andersson NNP I-NP
+and CC O
+a DT B-NP
+handful NN I-NP
+of IN B-PP
+loyal JJ B-NP
+lieutenants NNS I-NP
+aggressively RB B-VP
+stripped VBN I-VP
+away RB B-ADVP
+dead JJ B-NP
+wood NN I-NP
+-- : O
+and CC O
+got VBD B-VP
+quick JJ B-NP
+results NNS I-NP
+. . O
+
+The DT B-NP
+treatment NN I-NP
+turned VBD B-VP
+Trelleborg NNP B-NP
+into IN B-PP
+one CD B-NP
+of IN B-PP
+Scandinavia NNP B-NP
+'s POS B-NP
+biggest JJS B-ADJP
+and CC I-ADJP
+fastest-growing JJ I-ADJP
+industrial JJ B-NP
+concerns NNS I-NP
+. . O
+
+Between IN B-PP
+1985 CD B-NP
+and CC I-NP
+1988 CD I-NP
+, , O
+sales NNS B-NP
+multipled VBD B-VP
+more JJR B-ADVP
+than IN I-ADVP
+10 CD I-ADVP
+times NNS I-ADVP
+and CC O
+pretax JJ B-NP
+profit NN I-NP
+surged VBD B-VP
+almost RB B-ADVP
+twelvefold JJ I-ADVP
+. . O
+
+Many JJ B-NP
+analysts NNS I-NP
+expect VBP B-VP
+Mr. NNP B-NP
+Andersson NNP I-NP
+, , O
+who WP B-NP
+owns VBZ B-VP
+1.7 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+to TO B-VP
+be VB I-VP
+named VBN I-VP
+Trelleborg NNP B-NP
+'s POS B-NP
+new JJ I-NP
+chairman NN I-NP
+when WRB B-ADVP
+Ernst NNP B-NP
+Herslow NNP I-NP
+steps NNS B-VP
+down RB B-ADVP
+next JJ B-NP
+year NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+promotion NN I-NP
+is VBZ B-VP
+n't RB O
+likely JJ B-ADJP
+to TO B-VP
+alter VB I-VP
+a DT B-NP
+management NN I-NP
+style NN I-NP
+Mr. NNP B-NP
+Andersson NNP I-NP
+describes VBZ B-VP
+as IN B-PP
+`` `` O
+being VBG B-VP
+the DT B-NP
+driving VBG I-NP
+force NN I-NP
+leading VBG B-VP
+the DT B-NP
+troops NNS I-NP
+, , O
+not RB O
+managing VBG B-VP
+by IN B-PP
+sitting VBG B-VP
+back RB B-ADVP
+with IN B-PP
+a DT B-NP
+cigar NN I-NP
+waiting VBG B-VP
+for IN B-SBAR
+people NNS B-NP
+to TO B-VP
+bring VB I-VP
+me PRP B-NP
+ideas NNS B-NP
+. . O
+'' '' O
+
+Last JJ B-NP
+month NN I-NP
+, , O
+in IN B-PP
+his PRP$ B-NP
+boldest JJS I-NP
+move NN I-NP
+yet RB B-ADVP
+, , O
+Mr. NNP B-NP
+Andersson NNP I-NP
+and CC O
+Trelleborg NNP B-NP
+joined VBD B-VP
+forces NNS B-NP
+with IN B-PP
+Canada NNP B-NP
+'s POS B-NP
+Noranda NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+a DT B-NP
+joint JJ I-NP
+$ $ I-NP
+2 CD I-NP
+billion CD I-NP
+hostile JJ I-NP
+takeover NN I-NP
+of IN B-PP
+another DT B-NP
+big JJ I-NP
+Canadian JJ I-NP
+mining NN I-NP
+concern NN I-NP
+, , O
+Falconbridge NNP B-NP
+Ltd NNP I-NP
+. . O
+
+Industry NN B-NP
+analysts NNS I-NP
+suggest VBP B-VP
+that IN B-SBAR
+the DT B-NP
+conquest NN I-NP
+of IN B-PP
+Falconbridge NNP B-NP
+could MD B-VP
+vault VB I-VP
+Trelleborg NNP B-NP
+from IN B-PP
+a DT B-NP
+regional JJ I-NP
+Scandinavian NNP I-NP
+success NN I-NP
+story NN I-NP
+to TO B-PP
+a DT B-NP
+world-class JJ I-NP
+mining NN I-NP
+concern NN I-NP
+. . O
+
+`` `` O
+Trelleborg NNP B-NP
+is VBZ B-VP
+n't RB O
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+league NN I-NP
+yet RB B-ADVP
+as IN B-PP
+mining NN B-NP
+giants NNS I-NP
+such JJ B-PP
+as IN I-PP
+RTZ NNP B-NP
+Corp. NNP I-NP
+or CC O
+Anglo-American NNP B-NP
+Corp. NNP I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mike NNP B-NP
+Kurtanjek NNP I-NP
+, , O
+a DT B-NP
+mining NN I-NP
+analyst NN I-NP
+at IN B-PP
+James NNP B-NP
+Capel NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+London NNP B-NP
+. . O
+
+`` `` O
+But CC O
+we PRP B-NP
+certainly RB B-ADVP
+like IN B-VP
+what WP B-NP
+we PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+so RB B-ADVP
+far RB I-ADVP
+. . O
+'' '' O
+
+But CC O
+Trelleborg NNP B-NP
+still RB B-ADVP
+must MD B-VP
+clear VB I-VP
+some DT B-NP
+tough JJ I-NP
+hurdles NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Andersson NNP I-NP
+acknowledges VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+mining NN I-NP
+division NN I-NP
+`` `` O
+will MD B-VP
+be VB I-VP
+busy JJ B-ADJP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+digesting VBG B-VP
+its PRP$ B-NP
+recent JJ I-NP
+expansion NN I-NP
+. . O
+'' '' O
+
+Booming JJ B-NP
+metals NNS I-NP
+prices NNS I-NP
+have VBP B-VP
+fueled VBN I-VP
+Trelleborg NNP B-NP
+'s POS B-NP
+recent JJ I-NP
+profit NN I-NP
+surge NN I-NP
+, , O
+raising VBG B-VP
+mining NN B-NP
+'s POS B-NP
+share NN I-NP
+of IN B-PP
+pretax JJ B-NP
+profit NN I-NP
+to TO B-PP
+68 CD B-NP
+% NN I-NP
+this DT B-NP
+year NN I-NP
+from IN B-PP
+a DT B-NP
+big JJ I-NP
+loss NN I-NP
+two CD B-NP
+years NNS I-NP
+earlier RBR B-ADVP
+. . O
+
+But CC O
+analysts NNS B-NP
+caution VBP B-VP
+an DT B-NP
+expected VBN I-NP
+fall NN I-NP
+in IN B-PP
+metal NN B-NP
+prices NNS I-NP
+next JJ B-NP
+year NN I-NP
+could MD B-VP
+slow VB I-VP
+profit NN B-NP
+growth NN I-NP
+. . O
+
+Mining NNP B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+remain VB I-VP
+Trelleborg NNP B-NP
+'s POS B-NP
+main JJ I-NP
+business NN I-NP
+. . O
+
+Analysts NNS B-NP
+say VBP B-VP
+its PRP$ B-NP
+chances NNS I-NP
+of IN B-PP
+success NN B-NP
+will MD B-VP
+likely RB I-VP
+hinge NN I-VP
+on IN B-PP
+how WRB B-ADVP
+well RB I-ADVP
+Trelleborg NNP B-NP
+manages VBZ B-VP
+to TO I-VP
+cooperate VB I-VP
+with IN B-PP
+Noranda NNP B-NP
+in IN B-PP
+the DT B-NP
+Falconbridge NNP I-NP
+venture NN I-NP
+. . O
+
+Noranda NNP B-NP
+and CC I-NP
+Trelleborg NNP I-NP
+each DT O
+came VBD B-VP
+close RB B-ADJP
+to TO B-PP
+winning VBG B-VP
+Falconbridge NNP B-NP
+alone RB B-ADVP
+before IN B-PP
+the DT B-NP
+successful JJ I-NP
+joint JJ I-NP
+bid NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+say VBP B-VP
+Noranda NNP B-NP
+would MD B-VP
+prefer VB I-VP
+to TO I-VP
+break VB I-VP
+up IN B-PRT
+Falconbridge NNP B-NP
+, , O
+and CC O
+that IN B-SBAR
+the DT B-NP
+Swedes NNPS I-NP
+-- : O
+relatively RB B-ADJP
+inexperienced JJ I-ADJP
+in IN B-PP
+international JJ B-NP
+mining NN I-NP
+operations NNS I-NP
+-- : O
+could MD B-VP
+have VB I-VP
+problems NNS B-NP
+holding VBG B-VP
+their PRP$ B-NP
+own JJ I-NP
+with IN B-PP
+a DT B-NP
+much RB I-NP
+bigger JJR I-NP
+partner NN I-NP
+like IN B-PP
+Noranda NNP B-NP
+operating VBG B-VP
+on IN B-PP
+its PRP$ B-NP
+home NN I-NP
+turf NN I-NP
+. . O
+
+Mr. NNP B-NP
+Andersson NNP I-NP
+insists VBZ B-VP
+that IN B-SBAR
+Trelleborg NNP B-NP
+and CC I-NP
+Noranda NNP I-NP
+have VBP B-VP
+n't RB I-VP
+discussed VBN I-VP
+a DT B-NP
+Falconbridge NNP I-NP
+break-up NN I-NP
+. . O
+
+Falconbridge NNP B-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+will MD B-VP
+continue VB I-VP
+operating VBG I-VP
+in IN B-PP
+its PRP$ B-NP
+current JJ I-NP
+form NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'d MD B-VP
+be VB I-VP
+reluctant JJ B-ADJP
+to TO B-VP
+accept VB I-VP
+50-50 JJ B-NP
+ownership NN I-NP
+in IN B-PP
+a DT B-NP
+manufacturing NN I-NP
+company NN I-NP
+. . O
+
+But CC O
+such JJ B-NP
+partnerships NNS I-NP
+are VBP B-VP
+common JJ B-ADJP
+in IN B-PP
+mining NN B-NP
+, , O
+where WRB B-ADVP
+there EX B-NP
+are VBP B-VP
+n't RB O
+problems NNS B-NP
+or CC O
+conflict NN B-NP
+of IN B-PP
+interest NN B-NP
+or CC O
+risk NN B-NP
+of IN B-PP
+cheating NN B-NP
+by IN B-PP
+a DT B-NP
+partner NN I-NP
+, , O
+'' '' O
+Trelleborg NNP B-NP
+'s POS B-NP
+president NN I-NP
+says NNS B-VP
+. . O
+
+Perhaps RB B-ADJP
+more RBR I-ADJP
+important JJ I-ADJP
+, , O
+both DT B-NP
+companies NNS I-NP
+share VBP B-VP
+Mr. NNP B-NP
+Andersson NNP I-NP
+'s POS B-NP
+belief NN I-NP
+in IN B-PP
+the DT B-NP
+coming VBG I-NP
+renaissance NN I-NP
+of IN B-PP
+base NN B-NP
+industries NNS I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+the DT B-NP
+1980s CD I-NP
+were VBD B-VP
+a DT B-NP
+decade NN I-NP
+of IN B-PP
+consumption NN B-NP
+, , O
+the DT B-NP
+'90s NNS I-NP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+investment NN I-NP
+decade NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Andersson NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+The DT B-NP
+whole NN I-NP
+of IN B-PP
+Europe NNP B-NP
+and CC O
+the DT B-NP
+industrialized VBN I-NP
+world NN I-NP
+is VBZ B-VP
+suffering VBG I-VP
+from IN B-PP
+a DT B-NP
+breakdown NN I-NP
+in IN B-PP
+infrastructure NN B-NP
+investment NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+beginning VBG I-VP
+to TO I-VP
+change VB I-VP
+. . O
+
+And CC O
+investment NN B-NP
+is VBZ B-VP
+the DT B-NP
+key JJ I-NP
+word NN I-NP
+for IN B-PP
+base NN B-NP
+metals NNS I-NP
+, , O
+and CC O
+most RBS B-NP
+other JJ I-NP
+businesses NNS I-NP
+Trelleborg NNP B-NP
+is VBZ B-VP
+in RB B-PP
+. . O
+
+Apple NNP B-NP
+Computer NNP I-NP
+Inc. NNP I-NP
+posted VBD B-VP
+improved VBN B-NP
+fiscal JJ I-NP
+fourth-quarter JJ I-NP
+profit NN I-NP
+due JJ B-ADVP
+largely RB I-ADVP
+to TO B-PP
+a DT B-NP
+$ $ I-NP
+48 CD I-NP
+million CD I-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+stock NN I-NP
+in IN B-PP
+Adobe NNP B-NP
+Systems NNP I-NP
+Inc NNP I-NP
+. . O
+
+Excluding VBG B-PP
+the DT B-NP
+gain NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+registered VBD B-VP
+a DT B-NP
+modest JJ I-NP
+4.6 CD I-NP
+% NN I-NP
+increase NN I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+29 CD I-NP
+to TO B-PP
+$ $ B-NP
+113 CD I-NP
+million CD I-NP
+, , O
+or CC O
+87 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+$ $ I-NP
+107.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+84 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Proceeds NNS B-NP
+of IN B-PP
+the DT B-NP
+Adobe NNP I-NP
+sale NN I-NP
+brought VBD B-VP
+net JJ B-NP
+income NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+to TO B-PP
+$ $ B-NP
+161.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.24 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Apple NN B-NP
+shares NNS I-NP
+fell VBD B-VP
+75 CD B-NP
+cents NNS I-NP
+in IN B-PP
+over-the-counter JJ B-NP
+trading NN I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+48 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Fiscal JJ B-NP
+fourth-quarter JJ I-NP
+sales NNS I-NP
+grew VBD B-VP
+about IN B-NP
+18 CD I-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.38 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.17 CD I-NP
+billion CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Without IN B-PP
+the DT B-NP
+Adobe NNP I-NP
+gain NN I-NP
+, , O
+Apple NNP B-NP
+'s POS B-NP
+full-year JJ I-NP
+operating NN I-NP
+profit NN I-NP
+edged VBD B-VP
+up IN B-ADVP
+1.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+406 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.16 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+400.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.08 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Including VBG B-PP
+the DT B-NP
+Adobe NNP I-NP
+gain NN I-NP
+, , O
+full-year JJ B-NP
+net NN I-NP
+was VBD B-VP
+$ $ B-NP
+454 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.53 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+rose VBD B-VP
+nearly RB B-NP
+30 CD I-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+5.28 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+4.07 CD I-NP
+billion CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+John NNP B-NP
+Sculley NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+credited VBD B-VP
+the DT B-NP
+Macintosh NNP I-NP
+SE\/30 NNP I-NP
+and CC I-NP
+IIcx NNP I-NP
+computers NNS I-NP
+, , O
+introduced VBN B-VP
+in IN B-PP
+the DT B-NP
+winter NN I-NP
+, , O
+for IN B-PP
+the DT B-NP
+brightened VBN I-NP
+sales NNS I-NP
+performance NN I-NP
+. . O
+
+Mr. NNP B-NP
+Sculley NNP I-NP
+also RB B-ADVP
+indicated VBD B-VP
+that IN B-SBAR
+sagging VBG B-NP
+margins NNS I-NP
+, , O
+which WDT B-NP
+dogged VBD B-VP
+the DT B-NP
+company NN I-NP
+through IN B-PP
+most RBS B-NP
+of IN B-PP
+1989 CD B-NP
+, , O
+began VBD B-VP
+to TO I-VP
+turn VB I-VP
+up IN B-PRT
+in IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+as IN B-SBAR
+chip NN B-NP
+prices NNS I-NP
+eased VBD B-VP
+. . O
+
+`` `` O
+Adverse JJ B-NP
+pressure NN I-NP
+on IN B-PP
+gross JJ B-NP
+margins NNS I-NP
+... : O
+has VBZ B-VP
+subsided VBN I-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+Sculley NNP I-NP
+said VBD B-VP
+. . O
+
+Margins NNS B-NP
+in IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+perked VBD B-VP
+up IN B-PRT
+, , O
+rising VBG B-VP
+to TO B-PP
+51 CD B-NP
+% NN I-NP
+from IN B-PP
+49.2 CD B-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+For IN B-PP
+all DT B-NP
+of IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+, , O
+however RB B-ADVP
+, , O
+the DT B-NP
+average JJ I-NP
+gross JJ I-NP
+margin NN I-NP
+was VBD B-VP
+49 CD B-NP
+% NN I-NP
+, , O
+below IN B-PP
+the DT B-NP
+average JJ I-NP
+1988 CD I-NP
+gross JJ I-NP
+margin NN I-NP
+of IN B-PP
+51 CD B-NP
+% NN I-NP
+. . O
+
+Lower JJR B-NP
+component NN I-NP
+costs NNS I-NP
+-- : O
+especially RB B-ADVP
+for IN B-PP
+DRAMs NNS B-NP
+, , O
+or CC O
+dynamic JJ B-NP
+random JJ I-NP
+access NN I-NP
+memory NN I-NP
+chips NNS I-NP
+-- : O
+were VBD B-VP
+cited VBN I-VP
+for IN B-PP
+the DT B-NP
+easing NN I-NP
+of IN B-PP
+margin NN B-NP
+pressure NN I-NP
+on IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+a DT B-NP
+spokeswoman NN I-NP
+said VBD B-VP
+. . O
+
+Looking VBG B-VP
+ahead RB B-ADVP
+to TO B-PP
+1990 CD B-NP
+, , O
+Mr. NNP B-NP
+Sculley NNP I-NP
+predicted VBD B-VP
+`` `` O
+another DT B-NP
+year NN I-NP
+of IN B-PP
+significant JJ B-NP
+revenue NN I-NP
+growth NN I-NP
+, , O
+'' '' O
+along IN B-ADVP
+with IN B-PP
+improved VBN B-NP
+profitability NN I-NP
+, , O
+as IN B-SBAR
+the DT B-NP
+recovery NN I-NP
+in IN B-PP
+gross JJ B-NP
+margins NNS I-NP
+continues VBZ B-VP
+into IN B-PP
+1990 CD B-NP
+. . O
+
+Gary NNP B-NP
+J. NNP I-NP
+Schantz NNP I-NP
+, , O
+44 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+was VBD B-VP
+named VBN I-VP
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+. . O
+
+Polymerix NNP B-NP
+makes VBZ B-VP
+lumber-like JJ B-NP
+materials NNS I-NP
+that IN B-NP
+it PRP B-NP
+describes VBZ B-VP
+as IN B-PP
+`` `` O
+plastic NN B-NP
+wood NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+operating VBG I-NP
+chief NN I-NP
+'s POS B-NP
+post NN I-NP
+is VBZ B-VP
+new JJ B-ADJP
+. . O
+
+Martin NNP B-NP
+Schrager NNP I-NP
+, , O
+51 CD B-NP
+, , O
+who WP B-NP
+had VBD B-VP
+been VBN I-VP
+president NN B-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+vice NN B-NP
+chairman NN I-NP
+. . O
+
+He PRP B-NP
+remains VBZ B-VP
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+Mr. NNP B-NP
+Schantz NNP I-NP
+was VBD B-VP
+vice NN B-NP
+president NN I-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+of IN B-PP
+the DT B-NP
+Acrylic NNP I-NP
+division NN I-NP
+of IN B-PP
+Polycast NNP B-NP
+Technology NNP I-NP
+Corp NNP I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+the DT B-NP
+board NN I-NP
+expanded VBN B-VP
+to TO B-PP
+six CD B-NP
+members NNS I-NP
+with IN B-PP
+the DT B-NP
+election NN I-NP
+of IN B-PP
+David NNP B-NP
+L. NNP I-NP
+Holewinski NNP I-NP
+, , O
+a DT B-NP
+consultant NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+said VBD B-VP
+it PRP B-NP
+privately RB B-ADVP
+placed VBD B-VP
+stock NN B-NP
+and CC I-NP
+warrants NNS I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+$ $ B-NP
+750,000 CD I-NP
+. . O
+
+Terry NNP B-NP
+L. NNP I-NP
+Haines NNP I-NP
+, , B-NP
+formerly RB I-NP
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+Canadian JJ B-NP
+operations NNS I-NP
+, , O
+was VBD B-VP
+elected VBN I-VP
+to TO B-PP
+the DT B-NP
+new JJ I-NP
+position NN I-NP
+of IN B-PP
+vice NN B-NP
+president NN I-NP
+, , O
+North NNP B-NP
+American JJ I-NP
+sales NNS I-NP
+, , O
+of IN B-PP
+this DT B-NP
+plastics NNS I-NP
+concern VBP I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+Larry NNP B-NP
+A. NNP I-NP
+Kushkin NNP I-NP
+, , O
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+, , O
+North NNP B-NP
+American JJ I-NP
+operations NNS I-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+head NN B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+international JJ I-NP
+automotive JJ I-NP
+operations NNS I-NP
+, , O
+another DT B-NP
+new JJ I-NP
+position NN I-NP
+. . O
+
+He PRP B-NP
+remains VBZ B-VP
+an DT B-NP
+executive JJ I-NP
+vice NN I-NP
+president NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+, , O
+and CC O
+his PRP$ B-NP
+new JJ I-NP
+position NN I-NP
+reflects VBZ B-VP
+`` `` O
+the DT B-NP
+growing VBG I-NP
+importance NN I-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+automotive JJ I-NP
+market NN I-NP
+as IN B-PP
+a DT B-NP
+market NN I-NP
+for IN B-PP
+A. NNP B-NP
+Schulman NNP I-NP
+'s POS B-NP
+high JJ I-NP
+performance NN I-NP
+plastic NN I-NP
+materials NNS I-NP
+. . O
+'' '' O
+
+Gordon NNP B-NP
+Trimmer NNP I-NP
+will MD B-VP
+succeed VB I-VP
+Mr. NNP B-NP
+Haines NNP I-NP
+as IN B-PP
+manager NN B-NP
+of IN B-PP
+Canadian JJ B-NP
+operations NNS I-NP
+, , O
+and CC O
+Mr. NNP B-NP
+Kushkin NNP I-NP
+'s POS B-NP
+former JJ I-NP
+position NN I-NP
+is VBZ B-VP
+n't RB I-VP
+being VBG I-VP
+filled VBN I-VP
+at IN B-PP
+this DT B-NP
+time NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+General NNP B-NP
+Electric NNP I-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+signed VBD B-VP
+a DT B-NP
+contract NN I-NP
+with IN B-PP
+the DT B-NP
+developers NNS I-NP
+of IN B-PP
+the DT B-NP
+Ocean NNP I-NP
+State NNP I-NP
+Power NNP I-NP
+project NN I-NP
+for IN B-PP
+the DT B-NP
+second JJ I-NP
+phase NN I-NP
+of IN B-PP
+an DT B-NP
+independent JJ I-NP
+$ $ I-NP
+400 CD I-NP
+million CD I-NP
+power NN I-NP
+plant NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+being VBG I-VP
+built VBN I-VP
+in IN B-PP
+Burrillville NNP B-NP
+, , O
+R.I NNP B-NP
+. . O
+
+GE NNP B-NP
+, , O
+along IN B-ADVP
+with IN B-PP
+a DT B-NP
+division NN I-NP
+of IN B-PP
+Ebasco NNP B-NP
+, , O
+a DT B-NP
+subsidiary NN I-NP
+of IN B-PP
+Enserch NNP B-NP
+Corp. NNP I-NP
+, , O
+have VBP B-VP
+been VBN I-VP
+building VBG I-VP
+the DT B-NP
+first JJ I-NP
+250-megawatt JJ I-NP
+phase NN I-NP
+of IN B-PP
+the DT B-NP
+project NN I-NP
+, , O
+which WDT B-NP
+they PRP B-NP
+expect VBP B-VP
+to TO I-VP
+complete VB I-VP
+in IN B-PP
+late JJ B-NP
+1990 CD I-NP
+. . O
+
+The DT B-NP
+second JJ I-NP
+portion NN I-NP
+will MD B-VP
+be VB I-VP
+completed VBN I-VP
+the DT B-NP
+following VBG I-NP
+year NN I-NP
+. . O
+
+GE NNP B-NP
+'s POS B-NP
+Power NNP I-NP
+Generation NNP I-NP
+subsidiary NN I-NP
+will MD B-VP
+operate VB I-VP
+and CC I-VP
+maintain VB I-VP
+the DT B-NP
+plant NN I-NP
+upon IN B-PP
+its PRP$ B-NP
+completion NN I-NP
+. . O
+
+The DT B-NP
+Environmental NNP I-NP
+Protection NNP I-NP
+Agency NNP I-NP
+is VBZ B-VP
+getting VBG I-VP
+a DT B-NP
+lot NN I-NP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+Superfund NNP I-NP
+program NN I-NP
+. . O
+
+Of IN B-PP
+the DT B-NP
+$ $ I-NP
+4.4 CD I-NP
+billion CD I-NP
+spent VBD B-VP
+so RB B-ADVP
+far RB I-ADVP
+on IN B-PP
+the DT B-NP
+program NN I-NP
+, , O
+60 CD B-NP
+% NN I-NP
+is VBZ B-VP
+going VBG I-VP
+for IN B-PP
+administrative JJ B-NP
+costs NNS I-NP
+, , O
+management NN B-NP
+and CC O
+research NN B-NP
+, , O
+the DT B-NP
+Office NNP I-NP
+of IN B-PP
+Technology NNP B-NP
+Assessment NNP I-NP
+just RB B-ADVP
+reported VBD B-VP
+. . O
+
+Only RB B-NP
+36 CD I-NP
+of IN I-NP
+1,200 CD I-NP
+priority NN I-NP
+cleanup NN I-NP
+sites NNS I-NP
+have VBP B-VP
+been VBN I-VP
+`` `` O
+decontaminated VBN B-VP
+. . O
+'' '' O
+
+Over IN B-PP
+the DT B-NP
+next JJ I-NP
+50 CD I-NP
+years NNS I-NP
+, , O
+$ $ B-NP
+500 CD I-NP
+billion CD I-NP
+is VBZ B-VP
+earmarked VBN I-VP
+for IN B-PP
+the DT B-NP
+program NN I-NP
+. . O
+
+At IN B-PP
+current JJ B-NP
+allocations NNS I-NP
+, , O
+that WDT B-NP
+means VBZ B-VP
+EPA NNP B-NP
+will MD B-VP
+be VB I-VP
+spending NN I-VP
+$ $ B-NP
+300 CD I-NP
+billion CD I-NP
+on IN B-PP
+itself PRP B-NP
+. . O
+
+It PRP B-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+toxic JJ B-ADJP
+, , O
+but CC O
+we PRP B-NP
+know VBP B-VP
+where WRB B-ADVP
+one CD B-NP
+waste NN I-NP
+dump NN I-NP
+is NNS B-VP
+. . O
+
+Chambers NNP B-NP
+Development NNP I-NP
+Co. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+Security NNP I-NP
+Bureau NNP I-NP
+Inc. NNP I-NP
+unit NN I-NP
+purchased VBN B-VP
+two CD B-NP
+security NN I-NP
+concerns NNS I-NP
+in IN B-PP
+Florida NNP B-NP
+that WDT B-NP
+will MD B-VP
+add VB I-VP
+$ $ B-NP
+2.1 CD I-NP
+million CD I-NP
+of IN B-PP
+annual JJ B-NP
+revenue NN I-NP
+. . O
+
+Purchase NNP B-NP
+of IN B-PP
+the DT B-NP
+businesses NNS I-NP
+serving VBG B-VP
+Miami NNP B-NP
+, , O
+Fort NNP B-NP
+Lauderdale NNP I-NP
+and CC O
+West NNP B-NP
+Palm NNP I-NP
+Beach NNP I-NP
+, , O
+Fla. NNP B-NP
+, , O
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+plan NN I-NP
+by IN B-PP
+Chambers NNP B-NP
+to TO B-VP
+expand VB I-VP
+in IN B-PP
+the DT B-NP
+growing VBG I-NP
+security NN I-NP
+industry NN I-NP
+. . O
+
+Terms NNS B-NP
+were VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+Basf NNP B-NP
+AG NNP I-NP
+said VBD B-VP
+it PRP B-NP
+moved VBD B-VP
+its PRP$ B-NP
+headquarters NN I-NP
+for IN B-PP
+Latin NNP B-NP
+America NNP I-NP
+to TO B-PP
+Mexico NNP B-NP
+and CC O
+the DT B-NP
+headquarters NN I-NP
+for IN B-PP
+the DT B-NP
+Asia\/Australia NNP I-NP
+regional JJ I-NP
+division NN I-NP
+to TO B-PP
+Singapore NNP B-NP
+, , O
+effective JJ B-ADJP
+Oct NNP B-NP
+. . O
+
+The DT B-NP
+central JJ I-NP
+offices NNS I-NP
+for IN B-PP
+both DT B-NP
+regions NNS I-NP
+were VBD B-VP
+previously RB I-VP
+located VBN I-VP
+in IN B-PP
+Ludwigshafen NNP B-NP
+, , O
+Basf NNP B-NP
+headquarters NN I-NP
+. . O
+
+The DT B-NP
+West JJ I-NP
+German JJ I-NP
+chemical NN I-NP
+concern NN I-NP
+called VBD B-VP
+the DT B-NP
+moves NNS I-NP
+a DT B-NP
+further JJ I-NP
+step NN I-NP
+in IN B-PP
+the DT B-NP
+internationalization NN I-NP
+of IN B-PP
+its PRP$ B-NP
+business NN I-NP
+activities NNS I-NP
+. . O
+
+Both DT B-NP
+regions NNS I-NP
+are VBP B-VP
+the DT B-NP
+fastest-growing JJ I-NP
+areas NNS I-NP
+for IN B-PP
+Basf NNP B-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+David NNP B-NP
+H. NNP I-NP
+Eisenberg NNP I-NP
+, , O
+53 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+was VBD B-VP
+named VBN I-VP
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+of IN B-PP
+Imasco NNP B-NP
+'s POS B-NP
+500-store JJ I-NP
+Peoples NNP I-NP
+Drug NNP I-NP
+Stores NNP I-NP
+Inc. NNP I-NP
+unit NN I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Alexandria NNP B-NP
+, , O
+Va NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Eisenberg NNP I-NP
+was VBD B-VP
+senior JJ B-NP
+executive JJ I-NP
+vice NN I-NP
+president NN I-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+. . O
+
+Imasco NNP B-NP
+is VBZ B-VP
+a DT B-NP
+tobacco NN I-NP
+, , I-NP
+retailing NN I-NP
+, , I-NP
+restaurant NN I-NP
+and CC I-NP
+financial JJ I-NP
+services NNS I-NP
+concern VBP I-NP
+. . O
+
+Lotus NNP B-NP
+Development NNP I-NP
+Corp. NNP I-NP
+is VBZ B-VP
+in IN B-PP
+talks NNS B-NP
+to TO B-VP
+sell VB I-VP
+its PRP$ B-NP
+Signal NNP I-NP
+stock-quote JJ I-NP
+service NN I-NP
+to TO B-PP
+Infotechnology NNP B-NP
+Inc. NNP I-NP
+, , O
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+parent NN I-NP
+of IN B-PP
+Financial NNP B-NP
+News NNP I-NP
+Network NNP I-NP
+, , O
+people NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+negotiations NNS I-NP
+said VBD B-VP
+. . O
+
+They PRP B-NP
+said VBD B-VP
+the DT B-NP
+price NN I-NP
+would MD B-VP
+be VB I-VP
+around IN B-NP
+$ $ I-NP
+10 CD I-NP
+million CD I-NP
+. . O
+
+Signal NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+an DT B-NP
+estimated VBN I-NP
+10,000 CD I-NP
+subscribers NNS I-NP
+and CC O
+is VBZ B-VP
+profitable JJ B-ADJP
+, , O
+provides VBZ B-VP
+stock NN B-NP
+quotes NNS I-NP
+over IN B-PP
+an DT B-NP
+FM NNP I-NP
+radio NN I-NP
+band NN I-NP
+that WDT B-NP
+can MD B-VP
+be VB I-VP
+received VBN I-VP
+by IN B-PP
+specially RB B-NP
+equipped VBN I-NP
+personal JJ I-NP
+computers NNS I-NP
+. . O
+
+The DT B-NP
+computers NNS I-NP
+will MD B-VP
+display VB I-VP
+stock NN B-NP
+prices NNS I-NP
+selected VBN B-VP
+by IN B-PP
+users NNS B-NP
+. . O
+
+Lotus NNP B-NP
+, , O
+Cambridge NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+rumored VBN I-VP
+to TO I-VP
+have VB I-VP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+four-year-old JJ I-NP
+unit NN I-NP
+under IN B-PP
+consideration NN B-NP
+for IN B-PP
+a DT B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+business NN I-NP
+is VBZ B-VP
+n't RB O
+related VBN B-ADJP
+to TO B-PP
+Lotus NNP B-NP
+'s POS B-NP
+main JJ I-NP
+businesses NNS I-NP
+of IN B-PP
+making VBG B-VP
+computer NN B-NP
+software NN I-NP
+and CC O
+publishing NN B-VP
+information NN B-NP
+on IN B-PP
+compact JJ B-NP
+disks NNS I-NP
+. . O
+
+`` `` O
+Please VB B-INTJ
+submit VB B-VP
+your PRP$ B-NP
+offers NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Felipe NNP B-NP
+Bince NNP I-NP
+Jr NNP I-NP
+. . O
+
+He PRP B-NP
+surveys VBZ B-VP
+the DT B-NP
+prospective JJ I-NP
+investors NNS I-NP
+gathered VBD B-VP
+in IN B-PP
+the DT B-NP
+board NN I-NP
+room NN I-NP
+of IN B-PP
+the DT B-NP
+Philippine JJ I-NP
+government NN I-NP
+'s POS B-NP
+Asset NNP I-NP
+Privatization NNP I-NP
+Trust NNP I-NP
+for IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+a DT B-NP
+36 CD I-NP
+% NN I-NP
+interest NN I-NP
+in IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+largest JJS I-NP
+paper NN I-NP
+mill NN I-NP
+. . O
+
+The DT B-NP
+agency NN I-NP
+expects VBZ B-VP
+the DT B-NP
+bids NNS I-NP
+to TO B-VP
+be VB I-VP
+equivalent NN B-ADJP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+80 CD I-NP
+million CD I-NP
+. . O
+
+Not RB B-NP
+a DT I-NP
+peso NN I-NP
+is VBZ B-VP
+offered VBN I-VP
+. . O
+
+Mr. NNP B-NP
+Bince NNP I-NP
+, , O
+the DT B-NP
+trust NN I-NP
+'s POS B-NP
+associate JJ I-NP
+executive JJ I-NP
+trustee NN I-NP
+, , O
+declares VBZ B-VP
+the DT B-NP
+bidding VBG I-NP
+a DT B-NP
+failure NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+getting VBG I-VP
+harder JJR B-ADJP
+to TO B-VP
+sell VB I-VP
+, , O
+'' '' O
+he PRP B-NP
+mutters VBZ B-VP
+as IN B-SBAR
+he PRP B-NP
+leaves VBZ B-VP
+the DT B-NP
+room NN I-NP
+. . O
+
+Indeed RB B-INTJ
+. . O
+Recently RB B-ADVP
+, , O
+the DT B-NP
+trust NN I-NP
+failed VBD B-VP
+to TO I-VP
+auction VB I-VP
+off IN B-PRT
+the DT B-NP
+paper NN I-NP
+mill NN I-NP
+, , O
+a DT B-NP
+bank NN I-NP
+, , O
+an DT B-NP
+office NN I-NP
+building NN I-NP
+and CC O
+a DT B-NP
+small JJ I-NP
+cotton-ginning JJ I-NP
+plant NN I-NP
+. . O
+
+Of IN B-PP
+the DT B-NP
+four CD I-NP
+, , O
+only RB B-NP
+the DT B-NP
+bank NN I-NP
+and CC O
+the DT B-NP
+plant NN I-NP
+drew VBD B-VP
+bids NNS B-NP
+-- : O
+one CD B-NP
+apiece RB B-ADVP
+. . O
+
+In IN B-PP
+October NNP B-NP
+1987 CD I-NP
+, , O
+President NNP B-NP
+Corazon NNP I-NP
+Aquino NNP I-NP
+vowed VBD B-VP
+that IN O
+her PRP$ B-NP
+government NN I-NP
+would MD B-VP
+`` `` I-VP
+get VB I-VP
+out IN B-ADVP
+of IN B-PP
+business NN B-NP
+'' '' O
+by IN B-PP
+selling VBG B-VP
+all DT B-NP
+or CC I-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+holdings NNS I-NP
+in IN B-PP
+the DT B-NP
+many JJ I-NP
+companies NNS I-NP
+taken VBN B-VP
+over IN B-PRT
+by IN B-PP
+the DT B-NP
+government NN I-NP
+during IN B-PP
+the DT B-NP
+20-year JJ I-NP
+rule NN I-NP
+of IN B-PP
+Ferdinand NNP B-NP
+Marcos NNP I-NP
+. . O
+
+Two CD B-NP
+years NNS I-NP
+later RB B-ADVP
+, , O
+Mrs. NNP B-NP
+Aquino NNP I-NP
+'s POS B-NP
+promise NN I-NP
+remains VBZ B-VP
+largely RB B-ADJP
+unfulfilled JJ I-ADJP
+. . O
+
+October NNP B-NP
+is VBZ B-VP
+a DT B-NP
+critical JJ I-NP
+month NN I-NP
+for IN B-PP
+the DT B-NP
+privatization NN I-NP
+program NN I-NP
+. . O
+
+Manila NNP B-NP
+is VBZ B-VP
+offering VBG I-VP
+several JJ B-NP
+major JJ I-NP
+assets NNS I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+and CC O
+is VBZ B-VP
+trying VBG I-VP
+to TO I-VP
+conclude VB I-VP
+sales NNS B-NP
+already RB B-VP
+arranged VBN I-VP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+the DT B-NP
+government NN I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+unveil VB I-VP
+plans NNS B-NP
+for IN B-PP
+privatizing VBG B-VP
+Philippine JJ B-NP
+Airlines NNPS I-NP
+, , O
+the DT B-NP
+national JJ I-NP
+carrier NN I-NP
+, , O
+an DT B-NP
+effort NN I-NP
+that DT B-NP
+lawyer NN B-NP
+and CC I-NP
+business NN I-NP
+columnist NN I-NP
+Rodolfo NNP I-NP
+Romero NNP I-NP
+calls VBZ B-VP
+`` `` O
+the DT B-NP
+bellwether NN I-NP
+of IN B-PP
+privatization NN B-NP
+. . O
+'' '' O
+
+All DT B-NP
+told VBD B-VP
+, , O
+there EX B-NP
+are VBP B-VP
+assets NNS B-NP
+on IN B-PP
+the DT B-NP
+line NN I-NP
+valued VBN B-VP
+at IN B-PP
+up IN B-NP
+to TO I-NP
+$ $ I-NP
+1.03 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+privatization NN I-NP
+program NN I-NP
+is VBZ B-VP
+designed VBN I-VP
+to TO I-VP
+rid VB I-VP
+the DT B-NP
+government NN I-NP
+of IN B-PP
+hundreds NNS B-NP
+of IN B-PP
+assets NNS B-NP
+and CC O
+to TO B-VP
+raise VB I-VP
+critically RB B-NP
+needed VBN I-NP
+funds NNS I-NP
+. . O
+
+Much RB B-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+from IN B-PP
+the DT B-NP
+sales NNS I-NP
+is VBZ B-VP
+earmarked VBN I-VP
+for IN B-PP
+a DT B-NP
+multibillion-dollar JJ I-NP
+agrarian-reform JJ I-NP
+program NN I-NP
+. . O
+
+But CC O
+efforts NNS B-NP
+have VBP B-VP
+been VBN I-VP
+thwarted VBN I-VP
+by IN B-PP
+official JJ B-NP
+indifference NN I-NP
+, , O
+bureaucratic JJ B-NP
+resistance NN I-NP
+, , O
+a DT B-NP
+legal JJ I-NP
+system NN I-NP
+that WDT B-NP
+operates VBZ B-VP
+at IN B-PP
+a DT B-NP
+snail NN I-NP
+'s POS B-NP
+pace NN I-NP
+, , O
+political JJ B-NP
+opposition NN I-NP
+and CC O
+government NN B-NP
+misjudgments NNS I-NP
+. . O
+
+Most JJS B-ADVP
+recently RB I-ADVP
+, , O
+a DT B-NP
+lack NN I-NP
+of IN B-PP
+buyers NNS B-NP
+has VBZ B-VP
+been VBN I-VP
+added VBN I-VP
+to TO B-PP
+the DT B-NP
+list NN I-NP
+. . O
+
+Rather RB B-PP
+than IN I-PP
+gathering NN B-VP
+momentum NN B-NP
+, , O
+the DT B-NP
+program NN I-NP
+is VBZ B-VP
+in IN B-PP
+danger NN B-NP
+of IN B-PP
+slowing VBG B-VP
+even RB B-ADVP
+more JJR I-ADVP
+as IN B-SBAR
+the DT B-NP
+government NN I-NP
+tackles VBZ B-VP
+several JJ B-NP
+big JJ I-NP
+assets NNS I-NP
+. . O
+
+The DT B-NP
+axiom NN I-NP
+appears VBZ B-VP
+to TO I-VP
+be VB I-VP
+that IN B-SBAR
+the DT O
+more RBR O
+valuable JJ O
+the DT B-NP
+asset NN I-NP
+, , O
+the DT O
+harder JJR O
+the DT B-NP
+privatization NN I-NP
+process NN I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+just RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+see VB I-VP
+a DT B-NP
+whole JJ I-NP
+lot NN I-NP
+happening VBG B-VP
+, , O
+'' '' O
+says VBZ B-VP
+an DT B-NP
+international JJ I-NP
+economist NN I-NP
+. . O
+
+To TO B-VP
+be VB I-VP
+sure JJ B-ADJP
+, , O
+the DT B-NP
+program NN I-NP
+has VBZ B-VP
+n't RB I-VP
+completely RB I-VP
+stalled VBN I-VP
+. . O
+
+The DT B-NP
+Asset NNP I-NP
+Privatization NNP I-NP
+Trust NNP I-NP
+, , O
+the DT B-NP
+agency NN I-NP
+chiefly RB B-ADJP
+responsible JJ I-ADJP
+for IN B-PP
+selling VBG B-VP
+government-held JJ B-NP
+properties NNS I-NP
+, , O
+has VBZ B-VP
+recorded VBN I-VP
+sales NNS B-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+500 CD I-NP
+million CD I-NP
+since IN B-SBAR
+it PRP B-NP
+began VBD B-VP
+functioning VBG I-VP
+in IN B-PP
+December NNP B-NP
+1986 CD I-NP
+. . O
+
+But CC O
+its PRP$ B-NP
+success NN I-NP
+has VBZ B-VP
+been VBN I-VP
+largely RB B-ADVP
+in IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+small JJ B-NP
+, , I-NP
+nonperforming JJ I-NP
+companies NNS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+valued VBN I-VP
+for IN B-PP
+their PRP$ B-NP
+assets NNS I-NP
+. . O
+
+Dealing VBG B-VP
+with IN B-PP
+the DT B-NP
+sales NNS I-NP
+this DT B-NP
+month NN I-NP
+could MD B-VP
+be VB I-VP
+particularly RB B-ADJP
+challenging VBG I-ADJP
+because IN B-SBAR
+almost RB B-NP
+every DT I-NP
+problem NN I-NP
+that WDT B-NP
+has VBZ B-VP
+hobbled VBN I-VP
+the DT B-NP
+program NN I-NP
+in IN B-PP
+the DT B-NP
+past NN I-NP
+is VBZ B-VP
+popping VBG I-VP
+up IN B-PRT
+again RB B-ADVP
+. . O
+
+Ramon NNP B-NP
+Garcia NNP I-NP
+, , O
+the DT B-NP
+Asset NNP I-NP
+Trust NNP I-NP
+'s POS B-NP
+executive JJ I-NP
+trustee NN I-NP
+, , O
+admits VBZ B-VP
+to TO B-PP
+what WP B-NP
+he PRP B-NP
+calls VBZ B-VP
+`` `` O
+temporary JJ B-NP
+setbacks NNS I-NP
+. . O
+'' '' O
+
+In IN B-PP
+light NN B-NP
+of IN B-PP
+the DT B-NP
+poor JJ I-NP
+results NNS I-NP
+recently RB B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+the DT B-NP
+agency NN I-NP
+is VBZ B-VP
+adopting VBG I-VP
+an DT B-NP
+`` `` I-NP
+attitude NN I-NP
+of IN B-PP
+flexibility NN B-NP
+. . O
+'' '' O
+
+October NNP B-NP
+'s POS B-NP
+troubles NNS I-NP
+began VBD B-VP
+when WRB B-ADVP
+the DT B-NP
+trust NN I-NP
+failed VBD B-VP
+to TO I-VP
+sell VB I-VP
+a DT B-NP
+state-owned JJ I-NP
+commercial JJ I-NP
+bank NN I-NP
+, , O
+Associated NNP B-NP
+Bank NNP I-NP
+, , O
+for IN B-PP
+the DT B-NP
+minimum JJ I-NP
+price NN I-NP
+of IN B-PP
+671 CD B-NP
+million CD I-NP
+pesos NNS I-NP
+-LRB- ( O
+$ $ B-NP
+31 CD I-NP
+million CD I-NP
+-RRB- ) O
+. . O
+
+At IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+month NN I-NP
+, , O
+the DT B-NP
+agency NN I-NP
+again RB B-ADVP
+will MD B-VP
+offer VB I-VP
+the DT B-NP
+bank NN I-NP
+. . O
+
+But CC O
+instead RB B-PP
+of IN I-PP
+a DT B-NP
+minimum JJ I-NP
+price NN I-NP
+, , O
+only RB B-NP
+a DT I-NP
+target NN I-NP
+price NN I-NP
+will MD B-VP
+be VB I-VP
+established VBN I-VP
+. . O
+
+Bankers NNS B-NP
+say VBP B-VP
+, , O
+however RB B-ADVP
+, , O
+that IN B-SBAR
+the DT B-NP
+government NN I-NP
+may MD B-VP
+have VB I-VP
+difficulty NN B-NP
+selling VBG B-VP
+the DT B-NP
+institution NN I-NP
+even RB B-ADVP
+without IN B-PP
+a DT B-NP
+floor NN I-NP
+price NN I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+has VBZ B-VP
+a DT B-NP
+negative JJ I-NP
+net JJ I-NP
+worth NN I-NP
+, , O
+they PRP B-NP
+say VBP B-VP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+special JJ B-NP
+bidding NN I-NP
+rules NNS I-NP
+give VBP B-VP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+former JJ I-NP
+owner NN I-NP
+, , O
+Leonardo NNP B-NP
+Ty NNP I-NP
+, , O
+the DT B-NP
+right NN I-NP
+to TO B-VP
+match VB I-VP
+the DT B-NP
+highest JJS I-NP
+bid NN I-NP
+. . O
+
+Mr. NNP B-NP
+Ty NNP I-NP
+lost VBD B-VP
+control NN B-NP
+to TO B-PP
+the DT B-NP
+government NN I-NP
+in IN B-PP
+1980 CD B-NP
+when WRB B-ADVP
+a DT B-NP
+government NN I-NP
+bank NN I-NP
+made VBD B-VP
+emergency NN B-NP
+loans NNS I-NP
+to TO B-PP
+the DT B-NP
+cash-strapped JJ I-NP
+institution NN I-NP
+. . O
+
+In IN B-PP
+1983 CD B-NP
+, , O
+the DT B-NP
+loans NNS I-NP
+were VBD B-VP
+converted VBN I-VP
+into IN B-PP
+equity NN B-NP
+, , O
+giving VBG B-VP
+Manila NNP B-NP
+98 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+bank NN I-NP
+, , O
+but CC O
+with IN B-PP
+the DT B-NP
+understanding NN I-NP
+that IN B-SBAR
+Mr. NNP B-NP
+Ty NNP I-NP
+had VBD B-VP
+repurchase NN B-NP
+rights NNS I-NP
+. . O
+
+His PRP$ B-NP
+ability NN I-NP
+to TO B-VP
+match VB I-VP
+any DT B-NP
+bid NN I-NP
+has VBZ B-VP
+scared VBN I-VP
+off IN B-PRT
+many JJ B-NP
+potential JJ I-NP
+buyers NNS I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+the DT B-NP
+government NN I-NP
+will MD B-VP
+try VB I-VP
+again RB B-ADVP
+within IN B-PP
+a DT B-NP
+month NN I-NP
+to TO B-VP
+sell VB I-VP
+the DT B-NP
+36 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Paper NNP B-NP
+Industries NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+the DT B-NP
+Philippines NNP I-NP
+, , O
+or CC O
+Picop NNP B-NP
+, , O
+as IN B-SBAR
+the DT B-NP
+paper NN I-NP
+mill NN I-NP
+is VBZ B-VP
+known VBN I-VP
+. . O
+
+The DT B-NP
+price NN I-NP
+will MD B-VP
+depend VB I-VP
+on IN B-PP
+how WRB B-NP
+much JJ I-NP
+Picop NNP B-NP
+shares NNS I-NP
+fetch VBP B-VP
+on IN B-PP
+the DT B-NP
+local JJ I-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+But CC O
+according VBG B-PP
+to TO B-PP
+bankers NNS B-NP
+and CC O
+stock NN B-NP
+analysts NNS I-NP
+who WP B-NP
+have VBP B-VP
+studied VBN I-VP
+the DT B-NP
+paper NN I-NP
+mill NN I-NP
+, , O
+price NN B-NP
+is VBZ B-VP
+n't RB O
+the DT B-NP
+only JJ I-NP
+consideration NN I-NP
+. . O
+
+As IN B-SBAR
+it PRP B-NP
+stands VBZ B-VP
+now RB B-ADVP
+, , O
+the DT B-NP
+government NN I-NP
+would MD B-VP
+continue VB I-VP
+to TO I-VP
+hold VB I-VP
+45 CD B-NP
+% NN I-NP
+of IN B-PP
+Picop NNP B-NP
+after IN B-SBAR
+the DT B-NP
+36 CD I-NP
+% NN I-NP
+stake NN I-NP
+is VBZ B-VP
+sold VBN I-VP
+. . O
+
+-LRB- ( O
+About IN B-NP
+7.5 CD I-NP
+% NN I-NP
+of IN B-PP
+Picop NNP B-NP
+is VBZ B-VP
+publicly RB I-VP
+traded VBN I-VP
+and CC O
+other JJ B-NP
+shareholders NNS I-NP
+own VB B-VP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+equity NN I-NP
+. . O
+-RRB- ) O
+
+Potential JJ B-NP
+buyers NNS I-NP
+, , B-NP
+mostly RB I-NP
+foreign JJ B-NP
+companies NNS I-NP
+, , O
+are VBP B-VP
+reluctant JJ B-ADJP
+to TO B-VP
+take VB I-VP
+a DT B-NP
+non-controlling JJ I-NP
+stake NN I-NP
+in IN B-PP
+a DT B-NP
+company NN I-NP
+that IN B-NP
+, , O
+by IN B-PP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+own JJ I-NP
+reckoning NN I-NP
+, , O
+needs VBZ B-VP
+some DT B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+in IN B-PP
+new JJ B-NP
+capital NN I-NP
+for IN B-PP
+rehabilitation NN B-NP
+. . O
+
+The DT B-NP
+prospect NN I-NP
+of IN B-PP
+buying VBG B-VP
+into IN B-PP
+a DT B-NP
+cash-hungry JJ I-NP
+company NN I-NP
+without IN B-PP
+getting VBG B-VP
+management NN B-NP
+control NN I-NP
+persuaded VBN B-VP
+at IN B-NP
+least JJS I-NP
+three CD I-NP
+foreign JJ I-NP
+buyers NNS I-NP
+, , O
+including VBG B-PP
+a DT B-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+Elders NNP I-NP
+group NN I-NP
+of IN B-PP
+Australia NNP B-NP
+, , O
+to TO B-VP
+pull VB I-VP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+bidding NN I-NP
+, , O
+the DT B-NP
+bankers NNS I-NP
+and CC I-NP
+analysts NNS I-NP
+say VBP B-VP
+. . O
+
+Mr. NNP B-NP
+Garcia NNP I-NP
+acknowledges VBZ B-VP
+the DT B-NP
+problem NN I-NP
+and CC O
+says VBZ B-VP
+the DT B-NP
+Asset NNP I-NP
+Trust NNP I-NP
+will MD B-VP
+study VB I-VP
+why WRB B-ADVP
+the DT B-NP
+bidding NN I-NP
+failed VBD B-VP
+and CC O
+what WP B-NP
+changes VBZ I-NP
+the DT B-NP
+agency NN I-NP
+may MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+offer VB I-VP
+. . O
+
+Under IN B-PP
+government NN B-NP
+regulations NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+foreign JJ B-NP
+ownership NN I-NP
+of IN B-PP
+Picop NNP B-NP
+'s POS B-NP
+equity NN I-NP
+is VBZ B-VP
+limited JJ I-VP
+to TO B-PP
+40 CD B-NP
+% NN I-NP
+. . O
+
+Even RB B-SBAR
+though IN I-SBAR
+the DT B-NP
+government NN I-NP
+would MD B-VP
+retain VB I-VP
+the DT B-NP
+45 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Picop NNP B-NP
+, , O
+critics NNS B-NP
+have VBP B-VP
+accused VBN I-VP
+the DT B-NP
+trust NN I-NP
+of IN B-PP
+selling VBG B-VP
+out RP B-PRT
+to TO B-PP
+foreigners NNS B-NP
+. . O
+
+A DT B-NP
+series NN I-NP
+of IN B-PP
+newspaper NN B-NP
+articles NNS I-NP
+accused VBD B-VP
+the DT B-NP
+trust NN I-NP
+of IN B-PP
+short-changing JJ B-VP
+the DT B-NP
+government NN I-NP
+over IN B-PP
+the DT B-NP
+Picop NNP I-NP
+sale NN I-NP
+. . O
+
+Mr. NNP B-NP
+Garcia NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+notified VBN I-VP
+of IN B-PP
+congressional JJ B-NP
+hearings NNS I-NP
+on IN B-PP
+the DT B-NP
+Picop NNP I-NP
+bidding NN I-NP
+and CC O
+possible JJ B-NP
+legislation NN I-NP
+covering VBG B-VP
+the DT B-NP
+paper NN I-NP
+mill NN I-NP
+'s POS B-NP
+sale NN I-NP
+, , O
+both DT B-NP
+prompted VBN B-VP
+by IN B-PP
+the DT B-NP
+criticism NN I-NP
+of IN B-PP
+the DT B-NP
+agency NN I-NP
+. . O
+
+The DT B-NP
+question NN I-NP
+of IN B-PP
+control NN B-NP
+could MD B-VP
+further VB I-VP
+hinder VB I-VP
+long-delayed JJ B-NP
+plans NNS I-NP
+for IN B-SBAR
+the DT B-NP
+government NN I-NP
+to TO B-VP
+divest VB I-VP
+itself PRP B-NP
+of IN B-PP
+Philippine JJ B-NP
+Airlines NNPS I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+it PRP B-NP
+has VBZ B-VP
+a DT B-NP
+99 CD I-NP
+% NN I-NP
+stake NN I-NP
+. . O
+
+The DT B-NP
+carrier NN I-NP
+has VBZ B-VP
+valuable JJ B-NP
+trans-Pacific JJ I-NP
+and CC I-NP
+Asian JJ I-NP
+routes NNS I-NP
+but CC O
+it PRP B-NP
+remains VBZ B-VP
+debt-laden JJ B-ADJP
+and CC O
+poorly RB B-ADJP
+managed VBD I-ADJP
+. . O
+
+This DT B-NP
+maker NN I-NP
+of IN B-PP
+electronic JJ B-NP
+measuring NN I-NP
+devices NNS I-NP
+named VBN B-VP
+two CD B-NP
+new JJ I-NP
+directors NNS I-NP
+, , O
+increasing VBG B-VP
+board NN B-NP
+membership NN I-NP
+to TO B-PP
+nine CD B-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+directors NNS I-NP
+are VBP B-VP
+Gordon NNP B-NP
+M. NNP I-NP
+Sprenger NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+LifeSpan NNP B-NP
+Inc. NNP I-NP
+, , O
+and CC O
+Peter NNP B-NP
+S. NNP I-NP
+Willmott NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Willmott NNP B-NP
+Services NNP I-NP
+Inc NNP I-NP
+. . O
+
+Gerard NNP B-NP
+E. NNP I-NP
+Wood NNP I-NP
+, , O
+51 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+was VBD B-VP
+elected VBN I-VP
+president NN B-NP
+, , O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+and CC O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+this DT B-NP
+minerals NNS I-NP
+and CC I-NP
+materials NNS I-NP
+company NN I-NP
+. . O
+
+He PRP B-NP
+succeeds VBZ B-VP
+Harry NNP B-NP
+A. NNP I-NP
+Durney NNP I-NP
+, , O
+65 CD B-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+retiring VBG I-VP
+from IN B-PP
+active JJ B-NP
+duty NN I-NP
+but CC O
+remains VBZ B-VP
+a DT B-NP
+director NN I-NP
+and CC I-NP
+consultant NN I-NP
+. . O
+
+Mr. NNP B-NP
+Wood NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+of IN B-PP
+Steep NNP B-NP
+Rock NNP I-NP
+Resources NNP I-NP
+Inc NNP I-NP
+. . O
+
+Eagle NNP B-NP
+Financial NNP I-NP
+Corp. NNP I-NP
+and CC O
+Webster NNP B-NP
+Financial NNP I-NP
+Corp. NNP I-NP
+, , O
+two CD B-NP
+Connecticut NNP I-NP
+savings NNS I-NP
+bank-holding JJ I-NP
+companies NNS I-NP
+, , O
+agreed VBD B-VP
+to TO I-VP
+merge VB I-VP
+in IN B-PP
+a DT B-NP
+tax-free JJ I-NP
+stock NN I-NP
+transaction NN I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+holding NN I-NP
+company NN I-NP
+, , O
+Webster\/Eagle NNP B-NP
+Bancorp NNP I-NP
+Inc. NNP I-NP
+, , O
+will MD B-VP
+have VB I-VP
+about RB B-NP
+$ $ I-NP
+1.2 CD I-NP
+billion CD I-NP
+of IN B-PP
+assets NNS B-NP
+and CC O
+19 CD B-NP
+banking NN I-NP
+offices NNS I-NP
+in IN B-PP
+Connecticut NNP B-NP
+. . O
+
+Tangible JJ B-NP
+capital NN I-NP
+will MD B-VP
+be VB I-VP
+about RB B-NP
+$ $ I-NP
+115 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+merger NN I-NP
+is VBZ B-VP
+subject NN B-ADJP
+to TO B-PP
+regulatory JJ B-NP
+clearance NN I-NP
+and CC O
+a DT B-NP
+definitive JJ I-NP
+agreement NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+merger NN I-NP
+, , O
+each DT B-NP
+share NN I-NP
+of IN B-PP
+Webster NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Waterbury NNP B-NP
+, , O
+will MD B-VP
+be VB I-VP
+converted VBN I-VP
+into IN B-PP
+one CD B-NP
+share NN I-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+company NN I-NP
+. . O
+
+Each DT B-NP
+share NN I-NP
+of IN B-PP
+Eagle NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Bristol NNP B-NP
+, , O
+will MD B-VP
+become VB I-VP
+0.95 CD B-NP
+share NN I-NP
+of IN B-PP
+Webster\/Eagle NNP B-NP
+. . O
+
+In IN B-PP
+American NNP B-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+Friday NNP B-NP
+, , O
+Eagle NNP B-NP
+shares NNS I-NP
+rose VBD B-VP
+12.5 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+11 CD I-NP
+. . O
+
+In IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+, , O
+Webster NNP B-NP
+shares NNS I-NP
+fell VBD B-VP
+25 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+12.375 CD I-NP
+. . O
+
+Webster NNP B-NP
+has VBZ B-VP
+3.5 CD B-NP
+million CD I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+and CC O
+Eagle NNP B-NP
+2.6 CD B-NP
+million CD I-NP
+. . O
+
+Their PRP$ B-NP
+indicated VBD I-NP
+market NN I-NP
+values NNS I-NP
+thus RB B-ADVP
+are VBP B-VP
+about RB B-NP
+$ $ I-NP
+43.3 CD I-NP
+million CD I-NP
+and CC I-NP
+$ $ I-NP
+28.6 CD I-NP
+million CD I-NP
+, , O
+respectively RB B-ADVP
+. . O
+
+Frank NNP B-NP
+J. NNP I-NP
+Pascale NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Eagle NNP B-NP
+, , O
+will MD B-VP
+be VB I-VP
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+firm NN I-NP
+and CC O
+James NNP B-NP
+C. NNP I-NP
+Smith NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Webster NNP B-NP
+, , O
+will MD B-VP
+take VB I-VP
+those DT B-NP
+posts NNS I-NP
+at IN B-PP
+Webster\/Eagle NNP B-NP
+. . O
+
+Harold NNP B-NP
+W. NNP I-NP
+Smith NNP I-NP
+Sr. NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Webster NNP B-NP
+, , O
+will MD B-VP
+become VB I-VP
+chairman NN B-NP
+emeritus NN I-NP
+and CC O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+company NN I-NP
+. . O
+
+Ralph NNP B-NP
+T. NNP I-NP
+Linsley NNP I-NP
+, , O
+vice NN B-NP
+chairman NN I-NP
+of IN B-PP
+Eagle NNP B-NP
+, , O
+will MD B-VP
+become VB I-VP
+vice NN B-NP
+chairman NN I-NP
+of IN B-PP
+Webster\/Eagle NNP B-NP
+. . O
+
+The DT B-NP
+board NN I-NP
+will MD B-VP
+be VB I-VP
+made VBN I-VP
+up IN B-PRT
+of IN B-PP
+seven CD B-NP
+directors NNS I-NP
+of IN B-PP
+each DT B-NP
+holding VBG I-NP
+company NN I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+interview NN I-NP
+, , O
+James NNP B-NP
+Smith NNP I-NP
+said VBD B-VP
+the DT B-NP
+banks NNS I-NP
+' POS B-NP
+`` `` I-NP
+markets NNS I-NP
+are VBP B-VP
+contiguous JJ B-ADJP
+and CC O
+their PRP$ B-NP
+business NN I-NP
+philosophies NNS I-NP
+are VBP B-VP
+similar JJ B-ADJP
+and CC I-ADJP
+conservative JJ I-ADJP
+. . O
+'' '' O
+
+Nonperforming JJ B-NP
+loans NNS I-NP
+will MD B-VP
+make VB I-VP
+up IN B-PRT
+only RB B-NP
+about IN I-NP
+0.5 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+combined VBN I-NP
+banks NNS I-NP
+' POS B-NP
+total JJ I-NP
+loans NNS I-NP
+outstanding JJ B-ADJP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+At IN B-PP
+June NNP B-NP
+30 CD I-NP
+, , O
+Webster NNP B-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+First NNP B-NP
+Federal NNP I-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Waterbury NNP B-NP
+, , O
+had VBD B-VP
+assets NNS B-NP
+of IN B-PP
+$ $ B-NP
+699 CD I-NP
+million CD I-NP
+. . O
+
+Eagle NNP B-NP
+, , O
+which WDT B-NP
+controls VBZ B-VP
+Bristol NNP B-NP
+Federal NNP I-NP
+Savings NNP I-NP
+Bank NNP I-NP
+and CC O
+First NNP B-NP
+Federal NNP I-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Torrington NNP B-NP
+, , O
+had VBD B-VP
+assets NNS B-NP
+of IN B-PP
+$ $ B-NP
+469.6 CD I-NP
+million CD I-NP
+on IN B-PP
+that DT B-NP
+date NN I-NP
+. . O
+
+Guillermo NNP B-NP
+Ortiz NNP I-NP
+'s POS B-NP
+Sept. NNP I-NP
+15 CD I-NP
+Americas NNP I-NP
+column NN I-NP
+, , O
+`` `` O
+Mexico NNP B-NP
+'s POS B-VP
+Been VBN I-VP
+Bitten VBN I-VP
+by IN B-PP
+the DT B-NP
+Privatization NN I-NP
+Bug NN I-NP
+, , O
+'' '' O
+is VBZ B-VP
+a DT B-NP
+refreshingly RB I-NP
+clear JJ I-NP
+statement NN I-NP
+of IN B-PP
+his PRP$ B-NP
+government NN I-NP
+'s POS B-NP
+commitment NN I-NP
+to TO B-PP
+privatization NN B-NP
+, , O
+and CC O
+must MD B-VP
+be VB I-VP
+welcomed VBN I-VP
+as IN B-PP
+such JJ B-NP
+by IN B-PP
+all DT B-NP
+Americans NNPS I-NP
+who WP B-NP
+wish VBP B-VP
+his PRP$ B-NP
+country NN I-NP
+well RB B-ADVP
+. . O
+
+The DT B-NP
+Mexico-United NNP I-NP
+States NNP I-NP
+Institute NNP I-NP
+is VBZ B-VP
+glad JJ B-ADJP
+to TO B-VP
+see VB I-VP
+such JJ B-NP
+a DT I-NP
+high JJ I-NP
+official NN I-NP
+as IN B-PP
+Mexico NNP B-NP
+'s POS B-NP
+undersecretary NN I-NP
+of IN B-PP
+finance NN B-NP
+view VB B-VP
+his PRP$ B-NP
+country NN I-NP
+'s POS B-NP
+reforms NNS I-NP
+`` `` O
+in IN B-PP
+the DT B-NP
+context NN I-NP
+of IN B-PP
+a DT B-NP
+larger JJR I-NP
+, , I-NP
+world-wide JJ I-NP
+process NN I-NP
+'' '' O
+of IN B-PP
+profound JJ B-NP
+change NN I-NP
+toward IN B-PP
+free-market JJ B-NP
+economics NNS I-NP
+, , O
+especially RB B-ADVP
+in IN B-PP
+the DT B-NP
+statist JJ I-NP
+countries NNS I-NP
+. . O
+
+Having VBG B-VP
+said VBN I-VP
+that IN B-NP
+, , O
+we PRP B-NP
+must MD B-VP
+caution VB I-VP
+against IN B-PP
+an DT B-NP
+apparent JJ I-NP
+tendency NN I-NP
+to TO B-VP
+overstate VB I-VP
+the DT B-NP
+case NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+not RB O
+quite RB B-ADJP
+true JJ I-ADJP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+that IN B-SBAR
+the DT B-NP
+Mexican JJ I-NP
+government NN I-NP
+has VBZ B-VP
+`` `` I-VP
+privatized VBN I-VP
+'' '' O
+Mexicana NNP B-NP
+de FW I-NP
+Aviacion NNP I-NP
+, , O
+as IN B-SBAR
+Mr. NNP B-NP
+Ortiz NNP I-NP
+claims VBZ B-VP
+. . O
+
+In IN B-PP
+the DT B-NP
+same JJ I-NP
+sentence NN I-NP
+he PRP B-NP
+contradicts VBZ B-VP
+himself PRP B-NP
+when WRB B-ADVP
+he PRP B-NP
+reports VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+government NN I-NP
+still RB B-ADVP
+retains VBZ B-VP
+40 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+total JJ I-NP
+equity NN I-NP
+of IN B-PP
+the DT B-NP
+airline NN I-NP
+. . O
+
+How WRB B-ADVP
+can MD O
+a DT B-NP
+company NN I-NP
+be VB B-VP
+considered VBN I-VP
+`` `` O
+privatized VBN B-ADJP
+'' '' O
+if IN B-SBAR
+the DT B-NP
+state NN I-NP
+is VBZ B-VP
+so RB I-VP
+heavily RB I-VP
+represented VBN I-VP
+in IN B-PP
+it PRP B-NP
+? . O
+
+-LRB- ( O
+True JJ B-INTJ
+, , O
+the DT B-NP
+Mexican JJ I-NP
+government NN I-NP
+has VBZ B-VP
+granted VBN I-VP
+`` `` B-NP
+control NN I-NP
+'' '' O
+over IN B-PP
+the DT B-NP
+airline NN I-NP
+to TO B-PP
+a DT B-NP
+new JJ I-NP
+private JJ I-NP
+consortium NN I-NP
+, , O
+but CC O
+its PRP$ B-NP
+propensity NN I-NP
+to TO B-VP
+take VB I-VP
+back RB B-ADVP
+what WP B-NP
+it PRP B-NP
+gives VBZ B-VP
+is VBZ B-VP
+too RB I-VP
+well RB I-VP
+known VBN I-VP
+to TO B-VP
+permit VB I-VP
+one CD B-NP
+to TO B-VP
+be VB I-VP
+sanguine JJ B-ADJP
+. . O
+-RRB- ) O
+
+Regrettably RB B-ADVP
+, , O
+too RB B-ADVP
+, , O
+Mr. NNP B-NP
+Ortiz NNP I-NP
+resorts VBZ B-VP
+to TO B-PP
+the DT B-NP
+familiar JJ I-NP
+`` `` I-NP
+numbers NNS I-NP
+game NN I-NP
+'' '' O
+when WRB B-ADVP
+he PRP B-NP
+boasts VBZ B-VP
+that IN B-SBAR
+`` `` O
+fewer JJR B-NP
+than IN I-NP
+392 CD I-NP
+-LCB- ( O
+state NN O
+enterprises NNS O
+-RCB- ) O
+currently RB B-ADVP
+remain VB B-VP
+in IN B-PP
+the DT B-NP
+public JJ I-NP
+sector NN I-NP
+, , O
+'' '' O
+down RB B-ADVP
+from IN B-PP
+the DT B-NP
+`` `` I-NP
+1,155 CD I-NP
+public JJ I-NP
+entities NNS I-NP
+that WDT B-NP
+existed VBD B-VP
+in IN B-PP
+1982 CD B-NP
+. . O
+
+'' '' O
+But CC O
+the DT B-NP
+enterprises NNS I-NP
+still RB B-ADVP
+in IN B-PP
+state NN B-NP
+hands NNS I-NP
+include VBP B-VP
+the DT B-NP
+biggest JJS I-NP
+and CC I-NP
+most RBS I-NP
+economically RB I-NP
+powerful JJ I-NP
+ones NNS I-NP
+in IN B-PP
+Mexico NNP B-NP
+; : O
+indeed RB B-ADVP
+, , O
+they PRP B-NP
+virtually RB B-ADVP
+constitute VBP B-VP
+the DT B-NP
+economic JJ I-NP
+infrastructure NN I-NP
+. . O
+
+I PRP B-NP
+refer VBP B-VP
+essentially RB B-ADVP
+to TO B-PP
+petroleum NN B-NP
+, , O
+electric JJ B-NP
+power NN I-NP
+, , O
+banking NN B-NP
+and CC O
+newsprint NN B-NP
+. . O
+
+Those DT B-NP
+enterprises NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+are VBP B-VP
+not RB I-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+privatized VBN I-VP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+officially RB I-VP
+considered VBN I-VP
+`` `` O
+strategic JJ B-ADJP
+, , O
+'' '' O
+and CC O
+their PRP$ B-NP
+privatization NN I-NP
+is VBZ B-VP
+prohibited VBN I-VP
+by IN B-PP
+the DT B-NP
+Mexican JJ I-NP
+Constitution NNP I-NP
+. . O
+
+In IN B-PP
+language NN B-NP
+that WDT B-NP
+sidesteps VBZ B-VP
+the DT B-NP
+issue NN I-NP
+, , O
+Mr. NNP B-NP
+Ortiz NNP I-NP
+writes VBZ B-VP
+, , O
+`` `` O
+The DT B-NP
+divestiture NN I-NP
+of IN B-PP
+nonpriority NN B-NP
+and CC I-NP
+nonstrategic JJ I-NP
+public JJ I-NP
+enterprises NNS I-NP
+is VBZ B-VP
+an DT B-NP
+essential JJ I-NP
+element NN I-NP
+of IN B-PP
+President NNP B-NP
+Carlos NNP I-NP
+Salinas NNP I-NP
+'s POS B-NP
+plan NN I-NP
+to TO B-VP
+modernize VB I-VP
+Mexico NNP B-NP
+'s POS B-NP
+economy NN I-NP
+... : O
+. . O
+'' '' O
+
+Yet RB O
+clearly RB B-ADVP
+, , O
+modernization NN B-NP
+must MD B-VP
+embrace VB I-VP
+its PRP$ B-NP
+key JJ I-NP
+industries NNS I-NP
+before IN O
+it PRP B-NP
+can MD B-VP
+be VB I-VP
+said VB I-VP
+to TO I-VP
+have VB I-VP
+caught VBN I-VP
+the DT B-NP
+`` `` I-NP
+privatization NN I-NP
+bug NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+bottom NN I-NP
+line NN I-NP
+, , O
+however RB B-ADVP
+, , O
+is VBZ B-VP
+not RB O
+economic JJ B-NP
+but CC I-NP
+political JJ I-NP
+reform NN I-NP
+. . O
+
+A DT B-NP
+long JJ I-NP
+succession NN I-NP
+of IN B-PP
+Mexican JJ B-NP
+presidents NNS I-NP
+arbitrarily RB B-VP
+nationalized VBD I-VP
+whatever WDT B-NP
+industry NN I-NP
+they PRP B-NP
+took VBD B-VP
+a DT B-NP
+fancy JJ I-NP
+to TO B-PP
+, , O
+without IN B-PP
+having VBG B-VP
+to TO I-VP
+answer VB I-VP
+to TO B-PP
+the DT B-NP
+public NN I-NP
+. . O
+
+To TO B-VP
+guarantee VB I-VP
+that IN B-SBAR
+Mexicana NNP B-NP
+de FW I-NP
+Aviacion NNP I-NP
+and CC O
+other JJ B-NP
+companies NNS I-NP
+will MD B-VP
+really RB I-VP
+be VB I-VP
+privatized VBN I-VP
+, , O
+Mexico NNP B-NP
+needs VBZ B-VP
+a DT B-NP
+pluri-party JJ I-NP
+political JJ I-NP
+system NN I-NP
+that WDT B-NP
+will MD B-VP
+ensure VB I-VP
+democracy NN B-NP
+and CC B-NP
+hence RB I-NP
+accountability NN B-NP
+. . O
+
+Daniel NNP B-NP
+James NNP I-NP
+President NNP B-NP
+Mexico-United NNP B-NP
+States NNP I-NP
+Institute NNP I-NP
+
+The DT B-NP
+board NN I-NP
+of IN B-PP
+this DT B-NP
+Ponce NNP I-NP
+, , I-NP
+Puerto NNP I-NP
+Rico NNP I-NP
+concern NN I-NP
+voted VBD B-VP
+to TO I-VP
+suspend VB I-VP
+payment NN B-NP
+of IN B-PP
+its PRP$ B-NP
+quarterly NN I-NP
+of IN B-PP
+11 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+third-largest JJ I-NP
+thrift NN I-NP
+institution NN I-NP
+in IN B-PP
+Puerto NNP B-NP
+Rico NNP I-NP
+also RB B-ADVP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+a DT B-NP
+return NN I-NP
+to TO B-PP
+profitability NN B-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+reports VBZ B-VP
+operating VBG B-NP
+results VBZ I-NP
+this DT B-NP
+week NN I-NP
+. . O
+
+Ponce NNP B-NP
+Federal NNP I-NP
+said VBD B-VP
+the DT B-NP
+dividend NN I-NP
+was VBD B-VP
+suspended VBN I-VP
+in IN B-PP
+anticipation NN B-NP
+of IN B-PP
+more RBR B-NP
+stringent JJ I-NP
+capital NN I-NP
+requirements NNS I-NP
+under IN B-PP
+the DT B-NP
+Financial NNP I-NP
+Institutions NNP I-NP
+Reform NNP I-NP
+, , I-NP
+Recovery NNP I-NP
+, , I-NP
+and CC I-NP
+Enforcement NNP I-NP
+Act NNP I-NP
+of IN B-PP
+1989 CD B-NP
+. . O
+
+A DT B-NP
+labor-management JJ I-NP
+group NN I-NP
+is VBZ B-VP
+preparing VBG I-VP
+a DT B-NP
+revised VBN I-NP
+buy-out NN I-NP
+bid NN I-NP
+for IN B-PP
+United NNP B-NP
+Airlines NNPS I-NP
+parent NN I-NP
+UAL NNP I-NP
+Corp. NNP I-NP
+that WDT B-NP
+would MD B-VP
+transfer VB I-VP
+majority NN B-NP
+ownership NN I-NP
+to TO B-PP
+employees NNS B-NP
+while IN B-SBAR
+leaving VBG B-VP
+some DT B-NP
+stock NN I-NP
+in IN B-PP
+public JJ B-NP
+hands NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+people NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+group NN I-NP
+. . O
+
+The DT B-NP
+group NN I-NP
+has VBZ B-VP
+been VBN I-VP
+discussing VBG I-VP
+a DT B-NP
+proposal NN I-NP
+valued VBN B-VP
+in IN B-PP
+a DT B-NP
+range NN I-NP
+of IN B-PP
+$ $ B-NP
+225 CD I-NP
+to TO I-NP
+$ $ I-NP
+240 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+or CC O
+$ $ B-NP
+5.09 CD I-NP
+billion CD I-NP
+to TO I-NP
+$ $ I-NP
+5.42 CD I-NP
+billion CD I-NP
+. . O
+
+But CC O
+to TO B-VP
+avoid VB I-VP
+the DT B-NP
+risk NN I-NP
+of IN B-PP
+rejection NN B-NP
+, , O
+the DT B-NP
+group NN I-NP
+does VBZ B-VP
+n't RB I-VP
+plan VB I-VP
+to TO I-VP
+submit VB I-VP
+the DT B-NP
+plan NN I-NP
+formally RB B-ADVP
+at IN B-PP
+a DT B-NP
+UAL NNP I-NP
+board NN I-NP
+meeting NN I-NP
+today NN B-NP
+. . O
+
+Instead RB B-ADVP
+, , O
+the DT B-NP
+group NN I-NP
+is VBZ B-VP
+raising VBG I-VP
+the DT B-NP
+proposal NN I-NP
+informally RB B-ADVP
+to TO B-VP
+try VB I-VP
+to TO I-VP
+test VB I-VP
+the DT B-NP
+board NN I-NP
+'s POS B-NP
+reaction NN I-NP
+. . O
+
+People NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+company NN I-NP
+say VBP B-VP
+the DT B-NP
+board NN I-NP
+is VBZ B-VP
+n't RB O
+likely JJ B-ADJP
+to TO B-VP
+give VB I-VP
+quick JJ B-NP
+approval NN I-NP
+to TO B-PP
+any DT B-NP
+offer NN I-NP
+substantially RB B-ADVP
+below IN B-PP
+the DT B-NP
+$ $ I-NP
+300-a-share JJ I-NP
+, , I-NP
+$ $ I-NP
+6.79 CD I-NP
+billion CD I-NP
+buy-out NN I-NP
+bid NN I-NP
+that WDT B-NP
+collapsed VBD B-VP
+last JJ B-NP
+week NN I-NP
+after IN B-SBAR
+banks NNS B-NP
+would MD B-VP
+n't RB I-VP
+raise VB I-VP
+needed VBN B-NP
+loans NNS I-NP
+and CC O
+after IN B-SBAR
+a DT B-NP
+key JJ I-NP
+partner NN I-NP
+, , O
+British JJ B-NP
+Airways NNP I-NP
+PLC NNP I-NP
+, , O
+dropped VBD B-VP
+out RB B-PRT
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+Friday NNP B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+UAL NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+168.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+$ $ B-NP
+21.625 CD I-NP
+. . O
+
+But CC O
+the DT B-NP
+pilots NNS I-NP
+union NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+pushing VBG I-VP
+for IN B-PP
+a DT B-NP
+takeover NN I-NP
+since IN B-PP
+1987 CD B-NP
+, , O
+appears VBZ B-VP
+to TO I-VP
+be VB I-VP
+pressing VBG I-VP
+ahead RB B-ADVP
+with IN B-PP
+the DT B-NP
+revised VBN I-NP
+bid NN I-NP
+to TO B-VP
+avoid VB I-VP
+further JJ B-NP
+loss NN I-NP
+of IN B-PP
+momentum NN B-NP
+even RB B-SBAR
+though IN I-SBAR
+it PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+found VBN I-VP
+a DT B-NP
+partner NN I-NP
+to TO B-VP
+replace VB I-VP
+British NNP B-NP
+Air NNP I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+bidding NN I-NP
+group NN I-NP
+has VBZ B-VP
+n't RB I-VP
+had VBN I-VP
+time NN B-NP
+to TO B-VP
+develop VB I-VP
+its PRP$ B-NP
+latest JJS I-NP
+idea NN I-NP
+fully RB B-ADVP
+or CC O
+to TO B-VP
+discuss VB I-VP
+it PRP B-NP
+with IN B-PP
+banks NNS B-NP
+, , O
+it PRP B-NP
+believes VBZ B-VP
+bank NN B-NP
+financing NN I-NP
+could MD B-VP
+be VB I-VP
+obtained VBN I-VP
+. . O
+
+After IN B-PP
+the DT B-NP
+collapse NN I-NP
+of IN B-PP
+the DT B-NP
+last JJ I-NP
+effort NN I-NP
+, , O
+the DT B-NP
+group NN I-NP
+does VBZ B-VP
+n't RB I-VP
+plan VB I-VP
+to TO I-VP
+make VB I-VP
+any DT B-NP
+formal JJ I-NP
+proposal NN I-NP
+without IN B-PP
+binding NN B-NP
+commitments NNS I-NP
+from IN B-PP
+banks NNS B-NP
+covering VBG B-VP
+the DT B-NP
+entire JJ I-NP
+amount NN I-NP
+to TO B-VP
+be VB I-VP
+borrowed VBN I-VP
+. . O
+
+Under IN B-PP
+the DT B-NP
+type NN I-NP
+of IN B-PP
+transaction NN B-NP
+being VBG B-VP
+discussed VBN I-VP
+, , O
+the DT B-NP
+pilot-management JJ I-NP
+group NN I-NP
+would MD B-VP
+borrow VB I-VP
+several JJ B-NP
+billion CD I-NP
+dollars NNS I-NP
+from IN B-PP
+banks NNS B-NP
+that WDT B-NP
+could MD B-VP
+then RB I-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+finance VB I-VP
+a DT B-NP
+cash NN I-NP
+payment NN I-NP
+to TO B-PP
+current JJ B-NP
+holders NNS I-NP
+. . O
+
+Those DT B-NP
+current JJ I-NP
+holders NNS I-NP
+would MD B-VP
+also RB I-VP
+receive VB I-VP
+minority NN B-NP
+interests NNS I-NP
+in IN B-PP
+the DT B-NP
+new JJ I-NP
+company NN I-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+the DT B-NP
+group NN I-NP
+could MD B-VP
+offer VB I-VP
+$ $ B-NP
+200 CD I-NP
+a DT B-NP
+share NN I-NP
+in IN B-PP
+cash NN B-NP
+plus CC B-NP
+stock NN B-NP
+valued VBN B-VP
+at IN B-PP
+$ $ B-NP
+30 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+UAL NNP B-NP
+currently RB B-ADVP
+has VBZ B-VP
+22.6 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+fully RB B-VP
+diluted VBN I-VP
+. . O
+
+The DT B-NP
+new JJ I-NP
+structure NN I-NP
+would MD B-VP
+be VB I-VP
+similar JJ B-ADJP
+to TO B-PP
+a DT B-NP
+recapitalization NN I-NP
+in IN B-PP
+which WDT B-NP
+holders NNS B-NP
+get VBP B-VP
+a DT B-NP
+special JJ I-NP
+dividend NN I-NP
+yet RB O
+retain VB B-VP
+a DT B-NP
+controlling VBG I-NP
+ownership NN I-NP
+interest NN I-NP
+. . O
+
+The DT B-NP
+difference NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+current JJ B-NP
+holders NNS I-NP
+would MD B-VP
+n't RB I-VP
+retain VB I-VP
+majority NN B-NP
+ownership NN I-NP
+or CC I-NP
+control NN I-NP
+. . O
+
+The DT B-NP
+failed VBN I-NP
+takeover NN I-NP
+would MD B-VP
+have VB I-VP
+given VBN I-VP
+UAL NNP B-NP
+employees NNS I-NP
+75 CD B-NP
+% NN I-NP
+voting NN I-NP
+control NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+second-largest JJ I-NP
+airline NN I-NP
+, , O
+with IN B-PP
+management NN B-NP
+getting VBG B-VP
+10 CD B-NP
+% NN I-NP
+control NN I-NP
+and CC O
+British NNP B-NP
+Air NNP I-NP
+15 CD B-ADJP
+% NN I-ADJP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+n't RB O
+clear JJ B-ADJP
+how WRB B-ADVP
+the DT B-NP
+ownership NN I-NP
+would MD B-VP
+stack VB I-VP
+up IN B-PRT
+under IN B-PP
+the DT B-NP
+new JJ I-NP
+plan NN I-NP
+, , O
+but CC O
+employees NNS B-NP
+would MD B-VP
+keep VB I-VP
+more JJR B-NP
+than IN I-NP
+50 CD I-NP
+% NN I-NP
+. . O
+
+Management NNP B-NP
+'s POS B-NP
+total NN I-NP
+could MD B-VP
+be VB I-VP
+reduced VBN I-VP
+, , O
+and CC O
+the DT B-NP
+public NN I-NP
+could MD B-VP
+get VB I-VP
+more JJR B-NP
+than IN B-PP
+the DT B-NP
+15 CD I-NP
+% NN I-NP
+control NN I-NP
+that WDT B-NP
+had VBD B-VP
+been VBN I-VP
+earmarked VBN I-VP
+for IN B-PP
+British NNP B-NP
+Air NNP I-NP
+. . O
+
+One CD B-NP
+option NN I-NP
+the DT B-NP
+board NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+consider VB I-VP
+today NN B-NP
+is VBZ B-VP
+some DT B-NP
+sort NN B-NP
+of IN B-PP
+cooling-off JJ B-NP
+period NN I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+pilots NNS I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+continue VB I-VP
+to TO I-VP
+pursue VB I-VP
+the DT B-NP
+bid NN I-NP
+, , O
+UAL NNP B-NP
+Chairman NNP I-NP
+Stephen NNP I-NP
+Wolf NNP I-NP
+may MD B-VP
+be VB I-VP
+asked VBN I-VP
+to TO B-VP
+withdraw VB I-VP
+from IN B-PP
+the DT B-NP
+buy-out NN I-NP
+effort NN I-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+temporarily RB B-ADVP
+, , O
+and CC O
+to TO B-VP
+return VB I-VP
+to TO B-PP
+running VBG B-VP
+the DT B-NP
+company NN I-NP
+full JJ B-ADVP
+time NN I-ADVP
+. . O
+
+The DT B-NP
+board NN I-NP
+could MD B-VP
+eventually RB I-VP
+come VB I-VP
+under IN B-PP
+some DT B-NP
+pressure NN I-NP
+to TO B-VP
+sell VB I-VP
+the DT B-NP
+company NN I-NP
+because IN B-SBAR
+its PRP$ B-NP
+members NNS I-NP
+can MD B-VP
+be VB I-VP
+ousted VBN I-VP
+by IN B-PP
+a DT B-NP
+majority NN I-NP
+shareholder NN I-NP
+vote NN I-NP
+, , O
+particularly RB B-ADVP
+since IN B-SBAR
+one-third NN B-NP
+of IN B-PP
+UAL NNP B-NP
+stock NN I-NP
+is VBZ B-VP
+held VBN I-VP
+by IN B-PP
+takeover NN B-NP
+stock NN I-NP
+speculators NNS I-NP
+who WP B-NP
+favor VBP B-VP
+a DT B-NP
+sale NN I-NP
+. . O
+
+The DT B-NP
+labor-management JJ I-NP
+buy-out NN I-NP
+group NN I-NP
+plans NNS B-VP
+to TO I-VP
+keep VB I-VP
+its PRP$ B-NP
+offer NN I-NP
+on IN B-PP
+the DT B-NP
+table NN I-NP
+in IN B-PP
+an DT B-NP
+apparent JJ I-NP
+attempt NN I-NP
+to TO B-VP
+maintain VB I-VP
+its PRP$ B-NP
+bargaining NN I-NP
+position NN I-NP
+with IN B-PP
+the DT B-NP
+board NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+the DT B-NP
+only JJ I-NP
+outsider NN I-NP
+who WP B-NP
+has VBZ B-VP
+emerged VBN I-VP
+to TO I-VP
+lead VB I-VP
+such JJ B-NP
+a DT I-NP
+shareholder NN I-NP
+vote NN I-NP
+, , O
+Los NNP B-NP
+Angeles NNP I-NP
+investor NN I-NP
+Marvin NNP I-NP
+Davis NNP I-NP
+, , O
+who WP B-NP
+triggered VBD B-VP
+the DT B-NP
+buy-out NN I-NP
+with IN B-PP
+a DT B-NP
+$ $ I-NP
+5.4 CD I-NP
+billion CD I-NP
+bid NN I-NP
+in IN B-PP
+early JJ B-NP
+August NNP I-NP
+, , O
+is VBZ B-VP
+hanging VBG I-VP
+back RB B-ADVP
+-- : O
+apparently RB B-ADVP
+to TO B-VP
+avoid VB I-VP
+being VBG I-VP
+blamed VBN I-VP
+for IN B-PP
+contributing VBG B-VP
+to TO B-PP
+the DT B-NP
+deal NN I-NP
+'s POS B-NP
+collapse NN I-NP
+. . O
+
+Three CD B-NP
+top JJ I-NP
+advisers NNS I-NP
+to TO B-PP
+Mr. NNP B-NP
+Davis NNP I-NP
+visited VBD B-VP
+New NNP B-NP
+York NNP I-NP
+late JJ B-NP
+last JJ I-NP
+week NN I-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+in IN B-PP
+part NN B-NP
+to TO B-VP
+confer VB I-VP
+with IN B-PP
+executives NNS B-NP
+at IN B-PP
+Citicorp NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Davis NNP I-NP
+had VBD B-VP
+paid VBN I-VP
+$ $ B-NP
+6 CD I-NP
+million CD I-NP
+for IN B-PP
+Citicorp NNP B-NP
+'s POS B-NP
+backing VBG I-NP
+of IN B-PP
+his PRP$ B-NP
+last JJ I-NP
+bid NN I-NP
+. . O
+
+But CC O
+Citicorp NNP B-NP
+has VBZ B-VP
+lost VBN I-VP
+some DT B-NP
+credibility NN I-NP
+because IN B-SBAR
+it PRP B-NP
+also RB B-ADVP
+led VBD B-VP
+the DT B-NP
+unsuccessful JJ I-NP
+effort NN I-NP
+to TO B-VP
+gain VB I-VP
+bank NN B-NP
+loans NNS I-NP
+for IN B-PP
+the DT B-NP
+labor-management JJ I-NP
+group NN I-NP
+. . O
+
+On IN B-PP
+Friday NNP B-NP
+, , O
+British NNP B-NP
+Air NNP I-NP
+issued VBD B-VP
+a DT B-NP
+statement NN I-NP
+saying VBG B-VP
+it PRP B-NP
+`` `` O
+does VBZ B-VP
+not RB I-VP
+intend VB I-VP
+to TO I-VP
+participate VB I-VP
+in IN B-PP
+any DT B-NP
+new JJ I-NP
+deal NN I-NP
+for IN B-PP
+the DT B-NP
+acquisition NN I-NP
+of IN B-PP
+UAL NNP B-NP
+in IN B-PP
+the DT B-NP
+foreseeable JJ I-NP
+future NN I-NP
+. . O
+'' '' O
+
+However RB B-ADVP
+, , O
+several JJ B-NP
+people NNS I-NP
+said VBD B-VP
+that IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+might MD B-VP
+yet RB I-VP
+rejoin VB I-VP
+the DT B-NP
+bidding NN I-NP
+group NN I-NP
+and CC O
+that IN B-SBAR
+the DT B-NP
+carrier NN I-NP
+made VBD B-VP
+the DT B-NP
+statement NN I-NP
+to TO B-VP
+answer VB I-VP
+questions NNS B-NP
+from IN B-PP
+British JJ B-NP
+regulators NNS I-NP
+about IN B-PP
+how WRB B-ADVP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+use VB I-VP
+proceeds NNS B-NP
+of IN B-PP
+a DT B-NP
+securities NNS I-NP
+offering NN I-NP
+previously RB B-VP
+earmarked VBD I-VP
+for IN B-PP
+the DT B-NP
+UAL NNP I-NP
+buy-out NN I-NP
+. . O
+
+Also RB B-ADVP
+late JJ B-NP
+last JJ I-NP
+week NN I-NP
+, , O
+UAL NNP B-NP
+flight NN I-NP
+attendants NNS I-NP
+agreed VBD B-VP
+to TO I-VP
+participate VB I-VP
+with IN B-PP
+the DT B-NP
+pilots NNS I-NP
+in IN B-PP
+crafting VBG B-VP
+a DT B-NP
+revised VBN I-NP
+offer NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+machinists NNS I-NP
+union NN I-NP
+, , O
+whose WP$ B-NP
+opposition NN I-NP
+helped VBD B-VP
+scuttle VB I-VP
+the DT B-NP
+first JJ I-NP
+buy-out NN I-NP
+bid NN I-NP
+, , O
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+favor VB I-VP
+a DT B-NP
+recapitalization NN I-NP
+with IN B-PP
+a DT B-NP
+friendly JJ I-NP
+third-party JJ I-NP
+investor NN I-NP
+. . O
+
+One CD B-NP
+advantage NN I-NP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+intends VBZ B-VP
+to TO I-VP
+press VB I-VP
+with IN B-PP
+the DT B-NP
+board NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+pilots NNS B-NP
+have VBP B-VP
+agreed VBN I-VP
+to TO I-VP
+make VB I-VP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+in IN B-PP
+annual JJ B-NP
+cost NN I-NP
+concessions NNS I-NP
+to TO B-VP
+help VB I-VP
+finance VB I-VP
+a DT B-NP
+bid NN I-NP
+. . O
+
+Speculation NN B-NP
+has VBZ B-VP
+also RB I-VP
+arisen VBN I-VP
+that IN B-SBAR
+the DT B-NP
+UAL NNP I-NP
+executive NN I-NP
+most RBS B-VP
+closely RB I-VP
+identified VBN I-VP
+with IN B-PP
+the DT B-NP
+failure NN I-NP
+to TO B-VP
+gain VB I-VP
+bank NN B-NP
+financing NN I-NP
+, , O
+chief JJ B-NP
+financial JJ I-NP
+officer NN I-NP
+John NNP I-NP
+Pope NNP I-NP
+, , O
+may MD B-VP
+come VB I-VP
+under IN B-PP
+pressure NN B-NP
+to TO B-VP
+resign VB I-VP
+. . O
+
+However RB B-ADVP
+, , O
+people NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+said VBD B-VP
+Mr. NNP B-NP
+Pope NNP I-NP
+'s POS B-NP
+departure NN I-NP
+would MD B-VP
+weaken VB I-VP
+the DT B-NP
+airline NN I-NP
+'s POS B-NP
+management NN I-NP
+at IN B-PP
+a DT B-NP
+critical JJ I-NP
+time NN I-NP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+'s POS B-NP
+failure NN I-NP
+to TO B-VP
+obtain VB I-VP
+financing NN B-NP
+, , O
+UAL NNP B-NP
+remains VBZ B-VP
+obligated VBN B-ADJP
+to TO B-VP
+pay VB I-VP
+$ $ B-NP
+26.7 CD I-NP
+million CD I-NP
+in IN B-PP
+investment NN B-NP
+banking NN I-NP
+and CC O
+legal JJ B-NP
+fees NNS I-NP
+to TO B-PP
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+advisers NNS I-NP
+, , O
+Lazard NNP B-NP
+Freres NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc. NNP I-NP
+, , O
+and CC O
+Paul NNP B-NP
+Weiss NNP I-NP
+Rifkind NNP I-NP
+Wharton NNP I-NP
+& CC I-NP
+Garrison NNP I-NP
+. . O
+
+Whittle NNP B-NP
+Communications NNP I-NP
+Limited NNP I-NP
+Partnership NNP I-NP
+, , O
+Knoxville NNP B-NP
+, , O
+Tenn. NNP B-NP
+, , O
+will MD B-VP
+launch VB I-VP
+its PRP$ B-NP
+first JJ I-NP
+media NNS I-NP
+property NN I-NP
+targeting VBG B-VP
+Hispanic JJ B-NP
+women NNS I-NP
+. . O
+
+`` `` O
+La NNP B-NP
+Familia NNP I-NP
+de FW I-NP
+Hoy NNP I-NP
+, , O
+'' '' O
+or CC O
+`` `` O
+Today NN B-NP
+'s POS B-NP
+Family NNP I-NP
+, , O
+'' '' O
+will MD B-VP
+debut VB I-VP
+this DT B-NP
+spring NN I-NP
+and CC O
+will MD B-VP
+combine VB I-VP
+a DT B-NP
+national JJ I-NP
+bimonthly JJ I-NP
+magazine NN I-NP
+and CC O
+TV NN B-NP
+programming NN I-NP
+. . O
+
+The DT B-NP
+television NN I-NP
+element NN I-NP
+of IN B-PP
+`` `` O
+La NNP B-NP
+Familia NNP I-NP
+'' '' O
+includes VBZ B-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+two-minute JJ B-NP
+informational JJ I-NP
+features NNS I-NP
+to TO B-VP
+air VB I-VP
+seven CD B-NP
+days NNS I-NP
+a DT B-NP
+week NN I-NP
+on IN B-PP
+the DT B-NP
+Spanish-language NNP I-NP
+Univision NNP I-NP
+network NN I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Univision NNP B-NP
+Holdings NNP I-NP
+Inc. NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+80%-owned JJ O
+by IN B-PP
+Hallmark NNP B-NP
+Cards NNP I-NP
+Inc NNP I-NP
+. . O
+
+The DT B-NP
+features NNS I-NP
+will MD B-VP
+focus VB I-VP
+on IN B-PP
+`` `` O
+parenting NN B-NP
+, , O
+family NN B-NP
+health NN I-NP
+and CC I-NP
+nutrition NN I-NP
+, , O
+and CC O
+financial JJ B-NP
+management NN I-NP
+, , O
+'' '' O
+and CC O
+will MD B-VP
+carry VB I-VP
+30 CD B-NP
+seconds NNS I-NP
+of IN B-PP
+advertising NN B-NP
+. . O
+
+The DT B-NP
+magazines NNS I-NP
+, , B-NP
+also RB I-NP
+ad-supported JJ B-ADJP
+, , O
+will MD B-VP
+be VB I-VP
+distributed VBN I-VP
+in IN B-PP
+more JJR O
+than IN O
+10,000 CD O
+doctors NNS B-NP
+' POS B-NP
+offices NNS I-NP
+, , I-NP
+clinics NNS I-NP
+, , I-NP
+and CC I-NP
+health NN I-NP
+centers NNS I-NP
+in IN B-PP
+Hispanic JJ B-NP
+and CC I-NP
+largely RB I-NP
+Hispanic JJ I-NP
+communities NNS I-NP
+. . O
+
+WEIRTON NNP B-NP
+STEEL NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+completed VBD B-VP
+a DT B-NP
+$ $ I-NP
+300 CD I-NP
+million CD I-NP
+sale NN I-NP
+of IN B-PP
+10-year JJ B-NP
+notes NNS I-NP
+, , O
+the DT B-NP
+final JJ I-NP
+step NN I-NP
+in IN B-PP
+the DT B-NP
+1984 CD I-NP
+buy-out NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+from IN B-PP
+National NNP B-NP
+Steel NNP I-NP
+Corp NNP I-NP
+. . O
+
+The DT B-NP
+10 CD I-NP
+7\/8 CD I-NP
+% NN I-NP
+notes NNS I-NP
+were VBD B-VP
+priced VBN I-VP
+at IN B-PP
+99.5 CD B-NP
+% NN I-NP
+to TO B-VP
+yield VB I-VP
+10.958 CD B-NP
+% NN I-NP
+in IN B-PP
+an DT B-NP
+offering NN I-NP
+managed VBN B-VP
+by IN B-PP
+Bear NNP B-NP
+, , I-NP
+Stearns NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc. NNP I-NP
+and CC O
+Lazard NNP B-NP
+Freres NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Weirton NNP B-NP
+, , O
+of IN B-PP
+Weirton NNP B-NP
+, , O
+W. NNP B-NP
+Va. NNP I-NP
+, , O
+said VBD B-VP
+$ $ B-NP
+60.3 CD I-NP
+million CD I-NP
+of IN B-PP
+the DT B-NP
+proceeds NNS I-NP
+were VBD B-VP
+used VBN I-VP
+to TO B-VP
+prepay VB I-VP
+the DT B-NP
+remaining VBG I-NP
+amounts NNS I-NP
+on IN B-PP
+the DT B-NP
+note NN I-NP
+outstanding JJ B-ADJP
+to TO B-PP
+National NNP B-NP
+Intergroup NNP I-NP
+Inc. NNP I-NP
+, , O
+the DT B-NP
+parent NN I-NP
+of IN B-PP
+National NNP B-NP
+Steel NNP I-NP
+. . O
+
+Remaining VBG B-NP
+proceeds NNS I-NP
+were VBD B-VP
+used VBN I-VP
+to TO B-VP
+pay VB I-VP
+other JJ B-NP
+debt NN I-NP
+and CC O
+to TO B-VP
+finance VB I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+capital NN I-NP
+spending NN I-NP
+program NN I-NP
+. . O
+
+Lep NNP B-NP
+Group NNP I-NP
+PLC NNP I-NP
+of IN B-PP
+Britain NNP B-NP
+, , O
+which WDT B-NP
+holds VBZ B-VP
+a DT B-NP
+62.42 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Profit NN B-NP
+Systems NNP I-NP
+Inc. NNP I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+considering VBG I-VP
+courses NNS B-NP
+of IN B-PP
+action NN B-NP
+that WDT B-NP
+could MD B-VP
+result VB I-VP
+in IN B-PP
+its PRP$ B-NP
+having VBG B-VP
+`` `` O
+active JJ B-NP
+control NN I-NP
+'' '' O
+of IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+filing NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , O
+Lep NNP B-NP
+Group NNP I-NP
+said VBD B-VP
+a DT B-NP
+possible JJ I-NP
+course NN I-NP
+of IN B-PP
+action NN B-NP
+may MD B-VP
+include VB I-VP
+acquiring VBG I-VP
+some DT B-NP
+or CC I-NP
+all DT I-NP
+of IN B-PP
+the DT B-NP
+Profit NN I-NP
+Systems NNPS I-NP
+shares NNS I-NP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+already RB I-VP
+own JJ I-VP
+. . O
+
+It PRP B-NP
+noted VBD B-VP
+, , O
+however RB B-ADVP
+, , O
+that IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+determined VBN I-VP
+any DT B-NP
+specific JJ I-NP
+terms NNS I-NP
+of IN B-PP
+a DT B-NP
+possible JJ I-NP
+transaction NN I-NP
+. . O
+
+Lep NNP B-NP
+Group NNP I-NP
+and CC O
+affiliates NNS B-NP
+currently JJ B-ADVP
+control NN B-VP
+3,513,072 CD O
+Profit NN B-NP
+Systems NNPS I-NP
+common JJ B-NP
+shares NNS I-NP
+, , O
+or CC O
+62.42 CD B-NP
+% NN I-NP
+, , O
+the DT B-NP
+filing NN I-NP
+said VBD B-VP
+. . O
+
+Profit NN B-NP
+Systems NNPS I-NP
+, , O
+Valley NNP B-NP
+Stream NNP I-NP
+, , O
+N.Y. NNP B-NP
+, , O
+is VBZ B-VP
+an DT B-NP
+air NN I-NP
+freight NN I-NP
+forwarding NN I-NP
+concern NN I-NP
+. . O
+
+U.S. NNP B-NP
+official JJ I-NP
+reserve NN I-NP
+assets NNS I-NP
+rose VBD B-VP
+$ $ B-NP
+6.05 CD I-NP
+billion CD I-NP
+in IN B-PP
+September NNP B-NP
+, , O
+to TO B-PP
+$ $ B-NP
+68.42 CD I-NP
+billion CD I-NP
+, , O
+the DT B-NP
+Treasury NNP I-NP
+Department NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+gain NN I-NP
+compared VBN B-VP
+with IN B-PP
+a DT B-NP
+$ $ I-NP
+1.10 CD I-NP
+billion CD I-NP
+decline NN I-NP
+in IN B-PP
+reserve NN B-NP
+assets NNS I-NP
+in IN B-PP
+August NNP B-NP
+to TO B-PP
+$ $ B-NP
+62.36 CD I-NP
+billion CD I-NP
+, , O
+the DT B-NP
+department NN I-NP
+said VBD B-VP
+. . O
+
+U.S. NNP B-NP
+reserve NN I-NP
+assets NNS I-NP
+consist VBP B-VP
+of IN B-PP
+foreign JJ B-NP
+currencies NNS I-NP
+, , O
+gold NN B-NP
+, , O
+special JJ B-NP
+drawing NN I-NP
+rights NNS I-NP
+at IN B-PP
+the DT B-NP
+International NNP I-NP
+Monetary NNP I-NP
+Fund NNP I-NP
+and CC O
+the DT B-NP
+U.S. NNP I-NP
+reserve NN I-NP
+position NN I-NP
+-- : O
+its PRP$ B-NP
+ability NN I-NP
+to TO B-VP
+draw VB I-VP
+foreign JJ B-NP
+currencies NNS I-NP
+-- : O
+at IN B-PP
+the DT B-NP
+IMF NNP I-NP
+. . O
+
+The DT B-NP
+nation NN I-NP
+'s POS B-NP
+holdings NNS I-NP
+of IN B-PP
+foreign JJ B-NP
+currencies NNS I-NP
+increased VBN B-VP
+$ $ B-NP
+5.67 CD I-NP
+billion CD I-NP
+in IN B-PP
+September NNP B-NP
+to TO B-PP
+$ $ B-NP
+39.08 CD I-NP
+billion CD I-NP
+, , O
+while IN B-SBAR
+its PRP$ B-NP
+gold NN I-NP
+reserves NNS I-NP
+were VBD B-VP
+virtually RB B-ADJP
+unchanged JJ I-ADJP
+at IN B-PP
+$ $ B-NP
+11.07 CD I-NP
+billion CD I-NP
+. . O
+
+U.S. NNP B-NP
+holdings NNS I-NP
+of IN B-PP
+IMF NNP B-NP
+special JJ I-NP
+drawing NN I-NP
+rights NNS I-NP
+last JJ B-NP
+month NN I-NP
+rose VBD B-VP
+$ $ B-NP
+247 CD I-NP
+million CD I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+9.49 CD I-NP
+billion CD I-NP
+, , O
+and CC O
+its PRP$ B-NP
+reserve NN I-NP
+position NN I-NP
+at IN B-PP
+the DT B-NP
+IMF NNP I-NP
+increased VBD B-VP
+$ $ B-NP
+142 CD I-NP
+million CD I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+8.79 CD I-NP
+billion CD I-NP
+. . O
+
+Alusuisse NNP B-NP
+of IN B-PP
+America NNP B-NP
+Inc. NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+Consolidated NNP I-NP
+Aluminum NNP I-NP
+Corp. NNP I-NP
+subsidiary NN I-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+strategy NN I-NP
+to TO B-VP
+focus VB I-VP
+more JJR B-ADVP
+on IN B-PP
+aluminum NN B-NP
+packaging NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+Alusuisse NNP B-NP
+, , O
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+declined VBD B-VP
+to TO I-VP
+say VB I-VP
+how WRB B-NP
+much JJ I-NP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+get VB I-VP
+for IN B-PP
+the DT B-NP
+unit NN I-NP
+; : O
+the DT B-NP
+company NN I-NP
+has VBZ B-VP
+hired VBN I-VP
+First NNP B-NP
+Boston NNP I-NP
+Corp. NNP I-NP
+to TO B-VP
+help VB I-VP
+identify VB I-VP
+bidders NNS B-NP
+. . O
+
+Alusuisse NNP B-NP
+is VBZ B-VP
+a DT B-NP
+subsidiary NN I-NP
+of IN B-PP
+Swiss NNP B-NP
+Aluminium NNP I-NP
+Ltd. NNP I-NP
+, , O
+a DT B-NP
+Zurich NNP I-NP
+, , I-NP
+Switzerland NNP I-NP
+, , I-NP
+producer NN I-NP
+of IN B-PP
+aluminum NN B-NP
+, , O
+chemicals NNS B-NP
+and CC O
+packaging NN B-NP
+products NNS I-NP
+. . O
+
+Consolidated NNP B-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+1988 CD B-NP
+revenue NN I-NP
+of IN B-PP
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+, , O
+makes VBZ B-VP
+aluminum NN B-NP
+sheet NN I-NP
+and CC I-NP
+foil NN I-NP
+products NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+Hannibal NNP I-NP
+, , I-NP
+Ohio NNP I-NP
+, , I-NP
+and CC I-NP
+Jackson NNP I-NP
+, , I-NP
+Tenn. NNP I-NP
+, , I-NP
+rolling VBG I-NP
+mills NNS I-NP
+and CC O
+recycles VBZ B-VP
+aluminum NN B-NP
+at IN B-PP
+a DT B-NP
+plant NN I-NP
+in IN B-PP
+Bens NNP B-NP
+Run NNP I-NP
+, , O
+W.Va NNP B-NP
+. . O
+
+Manhattan NNP B-NP
+National NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+Michael NNP B-NP
+A. NNP I-NP
+Conway NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+was VBD B-VP
+elected VBN I-VP
+chief JJ B-NP
+executive NN I-NP
+of IN B-PP
+the DT B-NP
+holding VBG I-NP
+company NN I-NP
+'s POS B-NP
+two CD I-NP
+principal JJ I-NP
+insurance NN I-NP
+subsidiaries NNS I-NP
+. . O
+
+He PRP B-NP
+succeeds VBZ B-VP
+Paul NNP B-NP
+P. NNP I-NP
+Aniskovich NNP I-NP
+Jr. NNP I-NP
+, , O
+who WP B-NP
+resigned VBD B-VP
+to TO B-VP
+pursue VB I-VP
+other JJ B-NP
+business NN I-NP
+interests NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Conway NNP I-NP
+, , O
+42 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+was VBD B-VP
+elected VBN I-VP
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+of IN B-PP
+Manhattan NNP B-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+and CC O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+of IN B-PP
+Manhattan NNP B-NP
+National NNP I-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co NNP I-NP
+. . O
+
+Harry NNP B-NP
+Rossi NNP I-NP
+, , O
+69 CD B-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+holding VBG I-NP
+company NN I-NP
+, , O
+also RB B-ADVP
+remains VBZ B-VP
+chairman NN B-NP
+of IN B-PP
+Manhattan NNP B-NP
+National NNP I-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Conway NNP I-NP
+was VBD B-VP
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+and CC O
+chief JJ B-NP
+investment NN I-NP
+officer NN I-NP
+of IN B-PP
+Union NNP B-NP
+Central NNP I-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+of IN B-PP
+Cincinnati NNP B-NP
+, , O
+in IN B-PP
+1987 CD B-NP
+, , O
+when WRB B-ADVP
+Union NNP B-NP
+Central NNP I-NP
+bought VBD B-VP
+a DT B-NP
+54 CD I-NP
+% NN I-NP
+interest NN I-NP
+in IN B-PP
+Manhattan NNP B-NP
+National NNP I-NP
+Corp NNP I-NP
+. . O
+
+He PRP B-NP
+resigned VBD B-VP
+as IN B-PP
+an DT B-NP
+officer NN I-NP
+of IN B-PP
+Central NNP B-NP
+Life NNP I-NP
+to TO B-VP
+accept VB I-VP
+the DT B-NP
+Manhattan NNP I-NP
+National NNP I-NP
+presidency NN I-NP
+. . O
+
+Daniel NNP B-NP
+J. NNP I-NP
+Terra NNP I-NP
+, , O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+First NNP B-NP
+Illinois NNP I-NP
+Corp. NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+in IN B-PP
+August NNP B-NP
+he PRP B-NP
+reduced VBD B-VP
+his PRP$ B-NP
+stake NN I-NP
+in IN B-PP
+First NNP B-NP
+Illinois NNP I-NP
+to TO B-PP
+26.48 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+common JJ I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+In IN B-PP
+a DT B-NP
+filing NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , O
+Mr. NNP B-NP
+Terra NNP I-NP
+said VBD B-VP
+he PRP B-NP
+sold VBD B-VP
+263,684 CD B-NP
+First NNP I-NP
+Illinois NNP I-NP
+common JJ I-NP
+shares NNS I-NP
+from IN B-PP
+Aug. NNP B-NP
+9 CD I-NP
+to TO B-PP
+Aug. NNP B-NP
+28 CD I-NP
+for IN B-PP
+$ $ B-NP
+9.9375 CD I-NP
+to TO I-NP
+$ $ I-NP
+10.5625 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+sales NNS I-NP
+he PRP B-NP
+holds VBZ B-VP
+6,727,042 CD B-NP
+shares NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Terra NNP I-NP
+said VBD B-VP
+in IN B-PP
+the DT B-NP
+filing NN I-NP
+that IN B-SBAR
+he PRP B-NP
+sold VBD B-VP
+the DT B-NP
+stock NN I-NP
+to TO B-VP
+decrease VB I-VP
+his PRP$ B-NP
+position NN I-NP
+in IN B-PP
+the DT B-NP
+Evanston NNP I-NP
+, , I-NP
+Ill. NNP I-NP
+, , I-NP
+banking NN I-NP
+concern NN I-NP
+. . O
+
+He PRP B-NP
+may MD B-VP
+sell VB I-VP
+more JJR B-NP
+shares NNS I-NP
+in IN B-PP
+the DT B-NP
+open JJ I-NP
+market NN I-NP
+or CC B-PP
+in IN B-PP
+private JJ B-NP
+transactions NNS I-NP
+, , O
+but CC O
+would MD B-VP
+n't RB I-VP
+rule VB I-VP
+out IN B-PRT
+changing VBG B-VP
+his PRP$ B-NP
+intentions NNS I-NP
+and CC O
+buying VBG B-VP
+shares NNS B-NP
+, , O
+the DT B-NP
+filing NN I-NP
+said VBD B-VP
+. . O
+
+SciMed NNP B-NP
+Life NNP I-NP
+Systems NNP I-NP
+Inc. NNP I-NP
+, , O
+Minneapolis NNP B-NP
+, , O
+said VBD B-VP
+a DT B-NP
+federal JJ I-NP
+appeals NNS I-NP
+court VBP I-NP
+vacated VBD B-VP
+an DT B-NP
+earlier JJR I-NP
+summary NN I-NP
+judgment NN I-NP
+in IN B-PP
+its PRP$ B-NP
+favor NN I-NP
+. . O
+
+A DT B-NP
+lower JJR I-NP
+court NN I-NP
+in IN B-PP
+St. NNP B-NP
+Paul NNP I-NP
+had VBD B-VP
+ruled VBN I-VP
+in IN B-PP
+September NNP B-NP
+1988 CD I-NP
+that IN B-SBAR
+a DT B-NP
+heart NN I-NP
+catheter NN I-NP
+SciMed NNP B-NP
+manufactures VBZ B-VP
+does VBZ B-VP
+n't RB I-VP
+infringe VB I-VP
+on IN B-PP
+a DT B-NP
+patent NN I-NP
+owned VBN B-VP
+by IN B-PP
+Advanced NNP B-NP
+Cardiovascular NNP I-NP
+Systems NNPS I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Eli NNP B-NP
+Lilly NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+SciMed NNP B-NP
+said VBD B-VP
+the DT B-NP
+appeals NNS I-NP
+court VBP I-NP
+remanded VBD B-VP
+the DT B-NP
+case NN I-NP
+back RB B-ADVP
+to TO B-PP
+the DT B-NP
+district NN I-NP
+court NN I-NP
+for IN B-PP
+further JJ B-NP
+proceedings NNS I-NP
+. . O
+
+In IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+Friday NNP B-NP
+, , O
+SciMed NNP B-NP
+shares NNS I-NP
+tumbled VBD B-VP
+$ $ B-NP
+2.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+43 CD I-NP
+. . O
+
+SciMed NNP B-NP
+said VBD B-VP
+it PRP B-NP
+`` `` O
+remains VBZ B-VP
+committed VBN B-ADJP
+'' '' O
+both DT O
+to TO B-PP
+the DT B-NP
+`` `` I-NP
+vigorous JJ I-NP
+defense NN I-NP
+'' '' O
+of IN B-PP
+its PRP$ B-NP
+position NN I-NP
+that IN B-SBAR
+the DT B-NP
+catheter NN I-NP
+does VBZ B-VP
+n't RB I-VP
+infringe VB I-VP
+the DT B-NP
+Lilly NNP I-NP
+unit NN I-NP
+'s POS B-NP
+patent NN I-NP
+, , B-PP
+and CC I-PP
+to TO B-PP
+the DT B-NP
+pursuit NN I-NP
+of IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+counterclaims NNS I-NP
+, , O
+which WDT B-NP
+allege VBP B-VP
+Lilly NNP B-NP
+engaged VBD B-VP
+in IN B-PP
+antitrust JJ B-NP
+violations NNS I-NP
+and CC O
+other JJ B-NP
+wrongful JJ I-NP
+acts NNS I-NP
+. . O
+
+A DT B-NP
+REVISED VBN I-NP
+BID NNP I-NP
+FOR IN B-PP
+UAL NNP B-NP
+is VBZ B-VP
+being VBG I-VP
+prepared VBN I-VP
+by IN B-PP
+a DT B-NP
+labor-management JJ I-NP
+group NN I-NP
+, , O
+sources NNS B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+new JJ I-NP
+proposal NN I-NP
+, , O
+which WDT B-NP
+would MD B-VP
+transfer VB I-VP
+majority NN B-NP
+ownership NN I-NP
+of IN B-PP
+United NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+parent NN I-NP
+to TO B-PP
+employees NNS B-NP
+and CC O
+leave VB B-VP
+some DT B-NP
+stock NN I-NP
+in IN B-PP
+public JJ B-NP
+hands NNS I-NP
+, , O
+would MD B-VP
+be VB I-VP
+valued VBN I-VP
+at IN B-PP
+$ $ B-NP
+225 CD I-NP
+to TO I-NP
+$ $ I-NP
+240 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+or CC O
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+5.42 CD I-NP
+billion CD I-NP
+. . O
+
+But CC O
+UAL NNP B-NP
+'s POS B-NP
+board NN I-NP
+is VBZ B-VP
+n't RB I-VP
+expected VBN I-VP
+to TO I-VP
+give VB I-VP
+quick JJ B-NP
+approval NN I-NP
+to TO B-PP
+any DT B-NP
+offer NN I-NP
+substantially RB B-ADVP
+below IN B-PP
+the DT B-NP
+$ $ I-NP
+300-a-share JJ I-NP
+bid NN I-NP
+that WDT B-NP
+collapsed VBD B-VP
+recently RB B-ADVP
+. . O
+
+Takeover NN B-NP
+stock NN I-NP
+speculators NNS I-NP
+have VBP B-VP
+incurred VBN I-VP
+paper NN B-NP
+losses NNS I-NP
+of IN B-PP
+over IN B-NP
+$ $ I-NP
+700 CD I-NP
+million CD I-NP
+from IN B-PP
+the DT B-NP
+failed VBN I-NP
+UAL NNP I-NP
+offer NN I-NP
+, , O
+their PRP$ B-NP
+worst JJS I-NP
+loss NN I-NP
+ever RB B-ADVP
+on IN B-PP
+a DT B-NP
+single JJ I-NP
+deal NN I-NP
+. . O
+
+Ford NNP B-NP
+and CC I-NP
+Saab NNP I-NP
+ended VBD B-VP
+talks NNS B-NP
+about IN B-PP
+a DT B-NP
+possible JJ I-NP
+alliance NN I-NP
+after IN B-SBAR
+Ford NNP B-NP
+concluded VBD B-VP
+that IN B-SBAR
+the DT B-NP
+cost NN I-NP
+to TO B-VP
+modernize VB I-VP
+Saab NNP B-NP
+'s POS B-NP
+car NN I-NP
+operations NNS I-NP
+would MD B-VP
+outweigh VB I-VP
+the DT B-NP
+likely JJ I-NP
+return NN I-NP
+. . O
+
+The DT B-NP
+collapse NN I-NP
+Friday NNP B-NP
+prompted VBD B-VP
+speculation NN B-NP
+that IN B-SBAR
+Ford NNP B-NP
+would MD B-VP
+intensify VB I-VP
+its PRP$ B-NP
+pursuit NN I-NP
+of IN B-PP
+Jaguar NNP B-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+negotiating VBG I-VP
+a DT B-NP
+defensive JJ I-NP
+alliance NN I-NP
+with IN B-PP
+GM NNP B-NP
+. . O
+
+Stock NN B-NP
+prices NNS I-NP
+edged VBD B-VP
+up IN B-ADVP
+in IN B-PP
+quiet JJ B-NP
+trading NN I-NP
+Friday NNP B-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+industrials NNS I-NP
+rose VBD B-VP
+5.94 CD B-NP
+, , O
+to TO B-PP
+2689.14 CD B-NP
+, , O
+making VBG B-VP
+the DT B-NP
+gain NN I-NP
+for IN B-PP
+the DT B-NP
+week NN I-NP
+a DT B-NP
+record NN I-NP
+119.88 CD I-NP
+points NNS I-NP
+, , O
+or CC O
+4.7 CD B-NP
+% NN I-NP
+. . O
+
+Most JJS B-NP
+bond NN I-NP
+prices NNS I-NP
+fell VBD B-VP
+, , O
+but CC O
+junk NN B-NP
+bonds NNS I-NP
+and CC O
+the DT B-NP
+dollar NN I-NP
+rose VBD B-VP
+. . O
+
+New NNP B-NP
+York NNP I-NP
+City NNP I-NP
+bonds NNS I-NP
+were VBD B-VP
+sold VBN I-VP
+off IN B-PRT
+by IN B-PP
+many JJ B-NP
+investors NNS I-NP
+last JJ B-NP
+week NN I-NP
+amid IN B-PP
+political JJ B-NP
+and CC I-NP
+economic JJ I-NP
+uncertainty NN I-NP
+. . O
+
+More JJR B-NP
+banks NNS I-NP
+are VBP B-VP
+being VBG I-VP
+hurt VBN I-VP
+by IN B-PP
+Arizona NNP B-NP
+'s POS B-NP
+worsening VBG I-NP
+real-estate NN I-NP
+slump NN I-NP
+. . O
+
+First NNP B-NP
+Interstate NNP I-NP
+Bancorp NNP I-NP
+of IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+said VBD B-VP
+Friday NNP B-NP
+it PRP B-NP
+expects VBZ B-VP
+a DT B-NP
+$ $ I-NP
+16 CD I-NP
+million CD I-NP
+quarterly JJ I-NP
+loss NN I-NP
+, , O
+citing VBG B-VP
+property-loan JJ B-NP
+losses NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+Arizona NNP I-NP
+unit NN I-NP
+. . O
+
+OPEC NNP B-NP
+'s POS B-NP
+ability NN I-NP
+to TO B-VP
+produce VB I-VP
+more JJR B-NP
+oil NN I-NP
+than IN B-SBAR
+it PRP B-NP
+can MD B-VP
+sell VB I-VP
+is VBZ B-VP
+starting VBG I-VP
+to TO I-VP
+cast VB I-VP
+a DT B-NP
+shadow NN I-NP
+over IN B-PP
+world NN B-NP
+oil NN I-NP
+markets NNS I-NP
+. . O
+
+OPEC NNP B-NP
+officials NNS I-NP
+worry VBP B-VP
+that IN B-SBAR
+prices NNS B-NP
+could MD B-VP
+collapse VB I-VP
+a DT B-NP
+few JJ I-NP
+months NNS I-NP
+from IN B-PP
+now RB B-NP
+if IN B-SBAR
+the DT B-NP
+group NN I-NP
+does VBZ B-VP
+n't RB I-VP
+adopt VB I-VP
+new JJ B-NP
+quotas NNS I-NP
+. . O
+
+Saatchi NNP B-NP
+& CC I-NP
+Saatchi NNP I-NP
+has VBZ B-VP
+attracted VBN I-VP
+offers VBZ B-NP
+for IN B-PP
+some DT B-NP
+of IN B-PP
+its PRP$ B-NP
+advertising NN I-NP
+units NNS I-NP
+but CC O
+has VBZ B-VP
+rejected VBN I-VP
+them PRP B-NP
+, , O
+sources NNS B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+proposals NNS I-NP
+, , O
+from IN B-PP
+suitors NNS B-NP
+including VBG B-PP
+Interpublic NNP B-NP
+Group NNP I-NP
+, , O
+come VB B-VP
+as IN B-SBAR
+the DT B-NP
+London-based JJ I-NP
+ad NN I-NP
+giant NN I-NP
+struggles NNS B-VP
+through IN B-PP
+its PRP$ B-NP
+most RBS I-NP
+difficult JJ I-NP
+period NN I-NP
+ever RB B-ADVP
+. . O
+
+Qintex NNP B-NP
+Australia NNP I-NP
+suffered VBD B-VP
+another DT B-NP
+setback NN I-NP
+Friday NNP B-NP
+when WRB B-ADVP
+its PRP$ B-NP
+Los NNP I-NP
+Angeles-based JJ I-NP
+affiliate NN I-NP
+filed VBN B-VP
+for IN B-PP
+Chapter NN B-NP
+11 CD I-NP
+protection NN I-NP
+. . O
+
+Qintex NNP B-NP
+'s POS B-NP
+$ $ B-ADJP
+1.5 CD O
+billion CD O
+pact NN B-NP
+to TO B-VP
+buy VB I-VP
+MGM\/UA NNP B-NP
+collapsed VBD B-VP
+recently RB B-ADVP
+. . O
+
+Kodak NNP B-NP
+entered VBD B-VP
+the DT B-NP
+high-definition JJ I-NP
+television NN I-NP
+market NN I-NP
+by IN B-PP
+unveiling VBG B-VP
+a DT B-NP
+device NN I-NP
+that WDT B-NP
+can MD B-VP
+convert VB I-VP
+conventional JJ B-NP
+film NN I-NP
+into IN B-PP
+high-definition JJ B-NP
+video NN I-NP
+. . O
+
+A DT B-NP
+handful NN I-NP
+of IN B-PP
+small JJ B-NP
+U.S. NNP I-NP
+firms NNS I-NP
+are VBP B-VP
+refusing VBG I-VP
+to TO I-VP
+cede VB I-VP
+the DT B-NP
+HDTV-screen JJ I-NP
+market NN I-NP
+to TO B-PP
+Japanese JJ B-NP
+manufacturers NNS I-NP
+. . O
+
+Freight NN B-NP
+rates NNS I-NP
+are VBP B-VP
+bottoming VBG I-VP
+out IN B-PRT
+and CC O
+starting VBG B-VP
+to TO I-VP
+rebound VB I-VP
+. . O
+
+Trucking NNP B-NP
+, , I-NP
+shipping VBG I-NP
+and CC I-NP
+air-freight NN I-NP
+firms NNS I-NP
+are VBP B-VP
+all DT O
+planning NN B-VP
+rate NN B-NP
+increases NNS I-NP
+, , O
+reflecting VBG B-VP
+higher JJR B-NP
+costs NNS I-NP
+and CC O
+tightened VBD B-NP
+demand NN I-NP
+. . O
+
+Texaco NNP B-NP
+has VBZ B-VP
+purchased VBN I-VP
+an DT B-NP
+oil-producing JJ I-NP
+company NN I-NP
+in IN B-PP
+Texas NNP B-NP
+for IN B-PP
+$ $ B-NP
+476.5 CD I-NP
+million CD I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+Texaco NNP B-NP
+'s POS B-NP
+first JJ I-NP
+major JJ I-NP
+acquisition NN I-NP
+since IN B-SBAR
+the DT B-NP
+legal JJ I-NP
+battle NN I-NP
+with IN B-PP
+Pennzoil NNP B-NP
+began VBD B-VP
+over IN B-NP
+four CD I-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+Winnebago NNP B-NP
+posted VBD B-VP
+a DT B-NP
+widened VBD I-NP
+quarterly JJ I-NP
+loss NN I-NP
+and CC O
+slashed VBD B-VP
+its PRP$ B-NP
+dividend NN I-NP
+in IN B-PP
+half NN B-NP
+, , O
+reflecting VBG B-VP
+the DT B-NP
+deepening VBG I-NP
+slowdown NN I-NP
+in IN B-PP
+recreational JJ B-NP
+vehicle NN I-NP
+sales NNS I-NP
+. . O
+
+Markets NNS B-NP
+-- : O
+
+Stocks NNS B-NP
+: : O
+
+Volume NN B-NP
+164,830,000 CD B-NP
+shares NNS I-NP
+. . O
+
+Dow NNP B-NP
+Jones NNP I-NP
+industrials NNS I-NP
+2689.14 CD B-NP
+, , O
+up IN B-ADVP
+5.94 CD B-NP
+; : O
+transportation NN B-NP
+1230.80 CD B-NP
+, , O
+off IN B-ADVP
+32.71 CD B-NP
+; : O
+utilities NNS B-NP
+215.48 CD B-NP
+, , O
+up IN B-ADVP
+0.06 CD B-NP
+. . O
+
+Bonds NNS B-NP
+: : O
+
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Treasury NNP I-NP
+index NN I-NP
+3392.49 CD B-NP
+, , O
+off IN B-ADVP
+
+Commodities NNS B-NP
+: : O
+
+Dow NNP B-NP
+Jones NNP I-NP
+futures NNS I-NP
+index NN I-NP
+129.62 CD B-NP
+, , O
+off IN B-ADVP
+0.51 CD B-NP
+; : O
+spot NN B-NP
+index NN I-NP
+131.34 CD B-NP
+, , O
+up IN B-ADVP
+0.88 CD B-NP
+. . O
+
+Dollar NN B-NP
+: : O
+
+142.43 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+0.73 CD B-NP
+; : O
+1.8578 CD B-NP
+marks NNS I-NP
+, , O
+up IN B-ADVP
+0.0108 CD B-NP
+. . O
+
+Inmac NNP B-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+money-losing JJ I-NP
+direct JJ I-NP
+marketer NN I-NP
+of IN B-PP
+computer NN B-NP
+supplies NNS I-NP
+and CC I-NP
+accessories NNS I-NP
+, , O
+said VBD B-VP
+directors NNS B-NP
+suspended VBD B-VP
+payment NN B-NP
+of IN B-PP
+its PRP$ B-NP
+semiannual JJ I-NP
+dividend NN I-NP
+as IN B-PP
+too RB B-NP
+great JJ I-NP
+a DT I-NP
+drain NN I-NP
+on IN B-PP
+funds NNS B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+paid VBN B-VP
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+in IN B-PP
+April NNP B-NP
+. . O
+
+The DT B-NP
+directors NNS I-NP
+' POS B-NP
+action NN I-NP
+, , O
+taken VBN B-VP
+Oct. NNP B-NP
+10 CD I-NP
+but CC O
+announced VBD B-VP
+Friday NNP B-NP
+, , O
+had VBD B-VP
+little JJ B-NP
+or CC I-NP
+no DT I-NP
+effect NN I-NP
+on IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+stock NN I-NP
+, , O
+which WDT B-NP
+stagnated VBD B-VP
+at IN B-PP
+$ $ B-NP
+4.75 CD I-NP
+in IN B-PP
+light NN B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+. . O
+
+Inmac NNP B-NP
+recently RB B-ADVP
+disclosed VBD B-VP
+a DT B-NP
+$ $ I-NP
+12.3 CD I-NP
+million CD I-NP
+write-off NN I-NP
+related VBN B-VP
+to TO B-PP
+a DT B-NP
+corporate JJ I-NP
+restructuring NN I-NP
+that WDT B-NP
+resulted VBD B-VP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s VBZ B-NP
+posting VBG B-VP
+a DT B-NP
+$ $ I-NP
+6.4 CD I-NP
+million CD I-NP
+net JJ I-NP
+loss NN I-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+ended VBN B-VP
+July NNP B-NP
+29 CD I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+year-earlier JJ B-NP
+profit NN I-NP
+of IN B-PP
+$ $ B-NP
+9.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.02 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+12 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+249.5 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+222.8 CD I-NP
+million CD I-NP
+. . O
+
+`` `` O
+The DT B-NP
+board NN I-NP
+felt VBD B-VP
+that IN B-SBAR
+the DT B-NP
+continued VBN I-NP
+payment NN I-NP
+of IN B-PP
+our PRP$ B-NP
+semiannual JJ I-NP
+dividend NN I-NP
+was VBD B-VP
+inconsistent JJ B-ADJP
+with IN B-PP
+recent JJ B-NP
+operating NN I-NP
+results NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Kenneth NNP B-NP
+A. NNP I-NP
+Eldred NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+`` `` O
+All DT B-NP
+our PRP$ I-NP
+efforts NNS I-NP
+are VBP B-VP
+now RB I-VP
+focused VBN I-VP
+on IN B-PP
+improving VBG B-VP
+earnings NNS B-NP
+to TO B-PP
+the DT B-NP
+point NN I-NP
+where WRB B-ADVP
+we PRP B-NP
+can MD B-VP
+fund VB I-VP
+additional JJ B-NP
+new-country JJ I-NP
+development NN I-NP
+, , O
+continue VB B-VP
+to TO I-VP
+invest VB I-VP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+and CC O
+reinstate VB B-VP
+the DT B-NP
+dividend NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+added VBD B-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+offers VBZ B-VP
+more JJR B-NP
+than IN I-NP
+3,500 CD I-NP
+parts NNS I-NP
+and CC I-NP
+supplies NNS I-NP
+directly RB B-ADVP
+to TO B-PP
+microcomputer NN B-NP
+and CC I-NP
+minicomputer NN I-NP
+users NNS I-NP
+through IN B-PP
+catalog NN B-NP
+sales NNS I-NP
+. . O
+
+The DT B-NP
+Food NNP I-NP
+and CC I-NP
+Drug NNP I-NP
+Administration NNP I-NP
+said VBD B-VP
+American NNP B-NP
+Home NNP I-NP
+Products NNP I-NP
+Corp. NNP I-NP
+agreed VBD B-VP
+to TO I-VP
+recall VB I-VP
+certain JJ B-NP
+generic JJ I-NP
+drugs NNS I-NP
+that WDT B-NP
+were VBD B-VP
+produced VBN I-VP
+by IN B-PP
+its PRP$ B-NP
+Quantum NNP I-NP
+Pharmics NNP I-NP
+unit NN I-NP
+in IN B-PP
+Amityville NNP B-NP
+, , O
+N.Y NNP B-NP
+. . O
+
+Quantum NNP B-NP
+stopped VBD B-VP
+shipping VBG I-VP
+the DT B-NP
+drugs NNS I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+following VBG B-PP
+a DT B-NP
+federal JJ I-NP
+investigation NN I-NP
+regarding VBG B-VP
+information NN B-NP
+the DT B-NP
+company NN I-NP
+supplied VBN B-VP
+to TO B-VP
+obtain VB I-VP
+three CD B-NP
+drug NN I-NP
+approvals NNS I-NP
+. . O
+
+The DT B-NP
+FDA NNP I-NP
+requested VBD B-VP
+the DT B-NP
+recall NN I-NP
+of IN B-PP
+Quantum NNP B-NP
+'s POS B-NP
+mioxidil NN I-NP
+tablets NNS I-NP
+, , I-NP
+chlorazepate NN I-NP
+dipotassium NN I-NP
+tablets NNS I-NP
+and CC I-NP
+meclofenamate NN I-NP
+sodium NN I-NP
+capsules NNS I-NP
+because IN B-SBAR
+, , O
+it PRP B-NP
+said VBD B-VP
+, , O
+the DT B-NP
+size NN I-NP
+of IN B-PP
+the DT B-NP
+production NN I-NP
+runs VBZ I-NP
+submitted VBN B-VP
+for IN B-PP
+testing NN B-NP
+to TO B-VP
+gain VB I-VP
+FDA NNP B-NP
+approval NN I-NP
+was VBD B-VP
+in IN B-PP
+each DT B-NP
+case NN I-NP
+misrepresented VBD B-VP
+as IN B-PP
+much RB B-ADJP
+larger JJR I-ADJP
+than IN B-SBAR
+it PRP B-NP
+actually RB B-ADVP
+was VBD B-VP
+. . O
+
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+agreed VBD B-VP
+to TO I-VP
+recall VB I-VP
+four CD B-NP
+other JJ I-NP
+products NNS I-NP
+, , O
+trazadone NN B-NP
+, , I-NP
+doxepin NN I-NP
+, , I-NP
+diazepam NN I-NP
+and CC I-NP
+lorazapam NN I-NP
+, , O
+because IN B-PP
+of IN I-PP
+concerns NNS B-NP
+about IN B-PP
+data NNS B-NP
+submitted VBN B-VP
+in IN B-PP
+their PRP$ B-NP
+original JJ I-NP
+approval NN I-NP
+applications NNS I-NP
+before IN B-PP
+the DT B-NP
+FDA NNP I-NP
+. . O
+
+No DT B-NP
+safety NN I-NP
+problems NNS I-NP
+with IN B-PP
+the DT B-NP
+products NNS I-NP
+are VBP B-VP
+known VBN I-VP
+, , O
+the DT B-NP
+FDA NNP I-NP
+said VBD B-VP
+. . O
+
+An DT B-NP
+FDA NNP I-NP
+spokesperson NN I-NP
+said VBD B-VP
+the DT B-NP
+drugs NNS I-NP
+are VBP B-VP
+still RB B-ADVP
+available JJ B-ADJP
+under IN B-PP
+other JJ B-NP
+brand NN I-NP
+names NNS I-NP
+. . O
+
+Last JJ B-NP
+month NN I-NP
+, , O
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+suspending VBG I-VP
+production NN B-NP
+and CC I-NP
+distribution NN I-NP
+of IN B-PP
+all DT B-NP
+21 CD I-NP
+of IN B-PP
+Quantum NNP B-NP
+'s POS B-NP
+generic JJ I-NP
+drug NN I-NP
+products NNS I-NP
+pending VBG B-PP
+the DT B-NP
+completion NN I-NP
+of IN B-PP
+an DT B-NP
+exhaustive JJ I-NP
+internal JJ I-NP
+audit NN I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+temporarily RB B-ADVP
+closed VBD B-VP
+Quantum NNP B-NP
+, , O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+internal JJ I-NP
+investigation NN I-NP
+, , B-NP
+as RB I-NP
+well RB I-NP
+as IN I-NP
+the DT B-NP
+FDA NNP I-NP
+'s POS B-NP
+ongoing JJ I-NP
+inquiry NN I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+rose VBD B-VP
+75 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+105 CD I-NP
+on IN B-PP
+Friday NNP B-NP
+. . O
+
+Lyondell NNP B-NP
+Petrochemical NNP I-NP
+Co. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+54 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+73 CD I-NP
+million CD I-NP
+, , O
+or CC O
+91 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+160 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Year-earlier JJ B-NP
+per-share JJ I-NP
+results NNS I-NP
+are VBP B-VP
+n't RB O
+applicable JJ B-ADJP
+because IN B-SBAR
+the DT B-NP
+company NN I-NP
+went VBD B-VP
+public JJ B-NP
+in IN B-PP
+January NNP B-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+7.7 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.28 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.18 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+petrochemical NN I-NP
+maker NN I-NP
+said VBD B-VP
+the DT B-NP
+biggest JJS I-NP
+reason NN I-NP
+earnings NNS B-NP
+declined VBD B-VP
+was VBD B-VP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+production NN B-NP
+time NN I-NP
+and CC O
+the DT B-NP
+increased VBN I-NP
+costs NNS I-NP
+associated VBN B-VP
+with IN B-PP
+a DT B-NP
+temporary JJ I-NP
+maintenance NN I-NP
+closing VBG I-NP
+and CC O
+expansion NN B-NP
+of IN B-PP
+an DT B-NP
+olefins NNS I-NP
+plant VBP I-NP
+. . O
+
+Like IN B-PP
+other JJ B-NP
+refiners NNS I-NP
+, , O
+Lyondell NNP B-NP
+'s POS B-NP
+margins NNS I-NP
+for IN B-PP
+chemicals NNS B-NP
+and CC I-NP
+gasoline NN I-NP
+were VBD B-VP
+narrower JJR B-ADJP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+chemical NN B-NP
+margins NNS I-NP
+continued VBD B-VP
+to TO I-VP
+worsen VB I-VP
+this DT B-NP
+quarter NN I-NP
+, , O
+costs NNS B-NP
+will MD B-VP
+be VB I-VP
+lower JJR B-ADJP
+because IN B-SBAR
+the DT B-NP
+maintenance NN I-NP
+and CC I-NP
+expansions NNS I-NP
+are VBP B-VP
+complete JJ B-ADJP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+Friday NNP B-NP
+, , O
+Lyondell NNP B-NP
+was VBD B-VP
+unchanged JJ B-ADJP
+at IN B-PP
+$ $ B-NP
+18.50 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Four CD B-NP
+former JJ I-NP
+Cordis NNP I-NP
+Corp. NNP I-NP
+officials NNS I-NP
+were VBD B-VP
+acquitted VBN I-VP
+of IN B-PP
+federal JJ B-NP
+charges NNS I-NP
+related VBN B-VP
+to TO B-PP
+the DT B-NP
+Miami-based JJ I-NP
+company NN I-NP
+'s POS B-NP
+sale NN I-NP
+of IN B-PP
+pacemakers NNS B-NP
+, , O
+including VBG B-PP
+conspiracy NN B-NP
+to TO B-VP
+hide VB I-VP
+pacemaker NN B-NP
+defects NNS I-NP
+. . O
+
+Jurors NNS B-NP
+in IN B-PP
+U.S. NNP B-NP
+District NNP I-NP
+Court NNP I-NP
+in IN B-PP
+Miami NNP B-NP
+cleared VBD B-VP
+Harold NNP B-NP
+Hershhenson NNP I-NP
+, , O
+a DT B-NP
+former JJ I-NP
+executive JJ I-NP
+vice NN I-NP
+president NN I-NP
+; : O
+John NNP B-NP
+Pagones NNP I-NP
+, , O
+a DT B-NP
+former JJ I-NP
+vice NN I-NP
+president NN I-NP
+; : O
+and CC O
+Stephen NNP B-NP
+Vadas NNP I-NP
+and CC O
+Dean NNP B-NP
+Ciporkin NNP I-NP
+, , O
+who WP B-NP
+had VBD B-VP
+been VBN I-VP
+engineers NNS B-NP
+with IN B-PP
+Cordis NNP B-NP
+. . O
+
+Earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+, , O
+Cordis NNP B-NP
+, , O
+a DT B-NP
+maker NN I-NP
+of IN B-PP
+medical JJ B-NP
+devices NNS I-NP
+, , O
+agreed VBD B-VP
+to TO I-VP
+plead VB I-VP
+guilty JJ B-ADJP
+to TO B-PP
+felony NN B-NP
+and CC I-NP
+misdemeanor NN I-NP
+charges NNS I-NP
+related VBN B-ADJP
+to TO B-PP
+the DT B-NP
+pacemakers NNS I-NP
+and CC O
+to TO B-VP
+pay VB I-VP
+the DT B-NP
+government NN I-NP
+about RB B-NP
+$ $ I-NP
+5.7 CD I-NP
+million CD I-NP
+in IN B-PP
+fines NNS B-NP
+and CC O
+other JJ B-NP
+costs NNS I-NP
+. . O
+
+Cordis NNP B-NP
+sold VBD B-VP
+its PRP$ B-NP
+pacemaker NN I-NP
+operations NNS I-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+to TO B-PP
+Telectronics NNP B-NP
+Holding NNP I-NP
+Ltd. NNP I-NP
+of IN B-PP
+Australia NNP B-NP
+. . O
+
+PAPERS NNS B-NP
+: : O
+
+Management NNP B-NP
+and CC I-NP
+unions NNS I-NP
+representing VBG B-VP
+2,400 CD B-NP
+employees NNS I-NP
+at IN B-PP
+Torstar NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+Toronto NNP I-NP
+Star NNP I-NP
+reached VBD B-VP
+a DT B-NP
+tentative JJ I-NP
+contract NN I-NP
+agreement NN I-NP
+Friday NNP B-NP
+, , O
+averting VBG B-VP
+a DT B-NP
+strike NN I-NP
+by IN B-PP
+most RBS B-NP
+employees NNS I-NP
+of IN B-PP
+Canada NNP B-NP
+'s POS B-NP
+largest JJS I-NP
+daily JJ I-NP
+newspaper NN I-NP
+. . O
+
+Members NNS B-NP
+of IN B-PP
+the DT B-NP
+largest JJS I-NP
+union NN I-NP
+, , O
+representing VBG B-VP
+1,700 CD B-NP
+workers NNS I-NP
+, , O
+voted VBD B-VP
+in IN B-PP
+favor NN B-NP
+of IN B-PP
+the DT B-NP
+pact NN I-NP
+yesterday NN B-NP
+. . O
+
+Four CD B-NP
+other JJ I-NP
+unions NNS I-NP
+have VBP B-VP
+yet RB I-VP
+to TO I-VP
+vote VB I-VP
+, , O
+but CC O
+their PRP$ B-NP
+leadership NN I-NP
+also RB B-ADVP
+recommended VBD B-VP
+approval NN B-NP
+. . O
+
+The DT B-NP
+pact NN I-NP
+proposes VBZ B-VP
+a DT B-NP
+2 CD I-NP
+1\/2-year JJ I-NP
+contract NN I-NP
+with IN B-PP
+a DT B-NP
+raise NN I-NP
+of IN B-PP
+8 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+year NN I-NP
+, , O
+7 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+and CC O
+4 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+final JJ I-NP
+six CD I-NP
+months NNS I-NP
+. . O
+
+Amgen NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+second-quarter JJ I-NP
+earnings NNS I-NP
+increased VBN B-VP
+more JJR B-ADVP
+than IN I-ADVP
+tenfold RB I-ADVP
+to TO B-PP
+$ $ B-NP
+3.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+22 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+due JJ B-PP
+to TO B-PP
+increased VB B-NP
+sales NNS I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+new JJ I-NP
+antianemia JJ I-NP
+drug NN I-NP
+for IN B-PP
+kidney NN B-NP
+patients NNS I-NP
+. . O
+
+The DT B-NP
+Thousand NNP I-NP
+Oaks NNP I-NP
+, , I-NP
+Calif.-based JJ I-NP
+biotechnology NN I-NP
+company NN I-NP
+reported VBD B-VP
+a DT B-NP
+97 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+revenue NN B-NP
+to TO B-PP
+$ $ B-NP
+42.5 CD I-NP
+million CD I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+, , O
+Amgen NNP B-NP
+reported VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+320,000 CD I-NP
+, , O
+or CC O
+two CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+21.5 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+six CD I-NP
+months NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+reported VBD B-VP
+a DT O
+more JJR B-ADVP
+than IN I-ADVP
+sixfold JJ I-ADVP
+increase NN B-NP
+in IN B-PP
+earnings NNS B-NP
+to TO B-PP
+$ $ B-NP
+4.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+26 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+625,000 CD I-NP
+, , O
+or CC O
+four CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+77 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+72.6 CD I-NP
+million CD I-NP
+, , O
+from IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+$ $ I-NP
+41 CD I-NP
+million CD I-NP
+. . O
+
+LEBANESE JJ B-NP
+LAWMAKERS NNS I-NP
+APPROVED VBD B-VP
+a DT B-NP
+peace NN I-NP
+plan NN I-NP
+but CC O
+Aoun NNP B-NP
+rejected VBD B-VP
+it PRP B-NP
+. . O
+
+Lebanon NNP B-NP
+'s POS B-NP
+Parliament NNP I-NP
+passed VBD B-VP
+the DT B-NP
+power-sharing JJ I-NP
+accord NN I-NP
+to TO B-VP
+end VB I-VP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+14-year-old JJ I-NP
+conflict NN I-NP
+, , O
+but CC O
+the DT B-NP
+Christian NNP I-NP
+military JJ I-NP
+leader NN I-NP
+wad NN B-VP
+the DT B-NP
+plan NN I-NP
+was VBD B-VP
+`` `` O
+full JJ B-ADJP
+of IN B-PP
+ambiguities NNS B-NP
+. . O
+'' '' O
+
+The DT B-NP
+Arab NNP I-NP
+League-sponsored JJ I-NP
+pact NN I-NP
+, , O
+drafted VBN B-VP
+during IN B-PP
+three CD B-NP
+weeks NNS I-NP
+of IN B-PP
+talks NNS B-NP
+at IN B-PP
+the DT B-NP
+Saudi NNP I-NP
+Arabian NNP I-NP
+resort NN I-NP
+of IN B-PP
+Taif NNP B-NP
+, , O
+includes VBZ B-VP
+Syrian JJ B-NP
+proposals NNS I-NP
+for IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+a DT B-NP
+partial JJ I-NP
+troop NN I-NP
+pullout NN I-NP
+from IN B-PP
+Lebanon NNP B-NP
+, , O
+and CC O
+guarantees VBZ B-VP
+an DT B-NP
+equal JJ I-NP
+number NN I-NP
+of IN B-PP
+seats NNS B-NP
+for IN B-PP
+Moslems NNPS B-NP
+and CC I-NP
+Christians NNPS I-NP
+in IN B-PP
+the DT B-NP
+Parliament NNP I-NP
+. . O
+
+The DT B-NP
+rejection NN I-NP
+by IN B-PP
+Aoun NNP B-NP
+, , O
+who WP B-NP
+has VBZ B-VP
+demanded VBN I-VP
+a DT B-NP
+total JJ I-NP
+and CC I-NP
+immediate JJ I-NP
+pull-out NN I-NP
+of IN B-PP
+Damascus NNP B-NP
+'s POS B-NP
+33,000 CD I-NP
+troops NNS I-NP
+, , O
+puts VBZ B-VP
+the DT B-NP
+future NN I-NP
+of IN B-PP
+the DT B-NP
+agreement NN I-NP
+in IN B-PP
+doubt NN B-NP
+. . O
+
+NORTHERN NNP B-NP
+CALIFORNIA NNP I-NP
+BRACED NNP B-VP
+for IN B-PP
+earthquake-related JJ B-NP
+traffic NN I-NP
+jams NNS I-NP
+. . O
+
+As IN B-SBAR
+rescuers NNS B-NP
+pressed VBD B-VP
+their PRP$ B-NP
+efforts NNS I-NP
+after IN B-PP
+finding VBG B-VP
+a DT B-NP
+survivor NN I-NP
+in IN B-PP
+a DT B-NP
+collapsed VBN I-NP
+freeway NN I-NP
+, , O
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+girded VBD B-VP
+for IN B-PP
+hundreds NNS B-NP
+of IN I-NP
+thousands NNS I-NP
+of IN B-PP
+commuters NNS B-NP
+seeking VBG B-VP
+to TO I-VP
+avoid VB I-VP
+routes NNS B-NP
+ravaged VBN B-VP
+by IN B-PP
+last JJ B-NP
+Tuesday NNP I-NP
+'s POS B-NP
+tremor NN I-NP
+. . O
+
+In IN B-PP
+Oakland NNP B-NP
+, , O
+officials NNS B-NP
+said VBD B-VP
+the DT B-NP
+57-year-old JJ I-NP
+longshoreman NN I-NP
+who WP B-NP
+spent VBD B-VP
+four CD B-NP
+days NNS I-NP
+entombed VBN B-VP
+in IN B-PP
+rubble NN B-NP
+was VBD B-VP
+in IN B-PP
+critical JJ B-NP
+condition NN I-NP
+with IN B-PP
+slight JJ B-NP
+improvement NN I-NP
+. . O
+
+Estimates NNS B-NP
+of IN B-PP
+damage NN B-NP
+in IN B-PP
+the DT B-NP
+area NN I-NP
+, , O
+visited VBD B-VP
+Friday NNP B-NP
+by IN B-PP
+Bush NNP B-NP
+, , O
+topped VBD B-VP
+$ $ B-NP
+5 NN I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+baseball NN I-NP
+commissioner NN I-NP
+announced VBD B-VP
+that IN B-SBAR
+the DT B-NP
+third JJ I-NP
+game NN I-NP
+of IN B-PP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+between IN B-PP
+the DT B-NP
+Giants NNP I-NP
+and CC O
+the DT B-NP
+Athletics NNP I-NP
+would MD B-VP
+n't RB I-VP
+resume VB I-VP
+until IN B-PP
+Friday NNP B-NP
+. . O
+
+THE DT B-NP
+U.S. NNP I-NP
+. . O
+IS VBZ B-VP
+REQUIRED NNP I-VP
+to TO I-VP
+notify VB I-VP
+foreign JJ B-NP
+dictators NNS I-NP
+of IN B-PP
+certain JJ B-NP
+coup NN I-NP
+plans NNS I-NP
+. . O
+
+Under IN B-PP
+guidelines NNS B-NP
+included VBD B-VP
+in IN B-PP
+an DT B-NP
+exchange NN I-NP
+of IN B-PP
+letters NNS B-NP
+between IN B-PP
+the DT B-NP
+Reagan NNP I-NP
+administration NN I-NP
+and CC O
+the DT B-NP
+Senate NNP I-NP
+Intelligence NNP I-NP
+panel NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+must MD B-VP
+inform VB I-VP
+foreign JJ B-NP
+dictators NNS I-NP
+of IN B-PP
+plans NNS B-NP
+likely JJ B-ADJP
+to TO B-VP
+endanger VB I-VP
+their PRP$ B-NP
+lives NNS I-NP
+. . O
+
+The DT B-NP
+existence NN I-NP
+of IN B-PP
+the DT B-NP
+policy NN I-NP
+became VBD B-VP
+known VBN I-VP
+after IN B-SBAR
+Bush NNP B-NP
+disclosed VBD B-VP
+it PRP B-NP
+to TO B-PP
+seven CD B-NP
+GOP NNP I-NP
+senators NNS I-NP
+last JJ B-NP
+week NN I-NP
+, , O
+citing VBG B-VP
+the DT B-NP
+plan NN I-NP
+as IN B-PP
+an DT B-NP
+example NN I-NP
+of IN B-PP
+congressional JJ B-NP
+requirements NNS I-NP
+the DT B-NP
+administration NN I-NP
+contends VBZ B-VP
+contribute VB B-VP
+to TO B-PP
+the DT B-NP
+failure NN I-NP
+of IN B-PP
+covert JJ B-NP
+actions NNS I-NP
+, , O
+officials NNS B-NP
+said VBD B-VP
+. . O
+
+Bush NNP B-NP
+conceded VBD B-VP
+that IN B-SBAR
+the DT B-NP
+requirement NN I-NP
+did VBD B-VP
+n't RB I-VP
+affect VB I-VP
+a DT B-NP
+decision NN I-NP
+to TO B-VP
+lend VB I-VP
+only RB B-NP
+minor JJ I-NP
+support NN I-NP
+to TO B-PP
+this DT B-NP
+month NN I-NP
+'s POS B-NP
+failed VBD I-NP
+effort NN I-NP
+to TO B-VP
+oust VB I-VP
+Panama NNP B-NP
+'s POS B-NP
+Noriega NNP I-NP
+, , O
+aides NNS B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+shuttle NN I-NP
+Atlantis NNP I-NP
+'s POS B-NP
+crew NN I-NP
+prepared VBN B-VP
+to TO I-VP
+return VB I-VP
+to TO B-PP
+Earth NNP B-NP
+today NN B-NP
+several JJ B-NP
+hours NNS I-NP
+earlier RBR B-ADVP
+than IN B-SBAR
+planned VBN B-VP
+to TO B-VP
+avoid VB I-VP
+high JJ B-NP
+winds NNS I-NP
+forecast VBP B-VP
+at IN B-PP
+the DT B-NP
+landing NN I-NP
+site NN I-NP
+at IN B-PP
+Edwards NNP B-NP
+Air NNP I-NP
+Force NNP I-NP
+Base NNP I-NP
+, , O
+Calif NNP B-NP
+. . O
+
+The DT B-NP
+five CD I-NP
+astronauts NNS I-NP
+, , O
+who WP B-NP
+stowed VBD B-VP
+gear NN B-NP
+and CC O
+tested VBD B-VP
+the DT B-NP
+spacecraft NN I-NP
+'s POS B-NP
+steering NN I-NP
+, , O
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+unconcerned JJ B-ADJP
+about IN B-PP
+the DT B-NP
+touchy JJ I-NP
+weather NN I-NP
+expected VBN B-VP
+in IN B-PP
+the DT B-NP
+Mojave NNP I-NP
+Desert NNP I-NP
+. . O
+
+Commonwealth NN B-NP
+leaders NNS I-NP
+issued VBD B-VP
+a DT B-NP
+declaration NN I-NP
+giving VBG B-VP
+South NNP B-NP
+Africa NNP I-NP
+six CD B-NP
+months NNS I-NP
+to TO B-VP
+deliver VB I-VP
+on IN B-PP
+pledges NNS B-NP
+to TO B-VP
+ease VB I-VP
+apartheid NN B-NP
+or CC O
+face NN B-VP
+new JJ B-NP
+reprisals NNS I-NP
+. . O
+
+The DT B-NP
+49-nation JJ I-NP
+organization NN I-NP
+, , O
+meeting NN B-VP
+in IN B-PP
+Malaysia NNP B-NP
+, , O
+called VBN B-VP
+for IN B-PP
+tighter RBR B-NP
+financial JJ I-NP
+pressure NN I-NP
+immediately RB B-ADVP
+. . O
+
+Britain NNP B-NP
+'s POS B-NP
+Prime NNP I-NP
+Minister NNP I-NP
+Thatcher NNP I-NP
+alone RB B-ADVP
+dissented VBD B-VP
+. . O
+
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+leadership NN I-NP
+vowed VBD B-VP
+swift JJ B-NP
+action NN I-NP
+to TO B-VP
+ease VB I-VP
+travel NN B-NP
+to TO B-PP
+the DT B-NP
+West NNP I-NP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+pledge NN I-NP
+by IN B-PP
+the DT B-NP
+Communist NNP I-NP
+rulers NNS I-NP
+, , O
+tens NNS B-NP
+of IN I-NP
+thousands NNS I-NP
+of IN B-PP
+people NNS B-NP
+across IN B-ADVP
+the DT B-NP
+country NN I-NP
+staged VBD B-VP
+marches NNS B-NP
+over IN B-PP
+the DT B-NP
+weekend NN I-NP
+to TO B-VP
+demand VB I-VP
+democratic JJ B-NP
+freedoms NNS I-NP
+. . O
+
+In IN B-PP
+Leipzig NNP B-NP
+, , O
+more JJR B-NP
+than IN I-NP
+500 CD I-NP
+people NNS I-NP
+met VBD B-VP
+with IN B-PP
+local JJ B-NP
+party NN I-NP
+officials NNS I-NP
+to TO B-VP
+discuss VB I-VP
+internal JJ B-NP
+changes NNS I-NP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+convicted VBD B-VP
+federal JJ B-NP
+Judge NNP I-NP
+Alcee NNP I-NP
+Hastings NNP I-NP
+of IN B-PP
+Miami NNP B-NP
+of IN B-PP
+eight CD B-NP
+impeachment NN I-NP
+articles NNS I-NP
+, , O
+removing VBG B-VP
+him PRP B-NP
+from IN B-PP
+the DT B-NP
+bench NN I-NP
+. . O
+
+The DT B-NP
+chamber NN I-NP
+voted VBD B-VP
+69-26 CD B-ADVP
+Friday NNP B-NP
+to TO B-VP
+convict VB I-VP
+the DT B-NP
+judge NN I-NP
+of IN B-PP
+perjury NN B-NP
+and CC O
+bribery NN B-NP
+conspiracy NN I-NP
+. . O
+
+It PRP B-NP
+marked VBD B-VP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+a DT B-NP
+U.S. NNP I-NP
+official NN I-NP
+was VBD B-VP
+impeached VBN I-VP
+on IN B-PP
+charges NNS B-NP
+of IN B-PP
+which WDT B-NP
+a DT B-NP
+jury NN I-NP
+had VBD B-VP
+acquitted VBN I-VP
+him PRP B-NP
+. . O
+
+Rep. NNP B-NP
+Garcia NNP I-NP
+and CC O
+his PRP$ B-NP
+wife NN I-NP
+were VBD B-VP
+found VBN I-VP
+guilty JJ B-ADJP
+by IN B-PP
+a DT B-NP
+federal JJ I-NP
+jury NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+of IN B-PP
+extorting VBG B-VP
+$ $ B-NP
+76,000 CD I-NP
+from IN B-PP
+Wedtech NNP B-NP
+Corp. NNP I-NP
+in IN B-PP
+return NN B-NP
+for IN B-PP
+official JJ B-NP
+acts NNS I-NP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Democrat NNP I-NP
+. . O
+
+The DT B-NP
+jury NN I-NP
+also RB B-ADVP
+convicted VBD B-VP
+them PRP B-NP
+of IN B-PP
+extortion NN B-NP
+in IN B-PP
+obtaining VBG B-VP
+a DT B-NP
+$ $ I-NP
+20,000 CD I-NP
+interest-free JJ I-NP
+loan NN I-NP
+from IN B-PP
+an DT B-NP
+officer NN I-NP
+of IN B-PP
+the DT B-NP
+defunct JJ I-NP
+defense NN I-NP
+contractor NN I-NP
+. . O
+
+Authorities NNS B-NP
+in IN B-PP
+Honduras NNP B-NP
+launched VBD B-VP
+an DT B-NP
+investigation NN I-NP
+into IN B-PP
+the DT B-NP
+cause NN I-NP
+of IN B-PP
+Saturday NNP B-NP
+'s POS B-NP
+crash NN I-NP
+of IN B-PP
+a DT B-NP
+Honduran JJ I-NP
+jetliner NN I-NP
+that WDT B-NP
+killed VBD B-VP
+132 CD B-NP
+of IN B-PP
+the DT B-NP
+146 CD I-NP
+people NNS I-NP
+aboard RB B-ADVP
+. . O
+
+The DT B-NP
+Boeing NNP I-NP
+727 CD I-NP
+, , O
+en IN B-PP
+route NN B-NP
+to TO B-PP
+Honduras NNP B-NP
+from IN B-PP
+Costa NNP B-NP
+Rica NNP I-NP
+via IN B-PP
+Nicaragua NNP B-NP
+, , O
+smashed VBD B-VP
+into IN B-PP
+the DT B-NP
+hills NNS I-NP
+outside IN B-ADVP
+Tegucigalpa NNP B-NP
+as IN B-SBAR
+it PRP B-NP
+approached VBD B-VP
+the DT B-NP
+capital NN I-NP
+'s POS B-NP
+airport NN I-NP
+in IN B-PP
+high JJ B-NP
+winds NNS I-NP
+and CC O
+low JJ B-NP
+clouds NNS I-NP
+. . O
+
+The DT B-NP
+U.S. NNP I-NP
+and CC O
+Israel NNP B-NP
+have VBP B-VP
+been VBN I-VP
+holding VBG I-VP
+what WP B-NP
+an DT B-NP
+aide NN I-NP
+to TO B-PP
+Prime NNP B-NP
+Minister NNP I-NP
+Shamir NNP B-NP
+called VBD B-VP
+intense JJ B-NP
+telephone NN I-NP
+negotiations NNS I-NP
+in IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+bridge VB I-VP
+differences NNS B-NP
+over IN B-PP
+Mideast NNP B-NP
+peace NN I-NP
+moves NNS I-NP
+. . O
+
+The DT B-NP
+Labor NNP I-NP
+Party NNP I-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+threatened VBN B-VP
+to TO I-VP
+support VB I-VP
+a DT B-NP
+parliamentary JJ I-NP
+motion NN I-NP
+to TO B-VP
+topple VB I-VP
+the DT B-NP
+coalition NN I-NP
+unless IN B-SBAR
+Shamir NNP B-NP
+showed VBD B-VP
+flexibility NN B-NP
+on IN B-PP
+Arab-Israeli JJ B-NP
+talks NNS I-NP
+. . O
+
+Nicaragua NNP B-NP
+'s POS B-NP
+Defense NNP I-NP
+Ministry NNP I-NP
+said VBD B-VP
+a DT B-NP
+group NN I-NP
+of IN B-PP
+Contra NNP B-NP
+rebels NNS I-NP
+ambushed VBD B-VP
+two CD B-NP
+trucks NNS I-NP
+carrying VBG B-VP
+troops NNS B-NP
+in IN B-PP
+northern JJ B-NP
+Nicaragua NNP I-NP
+, , O
+killing VBG B-VP
+18 CD B-NP
+of IN B-PP
+the DT B-NP
+soldiers NNS I-NP
+. . O
+
+The DT B-NP
+incident NN I-NP
+occurred VBD B-VP
+Saturday NNP B-NP
+night NN I-NP
+. . O
+
+The DT B-NP
+Sandinista NNP I-NP
+government NN I-NP
+and CC O
+the DT B-NP
+U.S.-backed JJ I-NP
+insurgents NNS I-NP
+agreed VBD B-VP
+in IN B-PP
+March NNP B-NP
+to TO B-VP
+suspend VB I-VP
+offensive JJ B-NP
+operations NNS I-NP
+, , O
+but CC O
+there EX B-NP
+has VBZ B-VP
+been VBN I-VP
+sporadic JJ B-NP
+fighting NN I-NP
+. . O
+
+Scientists NNS B-NP
+have VBP B-VP
+isolated VBN I-VP
+a DT B-NP
+molecule NN I-NP
+that WDT B-NP
+may MD B-VP
+hold VB I-VP
+potential JJ B-NP
+as IN B-PP
+a DT B-NP
+treatment NN I-NP
+for IN B-PP
+disruptions NNS B-NP
+of IN B-PP
+the DT B-NP
+immune JJ I-NP
+system NN I-NP
+, , O
+ranging VBG B-VP
+from IN B-PP
+organ-transplant JJ B-NP
+rejection NN I-NP
+, , O
+to TO B-PP
+allergies NNS B-NP
+and CC I-NP
+asthma NN I-NP
+, , O
+Immunex NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+molecule NN I-NP
+is VBZ B-VP
+the DT B-NP
+mouse NN I-NP
+version NN I-NP
+of IN B-PP
+a DT B-NP
+protein NN I-NP
+called VBD B-VP
+the DT B-NP
+interleukin-4 NN I-NP
+receptor NN I-NP
+, , O
+which WDT B-NP
+directs VBZ B-VP
+the DT B-NP
+growth NN I-NP
+and CC I-NP
+function NN I-NP
+of IN B-PP
+white JJ B-NP
+blood NN I-NP
+cells NNS I-NP
+. . O
+
+Died VBD B-VP
+: : O
+Alfred NNP B-NP
+Hayes NNP I-NP
+, , O
+79 CD B-NP
+, , O
+former JJ B-NP
+president NN I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Bank NNP I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+Saturday NNP B-NP
+, , O
+in IN B-PP
+New NNP B-NP
+Canaan NNP I-NP
+, , O
+Conn NNP B-NP
+. . O
+
+Contel NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+increased VBN B-VP
+16 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+72 CD I-NP
+million CD I-NP
+, , O
+or CC O
+45 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+62 CD I-NP
+million CD I-NP
+, , O
+or CC O
+39 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+strong JJ B-NP
+growth NN I-NP
+in IN B-PP
+telephone-access JJ B-NP
+lines NNS I-NP
+and CC O
+long-distance JJ B-NP
+minutes NNS I-NP
+of IN B-PP
+use NN B-NP
+. . O
+
+The DT B-NP
+telecommunications NNS I-NP
+company NN I-NP
+'s POS B-NP
+results NNS I-NP
+included VBD B-VP
+a DT B-NP
+one-time JJ I-NP
+gain NN I-NP
+of IN B-PP
+$ $ B-NP
+4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+two CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+Contel NNP B-NP
+Credit NNP I-NP
+, , O
+a DT B-NP
+leasing NN I-NP
+and CC I-NP
+financial-services NNS I-NP
+subsidiary NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+8.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+780 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+720 CD I-NP
+million CD I-NP
+. . O
+
+Telephone-operations NNS B-NP
+quarterly JJ I-NP
+profit NN I-NP
+increased VBN B-VP
+9 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+84 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+77 CD I-NP
+million CD I-NP
+, , O
+while IN B-SBAR
+federal-systems JJ B-NP
+earnings NNS I-NP
+declined VBD B-VP
+33 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+6 CD I-NP
+million CD I-NP
+. . O
+
+Information NN B-NP
+systems NNS I-NP
+posted VBD B-VP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+8 CD I-NP
+million CD I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+9 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Customer-access NN B-NP
+lines NNS I-NP
+increased VBN B-VP
+at IN B-PP
+an DT B-NP
+annualized VBN I-NP
+rate NN I-NP
+of IN B-PP
+about IN B-NP
+4 CD I-NP
+% NN I-NP
+and CC O
+minutes NNS B-NP
+of IN B-PP
+long-distance JJ B-NP
+use NN I-NP
+rose VBD B-VP
+about IN B-NP
+12 CD I-NP
+% NN I-NP
+. . O
+
+A DT B-NP
+10 CD I-NP
+% NN I-NP
+gain NN I-NP
+in IN B-PP
+operating VBG B-NP
+profit NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+was VBD B-VP
+offset VBN I-VP
+by IN B-PP
+a DT B-NP
+21 CD I-NP
+% NN I-NP
+boost NN I-NP
+in IN B-PP
+interest NN B-NP
+expense NN I-NP
+, , O
+reflecting VBG B-VP
+higher JJR B-NP
+consolidated JJ I-NP
+borrowings NNS I-NP
+and CC I-NP
+interest NN I-NP
+rates NNS I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Contel NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+33.75 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+.50 CD B-NP
+cents NNS I-NP
+. . O
+
+In IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+, , O
+where WRB B-ADVP
+humor NN B-NP
+has VBZ B-VP
+long RB I-VP
+been VBN I-VP
+the DT B-NP
+only JJ I-NP
+way NN I-NP
+to TO B-VP
+express VB I-VP
+political JJ B-NP
+criticism NN I-NP
+, , O
+they PRP B-NP
+'re VBP B-VP
+not RB I-VP
+laughing VBG I-VP
+about IN B-PP
+their PRP$ B-NP
+new JJ I-NP
+leader NN I-NP
+Egon NNP I-NP
+Krenz NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Krenz NNP I-NP
+is VBZ B-VP
+such JJ B-NP
+a DT I-NP
+contradictory JJ I-NP
+figure NN I-NP
+that DT B-SBAR
+nobody NN B-NP
+has VBZ B-VP
+even RB I-VP
+come VB I-VP
+up IN B-PRT
+with IN B-PP
+any DT B-NP
+good JJ I-NP
+jokes NNS I-NP
+about IN B-PP
+him PRP B-NP
+. . O
+
+`` `` O
+You PRP B-NP
+have VBP B-VP
+to TO I-VP
+have VB I-VP
+clear JJ B-NP
+feelings NNS I-NP
+about IN B-PP
+someone NN B-NP
+before IN O
+you PRP B-NP
+can MD B-VP
+make VB I-VP
+jokes NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+an DT B-NP
+East JJ I-NP
+German JJ I-NP
+mother NN I-NP
+of IN B-PP
+two CD B-NP
+who WP B-NP
+loves VBZ B-VP
+swapping VBG I-VP
+political JJ B-NP
+barbs NNS I-NP
+with IN B-PP
+her PRP$ B-NP
+friends NNS I-NP
+. . O
+
+`` `` O
+With IN B-PP
+Krenz NNP B-NP
+, , O
+we PRP B-NP
+just RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+what WP B-NP
+to TO B-VP
+expect VB I-VP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Krenz NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+seem VB I-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+knee-jerk JJ I-NP
+hardliner NN I-NP
+many JJ B-NP
+initially RB B-ADVP
+thought VBD B-VP
+he PRP B-NP
+was VBD B-VP
+when WRB B-ADVP
+the DT B-NP
+52-year-old NNP I-NP
+Politburo NNP I-NP
+member NN I-NP
+was VBD B-VP
+selected VBN I-VP
+last JJ B-NP
+week NN I-NP
+to TO B-VP
+succeed VB I-VP
+Erich NNP B-NP
+Honecker NNP I-NP
+. . O
+
+But CC O
+he PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+appear VB I-VP
+to TO I-VP
+be VB I-VP
+ready JJ B-ADJP
+to TO B-VP
+make VB I-VP
+broad JJ B-NP
+changes NNS I-NP
+either RB B-ADVP
+. . O
+
+According VBG B-PP
+to TO B-PP
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+ADN NNP I-NP
+news NN I-NP
+agency NN I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+spoke VBD B-VP
+to TO B-PP
+Soviet JJ B-NP
+leader NN I-NP
+Mikhail NNP I-NP
+Gorbachev NNP I-NP
+by IN B-PP
+telephone NN B-NP
+over IN B-PP
+the DT B-NP
+weekend NN I-NP
+and CC O
+acknowledged VBD B-VP
+East NNP B-NP
+Germany NNP I-NP
+could MD B-VP
+learn VB I-VP
+from IN B-PP
+Moscow NNP B-NP
+'s POS B-NP
+glasnost FW I-NP
+policies NNS I-NP
+. . O
+
+Already RB B-ADVP
+last JJ B-NP
+week NN I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+started VBD B-VP
+overhauling VBG I-VP
+East NNP B-NP
+Germany NNP I-NP
+'s POS I-NP
+heavily RB B-ADJP
+censored VBN I-ADJP
+and CC O
+notoriously RB B-ADJP
+boring JJ I-ADJP
+news NN B-NP
+media NNS I-NP
+. . O
+
+On IN B-PP
+Thursday NNP B-NP
+, , O
+a DT B-NP
+day NN I-NP
+after IN O
+he PRP B-NP
+took VBD B-VP
+office NN B-NP
+, , O
+East JJ B-NP
+German JJ I-NP
+television NN I-NP
+broke VBD B-VP
+into IN B-PP
+regular JJ B-NP
+programming NN I-NP
+to TO B-VP
+launch VB I-VP
+a DT B-NP
+talk NN I-NP
+show NN I-NP
+in IN B-PP
+which WDT B-NP
+viewers NNS B-NP
+call VBP B-VP
+in IN B-PRT
+questions NNS B-NP
+for IN B-SBAR
+a DT B-NP
+panel NN I-NP
+of IN B-PP
+officials NNS B-NP
+to TO B-VP
+answer VB I-VP
+. . O
+
+The DT B-NP
+regular JJ I-NP
+nightly JJ I-NP
+news NN I-NP
+program NN I-NP
+and CC O
+daily JJ B-NP
+newspapers NNS I-NP
+are VBP B-VP
+also RB I-VP
+getting VBG I-VP
+a DT B-NP
+visible JJ I-NP
+injection NN I-NP
+of IN B-PP
+Soviet-style JJ B-NP
+glasnost FW I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+was VBD B-VP
+quite RB B-NP
+a DT I-NP
+shock NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+43-year-old NNP I-NP
+East JJ I-NP
+German JJ I-NP
+shopkeeper NN I-NP
+. . O
+
+`` `` O
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+in IN B-PP
+my PRP$ B-NP
+life NN I-NP
+, , O
+I PRP B-NP
+was VBD B-VP
+n't RB O
+sure JJ B-ADJP
+whether IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+listening VBG I-VP
+to TO B-PP
+our PRP$ B-NP
+news NN I-NP
+or CC O
+West JJ B-NP
+German JJ I-NP
+television NN I-NP
+. . O
+'' '' O
+
+Other JJ B-NP
+changes NNS I-NP
+, , O
+including VBG B-PP
+easing VBG B-VP
+restrictions NNS B-NP
+on IN B-PP
+travel NN B-NP
+for IN B-PP
+East NNP B-NP
+Germans NNPS I-NP
+, , O
+are VBP B-VP
+expected VBN I-VP
+. . O
+
+But CC O
+whether IN B-SBAR
+such JJ B-NP
+moves NNS I-NP
+can MD B-VP
+win VB I-VP
+back RB B-ADVP
+the DT B-NP
+confidence NN I-NP
+of IN B-PP
+East NNP B-NP
+Germans NNPS I-NP
+, , O
+who WP B-NP
+have VBP B-VP
+taken VBN I-VP
+to TO B-PP
+the DT B-NP
+streets NNS I-NP
+by IN B-PP
+the DT B-NP
+thousands NNS I-NP
+in IN B-PP
+recent JJ B-NP
+weeks NNS I-NP
+to TO B-VP
+demand VB I-VP
+democratic JJ B-NP
+changes NNS I-NP
+, , O
+depends VBZ B-VP
+largely RB B-ADVP
+on IN B-PP
+whether IN B-SBAR
+they PRP B-NP
+feel VBP B-VP
+they PRP B-NP
+can MD B-VP
+trust VB I-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+. . O
+
+And CC O
+that DT B-NP
+'s VBZ B-VP
+a DT B-NP
+problem NN I-NP
+. . O
+
+Mr. NNP B-NP
+Krenz NNP I-NP
+is VBZ B-VP
+not RB B-CONJP
+only RB I-CONJP
+closely RB B-VP
+identified VBN I-VP
+with IN B-PP
+his PRP$ B-NP
+mentor NN I-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+but CC B-CONJP
+also RB I-CONJP
+blamed VBD B-VP
+for IN B-PP
+ordering VBG B-VP
+violent JJ B-NP
+police NN I-NP
+action NN I-NP
+against IN B-PP
+protesters NNS B-NP
+this DT B-NP
+month NN I-NP
+and CC B-PP
+for IN B-PP
+praising VBG B-VP
+China NNP B-NP
+for IN B-PP
+sending VBG B-VP
+tanks NNS B-NP
+against IN B-PP
+student NN B-NP
+demonstrators NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+hope VBP B-VP
+he PRP B-NP
+grows VBZ B-VP
+with IN B-PP
+the DT B-NP
+job NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Rainer NNP B-NP
+Eppelmann NNP I-NP
+, , O
+a DT B-NP
+Protestant NNP I-NP
+pastor NN I-NP
+in IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+most RBS I-NP
+important JJ I-NP
+thing NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+he PRP B-NP
+have VBP B-VP
+a DT B-NP
+chance NN I-NP
+. . O
+'' '' O
+
+Although IN B-SBAR
+Mr. NNP B-NP
+Krenz NNP I-NP
+is VBZ B-VP
+dedicated VBN I-VP
+to TO B-PP
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+conservative JJ I-NP
+vein NN I-NP
+of IN B-PP
+communism NN B-NP
+, , O
+there EX B-NP
+is VBZ B-VP
+much JJ B-NP
+about IN B-PP
+his PRP$ B-NP
+style NN I-NP
+that IN B-NP
+sets NNS B-VP
+him PRP B-NP
+apart RB B-ADVP
+from IN B-PP
+his PRP$ B-NP
+party NN I-NP
+comrades NNS I-NP
+. . O
+
+Unlike IN B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+who WP B-NP
+tended VBD B-VP
+to TO I-VP
+lecture VB I-VP
+people NNS B-NP
+about IN B-PP
+socialist JJ B-NP
+values NNS I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+enjoys VBZ B-VP
+asking VBG I-VP
+questions NNS B-NP
+. . O
+
+Indeed RB B-ADVP
+, , O
+one CD B-NP
+of IN B-PP
+his PRP$ B-NP
+first JJ I-NP
+actions NNS I-NP
+as IN B-PP
+leader NN B-NP
+was VBD B-VP
+to TO B-VP
+visit VB I-VP
+a DT B-NP
+gritty JJ I-NP
+machine NN I-NP
+factory NN I-NP
+on IN B-PP
+the DT B-NP
+outskirts NNS I-NP
+of IN B-PP
+Berlin NNP B-NP
+and CC O
+wander VB B-VP
+among IN B-PP
+the DT B-NP
+workers NNS I-NP
+-- : O
+a DT B-ADVP
+la FW I-ADVP
+Gorbachev NNP B-NP
+. . O
+
+He PRP B-NP
+was VBD B-VP
+later RB I-VP
+shown VBN I-VP
+on IN B-PP
+television NN B-NP
+, , O
+fielding NN B-VP
+questions NNS B-NP
+. . O
+
+At IN B-PP
+one CD B-NP
+point NN I-NP
+, , O
+he PRP B-NP
+asked VBD B-VP
+a DT B-NP
+worker NN I-NP
+whether IN B-SBAR
+he PRP B-NP
+thought VBD B-VP
+East NNP B-NP
+Germans NNPS I-NP
+were VBD B-VP
+fleeing VBG I-VP
+the DT B-NP
+country NN I-NP
+because IN B-PP
+of IN I-PP
+restrictive JJ B-NP
+travel NN I-NP
+policies NNS I-NP
+. . O
+
+The DT B-NP
+worker NN I-NP
+'s POS B-NP
+tart JJ I-NP
+reply NN I-NP
+: : O
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+more JJR B-NP
+than IN B-PP
+just RB B-NP
+travel NN I-NP
+. . O
+
+People NNS B-NP
+have VBP B-VP
+a DT B-NP
+sense NN I-NP
+the DT B-NP
+government NN I-NP
+is VBZ B-VP
+ignoring VBG I-VP
+the DT B-NP
+real JJ I-NP
+problems NNS I-NP
+in IN B-PP
+our PRP$ B-NP
+society NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+exchange NN I-NP
+was VBD B-VP
+all PDT B-NP
+the DT I-NP
+more RBR I-NP
+remarkable JJ B-ADJP
+in IN B-PP
+that DT B-SBAR
+authorities NNS B-NP
+released VBD B-VP
+television NN B-NP
+footage NN I-NP
+to TO B-PP
+Western JJ B-NP
+news NN I-NP
+agencies NNS I-NP
+. . O
+
+This DT B-NP
+same JJ I-NP
+tendency NN I-NP
+toward IN B-PP
+openness NN B-NP
+impressed VBD B-VP
+a DT B-NP
+group NN I-NP
+of IN B-PP
+visiting VBG B-NP
+U.S. NNP I-NP
+congressmen NNS I-NP
+this DT B-NP
+spring NN I-NP
+. . O
+
+Rather RB B-PP
+than IN I-PP
+trying VBG B-VP
+to TO I-VP
+`` `` O
+lecture NN B-VP
+us PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+one CD B-NP
+congressional JJ I-NP
+aide NN I-NP
+who WP B-NP
+attended VBD B-VP
+the DT B-NP
+two-hour JJ I-NP
+meeting NN I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+`` `` O
+wanted VBD B-VP
+to TO I-VP
+listen VB I-VP
+. . O
+'' '' O
+
+Rep. NNP B-NP
+Ronnie NNP I-NP
+Flippo NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Ala. NNP B-NP
+-RRB- ) O
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+members NNS I-NP
+of IN B-PP
+the DT B-NP
+delegation NN I-NP
+, , O
+says VBZ B-VP
+he PRP B-NP
+was VBD B-VP
+particularly RB I-VP
+impressed VBN I-VP
+by IN B-PP
+Mr. NNP B-NP
+Krenz NNP I-NP
+'s POS B-NP
+ready JJ I-NP
+admission NN I-NP
+that IN B-SBAR
+East NNP B-NP
+Germany NNP I-NP
+needed VBD B-VP
+to TO I-VP
+change VB I-VP
+. . O
+
+`` `` O
+He PRP B-NP
+'s VBZ B-VP
+a DT O
+very RB B-ADVP
+tough JJ I-ADVP
+man NN B-NP
+, , O
+but CC O
+one CD B-NP
+who WP B-NP
+'s VBZ B-VP
+also RB B-ADVP
+open JJ B-ADJP
+to TO B-PP
+arguments NNS B-NP
+, , O
+'' '' O
+adds VBZ B-VP
+an DT B-NP
+aide NN I-NP
+to TO B-PP
+West JJ B-NP
+German NNP I-NP
+Chancellor NNP I-NP
+Helmut NNP I-NP
+Kohl NNP I-NP
+. . O
+
+But CC O
+there EX B-NP
+'s VBZ B-VP
+another DT B-NP
+side NN I-NP
+to TO B-PP
+Mr. NNP B-NP
+Krenz NNP I-NP
+. . O
+
+Born VBN B-VP
+in IN B-PP
+a DT B-NP
+Baltic JJ I-NP
+town NN I-NP
+in IN B-PP
+an DT B-NP
+area NN I-NP
+which WDT B-NP
+is VBZ B-VP
+now JJ B-ADVP
+part NN B-NP
+of IN B-PP
+Poland NNP B-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+dedicated VBN I-VP
+his PRP$ B-NP
+life NN I-NP
+to TO B-PP
+the DT B-NP
+party NN I-NP
+apparatus NN I-NP
+. . O
+
+He PRP B-NP
+moved VBD B-VP
+quickly RB B-ADVP
+through IN B-PP
+the DT B-NP
+ranks NNS I-NP
+with IN B-PP
+the DT B-NP
+help NN I-NP
+of IN B-PP
+his PRP$ B-NP
+patron NN I-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+and CC O
+emerged VBD B-VP
+as IN B-PP
+the DT B-NP
+heir NN I-NP
+apparent JJ I-NP
+. . O
+
+Barbara NNP B-NP
+Donovan NNP I-NP
+, , O
+an DT B-NP
+expert NN I-NP
+on IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+at IN B-PP
+Radio NNP B-NP
+Free NNP I-NP
+Europe NNP I-NP
+in IN B-PP
+Munich NNP B-NP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+may MD B-VP
+project VB I-VP
+a DT B-NP
+smooth JJ I-NP
+image NN I-NP
+, , O
+but CC O
+she PRP B-NP
+doubts VBZ B-VP
+he PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+true JJ I-NP
+reformer NN I-NP
+. . O
+
+Even RB B-SBAR
+if IN I-SBAR
+he PRP B-NP
+is VBZ B-VP
+, , O
+she PRP B-NP
+adds VBZ B-VP
+, , O
+he PRP B-NP
+appears VBZ B-VP
+to TO I-VP
+have VB I-VP
+only RB B-NP
+limited JJ I-NP
+room NN I-NP
+for IN B-PP
+maneuver NN B-NP
+within IN B-PP
+the DT B-NP
+Communist NNP I-NP
+Party NNP I-NP
+'s POS B-NP
+ruling NN I-NP
+Politburo NNP I-NP
+. . O
+
+Against IN B-PP
+this DT B-NP
+background NN I-NP
+, , O
+the DT B-NP
+new JJ I-NP
+East JJ I-NP
+German JJ I-NP
+leader NN I-NP
+must MD B-VP
+move VB I-VP
+quickly RB B-ADVP
+to TO B-VP
+shore VB I-VP
+up IN B-PRT
+his PRP$ B-NP
+government NN I-NP
+'s POS B-NP
+standing VBG I-NP
+. . O
+
+The DT B-NP
+sudden JJ I-NP
+growth NN I-NP
+of IN B-PP
+the DT B-NP
+opposition NN I-NP
+movement NN I-NP
+, , B-NP
+together RB I-NP
+with IN I-NP
+the DT B-NP
+steady JJ I-NP
+outflow NN I-NP
+of IN B-PP
+citizens NNS B-NP
+escaping VBG B-VP
+through IN B-PP
+Poland NNP B-NP
+and CC I-NP
+Hungary NNP I-NP
+, , O
+has VBZ B-VP
+plunged VBN I-VP
+the DT B-NP
+country NN I-NP
+into IN B-PP
+its PRP$ B-NP
+deepest JJS I-NP
+political JJ I-NP
+crisis NN I-NP
+since IN B-PP
+an DT B-NP
+anti-Soviet JJ I-NP
+workers NNS I-NP
+' POS B-NP
+uprising NN I-NP
+in IN B-PP
+1953 CD B-NP
+. . O
+
+`` `` O
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+have VB I-VP
+any DT B-NP
+honeymoon NN I-NP
+period NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+Western JJ I-NP
+diplomat NN I-NP
+based VBN B-VP
+in IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+. . O
+
+`` `` O
+But CC O
+if IN B-SBAR
+he PRP B-NP
+'s VBZ B-VP
+sharp JJ B-ADJP
+and CC I-ADJP
+quick JJ I-ADJP
+, , O
+he PRP B-NP
+has VBZ B-VP
+a DT B-NP
+chance NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+diplomat NN I-NP
+adds VBZ B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Krenz NNP I-NP
+has VBZ B-VP
+several JJ B-NP
+things NNS I-NP
+going VBG B-VP
+for IN B-PP
+him PRP B-NP
+. . O
+
+The DT B-NP
+East JJ I-NP
+German JJ I-NP
+economy NN I-NP
+is VBZ B-VP
+strong RB B-ADJP
+compared VBN B-PP
+with IN B-PP
+other JJ B-NP
+East NNP I-NP
+bloc NN I-NP
+nations NNS I-NP
+. . O
+
+And CC O
+his PRP$ B-NP
+relative JJ I-NP
+youth NN I-NP
+could MD B-VP
+help VB I-VP
+him PRP B-NP
+project VB B-VP
+a DT B-NP
+more RBR I-NP
+vibrant JJ I-NP
+image NN I-NP
+, , O
+contrasting VBG B-VP
+with IN B-PP
+the DT B-NP
+perception NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+as IN B-PP
+an DT B-NP
+out-of-touch JJ I-NP
+old JJ I-NP
+man NN I-NP
+. . O
+
+For IN B-PP
+average JJ B-NP
+East NNP I-NP
+Germans NNPS I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+remains VBZ B-VP
+a DT B-NP
+puzzle NN I-NP
+. . O
+
+`` `` O
+Either CC O
+he PRP B-NP
+was VBD B-VP
+n't RB I-VP
+being VBG I-VP
+real JJ B-ADJP
+in IN B-PP
+the DT B-NP
+past NN I-NP
+, , O
+or CC O
+he PRP B-NP
+is VBZ B-VP
+n't RB I-VP
+being VBG I-VP
+real JJ B-ADJP
+right RB B-ADVP
+now RB I-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+30-year-old NNP I-NP
+East JJ I-NP
+German JJ I-NP
+doctor NN I-NP
+. . O
+
+`` `` O
+Either CC B-NP
+way NN I-NP
+, , O
+I PRP B-NP
+have VBP B-VP
+a DT B-NP
+problem NN I-NP
+with IN B-PP
+how WRB B-ADVP
+quickly RB I-ADVP
+he PRP B-NP
+'s VBZ B-VP
+changed VBN I-VP
+. . O
+'' '' O
+
+The DT B-NP
+doctor NN I-NP
+was VBD B-VP
+among IN B-PP
+dozens NNS B-NP
+of IN B-PP
+people NNS B-NP
+milling NN B-VP
+through IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+'s POS B-NP
+Gethsemane NNP I-NP
+Church NNP I-NP
+Saturday NNP B-NP
+morning NN I-NP
+. . O
+
+The DT B-NP
+walls NNS I-NP
+of IN B-PP
+the DT B-NP
+church NN I-NP
+are VBP B-VP
+covered VBN I-VP
+with IN B-PP
+leaflets NNS B-NP
+, , O
+news NN B-NP
+clippings NNS I-NP
+, , O
+and CC O
+handwritten JJ B-NP
+notes NNS I-NP
+associated VBN B-VP
+with IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+political JJ I-NP
+opposition NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+have VBP B-VP
+to TO I-VP
+come VB I-VP
+here RB B-ADVP
+to TO B-VP
+read VB I-VP
+the DT B-NP
+walls NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+the DT B-NP
+doctor NN I-NP
+, , O
+`` `` O
+because IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+information NN B-NP
+I PRP B-NP
+still RB B-ADVP
+ca MD B-VP
+n't RB I-VP
+get VB I-VP
+through IN B-PP
+the DT B-NP
+newspapers NNS I-NP
+. . O
+'' '' O
+
+Meanwhile RB B-ADVP
+, , O
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+growing VBG I-NP
+openness NN I-NP
+may MD B-VP
+even RB I-VP
+allow VB I-VP
+the DT B-NP
+state-controlled JJ I-NP
+news NN I-NP
+media NNS I-NP
+to TO B-VP
+display VB I-VP
+a DT B-NP
+muted VBN I-NP
+sense NN I-NP
+of IN B-PP
+humor NN B-NP
+. . O
+
+Television NNP B-NP
+last JJ B-NP
+week NN I-NP
+carried VBD B-VP
+a DT B-NP
+new JJ I-NP
+report NN I-NP
+on IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+'s POS B-NP
+main JJ I-NP
+wallpaper NN I-NP
+factory NN I-NP
+and CC O
+the DT B-NP
+need NN I-NP
+to TO B-VP
+boost VB I-VP
+production NN B-NP
+. . O
+
+East NNP B-NP
+Germans NNPS I-NP
+remember VBP B-VP
+a DT B-NP
+comment NN I-NP
+a DT B-NP
+few JJ I-NP
+years NNS I-NP
+ago RB B-ADVP
+by IN B-PP
+Kurt NNP B-NP
+Hager NNP I-NP
+, , O
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+top JJ I-NP
+ideologist NN I-NP
+, , O
+that IN B-SBAR
+just RB B-ADVP
+because IN B-SBAR
+a DT B-NP
+neighbor NN I-NP
+hangs VBZ B-VP
+new JJ B-NP
+wallpaper NN I-NP
+, , O
+there EX B-NP
+'s VBZ B-VP
+no DT B-NP
+reason NN I-NP
+to TO B-VP
+change VB I-VP
+your PRP$ B-NP
+own JJ I-NP
+. . O
+
+His PRP$ B-NP
+point NN I-NP
+was VBD B-VP
+there EX B-NP
+is VBZ B-VP
+no DT B-NP
+reason NN I-NP
+for IN B-SBAR
+East NNP B-NP
+Germany NNP I-NP
+to TO B-VP
+copy VB I-VP
+Soviet-style JJ B-NP
+changes NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+hard JJ B-ADJP
+to TO B-VP
+know VB I-VP
+whether IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+intended VBN I-VP
+to TO I-VP
+be VB I-VP
+funny JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+the DT B-NP
+East NNP I-NP
+Berlin NNP I-NP
+shopkeeper NN I-NP
+, , O
+`` `` O
+But CC O
+everyone NN B-NP
+I PRP B-NP
+know VBP B-VP
+laughed VBD B-VP
+about IN B-PP
+it PRP B-NP
+. . O
+
+The DT B-NP
+list NN I-NP
+of IN B-PP
+laboratories NNS B-NP
+claiming VBG B-VP
+to TO I-VP
+be VB I-VP
+producing VBG I-VP
+inexplicable JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+heat NN B-NP
+from IN B-PP
+`` `` B-NP
+cold JJ I-NP
+fusion NN I-NP
+'' '' I-NP
+experiments NNS I-NP
+is VBZ B-VP
+slowly RB I-VP
+growing VBG I-VP
+. . O
+
+But CC O
+the DT B-NP
+experiments NNS I-NP
+continue VBP B-VP
+to TO I-VP
+be VB I-VP
+plagued VBN I-VP
+by IN B-PP
+lack NN B-NP
+of IN B-PP
+firm NN B-NP
+evidence NN I-NP
+that IN B-SBAR
+the DT B-NP
+extra JJ I-NP
+heat NN I-NP
+is VBZ B-VP
+coming VBG I-VP
+from IN B-PP
+the DT B-NP
+fusing NN I-NP
+of IN B-PP
+hydrogen NN B-NP
+atoms NNS I-NP
+. . O
+
+New JJ B-NP
+experiments NNS I-NP
+at IN B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+big JJ I-NP
+national JJ I-NP
+laboratories NNS I-NP
+are VBP B-VP
+still RB B-ADVP
+unable JJ B-ADJP
+to TO B-VP
+find VB I-VP
+hints NNS B-NP
+of IN B-PP
+nuclear JJ B-NP
+fusion NN I-NP
+reactions NNS I-NP
+, , O
+leaving VBG B-VP
+only RB B-NP
+the DT I-NP
+finding NN I-NP
+of IN B-PP
+tritium NN B-NP
+in IN B-PP
+a DT B-NP
+Texas NNP I-NP
+experiment NN I-NP
+to TO B-VP
+support VB I-VP
+University NNP O
+of IN B-PP
+Utah NNP B-NP
+chemists NNS B-NP
+' POS B-NP
+claim NN I-NP
+of IN B-PP
+achieving VBG B-VP
+hydrogen NN B-NP
+fusion NN I-NP
+at IN B-PP
+room NN B-NP
+temperatures NNS I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+developments NNS I-NP
+in IN B-PP
+cold JJ B-NP
+fusion NN I-NP
+research NN I-NP
+were VBD B-VP
+presented VBN I-VP
+in IN B-PP
+24 CD B-NP
+reports NNS I-NP
+delivered VBN B-VP
+at IN B-PP
+the DT B-NP
+fall NN I-NP
+meeting NN I-NP
+here RB B-ADVP
+of IN B-PP
+the DT B-NP
+Electrochemical NNP I-NP
+Society NNP I-NP
+, , O
+the DT B-NP
+first JJ I-NP
+scientific JJ I-NP
+meeting NN I-NP
+in IN B-PP
+five CD B-NP
+months NNS I-NP
+to TO B-VP
+hear VB I-VP
+formal JJ B-NP
+reports NNS I-NP
+on IN B-PP
+cold JJ B-NP
+fusion NN I-NP
+experiments NNS I-NP
+. . O
+
+The DT B-NP
+meeting NN I-NP
+offered VBD B-VP
+stark JJ B-NP
+evidence NN I-NP
+of IN B-PP
+a DT B-NP
+dramatic JJ I-NP
+fall NN I-NP
+in IN B-PP
+scientific JJ B-NP
+interest NN I-NP
+in IN B-PP
+cold JJ B-NP
+fusion NN I-NP
+research NN I-NP
+. . O
+
+Of IN B-PP
+the DT B-NP
+1,300 CD I-NP
+chemists NNS I-NP
+registered VBN B-VP
+for IN B-PP
+the DT B-NP
+society NN I-NP
+'s POS B-NP
+weeklong JJ I-NP
+meeting NN I-NP
+, , O
+fewer JJR B-NP
+than IN I-NP
+200 CD I-NP
+sat VBD B-VP
+through IN B-PP
+the DT B-NP
+day NN I-NP
+and CC O
+a DT B-NP
+half NN I-NP
+of IN B-PP
+cold JJ B-NP
+fusion NN I-NP
+presentations NNS I-NP
+at IN B-PP
+week NN B-NP
+'s POS B-NP
+end NN I-NP
+. . O
+
+This DT B-NP
+was VBD B-VP
+in IN B-PP
+contrast NN B-NP
+with IN B-PP
+the DT B-NP
+society NN I-NP
+'s POS B-NP
+meeting NN I-NP
+last JJ B-NP
+May NNP I-NP
+, , O
+at IN B-PP
+the DT B-NP
+height NN I-NP
+of IN B-PP
+the DT B-NP
+controversy NN I-NP
+, , O
+when WRB B-ADVP
+more JJR B-NP
+than IN I-NP
+1,500 CD I-NP
+scientists NNS I-NP
+, , O
+along IN B-PP
+with IN B-PP
+scores NNS B-NP
+of IN B-PP
+reporters NNS B-NP
+and CC O
+TV NN B-NP
+crews NNS I-NP
+, , O
+crowded VBN B-VP
+into IN B-PP
+a DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+hotel NN I-NP
+ballroom NN I-NP
+for IN B-PP
+a DT B-NP
+tumultuous JJ I-NP
+special JJ I-NP
+night NN I-NP
+session NN I-NP
+on IN B-PP
+the DT B-NP
+subject NN I-NP
+. . O
+
+Neither CC B-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+chemists NNS I-NP
+whose WP$ B-NP
+Utah NNP I-NP
+experiments NNS I-NP
+triggered VBD B-VP
+the DT B-NP
+cold JJ I-NP
+fusion NN I-NP
+uproar NN I-NP
+, , O
+Martin NNP B-NP
+Fleischmann NNP I-NP
+and CC O
+B. NNP B-NP
+Stanley NNP I-NP
+Pons NNP I-NP
+, , O
+were VBD B-VP
+at IN B-PP
+the DT B-NP
+meeting NN I-NP
+. . O
+
+But CC O
+some DT B-NP
+members NNS I-NP
+of IN B-PP
+an DT B-NP
+ad NN I-NP
+hoc FW I-NP
+expert NN I-NP
+committee NN I-NP
+set VBN B-VP
+up IN B-PRT
+by IN B-PP
+the DT B-NP
+Department NNP I-NP
+of IN B-PP
+Energy NNP B-NP
+to TO B-VP
+evaluate VB I-VP
+the DT B-NP
+cold JJ I-NP
+fusion NN I-NP
+research NN I-NP
+were VBD B-VP
+in IN B-PP
+the DT B-NP
+audience NN I-NP
+. . O
+
+The DT B-NP
+committee NN I-NP
+is VBZ B-VP
+to TO I-VP
+recommend VB I-VP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+month NN I-NP
+whether IN B-SBAR
+DOE NNP B-NP
+should MD B-VP
+support VB I-VP
+cold JJ B-NP
+fusion NN I-NP
+research NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+dozen NN I-NP
+scientists NNS I-NP
+taking VBG B-VP
+the DT B-NP
+podium NN I-NP
+reported VBD B-VP
+results NNS B-NP
+with IN B-PP
+new JJ B-NP
+, , I-NP
+more RBR I-NP
+sophisticated JJ I-NP
+variations NNS I-NP
+of IN B-PP
+the DT B-NP
+seemingly RB I-NP
+simple JJ I-NP
+electrolysis-of-water JJ I-NP
+experiments NNS I-NP
+described VBD B-VP
+last JJ B-NP
+March NNP I-NP
+by IN B-PP
+Messrs. NNP B-NP
+Fleischmann NNP I-NP
+and CC I-NP
+Pons NNP I-NP
+. . O
+
+The DT B-NP
+experiments NNS I-NP
+involve VBP B-VP
+encircling VBG I-VP
+a DT B-NP
+thin JJ I-NP
+rod NN I-NP
+of IN B-PP
+palladium NN B-NP
+metal NN I-NP
+with IN B-PP
+a DT B-NP
+wire NN I-NP
+of IN B-PP
+platinum NN B-NP
+and CC O
+plunging VBG B-VP
+the DT B-NP
+two CD I-NP
+electrodes NNS I-NP
+into IN B-PP
+`` `` B-NP
+heavy JJ I-NP
+'' '' I-NP
+water NN I-NP
+in IN B-PP
+which WDT B-NP
+the DT B-NP
+hydrogen NN I-NP
+atoms NNS I-NP
+are VBP B-VP
+a DT B-NP
+doubly RB I-NP
+heavy JJ I-NP
+form NN I-NP
+known VBN B-VP
+as IN B-PP
+deuterium NN B-NP
+. . O
+
+When WRB B-ADVP
+an DT B-NP
+electric JJ I-NP
+current NN I-NP
+is VBZ B-VP
+applied VBN I-VP
+to TO B-PP
+the DT B-NP
+palladium NN I-NP
+and CC I-NP
+platinum NN I-NP
+electrodes NNS I-NP
+, , O
+the DT B-NP
+heavy JJ I-NP
+water NN I-NP
+did VBD B-VP
+begin VB I-VP
+to TO I-VP
+break VB I-VP
+up IN B-PRT
+, , O
+or CC O
+dissociate VB B-VP
+. . O
+
+Ordinarily RB B-ADVP
+the DT B-NP
+electrolysis NN I-NP
+, , I-NP
+or CC I-NP
+breakup NN I-NP
+, , O
+of IN B-PP
+the DT B-NP
+water NN I-NP
+would MD B-VP
+consume VB I-VP
+almost RB B-NP
+all DT I-NP
+of IN B-PP
+the DT B-NP
+electrical JJ I-NP
+energy NN I-NP
+. . O
+
+But CC O
+Messrs. NNP B-NP
+Fleischmann NNP I-NP
+and CC I-NP
+Pons NNP I-NP
+said VBD B-VP
+their PRP$ B-NP
+experiments NNS I-NP
+also RB B-ADVP
+produced VBN B-VP
+large JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+heat NN B-NP
+. . O
+
+The DT B-NP
+heat NN I-NP
+energy NN I-NP
+plus CC B-NP
+the DT B-NP
+energy NN I-NP
+consumed VBN B-VP
+by IN B-PP
+the DT B-NP
+breakup NN I-NP
+of IN B-PP
+the DT B-NP
+water NN I-NP
+molecules NNS I-NP
+added VBD B-VP
+to TO B-PP
+far RB B-NP
+more JJR I-NP
+energy NN I-NP
+coming VBG B-VP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+apparatus NN I-NP
+than IN B-PP
+electrical JJ B-NP
+energy NN I-NP
+going VBG B-VP
+in IN B-ADVP
+, , O
+they PRP B-NP
+reported VBD B-VP
+. . O
+
+Because IN B-SBAR
+they PRP B-NP
+also RB B-ADVP
+detected VBD B-VP
+tritium NN B-NP
+and CC O
+indications NNS B-NP
+of IN B-PP
+nuclear JJ B-NP
+radiation NN I-NP
+, , O
+they PRP B-NP
+asserted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+`` `` I-NP
+excess JJ I-NP
+'' '' I-NP
+heat NN I-NP
+energy NN I-NP
+must MD B-VP
+be VB I-VP
+coming VBG I-VP
+from IN B-PP
+energy NN B-NP
+released VBN B-VP
+by IN B-PP
+the DT B-NP
+nuclear JJ I-NP
+fusion NN I-NP
+of IN B-PP
+deuterium NN B-NP
+atoms NNS I-NP
+inside IN B-PP
+the DT B-NP
+palladium NN I-NP
+rod NN I-NP
+. . O
+
+As IN B-PP
+of IN B-PP
+last JJ B-NP
+weekend NN I-NP
+, , O
+a DT B-NP
+dozen NN I-NP
+labs NNS I-NP
+also RB B-ADVP
+have VBP B-VP
+reported VBN I-VP
+measuring VBG I-VP
+`` `` B-NP
+excess JJ I-NP
+'' '' I-NP
+heat NN I-NP
+from IN B-PP
+similar JJ B-NP
+electrolytic JJ I-NP
+experiments NNS I-NP
+, , O
+although IN B-SBAR
+amounts NNS B-NP
+of IN B-PP
+such JJ B-NP
+heat NN I-NP
+vary VBP B-VP
+widely RB B-ADVP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+seven CD I-NP
+reports NNS I-NP
+presented VBN B-VP
+here RB B-ADVP
+of IN B-PP
+excess JJ B-NP
+heat NN I-NP
+production NN I-NP
+was VBD B-VP
+given VBN I-VP
+by IN B-PP
+Richard NNP B-NP
+A. NNP I-NP
+Oriani NNP I-NP
+, , O
+professor NN B-NP
+of IN B-PP
+chemical NN B-NP
+engineering NN I-NP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+Minnesota NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Oriani NNP I-NP
+said VBD B-VP
+his PRP$ B-NP
+skepticism NN I-NP
+of IN B-PP
+the DT B-NP
+Utah NNP I-NP
+claims NNS I-NP
+was VBD B-VP
+initially RB I-VP
+confirmed VBN I-VP
+when WRB B-ADVP
+his PRP$ B-NP
+first JJ I-NP
+experiments NNS I-NP
+last JJ B-NP
+spring NN I-NP
+failed VBD B-VP
+to TO I-VP
+produce VB I-VP
+results NNS B-NP
+. . O
+
+But CC O
+he PRP B-NP
+then RB B-ADVP
+borrowed VBD B-VP
+a DT B-NP
+palladium NN I-NP
+rod NN I-NP
+from IN B-PP
+chemists NNS B-NP
+at IN B-PP
+Texas NNP B-NP
+A&M NNP I-NP
+who WP B-NP
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+getting VBG I-VP
+excess JJ B-NP
+heat NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+results NNS I-NP
+were VBD B-VP
+fascinating JJ B-ADJP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+On IN B-PP
+the DT B-NP
+fourth JJ I-NP
+`` `` I-NP
+run VB I-NP
+'' '' O
+with IN B-PP
+the DT B-NP
+borrowed VBN I-NP
+rod NN I-NP
+, , O
+the DT B-NP
+experiment NN I-NP
+began VBD B-VP
+producing VBG I-VP
+excess JJ B-NP
+heat NN I-NP
+. . O
+
+The DT B-NP
+experiment NN I-NP
+was VBD B-VP
+stopped VBN I-VP
+briefly NN B-ADVP
+to TO B-VP
+change VB I-VP
+an DT B-NP
+instrument NN I-NP
+. . O
+
+When WRB B-ADVP
+it PRP B-NP
+was VBD B-VP
+restarted VBN I-VP
+, , O
+heat NN B-NP
+output NN I-NP
+`` `` O
+really RB B-ADVP
+took VBD B-VP
+off IN B-PRT
+'' '' O
+and CC O
+produced VBN B-VP
+excess JJ B-NP
+heat NN I-NP
+for IN B-PP
+several JJ B-NP
+hours NNS I-NP
+before IN B-PP
+dying VBG B-VP
+down RB B-PRT
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Typical JJ B-ADJP
+of IN B-PP
+other JJ B-NP
+experiments NNS I-NP
+, , O
+Mr. NNP B-NP
+Oriani NNP I-NP
+said VBD B-VP
+his PRP$ B-NP
+experiment NN I-NP
+was VBD B-VP
+`` `` O
+very RB B-ADJP
+erratic JJ I-ADJP
+. . O
+'' '' O
+
+It PRP B-NP
+would MD B-VP
+go VB I-VP
+along IN B-PRT
+doing VBG B-VP
+nothing NN B-NP
+but CC B-PP
+dissociating VBG B-VP
+the DT B-NP
+heavy JJ I-NP
+water NN I-NP
+and CC O
+then RB B-ADVP
+at IN B-PP
+totally RB B-NP
+unpredictable JJ I-NP
+times NNS I-NP
+, , O
+it PRP B-NP
+would MD B-VP
+begin VB I-VP
+producing VBG I-VP
+excess JJ B-NP
+heat NN I-NP
+for IN B-PP
+as RB B-NP
+long RB I-NP
+as IN I-NP
+10 CD I-NP
+or CC I-NP
+11 CD I-NP
+hours NNS I-NP
+before IN B-PP
+quieting VBG B-VP
+down RB B-PRT
+. . O
+
+The DT B-NP
+excess JJ I-NP
+heat NN I-NP
+was VBD B-VP
+15 CD B-NP
+% NN I-NP
+to TO I-NP
+20 CD I-NP
+% NN I-NP
+more JJR B-NP
+than IN B-PP
+the DT B-NP
+energy NN I-NP
+involved VBN B-VP
+in IN B-PP
+the DT B-NP
+electrolysis NN I-NP
+of IN B-PP
+water NN B-NP
+. . O
+
+Mr. NNP B-NP
+Oriani NNP I-NP
+said VBD B-VP
+the DT B-NP
+heat NN I-NP
+bursts NNS I-NP
+were VBD B-VP
+too RB B-ADJP
+large JJ I-ADJP
+and CC O
+too RB B-ADJP
+long JJ I-ADJP
+to TO B-VP
+be VB I-VP
+explained VBN I-VP
+by IN B-PP
+the DT B-NP
+sudden JJ I-NP
+release NN I-NP
+of IN B-PP
+energy NN B-NP
+that WDT B-NP
+might MD B-VP
+have VB I-VP
+slowly RB I-VP
+accumulated VBN I-VP
+during IN B-PP
+the DT B-NP
+experiments NNS I-NP
+' POS B-NP
+quiescent JJ I-NP
+times NNS I-NP
+, , O
+as IN B-SBAR
+some DT B-NP
+scientists NNS I-NP
+have VBP B-VP
+suggested VBN I-VP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+a DT B-NP
+reality NN I-NP
+to TO B-PP
+the DT B-NP
+excess JJ I-NP
+energy NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Other JJ B-NP
+scientists NNS I-NP
+said VBD B-VP
+they PRP B-NP
+also RB B-ADVP
+were VBD B-VP
+getting VBG I-VP
+sporadic JJ B-NP
+bursts NNS I-NP
+of IN B-PP
+excess JJ B-NP
+heat NN I-NP
+lasting VBG B-VP
+several JJ B-NP
+hours NNS I-NP
+at IN B-PP
+a DT B-NP
+time NN I-NP
+. . O
+
+The DT B-NP
+bursts NNS I-NP
+often RB B-ADVP
+occur VBP B-VP
+, , O
+they PRP B-NP
+said VBD B-VP
+, , O
+after IN O
+they PRP B-NP
+`` `` B-VP
+perturbed JJ I-VP
+'' '' O
+the DT B-NP
+experiments NNS I-NP
+by IN B-PP
+raising VBG B-VP
+or CC I-VP
+lowering VBG I-VP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+electric JJ B-NP
+current JJ I-NP
+being NN B-VP
+applied VBN I-VP
+, , O
+or CC O
+switching VBG B-VP
+the DT B-NP
+current NN I-NP
+off IN B-PRT
+and CC I-PRT
+on RB I-PRT
+. . O
+
+One CD B-NP
+chemist NN I-NP
+privately RB B-ADVP
+suggested VBD B-VP
+this DT B-NP
+hinted VBD B-VP
+that IN B-SBAR
+some DT B-NP
+`` `` I-NP
+anomalous JJ I-NP
+'' '' I-NP
+chemical NN I-NP
+reactions NNS I-NP
+might MD B-VP
+be VB I-VP
+producing VBG I-VP
+the DT B-NP
+heat NN I-NP
+. . O
+
+One CD B-NP
+reason NN I-NP
+questions NNS B-NP
+surround VBP B-VP
+the DT B-NP
+heat NN I-NP
+experiments NNS I-NP
+is VBZ B-VP
+that IN B-SBAR
+they PRP B-NP
+involve VBP B-VP
+unusually RB B-NP
+meticulous JJ I-NP
+measurements NNS I-NP
+. . O
+
+Typically RB B-ADVP
+, , O
+the DT B-NP
+input NN I-NP
+energy NN I-NP
+ranges NNS B-VP
+from IN B-PP
+a DT B-NP
+third JJ I-NP
+of IN B-PP
+a DT B-NP
+watt NN I-NP
+to TO B-PP
+one CD B-NP
+watt NN I-NP
+and CC O
+the DT B-NP
+excess JJ I-NP
+energy NN I-NP
+is VBZ B-VP
+measured VBN I-VP
+in IN B-PP
+tenths NNS B-NP
+of IN B-PP
+a DT B-NP
+watt NN I-NP
+. . O
+
+One CD B-NP
+exception NN I-NP
+is VBZ B-VP
+a DT B-NP
+continuing VBG I-NP
+experiment NN I-NP
+at IN B-PP
+Stanford NNP B-NP
+University NNP I-NP
+where WRB B-ADVP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+10 CD I-NP
+watts NNS I-NP
+of IN B-PP
+energy NN B-NP
+are VBP B-VP
+being VBG I-VP
+put VB I-VP
+into IN B-PP
+the DT B-NP
+electrolytic JJ I-NP
+cells NNS I-NP
+. . O
+
+A DT B-NP
+cell NN I-NP
+filled VBN B-VP
+with IN B-PP
+heavy JJ B-NP
+water NN I-NP
+is VBZ B-VP
+producing VBG I-VP
+1.0 CD B-NP
+to TO I-NP
+1.5 CD I-NP
+watts NNS I-NP
+more JJR I-NP
+heat NN I-NP
+than IN B-PP
+an DT B-NP
+identical JJ I-NP
+electrolytic JJ I-NP
+cell NN I-NP
+filled VBN B-VP
+with IN B-PP
+ordinary JJ B-NP
+water NN I-NP
+next JJ B-PP
+to TO B-PP
+it PRP B-NP
+, , O
+reported VBD B-VP
+Turgut NNP B-NP
+M. NNP I-NP
+Gur NNP I-NP
+, , O
+an DT B-NP
+associate NN I-NP
+of IN B-PP
+materials NNS B-NP
+scientist NN I-NP
+Robert NNP I-NP
+A. NNP I-NP
+Huggins NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+the DT B-NP
+Stanford NNP I-NP
+experimental JJ I-NP
+team NN I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+few JJ I-NP
+hints NNS I-NP
+the DT B-NP
+excess JJ I-NP
+heat NN I-NP
+might MD B-VP
+be VB I-VP
+produced VBN I-VP
+by IN B-PP
+fusion NN B-NP
+came VBD B-VP
+from IN B-PP
+brief JJ B-NP
+remarks NNS I-NP
+by IN B-PP
+chemist NN B-NP
+John NNP I-NP
+Bockris NNP I-NP
+of IN B-PP
+Texas NNP B-NP
+A&M NNP I-NP
+University NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Bockris NNP I-NP
+previously RB B-ADVP
+reported VBD B-VP
+getting VBG B-VP
+bursts NNS B-NP
+of IN B-PP
+excess JJ B-NP
+heat NN I-NP
+and CC O
+of IN B-PP
+detecting VBG B-VP
+increasing VBG B-NP
+amounts NNS I-NP
+of IN B-PP
+tritium NN B-NP
+forming VBG B-VP
+in IN B-PP
+the DT B-NP
+heavy JJ I-NP
+water NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+that IN B-SBAR
+within IN B-PP
+the DT B-NP
+past JJ I-NP
+few JJ I-NP
+days NNS I-NP
+, , O
+he PRP B-NP
+'s VBZ B-VP
+gotten VBN I-VP
+evidence NN B-NP
+that IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+a DT B-NP
+`` `` I-NP
+weak JJ I-NP
+correlation NN I-NP
+'' '' O
+between IN B-PP
+the DT B-NP
+time NN I-NP
+the DT B-NP
+heat NN I-NP
+bursts NNS I-NP
+occur VBP B-VP
+and CC O
+the DT B-NP
+production NN I-NP
+of IN B-PP
+tritium NN B-NP
+. . O
+
+There EX B-NP
+is VBZ B-VP
+n't RB O
+any DT B-NP
+way NN I-NP
+to TO B-VP
+continuously RB I-VP
+measure VBP I-VP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+tritium NN B-NP
+in IN B-PP
+the DT B-NP
+heavy JJ I-NP
+water NN I-NP
+, , O
+so IN O
+it PRP B-NP
+'s VBZ B-VP
+been VBN I-VP
+difficult JJ B-ADJP
+to TO B-VP
+tell VB I-VP
+whether IN O
+the DT B-NP
+tritium NN I-NP
+formation NN I-NP
+is VBZ B-VP
+related VBN I-VP
+to TO B-PP
+the DT B-NP
+heat NN I-NP
+bursts NNS I-NP
+or CC O
+some DT B-NP
+other JJ I-NP
+phenomenon NN I-NP
+. . O
+
+Increasingly RB B-NP
+careful JJ I-NP
+attempts NNS I-NP
+to TO B-VP
+measure VB I-VP
+neutrons NNS B-NP
+, , O
+which WDT B-NP
+would MD B-VP
+be VB I-VP
+strong JJ B-NP
+evidence NN I-NP
+of IN B-PP
+fusion NN B-NP
+reactions NNS I-NP
+, , O
+continue VB B-VP
+to TO I-VP
+be VB I-VP
+negative JJ B-ADJP
+. . O
+
+Messrs. NNP B-NP
+Fleischmann NNP I-NP
+and CC I-NP
+Pons NNP I-NP
+initially RB B-VP
+reported VBD I-VP
+indirect JJ B-NP
+evidence NN I-NP
+of IN B-PP
+neutrons NNS B-NP
+being VBG B-VP
+produced VBN I-VP
+in IN B-PP
+their PRP$ B-NP
+experiment NN I-NP
+but CC O
+later RB B-VP
+conceded VBD I-VP
+the DT B-NP
+measurements NNS I-NP
+were VBD B-VP
+questionable JJ B-ADJP
+. . O
+
+Researchers NNS B-NP
+at IN B-PP
+Sandia NNP B-NP
+National NNP I-NP
+Laboratories NNPS I-NP
+in IN B-PP
+Albuquerque NNP B-NP
+, , O
+N.M. NNP B-NP
+, , O
+reported VBD B-VP
+they PRP B-NP
+went VBD B-VP
+so RB B-ADVP
+far RB I-ADVP
+as IN B-SBAR
+to TO B-VP
+take VB I-VP
+a DT B-NP
+`` `` I-NP
+cold JJ I-NP
+fusion NN I-NP
+'' '' I-NP
+experiment NN I-NP
+and CC O
+three CD B-NP
+neutron NN I-NP
+detectors NNS I-NP
+into IN B-PP
+a DT B-NP
+tunnel NN I-NP
+under IN B-PP
+300 CD B-NP
+feet NNS I-NP
+of IN B-PP
+granite NN B-NP
+to TO B-VP
+shield VB I-VP
+the DT B-NP
+detectors NNS I-NP
+from IN B-PP
+cosmic JJ B-NP
+rays NNS I-NP
+. . O
+
+A DT B-NP
+number NN I-NP
+of IN B-PP
+times NNS B-NP
+they PRP B-NP
+detected VBD B-VP
+neutrons NNS B-NP
+in IN B-PP
+one CD B-NP
+, , B-NP
+sometimes RB I-NP
+two CD B-NP
+, , O
+of IN B-PP
+the DT B-NP
+three CD I-NP
+detectors NNS I-NP
+, , O
+but CC O
+only RB B-ADVP
+once RB I-ADVP
+during IN B-PP
+411 CD B-NP
+hours NNS I-NP
+of IN B-PP
+the DT B-NP
+experiment NN I-NP
+did VBD O
+they PRP B-NP
+detect VBP B-VP
+a DT B-NP
+neutron NN I-NP
+burst NN I-NP
+in IN B-PP
+all DT B-NP
+three CD I-NP
+detectors NNS I-NP
+-- : O
+and CC O
+they PRP B-NP
+think VBP B-VP
+that WDT B-NP
+was VBD B-VP
+a DT B-NP
+spurious JJ I-NP
+event NN I-NP
+. . O
+
+Shimson NNP B-NP
+Gottesfeld NNP I-NP
+of IN B-PP
+Los NNP B-NP
+Alamos NNP I-NP
+National NNP I-NP
+Laboratory NNP I-NP
+said VBD B-VP
+researchers NNS B-NP
+there EX B-ADVP
+detected VBN B-VP
+a DT B-NP
+burst NN I-NP
+of IN B-PP
+neutrons NNS B-NP
+from IN B-PP
+an DT B-NP
+early JJ I-NP
+cold JJ I-NP
+fusion NN I-NP
+experiment NN I-NP
+last JJ B-NP
+April NNP I-NP
+but CC O
+decided VBD B-VP
+not RB O
+to TO B-VP
+announce VB I-VP
+it PRP B-NP
+until IN B-SBAR
+they PRP B-NP
+could MD B-VP
+confirm VB I-VP
+it PRP B-NP
+. . O
+
+In IN B-PP
+subsequent JJ B-NP
+experiments NNS I-NP
+, , O
+one CD B-NP
+of IN B-PP
+two CD B-NP
+neutron NN I-NP
+detectors NNS I-NP
+occasionally RB B-ADVP
+indicated VBD B-VP
+a DT B-NP
+burst NN I-NP
+of IN B-PP
+neutrons NNS B-NP
+but CC O
+neutron NN B-NP
+bursts NNS I-NP
+were VBD B-VP
+never RB I-VP
+recorded VBN I-VP
+in IN B-PP
+both DT B-NP
+detectors NNS I-NP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+. . O
+
+They PRP B-NP
+concluded VBD B-VP
+the DT B-NP
+indications NNS I-NP
+of IN B-PP
+neutrons NNS B-NP
+stemmed VBD B-VP
+from IN B-PP
+faults NNS B-NP
+in IN B-PP
+the DT B-NP
+detectors NNS I-NP
+rather RB B-PP
+than IN I-PP
+from IN B-PP
+the DT B-NP
+cold JJ I-NP
+fusion NN I-NP
+experiment NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+Lawrence NNP I-NP
+Berkeley NNP I-NP
+Laboratory NNP I-NP
+in IN B-PP
+California NNP B-NP
+, , O
+new JJ B-NP
+experiments NNS I-NP
+indicated VBD B-VP
+that IN B-SBAR
+the DT B-NP
+lithium NN I-NP
+added VBD B-VP
+to TO B-PP
+the DT B-NP
+heavy JJ I-NP
+water NN I-NP
+so IN B-SBAR
+it PRP B-NP
+will MD B-VP
+conduct VB I-VP
+a DT B-NP
+current NN I-NP
+can MD B-VP
+produce VB I-VP
+previously RB B-NP
+unsuspected JJ I-NP
+electrical JJ I-NP
+effects NNS I-NP
+on IN B-PP
+the DT B-NP
+surface NN I-NP
+of IN B-PP
+the DT B-NP
+palladium NN I-NP
+rod NN I-NP
+-- : O
+which WDT B-NP
+Messrs. NNP B-NP
+Fleischmann NNP I-NP
+and CC I-NP
+Pons NNP I-NP
+might MD B-VP
+have VB I-VP
+misinterpreted VBN I-VP
+, , O
+reported VBD B-VP
+Philip NNP B-NP
+Ross NNP I-NP
+from IN B-PP
+the DT B-NP
+California NNP I-NP
+laboratory NN I-NP
+. . O
+
+Dow NNP B-NP
+Jones NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+announced VBD B-VP
+Wall NNP B-NP
+Street NNP I-NP
+Journal NNP I-NP
+advertising NN I-NP
+rates NNS I-NP
+for IN B-PP
+1990 CD B-NP
+. . O
+
+The DT B-NP
+rates NNS I-NP
+, , O
+which WDT B-NP
+take VBP B-VP
+effect NN B-NP
+Jan. NNP B-NP
+2 CD I-NP
+, , O
+include VBP B-VP
+a DT B-NP
+4 CD I-NP
+% NN I-NP
+increase NN I-NP
+for IN B-PP
+national JJ B-NP
+edition NN I-NP
+advertising NN I-NP
+. . O
+
+The DT B-NP
+Journal NNP I-NP
+also RB B-ADVP
+will MD B-VP
+offer VB I-VP
+expanded VBN B-NP
+volume NN I-NP
+and CC I-NP
+frequency NN I-NP
+discounts NNS I-NP
+. . O
+
+The DT B-NP
+increase NN I-NP
+for IN B-PP
+national JJ B-NP
+edition NN I-NP
+advertising NN I-NP
+is VBZ B-VP
+less JJR B-ADJP
+than IN B-PP
+the DT B-NP
+inflation NN I-NP
+rate NN I-NP
+and CC O
+compares VBZ B-VP
+with IN B-PP
+a DT B-NP
+6.5 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+1989 CD B-NP
+. . O
+
+`` `` O
+Newsprint NN B-NP
+and CC I-NP
+postage NN I-NP
+prices VBZ I-NP
+this DT B-NP
+year NN I-NP
+have VBP B-VP
+not RB I-VP
+gone VBN I-VP
+up IN B-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Peter NNP B-NP
+R. NNP I-NP
+Kann NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Dow NNP B-NP
+Jones NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+have VBP B-VP
+invested VBN I-VP
+in IN B-PP
+improved VBN B-NP
+editorial NN I-NP
+quality NN I-NP
+and CC O
+expanded VBN B-VP
+our PRP$ B-NP
+quality NN I-NP
+audience NN I-NP
+without IN B-PP
+substantially RB B-VP
+increasing VBG I-VP
+our PRP$ B-NP
+costs NNS I-NP
+. . O
+
+Fundamental JJ B-NP
+fairness NN I-NP
+and CC O
+a DT B-NP
+sense NN I-NP
+of IN B-PP
+responsibility NN B-NP
+lead NN B-VP
+us PRP B-NP
+to TO B-VP
+share VB I-VP
+operating VBG B-NP
+efficiencies NNS I-NP
+with IN B-PP
+our PRP$ B-NP
+customers NNS I-NP
+. . O
+'' '' O
+
+Advertising NN B-NP
+rates NNS I-NP
+for IN B-PP
+the DT B-NP
+Eastern NNP I-NP
+, , I-NP
+Midwest NNP I-NP
+, , I-NP
+Western JJ I-NP
+and CC I-NP
+Southwest NNP I-NP
+editions NNS I-NP
+will MD B-VP
+increase VB I-VP
+an DT B-NP
+average JJ I-NP
+5.5 CD I-NP
+% NN I-NP
+, , O
+and CC O
+rates NNS B-NP
+for IN B-PP
+localized JJ B-NP
+advertising NN I-NP
+editions NNS I-NP
+will MD B-VP
+increase VB I-VP
+7.5 CD B-NP
+% NN I-NP
+. . O
+
+Rates NNS B-NP
+for IN B-PP
+the DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+Reports NNS I-NP
+will MD B-VP
+remain VB I-VP
+unchanged JJ B-ADJP
+. . O
+
+A DT B-NP
+one-time JJ I-NP
+noncontract JJ I-NP
+full-page JJ I-NP
+advertisement NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+national JJ I-NP
+edition NN I-NP
+will MD B-VP
+cost VB I-VP
+$ $ B-NP
+99,385 CD I-NP
+. . O
+
+Advertising NN B-NP
+rates NNS I-NP
+for IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal\/Europe NNP I-NP
+, , O
+published VBN B-VP
+in IN B-PP
+Brussels NNP B-NP
+and CC O
+printed VBN B-VP
+in IN B-PP
+the DT B-NP
+Netherlands NNP I-NP
+and CC O
+Switzerland NNP B-NP
+, , O
+will MD B-VP
+increase VB I-VP
+9 CD B-NP
+% NN I-NP
+. . O
+
+Rates NNS B-NP
+for IN B-PP
+The DT B-NP
+Asian NNP I-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+, , O
+published VBN B-VP
+and CC I-VP
+printed VBN I-VP
+in IN B-PP
+Hong NNP B-NP
+Kong NNP I-NP
+and CC O
+also RB B-ADVP
+printed VBN B-VP
+in IN B-PP
+Singapore NNP B-NP
+and CC I-NP
+Tokyo NNP I-NP
+, , O
+will MD B-VP
+rise VB I-VP
+8 CD B-NP
+% NN I-NP
+. . O
+
+Rates NNS B-NP
+for IN B-PP
+The DT B-NP
+Asian NNP I-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+Weekly NNP I-NP
+, , O
+published VBN B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+for IN B-PP
+North NNP B-NP
+American JJ I-NP
+readers NNS I-NP
+, , O
+will MD B-VP
+rise VB I-VP
+6 CD B-NP
+% NN I-NP
+. . O
+
+Dow NNP B-NP
+Jones NNP I-NP
+also RB B-ADVP
+publishes VBZ B-VP
+Barron NNP B-NP
+'s POS B-NP
+magazine NN I-NP
+, , O
+other JJ B-NP
+periodicals NNS I-NP
+and CC O
+community NN B-NP
+newspapers NNS I-NP
+and CC O
+operates VBZ B-VP
+electronic JJ B-NP
+business NN I-NP
+information NN I-NP
+services NNS I-NP
+. . O
+
+It PRP B-NP
+owns VBZ B-VP
+67 CD B-NP
+% NN I-NP
+of IN B-PP
+Telerate NNP B-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+leading VBG I-NP
+supplier NN I-NP
+of IN B-PP
+computerized JJ B-NP
+financial JJ I-NP
+information NN I-NP
+on IN B-PP
+global JJ B-NP
+markets NNS I-NP
+. . O
+
+Reflecting VBG B-VP
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+lower JJR B-NP
+semiconductor NN I-NP
+prices NNS I-NP
+and CC O
+cuts NNS B-NP
+in IN B-PP
+defense NN B-NP
+spending NN I-NP
+, , O
+Texas NNP B-NP
+Instruments NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+31 CD B-NP
+% NN I-NP
+and CC O
+sales NNS B-NP
+dropped VBD B-VP
+slightly RB B-ADVP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Net NN B-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+65 CD I-NP
+million CD I-NP
+, , O
+or CC O
+67 CD B-NP
+cents NNS I-NP
+a DT B-NP
+common JJ I-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+93.7 CD I-NP
+million CD I-NP
+or CC O
+$ $ B-NP
+1.03 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Sales NNS B-NP
+fell VBD B-VP
+2.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.54 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.58 CD I-NP
+billion CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+the DT B-NP
+electronics NNS I-NP
+and CC I-NP
+defense NN I-NP
+concern NN I-NP
+had VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+255.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.70 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+5.6 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+271 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.01 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+were VBD B-VP
+$ $ B-NP
+4.66 CD I-NP
+billion CD I-NP
+, , O
+up IN B-ADVP
+1.3 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+4.6 CD I-NP
+billion CD I-NP
+. . O
+
+Jerry NNP B-NP
+Junkins NNP I-NP
+, , O
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+said VBD B-VP
+sluggish JJ B-NP
+consumer-electronics NNS I-NP
+sales NNS I-NP
+reduced VBD B-VP
+demand NN B-NP
+for IN B-PP
+semiconductors NNS B-NP
+. . O
+
+That DT B-NP
+, , O
+coupled VBN B-PP
+with IN B-PP
+lower JJR B-NP
+semiconductor NN I-NP
+prices NNS I-NP
+and CC O
+higher JJR B-NP
+semiconductor-depreciation JJ I-NP
+expense NN I-NP
+, , O
+contributed VBD B-VP
+to TO B-PP
+the DT B-NP
+decline NN I-NP
+in IN B-PP
+sales NNS B-NP
+and CC I-NP
+profit NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+cost NN B-NP
+increases NNS I-NP
+related VBN B-ADJP
+to TO B-PP
+fixed-price JJ B-NP
+defense NN I-NP
+contracts NNS I-NP
+and CC O
+a DT B-NP
+$ $ I-NP
+10 CD I-NP
+million CD I-NP
+charge NN I-NP
+to TO B-VP
+reduce VB I-VP
+the DT B-NP
+work NN I-NP
+force NN I-NP
+of IN B-PP
+Texas NNP B-NP
+Instruments NNPS I-NP
+' POS B-NP
+defense-electronics NNS I-NP
+division NN I-NP
+also RB B-ADVP
+reduced VBD B-VP
+net JJ B-NP
+. . O
+
+However RB B-ADVP
+, , O
+the DT B-NP
+quarter NN I-NP
+results NNS I-NP
+included VBD B-VP
+$ $ B-NP
+28 CD I-NP
+million CD I-NP
+in IN B-PP
+royalty NN B-NP
+income NN I-NP
+from IN B-PP
+patent NN B-NP
+licenses NNS I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+21 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+The DT B-NP
+nine CD I-NP
+months NNS I-NP
+include VBP B-VP
+$ $ B-NP
+125 CD I-NP
+million CD I-NP
+of IN B-PP
+royalty NN B-NP
+income NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+98 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+Mr. NNP B-NP
+Junkins NNP I-NP
+was VBD B-VP
+n't RB O
+optimistic JJ B-ADJP
+about IN B-PP
+the DT B-NP
+short-term JJ I-NP
+outlook NN I-NP
+, , O
+hinting VBG B-VP
+that IN B-SBAR
+further JJ B-NP
+workforce NN I-NP
+reductions NNS I-NP
+may MD B-VP
+be VB I-VP
+needed VBN I-VP
+. . O
+
+`` `` O
+We PRP B-NP
+expect VBP B-VP
+near-term JJ B-NP
+sluggishness NN I-NP
+in IN B-PP
+the DT B-NP
+electronics NNS I-NP
+market NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+`` `` O
+and CC O
+we PRP B-NP
+will MD B-VP
+take VB I-VP
+ongoing JJ B-NP
+cost-reduction JJ I-NP
+actions NNS I-NP
+as IN O
+necessary JJ B-ADJP
+to TO B-VP
+keep VB I-VP
+operations NNS B-NP
+aligned VBN B-VP
+with IN B-PP
+demand NN B-NP
+. . O
+'' '' O
+
+Further RB B-ADVP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+an DT B-NP
+internal JJ I-NP
+reorganization NN I-NP
+to TO B-VP
+combine VB I-VP
+several JJ B-NP
+divisions NNS I-NP
+into IN B-PP
+the DT B-NP
+Information NNP I-NP
+Technology NNP I-NP
+Group NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+affect VB I-VP
+fourth-quarter JJ B-NP
+results NNS I-NP
+by IN B-PP
+an DT B-NP
+undisclosed JJ I-NP
+amount NN I-NP
+. . O
+
+Lynch NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+Lynch NNP I-NP
+Telephone NNP I-NP
+Corp. NNP I-NP
+subsidiary NN I-NP
+completed VBD B-VP
+the DT B-NP
+acquisition NN I-NP
+of IN B-PP
+Western NNP B-NP
+New NNP I-NP
+Mexico NNP I-NP
+Telephone NNP I-NP
+Co. NNP I-NP
+for IN B-PP
+$ $ B-NP
+20 CD I-NP
+million CD I-NP
+plus CC B-NP
+assumption NN B-NP
+of IN B-PP
+$ $ B-NP
+24 CD I-NP
+million CD I-NP
+of IN B-PP
+debt NN B-NP
+. . O
+
+Western NNP B-NP
+New NNP I-NP
+Mexico NNP I-NP
+Telephone NNP I-NP
+, , O
+Silver NNP B-NP
+City NNP I-NP
+, , O
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+1.9 CD I-NP
+million CD I-NP
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+10 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+an DT B-NP
+independent JJ I-NP
+phone NN I-NP
+company NN I-NP
+with IN B-PP
+a DT B-NP
+service NN I-NP
+area NN I-NP
+of IN B-PP
+15,000 CD B-NP
+square NN I-NP
+miles NNS I-NP
+in IN B-PP
+southwest RB B-NP
+New NNP I-NP
+Mexico NNP I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+also RB B-ADVP
+a DT B-NP
+partner NN I-NP
+in IN B-PP
+the DT B-NP
+wireline JJ I-NP
+cellular JJ I-NP
+franchise NN I-NP
+covering VBG B-VP
+most RBS B-NP
+of IN B-PP
+western JJ B-NP
+New NNP I-NP
+Mexico NNP I-NP
+. . O
+
+The DT B-NP
+transaction NN I-NP
+represents VBZ B-VP
+Lynch NNP B-NP
+'s POS B-NP
+entry NN I-NP
+into IN B-PP
+the DT B-NP
+telephone NN I-NP
+business NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+interests NNS B-NP
+in IN B-PP
+television NN B-NP
+, , O
+trucking NN B-NP
+services NNS I-NP
+, , O
+and CC O
+glass-making NN B-NP
+and CC I-NP
+food-processing NN I-NP
+equipment NN I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+make VB I-VP
+other JJ B-NP
+acquisitions NNS I-NP
+in IN B-PP
+the DT B-NP
+telephone NN I-NP
+industry NN I-NP
+. . O
+
+Nelson NNP B-NP
+Bunker NNP I-NP
+Hunt NNP I-NP
+'s POS B-NP
+attempted VBD I-NP
+corner NN I-NP
+on IN B-PP
+silver NN B-NP
+a DT B-NP
+decade NN I-NP
+ago RB B-ADVP
+is VBZ B-VP
+still RB I-VP
+haunting JJ I-VP
+the DT B-NP
+market NN I-NP
+in IN B-PP
+this DT B-NP
+metal NN I-NP
+. . O
+
+Silver NN B-NP
+, , O
+now JJ B-VP
+trading NN I-VP
+around IN B-NP
+$ $ I-NP
+5 VBG I-NP
+an DT B-NP
+ounce NN I-NP
+, , O
+surged VBD B-VP
+to TO B-PP
+an DT B-NP
+all-time JJ I-NP
+peak NN I-NP
+of IN B-PP
+$ $ B-NP
+50 CD I-NP
+an DT B-NP
+ounce NN I-NP
+in IN B-PP
+January NNP B-NP
+1980 CD I-NP
+from IN B-PP
+around IN B-NP
+$ $ I-NP
+9 CD I-NP
+in IN B-PP
+mid-1979 NN B-NP
+. . O
+
+`` `` O
+Mr. NNP B-NP
+Hunt NNP I-NP
+'s POS B-NP
+attempt NN I-NP
+to TO B-VP
+squeeze VB I-VP
+the DT B-NP
+silver NN I-NP
+market NN I-NP
+10 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+is VBZ B-VP
+still RB B-ADVP
+indirectly RB B-ADVP
+to TO B-VP
+blame VB I-VP
+for IN B-PP
+today NN B-NP
+'s POS B-NP
+market NN I-NP
+depression NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Lesley NNP B-NP
+Edgar NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+of IN B-PP
+Sharps NNP B-NP
+Pixley NNP I-NP
+Ltd. NNP I-NP
+, , O
+London NNP B-NP
+bullion NN I-NP
+brokers NNS I-NP
+. . O
+
+While IN B-SBAR
+some DT B-NP
+100 CD I-NP
+million CD I-NP
+ounces NNS I-NP
+of IN B-PP
+silver NN B-NP
+once RB B-VP
+held VBD I-VP
+by IN B-PP
+Mr. NNP B-NP
+Hunt NNP I-NP
+and CC O
+Middle NNP B-NP
+Eastern NNP I-NP
+associates NNS I-NP
+are VBP B-VP
+n't RB I-VP
+hanging VBG I-VP
+over IN B-PP
+the DT B-NP
+market NN I-NP
+anymore RB B-ADVP
+, , O
+the DT B-NP
+price NN I-NP
+surge NN I-NP
+of IN B-PP
+1979-80 CD B-NP
+precipitated VBD B-VP
+an DT B-NP
+expansion NN I-NP
+of IN B-PP
+mine NN B-NP
+production NN I-NP
+and CC O
+scrap NN B-NP
+recovery NN I-NP
+and CC O
+encouraged VBN B-VP
+silver NN B-NP
+consumers NNS I-NP
+to TO B-VP
+economize VB I-VP
+on IN B-PP
+silver NN B-NP
+use NN I-NP
+, , O
+Mr. NNP B-NP
+Edgar NNP I-NP
+says VBZ B-VP
+. . O
+
+Photographic JJ B-NP
+developers NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+bought VBD B-VP
+equipment NN B-NP
+to TO B-VP
+recover VB I-VP
+silver NN B-NP
+from IN B-PP
+spent VBN B-NP
+photographs NNS I-NP
+, , I-NP
+negatives NNS I-NP
+and CC I-NP
+processing NN I-NP
+solutions NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+photographic JJ I-NP
+industry NN I-NP
+, , O
+which WDT B-NP
+accounts VBZ B-VP
+for IN B-PP
+44 CD B-NP
+% NN I-NP
+of IN B-PP
+silver NN B-NP
+consumption NN I-NP
+, , O
+continues VBZ B-VP
+to TO I-VP
+look VB I-VP
+for IN B-PP
+substitutes NNS B-NP
+. . O
+
+Japanese JJ B-NP
+and CC I-NP
+U.S. NNP I-NP
+photographic JJ I-NP
+firms NNS I-NP
+are VBP B-VP
+beginning VBG I-VP
+to TO I-VP
+produce VB I-VP
+electronic JJ B-NP
+cameras NNS I-NP
+and CC I-NP
+X-rays NNS I-NP
+that WDT B-NP
+do VBP B-VP
+n't RB I-VP
+require VB I-VP
+silver NN B-NP
+, , O
+dealers NNS B-NP
+say VBP B-VP
+. . O
+
+Silver NN B-NP
+'s POS B-NP
+history NN I-NP
+of IN B-PP
+volatility NN B-NP
+is VBZ B-VP
+also RB I-VP
+discouraging VBG I-VP
+investors NNS B-NP
+, , O
+dealers NNS B-NP
+say VBP B-VP
+. . O
+
+Even RB B-ADVP
+in IN B-PP
+the DT B-NP
+present JJ I-NP
+uncertain JJ I-NP
+investment NN I-NP
+climate NN I-NP
+, , O
+investors NNS B-NP
+are VBP B-VP
+preferring VBG I-VP
+`` `` O
+quality NN B-NP
+assets NNS I-NP
+'' '' O
+such JJ B-PP
+as IN I-PP
+Treasury NNP B-NP
+bills NNS I-NP
+and CC O
+bonds NNS B-NP
+to TO B-PP
+gold NN B-NP
+, , I-NP
+silver NN I-NP
+and CC I-NP
+platinum NN I-NP
+, , O
+dealers NNS B-NP
+say VBP B-VP
+. . O
+
+Although IN B-SBAR
+prices NNS B-NP
+rallied VBD B-VP
+briefly NN B-ADVP
+following VBG B-PP
+the DT B-NP
+tumble NN I-NP
+on IN B-PP
+world NN B-NP
+stock NN I-NP
+markets NNS I-NP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+and CC O
+the DT B-NP
+related VBN I-NP
+decline NN I-NP
+of IN B-PP
+the DT B-NP
+dollar NN I-NP
+, , O
+precious JJ B-NP
+metals NNS I-NP
+are VBP B-VP
+out IN B-PP
+of IN B-PP
+favor NN B-NP
+for IN B-PP
+the DT B-NP
+moment NN I-NP
+because IN B-PP
+of IN I-PP
+high JJ B-NP
+interest NN I-NP
+rates NNS I-NP
+and CC O
+a DT B-NP
+determination NN I-NP
+by IN B-PP
+industrial JJ B-NP
+nations NNS I-NP
+to TO B-VP
+curb VB I-VP
+inflation NN B-NP
+, , O
+dealers NNS B-NP
+say VBP B-VP
+. . O
+
+Silver NN B-NP
+, , O
+however RB B-ADVP
+is VBZ B-VP
+in IN B-PP
+a DT B-NP
+deeper JJR I-NP
+slump NN I-NP
+than IN B-SBAR
+are VBP B-VP
+gold NN B-NP
+and CC I-NP
+platinum NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+contend VBP B-VP
+that DT O
+silver NN B-NP
+is VBZ B-VP
+cheap JJ B-ADJP
+now RB B-SBAR
+that IN I-SBAR
+prices NNS B-NP
+are VBP B-VP
+languishing VBG I-VP
+at IN B-PP
+levels NNS B-NP
+last RB B-VP
+seen VBN I-VP
+in IN B-PP
+the DT B-NP
+mid-1970s NNS I-NP
+. . O
+
+`` `` O
+Bargain NN B-NP
+hunters NNS I-NP
+believe VBP B-VP
+that DT O
+silver NN B-NP
+offers VBZ B-VP
+the DT B-NP
+best JJS I-NP
+value NN I-NP
+amongst IN B-PP
+precious JJ B-NP
+metals NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Frederick NNP B-NP
+R. NNP I-NP
+Demler NNP I-NP
+, , O
+analyst NN B-NP
+at IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc NNP I-NP
+. . O
+
+A DT B-NP
+further JJ I-NP
+decline NN I-NP
+in IN B-PP
+prices NNS B-NP
+will MD B-VP
+lead VB I-VP
+to TO B-PP
+mine VB B-NP
+production NN I-NP
+cuts NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Scrap NN B-NP
+merchants NNS I-NP
+are VBP B-VP
+converting VBG I-VP
+smaller JJR B-NP
+quantities NNS I-NP
+of IN B-PP
+metal NN B-NP
+into IN B-PP
+silver NN B-NP
+, , O
+while IN B-SBAR
+low JJ B-NP
+prices NNS I-NP
+are VBP B-VP
+discouraging VBG I-VP
+exports NNS B-NP
+from IN B-PP
+India NNP B-NP
+and CC O
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+. . O
+
+Silver JJ B-NP
+prices NNS I-NP
+could MD B-VP
+also RB I-VP
+be VB I-VP
+boosted VBN I-VP
+by IN B-PP
+strikes NNS B-NP
+in IN B-PP
+leading VBG B-NP
+producing VBG I-NP
+nations NNS I-NP
+Peru NNP I-NP
+and CC I-NP
+Mexico NNP I-NP
+, , O
+Mr. NNP B-NP
+Demler NNP I-NP
+says VBZ B-VP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+total JJ B-NP
+fabrication NN I-NP
+demand NN I-NP
+for IN B-PP
+silver NN B-NP
+has VBZ B-VP
+risen VBN I-VP
+six CD B-NP
+years NNS I-NP
+in IN B-PP
+a DT B-NP
+row NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Japanese JJ B-NP
+demand NN I-NP
+grew VBN B-VP
+by IN B-PP
+70 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+and CC O
+the DT B-NP
+nation NN I-NP
+plans VBZ B-VP
+an DT B-NP
+issue NN I-NP
+of IN B-PP
+a DT B-NP
+silver NN I-NP
+commemorative JJ I-NP
+coin NN I-NP
+that WDT B-NP
+will MD B-VP
+require VB I-VP
+4.5 CD B-NP
+million CD I-NP
+ounces NNS I-NP
+. . O
+
+Compared VBN B-PP
+with IN B-PP
+huge JJ B-NP
+annual JJ I-NP
+surpluses NNS I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+100 CD I-NP
+million CD I-NP
+ounces NNS I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+of IN B-PP
+the DT B-NP
+1980s CD I-NP
+, , O
+world NN B-NP
+silver NN I-NP
+supplies NNS I-NP
+and CC I-NP
+consumption NN I-NP
+are VBP B-VP
+now RB B-ADVP
+nearly RB B-ADVP
+in IN B-PP
+balance NN B-NP
+, , O
+Mr. NNP B-NP
+Demler NNP I-NP
+says VBZ B-VP
+. . O
+
+Despite IN B-PP
+intermittent JJ B-NP
+rallies NNS I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+few JJ I-NP
+years NNS I-NP
+, , O
+improvements NNS B-NP
+in IN B-PP
+the DT B-NP
+supply-demand JJ I-NP
+balance NN I-NP
+have VBP B-VP
+n't RB I-VP
+managed VBN I-VP
+to TO I-VP
+push VB I-VP
+silver NN B-NP
+prices NNS I-NP
+into IN B-PP
+a DT B-NP
+higher JJR I-NP
+range NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+just RB B-ADVP
+too RB B-NP
+much JJ I-NP
+silver NN I-NP
+around IN B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Tom NNP B-NP
+Butler NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+Samuel NNP B-NP
+Montagu NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+London NNP I-NP
+bullion NN I-NP
+house NN I-NP
+. . O
+
+A DT B-NP
+huge JJ I-NP
+silver NN I-NP
+stockpile NN I-NP
+at IN B-PP
+exchanges NNS B-NP
+, , O
+refiners NNS B-NP
+, , O
+consuming VBG B-NP
+industries NNS I-NP
+and CC O
+government NN B-NP
+warehouses NNS I-NP
+of IN B-PP
+at IN B-NP
+least JJS I-NP
+617 CD I-NP
+million CD I-NP
+ounces NNS I-NP
+is VBZ B-VP
+the DT B-NP
+market NN I-NP
+depressant NN I-NP
+, , O
+says VBZ B-VP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+a DT B-NP
+report NN I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+alone RB B-ADVP
+, , O
+inventories NNS B-NP
+at IN B-PP
+the DT B-NP
+Commodity NNP I-NP
+Exchange NNP I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+jumped VBD B-VP
+`` `` O
+by IN B-PP
+a DT B-NP
+staggering JJ I-NP
+46 CD I-NP
+million CD I-NP
+to TO B-PP
+221 CD B-NP
+million CD I-NP
+ounces NNS I-NP
+'' '' O
+because IN B-PP
+of IN I-PP
+producer NN B-NP
+deliveries NNS I-NP
+, , O
+de-stocking NN B-NP
+by IN B-PP
+fabricators NNS B-NP
+and CC O
+sales NNS B-NP
+by IN B-PP
+disenchanted JJ B-NP
+investors NNS I-NP
+, , O
+says VBZ B-VP
+Rhona NNP B-NP
+O'Connell NNP I-NP
+, , O
+London-based JJ B-NP
+precious JJ I-NP
+metals NNS I-NP
+analyst NN I-NP
+at IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+. . O
+
+`` `` O
+Silver NN B-NP
+production NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+in IN B-PP
+an DT B-NP
+inexorable JJ I-NP
+upward JJ I-NP
+trend NN I-NP
+, , O
+'' '' O
+Ms. NNP B-NP
+O'Connell NNP I-NP
+says VBZ B-VP
+. . O
+
+Moreover RB B-ADVP
+, , O
+while IN B-SBAR
+Asian JJ B-NP
+and CC I-NP
+Middle NNP I-NP
+Eastern NNP I-NP
+investors NNS I-NP
+hoard VBP B-VP
+gold NN B-NP
+and CC O
+help VB B-VP
+underpin VB I-VP
+its PRP$ B-NP
+price NN I-NP
+, , O
+silver NN B-NP
+does VBZ B-VP
+n't RB I-VP
+have VB I-VP
+the DT B-NP
+same JJ I-NP
+mystique NN I-NP
+, , O
+dealers NNS B-NP
+say VBP B-VP
+. . O
+
+Investors NNS B-NP
+have VBP B-VP
+gotten VBN I-VP
+burned VBN I-VP
+on IN B-PP
+silver NN B-NP
+so RB B-ADVP
+often RB I-ADVP
+that IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+far RB B-ADJP
+more RBR I-ADJP
+partial JJ I-ADJP
+to TO B-PP
+gold NN B-NP
+, , O
+says VBZ B-VP
+Urs NNP B-NP
+Seiler NNP I-NP
+, , O
+senior JJ B-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+Union NNP B-NP
+Bank NNP I-NP
+of IN B-PP
+Switzerland NNP B-NP
+. . O
+
+Yet RB O
+if IN B-SBAR
+gold NN B-NP
+prices NNS I-NP
+improve VBP B-VP
+, , O
+silver NN B-NP
+prices NNS I-NP
+could MD B-VP
+rally VB I-VP
+sharply RB B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+However RB B-ADVP
+, , O
+dealers NNS B-NP
+caution VBP B-VP
+that IN B-SBAR
+any DT B-NP
+increase NN I-NP
+would MD B-VP
+be VB I-VP
+$ $ B-NP
+1 CD I-NP
+to TO I-NP
+$ $ I-NP
+2 CD I-NP
+at IN B-ADVP
+most RBS I-ADVP
+. . O
+
+Looking VBG B-VP
+ahead RB B-ADVP
+to TO B-PP
+other JJ B-NP
+commodity NN I-NP
+markets VBZ I-NP
+this DT B-NP
+week NN I-NP
+: : O
+
+Livestock NN B-NP
+and CC I-NP
+Meats NNS I-NP
+
+Analysts NNS B-NP
+expect VBP B-VP
+the DT B-NP
+prices NNS I-NP
+of IN B-PP
+live VB B-NP
+cattle NNS I-NP
+futures NNS I-NP
+contracts NNS I-NP
+to TO B-VP
+rise VB I-VP
+in IN B-PP
+trading NN B-NP
+today NN B-NP
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+a DT B-NP
+government NN I-NP
+quarterly JJ I-NP
+census NN I-NP
+that WDT B-NP
+found VBD B-VP
+fewer-than-expected JJ B-NP
+cattle NNS I-NP
+on IN B-PP
+feedlots NNS B-NP
+. . O
+
+After IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+trading NN B-NP
+Friday NNP B-NP
+, , O
+the DT B-NP
+Agriculture NNP I-NP
+Department NNP I-NP
+reported VBD B-VP
+that IN B-SBAR
+feedlots NNS B-NP
+in IN B-PP
+the DT B-NP
+13 CD I-NP
+biggest JJS I-NP
+ranch NN I-NP
+states NNS I-NP
+held VBN B-VP
+8.06 CD B-NP
+million CD I-NP
+cattle NNS I-NP
+on IN B-PP
+Oct. NNP B-NP
+1 CD I-NP
+, , O
+down RB B-ADVP
+6 CD B-NP
+% NN I-NP
+from IN B-PP
+that DT B-NP
+date NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Most JJS B-NP
+analysts NNS I-NP
+had VBD B-VP
+expected VBN I-VP
+the DT B-NP
+government NN I-NP
+to TO B-VP
+report VB I-VP
+a DT B-NP
+4 CD I-NP
+% NN I-NP
+decline NN I-NP
+. . O
+
+Feedlots NNS B-NP
+fatten VBP B-VP
+young JJ B-NP
+cattle NNS I-NP
+for IN B-PP
+slaughter NN B-NP
+, , O
+so RB O
+a DT B-NP
+decline NN I-NP
+signals VBZ B-VP
+a DT B-NP
+tightening VBG I-NP
+supply NN I-NP
+of IN B-PP
+beef NN B-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+reported VBD B-VP
+that IN B-SBAR
+the DT B-NP
+number NN I-NP
+of IN B-PP
+young JJ B-NP
+cattle NNS I-NP
+placed VBN B-VP
+on IN B-PP
+feedlots NNS B-NP
+during IN B-PP
+the DT B-NP
+quarter NN I-NP
+dropped VBD B-VP
+5 NN B-NP
+% NN I-NP
+compared VBN B-PP
+with IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+quarter NN I-NP
+. . O
+
+Many JJ B-NP
+industry NN I-NP
+analysts NNS I-NP
+had VBD B-VP
+been VBN I-VP
+projecting VBG I-VP
+a DT B-NP
+3 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+placements NNS B-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+1988 CD I-NP
+quarter NN I-NP
+, , O
+many JJ B-NP
+farmers NNS I-NP
+were VBD B-VP
+forced VBN I-VP
+to TO I-VP
+sell VB I-VP
+their PRP$ B-NP
+cattle NNS I-NP
+to TO B-PP
+feedlot NN B-NP
+operators NNS I-NP
+because IN B-SBAR
+the DT B-NP
+drought NN I-NP
+dried VBD B-VP
+out RP B-PRT
+the IN B-NP
+pasture NN I-NP
+on IN B-PP
+their PRP$ B-NP
+ranches NNS I-NP
+. . O
+
+The DT B-NP
+number NN I-NP
+of IN B-PP
+cattle NNS B-NP
+moving VBG B-VP
+onto IN B-PP
+feedlots NNS B-NP
+in IN B-PP
+the DT B-NP
+recent JJ I-NP
+quarter NN I-NP
+was VBD B-VP
+also RB B-ADVP
+lower JJR B-ADJP
+because IN B-SBAR
+fattening VBG B-VP
+cattle NNS B-NP
+is VBZ B-VP
+less RBR B-ADJP
+profitable JJ I-ADJP
+. . O
+
+A DT B-NP
+shortage NN I-NP
+of IN B-PP
+young JJ B-NP
+cattle NNS I-NP
+has VBZ B-VP
+made VBN I-VP
+them PRP B-NP
+more RBR B-ADJP
+expensive JJ I-ADJP
+for IN B-SBAR
+feedlot NN B-NP
+operators NNS I-NP
+to TO B-VP
+buy VB I-VP
+. . O
+
+The DT B-NP
+Agriculture NNP I-NP
+Department NNP I-NP
+also RB B-ADVP
+said VBD B-VP
+that IN B-SBAR
+the DT B-NP
+number NN I-NP
+of IN B-PP
+fattened VBN B-NP
+cattle NNS I-NP
+slaughtered VBN B-VP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+dropped VBN B-VP
+by IN B-PP
+5 NN B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+1988 CD I-NP
+quarter NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+in IN B-PP
+line NN B-NP
+with IN B-PP
+projections NNS B-NP
+by IN B-PP
+analysts NNS B-NP
+. . O
+
+Energy NNP B-NP
+
+Friday NNP B-NP
+'s POS B-NP
+44-cent-a-barrel JJ I-NP
+price NN I-NP
+drop NN I-NP
+to TO B-PP
+$ $ B-NP
+19.98 CD I-NP
+in IN B-PP
+the DT B-NP
+expiring VBG I-NP
+November NNP I-NP
+contract NN I-NP
+for IN B-PP
+West NNP B-NP
+Texas NNP I-NP
+Intermediate NNP I-NP
+crude NN I-NP
+may MD B-VP
+well RB I-VP
+set VBN I-VP
+the DT B-NP
+tone NN I-NP
+for IN B-PP
+trading VBG B-NP
+this DT B-NP
+week NN I-NP
+in IN B-PP
+petroleum NN B-NP
+futures NNS I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Mercantile NNP I-NP
+Exchange NNP I-NP
+. . O
+
+Most JJS B-NP
+traders NNS I-NP
+and CC I-NP
+analysts NNS I-NP
+attributed VBD B-VP
+the DT B-NP
+decline NN I-NP
+to TO B-PP
+technical JJ B-NP
+factors NNS I-NP
+associated VBN B-VP
+with IN B-PP
+the DT B-NP
+contract NN I-NP
+'s POS B-NP
+going VBG B-VP
+off IN B-PP
+the DT B-NP
+board NN I-NP
+. . O
+
+Others NNS B-NP
+said VBD B-VP
+that IN B-SBAR
+the DT B-NP
+drop NN I-NP
+continued VBD B-VP
+the DT B-NP
+downward JJ I-NP
+correction NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+been VBN I-VP
+due JJ B-ADJP
+in IN B-PP
+the DT B-NP
+petroleum NN I-NP
+pits NNS I-NP
+and CC O
+that IN B-SBAR
+such JJ B-NP
+a DT I-NP
+trend NN I-NP
+could MD B-VP
+well RB I-VP
+continue VB I-VP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+several JJ I-NP
+trading NN I-NP
+sessions NNS I-NP
+. . O
+
+Barring VBG B-PP
+any DT B-NP
+petroleum-related JJ I-NP
+news NN I-NP
+events NNS I-NP
+, , O
+trading NN B-NP
+in IN B-PP
+the DT B-NP
+days NNS I-NP
+ahead RB B-ADVP
+should MD B-VP
+further VB I-VP
+test NN I-VP
+recent JJ B-NP
+projections NNS I-NP
+by IN B-PP
+oil NN B-NP
+economists NNS I-NP
+and CC O
+other JJ B-NP
+market NN I-NP
+watchers NNS I-NP
+that IN B-SBAR
+strong JJ B-NP
+fourth-quarter JJ I-NP
+demand NN I-NP
+will MD B-VP
+keep VB I-VP
+prices NNS B-NP
+firm NN B-ADJP
+. . O
+
+Copper NN B-NP
+
+Copper NN B-NP
+prices NNS I-NP
+fell VBD B-VP
+sharply RB B-ADVP
+Friday NNP B-NP
+afternoon NN I-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+copper NN B-NP
+for IN B-PP
+December NNP B-NP
+delivery NN I-NP
+settled VBD B-VP
+4.5 CD B-NP
+cents NNS I-NP
+lower JJR B-ADVP
+at IN B-PP
+$ $ B-NP
+1.2345 CD I-NP
+a DT B-NP
+pound NN I-NP
+. . O
+
+Pressure NN B-NP
+came VBD B-VP
+from IN B-PP
+several JJ B-NP
+developments NNS I-NP
+including VBG B-PP
+the DT B-NP
+settlement NN I-NP
+of IN B-PP
+two CD B-NP
+long-term JJ I-NP
+strikes NNS I-NP
+. . O
+
+On IN B-PP
+Friday NNP B-NP
+, , O
+one CD B-NP
+analyst NN I-NP
+said VBD B-VP
+, , O
+rank-and-file JJ B-NP
+workers NNS I-NP
+ratified VBD B-VP
+a DT B-NP
+new JJ I-NP
+labor NN I-NP
+agreement NN I-NP
+ending VBG B-VP
+a DT B-NP
+three-month JJ I-NP
+strike NN I-NP
+at IN B-PP
+the DT B-NP
+Highland NNP I-NP
+Valley NNP I-NP
+mine NN I-NP
+in IN B-PP
+British NNP B-NP
+Columbia NNP I-NP
+. . O
+
+In IN B-PP
+Mexico NNP B-NP
+, , O
+the DT B-NP
+analyst NN I-NP
+added VBD B-VP
+, , O
+employees VBZ B-NP
+at IN B-PP
+the DT B-NP
+Cananea NNP I-NP
+mine NN I-NP
+, , O
+who WP B-NP
+have VBP B-VP
+been VBN I-VP
+out IN B-PP
+of IN B-PP
+work NN B-NP
+since IN B-PP
+late JJ B-NP
+August NNP I-NP
+when WRB B-ADVP
+the DT B-NP
+mine NN I-NP
+was VBD B-VP
+declared VBN I-VP
+bankrupt JJ B-ADJP
+by IN B-PP
+the DT B-NP
+government NN I-NP
+, , O
+accepted VBD B-VP
+a DT B-NP
+35 CD I-NP
+% NN I-NP
+cut NN I-NP
+in IN B-PP
+the DT B-NP
+3,800-man JJ I-NP
+work NN I-NP
+force NN I-NP
+. . O
+
+The DT B-NP
+mine NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+return VB I-VP
+to TO B-PP
+production NN B-NP
+in IN B-PP
+about IN B-NP
+a DT I-NP
+week NN I-NP
+. . O
+
+On IN B-PP
+Friday NNP B-NP
+, , O
+selling VBG B-NP
+dominated VBN B-VP
+the DT B-NP
+afternoon NN I-NP
+`` `` I-NP
+curb VB I-NP
+'' '' I-NP
+session NN I-NP
+in IN B-PP
+London NNP B-NP
+, , O
+which WDT B-NP
+takes VBZ B-VP
+place NN B-NP
+at IN B-PP
+noon NN B-NP
+EDT NNP I-NP
+. . O
+
+The DT B-NP
+premium NN I-NP
+of IN B-PP
+cash NN B-NP
+copper NN I-NP
+to TO B-PP
+the DT B-NP
+three-month JJ I-NP
+forward JJ I-NP
+offerings NNS I-NP
+narrowed VBD B-VP
+, , O
+indicating VBG B-VP
+weaker JJR B-NP
+demand NN I-NP
+for IN B-PP
+cash NN B-NP
+copper NN I-NP
+. . O
+
+Long-term JJ B-NP
+support NN I-NP
+for IN B-PP
+the DT B-NP
+December NNP I-NP
+contract NN I-NP
+was VBD B-VP
+believed VBN I-VP
+to TO I-VP
+be VB I-VP
+at IN B-PP
+$ $ B-NP
+1.25 CD I-NP
+a DT B-NP
+pound NN I-NP
+. . O
+
+A DT B-NP
+technical JJ I-NP
+analyst NN I-NP
+said VBD B-VP
+there EX B-NP
+were VBD B-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+stop-loss NN B-NP
+orders NNS I-NP
+under IN B-PP
+that DT B-NP
+level NN I-NP
+that WDT B-NP
+were VBD B-VP
+touched VBN I-VP
+off IN B-PRT
+when WRB B-ADVP
+the DT B-NP
+contract NN I-NP
+'s POS B-NP
+price NN I-NP
+fell VBD B-VP
+below IN B-PP
+it PRP B-NP
+. . O
+
+That DT B-NP
+brought VBN B-VP
+in IN B-ADVP
+considerable JJ B-NP
+fund NN I-NP
+selling VBG I-NP
+, , O
+which WDT B-NP
+continued VBD B-VP
+until IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+trading NN B-NP
+. . O
+
+`` `` O
+In IN B-PP
+general JJ B-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+a DT B-NP
+bearish JJ I-NP
+close NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Ben NNP B-NP
+Hanauer NNP I-NP
+, , O
+a DT B-NP
+copper NN I-NP
+trader NN I-NP
+at IN B-PP
+Rudolph NNP B-NP
+Wolff NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+major JJ I-NP
+commodities NNS I-NP
+trading NN I-NP
+and CC I-NP
+brokerage NN I-NP
+firm NN I-NP
+. . O
+
+But CC O
+whether IN B-SBAR
+this DT B-NP
+price NN I-NP
+break NN I-NP
+has VBZ B-VP
+implications NNS B-NP
+for IN B-PP
+this DT B-NP
+week NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+`` `` O
+we PRP B-NP
+will MD B-VP
+know VB I-VP
+more JJR B-NP
+when WRB B-ADVP
+the DT B-NP
+London NNP I-NP
+Metal NNP I-NP
+Exchange NNP I-NP
+copper NN I-NP
+stock NN I-NP
+levels NNS I-NP
+are VBP B-VP
+released VBN I-VP
+Monday NNP B-NP
+morning NN I-NP
+. . O
+'' '' O
+
+Another DT B-NP
+analyst NN I-NP
+said VBD B-VP
+he PRP B-NP
+expected VBD B-VP
+LME NNP B-NP
+inventories NNS I-NP
+to TO B-VP
+be VB I-VP
+down RB B-ADJP
+by IN B-PP
+about IN B-NP
+15,000 CD I-NP
+tons NNS I-NP
+when WRB B-ADVP
+the DT B-NP
+weekly JJ I-NP
+report NN I-NP
+is VBZ B-VP
+issued VBN I-VP
+. . O
+
+Bernard NNP B-NP
+Savaiko NNP I-NP
+, , O
+senior JJ B-NP
+commodities NNS I-NP
+analyst NN I-NP
+at IN B-PP
+PaineWebber NNP B-NP
+Inc. NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+when WRB B-ADVP
+traders NNS B-NP
+saw VBD B-VP
+the DT B-NP
+market NN I-NP
+was VBD B-VP
+n't RB I-VP
+reacting VBG I-VP
+positively RB B-ADVP
+to TO B-PP
+the DT B-NP
+forecasts NNS I-NP
+of IN B-PP
+lower JJR B-NP
+LME NNP I-NP
+stocks NNS I-NP
+, , O
+they PRP B-NP
+perceived VBD B-VP
+a DT B-NP
+bearish JJ I-NP
+sign NN I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+noted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Japanese NN I-NP
+, , O
+who WP B-NP
+had VBD B-VP
+been VBN I-VP
+buying VBG I-VP
+at IN B-PP
+prices NNS B-NP
+just RB B-ADVP
+above IN B-PP
+the DT B-NP
+$ $ I-NP
+1.25 CD I-NP
+level NN I-NP
+, , O
+apparently RB B-ADVP
+pulled VBD B-VP
+back RB B-ADVP
+from IN B-PP
+the DT B-NP
+market NN I-NP
+on IN B-PP
+Friday NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Savaiko NNP I-NP
+said VBD B-VP
+he PRP B-NP
+sees VBZ B-VP
+a DT B-NP
+possibility NN I-NP
+of IN B-PP
+the DT B-NP
+December NNP I-NP
+contract NN I-NP
+dropping VBG B-VP
+to TO B-PP
+$ $ B-NP
+1.05 CD I-NP
+a DT B-NP
+pound NN I-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+Co. NNP I-NP
+will MD B-VP
+announce VB I-VP
+today NN B-NP
+a DT B-NP
+software NN I-NP
+program NN I-NP
+that WDT B-NP
+allows VBZ B-VP
+computers NNS B-NP
+in IN B-PP
+a DT B-NP
+network NN I-NP
+to TO B-VP
+speed VB I-VP
+up IN B-PRT
+computing VBG B-NP
+tasks NNS I-NP
+by IN B-PP
+sending VBG B-VP
+the DT B-NP
+tasks NNS I-NP
+to TO B-PP
+each DT B-NP
+other NN I-NP
+. . O
+
+Called VBN B-VP
+Task NNP B-NP
+Broker NNP I-NP
+, , O
+the DT B-NP
+program NN I-NP
+acts NNS B-VP
+something NN B-NP
+like IN B-PP
+an DT B-NP
+auctioneer NN I-NP
+among IN B-PP
+a DT B-NP
+group NN I-NP
+of IN B-PP
+computers NNS B-NP
+wired VBN B-VP
+together RB B-ADVP
+. . O
+
+If IN B-SBAR
+a DT B-NP
+machine NN I-NP
+has VBZ B-VP
+a DT B-NP
+big JJ I-NP
+computing NN I-NP
+task NN I-NP
+, , O
+Task NNP B-NP
+Broker NNP I-NP
+asks VBZ B-VP
+other JJ B-NP
+computers NNS I-NP
+in IN B-PP
+the DT B-NP
+network NN I-NP
+for IN B-PP
+`` `` O
+bids NNS B-NP
+'' '' O
+on IN B-PP
+the DT B-NP
+job NN I-NP
+. . O
+
+It PRP B-NP
+then RB B-ADVP
+determines VBZ B-VP
+which WDT B-NP
+machine NN I-NP
+is VBZ B-VP
+free JJ B-ADJP
+to TO B-VP
+do VB I-VP
+the DT B-NP
+task NN I-NP
+most RBS B-ADVP
+quickly RB I-ADVP
+and CC O
+sends VBZ B-VP
+the DT B-NP
+task NN I-NP
+to TO B-PP
+that DT B-NP
+machine NN I-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+claims NNS B-VP
+that IN B-SBAR
+the DT B-NP
+software NN I-NP
+allows VBZ B-VP
+a DT B-NP
+network NN I-NP
+to TO B-VP
+run VB I-VP
+three CD B-NP
+times NNS I-NP
+as IN I-NP
+many JJ I-NP
+tasks NNS I-NP
+as IN B-PP
+conventional JJ B-NP
+networks NNS I-NP
+and CC O
+will MD B-VP
+run VB I-VP
+each DT B-NP
+task NN I-NP
+twice RB B-ADVP
+as IN I-ADVP
+fast RB I-ADVP
+. . O
+
+The DT B-NP
+new JJ I-NP
+Hewlett-Packard NNP I-NP
+program NN I-NP
+, , O
+said VBD B-VP
+analyst NN B-NP
+John NNP I-NP
+McCarthy NNP I-NP
+at IN B-PP
+Forrester NNP B-NP
+Research NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+computer-market JJ I-NP
+research NN I-NP
+company NN I-NP
+, , O
+`` `` O
+is VBZ B-VP
+a DT B-NP
+key JJ I-NP
+building NN I-NP
+block NN I-NP
+as IN B-SBAR
+people NNS B-NP
+move VBP B-VP
+to TO B-PP
+this DT B-NP
+new JJ I-NP
+model NN I-NP
+of IN B-PP
+distributed VBN B-NP
+processing NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+today NN B-NP
+'s POS B-NP
+computer NN I-NP
+networks NNS I-NP
+, , O
+some DT B-NP
+machines NNS I-NP
+often RB B-ADVP
+sit VBP B-VP
+idle JJ B-ADJP
+while IN B-SBAR
+others NNS B-NP
+are VBP B-VP
+overtaxed JJ I-VP
+. . O
+
+With IN B-PP
+the DT B-NP
+Hewlett-Packard NNP I-NP
+program NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+`` `` O
+You PRP B-NP
+get VBP B-VP
+more JJR B-NP
+bang NN I-NP
+for IN B-PP
+the DT B-NP
+buck NN I-NP
+you PRP B-NP
+'ve VBP B-VP
+spent VBD I-VP
+on IN B-PP
+computers NNS B-NP
+. . O
+'' '' O
+
+The DT B-NP
+program NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+be VB I-VP
+shipped VBN I-VP
+in IN B-PP
+January NNP B-NP
+1990 CD I-NP
+, , O
+runs VBZ B-VP
+on IN B-PP
+the DT B-NP
+Unix NNP I-NP
+operating VBG I-NP
+system NN I-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+will MD B-VP
+charge VB I-VP
+$ $ B-NP
+5,000 CD I-NP
+for IN B-PP
+a DT B-NP
+license NN I-NP
+covering VBG B-VP
+10 CD B-NP
+users NNS I-NP
+. . O
+
+The DT B-NP
+program NN I-NP
+now RB B-ADVP
+works VBZ B-VP
+on IN B-PP
+all DT B-NP
+Hewlett-Packard NNP I-NP
+and CC I-NP
+Apollo NNP I-NP
+workstations NNS I-NP
+and CC B-PP
+on IN B-PP
+computers NNS B-NP
+made VBN B-VP
+by IN B-PP
+Multiflow NNP B-NP
+Computer NNP I-NP
+Inc. NNP I-NP
+of IN B-PP
+Branford NNP B-NP
+, , O
+Conn NNP B-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+sell VB I-VP
+versions NNS B-NP
+later RB B-NP
+next JJ I-NP
+year NN I-NP
+that WDT B-NP
+run VBP B-VP
+on IN B-PP
+Sun NNP B-NP
+Microsystems NNP I-NP
+Inc. NNP I-NP
+and CC O
+Digital NNP B-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+machines NNS I-NP
+. . O
+
+The DT B-NP
+Task NNP I-NP
+Broker NNP I-NP
+differs VBZ B-VP
+from IN B-PP
+other JJ B-NP
+programs NNS I-NP
+that WDT B-NP
+spread VBP B-VP
+computing VBG B-NP
+tasks NNS I-NP
+around IN B-PP
+a DT B-NP
+network NN I-NP
+. . O
+
+A DT B-NP
+previously RB I-NP
+available JJ I-NP
+program NN I-NP
+called VBN B-VP
+Network NNP B-NP
+Computing VBG I-NP
+System NNP I-NP
+, , O
+developed VBN B-VP
+by IN B-PP
+Hewlett-Packard NNP B-NP
+'s POS B-NP
+Apollo NNP I-NP
+division NN I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+takes VBZ B-VP
+a DT B-NP
+task NN I-NP
+and CC O
+splits NNS B-VP
+it PRP B-NP
+up IN B-PRT
+into IN B-PP
+parts NNS B-NP
+, , O
+divvying VBG B-VP
+up IN B-PRT
+those DT B-NP
+parts NNS I-NP
+to TO B-PP
+several JJ B-NP
+computers NNS I-NP
+in IN B-PP
+a DT B-NP
+network NN I-NP
+for IN B-PP
+simultaneous JJ B-NP
+processing NN I-NP
+. . O
+
+But CC O
+programs NNS B-NP
+in IN B-PP
+individual JJ B-NP
+computers NNS I-NP
+must MD B-VP
+be VB I-VP
+revised VBN I-VP
+in IN B-SBAR
+order NN O
+to TO B-VP
+work VB I-VP
+with IN B-PP
+that DT B-NP
+system NN I-NP
+. . O
+
+Applications NNS B-NP
+wo MD B-VP
+n't RB I-VP
+have VB I-VP
+to TO I-VP
+be VB I-VP
+rewritten VBN I-VP
+to TO B-VP
+work VB I-VP
+with IN B-PP
+Task NNP B-NP
+Broker NNP I-NP
+, , O
+Hewlett-Packard NNP B-NP
+said VBD B-VP
+, , O
+and CC O
+the DT B-NP
+user NN I-NP
+of IN B-PP
+a DT B-NP
+computer NN I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+tell VB I-VP
+that IN B-SBAR
+another DT B-NP
+machine NN I-NP
+is VBZ B-VP
+doing VBG I-VP
+the DT B-NP
+work NN I-NP
+. . O
+
+The DT B-NP
+Task NNP I-NP
+Broker NNP I-NP
+`` `` O
+turns VBZ B-VP
+that DT B-NP
+network NN I-NP
+into IN B-PP
+-- : O
+as RB B-ADJP
+far RB I-ADJP
+as IN B-SBAR
+the DT B-NP
+user NN I-NP
+is VBZ B-VP
+concerned VBN I-VP
+-- : O
+one CD B-NP
+giant NN I-NP
+computer NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Bill NNP B-NP
+Kay NNP I-NP
+, , O
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+Hewlett-Packard NNP B-NP
+'s POS B-NP
+workstation NN I-NP
+group NN I-NP
+. . O
+
+Price NN B-NP
+wars NNS I-NP
+between IN B-PP
+the DT B-NP
+fast-food NN I-NP
+giants NNS I-NP
+are VBP B-VP
+starting VBG I-VP
+to TO I-VP
+clobber VB I-VP
+the DT B-NP
+fast-food NN I-NP
+little JJ I-NP
+guys NNS I-NP
+: : O
+the DT B-NP
+franchisees NNS I-NP
+. . O
+
+`` `` O
+When WRB B-ADVP
+elephants NNS B-NP
+start VBP B-VP
+fighting VBG I-VP
+, , O
+ants NNS B-NP
+get VBP B-VP
+killed VBN I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Murray NNP B-NP
+Riese NNP I-NP
+, , O
+co-owner NN B-NP
+of IN B-PP
+National NNP B-NP
+Restaurants NNP I-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York NNP I-NP
+franchisee NN I-NP
+for IN B-PP
+Pizza NNP B-NP
+Hut NNP I-NP
+, , O
+Roy NNP B-NP
+Rogers NNP I-NP
+and CC O
+other JJ B-NP
+chains NNS I-NP
+. . O
+
+As IN B-SBAR
+hamburger NN B-NP
+and CC I-NP
+pizza NN I-NP
+outlets NNS I-NP
+saturate VB B-VP
+one CD B-NP
+area NN I-NP
+after IN B-PP
+another DT B-NP
+, , O
+franchisers NNS B-NP
+are VBP B-VP
+struggling VBG I-VP
+desperately RB B-ADVP
+for IN B-PP
+market NN B-NP
+share NN I-NP
+, , O
+slashing VBG B-VP
+prices NNS B-NP
+and CC O
+stepping VBG B-VP
+up IN B-PRT
+costly JJ B-NP
+promotions NNS I-NP
+. . O
+
+The DT B-NP
+fight NN I-NP
+is VBZ B-VP
+putting VBG I-VP
+a DT B-NP
+tight JJ I-NP
+squeeze NN I-NP
+on IN B-PP
+profits NNS B-NP
+of IN B-PP
+many JJ B-NP
+, , O
+threatening VBG B-VP
+to TO I-VP
+drive VB I-VP
+the DT B-NP
+smallest JJS I-NP
+ones NNS I-NP
+out IN B-PP
+of IN B-PP
+business NN B-NP
+and CC O
+straining VBG B-VP
+relations NNS B-NP
+between IN B-PP
+the DT B-NP
+national JJ I-NP
+fast-food NN I-NP
+chains NNS I-NP
+and CC O
+their PRP$ B-NP
+franchisees NNS I-NP
+. . O
+
+The DT B-NP
+chains NNS I-NP
+`` `` O
+used VBN B-VP
+to TO I-VP
+offer VB I-VP
+discounts NNS B-NP
+during IN B-PP
+winter NN B-NP
+when WRB B-ADVP
+business NN B-NP
+was VBD B-VP
+slow JJ B-ADJP
+, , O
+but CC O
+in IN B-PP
+the DT B-NP
+last JJ I-NP
+year NN I-NP
+or CC I-NP
+so RB I-NP
+, , O
+discounting NN B-NP
+has VBZ B-VP
+become VBN I-VP
+a DT B-NP
+12-month JJ I-NP
+thing NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Donald NNP B-NP
+Harty NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Charisma NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York NNP I-NP
+franchisee NN I-NP
+of IN B-PP
+Grand NNP B-NP
+Metropolitan NNP I-NP
+PLC NNP I-NP
+'s POS B-NP
+Burger NNP I-NP
+King NNP I-NP
+chain NN I-NP
+. . O
+
+Though IN O
+Charisma NNP B-NP
+'s POS B-NP
+sales NNS I-NP
+are VBP B-VP
+up IN B-ADVP
+slightly RB I-ADVP
+this DT B-NP
+year NN I-NP
+, , O
+Mr. NNP B-NP
+Harty NNP I-NP
+says VBZ B-VP
+profits NNS B-NP
+will MD B-VP
+be VB I-VP
+flat JJ B-ADJP
+or CC I-ADJP
+lower JJR I-ADJP
+. . O
+
+And CC O
+Bill NNP B-NP
+Konopnicki NNP I-NP
+, , O
+a DT B-NP
+Safford NNP I-NP
+, , I-NP
+Ariz. NNP I-NP
+, , I-NP
+licensee NN I-NP
+of IN B-PP
+McDonald NNP B-NP
+'s POS B-NP
+Corp. NNP I-NP
+who WP B-NP
+is VBZ B-VP
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+National NNP I-NP
+Operators NNP I-NP
+Advisory NNP I-NP
+Board NNP I-NP
+, , O
+says VBZ B-VP
+some DT B-NP
+fast-food NN I-NP
+outlets NNS I-NP
+`` `` O
+could MD B-VP
+be VB I-VP
+in IN B-PP
+serious JJ B-NP
+trouble NN I-NP
+, , O
+based VBN B-PP
+on IN B-PP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+discounting NN B-NP
+that WDT B-NP
+seems VBZ B-VP
+to TO I-VP
+be VB I-VP
+going VBG I-VP
+on IN B-PRT
+. . O
+'' '' O
+
+Until IN B-PP
+recently RB B-NP
+, , O
+the DT B-NP
+huge JJ I-NP
+fast-food NN I-NP
+industry NN I-NP
+, , O
+with IN B-PP
+sales NNS B-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+60.1 CD I-NP
+billion CD I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+kept VBD B-VP
+price-skirmishing JJ B-NP
+to TO B-PP
+a DT B-NP
+minimum NN I-NP
+. . O
+
+But CC O
+early JJ B-NP
+this DT I-NP
+year NN I-NP
+, , O
+PepsiCo NNP B-NP
+Inc. NNP I-NP
+'s POS B-NP
+Taco NNP I-NP
+Bell NNP I-NP
+unit NN I-NP
+and CC O
+Wendy NNP B-NP
+'s POS B-NP
+International NNP I-NP
+Inc. NNP I-NP
+slashed VBD B-VP
+prices NNS B-NP
+and CC O
+stepped VBD B-VP
+up IN B-PRT
+promotions NNS B-NP
+, , O
+says VBZ B-VP
+John NNP B-NP
+Rohs NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+for IN B-PP
+Wertheim NNP B-NP
+Schroder NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+That DT B-NP
+brought VBN B-VP
+a DT B-NP
+chain NN I-NP
+reaction NN I-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+. . O
+
+The DT B-NP
+situation NN I-NP
+was VBD B-VP
+further RB I-VP
+aggravated VBN I-VP
+early JJ B-NP
+this DT I-NP
+month NN I-NP
+, , O
+when WRB B-ADVP
+McDonald NNP B-NP
+'s POS B-NP
+set VBN B-VP
+plans NNS B-NP
+to TO B-VP
+heat VB I-VP
+up IN B-PRT
+the DT B-NP
+discounting NN I-NP
+by IN B-PP
+offering NN B-VP
+coupons NNS B-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+decided VBD B-VP
+to TO I-VP
+go VB I-VP
+national JJ B-ADJP
+with IN B-PP
+pizza NN B-NP
+, , O
+which WDT B-NP
+it PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+test-marketing VBG I-VP
+. . O
+
+Now RB B-INTJ
+, , O
+two-for-one JJ B-NP
+deals NNS I-NP
+on IN B-PP
+pizza NN B-NP
+are VBP B-VP
+common JJ B-ADJP
+; : O
+so RB O
+are VBP B-VP
+99-cent JJ B-NP
+specials NNS I-NP
+on IN B-PP
+sandwiches NNS B-NP
+normally RB B-VP
+priced VBN I-VP
+twice RB B-ADVP
+as IN I-ADVP
+high NN I-ADVP
+. . O
+
+The DT B-NP
+discounting NN I-NP
+, , O
+say VBP B-VP
+fast-food NN B-NP
+operators NNS I-NP
+, , O
+occurs VBZ B-VP
+on IN B-PP
+a DT B-NP
+scale NN I-NP
+and CC B-PP
+with IN B-PP
+a DT B-NP
+frequency NN I-NP
+they PRP B-NP
+have VBP B-VP
+n't RB I-VP
+seen VBN I-VP
+before RB B-ADVP
+. . O
+
+The DT B-NP
+result NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+some DT B-NP
+franchisees NNS I-NP
+are VBP B-VP
+running VBG I-VP
+hard JJ B-ADVP
+just RB B-ADVP
+to TO B-VP
+stay VB I-VP
+even RB B-ADVP
+, , O
+laying VBG B-VP
+off IN B-PRT
+middle NN B-NP
+managers NNS I-NP
+and CC O
+working VBG B-VP
+harder JJR B-ADVP
+to TO B-VP
+make VB I-VP
+less JJR B-NP
+. . O
+
+Joe NNP B-NP
+Mack NNP I-NP
+, , O
+a DT B-NP
+district NN I-NP
+manager NN I-NP
+for IN B-PP
+Cormack NNP B-NP
+Enterprises NNPS I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Burger NNP I-NP
+King NNP I-NP
+operator NN I-NP
+in IN B-PP
+Omaha NNP B-NP
+, , O
+Neb. NNP B-NP
+, , O
+says VBZ B-VP
+discounting NN B-NP
+is VBZ B-VP
+so RB B-ADJP
+prevalent JJ I-ADJP
+that IN B-SBAR
+`` `` O
+we PRP B-NP
+have VBP B-VP
+to TO I-VP
+serve VB I-VP
+15 CD B-NP
+% NN I-NP
+to TO I-NP
+20 CD I-NP
+% NN I-NP
+more JJR B-NP
+customers NNS I-NP
+'' '' O
+to TO B-VP
+keep VB I-VP
+sales NNS B-NP
+level VB B-ADJP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+almost RB B-ADVP
+as IN B-SBAR
+if IN I-SBAR
+you PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+extra JJ B-NP
+work NN I-NP
+to TO B-VP
+give VB I-VP
+away RB B-PRT
+the DT B-NP
+food NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Alan NNP B-NP
+D'Agosto NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Panda NNP B-NP
+'s POS B-NP
+Inc. NNP I-NP
+, , O
+an DT B-NP
+operator NN I-NP
+of IN B-PP
+Arby NNP B-NP
+'s POS B-NP
+restaurants NNS I-NP
+in IN B-PP
+Omaha NNP B-NP
+, , O
+says VBZ B-VP
+: : O
+`` `` O
+All DT B-NP
+we PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+is VBZ B-VP
+keeping VBG B-VP
+the DT B-NP
+customers NNS I-NP
+coming VBG B-VP
+, , O
+but CC O
+we PRP B-NP
+are VBP B-VP
+n't RB I-VP
+increasing VBG I-VP
+sales NNS B-NP
+. . O
+'' '' O
+
+With IN B-SBAR
+fast-food NN B-NP
+outlets NNS I-NP
+on IN B-PP
+every DT B-NP
+corner NN I-NP
+, , O
+he PRP B-NP
+, , O
+like IN B-PP
+many JJ B-NP
+, , O
+does VBZ B-VP
+n't RB I-VP
+think VB I-VP
+he PRP B-NP
+has VBZ B-VP
+a DT B-NP
+choice NN I-NP
+in IN B-PP
+the DT B-NP
+price NN I-NP
+war NN I-NP
+: : O
+`` `` O
+Our PRP$ B-NP
+customers NNS I-NP
+say VBP B-VP
+that IN B-SBAR
+they PRP B-NP
+wo MD B-VP
+n't RB I-VP
+go VB I-VP
+into IN B-PP
+a DT B-NP
+fast-food NN I-NP
+store NN I-NP
+unless IN B-SBAR
+they PRP B-NP
+get VBP B-VP
+a DT B-NP
+coupon NN I-NP
+. . O
+'' '' O
+
+If IN B-SBAR
+the DT B-NP
+battle NN I-NP
+continues VBZ B-VP
+much JJ B-ADVP
+longer RB I-ADVP
+, , O
+many JJ B-NP
+fast-food NN I-NP
+businesses NNS I-NP
+will MD B-VP
+close VB I-VP
+or CC I-VP
+merge VB I-VP
+, , O
+predicts VBZ B-VP
+Vincent NNP B-NP
+Morrissey NNP I-NP
+, , O
+who WP B-NP
+owns VBZ B-VP
+a DT B-NP
+string NN I-NP
+of IN B-PP
+Kentucky NNP B-NP
+Fried NNP I-NP
+Chicken NNP I-NP
+stores NNS I-NP
+in IN B-PP
+the DT B-NP
+Midwest NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+industry NN I-NP
+is VBZ B-VP
+overbuilt JJ B-ADJP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+Fast-food NN B-NP
+franchisers NNS I-NP
+have VBP B-VP
+managed VBN I-VP
+to TO I-VP
+squeeze VB I-VP
+in IN B-ADVP
+stores NNS B-NP
+into IN B-PP
+every DT B-NP
+corner NN I-NP
+available JJ B-ADJP
+. . O
+'' '' O
+
+The DT B-NP
+National NNP I-NP
+Restaurant NNP I-NP
+Association NNP I-NP
+says VBZ B-VP
+quick-service JJ B-NP
+restaurant NN I-NP
+units NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+rose VBD B-VP
+14 CD B-NP
+% NN I-NP
+to TO B-PP
+131,146 CD B-NP
+between IN B-PP
+1983 CD B-NP
+and CC O
+1987 CD B-NP
+, , O
+the DT B-NP
+last JJ I-NP
+year NN I-NP
+for IN B-PP
+which WDT B-NP
+figures NNS B-NP
+are VBP B-VP
+available JJ B-ADJP
+. . O
+
+With IN B-SBAR
+the DT B-NP
+market NN I-NP
+so RB B-ADJP
+crowded VBD I-ADJP
+, , O
+says VBZ B-VP
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+Wendy NNP B-NP
+'s POS I-NP
+in IN B-PP
+Columbus NNP B-NP
+, , O
+Ohio NNP B-NP
+, , O
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+well RB B-ADVP
+, , O
+you PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+well RB B-ADVP
+at IN B-PP
+someone NN B-NP
+else RB B-ADJP
+'s POS B-NP
+expense NN I-NP
+. . O
+'' '' O
+
+Simply RB B-VP
+put VB I-VP
+, , O
+there EX B-NP
+is VBZ B-VP
+n't RB O
+enough JJ B-NP
+business NN I-NP
+for IN B-SBAR
+every DT B-NP
+store NN I-NP
+to TO B-VP
+grow VB I-VP
+. . O
+
+According VBG B-PP
+to TO B-PP
+Mr. NNP B-NP
+Rohs NNP I-NP
+, , O
+inflation-adjusted JJ B-NP
+, , I-NP
+same-store JJ I-NP
+sales NNS I-NP
+at IN B-PP
+company-owned JJ B-NP
+Wendy NNP I-NP
+'s POS B-NP
+units NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+have VBP B-VP
+trailed VBN I-VP
+year-earlier JJ B-NP
+levels NNS I-NP
+throughout IN B-PP
+1989 CD B-NP
+, , O
+except IN B-PP
+for IN B-PP
+August NNP B-NP
+. . O
+
+`` `` O
+McDonald NNP B-NP
+'s POS B-NP
+has VBZ B-VP
+also RB I-VP
+been VBN I-VP
+running VBG I-VP
+negative JJ B-ADJP
+all DT B-NP
+year NN I-NP
+, , O
+'' '' O
+the DT B-NP
+analyst NN I-NP
+says NNS B-VP
+. . O
+
+Spokesmen NNS B-NP
+for IN B-PP
+Wendy NNP B-NP
+'s POS B-NP
+and CC O
+McDonald NNP B-NP
+'s POS B-NP
+criticized VBN B-VP
+Mr. NNP B-NP
+Rohs NNP I-NP
+'s POS B-NP
+calculations NNS I-NP
+. . O
+
+Jack NNP B-NP
+Greenberg NNP I-NP
+, , O
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+and CC O
+chief JJ B-NP
+financial JJ I-NP
+officer NN I-NP
+of IN B-PP
+McDonald NNP B-NP
+'s POS B-NP
+, , O
+says VBZ B-VP
+the DT B-NP
+company NN I-NP
+does VBZ B-VP
+n't RB I-VP
+compute VB I-VP
+, , I-VP
+much RB I-VP
+less JJR I-VP
+disclose VB I-VP
+, , O
+inflation-adjusted JJ B-NP
+, , I-NP
+same-store JJ I-NP
+sales NNS I-NP
+. . O
+
+He PRP B-NP
+adds VBZ B-VP
+that IN B-SBAR
+short-term JJ B-NP
+comparisons NNS I-NP
+`` `` O
+can MD B-VP
+be VB I-VP
+very RB B-ADJP
+misleading JJ I-ADJP
+because IN B-PP
+of IN I-PP
+differences NNS B-NP
+in IN B-PP
+timing NN B-NP
+of IN B-PP
+marketing NN B-NP
+programs NNS I-NP
+from IN B-PP
+year NN B-NP
+to TO B-PP
+year NN B-NP
+. . O
+'' '' O
+
+Profit NN B-NP
+margins NNS I-NP
+at IN B-PP
+company-owned JJ B-NP
+McDonald NNP I-NP
+'s POS B-NP
+outlets NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+`` `` O
+are VBP B-VP
+holding VBG I-VP
+up IN B-PRT
+quite RB B-ADVP
+nicely RB I-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Greenberg NNP I-NP
+. . O
+
+Profits NNS B-NP
+of IN B-PP
+franchisees NNS B-NP
+have VBP B-VP
+n't RB I-VP
+been VBN I-VP
+higher JJR B-ADJP
+since IN B-PP
+the DT B-NP
+mid-1970s NNS I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Greenberg NNP I-NP
+'s POS B-NP
+sanguine JJ I-NP
+outlook NN I-NP
+is VBZ B-VP
+n't RB I-VP
+matched VBN I-VP
+by IN B-PP
+many JJ B-NP
+fast-food NN I-NP
+industry NN I-NP
+observers NNS I-NP
+. . O
+
+Smaller JJR B-NP
+chains NNS I-NP
+and CC O
+single-store JJ B-NP
+operators NNS I-NP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+first JJ I-NP
+to TO B-VP
+fail VB I-VP
+, , O
+many JJ B-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+predict VBP B-VP
+. . O
+
+Big JJ B-NP
+franchise NN I-NP
+groups NNS I-NP
+`` `` O
+can MD B-VP
+ride VB I-VP
+out RP B-ADVP
+the IN B-NP
+storm NN I-NP
+a DT B-NP
+lot NN I-NP
+longer RB B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Harty NNP I-NP
+, , O
+the DT B-NP
+Burger NNP I-NP
+King NNP I-NP
+operator NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+The DT B-NP
+prolonged VBN I-NP
+price NN I-NP
+pressures NNS I-NP
+are VBP B-VP
+driving VBG I-VP
+a DT B-NP
+wedge NN I-NP
+between IN B-PP
+some DT B-NP
+franchisers NNS I-NP
+and CC O
+their PRP$ B-NP
+franchisees NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Morrissey NNP I-NP
+, , O
+the DT B-NP
+Kentucky NNP I-NP
+Fried NNP I-NP
+Chicken NNP I-NP
+franchisee NN I-NP
+, , O
+notes VBZ B-VP
+that IN B-SBAR
+most RBS B-NP
+franchise NN I-NP
+owners NNS I-NP
+must MD B-VP
+absorb VB I-VP
+increases NNS B-NP
+in IN B-PP
+expenses NNS B-NP
+without IN B-PP
+any DT B-NP
+cut NN I-NP
+in IN B-PP
+the DT B-NP
+royalties NNS I-NP
+, , O
+or CC O
+portion NN B-NP
+of IN B-PP
+sales NNS B-NP
+, , O
+that IN B-NP
+they PRP B-NP
+must MD B-VP
+pay VB I-VP
+franchisers NNS B-NP
+. . O
+
+Franchisees NNS B-NP
+ca MD B-VP
+n't RB I-VP
+be VB I-VP
+forced VBN I-VP
+to TO I-VP
+go VB I-VP
+along IN B-PRT
+with IN B-PP
+a DT B-NP
+franchiser NN I-NP
+'s POS B-NP
+discounting NN I-NP
+. . O
+
+But CC O
+once RB O
+a DT B-NP
+franchisee NN I-NP
+agrees VBZ B-VP
+to TO B-PP
+a DT B-NP
+promotional JJ I-NP
+program NN I-NP
+, , O
+the DT B-NP
+franchiser NN I-NP
+can MD B-VP
+demand VB I-VP
+full JJ B-NP
+participation NN I-NP
+to TO B-PP
+the DT B-NP
+very JJ I-NP
+end NN I-NP
+, , O
+says VBZ B-VP
+Lew NNP B-NP
+Rudnick NNP I-NP
+, , O
+a DT B-NP
+principal NN I-NP
+of IN B-PP
+Rudnick NNP B-NP
+& CC I-NP
+Wolfe NNP I-NP
+, , O
+a DT B-NP
+Chicago NNP I-NP
+law NN I-NP
+firm NN I-NP
+with IN B-PP
+franchise NN B-NP
+industry NN I-NP
+clients NNS I-NP
+. . O
+
+He PRP B-NP
+says VBZ B-VP
+courts NNS B-NP
+have VBP B-VP
+held VBN I-VP
+that IN B-SBAR
+antitrust JJ B-NP
+considerations NNS I-NP
+are VBP B-VP
+outweighed VBN I-VP
+in IN B-PP
+such JJ B-NP
+cases NNS I-NP
+by IN B-PP
+the DT B-NP
+need NN I-NP
+to TO B-VP
+protect VB I-VP
+consumers NNS B-NP
+from IN B-PP
+deceptive JJ B-NP
+marketing NN I-NP
+. . O
+
+In IN B-PP
+any DT B-NP
+case NN I-NP
+, , O
+many JJ B-NP
+franchisees NNS I-NP
+, , O
+in IN B-SBAR
+order NN O
+to TO B-VP
+stay VB I-VP
+on IN B-PP
+good JJ B-NP
+terms NNS I-NP
+with IN B-PP
+franchisers NNS B-NP
+, , O
+routinely RB B-ADVP
+go VB B-VP
+along IN B-PRT
+with IN B-PP
+promotions NNS B-NP
+. . O
+
+Says VBZ B-VP
+Mr. NNP B-NP
+Riese NNP I-NP
+of IN B-PP
+National NNP B-NP
+Restaurants NNP I-NP
+: : O
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+resisted VBD B-VP
+on IN B-PP
+prices NNS B-NP
+, , O
+maybe RB B-ADVP
+you PRP B-NP
+would MD B-VP
+never RB I-VP
+get VB I-VP
+that WDT B-NP
+telephone NN I-NP
+call NN I-NP
+about IN B-PP
+a DT B-NP
+new JJ I-NP
+franchise NN I-NP
+. . O
+
+Companies NNS B-NP
+listed VBN B-VP
+below IN B-PP
+reported VBN B-VP
+quarterly JJ B-NP
+profit NN I-NP
+substantially RB B-ADJP
+different JJ I-ADJP
+from IN B-PP
+the DT B-NP
+average NN I-NP
+of IN B-PP
+analysts NNS B-NP
+' POS B-NP
+estimates NNS I-NP
+. . O
+
+The DT B-NP
+companies NNS I-NP
+are VBP B-VP
+followed VBN I-VP
+by IN B-PP
+at IN B-NP
+least JJS I-NP
+three CD I-NP
+analysts NNS I-NP
+, , O
+and CC O
+had VBD B-VP
+a DT B-NP
+minimum JJ I-NP
+five-cent JJ I-NP
+change NN I-NP
+in IN B-PP
+actual JJ B-NP
+earnings NNS I-NP
+per IN B-PP
+share NN B-NP
+. . O
+
+Estimated VBN B-NP
+and CC I-NP
+actual JJ I-NP
+results NNS I-NP
+involving VBG B-VP
+losses NNS B-NP
+are VBP B-VP
+omitted VBN I-VP
+. . O
+
+The DT B-NP
+percent NN I-NP
+difference NN I-NP
+compares VBZ B-VP
+actual JJ B-NP
+profit NN I-NP
+with IN B-PP
+the DT B-NP
+30-day JJ I-NP
+estimate NN I-NP
+where WRB B-ADVP
+at IN B-NP
+least JJS I-NP
+three CD I-NP
+analysts NNS I-NP
+have VBP B-VP
+issues NNS I-VP
+forecasts NNS B-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+days NNS I-NP
+. . O
+
+Otherwise RB B-ADVP
+, , O
+actual JJ B-NP
+profit NN I-NP
+is VBZ B-VP
+compared VBN I-VP
+with IN B-PP
+the DT B-NP
+300-day JJ I-NP
+estimate NN I-NP
+. . O
+
+Companies NNS B-NP
+listed VBN B-VP
+below IN B-PP
+reported VBN B-VP
+quarterly JJ B-NP
+profit NN I-NP
+substantially RB B-ADJP
+different JJ I-ADJP
+from IN B-PP
+the DT B-NP
+average NN I-NP
+of IN B-PP
+analysts NNS B-NP
+' POS B-NP
+estimates NNS I-NP
+. . O
+
+The DT B-NP
+companies NNS I-NP
+are VBP B-VP
+followed VBN I-VP
+by IN B-PP
+at IN B-NP
+least JJS I-NP
+three CD I-NP
+analysts NNS I-NP
+, , O
+and CC O
+had VBD B-VP
+a DT B-NP
+minimum JJ I-NP
+five-cent JJ I-NP
+change NN I-NP
+in IN B-PP
+actual JJ B-NP
+earnings NNS I-NP
+per IN B-PP
+share NN B-NP
+. . O
+
+Estimated VBN B-NP
+and CC I-NP
+actual JJ I-NP
+results NNS I-NP
+involving VBG B-VP
+losses NNS B-NP
+are VBP B-VP
+omitted VBN I-VP
+. . O
+
+The DT B-NP
+percent NN I-NP
+difference NN I-NP
+compares VBZ B-VP
+actual JJ B-NP
+profit NN I-NP
+with IN B-PP
+the DT B-NP
+30-day JJ I-NP
+estimate NN I-NP
+where WRB B-ADVP
+at IN B-NP
+least JJS I-NP
+three CD I-NP
+analysts NNS I-NP
+have VBP B-VP
+issues NNS I-VP
+forecasts NNS B-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+days NNS I-NP
+. . O
+
+Otherwise RB B-ADVP
+, , O
+actual JJ B-NP
+profit NN I-NP
+is VBZ B-VP
+compared VBN I-VP
+with IN B-PP
+the DT B-NP
+300-day JJ I-NP
+estimate NN I-NP
+. . O
+
+CalMat NNP B-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+completed VBD B-VP
+a DT B-NP
+$ $ I-NP
+32.8 CD I-NP
+million CD I-NP
+sale NN I-NP
+of IN B-PP
+assets NNS B-NP
+from IN B-PP
+its PRP$ B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+area NN I-NP
+real JJ I-NP
+estate NN I-NP
+portfolio NN I-NP
+for IN B-PP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+12 CD I-NP
+million CD I-NP
+. . O
+
+CalMat NNP B-NP
+said VBD B-VP
+the DT B-NP
+sale NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+previously RB I-NP
+announced VBD I-NP
+plan NN I-NP
+to TO B-VP
+sell VB I-VP
+much NN B-NP
+of IN B-PP
+its PRP$ B-NP
+real JJ I-NP
+estate NN I-NP
+holdings NNS I-NP
+to TO B-VP
+focus VB I-VP
+on IN B-PP
+its PRP$ B-NP
+core NN I-NP
+business NN I-NP
+of IN B-PP
+mining NN B-VP
+and CC I-VP
+producing VBG I-VP
+asphalt NN B-NP
+, , I-NP
+concrete JJ I-NP
+, , I-NP
+rock NN I-NP
+and CC I-NP
+sand NN I-NP
+. . O
+
+And CC O
+you PRP B-NP
+thought VBD B-VP
+the DT B-NP
+only JJ I-NP
+reason NN I-NP
+to TO B-VP
+save VB I-VP
+your PRP$ B-NP
+canceled VBN I-NP
+checks NNS I-NP
+was VBD B-VP
+to TO B-VP
+prepare VB I-VP
+for IN B-PP
+an DT B-NP
+IRS NNP I-NP
+audit NN I-NP
+. . O
+
+Reggie NNP B-NP
+Jackson NNP I-NP
+, , O
+the DT B-NP
+retired VBN I-NP
+baseball NN I-NP
+star NN I-NP
+, , O
+has VBZ B-VP
+found VBN I-VP
+another DT B-NP
+use NN I-NP
+for IN B-PP
+them PRP B-NP
+. . O
+
+Mr. NNP B-NP
+Jackson NNP I-NP
+, , O
+who WP B-NP
+won VBD B-VP
+the DT B-NP
+nickname NN I-NP
+`` `` O
+Mr. NNP B-NP
+October NNP I-NP
+'' '' O
+for IN B-PP
+his PRP$ B-NP
+World NNP I-NP
+Series NNP I-NP
+exploits NNS I-NP
+, , O
+is VBZ B-VP
+selling VBG I-VP
+some DT B-NP
+of IN B-PP
+his PRP$ B-NP
+canceled VBN I-NP
+checks NNS I-NP
+to TO B-PP
+autograph VB B-NP
+collectors NNS I-NP
+through IN B-PP
+a DT B-NP
+dealer NN I-NP
+for IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+500 CD I-NP
+each DT I-NP
+. . O
+
+Dealers NNS B-NP
+say VBP B-VP
+the DT B-NP
+budding VBG I-NP
+trade NN I-NP
+in IN B-PP
+Mr. NNP B-NP
+Jackson NNP I-NP
+'s POS B-NP
+canceled VBN I-NP
+checks NNS I-NP
+is VBZ B-VP
+unusual JJ B-ADJP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+of IN B-PP
+any DT B-NP
+living VBG I-NP
+ballplayer NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+ever RB I-VP
+done VBN I-VP
+it PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jack NNP B-NP
+Smalling NNP I-NP
+, , O
+a DT B-NP
+dealer NN I-NP
+in IN B-PP
+Ames NNP B-NP
+, , O
+Iowa NNP B-NP
+, , O
+and CC O
+a DT B-NP
+recognized VBN I-NP
+expert NN I-NP
+in IN B-PP
+the DT B-NP
+field NN I-NP
+of IN B-PP
+baseball NN B-NP
+autographs NNS I-NP
+. . O
+
+An DT B-NP
+initial JJ I-NP
+batch NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Jackson NNP I-NP
+'s POS B-NP
+checks NNS I-NP
+was VBD B-VP
+on IN B-PP
+sale NN B-NP
+at IN B-PP
+a DT B-NP
+baseball-card JJ I-NP
+show NN I-NP
+held VBN B-VP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+over IN B-PP
+Labor NNP B-NP
+Day NNP I-NP
+weekend NN I-NP
+. . O
+
+Mr. NNP B-NP
+Jackson NNP I-NP
+showed VBD B-VP
+up IN B-PRT
+at IN B-PP
+the DT B-NP
+affair NN I-NP
+to TO B-VP
+sign VB I-VP
+autographs NNS B-NP
+for IN B-PP
+a DT B-NP
+fee NN I-NP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+`` `` O
+For IN B-PP
+someone NN B-NP
+who WP B-NP
+has VBZ B-VP
+everything NN B-NP
+else RB B-ADJP
+-- : O
+Reggie NNP B-NP
+'s POS B-NP
+jersey NN I-NP
+, , I-NP
+cap NN I-NP
+and CC I-NP
+cards NNS I-NP
+-- : O
+his PRP$ B-NP
+checks NNS I-NP
+might MD B-VP
+be VB I-VP
+a DT B-NP
+nice JJ I-NP
+addition NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+William NNP B-NP
+Vizas NNP I-NP
+, , O
+owner NN B-NP
+of IN B-PP
+Bill NNP B-NP
+'s POS B-NP
+Sports NNPS I-NP
+Collectibles NNS I-NP
+in IN B-PP
+Denver NNP B-NP
+, , O
+who WP B-NP
+examined VBD B-VP
+the DT B-NP
+checks NNS I-NP
+at IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+card NN I-NP
+show NN I-NP
+. . O
+
+For IN B-PP
+years NNS B-NP
+, , O
+the DT B-NP
+canceled VBN I-NP
+checks NNS I-NP
+of IN B-PP
+a DT B-NP
+small JJ I-NP
+number NN I-NP
+of IN B-PP
+well-known JJ B-NP
+baseball NN I-NP
+players NNS I-NP
+have VBP B-VP
+been VBN I-VP
+bought VBN I-VP
+and CC I-VP
+sold VBN I-VP
+. . O
+
+But CC O
+these DT B-NP
+players NNS I-NP
+were VBD B-VP
+dead JJ B-ADJP
+. . O
+
+`` `` O
+Maybe RB B-ADVP
+three CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+there EX B-NP
+were VBD B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+-LCB- ( O
+Ty NNP O
+-RCB- ) O
+Cobbs NNS B-NP
+in IN B-PP
+the DT B-NP
+hobby NN I-NP
+, , O
+and CC O
+awhile RB B-ADVP
+back RB I-ADVP
+there EX B-NP
+were VBD B-VP
+Babe NNP B-NP
+Ruth NNP I-NP
+checks NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Smalling NNP I-NP
+. . O
+
+However RB B-ADVP
+, , O
+the DT B-NP
+thought NN I-NP
+of IN B-PP
+a DT B-NP
+living VBG I-NP
+player NN I-NP
+selling VBG B-VP
+his PRP$ B-NP
+checks NNS I-NP
+rubs VBZ B-VP
+some DT B-NP
+people NNS I-NP
+the DT B-NP
+wrong JJ I-NP
+way NN I-NP
+. . O
+
+`` `` O
+Maybe RB B-ADVP
+I PRP B-NP
+'m VBP B-VP
+a DT B-NP
+little JJ I-NP
+stuffy JJ B-ADJP
+, , O
+but CC O
+I PRP B-NP
+would MD B-VP
+n't RB I-VP
+sell VB I-VP
+them PRP B-NP
+, , O
+'' '' O
+sniffs VBZ B-VP
+Bob NNP B-NP
+Machon NNP I-NP
+, , O
+owner NN B-NP
+of IN B-PP
+Papa NNP B-NP
+'s POS B-NP
+Sports NNP I-NP
+Cards NNP I-NP
+in IN B-PP
+Menlo NNP B-NP
+Park NNP I-NP
+, , O
+Calif NNP B-NP
+. . O
+
+`` `` O
+Who WP B-NP
+knows VBZ B-VP
+how WRB B-NP
+much JJ I-NP
+they PRP B-NP
+'ll MD B-VP
+be VB I-VP
+worth JJ B-ADJP
+100 CD B-NP
+years NNS I-NP
+from IN B-PP
+now RB B-NP
+? . O
+'' '' O
+
+And CC O
+Mr. NNP B-NP
+Smalling NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+believe VB I-VP
+they PRP B-NP
+'re VBP B-VP
+worth JJ B-ADJP
+all DT B-NP
+that NN I-NP
+much JJ I-NP
+now RB B-ADVP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+the DT B-NP
+checks NNS I-NP
+are VBP B-VP
+worth JJ B-ADJP
+$ $ B-NP
+15 CD I-NP
+apiece RB B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Why WRB B-ADVP
+Mr. NNP B-NP
+Jackson NNP I-NP
+, , O
+who WP B-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+comment NN B-NP
+, , O
+has VBZ B-VP
+made VBN I-VP
+some DT B-NP
+of IN B-PP
+his PRP$ B-NP
+checks NNS I-NP
+available JJ B-ADJP
+for IN B-PP
+sale NN B-NP
+is VBZ B-VP
+n't RB O
+clear JJ B-ADJP
+. . O
+
+He PRP B-NP
+probably RB B-ADVP
+has VBZ B-VP
+n't RB I-VP
+done VBN I-VP
+it PRP B-NP
+for IN B-PP
+the DT B-NP
+cash NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+would MD B-VP
+say VB I-VP
+he PRP B-NP
+'s VBZ B-VP
+definitely RB B-ADVP
+not RB O
+in IN B-PP
+need NN B-NP
+of IN B-PP
+money NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Matt NNP B-NP
+Merola NNP I-NP
+, , O
+an DT B-NP
+agent NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Jackson NNP I-NP
+'s POS I-NP
+based VBN B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+`` `` O
+He PRP B-NP
+has VBZ B-VP
+good JJ B-NP
+investments NNS I-NP
+. . O
+'' '' O
+
+And CC O
+Mr. NNP B-NP
+Jackson NNP I-NP
+probably RB B-ADVP
+has VBZ B-VP
+opened VBN I-VP
+new JJ B-NP
+checking NN I-NP
+accounts NNS I-NP
+, , O
+too RB B-ADVP
+. . O
+
+Or CC O
+at IN B-ADVP
+least JJS I-ADVP
+he PRP B-NP
+should MD B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+assume VBP B-VP
+those DT B-NP
+accounts NNS I-NP
+are VBP B-VP
+closed VBN B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Smalling NNP I-NP
+, , O
+referring VBG B-VP
+to TO B-PP
+the DT B-NP
+accounts NNS I-NP
+of IN B-PP
+the DT B-NP
+canceled VBN I-NP
+checks NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+he PRP B-NP
+'d MD B-VP
+want VB I-VP
+to TO I-VP
+give VB I-VP
+out IN B-PRT
+his PRP$ B-NP
+current JJ I-NP
+account NN I-NP
+numbers NNS I-NP
+. . O
+
+USX NNP B-NP
+Corp. NNP I-NP
+and CC O
+its PRP$ B-NP
+Japanese JJ I-NP
+partner NN I-NP
+, , O
+Kobe NNP B-NP
+Steel NNP I-NP
+Ltd. NNP I-NP
+, , O
+agreed VBD B-VP
+to TO I-VP
+form VB I-VP
+a DT B-NP
+joint JJ I-NP
+venture NN I-NP
+to TO B-VP
+build VB I-VP
+a DT B-NP
+new JJ I-NP
+plant NN I-NP
+to TO B-VP
+produce VB I-VP
+hot-dipped JJ B-NP
+galvanized JJ I-NP
+sheet NN I-NP
+products NNS I-NP
+, , O
+mainly RB B-ADVP
+for IN B-PP
+the DT B-NP
+automotive JJ I-NP
+market NN I-NP
+. . O
+
+Terms NNS B-NP
+were VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+for IN B-PP
+the DT B-NP
+plant NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+have VB I-VP
+annual JJ B-NP
+capacity NN I-NP
+of IN B-PP
+600,000 CD B-NP
+tons NNS I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+by IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+largest JJS I-NP
+steelmaker NN I-NP
+follows VBZ B-VP
+a DT B-NP
+string NN I-NP
+of IN B-PP
+earlier JJR B-NP
+announcements NNS I-NP
+by IN B-PP
+other JJ B-NP
+major JJ I-NP
+steel NN I-NP
+companies NNS I-NP
+. . O
+
+Bethlehem NNP B-NP
+Steel NNP I-NP
+Corp. NNP I-NP
+, , O
+LTV NNP B-NP
+Corp. NNP I-NP
+and CC O
+Armco NNP B-NP
+Inc. NNP I-NP
+all DT O
+have NN B-VP
+plans NNS B-NP
+to TO B-VP
+build VB I-VP
+additional JJ B-NP
+lines NNS I-NP
+for IN B-PP
+such JJ B-NP
+coated VBN I-NP
+corrosion-resistant JJ I-NP
+steel NN I-NP
+. . O
+
+The DT B-NP
+surge NN I-NP
+in IN B-PP
+production NN B-NP
+, , O
+analysts NNS B-NP
+say VBP B-VP
+, , O
+raises VBZ B-VP
+questions NNS B-NP
+about IN B-PP
+capacity NN B-NP
+outpacing VBG B-VP
+demand NN B-NP
+. . O
+
+They PRP B-NP
+note VBP B-VP
+that IN B-SBAR
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+plants NNS I-NP
+will MD B-VP
+come VB I-VP
+on IN B-PP
+line NN B-NP
+in IN B-PP
+1992 CD B-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+current JJ I-NP
+import NN I-NP
+trade NN I-NP
+restraint NN I-NP
+program NN I-NP
+ends NNS B-VP
+, , O
+which WDT B-NP
+could MD B-VP
+result VB I-VP
+in IN B-PP
+more JJR B-NP
+imports NNS I-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+too RB B-NP
+much JJ I-NP
+capacity NN I-NP
+, , O
+'' '' O
+contended VBD B-VP
+Charles NNP B-NP
+Bradford NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+there EX B-NP
+'s VBZ B-VP
+anyone NN B-NP
+not RB B-VP
+building VBG I-VP
+one CD B-NP
+. . O
+'' '' O
+
+He PRP B-NP
+does VBZ B-VP
+add VB I-VP
+, , O
+however RB B-ADVP
+, , O
+that IN B-SBAR
+transplanted VBN B-NP
+Japanese JJ I-NP
+car NN I-NP
+makers NNS I-NP
+are VBP B-VP
+boosting VBG I-VP
+the DT B-NP
+levels NNS I-NP
+of IN B-PP
+U.S.-made JJ B-NP
+steel NN I-NP
+in IN B-PP
+their PRP$ B-NP
+autos NNS I-NP
+, , O
+instead RB B-PP
+of IN I-PP
+relying VBG B-VP
+heavily RB B-ADVP
+on IN B-PP
+imported VBN B-NP
+steel NN I-NP
+. . O
+
+That DT B-NP
+trend NN I-NP
+could MD B-VP
+increase VB I-VP
+demand NN B-NP
+for IN B-PP
+hot-dipped JJ B-NP
+galvanized JJ I-NP
+sheet NN I-NP
+. . O
+
+The DT B-NP
+hot-dipped JJ I-NP
+galvanized JJ I-NP
+segment NN I-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+fastest-growing JJ I-NP
+and CC I-NP
+most RBS I-NP
+profitable JJ I-NP
+segments NNS I-NP
+of IN B-PP
+the DT B-NP
+steel NN I-NP
+market NN I-NP
+, , O
+coveted VBN B-VP
+by IN B-PP
+all DT B-NP
+major JJ I-NP
+integrated VBN I-NP
+steelmakers NNS I-NP
+wanting VBG B-VP
+to TO I-VP
+maintain VB I-VP
+an DT B-NP
+edge NN I-NP
+over IN B-PP
+smaller JJR B-NP
+minimills NNS I-NP
+and CC O
+reconstructed JJ B-NP
+mills NNS I-NP
+-- : O
+those DT B-NP
+spun VBN B-VP
+off IN B-PRT
+to TO B-PP
+employees NNS B-NP
+. . O
+
+Indeed RB B-ADVP
+, , O
+USX NNP B-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+the DT B-NP
+market NN I-NP
+for IN B-PP
+coated VBN B-NP
+sheet NN I-NP
+steel NN I-NP
+to TO B-VP
+reach VB I-VP
+12 CD B-NP
+million CD I-NP
+tons NNS I-NP
+annually RB B-ADVP
+by IN B-PP
+1992 CD B-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+10.2 CD B-NP
+million CD I-NP
+tons NNS I-NP
+shipped VBN B-VP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+eight CD I-NP
+months NNS I-NP
+of IN B-PP
+1989 CD B-NP
+, , O
+analysts NNS B-NP
+say VBP B-VP
+shipments NNS B-NP
+of IN B-PP
+hot-dipped JJ B-NP
+galvanized JJ I-NP
+steel NN I-NP
+increased VBN B-VP
+about IN B-NP
+8 CD I-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+while IN B-SBAR
+overall JJ B-NP
+steel NN I-NP
+shipments NNS I-NP
+were VBD B-VP
+up IN B-ADVP
+only RB B-NP
+2.4 CD I-NP
+% NN I-NP
+. . O
+
+USX NNP B-NP
+and CC O
+Kobe NNP B-NP
+Steel NNP I-NP
+hope NN B-VP
+to TO I-VP
+reach VB I-VP
+a DT B-NP
+definitive JJ I-NP
+agreement NN I-NP
+establishing VBG B-VP
+the DT B-NP
+50-50 JJ I-NP
+partnership NN I-NP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+with IN B-PP
+construction NN B-NP
+tentatively RB B-VP
+slated VBD I-VP
+for IN B-PP
+the DT B-NP
+spring NN I-NP
+of IN B-PP
+1990 CD B-NP
+and CC O
+production NN B-NP
+by IN B-PP
+1992 CD B-NP
+. . O
+
+USX NNP B-NP
+already RB B-ADVP
+has VBZ B-VP
+six CD B-NP
+lines NNS I-NP
+in IN B-PP
+existing VBG B-NP
+plants NNS I-NP
+producing VBG B-VP
+hot-dipped JJ B-NP
+galvanized JJ I-NP
+steel NN I-NP
+, , O
+but CC O
+this DT B-NP
+marks VBZ B-VP
+the DT B-NP
+first JJ I-NP
+so-called JJ I-NP
+greenfield NN I-NP
+plant NN I-NP
+for IN B-PP
+such JJ B-NP
+production NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+it PRP B-NP
+will MD B-VP
+boost VB I-VP
+by IN B-PP
+50 CD B-NP
+% NN I-NP
+USX NNP B-NP
+'s POS B-NP
+current JJ I-NP
+hot-dipped JJ I-NP
+capacity NN I-NP
+of IN B-PP
+1,275,000 CD B-NP
+tons NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+expect VB I-VP
+the DT B-NP
+new JJ I-NP
+line NN I-NP
+'s POS B-NP
+capacity NN I-NP
+to TO B-VP
+adversely RB I-VP
+affect VB I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+existing VBG I-NP
+hot-dipped JJ I-NP
+galvanizing NN I-NP
+lines NNS I-NP
+. . O
+
+Steelmakers NNS B-NP
+have VBP B-VP
+also RB I-VP
+been VBN I-VP
+adding VBG I-VP
+capacity NN B-NP
+of IN B-PP
+so-called JJ B-NP
+electrogalvanized JJ I-NP
+steel NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+another DT B-NP
+way NN I-NP
+to TO B-VP
+make VB I-VP
+coated VBN B-NP
+corrosion-resistant JJ I-NP
+steel NN I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+advantages NNS I-NP
+of IN B-PP
+the DT B-NP
+hot-dipped JJ I-NP
+process NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+it PRP B-NP
+allows VBZ B-VP
+the DT B-NP
+steel NN I-NP
+to TO B-VP
+be VB I-VP
+covered VBN I-VP
+with IN B-PP
+a DT B-NP
+thicker JJR I-NP
+coat NN I-NP
+of IN B-PP
+zinc NN B-NP
+more RBR B-ADVP
+quickly RB I-ADVP
+. . O
+
+ONCE RB O
+YOU PRP B-NP
+MAKE VB B-VP
+UP IN B-PRT
+your PRP$ B-NP
+mind NN I-NP
+about IN B-PP
+an DT B-NP
+investment NN I-NP
+, , O
+the DT B-NP
+rest NN I-NP
+is VBZ B-VP
+easy JJ B-ADJP
+, , O
+right NN B-INTJ
+? . O
+
+You PRP B-NP
+just RB B-ADVP
+call VBP B-VP
+your PRP$ B-NP
+broker NN I-NP
+and CC O
+say VBP B-VP
+`` `` O
+buy VB B-VP
+'' '' I-VP
+or CC I-VP
+`` `` I-VP
+sell VB I-VP
+. . O
+'' '' O
+
+Dream NNP B-VP
+on NNP B-PRT
+. . O
+
+There EX B-NP
+are VBP B-VP
+all DT B-NP
+sorts NNS I-NP
+of IN B-PP
+ways NNS B-NP
+to TO B-VP
+give VB I-VP
+buy NN B-NP
+and CC I-NP
+sell VB I-NP
+instructions NNS I-NP
+to TO B-PP
+a DT B-NP
+broker NN I-NP
+-- : O
+and CC O
+just RB B-NP
+as IN I-NP
+many JJ I-NP
+ways NNS I-NP
+to TO B-VP
+get VB I-VP
+burned VBN I-VP
+if IN B-SBAR
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+what WP B-NP
+you PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+. . O
+
+So RB O
+here RB B-ADVP
+'s VBZ B-VP
+a DT B-NP
+rundown NN I-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+common JJ I-NP
+types NNS I-NP
+of IN B-PP
+market NN B-NP
+orders NNS I-NP
+permitted VBN B-VP
+by IN B-PP
+the DT B-NP
+stock NN I-NP
+and CC I-NP
+commodity NN I-NP
+exchanges NNS I-NP
+. . O
+
+Two CD B-NP
+things NNS I-NP
+to TO B-VP
+keep VB I-VP
+in IN B-PP
+mind NN B-NP
+: : O
+Not RB B-NP
+all DT I-NP
+exchanges NNS I-NP
+accept VBP B-VP
+every DT B-NP
+type NN I-NP
+of IN B-PP
+order NN B-NP
+. . O
+
+And CC O
+even RB B-ADVP
+when WRB B-ADVP
+a DT B-NP
+specific JJ I-NP
+order NN I-NP
+is VBZ B-VP
+acceptable JJ B-ADJP
+to TO B-PP
+an DT B-NP
+exchange NN I-NP
+, , O
+a DT B-NP
+brokerage NN I-NP
+firm NN I-NP
+can MD B-VP
+refuse VB I-VP
+to TO I-VP
+enter VB I-VP
+it PRP B-NP
+for IN B-PP
+a DT B-NP
+customer NN I-NP
+. . O
+
+Market NNP B-NP
+Order NNP I-NP
+: : O
+This DT B-NP
+is VBZ B-VP
+probably RB B-ADVP
+the DT B-NP
+most RBS I-NP
+widely RB I-NP
+used VBN I-NP
+order NN I-NP
+-- : O
+and CC O
+the DT B-NP
+one CD I-NP
+most RBS B-ADJP
+open JJ I-ADJP
+to TO B-PP
+abuse VB B-NP
+by IN B-PP
+unscrupulous JJ B-NP
+floor NN I-NP
+brokers NNS I-NP
+, , O
+since IN B-SBAR
+it PRP B-NP
+imposes VBZ B-VP
+no DT B-NP
+price NN I-NP
+restrictions NNS I-NP
+. . O
+
+With IN B-PP
+a DT B-NP
+market NN I-NP
+order NN I-NP
+, , O
+an DT B-NP
+investor NN I-NP
+tells VBZ B-VP
+a DT B-NP
+broker NN I-NP
+to TO B-VP
+buy VB I-VP
+or CC I-VP
+sell VB I-VP
+`` `` O
+at IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+'' '' O
+
+It PRP B-NP
+'s VBZ B-VP
+like IN B-PP
+saying VBG B-VP
+, , O
+`` `` O
+get VB B-VP
+me PRP B-NP
+in IN B-ADVP
+now RB B-ADVP
+'' '' O
+or CC O
+`` `` O
+get VB B-VP
+me PRP B-NP
+out IN B-ADVP
+now RB B-ADVP
+. . O
+'' '' O
+
+For IN B-PP
+example NN B-NP
+, , O
+if IN B-SBAR
+wheat NN B-NP
+is VBZ B-VP
+being VBG I-VP
+offered VBN I-VP
+at IN B-PP
+$ $ B-NP
+4.065 CD I-NP
+and CC O
+bid NN B-VP
+at IN B-PP
+$ $ B-NP
+4.060 CD I-NP
+, , O
+a DT B-NP
+market NN I-NP
+order NN I-NP
+to TO B-VP
+buy VB I-VP
+would MD B-VP
+be VB I-VP
+filled VBN I-VP
+at IN B-PP
+the DT B-NP
+higher JJR I-NP
+price NN I-NP
+and CC O
+a DT B-NP
+market NN I-NP
+order NN I-NP
+to TO B-VP
+sell VB I-VP
+at IN B-PP
+the DT B-NP
+lower JJR I-NP
+price NN I-NP
+. . O
+
+A DT B-NP
+recent JJ I-NP
+indictment NN I-NP
+alleges VBZ B-VP
+that IN B-SBAR
+some DT B-NP
+floor NN I-NP
+brokers NNS I-NP
+at IN B-PP
+the DT B-NP
+two CD I-NP
+largest JJS I-NP
+Chicago NNP I-NP
+commodity NN I-NP
+exchanges NNS I-NP
+used VBD B-VP
+market NN B-NP
+orders NNS I-NP
+to TO B-VP
+fill VB I-VP
+customers NNS B-NP
+' POS B-NP
+orders NNS I-NP
+at IN B-PP
+unfavorable JJ B-NP
+prices NNS I-NP
+by IN B-PP
+arranging VBG B-VP
+trades NNS B-NP
+with IN B-PP
+fellow NN B-NP
+brokers NNS I-NP
+. . O
+
+Profits NNS B-NP
+realized VBD B-VP
+from IN B-PP
+these DT B-NP
+trades NNS I-NP
+would MD B-VP
+then RB I-VP
+be VB I-VP
+shared VBN I-VP
+by IN B-PP
+the DT B-NP
+conspiring VBG I-NP
+brokers NNS I-NP
+. . O
+
+Limit VB B-NP
+Order NNP I-NP
+: : O
+Limit VB B-NP
+orders NNS I-NP
+are VBP B-VP
+used VBN I-VP
+when WRB B-ADVP
+investors NNS B-NP
+want VBP B-VP
+to TO I-VP
+restrict VB I-VP
+the DT B-NP
+amount NN I-NP
+they PRP B-NP
+will MD B-VP
+receive VB I-VP
+or CC I-VP
+pay VB I-VP
+for IN B-PP
+an DT B-NP
+investment NN I-NP
+. . O
+
+Investors NNS B-NP
+do VBP B-VP
+this DT B-NP
+by IN B-PP
+specifying VBG B-VP
+a DT B-NP
+minimum JJ I-NP
+price NN I-NP
+at IN B-PP
+which WDT B-NP
+the DT B-NP
+investment NN I-NP
+may MD B-VP
+be VB I-VP
+sold VBN I-VP
+or CC O
+the DT B-NP
+maximum JJ I-NP
+price NN I-NP
+that WDT B-NP
+may MD B-VP
+be VB I-VP
+paid VBN I-VP
+for IN B-PP
+it PRP B-NP
+. . O
+
+Suppose VB B-VP
+an DT B-NP
+investor NN I-NP
+wants VBZ B-VP
+to TO I-VP
+sell VB I-VP
+a DT B-NP
+stock NN I-NP
+, , O
+but CC O
+not RB O
+for IN B-PP
+less JJR B-NP
+than IN I-NP
+$ $ I-NP
+55 NN I-NP
+. . O
+
+A DT B-NP
+limit NN I-NP
+order NN I-NP
+to TO B-VP
+sell VB I-VP
+could MD B-VP
+be VB I-VP
+entered VBN I-VP
+at IN B-PP
+that DT B-NP
+price NN I-NP
+. . O
+
+One CD B-NP
+risk NN I-NP
+: : O
+Investors NNS B-NP
+may MD B-VP
+regret VB I-VP
+the DT B-NP
+restriction NN I-NP
+if IN B-SBAR
+the DT B-NP
+stock NN I-NP
+reaches VBZ B-VP
+54 CD B-NP
+and CC O
+then RB O
+falls VBZ B-VP
+. . O
+
+Unless IN B-SBAR
+the DT B-NP
+market NN I-NP
+goes VBZ B-VP
+at IN B-NP
+least JJS I-NP
+one CD I-NP
+tick VB I-NP
+-LRB- ( O
+the DT B-NP
+smallest JJS I-NP
+price NN I-NP
+increment NN I-NP
+permitted VBN B-VP
+-RRB- ) O
+beyond IN B-PP
+the DT B-NP
+limit NN I-NP
+price NN I-NP
+, , O
+investors NNS B-NP
+are VBP B-VP
+n't RB I-VP
+assured VBN I-VP
+of IN B-PP
+having VBG B-VP
+their PRP$ B-NP
+orders NNS I-NP
+filled VBN B-VP
+because IN B-SBAR
+there EX B-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+sufficient JJ B-NP
+trading NN I-NP
+volume NN I-NP
+to TO B-VP
+permit VB I-VP
+filling VBG I-VP
+it PRP B-NP
+at IN B-PP
+the DT B-NP
+specified VBN I-NP
+price NN I-NP
+. . O
+
+Stop VB B-NP
+Order NNP I-NP
+: : O
+Stop VB B-NP
+orders NNS I-NP
+tell VB B-VP
+a DT B-NP
+floor NN I-NP
+broker NN I-NP
+to TO B-VP
+buy VB I-VP
+or CC I-VP
+sell VB I-VP
+an DT B-NP
+investment NN I-NP
+once RB B-SBAR
+the DT B-NP
+price NN I-NP
+reaches VBZ B-VP
+a DT B-NP
+certain JJ I-NP
+level NN I-NP
+. . O
+
+Once RB O
+the DT B-NP
+price NN I-NP
+reaches VBZ B-VP
+that DT B-NP
+level NN I-NP
+, , O
+a DT B-NP
+stop NN I-NP
+order NN I-NP
+turns VBZ B-VP
+into IN B-PP
+a DT B-NP
+market NN I-NP
+order NN I-NP
+, , O
+and CC O
+the DT B-NP
+order NN I-NP
+is VBZ B-VP
+filled VBN I-VP
+at IN B-PP
+whatever WDT B-NP
+price VBP I-NP
+the DT B-NP
+broker NN I-NP
+can MD B-VP
+get VB I-VP
+. . O
+
+Stop VB B-NP
+orders NNS I-NP
+are VBP B-VP
+sometimes RB I-VP
+called VBN I-VP
+`` `` B-NP
+stop-loss NN I-NP
+'' '' I-NP
+orders NNS I-NP
+because IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+frequently RB I-VP
+used VBN I-VP
+to TO B-VP
+protect VB I-VP
+profits NNS B-NP
+or CC O
+limit NN B-VP
+losses NNS B-NP
+. . O
+
+While IN B-SBAR
+stop NN B-NP
+orders NNS I-NP
+sound VBP B-VP
+similar JJ B-ADJP
+to TO B-PP
+limit VB B-NP
+orders NNS I-NP
+, , O
+there EX B-NP
+is VBZ B-VP
+a DT B-NP
+difference NN I-NP
+: : O
+Sell VB B-NP
+stops VBZ I-NP
+must MD B-VP
+be VB I-VP
+entered VBN I-VP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+below IN B-PP
+the DT B-NP
+current JJ I-NP
+market NN I-NP
+price NN I-NP
+and CC O
+buy VB B-NP
+stops VBZ I-NP
+above RB B-PP
+. . O
+
+In IN B-PP
+contrast NN B-NP
+, , O
+sell VB B-NP
+limit NN I-NP
+orders NNS I-NP
+must MD B-VP
+be VB I-VP
+placed VBN I-VP
+above IN B-PP
+the DT B-NP
+market NN I-NP
+price NN I-NP
+and CC O
+buy VB B-NP
+limit NN I-NP
+orders NNS I-NP
+are VBP B-VP
+placed VBN I-VP
+below RB B-PP
+. . O
+
+The DT B-NP
+crash NN I-NP
+in IN B-PP
+October NNP B-NP
+1987 CD I-NP
+and CC O
+last JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+sell-off NN I-NP
+painfully RB B-VP
+taught VBD I-VP
+some DT B-NP
+investors NNS I-NP
+exactly RB B-ADVP
+what WP B-NP
+stop VBP B-NP
+orders NNS I-NP
+will MD B-VP
+and CC I-VP
+wo MD I-VP
+n't RB O
+do VB B-VP
+. . O
+
+An DT B-NP
+investor NN I-NP
+who WP B-NP
+may MD B-VP
+have VB I-VP
+placed VBN I-VP
+a DT B-NP
+stop-loss NN I-NP
+order NN I-NP
+at IN B-PP
+$ $ B-NP
+90 CD I-NP
+under IN B-PP
+a DT B-NP
+stock NN I-NP
+that WDT B-NP
+was VBD B-VP
+trading VBG I-VP
+at IN B-PP
+$ $ B-NP
+100 CD I-NP
+a DT B-NP
+share NN I-NP
+on IN B-PP
+the DT B-NP
+Friday NNP I-NP
+before IN B-PP
+the DT B-NP
+crash NN I-NP
+was VBD B-VP
+stunned VBN I-VP
+to TO I-VP
+discover VB I-VP
+that IN B-SBAR
+the DT B-NP
+order NN I-NP
+was VBD B-VP
+filled VBN I-VP
+at IN B-PP
+$ $ B-NP
+75 CD I-NP
+when WRB B-ADVP
+the DT B-NP
+stock NN I-NP
+opened VBD B-VP
+at IN B-PP
+that DT B-NP
+price NN I-NP
+on IN B-PP
+Monday NNP B-NP
+. . O
+
+Stop-Limit NNP B-NP
+Order NNP I-NP
+: : O
+Stop-limit JJ B-NP
+orders NNS I-NP
+turn VBP B-VP
+into IN B-PP
+limit NN B-NP
+orders NNS I-NP
+when WRB B-ADVP
+an DT B-NP
+investment NN I-NP
+trades NNS B-VP
+at IN B-PP
+the DT B-NP
+price NN I-NP
+specified VBN B-VP
+in IN B-PP
+the DT B-NP
+order NN I-NP
+. . O
+
+Unlike IN B-PP
+stop NN B-NP
+orders NNS I-NP
+-- : O
+which WDT B-NP
+are VBP B-VP
+filled VBN I-VP
+at IN B-PP
+the DT B-NP
+market NN I-NP
+price NN I-NP
+when WRB B-ADVP
+the DT B-NP
+stop NN I-NP
+price NN I-NP
+is VBZ B-VP
+hit VBN I-VP
+-- : O
+stop-limit JJ B-NP
+orders NNS I-NP
+demand VBP B-VP
+that IN B-SBAR
+the DT B-NP
+trades NNS I-NP
+be VBP B-VP
+made VBN I-VP
+only RB B-ADVP
+at IN B-PP
+the DT B-NP
+specified VBN I-NP
+price NN I-NP
+. . O
+
+If IN B-SBAR
+it PRP B-NP
+ca MD B-VP
+n't RB I-VP
+be VB I-VP
+made VBN I-VP
+at IN B-PP
+that DT B-NP
+price NN I-NP
+, , O
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+get VB I-VP
+filled VBN I-VP
+. . O
+
+Investors NNS B-NP
+who WP B-NP
+wish VBP B-VP
+to TO I-VP
+be VB I-VP
+out IN B-PP
+of IN B-PP
+a DT B-NP
+position NN I-NP
+, , O
+without IN B-PP
+the DT B-NP
+risk NN I-NP
+of IN B-PP
+receiving VBG B-VP
+a DT B-NP
+worse-than-expected JJ I-NP
+price NN I-NP
+from IN B-PP
+a DT B-NP
+market NN I-NP
+order NN I-NP
+, , O
+may MD B-VP
+use VB I-VP
+this DT B-NP
+type NN I-NP
+of IN B-PP
+order NN B-NP
+to TO B-VP
+specify VB I-VP
+the DT B-NP
+price NN I-NP
+at IN B-PP
+which WDT B-NP
+the DT B-NP
+order NN I-NP
+must MD B-VP
+be VB I-VP
+filled VBN I-VP
+. . O
+
+But CC O
+if IN B-SBAR
+the DT B-NP
+market NN I-NP
+moves NNS B-VP
+quickly RB B-ADVP
+enough RB I-ADVP
+, , O
+it PRP B-NP
+may MD B-VP
+be VB I-VP
+impossible JJ B-ADJP
+for IN B-SBAR
+the DT B-NP
+broker NN I-NP
+to TO B-VP
+carry VB I-VP
+out RP B-PRT
+the IN B-NP
+order NN I-NP
+because IN B-SBAR
+the DT B-NP
+investment NN I-NP
+has VBZ B-VP
+passed VBN I-VP
+the DT B-NP
+specified VBN I-NP
+price NN I-NP
+. . O
+
+Market-If-Touched NNP B-NP
+Order NNP I-NP
+: : O
+Market-if-touched JJ B-NP
+orders NNS I-NP
+are VBP B-VP
+like IN B-PP
+stop NN B-NP
+orders NNS I-NP
+in IN B-SBAR
+that DT I-SBAR
+they PRP B-NP
+become VBP B-VP
+market NN B-NP
+orders NNS I-NP
+if IN B-SBAR
+a DT B-NP
+specified VBN I-NP
+price NN I-NP
+is VBZ B-VP
+reached VBN I-VP
+. . O
+
+However RB B-ADVP
+, , O
+unlike IN B-PP
+a DT B-NP
+buy-stop JJ I-NP
+order NN I-NP
+, , O
+a DT B-NP
+buy NN I-NP
+market-if-touched NN I-NP
+order NN I-NP
+is VBZ B-VP
+entered VBN I-VP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+below IN B-PP
+the DT B-NP
+current JJ I-NP
+price NN I-NP
+, , O
+while IN B-SBAR
+a DT B-NP
+sell NN I-NP
+market-if-touched NN I-NP
+order NN I-NP
+is VBZ B-VP
+entered VBN I-VP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+above IN B-PP
+it PRP B-NP
+. . O
+
+As RB B-ADVP
+soon RB I-ADVP
+as IN B-SBAR
+the DT B-NP
+market NN I-NP
+trades NNS B-VP
+at IN B-PP
+the DT B-NP
+specified VBN I-NP
+price NN I-NP
+the DT B-NP
+floor NN I-NP
+broker NN I-NP
+will MD B-VP
+fill VB I-VP
+it PRP B-NP
+at IN B-PP
+the DT B-NP
+best JJS I-NP
+possible JJ I-NP
+price NN I-NP
+. . O
+
+Fill-Or-Kill NNP B-NP
+Order NNP I-NP
+: : O
+The DT B-NP
+fill-or-kill JJ I-NP
+order NN I-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+several RB B-NP
+associated VBN B-VP
+with IN B-PP
+the DT B-NP
+timing NN I-NP
+of IN B-PP
+trades NNS B-NP
+. . O
+
+It PRP B-NP
+instructs VBZ B-VP
+a DT B-NP
+broker NN I-NP
+to TO B-VP
+buy VB I-VP
+or CC I-VP
+sell VB I-VP
+an DT B-NP
+investment NN I-NP
+at IN B-PP
+the DT B-NP
+specified VBN I-NP
+price NN I-NP
+or CC O
+better JJR B-ADJP
+. . O
+
+But CC O
+if IN B-SBAR
+the DT B-NP
+investment NN I-NP
+ca MD B-VP
+n't RB I-VP
+be VB I-VP
+bought VBN I-VP
+or CC I-VP
+sold VBN I-VP
+immediately RB B-ADVP
+, , O
+the DT B-NP
+order NN I-NP
+is VBZ B-VP
+automatically RB I-VP
+canceled VBN I-VP
+. . O
+
+Gregory NNP B-NP
+Bessemer NNP I-NP
+, , O
+who WP B-NP
+came VBD B-VP
+in IN B-PP
+second JJ B-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+division NN I-NP
+of IN B-PP
+the DT B-NP
+recently RB I-NP
+completed VBN I-NP
+U.S. NNP I-NP
+Trading NNP I-NP
+Championship NNP I-NP
+, , O
+says VBZ B-VP
+he PRP B-NP
+uses VBZ B-VP
+fill-or-kill JJ B-NP
+orders NNS I-NP
+almost RB B-ADVP
+exclusively RB I-ADVP
+when WRB B-ADVP
+trading NN B-VP
+options NNS B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+like VB B-VP
+to TO I-VP
+use VB I-VP
+them PRP B-NP
+to TO B-VP
+feel VB I-VP
+out RP B-PRT
+the IN B-NP
+market NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+If IN B-SBAR
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+fill VB I-VP
+it PRP B-NP
+immediately RB B-ADVP
+, , O
+then RB B-ADVP
+I PRP B-NP
+can MD B-VP
+start VB I-VP
+over IN B-ADVP
+at IN B-PP
+a DT B-NP
+new JJ I-NP
+price NN I-NP
+or CC O
+try VB B-VP
+again RB B-ADVP
+with IN B-PP
+the DT B-NP
+same JJ I-NP
+price NN I-NP
+. . O
+'' '' O
+
+Not-Held NNP B-NP
+Order NNP I-NP
+: : O
+This DT B-NP
+is VBZ B-VP
+another DT B-NP
+timing NN I-NP
+order NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+a DT B-NP
+market NN I-NP
+order NN I-NP
+that WDT B-NP
+allows VBZ B-VP
+floor NN B-NP
+brokers NNS I-NP
+to TO B-VP
+take VB I-VP
+more JJR B-NP
+time NN I-NP
+to TO B-VP
+buy VB I-VP
+or CC I-VP
+sell VB I-VP
+an DT B-NP
+investment NN I-NP
+, , O
+if IN B-SBAR
+they PRP B-NP
+think VBP B-VP
+they PRP B-NP
+can MD B-VP
+get VB I-VP
+a DT B-NP
+better JJR I-NP
+price NN I-NP
+by IN B-PP
+waiting VBG B-NP
+. . O
+
+Not-held JJ B-NP
+orders NNS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+also RB I-VP
+known VBN I-VP
+as IN B-PP
+`` `` O
+disregard NN B-VP
+the DT B-NP
+tape NN I-NP
+'' '' B-NP
+orders NNS I-NP
+, , O
+are VBP B-VP
+always RB I-VP
+done VBN I-VP
+at IN B-PP
+the DT B-NP
+customer NN I-NP
+'s POS B-NP
+risk NN I-NP
+. . O
+
+One-Cancels-The-Other NNP B-NP
+Order NNP I-NP
+: : O
+This DT B-NP
+is VBZ B-VP
+really RB B-ADVP
+two CD B-NP
+orders NNS I-NP
+in IN B-PP
+one CD B-NP
+, , O
+generally RB B-ADVP
+for IN B-PP
+the DT B-NP
+same JJ I-NP
+security NN I-NP
+or CC I-NP
+commodity NN I-NP
+, , O
+instructing VBG B-VP
+floor NN B-NP
+brokers NNS I-NP
+to TO B-VP
+fill VB I-VP
+whichever WDT B-NP
+order VBP I-NP
+they PRP B-NP
+can MD B-VP
+first RB B-ADVP
+and CC O
+then RB O
+cancel VB B-VP
+the DT B-NP
+other JJ I-NP
+order NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+fast-moving JJ I-NP
+market NN I-NP
+, , O
+it PRP B-NP
+prevents VBZ B-VP
+an DT B-NP
+investor NN I-NP
+from IN B-PP
+getting VBG B-VP
+stuck VBN I-VP
+with IN B-PP
+having VBG B-VP
+made VBN I-VP
+two CD B-NP
+trades NNS I-NP
+on IN B-PP
+the DT B-NP
+same JJ I-NP
+security NN I-NP
+. . O
+
+Specific-Time NNP B-NP
+Order NNP I-NP
+: : O
+This DT B-NP
+type NN I-NP
+of IN B-PP
+order NN B-NP
+couples NNS B-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+orders NNS I-NP
+described VBN B-VP
+above IN B-ADVP
+with IN B-PP
+instructions NNS B-NP
+that IN B-SBAR
+the DT B-NP
+order NN I-NP
+must MD B-VP
+be VB I-VP
+carried VBN I-VP
+out IN B-PRT
+at IN B-PP
+or CC I-PP
+by IN I-PP
+a DT B-NP
+certain JJ I-NP
+time NN I-NP
+. . O
+
+`` `` O
+On IN B-NP
+the DT I-NP
+close NN I-NP
+'' '' O
+can MD B-VP
+be VB I-VP
+added VBN I-VP
+to TO B-PP
+many VB B-NP
+types NNS I-NP
+of IN B-PP
+orders NNS B-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+`` `` O
+market-on-close JJ B-NP
+orders NNS I-NP
+'' '' O
+must MD B-VP
+be VB B-VP
+filled VBN I-VP
+during IN B-PP
+the DT B-NP
+last JJ I-NP
+few JJ I-NP
+minutes NNS I-NP
+of IN B-PP
+trading NN B-NP
+for IN B-PP
+the DT B-NP
+day NN I-NP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+that WDT B-NP
+is VBZ B-VP
+within IN B-PP
+the DT B-NP
+official NN I-NP
+closing VBG I-NP
+range NN I-NP
+of IN B-PP
+prices NNS B-NP
+as IN B-SBAR
+determined VBN B-VP
+by IN B-PP
+the DT B-NP
+exchange NN I-NP
+. . O
+
+`` `` O
+Stop-close-only JJ B-NP
+orders NNS I-NP
+'' '' O
+are VBP B-VP
+stop VB B-NP
+orders NNS I-NP
+that WDT B-NP
+only RB B-ADVP
+become VB B-VP
+active JJ B-ADJP
+during IN B-PP
+the DT B-NP
+closing VBG I-NP
+minutes NNS I-NP
+of IN B-PP
+trading NN B-NP
+. . O
+
+`` `` O
+Day NNP B-NP
+orders NNS I-NP
+'' '' O
+expire VB B-VP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+day NN I-NP
+on IN B-PP
+which WDT B-NP
+they PRP B-NP
+are VBP B-VP
+entered VBN I-VP
+, , O
+`` `` O
+good-till-canceled JJ B-NP
+orders NNS I-NP
+'' '' O
+have VBP B-VP
+no DT B-NP
+expiration NN I-NP
+date NN I-NP
+. . O
+
+Most JJS B-NP
+brokers NNS I-NP
+assume VBP B-VP
+that IN B-SBAR
+all DT B-NP
+orders NNS I-NP
+are VBP B-VP
+day NN B-NP
+orders NNS I-NP
+unless IN B-SBAR
+specified VBN B-VP
+otherwise RB B-ADVP
+. . O
+
+On IN B-PP
+Oct. NNP B-NP
+19 CD I-NP
+, , I-NP
+1987 CD I-NP
+, , O
+some DT B-NP
+investors NNS I-NP
+learned VBD B-VP
+the DT B-NP
+consequences NNS I-NP
+of IN B-PP
+entering VBG B-VP
+`` `` O
+good-til-canceled JJ B-NP
+limit NN I-NP
+orders NNS I-NP
+'' '' O
+and CC O
+then RB O
+forgetting VBG B-VP
+about IN B-PP
+them PRP B-NP
+. . O
+
+They PRP B-NP
+found VBD B-VP
+they PRP B-NP
+had VBD B-VP
+bought VBN I-VP
+stock NN B-NP
+from IN B-PP
+limit NN B-NP
+orders NNS I-NP
+that IN B-NP
+they PRP B-NP
+might MD B-VP
+have VB I-VP
+entered VBN I-VP
+weeks NNS B-NP
+or CC I-NP
+months NNS I-NP
+earlier RBR B-ADVP
+and CC O
+had VBD B-VP
+forgotten VBN I-VP
+to TO I-VP
+cancel VB I-VP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+always RB B-ADVP
+the DT B-NP
+responsibility NN I-NP
+of IN B-PP
+investors NNS B-NP
+to TO B-VP
+keep VB I-VP
+track NN B-NP
+of IN B-PP
+the DT B-NP
+orders NNS I-NP
+they PRP B-NP
+have VBP B-VP
+placed VBN I-VP
+. . O
+
+Investors NNS B-NP
+who WP B-NP
+change VBP B-VP
+their PRP$ B-NP
+mind NN I-NP
+about IN B-PP
+buying VBG B-NP
+or CC I-NP
+selling VBG I-NP
+after IN B-SBAR
+an DT B-NP
+order NN I-NP
+has VBZ B-VP
+been VBN I-VP
+filled VBN I-VP
+are VBP B-VP
+, , O
+usually RB B-ADVP
+, , O
+stuck VBN B-VP
+with IN B-PP
+the DT B-NP
+consequences NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Angrist NNP I-NP
+writes VBZ B-VP
+on IN B-PP
+the DT B-NP
+options NNS I-NP
+and CC I-NP
+commodities NNS I-NP
+markets NNS I-NP
+for IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+. . O
+
+IN IN B-PP
+SIZING NNP B-VP
+UP IN B-PRT
+the DT B-NP
+risks NNS I-NP
+of IN B-PP
+stock-market NN B-NP
+investments NNS I-NP
+, , O
+there EX B-NP
+'s VBZ B-VP
+probably RB B-ADVP
+no DT B-NP
+starting VBG I-NP
+place NN I-NP
+better JJR B-ADJP
+than IN B-PP
+`` `` O
+beta NN B-NP
+. . O
+'' '' O
+
+But CC O
+investors NNS B-NP
+better RBR B-ADVP
+not RB O
+ignore VB B-VP
+its PRP$ B-NP
+limitations NNS I-NP
+, , O
+either RB B-ADVP
+. . O
+
+Beta NNP B-NP
+is VBZ B-VP
+a DT B-NP
+handy JJ I-NP
+gauge NN I-NP
+that IN B-NP
+measures VBZ B-VP
+the DT B-NP
+volatility NN I-NP
+of IN B-PP
+a DT B-NP
+stock NN I-NP
+or CC I-NP
+stock NN I-NP
+mutual JJ I-NP
+fund NN I-NP
+. . O
+
+For IN B-PP
+any DT B-NP
+given VBN I-NP
+move NN I-NP
+in IN B-PP
+the DT B-NP
+overall JJ I-NP
+market NN I-NP
+, , O
+it PRP B-NP
+suggests VBZ B-VP
+how WRB B-ADVP
+steeply RB I-ADVP
+that IN B-NP
+particular JJ I-NP
+issue NN I-NP
+might MD B-VP
+rise VB I-VP
+or CC I-VP
+fall NN I-VP
+. . O
+
+Beta JJ B-NP
+figures NNS I-NP
+are VBP B-VP
+widely RB B-ADJP
+available JJ I-ADJP
+and CC O
+easy JJ B-ADJP
+to TO B-VP
+interpret VB I-VP
+. . O
+
+The DT B-NP
+beta NN I-NP
+of IN B-PP
+the DT B-NP
+broad JJ I-NP
+market NN I-NP
+, , O
+typically RB B-VP
+defined VBN I-VP
+as IN B-PP
+the DT B-NP
+Standard NNP I-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+500-stock JJ I-NP
+index NN I-NP
+, , O
+is VBZ B-VP
+always RB B-ADVP
+1.0 CD B-NP
+. . O
+
+So RB O
+a DT B-NP
+stock NN I-NP
+with IN B-PP
+a DT B-NP
+beta NN I-NP
+of IN B-PP
+0.5 CD B-NP
+is VBZ B-VP
+half NN B-ADJP
+as IN I-ADJP
+volatile JJ I-ADJP
+, , O
+one CD B-NP
+at IN B-PP
+1.5 CD B-NP
+is VBZ B-VP
+50 CD B-NP
+% NN I-NP
+more RBR B-ADJP
+volatile JJ I-ADJP
+, , O
+and CC O
+so RB B-ADVP
+on RB I-ADVP
+. . O
+
+Cautious JJ B-NP
+investors NNS I-NP
+should MD B-VP
+generally RB I-VP
+go VB I-VP
+with IN B-PP
+stocks NNS B-NP
+that WDT B-NP
+have VBP B-VP
+low JJ B-NP
+betas NNS I-NP
+. . O
+
+Go VB B-VP
+with IN B-PP
+high-beta JJ B-NP
+stocks NNS I-NP
+to TO B-VP
+get VB I-VP
+the DT B-NP
+biggest JJS I-NP
+payoff NN I-NP
+from IN B-PP
+a DT B-NP
+bet NN I-NP
+on IN B-PP
+a DT B-NP
+bull NN I-NP
+market NN I-NP
+. . O
+
+Remember VB B-VP
+, , O
+though RB B-ADVP
+, , O
+that DT O
+beta NN B-NP
+also RB B-ADVP
+has VBZ B-VP
+important JJ B-NP
+limitations NNS I-NP
+. . O
+
+`` `` O
+Beta NNP B-NP
+is VBZ B-VP
+only JJ B-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+risk NN I-NP
+in IN B-PP
+a DT B-NP
+stock NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+William NNP B-NP
+F. NNP I-NP
+Sharpe NNP I-NP
+, , O
+the DT B-NP
+Stanford NNP I-NP
+University NNP I-NP
+emeritus NN I-NP
+professor NN I-NP
+who WP B-NP
+developed VBD B-VP
+the DT B-NP
+measure NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+risk NN B-NP
+that WDT B-NP
+is VBZ B-VP
+not RB I-VP
+associated VBN I-VP
+with IN B-PP
+market NN B-NP
+moves NNS I-NP
+, , O
+and CC O
+the DT B-NP
+beta NN I-NP
+does VBZ B-VP
+n't RB I-VP
+tell VB I-VP
+you PRP B-NP
+the DT B-NP
+magnitude NN I-NP
+of IN B-PP
+that DT B-NP
+. . O
+'' '' O
+
+In IN B-PP
+particular JJ B-NP
+, , O
+beta NN B-NP
+does VBZ B-VP
+n't RB I-VP
+measure VB I-VP
+the DT B-NP
+company NN I-NP
+- : O
+and CC O
+industry-specific JJ B-NP
+risk NN I-NP
+associated VBN B-VP
+with IN B-PP
+an DT B-NP
+individual JJ I-NP
+stock NN I-NP
+. . O
+
+That DT B-NP
+`` `` I-NP
+business NN I-NP
+'' '' I-NP
+risk NN I-NP
+is VBZ B-VP
+very RB B-ADJP
+significant JJ I-ADJP
+for IN B-PP
+an DT B-NP
+investor NN I-NP
+with IN B-PP
+only RB B-NP
+a DT I-NP
+few JJ I-NP
+stocks NNS I-NP
+, , O
+but CC O
+it PRP B-NP
+virtually RB B-VP
+disappears VBZ I-VP
+in IN B-PP
+a DT B-NP
+large JJ I-NP
+and CC I-NP
+well-diversified JJ I-NP
+portfolio NN I-NP
+. . O
+
+Beta NNP B-NP
+is VBZ B-VP
+also RB B-ADVP
+a DT B-NP
+poor JJ I-NP
+indicator NN I-NP
+of IN B-PP
+the DT B-NP
+risk NN I-NP
+in IN B-PP
+stock NN B-NP
+groups NNS I-NP
+that WDT B-NP
+march VBP B-VP
+to TO B-PP
+their PRP$ B-NP
+own JJ I-NP
+drummer NN I-NP
+. . O
+
+In IN B-PP
+particular JJ B-NP
+, , O
+the DT B-NP
+prices NNS I-NP
+of IN B-PP
+gold NN B-NP
+and CC O
+other JJ B-NP
+precious-metals NNS I-NP
+stocks NNS I-NP
+shoot VBP B-VP
+up IN B-ADVP
+and CC I-ADVP
+down RB I-ADVP
+, , O
+but CC O
+the DT B-NP
+stocks NNS I-NP
+tend VBP B-VP
+to TO I-VP
+have VB I-VP
+low JJ B-NP
+betas NNS I-NP
+because IN B-SBAR
+their PRP$ B-NP
+moves NNS I-NP
+are VBP B-VP
+not RB O
+market-inspired JJ B-ADJP
+. . O
+
+Concern NN B-NP
+that IN B-SBAR
+investors NNS B-NP
+could MD B-VP
+misinterpret VB I-VP
+such JJ B-NP
+readings NNS I-NP
+led VBD B-VP
+the DT B-NP
+American NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Individual JJ B-NP
+Investors NNS I-NP
+to TO B-VP
+eliminate VB I-VP
+beta NN B-NP
+figures NNS I-NP
+for IN B-PP
+precious-metals NNS B-NP
+funds NNS I-NP
+in IN B-PP
+the DT B-NP
+1989 CD I-NP
+edition NN I-NP
+of IN B-PP
+its PRP$ B-NP
+mutual-fund JJ I-NP
+guide NN I-NP
+. . O
+
+`` `` O
+Our PRP$ B-NP
+fear NN I-NP
+was VBD B-VP
+people NNS B-NP
+would MD B-VP
+look VB I-VP
+just RB B-ADVP
+at IN B-PP
+the DT B-NP
+beta NN I-NP
+-LCB- ( O
+of IN B-PP
+a DT B-NP
+gold NN I-NP
+fund NN I-NP
+-RCB- ) O
+and CC O
+say VBP B-VP
+here RB B-ADVP
+is VBZ B-VP
+an DT B-NP
+investment NN I-NP
+with IN B-PP
+very RB B-NP
+low JJ I-NP
+risk NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+John NNP B-NP
+Markese NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+research NN B-NP
+for IN B-PP
+the DT B-NP
+Chicago-based JJ I-NP
+group NN I-NP
+. . O
+
+`` `` O
+In IN B-PP
+reality NN B-NP
+it PRP B-NP
+'s VBZ B-VP
+very RB B-ADJP
+volatile JJ I-ADJP
+, , O
+but CC O
+the DT B-NP
+movements NNS I-NP
+are VBP B-VP
+not RB O
+because IN B-PP
+of IN I-PP
+market NN B-NP
+movements NNS I-NP
+. . O
+
+READY NNP B-ADJP
+TO TO B-VP
+REVIEW NNP I-VP
+the DT B-NP
+riskiness NN I-NP
+of IN B-PP
+your PRP$ B-NP
+investment NN I-NP
+portfolio NN I-NP
+? . O
+
+First RB B-ADVP
+, , O
+a DT B-NP
+pop NN I-NP
+quiz NN I-NP
+. . O
+
+When WRB B-ADVP
+you PRP B-NP
+think VBP B-VP
+of IN B-PP
+the DT B-NP
+words NNS I-NP
+`` `` I-NP
+risk NN I-NP
+'' '' I-NP
+and CC I-NP
+`` `` I-NP
+investment NN I-NP
+, , O
+'' '' O
+what WP B-NP
+'s VBZ B-VP
+the DT B-NP
+specific JJ I-NP
+peril NN I-NP
+that WDT B-NP
+comes VBZ B-VP
+to TO B-PP
+mind VB B-VP
+? . O
+
+Pencils NNS B-NP
+down RB B-ADVP
+. . O
+
+If IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+like IN B-PP
+most RBS B-NP
+people NNS I-NP
+, , O
+you PRP B-NP
+said VBD B-VP
+it PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+holding VBG I-NP
+that WDT B-NP
+goes VBZ B-VP
+completely RB B-ADJP
+sour JJ I-ADJP
+-- : B-NP
+maybe RB I-NP
+a DT B-NP
+bond NN I-NP
+that IN B-NP
+defaults NNS B-VP
+or CC O
+a DT B-NP
+stock NN I-NP
+whose WP$ B-NP
+value NN I-NP
+disappears VBZ B-VP
+in IN B-PP
+a DT B-NP
+bankruptcy NN I-NP
+proceeding NN I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+tend VBP B-VP
+to TO I-VP
+see VB I-VP
+risk NN B-NP
+primarily RB B-ADVP
+on IN B-PP
+that DT B-NP
+one CD I-NP
+dimension NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Timothy NNP B-NP
+Kochis NNP I-NP
+, , O
+national JJ B-NP
+director NN I-NP
+of IN B-PP
+personal JJ B-NP
+financial JJ I-NP
+planning NN I-NP
+for IN B-PP
+accountants NNS B-NP
+Deloitte NNP I-NP
+, , I-NP
+Haskins NNP I-NP
+& CC I-NP
+Sells NNP I-NP
+. . O
+
+But CC O
+therein RB B-ADVP
+lies VBZ B-VP
+another DT B-NP
+aspect NN I-NP
+of IN B-PP
+investment NN B-NP
+risk NN I-NP
+: : O
+the DT B-NP
+hazard NN I-NP
+of IN B-PP
+shaping VBG B-VP
+your PRP$ B-NP
+portfolio NN I-NP
+to TO B-VP
+avoid VB I-VP
+one CD B-NP
+or CC I-NP
+more JJR I-NP
+types NNS I-NP
+of IN B-PP
+risk NN B-NP
+and CC O
+being VBG B-VP
+blind-sided JJ I-VP
+by IN B-PP
+others NNS B-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+clearly RB B-ADVP
+not RB O
+good JJ B-NP
+news NN I-NP
+to TO B-PP
+all DT B-NP
+you PRP I-NP
+people NNS I-NP
+who WP B-NP
+sleep VBP B-VP
+like IN B-PP
+babies NNS B-NP
+every DT B-NP
+night NN I-NP
+, , O
+lulled VBN B-VP
+by IN B-PP
+visions NNS B-NP
+of IN B-PP
+your PRP$ B-NP
+money NN I-NP
+sitting VBG B-VP
+risk-free JJ B-ADVP
+in IN B-PP
+six-month JJ B-NP
+CDs NNS I-NP
+. . O
+
+Risk NN B-NP
+wears VBZ B-VP
+many JJ B-NP
+disguises NNS I-NP
+, , O
+and CC O
+investments NNS B-NP
+that WDT B-NP
+are VBP B-VP
+low JJ B-ADJP
+in IN B-PP
+one CD B-NP
+type NN I-NP
+of IN B-PP
+obvious JJ B-NP
+risk NN I-NP
+can MD B-VP
+be VB I-VP
+distressingly RB B-ADJP
+high JJ I-ADJP
+in IN B-PP
+other JJ B-NP
+, , I-NP
+less RBR I-NP
+obvious JJ I-NP
+kinds NNS I-NP
+. . O
+
+U.S. NNP B-NP
+Treasury NNP I-NP
+bonds NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+are VBP B-VP
+supersafe NN B-NP
+when WRB B-ADVP
+it PRP B-NP
+comes VBZ B-VP
+to TO B-PP
+returning VBG B-VP
+money NN B-NP
+at IN B-PP
+maturity NN B-NP
+. . O
+
+But CC O
+their PRP$ B-NP
+value NN I-NP
+as IN B-PP
+investments NNS B-NP
+can MD B-VP
+be VB I-VP
+decimated VBN I-VP
+by IN B-PP
+inflation NN B-NP
+, , O
+which WDT B-NP
+erodes VBZ B-VP
+the DT B-NP
+purchasing VBG I-NP
+power NN I-NP
+of IN B-PP
+bonds NNS B-NP
+' POS B-NP
+fixed-dollar JJ I-NP
+interest NN I-NP
+payments NNS I-NP
+. . O
+
+Risk NN B-NP
+is VBZ B-VP
+also RB B-ADVP
+a DT B-NP
+function NN I-NP
+of IN B-PP
+time NN B-NP
+. . O
+
+When WRB B-ADVP
+financial JJ B-NP
+professionals NNS I-NP
+measure VBP B-VP
+risk NN B-NP
+mathematically RB B-ADVP
+, , O
+they PRP B-NP
+usually RB B-ADVP
+focus VBP B-VP
+on IN B-PP
+the DT B-NP
+volatility NN I-NP
+of IN B-PP
+short-term JJ B-NP
+returns NNS I-NP
+. . O
+
+Stocks NNS B-NP
+are VBP B-VP
+much RB B-ADJP
+riskier JJR I-ADJP
+than IN B-PP
+Treasury NNP B-NP
+bills NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+because IN B-SBAR
+the DT B-NP
+range NN I-NP
+in IN B-PP
+performance NN B-NP
+from IN B-PP
+the DT B-NP
+best JJS I-NP
+years NNS I-NP
+to TO B-PP
+the DT B-NP
+worst JJS I-NP
+is VBZ B-VP
+much RB B-ADJP
+wider JJR I-ADJP
+. . O
+
+That DT B-NP
+is VBZ B-VP
+usually RB I-VP
+measured VBN I-VP
+by IN B-PP
+the DT B-NP
+standard JJ I-NP
+deviation NN I-NP
+, , O
+or CC O
+divergence NN B-NP
+, , O
+of IN B-PP
+annual JJ B-NP
+results NNS I-NP
+from IN B-PP
+the DT B-NP
+average JJ I-NP
+return NN I-NP
+over IN B-PP
+time NN B-NP
+. . O
+
+But CC O
+investors NNS B-NP
+who WP B-NP
+are VBP B-VP
+preoccupied VBN I-VP
+with IN B-PP
+short-term JJ B-NP
+fluctuations NNS I-NP
+may MD B-VP
+be VB I-VP
+paying VBG I-VP
+too RB B-NP
+little JJ I-NP
+attention NN I-NP
+to TO B-PP
+another DT B-NP
+big JJ I-NP
+risk NN I-NP
+-- : O
+not RB O
+generating VBG B-VP
+enough JJ B-NP
+money NN I-NP
+to TO B-VP
+meet VB I-VP
+long-term JJ B-NP
+financial JJ I-NP
+and CC I-NP
+life-style NN I-NP
+goals NNS I-NP
+. . O
+
+For IN B-PP
+instance NN B-NP
+, , O
+some DT B-NP
+investors NNS I-NP
+have VBP B-VP
+sworn VBN I-VP
+off IN B-PRT
+stocks NNS B-NP
+since IN B-PP
+the DT B-NP
+1987 CD I-NP
+market NN I-NP
+crash NN I-NP
+; : O
+last JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+debacle NN I-NP
+only RB B-ADVP
+reinforced VBD B-VP
+those DT B-NP
+feelings NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+, , O
+despite IN B-PP
+some DT B-NP
+stomach-churning JJ I-NP
+declines NNS I-NP
+, , O
+has VBZ B-VP
+far RB I-VP
+outperformed VBN I-VP
+other JJ B-NP
+securities NNS I-NP
+over IN B-PP
+extended VBN B-NP
+periods NNS I-NP
+. . O
+
+By IN B-PP
+retreating VBG B-VP
+to TO B-PP
+the DT B-NP
+apparent JJ I-NP
+security NN I-NP
+of IN B-PP
+, , O
+say VBP B-ADVP
+, , O
+money-market JJ B-NP
+funds NNS I-NP
+, , O
+investors NNS B-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+earning VBG I-VP
+enough JJ B-NP
+investment NN I-NP
+return NN I-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+a DT B-NP
+comfortable JJ I-NP
+retirement NN I-NP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+the DT B-NP
+biggest JJS I-NP
+risk NN I-NP
+of IN B-PP
+all DT B-NP
+-- : O
+the DT B-NP
+risk NN I-NP
+of IN B-PP
+not RB O
+meeting VBG B-VP
+your PRP$ B-NP
+objectives NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Steven NNP B-NP
+B. NNP I-NP
+Enright NNP I-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York NNP I-NP
+financial JJ I-NP
+planner NN I-NP
+with IN B-PP
+Seidman NNP B-NP
+Financial NNP I-NP
+Services NNPS I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+financial JJ B-NP
+advisers NNS I-NP
+say VBP B-VP
+they PRP B-NP
+take VBP B-VP
+several JJ B-NP
+steps NNS I-NP
+when WRB B-ADVP
+evaluating VBG B-VP
+the DT B-NP
+riskiness NN I-NP
+of IN B-PP
+clients NNS B-NP
+' POS B-NP
+portfolios NNS I-NP
+. . O
+
+They PRP B-NP
+estimate VBP B-VP
+the DT B-NP
+return NN I-NP
+a DT B-NP
+person NN I-NP
+'s POS B-NP
+current JJ I-NP
+portfolio NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+generate VB I-VP
+over IN B-PP
+time NN B-NP
+, , O
+along IN B-CONJP
+with IN I-CONJP
+a DT B-NP
+standard JJ I-NP
+deviation NN I-NP
+that WDT B-NP
+suggests VBZ B-VP
+how WRB B-NP
+much JJ I-NP
+the DT B-NP
+return NN I-NP
+will MD B-VP
+vary VB I-VP
+year NN B-NP
+by IN B-PP
+year NN B-NP
+. . O
+
+They PRP B-NP
+try VBP B-VP
+to TO I-VP
+figure VB I-VP
+out RP B-PRT
+the IN B-NP
+long-term JJ I-NP
+results NNS I-NP
+the DT B-NP
+person NN I-NP
+needs VBZ B-VP
+to TO B-VP
+meet VB I-VP
+major JJ B-NP
+goals NNS I-NP
+. . O
+
+And CC O
+they PRP B-NP
+eyeball NN B-VP
+types NNS B-NP
+of IN B-PP
+risk NN B-NP
+that WDT B-NP
+are VBP B-VP
+not RB I-VP
+easily RB I-VP
+quantified VBN I-VP
+. . O
+
+The DT B-NP
+portfolios NNS I-NP
+of IN B-PP
+two CD B-NP
+hypothetical JJ I-NP
+families NNS I-NP
+, , O
+one CD B-NP
+a DT B-NP
+couple NN I-NP
+at IN B-PP
+retirement NN B-NP
+age NN I-NP
+and CC O
+another DT B-NP
+a DT B-NP
+two-income JJ I-NP
+couple NN I-NP
+at IN B-PP
+age NN B-NP
+45 CD I-NP
+, , O
+illustrate VB B-VP
+several JJ B-NP
+types NNS I-NP
+of IN B-PP
+risk NN B-NP
+that IN B-NP
+investors NNS B-NP
+need VBP B-VP
+to TO I-VP
+consider VB I-VP
+. . O
+
+For IN B-PP
+instance NN B-NP
+, , O
+the DT B-NP
+insured VBN I-NP
+municipal JJ I-NP
+bonds NNS I-NP
+that WDT B-NP
+dominate VBP B-VP
+the DT B-NP
+older JJR I-NP
+couple NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+were VBD B-VP
+probably RB I-VP
+selected VBN I-VP
+in IN B-PP
+large JJ B-NP
+part NN I-NP
+for IN B-PP
+their PRP$ B-NP
+low JJ I-NP
+repayment NN I-NP
+risk NN I-NP
+. . O
+
+But CC O
+they PRP B-NP
+expose VBP B-VP
+the DT B-NP
+holders NNS I-NP
+to TO B-PP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+inflation NN B-NP
+risk NN I-NP
+and CC O
+interest-rate NN B-NP
+risk NN I-NP
+. . O
+
+The DT B-NP
+younger JJR I-NP
+couple NN I-NP
+'s POS B-NP
+stockholdings NNS I-NP
+involve VBP B-VP
+more JJR B-NP
+risk NN I-NP
+than IN B-PP
+a DT B-NP
+diversified JJ I-NP
+stock NN I-NP
+portfolio NN I-NP
+because IN B-SBAR
+the DT B-NP
+bulk NN I-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+is VBZ B-VP
+in IN B-PP
+a DT B-NP
+single JJ I-NP
+issue NN I-NP
+. . O
+
+Note VB B-VP
+that IN B-SBAR
+the DT B-NP
+younger JJR I-NP
+couple NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+has VBZ B-VP
+a DT B-NP
+higher JJR I-NP
+expected VBN I-NP
+annual JJ I-NP
+return NN I-NP
+, , O
+10.1 CD B-NP
+% NN I-NP
+vs. IN O
+8.8 CD B-NP
+% NN I-NP
+, , O
+as IN B-SBAR
+calculated VBN B-VP
+by IN B-PP
+Seidman NNP B-NP
+Financial NNP I-NP
+Services NNPS I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+the DT B-NP
+financial-planning JJ I-NP
+affiliate NN I-NP
+of IN B-PP
+BDO NNP B-NP
+Seidman NNP I-NP
+. . O
+
+That DT B-NP
+largely RB B-VP
+reflects VBZ I-VP
+the DT B-NP
+heavy JJ I-NP
+stockholdings NNS I-NP
+. . O
+
+But CC O
+one CD B-NP
+price NN I-NP
+paid VBN B-VP
+for IN B-PP
+the DT B-NP
+higher JJR I-NP
+expected VBN I-NP
+return NN I-NP
+is VBZ B-VP
+greater RBR B-NP
+short-term JJ I-NP
+volatility NN I-NP
+, , O
+as IN B-SBAR
+reflected VBN B-VP
+in IN B-PP
+the DT B-NP
+higher JJR I-NP
+standard JJ I-NP
+deviation NN I-NP
+that IN B-NP
+Seidman NNP B-NP
+estimates NNS B-VP
+for IN B-PP
+the DT B-NP
+younger JJR I-NP
+couple NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+. . O
+
+-LRB- ( O
+Here RB B-ADVP
+'s POS B-VP
+how WRB B-ADVP
+to TO B-VP
+interpret VB I-VP
+a DT B-NP
+standard JJ I-NP
+deviation NN I-NP
+figure NN I-NP
+: : O
+Take VB B-VP
+the DT B-NP
+expected VBN I-NP
+return NN I-NP
+and CC O
+add VB B-VP
+one CD B-NP
+standard JJ I-NP
+deviation NN I-NP
+to TO B-PP
+it PRP B-NP
+. . O
+
+Then RB O
+take VB B-VP
+the DT B-NP
+expected VBN I-NP
+return NN I-NP
+and CC O
+subtract VB B-VP
+one CD B-NP
+standard JJ I-NP
+deviation NN I-NP
+. . O
+
+In IN B-PP
+two CD B-NP
+of IN I-NP
+three CD I-NP
+years NNS I-NP
+, , O
+the DT B-NP
+actual JJ I-NP
+result NN I-NP
+should MD B-VP
+fall VB I-VP
+within IN B-PP
+that DT B-NP
+range NN I-NP
+if IN B-SBAR
+all PDT B-NP
+the DT I-NP
+assumptions NNS I-NP
+were VBD B-VP
+accurate JJ B-ADJP
+. . O
+
+Then RB O
+add VB B-VP
+and CC I-VP
+subtract VB I-VP
+two CD B-NP
+standard JJ I-NP
+deviations NNS I-NP
+to TO B-VP
+get VB I-VP
+a DT B-NP
+wider JJR I-NP
+range NN I-NP
+. . O
+
+There EX B-NP
+'s VBZ B-VP
+a DT B-NP
+95 CD I-NP
+% NN I-NP
+probability NN I-NP
+any DT B-NP
+year NN I-NP
+'s POS B-NP
+result NN I-NP
+will MD B-VP
+fall VB I-VP
+in IN B-PP
+the DT B-NP
+range NN I-NP
+. . O
+-RRB- ) O
+
+Of IN B-PP
+course NN B-NP
+, , O
+the DT B-NP
+greater JJR I-NP
+volatility NN I-NP
+of IN B-PP
+the DT B-NP
+younger JJR I-NP
+couple NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+does VBZ B-VP
+n't RB I-VP
+necessarily RB I-VP
+mean VB I-VP
+those DT B-NP
+investments NNS I-NP
+are VBP B-VP
+riskier JJR B-ADJP
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+meeting VBG B-VP
+the DT B-NP
+holders NNS I-NP
+' POS B-NP
+long-term JJ I-NP
+goals NNS I-NP
+. . O
+
+Indeed RB B-ADVP
+, , O
+the DT B-NP
+older JJR I-NP
+couple NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+could MD B-VP
+actually RB I-VP
+be VB I-VP
+riskier JJR B-ADJP
+in IN B-PP
+that DT B-NP
+sense NN I-NP
+if IN B-SBAR
+the DT B-NP
+expected VBN I-NP
+return NN I-NP
+wo MD B-VP
+n't RB I-VP
+generate VB I-VP
+enough JJ B-NP
+dollars NNS I-NP
+to TO B-VP
+meet VB I-VP
+their PRP$ B-NP
+spending NN I-NP
+plans NNS I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+may MD B-VP
+feel VB I-VP
+emotionally RB B-ADJP
+secure VB I-ADJP
+now RB B-ADVP
+because IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+not RB O
+heavily RB B-ADVP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+John NNP B-NP
+H. NNP I-NP
+Cammack NNP I-NP
+, , O
+a DT B-NP
+financial JJ I-NP
+planner NN I-NP
+with IN B-PP
+Alexandra NNP B-NP
+Armstrong NNP I-NP
+Advisors NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+Washington NNP B-NP
+. . O
+
+`` `` O
+But CC O
+they PRP B-NP
+may MD B-VP
+pay VB I-VP
+a DT B-NP
+price NN I-NP
+10 CD B-NP
+or CC I-NP
+20 CD I-NP
+years NNS I-NP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+. . O
+'' '' O
+
+Ms. NNP B-NP
+Slater NNP I-NP
+reports NNS B-VP
+on IN B-PP
+personal JJ B-NP
+finance NN I-NP
+from IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+New NNP I-NP
+York NNP I-NP
+bureau NN I-NP
+. . O
+
+When WRB B-ADVP
+it PRP B-NP
+comes VBZ B-VP
+to TO B-PP
+investing VBG B-NP
+, , O
+trying VBG B-VP
+to TO I-VP
+weigh VB I-VP
+risk NN B-NP
+and CC I-NP
+reward NN I-NP
+can MD B-VP
+seem VB I-VP
+like IN B-PP
+throwing VBG B-VP
+darts NN B-NP
+blindfolded VBN B-ADVP
+: : O
+Investors NNS B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+the DT B-NP
+actual JJ I-NP
+returns NNS I-NP
+that IN B-NP
+securities NNS B-NP
+will MD B-VP
+deliver VB I-VP
+, , O
+or CC O
+the DT B-NP
+ups NNS I-NP
+and CC I-NP
+downs NNS I-NP
+that WDT B-NP
+will MD B-VP
+occur VB I-VP
+along IN B-PP
+the DT B-NP
+way NN I-NP
+. . O
+
+Looking VBG B-VP
+to TO B-PP
+the DT B-NP
+past NN I-NP
+can MD B-VP
+provide VB I-VP
+some DT B-NP
+clues NNS I-NP
+. . O
+
+Over IN B-PP
+several JJ B-NP
+decades NNS I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+investors NNS B-NP
+who WP B-NP
+put VBP B-VP
+up IN B-PRT
+with IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+'s POS B-NP
+gyrations NNS I-NP
+earned VBD B-VP
+returns NNS B-NP
+far RB B-ADVP
+in IN B-PP
+excess NN B-NP
+of IN B-PP
+those DT B-NP
+on IN B-PP
+bonds NNS B-NP
+and CC O
+`` `` B-NP
+cash NN I-NP
+'' '' I-NP
+investments NNS I-NP
+like IN B-PP
+Treasury NNP B-NP
+bills NNS I-NP
+. . O
+
+But CC O
+while IN B-SBAR
+history NN B-NP
+can MD B-VP
+suggest VB I-VP
+what WP B-NP
+is VBZ B-VP
+reasonable JJ B-ADJP
+to TO B-VP
+expect VB I-VP
+there EX B-NP
+'s VBZ B-VP
+no DT B-NP
+guarantee NN I-NP
+that IN B-SBAR
+the DT B-NP
+past NN I-NP
+will MD B-VP
+repeat VB I-VP
+itself PRP B-NP
+. . O
+
+For IN B-PP
+instance NN B-NP
+, , O
+some DT B-NP
+analysts NNS I-NP
+believe VBP B-VP
+bond NN B-NP
+returns NNS I-NP
+and CC I-NP
+volatility NN I-NP
+have VBP B-VP
+moved VBN I-VP
+permanently RB B-ADJP
+closer JJR I-ADJP
+to TO B-PP
+those DT B-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+And CC O
+returns NNS B-NP
+on IN B-PP
+cash NN B-NP
+investments NNS I-NP
+may MD B-VP
+continue VB I-VP
+to TO I-VP
+exceed VB I-VP
+inflation NN B-NP
+by IN B-PP
+a DT B-NP
+wider JJR I-NP
+margin NN I-NP
+than IN B-SBAR
+they PRP B-NP
+did VBD B-VP
+over IN B-PP
+the DT B-NP
+long-term JJ I-NP
+past NN I-NP
+. . O
+
+Portfolio NNP B-NP
+A DT I-NP
+: : O
+Retired NNP B-NP
+couple NN I-NP
+, , O
+age NN B-NP
+65 CD I-NP
+; : O
+$ $ B-NP
+400,000 CD I-NP
+portfolio NN I-NP
+. . O
+
+Portfolio NNP B-NP
+B NNP I-NP
+: : O
+Two-income NN B-NP
+couple NN I-NP
+, , O
+age NN B-NP
+45 CD I-NP
+; : O
+$ $ B-NP
+150,000 CD I-NP
+portfolio NN I-NP
+. . O
+
+A DT B-NP
+letter NN I-NP
+from IN B-PP
+Senator NNP B-NP
+John NNP I-NP
+Kerry NNP I-NP
+chides VBZ B-VP
+us PRP B-NP
+today NN B-NP
+for IN B-PP
+implying VBG B-VP
+that IN B-SBAR
+he PRP B-NP
+had VBD B-VP
+`` `` I-VP
+flip-flopped JJ I-VP
+'' '' O
+on IN B-PP
+Manuel NNP B-NP
+Noriega NNP I-NP
+. . O
+
+He PRP B-NP
+correctly RB B-VP
+says VBZ I-VP
+he PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+down RB B-ADJP
+on IN B-PP
+Noriega NNP B-NP
+for IN B-PP
+some DT B-NP
+time NN I-NP
+, , O
+hence RB B-ADVP
+his PRP$ B-NP
+criticism NN I-NP
+of IN B-PP
+administration NN B-NP
+mishandling VBG I-NP
+of IN B-PP
+the DT B-NP
+attempted VBN I-NP
+coup NN I-NP
+. . O
+
+Our PRP$ B-NP
+October NNP I-NP
+12 CD I-NP
+editorial NN I-NP
+should MD B-VP
+have VB I-VP
+been VBN I-VP
+more RBR B-ADJP
+precise JJ I-ADJP
+. . O
+
+It PRP B-NP
+meant VBD B-VP
+to TO I-VP
+convey VB I-VP
+our PRP$ B-NP
+hope NN I-NP
+that IN B-SBAR
+the DT B-NP
+Senator NNP I-NP
+and CC O
+other JJ B-NP
+members NNS I-NP
+of IN B-PP
+the DT B-NP
+congressional JJ I-NP
+left VBN I-NP
+are VBP B-VP
+broadening VBG I-VP
+their PRP$ B-NP
+dislike NN I-NP
+of IN B-PP
+Noriega NNP B-NP
+to TO B-VP
+include VB I-VP
+other JJ B-NP
+notorious JJ I-NP
+Central NNP I-NP
+American JJ I-NP
+drug NN I-NP
+runners NNS I-NP
+. . O
+
+The DT B-NP
+Sandinistas NNPS I-NP
+of IN B-PP
+Nicaragua NNP B-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+also RB B-ADVP
+are VBP B-VP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+Castro-Medellin NNP I-NP
+cartel NN I-NP
+nexus NN I-NP
+. . O
+
+In IN B-PP
+his PRP$ B-NP
+letter NN I-NP
+and CC B-PP
+on IN B-PP
+the DT B-NP
+basis NN I-NP
+of IN B-PP
+his PRP$ B-NP
+losing NN I-NP
+vote NN I-NP
+Tuesday NNP B-NP
+against IN B-PP
+U.S. NNP B-NP
+aid NN I-NP
+for IN B-PP
+the DT B-NP
+Nicaraguan JJ I-NP
+opposition NN I-NP
+, , O
+Senator NNP B-NP
+Kerry NNP I-NP
+makes VBZ B-VP
+clear JJ B-ADJP
+he PRP B-NP
+has VBZ B-VP
+not RB I-VP
+made VBN I-VP
+that IN B-NP
+intellectual JJ I-NP
+leap NN I-NP
+. . O
+
+We PRP B-NP
+were VBD B-VP
+wrong JJ B-ADJP
+. . O
+
+THROUGHOUT IN B-PP
+THE DT B-NP
+1980s CD I-NP
+, , O
+investors NNS B-NP
+have VBP B-VP
+been VBN I-VP
+looking VBG I-VP
+for IN B-PP
+creative JJ B-NP
+alternatives NNS I-NP
+to TO B-PP
+traditional JJ B-NP
+modes NNS I-NP
+of IN B-PP
+financial JJ B-NP
+planning NN I-NP
+. . O
+
+Capital NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+democratized VBN I-VP
+, , O
+and CC O
+people NNS B-NP
+want VBP B-VP
+in RB B-PRT
+. . O
+
+Too RB B-ADVP
+often RB I-ADVP
+, , O
+however RB B-ADVP
+, , O
+small JJ B-NP
+investors NNS I-NP
+are VBP B-VP
+left VBN I-VP
+with IN B-PP
+the DT B-NP
+same JJ I-NP
+stale JJ I-NP
+solutions NNS I-NP
+that WDT B-NP
+appealed VBD B-VP
+to TO B-PP
+previous JJ B-NP
+generations NNS I-NP
+of IN B-PP
+fiduciary JJ B-NP
+strategists NNS I-NP
+. . O
+
+Now RB B-ADVP
+a DT B-NP
+startling JJ I-NP
+new JJ I-NP
+approach NN I-NP
+is VBZ B-VP
+available JJ B-ADJP
+to TO B-PP
+building VBG B-VP
+your PRP$ B-NP
+financial JJ I-NP
+portfolio NN I-NP
+without IN B-PP
+undue JJ B-NP
+risk NN I-NP
+, , O
+without IN B-PP
+extensive JJ B-NP
+planning NN I-NP
+and CC B-PP
+without IN B-PP
+hurting VBG B-VP
+your PRP$ B-NP
+life NN I-NP
+style NN I-NP
+one CD B-NP
+bit NN I-NP
+! . O
+
+This DT B-NP
+is VBZ B-VP
+particularly RB B-NP
+good JJ I-NP
+news NN I-NP
+for IN B-PP
+those DT B-NP
+who WP B-NP
+hate VBP B-VP
+risk NN B-NP
+, , O
+who WP B-NP
+are VBP B-VP
+incapable NN B-ADJP
+of IN B-PP
+doing VBG B-VP
+extensive JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+planning NN B-NP
+and CC O
+who WP B-NP
+refuse VBP B-VP
+to TO I-VP
+see VB I-VP
+their PRP$ B-NP
+life NN I-NP
+styles NNS I-NP
+hurt VBN B-VP
+in IN B-PP
+any DT B-NP
+way NN I-NP
+. . O
+
+You PRP B-NP
+know VBP B-VP
+who WP B-NP
+you PRP B-NP
+are VBP B-VP
+. . O
+
+My PRP$ B-NP
+revolutionary JJ I-NP
+system NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+useful JJ B-ADJP
+for IN B-PP
+those DT B-NP
+who WP B-NP
+have VBP B-VP
+tried VBN I-VP
+customary JJ B-NP
+forms NNS I-NP
+of IN B-PP
+growing VBG B-VP
+their PRP$ B-NP
+currency NN I-NP
+cushion NN I-NP
+. . O
+
+Like IN B-PP
+all DT B-NP
+Americans NNPS I-NP
+seeking VBG B-VP
+chronic JJ B-NP
+prosperity NN I-NP
+, , O
+I PRP B-NP
+do VBP B-VP
+find VB I-VP
+it PRP B-NP
+necessary JJ B-ADJP
+to TO B-VP
+plunge VB I-VP
+certain JJ B-NP
+funds NNS I-NP
+into IN B-PP
+conservative JJ B-NP
+monetary JJ I-NP
+tools NNS I-NP
+, , O
+if IN B-SBAR
+only RB O
+to TO B-VP
+assuage VB I-VP
+my PRP$ B-NP
+father-in-law NN I-NP
+, , O
+who WP B-NP
+believes VBZ B-VP
+in IN B-PP
+such JJ B-NP
+things NNS I-NP
+. . O
+
+So RB O
+throughout IN B-PP
+the DT B-NP
+decade NN I-NP
+I PRP B-NP
+have VBP B-VP
+maintained VBN I-VP
+my PRP$ B-NP
+share NN I-NP
+of IN B-PP
+individual JJ B-NP
+retirement NN I-NP
+accounts NNS I-NP
+and CC O
+CDs NNS B-NP
+, , O
+and CC O
+tinkered VBN B-VP
+with IN B-PP
+stocks NNS B-NP
+, , O
+bonds NNS B-NP
+and CC O
+mutual JJ B-NP
+funds NNS I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+preserving VBG B-VP
+my PRP$ B-NP
+necessary JJ I-NP
+position NN I-NP
+in IN B-PP
+the DT B-NP
+residential JJ I-NP
+real-estate NN I-NP
+market NN I-NP
+. . O
+
+Return NN B-NP
+on IN B-PP
+this DT B-NP
+fine JJ I-NP
+portfolio NN I-NP
+has VBZ B-VP
+been VBN I-VP
+modest JJ B-ADJP
+when WRB B-ADVP
+it PRP B-NP
+has VBZ B-VP
+not RB I-VP
+been VBN I-VP
+negative JJ B-ADJP
+. . O
+
+Figure NN B-NP
+1 CD I-NP
+demonstrates VBZ B-VP
+the DT B-NP
+performance NN I-NP
+of IN B-PP
+those DT B-NP
+businesses NNS I-NP
+I PRP B-NP
+'ve VBP B-VP
+invested VBN I-VP
+in IN B-PP
+during IN B-PP
+this DT B-NP
+prosperous JJ I-NP
+decade NN I-NP
+-LRB- ( O
+see VB B-VP
+accompanying VBG B-NP
+illustration NN I-NP
+-- : O
+WSJ NNP B-NP
+Oct. NNP I-NP
+20 CD I-NP
+, , I-NP
+1989 CD I-NP
+-RRB- ) O
+. . O
+
+Oil-related JJ B-NP
+properties NNS I-NP
+suffered VBD B-VP
+a DT B-NP
+huge JJ I-NP
+decline NN I-NP
+until IN B-SBAR
+I PRP B-NP
+divested VBD B-VP
+myself PRP B-NP
+of IN B-PP
+all DT B-NP
+such JJ I-NP
+stocks NNS I-NP
+in IN B-PP
+1985 CD B-NP
+, , O
+at IN B-PP
+which WDT B-NP
+point VBP I-NP
+the DT B-NP
+industry NN I-NP
+, , O
+while IN B-SBAR
+not RB O
+lighting VBG B-VP
+up IN B-PRT
+any DT B-NP
+Christmas NNP I-NP
+trees NNS I-NP
+, , O
+began VBD B-VP
+a DT B-NP
+slow JJ I-NP
+recovery NN I-NP
+. . O
+
+Likewise RB B-ADVP
+, , O
+mutual JJ B-NP
+funds NNS I-NP
+remained VBD B-VP
+relatively RB B-ADJP
+flat JJ I-ADJP
+until IN B-SBAR
+I PRP B-NP
+made VBD B-VP
+what WP B-NP
+was VBD B-VP
+, , O
+for IN B-PP
+me PRP B-NP
+, , O
+a DT B-NP
+serious JJ I-NP
+investment NN I-NP
+. . O
+
+By IN B-PP
+1987 CD B-NP
+, , O
+these DT B-NP
+properties NNS I-NP
+were VBD B-VP
+in IN B-PP
+a DT B-NP
+tailspin NN I-NP
+, , O
+causing VBG B-VP
+my PRP$ B-NP
+broker NN I-NP
+at IN B-PP
+Pru-Bache NNP B-NP
+to TO B-VP
+remark VB I-VP
+that IN B-SBAR
+she PRP B-NP
+'d MD B-VP
+`` `` O
+never RB B-ADVP
+seen VBN B-VP
+anything NN B-NP
+like IN B-PP
+it PRP B-NP
+. . O
+'' '' O
+
+Concerned NNP B-ADJP
+for IN B-PP
+her PRP$ B-NP
+state NN I-NP
+of IN B-PP
+mind NN B-NP
+, , O
+I PRP B-NP
+dropped VBD B-VP
+them PRP B-NP
+-- : O
+and CC O
+the DT B-NP
+market NN I-NP
+instantly RB B-ADVP
+began VBD B-VP
+its PRP$ B-NP
+steady JJ I-NP
+climb NN I-NP
+back RB B-ADVP
+to TO B-PP
+health NN B-NP
+. . O
+
+Perhaps RB B-ADVP
+most RBS B-ADJP
+dramatic JJ I-ADJP
+was VBD B-VP
+the DT B-NP
+performance NN I-NP
+of IN B-PP
+the DT B-NP
+metropolitan JJ I-NP
+New NNP I-NP
+York NNP I-NP
+real-estate NN I-NP
+market NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+booming JJ I-VP
+until IN B-SBAR
+I PRP B-NP
+entered VBD B-VP
+it PRP B-NP
+in IN B-PP
+late JJ B-NP
+1988 CD I-NP
+, , O
+at IN B-PP
+which WDT B-NP
+time NN I-NP
+it PRP B-NP
+posted VBD B-VP
+the DT B-NP
+first JJ I-NP
+negative JJ I-NP
+compound NN I-NP
+annual JJ I-NP
+growth NN I-NP
+rate NN I-NP
+in IN B-PP
+years NNS B-NP
+. . O
+
+Disgusted VBN B-ADJP
+, , O
+I PRP B-NP
+cast VBP B-VP
+around IN B-PRT
+for IN B-PP
+a DT B-NP
+different JJ I-NP
+way NN I-NP
+to TO B-VP
+plan VB I-VP
+my PRP$ B-NP
+asset NN I-NP
+distribution NN I-NP
+, , O
+and CC O
+with IN B-PP
+hardly RB B-NP
+any DT I-NP
+heavy JJ I-NP
+breathing VBG I-NP
+the DT B-NP
+answer NN I-NP
+struck VBD B-VP
+me PRP B-NP
+: : O
+I PRP B-NP
+was VBD B-VP
+doing VBG I-VP
+it PRP B-NP
+already RB B-ADVP
+! . O
+
+We PRP B-NP
+'ve VBP B-VP
+all DT O
+got VBN B-VP
+money NN B-NP
+to TO B-VP
+spend VB I-VP
+, , O
+some DT B-NP
+of IN B-PP
+it PRP B-NP
+clearly RB B-ADJP
+disposable JJ I-ADJP
+since IN B-SBAR
+we PRP B-NP
+keep VBP B-VP
+disposing VBG I-VP
+of IN B-PP
+it PRP B-NP
+. . O
+
+Bank NNP B-VP
+it PRP B-NP
+? . O
+
+Not RB B-ADVP
+really RB I-ADVP
+! . O
+
+Sock VB B-VP
+it PRP B-NP
+away RB B-ADVP
+in IN B-PP
+long-term JJ B-NP
+instruments NNS I-NP
+? . O
+
+Nonsense NN B-NP
+! . O
+
+Daily NNP B-NP
+living VBG I-NP
+is VBZ B-VP
+the DT B-NP
+best JJS I-NP
+possible JJ I-NP
+investment NN I-NP
+! . O
+
+Your PRP$ B-NP
+priorities NNS I-NP
+may MD B-VP
+be VB I-VP
+different JJ B-ADJP
+, , O
+but CC O
+here RB B-ADVP
+in IN B-PP
+Figure NN B-NP
+2 CD I-NP
+is VBZ B-VP
+where WRB B-ADVP
+I PRP B-NP
+'ve VBP B-VP
+chosen VBN I-VP
+to TO I-VP
+build VB I-VP
+for IN B-PP
+the DT B-NP
+future NN I-NP
+: : O
+personal JJ B-NP
+space NN I-NP
+; : O
+automotive JJ B-NP
+pursuits NNS I-NP
+; : O
+children NNS B-NP
+'s POS B-NP
+toys NNS I-NP
+; : O
+gardening NN B-NP
+equipment NN I-NP
+, , O
+bulbs NNS B-NP
+and CC I-NP
+shrubs NNS I-NP
+; : O
+and CC O
+finally RB B-ADVP
+, , O
+entertainment NN B-NP
+, , O
+perhaps RB B-ADVP
+the DT B-NP
+best JJS I-NP
+investment NN I-NP
+of IN B-PP
+all DT B-NP
+. . O
+
+All DT B-NP
+have NN B-VP
+paid VBN I-VP
+off IN B-PRT
+for IN B-PP
+me PRP B-NP
+in IN B-PP
+double-digit JJ B-NP
+annual JJ I-NP
+growth NN I-NP
+and CC O
+continue VB B-VP
+to TO I-VP
+provide VB I-VP
+significant JJ B-NP
+potential NN I-NP
+. . O
+
+At IN B-ADVP
+least JJS I-ADVP
+, , O
+according VBG B-PP
+to TO B-PP
+my PRP$ B-NP
+calculations NNS I-NP
+. . O
+
+Personal JJ B-NP
+space NN I-NP
+-LRB- ( O
+Figure NN B-NP
+3 CD I-NP
+-RRB- ) O
+has VBZ B-VP
+grown VBN I-VP
+35 CD B-NP
+% NN I-NP
+annually RB B-ADVP
+over IN B-PP
+the DT B-NP
+course NN I-NP
+of IN B-PP
+the DT B-NP
+decade NN I-NP
+, , O
+a DT B-NP
+performance NN I-NP
+that WDT B-NP
+would MD B-VP
+compare VB I-VP
+positively RB B-ADVP
+with IN B-PP
+an DT B-NP
+investment NN I-NP
+in IN B-PP
+, , O
+say VBP B-ADVP
+, , O
+synthetic-leather JJ B-NP
+products NNS I-NP
+for IN B-PP
+the DT B-NP
+interiors NNS I-NP
+of IN B-PP
+cold-weather JJ B-NP
+vehicles NNS I-NP
+, , O
+which WDT B-NP
+my PRP$ B-NP
+cousin NN I-NP
+got VBD B-VP
+into IN B-PP
+and CC O
+sort NN B-VP
+of IN I-VP
+regrets VBZ I-VP
+to TO B-PP
+this DT B-NP
+day NN I-NP
+. . O
+
+The DT B-NP
+assortment NN I-NP
+of IN B-PP
+expensive JJ B-NP
+children NNS I-NP
+'s POS B-NP
+toys NNS I-NP
+that IN B-NP
+I PRP B-NP
+have VBP B-VP
+purchased VBN I-VP
+wisely RB B-ADVP
+at IN B-PP
+a DT B-NP
+host NN I-NP
+of IN B-PP
+discount-toy JJ B-NP
+brokerage NN I-NP
+firms NNS I-NP
+-LRB- ( O
+Figure NN B-NP
+4 CD I-NP
+-RRB- ) O
+has VBZ B-VP
+increased VBN I-VP
+handsomely RB B-ADVP
+in IN B-PP
+total JJ B-NP
+asset NN I-NP
+value NN I-NP
+far RB B-ADVP
+beyond IN B-PP
+any DT B-NP
+personal JJ I-NP
+investment NN I-NP
+except IN B-PP
+, , O
+perhaps RB B-ADVP
+, , O
+for IN B-PP
+my PRP$ B-NP
+record NN I-NP
+collection NN I-NP
+, , O
+whose WP$ B-NP
+worth JJ I-NP
+, , O
+I PRP B-NP
+think VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+safe JJ B-ADJP
+to TO B-VP
+say VB I-VP
+, , O
+is VBZ B-VP
+incalculable JJ B-ADJP
+. . O
+
+Continued VBN B-NP
+investment NN I-NP
+in IN B-PP
+my PRP$ B-NP
+1984 CD I-NP
+subcompact NN I-NP
+has VBZ B-VP
+been VBN I-VP
+part NN B-NP
+of IN B-PP
+my PRP$ B-NP
+strategy NN I-NP
+-LRB- ( O
+Figure NN B-NP
+5 NN I-NP
+-RRB- ) O
+, , O
+with IN B-PP
+present JJ B-NP
+annual JJ I-NP
+contributions NNS I-NP
+now RB B-ADVP
+equaling VBG B-VP
+more JJR B-NP
+than IN I-NP
+60 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+car NN I-NP
+'s POS B-NP
+original JJ I-NP
+value NN I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+my PRP$ B-NP
+calculations NNS I-NP
+, , O
+these DT B-NP
+outlays NNS I-NP
+should MD B-VP
+have VB I-VP
+brought VBN I-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+my PRP$ B-NP
+sedan NN I-NP
+to TO B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+22,000 CD I-NP
+on IN B-PP
+the DT B-NP
+open JJ I-NP
+market NN I-NP
+-LRB- ( O
+Figure NN B-NP
+6 CD I-NP
+-RRB- ) O
+, , O
+where WRB B-ADVP
+I PRP B-NP
+plan VBP B-VP
+to TO I-VP
+offer VB I-VP
+it PRP B-NP
+shortly RB B-ADVP
+. . O
+
+Expansion NN B-NP
+of IN B-PP
+my PRP$ B-NP
+living NN I-NP
+space NN I-NP
+has VBZ B-VP
+produced VBN I-VP
+an DT B-NP
+obvious JJ I-NP
+need NN I-NP
+for IN B-PP
+maintenance NN B-NP
+and CC I-NP
+construction NN I-NP
+of IN B-PP
+suitable JJ B-NP
+lawns NNS I-NP
+, , I-NP
+shrubs NNS I-NP
+and CC I-NP
+bushes NNS I-NP
+fitting JJ B-ADJP
+to TO B-PP
+its PRP$ B-NP
+suburban JJ I-NP
+locale NN I-NP
+. . O
+
+I PRP B-NP
+have VBP B-VP
+thus RB I-VP
+committed VBN I-VP
+sufficient JJ B-NP
+personal JJ I-NP
+outlay NN I-NP
+to TO B-VP
+ensure VB I-VP
+that IN B-SBAR
+my PRP$ B-NP
+grounds NNS I-NP
+and CC I-NP
+lodgings NNS I-NP
+will MD B-VP
+never RB I-VP
+be VB I-VP
+short NN B-ADJP
+of IN B-PP
+greens NNS B-NP
+and CC I-NP
+flowers NNS I-NP
+. . O
+
+My PRP$ B-NP
+initial JJ I-NP
+stake NN I-NP
+in IN B-PP
+this DT B-NP
+blooming VBG I-NP
+enterprise NN I-NP
+has VBZ B-VP
+grown VBN I-VP
+tenfold RB B-ADVP
+, , O
+according VBG B-PP
+to TO B-PP
+my PRP$ B-NP
+conservative JJ I-NP
+calculations NNS I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+my PRP$ B-NP
+share NN I-NP
+in IN B-PP
+a DT B-NP
+wide JJ I-NP
+variety NN I-NP
+of IN B-PP
+entertainment NN B-NP
+pursuits NNS I-NP
+has VBZ B-VP
+given VBN I-VP
+perhaps RB B-NP
+the DT I-NP
+most RBS I-NP
+dramatic JJ I-NP
+demonstration NN I-NP
+of IN B-PP
+the DT B-NP
+benefits NNS I-NP
+of IN B-PP
+creative JJ B-NP
+personal JJ I-NP
+financial JJ I-NP
+planning NN I-NP
+. . O
+
+Over IN B-PP
+the DT B-NP
+course NN I-NP
+of IN B-PP
+the DT B-NP
+decade NN I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+my PRP$ B-NP
+return NN I-NP
+on IN B-PP
+investment NN B-NP
+in IN B-PP
+the DT B-NP
+area NN I-NP
+of IN B-PP
+poker NN B-NP
+alone RB B-ADVP
+-LRB- ( O
+Figures NNS B-NP
+7A CD I-NP
+and CC I-NP
+7B CD I-NP
+-RRB- ) O
+has VBZ B-VP
+been VBN I-VP
+most RBS B-ADJP
+impressive JJ I-ADJP
+, , O
+showing VBG B-VP
+bodacious JJ B-NP
+annual JJ I-NP
+expansion NN I-NP
+with IN B-PP
+-- : O
+given VBN B-PP
+the DT B-NP
+way NN I-NP
+my PRP$ B-NP
+associates NNS I-NP
+play VBP B-VP
+-- : O
+no DT B-NP
+sign NN I-NP
+of IN B-PP
+abatement NN B-NP
+into IN B-PP
+the DT B-NP
+1990s CD I-NP
+and CC O
+beyond RB B-ADVP
+. . O
+
+With IN B-PP
+this DT B-NP
+personal JJ I-NP
+strategy NN I-NP
+firmly RB B-ADVP
+in IN B-PP
+place NN B-NP
+, , O
+I PRP B-NP
+look VBP B-VP
+forward RB B-ADVP
+to TO B-PP
+years NNS B-NP
+of IN B-PP
+fine JJ B-NP
+life-style NN I-NP
+investments NNS I-NP
+and CC O
+increasing VBG B-NP
+widespread JJ I-NP
+leverage NN I-NP
+. . O
+
+My PRP$ B-NP
+kids NNS I-NP
+' POS B-NP
+college NN I-NP
+education NN I-NP
+looms VBZ B-VP
+as IN B-PP
+perhaps RB B-NP
+the DT I-NP
+greatest JJS I-NP
+future NN I-NP
+opportunity NN I-NP
+for IN B-PP
+spending NN B-NP
+, , O
+although IN B-SBAR
+I PRP B-NP
+'ll MD B-VP
+probably RB I-VP
+have VB I-VP
+to TO I-VP
+cash VB I-VP
+in IN B-PRT
+their PRP$ B-NP
+toy NN I-NP
+portfolio NN I-NP
+to TO B-VP
+take VB I-VP
+advantage NN B-NP
+of IN B-PP
+it PRP B-NP
+. . O
+
+But CC O
+with IN B-PP
+every DT B-NP
+step NN I-NP
+I PRP B-NP
+take VBP B-VP
+, , O
+I PRP B-NP
+'m VBP B-VP
+building VBG I-VP
+wealth NN B-NP
+. . O
+
+You PRP B-NP
+can MD B-VP
+, , O
+too RB B-ADVP
+, , O
+if IN B-SBAR
+you PRP B-NP
+, , O
+like IN B-PP
+me PRP B-NP
+, , O
+refuse VB B-VP
+to TO I-VP
+bite VB I-VP
+the DT B-NP
+bullet NN I-NP
+. . O
+
+So RB O
+go VB B-VP
+out IN B-ADVP
+there EX I-ADVP
+and CC O
+eat VB B-VP
+that DT B-NP
+debt NN I-NP
+. . O
+
+You PRP B-NP
+'re VBP B-VP
+right NN B-NP
+there RB I-NP
+in IN B-PP
+the DT B-NP
+mainstream NN I-NP
+of IN B-PP
+American JJ B-NP
+business NN I-NP
+, , O
+building NN B-VP
+value NN B-NP
+on IN B-PP
+the DT B-NP
+back RB I-NP
+of IN B-PP
+insupportable JJ B-NP
+expenditures NNS I-NP
+. . O
+
+Henry NNP B-NP
+Kravis NNP I-NP
+, , O
+watch VB B-VP
+out RB B-PRT
+! . O
+
+Mr. NNP B-NP
+Schwartz NNP I-NP
+is VBZ B-VP
+a DT B-NP
+business NN I-NP
+executive NN I-NP
+and CC I-NP
+writer NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+WHEN WRB B-ADVP
+JAMES NNP B-NP
+SCHWARTZ NNP I-NP
+was VBD B-VP
+just RB B-NP
+a DT I-NP
+lad NN I-NP
+his PRP$ B-NP
+father NN I-NP
+gave VBD B-VP
+him PRP B-NP
+a DT B-NP
+piece NN I-NP
+of IN B-PP
+career NN B-NP
+advice NN I-NP
+. . O
+
+`` `` O
+He PRP B-NP
+told VBD B-VP
+me PRP B-NP
+to TO B-VP
+choose VB I-VP
+an DT B-NP
+area NN I-NP
+where WRB B-ADVP
+just RB B-ADVP
+by IN B-PP
+being VBG B-VP
+mediocre JJ B-ADJP
+I PRP B-NP
+could MD B-VP
+be VB I-VP
+great JJ B-ADJP
+, , O
+'' '' O
+recalls VBZ B-VP
+Mr. NNP B-NP
+Schwartz NNP I-NP
+, , O
+now RB B-ADVP
+40 CD B-NP
+. . O
+
+He PRP B-NP
+tried VBD B-VP
+management NN B-NP
+consulting NN I-NP
+, , O
+traded VBN B-VP
+in IN B-PP
+turquoise JJ B-NP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+, , O
+and CC O
+even RB B-ADVP
+managed VBD B-VP
+professional JJ B-NP
+wrestlers NNS I-NP
+. . O
+
+Now RB B-ADVP
+he PRP B-NP
+has VBZ B-VP
+settled VBN I-VP
+into IN B-PP
+a DT B-NP
+career NN I-NP
+that WDT B-NP
+fits VBZ B-VP
+the DT B-NP
+bill NN I-NP
+-- : O
+financial JJ B-NP
+planning NN I-NP
+. . O
+
+It PRP B-NP
+should MD B-VP
+be VB I-VP
+noted VBN I-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Schwartz NNP I-NP
+, , O
+who WP B-NP
+operates VBZ B-VP
+out IN B-ADVP
+of IN B-PP
+Englewood NNP B-NP
+, , O
+Colo. NNP B-NP
+, , O
+is VBZ B-VP
+a DT B-NP
+puckish JJ I-NP
+sort NN I-NP
+who WP B-NP
+likes VBZ B-VP
+to TO I-VP
+give VB I-VP
+his PRP$ B-NP
+colleagues NNS I-NP
+the DT B-NP
+needle NN I-NP
+. . O
+
+But CC O
+in IN B-PP
+this DT B-NP
+case NN I-NP
+the DT B-NP
+needle NN I-NP
+has VBZ B-VP
+a DT B-NP
+very RB I-NP
+sharp JJ I-NP
+point NN I-NP
+. . O
+
+Though IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+probably RB B-ADVP
+safe JJ B-ADJP
+to TO B-VP
+assume VB I-VP
+that IN B-SBAR
+the DT B-NP
+majority NN I-NP
+of IN B-PP
+financial JJ B-NP
+planners NNS I-NP
+are VBP B-VP
+honest JJ B-ADJP
+and CC B-ADJP
+even RB I-ADJP
+reasonably RB B-ADJP
+competent JJ I-ADJP
+, , O
+the DT B-NP
+fact NN I-NP
+remains VBZ B-VP
+that IN B-SBAR
+, , O
+as IN B-SBAR
+one CD B-NP
+wag NN I-NP
+puts VBZ B-VP
+it PRP B-NP
+, , O
+`` `` O
+anybody NN B-NP
+who WP B-NP
+can MD B-VP
+fog VB I-VP
+a DT B-NP
+mirror NN I-NP
+'' '' O
+can MD B-VP
+call VB I-VP
+himself PRP B-NP
+a DT B-NP
+financial JJ I-NP
+planner NN I-NP
+. . O
+
+Planners NNS B-NP
+now JJ B-ADVP
+influence NN B-VP
+the DT B-NP
+investment NN I-NP
+of IN B-PP
+several JJ B-NP
+hundred CD I-NP
+billion CD I-NP
+dollars NNS I-NP
+, , O
+but CC O
+in IN B-PP
+effect NN B-NP
+they PRP B-NP
+operate VBP B-VP
+in IN B-PP
+the DT B-NP
+dark NN I-NP
+. . O
+
+There EX B-NP
+is VBZ B-VP
+no DT B-NP
+effective JJ I-NP
+regulation NN I-NP
+of IN B-PP
+planners NNS B-NP
+, , O
+no DT B-NP
+accepted VBN I-NP
+standard JJ I-NP
+for IN B-PP
+admission NN B-NP
+into IN B-PP
+their PRP$ B-NP
+ranks NNS I-NP
+-- : O
+a DT B-NP
+dog NN I-NP
+got VBD B-VP
+into IN B-PP
+one CD B-NP
+trade NN I-NP
+group NN I-NP
+-- : O
+no DT B-NP
+way NN I-NP
+to TO B-VP
+assess VB I-VP
+their PRP$ B-NP
+performance NN I-NP
+, , O
+no DT B-NP
+way NN I-NP
+even RB B-NP
+to TO B-VP
+know VB I-VP
+how WRB B-NP
+many NN I-NP
+of IN B-PP
+them PRP B-NP
+there EX B-NP
+are VBP B-VP
+-LRB- ( O
+estimates NNS B-NP
+range VBP B-VP
+from IN B-PP
+60,000 CD B-NP
+to TO B-PP
+450,000 CD B-NP
+-RRB- ) O
+. . O
+
+All DT B-NP
+anyone NN B-NP
+need NN B-VP
+do VBP I-VP
+is VBZ B-VP
+hang VB B-VP
+up IN B-PRT
+a DT B-NP
+shingle NN I-NP
+and CC O
+start VB B-VP
+planning NN I-VP
+. . O
+
+So RB O
+it PRP B-NP
+should MD B-VP
+come VB I-VP
+as IN B-PP
+no DT B-NP
+shock NN I-NP
+that IN B-SBAR
+the DT B-NP
+profession NN I-NP
+, , O
+if IN B-SBAR
+that DT B-NP
+'s VBZ B-VP
+what WP B-NP
+it PRP B-NP
+is VBZ B-VP
+, , O
+has VBZ B-VP
+attracted VBN I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+people NNS B-NP
+whose WP$ B-NP
+principal JJ I-NP
+talents NNS I-NP
+seem VBP B-VP
+to TO I-VP
+be VB I-VP
+frittering VBG B-VP
+away RB B-PRT
+or CC O
+flat-out JJ B-VP
+stealing VBG I-VP
+their PRP$ B-NP
+clients NNS I-NP
+' POS B-NP
+money NN I-NP
+. . O
+
+Alarmed JJ B-ADJP
+, , O
+state NN B-NP
+and CC I-NP
+federal JJ I-NP
+authorities NNS I-NP
+are VBP B-VP
+trying VBG I-VP
+to TO I-VP
+devise VB I-VP
+ways NNS B-NP
+to TO B-VP
+certify VB I-VP
+and CC I-VP
+regulate VB I-VP
+planners NNS B-NP
+. . O
+
+Industry NN B-NP
+groups NNS I-NP
+and CC O
+reputable JJ B-NP
+planners NNS I-NP
+who WP B-NP
+are VBP B-VP
+members NNS B-NP
+of IN B-PP
+them PRP B-NP
+want VBP B-VP
+comprehensive JJ B-NP
+standards NNS I-NP
+, , O
+too RB B-ADVP
+; : O
+they PRP B-NP
+'re VBP B-VP
+tired VBN B-ADJP
+of IN B-PP
+seeing VBG B-VP
+practitioners NNS B-NP
+depicted VBN B-VP
+collectively RB B-ADVP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+press NN I-NP
+as IN B-PP
+dumber JJR B-ADJP
+than IN B-PP
+chimpanzees NNS B-NP
+and CC O
+greedier JJR B-ADJP
+than IN B-PP
+a DT B-NP
+herd NN I-NP
+of IN B-PP
+swine NNS B-NP
+. . O
+
+But CC O
+reform NN B-NP
+has VBZ B-VP
+n't RB I-VP
+taken VBN I-VP
+hold VB B-NP
+yet RB B-ADVP
+. . O
+
+`` `` O
+The DT B-NP
+industry NN I-NP
+is VBZ B-VP
+still RB B-ADVP
+pretty RB B-ADVP
+much JJ I-ADVP
+in IN B-PP
+its PRP$ B-NP
+Wild NNP I-NP
+West NNP I-NP
+days NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Scott NNP B-NP
+Stapf NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+investor NN B-NP
+education NN I-NP
+for IN B-PP
+the DT B-NP
+North NNP I-NP
+American NNP I-NP
+Securities NNPS I-NP
+Administrators NNP I-NP
+Association NNP I-NP
+. . O
+
+An DT B-NP
+admittedly RB I-NP
+limited JJ I-NP
+survey NN I-NP
+by IN B-PP
+NASAA NNP B-NP
+, , O
+whose WP$ B-NP
+members NNS I-NP
+are VBP B-VP
+state NN B-NP
+securities-law NN I-NP
+regulators NNS I-NP
+, , O
+found VBD B-VP
+that IN B-SBAR
+between IN B-PP
+1986 CD B-NP
+and CC I-NP
+1988 CD I-NP
+`` `` O
+fraud NN B-NP
+and CC I-NP
+abuse NN I-NP
+'' '' O
+by IN B-PP
+financial JJ B-NP
+planners NNS I-NP
+cost VBP B-VP
+22,000 CD B-NP
+investors NNS I-NP
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+rogues NNS I-NP
+' POS B-NP
+gallery NN I-NP
+of IN B-PP
+planners NNS B-NP
+involved VBN B-VP
+includes VBZ B-VP
+some DT B-NP
+convicted VBN I-NP
+felons NNS I-NP
+, , O
+a DT B-NP
+compulsive JJ I-NP
+gambler NN I-NP
+or CC I-NP
+two CD I-NP
+, , O
+various JJ B-NP
+businessmen NNS I-NP
+who WP B-NP
+had VBD B-VP
+planned VBN I-VP
+their PRP$ B-NP
+own JJ I-NP
+previous JJ I-NP
+ventures NNS I-NP
+right NN B-ADVP
+into IN B-PP
+bankruptcy NN B-NP
+, , O
+and CC O
+one CD B-NP
+man NN I-NP
+who WP B-NP
+scammed VBD B-VP
+his PRP$ B-NP
+wife NN I-NP
+'s POS B-NP
+grandmother NN I-NP
+. . O
+
+What WP B-NP
+'s VBZ B-VP
+more JJR B-NP
+, , O
+the DT B-NP
+losses NNS I-NP
+they PRP B-NP
+and CC O
+the DT B-NP
+others NNS I-NP
+caused VBN B-VP
+`` `` O
+are VBP B-VP
+just RB B-ADVP
+what WP B-NP
+we PRP B-NP
+are VBP B-VP
+stumbling VBG I-VP
+over IN B-PP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Stapf NNP I-NP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+the DT B-NP
+majority NN I-NP
+of IN B-PP
+misdeeds NNS B-NP
+probably RB B-ADVP
+go VBP B-VP
+undetected JJ B-ADJP
+. . O
+
+So RB B-ADVP
+do VBP B-VP
+just RB B-NP
+about IN I-NP
+all PDT I-NP
+the DT I-NP
+losses NNS I-NP
+that WDT B-NP
+could MD B-VP
+be VB I-VP
+attributed VBN I-VP
+to TO B-PP
+the DT B-NP
+sheer JJ I-NP
+incompetence NN I-NP
+of IN B-PP
+unqualified JJ B-NP
+planners NNS I-NP
+. . O
+
+Nobody NN B-NP
+can MD B-VP
+estimate VB I-VP
+the DT B-NP
+toll NN I-NP
+, , O
+but CC O
+John NNP B-NP
+Gargan NNP I-NP
+, , O
+a DT B-NP
+Tampa NNP I-NP
+, , I-NP
+Fla. NNP I-NP
+, , I-NP
+planner NN I-NP
+and CC O
+head NN B-NP
+of IN B-PP
+one CD B-NP
+trade NN I-NP
+group NN I-NP
+, , O
+the DT B-NP
+International NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Registered VBN B-NP
+Financial NNP I-NP
+Planners NNS I-NP
+, , O
+thinks VBZ B-VP
+the DT B-NP
+danger NN I-NP
+to TO B-PP
+investors NNS B-NP
+from IN B-PP
+incompetence NN B-NP
+is VBZ B-VP
+`` `` O
+humongous JJ B-ADJP
+, , O
+'' '' O
+far RB B-ADJP
+greater JJR I-ADJP
+than IN B-PP
+that DT B-NP
+from IN B-PP
+crookery NN B-NP
+. . O
+
+His PRP$ B-NP
+group NN I-NP
+, , O
+like IN B-PP
+others NNS B-NP
+, , O
+wants VBZ B-VP
+minimum JJ B-NP
+standards NNS I-NP
+applied VBN B-VP
+to TO B-PP
+all DT B-NP
+who WP B-NP
+call VBP B-VP
+themselves PRP B-NP
+financial JJ B-NP
+planners NNS I-NP
+. . O
+
+Surveying VBG B-VP
+all PDT B-NP
+this DT I-NP
+, , O
+some DT B-NP
+people NNS I-NP
+now RB B-ADVP
+think VBP B-VP
+the DT B-NP
+best JJS I-NP
+planner NN I-NP
+might MD B-VP
+be VB I-VP
+no DT B-NP
+planner NN I-NP
+at IN B-ADVP
+all DT I-ADVP
+. . O
+
+For IN B-PP
+most RBS B-NP
+investors NNS I-NP
+`` `` O
+the DT B-NP
+benefits NNS I-NP
+just RB B-ADVP
+are VBP B-VP
+n't RB O
+worth JJ B-ADJP
+the DT B-NP
+risks NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Barbara NNP B-NP
+Roper NNP I-NP
+, , O
+who WP B-NP
+follows VBZ B-VP
+financial-planning JJ B-NP
+issues NNS I-NP
+for IN B-PP
+the DT B-NP
+Consumer NNP I-NP
+Federation NNP I-NP
+of IN B-PP
+America NNP B-NP
+, , O
+a DT B-NP
+consumer-advocacy JJ I-NP
+organization NN I-NP
+based VBN B-VP
+in IN B-PP
+Washington NNP B-NP
+. . O
+
+She PRP B-NP
+concedes VBZ B-VP
+that IN B-SBAR
+such JJ B-NP
+a DT I-NP
+position NN I-NP
+is VBZ B-VP
+`` `` B-ADJP
+unfair JJ I-ADJP
+'' '' O
+to TO B-PP
+the DT B-NP
+thousands NNS I-NP
+of IN B-PP
+conscientious JJ B-NP
+and CC I-NP
+qualified VBN I-NP
+people NNS I-NP
+plying VBG B-VP
+the DT B-NP
+trade NN I-NP
+, , O
+but CC O
+as IN B-PP
+a DT B-NP
+consumer NN I-NP
+advocate NN I-NP
+she PRP B-NP
+feels VBZ B-VP
+impelled VBN I-VP
+to TO I-VP
+take VB I-VP
+it PRP B-NP
+. . O
+
+She PRP B-NP
+says VBZ B-VP
+her PRP$ B-NP
+group NN I-NP
+used VBN B-VP
+to TO I-VP
+give VB I-VP
+tips NNS B-NP
+on IN B-PP
+selecting VBG B-VP
+planners NNS B-NP
+-- : O
+check NN B-VP
+educational JJ B-NP
+and CC I-NP
+experience NN I-NP
+credentials NNS I-NP
+, , O
+consult VB B-VP
+regulators NNS B-NP
+and CC O
+Better NNP B-NP
+Business NNP I-NP
+Bureaus NNP I-NP
+-- : O
+but CC O
+found VBD B-VP
+that IN B-SBAR
+even RB B-NP
+some DT I-NP
+people NNS I-NP
+who WP B-NP
+took VBD B-VP
+these DT B-NP
+steps NNS I-NP
+`` `` O
+were VBD B-VP
+still RB I-VP
+getting VBG I-VP
+ripped VBN I-VP
+off IN B-PRT
+. . O
+'' '' O
+
+The DT B-NP
+bad JJ I-NP
+news NN I-NP
+, , O
+however RB B-ADVP
+, , O
+has VBZ B-VP
+n't RB I-VP
+been VBN I-VP
+bad JJ B-ADJP
+enough RB I-ADJP
+to TO B-VP
+kill VB I-VP
+the DT B-NP
+growing VBG I-NP
+demand NN I-NP
+for IN B-PP
+financial JJ B-NP
+planning NN I-NP
+. . O
+
+The DT B-NP
+Tax NNP I-NP
+Reform NNP I-NP
+Act NNP I-NP
+of IN B-PP
+1986 CD B-NP
+, , O
+which WDT B-NP
+eliminated VBD B-VP
+many JJ B-NP
+tax NN I-NP
+shelters NNS I-NP
+peddled VBN B-VP
+by IN B-PP
+planners NNS B-NP
+, , O
+and CC O
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+crash NN I-NP
+the DT B-NP
+next JJ I-NP
+year NN I-NP
+did VBD B-VP
+cause VBG I-VP
+a DT B-NP
+sharp JJ I-NP
+slump NN I-NP
+in IN B-PP
+such JJ B-NP
+demand NN I-NP
+, , O
+and CC O
+many JJ B-NP
+planners NNS I-NP
+had VBD B-VP
+to TO I-VP
+make VB I-VP
+an DT B-NP
+unplanned JJ I-NP
+exit NN I-NP
+from IN B-PP
+the DT B-NP
+business NN I-NP
+. . O
+
+But CC O
+membership NN B-NP
+in IN B-PP
+the DT B-NP
+International NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Financial NNP B-NP
+Planners NNS I-NP
+-LRB- ( O
+IAFP NNP B-NP
+-RRB- ) O
+, , O
+the DT B-NP
+industry NN I-NP
+'s POS B-NP
+biggest JJS I-NP
+trade NN I-NP
+group NN I-NP
+, , O
+is VBZ B-VP
+still RB B-ADVP
+nearly RB B-ADVP
+triple JJ I-ADVP
+what WP B-NP
+it PRP B-NP
+was VBD B-VP
+in IN B-PP
+1980 CD B-NP
+, , O
+and CC O
+it PRP B-NP
+'s VBZ B-VP
+believed VBD I-VP
+that IN B-SBAR
+the DT B-NP
+ranks NNS I-NP
+of IN B-PP
+planners NNS B-NP
+who WP B-NP
+do VBP B-VP
+n't RB I-VP
+belong VB I-VP
+to TO B-PP
+any DT B-NP
+group NN I-NP
+have VBP B-VP
+soared VBN I-VP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+An DT B-NP
+estimated VBN I-NP
+10 CD I-NP
+million CD I-NP
+Americans NNPS I-NP
+are VBP B-VP
+now RB I-VP
+using VBG I-VP
+financial JJ B-NP
+planners NNS I-NP
+, , O
+and CC O
+the DT B-NP
+pool NN I-NP
+of IN B-PP
+capital NN B-NP
+they PRP B-NP
+influence VBP B-VP
+is VBZ B-VP
+enormous JJ B-ADJP
+. . O
+
+A DT B-NP
+survey NN I-NP
+of IN B-PP
+54,000 CD B-NP
+of IN B-PP
+them PRP B-NP
+conducted VBN B-VP
+by IN B-PP
+the DT B-NP
+IAFP NNP I-NP
+in IN B-PP
+April NNP B-NP
+showed VBD B-VP
+that IN B-SBAR
+these DT B-NP
+practitioners NNS I-NP
+alone RB B-ADVP
+had VBD B-VP
+controlled VBN I-VP
+or CC I-VP
+guided VBD I-VP
+the DT B-NP
+investment NN I-NP
+of IN B-PP
+$ $ B-NP
+154 CD I-NP
+billion CD I-NP
+of IN B-PP
+their PRP$ B-NP
+clients NNS I-NP
+' POS B-NP
+money NN I-NP
+in IN B-PP
+the DT B-NP
+previous JJ I-NP
+12 CD I-NP
+months NNS I-NP
+. . O
+
+The DT B-NP
+sheer JJ I-NP
+number NN I-NP
+of IN B-PP
+planners NNS B-NP
+makes VBZ B-VP
+the DT B-NP
+business NN I-NP
+extremely RB B-ADJP
+difficult JJ I-ADJP
+, , O
+if IN B-CONJP
+not RB I-CONJP
+impossible JJ B-ADJP
+, , O
+to TO B-VP
+regulate VB I-VP
+. . O
+
+Even RB B-NP
+the DT I-NP
+minority NN I-NP
+of IN B-PP
+them PRP B-NP
+who WP B-NP
+must MD B-VP
+register VB I-VP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+as IN B-PP
+`` `` O
+investment NN B-NP
+advisers NNS I-NP
+'' '' O
+-- : O
+people NNS B-NP
+who WP B-NP
+are VBP B-VP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+of IN B-PP
+counseling NN B-VP
+others NNS B-NP
+on IN B-PP
+the DT B-NP
+buying VBG I-NP
+and CC I-NP
+selling VBG I-NP
+of IN B-PP
+securities NNS B-NP
+specifically RB B-ADVP
+-- : O
+have VBP B-VP
+been VBN I-VP
+enough RB B-ADJP
+to TO B-VP
+swamp VB I-VP
+the DT B-NP
+agency NN I-NP
+'s POS B-NP
+capacity NN I-NP
+. . O
+
+The DT B-NP
+SEC NNP I-NP
+has VBZ B-VP
+only RB B-NP
+about IN I-NP
+200 CD I-NP
+staffers NNS I-NP
+assigned VBN B-VP
+to TO I-VP
+keep VB I-VP
+tabs NNS B-NP
+on IN B-PP
+investment NN B-NP
+advisers NNS I-NP
+-- : O
+about IN B-NP
+the DT I-NP
+same JJ I-NP
+as IN B-PP
+in IN B-PP
+1980 CD B-NP
+-- : O
+even RB B-SBAR
+though IN I-SBAR
+the DT B-NP
+number NN I-NP
+of IN B-PP
+advisers NNS B-NP
+has VBZ B-VP
+tripled VBN I-VP
+to TO B-PP
+about IN B-NP
+15,000 CD I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+decade NN I-NP
+. . O
+
+Currently RB B-ADVP
+, , O
+a DT B-NP
+registered VBN I-NP
+investment NN I-NP
+adviser NN I-NP
+can MD B-VP
+expect VB I-VP
+an DT B-NP
+SEC NNP I-NP
+audit NN I-NP
+only RB B-ADVP
+once RB I-ADVP
+every DT B-NP
+12 CD I-NP
+years NNS I-NP
+. . O
+
+A DT B-NP
+lot NN I-NP
+of IN B-PP
+bad JJ B-NP
+things NNS I-NP
+can MD B-VP
+happen VB I-VP
+in IN B-PP
+12 CD B-NP
+years NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+take VB I-VP
+a DT B-NP
+rocket NN I-NP
+scientist NN I-NP
+to TO B-VP
+figure VB I-VP
+out IN B-PRT
+our PRP$ B-NP
+problem NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Kathryn NNP B-NP
+McGrath NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+the DT B-NP
+SEC NNP I-NP
+'s POS B-NP
+division NN I-NP
+of IN B-PP
+investment NN B-NP
+management NN I-NP
+. . O
+
+So RB O
+the DT B-NP
+SEC NNP I-NP
+has VBZ B-VP
+proposed VBN I-VP
+to TO B-PP
+Congress NNP B-NP
+that IN B-SBAR
+much NN B-NP
+of IN B-PP
+the DT B-NP
+job NN I-NP
+of IN B-PP
+oversight NN B-NP
+be VB B-VP
+turned VBN I-VP
+over IN B-PRT
+to TO B-PP
+an DT B-NP
+industry-funded JJ I-NP
+, , I-NP
+self-regulatory JJ I-NP
+organization NN I-NP
+patterned VBN B-VP
+on IN B-PP
+the DT B-NP
+National NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Securities NNPS B-NP
+Dealers NNS I-NP
+, , O
+which WDT B-NP
+operates VBZ B-VP
+in IN B-PP
+the DT B-NP
+brokerage NN I-NP
+business NN I-NP
+. . O
+
+Such JJ B-NP
+an DT I-NP
+organization NN I-NP
+could MD B-VP
+, , O
+among IN B-PP
+other JJ B-NP
+things NNS I-NP
+, , O
+set VBN B-VP
+minimum JJ B-NP
+standards NNS I-NP
+for IN B-PP
+competence NN B-NP
+, , I-NP
+ethics NNS I-NP
+and CC I-NP
+finances NNS I-NP
+and CC O
+punish VB B-VP
+those DT B-NP
+investment NN I-NP
+advisers NNS I-NP
+who WP B-NP
+broke VBD B-VP
+the DT B-NP
+rules NNS I-NP
+. . O
+
+The DT B-NP
+proposal NN I-NP
+has VBZ B-VP
+set VBN I-VP
+off IN B-PRT
+a DT B-NP
+lively JJ I-NP
+debate NN I-NP
+within IN B-PP
+an DT B-NP
+industry NN I-NP
+that WDT B-NP
+was VBD B-VP
+far RB B-ADJP
+from IN B-PP
+united VBN B-ADJP
+to TO B-ADVP
+begin VB I-ADVP
+with RB I-ADVP
+. . O
+
+Mr. NNP B-NP
+Schwartz NNP I-NP
+, , O
+the DT B-NP
+puckish JJ I-NP
+planner NN I-NP
+from IN B-PP
+Englewood NNP B-NP
+, , O
+Colo. NNP B-NP
+, , O
+says VBZ B-VP
+that IN B-SBAR
+allowing VBG B-VP
+the DT B-NP
+business NN I-NP
+to TO B-VP
+police VB I-VP
+itself PRP B-NP
+would MD B-VP
+be VB I-VP
+`` `` O
+like IN B-PP
+putting VBG B-VP
+Dracula NNP B-NP
+in IN B-PP
+charge NN B-NP
+of IN B-PP
+the DT B-NP
+blood NN I-NP
+bank NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Gargan NNP I-NP
+, , O
+the DT B-NP
+Tampa NNP I-NP
+planner NN I-NP
+who WP B-NP
+heads VBZ B-VP
+one CD B-NP
+trade NN I-NP
+group NN I-NP
+, , O
+favors VBZ B-VP
+simply RB B-ADVP
+assessing VBG B-VP
+the DT B-NP
+industry NN I-NP
+and CC O
+giving VBG B-VP
+the DT B-NP
+money NN I-NP
+to TO B-PP
+the DT B-NP
+SEC NNP I-NP
+to TO B-VP
+hire VB I-VP
+more JJR B-NP
+staff NN I-NP
+. . O
+
+-LRB- ( O
+Mr. NNP B-NP
+Gargan NNP I-NP
+'s POS B-NP
+views NNS I-NP
+are VBP B-VP
+not RB I-VP
+greeted VBN I-VP
+with IN B-PP
+wild JJ B-NP
+enthusiasm NN I-NP
+over IN B-ADVP
+at IN B-PP
+the DT B-NP
+IAFP NNP I-NP
+, , O
+the DT B-NP
+major JJ I-NP
+industry NN I-NP
+organization NN I-NP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+IAFP NNP I-NP
+recently RB B-ADVP
+assembled VBD B-VP
+other JJ B-NP
+industry NN I-NP
+groups NNS I-NP
+to TO B-VP
+discuss VB I-VP
+common JJ B-NP
+standards NNS I-NP
+that WDT B-NP
+might MD B-VP
+be VB I-VP
+applied VBN I-VP
+to TO B-PP
+planners NNS B-NP
+, , O
+Mr. NNP B-NP
+Gargan NNP I-NP
+'s POS B-NP
+group NN I-NP
+was VBD B-VP
+excluded VBN I-VP
+. . O
+
+That DT B-NP
+may MD B-VP
+be VB I-VP
+because IN B-SBAR
+Mr. NNP B-NP
+Gargan NNP I-NP
+, , O
+smarting VBG B-VP
+at IN B-PP
+what WP B-NP
+he PRP B-NP
+considered VBD B-VP
+slurs NNS B-NP
+on IN B-PP
+his PRP$ B-NP
+membership NN I-NP
+standards NNS I-NP
+made VBN B-VP
+by IN B-PP
+the DT B-NP
+rival JJ I-NP
+group NN I-NP
+, , O
+enrolled VBD B-VP
+his PRP$ B-NP
+dog NN I-NP
+, , O
+Beauregard NNP B-NP
+, , O
+as IN B-PP
+a DT B-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+IAFP NNP I-NP
+. . O
+
+Then RB O
+he PRP B-NP
+sent VBD B-VP
+the DT B-NP
+pooch NN I-NP
+'s POS B-NP
+picture NN I-NP
+with IN B-PP
+the DT B-NP
+certificate NN I-NP
+of IN B-PP
+membership NN B-NP
+-- : O
+it PRP B-NP
+was VBD B-VP
+made VBN I-VP
+out IN B-PRT
+to TO B-PP
+`` `` O
+Boris NNP B-NP
+` `` I-NP
+Bo NNP I-NP
+' '' I-NP
+Regaard NNP I-NP
+'' '' O
+-- : O
+to TO B-PP
+every DT B-NP
+newspaper NN I-NP
+he PRP B-NP
+could MD B-VP
+think VB I-VP
+of IN B-PP
+. . O
+-RRB- ) O
+
+The DT B-NP
+states NNS I-NP
+have VBP B-VP
+their PRP$ B-NP
+own JJ I-NP
+ideas NNS I-NP
+about IN B-PP
+regulation NN B-NP
+and CC I-NP
+certification NN I-NP
+. . O
+
+NASAA NNP B-NP
+, , O
+the DT B-NP
+organization NN I-NP
+of IN B-PP
+state NN B-NP
+securities NNS I-NP
+regulators NNS I-NP
+, , O
+is VBZ B-VP
+pushing VBG I-VP
+for IN B-PP
+a DT B-NP
+model NN I-NP
+regulatory JJ I-NP
+statute NN I-NP
+already RB B-VP
+adopted VBD I-VP
+in IN B-PP
+eight CD B-NP
+states NNS I-NP
+. . O
+
+It PRP B-NP
+requires VBZ B-VP
+financial JJ B-NP
+planners NNS I-NP
+to TO B-VP
+register VB I-VP
+with IN B-PP
+states NNS B-NP
+, , O
+pass VB B-VP
+competency NN B-NP
+tests NNS I-NP
+and CC O
+reveal VB B-VP
+to TO B-PP
+customers NNS B-NP
+any DT B-NP
+conflicts NNS I-NP
+of IN B-PP
+interest NN B-NP
+. . O
+
+The DT B-NP
+most RBS I-NP
+common JJ I-NP
+conflict NN I-NP
+involves VBZ B-VP
+compensation NN B-NP
+. . O
+
+NASAA NNP B-NP
+estimates NNS B-VP
+that IN B-SBAR
+nearly RB B-NP
+90 CD I-NP
+% NN I-NP
+of IN B-PP
+planners NNS B-NP
+receive VBP B-VP
+some DT B-NP
+or CC I-NP
+all DT I-NP
+of IN B-PP
+their PRP$ B-NP
+income NN I-NP
+from IN B-PP
+sales NNS B-NP
+commissions NNS I-NP
+on IN B-PP
+securities NNS B-NP
+, , O
+insurance NN B-NP
+and CC O
+other JJ B-NP
+financial JJ I-NP
+products NNS I-NP
+they PRP B-NP
+recommend VBP B-VP
+. . O
+
+The DT B-NP
+issue NN I-NP
+: : O
+Is VBZ O
+the DT B-NP
+planner NN I-NP
+putting VBG B-VP
+his PRP$ B-NP
+clients NNS I-NP
+into IN B-PP
+the DT B-NP
+best JJS I-NP
+investments NNS I-NP
+, , O
+or CC O
+the DT B-NP
+ones NNS I-NP
+that WDT B-NP
+garner VBP B-VP
+the DT B-NP
+biggest JJS I-NP
+commissions NNS I-NP
+? . O
+
+In IN B-PP
+1986 CD B-NP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+attorney NN I-NP
+general NN I-NP
+'s POS B-NP
+office NN I-NP
+got VBD B-VP
+an DT B-NP
+order NN I-NP
+from IN B-PP
+a DT B-NP
+state NN I-NP
+court NN I-NP
+in IN B-PP
+Albany NNP B-NP
+shutting VBG B-VP
+down RB B-PRT
+First NNP B-NP
+Meridian NNP I-NP
+Corp. NNP I-NP
+, , O
+an DT B-NP
+Albany NNP I-NP
+financial-planning JJ I-NP
+firm NN I-NP
+that WDT B-NP
+had VBD B-VP
+invested VBN I-VP
+$ $ B-NP
+55 NN I-NP
+million CD I-NP
+on IN B-PP
+behalf NN B-NP
+of IN B-PP
+nearly RB B-NP
+1,000 CD I-NP
+investors NNS I-NP
+. . O
+
+In IN B-PP
+its PRP$ B-NP
+notice NN I-NP
+of IN B-PP
+action NN B-NP
+, , O
+the DT B-NP
+attorney NN I-NP
+general NN I-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+had VBD B-VP
+promised VBN I-VP
+to TO I-VP
+put VB I-VP
+clients NNS B-NP
+into IN B-PP
+`` `` B-NP
+balanced JJ I-NP
+'' '' I-NP
+investment NN I-NP
+portfolios NNS I-NP
+; : O
+instead RB B-ADVP
+, , O
+the DT B-NP
+attorney NN I-NP
+general JJ I-NP
+alleged VBN B-VP
+, , O
+the DT B-NP
+company NN I-NP
+consistently RB B-VP
+shoved VBD I-VP
+unwary JJ B-NP
+customers NNS I-NP
+into IN B-PP
+high-risk JJ B-NP
+investments NNS I-NP
+in IN B-PP
+paintings NNS B-NP
+, , O
+coins NNS B-NP
+and CC O
+Florida NNP B-NP
+condos NNS I-NP
+. . O
+
+Those DT B-NP
+investments NNS I-NP
+paid VBD B-VP
+big JJ B-NP
+commissions NNS I-NP
+to TO B-PP
+First NNP B-NP
+Meridian NNP I-NP
+, , O
+payments NNS B-NP
+investors NNS B-NP
+were VBD B-VP
+never RB I-VP
+told VBN I-VP
+about IN B-PP
+, , O
+the DT B-NP
+attorney NN I-NP
+general JJ I-NP
+alleged VBN B-VP
+. . O
+
+Investors NNS B-NP
+were VBD B-VP
+further RB I-VP
+assured VBN I-VP
+that IN B-SBAR
+only RB B-NP
+those DT I-NP
+with IN B-PP
+a DT B-NP
+minimun NN I-NP
+net JJ I-NP
+worth NN I-NP
+would MD B-VP
+be VB I-VP
+accepted VBN I-VP
+. . O
+
+In IN B-PP
+practice NN B-NP
+, , O
+the DT B-NP
+attorney NN I-NP
+general JJ I-NP
+alleged VBN B-VP
+in IN B-PP
+an DT B-NP
+affidavit NN I-NP
+, , O
+if IN B-SBAR
+an DT B-NP
+investor NN I-NP
+had VBD B-VP
+access NN B-NP
+to TO B-PP
+cash VB B-NP
+`` `` O
+the DT B-NP
+chances NNS I-NP
+of IN B-PP
+being VBG B-VP
+turned VBN I-VP
+down RB B-PRT
+by IN B-PP
+First NNP B-NP
+Meridian NNP I-NP
+were VBD B-VP
+about IN B-ADJP
+as RB I-ADJP
+probable JJ I-ADJP
+as IN B-PP
+being VBG B-VP
+rejected VBN I-VP
+by IN B-PP
+the DT B-NP
+Book-of-the-Month NNP I-NP
+Club NNP I-NP
+. . O
+'' '' O
+
+And CC O
+, , O
+the DT B-NP
+attorney NN I-NP
+general NN I-NP
+added VBD B-VP
+, , O
+First NNP B-NP
+Meridian NNP I-NP
+'s POS B-NP
+president NN I-NP
+, , O
+Roger NNP B-NP
+V. NNP I-NP
+Sala NNP I-NP
+, , O
+portrayed VBD B-VP
+himself PRP B-NP
+as IN B-PP
+a DT B-NP
+`` `` I-NP
+financial JJ I-NP
+expert NN I-NP
+'' '' O
+when WRB B-ADVP
+his PRP$ B-NP
+qualifications NNS I-NP
+largely RB B-VP
+consisted VBD I-VP
+of IN B-PP
+a DT B-NP
+high-school NN I-NP
+diploma NN I-NP
+, , O
+work NN B-NP
+as IN B-PP
+a DT B-NP
+real-estate NN I-NP
+and CC I-NP
+insurance NN I-NP
+salesman NN I-NP
+, , O
+and CC O
+a DT B-NP
+stint NN I-NP
+as IN B-PP
+supervisor NN B-NP
+at IN B-PP
+a DT B-NP
+highway NN I-NP
+toll NN I-NP
+booth NN I-NP
+. . O
+
+First NNP B-NP
+Meridian NNP I-NP
+and CC O
+its PRP$ B-NP
+officials NNS I-NP
+are VBP B-VP
+currently RB B-ADVP
+under IN B-PP
+investigation NN B-NP
+for IN B-PP
+possible JJ B-NP
+criminal JJ I-NP
+wrongdoing NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+the DT B-NP
+attorney NN I-NP
+general JJ I-NP
+. . O
+
+Harry NNP B-NP
+Manion NNP I-NP
+, , O
+Mr. NNP B-NP
+Sala NNP I-NP
+'s POS B-NP
+attorney NN I-NP
+, , O
+says VBZ B-VP
+his PRP$ B-NP
+client NN I-NP
+denies VBZ B-VP
+any DT B-NP
+wrongdoing NN I-NP
+and CC O
+adds VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+attorney NN I-NP
+general NN I-NP
+'s POS B-NP
+contentions NNS I-NP
+about IN B-PP
+First NNP B-NP
+Meridian NNP I-NP
+'s POS B-NP
+business NN I-NP
+practices NNS I-NP
+are VBP B-VP
+incorrect JJ B-ADJP
+. . O
+
+As IN B-PP
+for IN B-PP
+Mr. NNP B-NP
+Sala NNP I-NP
+'s POS B-NP
+qualifications NNS I-NP
+, , O
+`` `` O
+the DT B-NP
+snooty JJ I-NP
+attorneys NNS I-NP
+for IN B-PP
+the DT B-NP
+state NN I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+decided VBD B-VP
+Mr. NNP B-NP
+Sala NNP I-NP
+was VBD B-VP
+n't RB O
+qualified VBN B-ADJP
+because IN B-SBAR
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+have VB I-VP
+a DT B-NP
+Harvard NNP I-NP
+degree NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Manion NNP I-NP
+. . O
+
+Civil JJ B-NP
+suits NNS I-NP
+against IN B-PP
+planners NNS B-NP
+by IN B-PP
+clients NNS B-NP
+seeking VBG B-VP
+recovery NN B-NP
+of IN B-PP
+funds NNS B-NP
+are VBP B-VP
+increasingly RB B-ADJP
+common JJ I-ADJP
+. . O
+
+Two CD B-NP
+such JJ I-NP
+actions NNS I-NP
+, , O
+both DT B-NP
+filed VBN B-VP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+in IN B-PP
+Georgia NNP B-NP
+state NN I-NP
+court NN I-NP
+in IN B-PP
+Atlanta NNP B-NP
+, , O
+could MD B-VP
+be VB I-VP
+particularly RB B-ADJP
+embarrassing JJ I-ADJP
+to TO B-PP
+the DT B-NP
+industry NN I-NP
+: : O
+both DT B-NP
+name NN B-VP
+J. NNP B-NP
+Chandler NNP I-NP
+Peterson NNP I-NP
+, , O
+an DT B-NP
+Atlanta NNP I-NP
+financial JJ I-NP
+planner NN I-NP
+who WP B-NP
+is VBZ B-VP
+a DT B-NP
+founder NN I-NP
+and CC I-NP
+past JJ I-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+IAFP NNP I-NP
+, , O
+as IN B-PP
+defendant NN B-NP
+. . O
+
+One CD B-NP
+suit NN I-NP
+, , O
+filed VBN B-VP
+by IN B-PP
+more JJR B-NP
+than IN I-NP
+three CD I-NP
+dozen NN I-NP
+investors NNS I-NP
+, , O
+charges VBZ B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Peterson NNP I-NP
+misused VBD B-VP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+$ $ I-NP
+9.7 CD I-NP
+million CD I-NP
+put VB B-VP
+into IN B-PP
+a DT B-NP
+limited JJ I-NP
+partnership NN I-NP
+that IN B-NP
+he PRP B-NP
+operated VBD B-VP
+and CC I-VP
+promoted VBN I-VP
+, , O
+spending VBG B-VP
+some DT B-NP
+of IN B-PP
+it PRP B-NP
+to TO B-VP
+pay VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+legal JJ I-NP
+bills NNS I-NP
+and CC O
+to TO B-VP
+invest VB I-VP
+in IN B-PP
+other JJ B-NP
+companies NNS I-NP
+in IN B-PP
+which WDT B-NP
+he PRP B-NP
+had VBD B-VP
+an DT B-NP
+interest NN I-NP
+. . O
+
+Those DT B-NP
+companies NNS I-NP
+, , O
+in IN B-PP
+turn NN B-NP
+, , O
+paid VBN B-VP
+Mr. NNP B-NP
+Peterson NNP I-NP
+commissions VBZ B-NP
+and CC I-NP
+fees NNS I-NP
+, , O
+the DT B-NP
+suit NN I-NP
+alleges NNS B-VP
+. . O
+
+The DT B-NP
+other JJ I-NP
+suit NN I-NP
+was VBD B-VP
+filed VBN I-VP
+by IN B-PP
+two CD B-NP
+men NNS I-NP
+in IN B-PP
+a DT B-NP
+dispute NN I-NP
+over IN B-PP
+$ $ B-NP
+100,000 CD I-NP
+investments NNS I-NP
+each DT B-NP
+says VBZ B-VP
+he PRP B-NP
+made VBD B-VP
+with IN B-PP
+Mr. NNP B-NP
+Peterson NNP I-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+purchase VB I-VP
+the DT B-NP
+Bank NNP I-NP
+of IN B-PP
+Scottsdale NNP B-NP
+in IN B-PP
+Scottsdale NNP B-NP
+, , O
+Ariz NNP B-NP
+. . O
+
+One CD B-NP
+plaintiff NN I-NP
+, , O
+a DT B-NP
+doctor NN I-NP
+, , O
+testified VBD B-VP
+in IN B-PP
+an DT B-NP
+affidavit NN I-NP
+that IN B-SBAR
+he PRP B-NP
+also RB B-ADVP
+gave VBD B-VP
+Mr. NNP B-NP
+Peterson NNP I-NP
+$ $ B-NP
+50,000 CD I-NP
+to TO B-VP
+join VB I-VP
+a DT B-NP
+sort NN I-NP
+of IN B-PP
+investment NN B-NP
+club NN I-NP
+which WDT B-NP
+essentially RB B-ADVP
+gave VBD B-VP
+the DT B-NP
+physician NN I-NP
+`` `` O
+the DT B-NP
+privilege NN I-NP
+of IN B-PP
+making VBG B-VP
+additional JJ B-NP
+investments NNS I-NP
+'' '' O
+with IN B-PP
+Mr. NNP B-NP
+Peterson NNP I-NP
+. . O
+
+In IN B-PP
+affidavits NNS B-NP
+, , O
+each DT B-NP
+plaintiff NN I-NP
+claims NNS B-VP
+Mr. NNP B-NP
+Peterson NNP I-NP
+promised VBD B-VP
+the DT B-NP
+bank NN I-NP
+purchase NN I-NP
+would MD B-VP
+be VB I-VP
+completed VBN I-VP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+1988 CD B-NP
+or CC O
+the DT B-NP
+money NN I-NP
+returned VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Peterson NNP I-NP
+took VBD B-VP
+the DT B-NP
+plaintiffs NNS I-NP
+' POS B-NP
+and CC O
+other JJ B-NP
+investors NNS I-NP
+' POS B-NP
+money NN I-NP
+to TO B-PP
+a DT B-NP
+meeting NN I-NP
+of IN B-PP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+directors NNS I-NP
+. . O
+
+Wearing VBG B-VP
+a DT B-NP
+business NN I-NP
+suit NN I-NP
+and CC I-NP
+western-style JJ I-NP
+hat NN I-NP
+and CC I-NP
+boots NNS I-NP
+, , O
+he PRP B-NP
+opened VBD B-VP
+up IN B-PRT
+his PRP$ B-NP
+briefcase NN I-NP
+and CC O
+dumped VBD B-VP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+in IN B-PP
+cash NN B-NP
+on IN B-PP
+a DT B-NP
+table NN I-NP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+the DT B-NP
+directors NNS I-NP
+, , O
+says VBZ B-VP
+Myron NNP B-NP
+Diebel NNP I-NP
+, , O
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+president NN I-NP
+. . O
+
+`` `` O
+He PRP B-NP
+said VBD B-VP
+he PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+show VB I-VP
+the DT B-NP
+color NN I-NP
+of IN B-PP
+his PRP$ B-NP
+money NN I-NP
+, , O
+'' '' O
+recalls VBZ B-VP
+Mr. NNP B-NP
+Diebel NNP I-NP
+. . O
+
+Bank NN B-NP
+officials NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+showed VBD B-VP
+him PRP B-NP
+the DT B-NP
+door NN I-NP
+, , O
+and CC O
+the DT B-NP
+sale NN I-NP
+never RB B-ADVP
+came VBD B-VP
+off RB B-PRT
+. . O
+
+According VBG B-PP
+to TO B-PP
+the DT B-NP
+suit NN I-NP
+, , O
+Mr. NNP B-NP
+Peterson NNP I-NP
+has VBZ B-VP
+yet RB I-VP
+to TO I-VP
+return VB I-VP
+the DT B-NP
+plaintiffs NNS I-NP
+' POS B-NP
+investment NN I-NP
+. . O
+
+They PRP B-NP
+want VBP B-VP
+it PRP B-NP
+back RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Peterson NNP I-NP
+declines VBZ B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+specific JJ B-NP
+allegations NNS I-NP
+in IN B-PP
+the DT B-NP
+two CD I-NP
+suits NNS I-NP
+, , O
+saying VBG B-VP
+he PRP B-NP
+prefers VBZ B-VP
+to TO I-VP
+save VB I-VP
+such JJ B-NP
+responses NNS I-NP
+for IN B-PP
+court NN B-NP
+. . O
+
+But CC O
+he PRP B-NP
+does VBZ B-VP
+say VBP I-VP
+that IN B-SBAR
+all DT B-NP
+of IN B-PP
+his PRP$ B-NP
+activities NNS I-NP
+have VBP B-VP
+been VBN I-VP
+`` `` O
+entirely RB B-ADJP
+proper JJ I-ADJP
+. . O
+'' '' O
+
+On IN B-PP
+the DT B-NP
+suit NN I-NP
+by IN B-PP
+the DT B-NP
+limited JJ I-NP
+partners NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+he PRP B-NP
+is VBZ B-VP
+considering VBG I-VP
+a DT B-NP
+defamation NN I-NP
+suit NN I-NP
+against IN B-PP
+the DT B-NP
+plaintiffs NNS I-NP
+. . O
+
+The DT B-NP
+suit NN I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+`` `` O
+is VBZ B-VP
+almost RB B-ADVP
+in IN B-PP
+the DT B-NP
+nature NN I-NP
+of IN B-PP
+a DT B-NP
+vendetta NN I-NP
+by IN B-PP
+a DT B-NP
+handful NN I-NP
+of IN B-PP
+disgruntled JJ B-NP
+people NNS I-NP
+. . O
+'' '' O
+
+Rearding VBG B-PP
+the DT B-NP
+suit NN I-NP
+over IN B-PP
+the DT B-NP
+bank NN I-NP
+bid NN I-NP
+, , O
+Mr. NNP B-NP
+Peterson NNP I-NP
+says VBZ B-VP
+it PRP B-NP
+is VBZ B-VP
+filled VBN I-VP
+with IN B-PP
+`` `` O
+inflammatory JJ B-NP
+language NN I-NP
+and CC O
+half NN B-NP
+truths NNS I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+declines VBZ B-VP
+to TO I-VP
+go VB I-VP
+into IN B-PP
+specifics NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Peterson NNP I-NP
+says VBZ B-VP
+the DT B-NP
+suits NNS I-NP
+against IN B-PP
+him PRP B-NP
+are VBP B-VP
+less JJR B-NP
+a DT I-NP
+measure NN I-NP
+of IN B-PP
+his PRP$ B-NP
+work NN I-NP
+than IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+a DT B-NP
+`` `` I-NP
+sign NN I-NP
+of IN B-PP
+the DT B-NP
+times NNS I-NP
+'' '' O
+in IN B-PP
+which WDT B-NP
+people NNS B-NP
+generally RB B-ADVP
+are VBP B-VP
+more RBR B-ADJP
+prone JJ I-ADJP
+to TO B-VP
+sue VB I-VP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+anybody NN B-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+who WP B-NP
+has VBZ B-VP
+n't RB I-VP
+experienced VBN I-VP
+litigation NN B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Mr. NNP B-NP
+Peterson NNP I-NP
+also RB B-ADVP
+says VBZ B-VP
+he PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+consider VB I-VP
+himself PRP B-NP
+a DT B-NP
+financial JJ I-NP
+planner NN I-NP
+anymore RB B-ADVP
+. . O
+
+He PRP B-NP
+now RB B-ADVP
+calls VBZ B-VP
+himself PRP B-NP
+an DT B-NP
+`` `` I-NP
+investment NN I-NP
+banker NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+many JJ B-NP
+scams NNS I-NP
+or CC I-NP
+alleged VBN I-NP
+scams NNS I-NP
+involving VBG B-VP
+planners NNS B-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+plain JJ B-ADJP
+that IN B-SBAR
+only RB B-NP
+a DT I-NP
+modicum NN I-NP
+of IN B-PP
+common JJ B-NP
+sense NN I-NP
+on IN B-PP
+the DT B-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+investors NNS I-NP
+would MD B-VP
+have VB I-VP
+kept VBN I-VP
+them PRP B-NP
+out IN B-ADVP
+of IN B-PP
+harm NN B-NP
+'s POS B-NP
+way NN I-NP
+. . O
+
+Using VBG B-VP
+it PRP B-NP
+, , O
+would MD O
+n't RB O
+a DT B-NP
+proessional NN I-NP
+hesitate VB B-VP
+to TO I-VP
+pay VB I-VP
+tens NNS B-NP
+of IN I-NP
+thousands NNS I-NP
+of IN B-PP
+dollars NNS B-NP
+just RB B-ADVP
+for IN B-PP
+a DT B-NP
+chance NN I-NP
+to TO B-VP
+invest VB I-VP
+witha NN O
+planner NN O
+? . O
+
+Other JJ B-NP
+cases NNS I-NP
+go VBP B-VP
+to TO I-VP
+show VB I-VP
+that IN B-SBAR
+an DT B-NP
+old JJ I-NP
+saw VBD I-NP
+still RB B-ADVP
+applies VBZ B-VP
+: : O
+If IN B-SBAR
+it PRP B-NP
+sounds VBZ B-VP
+too RB B-ADJP
+good JJ I-ADJP
+to TO B-VP
+be VB I-VP
+true JJ B-ADJP
+, , O
+it PRP B-NP
+probably RB B-ADVP
+is VBZ B-VP
+. . O
+
+Certificates NNS B-NP
+of IN B-PP
+deposit NN B-NP
+do VBP B-VP
+n't RB I-VP
+pay VB I-VP
+23 CD B-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+but CC O
+that DT B-NP
+did VBD B-VP
+n't RB I-VP
+give VB I-VP
+pause NN B-NP
+to TO B-PP
+clients NNS B-NP
+of IN B-PP
+one CD B-NP
+Alabama NNP I-NP
+planner NN I-NP
+. . O
+
+Now RB B-ADVP
+they PRP B-NP
+'re VBP B-VP
+losers NNS B-NP
+and CC O
+he PRP B-NP
+'s VBZ B-VP
+in IN B-PP
+jail NN B-NP
+in IN B-PP
+Mobile NNP B-NP
+County NNP I-NP
+. . O
+
+CDs NNS B-NP
+yielding VBG B-VP
+40 CD B-NP
+% NN I-NP
+are VBP B-VP
+even RB B-ADJP
+more RBR I-ADJP
+implausible JJ I-ADJP
+-- : O
+especially RB B-ADVP
+when WRB B-ADVP
+the DT B-NP
+issuing VBG I-NP
+`` `` I-NP
+bank NN I-NP
+'' '' O
+in IN B-PP
+the DT B-NP
+Marshall NNP I-NP
+Islands NNPS I-NP
+is VBZ B-VP
+merely RB B-NP
+a DT I-NP
+mail NN I-NP
+drop NN I-NP
+watched VBD B-VP
+over IN B-PRT
+by IN B-PP
+a DT B-NP
+local JJ I-NP
+gas-station JJ I-NP
+operator NN I-NP
+-- : O
+but CC O
+investors NNS B-NP
+fell VBD B-VP
+for IN B-PP
+that DT B-NP
+one CD I-NP
+too RB I-NP
+. . O
+
+And CC O
+the DT B-NP
+Colorado NNP I-NP
+planner NN I-NP
+who WP B-NP
+promised VBD B-VP
+to TO I-VP
+make VB I-VP
+some DT B-NP
+of IN B-PP
+his PRP$ B-NP
+clients NNS I-NP
+millionaires NNS B-NP
+on IN B-PP
+investments NNS B-NP
+of IN B-PP
+as RB B-NP
+litle JJ I-NP
+as IN I-NP
+$ $ I-NP
+100 CD I-NP
+? . O
+
+Never RB B-ADVP
+mind NN B-VP
+. . O
+
+You PRP B-NP
+already RB B-ADVP
+know VBP B-VP
+the DT B-NP
+answer NN I-NP
+. . O
+
+Mr. NNP B-NP
+Emshwiller NNP I-NP
+is VBZ B-VP
+a DT B-NP
+staff NN I-NP
+reporter NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+bureau NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+ritzy JJ I-NP
+Fashion NNP I-NP
+Island NNP I-NP
+Shopping NNP I-NP
+Center NNP I-NP
+, , O
+the DT B-NP
+tanned JJ I-NP
+and CC I-NP
+elegant JJ I-NP
+ladies NNS I-NP
+of IN B-PP
+this DT B-NP
+wealthy JJ I-NP
+Southern NNP I-NP
+California NNP I-NP
+beach NN I-NP
+community NN I-NP
+disembark VBP B-VP
+from IN B-PP
+their PRP$ B-NP
+Mercedes-Benzes NNPS I-NP
+and CC I-NP
+BMWs NNS I-NP
+for IN B-PP
+another DT B-NP
+day NN I-NP
+of IN B-PP
+exercising VBG B-VP
+their PRP$ B-NP
+credit NN I-NP
+cards NNS I-NP
+. . O
+
+They PRP B-NP
+root VBP B-VP
+among IN B-PP
+the DT B-NP
+designer NN I-NP
+offerings NNS I-NP
+at IN B-PP
+Neiman-Marcus NNP B-NP
+and CC O
+Bullocks NNP B-NP
+Wilshire NNP I-NP
+. . O
+
+They PRP B-NP
+stroll VBP B-VP
+through IN B-PP
+the DT B-NP
+marble-encased JJ I-NP
+corridors NNS I-NP
+of IN B-PP
+the DT B-NP
+Atrium NNP I-NP
+Court NNP I-NP
+. . O
+
+They PRP B-NP
+graze VBP B-VP
+at IN B-PP
+the DT B-NP
+Farmers NNP I-NP
+Market NNP I-NP
+, , O
+a DT B-NP
+combination NN I-NP
+gourmet NN I-NP
+food NN I-NP
+court NN I-NP
+and CC I-NP
+grocery NN I-NP
+store NN I-NP
+, , O
+while IN B-SBAR
+a DT B-NP
+pianist NN I-NP
+accompanies VBZ B-VP
+the DT B-NP
+noon NN I-NP
+fashion NN I-NP
+show NN I-NP
+with IN B-PP
+a DT B-NP
+selection NN I-NP
+of IN B-PP
+dreamy JJ B-NP
+melodies NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+beautiful JJ I-NP
+look NN I-NP
+of IN B-PP
+wool NN B-NP
+, , O
+'' '' O
+croons VBZ B-VP
+the DT B-NP
+show NN I-NP
+'s POS B-NP
+narrator NN I-NP
+, , O
+`` `` O
+slightly RB B-ADJP
+Victorian JJ I-ADJP
+in IN B-PP
+its PRP$ B-NP
+influence NN I-NP
+... : O
+. . O
+'' '' O
+
+Meanwhile RB B-ADVP
+, , O
+in IN B-PP
+the DT B-NP
+squat JJ I-NP
+office NN I-NP
+buildings NNS I-NP
+that WDT B-NP
+ring VBP B-VP
+Fashion NNP B-NP
+Island NNP I-NP
+, , O
+the DT B-NP
+odds NNS I-NP
+are VBP B-VP
+good JJ B-ADJP
+that DT B-SBAR
+someone NN B-NP
+is VBZ B-VP
+getting VBG I-VP
+fleeced VBN I-VP
+. . O
+
+Law-enforcement JJ B-NP
+authorities NNS I-NP
+say VBP B-VP
+that IN B-SBAR
+at IN B-PP
+any DT B-NP
+given VBN I-NP
+time NN I-NP
+, , O
+a DT B-NP
+host NN I-NP
+of IN B-PP
+fraudulent JJ B-NP
+telemarketing NN I-NP
+operations NNS I-NP
+mingle VBP B-VP
+with IN B-PP
+the DT B-NP
+many JJ I-NP
+legitimate JJ I-NP
+businesses NNS I-NP
+here RB B-ADVP
+. . O
+
+`` `` O
+They PRP B-NP
+seem VBP B-VP
+to TO I-VP
+like IN I-VP
+these DT B-NP
+industrial JJ I-NP
+parks NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Kacy NNP B-NP
+McClelland NNP I-NP
+, , O
+a DT B-NP
+postal JJ I-NP
+inspector NN I-NP
+who WP B-NP
+specializes VBZ B-VP
+in IN B-PP
+mail NN B-NP
+fraud NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+call VBP B-VP
+them PRP B-NP
+fraud NN B-NP
+farms NNS I-NP
+. . O
+'' '' O
+
+Welcome NNP B-INTJ
+to TO B-PP
+that DT B-NP
+welter NN I-NP
+of IN B-PP
+contradictions NNS B-NP
+known VBN B-VP
+as IN B-PP
+Newport NNP B-NP
+Beach NNP I-NP
+. . O
+
+This DT B-NP
+city NN I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+70,000 CD I-NP
+is VBZ B-VP
+known VBN I-VP
+for IN B-PP
+sunshine NN B-NP
+, , O
+yachts NNS B-NP
+and CC O
+rich JJ B-NP
+residents NNS I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+also RB I-VP
+known VBN I-VP
+as IN B-PP
+the DT B-NP
+fraud NN I-NP
+capital NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+dubbed VBN B-VP
+by IN B-PP
+investigators NNS B-NP
+and CC O
+the DT B-NP
+media NNS I-NP
+as IN B-PP
+the DT B-NP
+`` `` I-NP
+Cote NNP I-NP
+de FW I-NP
+Fraud NNP I-NP
+'' '' O
+. . O
+
+How WRB B-ADVP
+does VBZ O
+a DT B-NP
+community NN I-NP
+famous JJ B-ADJP
+for IN B-PP
+its PRP$ B-NP
+high JJ I-NP
+living VBG I-NP
+end NN B-VP
+up IN B-PRT
+as IN B-PP
+a DT B-NP
+haven NN I-NP
+for IN B-PP
+low-lifes NNS B-NP
+? . O
+
+Clearly RB B-ADVP
+, , O
+the DT B-NP
+existence NN I-NP
+of IN B-PP
+the DT B-NP
+former JJ I-NP
+lures NNS B-VP
+the DT B-NP
+latter NN I-NP
+. . O
+
+The DT B-NP
+places NNS I-NP
+renowned JJ B-VP
+for IN B-PP
+breeding VBG B-VP
+bunco NN B-NP
+, , O
+like IN B-PP
+the DT B-NP
+Miami NNP I-NP
+neighborhood NN I-NP
+known VBN B-VP
+as IN B-PP
+the DT B-NP
+`` `` I-NP
+Maggot NNP I-NP
+Mile NNP I-NP
+'' '' O
+and CC O
+Las NNP B-NP
+Vegas NNP I-NP
+'s POS B-NP
+flashy JJ I-NP
+strip NN I-NP
+of IN B-PP
+casinos NNS B-NP
+, , O
+invariably RB B-ADVP
+offer VBP B-VP
+fast JJ B-NP
+cars NNS I-NP
+, , O
+high JJ B-NP
+rollers NNS I-NP
+, , O
+glamorous JJ B-NP
+women NNS I-NP
+and CC O
+lots NNS B-NP
+of IN B-PP
+sunshine NN B-NP
+. . O
+
+You PRP B-NP
+do VBP B-VP
+n't RB I-VP
+hear VB I-VP
+much JJ B-NP
+about IN B-PP
+unusual JJ B-NP
+concentrations NNS I-NP
+of IN B-PP
+fraud NN B-NP
+in IN B-PP
+Green NNP B-NP
+Bay NNP I-NP
+or CC O
+Buffalo NNP B-NP
+. . O
+
+Con JJ B-NP
+men NNS I-NP
+hate VBP B-VP
+snow NN B-NP
+. . O
+
+Newport NNP B-NP
+Beach NNP I-NP
+fits VBZ B-VP
+the DT B-NP
+scam NN I-NP
+artists NNS I-NP
+' POS B-NP
+specifications NNS I-NP
+perfectly RB B-ADVP
+. . O
+
+What WP B-NP
+more JJR I-NP
+could MD O
+a DT B-NP
+con JJ I-NP
+man NN I-NP
+in IN B-PP
+search NN B-NP
+of IN B-PP
+the DT B-NP
+easy JJ I-NP
+life NN I-NP
+ask VB B-VP
+for RB B-PP
+? . O
+
+Nothing NN B-NP
+seems VBZ B-VP
+hard JJ B-ADJP
+here RB B-ADVP
+. . O
+
+The DT B-NP
+breezes NNS I-NP
+are VBP B-VP
+soft JJ B-ADJP
+, , O
+the DT B-NP
+waves NNS I-NP
+lap VBP B-VP
+gently RB B-ADVP
+and CC O
+the DT B-NP
+palm NN I-NP
+trees NNS I-NP
+sway VBP B-VP
+lazily RB B-ADVP
+. . O
+
+Nightlife NN B-NP
+is VBZ B-VP
+plentiful JJ B-ADJP
+. . O
+
+Moreover RB B-ADVP
+, , O
+ostentation NN B-NP
+is VBZ B-VP
+appreciated VBN I-VP
+. . O
+
+The DT B-NP
+median JJ I-NP
+price NN I-NP
+of IN B-PP
+homes NNS B-NP
+is VBZ B-VP
+$ $ B-NP
+547,000 CD I-NP
+; : O
+more JJR B-NP
+than IN I-NP
+9,000 CD I-NP
+vessels NNS I-NP
+fill VBP B-VP
+what WP B-NP
+the DT B-NP
+chamber NN I-NP
+of IN B-PP
+commerce NN B-NP
+calls VBZ B-VP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+largest JJS I-NP
+pleasure-boat NN I-NP
+harbor NN I-NP
+. . O
+
+`` `` O
+Blondes NNP B-NP
+, , I-NP
+cocaine NN I-NP
+and CC I-NP
+Corvettes NNS I-NP
+, , O
+'' '' O
+mutters NNS B-VP
+Mr. NNP B-NP
+McClelland NNP I-NP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+what WP B-NP
+they PRP B-NP
+'re VBP B-VP
+after IN B-PP
+. . O
+'' '' O
+
+The DT B-NP
+rich JJ I-NP
+image NN I-NP
+of IN B-PP
+Newport NNP B-NP
+Beach NNP I-NP
+also RB B-ADVP
+helps VBZ B-VP
+lend VB I-VP
+the DT B-NP
+con JJ I-NP
+artists NNS I-NP
+' POS B-NP
+operation NN I-NP
+an DT B-NP
+air NN I-NP
+of IN B-PP
+respectability NN B-NP
+. . O
+
+`` `` O
+One CD B-NP
+reason NN I-NP
+they PRP B-NP
+use VBP B-VP
+Newport NNP B-NP
+Beach NNP I-NP
+is VBZ B-VP
+that IN B-SBAR
+it PRP B-NP
+sounds VBZ B-VP
+swankier JJR B-ADJP
+than IN B-PP
+most RBS B-NP
+addresses NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+David NNP B-NP
+Katz NNP I-NP
+, , O
+a DT B-NP
+U.S. NNP I-NP
+attorney NN I-NP
+who WP B-NP
+, , O
+until IN B-ADVP
+recently RB I-ADVP
+, , O
+headed VBD B-VP
+a DT B-NP
+multi-agency JJ I-NP
+Southern NNP I-NP
+California NNP I-NP
+fraud NN I-NP
+task NN I-NP
+force NN I-NP
+. . O
+
+`` `` O
+Newport NNP B-NP
+Beach NNP I-NP
+is VBZ B-VP
+known VBN I-VP
+in IN B-PP
+Rhode NNP B-NP
+Island NNP I-NP
+for IN B-PP
+having VBG B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+rich JJ B-NP
+people NNS I-NP
+. . O
+'' '' O
+
+No DT B-NP
+wonder NN I-NP
+all DT B-NP
+kinds NNS I-NP
+of IN B-PP
+big-time JJ B-NP
+scams NNS I-NP
+have VBP B-VP
+flourished VBN I-VP
+here RB B-ADVP
+, , O
+from IN B-PP
+phony JJ B-NP
+tax-sheltered JJ I-NP
+Bible NNP I-NP
+sales NNS I-NP
+to TO B-PP
+crooked JJ B-NP
+car NN I-NP
+dealers NNS I-NP
+to TO B-PP
+bogus JJ B-NP
+penny-stock JJ I-NP
+traders NNS I-NP
+. . O
+
+But CC O
+above IN B-PP
+all DT B-NP
+, , O
+this DT B-NP
+is VBZ B-VP
+the DT B-NP
+national JJ I-NP
+headquarters NN I-NP
+for IN B-PP
+boiler-room NN B-NP
+operators NNS I-NP
+, , O
+those DT B-NP
+slick-talking JJ I-NP
+snake-oil JJ I-NP
+salesmen NNS I-NP
+who WP B-NP
+use VBP B-VP
+the DT B-NP
+telephone NN I-NP
+to TO B-VP
+extract VB I-VP
+money NN B-NP
+from IN B-PP
+the DT B-NP
+gullible JJ I-NP
+and CC O
+the DT B-NP
+greedy JJ I-NP
+and CC O
+then RB B-ADVP
+vanish VBP B-VP
+. . O
+
+Because IN B-SBAR
+only RB B-NP
+a DT I-NP
+fraction NN I-NP
+of IN B-PP
+them PRP B-NP
+are VBP B-VP
+ever RB I-VP
+prosecuted VBN I-VP
+, , O
+nobody NN B-NP
+really RB B-ADVP
+knows VBZ B-VP
+how WRB B-NP
+much JJ I-NP
+money NN I-NP
+bogus JJ B-NP
+telemarketing NN I-NP
+operators NNS I-NP
+really RB B-ADVP
+harvest VBP B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+'ve VBP B-VP
+heard VBN I-VP
+that IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+$ $ B-NP
+40 CD I-NP
+billion CD I-NP
+taken VBN B-VP
+in IN B-PRT
+nationwide JJ B-ADVP
+by IN B-PP
+boiler NN B-NP
+rooms NNS I-NP
+every DT B-NP
+year NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+McClelland NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+If IN B-SBAR
+that DT B-NP
+'s VBZ B-VP
+true JJ B-ADJP
+, , O
+Orange NNP B-NP
+County NNP I-NP
+has VBZ B-VP
+to TO I-VP
+be VB I-VP
+at IN B-NP
+least JJS I-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+that DT B-NP
+. . O
+'' '' O
+
+And CC O
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+truly RB I-NP
+big JJ I-NP
+scams NNS I-NP
+in IN B-PP
+Orange NNP B-NP
+County NNP I-NP
+seem VB B-VP
+to TO I-VP
+originate VB I-VP
+in IN B-PP
+Newport NNP B-NP
+Beach NNP I-NP
+or CC O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+other JJ I-NP
+well-heeled JJ I-NP
+communities NNS I-NP
+that WDT B-NP
+surround VBP B-VP
+this DT B-NP
+sliver-like JJ I-NP
+city NN I-NP
+that IN B-NP
+hooks NNS B-VP
+around IN B-PP
+a DT B-NP
+point NN I-NP
+of IN B-PP
+land NN B-NP
+on IN B-PP
+the DT B-NP
+California NNP I-NP
+coast NN I-NP
+south RB B-ADVP
+of IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+sophisticated JJ B-NP
+big-bucks JJ I-NP
+boiler-room NN I-NP
+scams NNS I-NP
+are VBP B-VP
+known VBN I-VP
+generically RB B-ADVP
+among IN B-PP
+law-enforcement NN B-NP
+types NNS I-NP
+as IN B-PP
+`` `` O
+Newport NNP B-NP
+Beach NNP I-NP
+'' '' B-NP
+operations NNS I-NP
+. . O
+
+That DT B-NP
+contrasts NNS B-VP
+with IN B-PP
+the DT B-NP
+penny-ante JJ I-NP
+sales NNS I-NP
+of IN B-PP
+things NNS B-NP
+such JJ B-PP
+as IN I-PP
+pen-and-pencil JJ B-NP
+sets NNS I-NP
+and CC O
+office NN B-NP
+supplies NNS I-NP
+that WDT B-NP
+are VBP B-VP
+known VBN I-VP
+as IN B-PP
+`` `` O
+Hollywood NNP B-NP
+'' '' B-NP
+scams NNS I-NP
+. . O
+
+Newport NNP B-NP
+Beach NNP I-NP
+telemarketers NNS I-NP
+concentrate VBP B-VP
+on IN B-PP
+precious JJ B-NP
+metals NNS I-NP
+and CC O
+oil-leasing NN B-NP
+deals NNS I-NP
+that IN B-NP
+typically RB B-ADVP
+cost VBP B-VP
+thousands NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+a DT B-NP
+shot NN I-NP
+. . O
+
+The DT B-NP
+investors NNS I-NP
+range VBP B-VP
+from IN B-PP
+elderly JJ B-NP
+widows NNS I-NP
+to TO B-PP
+affluent JJ B-NP
+professionals NNS I-NP
+. . O
+
+In IN B-PP
+one CD B-NP
+ingenious JJ I-NP
+recent JJ I-NP
+example NN I-NP
+of IN B-PP
+a DT B-NP
+Newport NNP I-NP
+Beach NNP I-NP
+boiler NN I-NP
+room NN I-NP
+, , O
+prospective JJ B-NP
+investors NNS I-NP
+in IN B-PP
+Capital NNP B-NP
+Trust NNP I-NP
+Inc. NNP I-NP
+were VBD B-VP
+allegedly RB I-VP
+told VBN I-VP
+that IN B-SBAR
+their PRP$ B-NP
+investment NN I-NP
+in IN B-PP
+precious JJ B-NP
+metals NNS I-NP
+was VBD B-VP
+insured VBN I-VP
+against IN B-PP
+losses NNS B-NP
+`` `` O
+caused VBN B-VP
+by IN B-PP
+employees NNS B-NP
+due JJ B-ADJP
+to TO B-PP
+dishonesty NN B-NP
+, , I-NP
+destruction NN I-NP
+or CC I-NP
+disappearance NN I-NP
+, , O
+'' '' O
+according VBG B-PP
+to TO B-PP
+an DT B-NP
+indictment NN I-NP
+handed VBD B-VP
+up IN B-PRT
+by IN B-PP
+a DT B-NP
+federal JJ I-NP
+grand JJ I-NP
+jury NN I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+last JJ B-NP
+month NN I-NP
+. . O
+
+Thus RB B-ADVP
+falsely RB B-VP
+reassured VBN I-VP
+, , O
+investors NNS B-NP
+sent VBD B-VP
+$ $ B-NP
+11.4 CD I-NP
+million CD I-NP
+to TO B-PP
+the DT B-NP
+Newport NNP I-NP
+Beach NNP I-NP
+company NN I-NP
+, , O
+most RBS B-NP
+of IN B-PP
+which WDT B-NP
+was VBD B-VP
+diverted VBN I-VP
+to TO B-PP
+unauthorized JJ B-NP
+uses NNS I-NP
+, , O
+the DT B-NP
+indictment NN I-NP
+charges NNS B-VP
+. . O
+
+Douglas NNP B-NP
+Jones NNP I-NP
+, , O
+an DT B-NP
+attorney NN I-NP
+representing VBG B-VP
+Richard NNP B-NP
+O. NNP I-NP
+Kelly NNP I-NP
+Sr. NNP I-NP
+, , O
+the DT B-NP
+chairman NN I-NP
+and CC I-NP
+president NN I-NP
+of IN B-PP
+Capital NNP B-NP
+Trust NNP I-NP
+, , O
+says VBZ B-VP
+his PRP$ B-NP
+client NN I-NP
+denies VBZ B-VP
+that IN B-SBAR
+there EX B-NP
+was VBD B-VP
+any DT B-NP
+attempt NN I-NP
+to TO B-VP
+defraud VB I-VP
+investors NNS B-NP
+. . O
+
+`` `` O
+There EX B-NP
+were VBD B-VP
+some DT B-NP
+business NN I-NP
+deals NNS I-NP
+that WDT B-NP
+went VBD B-VP
+bad JJ B-ADJP
+, , O
+'' '' O
+Mr. NNP B-NP
+Jones NNP I-NP
+says VBZ B-VP
+, , O
+`` `` O
+but CC O
+no DT B-NP
+intent NN I-NP
+to TO B-VP
+defraud VB I-VP
+. . O
+'' '' O
+
+Newport NNP B-NP
+Beach NNP I-NP
+operations NNS I-NP
+differ VBP B-VP
+from IN B-PP
+the DT B-NP
+Hollywood NNP I-NP
+boiler NN I-NP
+rooms NNS I-NP
+in IN B-PP
+style NN B-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+in IN B-PP
+dollars NNS B-NP
+. . O
+
+Traditionally RB B-ADVP
+, , O
+boiler NN B-NP
+rooms NNS I-NP
+operate VBP B-VP
+on IN B-PP
+the DT B-NP
+cheap NN I-NP
+, , O
+since IN B-SBAR
+few JJ O
+, , O
+if IN B-SBAR
+any DT B-ADJP
+, , O
+customers NNS B-NP
+ever RB B-ADVP
+visit VBP B-VP
+their PRP$ B-NP
+offices NNS I-NP
+. . O
+
+Indeed RB B-INTJ
+, , O
+the DT B-NP
+name NN I-NP
+derives VBZ B-VP
+from IN B-PP
+the DT B-NP
+tendency NN I-NP
+among IN B-PP
+telemarketing NN B-NP
+scammers NNS I-NP
+to TO B-VP
+rent VB I-VP
+cheap JJ B-NP
+basement NN I-NP
+space NN I-NP
+, , O
+near IN B-PP
+the DT B-NP
+boiler NN I-NP
+room NN I-NP
+. . O
+
+But CC O
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Katz NNP I-NP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+attorney NN I-NP
+, , O
+`` `` O
+the DT B-NP
+interesting JJ I-NP
+thing NN I-NP
+about IN B-PP
+Newport NNP B-NP
+Beach NNP I-NP
+operations NNS I-NP
+is VBZ B-VP
+that IN B-SBAR
+they PRP B-NP
+give VBP B-VP
+themselves PRP B-NP
+the DT B-NP
+indulgence NN I-NP
+of IN B-PP
+beautiful JJ B-NP
+offices NNS I-NP
+, , O
+with IN B-PP
+plush JJ B-NP
+furnishings NNS I-NP
+. . O
+
+When WRB B-ADVP
+we PRP B-NP
+go VBP B-VP
+there EX B-ADVP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+quite RB B-ADJP
+different JJ I-ADJP
+from IN B-PP
+these DT B-NP
+Hollywood NNP I-NP
+places NNS I-NP
+where WRB B-ADVP
+the DT B-NP
+sandwiches NNS I-NP
+are VBP B-VP
+spread NN I-VP
+out IN B-PRT
+on IN B-PP
+the DT B-NP
+table NN I-NP
+and CC O
+the DT B-NP
+people NNS I-NP
+are VBP B-VP
+picking VBG I-VP
+their PRP$ B-NP
+noses NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+Newport NNP I-NP
+Beach NNP I-NP
+operators NNS I-NP
+also RB B-ADVP
+tend VBP B-VP
+to TO I-VP
+indulge VB I-VP
+themselves PRP B-NP
+privately RB B-ADVP
+. . O
+
+Investigators NNS B-NP
+cite VBP B-VP
+the DT B-NP
+case NN I-NP
+of IN B-PP
+Matthew NNP B-NP
+Valentine NNP I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+currently RB I-VP
+serving VBG I-VP
+a DT B-NP
+six-year JJ I-NP
+sentence NN I-NP
+at IN B-PP
+Lompoc NNP B-NP
+Federal NNP I-NP
+Prison NNP I-NP
+for IN B-PP
+his PRP$ B-NP
+role NN I-NP
+in IN B-PP
+Intech NNP B-NP
+Investment NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+promised VBD B-VP
+investors NNS B-NP
+returns NNS B-NP
+of IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+625 CD I-NP
+% NN I-NP
+on IN B-PP
+precious JJ B-NP
+metals NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Valentine NNP I-NP
+, , O
+who WP B-NP
+pleaded VBD B-VP
+guilty JJ B-ADJP
+to TO B-PP
+five CD B-NP
+counts NNS I-NP
+of IN B-PP
+fraud NN B-NP
+in IN B-PP
+federal JJ B-NP
+court NN I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+drove VBD B-VP
+a DT B-NP
+leased VBN I-NP
+Mercedes NNP I-NP
+and CC O
+lived VBD B-VP
+in IN B-PP
+an DT B-NP
+expensive JJ I-NP
+home NN I-NP
+on IN B-PP
+Lido NNP B-NP
+Isle NNP I-NP
+, , O
+an DT B-NP
+island NN I-NP
+in IN B-PP
+Newport NNP B-NP
+'s POS B-NP
+harbor NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+investigators NNS B-NP
+. . O
+
+With IN B-PP
+the DT B-NP
+$ $ I-NP
+3 CD I-NP
+million CD I-NP
+received VBD B-VP
+from IN B-PP
+investors NNS B-NP
+, , O
+he PRP B-NP
+took VBD B-VP
+frequent JJ B-NP
+junkets NNS I-NP
+with IN B-PP
+friends NNS B-NP
+to TO B-PP
+exotic JJ B-NP
+locales NNS I-NP
+and CC O
+leased VBD B-VP
+an DT B-NP
+expensive JJ I-NP
+BMW NNP I-NP
+for IN B-PP
+his PRP$ B-NP
+girlfriend NN I-NP
+, , O
+whom WP B-NP
+he PRP B-NP
+met VBD B-VP
+at IN B-PP
+the DT B-NP
+shop NN I-NP
+where WRB B-ADVP
+he PRP B-NP
+got VBD B-VP
+his PRP$ B-NP
+custom-tailored JJ I-NP
+suits NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+amazing JJ B-ADJP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+money NN B-NP
+that WDT B-NP
+goes VBZ B-VP
+up IN B-PP
+their PRP$ B-NP
+nose NN I-NP
+, , O
+out IN B-PP
+to TO B-PP
+the DT B-NP
+dog NN I-NP
+track NN I-NP
+or CC B-PP
+to TO B-PP
+the DT B-NP
+tables NNS I-NP
+in IN B-PP
+Las NNP B-NP
+Vegas NNP I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Katz NNP I-NP
+says VBZ B-VP
+. . O
+
+All DT B-NP
+this DT I-NP
+talk NN I-NP
+of IN B-PP
+boiler NN B-NP
+rooms NNS I-NP
+and CC O
+fraud NN B-NP
+is VBZ B-VP
+unnerving VBG B-ADJP
+to TO B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+legitimate JJ I-NP
+business NN I-NP
+element NN I-NP
+. . O
+
+Vincent NNP B-NP
+M NNP I-NP
+Ciavarella NNP I-NP
+, , O
+regional JJ B-NP
+manager NN I-NP
+of IN B-PP
+Property NNP B-NP
+Management NNP I-NP
+Systems NNPS I-NP
+, , O
+insists VBZ B-VP
+he PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+know VB I-VP
+of IN B-PP
+any DT B-NP
+bogus JJ I-NP
+telemarketers NNS I-NP
+operating VBG B-VP
+in IN B-PP
+the DT B-NP
+1.6 CD I-NP
+million CD I-NP
+square NN I-NP
+feet NNS I-NP
+of IN B-PP
+office NN B-NP
+space NN I-NP
+around IN B-PP
+Fashion NNP B-NP
+Island NNP I-NP
+that IN B-NP
+his PRP$ B-NP
+company NN I-NP
+leases NNS B-VP
+for IN B-PP
+Irvine NNP B-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+owner NN I-NP
+and CC I-NP
+developer NN I-NP
+of IN B-PP
+the DT B-NP
+project NN I-NP
+. . O
+
+Mr. NNP B-NP
+Ciavarella NNP I-NP
+has VBZ B-VP
+rejected VBN I-VP
+a DT B-NP
+few JJ I-NP
+prospective JJ I-NP
+tenants NNS I-NP
+who WP B-NP
+provided VBD B-VP
+`` `` B-NP
+incomplete JJ I-NP
+'' '' I-NP
+financial JJ I-NP
+information NN I-NP
+and CC O
+acknowledges VBZ B-VP
+that IN B-SBAR
+illegitimate JJ B-NP
+operators NNS I-NP
+`` `` O
+are VBP B-VP
+not RB O
+easily RB B-ADJP
+detectable JJ I-ADJP
+. . O
+
+'' '' O
+-LRB- ( O
+Investigators NNS B-NP
+stress VBP B-VP
+that IN B-SBAR
+building NN B-NP
+owners NNS I-NP
+are VBP B-VP
+victims NNS B-NP
+, , O
+too RB B-ADVP
+, , O
+since IN B-SBAR
+boiler NN B-NP
+rooms NNS I-NP
+often RB B-ADVP
+leave VBP B-VP
+without IN B-PP
+paying VBG B-VP
+rent NN B-NP
+. . O
+-RRB- ) O
+
+Richard NNP B-NP
+Luehrs NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+the DT B-NP
+Newport NNP I-NP
+Harbor NNP I-NP
+Area NNP I-NP
+Chamber NNP I-NP
+of IN B-PP
+Commerce NNP B-NP
+, , O
+calls VBZ B-VP
+boiler NN B-NP
+rooms NNS I-NP
+a DT B-NP
+`` `` I-NP
+negative JJ I-NP
+we PRP B-NP
+wish VBP B-VP
+we PRP B-NP
+could MD B-VP
+get VB I-VP
+rid JJ I-VP
+of IN B-PP
+. . O
+'' '' O
+
+Actually RB B-ADVP
+, , O
+`` `` O
+we PRP B-NP
+do VBP B-VP
+n't RB I-VP
+get VB I-VP
+much JJ B-NP
+negative JJ I-NP
+publicity NN I-NP
+about IN B-PP
+this DT B-NP
+, , O
+'' '' O
+he PRP B-NP
+insists VBZ B-VP
+, , O
+`` `` O
+except IN B-PP
+for IN B-PP
+the DT B-NP
+press NN I-NP
+who WP B-NP
+write VBP B-VP
+about IN B-PP
+it PRP B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Lancaster NNP I-NP
+is VBZ B-VP
+deputy NN B-NP
+chief NN I-NP
+of IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Dallas NNP I-NP
+bureau NN I-NP
+. . O
+
+YOU PRP B-NP
+WENT VBD B-VP
+to TO B-PP
+college NN B-NP
+and CC O
+thought VBD B-VP
+you PRP B-NP
+got VBD B-VP
+an DT B-NP
+education NN I-NP
+. . O
+
+Now RB B-ADVP
+you PRP B-NP
+discover VBP B-VP
+that IN B-SBAR
+you PRP B-NP
+never RB B-ADVP
+learned VBD B-VP
+the DT B-NP
+most RBS I-NP
+important JJ I-NP
+lesson NN I-NP
+: : O
+How WRB B-ADVP
+to TO B-VP
+send VB I-VP
+your PRP$ B-NP
+kids NNS I-NP
+to TO B-PP
+college NN B-NP
+. . O
+
+True JJ B-ADJP
+, , O
+when WRB B-ADVP
+you PRP B-NP
+went VBD B-VP
+to TO B-PP
+college NN B-NP
+, , O
+there EX B-NP
+was VBD B-VP
+n't RB O
+that IN B-NP
+much JJ I-NP
+to TO B-VP
+learn VB I-VP
+. . O
+
+Stick NNP B-VP
+some DT B-NP
+money NN I-NP
+in IN B-PP
+an DT B-NP
+interest-bearing JJ I-NP
+account NN I-NP
+and CC O
+watch VB B-VP
+it PRP B-NP
+grow VB B-VP
+. . O
+
+Now RB B-ADVP
+, , O
+investment NN B-NP
+salesmen NNS I-NP
+say VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+to TO B-VP
+take VB I-VP
+some DT B-NP
+risks NNS I-NP
+if IN B-SBAR
+you PRP B-NP
+want VBP B-VP
+the DT B-NP
+kind NN I-NP
+of IN B-PP
+returns NNS B-NP
+that WDT B-NP
+will MD B-VP
+buy VB I-VP
+your PRP$ B-NP
+toddler NN I-NP
+a DT B-NP
+ticket NN I-NP
+to TO B-PP
+Prestige NNP B-NP
+U. NNP I-NP
+in IN B-PP
+18 CD B-NP
+years NNS I-NP
+. . O
+
+In IN B-PP
+short JJ B-NP
+, , O
+throw VB B-VP
+away RB B-ADVP
+the DT B-NP
+passbook NN I-NP
+and CC O
+go VB B-VP
+for IN B-PP
+the DT B-NP
+glory NN I-NP
+. . O
+
+The DT B-NP
+reason NN I-NP
+is VBZ B-VP
+cost NN B-NP
+. . O
+
+Nothing NN B-NP
+in IN B-PP
+the DT B-NP
+annals NNS I-NP
+of IN B-PP
+tuition NN B-NP
+readied VBD B-VP
+parents NNS B-NP
+for IN B-PP
+the DT B-NP
+1980s CD I-NP
+. . O
+
+Tuitions NNS B-NP
+at IN B-PP
+private JJ B-NP
+colleges NNS I-NP
+rose VBD B-VP
+154 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+10 CD I-NP
+years NNS I-NP
+ended VBD B-VP
+in IN B-PP
+June NNP B-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+; : O
+that DT B-NP
+'s VBZ B-VP
+twice RB B-NP
+the DT I-NP
+77 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+consumer NN B-NP
+prices NNS I-NP
+for IN B-PP
+the DT B-NP
+same JJ I-NP
+period NN I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+at IN B-PP
+Harvard NNP B-NP
+now RB B-ADVP
+goes VBZ B-VP
+for IN B-PP
+$ $ B-NP
+19,395 CD I-NP
+. . O
+
+By IN B-PP
+2007 CD B-NP
+, , O
+when WRB B-ADVP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+newborns NNS I-NP
+hit VBD B-VP
+campus NN B-NP
+, , O
+a DT B-NP
+four-year JJ I-NP
+Ivy NNP I-NP
+League NNP I-NP
+sheepskin NN I-NP
+will MD B-VP
+cost VB I-VP
+$ $ B-NP
+300,000 CD I-NP
+, , O
+give VB B-PP
+or CC I-PP
+take VB O
+a DT B-NP
+few JJ I-NP
+pizzas-with-everything NNS I-NP
+at IN B-PP
+exam NN B-NP
+time NN I-NP
+. . O
+
+Stanford NNP B-NP
+, , O
+MIT NNP B-NP
+and CC O
+other JJ B-NP
+utmosts NNS I-NP
+will MD B-VP
+cost VB I-VP
+no DT B-NP
+less JJR I-NP
+. . O
+
+So RB O
+what WP B-NP
+'s VBZ O
+a DT B-NP
+parent NN I-NP
+to TO B-VP
+do VB I-VP
+? . O
+
+Some DT B-NP
+investment NN I-NP
+advisers NNS I-NP
+are VBP B-VP
+suggesting VBG I-VP
+, , O
+in IN B-PP
+effect NN B-NP
+, , O
+a DT B-NP
+bet NN I-NP
+on IN B-PP
+a DT B-NP
+start-up JJ I-NP
+investment NN I-NP
+pool NN I-NP
+-- : B-PP
+maybe RB I-PP
+even RB I-PP
+on IN B-PP
+margin NN B-NP
+. . O
+
+Others NNS B-NP
+prefer VBP B-VP
+deep-discount JJ B-NP
+zero-coupon JJ I-NP
+bonds NNS I-NP
+. . O
+
+Still JJ B-NP
+others NNS I-NP
+say VBP B-VP
+, , O
+Why WRB B-ADVP
+not RB O
+take VB B-VP
+a DT B-NP
+chance NN I-NP
+on IN B-PP
+a DT B-NP
+high-octane JJ I-NP
+growth NN I-NP
+fund NN I-NP
+? . O
+
+`` `` O
+You PRP B-NP
+'re VBP B-VP
+not RB I-VP
+going VBG I-VP
+to TO I-VP
+make VB I-VP
+it PRP B-NP
+in IN B-PP
+a DT B-NP
+5 NN I-NP
+% NN I-NP
+bank NN I-NP
+account NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+James NNP B-NP
+Riepe NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+mutual JJ B-NP
+funds NNS I-NP
+at IN B-PP
+T. NNP B-NP
+Rowe NNP I-NP
+Price NNP I-NP
+. . O
+
+To TO B-VP
+get VB I-VP
+the DT B-NP
+necessary JJ I-NP
+growth NN I-NP
+, , O
+adds VBZ B-VP
+Murray NNP B-NP
+Ruffel NNP I-NP
+, , O
+a DT B-NP
+marketing NN I-NP
+official NN I-NP
+at IN B-PP
+the DT B-NP
+Financial NNP I-NP
+Programs NNS I-NP
+mutual-fund JJ I-NP
+group NN I-NP
+, , O
+`` `` O
+you PRP B-NP
+need VBP B-VP
+to TO I-VP
+go VB I-VP
+to TO B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+other JJ B-NP
+words NNS I-NP
+, , O
+a DT B-NP
+little JJ I-NP
+volatility NN I-NP
+never RB B-ADVP
+hurt VBD B-VP
+. . O
+
+It PRP B-NP
+never RB B-ADVP
+hurt VBD B-VP
+anyone NN B-NP
+, , O
+that DT B-INTJ
+is VBZ I-INTJ
+, , O
+unless IN B-SBAR
+the DT B-NP
+growth NN I-NP
+funds NNS I-NP
+do VBP B-VP
+n't RB I-VP
+grow VB I-VP
+when WRB B-ADVP
+you PRP B-NP
+need VBP B-VP
+them PRP B-NP
+to TO B-VP
+. . O
+
+Or CC O
+the DT B-NP
+zero-coupon JJ I-NP
+bonds NNS I-NP
+turn VBP B-VP
+out IN B-PRT
+not RB O
+to TO B-VP
+have VB I-VP
+been VBN I-VP
+discounted VBN I-VP
+deeply RB B-ADVP
+enough RB I-ADVP
+to TO B-VP
+pay VB I-VP
+your PRP$ B-NP
+kid NN I-NP
+'s POS B-NP
+tuition NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+the DT B-NP
+dilemma NN I-NP
+for IN B-PP
+today NN B-NP
+'s POS B-NP
+parent NN I-NP
+. . O
+
+Although IN B-SBAR
+many JJ B-NP
+experts NNS I-NP
+are VBP B-VP
+advising VBG I-VP
+risk NN B-NP
+, , O
+no DT B-NP
+one CD I-NP
+has VBZ B-VP
+a DT B-NP
+good JJ I-NP
+answer NN I-NP
+for IN B-PP
+you PRP B-NP
+if IN B-SBAR
+the DT B-NP
+risk NN I-NP
+does VBZ B-VP
+n't RB I-VP
+pay VB I-VP
+off RB B-PRT
+. . O
+
+Help VB B-NP
+may MD B-VP
+be VB I-VP
+on IN B-PP
+the DT B-NP
+way NN I-NP
+. . O
+
+The DT B-NP
+antitrust JJ I-NP
+division NN I-NP
+of IN B-PP
+the DT B-NP
+Justice NNP I-NP
+Department NNP I-NP
+is VBZ B-VP
+investigating VBG I-VP
+the DT B-NP
+oddly RB I-NP
+similar JJ I-NP
+tuition NN I-NP
+charges NNS I-NP
+and CC I-NP
+increases NNS I-NP
+among IN B-PP
+the DT B-NP
+top JJ I-NP
+schools NNS I-NP
+. . O
+
+Fear NN B-NP
+of IN B-PP
+the DT B-NP
+price NN I-NP
+police NN I-NP
+could MD B-VP
+help VB I-VP
+cool JJ I-VP
+things NNS B-NP
+off IN B-PRT
+in IN B-PP
+the DT B-NP
+1990s CD I-NP
+. . O
+
+And CC O
+then RB B-ADVP
+there EX B-NP
+'s VBZ B-VP
+always RB B-ADVP
+State NNP B-NP
+U NNP I-NP
+. . O
+
+But CC O
+parents NNS B-NP
+' POS B-NP
+craving NN I-NP
+for IN B-PP
+a DT B-NP
+top-rated JJ I-NP
+education NN I-NP
+for IN B-PP
+their PRP$ B-NP
+children NNS I-NP
+is VBZ B-VP
+growing VBG I-VP
+like IN B-PP
+their PRP$ B-NP
+taste NN I-NP
+for IN B-PP
+fancy JJ B-NP
+wheels NNS I-NP
+and CC O
+vintage JJ B-NP
+wine NN I-NP
+. . O
+
+Belatedly RB B-ADVP
+aware JJ B-ADJP
+of IN B-PP
+public JJ B-NP
+concern NN I-NP
+, , O
+lawmakers NNS B-NP
+and CC O
+financial JJ B-NP
+middlemen NNS I-NP
+are VBP B-VP
+working VBG I-VP
+overtime NN B-ADVP
+to TO B-VP
+create VB I-VP
+and CC I-VP
+sell VB I-VP
+college NN B-NP
+savings NNS I-NP
+and CC I-NP
+investment NN I-NP
+schemes NNS I-NP
+. . O
+
+Their PRP$ B-NP
+message NN I-NP
+, , O
+explicit JJ B-ADJP
+or CC I-ADJP
+implicit JJ I-ADJP
+, , O
+is VBZ B-VP
+that IN B-SBAR
+a DT B-NP
+good JJ I-NP
+college NN I-NP
+will MD B-VP
+cost VB I-VP
+so RB B-NP
+much JJ I-NP
+by IN B-PP
+whenever WRB B-ADVP
+you PRP B-NP
+want VBP B-VP
+it PRP B-NP
+that IN B-SBAR
+the DT B-NP
+tried VBN I-NP
+and CC I-NP
+true JJ I-NP
+wo MD B-VP
+n't RB I-VP
+do VB I-VP
+anymore RB B-ADVP
+. . O
+
+Forget VB B-VP
+about IN B-PP
+Treasury NNP B-NP
+bills NNS I-NP
+or CC O
+a DT B-NP
+money-market JJ I-NP
+fund NN I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+wave NN I-NP
+of IN B-PP
+marketing NN B-NP
+is VBZ B-VP
+instructive JJ B-ADJP
+. . O
+
+Several JJ B-NP
+outfits NN I-NP
+-- : O
+including VBG B-PP
+the DT B-NP
+Financial NNP I-NP
+Programs NNS I-NP
+, , O
+Franklin NNP B-NP
+, , O
+and CC O
+T. NNP B-NP
+Rowe NNP I-NP
+Price NNP I-NP
+mutual-fund JJ I-NP
+groups NNS I-NP
+and CC O
+the DT B-NP
+Edward NNP I-NP
+D. NNP I-NP
+Jones NNP I-NP
+brokerage NN I-NP
+house NN I-NP
+-- : O
+are VBP B-VP
+advertising VBG I-VP
+`` `` B-NP
+college NN I-NP
+planner NN I-NP
+'' '' I-NP
+tables NNS I-NP
+and CC I-NP
+charts NNS I-NP
+that WDT B-NP
+tell VBP B-VP
+you PRP B-NP
+how WRB B-NP
+much JJ I-NP
+you PRP B-NP
+need VBP B-VP
+to TO I-VP
+put VB I-VP
+aside RB B-ADVP
+regularly RB B-ADVP
+. . O
+
+The DT B-NP
+calculations NNS I-NP
+generally RB B-ADVP
+rely VBP B-VP
+on IN B-PP
+an DT B-NP
+after-tax JJ I-NP
+rate NN I-NP
+of IN B-PP
+return NN B-NP
+of IN B-PP
+8 CD B-NP
+% NN I-NP
+annually RB B-ADVP
+-- : O
+a DT B-NP
+rate NN I-NP
+historically RB B-ADJP
+obtainable JJ I-ADJP
+by IN B-PP
+the DT B-NP
+individual NN I-NP
+in IN B-PP
+only RB B-NP
+one CD I-NP
+place NN I-NP
+, , O
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+mailers NNS I-NP
+are VBP B-VP
+free JJ B-ADJP
+, , O
+but CC O
+Denver-based NNP B-NP
+Financial NNP I-NP
+Programs NNS I-NP
+sells VBZ B-VP
+, , O
+for IN B-PP
+$ $ B-NP
+15 CD I-NP
+, , O
+a DT B-NP
+version NN I-NP
+customized VBN B-VP
+to TO B-PP
+the DT B-NP
+age NN I-NP
+of IN B-PP
+the DT B-NP
+child NN I-NP
+and CC O
+the DT B-NP
+college NN I-NP
+of IN B-PP
+choice NN B-NP
+. . O
+
+The DT B-NP
+figures NNS I-NP
+are VBP B-VP
+shocking JJ B-ADJP
+. . O
+
+To TO B-VP
+build VB I-VP
+a DT B-NP
+nest NN I-NP
+egg NN I-NP
+that WDT B-NP
+would MD B-VP
+pay VB I-VP
+for IN B-PP
+Stanford NNP B-NP
+when WRB B-ADVP
+a DT B-NP
+current JJ I-NP
+first-grader NN I-NP
+reaches VBZ B-VP
+college NN B-NP
+age NN I-NP
+, , O
+parents NNS B-NP
+would MD B-VP
+need VB I-VP
+to TO I-VP
+set VB I-VP
+aside RB B-ADVP
+$ $ B-NP
+773.94 CD I-NP
+a DT B-NP
+month NN I-NP
+-- : O
+for IN B-PP
+12 CD B-NP
+years NNS I-NP
+. . O
+
+They PRP B-NP
+can MD B-VP
+cut VB I-VP
+this DT B-NP
+to TO B-PP
+$ $ B-NP
+691.09 CD I-NP
+a DT B-NP
+month NN I-NP
+if IN B-SBAR
+the DT B-NP
+investing VBG I-NP
+keeps VBZ B-VP
+up IN B-PRT
+through IN B-PP
+college NN B-NP
+. . O
+
+And CC O
+they PRP B-NP
+can MD B-VP
+further VB I-VP
+reduce VB I-VP
+the DT B-NP
+monthly JJ I-NP
+amount NN I-NP
+if IN B-SBAR
+they PRP B-NP
+start VBP B-VP
+saving VBG I-VP
+earlier RBR B-ADVP
+-- : O
+when WRB B-ADVP
+mother NN B-NP
+and CC I-NP
+child NN I-NP
+come VB B-VP
+home NN B-NP
+from IN B-PP
+the DT B-NP
+hospital NN I-NP
+. . O
+
+Plugging VBG B-VP
+a DT B-NP
+cheaper JJR I-NP
+college NN I-NP
+into IN B-PP
+the DT B-NP
+formulas NNS I-NP
+still RB B-ADVP
+does VBZ B-VP
+n't RB I-VP
+generate VB I-VP
+an DT B-NP
+installment NN I-NP
+most RBS B-NP
+people NNS I-NP
+can MD B-VP
+live VB I-VP
+with RB B-PP
+. . O
+
+Using VBG B-VP
+a DT B-NP
+recent JJ I-NP
+average JJ I-NP
+private-school JJ I-NP
+cost NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+12,500 CD I-NP
+a DT B-NP
+year NN I-NP
+, , O
+T. NNP B-NP
+Rowe NNP I-NP
+Price NNP I-NP
+'s POS B-NP
+planner NN I-NP
+prescribes VBZ B-VP
+$ $ B-NP
+450 CD I-NP
+monthly JJ B-ADVP
+if IN B-SBAR
+the DT B-NP
+plan NN I-NP
+begins VBZ B-VP
+when WRB B-ADVP
+the DT B-NP
+child NN I-NP
+is VBZ B-VP
+six CD B-NP
+. . O
+
+Since IN B-SBAR
+the DT B-NP
+formula NN I-NP
+assumes VBZ B-VP
+an DT B-NP
+8 CD I-NP
+% NN I-NP
+before-tax JJ I-NP
+return NN I-NP
+in IN B-PP
+a DT B-NP
+mutual JJ I-NP
+fund NN I-NP
+, , O
+there EX B-NP
+would MD B-VP
+also RB I-VP
+be VB I-VP
+$ $ B-NP
+16,500 CD I-NP
+in IN B-PP
+taxes NNS B-NP
+to TO B-VP
+pay VB I-VP
+over IN B-PP
+the DT B-NP
+12 CD I-NP
+years NNS I-NP
+. . O
+
+Not RB B-NP
+everyone NN I-NP
+is VBZ B-VP
+so RB B-ADJP
+pessimistic JJ I-ADJP
+. . O
+
+`` `` O
+People NNS B-NP
+are VBP B-VP
+basically RB I-VP
+peddling VBG I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+fear NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Arthur NNP B-NP
+Hauptman NNP I-NP
+, , O
+a DT B-NP
+consultant NN I-NP
+to TO B-PP
+the DT B-NP
+American NNP I-NP
+Council NNP I-NP
+on IN B-PP
+Education NNP B-NP
+in IN B-PP
+Washington NNP B-NP
+. . O
+
+He PRP B-NP
+takes VBZ B-VP
+issue NN B-NP
+with IN B-PP
+projections NNS B-NP
+that WDT B-NP
+do VBP B-VP
+n't RB O
+factor VB B-NP
+in IN B-PRT
+students NNS B-NP
+' POS B-NP
+own JJ I-NP
+contribution NN I-NP
+, , O
+which WDT B-NP
+reduces VBZ B-VP
+most RBS B-NP
+parents NNS I-NP
+' POS B-NP
+burden NN I-NP
+substantially RB B-ADVP
+. . O
+
+Still RB B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+it PRP B-NP
+'s VBZ B-VP
+no DT B-NP
+bad JJ I-NP
+thing NN I-NP
+'' '' O
+if IN B-SBAR
+all PDT B-NP
+the DT I-NP
+marketing NN I-NP
+prods VBZ B-VP
+people NNS B-NP
+into IN B-PP
+putting VBG B-VP
+aside RB B-ADVP
+a DT B-NP
+little RB I-NP
+more JJR I-NP
+. . O
+
+`` `` O
+The DT B-NP
+situation NN I-NP
+you PRP B-NP
+want VBP B-VP
+to TO I-VP
+avoid VB I-VP
+is VBZ B-VP
+having VBG B-VP
+somebody NN B-NP
+not RB B-VP
+save VB I-VP
+anything NN B-NP
+and CC O
+hope NN B-VP
+they PRP B-NP
+'ll MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+do VB I-VP
+it PRP B-NP
+out IN B-PP
+of IN B-PP
+current JJ B-NP
+income NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+crazy JJ B-ADJP
+. . O
+'' '' O
+
+His PRP$ B-NP
+advice NN I-NP
+: : O
+Do VBP B-VP
+n't RB I-VP
+panic VB I-VP
+. . O
+
+Parents NNS B-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+should MD B-VP
+aim VB I-VP
+at IN B-PP
+whatever WDT B-NP
+regular JJ I-NP
+investment NN I-NP
+sum NN I-NP
+they PRP B-NP
+can MD B-VP
+afford VB I-VP
+. . O
+
+Half NN B-NP
+the DT B-NP
+amount NN I-NP
+that IN B-NP
+the DT B-NP
+investment NN I-NP
+tables NNS I-NP
+suggest VBP B-VP
+might MD B-VP
+be VB I-VP
+a DT B-NP
+good JJ I-NP
+goal NN I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+That DT B-NP
+way NN I-NP
+, , O
+parents NNS B-NP
+will MD B-VP
+reduce VB I-VP
+borrowings NNS B-NP
+and CC O
+outlays NNS B-NP
+from IN B-PP
+current JJ B-NP
+income NN I-NP
+when WRB B-ADVP
+the DT B-NP
+time NN I-NP
+comes VBZ B-VP
+to TO B-VP
+pay VB I-VP
+tuition NN B-NP
+. . O
+
+Mr. NNP B-NP
+Hauptman NNP I-NP
+reckons VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+best JJS I-NP
+investment NN I-NP
+choice NN I-NP
+is VBZ B-VP
+mutual JJ B-NP
+funds NNS I-NP
+because IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+managed VBN I-VP
+and CC O
+over IN B-PP
+time NN B-NP
+have VBP B-VP
+nearly RB B-ADVP
+kept VBN B-VP
+up IN B-PRT
+with IN B-PP
+the DT B-NP
+broad JJ I-NP
+stock NN I-NP
+averages NNS I-NP
+. . O
+
+He PRP B-NP
+favors VBZ B-VP
+either DT B-NP
+an DT B-NP
+all-stock JJ I-NP
+fund NN I-NP
+or CC O
+a DT B-NP
+balanced JJ I-NP
+fund NN I-NP
+that IN B-NP
+mixes VBZ B-VP
+both DT B-NP
+stocks NNS I-NP
+and CC I-NP
+bonds NNS I-NP
+. . O
+
+In IN B-PP
+their PRP$ B-NP
+anxiety NN I-NP
+, , O
+however RB B-ADVP
+, , O
+parents NNS B-NP
+and CC O
+other JJ B-NP
+student NN I-NP
+benefactors NNS I-NP
+are VBP B-VP
+flocking VBG I-VP
+to TO B-PP
+new JJ B-NP
+schemes NNS I-NP
+. . O
+
+They PRP B-NP
+have VBP B-VP
+laid VBN I-VP
+out IN B-PRT
+about RB B-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+for IN B-PP
+so-called JJ B-NP
+baccalaureate NN I-NP
+zero-coupon JJ I-NP
+municipal JJ I-NP
+bonds NNS I-NP
+-- : O
+so RB B-VP
+far RB I-VP
+offered VBN I-VP
+by IN B-PP
+Connecticut NNP B-NP
+, , O
+Illinois NNP B-NP
+, , O
+Virginia NNP B-NP
+and CC O
+eight CD B-NP
+other JJ I-NP
+states NNS I-NP
+. . O
+
+And CC O
+they PRP B-NP
+have VBP B-VP
+bought VBN I-VP
+about RB B-NP
+$ $ I-NP
+500 CD I-NP
+million CD I-NP
+in IN B-PP
+prepaid-tuition JJ B-NP
+plans NNS I-NP
+, , O
+offered VBN B-VP
+in IN B-PP
+Michigan NNP B-NP
+, , I-NP
+Florida NNP I-NP
+and CC I-NP
+Wyoming NNP I-NP
+. . O
+
+The DT B-NP
+prepaid JJ I-NP
+plans NNS I-NP
+take VBP B-VP
+payment NN B-NP
+today NN B-NP
+-- : O
+usually RB B-ADVP
+at IN B-PP
+current JJ B-NP
+tuitions NNS I-NP
+or CC B-PP
+at IN B-PP
+a DT B-NP
+slight JJ I-NP
+discount NN I-NP
+-- : O
+for IN B-PP
+a DT B-NP
+promise NN I-NP
+that DT O
+tuition NN B-NP
+will MD B-VP
+be VB I-VP
+covered VBN I-VP
+tomorrow NN B-NP
+. . O
+
+The DT B-NP
+baccalaureate NN I-NP
+bonds NNS I-NP
+-- : O
+tax-free JJ B-ADJP
+, , O
+offered VBN B-VP
+in IN B-PP
+small JJ B-NP
+denominations NNS I-NP
+and CC O
+usually RB B-VP
+containing VBG I-VP
+a DT B-NP
+provision NN I-NP
+that IN B-SBAR
+they PRP B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+called VBN I-VP
+before IN B-PP
+maturity NN B-NP
+-- : O
+seem VB B-VP
+to TO I-VP
+be VB I-VP
+tailor-made JJ B-ADJP
+for IN B-PP
+college NN B-NP
+savers NNS I-NP
+. . O
+
+Like IN B-PP
+other JJ B-NP
+zeros NNS I-NP
+, , O
+they PRP B-NP
+pay VBP B-VP
+all DT B-NP
+their PRP$ I-NP
+interest NN I-NP
+at IN B-PP
+maturity NN B-NP
+, , O
+meaning NN B-VP
+that IN B-SBAR
+buyers NNS B-NP
+can MD B-VP
+time VB I-VP
+things NNS B-NP
+so RB B-SBAR
+that IN I-SBAR
+their PRP$ B-NP
+bonds NNS I-NP
+pay VBP B-VP
+off IN B-PRT
+just RB B-ADVP
+when WRB I-ADVP
+Junior JJ B-NP
+graduates NNS B-VP
+from IN B-PP
+high JJ B-NP
+school NN I-NP
+. . O
+
+Their PRP$ B-NP
+compounding NN I-NP
+effect NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+alluring JJ B-ADJP
+. . O
+
+In IN B-PP
+June NNP B-NP
+, , O
+Virginia NNP B-NP
+sold VBD B-VP
+bonds NNS B-NP
+for IN B-PP
+$ $ B-NP
+268.98 CD I-NP
+that WDT B-NP
+will MD B-VP
+pay VB I-VP
+$ $ B-NP
+1,000 CD I-NP
+in IN B-PP
+2009 CD B-NP
+. . O
+
+But CC O
+Richard NNP B-NP
+Anderson NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+the DT B-NP
+Forum NNP I-NP
+for IN B-PP
+College NNP B-NP
+Financing NNP I-NP
+Alternatives NNP I-NP
+, , O
+at IN B-PP
+Columbia NNP B-NP
+University NNP I-NP
+, , O
+a DT B-NP
+research NN I-NP
+group NN I-NP
+partly RB B-VP
+financed VBD I-VP
+by IN B-PP
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+, , O
+says VBZ B-VP
+zeros NNS B-NP
+are VBP B-VP
+particularly RB B-ADJP
+ill-suited JJ I-ADJP
+. . O
+
+Their PRP$ B-NP
+price NN I-NP
+falls VBZ B-VP
+further JJ B-ADVP
+than IN B-PP
+that DT B-NP
+of IN B-PP
+other JJ B-NP
+bonds NNS I-NP
+when WRB B-ADVP
+inflation NN B-NP
+and CC O
+interest NN B-NP
+rates NNS I-NP
+kick VBP B-VP
+up RB B-PRT
+. . O
+
+That DT B-NP
+wo MD B-VP
+n't RB I-VP
+matter VB I-VP
+if IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+held VBN I-VP
+to TO B-PP
+maturity NN B-NP
+, , O
+but CC O
+if IN B-SBAR
+, , O
+for IN B-PP
+any DT B-NP
+reason NN I-NP
+, , O
+the DT B-NP
+parents NNS I-NP
+need VBP B-VP
+to TO I-VP
+sell VB I-VP
+them PRP B-NP
+before IN B-PP
+then RB B-NP
+, , O
+there EX B-NP
+could MD B-VP
+be VB I-VP
+a DT B-NP
+severe JJ I-NP
+loss NN I-NP
+of IN B-PP
+principal NN B-NP
+. . O
+
+Had VBD O
+zeros NNS B-NP
+been VBN B-VP
+available JJ B-ADJP
+in IN B-PP
+1972 CD B-NP
+and CC O
+had VBD O
+parents NNS B-NP
+bought VBD B-VP
+a DT B-NP
+face NN I-NP
+amount NN I-NP
+equal JJ B-ADJP
+to TO B-PP
+four CD B-NP
+years NNS I-NP
+' POS B-NP
+tuition NN I-NP
+at IN B-PP
+the DT B-NP
+time NN I-NP
+, , O
+aiming VBG B-VP
+for IN B-PP
+their PRP$ B-NP
+children NNS I-NP
+'s POS B-NP
+1988 CD I-NP
+enrollment NN I-NP
+, , O
+they PRP B-NP
+would MD B-VP
+have VB I-VP
+been VBN I-VP
+left VBN I-VP
+with IN B-PP
+only RB B-NP
+enough RB I-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+two CD B-NP
+years NNS I-NP
+, , O
+Mr. NNP B-NP
+Anderson NNP I-NP
+figures VBZ B-VP
+. . O
+
+Most JJS B-NP
+other JJ I-NP
+bonds NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+would MD B-VP
+probably RB I-VP
+not RB I-VP
+have VB I-VP
+fared VBN I-VP
+much RB B-ADVP
+better JJR I-ADVP
+. . O
+
+The DT B-NP
+prepaid JJ I-NP
+plans NNS I-NP
+may MD B-VP
+be VB I-VP
+a DT B-NP
+good JJ I-NP
+bet NN I-NP
+, , O
+provided VBD B-PP
+the DT B-NP
+guarantee NN I-NP
+of IN B-PP
+future NN B-NP
+tuition NN I-NP
+is VBZ B-VP
+secure VB B-ADJP
+. . O
+
+Issuing VBG B-NP
+states NNS I-NP
+generally RB B-ADVP
+limit VBP B-VP
+the DT B-NP
+guarantees NNS I-NP
+to TO B-PP
+in-state JJ B-NP
+institutions NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+and CC O
+buyers NNS B-NP
+get VBP B-VP
+refunds NNS B-NP
+without IN B-PP
+much JJ B-NP
+interest NN I-NP
+if IN B-SBAR
+the DT B-NP
+children NNS I-NP
+do VBP B-VP
+n't RB I-VP
+attend VB I-VP
+the DT B-NP
+specified VBN I-NP
+schools NNS I-NP
+. . O
+
+Two CD B-NP
+private JJ I-NP
+groups NNS I-NP
+are VBP B-VP
+seeking VBG I-VP
+Securities NNPS B-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+approval NN I-NP
+for IN B-PP
+plans NNS B-NP
+that WDT B-NP
+could MD B-VP
+be VB I-VP
+more RBR B-ADVP
+broadly RB I-ADVP
+transferable JJ B-ADVP
+. . O
+
+Mr. NNP B-NP
+Anderson NNP I-NP
+wants VBZ B-VP
+the DT B-NP
+prestige NN I-NP
+colleges NNS I-NP
+to TO B-VP
+sponsor VB I-VP
+such JJ B-NP
+a DT I-NP
+plan NN I-NP
+. . O
+
+The DT B-NP
+issue NN I-NP
+here RB B-ADVP
+may MD B-VP
+be VB I-VP
+the DT B-NP
+soundness NN I-NP
+of IN B-PP
+the DT B-NP
+guarantee NN I-NP
+. . O
+
+Prepayments NNS B-NP
+, , O
+much JJ B-ADVP
+like IN B-PP
+mutual-fund JJ B-NP
+purchases NNS I-NP
+, , O
+are VBP B-VP
+pooled VBN I-VP
+for IN B-PP
+investment NN B-NP
+. . O
+
+Sponsors NNS B-NP
+are VBP B-VP
+naturally RB I-VP
+counting VBG I-VP
+on IN B-PP
+their PRP$ B-NP
+ability NN I-NP
+to TO B-VP
+keep VB I-VP
+ahead RB B-ADJP
+of IN B-PP
+tuition NN B-NP
+inflation NN I-NP
+with IN B-PP
+investment NN B-NP
+returns NNS I-NP
+. . O
+
+But CC O
+buyers NNS B-NP
+are VBP B-VP
+essentially RB I-VP
+betting VBG I-VP
+on IN B-PP
+a DT B-NP
+start-up JJ I-NP
+investment NN I-NP
+fund NN I-NP
+with IN B-PP
+no DT B-NP
+track NN I-NP
+record NN I-NP
+-- : O
+and CC O
+some DT B-NP
+have NN B-VP
+been VBN I-VP
+encouraged VBN I-VP
+to TO I-VP
+borrow VB I-VP
+to TO B-VP
+do VB I-VP
+so RB B-ADVP
+. . O
+
+One CD B-NP
+problem NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+Internal NNP I-NP
+Revenue NNP I-NP
+Service NNP I-NP
+has VBZ B-VP
+decided VBN I-VP
+that IN B-SBAR
+the DT B-NP
+investment NN I-NP
+earnings NNS I-NP
+and CC I-NP
+gains NNS I-NP
+of IN B-PP
+the DT B-NP
+sponsors NNS I-NP
+' POS B-NP
+funds NNS I-NP
+are VBP B-VP
+taxable JJ B-ADJP
+. . O
+
+The DT B-NP
+colleges NNS I-NP
+, , O
+as IN B-PP
+educational JJ B-NP
+institutions NNS I-NP
+, , O
+had VBD B-VP
+hoped VBN I-VP
+that WDT B-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+the DT B-NP
+case NN I-NP
+. . O
+
+Based VBN B-PP
+on IN B-PP
+historical JJ B-NP
+rates NNS I-NP
+of IN B-PP
+return NN B-NP
+, , O
+Mr. NNP B-NP
+Anderson NNP I-NP
+reckons VBZ B-VP
+a DT B-NP
+100 CD I-NP
+% NN I-NP
+stock NN I-NP
+portfolio NN I-NP
+, , O
+indexed VBN B-VP
+to TO B-PP
+the DT B-NP
+market NN I-NP
+, , O
+would MD B-VP
+have VB I-VP
+kept VBN I-VP
+up IN B-PRT
+with IN B-PP
+tuition NN B-NP
+and CC I-NP
+taxes NNS I-NP
+in IN B-PP
+the DT B-NP
+20th JJ I-NP
+century NN I-NP
+. . O
+
+But CC O
+sponsors NNS B-NP
+might MD B-VP
+not RB I-VP
+pick VB I-VP
+the DT B-NP
+stocks NNS I-NP
+that WDT B-NP
+will MD B-VP
+match VB I-VP
+the DT B-NP
+market NN I-NP
+. . O
+
+And CC O
+they PRP B-NP
+'re VBP B-VP
+leaning VBG I-VP
+more RBR B-ADVP
+toward IN B-PP
+fixed VBN B-NP
+income NN I-NP
+, , O
+whose WP$ B-NP
+returns NNS I-NP
+after IN B-PP
+tax NN B-NP
+have VBP B-VP
+trailed VBN I-VP
+tuition NN B-NP
+increases NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+not RB O
+sure JJ B-ADJP
+they PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+make VB I-VP
+it PRP B-NP
+work VB B-VP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Anderson NNP I-NP
+. . O
+
+What WP B-NP
+happens VBZ B-VP
+if IN B-SBAR
+the DT B-NP
+sponsors NNS I-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+the DT B-NP
+cash NN I-NP
+to TO B-VP
+pay VB I-VP
+the DT B-NP
+tuitions NNS I-NP
+? . O
+
+Florida NNP B-NP
+and CC I-NP
+Wyoming NNP I-NP
+have VBP B-VP
+backed VBN I-VP
+up IN B-PRT
+their PRP$ B-NP
+guarantees NNS I-NP
+with IN B-PP
+the DT B-NP
+full JJ I-NP
+faith NN I-NP
+and CC I-NP
+credit NN I-NP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+governments NNS I-NP
+, , O
+meaning NN B-VP
+that IN B-SBAR
+taxpayers NNS B-NP
+will MD B-VP
+pick VB I-VP
+up IN B-PRT
+any DT B-NP
+slack NN I-NP
+. . O
+
+Not RB B-ADVP
+so RB I-ADVP
+Michigan NNP B-NP
+. . O
+
+Its PRP$ B-NP
+plan NN I-NP
+is VBZ B-VP
+set VBN I-VP
+up IN B-PRT
+as IN B-PP
+an DT B-NP
+independent JJ I-NP
+agency NN I-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+says VBZ B-VP
+there EX B-NP
+'s VBZ B-VP
+no DT B-NP
+worry NN I-NP
+-- : O
+investment NN B-NP
+returns NNS I-NP
+, , O
+combined VBN B-VP
+with IN B-PP
+fees NNS B-NP
+and CC O
+the DT B-NP
+gains NNS I-NP
+from IN B-PP
+unused JJ B-NP
+plans NNS I-NP
+, , O
+will MD B-VP
+provide VB I-VP
+all PDT B-NP
+the DT I-NP
+cash NN I-NP
+it PRP B-NP
+needs VBZ B-VP
+. . O
+
+Mr. NNP B-NP
+Putka NNP I-NP
+covers VBZ B-VP
+education NN B-NP
+from IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Boston NNP I-NP
+bureau NN I-NP
+. . O
+
+If IN B-SBAR
+you PRP B-NP
+start VBP B-VP
+saving VBG I-VP
+for IN B-PP
+your PRP$ B-NP
+child NN I-NP
+'s POS B-NP
+eduction NN I-NP
+on IN B-PP
+Jan. NNP B-NP
+1 CD I-NP
+, , I-NP
+1990 CD I-NP
+, , O
+here RB B-ADVP
+'s VBZ B-VP
+the DT B-NP
+monthly JJ I-NP
+sum NN I-NP
+you PRP B-NP
+will MD B-VP
+need VB I-VP
+to TO I-VP
+invest VB I-VP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+four CD B-NP
+years NNS I-NP
+at IN B-PP
+Yale NNP B-NP
+, , O
+Notre NNP B-NP
+Dame NNP I-NP
+and CC O
+University NNP B-NP
+of IN B-PP
+Minnesota NNP B-NP
+. . O
+
+Figures NNS B-NP
+assume VBP B-VP
+a DT B-NP
+7 CD I-NP
+% NN I-NP
+annual JJ I-NP
+rise NN I-NP
+in IN B-PP
+tuition NN B-NP
+, , O
+fees NNS B-NP
+, , O
+room NN B-NP
+and CC I-NP
+board NN I-NP
+and CC O
+an DT B-NP
+8 CD I-NP
+% NN I-NP
+annual JJ I-NP
+investment NN I-NP
+return NN I-NP
+. . O
+
+Note VB B-VP
+: : O
+These DT B-NP
+figures NNS I-NP
+are VBP B-VP
+only RB B-ADVP
+for IN B-PP
+mandatory JJ B-NP
+charges NNS I-NP
+and CC O
+do VBP B-VP
+n't RB I-VP
+include VB I-VP
+books NNS B-NP
+, , O
+transportation NN B-NP
+etc FW B-NP
+. . O
+
+\* SYM O
+For IN B-PP
+in-state JJ B-NP
+students NNS I-NP
+
+Source NN B-NP
+: : O
+PaineWebber NNP B-NP
+Inc NNP I-NP
+. . O
+
+AMONG IN B-PP
+THE DT B-NP
+CATFISH NNS I-NP
+farmers NNS I-NP
+in IN B-PP
+the DT B-NP
+watery JJ I-NP
+delta NN I-NP
+land NN I-NP
+of IN B-PP
+Humphreys NNP B-NP
+County NNP I-NP
+, , O
+Miss. NNP B-NP
+, , O
+Allen NNP B-NP
+D. NNP I-NP
+Tharp NNP I-NP
+of IN B-PP
+Isola NNP B-NP
+was VBD B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+best RBS I-NP
+known VBN I-NP
+and CC I-NP
+most RBS I-NP
+enterprising JJ I-NP
+. . O
+
+He PRP B-NP
+sold VBD B-VP
+quarter-inch JJ B-NP
+fingerlings NNS I-NP
+to TO B-VP
+stock VB I-VP
+other JJ B-NP
+farmers NNS I-NP
+' POS B-NP
+ponds NNS I-NP
+, , O
+and CC O
+he PRP B-NP
+bought VBD B-VP
+back RB B-ADVP
+one-pound-or-so JJ B-NP
+food-fish NNS I-NP
+that IN B-NP
+he PRP B-NP
+`` `` B-VP
+live-hauled VBD I-VP
+'' '' O
+to TO B-PP
+market VB B-NP
+along IN B-PP
+with IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+whiskery JJ I-NP
+crop NN I-NP
+. . O
+
+And CC O
+he PRP B-NP
+nearly RB B-ADVP
+always RB I-ADVP
+bought VBD B-VP
+and CC I-VP
+sold VBN I-VP
+for IN B-PP
+cash NN B-NP
+. . O
+
+Along IN B-PP
+the DT B-NP
+way NN I-NP
+, , O
+Mr. NNP B-NP
+Tharp NNP I-NP
+omitted VBD B-VP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+from IN B-PP
+his PRP$ B-NP
+receipts NNS I-NP
+reported VBD B-VP
+on IN B-PP
+federal JJ B-NP
+tax NN I-NP
+returns NNS I-NP
+for IN B-PP
+three CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+returns NNS I-NP
+landed VBD B-VP
+in IN B-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+an DT B-NP
+Internal NNP I-NP
+Revenue NNP I-NP
+Service NNP I-NP
+criminal JJ I-NP
+investigator NN I-NP
+, , O
+Samuel NNP B-NP
+James NNP I-NP
+Baker NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Baker NNP I-NP
+interviewed VBD B-VP
+or CC O
+wrote VBD B-VP
+to TO B-PP
+hundreds NNS B-NP
+of IN B-PP
+catfish NN B-NP
+farmers NNS I-NP
+, , O
+live-haulers NNS B-NP
+and CC O
+processors NNS B-NP
+throughout IN B-PP
+the DT B-NP
+South NNP I-NP
+before IN B-PP
+coming VBG B-VP
+up IN B-PRT
+with IN B-PP
+detailed VBN B-NP
+estimates NNS I-NP
+of IN B-PP
+purchases NNS B-NP
+and CC I-NP
+sales NNS I-NP
+, , O
+in IN B-PP
+pounds NNS B-NP
+and CC I-NP
+dollars NNS I-NP
+, , O
+by IN B-PP
+Mr. NNP B-NP
+Tharp NNP I-NP
+and CC O
+others NNS B-NP
+. . O
+
+Unknown JJ B-ADJP
+to TO B-PP
+Mr. NNP B-NP
+Tharp NNP I-NP
+, , O
+he PRP B-NP
+had VBD B-VP
+fouled VBN I-VP
+his PRP$ B-NP
+net JJ I-NP
+on IN B-PP
+a DT B-NP
+special JJ I-NP
+IRS NNP I-NP
+project NN I-NP
+to TO B-VP
+catch VB I-VP
+catfish NN B-NP
+farmers NNS I-NP
+and CC O
+haulers NNS B-NP
+inclined VBN B-VP
+to TO I-VP
+cheat VB I-VP
+on IN B-PP
+their PRP$ B-NP
+taxes NNS I-NP
+. . O
+
+Confronted VBN B-VP
+with IN B-PP
+the DT B-NP
+evidence NN I-NP
+, , O
+Mr. NNP B-NP
+Tharp NNP I-NP
+pleaded VBD B-VP
+guilty JJ B-ADJP
+to TO B-PP
+one CD B-NP
+charge NN I-NP
+of IN B-PP
+filing VBG B-VP
+a DT B-NP
+false JJ I-NP
+return NN I-NP
+and CC O
+was VBD B-VP
+fined VBN I-VP
+$ $ B-NP
+5,000 CD I-NP
+and CC O
+sentenced VBN B-VP
+to TO B-PP
+18 CD B-NP
+months NNS I-NP
+in IN B-PP
+prison NN B-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+owes VBZ B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+back RB B-NP
+taxes VBZ I-NP
+, , O
+interest NN B-NP
+and CC O
+civil JJ B-NP
+fraud NN I-NP
+penalties NNS I-NP
+. . O
+
+A DT B-NP
+lot NN I-NP
+of IN B-PP
+taxpayers NNS B-NP
+out IN B-PP
+there EX B-NP
+are VBP B-VP
+n't RB O
+as RB B-ADJP
+paranoid JJ I-ADJP
+as IN B-SBAR
+one PRP B-NP
+might MD B-VP
+think VB I-VP
+. . O
+
+Federal NNP B-NP
+and CC I-NP
+state NN I-NP
+tax NN I-NP
+enforcers NNS I-NP
+develop VBP B-VP
+many JJ B-NP
+group NN I-NP
+targets NNS I-NP
+for IN B-PP
+investigation NN B-NP
+, , O
+on IN B-PP
+the DT B-NP
+basis NN I-NP
+of IN B-PP
+occupation NN B-NP
+, , O
+high JJ B-NP
+income NN I-NP
+, , O
+type NN B-NP
+of IN B-PP
+income NN B-NP
+, , O
+or CC O
+some DT B-NP
+other JJ I-NP
+characteristic JJ I-NP
+that WDT B-NP
+may MD B-VP
+signal VB I-VP
+an DT B-NP
+opportunity NN I-NP
+or CC I-NP
+tendency NN I-NP
+to TO B-VP
+hide VB I-VP
+income NN B-NP
+or CC O
+exaggerate VB B-VP
+deductions NNS B-NP
+. . O
+
+Many JJ B-NP
+professions NNS I-NP
+long JJ B-ADVP
+have NN B-VP
+seemed VBN I-VP
+to TO I-VP
+be VB I-VP
+targets NNS B-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+exotic JJ I-NP
+or CC I-NP
+ludicrous JJ I-NP
+efforts NNS I-NP
+of IN B-PP
+some DT B-NP
+members NNS I-NP
+to TO B-VP
+offset VB I-VP
+high JJ B-NP
+income NN I-NP
+with IN B-PP
+fake JJ B-NP
+losses NNS I-NP
+from IN B-PP
+phony JJ B-NP
+tax NN I-NP
+shelters NNS I-NP
+: : O
+dentists NNS B-NP
+who WP B-NP
+invested VBD B-VP
+in IN B-PP
+dubiously RB B-NP
+dubbed VBN I-NP
+foreign JJ I-NP
+films NNS I-NP
+or CC O
+airline NN B-NP
+pilots NNS I-NP
+who WP B-NP
+raised VBD B-VP
+racehorses NNS B-NP
+on IN B-PP
+their PRP$ B-NP
+days NNS I-NP
+off RB B-ADJP
+. . O
+
+Mail-order NN B-NP
+ministers NNS I-NP
+have VBP B-VP
+been VBN I-VP
+squelched VBN I-VP
+. . O
+
+Now RB B-ADVP
+, , O
+television NN B-NP
+and CC I-NP
+radio NN I-NP
+evangelists NNS I-NP
+are VBP B-VP
+under IN B-PP
+scrutiny NN B-NP
+. . O
+
+The DT B-NP
+IRS NNP I-NP
+recently RB B-ADVP
+won VBD B-VP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+long-running JJ I-NP
+battle NN I-NP
+with IN B-PP
+the DT B-NP
+Church NNP I-NP
+of IN B-PP
+Scientology NNP B-NP
+over IN B-PP
+exemptions NNS B-NP
+when WRB B-ADVP
+the DT B-NP
+U.S. NNP I-NP
+Supreme NNP I-NP
+Court NNP I-NP
+held VBD B-VP
+that IN B-SBAR
+members NNS B-NP
+' POS B-NP
+payments NNS I-NP
+to TO B-PP
+the DT B-NP
+church NN I-NP
+were VBD B-VP
+n't RB O
+deductible JJ B-ADJP
+because IN B-SBAR
+the DT B-NP
+members NNS I-NP
+received VBD B-VP
+services NNS B-NP
+in IN B-PP
+return NN B-NP
+. . O
+
+IRS NNP B-NP
+statistics NNS I-NP
+show VBP B-VP
+that IN B-SBAR
+the DT B-NP
+more RBR I-NP
+persistent JJ I-NP
+hiders NNS I-NP
+of IN B-PP
+income NN B-NP
+among IN B-PP
+sole JJ B-NP
+proprietors NNS I-NP
+of IN B-PP
+businesses NNS B-NP
+include VBP B-VP
+used-car NN B-NP
+dealers NNS I-NP
+, , O
+entertainment NN B-NP
+producers NNS I-NP
+, , O
+masons NNS B-NP
+, , O
+roofers NNS B-NP
+, , O
+and CC O
+taxi NN B-NP
+owners NNS I-NP
+. . O
+
+Small JJ B-NP
+businesses NNS I-NP
+in IN B-PP
+general JJ B-NP
+account NN B-VP
+for IN B-PP
+almost RB B-NP
+40 CD I-NP
+% NN I-NP
+of IN B-PP
+unreported JJ B-NP
+personal JJ I-NP
+income NN I-NP
+, , O
+the DT B-NP
+IRS NNP I-NP
+has VBZ B-VP
+said VBD I-VP
+. . O
+
+Once RB B-SBAR
+such JJ B-NP
+abuses NNS I-NP
+become VBP B-VP
+so RB B-ADJP
+pervasive JJ I-ADJP
+, , O
+the DT B-NP
+IRS NNP I-NP
+builds VBZ B-VP
+another DT B-NP
+factor NN I-NP
+into IN B-PP
+its PRP$ B-NP
+secret JJ I-NP
+computer NN I-NP
+formula NN I-NP
+for IN B-PP
+selecting VBG B-VP
+returns NNS B-NP
+for IN B-PP
+audit NN B-NP
+and CC O
+does VBZ B-VP
+n't RB I-VP
+need VB I-VP
+special JJ B-NP
+projects NNS I-NP
+for IN B-PP
+them PRP B-NP
+. . O
+
+San NNP B-NP
+Franciscans NNP I-NP
+have VBP B-VP
+a DT B-NP
+much RB I-NP
+higher JJR I-NP
+incidence NN I-NP
+of IN B-PP
+audits NN B-NP
+than IN B-PP
+average JJ B-NP
+because IN B-SBAR
+more JJR B-NP
+of IN B-PP
+them PRP B-NP
+score VBP B-VP
+high JJ B-ADVP
+under IN B-PP
+that DT B-NP
+formula NN I-NP
+, , O
+not RB O
+because IN B-SBAR
+IRS NNP B-NP
+agents NNS I-NP
+envy VBP B-VP
+their PRP$ B-NP
+life NN I-NP
+styles NNS I-NP
+. . O
+
+Many JJ B-NP
+openings NNS I-NP
+for IN B-PP
+mass NN B-NP
+cheating NN I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+questionable JJ B-NP
+tax NN I-NP
+shelters NNS I-NP
+and CC I-NP
+home NN I-NP
+offices NNS I-NP
+, , O
+have VBP B-VP
+gaped VBN I-VP
+so RB B-ADVP
+broadly RB I-ADVP
+that IN B-SBAR
+Congress NNP B-NP
+has VBZ B-VP
+passed VBN I-VP
+stringent JJ B-NP
+laws NNS I-NP
+to TO B-VP
+close VB I-VP
+them PRP B-NP
+. . O
+
+Deductions NNS B-NP
+of IN B-PP
+charitable JJ B-NP
+gifts NNS I-NP
+of IN B-PP
+highly RB B-NP
+valued VBN I-NP
+art NN I-NP
+now RB B-ADVP
+must MD B-VP
+be VB I-VP
+accompanied VBN I-VP
+by IN B-PP
+appraisals NNS B-NP
+. . O
+
+And CC O
+laws NNS B-NP
+requiring VBG B-VP
+the DT B-NP
+reporting NN I-NP
+of IN B-PP
+more JJR B-NP
+varieties NNS I-NP
+of IN B-PP
+transactions NNS B-NP
+have VBP B-VP
+enabled VBN I-VP
+the DT B-NP
+IRS NNP I-NP
+to TO B-VP
+rely VB I-VP
+on IN B-PP
+computers NNS B-NP
+to TO B-VP
+ferret VB I-VP
+out RP B-PRT
+discrepancies NNS B-NP
+with IN B-PP
+returns NNS B-NP
+and CC O
+to TO B-VP
+generate VB I-VP
+form-letter JJ B-NP
+inquiries NNS I-NP
+to TO B-PP
+taxpayers NNS B-NP
+. . O
+
+Unreported JJ B-NP
+alimony NN I-NP
+income NN I-NP
+can MD B-VP
+be VB I-VP
+spotted VBN I-VP
+by IN B-PP
+computer NN B-NP
+because IN B-SBAR
+a DT B-NP
+payer NN I-NP
+of IN B-PP
+alimony NN B-NP
+-LRB- ( O
+who WP B-NP
+gets VBZ B-VP
+a DT B-NP
+deduction NN I-NP
+-RRB- ) O
+must MD B-VP
+report VB I-VP
+the DT B-NP
+former JJ I-NP
+spouse NN I-NP
+'s POS B-NP
+Social NNP I-NP
+Security NNP I-NP
+number NN I-NP
+. . O
+
+Passport NN B-NP
+applicants NNS I-NP
+now RB B-ADVP
+must MD B-VP
+give VB I-VP
+Social NNP B-NP
+Security NNP I-NP
+numbers NNS I-NP
+, , O
+enabling VBG B-VP
+the DT B-NP
+IRS NNP I-NP
+to TO B-VP
+see VB I-VP
+whether IN B-SBAR
+Americans NNPS B-NP
+living VBG B-VP
+abroad RB B-ADVP
+are VBP B-VP
+filing VBG I-VP
+required VBN B-NP
+U.S. NNP I-NP
+returns NNS I-NP
+. . O
+
+But CC O
+while IN B-SBAR
+IRS NNP B-NP
+computers NNS I-NP
+focus VBP B-VP
+routinely RB B-ADVP
+on IN B-PP
+target NN B-NP
+groups NNS I-NP
+like IN B-PP
+these DT B-NP
+, , O
+the DT B-NP
+agency NN I-NP
+has VBZ B-VP
+assigned VBN I-VP
+many JJ B-NP
+agents NNS I-NP
+to TO B-PP
+special JJ B-NP
+projects NNS I-NP
+that WDT B-NP
+need VBP B-VP
+more RBR B-NP
+personal JJ I-NP
+attention NN I-NP
+. . O
+
+In IN B-PP
+most RBS B-NP
+cases NNS I-NP
+, , O
+the DT B-NP
+IRS NNP I-NP
+says VBZ B-VP
+, , O
+these DT B-NP
+projects NNS I-NP
+are VBP B-VP
+local JJ B-ADJP
+or CC I-ADJP
+regional JJ I-ADJP
+, , O
+rather RB B-PP
+than IN I-PP
+national JJ B-ADJP
+, , O
+and CC O
+arise VB B-VP
+because IN B-SBAR
+auditors NNS B-NP
+in IN B-PP
+an DT B-NP
+area NN I-NP
+detect VB B-VP
+some DT B-NP
+pattern NN I-NP
+of IN B-PP
+abuse NN B-NP
+among IN B-PP
+, , O
+say VBP B-INTJ
+, , O
+factory NN B-NP
+workers NNS I-NP
+claiming VBG B-VP
+that IN B-SBAR
+having VBG B-VP
+a DT B-NP
+multitude NN I-NP
+of IN B-PP
+dependents NNS B-NP
+frees VBZ B-VP
+them PRP B-NP
+from IN B-PP
+tax NN B-NP
+withholding NN I-NP
+or CC O
+yacht NN B-NP
+owners NNS I-NP
+deducting VBG B-VP
+losses NNS B-NP
+from IN B-PP
+sideline NN B-NP
+charter NN I-NP
+businesses NNS I-NP
+. . O
+
+The DT B-NP
+national JJ I-NP
+office NN I-NP
+currently RB B-ADVP
+has VBZ B-VP
+21 CD B-NP
+noncriminal JJ I-NP
+audit NN I-NP
+projects NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Marshall NNP B-NP
+V. NNP I-NP
+Washburn NNP I-NP
+, , O
+deputy NN B-NP
+assistant NN I-NP
+commissioner NN I-NP
+for IN B-PP
+examination NN B-NP
+. . O
+
+Auditors NNS B-NP
+involved VBN B-VP
+in IN B-PP
+noncriminal JJ B-NP
+projects NNS I-NP
+ca MD B-VP
+n't RB I-VP
+send VB I-VP
+anyone NN B-NP
+to TO B-PP
+jail VB B-NP
+, , O
+but CC O
+they PRP B-NP
+can MD B-VP
+make VB I-VP
+life NN B-NP
+miserable JJ B-ADJP
+in IN B-PP
+other JJ B-NP
+ways NNS I-NP
+-- : O
+for IN B-PP
+one CD B-NP
+, , O
+by IN B-PP
+imposing VBG B-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+150 CD I-NP
+different JJ I-NP
+civil JJ I-NP
+penalties NNS I-NP
+for IN B-PP
+negligence NN B-NP
+, , O
+failure NN B-NP
+to TO B-VP
+file VB I-VP
+a DT B-NP
+return NN I-NP
+, , O
+and CC O
+the DT B-NP
+like NN I-NP
+. . O
+
+The DT B-NP
+targeted VBN I-NP
+audit NN I-NP
+groups NNS I-NP
+include VBP B-VP
+direct JJ B-NP
+sellers NNS I-NP
+-- : O
+people NNS B-NP
+who WP B-NP
+sell VBP B-VP
+cosmetics NNS B-NP
+, , O
+housewares NNS B-NP
+and CC O
+other JJ B-NP
+items NNS I-NP
+door NN B-ADVP
+to TO I-ADVP
+door NN I-ADVP
+or CC O
+at IN B-PP
+home NN B-NP
+parties NNS I-NP
+-- : O
+and CC O
+employers NNS B-NP
+who WP B-NP
+label VBP B-VP
+workers NNS B-NP
+as IN B-PP
+independent JJ B-NP
+contractors NNS I-NP
+instead RB B-PP
+of IN I-PP
+employees NNS B-NP
+, , O
+to TO B-VP
+avoid VB I-VP
+the DT B-NP
+employer NN I-NP
+share NN I-NP
+of IN B-PP
+payroll NN B-NP
+taxes NNS I-NP
+. . O
+
+Other JJ B-NP
+projects NNS I-NP
+look VBP B-VP
+for IN B-PP
+offenders NNS B-NP
+among IN B-PP
+waiters NNS B-NP
+who WP B-NP
+get VBP B-VP
+cash NN B-NP
+tips NNS I-NP
+, , O
+people NNS B-NP
+who WP B-NP
+engage VBP B-VP
+in IN B-PP
+large JJ B-NP
+cash NN I-NP
+transactions NNS I-NP
+, , O
+and CC O
+people NNS B-NP
+whose WP$ B-NP
+returns NNS I-NP
+show VBP B-VP
+they PRP B-NP
+sold VBD B-VP
+a DT B-NP
+home NN I-NP
+for IN B-PP
+a DT B-NP
+profit NN I-NP
+without IN B-PP
+reinvesting VBG B-VP
+the DT B-NP
+capital NN I-NP
+gain NN I-NP
+in IN B-PP
+another DT B-NP
+home NN I-NP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+same JJ I-NP
+year NN I-NP
+; : O
+the DT B-NP
+gain NN I-NP
+must MD B-VP
+be VB I-VP
+rolled VBN I-VP
+over IN B-PRT
+within IN B-PP
+two CD B-NP
+years NNS I-NP
+to TO B-VP
+defer VB I-VP
+tax NN B-NP
+. . O
+
+And CC O
+now RB B-SBAR
+that IN I-SBAR
+returns NNS B-NP
+must MD B-VP
+show VB I-VP
+dependents NNS B-NP
+' POS B-NP
+Social NNP I-NP
+Security NNP I-NP
+numbers NNS I-NP
+, , O
+the DT B-NP
+IRS NNP I-NP
+wants VBZ B-VP
+to TO I-VP
+see VB I-VP
+which WDT B-NP
+dependents NNS I-NP
+show VBP B-VP
+up IN B-PRT
+on IN B-PP
+more JJR B-NP
+than IN I-NP
+one CD I-NP
+return NN I-NP
+-- : O
+and CC O
+which WDT B-NP
+dependents NNS I-NP
+turn VBP B-VP
+out IN B-PRT
+to TO B-VP
+be VB I-VP
+deceased JJ B-ADJP
+. . O
+
+Impetus NN B-NP
+for IN B-PP
+the DT B-NP
+direct-seller NN I-NP
+project NN I-NP
+came VBD B-VP
+from IN B-PP
+a DT B-NP
+congressional JJ I-NP
+hearing VBG I-NP
+some DT B-NP
+years NNS I-NP
+back RB B-ADVP
+. . O
+
+It PRP B-NP
+prompted VBD B-VP
+an DT B-NP
+IRS NNP I-NP
+study NN I-NP
+that WDT B-NP
+found VBD B-VP
+many JJ B-NP
+sellers NNS I-NP
+were VBD B-VP
+concealing VBG I-VP
+income NN B-NP
+and CC O
+treating VBG B-VP
+large JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+nondeductible JJ B-NP
+travel NN I-NP
+and CC O
+other JJ B-NP
+personal JJ I-NP
+expenses NNS I-NP
+as IN B-PP
+business NN B-NP
+costs NNS I-NP
+, , O
+Mr. NNP B-NP
+Washburn NNP I-NP
+says VBZ B-VP
+. . O
+
+The DT B-NP
+study NN I-NP
+provided VBD B-VP
+criteria NNS B-NP
+for IN B-PP
+singling VBG B-VP
+out RP B-PRT
+returns NNS B-NP
+of IN B-PP
+`` `` B-NP
+potentially RB I-NP
+noncompliant JJ I-NP
+'' '' I-NP
+taxpayers NNS I-NP
+who WP B-NP
+report VBP B-VP
+low JJ B-NP
+income NN I-NP
+and CC O
+large JJ B-NP
+expenses NNS I-NP
+from IN B-PP
+a DT B-NP
+part-time JJ I-NP
+business NN I-NP
+. . O
+
+The DT B-NP
+Tax NNP I-NP
+Court NNP I-NP
+recently RB B-ADVP
+denied VBD B-VP
+business NN B-NP
+deductions NNS I-NP
+by IN B-PP
+Mr. NNP B-NP
+and CC I-NP
+Mrs. NNP I-NP
+Peter NNP I-NP
+S. NNP I-NP
+Rubin NNP I-NP
+of IN B-PP
+Cherry NNP B-NP
+Hill NNP I-NP
+, , O
+N.J. NNP B-NP
+, , O
+who WP B-NP
+both DT O
+were VBD B-VP
+part-time JJ B-NP
+distributors NNS I-NP
+of IN B-PP
+Amway NNP B-NP
+products NNS I-NP
+in IN B-PP
+addition NN B-NP
+to TO B-PP
+their PRP$ B-NP
+regular JJ I-NP
+jobs NNS I-NP
+as IN B-PP
+sales NNS B-NP
+people NNS I-NP
+in IN B-PP
+other JJ B-NP
+fields NNS I-NP
+. . O
+
+For IN B-PP
+1984 CD B-NP
+, , O
+they PRP B-NP
+reported VBD B-VP
+gross JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+1,647 CD I-NP
+from IN B-PP
+Amway NNP B-NP
+sales NNS I-NP
+, , O
+offset VB B-VP
+by IN B-PP
+expenses NNS B-NP
+totaling VBG B-VP
+$ $ B-NP
+16,746 CD I-NP
+-- : O
+including VBG B-PP
+car NN B-NP
+costs NNS I-NP
+of IN B-PP
+$ $ B-NP
+6,805 CD I-NP
+and CC O
+travel NN B-NP
+and CC I-NP
+entertainment NN I-NP
+costs NNS I-NP
+of IN B-PP
+$ $ B-NP
+5,088 CD I-NP
+. . O
+
+The DT B-NP
+Tax NNP I-NP
+Court NNP I-NP
+did VBD B-VP
+n't RB I-VP
+believe VB I-VP
+that IN B-SBAR
+the DT B-NP
+Rubins NNS I-NP
+, , O
+who WP B-NP
+earned VBD B-VP
+$ $ B-NP
+65,619 CD I-NP
+in IN B-PP
+their PRP$ B-NP
+regular JJ I-NP
+jobs NNS I-NP
+, , O
+treated VBD B-VP
+the DT B-NP
+sideline NN I-NP
+as IN B-PP
+a DT B-NP
+real JJ I-NP
+business NN I-NP
+and CC O
+derived VBN B-VP
+`` `` O
+merely RB B-NP
+incidental JJ I-NP
+elements NNS I-NP
+of IN B-PP
+recreation NN B-NP
+and CC O
+other JJ B-NP
+personal JJ I-NP
+pleasure NN I-NP
+and CC I-NP
+benefits NNS I-NP
+'' '' O
+from IN B-PP
+it PRP B-NP
+. . O
+
+The DT B-NP
+Direct JJ I-NP
+Selling NNP I-NP
+Association NNP I-NP
+, , O
+a DT B-NP
+trade NN I-NP
+group NN I-NP
+, , O
+points VBZ B-VP
+out IN B-PRT
+that IN B-SBAR
+its PRP$ B-NP
+members NNS I-NP
+, , O
+which WDT B-NP
+include VBP B-VP
+Amway NNP B-NP
+Corp. NNP I-NP
+, , O
+cooperate VB B-VP
+with IN B-PP
+the DT B-NP
+IRS NNP I-NP
+to TO B-VP
+distribute VB I-VP
+tax-compliance NN B-NP
+material NN I-NP
+to TO B-PP
+sales NNS B-NP
+people NNS I-NP
+and CC O
+are VBP B-VP
+helping VBG I-VP
+to TO I-VP
+prepare VB I-VP
+a DT B-NP
+public-service JJ I-NP
+television NN I-NP
+program NN I-NP
+on IN B-PP
+the DT B-NP
+subject NN I-NP
+. . O
+
+The DT B-NP
+independent-contractor JJ I-NP
+project NN I-NP
+, , O
+which WDT B-NP
+began VBD B-VP
+in IN B-PP
+1988 CD B-NP
+, , O
+involves VBZ B-VP
+about IN B-NP
+350 CD I-NP
+IRS NNP I-NP
+agents NNS I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+nine CD I-NP
+months NNS I-NP
+ended VBD B-VP
+June NNP B-NP
+30 CD I-NP
+, , O
+reports NNS B-VP
+Raymond NNP B-NP
+P. NNP I-NP
+Keenan NNP I-NP
+, , O
+assistant NN B-NP
+commissioner NN I-NP
+for IN B-PP
+collection NN B-NP
+, , O
+they PRP B-NP
+examined VBD B-VP
+about IN B-NP
+13,000 CD I-NP
+employers NNS I-NP
+, , O
+assessed VBN B-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+67 CD I-NP
+million CD I-NP
+in IN B-PP
+delinquent JJ B-NP
+employment NN I-NP
+taxes NNS I-NP
+, , O
+and CC O
+reclassified VBD B-VP
+about IN B-NP
+56,000 CD I-NP
+workers NNS I-NP
+as IN B-PP
+employees NNS B-NP
+instead RB B-PP
+of IN I-PP
+self-employed JJ B-NP
+contractors NNS I-NP
+. . O
+
+The DT B-NP
+number NN I-NP
+of IN B-PP
+misclassified VBN B-NP
+workers NNS I-NP
+may MD B-VP
+be VB I-VP
+in IN B-PP
+the DT B-NP
+millions NNS I-NP
+, , O
+mostly RB B-ADVP
+paid VBN B-VP
+by IN B-PP
+small JJ B-NP
+firms NNS I-NP
+. . O
+
+Many JJ B-NP
+workers NNS I-NP
+, , B-NP
+especially RB I-NP
+professionals NNS B-NP
+, , O
+want VBP B-VP
+to TO I-VP
+remain VB I-VP
+independent JJ B-ADJP
+to TO B-VP
+avoid VB I-VP
+tax NN B-NP
+withholding NN I-NP
+and CC O
+to TO B-VP
+continue VB I-VP
+to TO I-VP
+deduct VB I-VP
+many JJ B-NP
+expenses NNS I-NP
+that IN B-NP
+employees NNS B-NP
+ca MD B-VP
+n't RB O
+. . O
+
+But CC O
+many JJ B-NP
+others NNS I-NP
+, , O
+who WP B-NP
+want VBP B-VP
+to TO I-VP
+qualify VB I-VP
+for IN B-PP
+employee NN B-NP
+benefits NNS I-NP
+and CC O
+unemployment NN B-NP
+compensation NN I-NP
+, , O
+become VB B-VP
+tipsters NNS B-NP
+for IN B-PP
+the DT B-NP
+IRS NNP I-NP
+, , O
+says VBZ B-VP
+Jerry NNP B-NP
+Lackey NNP I-NP
+, , O
+who WP B-NP
+manages VBZ B-VP
+the DT B-NP
+IRS NNP I-NP
+project NN I-NP
+'s POS B-NP
+force NN I-NP
+of IN B-PP
+nine CD B-NP
+agents NNS I-NP
+in IN B-PP
+north RB B-NP
+and CC I-NP
+central JJ I-NP
+Florida NNP I-NP
+from IN B-PP
+Orlando NNP B-NP
+. . O
+
+Firms NNS B-NP
+that WDT B-NP
+are VBP B-VP
+paying VBG I-VP
+employment NN B-NP
+taxes NNS I-NP
+also RB B-ADVP
+provide VBP B-VP
+leads VBZ B-NP
+to TO B-PP
+competitors NNS B-NP
+that WDT B-NP
+are VBP B-VP
+n't RB O
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+In IN B-PP
+his PRP$ B-NP
+area NN I-NP
+, , O
+Mr. NNP B-NP
+Lackey NNP I-NP
+continues VBZ B-VP
+, , O
+the DT B-NP
+miscreant JJ I-NP
+employers NNS I-NP
+most RBS B-ADVP
+commonly RB I-ADVP
+are VBP B-VP
+in IN B-PP
+construction NN B-NP
+-- : O
+doing VBG B-VP
+framing NN B-NP
+, , O
+drywall NN B-NP
+, , O
+masonry NN B-NP
+and CC O
+similar JJ B-NP
+work NN I-NP
+. . O
+
+But CC O
+a DT B-NP
+medical JJ I-NP
+clinic NN I-NP
+with IN B-PP
+about IN B-NP
+20 CD I-NP
+employees NNS I-NP
+wrongly RB B-VP
+listed VBN I-VP
+all DT B-NP
+of IN B-PP
+them PRP B-NP
+-- : O
+including VBG B-PP
+physicians NNS B-NP
+and CC I-NP
+receptionists NNS I-NP
+-- : O
+as IN B-PP
+independent JJ B-NP
+contractors NNS I-NP
+. . O
+
+The DT B-NP
+IRS NNP I-NP
+assessed VBD B-VP
+the DT B-NP
+clinic NN I-NP
+$ $ B-NP
+350,000 CD I-NP
+in IN B-PP
+back JJ B-NP
+payroll NN I-NP
+taxes NNS I-NP
+. . O
+
+It PRP B-NP
+assessed VBD B-VP
+nearly RB B-NP
+$ $ I-NP
+500,000 CD I-NP
+against IN B-PP
+a DT B-NP
+cruise-ship NN I-NP
+company NN I-NP
+that WDT B-NP
+carried VBD B-VP
+about IN B-NP
+100 CD I-NP
+deckhands NNS I-NP
+, , I-NP
+cooks NNS I-NP
+, , I-NP
+bartenders NNS I-NP
+, , I-NP
+entertainers NNS I-NP
+and CC I-NP
+other JJ I-NP
+employees NNS I-NP
+as IN B-PP
+self-employed JJ B-NP
+independents NNS I-NP
+. . O
+
+Revenue-short JJ B-NP
+states NNS I-NP
+also RB B-ADVP
+are VBP B-VP
+becoming VBG I-VP
+more RBR B-NP
+aggressive JJ I-NP
+pursuers NNS I-NP
+of IN B-PP
+tax NN B-NP
+delinquents NNS I-NP
+, , O
+and CC O
+perhaps RB B-ADVP
+none NN B-NP
+tracks VBZ B-VP
+them PRP B-NP
+down RB B-PRT
+with IN B-PP
+more JJR B-NP
+relish NN I-NP
+than IN B-SBAR
+does VBZ B-VP
+New NNP B-NP
+York NNP I-NP
+since IN B-SBAR
+it PRP B-NP
+acquired VBD B-VP
+an DT B-NP
+$ $ I-NP
+80 CD I-NP
+million CD I-NP
+computer NN I-NP
+system NN I-NP
+in IN B-PP
+1985 CD B-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+'s POS B-NP
+tax NN I-NP
+enforcers NNS I-NP
+have VBP B-VP
+amassed VBN I-VP
+data NNS B-NP
+bases NNS I-NP
+from IN B-PP
+other JJ B-NP
+New NNP I-NP
+York NNP I-NP
+agencies NNS I-NP
+that WDT B-NP
+license VBP B-VP
+or CC I-VP
+register VB I-VP
+professionals NNS B-NP
+and CC I-NP
+businesses NNS I-NP
+; : O
+from IN B-PP
+exchange NN B-NP
+agreements NNS I-NP
+with IN B-PP
+the DT B-NP
+IRS NNP I-NP
+, , O
+24 CD B-NP
+other JJ I-NP
+states NNS I-NP
+, , O
+and CC O
+two CD B-NP
+Canadian JJ I-NP
+provinces NNS I-NP
+, , B-PP
+and CC I-PP
+even RB B-ADVP
+from IN B-PP
+phonebook NN B-NP
+Yellow NNP I-NP
+Pages NNPS I-NP
+. . O
+
+Thus RB B-ADVP
+armed VBN B-VP
+for IN B-PP
+massive JJ B-NP
+matching NN I-NP
+of IN B-PP
+documents NNS B-NP
+by IN B-PP
+computer NN B-NP
+, , O
+they PRP B-NP
+single JJ B-VP
+out RP B-PRT
+high-income JJ B-NP
+groups NNS I-NP
+, , O
+looking VBG B-VP
+primarily RB B-ADVP
+for IN B-PP
+people NNS B-NP
+who WP B-NP
+have VBP B-VP
+n't RB I-VP
+filed VBN I-VP
+New NNP B-NP
+York NNP I-NP
+income-tax NN I-NP
+returns NNS I-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+has VBZ B-VP
+combed VBN I-VP
+through IN B-PP
+records NNS B-NP
+relating VBG B-VP
+to TO B-PP
+architects NNS B-NP
+, , O
+stockbrokers NNS B-NP
+, , O
+lawyers NNS B-NP
+in IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+City NNP I-NP
+area NN I-NP
+, , O
+construction NN B-NP
+workers NNS I-NP
+from IN B-PP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+, , O
+and CC O
+homeowners NNS B-NP
+who WP B-NP
+claim VBP B-VP
+to TO I-VP
+be VB I-VP
+residents NNS B-NP
+of IN B-PP
+other JJ B-NP
+states NNS I-NP
+-- : B-NP
+especially RB I-NP
+Florida NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+no DT B-NP
+personal JJ I-NP
+income NN I-NP
+tax NN I-NP
+. . O
+
+Soon RB B-ADVP
+to TO B-VP
+feel VB I-VP
+the DT B-NP
+glare NN I-NP
+of IN B-PP
+attention NN B-NP
+are VBP B-VP
+lawyers NNS B-NP
+elsewhere RB B-ADVP
+in IN B-PP
+the DT B-NP
+state NN I-NP
+, , O
+doctors NNS B-NP
+, , O
+dentists NNS B-NP
+, , O
+and CC O
+accountants NNS B-NP
+, , O
+says VBZ B-VP
+Frederick NNP B-NP
+G. NNP I-NP
+Hicks NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+the DT B-NP
+tax-department JJ I-NP
+division NN I-NP
+that WDT B-NP
+develops VBZ B-VP
+the DT B-NP
+computer-matching JJ I-NP
+programs NNS I-NP
+. . O
+
+The DT B-NP
+department NN I-NP
+has VBZ B-VP
+collected VBN I-VP
+over IN B-NP
+$ $ I-NP
+6.5 CD I-NP
+million CD I-NP
+from IN B-PP
+brokers NNS B-NP
+so RB B-ADVP
+far RB I-ADVP
+and CC O
+recommended VBD B-VP
+more JJR B-NP
+than IN I-NP
+30 CD I-NP
+of IN B-PP
+them PRP B-NP
+for IN B-PP
+criminal JJ B-NP
+prosecution NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+early JJ I-NP
+stage NN I-NP
+of IN B-PP
+checking VBG B-VP
+people NNS B-NP
+with IN B-PP
+incomes NNS B-NP
+exceeding VBG B-VP
+$ $ B-NP
+500,000 CD I-NP
+who WP B-NP
+were VBD B-VP
+filing VBG I-VP
+nonresident JJ B-NP
+returns NNS I-NP
+, , O
+it PRP B-NP
+squeezed VBD B-VP
+$ $ B-NP
+7.5 CD I-NP
+million CD I-NP
+out IN B-PP
+of IN B-PP
+a DT B-NP
+man NN I-NP
+who WP B-NP
+was VBD B-VP
+posing VBG I-VP
+as IN B-PP
+a DT B-NP
+Florida NNP I-NP
+resident NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+think VBP B-VP
+we PRP B-NP
+can MD B-VP
+reclaim VB I-VP
+hundreds NNS B-NP
+of IN I-NP
+millions NNS I-NP
+of IN B-PP
+dollars NNS B-NP
+just RB B-ADVP
+through IN B-PP
+the DT B-NP
+nonresident JJ I-NP
+project NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Hicks NNP I-NP
+declares VBZ B-VP
+. . O
+
+Mr. NNP B-NP
+Schmedel NNP I-NP
+is VBZ B-VP
+editor NN B-NP
+of IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Tax NNP I-NP
+Report NNP I-NP
+column NN I-NP
+. . O
+
+In IN B-PP
+finding VBG B-VP
+`` `` O
+good JJ B-NP
+news NN I-NP
+'' '' O
+in IN B-PP
+Berkeley NNP B-NP
+'s POS B-NP
+new JJ I-NP
+freshman NN I-NP
+admissions NNS I-NP
+plan VBP I-NP
+-LRB- ( O
+`` `` O
+The DT B-NP
+Privileged NNP I-NP
+Class NNP I-NP
+, , O
+'' '' O
+editorial NN B-NP
+, , O
+Sept. NNP B-NP
+20 CD I-NP
+-RRB- ) O
+, , O
+you PRP B-NP
+'re VBP B-VP
+reading VBG I-VP
+the DT B-NP
+headline NN I-NP
+but CC B-NP
+not RB I-NP
+the DT B-NP
+story NN I-NP
+. . O
+
+The DT B-NP
+plan NN I-NP
+indeed RB B-ADVP
+raises VBZ B-VP
+from IN B-PP
+40 CD B-NP
+% NN I-NP
+to TO B-PP
+50 CD B-NP
+% NN I-NP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+freshmen NNS B-NP
+applicants NNS I-NP
+admitted VBD B-VP
+strictly RB B-ADVP
+by IN B-PP
+academic JJ B-NP
+criteria NNS I-NP
+. . O
+
+But CC O
+that DT B-NP
+does VBZ B-VP
+n't RB I-VP
+mean VB I-VP
+`` `` O
+half NN B-NP
+of IN B-PP
+the DT B-NP
+students NNS I-NP
+attending VBG B-VP
+Berkeley NNP B-NP
+'' '' O
+will MD B-VP
+be VB I-VP
+admitted VBN I-VP
+this DT B-NP
+way NN I-NP
+. . O
+
+The DT B-NP
+plan NN I-NP
+is VBZ B-VP
+talking VBG I-VP
+about IN B-PP
+applicants NNS B-NP
+admitted VBD B-VP
+, , B-NP
+not RB I-NP
+students NNS B-NP
+who WP B-NP
+enroll VBP B-VP
+. . O
+
+Since IN B-SBAR
+the DT B-NP
+`` `` I-NP
+yield NN I-NP
+'' '' O
+from IN B-PP
+this DT B-NP
+top JJ I-NP
+slice NN I-NP
+of IN B-PP
+applicants NNS B-NP
+is VBZ B-VP
+relatively RB B-ADJP
+low JJ I-ADJP
+, , O
+boosting VBG B-VP
+admits VBZ B-NP
+from IN B-PP
+40 CD B-NP
+% NN I-NP
+to TO B-PP
+50 CD B-NP
+% NN I-NP
+will MD B-VP
+boost VB I-VP
+registrants NNS B-NP
+from IN B-PP
+about IN B-NP
+31 CD I-NP
+% NN I-NP
+to TO B-PP
+38 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+class NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+perhaps RB B-NP
+5 VBP I-NP
+% NN I-NP
+of IN B-PP
+registrants NNS B-NP
+will MD B-VP
+come VB I-VP
+from IN B-PP
+a DT B-NP
+new JJ I-NP
+category NN I-NP
+consisting VBG B-VP
+of IN B-PP
+applicants NNS B-NP
+whose WP$ B-NP
+academic JJ I-NP
+credentials NNS I-NP
+`` `` O
+narrowly RB B-VP
+missed VBD I-VP
+'' '' O
+gaining VBG B-VP
+them PRP B-NP
+admission NN B-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+category NN I-NP
+. . O
+
+But CC O
+against IN B-PP
+that DT B-NP
+combined VBD I-NP
+increase NN I-NP
+of IN B-PP
+12 CD B-NP
+% NN I-NP
+in IN B-PP
+students NNS B-NP
+chosen VBN B-VP
+by IN B-PP
+academic JJ B-NP
+criteria NNS I-NP
+, , O
+the DT B-NP
+plan NN I-NP
+eliminates VBZ B-VP
+a DT B-NP
+large JJ I-NP
+category NN I-NP
+in IN B-PP
+which WDT B-NP
+admissions NNS B-NP
+now RB B-ADVP
+are VBP B-VP
+based VBN I-VP
+on IN B-PP
+grades NNS B-NP
+, , O
+test NN B-NP
+scores NNS I-NP
+and CC O
+`` `` O
+supplemental JJ B-NP
+points NNS I-NP
+'' '' O
+for IN B-PP
+factors NNS B-NP
+such JJ B-PP
+as IN I-PP
+high-school NN B-NP
+curriculum NN I-NP
+, , O
+English-language JJ B-NP
+proficiency NN I-NP
+and CC O
+an DT B-NP
+essay NN I-NP
+. . O
+
+This DT B-NP
+category NN I-NP
+now RB B-ADVP
+accounts VBZ B-VP
+for IN B-PP
+about IN B-NP
+19 CD I-NP
+% NN I-NP
+of IN B-PP
+admits VBZ B-NP
+and CC O
+22 CD B-NP
+% NN I-NP
+of IN B-PP
+registrants NNS B-NP
+. . O
+
+The DT B-NP
+plan NN I-NP
+thus RB B-ADVP
+will MD B-VP
+decrease VB I-VP
+by IN B-PP
+22 CD B-NP
+% NN I-NP
+, , O
+for IN B-PP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+10 CD B-NP
+% NN I-NP
+, , O
+the DT B-NP
+number NN I-NP
+of IN B-PP
+students NNS B-NP
+admitted VBD B-VP
+primarily RB B-ADVP
+by IN B-PP
+academic JJ B-NP
+criteria NNS I-NP
+. . O
+
+Who WP B-NP
+will MD B-VP
+take VB I-VP
+over IN B-PRT
+these DT B-NP
+places NNS I-NP
+? . O
+
+The DT B-NP
+plan NN I-NP
+creates VBZ B-VP
+a DT B-NP
+new JJ I-NP
+category NN I-NP
+of IN B-PP
+students NNS B-NP
+from IN B-PP
+`` `` O
+socioeconomically RB B-NP
+disadvantaged JJ I-NP
+backgrounds NNS I-NP
+, , O
+'' '' O
+a DT B-NP
+concept NN I-NP
+not RB B-VP
+yet RB I-VP
+defined VBN I-VP
+, , O
+and CC O
+gives VBZ B-VP
+them PRP B-NP
+about IN B-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+class NN I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+plan NN I-NP
+'s POS B-NP
+authors NNS I-NP
+has VBZ B-VP
+defended VBN I-VP
+the DT B-NP
+`` `` I-NP
+socioeconomic JJ I-NP
+disadvantage NN I-NP
+'' '' I-NP
+category NN I-NP
+as IN B-PP
+perhaps RB B-ADVP
+making VBG B-VP
+more JJR B-NP
+sense NN I-NP
+than IN B-PP
+the DT B-NP
+current JJ I-NP
+affirmative-action NN I-NP
+preferences NNS I-NP
+based VBN B-VP
+on IN B-PP
+race NN B-NP
+. . O
+
+Perhaps RB B-ADVP
+it PRP B-NP
+does VBZ B-VP
+. . O
+
+But CC O
+the DT B-NP
+new JJ I-NP
+category NN I-NP
+does VBZ B-VP
+not RB I-VP
+replace VB I-VP
+or CC I-VP
+reduce VB I-VP
+Berkeley NNP B-NP
+'s POS B-NP
+broad JJ I-NP
+racial JJ I-NP
+preferences NNS I-NP
+. . O
+
+Nor CC O
+will MD O
+students NNS B-NP
+from IN B-PP
+racial-minority JJ B-NP
+groups NNS I-NP
+who WP B-NP
+are VBP B-VP
+admitted VBN I-VP
+through IN B-PP
+the DT B-NP
+new JJ I-NP
+category NN I-NP
+be VB B-VP
+counted VBN I-VP
+against IN B-PP
+the DT B-NP
+affirmative-action NN I-NP
+`` `` I-NP
+target NN I-NP
+'' '' O
+for IN B-PP
+their PRP$ B-NP
+group NN I-NP
+. . O
+
+The DT B-NP
+plan NN I-NP
+thus RB B-ADVP
+places VBZ B-VP
+a DT B-NP
+large JJ I-NP
+new JJ I-NP
+affirmative-action NN I-NP
+program NN I-NP
+, , O
+based VBN B-VP
+on IN B-PP
+`` `` O
+socioeconomic JJ B-NP
+disadvantage NN I-NP
+, , O
+'' '' O
+on IN B-PP
+top NN B-NP
+of IN B-PP
+the DT B-NP
+existing VBG I-NP
+program NN I-NP
+based VBN B-VP
+on IN B-PP
+race NN B-NP
+. . O
+
+The DT B-NP
+role NN I-NP
+of IN B-PP
+academic JJ B-NP
+criteria NNS I-NP
+in IN B-PP
+choosing VBG B-VP
+Berkeley NNP B-NP
+'s POS B-NP
+freshmen NNS I-NP
+can MD B-VP
+only RB I-VP
+decline VB I-VP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+. . O
+
+Stephen NNP B-NP
+R. NNP I-NP
+Barnett NNP I-NP
+Professor NNP B-NP
+of IN B-PP
+Law NNP B-NP
+University NNP B-NP
+of IN B-PP
+California NNP B-NP
+Berkeley NNP B-NP
+, , O
+Calif NNP B-NP
+. . O
+
+FOR IN B-PP
+THOSE DT B-NP
+WHO WP B-NP
+DELIGHT VBP B-VP
+in IN B-PP
+the DT B-NP
+misfortune NN I-NP
+of IN B-PP
+others NNS B-NP
+, , O
+read VB B-VP
+on RB B-PRT
+. . O
+
+This DT B-NP
+is VBZ B-VP
+a DT B-NP
+story NN I-NP
+about IN B-PP
+suckers NNS B-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+us PRP B-NP
+know VBP B-VP
+a DT B-NP
+sucker NN I-NP
+. . O
+
+Many JJ B-NP
+of IN B-PP
+us PRP B-NP
+are VBP B-VP
+suckers NNS B-NP
+. . O
+
+But CC O
+what WP B-NP
+we PRP B-NP
+may MD B-VP
+not RB I-VP
+know VB I-VP
+is VBZ B-VP
+just RB B-NP
+what WP I-NP
+makes VBZ B-VP
+somebody NN B-NP
+a DT B-NP
+sucker NN I-NP
+. . O
+
+What WP B-NP
+makes VBZ B-VP
+people NNS B-NP
+blurt VBP B-VP
+out IN B-PRT
+their PRP$ B-NP
+credit-card NN I-NP
+numbers NNS I-NP
+to TO B-PP
+a DT B-NP
+caller NN I-NP
+they PRP B-NP
+'ve VBP B-VP
+never RB I-VP
+heard VBN I-VP
+of RB B-PP
+? . O
+
+Do VBP O
+they PRP B-NP
+really RB B-ADVP
+believe VBP B-VP
+that IN B-SBAR
+the DT B-NP
+number NN I-NP
+is VBZ B-VP
+just RB B-ADVP
+for IN B-PP
+verification NN B-NP
+and CC O
+is VBZ B-VP
+simply RB B-NP
+a DT I-NP
+formality NN I-NP
+on IN B-PP
+the DT B-NP
+road NN I-NP
+to TO B-PP
+being VBG B-VP
+a DT B-NP
+grand-prize NN I-NP
+winner NN I-NP
+? . O
+
+What WP B-NP
+makes VBZ B-VP
+a DT B-NP
+person NN I-NP
+buy NN B-VP
+an DT B-NP
+oil NN I-NP
+well RB I-NP
+from IN B-PP
+some DT B-NP
+stranger NN I-NP
+knocking VBG B-VP
+on IN B-PP
+the DT B-NP
+screen NN I-NP
+door NN I-NP
+? . O
+
+Or CC O
+an DT B-NP
+interest NN I-NP
+in IN B-PP
+a DT B-NP
+retirement NN I-NP
+community NN I-NP
+in IN B-PP
+Nevada NNP B-NP
+that WDT B-NP
+will MD B-VP
+knock VB I-VP
+your PRP$ B-NP
+socks NNS I-NP
+off IN B-ADVP
+, , O
+once RB B-SBAR
+it PRP B-NP
+is VBZ B-VP
+built VBN I-VP
+? . O
+
+Because IN B-SBAR
+in IN B-PP
+the DT B-NP
+end NN I-NP
+, , O
+these DT B-NP
+people NNS I-NP
+always RB B-ADVP
+wind VBP B-VP
+up IN B-PRT
+asking VBG B-VP
+themselves PRP B-NP
+the DT B-NP
+same JJ I-NP
+question NN I-NP
+: : O
+`` `` O
+How WRB B-ADVP
+could MD O
+I PRP B-NP
+be VB B-VP
+so RB B-ADJP
+stupid JJ I-ADJP
+? . O
+'' '' O
+
+There EX B-NP
+are VBP B-VP
+, , O
+unfortunately RB B-ADVP
+, , O
+plenty NN B-NP
+of IN B-PP
+answers NNS B-NP
+to TO B-PP
+that DT B-NP
+question NN I-NP
+-- : O
+and CC O
+scam NN B-NP
+artists NNS I-NP
+know VBP B-VP
+all DT B-NP
+of IN B-PP
+them PRP B-NP
+. . O
+
+`` `` O
+These DT B-NP
+people NNS I-NP
+are VBP B-VP
+very RB B-ADJP
+skilled JJ I-ADJP
+at IN B-PP
+finding VBG B-VP
+out IN B-PRT
+what WP B-NP
+makes VBZ B-VP
+a DT B-NP
+person NN I-NP
+tick NN B-VP
+, , O
+'' '' O
+says VBZ B-VP
+Kent NNP B-NP
+Neal NNP I-NP
+, , O
+chief NN B-NP
+of IN B-PP
+the DT B-NP
+economic-crime JJ I-NP
+unit NN I-NP
+of IN B-PP
+the DT B-NP
+Broward NNP I-NP
+County NNP I-NP
+State NNP I-NP
+Attorney NNP I-NP
+'s POS B-NP
+Office NNP I-NP
+in IN B-PP
+Fort NNP B-NP
+Lauderdale NNP I-NP
+, , O
+Fla. NNP B-NP
+, , O
+a DT B-NP
+major JJ I-NP
+haven NN I-NP
+for IN B-PP
+boiler NN B-NP
+rooms NNS I-NP
+. . O
+
+`` `` O
+Once RB O
+they PRP B-NP
+size VBP B-VP
+them PRP B-NP
+up IN B-PRT
+, , O
+then RB B-ADVP
+they PRP B-NP
+know VBP B-VP
+what WP B-NP
+buttons NNS I-NP
+to TO B-VP
+push VB I-VP
+. . O
+'' '' O
+
+John NNP B-NP
+Blodgett NNP I-NP
+agrees VBZ B-VP
+-- : O
+and CC O
+he PRP B-NP
+ought MD B-VP
+to TO I-VP
+know VB I-VP
+. . O
+
+He PRP B-NP
+used VBD B-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+boiler-room NN I-NP
+salesman NN I-NP
+, , O
+peddling VBG B-VP
+investments NNS B-NP
+in IN B-PP
+oil NN B-NP
+and CC I-NP
+gas NN I-NP
+wells NNS I-NP
+and CC O
+rare JJ B-NP
+coins NNS I-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+a DT B-NP
+definite JJ I-NP
+psychology NN I-NP
+of IN B-PP
+the DT B-NP
+sale NN I-NP
+and CC O
+different JJ B-NP
+personalities NNS I-NP
+you PRP B-NP
+pitch VBP B-VP
+different JJ B-NP
+ways NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+The DT B-NP
+most RBS I-NP
+obvious JJ I-NP
+pitch NN I-NP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+is VBZ B-VP
+the DT B-NP
+lure NN I-NP
+of IN B-PP
+big JJ B-NP
+returns NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+all PDT O
+a DT B-NP
+little JJ I-NP
+greedy JJ B-ADJP
+. . O
+
+Everyone NN B-NP
+is VBZ B-VP
+vulnerable JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Charles NNP B-NP
+Harper NNP I-NP
+, , O
+associate JJ B-NP
+regional JJ I-NP
+administrator NN I-NP
+for IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+in IN B-PP
+Miami NNP B-NP
+. . O
+
+`` `` O
+These DT B-NP
+guys NNS I-NP
+prey VBP B-VP
+on IN B-PP
+human JJ B-NP
+frailties NNS I-NP
+. . O
+'' '' O
+
+While IN B-SBAR
+the DT B-NP
+promises NNS I-NP
+of IN B-PP
+big JJ B-NP
+profits NNS I-NP
+ought MD B-VP
+to TO I-VP
+set VB I-VP
+off IN B-PRT
+warning NN B-NP
+bells NNS I-NP
+, , O
+they PRP B-NP
+often RB B-ADVP
+do VBP B-VP
+n't RB O
+, , O
+in IN B-PP
+part NN B-NP
+because IN B-SBAR
+get-rich-quick JJ B-NP
+tales NNS I-NP
+have VBP B-VP
+become VBN I-VP
+embedded VBN I-VP
+in IN B-PP
+American JJ B-NP
+folklore NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+overnight JJ I-NP
+success NN I-NP
+story NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+our PRP$ B-NP
+culture NN I-NP
+, , O
+and CC O
+our PRP$ B-NP
+society NN I-NP
+puts VBZ B-VP
+an DT B-NP
+emphasis NN I-NP
+on IN B-PP
+it PRP B-NP
+with IN B-PP
+lotteries NNS B-NP
+and CC O
+Ed NNP B-NP
+McMahon NNP I-NP
+making VBG B-VP
+millionaires NNS B-NP
+out IN B-ADVP
+of IN B-PP
+people NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Michael NNP B-NP
+Cunningham NNP I-NP
+, , O
+an DT B-NP
+associate JJ I-NP
+professor NN I-NP
+of IN B-PP
+psychology NN B-NP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+Kentucky NNP B-NP
+in IN B-PP
+Louisville NNP B-NP
+. . O
+
+`` `` O
+Other JJ B-NP
+people NNS I-NP
+are VBP B-VP
+making VBG I-VP
+it PRP B-NP
+overnight JJ B-ADVP
+, , O
+and CC O
+the DT B-NP
+rest NN I-NP
+who WP B-NP
+toil VBP B-VP
+daily JJ B-ADVP
+do NN B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+miss VB I-VP
+that DT B-NP
+opportunity NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+seems VBZ B-VP
+to TO I-VP
+come VB I-VP
+along IN B-PRT
+. . O
+'' '' O
+
+Adds VBZ B-VP
+Spencer NNP B-NP
+Barasch NNP I-NP
+, , O
+branch NN B-NP
+chief NN I-NP
+for IN B-PP
+enforcement NN B-NP
+at IN B-PP
+the DT B-NP
+SEC NNP I-NP
+in IN B-PP
+Fort NNP B-NP
+Worth NNP I-NP
+, , O
+Texas NNP B-NP
+: : O
+`` `` O
+Why WRB B-ADVP
+do VBP O
+people NNS B-NP
+play VB B-VP
+the DT B-NP
+lottery NN I-NP
+when WRB B-ADVP
+the DT B-NP
+odds NNS I-NP
+are VBP B-VP
+great JJ B-ADJP
+against IN B-PP
+them PRP B-NP
+? . O
+
+People NNS B-NP
+are VBP B-VP
+shooting VBG I-VP
+for IN B-PP
+a DT B-NP
+dream NN I-NP
+. . O
+'' '' O
+
+Clearly RB B-ADVP
+, , O
+though RB B-ADVP
+, , O
+scam NN B-NP
+artists NNS I-NP
+have VBP B-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+bit NN I-NP
+more RBR B-ADJP
+subtle JJ I-ADJP
+than IN B-PP
+simply RB B-ADVP
+promising JJ B-VP
+millions NNS B-NP
+; : O
+the DT B-NP
+psychology NN I-NP
+of IN B-PP
+suckers NNS B-NP
+is VBZ B-VP
+n't RB O
+simply RB B-ADVP
+the DT B-NP
+psychology NN I-NP
+of IN B-PP
+the DT B-NP
+greedy JJ I-NP
+. . O
+
+There EX B-NP
+'s VBZ B-VP
+also RB B-ADVP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+the DT B-NP
+need NN I-NP
+to TO B-VP
+be VB I-VP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+in-crowd NN I-NP
+. . O
+
+So RB O
+one CD B-NP
+popular JJ I-NP
+ploy NN I-NP
+is VBZ B-VP
+to TO B-VP
+make VB I-VP
+a DT B-NP
+prospective JJ I-NP
+investor NN I-NP
+feel NN B-VP
+like IN B-PP
+an DT B-NP
+insider NN I-NP
+, , O
+joining VBG B-VP
+an DT B-NP
+exclusive JJ I-NP
+group NN I-NP
+that WDT B-NP
+is VBZ B-VP
+about IN O
+to TO B-VP
+make VB I-VP
+a DT B-NP
+killing NN I-NP
+. . O
+
+Between IN B-PP
+1978 CD B-NP
+and CC I-NP
+1987 CD I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+SH NNP B-NP
+Oil NNP I-NP
+in IN B-PP
+Winter NNP B-NP
+Haven NNP I-NP
+, , O
+Fla. NNP B-NP
+, , O
+sold VBN B-VP
+interests NNS B-NP
+in IN B-PP
+oil NN B-NP
+wells NNS I-NP
+to TO B-PP
+a DT B-NP
+very RB I-NP
+select VB I-NP
+group NN I-NP
+of IN B-PP
+local JJ B-NP
+residents NNS I-NP
+, , O
+while IN B-SBAR
+turning VBG B-VP
+away RB B-ADVP
+numerous JJ B-NP
+other JJ I-NP
+eager JJ I-NP
+investors NNS I-NP
+. . O
+
+The DT B-NP
+owner NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+Stephen NNP B-NP
+Smith NNP I-NP
+, , O
+who WP B-NP
+has VBZ B-VP
+since IN I-VP
+pleaded VBN I-VP
+guilty JJ B-ADJP
+to TO B-PP
+state VB B-NP
+and CC I-NP
+federal JJ I-NP
+fraud NN I-NP
+charges NNS I-NP
+, , O
+confided VBD B-VP
+to TO B-PP
+investors NNS B-NP
+that IN B-SBAR
+he PRP B-NP
+had VBD B-VP
+a DT B-NP
+secret JJ I-NP
+agreement NN I-NP
+with IN B-PP
+Amoco NNP B-NP
+Oil NNP I-NP
+Co. NNP I-NP
+and CC O
+said VBD B-VP
+the DT B-NP
+location NN I-NP
+of IN B-PP
+his PRP$ B-NP
+wells NNS I-NP
+was VBD B-VP
+confidential JJ B-ADJP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+civil JJ I-NP
+suit NN I-NP
+filed VBN B-VP
+in IN B-PP
+a DT B-NP
+Florida NNP I-NP
+state NN I-NP
+court NN I-NP
+by IN B-PP
+the DT B-NP
+Florida NNP I-NP
+comptroller NN I-NP
+'s POS B-NP
+office NN I-NP
+. . O
+
+Neither CC O
+the DT B-NP
+Amoco NNP I-NP
+agreement NN I-NP
+nor CC O
+the DT B-NP
+wells NNS I-NP
+existed VBD B-VP
+, , O
+the DT B-NP
+suit NN I-NP
+alleged VBN B-VP
+. . O
+
+Such JJ B-NP
+schemes NNS I-NP
+, , O
+says VBZ B-VP
+Tony NNP B-NP
+Adamski NNP I-NP
+, , O
+chief NN B-NP
+of IN B-PP
+the DT B-NP
+financial-crimes NNS I-NP
+unit NN I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Bureau NNP I-NP
+of IN B-PP
+Investigation NNP B-NP
+in IN B-PP
+Washington NNP B-NP
+, , O
+D.C. NNP B-NP
+, , O
+appeal NN B-VP
+to TO B-PP
+investors NNS B-NP
+' POS B-NP
+`` `` I-NP
+desire NN I-NP
+to TO B-VP
+believe VB I-VP
+this DT B-NP
+is VBZ B-VP
+really RB B-ADVP
+true JJ B-ADJP
+and CC O
+that IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+chosen VBN I-NP
+group NN I-NP
+being VBG B-VP
+given VBN I-VP
+this DT B-NP
+opportunity NN I-NP
+. . O
+'' '' O
+
+At IN B-PP
+times NNS B-NP
+, , O
+salesmen NNS B-NP
+may MD B-VP
+embellish VB I-VP
+the DT B-NP
+inside JJ I-NP
+information NN I-NP
+with IN B-PP
+`` `` O
+the DT B-NP
+notion NN I-NP
+that IN B-SBAR
+this DT B-NP
+is VBZ B-VP
+some DT B-NP
+slightly RB I-NP
+shady JJ I-NP
+, , I-NP
+slightly RB I-NP
+illegal JJ I-NP
+investment NN I-NP
+the DT B-NP
+person NN I-NP
+is VBZ B-VP
+being VBG I-VP
+included VBN I-VP
+in IN B-PP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Cunningham NNP I-NP
+. . O
+
+In IN B-PP
+appealing JJ B-VP
+to TO B-PP
+those DT B-NP
+with IN B-PP
+a DT B-NP
+bit NN I-NP
+of IN B-PP
+larceny NN B-NP
+in IN B-PP
+their PRP$ B-NP
+hearts NNS I-NP
+, , O
+the DT B-NP
+fraud NN I-NP
+artist NN I-NP
+can MD B-VP
+insist VB I-VP
+that IN B-SBAR
+a DT B-NP
+person NN I-NP
+keep NN B-VP
+an DT B-NP
+investment NN I-NP
+secret JJ B-ADJP
+-- : O
+insulating VBG B-VP
+himself PRP B-NP
+from IN B-PP
+being VBG B-VP
+discovered VBN I-VP
+and CC O
+keeping VBG B-VP
+his PRP$ B-NP
+victim NN I-NP
+from IN B-PP
+consulting NN B-VP
+with IN B-PP
+others NNS B-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+adds VBZ B-VP
+to TO B-PP
+the DT B-NP
+mystery NN I-NP
+of IN B-PP
+the DT B-NP
+venture NN I-NP
+. . O
+
+Mr. NNP B-NP
+Blodgett NNP I-NP
+, , O
+the DT B-NP
+boiler-room NN I-NP
+veteran NN I-NP
+, , O
+believes VBZ B-VP
+that IN B-SBAR
+for IN B-PP
+many JJ B-NP
+investors NNS I-NP
+, , O
+the DT B-NP
+get-rich-quick JJ I-NP
+scams NNS I-NP
+carry VBP B-VP
+a DT B-NP
+longed-for JJ I-NP
+element NN I-NP
+of IN B-PP
+excitement NN B-NP
+. . O
+
+`` `` O
+Once RB B-SBAR
+people NNS B-NP
+got VBD B-VP
+into IN B-PP
+it PRP B-NP
+, , O
+I PRP B-NP
+was VBD B-VP
+allowing VBG I-VP
+them PRP B-NP
+to TO B-VP
+live VB I-VP
+a DT B-NP
+dream NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+He PRP B-NP
+phoned VBD B-VP
+them PRP B-NP
+with IN B-PP
+updates NNS B-NP
+on IN B-PP
+the DT B-NP
+investment NN I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+`` `` O
+funny JJ B-NP
+things NNS I-NP
+that WDT B-NP
+happened VBD B-VP
+at IN B-PP
+the DT B-NP
+well RB I-NP
+that DT B-NP
+week NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+You PRP B-NP
+gave VBD B-VP
+them PRP B-NP
+some DT B-NP
+excitement NN I-NP
+that IN B-NP
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+have VB I-VP
+in IN B-PP
+their PRP$ B-NP
+lives NNS I-NP
+. . O
+'' '' O
+
+-LRB- ( O
+Mr. NNP B-NP
+Blodgett NNP I-NP
+, , O
+who WP B-NP
+was VBD B-VP
+convicted VBN I-VP
+in IN B-PP
+Florida NNP B-NP
+state NN I-NP
+court NN I-NP
+of IN B-PP
+selling VBG B-VP
+unregistered JJ B-NP
+securities NNS I-NP
+and CC O
+in IN B-PP
+California NNP B-NP
+state NN I-NP
+court NN I-NP
+of IN B-PP
+unlawful JJ B-NP
+use NN I-NP
+of IN B-PP
+the DT B-NP
+telephone NN I-NP
+to TO B-VP
+defraud VB I-VP
+and CC I-VP
+deceive VB I-VP
+, , O
+is VBZ B-VP
+now RB B-ADVP
+on IN B-PP
+probation NN B-NP
+. . O
+
+He PRP B-NP
+says VBZ B-VP
+he PRP B-NP
+has VBZ B-VP
+quit VBN I-VP
+the DT B-NP
+business NN I-NP
+and CC O
+is VBZ B-VP
+back RB B-ADVP
+in IN B-PP
+school NN B-NP
+, , O
+majoring VBG B-VP
+in IN B-PP
+psychology NN B-NP
+with IN B-PP
+aspirations NNS B-NP
+to TO B-VP
+go VB I-VP
+into IN B-PP
+industrial JJ B-NP
+psychology NN I-NP
+. . O
+-RRB- ) O
+
+For IN B-PP
+some DT B-NP
+investors NNS I-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+the DT B-NP
+appearances NNS I-NP
+that WDT B-NP
+leave VBP B-VP
+them PRP B-NP
+deceived VBD B-ADJP
+. . O
+
+`` `` O
+The DT B-NP
+trappings NNS I-NP
+of IN B-PP
+success NN B-NP
+go NN B-VP
+a DT B-NP
+long JJ I-NP
+way NN I-NP
+-- : O
+wearing VBG B-VP
+the DT B-NP
+right NN I-NP
+clothes NNS I-NP
+, , O
+doing VBG B-VP
+the DT B-NP
+right NN I-NP
+things NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Paul NNP B-NP
+Andreassen NNP I-NP
+, , O
+an DT B-NP
+associate JJ I-NP
+professor NN I-NP
+of IN B-PP
+psychology NN B-NP
+at IN B-PP
+Harvard NNP B-NP
+. . O
+
+Conservative JJ B-NP
+appearances NNS I-NP
+make VBP B-VP
+people NNS B-NP
+think VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+conservative JJ I-NP
+investment NN I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+honestly RB B-VP
+lose VBP I-VP
+money NN B-NP
+on IN B-PP
+risky JJ B-NP
+investments NNS I-NP
+that IN B-NP
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+realize VB I-VP
+were VBD B-VP
+a DT B-NP
+crapshoot NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Paul NNP B-NP
+Wenz NNP I-NP
+, , O
+a DT B-NP
+Phoenix NNP I-NP
+, , I-NP
+Ariz. NNP I-NP
+, , I-NP
+attorney NN I-NP
+, , O
+says VBZ B-VP
+a DT B-NP
+promise NN I-NP
+of IN B-PP
+unrealistic JJ B-NP
+returns NNS I-NP
+would MD B-VP
+have VB I-VP
+made VBN I-VP
+him PRP B-NP
+leery JJ B-ADJP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Wenz NNP I-NP
+, , O
+who WP B-NP
+says VBZ B-VP
+he PRP B-NP
+lost VBD B-VP
+$ $ B-NP
+43,000 CD I-NP
+in IN B-PP
+one CD B-NP
+precious-metals NNS I-NP
+deal VBP I-NP
+and CC O
+$ $ B-NP
+39,000 CD I-NP
+in IN B-PP
+another DT B-NP
+, , O
+says VBZ B-VP
+a DT B-NP
+salesman NN I-NP
+`` `` B-VP
+used VBN I-VP
+a DT B-NP
+business-venture JJ I-NP
+approach NN I-NP
+'' '' O
+with IN B-PP
+him PRP B-NP
+, , O
+sending VBG B-VP
+investment NN B-NP
+literature NN I-NP
+, , O
+a DT B-NP
+contract NN I-NP
+limiting VBG B-VP
+the DT B-NP
+firm NN I-NP
+'s POS B-NP
+liability NN I-NP
+, , O
+and CC O
+an DT B-NP
+insurance NN I-NP
+policy NN I-NP
+. . O
+
+When WRB B-ADVP
+he PRP B-NP
+visited VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+office NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+it PRP B-NP
+had VBD B-VP
+`` `` O
+all PDT B-NP
+the DT I-NP
+trappings NNS I-NP
+of IN B-PP
+legitimacy NN B-NP
+. . O
+'' '' O
+
+Still JJ B-NP
+others NNS I-NP
+are VBP B-VP
+stung VBN I-VP
+by IN B-PP
+a DT B-NP
+desire NN I-NP
+to TO B-VP
+do VB I-VP
+both DT O
+well RB B-ADVP
+and CC O
+good JJ B-NP
+, , O
+says VBZ B-VP
+Douglas NNP B-NP
+Watson NNP I-NP
+, , O
+commanding VBG B-NP
+officer NN I-NP
+of IN B-PP
+the DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+Police NNP I-NP
+Department NNP I-NP
+'s POS B-NP
+bunko-forgery NN I-NP
+division NN I-NP
+. . O
+
+Born-again JJ B-NP
+Christians NNPS I-NP
+are VBP B-VP
+the DT B-NP
+most RBS I-NP
+visible JJ I-NP
+targets NNS I-NP
+of IN B-PP
+unscrupulous JJ B-NP
+do-gooder JJ I-NP
+investment NN I-NP
+pitches NNS I-NP
+. . O
+
+But CC O
+hardly RB B-ADVP
+the DT B-NP
+only JJ I-NP
+ones NNS I-NP
+: : O
+The DT B-NP
+scams NNS I-NP
+promise VBP B-VP
+-- : O
+among IN B-PP
+other JJ B-NP
+things NNS I-NP
+-- : O
+to TO B-VP
+help VB I-VP
+save VB I-VP
+the DT B-NP
+environment NN I-NP
+, , O
+feed NN B-VP
+starving VBG B-NP
+families NNS I-NP
+and CC O
+prevent VB B-VP
+the DT B-NP
+disappearance NN I-NP
+of IN B-PP
+children NNS B-NP
+. . O
+
+Psychologists NNS B-NP
+say VBP B-VP
+isolated VBN B-NP
+people NNS I-NP
+who WP B-NP
+do VBP B-VP
+n't RB I-VP
+discuss VB I-VP
+their PRP$ B-NP
+investments NNS I-NP
+with IN B-PP
+others NNS B-NP
+are VBP B-VP
+particularly RB B-ADVP
+at IN B-PP
+risk NN B-NP
+for IN B-PP
+fraud NN B-NP
+. . O
+
+Scam NN B-NP
+artists NNS I-NP
+seek VBP B-VP
+out RP B-PRT
+such JJ B-NP
+people NNS I-NP
+-- : O
+or CC O
+try VB B-VP
+to TO I-VP
+make VB I-VP
+sure JJ B-ADJP
+that IN B-SBAR
+their PRP$ B-NP
+victims NNS I-NP
+isolate VBP B-VP
+themselves PRP B-NP
+. . O
+
+For IN B-PP
+instance NN B-NP
+, , O
+salesmen NNS B-NP
+may MD B-VP
+counter VB I-VP
+a DT B-NP
+man NN I-NP
+'s POS B-NP
+objection NN I-NP
+that IN B-SBAR
+he PRP B-NP
+wants VBZ B-VP
+to TO I-VP
+discuss VB I-VP
+an DT B-NP
+investment NN I-NP
+with IN B-PP
+his PRP$ B-NP
+wife NN I-NP
+by IN B-PP
+asking VBG B-VP
+, , O
+`` `` O
+Who WP B-NP
+wears VBZ B-VP
+the DT B-NP
+pants NNS I-NP
+in IN B-PP
+your PRP$ B-NP
+family NN I-NP
+? . O
+'' '' O
+
+Or CC O
+an DT B-NP
+investor NN I-NP
+who WP B-NP
+wants VBZ B-VP
+his PRP$ B-NP
+accountant NN I-NP
+'s POS B-NP
+advice NN I-NP
+may MD B-VP
+be VB I-VP
+told VBN I-VP
+, , O
+`` `` O
+You PRP B-NP
+seem VBP B-VP
+like IN B-PP
+a DT B-NP
+guy NN I-NP
+who WP B-NP
+can MD B-VP
+make VB I-VP
+up IN B-PRT
+his PRP$ B-NP
+own JJ I-NP
+mind NN I-NP
+. . O
+'' '' O
+
+Often RB B-ADVP
+con JJ B-NP
+artists NNS I-NP
+will MD B-VP
+try VB I-VP
+to TO I-VP
+disarm VB I-VP
+their PRP$ B-NP
+victims NNS I-NP
+by IN B-PP
+emphasizing VBG B-VP
+similarities NNS B-NP
+between IN B-PP
+them PRP B-NP
+. . O
+
+William NNP B-NP
+Lynes NNP I-NP
+, , O
+a DT B-NP
+retired VBN I-NP
+engineer NN I-NP
+from IN B-PP
+Lockheed NNP B-NP
+Corp. NNP I-NP
+, , O
+says VBZ B-VP
+he PRP B-NP
+and CC O
+his PRP$ B-NP
+wife NN I-NP
+, , O
+Lily NNP B-NP
+, , O
+warmed VBD B-VP
+to TO B-PP
+the DT B-NP
+investment NN I-NP
+pitches NNS I-NP
+of IN B-PP
+a DT B-NP
+penny-stock JJ I-NP
+peddler NN I-NP
+from IN B-PP
+Stuart-James NNP B-NP
+Co. NNP I-NP
+in IN B-PP
+Atlanta NNP B-NP
+after IN O
+the DT B-NP
+broker NN I-NP
+told VBD B-VP
+them PRP B-NP
+he PRP B-NP
+, , O
+too RB B-ADVP
+, , O
+had VBD B-VP
+once RB I-VP
+worked VBN I-VP
+with IN B-PP
+Lockheed NNP B-NP
+. . O
+
+The DT B-NP
+Lyneses NNP I-NP
+, , O
+of IN B-PP
+Powder NNP B-NP
+Springs NNP I-NP
+, , O
+Ga. NNP B-NP
+, , O
+have VBP B-VP
+filed VBN I-VP
+suit NN B-NP
+in IN B-PP
+Georgia NNP B-NP
+state NN I-NP
+court NN I-NP
+against IN B-PP
+Stuart NNP B-NP
+James NNP I-NP
+, , O
+alleging VBG B-VP
+fraud NN B-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+awaiting VBG I-VP
+an DT B-NP
+arbitration NN I-NP
+proceeding NN I-NP
+. . O
+
+They PRP B-NP
+say VBP B-VP
+the DT B-NP
+broker NN I-NP
+took VBD B-VP
+them PRP B-NP
+out IN B-ADVP
+for IN B-PP
+lunch NN B-NP
+frequently RB B-ADVP
+. . O
+
+He PRP B-NP
+urged VBD B-VP
+them PRP B-NP
+to TO B-VP
+refer VB I-VP
+their PRP$ B-NP
+friends NNS I-NP
+, , O
+who WP B-NP
+also RB B-ADVP
+lost VBD B-VP
+money NN B-NP
+. . O
+
+-LRB- ( O
+Donald NNP B-NP
+Trinen NNP I-NP
+, , O
+an DT B-NP
+attorney NN I-NP
+for IN B-PP
+the DT B-NP
+penny-brokerage JJ I-NP
+firm NN I-NP
+, , O
+denies VBZ B-VP
+the DT B-NP
+fraud NN I-NP
+allegations NNS I-NP
+and CC O
+says VBZ B-VP
+the DT B-NP
+Lyneses NNP I-NP
+were VBD B-VP
+fully RB I-VP
+apprised VBN I-VP
+that IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+pursuing VBG I-VP
+a DT B-NP
+high-risk JJ I-NP
+investment NN I-NP
+. . O
+-RRB- ) O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+not RB O
+uncommon JJ B-ADJP
+for IN B-SBAR
+these DT B-NP
+guys NNS I-NP
+to TO B-VP
+send VB I-VP
+pictures NNS B-NP
+of IN B-PP
+themselves PRP B-NP
+or CC O
+their PRP$ B-NP
+families NNS I-NP
+to TO B-VP
+ingratiate VB I-VP
+themselves PRP B-NP
+to TO B-PP
+their PRP$ B-NP
+clients NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Terree NNP B-NP
+Bowers NNP I-NP
+, , O
+chief NN B-NP
+of IN B-PP
+the DT B-NP
+major-frauds JJ I-NP
+section NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+attorney NN I-NP
+'s POS B-NP
+office NN I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+cases NNS B-NP
+where WRB B-ADVP
+salesmen NNS B-NP
+will MD B-VP
+affect VB I-VP
+the DT B-NP
+accent NN I-NP
+of IN B-PP
+the DT B-NP
+region NN I-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+they PRP B-NP
+are VBP B-VP
+calling VBG I-VP
+. . O
+
+Anything NN B-NP
+to TO B-VP
+make VB I-VP
+a DT B-NP
+sale NN I-NP
+. . O
+'' '' O
+
+Experts NNS B-NP
+say VBP B-VP
+that IN B-SBAR
+whatever WDT B-NP
+a DT B-NP
+person NN I-NP
+'s POS B-NP
+particular JJ I-NP
+weak JJ I-NP
+point NN I-NP
+, , O
+timing NN B-NP
+is VBZ B-VP
+crucial JJ B-ADJP
+. . O
+
+People NNS B-NP
+may MD B-VP
+be VB I-VP
+particularly RB B-ADJP
+vulnerable JJ I-ADJP
+to TO B-PP
+flim-flam NN B-NP
+pitches NNS I-NP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+in IN B-PP
+the DT B-NP
+midst NN I-NP
+of IN B-PP
+a DT B-NP
+major JJ I-NP
+upheaval NN I-NP
+in IN B-PP
+their PRP$ B-NP
+lives NNS I-NP
+. . O
+
+`` `` O
+Sometimes RB B-ADVP
+when WRB B-ADVP
+people NNS B-NP
+are VBP B-VP
+making VBG I-VP
+big JJ B-NP
+changes NNS I-NP
+, , O
+retiring VBG B-VP
+from IN B-PP
+their PRP$ B-NP
+jobs NNS I-NP
+, , O
+moving VBG B-VP
+to TO B-PP
+a DT B-NP
+new JJ I-NP
+area NN I-NP
+, , O
+they PRP B-NP
+lose VBP B-VP
+their PRP$ B-NP
+bearings NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Maury NNP B-NP
+Elvekrog NNP I-NP
+, , O
+a DT B-NP
+licensed VBN I-NP
+psychologist NN I-NP
+who WP B-NP
+is VBZ B-VP
+now RB B-ADVP
+an DT B-NP
+investment NN I-NP
+adviser NN I-NP
+and CC I-NP
+principal JJ I-NP
+in IN B-PP
+Seger-Elvekrog NNP B-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Birmingham NNP I-NP
+, , I-NP
+Mich. NNP I-NP
+, , I-NP
+investment-counseling JJ I-NP
+firm NN I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+may MD B-VP
+be VB I-VP
+susceptible JJ B-ADJP
+to TO B-PP
+some DT B-NP
+song NN I-NP
+and CC I-NP
+dance NN I-NP
+if IN B-SBAR
+it PRP B-NP
+hits VBZ B-VP
+them PRP B-NP
+at IN B-PP
+the DT B-NP
+right JJ I-NP
+time NN I-NP
+. . O
+'' '' O
+
+They PRP B-NP
+are VBP B-VP
+obviously RB B-ADVP
+also RB B-ADVP
+more RBR B-ADJP
+susceptible JJ I-ADJP
+when WRB B-ADVP
+they PRP B-NP
+need VBP B-VP
+money NN B-NP
+- : O
+retirees NNS B-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+trying VBG B-VP
+to TO I-VP
+bolster VB I-VP
+their PRP$ B-NP
+fixed VBN I-NP
+income NN I-NP
+or CC O
+parents NNS B-NP
+fretting VBG B-VP
+over IN B-PP
+how WRB B-ADVP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+a DT B-NP
+child NN I-NP
+'s POS B-NP
+college NN I-NP
+expenses NNS I-NP
+. . O
+
+`` `` O
+These DT B-NP
+people NNS I-NP
+are VBP B-VP
+n't RB O
+necessarily RB B-ADVP
+stupid JJ B-ADJP
+or CC I-ADJP
+naive JJ I-ADJP
+. . O
+
+Almost RB B-NP
+all DT I-NP
+of IN B-PP
+us PRP B-NP
+in IN B-PP
+comparable JJ B-NP
+circumstances NNS I-NP
+might MD B-VP
+be VB I-VP
+victimized VBN I-VP
+in IN B-PP
+some DT B-NP
+way NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jerald NNP B-NP
+Jellison NNP I-NP
+, , O
+a DT B-NP
+psychology NN I-NP
+professor NN I-NP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+Southern NNP B-NP
+California NNP I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+Nick NNP B-NP
+Cortese NNP I-NP
+thinks VBZ B-VP
+that DT B-NP
+'s VBZ B-VP
+what WP B-NP
+happened VBD B-VP
+to TO B-PP
+him PRP B-NP
+. . O
+
+Mr. NNP B-NP
+Cortese NNP I-NP
+, , O
+a DT B-NP
+33-year-old NNP I-NP
+Delta NNP I-NP
+Air NNP I-NP
+Lines NNPS I-NP
+engineer NN I-NP
+, , O
+invested VBD B-VP
+some DT B-NP
+$ $ I-NP
+2,000 CD I-NP
+in IN B-PP
+penny NN B-NP
+stocks NNS I-NP
+through IN B-PP
+a DT B-NP
+broker NN I-NP
+who WP B-NP
+promised VBD B-VP
+quick JJ B-NP
+returns NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+were VBD B-VP
+saving VBG I-VP
+up VB B-PRT
+to TO B-VP
+buy VB I-VP
+a DT B-NP
+house NN I-NP
+, , O
+and CC O
+my PRP$ B-NP
+wife NN I-NP
+was VBD B-VP
+pregnant JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Cortese NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+was VBD B-VP
+just RB B-ADVP
+before IN B-PP
+the DT B-NP
+Christmas NNP I-NP
+holidays NNS I-NP
+, , O
+and CC O
+I PRP B-NP
+figured VBD B-VP
+we PRP B-NP
+could MD B-VP
+use VB I-VP
+some DT B-NP
+extra JJ I-NP
+cash NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+investment NN I-NP
+is VBZ B-VP
+worth JJ B-ADJP
+about RB B-NP
+$ $ I-NP
+130 CD I-NP
+today NN B-NP
+. . O
+
+`` `` O
+Maybe RB B-ADVP
+it PRP B-NP
+was VBD B-VP
+just RB B-NP
+a DT I-NP
+vulnerable JJ I-NP
+time NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Cortese NNP I-NP
+. . O
+
+`` `` O
+Maybe RB B-ADVP
+the DT B-NP
+next JJ I-NP
+day NN I-NP
+or CC O
+even RB B-ADVP
+an DT B-NP
+hour NN I-NP
+later RB B-ADVP
+, , O
+I PRP B-NP
+would MD B-VP
+n't RB I-VP
+have VB I-VP
+done VBN I-VP
+it PRP B-NP
+. . O
+'' '' O
+
+Ms. NNP B-NP
+Brannigan NNP I-NP
+is VBZ B-VP
+a DT B-NP
+staff NN I-NP
+reporter NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Atlanta NNP I-NP
+bureau NN I-NP
+. . O
+
+Prices NNS B-NP
+for IN B-PP
+seats NNS B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+are VBP B-VP
+recovering VBG I-VP
+a DT B-NP
+bit NN I-NP
+after IN B-PP
+hitting VBG B-VP
+a DT B-NP
+four-year JJ I-NP
+low RB I-NP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+. . O
+
+Two CD B-NP
+seats NNS I-NP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+were VBD B-VP
+sold VBN I-VP
+yesterday NN B-NP
+for IN B-PP
+$ $ B-NP
+455,000 CD I-NP
+, , B-NP
+and CC I-NP
+then RB I-NP
+$ $ B-NP
+500,000 CD I-NP
+. . O
+
+The DT B-NP
+previous JJ I-NP
+sale NN I-NP
+was VBD B-VP
+$ $ B-NP
+436,000 CD I-NP
+on IN B-PP
+Oct. NNP B-NP
+17 CD I-NP
+; : O
+the DT B-NP
+last JJ I-NP
+time NN I-NP
+prices NNS B-NP
+were VBD B-VP
+that IN B-ADJP
+low NN I-ADJP
+was VBD B-VP
+November NNP B-NP
+1985 CD I-NP
+, , O
+when WRB B-ADVP
+a DT B-NP
+seat NN I-NP
+sold VBN B-VP
+for IN B-PP
+$ $ B-NP
+425,000 CD I-NP
+. . O
+
+Prices NNS B-NP
+peaked VBD B-VP
+at IN B-PP
+$ $ B-NP
+1,150,000 CD I-NP
+in IN B-PP
+September NNP B-NP
+1987 CD I-NP
+. . O
+
+Seats NNS B-NP
+are VBP B-VP
+currently RB I-VP
+quoted VBN I-VP
+at IN B-PP
+$ $ B-NP
+430,000 CD I-NP
+bid NN B-VP
+and CC O
+$ $ B-NP
+525,000 CD I-NP
+asked VBD B-VP
+. . O
+
+FOX NN B-NP
+HUNTING NN I-NP
+HAS VBZ B-VP
+been VBN I-VP
+defined VBN I-VP
+as IN B-PP
+the DT B-NP
+unspeakable JJ I-NP
+in IN B-PP
+pursuit NN B-NP
+of IN B-PP
+the DT B-NP
+inedible JJ I-NP
+, , O
+but CC O
+at IN B-ADVP
+least JJS I-ADVP
+it PRP B-NP
+'s VBZ B-VP
+exercise NN B-NP
+. . O
+
+At IN B-ADVP
+least JJS I-ADVP
+it PRP B-NP
+has VBZ B-VP
+a DT B-NP
+little JJ I-NP
+dash NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+us PRP B-NP
+have VBP B-VP
+to TO I-VP
+spend VB I-VP
+our PRP$ B-NP
+time NN I-NP
+on IN B-PP
+pursuits NNS B-NP
+that WDT B-NP
+afford VBP B-VP
+neither DT B-NP
+, , O
+drab JJ B-NP
+duties NNS I-NP
+rather RB B-PP
+than IN I-PP
+pleasures NNS B-NP
+. . O
+
+Like IN B-PP
+trying VBG B-VP
+to TO I-VP
+buy VB I-VP
+life NN B-NP
+insurance NN I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+an DT B-NP
+endeavor NN I-NP
+notably RB B-VP
+lacking VBG I-VP
+in IN B-PP
+dash NN B-NP
+. . O
+
+Call VB B-VP
+it PRP B-NP
+the DT B-NP
+uninformed JJ I-NP
+trudging VBG B-VP
+after IN B-PP
+the DT B-NP
+incomprehensible NN I-NP
+. . O
+
+But CC O
+sooner RBR B-ADVP
+or CC I-ADVP
+later RB I-ADVP
+, , O
+most RBS B-NP
+of IN B-PP
+us PRP B-NP
+have VBP B-VP
+to TO I-VP
+think VB I-VP
+about IN B-PP
+life NN B-NP
+insurance NN I-NP
+, , O
+just RB B-SBAR
+as IN I-SBAR
+we PRP B-NP
+often RB B-ADVP
+have VBP B-VP
+to TO I-VP
+think VB I-VP
+about IN B-PP
+having VBG B-VP
+root-canal NN B-NP
+work NN I-NP
+. . O
+
+And CC O
+my PRP$ B-NP
+time NN I-NP
+has VBZ B-VP
+come VBN I-VP
+. . O
+
+I PRP B-NP
+'m VBP B-VP
+33 CD B-NP
+, , O
+married VBN B-ADJP
+, , O
+no DT B-NP
+children NNS I-NP
+, , O
+and CC O
+employed VBD B-VP
+in IN B-PP
+writing VBG B-VP
+stories NNS B-NP
+like IN B-PP
+this DT B-NP
+one CD I-NP
+. . O
+
+In IN B-PP
+times NNS B-NP
+past JJ B-ADJP
+, , O
+life-insurance NN B-NP
+salesmen NNS I-NP
+targeted VBD B-VP
+heads NNS B-NP
+of IN B-PP
+household NN B-NP
+, , O
+meaning NN B-VP
+men NNS B-NP
+, , O
+but CC O
+ours PRP B-NP
+is VBZ B-VP
+a DT B-NP
+two-income JJ I-NP
+family NN I-NP
+and CC O
+accustomed VBN B-VP
+to TO B-PP
+it PRP B-NP
+. . O
+
+So RB O
+if IN B-SBAR
+anything NN B-NP
+happened VBD B-VP
+to TO B-PP
+me PRP B-NP
+, , O
+I PRP B-NP
+'d MD B-VP
+want VB I-VP
+to TO I-VP
+leave VB I-VP
+behind IN B-ADVP
+enough RB B-NP
+so RB B-SBAR
+that IN I-SBAR
+my PRP$ B-NP
+33-year-old JJ I-NP
+husband NN I-NP
+would MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+pay VB I-VP
+off IN B-PRT
+the DT B-NP
+mortgage NN I-NP
+and CC O
+some DT B-NP
+other JJ I-NP
+debts NNS I-NP
+-LRB- ( O
+though IN O
+not RB O
+, , O
+I PRP B-NP
+admit VBP B-VP
+, , O
+enough RB B-NP
+to TO B-VP
+put VB I-VP
+any DT B-NP
+potential JJ I-NP
+second JJ I-NP
+wife NN I-NP
+in IN B-PP
+the DT B-NP
+lap NN I-NP
+of IN B-PP
+luxury NN B-NP
+-RRB- ) O
+. . O
+
+Figuring VBG B-VP
+that IN B-SBAR
+maybe RB B-ADVP
+$ $ B-NP
+100,000 CD I-NP
+to TO I-NP
+$ $ I-NP
+150,000 CD I-NP
+would MD B-VP
+do VB I-VP
+but CC O
+having VBG B-VP
+no DT B-NP
+idea NN I-NP
+of IN B-PP
+what WP B-NP
+kind NN I-NP
+of IN B-PP
+policy NN B-NP
+I PRP B-NP
+wanted VBD B-VP
+, , O
+I PRP B-NP
+looked VBD B-VP
+at IN B-PP
+the DT B-NP
+myriad JJ I-NP
+products NNS I-NP
+of IN B-PP
+a DT B-NP
+dozen NN I-NP
+companies NNS I-NP
+-- : O
+and CC O
+plunged VBD B-VP
+into IN B-PP
+a DT B-NP
+jungle NN I-NP
+of IN B-PP
+gibberish NN B-NP
+. . O
+
+Over IN B-PP
+the DT B-NP
+past JJ I-NP
+decade NN I-NP
+or CC I-NP
+two CD I-NP
+, , O
+while IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+thinking VBG I-VP
+about IN B-PP
+fox NN B-NP
+hunting NN I-NP
+, , O
+the DT B-NP
+insurance NN I-NP
+industry NN I-NP
+has VBZ B-VP
+spawned VBN I-VP
+an DT B-NP
+incredible JJ I-NP
+number NN I-NP
+of IN B-PP
+products NNS B-NP
+, , O
+variations NNS B-NP
+on IN B-PP
+products NNS B-NP
+, , O
+and CC O
+variations NNS B-NP
+on IN B-PP
+the DT B-NP
+variations NNS I-NP
+. . O
+
+Besides IN B-PP
+term NN B-NP
+life NN I-NP
+and CC O
+whole JJ B-NP
+life NN I-NP
+-LRB- ( O
+the DT B-NP
+old JJ I-NP
+standbys NNS I-NP
+-RRB- ) O
+, , O
+we PRP B-NP
+now RB B-ADVP
+have VBP B-VP
+universal JJ B-NP
+life NN I-NP
+, , O
+universal JJ B-NP
+variable JJ I-NP
+life NN I-NP
+, , O
+flexible JJ B-NP
+adjustable JJ I-NP
+universal JJ I-NP
+life NN I-NP
+, , O
+policies NNS B-NP
+with IN B-PP
+persistency NN B-NP
+bonuses NNS I-NP
+, , O
+policies NNS B-NP
+festooned VBN B-VP
+with IN B-PP
+exotic JJ B-NP
+riders NNS I-NP
+, , O
+living VBG B-NP
+benefit NN I-NP
+policies NNS I-NP
+, , O
+and CC O
+on IN B-ADVP
+and CC I-ADVP
+on RB I-ADVP
+. . O
+
+What WP B-NP
+to TO B-VP
+do VB I-VP
+? . O
+
+First RB B-ADVP
+, , O
+generalize VB B-VP
+. . O
+
+Shorn VBN B-VP
+of IN B-PP
+all DT B-NP
+their PRP$ I-NP
+riders NNS I-NP
+, , I-NP
+special JJ I-NP
+provisions NNS I-NP
+, , I-NP
+and CC I-NP
+other JJ I-NP
+bells NNS I-NP
+and CC I-NP
+whistles NNS I-NP
+, , O
+insurance NN B-NP
+policies NNS I-NP
+can MD B-VP
+still RB I-VP
+be VB I-VP
+grouped VBN I-VP
+under IN B-PP
+two CD B-NP
+broad JJ I-NP
+categories NNS I-NP
+: : O
+so-called JJ B-NP
+pure JJ I-NP
+insurance NN I-NP
+, , O
+which WDT B-NP
+amasses VBZ B-VP
+no DT B-NP
+cash NN I-NP
+value NN I-NP
+in IN B-PP
+the DT B-NP
+policy NN I-NP
+and CC O
+pays VBZ B-VP
+off IN B-PRT
+only RB B-ADVP
+upon IN B-PP
+death NN B-NP
+, , O
+and CC O
+permanent JJ B-NP
+insurance NN I-NP
+, , O
+which WDT B-NP
+provides VBZ B-VP
+not RB B-CONJP
+only RB I-CONJP
+a DT B-NP
+death NN I-NP
+benefit NN I-NP
+but CC B-CONJP
+also RB I-CONJP
+a DT B-NP
+cash NN I-NP
+value NN I-NP
+in IN B-PP
+the DT B-NP
+policy NN I-NP
+that WDT B-NP
+can MD B-VP
+be VB I-VP
+used VBN I-VP
+in IN B-PP
+various JJ B-NP
+ways NNS I-NP
+while IN B-SBAR
+the DT B-NP
+insured VBN I-NP
+is VBZ B-VP
+still RB B-ADVP
+alive JJ B-ADJP
+. . O
+
+If IN B-SBAR
+all DT B-NP
+you PRP B-NP
+want VBP B-VP
+is VBZ B-VP
+death-benefit JJ B-NP
+coverage NN I-NP
+, , O
+pure JJ B-NP
+insurance NN I-NP
+-- : O
+a DT B-NP
+term NN I-NP
+policy NN I-NP
+-- : O
+gives VBZ B-VP
+you PRP B-NP
+maximum JJ B-NP
+bang NN I-NP
+for IN B-PP
+your PRP$ B-NP
+buck NN I-NP
+, , O
+within IN B-PP
+limits NNS B-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+much RB B-ADJP
+cheaper JJR I-ADJP
+than IN B-PP
+permanent JJ B-NP
+insurance NN I-NP
+bought VBD B-VP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+age NN I-NP
+. . O
+
+But CC O
+`` `` O
+term NN B-NP
+'' '' O
+means VBZ B-VP
+just RB B-NP
+that IN I-NP
+; : O
+the DT B-NP
+policy NN I-NP
+is VBZ B-VP
+written VBN I-VP
+for IN B-PP
+a DT B-NP
+specific JJ I-NP
+time NN I-NP
+period NN I-NP
+only RB I-NP
+and CC O
+must MD B-VP
+be VB I-VP
+renewed VBN I-VP
+when WRB B-ADVP
+it PRP B-NP
+expires VBZ B-VP
+. . O
+
+It PRP B-NP
+may MD B-VP
+also RB I-VP
+stipulate VB I-VP
+that IN B-SBAR
+the DT B-NP
+insured VBN I-NP
+must MD B-VP
+pass VB I-VP
+another DT B-NP
+medical JJ I-NP
+exam NN I-NP
+before IN B-PP
+renewal NN B-NP
+; : O
+if IN B-SBAR
+you PRP B-NP
+flunk VBP B-VP
+-- : O
+which WDT B-NP
+means VBZ B-VP
+you PRP B-NP
+need VBP B-VP
+insurance NN B-NP
+more JJR B-ADVP
+than IN B-PP
+ever RB B-ADVP
+-- : O
+you PRP B-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+buy VB I-VP
+it PRP B-NP
+. . O
+
+Even RB B-SBAR
+if IN I-SBAR
+you PRP B-NP
+'re VBP B-VP
+healthy JJ B-ADJP
+and CC O
+can MD B-VP
+renew VB I-VP
+, , O
+your PRP$ B-NP
+premium NN I-NP
+will MD B-VP
+go VB I-VP
+up IN B-ADVP
+sharply RB B-ADVP
+because IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+that IN B-NP
+much RB B-ADJP
+older JJR B-ADJP
+. . O
+
+So RB O
+term VBP B-NP
+insurance NN I-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+as RB B-ADJP
+cheap JJ I-ADJP
+as IN B-SBAR
+it PRP B-NP
+looks VBZ B-VP
+. . O
+
+There EX B-NP
+are VBP B-VP
+all DT B-NP
+sorts NNS I-NP
+of IN B-PP
+variations NNS B-NP
+on IN B-PP
+term NN B-NP
+insurance NN I-NP
+: : O
+policies NNS B-NP
+structured VBN B-VP
+to TO B-VP
+pay VB I-VP
+off IN B-PRT
+your PRP$ B-NP
+mortgage NN I-NP
+debt NN I-NP
+, , O
+term NN B-NP
+riders NNS I-NP
+tacked VBD B-VP
+on IN B-PRT
+to TO B-PP
+permanent JJ B-NP
+insurance NN I-NP
+, , O
+and CC O
+many JJ B-NP
+others NNS I-NP
+. . O
+
+One CD B-NP
+variation NN I-NP
+that WDT B-NP
+appealed VBD B-VP
+to TO B-PP
+me PRP B-NP
+at IN B-PP
+first JJ B-NP
+was VBD B-VP
+the DT B-NP
+`` `` I-NP
+Money NNP I-NP
+Smart NNP I-NP
+Term NNP I-NP
+Life NNP I-NP
+'' '' I-NP
+policy NN I-NP
+offered VBN B-VP
+by IN B-PP
+Amex NNP B-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+American NNP I-NP
+Express NNP I-NP
+unit NN I-NP
+, , O
+to TO B-PP
+the DT B-NP
+parent NN I-NP
+company NN I-NP
+'s POS B-NP
+credit-card NN I-NP
+holders NNS I-NP
+. . O
+
+Upon IN B-PP
+examination NN B-NP
+, , O
+however RB B-ADVP
+, , O
+I PRP B-NP
+wondered VBD B-VP
+whether IN B-SBAR
+the DT B-NP
+plan NN I-NP
+made VBD B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+sense NN B-NP
+. . O
+
+Amex NNP B-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+charge VB I-VP
+me PRP B-NP
+$ $ B-NP
+576 CD I-NP
+a DT B-NP
+year NN I-NP
+for IN B-PP
+$ $ B-NP
+100,000 CD I-NP
+of IN B-PP
+coverage NN B-NP
+-- : O
+and CC O
+would MD B-VP
+pay VB I-VP
+me PRP B-NP
+back RB B-ADVP
+all PDT B-NP
+the DT I-NP
+premiums NNS I-NP
+I PRP B-NP
+put VBP B-VP
+in IN B-ADVP
+if IN B-SBAR
+I PRP B-NP
+canceled VBD B-VP
+the DT B-NP
+policy NN I-NP
+after IN B-PP
+10 CD B-NP
+years NNS I-NP
+. . O
+
+Sounds VBZ B-VP
+great JJ B-ADJP
+-- : O
+or CC O
+does VBZ O
+it PRP B-NP
+? . O
+
+First RB B-ADVP
+, , O
+if IN B-SBAR
+I PRP B-NP
+canceled VBD B-VP
+, , O
+I PRP B-NP
+'d MD B-VP
+have VB I-VP
+no DT B-NP
+more JJR I-NP
+insurance NN I-NP
+, , O
+a DT B-NP
+not RB I-NP
+insignificant JJ I-NP
+consideration NN I-NP
+. . O
+
+Second JJ B-ADVP
+, , O
+the DT B-NP
+$ $ I-NP
+5,760 CD I-NP
+I PRP B-NP
+'d MD B-VP
+get VB I-VP
+back RB B-ADVP
+would MD B-VP
+be VB I-VP
+much RB I-VP
+diminished VBN I-VP
+in IN B-PP
+purchasing VBG B-NP
+power NN I-NP
+by IN B-PP
+10 CD B-NP
+years NNS I-NP
+of IN B-PP
+inflation NN B-NP
+; : O
+Amex NNP B-NP
+, , I-NP
+not RB I-NP
+I PRP I-NP
+, , O
+would MD B-VP
+get VB I-VP
+the DT B-NP
+benefit NN I-NP
+of IN B-PP
+the DT B-NP
+investment NN I-NP
+income NN I-NP
+on IN B-PP
+my PRP$ B-NP
+money NN I-NP
+, , O
+income NN B-NP
+that WDT B-NP
+would MD B-VP
+have VB I-VP
+exceeded VBN I-VP
+the DT B-NP
+inflation NN I-NP
+rate NN I-NP
+and CC O
+thus RB B-ADVP
+given VBN B-VP
+the DT B-NP
+company NN I-NP
+a DT B-NP
+real JJ I-NP
+profit NN I-NP
+. . O
+
+Third NNP B-ADVP
+and CC O
+most RBS B-ADJP
+important JJ I-ADJP
+, , O
+Amex NNP B-NP
+would MD B-VP
+charge VB I-VP
+me PRP B-NP
+a DT B-NP
+far RB I-NP
+higher JJR I-NP
+premium NN I-NP
+than IN B-SBAR
+other JJ B-NP
+reputable JJ I-NP
+companies NNS I-NP
+would MD B-VP
+on IN B-PP
+a DT B-NP
+straight JJ I-NP
+term NN I-NP
+policy NN I-NP
+for IN B-PP
+the DT B-NP
+same JJ I-NP
+amount NN I-NP
+; : O
+I PRP B-NP
+'d MD B-VP
+be VB I-VP
+paying VBG I-VP
+so RB B-ADVP
+heavily RB I-ADVP
+just RB B-ADVP
+to TO B-VP
+have VB I-VP
+the DT B-NP
+option NN I-NP
+of IN B-PP
+getting VBG B-VP
+my PRP$ B-NP
+premiums NNS I-NP
+back RB B-ADVP
+that IN B-SBAR
+I PRP B-NP
+'d MD B-VP
+almost RB I-VP
+have VB I-VP
+to TO I-VP
+cancel VB I-VP
+to TO B-VP
+make VB I-VP
+the DT B-NP
+whole JJ I-NP
+thing NN I-NP
+worthwhile JJ B-ADJP
+. . O
+
+That DT B-NP
+would MD B-VP
+be VB I-VP
+all DT B-ADJP
+right NN I-ADJP
+with IN B-PP
+Amex NNP B-NP
+, , O
+which WDT B-NP
+could MD B-VP
+then RB I-VP
+lock VB I-VP
+in IN B-ADVP
+its PRP$ B-NP
+investment NN I-NP
+profit NN I-NP
+, , O
+but CC O
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+add VB I-VP
+up IN B-PRT
+to TO B-PP
+a DT B-NP
+`` `` I-NP
+smart JJ I-NP
+money NN I-NP
+'' '' I-NP
+move NN I-NP
+for IN B-PP
+me PRP B-NP
+. . O
+
+Which WDT B-NP
+goes VBZ B-VP
+to TO I-VP
+show VB I-VP
+that IN B-SBAR
+the DT B-NP
+First NNP I-NP
+Law NNP I-NP
+applies VBZ B-VP
+in IN B-PP
+insurance NN B-NP
+as IN B-PP
+in IN B-PP
+anything NN B-NP
+else RB B-ADJP
+: : O
+There EX B-NP
+is VBZ B-VP
+no DT B-NP
+free JJ I-NP
+lunch NN I-NP
+, , O
+there EX B-NP
+is VBZ B-VP
+only JJ B-NP
+marketing NN I-NP
+. . O
+
+And CC O
+the DT B-NP
+Second NNP I-NP
+Law NNP I-NP
+, , O
+unique JJ B-ADJP
+to TO B-PP
+insurance NN B-NP
+? . O
+
+If IN B-SBAR
+I PRP B-NP
+die VBP B-VP
+early JJ B-ADVP
+, , O
+I PRP B-NP
+win VBP B-VP
+-- : O
+a DT B-NP
+hollow JJ I-NP
+victory NN I-NP
+, , O
+since IN B-SBAR
+I PRP B-NP
+ca MD B-VP
+n't RB I-VP
+enjoy VB I-VP
+it PRP B-NP
+-- : O
+and CC O
+if IN B-SBAR
+I PRP B-NP
+live VBP B-VP
+long JJ B-ADVP
+, , O
+the DT B-NP
+insurer NN I-NP
+wins NNS B-VP
+. . O
+
+Always RB B-ADVP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+worth JJ B-ADJP
+remembering NN B-NP
+when WRB B-ADVP
+insurers NNS B-NP
+and CC O
+their PRP$ B-NP
+salesmen NNS I-NP
+try VBP B-VP
+to TO I-VP
+sell VB I-VP
+you PRP B-NP
+permanent JJ B-NP
+insurance NN I-NP
+, , O
+the DT B-NP
+kind NN I-NP
+that WDT B-NP
+amasses VBZ B-VP
+cash NN B-NP
+value NN I-NP
+. . O
+
+The DT B-NP
+word NN I-NP
+`` `` I-NP
+death NN I-NP
+'' '' O
+can MD B-VP
+not RB I-VP
+be VB I-VP
+escaped VBN I-VP
+entirely RB B-ADVP
+by IN B-PP
+the DT B-NP
+industry NN I-NP
+, , O
+but CC O
+salesmen NNS B-NP
+dodge VBP B-VP
+it PRP B-NP
+wherever WRB B-ADVP
+possible JJ B-ADJP
+or CC O
+cloak NN B-VP
+it PRP B-NP
+in IN B-PP
+euphemisms NNS B-NP
+, , O
+preferring VBG B-VP
+to TO I-VP
+talk VB I-VP
+about IN B-PP
+`` `` B-NP
+savings NNS I-NP
+'' '' I-NP
+and CC I-NP
+`` `` I-NP
+investment NN I-NP
+'' '' O
+instead RB B-ADVP
+. . O
+
+The DT B-NP
+implication NN I-NP
+is VBZ B-VP
+that IN O
+your PRP$ B-NP
+permanent-insurance JJ I-NP
+policy NN I-NP
+is VBZ B-VP
+really RB B-ADVP
+some DT B-NP
+kind NN I-NP
+of IN B-PP
+CD NNP B-NP
+or CC O
+mutual-fund JJ B-NP
+account NN I-NP
+with IN B-PP
+an DT B-NP
+added VBN I-NP
+feature NN I-NP
+. . O
+
+That DT B-NP
+is VBZ B-VP
+gilding NN B-VP
+the DT B-NP
+lily NN I-NP
+. . O
+
+The DT B-NP
+fact NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+as IN B-PP
+a DT B-NP
+savings NNS I-NP
+or CC I-NP
+investment NN I-NP
+vehicle NN I-NP
+, , O
+insurance NN B-NP
+generally RB B-ADVP
+runs VBZ B-VP
+a DT B-NP
+poor JJ I-NP
+second JJ I-NP
+to TO B-PP
+any DT B-NP
+direct JJ I-NP
+investment NN I-NP
+you PRP B-NP
+might MD B-VP
+make VB I-VP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+things NNS I-NP
+the DT B-NP
+insurance NN I-NP
+company NN I-NP
+is VBZ B-VP
+putting VBG I-VP
+your PRP$ B-NP
+money NN I-NP
+into IN B-PP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+because IN B-SBAR
+you PRP B-NP
+have VBP B-VP
+to TO I-VP
+pay VB I-VP
+for IN B-PP
+the DT B-NP
+insurance NN I-NP
+portion NN I-NP
+of IN B-PP
+the DT B-NP
+policy NN I-NP
+and CC O
+the DT B-NP
+effort NN I-NP
+required VBN B-VP
+to TO B-VP
+sell VB I-VP
+and CC I-VP
+service VB I-VP
+the DT B-NP
+whole JJ I-NP
+package NN I-NP
+. . O
+
+Again RB B-ADVP
+, , O
+no DT B-NP
+free JJ I-NP
+lunch NN I-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+reflected VBN I-VP
+in IN B-PP
+a DT B-NP
+built-in JJ I-NP
+mortality NN I-NP
+cost NN I-NP
+-- : O
+in IN B-PP
+effect NN B-NP
+, , O
+your PRP$ B-NP
+share NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+estimated VBN I-NP
+liability NN I-NP
+in IN B-PP
+paying VBG B-VP
+off IN B-PRT
+beneficiaries NNS B-NP
+of IN B-PP
+people NNS B-NP
+who WP B-NP
+had VBD B-VP
+the DT B-NP
+effrontery NN I-NP
+to TO B-VP
+die VB I-VP
+while IN B-SBAR
+under IN B-PP
+its PRP$ B-NP
+protection NN I-NP
+. . O
+
+And CC O
+in IN B-PP
+most RBS B-NP
+cases NNS I-NP
+, , O
+a DT B-NP
+huge JJ I-NP
+hunk NN I-NP
+of IN B-PP
+your PRP$ B-NP
+premium NN I-NP
+in IN B-PP
+the DT B-NP
+initial JJ I-NP
+year NN I-NP
+or CC I-NP
+two CD I-NP
+of IN B-PP
+the DT B-NP
+the DT I-NP
+policy NN I-NP
+is VBZ B-VP
+, , O
+in IN B-PP
+effect NN B-NP
+, , O
+paying VBG B-VP
+the DT B-NP
+salesman NN I-NP
+'s POS B-NP
+commission NN I-NP
+as IN B-ADVP
+well RB I-ADVP
+; : O
+investment NN B-NP
+returns NNS I-NP
+on IN B-PP
+most RBS B-NP
+policies NNS I-NP
+are VBP B-VP
+actually RB B-ADVP
+negative JJ B-ADVP
+for IN B-PP
+several JJ B-NP
+years NNS I-NP
+, , O
+largely RB B-ADVP
+because IN B-PP
+of IN I-PP
+this DT B-NP
+. . O
+
+So RB O
+view VBP B-VP
+permanent JJ B-NP
+insurance NN I-NP
+for IN B-PP
+what WP B-NP
+it PRP B-NP
+is VBZ B-VP
+-- : O
+a DT B-NP
+compromise NN I-NP
+between IN B-PP
+pure JJ B-NP
+insurance NN I-NP
+and CC O
+direct JJ B-NP
+investment NN I-NP
+. . O
+
+The DT B-NP
+simplest JJS I-NP
+, , I-NP
+most RBS I-NP
+traditional JJ I-NP
+form NN I-NP
+of IN B-PP
+permanent JJ B-NP
+insurance NN I-NP
+is VBZ B-VP
+the DT B-NP
+straight JJ I-NP
+whole JJ I-NP
+life NN I-NP
+policy NN I-NP
+. . O
+
+You PRP B-NP
+pay VBP B-VP
+a DT B-NP
+set VBN I-NP
+premium NN I-NP
+for IN B-PP
+a DT B-NP
+set VBN I-NP
+amount NN I-NP
+of IN B-PP
+coverage NN B-NP
+, , O
+the DT B-NP
+company NN I-NP
+invests VBZ B-VP
+that DT B-NP
+premium NN I-NP
+in IN B-PP
+a DT B-NP
+portfolio NN I-NP
+of IN B-PP
+its PRP$ B-NP
+choosing NN I-NP
+, , O
+and CC O
+your PRP$ B-NP
+cash NN I-NP
+value NN I-NP
+and CC I-NP
+dividends NNS I-NP
+grow VBP B-VP
+over IN B-PP
+the DT B-NP
+years NNS I-NP
+. . O
+
+One CD B-NP
+newer JJR I-NP
+wrinkle NN I-NP
+, , O
+so RB B-NP
+called VBN I-NP
+single-premium JJ I-NP
+life NN I-NP
+-LRB- ( O
+you PRP B-NP
+pay VBP B-VP
+for IN B-PP
+the DT B-NP
+whole JJ I-NP
+policy NN I-NP
+at IN B-PP
+once RB B-NP
+-RRB- ) O
+, , O
+has VBZ B-VP
+been VBN I-VP
+immensely RB B-ADJP
+popular JJ I-ADJP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+for IN B-PP
+tax NN B-NP
+reasons NNS I-NP
+; : O
+the DT B-NP
+insured VBN I-NP
+could MD B-VP
+extract VB I-VP
+cash NN B-NP
+value NN I-NP
+in IN B-PP
+the DT B-NP
+form NN I-NP
+of IN B-PP
+policy NN B-NP
+`` `` I-NP
+loans NNS I-NP
+, , O
+'' '' O
+and CC O
+none NN B-NP
+of IN B-PP
+the DT B-NP
+proceeds NNS I-NP
+were VBD B-VP
+taxable JJ B-ADJP
+even RB B-SBAR
+though IN I-SBAR
+they PRP B-NP
+included VBD B-VP
+gains NNS B-NP
+on IN B-PP
+investment NN B-NP
+. . O
+
+Congress NNP B-NP
+closed VBD B-VP
+this DT B-NP
+loophole NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+or CC O
+thought VBD B-VP
+it PRP B-NP
+did VBD B-VP
+. . O
+
+However RB B-ADVP
+, , O
+Monarch NNP B-NP
+Capital NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+Springfield NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+has VBZ B-VP
+developed VBN I-VP
+a DT B-NP
+`` `` I-NP
+combination NN I-NP
+plan NN I-NP
+'' '' O
+of IN B-PP
+annuity NN B-NP
+and CC I-NP
+insurance NN I-NP
+coverage NN I-NP
+that IN B-NP
+it PRP B-NP
+says VBZ B-VP
+does VBZ B-VP
+not RB I-VP
+violate VB I-VP
+the DT B-NP
+new JJ I-NP
+regulations NNS I-NP
+and CC O
+that DT O
+allows VBZ B-VP
+policy NN B-NP
+loans NNS I-NP
+without IN B-PP
+tax NN B-NP
+consequences NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+percentage NN I-NP
+of IN B-PP
+your PRP$ B-NP
+cash NN I-NP
+reserve NN I-NP
+that IN B-NP
+you PRP B-NP
+can MD B-VP
+borrow VB I-VP
+tax-free JJ B-ADVP
+is VBZ B-VP
+very RB B-ADJP
+small JJ I-ADJP
+. . O
+
+I PRP B-NP
+'m VBP B-VP
+not RB I-VP
+prepared VBN I-VP
+in IN B-PP
+any DT B-NP
+case NN I-NP
+to TO B-VP
+put VB I-VP
+that IN B-NP
+much JJ I-NP
+money NN I-NP
+into IN B-PP
+a DT B-NP
+policy NN I-NP
+immediately RB B-ADVP
+, , O
+so IN O
+I PRP B-NP
+look VBP B-VP
+into IN B-PP
+the DT B-NP
+broad JJ I-NP
+category NN I-NP
+called VBD B-VP
+universal JJ B-NP
+life NN I-NP
+. . O
+
+Hugely RB B-ADJP
+popular JJ I-ADJP
+, , O
+it PRP B-NP
+is VBZ B-VP
+far RB B-ADJP
+more RBR I-ADJP
+flexible JJ I-ADJP
+than IN B-PP
+straight JJ B-NP
+whole JJ I-NP
+life NN I-NP
+. . O
+
+I PRP B-NP
+can MD B-VP
+adjust VB I-VP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+insurance NN B-NP
+I PRP B-NP
+want VBP B-VP
+against IN B-PP
+the DT B-NP
+amount NN I-NP
+going VBG B-VP
+into IN B-PP
+investment NN B-NP
+; : O
+I PRP B-NP
+can MD B-VP
+pay VB I-VP
+more JJR B-NP
+or CC I-NP
+less JJR I-NP
+than IN B-PP
+the DT B-NP
+so-called JJ I-NP
+target NN I-NP
+premium NN I-NP
+in IN B-PP
+a DT B-NP
+given VBN I-NP
+year NN I-NP
+; : O
+and CC O
+I PRP B-NP
+can MD B-VP
+even RB I-VP
+skip VB I-VP
+payments NNS B-NP
+if IN B-SBAR
+my PRP$ B-NP
+cash NN I-NP
+reserves NNS I-NP
+are VBP B-VP
+enough RB B-ADJP
+to TO B-VP
+cover VB I-VP
+the DT B-NP
+insurance NN I-NP
+portion NN I-NP
+of IN B-PP
+the DT B-NP
+policy NN I-NP
+. . O
+
+In IN B-PP
+looking VBG B-VP
+at IN B-PP
+these DT B-NP
+and CC I-NP
+other JJ I-NP
+policies NNS I-NP
+, , O
+I PRP B-NP
+learn VBP B-VP
+to TO I-VP
+ask VB I-VP
+pointed VBD B-NP
+questions NNS I-NP
+about IN B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+assumptions NNS I-NP
+built VBN B-VP
+into IN B-PP
+`` `` O
+policy NN B-NP
+illustrations NNS I-NP
+'' '' O
+-- : O
+the DT B-NP
+rows NNS I-NP
+of IN B-PP
+numbers VBZ B-NP
+that DT B-NP
+show NN B-VP
+me PRP B-NP
+the DT B-NP
+buildup NN I-NP
+of IN B-PP
+my PRP$ B-NP
+cash NN I-NP
+values NNS I-NP
+over IN B-PP
+the DT B-NP
+years NNS I-NP
+. . O
+
+They PRP B-NP
+commonly RB B-ADVP
+give VBP B-VP
+two CD B-NP
+scenarios NNS I-NP
+: : O
+One CD B-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+interest NN B-NP
+rates NNS I-NP
+that IN B-NP
+the DT B-NP
+company NN I-NP
+guarantees NNS B-VP
+-LRB- ( O
+usually RB B-ADVP
+4 CD B-NP
+% NN I-NP
+to TO I-NP
+4.5 CD I-NP
+% NN I-NP
+-RRB- ) O
+and CC O
+the DT B-NP
+other NN I-NP
+on IN B-PP
+the DT B-NP
+rate NN I-NP
+it PRP B-NP
+is VBZ B-VP
+currently RB I-VP
+getting VBG I-VP
+on IN B-PP
+investment NN B-NP
+, , O
+often RB B-ADVP
+8.5 CD B-NP
+% NN I-NP
+or CC I-NP
+more JJR I-NP
+. . O
+
+Projecting VBG B-VP
+the DT B-NP
+latter NN I-NP
+over IN B-PP
+several JJ B-NP
+decades NNS I-NP
+, , O
+I PRP B-NP
+find VBP B-VP
+my PRP$ B-NP
+cash NN I-NP
+buildup NN I-NP
+is VBZ B-VP
+impressive JJ B-ADJP
+-- : O
+but CC O
+can MD O
+any DT B-NP
+high JJ I-NP
+interest NN I-NP
+rate NN I-NP
+prevail VB B-VP
+for IN B-PP
+that DT B-NP
+long JJ I-NP
+? . O
+
+Not RB B-ADJP
+likely JJ I-ADJP
+, , O
+I PRP B-NP
+think VBP B-VP
+. . O
+
+Also RB B-ADVP
+, , O
+some DT B-NP
+policy NN I-NP
+illustrations NNS I-NP
+assume VBP B-VP
+that IN B-SBAR
+mortality NN B-NP
+costs NNS I-NP
+will MD B-VP
+decline VB I-VP
+or CC O
+that IN B-SBAR
+I PRP B-NP
+will MD B-VP
+get VB I-VP
+some DT B-NP
+sort NN I-NP
+of IN B-PP
+dividend NN B-NP
+bonus NN I-NP
+after IN B-PP
+the DT B-NP
+10th JJ I-NP
+year NN I-NP
+. . O
+
+These DT B-NP
+are VBP B-VP
+not RB O
+certain JJ B-ADJP
+, , O
+either RB B-ADVP
+. . O
+
+Companies NNS B-NP
+`` `` O
+are VBP B-VP
+n't RB O
+comfortable JJ B-ADJP
+playing VBG B-VP
+these DT B-NP
+games NNS I-NP
+, , O
+but CC O
+they PRP B-NP
+realize VBP B-VP
+they PRP B-NP
+'re VBP B-VP
+under IN B-PP
+pressure NN B-NP
+to TO B-VP
+make VB I-VP
+their PRP$ B-NP
+policies NNS I-NP
+look VBP B-VP
+good JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Timothy NNP B-NP
+Pfiefer NNP I-NP
+, , O
+an DT B-NP
+actuarial JJ I-NP
+consultant NN I-NP
+at IN B-PP
+Tillinghast NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Towers NNP B-NP
+Perrin NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+big JJ I-NP
+New NNP I-NP
+York NNP I-NP
+consulting NN I-NP
+firm NN I-NP
+. . O
+
+Another DT B-NP
+factor NN I-NP
+to TO B-VP
+consider VB I-VP
+: : O
+Some DT B-NP
+of IN B-PP
+the DT B-NP
+companies NNS I-NP
+currently RB B-VP
+earning VBG I-VP
+very RB B-NP
+high JJ I-NP
+yields NNS I-NP
+are VBP B-VP
+doing VBG I-VP
+so RB B-ADVP
+through IN B-PP
+substantial JJ B-NP
+investment NN I-NP
+in IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+, , O
+and CC O
+you PRP B-NP
+know VBP B-VP
+how WRB B-ADJP
+nervous JJ I-ADJP
+the DT B-NP
+market NN I-NP
+has VBZ B-VP
+been VBN I-VP
+about IN B-PP
+those DT B-NP
+lately RB B-ADVP
+. . O
+
+There EX B-NP
+are VBP B-VP
+seemingly RB B-NP
+endless JJ I-NP
+twists NNS I-NP
+to TO B-PP
+universal JJ B-NP
+life NN I-NP
+, , O
+and CC O
+it PRP B-NP
+pays VBZ B-VP
+to TO I-VP
+ask VB I-VP
+questions NNS B-NP
+about IN B-PP
+all DT B-NP
+of IN B-PP
+them PRP B-NP
+. . O
+
+At IN B-PP
+a DT B-NP
+back-yard JJ I-NP
+barbecue NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+a DT B-NP
+friend NN I-NP
+boasts VBZ B-VP
+that IN B-SBAR
+she PRP B-NP
+'ll MD B-VP
+only RB I-VP
+have VB I-VP
+to TO I-VP
+pay VB I-VP
+premiums NNS B-NP
+on IN B-PP
+her PRP$ B-NP
+John NNP I-NP
+Hancock NNP I-NP
+policy NN I-NP
+for IN B-PP
+seven CD B-NP
+years NNS I-NP
+and CC O
+that IN B-SBAR
+her PRP$ B-NP
+death NN I-NP
+benefits NNS I-NP
+will MD B-VP
+then RB I-VP
+be VB I-VP
+`` `` O
+guaranteed VBN B-VP
+. . O
+'' '' O
+
+I PRP B-NP
+call VBP B-VP
+her PRP$ B-NP
+agent NN I-NP
+, , O
+David NNP B-NP
+Dominici NNP I-NP
+. . O
+
+Yes UH B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+premiums NNS B-NP
+on IN B-PP
+such JJ B-NP
+variable-rate JJ I-NP
+coverage NN I-NP
+can MD B-VP
+be VB I-VP
+structured VBN I-VP
+to TO B-VP
+`` `` I-VP
+vanish VBP I-VP
+'' '' O
+after IN B-PP
+a DT B-NP
+certain JJ I-NP
+period NN I-NP
+-- : O
+but CC O
+usually RB B-ADVP
+only RB B-ADVP
+if IN B-SBAR
+interest NN B-NP
+rates NNS I-NP
+stay VBP B-VP
+high JJ B-ADJP
+enough RB I-ADJP
+to TO B-VP
+generate VB I-VP
+sufficient JJ B-NP
+cash NN I-NP
+to TO B-VP
+cover VB I-VP
+the DT B-NP
+annual JJ I-NP
+cost NN I-NP
+of IN B-PP
+insurance NN B-NP
+protection NN I-NP
+. . O
+
+If IN B-SBAR
+interest NN B-NP
+rates NNS I-NP
+plunge VBP B-VP
+, , O
+the DT B-NP
+insurer NN I-NP
+may MD B-VP
+be VB I-VP
+knocking VBG I-VP
+on IN B-PP
+my PRP$ B-NP
+door NN I-NP
+, , O
+asking VBG B-VP
+for IN B-PP
+steeper JJR B-NP
+premium NN I-NP
+payments NNS I-NP
+to TO B-VP
+maintain VB I-VP
+the DT B-NP
+same JJ I-NP
+amount NN I-NP
+of IN B-PP
+protection NN B-NP
+. . O
+
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+like IN I-VP
+the DT B-NP
+sound NN I-NP
+of IN B-PP
+that DT B-NP
+. . O
+
+Some DT B-NP
+insurers NNS I-NP
+have VBP B-VP
+also RB I-VP
+started VBN I-VP
+offering NN I-VP
+`` `` O
+persistency NN B-NP
+bonuses NNS I-NP
+, , O
+'' '' O
+such JJ B-PP
+as IN I-PP
+extra JJ B-NP
+dividends NNS I-NP
+or CC O
+a DT B-NP
+marginally RB I-NP
+higher JJR I-NP
+interest NN I-NP
+yield NN I-NP
+, , O
+if IN B-SBAR
+the DT B-NP
+policy NN I-NP
+is VBZ B-VP
+maintained VBN I-VP
+for IN B-PP
+10 CD B-NP
+years NNS I-NP
+. . O
+
+But CC O
+Glenn NNP B-NP
+Daily NNP I-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York-based JJ I-NP
+financial JJ I-NP
+consultant NN I-NP
+, , O
+warns VBZ B-VP
+that IN B-SBAR
+many NN B-NP
+of IN B-PP
+these DT B-NP
+bonuses NNS I-NP
+are VBP B-VP
+`` `` O
+just RB B-NP
+fantasies NNS I-NP
+, , O
+'' '' O
+because IN B-SBAR
+most RBS B-NP
+are VBP B-VP
+n't RB I-VP
+guaranteed VBN I-VP
+by IN B-PP
+the DT B-NP
+companies NNS I-NP
+. . O
+
+And CC O
+the DT B-NP
+feature NN I-NP
+is VBZ B-VP
+so RB B-ADJP
+new JJ I-ADJP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+that IN B-SBAR
+no DT B-NP
+insurer NN I-NP
+has VBZ B-VP
+yet RB I-VP
+established VBN I-VP
+a DT B-NP
+track NN I-NP
+record NN I-NP
+for IN B-PP
+actually RB B-ADVP
+making VBG B-VP
+such JJ B-NP
+payments NNS I-NP
+. . O
+
+So-called JJ B-NP
+living-benefits JJ I-NP
+provisions NNS I-NP
+also RB B-ADVP
+merit VBP B-VP
+a DT B-NP
+close NN I-NP
+inspection NN I-NP
+. . O
+
+Offered NNP B-VP
+by IN B-PP
+insurers NNS B-NP
+that WDT B-NP
+include VBP B-VP
+Security-Connecticut NNP B-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+Jackson NNP B-NP
+National NNP I-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+and CC O
+National NNP B-NP
+Travelers NNP I-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+these DT B-NP
+policy NN I-NP
+riders NNS I-NP
+let VBP B-VP
+me PRP B-NP
+tap VBP B-VP
+a DT B-NP
+portion NN I-NP
+of IN B-PP
+my PRP$ B-NP
+death NN I-NP
+benefits NNS I-NP
+while IN B-SBAR
+I PRP B-NP
+'m VBP B-VP
+still RB B-ADVP
+alive JJ B-ADJP
+. . O
+
+Some DT B-NP
+provisions NNS I-NP
+would MD B-VP
+let VB I-VP
+me PRP B-NP
+collect VB B-VP
+a DT B-NP
+percentage NN I-NP
+of IN B-PP
+the DT B-NP
+policy NN I-NP
+'s POS B-NP
+face NN I-NP
+value NN I-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+long-term JJ B-NP
+care NN I-NP
+such JJ B-PP
+as IN I-PP
+nursing-home NN B-NP
+stays VBZ I-NP
+; : O
+others NNS B-NP
+would MD B-VP
+allow VB I-VP
+payments NNS B-NP
+for IN B-PP
+catastrophic JJ B-NP
+illnesses NNS I-NP
+and CC I-NP
+conditions NNS I-NP
+such JJ B-PP
+as IN I-PP
+cancer NN B-NP
+, , O
+heart NN B-NP
+attarcks NNS I-NP
+, , O
+renal JJ B-NP
+failure NN I-NP
+and CC O
+kidney NN B-NP
+transplants NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+catastrophic JJ I-NP
+events NNS I-NP
+for IN B-PP
+which WDT B-NP
+the DT B-NP
+policyholder NN I-NP
+can MD B-VP
+collect VB I-VP
+are VBP B-VP
+narrowly RB I-VP
+defined VBN I-VP
+, , O
+vary VBP B-VP
+from IN B-PP
+policy NN B-NP
+to TO B-PP
+policy NN B-NP
+, , O
+and CC O
+generally RB B-VP
+permit VB I-VP
+use NN B-NP
+of IN B-PP
+only RB B-NP
+a DT I-NP
+small JJ I-NP
+fraction NN I-NP
+of IN B-PP
+the DT B-NP
+face NN I-NP
+amount NN I-NP
+of IN B-PP
+insurance NN B-NP
+. . O
+
+Also RB B-ADVP
+, , O
+financial JJ B-NP
+planners NNS I-NP
+advising VBG B-VP
+on IN B-PP
+insurance NN B-NP
+say VBP B-VP
+that IN B-SBAR
+to TO B-PP
+their PRP$ B-NP
+knowledge NN I-NP
+there EX B-NP
+has VBZ B-VP
+not RB I-VP
+yet RB I-VP
+been VBN I-VP
+a DT B-NP
+tax NN I-NP
+ruling NN I-NP
+exempting VBG B-VP
+these DT B-NP
+advance NN I-NP
+payments NNS I-NP
+from IN B-PP
+taxes NNS B-NP
+. . O
+
+And CC O
+considering VBG B-PP
+the DT B-NP
+extra JJ I-NP
+cost NN I-NP
+of IN B-PP
+such JJ B-NP
+provisions NNS I-NP
+, , O
+some DT B-NP
+figure NN B-VP
+that IN B-SBAR
+people NNS B-NP
+interested JJ B-ADJP
+in IN B-PP
+, , O
+say VBP B-INTJ
+, , O
+paying VBG B-VP
+for IN B-PP
+extended VBN B-NP
+nursing-home NN I-NP
+care NN I-NP
+would MD B-VP
+be VB I-VP
+better JJR B-ADJP
+off IN I-ADJP
+just RB B-ADVP
+buying VBG B-VP
+a DT B-NP
+separate JJ I-NP
+policy NN I-NP
+that WDT B-NP
+provides VBZ B-VP
+it PRP B-NP
+. . O
+
+I PRP B-NP
+'m VBP B-VP
+more RBR I-VP
+favorably RB I-VP
+impressed VBN I-VP
+by IN B-PP
+`` `` O
+no-load JJ B-NP
+life NN I-NP
+, , O
+'' '' O
+even RB B-SBAR
+though IN I-SBAR
+it PRP B-NP
+turns VBZ B-VP
+out IN B-PRT
+to TO B-VP
+be VB I-VP
+low-load JJ B-NP
+life NN I-NP
+. . O
+
+Insureres NNS B-NP
+selling VBG B-VP
+these DT B-NP
+policies NNS I-NP
+market NN B-VP
+them PRP B-NP
+directly RB B-ADVP
+to TO B-PP
+the DT B-NP
+public JJ I-NP
+or CC O
+otherwise RB B-VP
+do VBP I-VP
+n't RB I-VP
+use VB I-VP
+commissioned VBN B-NP
+salesmen NNS I-NP
+; : O
+there EX B-NP
+is VBZ B-VP
+still RB B-ADVP
+a DT B-NP
+load NN I-NP
+-- : O
+annual JJ B-NP
+administrative JJ I-NP
+fees NNS I-NP
+and CC O
+initial JJ B-NP
+`` `` I-NP
+setup NN I-NP
+'' '' I-NP
+charges NNS I-NP
+-- : O
+but CC O
+I PRP B-NP
+figure VBP B-VP
+that IN B-SBAR
+the DT B-NP
+lack NN I-NP
+of IN B-PP
+commission NN B-NP
+and CC B-PP
+of IN B-PP
+`` `` O
+surrender NN B-NP
+fees NNS I-NP
+'' '' O
+for IN B-PP
+dropping VBG B-VP
+the DT B-NP
+policy NN I-NP
+early JJ B-ADVP
+still RB B-ADVP
+saves VBZ B-VP
+me PRP B-NP
+a DT B-NP
+lot NN I-NP
+. . O
+
+I PRP B-NP
+compared VBD B-VP
+one CD B-NP
+universal JJ I-NP
+policy NN I-NP
+for IN B-PP
+$ $ B-NP
+130,000 CD I-NP
+face NN I-NP
+amount NN I-NP
+from IN B-PP
+such JJ B-NP
+an DT I-NP
+insurer NN I-NP
+, , O
+American NNP B-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+Lincoln NNP B-NP
+, , O
+Neb. NNP B-NP
+, , O
+with IN B-PP
+a DT B-NP
+similar JJ I-NP
+offering NN I-NP
+from IN B-PP
+Equitable NNP B-NP
+Life NNP I-NP
+Assurance NNP I-NP
+Society NNP I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+which WDT B-NP
+operates VBZ B-VP
+through IN B-PP
+11,000 CD B-NP
+commissioned VBN I-NP
+salesmen NNS I-NP
+. . O
+
+After IN B-PP
+one CD B-NP
+year NN I-NP
+I PRP B-NP
+could MD B-VP
+walk VB I-VP
+away RB B-ADVP
+from IN B-PP
+the DT B-NP
+Ameritas NNP I-NP
+policy NN I-NP
+with IN B-PP
+$ $ B-NP
+792 CD I-NP
+, , O
+but CC O
+Id NN B-NP
+get VB B-VP
+only RB B-NP
+$ $ I-NP
+14 CD I-NP
+from IN B-PP
+the DT B-NP
+Equitable NNP I-NP
+. . O
+
+The DT B-NP
+difference NN I-NP
+is VBZ B-VP
+magnified VBN I-VP
+by IN B-PP
+time NN B-NP
+, , O
+too RB B-ADVP
+. . O
+
+At IN B-PP
+age NN B-NP
+65 CD I-NP
+, , O
+when WRB B-ADVP
+I PRP B-NP
+'d MD B-VP
+stop VB I-VP
+paying VBG I-VP
+premiums NNS B-NP
+, , O
+the DT B-NP
+Ameritas NNP I-NP
+offering NN I-NP
+would MD B-VP
+have VB I-VP
+a DT B-NP
+projected VBN I-NP
+cash NN I-NP
+value NN I-NP
+$ $ B-NP
+14,000 CD I-NP
+higher JJR B-ADJP
+than IN B-PP
+the DT B-NP
+other NN I-NP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+the DT B-NP
+Equitable NNP I-NP
+'s POS B-NP
+policy NN I-NP
+illustration NN I-NP
+assumed VBD B-VP
+a DT B-NP
+fractionally RB I-NP
+higher JJR I-NP
+interest NN I-NP
+rate NN I-NP
+. . O
+
+Did VBD O
+I PRP B-NP
+buy VBP B-VP
+it PRP B-NP
+? . O
+
+Well UH B-INTJ
+, , O
+not RB B-ADVP
+yet RB I-ADVP
+. . O
+
+I PRP B-NP
+'m VBP B-VP
+thinking VBG I-VP
+about IN B-PP
+using VBG B-VP
+the DT B-NP
+$ $ I-NP
+871 CD I-NP
+annual JJ I-NP
+premium NN I-NP
+to TO B-VP
+finance VB I-VP
+a DT B-NP
+trip NN I-NP
+to TO B-PP
+Paris NNP B-NP
+first JJ B-ADVP
+. . O
+
+A DT B-NP
+person NN I-NP
+can MD B-VP
+do VB I-VP
+some DT B-NP
+heavy JJ I-NP
+thinking NN I-NP
+about IN B-PP
+insurance NN B-NP
+there EX B-ADVP
+-- : O
+and CC O
+shop NN B-VP
+for IN B-PP
+something NN B-NP
+more RBR B-ADJP
+exciting JJ I-ADJP
+while IN B-SBAR
+she PRP B-NP
+'s VBZ B-VP
+doing VBG I-VP
+it PRP B-NP
+. . O
+
+Rorer NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+will MD B-VP
+report VB I-VP
+that IN B-SBAR
+third-quarter JJ B-NP
+profit NN I-NP
+rose VBD B-VP
+more JJR B-NP
+than IN I-NP
+15 CD I-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+though IN B-SBAR
+the DT B-NP
+gain NN I-NP
+is VBZ B-VP
+wholly RB B-ADJP
+due JJ I-ADJP
+to TO B-PP
+asset NN B-NP
+sales NNS I-NP
+, , O
+Robert NNP B-NP
+Cawthorn NNP I-NP
+, , O
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+said VBD B-VP
+. . O
+
+His PRP$ B-NP
+projection NN I-NP
+indicates VBZ B-VP
+profit NN B-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+17.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+55 NN B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+15.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+48 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Cawthorn NNP I-NP
+said VBD B-VP
+in IN B-PP
+an DT B-NP
+interview NN I-NP
+that IN B-SBAR
+sales NNS B-NP
+will MD B-VP
+show VB I-VP
+an DT B-NP
+increase NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+of IN B-PP
+`` `` O
+somewhat RB B-NP
+less JJR I-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+. . O
+'' '' O
+
+Through IN B-PP
+the DT B-NP
+first JJ I-NP
+six CD I-NP
+months NNS I-NP
+of IN B-PP
+1989 CD B-NP
+, , O
+sales NNS B-NP
+had VBD B-VP
+grown VBN I-VP
+about IN B-NP
+12 CD I-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Growth NN B-NP
+of IN B-PP
+10 CD B-NP
+% NN I-NP
+would MD B-VP
+make VB I-VP
+sales NNS B-NP
+for IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+$ $ B-NP
+269 CD I-NP
+million CD I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+244.6 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Cawthorn NNP I-NP
+said VBD B-VP
+the DT B-NP
+profit NN I-NP
+growth NN I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+was VBD B-VP
+due JJ B-ADJP
+to TO B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+two CD B-NP
+Rorer NNP I-NP
+drugs NNS I-NP
+. . O
+
+Asilone NNP B-NP
+, , O
+an DT B-NP
+antacid NN I-NP
+, , O
+was VBD B-VP
+sold VBN I-VP
+to TO B-PP
+Boots NNP B-NP
+PLC NNP I-NP
+, , O
+London NNP B-NP
+. . O
+
+Thrombinar NNP B-NP
+, , O
+a DT B-NP
+drug NN I-NP
+used VBN B-VP
+to TO B-VP
+stanch VB I-VP
+bleeding VBG B-NP
+, , O
+was VBD B-VP
+sold VBN I-VP
+to TO B-PP
+Jones NNP B-NP
+Medical NNP I-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+, , O
+St. NNP B-NP
+Louis NNP I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+Rorer NNP B-NP
+sold VBD B-VP
+the DT B-NP
+drugs NNS I-NP
+for IN B-PP
+`` `` O
+nice JJ B-NP
+prices NNS I-NP
+'' '' O
+and CC O
+will MD B-VP
+record VB I-VP
+a DT B-NP
+combined VBN I-NP
+, , I-NP
+pretax JJ I-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sales NNS I-NP
+of IN B-PP
+$ $ B-NP
+20 CD I-NP
+million CD I-NP
+. . O
+
+As IN B-SBAR
+the DT B-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+sales NNS I-NP
+indicates VBZ B-VP
+, , O
+operating VBG B-NP
+profit NN I-NP
+was VBD B-VP
+`` `` O
+significantly RB B-ADVP
+'' '' B-PP
+below IN I-PP
+the DT B-NP
+year-earlier JJ I-NP
+level NN I-NP
+, , O
+Mr. NNP B-NP
+Cawthorn NNP I-NP
+said VBD B-VP
+. . O
+
+Rorer NNP B-NP
+in IN B-PP
+July NNP B-NP
+had VBD B-VP
+projected VBN I-VP
+lower JJR B-NP
+third-quarter JJ I-NP
+operating NN I-NP
+profit NN I-NP
+but CC O
+higher JJR B-NP
+profit NN I-NP
+for IN B-PP
+all DT B-NP
+of IN B-PP
+1989 CD B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+is VBZ B-VP
+still RB I-VP
+looking VBG I-VP
+for IN B-PP
+`` `` O
+a DT B-NP
+strong JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+in IN B-PP
+all DT B-NP
+areas NNS I-NP
+-- : O
+sales NNS B-NP
+, , O
+operating VBG B-NP
+income NN I-NP
+and CC O
+net JJ B-NP
+income NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Cawthorn NNP I-NP
+attributed VBD B-VP
+the DT B-NP
+decline NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+operating NN I-NP
+profit NN I-NP
+to TO B-PP
+the DT B-NP
+stronger JJR I-NP
+dollar NN I-NP
+, , O
+which WDT B-NP
+reduces VBZ B-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+overseas JJ B-NP
+profit NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+is VBZ B-VP
+translated VBN I-VP
+into IN B-PP
+dollars NNS B-NP
+; : O
+to TO B-PP
+accelerated VBN B-NP
+buying VBG I-NP
+of IN B-PP
+Rorer NNP B-NP
+products NNS I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+then-pending JJ I-NP
+July NNP I-NP
+1 CD I-NP
+price NN I-NP
+increase NN I-NP
+, , B-PP
+and CC I-PP
+to TO B-PP
+higher JJR B-NP
+marketing NN I-NP
+expenses NNS I-NP
+for IN B-PP
+Rorer NNP B-NP
+'s POS B-NP
+Maalox NNP I-NP
+antacid NN I-NP
+, , O
+whose WP$ B-NP
+sales NNS I-NP
+and CC I-NP
+market NN I-NP
+share NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+had VBD B-VP
+slipped VBN I-VP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+of IN B-PP
+1989 CD B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+Rorer NNP B-NP
+opted VBD B-VP
+to TO I-VP
+sell VB I-VP
+Asilone NNP B-NP
+and CC I-NP
+Thrombinar NNP I-NP
+to TO B-VP
+raise VB I-VP
+revenue NN B-NP
+that WDT B-NP
+would MD B-VP
+`` `` I-VP
+kick VB I-VP
+start NN I-VP
+'' '' O
+its PRP$ B-NP
+increased VBN I-NP
+marketing NN I-NP
+efforts NNS I-NP
+behind IN B-PP
+Maalox NNP B-NP
+, , O
+still RB B-ADVP
+its PRP$ B-NP
+top-selling JJ I-NP
+product NN I-NP
+with IN B-PP
+about RB B-NP
+$ $ I-NP
+215 CD I-NP
+million CD I-NP
+in IN B-PP
+world-wide JJ B-NP
+sales NNS I-NP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+had VBD B-VP
+underfunded VBN I-VP
+Maalox NNP B-NP
+for IN B-PP
+a DT B-NP
+year NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+because IN B-SBAR
+the DT B-NP
+company NN I-NP
+was VBD B-VP
+concentrating VBG I-VP
+on IN B-PP
+research NN B-NP
+and CC I-NP
+development NN I-NP
+and CC O
+promoting VBG B-VP
+other JJ B-NP
+drugs NNS I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+Rorer NNP B-NP
+will MD B-VP
+spend VB I-VP
+$ $ B-NP
+15 CD I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+20 CD I-NP
+million CD I-NP
+more JJR I-NP
+on IN B-PP
+Maalox NNP B-NP
+advertising NN I-NP
+and CC I-NP
+promotion NN I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+half NN I-NP
+of IN B-PP
+1989 CD B-NP
+than IN B-PP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+A DT B-NP
+`` `` I-NP
+big JJ I-NP
+chunk NN I-NP
+'' '' O
+of IN B-PP
+that DT B-NP
+additional JJ I-NP
+spending NN I-NP
+came VBD B-VP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Hoechst NNP B-NP
+AG NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+stop VB I-VP
+producing VBG I-VP
+fertilizer NN B-NP
+in IN B-PP
+1990 CD B-NP
+because IN B-PP
+of IN I-PP
+continued VBN B-NP
+losses NNS I-NP
+and CC O
+a DT B-NP
+bleak JJ I-NP
+outlook NN I-NP
+. . O
+
+The DT B-NP
+West JJ I-NP
+German JJ I-NP
+chemical NN I-NP
+concern NN I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+close VB I-VP
+the DT B-NP
+last JJ I-NP
+remaining VBG I-NP
+fertilizer NN I-NP
+plant NN I-NP
+in IN B-PP
+Oberhausen NNP B-NP
+in IN B-PP
+the DT B-NP
+fall NN I-NP
+of IN B-PP
+next JJ B-NP
+year NN I-NP
+. . O
+
+Hoechst NNP B-NP
+said VBD B-VP
+the DT B-NP
+fertilizer NN I-NP
+market NN I-NP
+faces VBZ B-VP
+overcapacity NN B-NP
+in IN B-PP
+Western NNP B-NP
+Europe NNP I-NP
+, , O
+rising VBG B-NP
+imports NNS I-NP
+from IN B-PP
+East NNP B-NP
+bloc NN I-NP
+countries NNS I-NP
+and CC O
+overseas JJ B-ADVP
+, , O
+and CC O
+declining VBG B-NP
+demand NN I-NP
+. . O
+
+HomeFed NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+main JJ I-NP
+subsidiary NN I-NP
+, , O
+Home NNP B-NP
+Federal NNP I-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+, , O
+converted VBN B-VP
+from IN B-PP
+a DT B-NP
+federal JJ I-NP
+savings NNS I-NP
+and CC I-NP
+loan NN I-NP
+to TO B-PP
+a DT B-NP
+federal JJ I-NP
+savings NNS I-NP
+bank VBP I-NP
+and CC O
+changed VBN B-VP
+its PRP$ B-NP
+name NN I-NP
+to TO B-PP
+HomeFed NNP B-NP
+Bank NNP I-NP
+. . O
+
+The DT B-NP
+federal JJ I-NP
+Office NNP I-NP
+of IN B-PP
+Thrift NNP B-NP
+Supervision NNP I-NP
+approved VBD B-VP
+the DT B-NP
+conversion NN I-NP
+last JJ B-NP
+Friday NNP I-NP
+, , O
+HomeFed NNP B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+change NN I-NP
+in IN B-PP
+charter NN B-NP
+does VBZ B-VP
+n't RB I-VP
+alter VB I-VP
+the DT B-NP
+federal JJ I-NP
+insurance NN I-NP
+of IN B-PP
+deposits NNS B-NP
+, , O
+federal JJ B-NP
+regulatory JJ I-NP
+powers NNS I-NP
+or CC O
+company NN B-NP
+operations NNS I-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+the DT B-NP
+second JJ I-NP
+anniversary NN I-NP
+of IN B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+, , O
+but CC O
+this DT B-NP
+time NN I-NP
+it PRP B-NP
+was VBD B-VP
+different JJ B-ADJP
+. . O
+
+Stocks NNS B-NP
+rallied VBD B-VP
+on IN B-PP
+good JJ B-NP
+earnings NNS I-NP
+reports NNS I-NP
+and CC B-PP
+on IN B-PP
+data NNS B-NP
+that WDT B-NP
+showed VBD B-VP
+less JJR B-NP
+inflation NN I-NP
+than IN B-SBAR
+expected VBN B-VP
+. . O
+
+Blue JJ B-NP
+chips NNS I-NP
+led VBD B-VP
+the DT B-NP
+march NN I-NP
+up IN B-ADVP
+in IN B-PP
+heavy JJ B-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+rose VBD B-VP
+39.55 CD B-NP
+points NNS I-NP
+to TO B-PP
+2683.20 CD B-NP
+. . O
+
+The DT B-NP
+30 CD I-NP
+industrials NNS I-NP
+led VBD B-VP
+the DT B-NP
+market NN I-NP
+higher JJR B-ADVP
+from IN B-PP
+the DT B-NP
+opening NN I-NP
+bell NN I-NP
+as IN B-SBAR
+foreign JJ B-NP
+buyers NNS I-NP
+stepped VBD B-VP
+in RB B-ADVP
+. . O
+
+By IN B-PP
+afternoon NN B-NP
+, , O
+the DT B-NP
+broader JJR I-NP
+market NN I-NP
+joined VBD B-VP
+the DT B-NP
+advance NN I-NP
+in IN B-PP
+full JJ B-NP
+strength NN I-NP
+. . O
+
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+500-stock NNP I-NP
+Index NNP I-NP
+rose VBD B-VP
+5.37 CD B-NP
+to TO B-PP
+347.13 CD B-NP
+and CC O
+the DT B-NP
+Nasdaq NNP I-NP
+composite JJ I-NP
+index NN I-NP
+jumped VBD B-VP
+7.52 CD B-NP
+to TO B-PP
+470.80 CD B-NP
+. . O
+
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+volume NN I-NP
+swelled VBD B-VP
+to TO B-PP
+198,120,000 CD B-NP
+shares NNS I-NP
+. . O
+
+The DT B-NP
+industrials NNS I-NP
+were VBD B-VP
+up IN B-ADVP
+about IN B-NP
+60 CD I-NP
+points NNS I-NP
+in IN B-PP
+the DT B-NP
+afternoon NN I-NP
+, , O
+but CC O
+cautious JJ B-NP
+investors NNS I-NP
+took VBD B-VP
+profits NNS B-NP
+before IN B-PP
+the DT B-NP
+close NN I-NP
+. . O
+
+Traders NNS B-NP
+said VBD B-VP
+a DT B-NP
+variety NN I-NP
+of IN B-PP
+factors NNS B-NP
+triggered VBD B-VP
+the DT B-NP
+rally NN I-NP
+. . O
+
+The DT B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+rose VBD B-VP
+0.2 CD B-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+, , O
+while IN B-SBAR
+many JJ B-NP
+economists NNS I-NP
+were VBD B-VP
+looking VBG I-VP
+for IN B-PP
+a DT B-NP
+0.4 CD I-NP
+% NN I-NP
+increase NN I-NP
+. . O
+
+Stock-index NN B-NP
+arbitrage NN I-NP
+buy NN I-NP
+programs NNS I-NP
+-- : O
+in IN B-PP
+which WDT B-NP
+traders NNS B-NP
+buy VBP B-VP
+stock NN B-NP
+against IN B-PP
+offsetting VBG B-NP
+positions NNS I-NP
+in IN B-PP
+futures NNS B-NP
+to TO B-VP
+lock VB I-VP
+in IN B-PRT
+price NN B-NP
+differences NNS I-NP
+-- : O
+helped VBD B-VP
+the DT B-NP
+rally NN I-NP
+'s POS B-NP
+momentum NN I-NP
+. . O
+
+The DT B-NP
+euphoria NN I-NP
+was VBD B-VP
+such JJ B-ADJP
+that IN B-SBAR
+investors NNS B-NP
+responded VBD B-VP
+to TO B-PP
+good JJ B-NP
+earnings NNS I-NP
+reports NNS I-NP
+of IN B-PP
+companies NNS B-NP
+such JJ B-PP
+as IN I-PP
+American NNP B-NP
+Express NNP I-NP
+, , O
+while IN B-SBAR
+ignoring VBG B-VP
+the DT B-NP
+disappointing JJ I-NP
+profits NNS I-NP
+of IN B-PP
+companies NNS B-NP
+such JJ B-PP
+as IN I-PP
+Caterpillar NNP B-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+. . O
+
+Stock-index NN B-NP
+arbitrage NN I-NP
+trading NN I-NP
+was VBD B-VP
+a DT B-NP
+minor JJ I-NP
+influence NN I-NP
+in IN B-PP
+yesterday NN B-NP
+'s POS B-NP
+rally NN I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Institutional JJ B-NP
+buyers NNS I-NP
+were VBD B-VP
+the DT B-NP
+main JJ I-NP
+force NN I-NP
+pushing VBG B-VP
+blue JJ B-NP
+chips NNS I-NP
+higher JJR B-ADVP
+. . O
+
+To TO B-PP
+the DT B-NP
+amazement NN I-NP
+of IN B-PP
+some DT B-NP
+traders NNS I-NP
+, , O
+takeover NN B-NP
+stocks NNS I-NP
+were VBD B-VP
+climbing VBG I-VP
+again RB B-ADVP
+. . O
+
+Hilton NNP B-NP
+rose VBD B-VP
+2 CD B-NP
+7\/8 CD I-NP
+to TO B-PP
+100 CD B-NP
+, , O
+for IN B-PP
+example NN B-NP
+. . O
+
+Last NNP B-NP
+Friday NNP I-NP
+, , O
+takeover NN B-NP
+traders NNS I-NP
+spilled VBD B-VP
+out IN B-ADVP
+of IN B-PP
+Hilton NNP B-NP
+, , O
+knocking VBG B-VP
+the DT B-NP
+stock NN I-NP
+down RB B-ADVP
+21 CD B-NP
+1\/2 CD I-NP
+to TO B-PP
+85 CD B-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+stocks NNS I-NP
+involved VBN B-VP
+in IN B-PP
+restructurings NNS B-NP
+or CC O
+rumored VBN B-VP
+to TO I-VP
+be VB I-VP
+so RB B-ADVP
+: : O
+Holiday NNP B-NP
+Corp. NNP I-NP
+gained VBD B-VP
+1 CD B-NP
+7\/8 CD I-NP
+to TO B-PP
+73 CD B-NP
+and CC O
+Honeywell NNP B-NP
+rose VBD B-VP
+2 CD B-NP
+7\/8 CD I-NP
+to TO B-PP
+81 CD B-NP
+1\/2 CD I-NP
+. . O
+
+One CD B-NP
+floor NN I-NP
+trader NN I-NP
+noted VBD B-VP
+in IN B-PP
+astonishment NN B-NP
+that DT B-SBAR
+nobody NN B-NP
+seemed VBD B-VP
+to TO I-VP
+mind VB I-VP
+the DT B-NP
+news NN I-NP
+that IN B-SBAR
+British JJ B-NP
+Airways NNPS I-NP
+is VBZ B-VP
+n't RB I-VP
+making VBG I-VP
+a DT B-NP
+special JJ I-NP
+effort NN I-NP
+to TO B-VP
+revive VB I-VP
+the DT B-NP
+UAL NNP I-NP
+buy-out NN I-NP
+. . O
+
+The DT B-NP
+announcement NN I-NP
+of IN B-PP
+the DT B-NP
+buy-out NN I-NP
+'s POS B-NP
+troubles NNS I-NP
+triggered VBD B-VP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+nose NN I-NP
+dive NN I-NP
+a DT B-NP
+week NN I-NP
+ago RB B-ADVP
+. . O
+
+Takeover NN B-NP
+enthusiasm NN I-NP
+may MD B-VP
+have VB I-VP
+been VBN I-VP
+renewed VBN I-VP
+when WRB B-ADVP
+an DT B-NP
+investor NN I-NP
+group NN I-NP
+disclosed VBD B-VP
+yesterday NN B-NP
+that IN B-SBAR
+it PRP B-NP
+had VBD B-VP
+obtained VBN I-VP
+all PDT B-NP
+the DT I-NP
+financing NN I-NP
+required VBN B-VP
+to TO B-VP
+complete VB I-VP
+its PRP$ B-NP
+$ $ I-NP
+1.6 CD I-NP
+billion CD I-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+of IN B-PP
+American NNP B-NP
+Medical NNP I-NP
+International NNP I-NP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+put NN I-VP
+some DT B-NP
+oomph NN I-NP
+back RB B-ADVP
+into IN B-PP
+this DT B-NP
+market NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Peter NNP B-NP
+VandenBerg NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+equity NN B-NP
+trading NN I-NP
+at IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+. . O
+
+But CC O
+some DT B-NP
+traders NNS I-NP
+thought VBD B-VP
+there EX B-NP
+was VBD B-VP
+less JJR B-NP
+to TO B-PP
+the DT B-NP
+rally NN I-NP
+than IN B-SBAR
+met VBN B-VP
+the DT B-NP
+eye NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+no DT B-NP
+strength NN I-NP
+behind IN B-PP
+this DT B-NP
+rally NN I-NP
+, , O
+'' '' O
+asserted VBD B-VP
+Chung NNP B-NP
+Lew NNP I-NP
+, , O
+head NN B-NP
+trader NN I-NP
+at IN B-PP
+Kleinwort NNP B-NP
+Benson NNP I-NP
+North NNP I-NP
+America NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+traders NNS B-NP
+squaring VBG B-VP
+positions NNS B-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+not RB O
+good JJ B-ADJP
+; : O
+the DT B-NP
+market NN I-NP
+is VBZ B-VP
+setting VBG I-VP
+up IN B-PRT
+for IN B-PP
+another DT B-NP
+fall NN I-NP
+. . O
+'' '' O
+
+Indeed RB B-ADVP
+, , O
+many JJ B-NP
+traders NNS I-NP
+said VBD B-VP
+that DT O
+uncertainty NN B-NP
+about IN B-PP
+today NN B-NP
+'s POS B-NP
+monthly JJ I-NP
+expiration NN I-NP
+of IN B-PP
+stocks-index JJ B-NP
+futures NNS I-NP
+and CC I-NP
+options NNS I-NP
+, , O
+and CC O
+options NNS B-NP
+on IN B-PP
+individual JJ B-NP
+stocks NNS I-NP
+, , O
+prompted VBD B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+buying VBG B-NP
+by IN B-PP
+speculative JJ B-NP
+traders NNS I-NP
+who WP B-NP
+were VBD B-VP
+unwinding NN I-VP
+positions NNS B-NP
+that WDT B-NP
+were VBD B-VP
+bets NNS B-NP
+on IN B-PP
+declining VBG B-NP
+stock NN I-NP
+prices NNS I-NP
+. . O
+
+The DT B-NP
+number NN I-NP
+of IN B-PP
+outstanding JJ B-NP
+contracts NNS I-NP
+in IN B-PP
+the DT B-NP
+October NNP I-NP
+Major NNP I-NP
+Market NNP I-NP
+Index NNP I-NP
+jumped VBD B-VP
+from IN B-PP
+5,273 CD B-NP
+on IN B-PP
+Friday NNP B-NP
+to TO B-PP
+9,023 CD B-NP
+on IN B-PP
+Monday NNP B-NP
+. . O
+
+The DT B-NP
+MMI NNP I-NP
+is VBZ B-VP
+a DT B-NP
+20-stock JJ I-NP
+index NN I-NP
+that IN B-NP
+mimics VBZ B-VP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+. . O
+
+Outstanding JJ B-NP
+contracts NNS I-NP
+are VBP B-VP
+those DT B-NP
+that WDT B-NP
+remain VBP B-VP
+to TO I-VP
+be VB I-VP
+liquidated VBN I-VP
+. . O
+
+By IN B-PP
+Wednesday NNP B-NP
+, , O
+the DT B-NP
+outstanding JJ I-NP
+October NNP I-NP
+contracts NNS I-NP
+amounted VBD B-VP
+to TO B-PP
+8,524 CD B-NP
+, , O
+representing VBG B-VP
+about RB B-NP
+$ $ I-NP
+1.13 CD I-NP
+billion CD I-NP
+in IN B-PP
+stock NN B-NP
+, , O
+noted VBD B-VP
+Donald NNP B-NP
+Selkin NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+stock-index NN B-NP
+futures NNS I-NP
+research VBP I-NP
+at IN B-PP
+Prudential-Bache NNP B-NP
+Securities NNP I-NP
+, , O
+who WP B-NP
+expects VBZ B-VP
+a DT B-NP
+volatile JJ I-NP
+expiration NN I-NP
+today NN B-NP
+. . O
+
+`` `` O
+There EX B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+tremendous JJ I-NP
+increase NN I-NP
+'' '' O
+in IN B-PP
+MMI NNP B-NP
+positions NNS I-NP
+, , O
+Mr. NNP B-NP
+Selkin NNP I-NP
+said VBD B-VP
+. . O
+
+Consumer NN B-NP
+stocks NNS I-NP
+once RB B-ADVP
+again RB I-ADVP
+set VBN B-VP
+the DT B-NP
+pace NN I-NP
+for IN B-PP
+blue-chip JJ B-NP
+issues NNS I-NP
+. . O
+
+Philip NNP B-NP
+Morris NNP I-NP
+added VBD B-VP
+1 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+44 CD B-NP
+1\/2 CD I-NP
+in IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+of IN B-PP
+3.7 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+Coca-Cola NNP B-NP
+Co. NNP I-NP
+gained VBD B-VP
+2 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+70 CD B-NP
+3\/8 CD I-NP
+, , O
+Merck NNP B-NP
+gained VBD B-VP
+1 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+77 CD B-NP
+3\/8 CD I-NP
+and CC O
+American NNP B-NP
+Telephone NNP I-NP
+& CC I-NP
+Telegraph NNP I-NP
+advanced VBD B-VP
+7\/8 CD B-NP
+to TO B-PP
+43 CD B-NP
+3\/8 CD I-NP
+on IN B-PP
+2.5 CD B-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+American NNP B-NP
+Medical NNP I-NP
+jumped VBD B-VP
+1 CD B-NP
+7\/8 CD I-NP
+to TO B-PP
+23 CD B-NP
+5\/8 CD I-NP
+. . O
+
+IMA NNP B-NP
+Acquisition NNP I-NP
+, , O
+an DT B-NP
+investor NN I-NP
+group NN I-NP
+that WDT B-NP
+includes VBZ B-VP
+First NNP B-NP
+Boston NNP I-NP
+and CC O
+the DT B-NP
+Pritzker NNP I-NP
+family NN I-NP
+of IN B-PP
+Chicago NNP B-NP
+, , O
+said VBD B-VP
+Chemical NNP B-NP
+Bank NNP I-NP
+had VBD B-VP
+made VBN I-VP
+arrangements NNS B-NP
+for IN B-SBAR
+23 CD B-NP
+other JJ I-NP
+banks NNS I-NP
+to TO B-VP
+provide VB I-VP
+$ $ B-NP
+509 CD I-NP
+million CD I-NP
+in IN B-PP
+bank NN B-NP
+financing NN I-NP
+for IN B-PP
+the DT B-NP
+buy-out NN I-NP
+offer NN I-NP
+. . O
+
+Chemical NNP B-NP
+and CC O
+six CD B-NP
+other JJ I-NP
+banks NNS I-NP
+, , O
+along IN B-PP
+with IN B-PP
+First NNP B-NP
+Boston NNP I-NP
+, , O
+are VBP B-VP
+providing VBG I-VP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+$ $ I-NP
+1.6 CD I-NP
+billion CD I-NP
+. . O
+
+Elsewhere RB B-ADVP
+on IN B-PP
+the DT B-NP
+takeover NN I-NP
+front NN I-NP
+, , O
+Time NNP B-NP
+Warner NNP I-NP
+advanced VBD B-VP
+2 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+136 CD B-NP
+5\/8 CD I-NP
+and CC O
+Warner NNP B-NP
+Communications NNP I-NP
+tacked VBD B-VP
+on IN B-PRT
+7\/8 CD B-NP
+to TO B-PP
+63 CD B-NP
+7\/8 CD I-NP
+. . O
+
+The DT B-NP
+Delaware NNP I-NP
+Supreme NNP I-NP
+Court NNP I-NP
+affirmed VBD B-VP
+a DT B-NP
+ruling NN I-NP
+that WDT B-NP
+barred VBD B-VP
+Chris-Craft NNP B-NP
+Industries NNPS I-NP
+from IN B-PP
+voting VBG B-VP
+its PRP$ B-NP
+Warner NNP I-NP
+preferred JJ I-NP
+stock NN I-NP
+as IN B-PP
+a DT B-NP
+separate JJ I-NP
+class NN I-NP
+in IN B-PP
+deciding VBG B-VP
+on IN B-PP
+the DT B-NP
+companies NNS I-NP
+' POS B-NP
+proposed VBN I-NP
+merger NN I-NP
+. . O
+
+Paramount NNP B-NP
+Communications NNPS I-NP
+climbed VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+58 CD B-NP
+1\/2 CD I-NP
+and CC O
+MCA NNP B-NP
+rose VBD B-VP
+1 CD B-NP
+1\/2 CD I-NP
+to TO B-PP
+64 CD B-NP
+; : O
+both DT B-NP
+media NNS I-NP
+companies NNS I-NP
+have VBP B-VP
+long RB I-VP
+been VBN I-VP
+mentioned VBN I-VP
+as IN B-PP
+potential JJ B-NP
+acquisition NN I-NP
+candidates NNS I-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+actual JJ I-NP
+and CC I-NP
+rumored VBN I-NP
+targets NNS I-NP
+, , O
+Woolworth NNP B-NP
+rose VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+60 CD B-NP
+1\/2 CD I-NP
+, , O
+Upjohn NNP B-NP
+went VBD B-VP
+up IN B-ADVP
+1 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+39 CD B-NP
+3\/4 CD I-NP
+, , O
+Armstrong NNP B-NP
+World NNP I-NP
+Industries NNPS I-NP
+gained VBD B-VP
+1 CD B-NP
+to TO B-PP
+40 CD B-NP
+1\/8 CD I-NP
+and CC O
+Kollmorgen NNP B-NP
+rose VBD B-VP
+3\/4 CD B-NP
+to TO B-PP
+13 CD B-NP
+7\/8 CD I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+: : O
+-- : O
+Soo NNP B-NP
+Line NNP I-NP
+jumped VBD B-VP
+2 CD B-NP
+3\/4 CD I-NP
+to TO B-PP
+20 CD B-NP
+1\/4 CD I-NP
+, , O
+above IN B-PP
+the DT B-NP
+$ $ I-NP
+19.50 CD I-NP
+a DT B-NP
+share NN I-NP
+that IN B-NP
+Canadian NNP B-NP
+Pacific NNP I-NP
+offered VBD B-VP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+in IN B-PP
+a DT B-NP
+takeover NN I-NP
+proposal NN I-NP
+. . O
+
+-- : O
+Xtra NNP B-NP
+gained VBD B-VP
+1 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+27 CD B-NP
+1\/8 CD I-NP
+. . O
+
+Investor NNP B-NP
+Robert NNP I-NP
+M. NNP I-NP
+Gintel NNP I-NP
+, , O
+who WP B-NP
+owns VBZ B-VP
+a DT B-NP
+4.7 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+plans VBZ B-VP
+a DT B-NP
+proxy NN I-NP
+fight NN I-NP
+for IN B-PP
+control NN B-NP
+of IN B-PP
+its PRP$ B-NP
+board NN I-NP
+. . O
+
+-- : O
+Golden NNP B-NP
+Nugget NNP I-NP
+rose VBD B-VP
+2 CD B-NP
+to TO B-PP
+28 CD B-NP
+1\/4 CD I-NP
+. . O
+
+Its PRP$ B-NP
+board NN I-NP
+approved VBD B-VP
+the DT B-NP
+repurchase NN I-NP
+of IN B-PP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+three CD I-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+, , O
+or CC O
+about IN B-NP
+17 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+Buying VBG B-NP
+interest NN I-NP
+also RB B-ADVP
+resurfaced VBD B-VP
+in IN B-PP
+the DT B-NP
+technology NN I-NP
+sector NN I-NP
+, , O
+including VBG B-PP
+International NNP B-NP
+Business NNP I-NP
+Machines NNPS I-NP
+, , O
+whose WP$ B-NP
+board NN I-NP
+approved VBD B-VP
+a DT B-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+increase NN I-NP
+in IN B-PP
+its PRP$ B-NP
+stock NN I-NP
+buy-back NN I-NP
+program NN I-NP
+. . O
+
+IBM NNP B-NP
+rose VBD B-VP
+2 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+104 CD B-NP
+1\/8 CD I-NP
+as IN B-SBAR
+2.2 CD B-NP
+million CD I-NP
+shares NNS I-NP
+changed VBD B-VP
+hands NNS B-NP
+. . O
+
+Compaq NNP B-NP
+Computer NNP I-NP
+soared VBD B-VP
+4 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+111 CD B-NP
+1\/8 CD I-NP
+on IN B-PP
+1.8 CD B-NP
+million CD I-NP
+shares NNS I-NP
+in IN B-PP
+response NN B-NP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+announcement NN I-NP
+of IN B-PP
+plans NNS B-NP
+to TO B-VP
+introduce VB I-VP
+several JJ B-NP
+products NNS I-NP
+next JJ B-NP
+month NN I-NP
+. . O
+
+Digital NNP B-NP
+Equipment NNP I-NP
+gained VBD B-VP
+1 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+89 CD B-NP
+3\/4 CD I-NP
+despite IN B-PP
+reporting VBG B-VP
+earnings NNS B-NP
+for IN B-PP
+the DT B-NP
+September NNP I-NP
+quarter NN I-NP
+that WDT B-NP
+were VBD B-VP
+on IN B-PP
+the DT B-NP
+low JJ I-NP
+end NN I-NP
+of IN B-PP
+expectations NNS B-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+technology NN I-NP
+issues NNS I-NP
+, , O
+Cray NNP B-NP
+Research NNP I-NP
+rose VBD B-VP
+1 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+37 CD B-NP
+, , O
+Hewlett-Packard NNP B-NP
+added VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+50 CD B-NP
+1\/4 CD I-NP
+, , O
+Tandem NNP B-NP
+Computers NNPS I-NP
+rallied VBD B-VP
+1 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+25 CD B-NP
+3\/4 CD I-NP
+, , O
+Data NNP B-NP
+General NNP I-NP
+rose VBD B-VP
+3\/4 CD B-NP
+to TO B-PP
+14 CD B-NP
+1\/2 CD I-NP
+and CC O
+Motorola NNP B-NP
+gained VBD B-VP
+2 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+59 CD B-NP
+1\/4 CD I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+Symbol NNP B-NP
+Technologies NNP I-NP
+dropped VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+18 CD B-NP
+1\/2 CD I-NP
+after IN B-SBAR
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+lowered VBD B-VP
+its PRP$ B-NP
+short-term JJ I-NP
+investment NN I-NP
+rating NN I-NP
+on IN B-PP
+the DT B-NP
+stock NN I-NP
+and CC O
+its PRP$ B-NP
+1989 CD I-NP
+earnings NNS I-NP
+estimate NN I-NP
+, , O
+and CC O
+Commodore NNP B-NP
+International NNP I-NP
+fell VBD B-VP
+7\/8 CD B-NP
+to TO B-PP
+8 CD B-NP
+after IN B-SBAR
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+post VB I-VP
+a DT B-NP
+loss NN I-NP
+for IN B-PP
+the DT B-NP
+September NNP I-NP
+quarter NN I-NP
+. . O
+
+Insurance NN B-NP
+stocks NNS I-NP
+continued VBD B-VP
+to TO I-VP
+climb VB I-VP
+on IN B-PP
+expectations NNS B-NP
+that IN B-SBAR
+premium NN B-NP
+rates NNS I-NP
+will MD B-VP
+rise VB I-VP
+in IN B-PP
+the DT B-NP
+aftermath NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+. . O
+
+American NNP B-NP
+International NNP I-NP
+Group NNP I-NP
+climbed VBD B-VP
+4 CD B-NP
+to TO B-PP
+106 CD B-NP
+5\/8 CD I-NP
+, , O
+General NNP B-NP
+Re NNP I-NP
+rose VBD B-VP
+3 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+89 CD B-NP
+5\/8 CD I-NP
+, , O
+Kemper NNP B-NP
+added VBD B-VP
+2 CD B-NP
+1\/2 CD I-NP
+to TO B-PP
+48 CD B-NP
+, , O
+AON NNP B-NP
+went VBD B-VP
+up IN B-ADVP
+1 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+36 CD B-NP
+and CC O
+Chubb NNP B-NP
+rose VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+82 CD B-NP
+1\/4 CD I-NP
+. . O
+
+Stocks NNS B-NP
+of IN B-PP
+major JJ B-NP
+toy NN I-NP
+makers NNS I-NP
+rallied VBD B-VP
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+strong JJ B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+reports NNS I-NP
+. . O
+
+Mattel NNP B-NP
+added VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+19 CD B-NP
+5\/8 CD I-NP
+, , O
+Tonka NNP B-NP
+firmed VBD B-VP
+1 CD B-NP
+to TO B-PP
+18 CD B-NP
+1\/2 CD I-NP
+and CC O
+Lewis NNP B-NP
+Galoob NNP I-NP
+Toys NNPS I-NP
+rose VBD B-VP
+7\/8 CD B-NP
+to TO B-PP
+13 CD B-NP
+5\/8 CD I-NP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+, , O
+while IN B-SBAR
+Hasbro NNP B-NP
+gained VBD B-VP
+1 CD B-NP
+to TO B-PP
+21 CD B-NP
+7\/8 CD I-NP
+on IN B-PP
+the DT B-NP
+American NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+Capital NNP B-NP
+Cities-ABC NNP I-NP
+surged VBD B-VP
+42 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+560 CD B-NP
+. . O
+
+Kidder NNP B-NP
+Peabody NNP I-NP
+raised VBD B-VP
+its PRP$ B-NP
+investment NN I-NP
+rating NN I-NP
+on IN B-PP
+the DT B-NP
+stock NN I-NP
+and CC O
+its PRP$ B-NP
+earnings NNS I-NP
+estimates NNS I-NP
+for IN B-PP
+1989 CD B-NP
+and CC I-NP
+1990 CD I-NP
+, , O
+based VBN B-PP
+on IN B-PP
+optimism NN B-NP
+that IN B-SBAR
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+ABC NNP I-NP
+television NN I-NP
+network NN I-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+fare VB I-VP
+well RB B-ADVP
+in IN B-PP
+the DT B-NP
+ratings NNS I-NP
+. . O
+
+Dun NNP B-NP
+& CC I-NP
+Bradstreet NNP I-NP
+lost VBD B-VP
+1 CD B-NP
+7\/8 CD I-NP
+to TO B-PP
+51 CD B-NP
+7\/8 CD I-NP
+on IN B-PP
+1.8 CD B-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+Merrill NNP B-NP
+Lynch NNP I-NP
+lowered VBD B-VP
+its PRP$ B-NP
+short-term JJ I-NP
+rating NN I-NP
+on IN B-PP
+the DT B-NP
+stock NN I-NP
+and CC O
+its PRP$ B-NP
+estimate NN I-NP
+of IN B-PP
+1990 CD B-NP
+earnings NNS I-NP
+, , O
+citing VBG B-VP
+a DT B-NP
+sales NNS I-NP
+slowdown NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+credit-rating JJ I-NP
+business NN I-NP
+. . O
+
+Pinnacle NNP B-NP
+West NNP I-NP
+Capital NNP I-NP
+, , O
+which WDT B-NP
+suspended VBD B-VP
+its PRP$ B-NP
+common-stock JJ I-NP
+dividend NN I-NP
+indefinitely RB B-ADVP
+and CC O
+reported VBD B-VP
+a DT B-NP
+91 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+earnings NNS I-NP
+, , O
+fell VBD B-VP
+5\/8 CD B-NP
+to TO B-PP
+11 CD B-NP
+3\/8 CD I-NP
+. . O
+
+The DT B-NP
+Amex NNP I-NP
+Market NNP I-NP
+Value NNP I-NP
+Index NNP I-NP
+recorded VBD B-VP
+its PRP$ B-NP
+sharpest JJS I-NP
+gain NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+by IN B-PP
+climbing VBG B-VP
+4.74 CD B-NP
+to TO B-PP
+382.81 CD B-NP
+. . O
+
+Volume NN B-NP
+totaled VBD B-VP
+14,580,000 CD B-NP
+shares NNS I-NP
+. . O
+
+B.A.T NNP B-NP
+Industries NNPS I-NP
+, , O
+the DT B-NP
+most RBS I-NP
+active JJ I-NP
+Amex NNP I-NP
+issue NN I-NP
+, , O
+rose VBD B-VP
+3\/8 CD B-NP
+to TO B-PP
+12 CD B-NP
+3\/8 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+received VBD B-VP
+shareholder NN B-NP
+approval NN I-NP
+for IN B-PP
+its PRP$ B-NP
+restructuring NN I-NP
+plan NN I-NP
+, , O
+designed VBN B-VP
+to TO I-VP
+fend VB I-VP
+off IN B-PRT
+a DT B-NP
+hostile JJ I-NP
+takeover NN I-NP
+bid NN I-NP
+from IN B-PP
+a DT B-NP
+group NN I-NP
+headed VBN B-VP
+by IN B-PP
+financier NN B-NP
+Sir NNP I-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+. . O
+
+Chambers NNP B-NP
+Development NNP I-NP
+Class NNP I-NP
+A DT I-NP
+jumped VBD B-VP
+3 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+37 CD B-NP
+1\/8 CD I-NP
+and CC O
+Class NNP B-NP
+B NNP I-NP
+rose VBD B-VP
+2 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+37 CD B-NP
+1\/4 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+six CD B-NP
+officers NNS I-NP
+are VBP B-VP
+buying VBG I-VP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+of IN B-PP
+its PRP$ B-NP
+stock NN I-NP
+. . O
+
+TRC NNP B-NP
+Cos. NNP I-NP
+, , O
+the DT B-NP
+target NN I-NP
+of IN B-PP
+an DT B-NP
+investigation NN I-NP
+by IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+inspector NN I-NP
+general JJ I-NP
+, , O
+dropped VBD B-VP
+2 CD B-NP
+to TO B-PP
+10 CD B-NP
+3\/4 CD I-NP
+. . O
+
+The DT B-NP
+probe NN I-NP
+involves VBZ B-VP
+testing NN B-NP
+procedures NNS I-NP
+used VBN B-VP
+on IN B-PP
+certain JJ B-NP
+government NN I-NP
+contracts NNS I-NP
+by IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+Metatrace NNP I-NP
+unit NN I-NP
+. . O
+
+Avondale NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+, , O
+New NNP B-NP
+Orleans NNP I-NP
+, , O
+received VBD B-VP
+a DT B-NP
+$ $ I-NP
+23 CD I-NP
+million CD I-NP
+contract NN I-NP
+from IN B-PP
+the DT B-NP
+Navy NNP I-NP
+to TO B-VP
+enlarge VB I-VP
+by IN B-PP
+50 CD B-NP
+% NN I-NP
+the DT B-NP
+capacity NN I-NP
+of IN B-PP
+an DT B-NP
+auxiliary JJ I-NP
+oiler NN I-NP
+. . O
+
+The DT B-NP
+award NN I-NP
+results NNS B-VP
+from IN B-PP
+the DT B-NP
+Navy NNP I-NP
+'s POS B-NP
+exercising VBG I-NP
+of IN B-PP
+an DT B-NP
+option NN I-NP
+in IN B-PP
+an DT B-NP
+earlier JJR I-NP
+contract NN I-NP
+it PRP B-NP
+awarded VBD B-VP
+Avondale NNP B-NP
+. . O
+
+Richard NNP B-NP
+J. NNP I-NP
+Pinola NNP I-NP
+was VBD B-VP
+elected VBN I-VP
+to TO B-PP
+the DT B-NP
+board NN I-NP
+of IN B-PP
+this DT B-NP
+personnel NNS I-NP
+consulting NN I-NP
+concern NN I-NP
+, , O
+increasing VBG B-VP
+its PRP$ B-NP
+size NN I-NP
+to TO B-PP
+nine CD B-NP
+members NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Pinola NNP I-NP
+is VBZ B-VP
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+of IN B-PP
+Penn NNP B-NP
+Mutual NNP I-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+rejected VBD B-VP
+a DT B-NP
+constitutional JJ I-NP
+amendment NN I-NP
+that IN B-NP
+President NNP B-NP
+Bush NNP I-NP
+sought VBD B-VP
+to TO B-VP
+protect VB I-VP
+the DT B-NP
+U.S. NNP I-NP
+flag NN I-NP
+from IN B-PP
+desecration NN B-NP
+. . O
+
+The DT B-NP
+51-48 JJ I-NP
+roll NN I-NP
+call NN I-NP
+fell VBD B-VP
+well JJ B-ADJP
+short NN I-ADJP
+of IN B-PP
+the DT B-NP
+two-thirds NNS I-NP
+majority NN I-NP
+needed VBN B-VP
+to TO B-VP
+approve VB I-VP
+changes NNS B-NP
+to TO B-PP
+the DT B-NP
+Constitution NNP I-NP
+. . O
+
+The DT B-NP
+vote NN I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+11 CD B-NP
+GOP NNP I-NP
+lawmakers NNS I-NP
+voted VBD B-VP
+against IN B-PP
+Mr. NNP B-NP
+Bush NNP I-NP
+'s POS B-NP
+position NN I-NP
+, , O
+was VBD B-VP
+a DT B-NP
+victory NN I-NP
+for IN B-PP
+Democratic JJ B-NP
+leaders NNS I-NP
+, , O
+who WP B-NP
+opposed VBD B-VP
+the DT B-NP
+amendment NN I-NP
+as IN B-PP
+an DT B-NP
+intrusion NN I-NP
+on IN B-PP
+the DT B-NP
+Bill NNP I-NP
+of IN B-PP
+Rights NNP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+can MD B-VP
+support VB I-VP
+the DT B-NP
+American JJ I-NP
+flag NN I-NP
+without IN B-PP
+changing VBG B-VP
+the DT B-NP
+American NNP I-NP
+Constitution NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+Senate NNP B-NP
+Majority NNP I-NP
+Leader NNP I-NP
+George NNP I-NP
+Mitchell NNP I-NP
+of IN B-PP
+Maine NNP B-NP
+. . O
+
+In IN B-SBAR
+order NN O
+to TO B-VP
+defuse VB I-VP
+pressure NN B-NP
+for IN B-PP
+an DT B-NP
+amendment NN I-NP
+, , O
+Mr. NNP B-NP
+Mitchell NNP I-NP
+and CC O
+House NNP B-NP
+Speaker NNP I-NP
+Thomas NNP I-NP
+Foley NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Wash NNP B-NP
+. . O
+-RRB- ) O
+had VBD B-VP
+arranged VBN I-VP
+for IN B-SBAR
+lawmakers NNS B-NP
+to TO B-VP
+pass VB I-VP
+a DT B-NP
+statute NN I-NP
+barring VBG B-VP
+flag NN B-NP
+desecration NN I-NP
+before IN B-PP
+voting NN B-VP
+on IN B-PP
+the DT B-NP
+constitutional JJ I-NP
+change NN I-NP
+. . O
+
+Mr. NNP B-NP
+Bush NNP I-NP
+said VBD B-VP
+he PRP B-NP
+would MD B-VP
+allow VB I-VP
+the DT B-NP
+bill NN I-NP
+to TO B-VP
+become VB I-VP
+law NN B-NP
+without IN B-PP
+his PRP$ B-NP
+signature NN I-NP
+, , O
+because IN B-SBAR
+he PRP B-NP
+said VBD B-VP
+only RB B-NP
+a DT I-NP
+constitutional JJ I-NP
+amendment NN I-NP
+can MD B-VP
+protect VB I-VP
+the DT B-NP
+flag NN I-NP
+adequately RB B-ADVP
+. . O
+
+In IN B-PP
+June NNP B-NP
+, , O
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+threw VBD B-VP
+out RP B-PRT
+the IN B-NP
+conviction NN I-NP
+of IN B-PP
+a DT B-NP
+Texas NNP I-NP
+man NN I-NP
+who WP B-NP
+set VBD B-VP
+a DT B-NP
+flag NN I-NP
+afire RB B-ADVP
+during IN B-PP
+a DT B-NP
+1984 CD I-NP
+demonstration NN I-NP
+, , O
+saying VBG B-VP
+he PRP B-NP
+was VBD B-VP
+`` `` O
+engaging VBG B-VP
+in IN B-PP
+political JJ B-NP
+expression NN I-NP
+'' '' O
+that WDT B-NP
+is VBZ B-VP
+protected VBN I-VP
+by IN B-PP
+the DT B-NP
+First NNP I-NP
+Amendment NNP I-NP
+. . O
+
+If IN B-SBAR
+you PRP B-NP
+think VBP B-VP
+you PRP B-NP
+have VBP B-VP
+stress-related JJ B-NP
+problems NNS I-NP
+on IN B-PP
+the DT B-NP
+job NN I-NP
+, , O
+there EX B-NP
+'s VBZ B-VP
+good JJ B-NP
+news NN I-NP
+and CC O
+bad JJ B-NP
+news NN I-NP
+. . O
+
+You PRP B-NP
+'re VBP B-VP
+probably RB B-ADVP
+right NN B-ADJP
+, , O
+and CC O
+you PRP B-NP
+are VBP B-VP
+n't RB O
+alone RB B-ADJP
+. . O
+
+A DT B-NP
+new JJ I-NP
+Gallup NNP I-NP
+Poll NNP I-NP
+study NN I-NP
+commissioned VBN B-VP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Business NNP I-NP
+Group NNP I-NP
+on IN B-PP
+Health NNP B-NP
+, , O
+found VBD B-VP
+that IN B-SBAR
+a DT B-NP
+full JJ I-NP
+25 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+work NN I-NP
+force NN I-NP
+at IN B-PP
+companies NNS B-NP
+may MD B-VP
+suffer VB I-VP
+from IN B-PP
+anxiety NN B-NP
+disorders NNS I-NP
+or CC O
+a DT B-NP
+stress-related JJ I-NP
+illness NN I-NP
+, , O
+with IN B-PP
+about IN B-NP
+13 CD I-NP
+% NN I-NP
+suffering VBG B-VP
+from IN B-PP
+depression NN B-NP
+. . O
+
+The DT B-NP
+study NN I-NP
+surveyed VBD B-VP
+a DT B-NP
+national JJ I-NP
+group NN I-NP
+of IN B-PP
+medical JJ B-NP
+directors NNS I-NP
+, , O
+personnel NNS B-NP
+managers NNS I-NP
+and CC O
+employee NN B-NP
+assistance NN I-NP
+program NN I-NP
+directors NNS I-NP
+about IN B-PP
+their PRP$ B-NP
+perceptions NNS I-NP
+of IN B-PP
+these DT B-NP
+problems NNS I-NP
+in IN B-PP
+their PRP$ B-NP
+companies NNS I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+studies NNS B-NP
+on IN B-PP
+health NN B-NP
+commissioned VBN B-VP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Business NNP I-NP
+Group NNP I-NP
+, , O
+a DT B-NP
+non-profit JJ I-NP
+organization NN I-NP
+with IN B-PP
+about IN B-NP
+300 CD I-NP
+members NNS I-NP
+. . O
+
+The DT B-NP
+stress NN I-NP
+study NN I-NP
+was VBD B-VP
+undertaken VBN I-VP
+because IN B-SBAR
+problems NNS B-NP
+related VBN B-ADJP
+to TO B-PP
+stress VB B-NP
+`` `` O
+are VBP B-VP
+much RB B-ADJP
+more RBR I-ADJP
+prevalent JJ I-ADJP
+than IN B-SBAR
+they PRP B-NP
+seem VBP B-VP
+, , O
+'' '' O
+said VBD B-VP
+Leon NNP B-NP
+J. NNP I-NP
+Warshaw NNP I-NP
+, , O
+executive JJ B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+business NN I-NP
+group NN I-NP
+. . O
+
+In IN B-PP
+presenting VBG B-VP
+the DT B-NP
+study NN I-NP
+late JJ B-NP
+last JJ I-NP
+week NN I-NP
+, , O
+Dr. NNP B-NP
+Warshaw NNP I-NP
+estimated VBD B-VP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+these DT B-NP
+types NNS I-NP
+of IN B-PP
+disorders NNS B-NP
+to TO B-PP
+business NN B-NP
+is VBZ B-VP
+substantial JJ B-ADJP
+. . O
+
+Occupational JJ B-NP
+disability NN I-NP
+related VBN B-ADJP
+to TO B-PP
+anxiety NN B-NP
+, , I-NP
+depression NN I-NP
+and CC I-NP
+stress NN I-NP
+costs NNS B-VP
+about RB B-NP
+$ $ I-NP
+8,000 CD I-NP
+a DT B-NP
+case NN I-NP
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+worker NN B-NP
+'s POS B-NP
+compensation NN I-NP
+. . O
+
+In IN B-PP
+terms NNS B-NP
+of IN B-PP
+days NNS B-NP
+lost VBD B-VP
+on IN B-PP
+the DT B-NP
+job NN I-NP
+, , O
+the DT B-NP
+study NN I-NP
+estimated VBN B-VP
+that IN B-SBAR
+each DT B-NP
+affected VBN I-NP
+employee NN I-NP
+loses VBZ B-VP
+about IN B-NP
+16 CD I-NP
+work NN I-NP
+days NNS I-NP
+a DT B-NP
+year NN I-NP
+because IN B-PP
+of IN I-PP
+stress NN B-NP
+, , I-NP
+anxiety NN I-NP
+or CC I-NP
+depression NN I-NP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+the DT B-NP
+cost NN I-NP
+for IN B-PP
+stress-related JJ B-NP
+compensation NN I-NP
+claims NNS I-NP
+is VBZ B-VP
+about IN B-NP
+twice RB I-NP
+the DT I-NP
+average NN I-NP
+for IN B-PP
+all DT B-NP
+injury NN I-NP
+claims NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+hope VBP B-VP
+to TO I-VP
+sensitize VB I-VP
+employers NNS B-NP
+'' '' O
+to TO B-VP
+recognize VB I-VP
+the DT B-NP
+problems NNS I-NP
+so IN B-SBAR
+they PRP B-NP
+can MD B-VP
+do VB I-VP
+something NN B-NP
+about IN B-PP
+them PRP B-NP
+, , O
+Dr. NNP B-NP
+Warshaw NNP I-NP
+said VBD B-VP
+. . O
+
+Early JJ B-NP
+intervention NN I-NP
+into IN B-PP
+these DT B-NP
+types NNS I-NP
+of IN B-PP
+problems NNS B-NP
+can MD B-VP
+apparently RB I-VP
+save VB I-VP
+businesses NNS B-NP
+long-term JJ B-NP
+expense NN I-NP
+associated VBN B-VP
+with IN B-PP
+hospitalization NN B-NP
+, , O
+which WDT B-NP
+sometimes RB B-ADVP
+results VBZ B-VP
+when WRB B-ADVP
+these DT B-NP
+problems NNS I-NP
+go VBP B-VP
+untreated JJ B-ADJP
+for IN B-PP
+too RB B-NP
+long JJ I-NP
+. . O
+
+Even RB B-NP
+the DT I-NP
+courts NNS I-NP
+are VBP B-VP
+beginning VBG I-VP
+to TO I-VP
+recognize VB I-VP
+the DT B-NP
+link NN I-NP
+between IN B-PP
+jobs NNS B-NP
+and CC O
+stress-related JJ B-NP
+disorders NNS I-NP
+in IN B-PP
+compensation NN B-NP
+cases NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+survey NN I-NP
+by IN B-PP
+the DT B-NP
+National NNP I-NP
+Council NNP I-NP
+on IN B-PP
+Compensation NNP B-NP
+Insurance NNP I-NP
+. . O
+
+But CC O
+although IN B-SBAR
+56 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+respondents NNS I-NP
+in IN B-PP
+the DT B-NP
+study NN I-NP
+indicated VBD B-VP
+that IN B-SBAR
+mental-health JJ B-NP
+problems NNS I-NP
+were VBD B-VP
+fairly RB B-ADJP
+pervasive JJ I-ADJP
+in IN B-PP
+the DT B-NP
+workplace NN I-NP
+, , O
+there EX B-NP
+is VBZ B-VP
+still RB B-ADVP
+a DT B-NP
+social JJ I-NP
+stigma NN I-NP
+associated VBN B-VP
+with IN B-PP
+people NNS B-NP
+seeking VBG B-VP
+help VB B-NP
+. . O
+
+The DT B-NP
+disorders NNS I-NP
+, , O
+which WDT B-NP
+20 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+struck VBD B-VP
+middle-age JJ B-NP
+and CC I-NP
+older JJR I-NP
+people NNS I-NP
+, , O
+`` `` O
+now JJ B-ADVP
+strike NN B-VP
+people NNS B-NP
+at IN B-PP
+the DT B-NP
+height NN I-NP
+of IN B-PP
+productivity NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Robert NNP B-NP
+M.A. NNP I-NP
+Hirschfeld NNP I-NP
+, , O
+of IN B-PP
+the DT B-NP
+National NNP I-NP
+Institute NNP I-NP
+of IN B-PP
+Mental NNP B-NP
+Health NNP I-NP
+, , O
+who WP B-NP
+spoke VBD B-VP
+at IN B-PP
+the DT B-NP
+presentation NN I-NP
+of IN B-PP
+the DT B-NP
+study NN I-NP
+'s POS B-NP
+findings NNS I-NP
+. . O
+
+The DT B-NP
+poll NN I-NP
+showed VBD B-VP
+that DT B-SBAR
+company NN B-NP
+size NN I-NP
+had VBD B-VP
+a DT B-NP
+bearing NN I-NP
+on IN B-PP
+a DT B-NP
+manager NN I-NP
+'s POS B-NP
+view NN I-NP
+of IN B-PP
+the DT B-NP
+problem NN I-NP
+, , O
+with IN B-PP
+65 CD B-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+in NN B-PP
+companies NNS B-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+15,000 CD I-NP
+employees NNS I-NP
+saying VBG B-VP
+stress-related JJ B-NP
+problems NNS I-NP
+were VBD B-VP
+`` `` O
+fairly RB B-ADJP
+pervasive JJ I-ADJP
+'' '' O
+and CC O
+55 NN B-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+in NN B-PP
+companies NNS B-NP
+with IN B-PP
+fewer JJR B-NP
+than IN I-NP
+4,000 CD I-NP
+employees NNS I-NP
+agreeing VBG B-VP
+. . O
+
+The DT B-NP
+poll NN I-NP
+also RB B-ADVP
+noted VBD B-VP
+fear NN B-NP
+of IN B-PP
+a DT B-NP
+takeover NN I-NP
+as IN B-PP
+a DT B-NP
+stress-producing JJ I-NP
+event NN I-NP
+in IN B-PP
+larger JJR B-NP
+companies NNS I-NP
+. . O
+
+More RBR B-NP
+than IN I-NP
+eight CD I-NP
+in IN I-NP
+10 CD I-NP
+respondents NNS I-NP
+reported VBD B-VP
+such JJ B-NP
+a DT I-NP
+stress-provoking JJ I-NP
+situation NN I-NP
+in IN B-PP
+their PRP$ B-NP
+company NN I-NP
+. . O
+
+Mid-sized JJ B-NP
+companies NNS I-NP
+were VBD B-VP
+most RBS I-VP
+affected VBN I-VP
+by IN B-PP
+talk NN B-NP
+of IN B-PP
+layoffs NNS B-NP
+or CC O
+plant NN B-NP
+closings NNS I-NP
+. . O
+
+The DT B-NP
+study NN I-NP
+, , O
+which WDT B-NP
+received VBD B-VP
+funding NN B-NP
+from IN B-PP
+Upjohn NNP B-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+makes VBZ B-VP
+several JJ B-NP
+drugs NNS I-NP
+to TO B-VP
+treat VB I-VP
+stress-related JJ B-NP
+illnesses NNS I-NP
+, , O
+also RB B-ADVP
+found VBD B-VP
+47 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+managers NNS I-NP
+said VBD B-VP
+stress NN B-NP
+, , I-NP
+anxiety NN I-NP
+and CC I-NP
+depression NN I-NP
+contribute VB B-VP
+to TO B-PP
+decreased VBD B-NP
+production NN I-NP
+. . O
+
+Alcohol NN B-NP
+and CC I-NP
+substance NN I-NP
+abuse NN I-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+stress-related JJ B-NP
+problems NNS I-NP
+was VBD B-VP
+cited VBN I-VP
+by IN B-PP
+30 CD B-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+polled VBN B-VP
+. . O
+
+Although IN B-SBAR
+Dr. NNP B-NP
+Warshaw NNP I-NP
+points NNS B-VP
+out IN B-PRT
+that IN O
+stress NN B-NP
+and CC I-NP
+anxiety NN I-NP
+have VBP B-VP
+their PRP$ B-NP
+positive JJ I-NP
+uses NNS I-NP
+, , O
+`` `` O
+stress NN B-NP
+perceived VBN B-VP
+to TO I-VP
+be VB I-VP
+threatening VBG B-ADJP
+implies VBZ B-VP
+a DT B-NP
+component NN I-NP
+of IN B-PP
+fear NN B-NP
+and CC I-NP
+anxiety NN I-NP
+that WDT B-NP
+may MD B-VP
+contribute VB I-VP
+to TO B-PP
+burnout NN B-NP
+. . O
+'' '' O
+
+He PRP B-NP
+also RB B-ADVP
+noted VBD B-VP
+that IN O
+various JJ B-NP
+work NN I-NP
+environments NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+night NN B-NP
+work NN I-NP
+, , O
+have VBP B-VP
+their PRP$ B-NP
+own JJ I-NP
+`` `` I-NP
+stressors NNS I-NP
+. . O
+'' '' O
+
+`` `` O
+We PRP B-NP
+all DT O
+like JJ B-VP
+stress NN B-NP
+, , O
+but CC O
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+limit NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Paul NNP B-NP
+D'Arcy NNP I-NP
+, , O
+of IN B-PP
+Rohrer NNP B-NP
+, , I-NP
+Hibler NNP I-NP
+& CC I-NP
+Replogle NNP I-NP
+, , O
+a DT B-NP
+corporate JJ I-NP
+psychology NN I-NP
+and CC I-NP
+management NN I-NP
+consulting NN I-NP
+firm NN I-NP
+. . O
+
+The DT B-NP
+problem NN I-NP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+D'Arcy NNP I-NP
+, , O
+a DT B-NP
+psychologist NN I-NP
+, , O
+is VBZ B-VP
+that IN B-SBAR
+`` `` O
+it PRP B-NP
+'s VBZ B-VP
+very RB B-ADJP
+hard JJ I-ADJP
+to TO B-VP
+get VB I-VP
+any DT B-NP
+hard JJ I-NP
+measures NNS I-NP
+on IN B-PP
+how WRB B-ADVP
+stress NN B-NP
+affects VBZ B-VP
+job NN B-NP
+performance NN I-NP
+. . O
+
+For IN B-PP
+Cheap JJ B-NP
+Air NNP I-NP
+Fares NNS I-NP
+, , O
+Spend VB B-VP
+Christmas NNP B-NP
+Aloft JJ B-ADVP
+
+IT PRP B-NP
+IS VBZ B-VP
+N'T NNP O
+TRUE JJ B-ADJP
+that IN B-SBAR
+a DT B-NP
+90-year CD I-NP
+old JJ I-NP
+clergyman NN I-NP
+on IN B-PP
+a DT B-NP
+mission NN I-NP
+of IN B-PP
+mercy NN B-NP
+to TO B-PP
+a DT B-NP
+disaster NN I-NP
+area NN I-NP
+on IN B-PP
+Christmas NNP B-NP
+Day NNP I-NP
+can MD B-VP
+fly VB I-VP
+free JJ B-ADJP
+. . O
+
+But CC O
+his PRP$ B-NP
+circumstances NNS I-NP
+are VBP B-VP
+among IN B-PP
+the DT B-NP
+few JJ I-NP
+that WDT B-NP
+can MD B-VP
+qualify VB I-VP
+for IN B-PP
+the DT B-NP
+handful NN I-NP
+of IN B-PP
+really RB B-NP
+cheap JJ I-NP
+airline NN I-NP
+tickets NNS I-NP
+remaining VBG B-VP
+in IN B-PP
+America NNP B-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+years NNS I-NP
+, , O
+carriers NNS B-NP
+have VBP B-VP
+become VBN I-VP
+much RB B-ADJP
+more RBR I-ADJP
+picky JJ I-ADJP
+about IN B-PP
+who WP B-NP
+can MD B-VP
+fly VB I-VP
+on IN B-PP
+the DT B-NP
+cheap NN I-NP
+. . O
+
+But CC O
+there EX B-NP
+still RB B-ADVP
+are VBP B-VP
+a DT B-NP
+few JJ I-NP
+ways NNS I-NP
+today NN B-NP
+'s POS B-NP
+traveler NN I-NP
+can MD B-VP
+qualify VB I-VP
+under IN B-PP
+the DT B-NP
+airline NN I-NP
+'s POS B-NP
+many JJ I-NP
+restrictions NNS I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+best JJS I-NP
+deals NNS I-NP
+, , O
+though RB B-ADVP
+, , O
+may MD B-VP
+mean VB I-VP
+skipping VBG I-VP
+Christmas NNP B-NP
+dinner NN I-NP
+with IN B-PP
+the DT B-NP
+relatives NNS I-NP
+. . O
+
+This DT B-NP
+week NN I-NP
+, , O
+many JJ B-NP
+carriers NNS I-NP
+are VBP B-VP
+announcing VBG I-VP
+cut-rate JJ B-NP
+fares NNS I-NP
+designed VBN B-VP
+to TO B-VP
+get VB I-VP
+people NNS B-NP
+to TO B-VP
+fly VB I-VP
+on IN B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+hallowed JJ I-NP
+-- : I-NP
+and CC I-NP
+slowest JJS I-NP
+-- : I-NP
+days NNS I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+including VBG B-PP
+Christmas NNP B-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+years NNS I-NP
+, , O
+the DT B-NP
+airlines NNS I-NP
+had VBD B-VP
+waited VBN I-VP
+until IN B-PP
+the DT B-NP
+last JJ I-NP
+moment NN I-NP
+to TO B-VP
+court VB I-VP
+Christmas NNP B-NP
+season NN I-NP
+vacationers NNS I-NP
+with IN B-PP
+bargain NN B-NP
+fares NNS I-NP
+. . O
+
+That DT B-NP
+approach NN I-NP
+flopped VBD B-VP
+: : O
+Last NNP B-NP
+Christmas NNP I-NP
+Day NNP I-NP
+, , O
+a DT B-NP
+USAir NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+DC-9 JJ I-NP
+jetliner NN I-NP
+flew VBD B-VP
+about IN B-NP
+seven CD I-NP
+passengers NNS I-NP
+from IN B-PP
+Chicago NNP B-NP
+to TO B-PP
+Pittsburgh NNP B-NP
+. . O
+
+So RB O
+this DT B-NP
+year NN I-NP
+, , O
+the DT B-NP
+airlines NNS I-NP
+are VBP B-VP
+getting VBG I-VP
+a DT B-NP
+jump NN I-NP
+on IN B-PP
+holiday NN B-NP
+discounts NNS I-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+cutting VBG I-VP
+ticket NN B-NP
+prices NNS I-NP
+by IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+70 CD I-NP
+% NN I-NP
+from IN B-PP
+normal JJ B-NP
+levels NNS I-NP
+for IN B-PP
+travel NN B-NP
+to TO B-PP
+most RBS B-NP
+U.S. NNP I-NP
+locations NNS I-NP
+on IN B-PP
+Dec. NNP B-NP
+24 CD I-NP
+, , I-NP
+25 CD I-NP
+, , I-NP
+29 CD I-NP
+, , I-NP
+30 CD I-NP
+and CC I-NP
+31 CD I-NP
+, , O
+and CC O
+Jan. NNP B-NP
+4 CD I-NP
+, , I-NP
+5 NN I-NP
+and CC I-NP
+6 CD I-NP
+. . O
+
+The DT B-NP
+promotions NNS I-NP
+-- : O
+dubbed VBN B-VP
+everything NN B-NP
+from IN B-PP
+'T- PRP B-NP
+is VBZ B-VP
+the DT B-NP
+Season NN I-NP
+to TO B-VP
+be VB I-VP
+Jolly JJ B-ADJP
+to TO B-PP
+Kringle NNP B-NP
+fares NNS I-NP
+-- : O
+put VB B-VP
+round-trip JJ B-NP
+fares NNS I-NP
+at IN B-PP
+$ $ B-NP
+98 CD I-NP
+, , O
+$ $ B-NP
+148 CD I-NP
+and CC O
+$ $ B-NP
+198 CD I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+trying VBG I-VP
+to TO I-VP
+keep VB I-VP
+planes NNS B-NP
+flying VBG B-VP
+on IN B-PP
+days NNS B-NP
+they PRP B-NP
+'d MD B-VP
+normally RB I-VP
+park VB I-VP
+them PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Roger NNP B-NP
+Bard NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Mr. NNP B-NP
+Mitchell NNP I-NP
+Travel NNP I-NP
+Service NNP I-NP
+in IN B-PP
+Burnsville NNP B-NP
+, , O
+N.C NNP B-NP
+. . O
+
+Expect VB B-VP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+sky-high JJ B-NP
+prices NNS I-NP
+on IN B-PP
+other JJ B-NP
+dates NNS I-NP
+near IN B-PP
+the DT B-NP
+holidays NNS I-NP
+when WRB B-ADVP
+the DT B-NP
+airlines NNS I-NP
+know VBP B-VP
+vacationers NNS B-NP
+are VBP B-VP
+eager JJ B-ADJP
+to TO B-VP
+travel VB I-VP
+. . O
+
+Consider VB B-VP
+Adopting VBG I-VP
+Your PRP$ B-NP
+Spouse NN I-NP
+'s POS B-NP
+Name NN I-NP
+
+IF IN B-SBAR
+CONTINENTAL NNP B-NP
+Airlines NNPS I-NP
+has VBZ B-VP
+its PRP$ B-NP
+way NN I-NP
+, , O
+couples NNS B-NP
+like IN B-PP
+Marlo NNP B-NP
+Thomas NNP I-NP
+and CC O
+Phil NNP B-NP
+Donahue NNP I-NP
+may MD B-VP
+find VB I-VP
+it PRP B-NP
+a DT B-NP
+hassle NN I-NP
+to TO B-VP
+qualify VB I-VP
+for IN B-PP
+some DT B-NP
+new JJ I-NP
+discounts NNS I-NP
+. . O
+
+Continental NNP B-NP
+, , O
+a DT B-NP
+Texas NNP I-NP
+Air NNP I-NP
+Corp. NNP I-NP
+unit NN I-NP
+, , O
+recently RB B-ADVP
+unveiled VBD B-VP
+a DT B-NP
+marketing NN I-NP
+program NN I-NP
+offering NN B-VP
+free JJ B-NP
+companion NN I-NP
+tickets NNS I-NP
+to TO B-PP
+business-class JJ B-NP
+and CC I-NP
+first-class JJ I-NP
+passengers NNS I-NP
+on IN B-PP
+international JJ B-NP
+flights NNS I-NP
+. . O
+
+The DT B-NP
+Continental NNP I-NP
+catch NN I-NP
+: : O
+Only RB B-NP
+immediate JJ I-NP
+family NN I-NP
+members NNS I-NP
+are VBP B-VP
+allowed VBN I-VP
+, , O
+and CC O
+they PRP B-NP
+must MD B-VP
+have VB I-VP
+the DT B-NP
+same JJ I-NP
+last JJ I-NP
+name NN I-NP
+as IN B-PP
+the DT B-NP
+buyer NN I-NP
+of IN B-PP
+the DT B-NP
+ticket NN I-NP
+or CC O
+legal JJ B-NP
+proof NN I-NP
+they PRP B-NP
+'re VBP B-VP
+related VBN B-ADJP
+. . O
+
+That DT B-NP
+irritates VBZ B-VP
+many JJ B-NP
+women NNS I-NP
+who WP B-NP
+have VBP B-VP
+n't RB I-VP
+taken VBN I-VP
+their PRP$ B-NP
+husbands NNS I-NP
+' POS B-NP
+last JJ I-NP
+name NN I-NP
+. . O
+
+`` `` O
+What WP B-NP
+a DT B-NP
+bunch NN I-NP
+of IN B-PP
+nonsense NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jessica NNP B-NP
+Crosby NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+chapter NN I-NP
+of IN B-PP
+the DT B-NP
+National NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Women NNP B-NP
+Business NNP I-NP
+Owners NNS I-NP
+. . O
+
+`` `` O
+This DT B-NP
+sets NNS B-VP
+things NNS B-NP
+way NN B-ADVP
+back RB I-ADVP
+. . O
+'' '' O
+
+Continental NNP B-NP
+'s POS B-NP
+logic NN I-NP
+: : O
+It PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+want VB I-VP
+business NN B-NP
+companions NNS I-NP
+abusing VBG B-VP
+the DT B-NP
+promotion NN I-NP
+by IN B-PP
+falsely RB B-VP
+claiming VBG I-VP
+to TO I-VP
+be VB I-VP
+related VBN B-ADJP
+. . O
+
+`` `` O
+We PRP B-NP
+accommodate VBP B-VP
+their PRP$ B-NP
+choice NN I-NP
+of IN B-PP
+names NNS B-NP
+by IN B-PP
+allowing VBG B-VP
+them PRP B-NP
+to TO B-VP
+demonstrate VB I-VP
+'' '' O
+family NN B-NP
+affiliation NN I-NP
+with IN B-PP
+legal JJ B-NP
+documents NNS I-NP
+, , O
+says VBZ B-VP
+Jim NNP B-NP
+O'Donnell NNP I-NP
+, , O
+a DT B-NP
+senior JJ I-NP
+vice NN I-NP
+president NN I-NP
+. . O
+
+But CC O
+gay JJ B-NP
+rights NNS I-NP
+advocates NNS I-NP
+are VBP B-VP
+angry JJ B-ADJP
+, , O
+too RB B-ADVP
+. . O
+
+The DT B-NP
+Lambda NNP I-NP
+Legal NNP I-NP
+Defense NNP I-NP
+and CC I-NP
+Education NNP I-NP
+Fund NNP I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+City NNP I-NP
+has VBZ B-VP
+received VBN I-VP
+complaints NNS B-NP
+from IN B-PP
+homosexual JJ B-NP
+couples NNS I-NP
+whom WP B-NP
+the DT B-NP
+airline NN I-NP
+does VBZ B-VP
+n't RB I-VP
+recognize VB I-VP
+as IN B-PP
+family NN B-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+certainly RB B-ADVP
+discrimination NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+attorney NN B-NP
+Evan NNP I-NP
+Wolfson NNP I-NP
+, , O
+whose WP$ B-NP
+group NN I-NP
+forced VBN B-VP
+Trans NNP B-NP
+World NNP I-NP
+Airlines NNPS I-NP
+this DT B-NP
+year NN I-NP
+to TO B-VP
+change VB I-VP
+a DT B-NP
+rule NN I-NP
+that WDT B-NP
+allowed VBD B-VP
+travelers NNS B-NP
+to TO B-VP
+transfer VB I-VP
+frequent JJ B-NP
+flier NN I-NP
+awards NNS I-NP
+only RB B-ADVP
+to TO B-PP
+family NN B-NP
+members NNS I-NP
+. . O
+
+Take VB B-VP
+Your PRP$ B-NP
+Vacation NN I-NP
+In IN B-PP
+a DT B-NP
+Hurricane NNP I-NP
+Area NNP I-NP
+
+WHEN WRB B-ADVP
+HURRICANE NNP B-NP
+Hugo NNP I-NP
+careened VBD B-VP
+through IN B-PP
+the DT B-NP
+Caribbean NNP I-NP
+and CC O
+the DT B-NP
+Atlantic NNP I-NP
+coast NN I-NP
+states NNS I-NP
+, , O
+it PRP B-NP
+downed VBD B-VP
+electric NN B-NP
+and CC I-NP
+telephone NN I-NP
+lines NNS I-NP
+, , O
+shot NN B-VP
+coconuts NNS B-NP
+through IN B-PP
+cottage NN B-NP
+rooftops NNS I-NP
+, , O
+shattered VBN B-VP
+windows NNS B-NP
+and CC O
+uprooted VBN B-VP
+thousands NNS B-NP
+of IN B-PP
+lives NNS B-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+lowered VBD B-VP
+some DT B-NP
+air NN I-NP
+fares NNS I-NP
+. . O
+
+Since IN B-PP
+the DT B-NP
+hurricane NN I-NP
+, , O
+Midway NNP B-NP
+Airlines NNP I-NP
+Inc. NNP I-NP
+and CC O
+American NNP B-NP
+Airlines NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+AMR NNP B-NP
+Corp. NNP I-NP
+, , O
+trimmed VBD B-VP
+their PRP$ B-NP
+one-way JJ I-NP
+fares NNS I-NP
+to TO B-PP
+the DT B-NP
+Virgin NNP I-NP
+Islands NNPS I-NP
+to TO B-PP
+$ $ B-NP
+109 CD I-NP
+from IN B-PP
+prices NNS B-NP
+that WDT B-NP
+were VBD B-VP
+at IN B-PP
+times NNS B-NP
+double JJ B-NP
+that IN I-NP
+before IN B-PP
+the DT B-NP
+storm NN I-NP
+. . O
+
+The DT B-NP
+fares NNS I-NP
+are VBP B-VP
+code-named VBN I-VP
+Hugo NNP B-NP
+, , O
+Compassion NNP B-NP
+and CC O
+Virgin NNP B-NP
+Islands NNP I-NP
+Aid NNP I-NP
+. . O
+
+-LRB- ( O
+Airlines NNPS B-NP
+are VBP B-VP
+n't RB I-VP
+lowering VBG I-VP
+fares NNS B-NP
+to TO B-PP
+Northern NNP B-NP
+California NNP I-NP
+following VBG B-PP
+this DT B-NP
+week NN I-NP
+'s POS B-NP
+earthquake NN I-NP
+, , O
+but CC O
+reservation NN B-NP
+agents NNS I-NP
+can MD B-VP
+waive VB I-VP
+advance-purchase JJ B-NP
+restrictions NNS I-NP
+on IN B-PP
+discount NN B-NP
+fares NNS I-NP
+for IN B-PP
+emergency NN B-NP
+trips NNS I-NP
+. . O
+-RRB- ) O
+
+Some DT B-NP
+hotels NNS I-NP
+in IN B-PP
+the DT B-NP
+hurricane-stricken JJ I-NP
+Caribbean NNP I-NP
+promise NN B-VP
+money-back JJ B-NP
+guarantees NNS I-NP
+. . O
+
+In IN B-PP
+Myrtle NNP B-NP
+Beach NNP I-NP
+, , O
+S.C. NNP B-NP
+, , O
+the DT B-NP
+damaged VBN I-NP
+Yachtsman NNP I-NP
+Resort NNP I-NP
+offers VBZ B-VP
+daily JJ B-NP
+rates NNS I-NP
+as RB B-ADJP
+low JJ I-ADJP
+as IN B-PP
+$ $ B-NP
+35 CD I-NP
+, , O
+or CC O
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+22 CD I-NP
+% NN I-NP
+below IN B-PP
+regular JJ B-NP
+prices NNS I-NP
+. . O
+
+Says VBZ B-VP
+Michele NNP B-NP
+Hoffman NNP I-NP
+, , O
+a DT B-NP
+clerk NN I-NP
+in IN B-PP
+the DT B-NP
+resort NN I-NP
+'s POS B-NP
+front NN I-NP
+office NN I-NP
+: : O
+`` `` O
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+the DT B-NP
+outdoor JJ I-NP
+pool NN I-NP
+, , O
+the DT B-NP
+pool NN I-NP
+table NN I-NP
+, , I-NP
+ping NN I-NP
+pong NN I-NP
+table NN I-NP
+, , I-NP
+snack NN I-NP
+bar NN I-NP
+or CC I-NP
+VCR NNP I-NP
+, , O
+but CC O
+we PRP B-NP
+still RB B-ADVP
+have VBP B-VP
+the DT B-NP
+indoor JJ I-NP
+pool NN I-NP
+and CC I-NP
+Jacuzzi NNP I-NP
+. . O
+'' '' O
+
+Just RB B-ADVP
+Wait VB B-VP
+Until IN B-SBAR
+You PRP B-NP
+'re VBP B-VP
+a DT B-NP
+Bit NN I-NP
+Older JJR B-ADJP
+
+SENIOR JJ B-NP
+CITIZENS NNS I-NP
+have VBP B-VP
+long RB I-VP
+received VBN I-VP
+cheap JJ B-NP
+air NN I-NP
+fares NNS I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+, , O
+the DT O
+older JJR O
+someone NN B-NP
+is VBZ B-VP
+the DT O
+bigger JJR O
+the DT B-NP
+discount NN I-NP
+. . O
+
+A DT B-NP
+senior JJ I-NP
+citizen NN I-NP
+between IN B-PP
+62 CD B-NP
+and CC I-NP
+70 CD I-NP
+saves VBZ B-VP
+70 CD B-NP
+% NN I-NP
+off IN B-PP
+regular JJ B-NP
+coach NN I-NP
+fare NN I-NP
+. . O
+
+Travelers NNS B-NP
+up IN B-PP
+to TO B-PP
+age NN B-NP
+99 CD I-NP
+get VB B-VP
+a DT B-NP
+percentage NN I-NP
+discount NN I-NP
+matching VBG B-VP
+their PRP$ B-NP
+age NN I-NP
+. . O
+
+And CC O
+centenarians NNS B-NP
+fly VBP B-VP
+free JJ B-ADVP
+in IN B-PP
+first JJ B-NP
+class NN I-NP
+. . O
+
+Next JJ B-NP
+month NN I-NP
+, , O
+Northwest NNP B-NP
+Airlines NNPS I-NP
+says VBZ B-VP
+, , O
+a DT B-NP
+108-year-old NNP I-NP
+Lansing NNP I-NP
+, , I-NP
+Mich. NNP I-NP
+, , I-NP
+woman NN I-NP
+is VBZ B-VP
+taking VBG I-VP
+it PRP B-NP
+up IN B-PRT
+on IN B-PP
+the DT B-NP
+offer NN I-NP
+to TO B-VP
+fly VB I-VP
+with IN B-PP
+her PRP$ B-NP
+72-year-old JJ I-NP
+son NN I-NP
+to TO B-PP
+Tampa NNP B-NP
+, , O
+Fla NNP B-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+when WRB B-ADVP
+Northwest NNP B-NP
+first RB B-ADVP
+offered VBN B-VP
+the DT B-NP
+promotion NN I-NP
+, , O
+only RB B-NP
+six CD I-NP
+centenarians NNS I-NP
+flew VBD B-VP
+free JJ B-ADVP
+. . O
+
+If IN B-SBAR
+All DT B-NP
+Else RB I-NP
+Fails VBZ B-VP
+... : O
+. . O
+
+THE DT B-NP
+NATION'S NN I-NP
+carriers NNS I-NP
+also RB B-ADVP
+provide VBP B-VP
+discounts NNS B-NP
+to TO B-PP
+Red NNP B-NP
+Cross NNP I-NP
+workers NNS I-NP
+, , O
+retired VBN B-NP
+military JJ I-NP
+personnel NNS I-NP
+and CC O
+medical JJ B-NP
+students NNS I-NP
+. . O
+
+There EX B-NP
+'s VBZ B-VP
+even RB B-ADVP
+a DT B-NP
+special JJ I-NP
+fare NN I-NP
+for IN B-PP
+clergy NN B-NP
+that WDT B-NP
+does VBZ B-VP
+n't RB I-VP
+require VB I-VP
+the DT B-NP
+usual JJ I-NP
+stay NN I-NP
+over IN B-PP
+Saturday NNP B-NP
+night NN I-NP
+. . O
+
+That DT B-NP
+way NN I-NP
+, , O
+they PRP B-NP
+can MD B-VP
+be VB I-VP
+home NN B-NP
+in IN B-PP
+time NN B-NP
+for IN B-PP
+work NN B-NP
+Sunday NNP B-NP
+. . O
+
+The DT B-NP
+British NNP I-NP
+Petroleum NNP I-NP
+Co. NNP I-NP
+PLC NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+BP NNP I-NP
+Exploration NNP I-NP
+unit NN I-NP
+has VBZ B-VP
+produced VBN I-VP
+the DT B-NP
+first JJ I-NP
+oil NN I-NP
+from IN B-PP
+its PRP$ B-NP
+Don NNP I-NP
+oilfield NN I-NP
+in IN B-PP
+the DT B-NP
+North NNP I-NP
+Sea NNP I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+official JJ I-NP
+release NN I-NP
+, , O
+BP NNP B-NP
+said VBD B-VP
+initial JJ B-NP
+production NN I-NP
+from IN B-PP
+the DT B-NP
+field NN I-NP
+was VBD B-VP
+11,000 CD B-NP
+barrels NNS I-NP
+a DT B-NP
+day NN I-NP
+, , O
+and CC O
+that IN B-SBAR
+it PRP B-NP
+expects VBZ B-VP
+peak NN B-NP
+output NN I-NP
+from IN B-PP
+the DT B-NP
+field NN I-NP
+of IN B-PP
+15,000 CD B-NP
+barrels NNS I-NP
+a DT B-NP
+day NN I-NP
+to TO B-VP
+be VB I-VP
+reached VBN I-VP
+in IN B-PP
+1990 CD B-NP
+. . O
+
+As IN B-PP
+the DT B-NP
+sponsor NN I-NP
+of IN B-PP
+the DT O
+`` `` O
+Older JJR O
+Americans NNP O
+Freedom NNP O
+to TO B-PP
+Work VB B-NP
+Act NNP B-NP
+, , O
+'' '' O
+which WDT B-NP
+would MD B-VP
+repeal VB I-VP
+the DT B-NP
+Social NNP I-NP
+Security NNP I-NP
+earnings NNS I-NP
+limit NN I-NP
+for IN B-PP
+people NNS B-NP
+aged VBN B-VP
+65 CD B-NP
+and CC O
+older JJR B-ADJP
+, , O
+I PRP B-NP
+applaud VBP B-VP
+your PRP$ B-NP
+strong JJ I-NP
+endorsement NN I-NP
+to TO B-VP
+repeal VB I-VP
+this DT B-NP
+Depression-era JJ I-NP
+fossil NN I-NP
+. . O
+
+For IN B-PP
+every DT B-NP
+dollar NN I-NP
+earned VBD B-VP
+over IN B-PP
+$ $ B-NP
+8,880 CD I-NP
+, , O
+Social NNP B-NP
+Security NNP I-NP
+recipients NNS I-NP
+lose VBP B-VP
+50 CD B-NP
+cents NNS I-NP
+of IN B-PP
+their PRP$ B-NP
+Social NNP I-NP
+Security NNP I-NP
+benefits NNS I-NP
+; : O
+it PRP B-NP
+'s VBZ B-VP
+like IN B-PP
+a DT B-NP
+50 CD I-NP
+% NN I-NP
+marginal JJ I-NP
+tax NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+compounded VBN I-NP
+effects NNS I-NP
+of IN B-PP
+`` `` B-NP
+seniors NNS I-NP
+only RB I-NP
+'' '' I-NP
+taxes NNS I-NP
+result VBP B-VP
+in IN B-PP
+truly RB B-NP
+catastrophic JJ I-NP
+marginal JJ I-NP
+tax NN I-NP
+rates NNS I-NP
+. . O
+
+Imagine VB B-VP
+a DT B-NP
+widow NN I-NP
+who WP B-NP
+wants VBZ B-VP
+to TO I-VP
+maintain VB I-VP
+her PRP$ B-NP
+standard NN I-NP
+of IN B-PP
+living VBG B-NP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+level NN I-NP
+she PRP B-NP
+had VBD B-VP
+before IN B-SBAR
+she PRP B-NP
+had VBD B-VP
+to TO I-VP
+pay VB I-VP
+the DT B-NP
+catastrophic JJ I-NP
+surtax NN I-NP
+. . O
+
+Although IN B-SBAR
+this DT B-NP
+widow NN I-NP
+earns VBZ B-VP
+only RB B-NP
+twice RB I-NP
+the DT I-NP
+minimum JJ I-NP
+wage NN I-NP
+, , O
+largely RB B-ADVP
+due JJ B-PP
+to TO B-PP
+the DT B-NP
+earnings NNS I-NP
+limit NN I-NP
+, , O
+she PRP B-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+earn VB I-VP
+an DT B-NP
+additional JJ I-NP
+$ $ I-NP
+4,930 CD I-NP
+to TO B-VP
+offset VB I-VP
+her PRP$ B-NP
+catastrophic JJ I-NP
+surtax NN I-NP
+of IN B-PP
+$ $ B-NP
+496 CD I-NP
+. . O
+
+Eliminating VBG B-VP
+the DT B-NP
+earnings NNS I-NP
+limit NN I-NP
+would MD B-VP
+greatly RB I-VP
+help VB I-VP
+seniors NNS B-NP
+and CC O
+reduce VB B-VP
+the DT B-NP
+deficit NN I-NP
+. . O
+
+Repeal NN B-NP
+would MD B-VP
+generate VB I-VP
+more JJR B-NP
+in IN B-PP
+new JJ B-NP
+taxes NNS I-NP
+than IN B-SBAR
+the DT B-NP
+government NN I-NP
+would MD B-VP
+lose VB I-VP
+in IN B-PP
+increased VBN B-NP
+Social NNP I-NP
+Security NNP I-NP
+benefit NN I-NP
+payments NNS I-NP
+. . O
+
+We PRP B-NP
+now JJ B-ADVP
+need NN B-VP
+support NN B-NP
+from IN B-PP
+the DT B-NP
+Democrats NNPS I-NP
+on IN B-PP
+the DT B-NP
+Rules NNP I-NP
+Committee NNP I-NP
+in IN B-SBAR
+order NN O
+to TO B-VP
+include VB I-VP
+earnings-limit JJ B-NP
+reform NN I-NP
+in IN B-PP
+the DT B-NP
+Reconciliation NNP I-NP
+Bill NNP I-NP
+. . O
+
+Since IN B-SBAR
+all DT B-NP
+four CD I-NP
+Republicans NNPS I-NP
+on IN B-PP
+the DT B-NP
+committee NN I-NP
+are VBP B-VP
+co-sponsors NNS B-NP
+of IN B-PP
+my PRP$ B-NP
+bill NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+the DT B-NP
+Democrats NNPS I-NP
+who WP B-NP
+will MD B-VP
+be VB I-VP
+held VBN I-VP
+fully RB B-ADJP
+accountable JJ I-ADJP
+if IN B-SBAR
+an DT B-NP
+earnings NNS I-NP
+test NN I-NP
+amendment NN I-NP
+is VBZ B-VP
+not RB I-VP
+allowed VBN I-VP
+from IN B-PP
+the DT B-NP
+floor NN I-NP
+. . O
+
+The DT B-NP
+time NN I-NP
+is VBZ B-VP
+now RB B-ADVP
+to TO B-VP
+lift VB I-VP
+the DT B-NP
+burdensome JJ I-NP
+Social NNP I-NP
+Security NNP I-NP
+earnings NNS I-NP
+limit NN I-NP
+from IN B-PP
+the DT B-NP
+backs NNS I-NP
+of IN B-PP
+our PRP$ B-NP
+nation NN I-NP
+'s POS B-NP
+seniors NNS I-NP
+. . O
+
+Rep. NNP B-NP
+J. NNP I-NP
+Dennis NNP I-NP
+Hastert NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Ill NNP B-NP
+. . O
+-RRB- ) O
+
+When WRB B-ADVP
+his PRP$ B-NP
+Seventh NNP I-NP
+Avenue NNP I-NP
+fur NN I-NP
+business NN I-NP
+here RB B-ADVP
+was VBD B-VP
+flying VBG I-VP
+high JJ B-ADVP
+20 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+Jack NNP B-NP
+Purnick NNP I-NP
+had VBD B-VP
+25 CD B-NP
+workers NNS I-NP
+and CC O
+a DT B-NP
+large JJ I-NP
+factory NN I-NP
+. . O
+
+Now RB B-ADVP
+his PRP$ B-NP
+half-dozen NN I-NP
+employees NNS I-NP
+work VBP B-VP
+in IN B-PP
+an DT B-NP
+eighth-floor JJ I-NP
+shop NN I-NP
+that IN B-NP
+he PRP B-NP
+says VBZ B-VP
+is VBZ B-VP
+smaller JJR B-ADJP
+than IN B-PP
+his PRP$ B-NP
+old JJ I-NP
+storage NN I-NP
+room NN I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+says VBZ B-VP
+he PRP B-NP
+is VBZ B-VP
+losing VBG I-VP
+money NN B-NP
+now RB B-ADVP
+. . O
+
+He PRP B-NP
+blames VBZ B-VP
+imports NNS B-NP
+. . O
+
+But CC O
+just RB B-ADVP
+down RB I-ADVP
+Seventh NNP B-NP
+Avenue NNP I-NP
+, , O
+where WRB B-ADVP
+about IN B-NP
+75 CD I-NP
+% NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+fur NN I-NP
+garments NNS I-NP
+are VBP B-VP
+made VBN I-VP
+, , O
+Larry NNP B-NP
+Rosen NNP I-NP
+has VBZ B-VP
+acquired VBN I-VP
+two CD B-NP
+retail JJ I-NP
+outlets NNS I-NP
+, , O
+broadened VBD B-VP
+his PRP$ B-NP
+fur-making JJ I-NP
+line NN I-NP
+and CC O
+expanded VBN B-VP
+into IN B-PP
+leather NN B-NP
+. . O
+
+He PRP B-NP
+credits VBZ B-VP
+imports NNS B-NP
+. . O
+
+The DT B-NP
+difference NN I-NP
+lies VBZ B-VP
+in IN B-PP
+how WRB B-ADVP
+the DT B-NP
+two CD I-NP
+entrepreneurial JJ I-NP
+furriers NNS I-NP
+reacted VBD B-VP
+to TO B-PP
+the DT B-NP
+foreign JJ I-NP
+competition NN I-NP
+and CC I-NP
+transformation NN I-NP
+of IN B-PP
+their PRP$ B-NP
+industry NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+10 CD I-NP
+years NNS I-NP
+. . O
+
+One CD B-NP
+stuck VBN B-VP
+to TO B-PP
+old-line JJ B-NP
+business NN I-NP
+traditions NNS I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+other JJ I-NP
+embraced VBN B-VP
+the DT B-NP
+change NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+small JJ I-NP
+, , I-NP
+good JJ I-NP
+fur NN I-NP
+salon NN I-NP
+is VBZ B-VP
+not RB O
+what WP B-NP
+it PRP B-NP
+used VBD B-VP
+to TO I-VP
+be VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Purnick NNP I-NP
+, , O
+75 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+. . O
+
+`` `` O
+We PRP B-NP
+make VBP B-VP
+the DT B-NP
+finest JJS I-NP
+product NN I-NP
+in IN B-PP
+the DT B-NP
+world NN I-NP
+, , O
+and CC O
+the DT B-NP
+Americans NNPS I-NP
+are VBP B-VP
+being VBG I-VP
+kicked VBN I-VP
+around IN B-PRT
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Rosen NNP I-NP
+, , O
+though RB B-ADVP
+, , O
+believes VBZ B-VP
+imports NNS B-NP
+have VBP B-VP
+reinvigorated VBN I-VP
+the DT B-NP
+industry NN I-NP
+in IN B-PP
+which WDT B-NP
+he PRP B-NP
+has VBZ B-VP
+worked VBN I-VP
+for IN B-PP
+most RBS B-NP
+of IN B-PP
+his PRP$ B-NP
+57 CD I-NP
+years NNS I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+'ve VBP B-VP
+got VBD I-VP
+some DT B-NP
+minds NNS I-NP
+here RB B-ADVP
+that WDT B-NP
+wo MD B-VP
+n't RB I-VP
+think VB I-VP
+progressively RB B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Import NN B-NP
+competition NN I-NP
+for IN B-PP
+U.S. NNP B-NP
+furs NNS I-NP
+has VBZ B-VP
+risen VBN I-VP
+sharply RB B-ADVP
+since IN B-SBAR
+furriers NNS B-NP
+started VBD B-VP
+aggressively RB I-VP
+marketing VBG I-VP
+`` `` O
+working-girl NN B-NP
+mink NN I-NP
+'' '' O
+and CC O
+similar JJ B-NP
+lower-priced JJ I-NP
+imported VBN I-NP
+furs NNS I-NP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+. . O
+
+Merchants NNP B-NP
+discovered VBD B-VP
+a DT B-NP
+consumer NN I-NP
+largely RB B-VP
+ignored VBD I-VP
+by IN B-PP
+higher-priced JJ B-NP
+furriers NNS I-NP
+: : O
+the DT B-NP
+younger JJR I-NP
+woman NN I-NP
+-- : O
+even RB B-ADVP
+in IN B-PP
+her PRP$ B-NP
+late JJ I-NP
+20s CD I-NP
+-- : O
+who WP B-NP
+never RB B-ADVP
+thought VBD B-VP
+she PRP B-NP
+could MD B-VP
+buy VB I-VP
+a DT B-NP
+mink NN I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+market NN I-NP
+helped VBD B-VP
+boost VB I-VP
+U.S. NNP B-NP
+fur NN I-NP
+sales NNS I-NP
+to TO B-PP
+about RB B-NP
+$ $ I-NP
+1.8 CD I-NP
+billion CD I-NP
+a DT B-NP
+year NN I-NP
+now RB B-ADVP
+, , O
+triple VB B-NP
+the DT I-NP
+level NN I-NP
+in IN B-PP
+the DT B-NP
+late JJ I-NP
+1970s NNS I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+opened VBD B-VP
+the DT B-NP
+door NN I-NP
+to TO B-PP
+furs NNS B-NP
+made VBN B-VP
+in IN B-PP
+South NNP B-NP
+Korea NNP I-NP
+, , O
+China NNP B-NP
+, , O
+Hong NNP B-NP
+Kong NNP I-NP
+and CC O
+other JJ B-NP
+countries NNS I-NP
+. . O
+
+Jindo NNP B-NP
+Furs NNP I-NP
+, , O
+a DT B-NP
+large JJ I-NP
+South JJ I-NP
+Korean JJ I-NP
+maker NN I-NP
+, , O
+says VBZ B-VP
+it PRP B-NP
+operates VBZ B-VP
+35 CD B-NP
+retail JJ I-NP
+outlets NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+plans NNS B-VP
+to TO I-VP
+open VB I-VP
+15 CD B-NP
+more JJR I-NP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+next JJ B-NP
+year NN I-NP
+. . O
+
+Mr. NNP B-NP
+Purnick NNP I-NP
+and CC O
+other JJ B-NP
+old-line JJ I-NP
+furriers NNS I-NP
+call VBP B-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+the DT I-NP
+imports NNS I-NP
+unstylish JJ B-ADJP
+and CC O
+poorly RB B-ADJP
+made VBN I-ADJP
+. . O
+
+High-end JJ B-NP
+U.S. NNP I-NP
+furriers NNS I-NP
+say VBP B-VP
+these DT B-NP
+imports NNS I-NP
+have VBP B-VP
+n't RB I-VP
+squeezed VBN I-VP
+them PRP B-NP
+. . O
+
+But CC O
+low-priced JJ B-NP
+and CC I-NP
+middle-priced JJ I-NP
+furriers NNS I-NP
+like IN B-PP
+Mr. NNP B-NP
+Purnick NNP I-NP
+, , O
+who WP B-NP
+once RB B-ADVP
+saturated VBN B-VP
+the DT B-NP
+five-block JJ I-NP
+Seventh NNP I-NP
+Avenue NNP I-NP
+fur NN I-NP
+district NN I-NP
+, , O
+say VBP B-VP
+imports NNS B-NP
+have VBP B-VP
+cut VBN I-VP
+their PRP$ B-NP
+sales NNS I-NP
+. . O
+
+A DT B-NP
+woman NN I-NP
+who WP B-NP
+once RB B-ADVP
+would MD B-VP
+have VB I-VP
+saved VBN I-VP
+for IN B-PP
+two CD B-NP
+or CC I-NP
+three CD I-NP
+seasons NNS I-NP
+to TO B-VP
+buy VB I-VP
+a DT B-NP
+U.S.-made JJ I-NP
+mink NN I-NP
+can MD B-VP
+now RB I-VP
+get VB I-VP
+an DT B-NP
+imported VBN I-NP
+mink NN I-NP
+right RB B-ADVP
+away RB I-ADVP
+for IN B-PP
+less JJR B-NP
+than IN I-NP
+$ $ I-NP
+2,000 CD I-NP
+. . O
+
+Yet RB O
+Mr. NNP B-NP
+Rosen NNP I-NP
+has VBZ B-VP
+turned VBN I-VP
+the DT B-NP
+import NN I-NP
+phenomenon NN I-NP
+to TO B-PP
+his PRP$ B-NP
+advantage NN I-NP
+. . O
+
+Early RB B-ADVP
+in IN B-PP
+the DT B-NP
+decade NN I-NP
+he PRP B-NP
+saw VBD B-VP
+that IN B-SBAR
+fur NN B-NP
+workers NNS I-NP
+in IN B-PP
+many JJ B-NP
+foreign JJ I-NP
+countries NNS I-NP
+were VBD B-VP
+willing JJ B-ADJP
+to TO B-VP
+work VB I-VP
+longer RB B-NP
+hours VBZ I-NP
+at IN B-PP
+lower JJR B-NP
+wages NNS I-NP
+than IN B-PP
+their PRP$ B-NP
+American JJ I-NP
+counterparts NNS I-NP
+and CC O
+were VBD B-VP
+more RBR B-ADJP
+open JJ I-ADJP
+to TO B-PP
+innovation NN B-NP
+. . O
+
+In IN B-PP
+1982 CD B-NP
+, , O
+he PRP B-NP
+started VBD B-VP
+a DT B-NP
+factory NN I-NP
+in IN B-PP
+Greece NNP B-NP
+. . O
+
+Two CD B-NP
+years NNS I-NP
+later RB B-ADVP
+, , O
+he PRP B-NP
+opened VBD B-VP
+one CD B-NP
+in IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+noticed VBD B-VP
+that IN B-SBAR
+foreign JJ B-NP
+makers NNS I-NP
+were VBD B-VP
+introducing VBG I-VP
+many JJ B-NP
+variations NNS I-NP
+on IN B-PP
+the DT B-NP
+traditional JJ I-NP
+fur NN I-NP
+, , O
+and CC O
+he PRP B-NP
+decided VBD B-VP
+to TO I-VP
+follow VB I-VP
+suit NN B-NP
+. . O
+
+By IN B-PP
+combining VBG B-VP
+his PRP$ B-NP
+strengths NNS I-NP
+in IN B-PP
+innovation NN B-NP
+and CC O
+quality NN B-NP
+control NN I-NP
+with IN B-PP
+the DT B-NP
+lower JJR I-NP
+costs NNS I-NP
+of IN B-PP
+production NN B-NP
+abroad RB I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+he PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+produce VB I-VP
+high-quality JJ B-NP
+goods NNS I-NP
+at IN B-PP
+low JJ B-NP
+cost NN I-NP
+. . O
+
+To TO B-VP
+maintain VB I-VP
+control NN B-NP
+over IN B-PP
+production NN B-NP
+and CC O
+avoid VB B-VP
+overdependence NN B-NP
+on IN B-PP
+foreign JJ B-NP
+sources NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+he PRP B-NP
+still RB B-ADVP
+makes VBZ B-VP
+most RBS B-NP
+of IN B-PP
+his PRP$ B-NP
+furs NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+But CC O
+six CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+he PRP B-NP
+also RB B-ADVP
+began VBD B-VP
+importing VBG I-VP
+from IN B-PP
+the DT B-NP
+Far NNP I-NP
+East NNP I-NP
+. . O
+
+Inspired VBN B-VP
+by IN B-PP
+imports NNS B-NP
+, , O
+Mr. NNP B-NP
+Rosen NNP I-NP
+now RB B-ADVP
+makes VBZ B-VP
+fur NN B-NP
+muffs NNS I-NP
+, , I-NP
+hats NNS I-NP
+and CC I-NP
+flings NNS I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+he PRP B-NP
+produced VBD B-VP
+a DT B-NP
+men NNS I-NP
+'s POS B-NP
+line NN I-NP
+and CC O
+offers VBZ B-VP
+dyed VBN B-NP
+furs NNS I-NP
+in IN B-PP
+red JJ B-NP
+, , O
+cherry JJ B-NP
+red NN I-NP
+, , O
+violet NN B-NP
+, , O
+royal JJ B-NP
+blue NN I-NP
+and CC O
+forest NN B-NP
+green JJ I-NP
+. . O
+
+He PRP B-NP
+has VBZ B-VP
+leather NN B-NP
+jackets NNS I-NP
+from IN B-PP
+Turkey NNP B-NP
+that WDT B-NP
+are VBP B-VP
+lined VBN I-VP
+with IN B-PP
+eel NN B-NP
+skin NN I-NP
+and CC O
+topped VBD B-VP
+off IN B-PRT
+with IN B-PP
+raccoon-skin JJ B-NP
+collars NNS I-NP
+. . O
+
+From IN B-PP
+Asia NNP B-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+mink NN B-NP
+jackets NNS I-NP
+with IN B-PP
+floral JJ B-NP
+patterns NNS I-NP
+made VBN B-VP
+by IN B-PP
+using VBG B-VP
+different JJ B-NP
+colored JJ I-NP
+furs NNS I-NP
+. . O
+
+Next JJ B-ADVP
+he PRP B-NP
+will MD B-VP
+be VB I-VP
+testing NN I-VP
+pictured VBD B-NP
+embroidery NN I-NP
+-LRB- ( O
+called VBN B-VP
+kalega NN B-NP
+-RRB- ) O
+made VBN B-VP
+in IN B-PP
+the DT B-NP
+Far NNP I-NP
+East NNP I-NP
+. . O
+
+He PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+attach VB I-VP
+the DT B-NP
+embroidery NN I-NP
+to TO B-PP
+the DT B-NP
+backs NNS I-NP
+of IN B-PP
+mink NN B-NP
+coats NNS I-NP
+and CC I-NP
+jackets NNS I-NP
+. . O
+
+Besides IN B-PP
+adding VBG B-VP
+to TO B-PP
+sales NNS B-NP
+, , O
+leathers NNS B-NP
+also RB B-ADVP
+attract VBP B-VP
+retailers NNS B-NP
+who WP B-NP
+may MD B-VP
+buy VB I-VP
+furs NNS B-NP
+later RB B-ADVP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+Other JJ B-NP
+furriers NNS I-NP
+have VBP B-VP
+also RB I-VP
+benefited VBN I-VP
+from IN B-PP
+leathers NNS B-NP
+. . O
+
+Seymour NNP B-NP
+Schreibman NNP I-NP
+, , O
+the DT B-NP
+65-year-old JJ I-NP
+owner NN I-NP
+of IN B-PP
+Schreibman NNP B-NP
+Raphael NNP I-NP
+Furs NNP I-NP
+Inc. NNP I-NP
+, , O
+treats VBZ B-VP
+the DT B-NP
+reverse NN I-NP
+side NN I-NP
+of IN B-PP
+a DT B-NP
+Persian NNP I-NP
+lambskin NN I-NP
+to TO B-VP
+produce VB I-VP
+a DT B-NP
+reversible JJ I-NP
+fur-and-leather JJ I-NP
+garment NN I-NP
+. . O
+
+He PRP B-NP
+says VBZ B-VP
+it PRP B-NP
+accounts VBZ B-VP
+for IN B-PP
+25 CD B-NP
+% NN I-NP
+of IN B-PP
+total JJ B-NP
+sales NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Rosen NNP I-NP
+is VBZ B-VP
+also RB I-VP
+pushing VBG I-VP
+retail JJ B-NP
+sales NNS I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+he PRP B-NP
+bought VBD B-VP
+two CD B-NP
+stores NNS I-NP
+, , O
+one CD B-NP
+in IN B-PP
+Brooklyn NNP B-NP
+and CC O
+one CD B-NP
+in IN B-PP
+Queens NNP B-NP
+. . O
+
+Other JJ B-NP
+furriers NNS I-NP
+have VBP B-VP
+also RB I-VP
+placed VBN I-VP
+more JJR B-NP
+weight NN I-NP
+on IN B-PP
+retailing NN B-NP
+. . O
+
+Golden NNP B-NP
+Feldman NNP I-NP
+Furs NNP I-NP
+Inc. NNP I-NP
+began VBD B-VP
+retailing NN I-VP
+aggressively RB B-ADVP
+eight CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+and CC O
+now RB B-ADVP
+retail JJ B-NP
+sales NNS I-NP
+account NN B-VP
+for IN B-PP
+about IN B-NP
+20 CD I-NP
+% NN I-NP
+of IN B-PP
+gross JJ B-NP
+income NN I-NP
+. . O
+
+In IN B-PP
+other JJ B-NP
+moves NNS I-NP
+, , O
+Mr. NNP B-NP
+Rosen NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+bought VBD B-VP
+a DT B-NP
+truck NN I-NP
+three CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+to TO B-VP
+reach VB I-VP
+more JJR B-NP
+retailers NNS I-NP
+. . O
+
+Since IN B-PP
+then RB B-NP
+he PRP B-NP
+has VBZ B-VP
+expanded VBN I-VP
+his PRP$ B-NP
+fleet NN I-NP
+and CC O
+can MD B-VP
+now RB I-VP
+bring VB I-VP
+his PRP$ B-NP
+furs NNS I-NP
+to TO B-PP
+the DT B-NP
+front NN I-NP
+door NN I-NP
+of IN B-PP
+retailers NNS B-NP
+as IN B-ADJP
+far RB I-ADJP
+away RB I-ADJP
+as IN B-PP
+the DT B-NP
+Midwest NNP I-NP
+. . O
+
+Small JJ B-NP
+retailers NNS I-NP
+who WP B-NP
+ca MD B-VP
+n't RB I-VP
+afford VB I-VP
+to TO I-VP
+travel VB I-VP
+to TO B-PP
+his PRP$ B-NP
+New NNP I-NP
+York NNP I-NP
+showroom NN I-NP
+have VBP B-VP
+become VBN I-VP
+fair JJ B-NP
+game NN I-NP
+. . O
+
+Such JJ B-NP
+moves NNS I-NP
+have VBP B-VP
+helped VBN I-VP
+Mr. NNP B-NP
+Rosen NNP I-NP
+weather NN B-VP
+the DT B-NP
+industry NN I-NP
+slump NN I-NP
+of IN B-PP
+recent JJ B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+industry NN I-NP
+enjoyed VBD B-VP
+six CD B-NP
+prosperous JJ I-NP
+years NNS I-NP
+beginning VBG B-PP
+in IN B-PP
+1980 CD B-NP
+, , O
+but CC O
+since IN B-PP
+1986 CD B-NP
+sales NNS B-NP
+have NN B-VP
+languished VBN I-VP
+at IN B-PP
+their PRP$ B-NP
+$ $ I-NP
+1.8 CD I-NP
+billion CD I-NP
+peak NN I-NP
+. . O
+
+Large JJ B-NP
+furriers NNS I-NP
+such JJ B-PP
+as IN I-PP
+Antonovich NNP B-NP
+Inc. NNP I-NP
+, , O
+Fur NNP B-NP
+Vault NNP I-NP
+Inc. NNP I-NP
+and CC O
+Evans NNP B-NP
+Inc. NNP I-NP
+all DT O
+reported VBD B-VP
+losses NNS B-NP
+in IN B-PP
+their PRP$ B-NP
+latest JJS I-NP
+fiscal JJ I-NP
+years NNS I-NP
+. . O
+
+Aftereffects NNS B-NP
+of IN B-PP
+the DT B-NP
+1987 CD I-NP
+stock NN I-NP
+market NN I-NP
+crash NN I-NP
+head NN B-VP
+the DT B-NP
+list NN I-NP
+of IN B-PP
+reasons NNS B-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+competition NN B-NP
+has VBZ B-VP
+glutted VBN I-VP
+the DT B-NP
+market NN I-NP
+with IN B-PP
+both DT B-NP
+skins NNS I-NP
+and CC I-NP
+coats NNS I-NP
+, , O
+driving VBG B-VP
+prices NNS B-NP
+down RB B-ADVP
+. . O
+
+The DT B-NP
+animal-rights NNS I-NP
+movement NN I-NP
+has VBZ B-VP
+n't RB I-VP
+helped VBN I-VP
+sales NNS B-NP
+. . O
+
+Warm JJ B-NP
+winters NNS I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+two CD I-NP
+years NNS I-NP
+have VBP B-VP
+trimmed VBN I-VP
+demand NN B-NP
+, , O
+too RB B-ADVP
+, , O
+furriers NNS B-NP
+complain VBP B-VP
+. . O
+
+And CC O
+those DT B-NP
+who WP B-NP
+did VBD B-VP
+n't RB I-VP
+move VB I-VP
+some DT B-NP
+production NN I-NP
+overseas JJ B-ADVP
+suffer VB B-VP
+labor NN B-NP
+shortages NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+intensive JJ I-NP
+labor NN I-NP
+needed VBN B-VP
+to TO B-VP
+manufacture VB I-VP
+furs NNS B-NP
+-LCB- ( O
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+-RCB- ) O
+is VBZ B-VP
+not RB O
+as RB B-ADJP
+available JJ I-ADJP
+as IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Schreibman NNP I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+starting VBG I-VP
+overseas JJ B-NP
+production NN I-NP
+. . O
+
+But CC O
+even RB B-NP
+those DT I-NP
+who WP B-NP
+have VBP B-VP
+found VBN I-VP
+a DT B-NP
+way NN I-NP
+to TO B-VP
+cope VB I-VP
+with IN B-PP
+the DT B-NP
+imports NNS I-NP
+and CC O
+the DT B-NP
+slump NN I-NP
+, , O
+fear NN B-VP
+that IN B-SBAR
+furs NNS B-NP
+are VBP B-VP
+losing VBG I-VP
+part NN B-NP
+of IN B-PP
+their PRP$ B-NP
+allure NN I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+are VBP B-VP
+promoting VBG I-VP
+furs NNS B-NP
+in IN B-PP
+various JJ B-NP
+ways NNS I-NP
+and CC O
+taking VBG B-VP
+the DT B-NP
+glamour NN I-NP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+fur NN I-NP
+business NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Stephen NNP B-NP
+Sanders NNP I-NP
+, , O
+divisional JJ B-NP
+merchandise NN I-NP
+manager NN I-NP
+for IN B-PP
+Marshall NNP B-NP
+Field NNP I-NP
+'s POS B-NP
+department NN I-NP
+store NN I-NP
+in IN B-PP
+Chicago NNP B-NP
+. . O
+
+`` `` O
+You PRP B-NP
+ca MD B-VP
+n't RB I-VP
+make VB I-VP
+a DT B-NP
+commodity NN I-NP
+out IN B-ADVP
+of IN B-PP
+a DT B-NP
+luxury NN I-NP
+, , O
+'' '' O
+insists VBZ B-VP
+Mr. NNP B-NP
+Purnick NNP I-NP
+, , O
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+furrier NN I-NP
+. . O
+
+He PRP B-NP
+contends VBZ B-VP
+that IN B-SBAR
+chasing VBG B-VP
+consumers NNS B-NP
+with IN B-PP
+low-priced JJ B-NP
+imports NNS I-NP
+will MD B-VP
+harm VB I-VP
+the DT B-NP
+industry NN I-NP
+in IN B-PP
+the DT B-NP
+long JJ I-NP
+run NN I-NP
+by IN B-PP
+reducing VBG B-VP
+the DT B-NP
+prestige NN I-NP
+of IN B-PP
+furs NNS B-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Rosen NNP I-NP
+responds VBZ B-VP
+: : O
+`` `` O
+Whatever WDT B-NP
+people NNS B-NP
+want VBP B-VP
+to TO I-VP
+buy VB I-VP
+, , O
+I PRP B-NP
+'ll MD B-VP
+sell VB I-VP
+. . O
+
+The DT B-NP
+name NN I-NP
+of IN B-PP
+the DT B-NP
+game NN I-NP
+is VBZ B-VP
+to TO B-VP
+move VB I-VP
+goods NNS B-NP
+. . O
+
+Four CD B-NP
+workers NNS I-NP
+at IN B-PP
+GTE NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+headquarters NN I-NP
+have VBP B-VP
+been VBN I-VP
+diagnosed VBN I-VP
+as IN B-PP
+having VBG B-VP
+hepatitis NN B-NP
+, , O
+and CC O
+city NN B-NP
+health NN I-NP
+officials NNS I-NP
+are VBP B-VP
+investigating VBG I-VP
+whether IN B-SBAR
+a DT B-NP
+cafeteria NN I-NP
+worker NN I-NP
+may MD B-VP
+have VB I-VP
+exposed VBN I-VP
+hundreds NNS B-NP
+of IN B-PP
+other JJ B-NP
+GTE NNP I-NP
+employees NNS I-NP
+to TO B-PP
+the DT B-NP
+viral JJ I-NP
+infection NN I-NP
+, , O
+company NN B-NP
+and CC I-NP
+city NN I-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+four CD I-NP
+cases NNS I-NP
+were VBD B-VP
+all DT O
+reported VBD B-VP
+to TO B-PP
+GTE NNP B-NP
+'s POS B-NP
+medical JJ I-NP
+director NN I-NP
+and CC O
+state NN B-NP
+and CC I-NP
+local JJ I-NP
+health NN I-NP
+authorities NNS I-NP
+. . O
+
+GTE NNP B-NP
+shut VBD B-VP
+down RB B-PRT
+its PRP$ B-NP
+cafeteria NN I-NP
+Tuesday NNP B-NP
+afternoon NN I-NP
+after IN B-SBAR
+testing NN B-NP
+determined VBN B-VP
+that IN B-SBAR
+at IN B-NP
+least JJS I-NP
+one CD I-NP
+cafeteria NN I-NP
+worker NN I-NP
+employed VBN B-VP
+by IN B-PP
+GTE NNP B-NP
+'s POS B-NP
+private JJ I-NP
+food NN I-NP
+vending NN I-NP
+contractor NN I-NP
+, , O
+ARA NNP B-NP
+Services NNP I-NP
+Inc. NNP I-NP
+, , O
+was VBD B-VP
+suffering VBG I-VP
+from IN B-PP
+a DT B-NP
+strain NN I-NP
+of IN B-PP
+the DT B-NP
+virus NN I-NP
+, , O
+officials NNS B-NP
+said VBD B-VP
+. . O
+
+More RBR B-NP
+than IN I-NP
+700 CD I-NP
+people NNS I-NP
+work VBP B-VP
+in IN B-PP
+the DT B-NP
+GTE NNP I-NP
+building NN I-NP
+. . O
+
+The DT B-NP
+cafeteria NN I-NP
+remains VBZ B-VP
+closed VBN B-ADJP
+. . O
+
+Dr. NNP B-NP
+Andrew NNP I-NP
+McBride NNP I-NP
+, , O
+city NN B-NP
+health NN I-NP
+director NN I-NP
+, , O
+said VBD B-VP
+his PRP$ B-NP
+staff NN I-NP
+suspects VBZ B-VP
+the DT B-NP
+hepatitis NN I-NP
+, , O
+which WDT B-NP
+can MD B-VP
+be VB I-VP
+highly RB B-ADJP
+contagious JJ I-ADJP
+, , O
+was VBD B-VP
+spread NN I-VP
+by IN B-PP
+the DT B-NP
+cafeteria NN I-NP
+worker NN I-NP
+with IN B-PP
+the DT B-NP
+virus NN I-NP
+. . O
+
+The DT B-NP
+exact JJ I-NP
+strain NN I-NP
+of IN B-PP
+hepatitis NN B-NP
+that IN B-NP
+the DT B-NP
+cafeteria NN I-NP
+worker NN I-NP
+contracted VBD B-VP
+has VBZ B-VP
+n't RB I-VP
+been VBN I-VP
+determined VBN I-VP
+but CC O
+should MD B-VP
+be VB I-VP
+known VBN I-VP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+week NN I-NP
+, , O
+Dr. NNP B-NP
+McBride NNP I-NP
+said VBD B-VP
+. . O
+
+Hepatitis NNP B-NP
+A DT I-NP
+, , O
+considered VBD B-VP
+the DT B-NP
+least JJS I-NP
+dangerous JJ I-NP
+strain NN I-NP
+of IN B-PP
+the DT B-NP
+virus NN I-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+confirmed VBN I-VP
+in IN B-PP
+at IN B-NP
+least JJS I-NP
+one CD I-NP
+GTE NNP I-NP
+employee NN I-NP
+, , O
+company NN B-NP
+and CC I-NP
+city NN I-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+From IN B-PP
+a DT B-NP
+public JJ I-NP
+health NN I-NP
+point NN I-NP
+of IN B-PP
+view NN B-NP
+we PRP B-NP
+'re VBP B-VP
+relieved VBN B-ADJP
+because IN B-SBAR
+hepatitis NN B-NP
+A NNP I-NP
+is VBZ B-VP
+rarely RB B-ADVP
+life-threatening JJ B-ADJP
+, , O
+'' '' O
+said VBD B-VP
+Dr. NNP B-NP
+Frank NNP I-NP
+Provato NNP I-NP
+, , O
+GTE NNP B-NP
+'s POS B-NP
+medical JJ I-NP
+director NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+double-edged JJ I-NP
+sword NN I-NP
+though RB B-ADVP
+, , O
+because IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+also RB B-ADVP
+the DT B-NP
+most RBS I-NP
+contagious JJ I-NP
+kind NN I-NP
+of IN B-PP
+hepatitis NN B-NP
+. . O
+'' '' O
+
+GTE NNP B-NP
+officials NNS I-NP
+began VBD B-VP
+posting VBG I-VP
+warning NN B-NP
+notices NNS I-NP
+about IN B-PP
+the DT B-NP
+potential JJ I-NP
+threat NN I-NP
+to TO B-PP
+exposure NN B-NP
+Wednesday NNP B-NP
+morning NN I-NP
+at IN B-PP
+various JJ B-NP
+places NNS I-NP
+at IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+said VBD B-VP
+GTE NNP B-NP
+spokesman NN I-NP
+Thomas NNP I-NP
+Mattausch NNP I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+has VBZ B-VP
+begun VBN I-VP
+offering NN I-VP
+shots NNS B-NP
+of IN B-PP
+gamma NN B-NP
+globulin NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+diminish VB I-VP
+the DT B-NP
+flu-like JJ I-NP
+symptoms NNS I-NP
+of IN B-PP
+hepatitis NN B-NP
+A DT I-NP
+, , O
+in IN B-PP
+anyone NN B-NP
+who WP B-NP
+has VBZ B-VP
+contracted VBN I-VP
+the DT B-NP
+disease NN I-NP
+, , O
+Mr. NNP B-NP
+Mattausch NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+strongly RB I-VP
+recommending VBG I-VP
+that DT B-SBAR
+anyone NN B-NP
+who WP B-NP
+has VBZ B-VP
+eaten VBN I-VP
+in IN B-PP
+the DT B-NP
+cafeteria NN I-NP
+this DT B-NP
+month NN I-NP
+have VBP B-VP
+the DT B-NP
+shot NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Mattausch NNP I-NP
+added VBD B-VP
+, , O
+`` `` O
+and CC O
+that DT B-NP
+means VBZ B-VP
+virtually JJ B-NP
+everyone NN I-NP
+who WP B-NP
+works VBZ B-VP
+here RB B-ADVP
+. . O
+
+I PRP B-NP
+was VBD B-VP
+appalled VBN I-VP
+to TO B-VP
+read VB I-VP
+the DT B-NP
+misstatements NNS I-NP
+of IN B-PP
+facts NNS B-NP
+in IN B-PP
+your PRP$ B-NP
+Oct. NNP I-NP
+13 CD I-NP
+editorial NN I-NP
+`` `` O
+Colombia NNP B-NP
+'s POS B-NP
+Brave NNP I-NP
+Publisher NNP I-NP
+. . O
+'' '' O
+
+It PRP B-NP
+is VBZ B-VP
+the DT B-NP
+right-wing JJ I-NP
+guerrillas NNS I-NP
+who WP B-NP
+are VBP B-VP
+aligned VBN I-VP
+with IN B-PP
+the DT B-NP
+drug NN I-NP
+traffickers NNS I-NP
+, , O
+not RB O
+the DT B-NP
+left VBN I-NP
+wing NN I-NP
+. . O
+
+This DT B-NP
+information NN I-NP
+was VBD B-VP
+gleaned VBN I-VP
+from IN B-PP
+your PRP$ B-NP
+own JJ I-NP
+news NN I-NP
+stories NNS I-NP
+on IN B-PP
+the DT B-NP
+region NN I-NP
+. . O
+
+Past JJ B-NP
+Colombian JJ I-NP
+government NN I-NP
+tolerance NN I-NP
+of IN B-PP
+the DT B-NP
+`` `` I-NP
+narcotraficantes FW I-NP
+'' '' O
+was VBD B-VP
+due JJ B-ADJP
+to TO B-PP
+the DT B-NP
+drug NN I-NP
+lords NNS I-NP
+' POS B-NP
+history NN I-NP
+of IN B-PP
+wiping VBG B-VP
+out RP B-PRT
+leftists NNS B-NP
+in IN B-PP
+the DT B-NP
+hinterlands NNS I-NP
+. . O
+
+Mary NNP B-NP
+Poulin NNP I-NP
+Palo NNP B-NP
+Alto NNP I-NP
+, , O
+Calif. NNP B-NP
+
+I PRP B-NP
+suggest VBP B-VP
+that IN B-SBAR
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+-LRB- ( O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+other JJ B-NP
+U.S. NNP I-NP
+news NN I-NP
+publications NNS I-NP
+of IN B-PP
+like IN B-NP
+mind NN I-NP
+-RRB- ) O
+should MD B-VP
+put VB I-VP
+its PRP$ B-NP
+money NN I-NP
+where WRB B-ADVP
+its PRP$ B-NP
+mouth NN I-NP
+is VBZ B-VP
+: : O
+Lend VB B-VP
+computer NN B-NP
+equipment NN I-NP
+to TO B-VP
+replace VB I-VP
+that WDT B-NP
+damaged VBD B-VP
+at IN B-PP
+El NNP B-NP
+Espectador NNP I-NP
+, , O
+buy VB B-VP
+ad NN B-NP
+space NN I-NP
+, , O
+publish VB B-VP
+stories NNS B-NP
+under IN B-PP
+the DT B-NP
+bylines NNS I-NP
+of IN B-PP
+El NNP B-NP
+Espectador NNP I-NP
+journalists NNS I-NP
+. . O
+
+Perhaps RB B-ADVP
+an DT B-NP
+arrangement NN I-NP
+could MD B-VP
+be VB I-VP
+worked VBN I-VP
+out IN B-PRT
+to TO B-VP
+`` `` I-VP
+sponsor NN I-VP
+'' '' O
+El NNP B-NP
+Espectador NNP I-NP
+journalists NNS I-NP
+and CC I-NP
+staff NN I-NP
+by IN B-PP
+paying VBG B-VP
+for IN B-PP
+added VBN B-NP
+security NN I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+exclusive JJ B-NP
+stories NNS I-NP
+. . O
+
+Reward VB B-VP
+El NNP B-NP
+Espectador NNP I-NP
+'s POS B-NP
+courage NN I-NP
+with IN B-PP
+real JJ B-NP
+support NN I-NP
+. . O
+
+Douglas NNP B-NP
+B. NNP I-NP
+Evans NNP I-NP
+
+COCA-COLA NNP B-NP
+Co NNP I-NP
+. . O
+-LRB- ( O
+Atlanta NNP B-NP
+-RRB- ) O
+-- : O
+
+Anton NNP B-NP
+Amon NNP I-NP
+and CC O
+George NNP B-NP
+Gourlay NNP I-NP
+were VBD B-VP
+elected VBN I-VP
+vice NN B-NP
+presidents NNS I-NP
+of IN B-PP
+this DT B-NP
+soft-drink NN I-NP
+company NN I-NP
+. . O
+
+Mr. NNP B-NP
+Amon NNP I-NP
+, , O
+46 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+is VBZ B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+director NN I-NP
+of IN B-PP
+quality NN B-NP
+assurance NN I-NP
+; : O
+most RBS B-ADVP
+recently RB I-ADVP
+, , O
+he PRP B-NP
+served VBD B-VP
+as IN B-PP
+vice NN B-NP
+president NN I-NP
+, , O
+operations NNS B-NP
+, , O
+for IN B-PP
+Coca-Cola NNP B-NP
+Enterprises NNPS I-NP
+. . O
+
+Mr. NNP B-NP
+Gourlay NNP I-NP
+, , O
+48 CD B-NP
+, , O
+is VBZ B-VP
+manager NN B-NP
+for IN B-PP
+corporate JJ B-NP
+manufacturing NN I-NP
+operations NNS I-NP
+; : O
+he PRP B-NP
+was VBD B-VP
+assistant NN B-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+a DT B-NP
+slide NN I-NP
+in IN B-PP
+sterling NN B-NP
+, , O
+a DT B-NP
+tailspin NN I-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+, , O
+and CC O
+a DT B-NP
+string NN I-NP
+of IN B-PP
+problematic JJ B-NP
+economic JJ I-NP
+indicators NNS I-NP
+, , O
+British NNP O
+Chancellor NNP O
+of IN B-PP
+the DT B-NP
+Exchequer NNP I-NP
+Nigel NNP B-NP
+Lawson NNP I-NP
+promised VBD B-VP
+gradual JJ B-NP
+improvement NN I-NP
+in IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+economy NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+speech NN I-NP
+prepared VBN B-VP
+for IN B-PP
+delivery NN B-NP
+to TO B-PP
+London NNP B-NP
+'s POS B-NP
+financial JJ I-NP
+community NN I-NP
+, , O
+Mr. NNP B-NP
+Lawson NNP I-NP
+summed VBD B-VP
+up IN B-PRT
+current JJ B-NP
+economic JJ I-NP
+policy NN I-NP
+as IN B-PP
+a DT B-NP
+battle NN I-NP
+to TO B-VP
+wring VB I-VP
+inflation NN B-NP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+British JJ I-NP
+economy NN I-NP
+, , O
+using VBG B-VP
+high JJ B-NP
+interest NN I-NP
+rates NNS I-NP
+as IN B-PP
+`` `` O
+the DT B-NP
+essential JJ I-NP
+instrument NN I-NP
+'' '' O
+to TO B-VP
+carry VB I-VP
+out RP B-PRT
+the DT B-NP
+campaign NN I-NP
+. . O
+
+Two CD B-NP
+weeks NNS I-NP
+after IN B-PP
+boosting VBG B-VP
+base NN B-NP
+rates NNS I-NP
+to TO B-PP
+15 CD B-NP
+% NN I-NP
+, , O
+he PRP B-NP
+pledged VBD B-VP
+that IN B-SBAR
+`` `` O
+rates NNS B-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+remain VB I-VP
+high JJ B-ADJP
+for IN B-PP
+some DT B-NP
+time NN I-NP
+to TO B-VP
+come VB I-VP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Lawson NNP I-NP
+also RB B-ADVP
+made VBD B-VP
+it PRP B-NP
+clear JJ B-ADJP
+that IN B-SBAR
+he PRP B-NP
+would MD B-VP
+be VB I-VP
+watching VBG I-VP
+exchange NN B-NP
+rates NNS I-NP
+carefully RB B-ADVP
+. . O
+
+A DT B-NP
+sinking VBG I-NP
+pound NN I-NP
+makes VBZ B-VP
+imports NNS B-NP
+more RBR B-ADJP
+expensive JJ I-ADJP
+and CC O
+increases NNS B-VP
+businesses NNS B-NP
+' POS B-NP
+expectations NNS I-NP
+of IN B-PP
+future NN B-NP
+inflation NN I-NP
+, , O
+he PRP B-NP
+argued VBD B-VP
+. . O
+
+In IN B-PP
+an DT B-NP
+apparent JJ I-NP
+warning NN I-NP
+to TO B-PP
+currency NN B-NP
+traders NNS I-NP
+who WP B-NP
+have VBP B-VP
+lately RB I-VP
+been VBN I-VP
+selling VBG I-VP
+the DT B-NP
+British JJ I-NP
+currency NN I-NP
+, , O
+he PRP B-NP
+stated VBD B-VP
+that IN B-SBAR
+the DT B-NP
+exchange NN I-NP
+rates NNS I-NP
+will MD B-VP
+have VB I-VP
+a DT B-NP
+`` `` I-NP
+major JJ I-NP
+role NN I-NP
+in IN B-PP
+the DT B-NP
+assessment NN I-NP
+of IN B-PP
+monetary JJ B-NP
+conditions NNS I-NP
+. . O
+'' '' O
+
+In IN B-PP
+reaffirming VBG B-VP
+the DT B-NP
+current JJ I-NP
+monetary JJ I-NP
+policy NN I-NP
+of IN B-PP
+using VBG B-VP
+high JJ B-NP
+interest NN I-NP
+rates NNS I-NP
+to TO B-VP
+fight VB I-VP
+inflation NN B-NP
+and CC O
+shore NN B-VP
+up IN B-PRT
+the DT B-NP
+pound NN I-NP
+, , O
+Mr. NNP B-NP
+Lawson NNP I-NP
+dismissed VBD B-VP
+other JJ B-NP
+approaches NNS I-NP
+to TO B-PP
+managing VBG B-VP
+the DT B-NP
+economy NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+he PRP B-NP
+monitors VBZ B-VP
+the DT B-NP
+money-supply JJ I-NP
+figures NNS I-NP
+, , O
+but CC O
+does VBZ B-VP
+n't RB I-VP
+give VB I-VP
+them PRP B-NP
+paramount JJ B-NP
+importance NN I-NP
+, , O
+as IN B-SBAR
+some DT B-NP
+private NN I-NP
+and CC I-NP
+government NN I-NP
+economists NNS I-NP
+have VBP B-VP
+suggested VBN I-VP
+. . O
+
+Mr. NNP B-NP
+Lawson NNP I-NP
+also RB B-ADVP
+dismissed VBD B-VP
+the DT B-NP
+possibility NN B-NP
+of IN B-PP
+imposing VBG B-VP
+direct JJ B-NP
+credit NN I-NP
+controls NNS I-NP
+on IN B-PP
+Britain NNP B-NP
+'s POS B-NP
+financial JJ I-NP
+system NN I-NP
+. . O
+
+Mr. NNP B-NP
+Lawson NNP I-NP
+'s POS B-NP
+speech NN I-NP
+, , O
+delivered VBN B-VP
+at IN B-PP
+the DT B-NP
+Lord NNP I-NP
+Mayor NNP I-NP
+of IN B-PP
+London NNP B-NP
+'s POS B-NP
+annual JJ I-NP
+dinner NN I-NP
+at IN B-PP
+Mansion NNP B-NP
+House NNP I-NP
+, , O
+came VBD B-VP
+on IN B-PP
+the DT B-NP
+heels NNS I-NP
+of IN B-PP
+a DT B-NP
+grueling JJ I-NP
+period NN I-NP
+for IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+economy NN I-NP
+. . O
+
+Two CD B-NP
+weeks NNS I-NP
+ago RB B-ADVP
+, , O
+in IN B-PP
+a DT B-NP
+campaign NN I-NP
+to TO B-VP
+blunt VB I-VP
+inflation NN B-NP
+at IN B-PP
+home NN B-NP
+and CC O
+arrest VB B-VP
+a DT B-NP
+world-wide JJ I-NP
+plunge NN I-NP
+in IN B-PP
+the DT B-NP
+pound NN I-NP
+, , O
+he PRP B-NP
+raised VBD B-VP
+base NN B-NP
+rates VBZ I-NP
+a DT B-NP
+full JJ I-NP
+percentage NN I-NP
+point NN I-NP
+to TO B-PP
+15 CD B-NP
+% NN I-NP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+increase NN I-NP
+, , O
+the DT B-NP
+British JJ I-NP
+currency NN I-NP
+slid VBD B-VP
+below IN B-PP
+a DT B-NP
+perceived VBN I-NP
+threshold NN I-NP
+of IN B-PP
+three CD B-NP
+marks NNS I-NP
+early JJ B-NP
+last JJ I-NP
+week NN I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+quoted VBN I-VP
+at IN B-PP
+2.9428 CD B-NP
+marks NNS I-NP
+in IN B-PP
+late JJ B-NP
+New NNP I-NP
+York NNP I-NP
+trading NN I-NP
+Wednesday NNP B-NP
+. . O
+
+Leading VBG B-VP
+up IN B-ADVP
+to TO B-PP
+the DT B-NP
+speech NN I-NP
+was VBD B-VP
+a DT B-NP
+drumroll NN I-NP
+of IN B-PP
+economic JJ B-NP
+statistics NNS I-NP
+suggesting VBG B-VP
+that IN B-SBAR
+the DT B-NP
+British JJ I-NP
+war NN I-NP
+on IN B-PP
+inflation NN B-NP
+will MD B-VP
+be VB I-VP
+more RBR B-ADJP
+bruising JJ I-ADJP
+than IN B-SBAR
+previously RB B-ADVP
+assumed VBN B-VP
+. . O
+
+Unemployment NN B-NP
+in IN B-PP
+September NNP B-NP
+dropped VBD B-VP
+to TO B-PP
+1,695,000 CD B-NP
+, , O
+the DT B-NP
+lowest JJS I-NP
+level NN I-NP
+since IN B-PP
+1980 CD B-NP
+. . O
+
+While IN B-SBAR
+lower JJR B-NP
+joblessness NN I-NP
+is VBZ B-VP
+generally RB B-ADVP
+good JJ B-NP
+news NN I-NP
+, , O
+the DT B-NP
+hefty JJ I-NP
+drop NN I-NP
+last JJ B-NP
+month NN I-NP
+indicates VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+economy NN I-NP
+is VBZ B-VP
+n't RB I-VP
+slowing VBG I-VP
+down RB B-PRT
+as RB B-ADVP
+much JJ I-ADVP
+as IN B-SBAR
+hoped VBN B-VP
+-- : O
+despite IN B-PP
+a DT B-NP
+doubling NN I-NP
+of IN B-PP
+interest NN B-NP
+rates NNS I-NP
+over IN B-PP
+the DT B-NP
+last JJ I-NP
+16 CD I-NP
+months NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+average JJ B-NP
+earnings NNS I-NP
+in IN B-PP
+Britain NNP B-NP
+were VBD B-VP
+up IN B-ADVP
+8.75 CD B-NP
+% NN I-NP
+in IN B-PP
+August NNP B-NP
+over IN B-PP
+the DT B-NP
+previous JJ I-NP
+year NN I-NP
+. . O
+
+Another DT B-NP
+inflationary JJ I-NP
+sign NN I-NP
+came VBD B-VP
+in IN B-PP
+a DT B-NP
+surge NN I-NP
+in IN B-PP
+building-society JJ B-NP
+lending NN I-NP
+to TO B-PP
+a DT B-NP
+record NN I-NP
+# # I-NP
+10.2 CD I-NP
+billion CD I-NP
+-LRB- ( O
+$ $ B-NP
+16.22 CD I-NP
+billion CD I-NP
+-RRB- ) O
+last JJ B-NP
+month NN I-NP
+, , O
+a DT B-NP
+much RB I-NP
+higher JJR I-NP
+level NN I-NP
+than IN B-SBAR
+economists NNS B-NP
+had VBD B-VP
+predicted VBN I-VP
+. . O
+
+In IN B-PP
+a DT B-NP
+separate JJ I-NP
+speech NN I-NP
+prepared VBN B-VP
+for IN B-PP
+delivery NN B-NP
+at IN B-PP
+the DT B-NP
+dinner NN I-NP
+, , O
+Robin NNP B-NP
+Leigh-Pemberton NNP I-NP
+, , O
+Bank NNP O
+of IN B-PP
+England NNP B-NP
+governor NN B-NP
+, , O
+conceded VBD B-VP
+that IN B-SBAR
+`` `` O
+demand NN B-NP
+pressures NNS I-NP
+were VBD B-VP
+even RB B-ADJP
+more RBR I-ADJP
+buoyant JJ I-ADJP
+than IN B-SBAR
+had VBN B-VP
+been VBN I-VP
+appreciated VBN I-VP
+'' '' O
+when WRB B-ADVP
+the DT B-NP
+British JJ I-NP
+economy NN I-NP
+was VBD B-VP
+heating VBG I-VP
+up IN B-PRT
+last JJ B-NP
+year NN I-NP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+`` `` O
+there EX B-NP
+'s VBZ B-VP
+no DT B-NP
+quick-fix JJ I-NP
+solution NN I-NP
+'' '' O
+to TO B-PP
+the DT B-NP
+economic JJ I-NP
+woes NNS I-NP
+, , O
+and CC O
+said VBD B-VP
+`` `` O
+tight JJ B-NP
+monetary JJ I-NP
+policy NN I-NP
+is VBZ B-VP
+the DT B-NP
+right JJ I-NP
+approach NN I-NP
+. . O
+'' '' O
+
+Discussing VBG B-VP
+the DT B-NP
+recent JJ I-NP
+slide NN I-NP
+in IN B-PP
+stock NN B-NP
+prices NNS I-NP
+, , O
+the DT B-NP
+central JJ I-NP
+bank NN I-NP
+governor NN I-NP
+stated VBN B-VP
+that IN B-SBAR
+`` `` O
+the DT B-NP
+markets NNS I-NP
+now RB B-ADVP
+appear VBP B-VP
+to TO I-VP
+have VB I-VP
+steadied VBN I-VP
+'' '' O
+after IN B-PP
+the DT B-NP
+`` `` I-NP
+nasty JJ I-NP
+jolt NN I-NP
+'' '' O
+of IN B-PP
+the DT B-NP
+190.58-point JJ I-NP
+plunge NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+a DT B-NP
+week NN I-NP
+ago RB B-ADVP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+market NN I-NP
+plunge NN I-NP
+prompted VBD B-VP
+a DT B-NP
+70.5-point JJ I-NP
+drop NN I-NP
+in IN B-PP
+the DT B-NP
+London NNP I-NP
+Financial NNP I-NP
+Times-Stock NNP I-NP
+Exchange NNP I-NP
+100 CD I-NP
+Share NNP I-NP
+Index NNP I-NP
+, , O
+Mr. NNP B-NP
+Leigh-Pemberton NNP I-NP
+declared VBD B-VP
+`` `` O
+that IN B-SBAR
+the DT B-NP
+experience NN I-NP
+owed VBD B-VP
+nothing NN B-NP
+to TO B-PP
+the DT B-NP
+particular JJ I-NP
+problems NNS I-NP
+of IN B-PP
+the DT B-NP
+British JJ I-NP
+economy NN I-NP
+. . O
+'' '' O
+
+Specifically RB B-ADVP
+, , O
+he PRP B-NP
+pointed VBD B-VP
+out IN B-PRT
+that DT B-SBAR
+compared VBD B-PP
+with IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+market NN I-NP
+, , O
+the DT B-NP
+U.K. NNP I-NP
+has VBZ B-VP
+far RB B-NP
+fewer RBR I-NP
+highly RB I-NP
+leveraged JJ I-NP
+junk-bond NN I-NP
+financings NNS I-NP
+. . O
+
+Discussing VBG B-VP
+future NN B-NP
+monetary JJ I-NP
+arrangements NNS I-NP
+, , O
+Mr. NNP B-NP
+Lawson NNP I-NP
+repeated VBD B-VP
+the DT B-NP
+Thatcher NNP I-NP
+government NN I-NP
+'s POS B-NP
+commitment NN I-NP
+to TO B-VP
+join VB I-VP
+the DT B-NP
+exchange NN I-NP
+rate NN I-NP
+mechanism NN I-NP
+of IN B-PP
+the DT B-NP
+European NNP I-NP
+Monetary NNP I-NP
+System NNP I-NP
+, , O
+but CC O
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+indicate VB I-VP
+when WRB O
+. . O
+
+Ing NNP O
+. . O
+
+C. NNP B-NP
+Olivetti NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+claiming VBG B-VP
+it PRP B-NP
+has VBZ B-VP
+won VBN I-VP
+the DT B-NP
+race NN I-NP
+in IN B-PP
+Europe NNP B-NP
+to TO B-VP
+introduce VB I-VP
+computers NNS B-NP
+based VBN B-PP
+on IN B-PP
+a DT B-NP
+powerful JJ I-NP
+new JJ I-NP
+microprocessor NN I-NP
+chip NN I-NP
+, , O
+unveiled VBD B-VP
+its PRP$ B-NP
+CP486 NNP I-NP
+computer NN I-NP
+yesterday NN B-NP
+. . O
+
+The DT B-NP
+product NN I-NP
+is VBZ B-VP
+the DT B-NP
+first JJ I-NP
+from IN B-PP
+a DT B-NP
+European JJ I-NP
+company NN I-NP
+based VBN B-PP
+on IN B-PP
+Intel NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+new JJ I-NP
+32-bit JJ I-NP
+486tm JJ I-NP
+microprocessor NN I-NP
+, , O
+which WDT B-NP
+works VBZ B-VP
+several JJ B-ADVP
+times NNS I-ADVP
+faster RBR I-ADVP
+than IN B-PP
+previously RB B-NP
+available JJ I-NP
+chips NNS I-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+Co. NNP I-NP
+became VBD B-VP
+the DT B-NP
+first JJ I-NP
+company NN I-NP
+world-wide JJ B-ADVP
+to TO B-VP
+announce VB I-VP
+a DT B-NP
+product NN I-NP
+based VBN B-PP
+on IN B-PP
+the DT B-NP
+chip NN I-NP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+, , O
+but CC O
+it PRP B-NP
+wo MD B-VP
+n't RB I-VP
+start VB I-VP
+shipping VBG I-VP
+the DT B-NP
+computers NNS I-NP
+until IN B-PP
+early JJ B-NP
+next JJ I-NP
+year NN I-NP
+. . O
+
+An DT B-NP
+Olivetti NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+factories NNS I-NP
+are VBP B-VP
+already RB I-VP
+beginning VBG I-VP
+to TO I-VP
+produce VB I-VP
+the DT B-NP
+machine NN I-NP
+, , O
+and CC O
+that IN B-SBAR
+it PRP B-NP
+should MD B-VP
+be VB I-VP
+available JJ B-ADJP
+in IN B-PP
+Europe NNP B-NP
+by IN B-PP
+December NNP B-NP
+. . O
+
+`` `` O
+What WP B-NP
+this DT B-NP
+means VBZ B-VP
+is VBZ B-VP
+that IN B-SBAR
+Europeans NNPS B-NP
+will MD B-VP
+have VB I-VP
+these DT B-NP
+machines NNS I-NP
+in IN B-PP
+their PRP$ B-NP
+offices NNS I-NP
+before IN O
+Americans NNPS B-NP
+do VBP B-VP
+, , O
+'' '' O
+the DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+new JJ I-NP
+chip NN I-NP
+`` `` O
+is VBZ B-VP
+a DT B-NP
+very RB I-NP
+big JJ I-NP
+step NN I-NP
+in IN B-PP
+computing VBG B-NP
+, , O
+and CC O
+it PRP B-NP
+is VBZ B-VP
+important JJ B-ADJP
+that WDT B-SBAR
+Olivetti NNP B-NP
+be VB B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+first JJ I-NP
+out IN B-ADJP
+on IN B-PP
+the DT B-NP
+market NN I-NP
+with IN B-PP
+this DT B-NP
+product NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Patricia NNP B-NP
+Meagher NNP I-NP
+Davis NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+James NNP B-NP
+Capel NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+in IN B-PP
+London NNP B-NP
+. . O
+
+Executives NNS B-NP
+at IN B-PP
+Olivetti NNP B-NP
+, , O
+whose WP$ B-NP
+earnings NNS I-NP
+have NN B-VP
+been VBN I-VP
+steadily RB I-VP
+sliding VBG I-VP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+couple NN I-NP
+of IN B-PP
+years NNS B-NP
+, , O
+have VBP B-VP
+acknowledged VBN I-VP
+that IN B-SBAR
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+they PRP B-NP
+have VBP B-VP
+lagged VBN I-VP
+at IN B-PP
+getting VBG B-VP
+new JJ B-NP
+technology NN I-NP
+to TO B-PP
+market VB B-NP
+. . O
+
+Ms. NNP B-NP
+Davis NNP I-NP
+said VBD B-VP
+the DT B-NP
+new JJ I-NP
+machines NNS I-NP
+could MD B-VP
+steal VB I-VP
+some DT B-NP
+sales NNS I-NP
+away RB B-ADVP
+from IN B-PP
+Olivetti NNP B-NP
+'s POS B-NP
+own JJ I-NP
+minicomputers NNS I-NP
+, , O
+but CC O
+would MD B-VP
+bring VB I-VP
+new JJ B-NP
+sales NNS I-NP
+among IN B-PP
+professionals NNS B-NP
+such JJ B-PP
+as IN I-PP
+engineers NNS B-NP
+, , O
+stockbrokers NNS B-NP
+and CC O
+medical JJ B-NP
+doctors NNS I-NP
+. . O
+
+Although IN B-SBAR
+Olivetti NNP B-NP
+'s POS B-NP
+profits NNS I-NP
+tumbled VBD B-VP
+40 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+, , O
+she PRP B-NP
+believes VBZ B-VP
+Olivetti NNP B-NP
+'s POS B-NP
+restructuring NN I-NP
+last JJ B-NP
+fall NN I-NP
+and CC O
+its PRP$ B-NP
+introduction NN I-NP
+of IN B-PP
+new JJ B-NP
+products NNS I-NP
+will MD B-VP
+begin VB I-VP
+to TO I-VP
+bear VB I-VP
+fruit NN B-NP
+with IN B-PP
+an DT B-NP
+earnings NNS I-NP
+rebound NN I-NP
+next JJ B-NP
+year NN I-NP
+, , O
+especially RB B-ADVP
+if IN B-SBAR
+it PRP B-NP
+can MD B-VP
+fulfill VB I-VP
+its PRP$ B-NP
+promise NN I-NP
+to TO B-VP
+deliver VB I-VP
+the DT B-NP
+new JJ I-NP
+machines NNS I-NP
+by IN B-PP
+December NNP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+think VBP B-VP
+the DT B-NP
+worst JJS I-NP
+is VBZ B-VP
+over IN B-ADVP
+'' '' O
+in IN B-PP
+the DT B-NP
+European JJ I-NP
+information-technology JJ I-NP
+market NN I-NP
+, , O
+she PRP B-NP
+said VBD B-VP
+. . O
+
+Depending VBG B-PP
+on IN B-PP
+the DT B-NP
+type NN I-NP
+of IN B-PP
+software NN B-NP
+and CC I-NP
+peripherals NNS I-NP
+used VBN B-VP
+, , O
+the DT B-NP
+machines NNS I-NP
+can MD B-VP
+serve VB I-VP
+either DT O
+as IN B-PP
+the DT B-NP
+main JJ I-NP
+computer NN I-NP
+in IN B-PP
+a DT B-NP
+network NN I-NP
+of IN B-PP
+many JJ B-NP
+terminals NNS I-NP
+-LRB- ( O
+a DT B-NP
+role NN I-NP
+usually RB B-VP
+filled VBD I-VP
+by IN B-PP
+a DT B-NP
+minicomputer NN I-NP
+-RRB- ) O
+, , O
+as IN B-PP
+a DT B-NP
+technical JJ I-NP
+workstation NN I-NP
+or CC B-PP
+as IN B-PP
+a DT B-NP
+very RB I-NP
+fast RB I-NP
+personal JJ I-NP
+computer NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+the DT B-NP
+missing VBG I-NP
+link NN I-NP
+'' '' O
+in IN B-PP
+Olivetti NNP B-NP
+'s POS B-NP
+product NN I-NP
+line NN I-NP
+between IN B-PP
+small JJ B-NP
+personal JJ I-NP
+computers NNS I-NP
+and CC O
+higher-priced JJ B-NP
+minicomputers NNS I-NP
+, , O
+the DT B-NP
+Olivetti NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+Olivetti NNP B-NP
+will MD B-VP
+continue VB I-VP
+making VBG I-VP
+its PRP$ B-NP
+LSX NNP I-NP
+minicomputer NN I-NP
+line NN I-NP
+. . O
+
+The DT B-NP
+machines NNS I-NP
+will MD B-VP
+cost VB I-VP
+around IN B-NP
+$ $ I-NP
+16,250 CD I-NP
+on IN B-PP
+average JJ B-NP
+in IN B-PP
+Europe NNP B-NP
+. . O
+
+The DT B-NP
+Intel NNP I-NP
+486 CD I-NP
+chip NN I-NP
+can MD B-VP
+process VB I-VP
+15 CD B-NP
+million CD I-NP
+instructions NNS I-NP
+per IN B-PP
+second JJ B-NP
+, , O
+or CC O
+MIPS NNP B-NP
+, , O
+while IN B-SBAR
+Intel NNP B-NP
+'s POS B-NP
+previous JJ I-NP
+386 CD I-NP
+chip NN I-NP
+could MD B-VP
+handle VB I-VP
+only RB B-NP
+3 CD I-NP
+to TO I-NP
+6 CD I-NP
+MIPS NNP I-NP
+. . O
+
+Olivetti NNP B-NP
+also RB B-ADVP
+plans VBZ B-VP
+to TO I-VP
+sell VB I-VP
+the DT B-NP
+CP486 NNP I-NP
+computer NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+starting VBG B-PP
+next JJ B-NP
+year NN I-NP
+through IN B-PP
+Olivetti NNP B-NP
+USA NNP I-NP
+and CC B-PP
+through IN B-PP
+its PRP$ B-NP
+ISC\/Bunker NNP I-NP
+Ramo NNP I-NP
+unit NN I-NP
+, , O
+which WDT B-NP
+specializes VBZ B-VP
+in IN B-PP
+automating VBG B-VP
+bank-branch JJ B-NP
+networks NNS I-NP
+. . O
+
+Viatech NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+received VBD B-VP
+approval NN B-NP
+from IN B-PP
+the DT B-NP
+French JJ I-NP
+government NN I-NP
+for IN B-PP
+its PRP$ B-NP
+proposed VBN I-NP
+$ $ I-NP
+44.7 CD I-NP
+million CD I-NP
+acquisition NN I-NP
+of IN B-PP
+Ferembal NNP B-NP
+S.A NNP I-NP
+. . O
+
+The DT B-NP
+approval NN I-NP
+satisfies VBZ B-VP
+the DT B-NP
+remaining VBG I-NP
+conditions NNS I-NP
+of IN B-PP
+the DT B-NP
+purchase NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+close VB I-VP
+within IN B-PP
+two CD B-NP
+weeks NNS I-NP
+. . O
+
+erembal NNP B-NP
+, , O
+the DT B-NP
+second-largest JJ I-NP
+maker NN I-NP
+of IN B-PP
+food NN B-NP
+cans NNS I-NP
+in IN B-PP
+France NNP B-NP
+, , O
+had VBD B-VP
+1988 CD B-NP
+sales NNS I-NP
+of IN B-PP
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+. . O
+
+Ferembal NNP B-NP
+has VBZ B-VP
+930 CD B-NP
+workers NNS I-NP
+at IN B-PP
+four CD B-NP
+canning NN I-NP
+manufacturing NN I-NP
+plants NNS I-NP
+and CC O
+one CD B-NP
+plastic NN I-NP
+container NN I-NP
+facility NN I-NP
+. . O
+
+Viatech NNP B-NP
+makes VBZ B-VP
+flexible JJ B-NP
+packaging NN I-NP
+films NNS I-NP
+and CC O
+machinery NN B-NP
+, , O
+and CC O
+materials NNS B-NP
+for IN B-PP
+the DT B-NP
+food NN I-NP
+and CC I-NP
+pharmaceutical JJ I-NP
+industries NNS I-NP
+. . O
+
+Social NNP B-NP
+Security NNP I-NP
+benefits NNS I-NP
+will MD B-VP
+rise VB I-VP
+4.7 CD B-NP
+% NN I-NP
+next JJ B-NP
+year NN I-NP
+to TO B-VP
+keep VB I-VP
+pace NN B-NP
+with IN B-PP
+inflation NN B-NP
+, , O
+boosting VBG B-VP
+the DT B-NP
+average JJ I-NP
+monthly JJ I-NP
+benefit NN I-NP
+to TO B-PP
+$ $ B-NP
+566 CD I-NP
+from IN B-PP
+$ $ B-NP
+541 CD I-NP
+, , O
+the DT B-NP
+Department NNP I-NP
+of IN B-PP
+Health NNP B-NP
+and CC O
+Human NNP B-NP
+Services NNP I-NP
+announced VBD B-VP
+. . O
+
+The DT B-NP
+higher JJR I-NP
+payments NNS I-NP
+will MD B-VP
+start VB I-VP
+with IN B-PP
+Social NNP B-NP
+Security NNP I-NP
+checks NNS I-NP
+received VBD B-VP
+on IN B-PP
+Jan. NNP B-NP
+3 CD I-NP
+, , I-NP
+1990 CD I-NP
+. . O
+
+Supplemental NNP B-NP
+Security NNP I-NP
+Income NNP I-NP
+payments NNS I-NP
+to TO B-PP
+the DT B-NP
+disabled JJ I-NP
+also RB B-ADVP
+will MD B-VP
+rise VB I-VP
+4.7 CD B-NP
+% NN I-NP
+, , O
+starting VBG B-PP
+with IN B-PP
+checks NNS B-NP
+received VBD B-VP
+on IN B-PP
+Dec. NNP B-NP
+29 CD I-NP
+, , I-NP
+1988 CD I-NP
+, , O
+increasing VBG B-VP
+the DT B-NP
+maximum JJ I-NP
+SSI NNP I-NP
+payment NN I-NP
+to TO B-PP
+$ $ B-NP
+386 CD I-NP
+from IN B-PP
+$ $ B-NP
+368 CD I-NP
+a DT B-NP
+month NN I-NP
+. . O
+
+The DT B-NP
+inflation NN I-NP
+adjustment NN I-NP
+also RB B-ADVP
+means VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+maximum JJ I-NP
+annual JJ I-NP
+level NN I-NP
+of IN B-PP
+earnings NNS B-NP
+subject NN B-ADJP
+to TO B-PP
+the DT B-NP
+wage NN I-NP
+tax NN I-NP
+that WDT B-NP
+generates VBZ B-VP
+revenue NN B-NP
+for IN B-PP
+the DT B-NP
+Social NNP I-NP
+Security NNP I-NP
+trust NN I-NP
+fund NN I-NP
+will MD B-VP
+rise VB I-VP
+to TO B-PP
+$ $ B-NP
+50,400 CD I-NP
+in IN B-PP
+1990 CD B-NP
+from IN B-PP
+$ $ B-NP
+48,000 CD I-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+As IN B-SBAR
+mandated VBN B-VP
+by IN B-PP
+law NN B-NP
+, , O
+the DT B-NP
+tax NN I-NP
+rate NN I-NP
+will MD B-VP
+rise VB I-VP
+to TO B-PP
+7.65 CD B-NP
+% NN I-NP
+in IN B-PP
+1990 CD B-NP
+from IN B-PP
+7.51 CD B-NP
+% NN I-NP
+and CC O
+wo MD B-VP
+n't RB I-VP
+rise VB I-VP
+any DT B-ADVP
+further JJ I-ADVP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+. . O
+
+This DT B-NP
+means VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+maximum JJ I-NP
+yearly JJ I-NP
+Social NNP I-NP
+Security NNP I-NP
+tax NN I-NP
+paid VBN B-VP
+by IN B-PP
+workers NNS B-NP
+and CC I-NP
+employers NNS I-NP
+each DT I-NP
+will MD B-VP
+rise VB I-VP
+$ $ B-NP
+250.80 CD I-NP
+next JJ B-NP
+year NN I-NP
+to TO B-PP
+$ $ B-NP
+3,855.60 CD I-NP
+. . O
+
+Beneficiaries NNS B-NP
+aged VBN B-ADJP
+65 CD B-NP
+through IN I-NP
+69 CD I-NP
+will MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+earn VB I-VP
+$ $ B-NP
+9,360 CD I-NP
+without IN B-PP
+losing VBG B-VP
+any DT B-NP
+Social NNP I-NP
+Security NNP I-NP
+benefits NNS I-NP
+in IN B-PP
+1990 CD B-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+8,880 CD I-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+exempt JJ I-NP
+amount NN I-NP
+for IN B-PP
+beneficiaries NNS B-NP
+under IN B-PP
+65 CD B-NP
+will MD B-VP
+rise VB I-VP
+to TO B-PP
+$ $ B-NP
+6,840 CD I-NP
+from IN B-PP
+$ $ B-NP
+6,480 CD I-NP
+. . O
+
+The DT B-NP
+adjustments NNS I-NP
+reflect VBP B-VP
+the DT B-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+for IN B-PP
+urban JJ B-NP
+wage NN I-NP
+earners NNS I-NP
+and CC O
+clerical JJ B-NP
+workers NNS I-NP
+from IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+of IN B-PP
+last JJ B-NP
+year NN I-NP
+to TO B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+. . O
+
+Health-care JJ B-NP
+companies NNS I-NP
+should MD B-VP
+get VB I-VP
+healthier JJR B-ADJP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+Medical-supply JJ B-NP
+houses NNS I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+report VB I-VP
+earnings NNS B-NP
+increases NNS I-NP
+of IN B-PP
+about IN B-NP
+15 CD I-NP
+% NN I-NP
+on IN B-PP
+average JJ B-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+despite IN B-PP
+sales NNS B-NP
+increases NNS I-NP
+of IN B-PP
+less JJR B-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+, , O
+analysts NNS B-NP
+say VBP B-VP
+. . O
+
+To TO B-VP
+offset VB I-VP
+sluggish JJ B-NP
+sales NNS I-NP
+growth NN I-NP
+, , O
+companies NNS B-NP
+have VBP B-VP
+been VBN I-VP
+cutting VBG I-VP
+staff NN B-NP
+, , O
+mostly RB B-ADVP
+through IN B-PP
+attrition NN B-NP
+, , O
+and CC O
+slowing VBG B-VP
+the DT B-NP
+growth NN I-NP
+in IN B-PP
+research NN B-NP
+and CC I-NP
+development NN I-NP
+spending NN I-NP
+. . O
+
+Sales NNS B-NP
+growth NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+was VBD B-VP
+slowed VBN I-VP
+by IN B-PP
+mounting VBG B-NP
+pressure NN I-NP
+from IN B-PP
+groups NNS B-NP
+of IN B-PP
+buyers NNS B-NP
+, , O
+such JJ B-PP
+as IN I-PP
+hospitals NNS B-NP
+, , O
+to TO B-VP
+hold VB I-VP
+down RB B-PRT
+prices VBZ B-NP
+. . O
+
+Suppliers NNS B-NP
+were VBD B-VP
+also RB I-VP
+hurt VBN I-VP
+by IN B-PP
+the DT B-NP
+stronger JJR I-NP
+U.S. NNP I-NP
+dollar NN I-NP
+, , O
+which WDT B-NP
+makes VBZ B-VP
+sales NNS B-NP
+abroad RB B-ADVP
+more RBR B-ADJP
+difficult JJ I-ADJP
+. . O
+
+In IN B-PP
+some DT B-NP
+cases NNS I-NP
+, , O
+competition NN B-NP
+has VBZ B-VP
+squeezed VBN I-VP
+margins NNS B-NP
+. . O
+
+Becton NNP B-NP
+, , I-NP
+Dickinson NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+faces VBZ B-VP
+stiff JJ B-NP
+competition NN I-NP
+from IN B-PP
+a DT B-NP
+Japanese JJ I-NP
+supplier NN I-NP
+in IN B-PP
+the DT B-NP
+important JJ I-NP
+syringe NN I-NP
+market NN I-NP
+. . O
+
+The DT B-NP
+Franklin NNP I-NP
+Lakes NNPS I-NP
+, , I-NP
+N.J. NNP I-NP
+, , I-NP
+company NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+report VB I-VP
+sales NNS B-NP
+growth NN I-NP
+of IN B-PP
+only JJ B-NP
+5 NN I-NP
+% NN I-NP
+to TO I-NP
+6 CD I-NP
+% NN I-NP
+, , O
+but CC O
+should MD B-VP
+still RB I-VP
+maintain VB I-VP
+earnings NNS B-NP
+growth NN I-NP
+of IN B-PP
+10 CD B-NP
+% NN I-NP
+, , O
+says VBZ B-VP
+Jerry NNP B-NP
+E. NNP I-NP
+Fuller NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Duff NNP B-NP
+& CC I-NP
+Phelps NNP I-NP
+Inc NNP I-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+first JJ I-NP
+of IN B-PP
+the DT B-NP
+group NN I-NP
+to TO B-VP
+post VB I-VP
+results NNS B-NP
+, , O
+Abbott NNP B-NP
+Laboratories NNPS I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+jumped VBD B-VP
+14 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+196 CD I-NP
+million CD I-NP
+, , O
+or CC O
+88 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+172 CD I-NP
+million CD I-NP
+, , O
+or CC O
+76 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Abbott NNP B-NP
+Park NNP I-NP
+, , O
+Ill. NNP B-NP
+, , O
+rose VBD B-VP
+8.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.31 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.21 CD I-NP
+billion CD I-NP
+. . O
+
+Baxter NNP B-NP
+International NNP I-NP
+Inc. NNP I-NP
+yesterday NN B-NP
+reported VBD B-VP
+net NN B-NP
+climbed VBD B-VP
+20 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+period NN I-NP
+to TO B-PP
+$ $ B-NP
+102 CD I-NP
+million CD I-NP
+, , O
+or CC O
+34 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+85 CD I-NP
+million CD I-NP
+, , O
+or CC O
+28 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+for IN B-PP
+the DT B-NP
+Deerfield NNP I-NP
+, , I-NP
+Ill. NNP I-NP
+, , I-NP
+company NN I-NP
+rose VBD B-VP
+5.8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.81 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.71 CD I-NP
+billion CD I-NP
+. . O
+
+But CC O
+not RB B-NP
+every DT I-NP
+company NN I-NP
+expects VBZ B-VP
+to TO I-VP
+report VB I-VP
+increased VBN B-NP
+earnings NNS I-NP
+. . O
+
+C.R. NNP B-NP
+Bard NNP I-NP
+Inc. NNP I-NP
+yesterday NN B-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net NN I-NP
+plunged VBD B-VP
+51 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+9.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+18 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+20 CD I-NP
+million CD I-NP
+, , O
+or CC O
+35 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+fell VBD B-VP
+1.2 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+190.1 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+192.5 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+Murray NNP I-NP
+Hill NNP I-NP
+, , I-NP
+N.J. NNP I-NP
+, , I-NP
+company NN I-NP
+said VBD B-VP
+full-year JJ B-NP
+earnings NNS I-NP
+may MD B-VP
+be VB I-VP
+off IN B-ADVP
+33 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+because IN B-SBAR
+the DT B-NP
+company NN I-NP
+removed VBD B-VP
+a DT B-NP
+catheter NN I-NP
+from IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+In IN B-PP
+1988 CD B-NP
+, , O
+the DT B-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+1.38 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+Food NNP I-NP
+and CC I-NP
+Drug NNP I-NP
+Administration NNP I-NP
+had VBD B-VP
+raised VBN I-VP
+questions NNS B-NP
+about IN B-PP
+the DT B-NP
+device NN I-NP
+'s POS B-NP
+design NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+add VBP B-VP
+that IN B-SBAR
+third-party JJ B-NP
+pressures NNS I-NP
+to TO B-VP
+reduce VB I-VP
+health NN B-NP
+costs NNS I-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+bedevil VB I-VP
+companies NNS B-NP
+' POS B-NP
+bottom NN I-NP
+lines NNS I-NP
+. . O
+
+Takeover NN B-NP
+speculation NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+buoying VBG I-VP
+stocks NNS B-NP
+of IN B-PP
+supply NN B-NP
+houses NNS I-NP
+, , O
+may MD B-VP
+also RB I-VP
+ease VB I-VP
+, , O
+says VBZ B-VP
+Peter NNP B-NP
+Sidoti NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc NNP I-NP
+. . O
+
+`` `` O
+As IN B-SBAR
+that DT B-NP
+wanes VBZ B-VP
+, , O
+you PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+see VB I-VP
+the DT B-NP
+stocks NNS I-NP
+probably RB B-ADVP
+wane VBP B-VP
+as IN B-ADVP
+well RB I-ADVP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Hospitals NNS B-NP
+companies NNS I-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+are VBP B-VP
+reporting VBG I-VP
+improved VBN B-NP
+earnings NNS I-NP
+. . O
+
+Bolstered VBN B-VP
+by IN B-PP
+strong JJ B-NP
+performances NNS I-NP
+by IN B-PP
+its PRP$ B-NP
+psychiatric JJ I-NP
+hospitals NNS I-NP
+, , O
+National NNP B-NP
+Medical NNP I-NP
+Enterprises NNPS I-NP
+Inc. NNP I-NP
+, , O
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+reported VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+50 CD I-NP
+million CD I-NP
+, , O
+or CC O
+65 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+quarter NN I-NP
+ended VBN B-VP
+Aug. NNP B-NP
+31 CD I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+41 CD I-NP
+million CD I-NP
+, , O
+or CC O
+56 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Humana NNP B-NP
+Inc. NNP I-NP
+, , O
+Louisville NNP B-NP
+, , O
+Ky. NNP B-NP
+, , O
+also RB B-ADVP
+reported VBD B-VP
+favorable JJ B-NP
+results NNS I-NP
+, , O
+with IN B-PP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+66.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+66 CD B-NP
+cents NNS I-NP
+, , O
+in IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+ended VBN B-VP
+Aug. NNP B-NP
+31 CD I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+58.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+59 CD B-NP
+cents NNS I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Analysts NNS B-NP
+say VBP B-VP
+the DT B-NP
+handful NN I-NP
+of IN B-PP
+hospital NN B-NP
+companies NNS I-NP
+that WDT B-NP
+are VBP B-VP
+still RB I-VP
+publicly RB I-VP
+traded VBN I-VP
+are VBP B-VP
+benefiting VBG I-VP
+from IN B-PP
+several JJ B-NP
+trends NNS I-NP
+. . O
+
+Most JJS B-ADJP
+important JJ I-ADJP
+, , O
+hospital NN B-NP
+admission NN I-NP
+rates NNS I-NP
+are VBP B-VP
+stabilizing VBG I-VP
+after IN B-PP
+several JJ B-NP
+years NNS I-NP
+of IN B-PP
+decline NN B-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+companies NNS B-NP
+have VBP B-VP
+sold VBN I-VP
+off IN B-PRT
+many NN B-NP
+of IN B-PP
+their PRP$ B-NP
+smaller JJR I-NP
+, , I-NP
+less-profitable JJ I-NP
+hospitals NNS I-NP
+and CC O
+have VBP B-VP
+completed VBN I-VP
+painful JJ B-NP
+restructurings NNS I-NP
+. . O
+
+Humana NNP B-NP
+'s POS B-NP
+revenues NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+are VBP B-VP
+being VBG I-VP
+boosted VBN I-VP
+by IN B-PP
+large JJ B-NP
+increases NNS I-NP
+in IN B-PP
+enrollments NNS B-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+health NN I-NP
+maintenance NN I-NP
+organizations NNS I-NP
+. . O
+
+Says VBZ B-VP
+Todd NNP B-NP
+Richter NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+Reynolds NNP I-NP
+: : O
+`` `` O
+The DT B-NP
+shakeout NN I-NP
+in IN B-PP
+the DT B-NP
+publicly RB I-NP
+traded VBN I-NP
+companies NNS I-NP
+is VBZ B-VP
+over RB B-ADJP
+. . O
+
+Initial JJ B-NP
+claims NNS I-NP
+for IN B-PP
+regular JJ B-NP
+state NN I-NP
+unemployment NN I-NP
+benefits NNS I-NP
+rose VBD B-VP
+to TO B-PP
+a DT B-NP
+seasonally RB I-NP
+adjusted VBN I-NP
+396,000 CD I-NP
+during IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Oct. NNP B-NP
+7 CD I-NP
+from IN B-PP
+334,000 CD B-NP
+the DT B-NP
+previous JJ I-NP
+week NN I-NP
+, , O
+the DT B-NP
+Labor NNP I-NP
+Department NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+number NN I-NP
+of IN B-PP
+people NNS B-NP
+receiving VBG B-VP
+regular JJ B-NP
+state NN I-NP
+benefits NNS I-NP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+decreased VBD B-VP
+to TO B-PP
+a DT B-NP
+seasonally RB I-NP
+adjusted VBN I-NP
+2,202,000 CD I-NP
+, , O
+or CC O
+2.2 CD B-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+covered VBN B-VP
+by IN B-PP
+unemployment NN B-NP
+insurance NN I-NP
+, , O
+from IN B-PP
+2,205,000 CD B-NP
+the DT B-NP
+previous JJ I-NP
+week NN I-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+insured VBN I-NP
+unemployment NN I-NP
+rate NN I-NP
+also RB B-ADVP
+was VBD B-VP
+2.2 CD B-NP
+% NN I-NP
+. . O
+
+Counting VBG B-PP
+all DT B-NP
+state NN I-NP
+and CC I-NP
+federal JJ I-NP
+benefit NN I-NP
+programs NNS I-NP
+, , O
+the DT B-NP
+number NN I-NP
+of IN B-PP
+people NNS B-NP
+receiving VBG B-VP
+unemployment NN B-NP
+benefits NNS I-NP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+fell VBD B-VP
+to TO B-PP
+1,809,300 CD B-NP
+from IN B-PP
+1,838,200 CD B-NP
+a DT B-NP
+week NN I-NP
+earlier RBR B-ADVP
+. . O
+
+These DT B-NP
+figures NNS I-NP
+are VBP B-VP
+n't RB I-VP
+seasonally RB I-VP
+adjusted VBN I-VP
+. . O
+
+A DT B-NP
+Labor NNP I-NP
+Department NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+the DT B-NP
+unusually RB I-NP
+high JJ I-NP
+number NN I-NP
+of IN B-PP
+initial JJ B-NP
+claims NNS I-NP
+for IN B-PP
+state NN B-NP
+unemployment NN I-NP
+benefits NNS I-NP
+reflects VBZ B-VP
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+on IN B-PP
+southern JJ B-NP
+states NNS I-NP
+, , B-NP
+particularly RB I-NP
+North NNP B-NP
+Carolina NNP I-NP
+and CC O
+South NNP B-NP
+Carolina NNP I-NP
+. . O
+
+The DT B-NP
+figure NN I-NP
+also RB B-ADVP
+may MD B-VP
+reflect VB I-VP
+initial JJ B-NP
+claims NNS I-NP
+filed VBN B-VP
+by IN B-PP
+striking JJ B-NP
+Nynex NNP I-NP
+Corp. NNP I-NP
+workers NNS I-NP
+who WP B-NP
+have VBP B-VP
+become VBN I-VP
+eligible JJ B-ADJP
+for IN B-PP
+unemployment NN B-NP
+benefits NNS I-NP
+, , O
+the DT B-NP
+official NN I-NP
+said VBD B-VP
+. . O
+
+Digital NNP B-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+reported VBD B-VP
+a DT B-NP
+32 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+net JJ B-NP
+income NN I-NP
+on IN B-PP
+a DT B-NP
+modest JJ I-NP
+revenue NN I-NP
+gain NN I-NP
+in IN B-PP
+its PRP$ B-NP
+fiscal JJ I-NP
+first JJ I-NP
+quarter NN I-NP
+, , O
+causing VBG B-VP
+some DT B-NP
+analysts NNS I-NP
+to TO B-VP
+predict VB I-VP
+weaker JJR B-NP
+results NNS I-NP
+ahead RB B-ADVP
+than IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+expected VBN I-VP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+second-largest JJ I-NP
+computer NN I-NP
+maker NN I-NP
+had VBD B-VP
+prepared VBN I-VP
+Wall NNP B-NP
+Street NNP I-NP
+for IN B-PP
+a DT B-NP
+poor JJ I-NP
+quarter NN I-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+troubled JJ I-VP
+by IN B-PP
+signs NNS B-NP
+of IN B-PP
+flat JJ B-NP
+U.S. NNP I-NP
+orders NNS I-NP
+and CC O
+a DT B-NP
+slowdown NN I-NP
+in IN B-PP
+the DT B-NP
+rate NN I-NP
+of IN B-PP
+gain NN B-NP
+in IN B-PP
+foreign JJ B-NP
+orders NNS I-NP
+. . O
+
+The DT B-NP
+Maynard NNP I-NP
+, , I-NP
+Mass. NNP I-NP
+, , I-NP
+company NN I-NP
+is VBZ B-VP
+in IN B-PP
+a DT B-NP
+transition NN I-NP
+in IN B-PP
+which WDT B-NP
+it PRP B-NP
+is VBZ B-VP
+trying VBG I-VP
+to TO I-VP
+reduce VB I-VP
+its PRP$ B-NP
+reliance NN I-NP
+on IN B-PP
+mid-range JJ B-NP
+machines NNS I-NP
+and CC O
+establish VB B-VP
+a DT B-NP
+presence NN I-NP
+in IN B-PP
+workstations NNS B-NP
+and CC I-NP
+mainframes NNS I-NP
+. . O
+
+Net JJ B-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+150.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.20 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+223 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.71 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+6.4 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3.13 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.94 CD I-NP
+billion CD I-NP
+. . O
+
+Digital NNP B-NP
+said VBD B-VP
+a DT B-NP
+shift NN I-NP
+in IN B-PP
+its PRP$ B-NP
+product NN I-NP
+mix NN I-NP
+toward IN B-PP
+low-end JJ B-NP
+products NNS I-NP
+and CC O
+strong JJ B-NP
+growth NN I-NP
+in IN B-PP
+workstation NN B-NP
+sales NNS I-NP
+yielded VBD B-VP
+lower JJR B-NP
+gross JJ I-NP
+margins NNS I-NP
+. . O
+
+A DT B-NP
+spokesman NN I-NP
+also RB B-ADVP
+said VBD B-VP
+margins NNS B-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+service NN I-NP
+business NN I-NP
+narrowed VBD B-VP
+somewhat RB B-ADVP
+because IN B-PP
+of IN I-PP
+heavy JJ B-NP
+investments NNS I-NP
+made VBN B-VP
+in IN B-PP
+that DT B-NP
+sector NN I-NP
+. . O
+
+The DT B-NP
+lack NN I-NP
+of IN B-PP
+a DT B-NP
+strong JJ I-NP
+product NN I-NP
+at IN B-PP
+the DT B-NP
+high JJ I-NP
+end NN I-NP
+of IN B-PP
+Digital NNP B-NP
+'s POS B-NP
+line NN I-NP
+was VBD B-VP
+a DT B-NP
+significant JJ I-NP
+drag NN I-NP
+on IN B-PP
+sales NNS B-NP
+. . O
+
+Digital NNP B-NP
+hopes VBZ B-VP
+to TO I-VP
+address VB I-VP
+that IN B-NP
+with IN B-PP
+the DT B-NP
+debut NN I-NP
+of IN B-PP
+its PRP$ B-NP
+first JJ I-NP
+mainframe-class JJ I-NP
+computers NNS I-NP
+next JJ B-NP
+Tuesday NNP I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+line NN I-NP
+is VBZ B-VP
+aimed VBN I-VP
+directly RB B-ADVP
+at IN B-PP
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp NNP I-NP
+. . O
+
+`` `` O
+Until IN B-SBAR
+the DT B-NP
+new JJ I-NP
+mainframe NN I-NP
+products NNS I-NP
+kick VBP B-VP
+in IN B-PRT
+, , O
+there EX B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+revenue NN B-NP
+contribution NN I-NP
+at IN B-PP
+the DT B-NP
+high JJ I-NP
+end NN I-NP
+, , O
+and CC O
+that DT B-NP
+'s VBZ B-VP
+hurt VBN I-VP
+us PRP B-NP
+, , O
+'' '' O
+said VBD B-VP
+Mark NNP B-NP
+Steinkrauss NNP I-NP
+, , O
+Digital NNP B-NP
+'s POS B-NP
+director NN I-NP
+of IN B-PP
+investor NN B-NP
+relations NNS I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+unfavorable JJ B-NP
+currency NN I-NP
+translations NNS I-NP
+were VBD B-VP
+also RB B-ADVP
+a DT B-NP
+factor NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+. . O
+
+DEC NNP B-NP
+shares NNS I-NP
+rose VBD B-VP
+$ $ B-NP
+1.375 CD I-NP
+to TO B-PP
+$ $ B-NP
+89.75 CD I-NP
+apiece RB I-NP
+in IN B-PP
+consolidated JJ B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+trading NN I-NP
+yesterday NN B-NP
+. . O
+
+But CC O
+analysts NNS B-NP
+said VBD B-VP
+that IN B-SBAR
+against IN B-PP
+the DT B-NP
+backdrop NN I-NP
+of IN B-PP
+a DT B-NP
+nearly RB I-NP
+40-point JJ I-NP
+rise NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+, , O
+that WDT B-NP
+should MD B-VP
+n't RB I-VP
+necessarily RB I-VP
+be VB I-VP
+taken VBN I-VP
+as IN B-PP
+a DT B-NP
+sign NN I-NP
+of IN B-PP
+great JJ B-NP
+strength NN I-NP
+. . O
+
+Some DT B-NP
+cut VB B-VP
+their PRP$ B-NP
+earnings NNS I-NP
+estimates NNS I-NP
+for IN B-PP
+the DT B-NP
+stock NN I-NP
+this DT B-NP
+year NN I-NP
+and CC O
+predicted VBD B-VP
+more JJR B-NP
+efforts NNS I-NP
+to TO B-VP
+control VB I-VP
+costs NNS B-NP
+ahead RB B-ADVP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+quarters NNS I-NP
+will MD B-VP
+be VB I-VP
+difficult JJ B-ADJP
+, , O
+'' '' O
+said VBD B-VP
+Steven NNP B-NP
+Milunovich NNP I-NP
+of IN B-PP
+First NNP B-NP
+Boston NNP I-NP
+. . O
+
+`` `` O
+Margins NNS B-NP
+will MD B-VP
+remain VB I-VP
+under IN B-PP
+pressure NN B-NP
+, , O
+and CC O
+when WRB B-ADVP
+the DT B-NP
+new JJ I-NP
+mainframe NN I-NP
+does VBZ B-VP
+ship NN I-VP
+, , O
+I PRP B-NP
+'m VBP B-VP
+not RB O
+sure JJ B-ADJP
+it PRP B-NP
+will MD B-VP
+be VB I-VP
+a DT B-NP
+big JJ I-NP
+winner NN I-NP
+. . O
+
+'' '' O
+Mr. NNP B-NP
+Milunovich NNP I-NP
+said VBD B-VP
+he PRP B-NP
+was VBD B-VP
+revising VBG I-VP
+his PRP$ B-NP
+estimate NN I-NP
+for IN B-PP
+DEC NNP B-NP
+'s POS B-NP
+current JJ I-NP
+year NN I-NP
+from IN B-PP
+$ $ B-NP
+8.20 CD I-NP
+a DT B-NP
+share NN I-NP
+to TO B-PP
+`` `` O
+well RB B-ADVP
+below IN B-PP
+$ $ B-NP
+8 CD I-NP
+, , O
+'' '' O
+although IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+settled VBN I-VP
+on IN B-PP
+a DT B-NP
+final JJ I-NP
+number NN I-NP
+. . O
+
+One CD B-NP
+troubling JJ I-NP
+aspect NN I-NP
+of IN B-PP
+DEC NNP B-NP
+'s POS B-NP
+results NNS I-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+, , O
+was VBD B-VP
+its PRP$ B-NP
+performance NN I-NP
+in IN B-PP
+Europe NNP B-NP
+. . O
+
+DEC NNP B-NP
+said VBD B-VP
+its PRP$ B-NP
+overseas JJ I-NP
+business NN I-NP
+, , O
+which WDT B-NP
+now RB B-ADVP
+accounts VBZ B-VP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+half NN I-NP
+of IN B-PP
+sales NNS B-NP
+, , O
+improved VBN B-VP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+. . O
+
+It PRP B-NP
+even RB B-ADVP
+took VBD B-VP
+the DT B-NP
+unusually RB I-NP
+frank JJ I-NP
+step NN I-NP
+of IN B-PP
+telling VBG B-VP
+analysts NNS B-NP
+in IN B-PP
+a DT B-NP
+morning NN I-NP
+conference NN I-NP
+call NN I-NP
+that IN B-SBAR
+orders NNS B-NP
+in IN B-PP
+Europe NNP B-NP
+were VBD B-VP
+up IN B-ADVP
+in IN B-PP
+`` `` O
+double JJ B-NP
+digits NNS I-NP
+'' '' O
+in IN B-PP
+foreign-currency NN B-NP
+terms NNS I-NP
+. . O
+
+That DT B-NP
+gain NN I-NP
+probably RB B-ADVP
+translated VBD B-VP
+into IN B-PP
+about IN B-NP
+5 NN I-NP
+% NN I-NP
+to TO I-NP
+7 CD I-NP
+% NN I-NP
+in IN B-PP
+dollar NN B-NP
+terms NNS I-NP
+, , O
+well RB B-ADVP
+below IN B-PP
+recent JJ B-NP
+quarters NNS I-NP
+' POS B-NP
+gains NNS I-NP
+of IN B-PP
+above IN B-NP
+20 CD I-NP
+% NN I-NP
+, , O
+reckons VBZ B-VP
+Jay NNP B-NP
+Stevens NNP I-NP
+of IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+Reynolds NNP I-NP
+. . O
+
+`` `` O
+That DT B-NP
+was VBD B-VP
+a DT B-NP
+disappointment NN I-NP
+'' '' O
+and CC O
+a DT B-NP
+sign NN I-NP
+of IN B-PP
+overall JJ B-NP
+computer-market JJ I-NP
+softness NN I-NP
+in IN B-PP
+Europe NNP B-NP
+, , O
+Mr. NNP B-NP
+Stevens NNP I-NP
+said VBD B-VP
+. . O
+
+Marc NNP B-NP
+Schulman NNP I-NP
+, , O
+with IN B-PP
+UBS NNP B-NP
+Securities NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+dropped VBD B-VP
+his PRP$ B-NP
+estimate NN I-NP
+of IN B-PP
+DEC NNP B-NP
+'s POS B-NP
+full-year JJ I-NP
+net JJ I-NP
+to TO B-PP
+$ $ B-NP
+6.80 CD I-NP
+a DT B-NP
+share NN I-NP
+from IN B-PP
+$ $ B-NP
+8 CD I-NP
+. . O
+
+Although IN B-SBAR
+overall JJ B-NP
+revenues NNS I-NP
+were VBD B-VP
+stronger JJR B-ADJP
+, , O
+Mr. NNP B-NP
+Schulman NNP I-NP
+said VBD B-VP
+, , O
+DEC NNP B-NP
+`` `` O
+drew VBD B-VP
+down RB B-ADVP
+its PRP$ B-NP
+European JJ I-NP
+backlog NN I-NP
+'' '' O
+and CC O
+had VBD B-VP
+flat JJ B-NP
+world-wide JJ I-NP
+orders NNS I-NP
+overall JJ B-ADVP
+. . O
+
+`` `` O
+The DT B-NP
+bottom NN I-NP
+line NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+more JJR B-ADJP
+hand NN I-ADJP
+to TO I-ADJP
+mouth NN I-ADJP
+than IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+before RB B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Schulman NNP I-NP
+said VBD B-VP
+he PRP B-NP
+believes VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+roll-out NN I-NP
+of IN B-PP
+DEC NNP B-NP
+'s POS B-NP
+new JJ I-NP
+mainframe NN I-NP
+will MD B-VP
+`` `` O
+occur VB B-VP
+somewhat RB B-ADVP
+more RBR I-ADVP
+leisurely JJ I-ADVP
+'' '' O
+than IN B-SBAR
+many NN B-NP
+of IN B-PP
+his PRP$ B-NP
+investment NN I-NP
+colleagues NNS I-NP
+expect VBP B-VP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+current JJ B-NP
+expectations NNS I-NP
+are VBP B-VP
+for IN B-SBAR
+an DT B-NP
+entry NN I-NP
+level NN I-NP
+machine NN I-NP
+to TO B-VP
+be VB I-VP
+shipped VBN I-VP
+in IN B-PP
+December NNP B-NP
+, , O
+with IN B-SBAR
+all DT B-NP
+of IN B-PP
+the DT B-NP
+more RBR I-NP
+sophisticated JJ I-NP
+versions NNS I-NP
+out IN B-ADVP
+by IN B-PP
+June NNP B-NP
+. . O
+
+For IN B-PP
+reasons NNS B-NP
+he PRP B-NP
+would MD B-VP
+n't RB I-VP
+elaborate VB I-VP
+on IN B-PP
+, , O
+he PRP B-NP
+said VBD B-VP
+he PRP B-NP
+'s VBZ B-VP
+sure JJ B-ADJP
+that DT B-NP
+schedule NN I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+met VBN I-VP
+, , O
+meaning NN B-VP
+less JJR B-NP
+profit NN I-NP
+impact NN I-NP
+from IN B-PP
+the DT B-NP
+product NN I-NP
+for IN B-PP
+DEC NNP B-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+quarters NNS I-NP
+. . O
+
+John NNP B-NP
+R. NNP I-NP
+Wilke NNP I-NP
+contributed VBD B-VP
+to TO B-PP
+this DT B-NP
+article NN I-NP
+. . O
+
+Colgate NNP B-NP
+Palmolive NNP I-NP
+Co. NNP I-NP
+reported VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+rose VBD B-VP
+27 CD B-NP
+% NN I-NP
+, , O
+bolstered VBN B-VP
+by IN B-PP
+strong JJ B-NP
+sales NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+Latin NNP I-NP
+American JJ I-NP
+business NN I-NP
+and CC O
+surprisingly RB B-NP
+healthy JJ I-NP
+profits NNS I-NP
+from IN B-PP
+U.S. NNP B-NP
+operations NNS I-NP
+. . O
+
+Colgate NNP B-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+76.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.06 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+that WDT B-NP
+increased VBD B-VP
+6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.3 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+, , O
+Colgate NNP B-NP
+posted VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+60.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+88 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+'s POS B-NP
+results NNS I-NP
+included VBD B-VP
+earnings NNS B-NP
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+of IN B-PP
+$ $ B-NP
+13.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+19 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Reuben NNP B-NP
+Mark NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Colgate NNP B-NP
+, , O
+said VBD B-VP
+earnings NNS B-NP
+growth NN I-NP
+was VBD B-VP
+fueled VBN I-VP
+by IN B-PP
+strong JJ B-NP
+sales NNS I-NP
+in IN B-PP
+Latin NNP B-NP
+America NNP I-NP
+, , O
+the DT B-NP
+Far NNP I-NP
+East NNP I-NP
+and CC O
+Europe NNP B-NP
+. . O
+
+Results NNS B-NP
+were VBD B-VP
+also RB I-VP
+bolstered VBN I-VP
+by IN B-PP
+`` `` O
+a DT B-NP
+very RB I-NP
+meaningful JJ I-NP
+increase NN I-NP
+in IN B-PP
+operating VBG B-NP
+profit NN I-NP
+at IN B-PP
+Colgate NNP B-NP
+'s POS B-NP
+U.S. NNP I-NP
+business NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Operating NN B-NP
+profit NN I-NP
+at IN B-PP
+Colgate NNP B-NP
+'s POS B-NP
+U.S. NNP I-NP
+household NN I-NP
+products NNS I-NP
+and CC I-NP
+personal JJ I-NP
+care NN I-NP
+businesses NNS I-NP
+, , O
+which WDT B-NP
+include VBP B-VP
+such JJ B-NP
+well-known JJ I-NP
+brands NNS I-NP
+as IN B-PP
+Colgate NNP B-NP
+toothpaste NN I-NP
+and CC O
+Fab NNP B-NP
+laundry NN I-NP
+detergent NN I-NP
+, , O
+jumped VBD B-VP
+more JJR B-NP
+than IN I-NP
+40 CD I-NP
+% NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Mark NNP I-NP
+attributed VBD B-VP
+the DT B-NP
+improvement NN I-NP
+to TO B-PP
+cost VB B-NP
+savings NNS I-NP
+achieved VBN B-VP
+by IN B-PP
+consolidating VBG B-VP
+manufacturing NN B-NP
+operations NNS I-NP
+, , O
+blending VBG B-VP
+together RB B-ADVP
+two CD B-NP
+sales NNS I-NP
+organizations NNS I-NP
+and CC O
+more RBR B-VP
+carefully RB I-VP
+focusing VBG I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+promotional JJ I-NP
+activities NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'ve VBP B-VP
+done VBN I-VP
+a DT B-NP
+lot NN I-NP
+to TO B-VP
+improve VB I-VP
+-LRB- ( O
+U.S. NNP O
+. . O
+-RRB- ) O
+results NNS B-NP
+and CC O
+a DT B-NP
+lot NN I-NP
+more JJR I-NP
+will MD B-VP
+be VB I-VP
+done VBN I-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+Mark NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Improving VBG B-NP
+profitability NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+operations NNS I-NP
+is VBZ B-VP
+an DT B-NP
+extremely RB I-NP
+high JJ I-NP
+priority NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+'' '' O
+
+Colgate NNP B-NP
+'s POS B-NP
+results NNS I-NP
+were VBD B-VP
+at IN B-PP
+the DT B-NP
+high JJ I-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+range NN I-NP
+of IN B-PP
+analysts NNS B-NP
+' POS B-NP
+forecasts NNS I-NP
+. . O
+
+The DT B-NP
+scope NN I-NP
+of IN B-PP
+the DT B-NP
+improvement NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+business NN I-NP
+caught VBD B-VP
+some DT B-NP
+analysts NNS I-NP
+by IN B-PP
+surprise NN B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+'s POS B-NP
+domestic JJ I-NP
+business NN I-NP
+, , O
+especially RB B-NP
+its PRP$ I-NP
+household NN I-NP
+products NNS I-NP
+division NN I-NP
+, , O
+has VBZ B-VP
+performed VBN I-VP
+poorly RB B-ADVP
+for IN B-PP
+years NNS B-NP
+. . O
+
+Analysts NNS B-NP
+say VBP B-VP
+the DT B-NP
+earnings NNS I-NP
+improvement NN I-NP
+came VBD B-VP
+from IN B-PP
+cutting VBG B-VP
+costs NNS B-NP
+rather RB B-CONJP
+than IN I-CONJP
+increasing VBG B-VP
+sales NNS B-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net JJ B-NP
+increased VBN B-VP
+14 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+217.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.09 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+7 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3.8 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+191.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.79 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Colgate NNP B-NP
+'s POS B-NP
+1988 CD I-NP
+net JJ I-NP
+income NN I-NP
+included VBD B-VP
+$ $ B-NP
+40.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+59 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+. . O
+
+Colgate NNP B-NP
+sold VBD B-VP
+its PRP$ B-NP
+hospital NN I-NP
+supply NN I-NP
+and CC I-NP
+home NN I-NP
+health NN I-NP
+care NN I-NP
+business NN I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+Colgate NNP B-NP
+Wednesday NNP B-NP
+finalized VBD B-VP
+an DT B-NP
+agreement NN I-NP
+with IN B-PP
+MacroChem NNP B-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+tiny JJ I-NP
+dental JJ I-NP
+products NNS I-NP
+and CC I-NP
+pharmaceutical JJ I-NP
+concern NN I-NP
+based VBN B-VP
+in IN B-PP
+Billerica NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+to TO B-VP
+market VB I-VP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+four CD B-NP
+of IN B-PP
+MacroChem NNP B-NP
+'s POS B-NP
+FDA-approved JJ I-NP
+dental JJ I-NP
+products NNS I-NP
+. . O
+
+The DT B-NP
+products NNS I-NP
+-- : O
+sealants NNS B-NP
+and CC O
+bonding VBG B-NP
+materials NNS I-NP
+used VBN B-VP
+by IN B-PP
+dentists NNS B-NP
+-- : O
+all DT O
+contain VB B-VP
+fluoride NN B-NP
+that WDT B-NP
+is VBZ B-VP
+released VBN I-VP
+over IN B-PP
+time NN B-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+drive NN I-NP
+to TO B-VP
+increase VB I-VP
+Colgate NNP B-NP
+'s POS B-NP
+business NN I-NP
+with IN B-PP
+dentists NNS B-NP
+, , O
+a DT B-NP
+company NN I-NP
+spokeswoman NN I-NP
+said VBD B-VP
+. . O
+
+Terms NNS B-NP
+of IN B-PP
+the DT B-NP
+agreement NN I-NP
+were VBD B-VP
+n't RB I-VP
+given VBN I-VP
+. . O
+
+USACafes NNP B-NP
+Limited NNP I-NP
+Partnership NNP I-NP
+said VBD B-VP
+it PRP B-NP
+completed VBD B-VP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Bonanza NNP I-NP
+restaurant NN I-NP
+franchise NN I-NP
+system NN I-NP
+to TO B-PP
+a DT B-NP
+subsidiary NN I-NP
+of IN B-PP
+Metromedia NNP B-NP
+Co. NNP I-NP
+for IN B-PP
+$ $ B-NP
+71 CD I-NP
+million CD I-NP
+in IN B-PP
+cash NN B-NP
+. . O
+
+USACafes NNP B-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+nearly RB B-ADJP
+half-owned JJ I-ADJP
+by IN B-PP
+Sam NNP B-NP
+and CC I-NP
+Charles NNP I-NP
+Wyly NNP I-NP
+of IN B-PP
+Dallas NNP B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+distribute VB I-VP
+proceeds NNS B-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+to TO B-PP
+unit NN B-NP
+holders NNS I-NP
+as IN B-PP
+a DT B-NP
+liquidating VBG I-NP
+dividend NN I-NP
+as RB B-ADVP
+soon RB I-ADVP
+as IN B-PP
+possible JJ B-ADJP
+. . O
+
+The DT B-NP
+Bonanza NNP I-NP
+franchise NN I-NP
+system NN I-NP
+, , O
+which WDT B-NP
+generates VBZ B-VP
+about RB B-NP
+$ $ I-NP
+600 CD I-NP
+million CD I-NP
+in IN B-PP
+sales NNS B-NP
+annually RB B-ADVP
+, , O
+represented VBD B-VP
+substantially RB B-NP
+all DT I-NP
+of IN B-PP
+the DT B-NP
+partnership NN I-NP
+'s POS B-NP
+assets NNS I-NP
+. . O
+
+The DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+system NN I-NP
+has VBZ B-VP
+been VBN I-VP
+challenged VBN I-VP
+in IN B-PP
+a DT B-NP
+class-action JJ I-NP
+suit NN I-NP
+on IN B-PP
+behalf NN B-NP
+of IN B-PP
+unit NN B-NP
+holders NNS I-NP
+filed VBD B-VP
+last JJ B-NP
+week NN I-NP
+in IN B-PP
+a DT B-NP
+Delaware NNP I-NP
+court NN I-NP
+, , O
+USACafes NNP B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+believes VBZ B-VP
+the DT B-NP
+suit NN I-NP
+is VBZ B-VP
+without IN B-PP
+merit NN B-NP
+. . O
+
+American NNP B-NP
+Telephone NNP I-NP
+& CC I-NP
+Telegraph NNP I-NP
+Co. NNP I-NP
+unveiled VBD B-VP
+a DT B-NP
+sweetened VBN I-NP
+pension NN I-NP
+and CC O
+early-retirement NN B-NP
+program NN I-NP
+for IN B-PP
+management NN B-NP
+that IN B-NP
+it PRP B-NP
+hopes VBZ B-VP
+will MD B-VP
+enable VB I-VP
+it PRP B-NP
+to TO B-VP
+save VB I-VP
+$ $ B-NP
+450 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+year NN I-NP
+. . O
+
+AT&T NNP B-NP
+also RB B-ADVP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+19 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+AT&T NNP B-NP
+said VBD B-VP
+its PRP$ B-NP
+amended VBN I-NP
+pension NN I-NP
+program NN I-NP
+will MD B-VP
+nearly RB I-VP
+double JJ I-VP
+to TO B-PP
+34,000 CD B-NP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+managers NNS B-NP
+eligible JJ B-ADJP
+to TO B-VP
+retire VB I-VP
+with IN B-PP
+immediate JJ B-NP
+pension NN I-NP
+payments NNS I-NP
+. . O
+
+AT&T NNP B-NP
+said VBD B-VP
+that WDT B-SBAR
+based VBD B-PP
+on IN B-PP
+studies NNS B-NP
+of IN B-PP
+other JJ B-NP
+companies NNS I-NP
+that WDT B-NP
+have VBP B-VP
+offered VBN I-VP
+retirement NN B-NP
+plans NNS I-NP
+, , O
+it PRP B-NP
+expects VBZ B-VP
+about IN B-NP
+one-third NN I-NP
+of IN B-PP
+its PRP$ B-NP
+eligible JJ I-NP
+managers NNS I-NP
+to TO B-VP
+retire VB I-VP
+under IN B-PP
+the DT B-NP
+new JJ I-NP
+program NN I-NP
+. . O
+
+AT&T NNP B-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+grew VBD B-VP
+, , O
+despite IN B-NP
+stiff JJ B-NP
+competition NN I-NP
+in IN B-PP
+all DT B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+markets NNS I-NP
+. . O
+
+Net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+699 CD I-NP
+million CD I-NP
+, , O
+or CC O
+65 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+$ $ I-NP
+587 CD I-NP
+million CD I-NP
+, , O
+or CC O
+55 NN B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+edged VBD B-VP
+up IN B-PRT
+to TO B-PP
+$ $ B-NP
+8.9 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+8.81 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+period NN I-NP
+'s POS B-NP
+net NN I-NP
+was VBD B-VP
+reduced VBN I-VP
+$ $ B-NP
+102 CD I-NP
+million CD I-NP
+, , O
+or CC O
+nine CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+for IN B-PP
+a DT B-NP
+change NN I-NP
+in IN B-PP
+depreciation NN B-NP
+method NN I-NP
+and CC O
+concurrent JJ B-NP
+changes NNS I-NP
+in IN B-PP
+estimates NNS B-NP
+of IN B-PP
+depreciable JJ B-NP
+lives NNS I-NP
+and CC O
+net JJ B-NP
+salvage NN I-NP
+for IN B-PP
+certain JJ B-NP
+telecommunications NNS I-NP
+equipment NN I-NP
+. . O
+
+The DT B-NP
+results NNS I-NP
+roughly RB B-VP
+matched VBN I-VP
+estimates NNS B-NP
+of IN B-PP
+securities NNS B-NP
+analysts NNS I-NP
+, , O
+who WP B-NP
+were VBD B-VP
+encouraged VBN I-VP
+by IN B-PP
+AT&T NNP B-NP
+increasing VBG B-VP
+its PRP$ B-NP
+operating NN I-NP
+margin NN I-NP
+to TO B-PP
+13 CD B-NP
+% NN I-NP
+from IN B-PP
+11 CD B-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+because IN B-PP
+of IN I-PP
+continued VBN B-NP
+cost-cutting JJ I-NP
+efforts NNS I-NP
+. . O
+
+Sales NNS B-NP
+of IN B-PP
+long-distance JJ B-NP
+services NNS I-NP
+, , O
+an DT B-NP
+extremely RB I-NP
+competitive JJ I-NP
+market NN I-NP
+, , O
+rose VBD B-VP
+6.4 CD B-NP
+% NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+growth NN I-NP
+was VBD B-VP
+partly RB I-VP
+offset VB I-VP
+by IN B-PP
+lower JJR B-NP
+equipment NN I-NP
+sales NNS I-NP
+and CC I-NP
+rentals NNS I-NP
+and CC O
+price NN B-NP
+cuts NNS I-NP
+on IN B-PP
+some DT B-NP
+products NNS I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+amended VBN I-NP
+pension NN I-NP
+program NN I-NP
+, , O
+AT&T NNP B-NP
+managers NNS I-NP
+who WP B-NP
+have VBP B-VP
+at IN B-NP
+least JJS I-NP
+five CD I-NP
+years NNS I-NP
+of IN B-PP
+service NN B-NP
+will MD B-VP
+have VB I-VP
+five CD B-NP
+years NNS I-NP
+added VBD B-VP
+to TO B-PP
+their PRP$ B-NP
+age NN I-NP
+and CC I-NP
+length NN I-NP
+of IN B-PP
+service NN B-NP
+for IN B-PP
+pension NN B-NP
+purposes NNS I-NP
+. . O
+
+Managers NNS B-NP
+who WP B-NP
+retire VBP B-VP
+Dec. NNP B-NP
+30 CD I-NP
+will MD B-VP
+have VB I-VP
+an DT B-NP
+additional JJ I-NP
+15 CD I-NP
+% NN I-NP
+added VBD B-VP
+to TO B-PP
+their PRP$ B-NP
+monthly JJ I-NP
+pension NN I-NP
+for IN B-PP
+as RB B-NP
+long RB I-NP
+as IN I-NP
+five CD I-NP
+years NNS I-NP
+or CC O
+age NN B-NP
+65 CD I-NP
+, , O
+whichever WDT B-NP
+comes VBZ B-VP
+earlier RBR B-ADVP
+. . O
+
+An DT B-NP
+AT&T NNP I-NP
+spokeswoman NN I-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+would MD B-VP
+likely RB I-VP
+replace VB I-VP
+about IN B-NP
+one-third NN I-NP
+of IN B-PP
+its PRP$ B-NP
+managers NNS I-NP
+who WP B-NP
+choose VBP B-VP
+to TO I-VP
+retire VB I-VP
+with IN B-PP
+new JJ B-NP
+employees NNS I-NP
+. . O
+
+Analysts NNS B-NP
+hailed VBD B-VP
+the DT B-NP
+sweetened VBN I-NP
+pension NN I-NP
+package NN I-NP
+, , O
+which WDT B-NP
+they PRP B-NP
+said VBD B-VP
+had VBN B-VP
+been VBN I-VP
+the DT B-NP
+subject NN I-NP
+of IN B-PP
+rumors NNS B-NP
+for IN B-PP
+several JJ B-NP
+months NNS I-NP
+. . O
+
+`` `` O
+This DT B-NP
+tells VBZ B-VP
+you PRP B-NP
+AT&T NNP B-NP
+is VBZ B-VP
+serious JJ B-ADJP
+about IN B-PP
+continuing VBG B-VP
+to TO I-VP
+manage VB I-VP
+their PRP$ B-NP
+cost NN I-NP
+structure NN I-NP
+and CC O
+is VBZ B-VP
+committed VBN I-VP
+to TO B-PP
+20%-a-year VB B-NP
+earnings NNS I-NP
+growth NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Jack NNP B-NP
+Grubman NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+PaineWebber NNP B-NP
+Inc NNP I-NP
+. . O
+
+But CC O
+other JJ B-NP
+analysts NNS I-NP
+expressed VBD B-VP
+disappointment NN B-NP
+that IN B-SBAR
+the DT B-NP
+cost-cutting JJ I-NP
+move NN I-NP
+wo MD B-VP
+n't RB I-VP
+result VB I-VP
+in IN B-PP
+even RB B-NP
+greater JJR I-NP
+earnings NNS I-NP
+growth NN I-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+a DT B-NP
+good JJ I-NP
+move NN I-NP
+, , O
+but CC O
+it PRP B-NP
+only RB B-ADVP
+gets VBZ B-VP
+you PRP B-NP
+to TO B-PP
+where WRB B-ADVP
+people NNS B-NP
+'s POS B-NP
+expectations NNS I-NP
+already RB B-ADVP
+are VBP B-VP
+, , O
+'' '' O
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+earnings NNS B-NP
+growth NN I-NP
+, , O
+said VBD B-VP
+Joel NNP B-NP
+D. NNP I-NP
+Gross NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Donaldson NNP B-NP
+, , I-NP
+Lufkin NNP I-NP
+& CC I-NP
+Jenrette NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Gross NNP I-NP
+said VBD B-VP
+he PRP B-NP
+had VBD B-VP
+hoped VBN I-VP
+that IN B-SBAR
+a DT B-NP
+cost NN I-NP
+savings NNS I-NP
+of IN B-PP
+$ $ B-NP
+450 CD I-NP
+million CD I-NP
+would MD B-VP
+result VB I-VP
+in IN B-PP
+even RB B-NP
+greater JJR I-NP
+growth NN I-NP
+than IN B-PP
+the DT B-NP
+20 CD I-NP
+% NN I-NP
+annual JJ I-NP
+earnings NNS I-NP
+increase NN I-NP
+AT&T NNP B-NP
+has VBZ B-VP
+told VBN I-VP
+analysts NNS B-NP
+it PRP B-NP
+expects VBZ B-VP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+. . O
+
+AT&T NNP B-NP
+said VBD B-VP
+the DT B-NP
+special JJ I-NP
+retirement NN I-NP
+option NN I-NP
+will MD B-VP
+increase VB I-VP
+fourth-quarter JJ B-NP
+expenses NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+amount NN I-NP
+ca MD B-VP
+n't RB I-VP
+be VB I-VP
+determined VBN I-VP
+until IN B-SBAR
+it PRP B-NP
+knows VBZ B-VP
+how WRB B-NP
+many JJ I-NP
+managers NNS I-NP
+opt VBP B-VP
+to TO I-VP
+retire VB I-VP
+. . O
+
+AT&T NNP B-NP
+said VBD B-VP
+the DT B-NP
+expense NN I-NP
+increase NN I-NP
+will MD B-VP
+be VB I-VP
+largely RB I-VP
+offset VB I-VP
+by IN B-PP
+a DT B-NP
+gain NN I-NP
+from IN B-PP
+its PRP$ B-NP
+previously RB I-NP
+announced VBD I-NP
+plan NN I-NP
+to TO B-VP
+swap VB I-VP
+its PRP$ B-NP
+holdings NNS I-NP
+in IN B-PP
+Ing NNP B-NP
+. . I-NP
+C. NNP I-NP
+Olivetti NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+for IN B-PP
+shares NNS B-NP
+in IN B-PP
+Cie NNP B-NP
+. . I-NP
+Industriali NNP I-NP
+Riunite NNP I-NP
+, , O
+an DT B-NP
+Italian JJ I-NP
+holding NN I-NP
+company NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+AT&T NNP B-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+was VBD B-VP
+$ $ B-NP
+1.99 CD I-NP
+billion CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.85 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+19 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+1.67 CD I-NP
+billion CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.56 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+gained VBD B-VP
+3.1 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+26.81 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+26 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+yesterday NN B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+AT&T NNP B-NP
+shares NNS I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+43.375 CD I-NP
+, , O
+up IN B-ADVP
+87.5 CD B-NP
+cents NNS I-NP
+. . O
+
+When WRB B-ADVP
+it PRP B-NP
+comes VBZ B-VP
+to TO B-PP
+buying VBG B-VP
+and CC I-VP
+selling VBG I-VP
+shares NNS B-NP
+, , O
+Westridge NNP B-NP
+Capital NNP I-NP
+Management NNP I-NP
+Inc. NNP I-NP
+takes VBZ B-VP
+a DT B-NP
+back JJ I-NP
+seat NN I-NP
+to TO B-PP
+no DT B-NP
+one CD I-NP
+. . O
+
+Every DT B-NP
+dollar NN I-NP
+'s POS B-NP
+worth NN I-NP
+of IN B-PP
+stock NN B-NP
+in IN B-PP
+the DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+money NN I-NP
+manager NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+is VBZ B-VP
+traded VBN I-VP
+seven CD B-NP
+or CC I-NP
+eight CD I-NP
+times VBZ I-NP
+a DT B-NP
+year NN I-NP
+, , O
+the DT B-NP
+firm NN I-NP
+estimates NNS B-VP
+. . O
+
+That DT B-NP
+makes VBZ B-VP
+it PRP B-NP
+the DT B-NP
+most RBS I-NP
+active JJ I-NP
+trader NN I-NP
+among IN B-PP
+all PDT O
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+investment NN I-NP
+advisers NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Securities NNPS B-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+filings NNS I-NP
+. . O
+
+But CC O
+wait VB B-VP
+a DT B-NP
+second NN I-NP
+. . O
+
+Westridge NNP B-NP
+Capital NNP I-NP
+is VBZ B-VP
+an DT B-NP
+index NN I-NP
+fund NN I-NP
+-- : O
+the DT B-NP
+type NN I-NP
+of IN B-PP
+stolid JJ B-NP
+long-term JJ I-NP
+investor NN I-NP
+whose WP$ B-NP
+goal NN I-NP
+is VBZ B-VP
+to TO B-VP
+be VB I-VP
+nothing NN B-NP
+more JJR B-ADJP
+than IN B-PP
+average NN B-ADJP
+. . O
+
+Westridge NNP B-NP
+Capital NNP I-NP
+'s POS B-NP
+frenetic JJ I-NP
+trading NN I-NP
+reflects VBZ B-VP
+the DT B-NP
+changes NNS I-NP
+sweeping VBG B-VP
+through IN B-PP
+the DT B-NP
+previously RB I-NP
+sleepy JJ I-NP
+world NN I-NP
+of IN B-PP
+indexing NN B-NP
+. . O
+
+Indexing NN B-NP
+for IN B-PP
+the DT B-NP
+most RBS I-NP
+part NN I-NP
+has VBZ B-VP
+involved VBN I-VP
+simply RB I-VP
+buying VBG I-VP
+and CC O
+then RB B-VP
+holding VBG I-VP
+stocks NNS B-NP
+in IN B-PP
+the DT B-NP
+correct JJ I-NP
+mix NN I-NP
+to TO B-VP
+mirror VB I-VP
+a DT B-NP
+stock NN I-NP
+market NN I-NP
+barometer NN I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+Standard NNP B-NP
+& CC O
+Poor NNP B-NP
+'s POS B-NP
+500-stock JJ I-NP
+index NN I-NP
+, , O
+and CC O
+match VB B-VP
+its PRP$ B-NP
+performance NN I-NP
+. . O
+
+Institutional JJ B-NP
+investors NNS I-NP
+have VBP B-VP
+poured VBN I-VP
+$ $ B-NP
+210 CD I-NP
+billion CD I-NP
+into IN B-PP
+stock NN B-NP
+and CC I-NP
+bond NN I-NP
+indexing NN I-NP
+as IN B-PP
+a DT B-NP
+cheap JJ I-NP
+and CC I-NP
+easy JJ I-NP
+form NN I-NP
+of IN B-PP
+investment NN B-NP
+management NN I-NP
+that WDT B-NP
+promises VBZ B-VP
+to TO I-VP
+post VB I-VP
+average JJ B-NP
+market NN I-NP
+returns NNS I-NP
+. . O
+
+These DT B-NP
+big JJ I-NP
+investors NNS I-NP
+have VBP B-VP
+flocked VBN I-VP
+to TO B-PP
+indexing NN B-NP
+because IN B-SBAR
+relatively RB B-NP
+few JJ I-NP
+`` `` I-NP
+active JJ I-NP
+'' '' I-NP
+stock NN I-NP
+pickers NNS I-NP
+have VBP B-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+consistently RB I-VP
+match VB I-VP
+the DT B-NP
+returns NNS I-NP
+of IN B-PP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+or CC O
+other JJ B-NP
+bellwethers NNS I-NP
+, , O
+much RB B-VP
+less JJR I-VP
+beat VB I-VP
+it PRP B-NP
+. . O
+
+And CC O
+the DT B-NP
+fees NNS I-NP
+investors NNS B-NP
+pay VBP B-VP
+for IN B-PP
+indexing NN B-NP
+run NN B-VP
+a DT B-NP
+few JJ I-NP
+pennies NNS I-NP
+for IN B-PP
+each DT B-NP
+$ $ I-NP
+100 CD I-NP
+of IN B-PP
+assets NNS B-NP
+-- : O
+a DT B-NP
+fraction NN I-NP
+of IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+active JJ B-NP
+managers NNS I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+because IN B-SBAR
+computers NNS B-NP
+do VBP B-VP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+work NN I-NP
+, , O
+and CC O
+low JJ B-NP
+trading NN I-NP
+activity NN I-NP
+keeps VBZ B-VP
+a DT B-NP
+lid NN I-NP
+on IN B-PP
+commission NN B-NP
+costs NNS I-NP
+. . O
+
+But CC O
+today NN B-NP
+, , O
+indexing NN B-NP
+is VBZ B-VP
+moving VBG I-VP
+from IN B-PP
+a DT B-NP
+passive JJ I-NP
+investment NN I-NP
+strategy NN I-NP
+to TO B-PP
+an DT B-NP
+increasingly RB I-NP
+active JJ I-NP
+one CD I-NP
+. . O
+
+Because IN B-SBAR
+index-fund JJ B-NP
+managers NNS I-NP
+are VBP B-VP
+no RB B-ADVP
+longer RB I-ADVP
+satisfied VBN B-ADJP
+with IN B-PP
+merely RB B-ADVP
+being VBG B-VP
+average JJ B-ADJP
+, , O
+they PRP B-NP
+have VBP B-VP
+developed VBN I-VP
+`` `` B-NP
+enhanced VBN I-NP
+'' '' I-NP
+indexing NN I-NP
+strategies NNS I-NP
+that WDT B-NP
+are VBP B-VP
+intended VBN I-VP
+to TO I-VP
+outperform VB I-VP
+the DT B-NP
+market NN I-NP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+three CD I-NP
+percentage NN I-NP
+points NNS I-NP
+. . O
+
+`` `` O
+Indexing NN B-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+most RBS I-NP
+single JJ I-NP
+successful JJ I-NP
+investment NN I-NP
+concept NN I-NP
+in IN B-PP
+the DT B-NP
+last JJ I-NP
+decade NN I-NP
+, , O
+but CC O
+the DT B-NP
+index NN I-NP
+money NN I-NP
+has VBZ B-VP
+been VBN I-VP
+just RB I-VP
+sort NN I-VP
+of IN I-VP
+sitting VBG I-VP
+there EX B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Seth NNP B-NP
+M. NNP I-NP
+Lynn NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Axe NNP B-NP
+Core NNP I-NP
+Investors NNP I-NP
+Inc. NNP I-NP
+, , O
+an DT B-NP
+indexer NN I-NP
+based VBN B-VP
+in IN B-PP
+Tarrytown NNP B-NP
+, , O
+N.Y NNP B-NP
+. . O
+
+`` `` O
+Now RB B-ADVP
+the DT B-NP
+interest NN I-NP
+is VBZ B-VP
+in IN B-PP
+what WP B-NP
+else RB I-NP
+can MD O
+I PRP B-NP
+do VB B-VP
+with IN B-PP
+that DT B-NP
+money NN I-NP
+. . O
+'' '' O
+
+Among IN B-PP
+the DT B-NP
+souped-up JJ I-NP
+indexing NN I-NP
+strategies NNS I-NP
+: : O
+Indexed JJ B-NP
+portfolios NNS I-NP
+can MD B-VP
+be VB I-VP
+built VBN I-VP
+around IN B-PP
+thousands NNS B-NP
+of IN B-PP
+stocks NNS B-NP
+, , O
+or CC O
+just RB B-NP
+a DT I-NP
+few JJ I-NP
+dozen NN I-NP
+, , O
+rather RB B-PP
+than IN I-PP
+being VBG B-VP
+restricted VBN I-VP
+to TO B-PP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+companies NNS I-NP
+. . O
+
+They PRP B-NP
+can MD B-VP
+ignore VB I-VP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+stocks NNS I-NP
+altogether RB B-ADVP
+and CC O
+focus NN B-VP
+on IN B-PP
+particular JJ B-NP
+types NNS I-NP
+of IN B-PP
+stocks NNS B-NP
+, , O
+such JJ B-PP
+as IN I-PP
+smaller JJR B-NP
+companies NNS I-NP
+, , O
+those DT B-NP
+paying VBG I-NP
+high JJ I-NP
+dividends NNS I-NP
+or CC O
+companies NNS B-NP
+in IN B-PP
+a DT B-NP
+particular JJ I-NP
+industry NN I-NP
+, , I-NP
+state NN I-NP
+or CC I-NP
+country NN I-NP
+. . O
+
+With IN B-PP
+today NN B-NP
+'s POS B-NP
+computer-driven JJ I-NP
+program NN I-NP
+trading NN I-NP
+techniques NNS I-NP
+, , O
+index NN B-NP
+funds NNS I-NP
+can MD B-VP
+trade VB I-VP
+back RB B-ADVP
+and CC I-ADVP
+forth RB I-ADVP
+between IN B-PP
+stock-index NN B-NP
+futures NNS I-NP
+and CC O
+the DT B-NP
+actual JJ I-NP
+stocks NNS I-NP
+making VBG B-VP
+up IN B-PRT
+indexes NNS B-NP
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+. . O
+
+Futures NNS B-NP
+and CC I-NP
+options NNS I-NP
+also RB B-ADVP
+make VBP B-VP
+it PRP B-NP
+possible JJ B-ADJP
+to TO B-VP
+build VB I-VP
+`` `` B-NP
+synthetic JJ I-NP
+'' '' I-NP
+index NN I-NP
+funds NNS I-NP
+that WDT B-NP
+do VBP B-VP
+n't RB I-VP
+actually RB I-VP
+own VB I-VP
+a DT B-NP
+single JJ I-NP
+share NN I-NP
+of IN B-PP
+stock NN B-NP
+, , O
+but CC O
+can MD B-VP
+produce VB I-VP
+returns NNS B-NP
+that WDT B-NP
+match VBP B-VP
+or CC I-VP
+exceed VB I-VP
+the DT B-NP
+broad JJ I-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+One CD B-NP
+reason NN I-NP
+for IN B-PP
+these DT B-NP
+hybrids NNS I-NP
+is VBZ B-VP
+that DT O
+indexing NN B-NP
+'s POS B-NP
+rapid JJ I-NP
+growth NN I-NP
+is VBZ B-VP
+slowing VBG I-VP
+, , O
+particularly RB B-ADVP
+for IN B-PP
+those DT B-NP
+`` `` I-NP
+plain JJ I-NP
+vanilla NN I-NP
+'' '' I-NP
+funds VBZ I-NP
+that DT B-NP
+mirror NN B-VP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+n't RB O
+a DT B-NP
+boatload NN I-NP
+-LCB- ( O
+of IN B-PP
+big JJ B-NP
+investors NNS I-NP
+-RCB- ) O
+out IN B-ADVP
+there EX I-ADVP
+still RB B-ADVP
+waiting VBG B-VP
+to TO I-VP
+get VB I-VP
+into IN B-PP
+indexing NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+P. NNP B-NP
+James NNP I-NP
+Kartalia NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+of IN B-PP
+ANB NNP B-NP
+Investment NNP I-NP
+Management NNP I-NP
+Co. NNP I-NP
+, , O
+Chicago NNP B-NP
+, , O
+which WDT B-NP
+offers VBZ B-VP
+both DT B-NP
+indexing NN B-NP
+and CC O
+active JJ B-NP
+management NN I-NP
+services NNS I-NP
+. . O
+
+-LRB- ( O
+After IN B-PP
+tripling VBG B-VP
+in IN B-PP
+size NN B-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+five CD I-NP
+years NNS I-NP
+, , O
+index NN B-NP
+funds NNS I-NP
+now RB B-ADVP
+hold VBP B-VP
+about IN B-NP
+20 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+owned VBN B-VP
+by IN B-PP
+pension NN B-NP
+funds NNS I-NP
+. . O
+-RRB- ) O
+
+A DT B-NP
+further JJ I-NP
+problem NN I-NP
+is VBZ B-VP
+razor-thin JJ B-NP
+profits NNS I-NP
+. . O
+
+Plain-vanilla JJ B-NP
+funds NNS I-NP
+have VBP B-VP
+become VBN I-VP
+so RB B-ADJP
+commonplace JJ I-ADJP
+that IN B-SBAR
+fees NNS B-NP
+they PRP B-NP
+can MD B-VP
+charge VB I-VP
+have NN B-VP
+plunged VBN I-VP
+to TO B-PP
+almost JJ B-NP
+nothing NN I-NP
+, , O
+and CC O
+in IN B-PP
+some DT B-NP
+cases NNS I-NP
+are VBP B-VP
+just RB B-NP
+that DT I-NP
+. . O
+
+To TO B-VP
+land VB I-VP
+customers NNS B-NP
+for IN B-PP
+their PRP$ B-NP
+well-paying JJ I-NP
+stock NN I-NP
+custodial JJ I-NP
+business NN I-NP
+, , O
+big JJ B-NP
+banks NNS I-NP
+sometimes RB B-ADVP
+will MD B-VP
+throw VB I-VP
+in IN B-PRT
+basic JJ B-NP
+indexing NN I-NP
+services NNS I-NP
+for IN B-PP
+free JJ B-ADJP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+like IN B-PP
+getting VBG B-VP
+a DT B-NP
+free JJ I-NP
+toaster NN I-NP
+when WRB B-ADVP
+you PRP B-NP
+open VB B-VP
+an DT B-NP
+account NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Axe NNP B-NP
+Core NNP I-NP
+'s POS B-NP
+Mr. NNP I-NP
+Lynn NNP I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+indexers NNS B-NP
+have VBP B-VP
+been VBN I-VP
+looking VBG I-VP
+for IN B-PP
+ways NNS B-NP
+to TO B-VP
+give VB I-VP
+investors NNS B-NP
+something NN B-NP
+more JJR B-ADJP
+than IN B-PP
+the DT B-NP
+average NN I-NP
+for IN B-PP
+their PRP$ B-NP
+money NN I-NP
+. . O
+
+And CC O
+many JJ B-NP
+have NN B-VP
+been VBN I-VP
+successful JJ B-ADJP
+, , O
+as IN B-PP
+in IN B-PP
+the DT B-NP
+case NN I-NP
+of IN B-PP
+the DT B-NP
+index NN I-NP
+fund NN I-NP
+operated VBN B-VP
+by IN B-PP
+hyper-trader NN B-NP
+Westridge NNP I-NP
+Capital NNP I-NP
+. . O
+
+Westridge NNP B-NP
+Capital NNP I-NP
+has VBZ B-VP
+used VBN I-VP
+enhanced VBN B-NP
+indexing NN I-NP
+techniques NNS I-NP
+to TO B-VP
+beat VB I-VP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+'s POS B-NP
+returns NNS I-NP
+by IN B-PP
+2.5 CD B-NP
+to TO I-NP
+3 CD I-NP
+percentage NN I-NP
+points NNS I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+four CD I-NP
+years NNS I-NP
+, , O
+with IN B-PP
+the DT B-NP
+same JJ I-NP
+risk NN I-NP
+level NN I-NP
+as IN B-PP
+holding VBG B-VP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+stocks NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+James NNP B-NP
+Carder NNP I-NP
+, , O
+the DT B-NP
+firm NN I-NP
+'s POS B-NP
+president NN I-NP
+. . O
+
+Strategies NNS B-NP
+vary VBP B-VP
+for IN B-PP
+Westridge NNP B-NP
+Capital NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+$ $ B-NP
+300 CD I-NP
+million CD I-NP
+under IN B-PP
+management NN B-NP
+. . O
+
+The DT B-NP
+firm NN I-NP
+sometimes RB B-ADVP
+buys VBZ B-VP
+S&P NNP B-NP
+500 CD I-NP
+futures NNS I-NP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+selling VBG I-VP
+at IN B-PP
+a DT B-NP
+discount NN I-NP
+to TO B-PP
+the DT B-NP
+actual JJ I-NP
+stocks NNS I-NP
+, , O
+and CC O
+will MD B-VP
+switch VB I-VP
+back RB B-ADVP
+and CC I-ADVP
+forth RB I-ADVP
+between IN B-PP
+stocks NNS B-NP
+and CC O
+stock-index NN B-NP
+futures NNS I-NP
+to TO B-VP
+take VB I-VP
+advantages NNS B-NP
+of IN B-PP
+any DT B-NP
+momentary JJ I-NP
+price NN I-NP
+discrepencies NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Carder NNP I-NP
+also RB B-ADVP
+goes VBZ B-VP
+through IN B-PP
+periods NNS B-NP
+when WRB B-ADVP
+he PRP B-NP
+buys VBZ B-VP
+stocks NNS B-NP
+in IN B-PP
+conjunction NN B-NP
+with IN B-PP
+options NNS B-NP
+to TO B-VP
+boost VB I-VP
+returns NNS B-NP
+and CC O
+protect VB B-VP
+against IN B-PP
+declines NNS B-NP
+. . O
+
+And CC O
+in IN B-PP
+some DT B-NP
+months NNS I-NP
+, , O
+he PRP B-NP
+buys VBZ B-VP
+stock-index NN B-NP
+futures NNS I-NP
+and CC B-NP
+not RB I-NP
+stocks VBZ B-NP
+at IN B-ADVP
+all DT I-ADVP
+. . O
+
+`` `` O
+By IN B-PP
+their PRP$ B-NP
+nature NN I-NP
+, , O
+our PRP$ B-NP
+trades NNS I-NP
+are VBP B-VP
+very RB B-ADJP
+short-term JJ I-ADJP
+and CC B-VP
+are VBP I-VP
+going VBG B-VP
+to TO I-VP
+create VB I-VP
+high JJ B-NP
+turnover NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Carder NNP I-NP
+adds VBZ B-VP
+. . O
+
+`` `` O
+The DT O
+more JJR O
+turnover NN O
+, , O
+the DT O
+better JJR O
+for IN B-PP
+our PRP$ B-NP
+clients NNS I-NP
+. . O
+'' '' O
+
+Big JJ B-NP
+indexer NN I-NP
+Bankers NNP I-NP
+Trust NNP I-NP
+Co. NNP I-NP
+also RB B-ADVP
+uses VBZ B-VP
+futures NNS B-NP
+in IN B-PP
+a DT B-NP
+strategy NN I-NP
+that IN B-NP
+on IN B-PP
+average NN B-NP
+has VBZ B-VP
+added VBN I-VP
+one CD B-NP
+percentage NN I-NP
+point NN I-NP
+to TO B-PP
+its PRP$ B-NP
+enhanced VBN I-NP
+fund NN I-NP
+'s POS B-NP
+returns NNS I-NP
+. . O
+
+J. NNP B-NP
+Thomas NNP I-NP
+Allen NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Pittsburgh-based JJ B-NP
+Advanced NNP I-NP
+Investment NNP I-NP
+Management NNP I-NP
+Inc. NNP I-NP
+, , O
+agrees VBZ B-VP
+it PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+good JJ I-NP
+idea NN I-NP
+to TO B-VP
+jump VB I-VP
+between IN B-PP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+stocks NNS I-NP
+and CC I-NP
+futures NNS I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+'re VBP B-VP
+buying VBG I-VP
+the DT B-NP
+S&P NNP I-NP
+, , O
+and CC O
+you PRP B-NP
+always RB B-ADVP
+want VBP B-VP
+to TO I-VP
+hold VB I-VP
+the DT B-NP
+cheapest JJS I-NP
+form NN I-NP
+of IN B-PP
+it PRP B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+But CC O
+some DT B-NP
+indexers NNS I-NP
+make VBP B-VP
+little JJ B-NP
+or CC I-NP
+no DT I-NP
+use NN I-NP
+of IN B-PP
+futures NNS B-NP
+, , O
+saying VBG B-VP
+that IN B-SBAR
+these DT B-NP
+instruments NNS I-NP
+present NN B-VP
+added VBD B-NP
+risks NNS I-NP
+for IN B-PP
+investors NNS B-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+the DT B-NP
+futures NNS I-NP
+markets NNS B-NP
+have VBP B-VP
+a DT B-NP
+problem NN I-NP
+, , O
+then RB O
+those DT B-NP
+products NNS I-NP
+could MD B-VP
+have VB I-VP
+a DT B-NP
+problem NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+John NNP B-NP
+Zumbrunn NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+of IN B-PP
+Prudential NNP B-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+of IN B-PP
+America NNP B-NP
+'s POS B-NP
+Investment NNP I-NP
+Index NNP I-NP
+Technologies NNP I-NP
+Inc. NNP I-NP
+unit NN I-NP
+. . O
+
+Prudential NNP B-NP
+currently RB B-ADVP
+is VBZ B-VP
+seeking VBG I-VP
+approval NN B-NP
+to TO B-VP
+offer VB I-VP
+a DT B-NP
+new JJ I-NP
+fund NN I-NP
+offering VBG B-VP
+a DT B-NP
+return NN I-NP
+equal JJ B-ADJP
+to TO B-PP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+index NN I-NP
+plus CC B-NP
+5\/100 CD B-NP
+of IN B-PP
+a DT B-NP
+percentage NN I-NP
+point NN I-NP
+. . O
+
+An DT B-NP
+added VBN I-NP
+feature NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+slighty NN I-NP
+improved VBD I-NP
+return NN I-NP
+would MD B-VP
+be VB I-VP
+guaranteed VBN I-VP
+by IN B-PP
+Prudential NNP B-NP
+. . O
+
+There EX B-NP
+are VBP B-VP
+many JJ B-NP
+other JJ I-NP
+strategies NNS I-NP
+to TO B-VP
+bolster VB I-VP
+the DT B-NP
+returns NNS I-NP
+of IN B-PP
+index NN B-NP
+funds NNS I-NP
+. . O
+
+They PRP B-NP
+include VBP B-VP
+: : O
+
+LIMITED JJ B-NP
+RISK NN I-NP
+FUNDS NNS I-NP
+: : O
+
+These DT B-NP
+guarantee NN B-VP
+protection NN B-NP
+against IN B-PP
+stock NN B-NP
+market NN I-NP
+declines NNS I-NP
+while IN B-PP
+still RB B-ADVP
+passing VBG B-VP
+along IN B-ADVP
+most RBS B-NP
+gains NNS I-NP
+. . O
+
+Here RB B-ADVP
+a DT B-NP
+fund NN I-NP
+may MD B-VP
+promise VB I-VP
+to TO I-VP
+pay VB I-VP
+back RB B-PRT
+, , O
+say VBP B-INTJ
+, , O
+$ $ B-NP
+95 CD I-NP
+of IN B-PP
+every DT B-NP
+$ $ I-NP
+100 CD I-NP
+invested VBN B-VP
+for IN B-PP
+a DT B-NP
+year NN I-NP
+, , O
+even RB B-SBAR
+if IN I-SBAR
+the DT B-NP
+market NN I-NP
+goes VBZ B-VP
+much RB B-ADVP
+lower JJR I-ADVP
+. . O
+
+The DT B-NP
+fund NN I-NP
+could MD B-VP
+invest VB I-VP
+$ $ B-NP
+87 CD I-NP
+for IN B-PP
+one CD B-NP
+year NN I-NP
+in IN B-PP
+Treasury NNP B-NP
+bills NNS I-NP
+yielding VBG B-VP
+8 CD B-NP
+% NN I-NP
+to TO B-VP
+return VB I-VP
+the DT B-NP
+guaranteed VBN I-NP
+$ $ I-NP
+95 CD I-NP
+. . O
+
+That DT B-NP
+leaves VBZ B-VP
+$ $ B-NP
+13 CD I-NP
+, , O
+which WDT B-NP
+could MD B-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+buy VB I-VP
+S&P NNP B-NP
+500 CD I-NP
+options NNS I-NP
+that WDT B-NP
+will MD B-VP
+nearly RB I-VP
+match VB I-VP
+any DT B-NP
+gain NN I-NP
+in IN B-PP
+the DT B-NP
+S&P NNP I-NP
+index NN I-NP
+. . O
+
+MANAGER NN B-NP
+REPLICATION NN I-NP
+FUNDS NNS I-NP
+: : O
+
+Say VB B-VP
+a DT B-NP
+big JJ I-NP
+investor NN I-NP
+is VBZ B-VP
+interested JJ B-ADJP
+in IN B-PP
+growth NN B-NP
+stocks NNS I-NP
+. . O
+
+Instead RB B-PP
+of IN I-PP
+hiring VBG B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+many JJ I-NP
+active JJ I-NP
+managers NNS I-NP
+specializing VBG B-VP
+in IN B-PP
+growth NN B-NP
+stocks NNS I-NP
+, , O
+indexers NNS B-NP
+can MD B-VP
+design VB I-VP
+a DT B-NP
+portfolio NN I-NP
+around IN B-PP
+the DT B-NP
+same JJ I-NP
+stocks NNS I-NP
+; : O
+the DT B-NP
+portfolio NN I-NP
+will MD B-VP
+be VB I-VP
+maintained VBN I-VP
+by IN B-PP
+computer NN B-NP
+, , O
+reducing VBG B-VP
+both DT B-NP
+fees NNS B-NP
+and CC O
+, , O
+in IN B-PP
+theory NN B-NP
+, , O
+risk NN B-NP
+-LRB- ( O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+large JJ I-NP
+number NN I-NP
+of IN B-PP
+stocks NNS B-NP
+-RRB- ) O
+. . O
+
+`` `` O
+We PRP B-NP
+see VBP B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+interest NN B-NP
+in IN B-PP
+those DT B-NP
+kind NN I-NP
+of IN B-PP
+things NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Frank NNP B-NP
+Salerno NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+Bankers NNP B-NP
+Trust NNP I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+comfortable JJ B-ADJP
+with IN B-PP
+the DT B-NP
+passive JJ I-NP
+approach NN I-NP
+are VBP B-VP
+using VBG I-VP
+them PRP B-NP
+for IN B-PP
+other JJ B-NP
+strategies NNS I-NP
+. . O
+'' '' O
+
+TILT NN B-NP
+FUNDS NNS I-NP
+: : O
+
+This DT B-NP
+is VBZ B-VP
+an DT B-NP
+index NN I-NP
+fund NN I-NP
+with IN B-PP
+a DT B-NP
+bet NN I-NP
+. . O
+
+Instead RB B-PP
+of IN I-PP
+replicating VBG B-VP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+or CC O
+some DT B-NP
+other JJ I-NP
+index NN I-NP
+exactly RB B-ADVP
+, , O
+some DT B-NP
+stocks NNS I-NP
+are VBP B-VP
+overweighted VBN I-VP
+or CC I-VP
+underweighted VBN I-VP
+in IN B-PP
+the DT B-NP
+portfolio NN I-NP
+. . O
+
+One CD B-NP
+simple JJ I-NP
+approach NN I-NP
+is VBZ B-VP
+to TO B-VP
+exclude VB I-VP
+S&P NNP B-NP
+500 CD I-NP
+companies NNS I-NP
+considered VBD B-VP
+bankruptcy NN B-NP
+candidates NNS I-NP
+; : O
+this DT B-NP
+can MD B-VP
+avoid VB I-VP
+weak JJ B-NP
+sisters NNS I-NP
+, , O
+but CC O
+also RB B-ADVP
+can MD B-VP
+hurt VB I-VP
+when WRB B-ADVP
+a DT B-NP
+company NN I-NP
+like IN B-PP
+Chrysler NNP B-NP
+Corp. NNP I-NP
+rebounds VBZ B-VP
+. . O
+
+Another DT B-NP
+approach NN I-NP
+: : O
+An DT B-NP
+investor NN I-NP
+with IN B-PP
+$ $ B-NP
+100 CD I-NP
+million CD I-NP
+might MD B-VP
+use VB I-VP
+$ $ B-NP
+75 CD I-NP
+million CD I-NP
+to TO B-VP
+buy VB I-VP
+the DT B-NP
+S&P NNP I-NP
+500 CD I-NP
+index NN I-NP
+and CC O
+spend VB B-VP
+the DT B-NP
+other JJ I-NP
+$ $ I-NP
+25 CD I-NP
+million CD I-NP
+on IN B-PP
+a DT B-NP
+favorite JJ I-NP
+group NN I-NP
+of IN B-PP
+stocks NNS B-NP
+. . O
+
+SPECIALIZED JJ B-NP
+FUNDS NNS I-NP
+: : O
+
+Indexes NNS B-NP
+can MD B-VP
+be VB I-VP
+constructed VBN I-VP
+to TO B-VP
+serve VB I-VP
+social JJ B-NP
+goals NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+eliminating VBG B-VP
+the DT B-NP
+stocks NNS I-NP
+of IN B-PP
+companies NNS B-NP
+doing VBG B-VP
+business NN B-NP
+in IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+. . O
+
+Other JJ B-NP
+funds NNS I-NP
+have VBP B-VP
+been VBN I-VP
+designed VBN I-VP
+to TO I-VP
+concentrate VB I-VP
+on IN B-PP
+stocks NNS B-NP
+in IN B-PP
+a DT B-NP
+geographic JJ I-NP
+area NN I-NP
+in IN B-SBAR
+order NN O
+to TO B-VP
+encourage VB I-VP
+local JJ B-NP
+investment NN I-NP
+. . O
+
+Pennsylvania NNP B-NP
+State NNP I-NP
+Employees NNP I-NP
+Retirement NNP I-NP
+System NNP I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+has VBZ B-VP
+about RB B-NP
+$ $ I-NP
+130 CD I-NP
+million CD I-NP
+invested VBN B-VP
+in IN B-PP
+a DT B-NP
+fund NN I-NP
+of IN B-PP
+244 CD B-NP
+companies NNS I-NP
+that WDT B-NP
+are VBP B-VP
+either DT B-ADVP
+Pennsylvania-based JJ B-ADJP
+or CC O
+have VBP B-VP
+25 CD B-NP
+% NN I-NP
+of IN B-PP
+their PRP$ B-NP
+work NN I-NP
+forces NNS I-NP
+in IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+Short JJ B-NP
+interest NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+declined VBD B-VP
+for IN B-PP
+the DT B-NP
+second JJ I-NP
+consecutive JJ I-NP
+month NN I-NP
+, , O
+this DT B-NP
+time NN I-NP
+4.2 CD B-NP
+% NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+American NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+reported VBD B-VP
+its PRP$ B-NP
+third JJ I-NP
+consecutive JJ I-NP
+record NN I-NP
+month NN I-NP
+of IN B-PP
+short JJ B-NP
+interest NN I-NP
+. . O
+
+The DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+reported VBD B-VP
+that IN O
+short JJ B-NP
+interest NN I-NP
+dropped VBD B-VP
+to TO B-PP
+523,920,214 CD B-NP
+shares NNS I-NP
+as IN B-PP
+of IN B-PP
+Oct. NNP B-NP
+13 CD I-NP
+from IN B-PP
+547,347,585 CD B-NP
+shares NNS I-NP
+in IN B-PP
+mid-September NNP B-NP
+. . O
+
+Amex NNP B-NP
+short JJ I-NP
+interest NN I-NP
+climbed VBD B-VP
+3 CD B-NP
+% NN I-NP
+to TO B-PP
+53,496,665 CD B-NP
+shares NNS I-NP
+from IN B-PP
+51,911,566 CD B-NP
+shares NNS I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+month NN I-NP
+, , O
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+reported VBD B-VP
+461,539,056 CD B-NP
+shares NNS I-NP
+, , O
+indicating VBG B-VP
+a DT B-NP
+13.5 CD I-NP
+% NN I-NP
+year-to-year JJ I-NP
+rise NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+Amex NNP I-NP
+reported VBD B-VP
+36,015,194 CD B-NP
+shares NNS I-NP
+, , O
+a DT B-NP
+48 CD I-NP
+% NN I-NP
+leap NN I-NP
+. . O
+
+Amex NNP B-NP
+short JJ I-NP
+interest NN I-NP
+has VBZ B-VP
+been VBN I-VP
+heading VBG I-VP
+upward RB B-ADVP
+since IN B-PP
+mid-December NNP B-NP
+, , O
+with IN B-PP
+increases NNS B-NP
+in IN B-PP
+each DT B-NP
+month NN I-NP
+since IN B-PP
+then RB B-ADVP
+except IN B-PP
+at IN B-PP
+mid-July NN B-NP
+. . O
+
+Traders NNS B-NP
+who WP B-NP
+sell VBP B-VP
+short JJ B-ADVP
+borrow VB B-VP
+stock NN B-NP
+and CC O
+sell VB B-VP
+it PRP B-NP
+, , O
+betting VBG B-VP
+that IN B-SBAR
+the DT B-NP
+stock NN I-NP
+'s POS B-NP
+price NN I-NP
+will MD B-VP
+decline VB I-VP
+and CC O
+that IN B-SBAR
+they PRP B-NP
+can MD B-VP
+buy VB I-VP
+the DT B-NP
+shares NNS I-NP
+back RB B-ADVP
+later RB B-ADVP
+at IN B-PP
+a DT B-NP
+lower JJR I-NP
+price NN I-NP
+for IN B-PP
+return NN B-NP
+to TO B-PP
+the DT B-NP
+lender NN I-NP
+. . O
+
+Short JJ B-NP
+interest NN I-NP
+is VBZ B-VP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+shares NNS B-NP
+that WDT B-NP
+have VBP B-VP
+n't RB I-VP
+yet RB I-VP
+been VBN I-VP
+purchased VBN I-VP
+for IN B-PP
+return NN B-NP
+to TO B-PP
+lenders NNS B-NP
+. . O
+
+Although IN B-SBAR
+a DT B-NP
+substantial JJ I-NP
+short JJ I-NP
+position NN I-NP
+reflects VBZ B-VP
+heavy JJ B-NP
+speculation NN I-NP
+that IN B-SBAR
+a DT B-NP
+stock NN I-NP
+'s POS B-NP
+price NN I-NP
+will MD B-VP
+decline VB I-VP
+, , O
+some DT B-NP
+investors NNS I-NP
+consider VBP B-VP
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+short JJ B-NP
+interest NN I-NP
+bullish JJ B-ADJP
+because IN B-SBAR
+the DT B-NP
+borrowed VBN I-NP
+shares NNS I-NP
+eventually RB B-ADVP
+must MD B-VP
+be VB I-VP
+bought VBN I-VP
+back RB B-ADVP
+. . O
+
+Fluctuation NN B-NP
+in IN B-PP
+short JJ B-NP
+interest NN I-NP
+of IN B-PP
+certain JJ B-NP
+stocks NNS I-NP
+also RB B-ADVP
+may MD B-VP
+be VB I-VP
+caused VBN I-VP
+partly RB B-ADVP
+by IN B-PP
+arbitraging VBG B-NP
+. . O
+
+The DT B-NP
+figures NNS I-NP
+occasionally RB B-ADVP
+include VBP B-VP
+incomplete JJ B-NP
+transactions NNS I-NP
+in IN B-PP
+restricted VBN B-NP
+stock NN I-NP
+. . O
+
+The DT B-NP
+level NN I-NP
+of IN B-PP
+negative JJ B-NP
+sentiment NN I-NP
+measured VBN B-VP
+by IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+short JJ B-NP
+interest NN I-NP
+ratio NN I-NP
+slipped VBD B-VP
+to TO B-PP
+3.36 CD B-NP
+from IN B-PP
+last JJ B-NP
+month NN I-NP
+'s POS B-NP
+3.38 CD I-NP
+. . O
+
+The DT B-NP
+ratio NN I-NP
+is VBZ B-VP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+trading NN B-NP
+days NNS I-NP
+, , O
+at IN B-PP
+the DT B-NP
+exchange NN I-NP
+'s POS B-NP
+average JJ I-NP
+trading NN I-NP
+volume NN I-NP
+, , O
+that WDT B-NP
+would MD B-VP
+be VB I-VP
+required VBN I-VP
+to TO B-VP
+convert VB I-VP
+the DT B-NP
+total JJ I-NP
+short JJ I-NP
+interest NN I-NP
+position NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+suggest VBP B-VP
+, , O
+however RB B-ADVP
+, , O
+that IN B-SBAR
+the DT B-NP
+ratio NN I-NP
+has VBZ B-VP
+weakened VBN I-VP
+in IN B-PP
+value NN B-NP
+as IN B-PP
+an DT B-NP
+indicator NN I-NP
+because IN B-SBAR
+options NNS B-NP
+and CC O
+other JJ B-NP
+products NNS I-NP
+can MD B-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+hedge VB I-VP
+short JJ B-NP
+positions NNS I-NP
+. . O
+
+Varity NNP B-NP
+Corp. NNP I-NP
+led VBD B-VP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+list NN I-NP
+of IN B-PP
+largest JJS B-NP
+short JJ I-NP
+volumes NNS I-NP
+with IN B-PP
+12,822,563 CD B-NP
+shares NNS I-NP
+. . O
+
+Varity NNP B-NP
+has VBZ B-VP
+proposed VBN I-VP
+to TO I-VP
+acquire VB I-VP
+K-H NNP B-NP
+Corp. NNP I-NP
+, , O
+consisting VBG B-VP
+of IN B-PP
+the DT B-NP
+auto NN I-NP
+parts NNS I-NP
+division NN I-NP
+and CC O
+some DT B-NP
+debt NN I-NP
+of IN B-PP
+Fruehauf NNP B-NP
+Corp. NNP I-NP
+, , O
+for IN B-PP
+$ $ B-NP
+577.3 CD I-NP
+million CD I-NP
+of IN B-PP
+cash NN B-NP
+and CC I-NP
+securities NNS I-NP
+. . O
+
+Chemical NNP B-NP
+Waste NNP I-NP
+Management NNP I-NP
+posted VBD B-VP
+the DT B-NP
+biggest JJS I-NP
+increase NN I-NP
+in IN B-PP
+short JJ B-NP
+volume NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+exchange NN I-NP
+, , O
+up IN B-ADVP
+3,383,477 CD B-NP
+shares NNS I-NP
+to TO B-PP
+5,267,238 CD B-NP
+. . O
+
+Bristol-Myers NNP B-NP
+Squibb NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+entity NN I-NP
+formed VBN B-VP
+from IN B-PP
+the DT B-NP
+recent JJ I-NP
+acquisition NN I-NP
+of IN B-PP
+Squibb NNP B-NP
+Corp. NNP I-NP
+by IN B-PP
+Bristol-Myers NNP B-NP
+Co. NNP I-NP
+, , O
+logged VBD B-VP
+the DT B-NP
+largest JJS I-NP
+volume NN I-NP
+decline NN I-NP
+, , O
+7,592,988 CD B-NP
+shares NNS I-NP
+, , O
+to TO B-PP
+12,017,724 CD B-NP
+. . O
+
+Short JJ B-NP
+interest NN I-NP
+in IN B-PP
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+plunged VBD B-VP
+to TO B-PP
+1,425,035 CD B-NP
+shares NNS I-NP
+from IN B-PP
+2,387,226 CD B-NP
+shares VBZ I-NP
+a DT B-NP
+month NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Also RB B-ADVP
+closely RB B-VP
+watched VBD I-VP
+is VBZ B-VP
+Exxon NNP B-NP
+Corp. NNP I-NP
+, , O
+where WRB B-ADVP
+short JJ B-NP
+interest NN I-NP
+slid VBD B-VP
+to TO B-PP
+4,469,167 CD B-NP
+shares NNS I-NP
+from IN B-PP
+5,088,774 CD B-NP
+. . O
+
+On IN B-PP
+a DT B-NP
+percentage NN I-NP
+basis NN I-NP
+, , O
+Germany NNP B-NP
+Fund NNP I-NP
+Inc. NNP I-NP
+led VBD B-VP
+the DT B-NP
+gainers NNS I-NP
+, , O
+leaping VBG B-VP
+to TO B-PP
+67,972 CD B-NP
+shares NNS I-NP
+from IN B-PP
+three CD B-NP
+shares NNS I-NP
+. . O
+
+TransCanada NNP B-NP
+PipeLines NNP I-NP
+Ltd. NNP I-NP
+led VBD B-VP
+the DT B-NP
+percentage NN I-NP
+decliners NNS I-NP
+, , O
+dropping VBG B-VP
+to TO B-PP
+59 CD B-NP
+shares NNS I-NP
+from IN B-PP
+183,467 CD B-NP
+. . O
+
+The DT B-NP
+Amex NNP I-NP
+short JJ I-NP
+interest NN I-NP
+volume NN I-NP
+leader NN I-NP
+again RB B-ADVP
+was VBD B-VP
+Texas NNP B-NP
+Air NNP I-NP
+Corp. NNP I-NP
+, , O
+rising VBG B-VP
+to TO B-PP
+3,820,634 CD B-NP
+shares NNS I-NP
+from IN B-PP
+3,363,949 CD B-NP
+. . O
+
+Bolar NNP B-NP
+Pharmaceutical NNP I-NP
+Co. NNP I-NP
+posted VBD B-VP
+the DT B-NP
+largest JJS I-NP
+volume NN I-NP
+increase NN I-NP
+, , O
+552,302 CD B-NP
+shares NNS I-NP
+, , O
+to TO B-PP
+2,157,656 CD B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+is VBZ B-VP
+under IN B-PP
+an DT B-NP
+investigation NN I-NP
+concerning VBG B-VP
+procedures NNS B-NP
+to TO B-VP
+gain VB I-VP
+Food NNP B-NP
+and CC I-NP
+Drug NNP I-NP
+Administration NNP I-NP
+approval NN I-NP
+of IN B-PP
+generic JJ B-NP
+drugs NNS I-NP
+. . O
+
+Bolar NNP B-NP
+has VBZ B-VP
+denied VBN I-VP
+any DT B-NP
+wrongdoing NN I-NP
+. . O
+
+The DT B-NP
+largest JJS I-NP
+volume NN I-NP
+drop NN I-NP
+-- : O
+down RB B-ADVP
+445,645 CD B-NP
+shares NNS I-NP
+to TO B-PP
+141,903 CD B-NP
+-- : O
+came VBD B-VP
+in IN B-PP
+shares NNS B-NP
+represented VBN B-VP
+by IN B-PP
+B.A.T NNP B-NP
+Industries NNP I-NP
+PLC NNP I-NP
+'s POS B-NP
+American JJ I-NP
+depositary NN I-NP
+receipts NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+is VBZ B-VP
+facing VBG I-VP
+a DT B-NP
+takeover NN I-NP
+proposal NN I-NP
+from IN B-PP
+the DT B-NP
+financier NN I-NP
+Sir NNP B-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+. . O
+
+First NNP B-NP
+Iberian NNP I-NP
+Fund NNP I-NP
+led VBD B-VP
+the DT B-NP
+percentage NN I-NP
+increases NNS I-NP
+, , O
+rising VBG B-VP
+to TO B-PP
+73,100 CD B-NP
+shares NNS I-NP
+from IN B-PP
+184 CD B-NP
+. . O
+
+Nelson NNP B-NP
+Holdings NNP I-NP
+International NNP I-NP
+Ltd. NNP I-NP
+dropped VBD B-VP
+the DT B-NP
+most RBS I-NP
+on IN B-PP
+a DT B-NP
+percentage NN I-NP
+basis NN I-NP
+, , O
+to TO B-PP
+1,000 CD B-NP
+shares NNS I-NP
+from IN B-PP
+255,923 CD B-NP
+. . O
+
+The DT B-NP
+adjacent JJ I-NP
+tables NNS I-NP
+show VBP B-VP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+and CC I-NP
+Amex NNP I-NP
+issues NNS I-NP
+in IN B-PP
+which WDT B-NP
+a DT B-NP
+short JJ I-NP
+interest NN I-NP
+position NN I-NP
+of IN B-PP
+at IN B-NP
+least JJS I-NP
+100,000 CD I-NP
+shares NNS I-NP
+existed VBD B-VP
+as IN B-PP
+of IN B-PP
+mid-October NNP B-NP
+or CC O
+in IN B-PP
+which WDT B-NP
+there EX B-NP
+was VBD B-VP
+a DT B-NP
+short JJ I-NP
+position NN I-NP
+change NN I-NP
+of IN B-PP
+at IN B-NP
+least JJS I-NP
+50,000 CD I-NP
+shares NNS I-NP
+since IN B-PP
+mid-September NNP B-NP
+. . O
+
+Your PRP$ B-NP
+Oct. NNP I-NP
+12 CD I-NP
+editorial NN I-NP
+`` `` O
+Pitiful NNP B-NP
+, , I-NP
+Helpless NNP I-NP
+Presidency NNP I-NP
+? . O
+'' '' O
+correctly RB B-ADVP
+states VBZ B-VP
+that IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+critical JJ B-ADJP
+of IN B-PP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+'s POS B-NP
+failure NN I-NP
+to TO B-VP
+have VB I-VP
+any DT B-NP
+plan NN I-NP
+in IN B-PP
+place NN B-NP
+to TO B-VP
+respond VB I-VP
+in IN B-PP
+a DT B-NP
+timely JJ I-NP
+fashion NN I-NP
+to TO B-PP
+the DT B-NP
+opportunities NNS I-NP
+to TO B-VP
+oust VB I-VP
+Manuel NNP B-NP
+Noriega NNP I-NP
+presented VBN B-VP
+by IN B-PP
+the DT B-NP
+attempted VBN I-NP
+military JJ I-NP
+coup NN I-NP
+on IN B-PP
+Oct. NNP B-NP
+3 CD I-NP
+. . O
+
+You PRP B-NP
+are VBP B-VP
+absolutely RB B-ADJP
+wrong JJ I-ADJP
+, , O
+however RB B-ADVP
+, , O
+in IN B-PP
+opining VBG B-VP
+that IN B-SBAR
+this DT B-NP
+position NN I-NP
+is VBZ B-VP
+some DT B-NP
+kind NN I-NP
+of IN B-PP
+`` `` O
+flip-flop NN B-NP
+, , O
+'' '' O
+something NN B-NP
+newly RB B-VP
+arrived VBD I-VP
+at IN B-PP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+reading VBG B-VP
+the DT B-NP
+opinion NN I-NP
+polls NNS I-NP
+. . O
+
+My PRP$ B-NP
+position NN I-NP
+is VBZ B-VP
+one CD B-NP
+founded VBN B-VP
+on IN B-PP
+both DT B-NP
+the DT B-NP
+facts NNS I-NP
+and CC O
+the DT B-NP
+law NN I-NP
+. . O
+
+Although IN B-SBAR
+you PRP B-NP
+may MD B-VP
+have VB I-VP
+forgotten VBN I-VP
+, , O
+public JJ B-NP
+opinion NN I-NP
+about IN B-PP
+Gen. NNP B-NP
+Noriega NNP I-NP
+is VBZ B-VP
+where WRB B-ADVP
+it PRP B-NP
+is VBZ B-VP
+in IN B-PP
+large JJ B-NP
+measure NN I-NP
+because IN B-PP
+of IN I-PP
+my PRP$ B-NP
+investigation NN I-NP
+of IN B-PP
+his PRP$ B-NP
+years NNS I-NP
+of IN B-PP
+involvement NN B-NP
+in IN B-PP
+narcotics NNS B-NP
+smuggling VBG I-NP
+-LRB- ( O
+and CC O
+simultaneous JJ B-NP
+work NN I-NP
+as IN B-PP
+a DT B-NP
+U.S. NNP I-NP
+operative JJ I-NP
+-RRB- ) O
+. . O
+
+The DT B-NP
+public RB I-NP
+made VBN B-VP
+up IN B-PRT
+its PRP$ B-NP
+mind NN I-NP
+about IN B-PP
+Gen. NNP B-NP
+Noriega NNP I-NP
+largely RB B-ADVP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+hearings NNS I-NP
+I PRP B-NP
+chaired VBD B-VP
+in IN B-PP
+the DT B-NP
+Subcommittee NNP I-NP
+on IN B-PP
+Terrorism NNP B-NP
+and CC I-NP
+Narcotics NNPS I-NP
+of IN B-PP
+the DT B-NP
+Foreign NNP I-NP
+Relations NNP I-NP
+Committee NNP I-NP
+on IN B-PP
+Feb. NNP B-NP
+8 CD I-NP
+, , I-NP
+9 CD I-NP
+, , I-NP
+10 CD I-NP
+and CC I-NP
+11 CD I-NP
+, , I-NP
+1988 CD I-NP
+, , B-PP
+and CC I-PP
+again RB B-ADVP
+on IN B-PP
+April NNP B-NP
+4 CD I-NP
+, , I-NP
+1988 CD I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+during IN B-PP
+those DT B-NP
+hearings NNS I-NP
+that IN B-ADVP
+the DT B-NP
+nation NN I-NP
+first JJ B-ADVP
+learned VBD B-VP
+the DT B-NP
+breadth NN I-NP
+and CC I-NP
+depth NN I-NP
+of IN B-PP
+Gen. NNP B-NP
+Noriega NNP I-NP
+'s POS B-NP
+criminality NN I-NP
+, , B-PP
+and CC I-PP
+of IN B-PP
+his PRP$ B-NP
+enduring VBG I-NP
+relationships NNS I-NP
+with IN B-PP
+a DT B-NP
+variety NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+government NN I-NP
+agencies NNS I-NP
+. . O
+
+Those DT B-NP
+hearings NNS I-NP
+also RB B-ADVP
+highlighted VBN B-VP
+how WRB B-ADVP
+Gen. NNP B-NP
+Noriega NNP I-NP
+was VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+use VB I-VP
+his PRP$ B-NP
+relationships NNS I-NP
+with IN B-PP
+these DT B-NP
+agencies NNS I-NP
+to TO B-VP
+delay VB I-VP
+U.S. NNP B-NP
+action NN I-NP
+against IN B-PP
+him PRP B-NP
+, , O
+and CC O
+to TO B-VP
+exploit VB I-VP
+the DT B-NP
+administration NN I-NP
+'s POS B-NP
+obsession NN I-NP
+with IN B-PP
+overthrowing VBG B-VP
+the DT B-NP
+Sandinistas NNPS I-NP
+to TO B-VP
+protect VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+drug-dealing NN I-NP
+. . O
+
+As IN B-SBAR
+former JJ O
+Ambassador NNP O
+to TO B-PP
+Costa NNP B-NP
+Rica NNP I-NP
+Francis NNP B-NP
+J. NNP I-NP
+McNeil NNP I-NP
+testified VBD B-VP
+before IN B-PP
+the DT B-NP
+subcommittee NN I-NP
+, , O
+the DT B-NP
+Reagan NNP I-NP
+administration NN I-NP
+knew VBD B-VP
+that IN B-SBAR
+Gen. NNP B-NP
+Noriega NNP I-NP
+was VBD B-VP
+involved VBN B-ADJP
+with IN B-PP
+narcotics NNS B-NP
+, , O
+but CC O
+made VBD B-VP
+a DT B-NP
+decision NN I-NP
+in IN B-PP
+the DT B-NP
+summer NN I-NP
+of IN B-PP
+1986 CD B-NP
+`` `` O
+to TO B-VP
+put VB I-VP
+Gen. NNP B-NP
+Noriega NNP I-NP
+on IN B-PP
+the DT B-NP
+shelf NN I-NP
+until IN B-SBAR
+Nicaragua NNP B-NP
+was VBD B-VP
+settled VBN I-VP
+. . O
+'' '' O
+
+As IN B-SBAR
+the DT B-NP
+report NN I-NP
+issued VBN B-VP
+by IN B-PP
+the DT B-NP
+subcommittee NN I-NP
+concluded VBD B-VP
+, , O
+`` `` O
+Our PRP$ B-NP
+government NN I-NP
+did VBD B-VP
+nothing NN B-NP
+regarding VBG B-PP
+Gen. NNP B-NP
+Noriega NNP I-NP
+'s POS B-NP
+drug NN I-NP
+business NN I-NP
+and CC O
+substantial JJ B-NP
+criminal JJ I-NP
+involvement NN I-NP
+because IN B-SBAR
+the DT B-NP
+first JJ I-NP
+priority NN I-NP
+was VBD B-VP
+the DT B-NP
+Contra NNP I-NP
+war NN I-NP
+. . O
+
+This DT B-NP
+decision NN I-NP
+resulted VBD B-VP
+in IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+some DT B-NP
+drugs NNS I-NP
+entering VBG B-VP
+the DT B-NP
+United NNP I-NP
+States NNPS I-NP
+as IN B-PP
+a DT B-NP
+hidden VBN I-NP
+cost NN I-NP
+of IN B-PP
+the DT B-NP
+war NN I-NP
+. . O
+'' '' O
+
+Unfortunately RB B-ADVP
+, , O
+this DT B-NP
+problem NN I-NP
+continued VBD B-VP
+even RB B-PP
+after IN I-PP
+Gen. NNP B-NP
+Noriega NNP I-NP
+'s POS B-NP
+indictment NN I-NP
+. . O
+
+Throughout IN B-PP
+1988 CD B-NP
+and CC O
+this DT B-NP
+year NN I-NP
+, , O
+I PRP B-NP
+and CC O
+others NNS B-NP
+in IN B-PP
+Congress NNP B-NP
+have VBP B-VP
+pressed VBN I-VP
+the DT B-NP
+U.S. NNP I-NP
+to TO B-VP
+develop VB I-VP
+a DT B-NP
+plan NN I-NP
+for IN B-PP
+pushing VBG B-VP
+this DT B-NP
+`` `` I-NP
+narcokleptocrat NN I-NP
+'' '' O
+out IN B-PP
+of IN B-PP
+Panama NNP B-NP
+. . O
+
+Regrettably RB B-ADVP
+, , O
+two CD B-NP
+administrations NNS I-NP
+in IN B-PP
+a DT B-NP
+row NN I-NP
+have VBP B-VP
+been VBN I-VP
+unwilling JJ B-ADJP
+and CC I-ADJP
+unable JJ I-ADJP
+to TO B-VP
+develop VB I-VP
+any DT B-NP
+plan NN I-NP
+, , O
+military JJ B-ADJP
+or CC I-ADJP
+economic JJ I-ADJP
+, , O
+for IN B-PP
+supporting VBG B-VP
+the DT B-NP
+Panamanian JJ I-NP
+people NNS I-NP
+in IN B-PP
+their PRP$ B-NP
+attempts NNS I-NP
+to TO B-VP
+restore VB I-VP
+democracy NN B-NP
+. . O
+
+Sen. NNP B-NP
+John NNP I-NP
+Kerry NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Mass NNP B-NP
+. . O
+-RRB- ) O
+
+For IN B-PP
+Vietnamese JJ B-NP
+, , O
+these DT B-NP
+are VBP B-VP
+tricky JJ O
+, , O
+often RB B-ADVP
+treacherous JJ B-ADJP
+, , O
+times NNS B-NP
+. . O
+
+After IN B-PP
+years NNS B-NP
+of IN B-PP
+hesitation NN B-NP
+, , O
+economic JJ B-NP
+and CC I-NP
+political JJ I-NP
+reform NN I-NP
+was VBD B-VP
+embraced VBN I-VP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+1986 CD B-NP
+, , O
+but CC O
+ringing VBG B-NP
+declarations NNS I-NP
+have VBP B-VP
+yet RB I-VP
+to TO I-VP
+be VB I-VP
+translated VBN I-VP
+into IN B-PP
+much JJ B-NP
+action NN I-NP
+. . O
+
+Vietnam NNP B-NP
+is VBZ B-VP
+finding VBG I-VP
+that IN B-SBAR
+turning VBG B-VP
+a DT B-NP
+stagnant JJ I-NP
+socialist JJ I-NP
+order NN I-NP
+into IN B-PP
+a DT B-NP
+dynamic JJ I-NP
+free JJ I-NP
+market NN I-NP
+does VBZ B-VP
+n't RB I-VP
+come VB I-VP
+easy JJ B-ADVP
+. . O
+
+Here RB B-ADVP
+is VBZ B-VP
+how WRB B-ADVP
+three CD B-NP
+Vietnamese JJ I-NP
+are VBP B-VP
+coping VBG I-VP
+with IN B-PP
+change NN B-NP
+: : O
+
+The DT B-NP
+Tire NNP I-NP
+King NNP I-NP
+
+Nguyen NNP B-NP
+Van NNP I-NP
+Chan NNP I-NP
+is VBZ B-VP
+living VBG B-NP
+proof NN I-NP
+that IN B-SBAR
+old JJ B-NP
+ways NNS I-NP
+die VBP B-VP
+hard JJ B-ADVP
+. . O
+
+Mr. NNP B-NP
+Chan NNP I-NP
+used VBD B-VP
+to TO I-VP
+be VB I-VP
+an DT B-NP
+oddity NN I-NP
+in IN B-PP
+Hanoi NNP B-NP
+: : O
+a DT B-NP
+private JJ I-NP
+entrepreneur NN I-NP
+. . O
+
+His PRP$ B-NP
+business NN I-NP
+success NN I-NP
+made VBD B-VP
+him PRP B-NP
+an DT B-NP
+official JJ I-NP
+target NN I-NP
+in IN B-PP
+pre-reform JJ B-NP
+days NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Chan NNP I-NP
+, , O
+now RB B-ADVP
+64 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+invented VBD B-VP
+a DT B-NP
+fountain NN I-NP
+pen NN I-NP
+he PRP B-NP
+and CC O
+his PRP$ B-NP
+family NN I-NP
+produced VBN B-VP
+from IN B-PP
+plastic NN B-NP
+waste NN I-NP
+. . O
+
+Later RB B-ADVP
+, , O
+he PRP B-NP
+marketed VBD B-VP
+glue NN B-NP
+. . O
+
+Both DT B-NP
+products NNS I-NP
+were VBD B-VP
+immensely RB B-ADJP
+popular JJ I-ADJP
+. . O
+
+For IN B-PP
+his PRP$ B-NP
+troubles NNS I-NP
+, , O
+Mr. NNP B-NP
+Chan NNP I-NP
+was VBD B-VP
+jailed VBN I-VP
+three CD B-NP
+times NNS I-NP
+between IN B-PP
+1960 CD B-NP
+and CC I-NP
+1974 CD I-NP
+. . O
+
+Though IN B-SBAR
+his PRP$ B-NP
+operation NN I-NP
+was VBD B-VP
+registered VBN I-VP
+and CC O
+used VBN B-VP
+only JJ B-NP
+scrap NN I-NP
+, , O
+he PRP B-NP
+was VBD B-VP
+accused VBN I-VP
+of IN B-PP
+conducting VBG B-VP
+illegal JJ B-NP
+business NN I-NP
+and CC O
+possessing VBG B-VP
+illegal JJ B-NP
+materials NNS I-NP
+. . O
+
+Once RB B-ADVP
+he PRP B-NP
+was VBD B-VP
+held VBN I-VP
+for IN B-PP
+three CD B-NP
+months NNS I-NP
+without IN B-PP
+being VBG B-VP
+charged VBN I-VP
+. . O
+
+Things NNS B-NP
+were VBD B-VP
+supposed VBN I-VP
+to TO I-VP
+change VB I-VP
+when WRB B-ADVP
+Vietnam NNP B-NP
+'s POS B-NP
+economic JJ I-NP
+reforms NNS I-NP
+gathered VBD B-VP
+pace NN B-NP
+, , O
+and CC O
+for IN B-PP
+awhile RB B-ADVP
+they PRP B-NP
+did VBD B-VP
+. . O
+
+After IN B-PP
+years NNS B-NP
+of IN B-PP
+experimenting VBG B-NP
+, , O
+Mr. NNP B-NP
+Chan NNP I-NP
+produced VBD B-VP
+a DT B-NP
+heavy-duty JJ I-NP
+bicycle NN I-NP
+tire NN I-NP
+that WDT B-NP
+outlasted VBD B-VP
+its PRP$ B-NP
+state-produced JJ I-NP
+rival NN I-NP
+. . O
+
+By IN B-PP
+1982 CD B-NP
+, , O
+he PRP B-NP
+was VBD B-VP
+selling VBG I-VP
+thousands NNS B-NP
+of IN B-PP
+tires NNS B-NP
+. . O
+
+Newspapers NNS B-NP
+published VBD B-VP
+articles NNS B-NP
+about IN B-PP
+him PRP B-NP
+, , O
+and CC O
+he PRP B-NP
+was VBD B-VP
+hailed VBN I-VP
+as IN B-PP
+`` `` O
+the DT B-NP
+tire NN I-NP
+king NN I-NP
+. . O
+'' '' O
+
+His PRP$ B-NP
+efforts NNS I-NP
+earned VBD B-VP
+a DT B-NP
+gold NN I-NP
+medal NN I-NP
+at IN B-PP
+a DT B-NP
+national JJ I-NP
+exhibition NN I-NP
+-- : O
+and CC O
+attracted VBN B-VP
+renewed VBN B-NP
+attention NN I-NP
+from IN B-PP
+local JJ B-NP
+authorities NNS I-NP
+. . O
+
+District NN B-NP
+police NN I-NP
+in IN B-PP
+1983 CD B-NP
+descended VBD B-VP
+on IN B-PP
+his PRP$ B-NP
+suburban JJ I-NP
+home NN I-NP
+, , O
+which WDT B-NP
+he PRP B-NP
+and CC O
+his PRP$ B-NP
+large JJ I-NP
+family NN I-NP
+used VBN B-VP
+as IN B-PP
+both DT B-NP
+residence NN I-NP
+and CC I-NP
+factory NN I-NP
+, , O
+and CC O
+demanded VBD B-VP
+proof NN B-NP
+the DT B-NP
+house NN I-NP
+and CC I-NP
+equipment NN I-NP
+were VBD B-VP
+his PRP$ B-NP
+. . O
+
+He PRP B-NP
+produced VBD B-VP
+it PRP B-NP
+. . O
+
+`` `` O
+That DT B-NP
+was VBD B-VP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+they PRP B-NP
+lost VBD B-VP
+and CC O
+I PRP B-NP
+won VBD B-VP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+He PRP B-NP
+was VBD B-VP
+further JJ I-VP
+questioned VBD I-VP
+to TO B-VP
+determine VB I-VP
+if IN B-SBAR
+he PRP B-NP
+was VBD B-VP
+`` `` O
+a DT B-NP
+real JJ I-NP
+working NN I-NP
+man NN I-NP
+or CC O
+an DT B-NP
+exploiter NN I-NP
+. . O
+'' '' O
+
+Says VBZ B-VP
+Mr. NNP B-NP
+Chan NNP I-NP
+: : O
+`` `` O
+When WRB B-ADVP
+I PRP B-NP
+showed VBD B-VP
+it PRP B-NP
+was VBD B-VP
+from IN B-PP
+my PRP$ B-NP
+own JJ I-NP
+brain NN I-NP
+, , O
+they PRP B-NP
+lost VBD B-VP
+for IN B-PP
+the DT B-NP
+second JJ I-NP
+time NN I-NP
+. . O
+'' '' O
+
+But CC O
+a DT B-NP
+few JJ I-NP
+days NNS I-NP
+later RB B-ADVP
+the DT B-NP
+police NN I-NP
+accused VBD B-VP
+him PRP B-NP
+of IN B-PP
+stealing VBG B-VP
+electricity NN B-NP
+, , O
+acquiring VBG B-VP
+rubber NN B-NP
+without IN B-PP
+permission NN B-NP
+and CC O
+buying VBG B-VP
+stolen VBN B-NP
+property NN I-NP
+. . O
+
+Warned VBD B-VP
+he PRP B-NP
+was VBD B-VP
+to TO I-VP
+be VB I-VP
+jailed VBN I-VP
+again RB B-ADVP
+, , O
+he PRP B-NP
+fled VBD B-VP
+to TO B-PP
+the DT B-NP
+countryside NN I-NP
+. . O
+
+His PRP$ B-NP
+family NN I-NP
+was VBD B-VP
+given VBN I-VP
+three CD B-NP
+hours NNS I-NP
+to TO B-VP
+leave VB I-VP
+before IN O
+the DT B-NP
+house NN I-NP
+and CC I-NP
+contents NNS I-NP
+were VBD B-VP
+confiscated VBN I-VP
+. . O
+
+With IN B-PP
+only RB B-NP
+the DT I-NP
+clothes NNS I-NP
+they PRP B-NP
+were VBD B-VP
+wearing VBG I-VP
+, , O
+family NN B-NP
+members NNS I-NP
+moved VBD B-VP
+to TO B-PP
+a DT B-NP
+home NN I-NP
+owned VBN B-VP
+by IN B-PP
+one CD B-NP
+of IN B-PP
+Mr. NNP B-NP
+Chan NNP I-NP
+'s POS B-NP
+sons NNS I-NP
+. . O
+
+After IN B-PP
+six CD B-NP
+months NNS I-NP
+on IN B-PP
+the DT B-NP
+run NN I-NP
+, , O
+Mr. NNP B-NP
+Chan NNP I-NP
+learned VBD B-VP
+the DT B-NP
+order NN I-NP
+for IN B-PP
+his PRP$ B-NP
+arrest NN I-NP
+had VBD B-VP
+been VBN I-VP
+canceled VBN I-VP
+. . O
+
+He PRP B-NP
+rejoined VBD B-VP
+his PRP$ B-NP
+family NN I-NP
+in IN B-PP
+January NNP B-NP
+1984 CD I-NP
+and CC O
+began VBD B-VP
+the DT B-NP
+long JJ I-NP
+struggle NN I-NP
+for IN B-PP
+justice NN B-NP
+, , O
+pressing VBG B-VP
+everyone NN B-NP
+from IN B-PP
+Hanoi NNP B-NP
+municipal JJ I-NP
+officials NNS I-NP
+to TO B-PP
+National NNP B-NP
+Assembly NNP I-NP
+deputies NNS I-NP
+for IN B-PP
+restoration NN B-NP
+of IN B-PP
+his PRP$ B-NP
+rights NNS I-NP
+. . O
+
+He PRP B-NP
+and CC O
+his PRP$ B-NP
+family NN I-NP
+kept VBD B-VP
+afloat RB B-ADJP
+by IN B-PP
+repairing VBG B-VP
+bicycles NNS B-NP
+, , O
+selling VBG B-VP
+fruit NN B-NP
+and CC O
+doing VBG B-VP
+odd JJ B-NP
+jobs NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Chan NNP I-NP
+achieved VBD B-VP
+a DT B-NP
+breakthrough NN I-NP
+in IN B-PP
+1987 CD B-NP
+-- : O
+and CC O
+became VBD B-VP
+a DT B-NP
+minor JJ I-NP
+celebrity NN I-NP
+again RB B-ADVP
+-- : O
+when WRB B-ADVP
+his PRP$ B-NP
+story NN I-NP
+was VBD B-VP
+published VBN I-VP
+in IN B-PP
+a DT B-NP
+weekly JJ I-NP
+newspaper NN I-NP
+. . O
+
+In IN B-PP
+1988 CD B-NP
+, , O
+18 CD B-NP
+months NNS I-NP
+after IN O
+the DT B-NP
+sixth JJ I-NP
+congress NN I-NP
+formally RB B-ADVP
+endorsed VBD B-VP
+family-run JJ B-NP
+private JJ I-NP
+enterprise NN I-NP
+, , O
+district NN B-NP
+authorities NNS I-NP
+allowed VBD B-VP
+Mr. NNP B-NP
+Chan NNP I-NP
+to TO B-VP
+resume VB I-VP
+work NN B-NP
+. . O
+
+By IN B-PP
+late JJ B-NP
+last JJ I-NP
+year NN I-NP
+he PRP B-NP
+was VBD B-VP
+invited VBN I-VP
+back RB B-ADVP
+as IN B-PP
+`` `` O
+the DT B-NP
+tire NN I-NP
+king NN I-NP
+'' '' O
+to TO B-VP
+display VB I-VP
+his PRP$ B-NP
+products NNS I-NP
+at IN B-PP
+a DT B-NP
+national JJ I-NP
+exhibition NN I-NP
+. . O
+
+National JJ B-NP
+leaders NNS I-NP
+stopped VBN B-VP
+by IN B-PP
+his PRP$ B-NP
+stand NN I-NP
+to TO B-VP
+commend VB I-VP
+his PRP$ B-NP
+achievements NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Chan NNP I-NP
+now RB B-ADVP
+produces VBZ B-VP
+1,000 CD B-NP
+bicycle NN I-NP
+and CC I-NP
+motorbike NN I-NP
+tires VBZ I-NP
+a DT B-NP
+month NN I-NP
+and CC O
+1,000 CD B-NP
+tins NNS I-NP
+of IN B-PP
+tire-patching JJ B-NP
+glue NN I-NP
+in IN B-PP
+the DT B-NP
+son NN I-NP
+'s POS B-NP
+small JJ I-NP
+house NN I-NP
+. . O
+
+Eighteen CD B-NP
+people NNS I-NP
+pack VBP B-VP
+the DT B-NP
+house NN I-NP
+'s POS B-NP
+two CD I-NP
+rooms NNS I-NP
+-- : O
+the DT B-NP
+Chans NNS I-NP
+, , O
+four CD B-NP
+of IN B-PP
+their PRP$ B-NP
+10 CD I-NP
+children NNS I-NP
+with IN B-PP
+spouses NNS B-NP
+, , O
+and CC O
+eight CD B-NP
+of IN B-PP
+22 CD B-NP
+grandchildren NNS I-NP
+. . O
+
+Most JJS B-NP
+sleep VB B-VP
+on IN B-PP
+the DT B-NP
+floor NN I-NP
+. . O
+
+Come VB B-PP
+daybreak NN B-NP
+, , O
+eight CD B-NP
+family NN I-NP
+members NNS I-NP
+and CC O
+two CD B-NP
+other JJ I-NP
+workers NNS I-NP
+unroll VBP B-VP
+a DT B-NP
+sheet NN I-NP
+of IN B-PP
+raw JJ B-NP
+rubber NN I-NP
+that WDT B-NP
+covers VBZ B-VP
+the DT B-NP
+floor NN I-NP
+of IN B-PP
+the DT B-NP
+house NN I-NP
+and CC O
+spills NNS B-VP
+out IN B-ADVP
+onto IN B-PP
+the DT B-NP
+street NN I-NP
+. . O
+
+The DT B-NP
+primitive JJ I-NP
+operations NNS I-NP
+also RB B-ADVP
+burst VBP B-VP
+out RP B-PP
+the IN B-NP
+back JJ I-NP
+door NN I-NP
+into IN B-PP
+a DT B-NP
+small JJ I-NP
+courtyard NN I-NP
+, , O
+where WRB B-ADVP
+an DT B-NP
+ancient JJ I-NP
+press NN I-NP
+squeezes VBZ B-VP
+rubber NN B-NP
+solution NN I-NP
+into IN B-PP
+a DT B-NP
+flat JJ I-NP
+strip NN I-NP
+and CC O
+newly RB B-NP
+made VBN I-NP
+tires NNS I-NP
+are VBP B-VP
+cooled VBN I-VP
+in IN B-PP
+a DT B-NP
+bathtub NN I-NP
+filled VBN B-VP
+with IN B-PP
+water NN B-NP
+. . O
+
+Mr. NNP B-NP
+Chan NNP I-NP
+talks VBZ B-VP
+optimistically RB B-ADVP
+of IN B-PP
+expanding VBG B-VP
+, , O
+maybe RB B-VP
+even RB I-VP
+moving VBG I-VP
+into IN B-PP
+the DT B-NP
+import-export JJ I-NP
+field NN I-NP
+. . O
+
+First RB B-ADVP
+, , O
+however RB B-ADVP
+, , O
+he PRP B-NP
+has VBZ B-VP
+unfinished JJ B-NP
+business NN I-NP
+. . O
+
+When WRB B-ADVP
+district NN B-NP
+authorities NNS I-NP
+allowed VBN B-VP
+him PRP B-NP
+to TO B-VP
+resume VB I-VP
+manufacturing NN B-NP
+, , O
+they PRP B-NP
+released VBD B-VP
+only RB B-NP
+one CD I-NP
+of IN B-PP
+his PRP$ B-NP
+machines NNS I-NP
+. . O
+
+They PRP B-NP
+did VBD B-VP
+n't RB I-VP
+return VB I-VP
+the DT B-NP
+rubber NN I-NP
+stocks NNS I-NP
+that WDT B-NP
+represent VBP B-VP
+his PRP$ B-NP
+capital NN I-NP
+. . O
+
+Nor CC O
+did VBD O
+they PRP B-NP
+return VBP B-VP
+his PRP$ B-NP
+house NN I-NP
+and CC I-NP
+contents NNS I-NP
+, , O
+which WDT B-NP
+he PRP B-NP
+values VBZ B-VP
+at IN B-PP
+about RB B-NP
+$ $ I-NP
+44,000 CD I-NP
+. . O
+
+He PRP B-NP
+wants VBZ B-VP
+to TO I-VP
+recover VB I-VP
+more JJR B-NP
+than IN B-PP
+just RB B-NP
+his PRP$ I-NP
+property NN I-NP
+, , O
+though RB B-ADVP
+. . O
+
+`` `` O
+I PRP B-NP
+want VBP B-VP
+my PRP$ B-NP
+dignity NN I-NP
+back RB B-PRT
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+The DT B-NP
+Editor NNP I-NP
+
+Nguyen NNP B-NP
+Ngoc NNP I-NP
+seemed VBD B-VP
+an DT B-NP
+obvious JJ I-NP
+choice NN I-NP
+when WRB B-ADVP
+the DT B-NP
+Vietnamese NNP I-NP
+Writers NNP I-NP
+Association NNP I-NP
+was VBD B-VP
+looking VBG I-VP
+for IN B-PP
+a DT B-NP
+new JJ I-NP
+editor NN I-NP
+to TO B-VP
+reform VB I-VP
+its PRP$ B-NP
+weekly JJ I-NP
+newspaper NN I-NP
+, , O
+Van NNP B-NP
+Nghe NNP I-NP
+. . O
+
+After IN B-PP
+the DT B-NP
+sixth JJ I-NP
+congress NN I-NP
+, , O
+journalists NNS B-NP
+seized VBD B-VP
+the DT B-NP
+opportunity NN I-NP
+provided VBN B-VP
+by IN B-PP
+the DT B-NP
+liberalization NN I-NP
+to TO B-VP
+probe VB I-VP
+previously RB B-NP
+taboo JJ I-NP
+subjects NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Ngoc NNP I-NP
+, , O
+57 CD B-NP
+years NNS I-NP
+old JJ I-NP
+, , O
+had VBD B-VP
+solid JJ B-NP
+reformist NN I-NP
+credentials NNS I-NP
+: : O
+He PRP B-NP
+had VBD B-VP
+lost VBN I-VP
+his PRP$ B-NP
+official JJ I-NP
+position NN I-NP
+in IN B-PP
+the DT B-NP
+association NN I-NP
+in IN B-PP
+he PRP B-NP
+early JJ I-NP
+1980s CD I-NP
+because IN B-SBAR
+he PRP B-NP
+questioned VBD B-VP
+the DT B-NP
+intrusion NN I-NP
+of IN B-PP
+politics NNS B-NP
+into IN B-PP
+literature NN B-NP
+. . O
+
+Appointed VBN B-VP
+editor NN B-NP
+in IN B-PP
+chief JJ B-NP
+in IN B-PP
+July NNP B-NP
+1987 CD I-NP
+, , O
+Mr. NNP B-NP
+Ngoc NNP I-NP
+rapidly RB B-ADVP
+turned VBD B-VP
+the DT B-NP
+staid JJ I-NP
+Van NNP I-NP
+Nghe NNP I-NP
+into IN B-PP
+Vietnam NNP B-NP
+'s POS B-NP
+hottest JJS I-NP
+paper NN I-NP
+. . O
+
+Circulation NN B-NP
+soared VBD B-VP
+as IN B-SBAR
+the DT B-NP
+weekly NN I-NP
+went VBD B-VP
+way NN B-ADVP
+beyond IN B-PP
+standard JJ B-NP
+literary JJ I-NP
+themes NNS I-NP
+to TO B-VP
+cover VB I-VP
+Vietnamese JJ B-NP
+society NN I-NP
+and CC O
+its PRP$ B-NP
+ills NNS I-NP
+. . O
+
+Readers NNS B-NP
+were VBD B-VP
+electrified VBN I-VP
+by IN B-PP
+the DT B-NP
+paper NN I-NP
+'s POS B-NP
+audacity NN I-NP
+and CC O
+appalled VBN B-VP
+by IN B-PP
+the DT B-NP
+dark JJ I-NP
+side NN I-NP
+of IN B-PP
+life NN B-NP
+it PRP B-NP
+uncovered VBD B-VP
+. . O
+
+One CD B-NP
+article NN I-NP
+recounted VBD B-VP
+a DT B-NP
+decade-long JJ I-NP
+struggle NN I-NP
+by IN B-PP
+a DT B-NP
+wounded VBN I-NP
+soldier NN I-NP
+to TO B-VP
+prove VB I-VP
+, , O
+officially RB B-ADVP
+, , O
+he PRP B-NP
+was VBD B-VP
+alive JJ B-ADJP
+. . O
+
+Another DT B-NP
+described VBN B-VP
+how WRB B-ADVP
+tax-collection JJ B-NP
+officials NNS I-NP
+in IN B-PP
+Thanh NNP B-NP
+Hoa NNP I-NP
+province NN I-NP
+one CD B-NP
+night NN I-NP
+stormed VBD B-VP
+through IN B-PP
+homes NNS B-NP
+and CC O
+confiscated VBN B-VP
+rice NN B-NP
+from IN B-PP
+starving VBG B-NP
+villagers NNS I-NP
+. . O
+
+The DT B-NP
+newspaper NN I-NP
+also RB B-ADVP
+ran VBD B-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+controversial JJ B-NP
+short JJ I-NP
+stories NNS I-NP
+by IN B-PP
+Nguyen NNP B-NP
+Huy NNP I-NP
+Thiep NNP I-NP
+, , O
+a DT B-NP
+former JJ I-NP
+history NN I-NP
+teacher NN I-NP
+, , O
+who WP B-NP
+stirred VBD B-VP
+debate NN B-NP
+over IN B-PP
+his PRP$ B-NP
+interpretation NN I-NP
+of IN B-PP
+Vietnamese JJ B-NP
+culture NN I-NP
+and CC O
+took VBD B-VP
+a DT B-NP
+thinly RB I-NP
+veiled VBN I-NP
+swipe NN I-NP
+at IN B-PP
+writers NNS B-NP
+who WP B-NP
+had VBD B-VP
+blocked VBN I-VP
+his PRP$ B-NP
+entry NN I-NP
+into IN B-PP
+their PRP$ B-NP
+official JJ I-NP
+association NN I-NP
+. . O
+
+Van NNP B-NP
+Nghe NNP I-NP
+quickly RB B-ADVP
+made VBD B-VP
+influential JJ B-NP
+enemies NNS I-NP
+. . O
+
+`` `` O
+Those DT B-NP
+who WP B-NP
+manage VBP B-VP
+ideology NN B-NP
+and CC O
+a DT B-NP
+large JJ I-NP
+number NN I-NP
+of IN B-PP
+writers NNS B-NP
+reacted VBD B-VP
+badly RB B-ADVP
+'' '' O
+to TO B-PP
+the DT B-NP
+restyled VBN I-NP
+paper NN I-NP
+, , O
+says VBZ B-VP
+Lai NNP B-NP
+Nguyen NNP I-NP
+An DT I-NP
+, , O
+a DT B-NP
+literary JJ I-NP
+critic NN I-NP
+. . O
+
+After IN B-PP
+months NNS B-NP
+of IN B-PP
+internal JJ B-NP
+rumblings NNS I-NP
+, , O
+Mr. NNP B-NP
+Ngoc NNP I-NP
+was VBD B-VP
+fired VBN I-VP
+last JJ B-NP
+December NNP I-NP
+. . O
+
+His PRP$ B-NP
+dismissal NN I-NP
+triggered VBD B-VP
+a DT B-NP
+furor NN I-NP
+among IN B-PP
+intellectuals NNS B-NP
+that WDT B-NP
+continues VBZ B-VP
+today NN B-NP
+. . O
+
+`` `` O
+Under IN B-PP
+Mr. NNP B-NP
+Ngoc NNP I-NP
+, , O
+Van NNP B-NP
+Nghe NNP I-NP
+protected VBD B-VP
+the DT B-NP
+people NNS I-NP
+instead RB B-CONJP
+of IN I-CONJP
+the DT B-NP
+government NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Nguyen NNP B-NP
+Duy NNP I-NP
+, , O
+a DT B-NP
+poet NN I-NP
+who WP B-NP
+is VBZ B-VP
+the DT B-NP
+paper NN I-NP
+'s POS B-NP
+bureau NN I-NP
+chief NN I-NP
+for IN B-PP
+southern JJ B-NP
+Vietnam NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+paper NN I-NP
+reflected VBD B-VP
+the DT B-NP
+truth NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+leadership NN I-NP
+, , O
+that WDT B-NP
+was VBD B-VP
+too RB B-ADJP
+painful JJ I-ADJP
+to TO B-VP
+bear VB I-VP
+. . O
+'' '' O
+
+The DT B-NP
+` `` I-NP
+Billionaire NN I-NP
+' '' O
+
+Nguyen NNP B-NP
+Thi NNP I-NP
+Thi NNP I-NP
+is VBZ B-VP
+Vietnam NNP B-NP
+'s POS B-NP
+entrepreneur NN I-NP
+of IN B-PP
+the DT B-NP
+1980s CD I-NP
+. . O
+
+Her PRP$ B-NP
+challenge NN I-NP
+is VBZ B-VP
+to TO B-VP
+keep VB I-VP
+her PRP$ B-NP
+fledgling NN I-NP
+empire NN I-NP
+on IN B-PP
+top JJ B-NP
+in IN B-PP
+the DT B-NP
+1990s CD I-NP
+. . O
+
+Mrs. NNP B-NP
+Thi NNP I-NP
+did VBD B-VP
+n't RB I-VP
+wait VB I-VP
+for IN B-PP
+the DT B-NP
+reforms NNS I-NP
+to TO B-VP
+get VB I-VP
+her PRP$ B-NP
+start NN I-NP
+. . O
+
+She PRP B-NP
+charged VBD B-VP
+ahead RB B-ADVP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+and CC O
+the DT B-NP
+law NN I-NP
+to TO B-VP
+establish VB I-VP
+Hochiminh NNP B-NP
+City NNP I-NP
+Food NNP I-NP
+Co. NNP I-NP
+as IN B-PP
+the DT B-NP
+biggest JJS I-NP
+rice NN I-NP
+dealer NN I-NP
+in IN B-PP
+the DT B-NP
+country NN I-NP
+. . O
+
+Her PRP$ B-NP
+success NN I-NP
+, , O
+which WDT B-NP
+included VBD B-VP
+alleviating VBG I-VP
+an DT B-NP
+urban JJ I-NP
+food NN I-NP
+shortage NN I-NP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+1980s CD I-NP
+, , O
+helped VBD B-VP
+persuade VB I-VP
+Hanoi NNP B-NP
+to TO B-VP
+take VB I-VP
+the DT B-NP
+reform NN I-NP
+path NN I-NP
+. . O
+
+Her PRP$ B-NP
+story NN I-NP
+is VBZ B-VP
+becoming VBG I-VP
+part NN B-NP
+of IN B-PP
+local JJ B-NP
+folklore NN I-NP
+. . O
+
+A DT B-NP
+lifelong JJ I-NP
+revolutionary NN I-NP
+with IN B-PP
+little JJ B-NP
+education NN I-NP
+who WP B-NP
+fought VBD B-VP
+both DT B-NP
+the DT B-NP
+French JJ I-NP
+and CC O
+the DT B-NP
+U.S.-backed JJ I-NP
+Saigon NNP I-NP
+regime NN I-NP
+, , O
+she PRP B-NP
+switched VBD B-VP
+effortlessly RB B-ADVP
+to TO B-PP
+commerce NN B-NP
+after IN B-PP
+the DT B-NP
+war NN I-NP
+. . O
+
+Her PRP$ B-NP
+instincts NNS I-NP
+were VBD B-VP
+capitalistic JJ B-ADJP
+, , O
+despite IN B-PP
+her PRP$ B-NP
+background NN I-NP
+. . O
+
+As IN B-SBAR
+she PRP B-NP
+rode VBD B-VP
+over IN B-PP
+regulations NNS B-NP
+, , O
+only RB B-NP
+her PRP$ I-NP
+friendship NN I-NP
+with IN B-PP
+party NN B-NP
+leaders NNS I-NP
+, , O
+including VBG B-PP
+Nguyen NNP B-NP
+Van NNP I-NP
+Linh NNP I-NP
+, , O
+then RB B-ADVP
+Ho NNP B-NP
+Chi NNP I-NP
+Minh NNP I-NP
+City NNP I-NP
+party NN I-NP
+secretary NN I-NP
+, , O
+kept VBD B-VP
+her PRP B-NP
+out IN B-PP
+of IN B-PP
+jail NN B-NP
+. . O
+
+Following VBG B-PP
+Mr. NNP B-NP
+Linh NNP I-NP
+'s POS B-NP
+appointment NN I-NP
+as IN B-PP
+secretary-general NN B-NP
+of IN B-PP
+the DT B-NP
+party NN I-NP
+at IN B-PP
+the DT B-NP
+sixth JJ I-NP
+congress NN I-NP
+, , O
+Mrs. NNP B-NP
+Thi NNP I-NP
+has VBZ B-VP
+become VBN I-VP
+the DT B-NP
+darling NN I-NP
+of IN B-PP
+`` `` O
+doi FW B-NP
+moi FW I-NP
+'' '' O
+, , O
+the DT B-NP
+Vietnamese JJ I-NP
+version NN I-NP
+of IN B-PP
+perestroika FW B-NP
+. . O
+
+The DT B-NP
+authorities NNS I-NP
+have VBP B-VP
+steered VBN I-VP
+foreign JJ B-NP
+reporters NNS I-NP
+to TO B-PP
+her PRP$ B-NP
+office NN I-NP
+to TO B-VP
+see VB I-VP
+an DT B-NP
+example NN I-NP
+of IN B-PP
+`` `` O
+the DT B-NP
+new JJ I-NP
+way NN I-NP
+of IN B-PP
+thinking VBG B-NP
+. . O
+'' '' O
+
+Foreign JJ B-NP
+publications NNS I-NP
+have VBP B-VP
+responded VBN I-VP
+with IN B-PP
+articles NNS B-NP
+declaring VBG B-VP
+her PRP$ B-NP
+Vietnam NNP B-NP
+'s POS B-NP
+richest JJS I-NP
+woman NN I-NP
+. . O
+
+`` `` O
+Some DT B-NP
+people NNS I-NP
+call VBP B-VP
+me PRP B-NP
+the DT B-NP
+communist JJ I-NP
+billionaire NN I-NP
+, , O
+'' '' O
+she PRP B-NP
+has VBZ B-VP
+told VBN I-VP
+visitors NNS B-NP
+. . O
+
+Actually RB B-ADVP
+, , O
+67-year-old NNP B-NP
+Mrs. NNP I-NP
+Thi NNP I-NP
+is VBZ B-VP
+about IN B-ADJP
+as RB I-ADJP
+poor JJ I-ADJP
+as IN B-PP
+almost JJ B-NP
+everyone NN I-NP
+else RB I-NP
+in IN B-PP
+this DT B-NP
+impoverished JJ I-NP
+land NN I-NP
+. . O
+
+She PRP B-NP
+has VBZ B-VP
+indeed RB I-VP
+turned VBN I-VP
+Hochiminh NNP B-NP
+City NNP I-NP
+Food NNP I-NP
+into IN B-PP
+a DT B-NP
+budding VBG I-NP
+conglomerate NN I-NP
+, , O
+but CC O
+the DT B-NP
+company NN I-NP
+itself PRP B-NP
+remains VBZ B-VP
+state-owned JJ B-ADJP
+. . O
+
+She PRP B-NP
+manages VBZ B-VP
+it PRP B-NP
+with IN B-PP
+the DT B-NP
+title NN I-NP
+of IN B-PP
+general-director NN B-NP
+. . O
+
+The DT B-NP
+heart NN I-NP
+of IN B-PP
+the DT B-NP
+business NN I-NP
+is VBZ B-VP
+the DT B-NP
+purchase NN I-NP
+of IN B-PP
+rice NN B-NP
+and CC O
+other JJ B-NP
+commodities NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+corn NN B-NP
+and CC I-NP
+coffee NN I-NP
+, , O
+from IN B-PP
+farmers NNS B-NP
+in IN B-PP
+the DT B-NP
+south RB I-NP
+, , O
+paying VBG B-VP
+with IN B-PP
+fertilizer NN B-NP
+, , O
+farm NN B-NP
+tools NNS I-NP
+and CC O
+other JJ B-NP
+items NNS I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+, , O
+Hochiminh NNP B-NP
+City NNP I-NP
+Food NNP I-NP
+says VBZ B-VP
+it PRP B-NP
+bought VBD B-VP
+two CD B-NP
+million CD I-NP
+metric JJ I-NP
+tons NNS I-NP
+of IN B-PP
+unhusked VBN B-NP
+rice NN I-NP
+, , O
+more JJR B-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+output NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+operates VBZ B-VP
+a DT B-NP
+fleet NN I-NP
+of IN B-PP
+trucks NNS B-NP
+and CC I-NP
+boats NNS I-NP
+to TO B-VP
+transport VB I-VP
+the DT B-NP
+commodities NNS I-NP
+to TO B-PP
+its PRP$ B-NP
+warehouses NNS I-NP
+. . O
+
+A DT B-NP
+subsidiary NN I-NP
+company NN I-NP
+processes NNS B-VP
+commodities NNS B-NP
+into IN B-PP
+foods NNS B-NP
+such JJ B-PP
+as IN I-PP
+instant NN B-NP
+noodles NNS I-NP
+that WDT B-NP
+are VBP B-VP
+sold VBN I-VP
+with IN B-PP
+the DT B-NP
+rice NN I-NP
+through IN B-PP
+a DT B-NP
+vast JJ I-NP
+retail JJ I-NP
+network NN I-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+years NNS I-NP
+, , O
+Mrs. NNP B-NP
+Thi NNP I-NP
+has VBZ B-VP
+started VBN I-VP
+to TO I-VP
+diversify VB I-VP
+the DT B-NP
+company NN I-NP
+, , O
+taking VBG B-VP
+a DT B-NP
+20 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+newly RB B-NP
+established VBN I-NP
+, , I-NP
+partly RB I-NP
+private JJ I-NP
+Industrial NNP I-NP
+and CC I-NP
+Commercial NNP I-NP
+Bank NNP I-NP
+, , O
+and CC O
+setting VBG B-VP
+up IN B-PRT
+Saigon NNP B-NP
+Petro NNP I-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+and CC I-VP
+operates VBZ I-VP
+Vietnam NNP B-NP
+'s POS B-NP
+first JJ I-NP
+oil NN I-NP
+refinery NN I-NP
+. . O
+
+Mrs. NNP B-NP
+Thi NNP I-NP
+says VBZ B-VP
+Hochiminh NNP B-NP
+City NNP I-NP
+Food NNP I-NP
+last JJ B-NP
+year NN I-NP
+increased VBD B-VP
+pretax JJ B-NP
+profit NN I-NP
+60 CD B-NP
+% NN I-NP
+to TO B-PP
+the DT B-NP
+equivalent NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+2.7 CD I-NP
+million CD I-NP
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+. . O
+
+She PRP B-NP
+expects VBZ B-VP
+both DT B-NP
+revenue NN I-NP
+and CC I-NP
+profit NN I-NP
+to TO B-VP
+gain VB I-VP
+this DT B-NP
+year NN I-NP
+. . O
+
+She PRP B-NP
+is VBZ B-VP
+almost RB B-ADJP
+cavalier JJ I-ADJP
+about IN B-PP
+the DT B-NP
+possibility NN I-NP
+Vietnam NNP B-NP
+'s POS B-NP
+reforms NNS I-NP
+will MD B-VP
+create VB I-VP
+rivals NNS B-NP
+on IN B-PP
+her PRP$ B-NP
+home NN I-NP
+turf NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+mind VB I-VP
+the DT B-NP
+competition NN I-NP
+inside IN B-PP
+the DT B-NP
+country NN I-NP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+am VBP B-VP
+only RB B-ADVP
+afraid JJ B-ADJP
+that IN B-SBAR
+with IN B-PP
+Vietnam NNP B-NP
+'s POS B-NP
+poor-quality JJ I-NP
+products NNS I-NP
+we PRP B-NP
+ca MD B-VP
+n't RB I-VP
+compete VB I-VP
+with IN B-PP
+neighboring VBG B-NP
+countries NNS I-NP
+. . O
+
+The DT B-NP
+earthquake NN I-NP
+that WDT B-NP
+hit VBD B-VP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+is VBZ B-VP
+n't RB O
+likely JJ B-ADJP
+to TO B-VP
+result VB I-VP
+in IN B-PP
+wholesale JJ B-NP
+downgrading NN I-NP
+of IN B-PP
+bond NN B-NP
+ratings NNS I-NP
+, , O
+officials NNS B-NP
+at IN B-PP
+the DT B-NP
+two CD I-NP
+major JJ I-NP
+rating NN I-NP
+agencies NNS I-NP
+said VBD B-VP
+. . O
+
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+Corp. NNP I-NP
+is VBZ B-VP
+reviewing VBG I-VP
+debt NN B-NP
+issued VBN B-VP
+by IN B-PP
+12 CD B-NP
+California NNP I-NP
+counties NNS I-NP
+, , O
+and CC O
+`` `` O
+there EX B-NP
+are VBP B-VP
+potential JJ B-NP
+isolated VBN I-NP
+problems NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Hyman NNP B-NP
+Grossman NNP I-NP
+, , O
+a DT B-NP
+managing VBG I-NP
+director NN I-NP
+. . O
+
+The DT B-NP
+agency NN I-NP
+is VBZ B-VP
+preparing VBG I-VP
+a DT B-NP
+report NN I-NP
+, , O
+to TO B-VP
+be VB I-VP
+issued VBN I-VP
+today NN B-NP
+, , O
+on IN B-PP
+the DT B-NP
+earthquake NN I-NP
+'s POS B-NP
+impact NN I-NP
+on IN B-PP
+the DT B-NP
+property- NN I-NP
+and CC I-NP
+casualty-insurance NN I-NP
+industry NN I-NP
+. . O
+
+The DT B-NP
+only JJ I-NP
+securities NNS I-NP
+so RB B-ADVP
+far RB I-ADVP
+to TO B-VP
+be VB I-VP
+singled VBN I-VP
+out IN B-PRT
+are VBP B-VP
+those DT B-NP
+issued VBN B-VP
+by IN B-PP
+Bay NNP B-NP
+View NNP I-NP
+Federal NNP I-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+. . O
+
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+reviewing VBG I-VP
+, , O
+with IN B-PP
+an DT B-NP
+eye NN I-NP
+toward IN B-PP
+a DT B-NP
+possible JJ I-NP
+downgrade NN I-NP
+, , O
+the DT B-NP
+ratings NNS I-NP
+on IN B-PP
+Bay NNP B-NP
+View NNP I-NP
+Federal NNP I-NP
+bonds NNS I-NP
+, , O
+long-term JJ B-NP
+deposits NNS I-NP
+and CC O
+the DT B-NP
+preferred-stock JJ I-NP
+rating NN I-NP
+of IN B-PP
+its PRP$ B-NP
+parent NN I-NP
+company NN I-NP
+, , O
+Bay NNP B-NP
+View NNP I-NP
+Capital NNP I-NP
+Corp NNP I-NP
+. . O
+
+As IN B-PP
+for IN B-PP
+property NN B-NP
+and CC I-NP
+casualty NN I-NP
+insurers NNS I-NP
+, , O
+Moody NNP B-NP
+'s POS B-NP
+said VBD B-VP
+`` `` O
+preliminary JJ B-NP
+estimates NNS I-NP
+suggest VBP B-VP
+that IN B-SBAR
+losses NNS B-NP
+should MD B-VP
+not RB I-VP
+have VB I-VP
+a DT B-NP
+significant JJ I-NP
+impact NN I-NP
+on IN B-PP
+most RBS B-NP
+insurers NNS I-NP
+' POS B-NP
+financial JJ I-NP
+condition NN I-NP
+, , O
+'' '' O
+but CC O
+it PRP B-NP
+`` `` O
+raises VBZ B-VP
+concerns NNS B-NP
+about IN B-PP
+potentially RB B-NP
+substantial JJ I-NP
+risks NNS I-NP
+'' '' O
+longer-term JJ B-ADJP
+. . O
+
+`` `` O
+Losses NNS B-NP
+from IN B-PP
+the DT B-NP
+earthquake NN I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+of IN B-PP
+similar JJ B-NP
+magnitude NN I-NP
+to TO B-PP
+those DT B-NP
+of IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+'' '' O
+according VBG B-PP
+to TO B-PP
+Moody NNP B-NP
+'s POS B-NP
+. . O
+
+Your PRP$ B-NP
+Oct. NNP I-NP
+5 NN I-NP
+editorial NN I-NP
+`` `` O
+A DT B-NP
+Democratic NNP I-NP
+Tax NNP I-NP
+Cut VB I-NP
+'' '' O
+contained VBD B-VP
+an DT B-NP
+error NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+third JJ I-NP
+paragraph NN I-NP
+it PRP B-NP
+referred VBD B-VP
+to TO B-PP
+the DT B-NP
+senators NNS I-NP
+seeking VBG B-VP
+loophole NN B-NP
+suggestions NNS I-NP
+from IN B-PP
+lobbyists NNS B-NP
+for IN B-PP
+various JJ B-NP
+sectors NNS I-NP
+of IN B-PP
+the DT B-NP
+economy NN I-NP
+. . O
+
+Among IN B-PP
+them PRP B-NP
+, , O
+`` `` O
+banana NN B-NP
+farmers NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+only RB I-NP
+significant JJ I-NP
+commercial JJ I-NP
+banana NN I-NP
+farmers NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+are VBP B-VP
+in IN B-PP
+Hawaii NNP B-NP
+. . O
+
+The DT B-NP
+Hawaii NNP I-NP
+Banana NNP I-NP
+Industry NNP I-NP
+Association NNP I-NP
+, , O
+to TO B-PP
+which WDT B-NP
+nearly RB B-NP
+all DT I-NP
+of IN B-PP
+them PRP B-NP
+belong VBP B-VP
+, , O
+has VBZ B-VP
+no DT B-NP
+lobbyist NN I-NP
+. . O
+
+Thomas NNP B-NP
+V. NNP I-NP
+Reese NNP I-NP
+Sr NNP I-NP
+. . O
+Maui NNP B-NP
+Banana NNP I-NP
+Co NNP I-NP
+. . O
+
+Western NNP B-NP
+Digital NNP I-NP
+Corp. NNP I-NP
+reported VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+2.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+nine CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+for IN B-PP
+its PRP$ B-NP
+first JJ I-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+citing VBG B-VP
+factors NNS B-NP
+as RB B-ADJP
+varied VBN I-ADJP
+as IN B-PP
+hurricane NN B-NP
+damage NN I-NP
+, , O
+an DT B-NP
+advance NN I-NP
+in IN B-PP
+graphics NNS B-NP
+technology NN I-NP
+and CC O
+the DT B-NP
+strengthening VBG I-NP
+dollar NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+12.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+45 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+247 CD I-NP
+million CD I-NP
+. . O
+
+Sales NNS B-NP
+for IN B-PP
+the DT B-NP
+just-ended JJ I-NP
+period NN I-NP
+fell VBD B-VP
+to TO B-PP
+about RB B-NP
+$ $ I-NP
+225 CD I-NP
+million CD I-NP
+, , O
+the DT B-NP
+maker NN I-NP
+of IN B-PP
+computer NN B-NP
+parts NNS I-NP
+said VBD B-VP
+. . O
+
+Nonetheless RB B-ADVP
+, , O
+Chairman NNP B-NP
+Roger NNP I-NP
+W. NNP I-NP
+Johnson NNP I-NP
+said VBD B-VP
+he PRP B-NP
+expects VBZ B-VP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+be VB I-VP
+profitable JJ B-ADJP
+in IN B-PP
+the DT B-NP
+current JJ I-NP
+quarter NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+positioned VBN I-VP
+to TO I-VP
+come VB I-VP
+through IN B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+noting VBG B-VP
+that IN B-SBAR
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+backlog NN I-NP
+was VBD B-VP
+up IN B-ADVP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+quarter NN I-NP
+. . O
+
+In IN B-PP
+its PRP$ B-NP
+second JJ I-NP
+quarter NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+Western NNP B-NP
+Digital NNP I-NP
+earned VBD B-VP
+$ $ B-NP
+12.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+44 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+258.4 CD I-NP
+million CD I-NP
+. . O
+
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+Western NNP B-NP
+Digital NNP I-NP
+'s POS B-NP
+plant NN I-NP
+in IN B-PP
+Puerto NNP B-NP
+Rico NNP I-NP
+was VBD B-VP
+affected VBN I-VP
+by IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+losing VBG B-VP
+three CD B-NP
+days NNS I-NP
+' POS B-NP
+production NN I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+storm NN I-NP
+, , O
+which WDT B-NP
+wrecked VBD B-VP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+Caribbean NNP I-NP
+island NN I-NP
+'s POS B-NP
+infrastructure NN I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+plant NN I-NP
+itself PRP B-NP
+was VBD B-VP
+n't RB I-VP
+damaged VBN I-VP
+, , O
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+millions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+in IN B-PP
+first-quarter JJ B-NP
+revenue NN I-NP
+were VBD B-VP
+lost VBN I-VP
+. . O
+
+The DT B-NP
+revenue NN I-NP
+will MD B-VP
+be VB I-VP
+regained VBN I-VP
+in IN B-PP
+the DT B-NP
+current JJ I-NP
+period NN I-NP
+, , O
+he PRP B-NP
+added VBD B-VP
+. . O
+
+There EX B-NP
+are VBP B-VP
+no DT B-NP
+plans NNS I-NP
+to TO B-VP
+initiate VB I-VP
+a DT B-NP
+common JJ I-NP
+stock NN I-NP
+dividend NN I-NP
+, , O
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+, , O
+explaining VBG B-VP
+that IN B-SBAR
+the DT B-NP
+board NN I-NP
+continues VBZ B-VP
+to TO I-VP
+believe VB I-VP
+shareholders NNS B-NP
+are VBP B-VP
+best RBS I-VP
+served VBN I-VP
+by IN B-PP
+reinvesting VBG B-VP
+excess JJ B-NP
+cash NN I-NP
+. . O
+
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+the DT B-NP
+first-quarter JJ I-NP
+loss NN I-NP
+also RB B-ADVP
+heavily RB B-VP
+reflected VBD I-VP
+a DT B-NP
+rapid JJ I-NP
+change NN I-NP
+in IN B-PP
+graphics NNS B-NP
+technology NN B-NP
+that WDT B-NP
+left VBD B-VP
+reseller JJR B-NP
+channels NNS I-NP
+with IN B-PP
+too RB B-NP
+many NN I-NP
+of IN B-PP
+the DT B-NP
+old JJ I-NP
+computer NN I-NP
+graphics NNS I-NP
+boards NNS I-NP
+and CC O
+too RB B-NP
+few JJ I-NP
+new JJ I-NP
+monitors NNS I-NP
+compatible JJ B-ADJP
+with IN B-PP
+the DT B-NP
+new JJ I-NP
+graphics NNS I-NP
+boards NNS I-NP
+. . O
+
+Western NNP B-NP
+Digital NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+make VB I-VP
+the DT B-NP
+monitors NNS I-NP
+. . O
+
+An DT B-NP
+accelerating VBG I-NP
+move NN I-NP
+by IN B-PP
+personal JJ B-NP
+computer NN I-NP
+manufacturers NNS I-NP
+' POS B-NP
+to TO B-VP
+include VB I-VP
+advanced VBD B-NP
+graphics NNS I-NP
+capabilities NNS I-NP
+as IN B-PP
+standard JJ B-NP
+equipment NN I-NP
+further JJ B-ADVP
+dampened VBD B-VP
+reseller JJR B-NP
+purchases NNS I-NP
+of IN B-PP
+Western NNP B-NP
+Digital NNP I-NP
+'s POS B-NP
+equipment NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+other JJ I-NP
+areas NNS I-NP
+of IN B-PP
+the DT B-NP
+business NN I-NP
+-- : O
+storage NN B-NP
+and CC I-NP
+microcomputers NNS I-NP
+-- : O
+were VBD B-VP
+very RB B-ADJP
+good JJ I-ADJP
+, , O
+'' '' O
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+Western NNP B-NP
+Digital NNP I-NP
+has VBZ B-VP
+reacted VBN I-VP
+swiftly RB B-ADVP
+to TO B-PP
+the DT B-NP
+movement NN I-NP
+to TO B-PP
+video NN B-NP
+graphics NNS I-NP
+array NN I-NP
+, , O
+VGA NNP O
+, , O
+graphics NNS B-NP
+technology NN I-NP
+from IN B-PP
+the DT O
+old JJ O
+enhanced VBN O
+graphics NNS O
+adapter NN O
+, , O
+EGA NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+a DT B-NP
+lower JJR I-NP
+resolution NN I-NP
+standard JJ I-NP
+, , O
+technology NN B-NP
+and CC O
+now RB B-VP
+is VBZ I-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+leading VBG I-NP
+producers NNS I-NP
+of IN B-PP
+these DT B-NP
+newer JJR I-NP
+units NNS I-NP
+. . O
+
+Other JJ B-NP
+makers NNS I-NP
+of IN B-PP
+video NN B-NP
+controller NN I-NP
+equipment NN I-NP
+also RB B-ADVP
+were VBD B-VP
+caught VBN I-VP
+in IN B-PP
+the DT B-NP
+EGA-VGA JJ I-NP
+shift NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+`` `` O
+but CC O
+we PRP B-NP
+were VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+respond VB I-VP
+much RB B-ADVP
+more RBR I-ADVP
+quickly RB I-ADVP
+. . O
+'' '' O
+
+Still RB B-ADVP
+, , O
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+our PRP$ B-NP
+stock NN I-NP
+is VBZ B-VP
+grossly RB B-ADVP
+undervalued VBN I-ADVP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+has VBZ B-VP
+cut VBN I-VP
+operating VBG B-NP
+expenses NNS I-NP
+by IN B-PP
+about IN B-NP
+10 CD I-NP
+% NN I-NP
+over IN B-PP
+the DT B-NP
+last JJ I-NP
+few JJ I-NP
+quarters NNS I-NP
+, , O
+while IN B-SBAR
+maintaining VBG B-VP
+research NN B-NP
+and CC I-NP
+development NN I-NP
+at IN B-PP
+about IN B-NP
+8 CD I-NP
+% NN I-NP
+to TO I-NP
+9 CD I-NP
+% NN I-NP
+of IN B-PP
+sales NNS B-NP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+reorganization NN I-NP
+this DT B-NP
+week NN I-NP
+, , O
+Western NNP B-NP
+Digital NNP I-NP
+has VBZ B-VP
+divided VBN I-VP
+its PRP$ B-NP
+business NN I-NP
+into IN B-PP
+two CD B-NP
+segments NNS I-NP
+-- : O
+storage NN B-NP
+products NNS I-NP
+, , O
+including VBG B-PP
+controllers NNS B-NP
+and CC O
+disk NN B-NP
+drives NNS I-NP
+; : O
+and CC O
+microcomputer NN B-NP
+products NNS I-NP
+, , O
+which WDT B-NP
+include VBP B-VP
+graphics NNS B-NP
+, , I-NP
+communications NNS I-NP
+and CC I-NP
+peripheral JJ I-NP
+control NN I-NP
+chips NNS I-NP
+. . O
+
+Graphics NNP B-NP
+, , I-NP
+communications NNS I-NP
+and CC I-NP
+peripheral JJ I-NP
+control NN I-NP
+chips NNS I-NP
+were VBD B-VP
+combined VBN I-VP
+because IN B-SBAR
+, , O
+increasingly RB B-ADVP
+, , O
+multiple JJ B-NP
+functions NNS I-NP
+are VBP B-VP
+being VBG I-VP
+governed VBN I-VP
+by IN B-PP
+a DT B-NP
+single JJ I-NP
+chip NN I-NP
+. . O
+
+Storage NNP B-NP
+, , O
+which WDT B-NP
+includes VBZ B-VP
+computer NN B-NP
+controllers NNS I-NP
+and CC O
+3.5-inch CD B-NP
+disk NN I-NP
+drives NNS I-NP
+, , O
+represents VBZ B-VP
+nearly RB B-NP
+two-thirds NNS I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+business NN I-NP
+. . O
+
+Disk NN B-NP
+drives NNS I-NP
+, , O
+which WDT B-NP
+allow VBP B-VP
+a DT B-NP
+computer NN I-NP
+to TO B-VP
+access VB I-VP
+its PRP$ B-NP
+memory NN I-NP
+, , O
+generated VBN B-VP
+38 CD B-NP
+% NN I-NP
+more JJR B-NP
+revenue NN I-NP
+in IN B-PP
+the DT B-NP
+most RBS I-NP
+recent JJ I-NP
+period NN I-NP
+compared VBN B-PP
+with IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+first JJ I-NP
+quarter NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Computer NN B-NP
+parts NNS I-NP
+are VBP B-VP
+getting VBG I-VP
+ever RB B-ADJP
+smaller JJR I-ADJP
+, , O
+Mr. NNP B-NP
+Johnson NNP I-NP
+said VBD B-VP
+, , O
+a DT B-NP
+shrinking VBG I-NP
+that WDT B-NP
+has VBZ B-VP
+propelled VBN I-VP
+laptops NNS B-NP
+into IN B-PP
+position NN B-NP
+as IN B-PP
+the DT B-NP
+fastest-growing JJ I-NP
+segment NN I-NP
+of IN B-PP
+the DT B-NP
+computer NN I-NP
+business NN I-NP
+. . O
+
+As IN B-SBAR
+smaller JJR B-NP
+and CC I-NP
+more RBR I-NP
+powerful JJ I-NP
+computers NNS I-NP
+continue VBP B-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+focus NN I-NP
+of IN B-PP
+the DT B-NP
+industry NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+Western NNP B-NP
+Digital NNP I-NP
+is VBZ B-VP
+strengthening VBG I-VP
+development NN B-NP
+of IN B-PP
+laptop NN B-NP
+parts NNS I-NP
+. . O
+
+Next JJ B-NP
+year NN I-NP
+Western NNP B-NP
+Digital NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+consolidate VB I-VP
+its PRP$ B-NP
+operations NNS I-NP
+from IN B-PP
+11 CD B-NP
+buildings NNS I-NP
+in IN B-PP
+Irvine NNP B-NP
+into IN B-PP
+two CD B-NP
+buildings NNS I-NP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+city NN I-NP
+a DT B-NP
+new JJ I-NP
+headquarters NN I-NP
+and CC O
+, , O
+a DT B-NP
+block NN I-NP
+away RB B-ADVP
+, , O
+a DT B-NP
+modern JJ I-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+silicon NN I-NP
+wafer NN I-NP
+fabrication NN I-NP
+plant NN I-NP
+. . O
+
+The DT B-NP
+plan NN I-NP
+will MD B-VP
+help VB I-VP
+the DT B-NP
+company NN I-NP
+in IN B-PP
+its PRP$ B-NP
+existing VBG I-NP
+joint JJ I-NP
+manufacturing NN I-NP
+agreement NN I-NP
+with IN B-PP
+AT&T NNP B-NP
+. . O
+
+About IN B-NP
+half NN I-NP
+of IN B-PP
+Western NNP B-NP
+Digital NNP I-NP
+'s POS B-NP
+business NN I-NP
+is VBZ B-VP
+overseas JJ B-ADVP
+, , O
+and CC O
+Mr. NNP B-NP
+Johnson NNP I-NP
+expects VBZ B-VP
+that DT B-NP
+proportion NN I-NP
+to TO B-VP
+continue VB I-VP
+. . O
+
+Plans NNS B-NP
+to TO B-VP
+dissolve VB I-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+trade NN I-NP
+barriers NNS I-NP
+within IN B-PP
+Europe NNP B-NP
+in IN B-PP
+1992 CD B-NP
+creates VBZ B-VP
+significant JJ B-NP
+opportunities NNS I-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+particularly RB B-ADVP
+since IN B-SBAR
+Western NNP B-NP
+Digital NNP I-NP
+already RB B-ADVP
+manufactures VBZ B-VP
+there RB B-ADVP
+. . O
+
+Capitalizing VBG B-VP
+on IN B-PP
+that DT B-NP
+presence NN I-NP
+, , O
+Western NNP B-NP
+Digital NNP I-NP
+is VBZ B-VP
+launching VBG I-VP
+a DT B-NP
+major JJ I-NP
+effort NN I-NP
+to TO B-VP
+develop VB I-VP
+the DT B-NP
+embryonic JJ I-NP
+reseller JJR I-NP
+market NN I-NP
+in IN B-PP
+Europe NNP B-NP
+. . O
+
+Directors NNS B-NP
+of IN B-PP
+state-owned JJ B-NP
+Banca NNP I-NP
+Nazionale NNP I-NP
+del NNP I-NP
+Lavoro NNP I-NP
+approved VBD B-VP
+a DT B-NP
+two-step JJ I-NP
+capital-boosting JJ I-NP
+transaction NN I-NP
+and CC O
+a DT B-NP
+change NN I-NP
+in IN B-PP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+rules NNS I-NP
+that WDT B-NP
+will MD B-VP
+help VB I-VP
+it PRP B-NP
+operate VB B-VP
+more JJR B-ADVP
+like IN B-PP
+a DT B-NP
+private-sector JJ I-NP
+institution NN I-NP
+. . O
+
+Until IN B-PP
+now RB B-ADVP
+, , O
+BNL NNP B-NP
+'s POS B-NP
+top JJ I-NP
+managers NNS I-NP
+and CC O
+its PRP$ B-NP
+directors NNS I-NP
+have VBP B-VP
+been VBN I-VP
+appointed VBN I-VP
+by IN B-PP
+a DT B-NP
+Treasury NNP I-NP
+decree NN I-NP
+. . O
+
+But CC O
+under IN B-PP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+proposed VBN I-NP
+statutes NNS I-NP
+, , O
+an DT B-NP
+assembly NN I-NP
+of IN B-PP
+shareholders NNS B-NP
+must MD B-VP
+approve VB I-VP
+board NN B-NP
+members NNS I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+'s POS B-NP
+chairman NN I-NP
+and CC I-NP
+director NN I-NP
+general JJ I-NP
+, , O
+who WP B-NP
+also RB B-ADVP
+sit VB B-VP
+on IN B-PP
+the DT B-NP
+board NN I-NP
+, , O
+still RB B-ADVP
+would MD B-VP
+be VB I-VP
+appointed VBN I-VP
+by IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+. . O
+
+BNL NNP B-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+controlled VBN I-VP
+by IN B-PP
+the DT B-NP
+Italian NNP I-NP
+Treasury NNP I-NP
+, , O
+was VBD B-VP
+rocked VBN I-VP
+by IN B-PP
+the DT B-NP
+disclosure NN I-NP
+last JJ B-NP
+month NN I-NP
+that IN B-SBAR
+its PRP$ B-NP
+Atlanta NNP I-NP
+branch NN I-NP
+extended VBN B-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+3 CD I-NP
+billion CD I-NP
+in IN B-PP
+unauthorized JJ B-NP
+credits NNS I-NP
+to TO B-PP
+Iraq NNP B-NP
+. . O
+
+The DT B-NP
+ensuing VBG I-NP
+scandal NN I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+management NN I-NP
+resigned VBD B-VP
+, , O
+has VBZ B-VP
+helped VBN I-VP
+renew VB I-VP
+calls VBZ B-NP
+for IN B-PP
+privatization NN B-NP
+, , O
+or CC O
+at IN B-ADVP
+least JJS I-ADVP
+an DT B-NP
+overhaul NN I-NP
+, , O
+of IN B-PP
+Italy NNP B-NP
+'s POS B-NP
+banking NN I-NP
+system NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+about IN B-NP
+80 CD I-NP
+% NN I-NP
+state-controlled JJ B-ADJP
+. . O
+
+In IN B-PP
+a DT B-NP
+related VBN I-NP
+move NN I-NP
+, , O
+the DT B-NP
+bank NN I-NP
+also RB B-ADVP
+proposed VBD B-VP
+that DT B-SBAR
+board NN B-NP
+representation NN I-NP
+be VB B-VP
+linked VBN I-VP
+more RBR B-ADVP
+closely RB I-ADVP
+to TO B-PP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+new JJ I-NP
+shareholding NN I-NP
+structure NN I-NP
+. . O
+
+BNL NNP B-NP
+called VBD B-VP
+a DT B-NP
+shareholders NNS I-NP
+' POS B-NP
+assembly NN I-NP
+meeting NN I-NP
+in IN B-PP
+December NNP B-NP
+to TO B-VP
+vote VB I-VP
+on IN B-PP
+the DT B-NP
+proposals NNS I-NP
+. . O
+
+BNL NNP B-NP
+has VBZ B-VP
+about IN B-NP
+75,000 CD I-NP
+nonvoting JJ I-NP
+shares NNS I-NP
+that WDT B-NP
+are VBP B-VP
+listed VBN I-VP
+on IN B-PP
+the DT B-NP
+Milan NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+The DT B-NP
+shares NNS I-NP
+were VBD B-VP
+suspended VBN I-VP
+from IN B-PP
+trading NN B-NP
+following VBG B-PP
+disclosure NN B-NP
+of IN B-PP
+the DT B-NP
+Atlanta NNP I-NP
+scandal NN I-NP
+; : O
+Consob NNP B-NP
+, , O
+the DT B-NP
+stock NN I-NP
+exchange NN I-NP
+regulatory JJ I-NP
+body NN I-NP
+, , O
+reportedly RB B-ADVP
+will MD B-VP
+decide VB I-VP
+soon RB B-ADVP
+whether IN B-SBAR
+to TO B-VP
+end VB I-VP
+the DT B-NP
+trading NN I-NP
+suspension NN I-NP
+. . O
+
+Switzerland NNP B-NP
+'s POS B-NP
+wholesale JJ I-NP
+price NN I-NP
+index NN I-NP
+increased VBN B-VP
+0.3 CD B-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+from IN B-PP
+August NNP B-NP
+, , O
+and CC O
+was VBD B-VP
+up IN B-PP
+3.9 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+marking VBG B-VP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+this DT B-NP
+year NN I-NP
+that IN B-ADVP
+the DT B-NP
+index NN I-NP
+has VBZ B-VP
+fallen VBN I-VP
+below IN B-PP
+4 CD B-NP
+% NN I-NP
+on IN B-PP
+a DT B-NP
+year-to-year JJ I-NP
+basis NN I-NP
+, , O
+the DT B-NP
+government NN I-NP
+reported VBD B-VP
+. . O
+
+The DT B-NP
+government NN I-NP
+attributed VBD B-VP
+the DT B-NP
+0.3 CD I-NP
+% NN I-NP
+month-to-month JJ I-NP
+rise NN I-NP
+in IN B-PP
+the DT B-NP
+index NN I-NP
+largely RB B-ADVP
+to TO B-PP
+higher JJR B-NP
+energy NN I-NP
+prices NNS I-NP
+. . O
+
+In IN B-PP
+August NNP B-NP
+, , O
+the DT B-NP
+index NN I-NP
+was VBD B-VP
+up IN B-ADVP
+0.2 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+month NN I-NP
+, , O
+and CC O
+was VBD B-VP
+up IN B-ADVP
+4.5 CD B-NP
+% NN I-NP
+on IN B-PP
+a DT B-NP
+year-to-year JJ I-NP
+basis NN I-NP
+. . O
+
+The DT B-NP
+wholesale JJ I-NP
+price NN I-NP
+index NN I-NP
+, , O
+based VBN B-VP
+on IN B-PP
+1963 CD B-NP
+as IN B-PP
+100 CD B-NP
+, , O
+was VBD B-VP
+180.9 CD B-NP
+in IN B-PP
+September NNP B-NP
+. . O
+
+American NNP B-NP
+Express NNP I-NP
+Co. NNP I-NP
+posted VBD B-VP
+a DT B-NP
+21 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+third JJ B-NP
+quarter NN I-NP
+net JJ I-NP
+income NN I-NP
+despite IN B-PP
+a DT B-NP
+sharp JJ I-NP
+rise NN I-NP
+in IN B-PP
+reserves NNS B-NP
+for IN B-PP
+Third NNP B-NP
+World NNP I-NP
+loans NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+banking NN I-NP
+unit NN I-NP
+. . O
+
+Aided VBN B-VP
+by IN B-PP
+a DT B-NP
+sharp JJ I-NP
+gain NN I-NP
+in IN B-PP
+its PRP$ B-NP
+travel NN I-NP
+business NN I-NP
+, , O
+American NNP B-NP
+Express NNP I-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+331.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+77 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+273.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+64 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+year-earlier JJ I-NP
+figures NNS I-NP
+included VBD B-VP
+$ $ B-NP
+9.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+three CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+income NN B-NP
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+. . O
+
+Income NNP B-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+was VBD B-VP
+up IN B-ADVP
+26 CD B-NP
+% NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+24 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+6.5 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+5.23 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+travel NN I-NP
+, , I-NP
+investment NN I-NP
+services NNS I-NP
+, , I-NP
+insurance NN I-NP
+and CC I-NP
+banking NN I-NP
+concern NN I-NP
+added VBD B-VP
+$ $ B-NP
+110 CD I-NP
+million CD I-NP
+to TO B-PP
+reserves NNS B-NP
+for IN B-PP
+credit NN B-NP
+losses NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+American NNP I-NP
+Express NNP I-NP
+Bank NNP I-NP
+unit NN I-NP
+, , O
+boosting VBG B-VP
+the DT B-NP
+reserve NN I-NP
+to TO B-PP
+$ $ B-NP
+507 CD I-NP
+million CD I-NP
+as IN B-PP
+of IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+'s POS B-NP
+Third NNP I-NP
+World NNP I-NP
+debt NN I-NP
+portfolio NN I-NP
+totals VBZ B-VP
+$ $ B-NP
+560 CD I-NP
+million CD I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+$ $ B-NP
+2.2 CD I-NP
+billion CD I-NP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+1986 CD B-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+charged VBN B-VP
+off IN B-PRT
+$ $ B-NP
+53 CD I-NP
+million CD I-NP
+in IN B-PP
+loans NNS B-NP
+during IN B-PP
+the DT B-NP
+quarter NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+American NNP I-NP
+Express NNP I-NP
+Travel NNP I-NP
+Related NNP I-NP
+Services NNP I-NP
+Co. NNP I-NP
+unit NN I-NP
+, , O
+net NN B-NP
+rose VBD B-VP
+17 CD B-NP
+% NN I-NP
+to TO B-PP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+240.8 CD I-NP
+million CD I-NP
+on IN B-PP
+a DT B-NP
+19 CD I-NP
+% NN I-NP
+revenue NN I-NP
+increase NN I-NP
+. . O
+
+The DT B-NP
+figures NNS I-NP
+exclude VBP B-VP
+businesses NNS B-NP
+now RB B-VP
+organized VBN I-VP
+as IN B-PP
+American NNP B-NP
+Express NNP I-NP
+Information NNP I-NP
+Services NNP I-NP
+Co NNP I-NP
+. . O
+
+American NNP B-NP
+Express NNP I-NP
+card NN I-NP
+charge NN I-NP
+volume NN I-NP
+rose VBD B-VP
+12 CD B-NP
+% NN I-NP
+. . O
+
+Travel NN B-NP
+sales NNS I-NP
+rose VBD B-VP
+11 CD B-NP
+% NN I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+gains NNS B-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+At IN B-PP
+IDS NNP B-NP
+Financial NNP I-NP
+Services NNPS I-NP
+, , O
+the DT B-NP
+financial JJ I-NP
+planning NN I-NP
+and CC I-NP
+mutual JJ I-NP
+fund NN I-NP
+unit NN I-NP
+, , O
+net NN B-NP
+rose VBD B-VP
+19 CD B-NP
+% NN I-NP
+to TO B-PP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+47.6 CD I-NP
+million CD I-NP
+on IN B-PP
+a DT B-NP
+33 CD I-NP
+% NN I-NP
+revenue NN I-NP
+gain NN I-NP
+. . O
+
+Assets NNS B-NP
+owned VBN B-VP
+or CC I-VP
+managed VBD I-VP
+rose VBD B-VP
+20 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+45 CD I-NP
+billion CD I-NP
+, , O
+and CC O
+mutual JJ B-NP
+fund NN I-NP
+sales NNS I-NP
+rose VBD B-VP
+45 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+to TO B-PP
+$ $ B-NP
+923 CD I-NP
+million CD I-NP
+. . O
+
+American NNP B-NP
+Express NNP I-NP
+Bank NNP I-NP
+earnings NNS I-NP
+fell VBD B-VP
+50 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+21.3 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+42.5 CD I-NP
+million CD I-NP
+despite IN B-PP
+a DT B-NP
+29 CD I-NP
+% NN I-NP
+revenue NN I-NP
+gain NN I-NP
+. . O
+
+The DT B-NP
+results NNS I-NP
+include VBP B-VP
+$ $ B-NP
+106 CD I-NP
+million CD I-NP
+of IN B-PP
+tax NN B-NP
+benefits NNS I-NP
+associated VBN B-VP
+with IN B-PP
+previous JJ B-NP
+years NNS I-NP
+' POS B-NP
+Third NNP I-NP
+World NNP I-NP
+loan NN I-NP
+activity NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+15 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Profit NN B-NP
+rose VBD B-VP
+38 CD B-NP
+% NN I-NP
+at IN B-PP
+American NNP B-NP
+Express NNP I-NP
+Information NNP I-NP
+Services NNPS I-NP
+to TO B-PP
+$ $ B-NP
+21.6 CD I-NP
+million CD I-NP
+. . O
+
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Holdings NNP I-NP
+Inc. NNP I-NP
+, , O
+as IN O
+previously RB B-ADVP
+reported VBD B-VP
+, , O
+had VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+65.9 CD I-NP
+million CD I-NP
+, , O
+reversing VBG B-VP
+a DT B-NP
+$ $ I-NP
+3.5 CD I-NP
+million CD I-NP
+loss NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+; : O
+its PRP$ B-NP
+latest JJS I-NP
+results NNS I-NP
+include VBP B-VP
+a DT B-NP
+$ $ I-NP
+37 CD I-NP
+million CD I-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+an DT B-NP
+institutional JJ I-NP
+money NN I-NP
+management NN I-NP
+business NN I-NP
+. . O
+
+American NNP B-NP
+Express NNP I-NP
+'s POS B-NP
+share NN I-NP
+of IN B-PP
+Shearson NNP B-NP
+'s POS B-NP
+earnings NNS I-NP
+was VBD B-VP
+$ $ B-NP
+41 CD I-NP
+million CD I-NP
+, , O
+after IN B-PP
+preferred JJ B-NP
+stock NN I-NP
+dividends NNS I-NP
+; : O
+it PRP B-NP
+owns VBZ B-VP
+about IN B-NP
+68 CD I-NP
+% NN I-NP
+of IN B-PP
+Shearson NNP B-NP
+'s POS B-NP
+common JJ I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+American NNP B-NP
+Express NNP I-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+11 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+899.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.09 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+807.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.89 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+24 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+18.73 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+15.09 CD I-NP
+billion CD I-NP
+. . O
+
+Textron NNP B-NP
+Inc. NNP I-NP
+, , O
+hampered VBN B-VP
+by IN B-PP
+a DT B-NP
+slowdown NN I-NP
+in IN B-PP
+its PRP$ B-NP
+defense NN I-NP
+sales NNS I-NP
+, , O
+reported VBD B-VP
+an DT B-NP
+8 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+per-share JJ B-NP
+earnings NNS I-NP
+on IN B-PP
+nearly RB B-NP
+flat JJ I-NP
+revenue NN I-NP
+for IN B-PP
+its PRP$ B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+aerospace NN I-NP
+and CC I-NP
+financial JJ I-NP
+services NNS I-NP
+concern VBP I-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+fell VBD B-VP
+5 NN B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+59.5 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+62.8 CD I-NP
+million CD I-NP
+. . O
+
+Revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+1.73 CD I-NP
+billion CD I-NP
+was VBD B-VP
+almost RB B-ADJP
+unchanged JJ I-ADJP
+from IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+$ $ I-NP
+1.72 CD I-NP
+billion CD I-NP
+. . O
+
+Per-share JJ B-NP
+net NN I-NP
+of IN B-PP
+66 CD B-NP
+cents NNS I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+72 CD B-NP
+cents NNS I-NP
+, , O
+fell VBN B-VP
+by IN B-PP
+more JJR B-NP
+than IN B-PP
+overall JJ B-NP
+net NN I-NP
+because IN B-PP
+of IN I-PP
+more JJR B-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+that WDT B-SBAR
+improved VBD B-NP
+results NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+financial-services NNS I-NP
+sector NN I-NP
+were VBD B-VP
+negated VBN I-VP
+by IN B-PP
+increased JJ B-NP
+costs NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+government NN I-NP
+contract NN I-NP
+business NN I-NP
+, , O
+lower JJR B-NP
+operating VBG I-NP
+earnings NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+commercial-products JJ I-NP
+sector NN I-NP
+and CC O
+soft JJ B-NP
+automotive JJ I-NP
+markets NNS I-NP
+. . O
+
+Net NN B-NP
+was VBD B-VP
+aided VBN I-VP
+by IN B-PP
+a DT B-NP
+lower JJR I-NP
+income NN I-NP
+tax NN I-NP
+rate NN I-NP
+. . O
+
+Profit NN B-NP
+before IN B-PP
+taxes NNS B-NP
+fell VBD B-VP
+17 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+84.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+101.4 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Textron NNP B-NP
+reported VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+182.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.06 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+5.41 CD I-NP
+billion CD I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+net NN B-NP
+was VBD B-VP
+$ $ B-NP
+170.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.93 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+5.3 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+nine-month JJ I-NP
+results NNS I-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+9.5 CD I-NP
+million CD I-NP
+special JJ I-NP
+charge NN I-NP
+in IN B-PP
+1989 CD B-NP
+for IN B-PP
+an DT B-NP
+arbitration NN I-NP
+settlement NN I-NP
+related VBN B-VP
+to TO B-PP
+past JJ B-NP
+export NN I-NP
+sales NNS I-NP
+, , O
+and CC O
+$ $ B-NP
+29.7 CD I-NP
+million CD I-NP
+in IN B-PP
+extraordinary JJ B-NP
+charges NNS I-NP
+in IN B-PP
+1988 CD B-NP
+related VBN B-VP
+to TO B-PP
+a DT B-NP
+former JJ I-NP
+line NN I-NP
+of IN B-PP
+business NN B-NP
+and CC O
+early JJ B-NP
+redemption NN I-NP
+of IN B-PP
+debt NN B-NP
+. . O
+
+Textron NNP B-NP
+said VBD B-VP
+that IN B-SBAR
+nine-months NNS B-NP
+' POS B-NP
+results NNS I-NP
+do VBP B-VP
+n't RB I-VP
+include VB I-VP
+earnings NNS B-NP
+of IN B-PP
+Avdel NNP B-NP
+PLC NNP I-NP
+, , O
+a DT B-NP
+British JJ I-NP
+maker NN I-NP
+of IN B-PP
+industrial JJ B-NP
+fasteners NNS I-NP
+, , O
+but CC O
+do VBP B-VP
+include VB I-VP
+interest NN B-NP
+costs NNS I-NP
+of IN B-PP
+$ $ B-NP
+16.4 CD I-NP
+million CD I-NP
+on IN B-PP
+borrowings NNS B-NP
+related VBN B-VP
+to TO B-PP
+the DT B-NP
+proposed VBN I-NP
+purchase NN I-NP
+of IN B-PP
+Avdel NNP B-NP
+. . O
+
+A DT B-NP
+federal JJ I-NP
+judge NN I-NP
+has VBZ B-VP
+issued VBN I-VP
+a DT B-NP
+preliminary JJ I-NP
+injunction NN I-NP
+against IN B-PP
+the DT B-NP
+purchase NN I-NP
+because IN B-PP
+of IN I-PP
+Federal NNP B-NP
+Trade NNP I-NP
+Commission NNP I-NP
+concerns NNS I-NP
+that IN B-SBAR
+the DT B-NP
+transaction NN I-NP
+would MD B-VP
+reduce VB I-VP
+competition NN B-NP
+in IN B-PP
+the DT B-NP
+production NN I-NP
+of IN B-PP
+two CD B-NP
+kinds NNS I-NP
+of IN B-PP
+rivets VBZ B-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+Textron NNP B-NP
+said VBD B-VP
+aerospace NN B-NP
+revenue NN I-NP
+, , O
+including VBG B-PP
+Bell NNP B-NP
+helicopter NN I-NP
+and CC O
+jet-engine NN B-NP
+manufacture NN I-NP
+, , O
+declined VBD B-VP
+9.8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+755.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+838.3 CD I-NP
+million CD I-NP
+, , O
+an DT B-NP
+indication NN I-NP
+of IN B-PP
+slowing VBG B-NP
+government NN I-NP
+defense NN I-NP
+work NN I-NP
+. . O
+
+As IN B-SBAR
+the DT B-NP
+Hunt NNP I-NP
+brothers NNS I-NP
+' POS B-NP
+personal JJ I-NP
+bankruptcy NN I-NP
+cases NNS I-NP
+sputter VBP B-VP
+into IN B-PP
+their PRP$ B-NP
+second JJ I-NP
+year NN I-NP
+, , O
+Minpeco NNP B-NP
+S.A. NNP I-NP
+has VBZ B-VP
+proposed VBN I-VP
+a DT B-NP
+deal NN I-NP
+to TO B-VP
+settle VB I-VP
+its PRP$ B-NP
+huge JJ I-NP
+claim NN I-NP
+against IN B-PP
+the DT B-NP
+troubled JJ I-NP
+Texas NNP I-NP
+oil NN I-NP
+men NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+plan NN I-NP
+only RB B-ADVP
+threatens VBZ B-VP
+to TO I-VP
+heighten VB I-VP
+the DT B-NP
+tension NN I-NP
+and CC I-NP
+confusion NN I-NP
+already RB B-VP
+surrounding VBG I-VP
+the DT B-NP
+cases NNS I-NP
+that WDT B-NP
+were VBD B-VP
+filed VBN I-VP
+in IN B-PP
+September NNP B-NP
+1988 CD I-NP
+. . O
+
+The DT B-NP
+Peruvian JJ I-NP
+mineral NN I-NP
+concern NN I-NP
+'s POS B-NP
+$ $ B-ADJP
+251 CD O
+million CD O
+claim NN B-NP
+stems VBZ B-VP
+from IN B-PP
+1988 CD B-NP
+jury NN I-NP
+award NN I-NP
+in IN B-PP
+a DT B-NP
+case NN I-NP
+stemming VBG B-VP
+from IN B-PP
+the DT B-NP
+brothers NNS I-NP
+' POS B-NP
+alleged VBN I-NP
+attempts NNS I-NP
+to TO B-VP
+corner VB I-VP
+the DT B-NP
+1979-80 CD I-NP
+silver NN I-NP
+market NN I-NP
+. . O
+
+Minpeco NNP B-NP
+now RB B-ADVP
+says VBZ B-VP
+it PRP B-NP
+is VBZ B-VP
+willing JJ B-ADJP
+to TO B-VP
+settle VB I-VP
+for IN B-PP
+up IN B-NP
+to TO I-NP
+$ $ I-NP
+65.7 CD I-NP
+million CD I-NP
+from IN B-PP
+each DT B-NP
+brother NN I-NP
+, , O
+although IN B-SBAR
+the DT B-NP
+actual JJ I-NP
+amount NN I-NP
+would MD B-VP
+probably RB I-VP
+be VB I-VP
+much RB B-ADJP
+less JJR I-ADJP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+proposal NN I-NP
+must MD B-VP
+be VB I-VP
+approved VBN I-VP
+by IN B-PP
+federal JJ B-NP
+Judge NNP I-NP
+Harold NNP I-NP
+C. NNP I-NP
+Abramson NNP I-NP
+, , O
+W. NNP B-NP
+Herbert NNP I-NP
+Hunt NNP I-NP
+has VBZ B-VP
+agreed VBN I-VP
+to TO B-PP
+the DT B-NP
+Peruvian JJ I-NP
+mineral NN I-NP
+concern NN I-NP
+'s POS B-NP
+proposal NN I-NP
+. . O
+
+Nelson NNP B-NP
+Bunker NNP I-NP
+Hunt NNP I-NP
+is VBZ B-VP
+considering VBG I-VP
+it PRP B-NP
+, , O
+although IN B-SBAR
+his PRP$ B-NP
+attorney NN I-NP
+says VBZ B-VP
+he PRP B-NP
+wo MD B-VP
+n't RB I-VP
+do VB I-VP
+it PRP B-NP
+if IN B-SBAR
+the DT B-NP
+proposal NN I-NP
+jeopardizes VBZ B-VP
+a DT B-NP
+tentative JJ I-NP
+settlement NN I-NP
+he PRP B-NP
+has VBZ B-VP
+reached VBN I-VP
+with IN B-PP
+the DT B-NP
+Internal NNP I-NP
+Revenue NNP I-NP
+Service NNP I-NP
+, , O
+which WDT B-NP
+claims VBZ B-VP
+the DT B-NP
+brothers NNS I-NP
+owe VBP B-VP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+in IN B-PP
+back RB B-NP
+taxes VBZ I-NP
+and CC O
+is VBZ B-VP
+by IN B-PP
+far RB B-ADVP
+the DT B-NP
+biggest JJS I-NP
+creditor NN I-NP
+in IN B-PP
+both DT B-NP
+cases NNS I-NP
+. . O
+
+The DT B-NP
+tentative JJ I-NP
+agreement NN I-NP
+between IN B-PP
+the DT B-NP
+IRS NNP I-NP
+and CC O
+Nelson NNP B-NP
+Bunker NNP I-NP
+Hunt NNP I-NP
+is VBZ B-VP
+awaiting VBG I-VP
+U.S. NNP B-NP
+Justice NNP I-NP
+Department NNP I-NP
+approval NN I-NP
+. . O
+
+Under IN B-PP
+it PRP B-NP
+, , O
+the DT B-NP
+former JJ I-NP
+billionaire NN I-NP
+'s POS B-NP
+assets NNS I-NP
+would MD B-VP
+be VB I-VP
+liquidated VBN I-VP
+with IN B-PP
+the DT B-NP
+IRS NNP I-NP
+getting VBG B-VP
+80 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+proceeds NNS I-NP
+and CC O
+the DT B-NP
+rest NN I-NP
+being VBG B-VP
+divided VBN I-VP
+among IN B-PP
+other JJ B-NP
+creditors NNS I-NP
+, , O
+including VBG B-PP
+Minpeco NNP B-NP
+and CC O
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+Trust NNP I-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+seeking VBG I-VP
+repayment NN B-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+36 CD I-NP
+million CD I-NP
+loan NN I-NP
+. . O
+
+A DT B-NP
+similiar JJ I-NP
+proposal NN I-NP
+has VBZ B-VP
+been VBN I-VP
+made VBN I-VP
+in IN B-PP
+the DT B-NP
+W. NNP I-NP
+Herbert NNP I-NP
+Hunt NNP I-NP
+case NN I-NP
+although IN B-SBAR
+he PRP B-NP
+and CC O
+the DT B-NP
+IRS NNP I-NP
+are VBP B-VP
+at IN B-PP
+odds NNS B-NP
+over IN B-PP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+the DT B-NP
+non-dischargable JJ I-NP
+debt NN I-NP
+he PRP B-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+pay VB I-VP
+to TO B-PP
+the DT B-NP
+government NN I-NP
+from IN B-PP
+future NN B-NP
+earnings NNS I-NP
+. . O
+
+In IN B-PP
+both DT B-NP
+cases NNS I-NP
+, , O
+Minpeco NNP B-NP
+and CC O
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+have VBP B-VP
+been VBN I-VP
+fighting VBG I-VP
+ferociously RB B-ADVP
+over IN B-PP
+their PRP$ B-NP
+shares NNS I-NP
+of IN B-PP
+the DT B-NP
+pie NN I-NP
+. . O
+
+With IN B-PP
+support NN B-NP
+from IN B-PP
+the DT B-NP
+IRS NNP I-NP
+, , O
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+has VBZ B-VP
+filed VBN I-VP
+suit NN B-NP
+asking VBG B-VP
+Judge NNP B-NP
+Abramson NNP I-NP
+to TO B-VP
+subordinate VB I-VP
+Minpeco NNP B-NP
+'s POS B-NP
+claim NN I-NP
+to TO B-PP
+those DT B-NP
+of IN B-PP
+Manufacturer NNP B-NP
+Hanover NNP I-NP
+and CC O
+the DT B-NP
+IRS NNP I-NP
+. . O
+
+Minpeco NNP B-NP
+has VBZ B-VP
+threatened VBN I-VP
+a DT B-NP
+`` `` I-NP
+volcano NN I-NP
+'' '' O
+of IN B-PP
+litigation NN B-NP
+if IN B-SBAR
+the DT B-NP
+Manufacturers NNP I-NP
+Hanover NNP I-NP
+Corp. NNP I-NP
+unit NN I-NP
+attempts NNS B-VP
+to TO I-VP
+force VB I-VP
+such JJ B-NP
+a DT I-NP
+plan NN I-NP
+through IN B-PP
+the DT B-NP
+court NN I-NP
+. . O
+
+Minpeco NNP B-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+n't RB I-VP
+pursue VB I-VP
+such JJ B-NP
+litigation NN I-NP
+if IN B-SBAR
+its PRP$ B-NP
+settlement NN I-NP
+plan NN I-NP
+in IN B-PP
+the DT B-NP
+W. NNP I-NP
+Herbert NNP I-NP
+Hunt NNP I-NP
+case NN I-NP
+is VBZ B-VP
+approved VBN I-VP
+by IN B-PP
+Judge NNP B-NP
+Abramson NNP I-NP
+, , O
+who WP B-NP
+will MD B-VP
+consider VB I-VP
+the DT B-NP
+proposal NN I-NP
+at IN B-PP
+a DT B-NP
+hearing NN I-NP
+next JJ B-NP
+week NN I-NP
+. . O
+
+Minpeco NNP B-NP
+attorney NN I-NP
+Thomas NNP I-NP
+Gorman NNP I-NP
+decribed VBD B-VP
+the DT B-NP
+plan NN I-NP
+as IN B-PP
+one CD B-NP
+step NN I-NP
+toward IN B-PP
+an DT B-NP
+overall JJ I-NP
+settlement NN I-NP
+of IN B-PP
+the DT B-NP
+W. NNP I-NP
+Herbert NNP I-NP
+Hunt NNP I-NP
+case NN I-NP
+but CC O
+Hugh NNP B-NP
+Ray NNP I-NP
+, , O
+attorney NN B-NP
+for IN B-PP
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+, , O
+called VBD B-VP
+it PRP B-NP
+`` `` O
+silly JJ B-ADJP
+'' '' O
+and CC O
+said VBD B-VP
+he PRP B-NP
+would MD B-VP
+fight VB I-VP
+it PRP B-NP
+in IN B-PP
+court NN B-NP
+. . O
+
+`` `` O
+The DT B-NP
+thing NN I-NP
+is VBZ B-VP
+so RB B-ADJP
+fluid NN I-ADJP
+right RB B-ADVP
+now RB I-ADVP
+that IN B-SBAR
+there EX B-NP
+'s VBZ B-VP
+really RB B-NP
+no DT I-NP
+way NN I-NP
+to TO B-VP
+say VB I-VP
+what WP B-NP
+will MD B-VP
+happen VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Justice NNP B-NP
+Department NNP I-NP
+attorney NN I-NP
+Grover NNP I-NP
+Hartt NNP I-NP
+III NNP I-NP
+, , O
+who WP B-NP
+represents VBZ B-VP
+the DT B-NP
+IRS NNP I-NP
+in IN B-PP
+the DT B-NP
+case NN I-NP
+. . O
+
+`` `` O
+Developments NNPS B-NP
+like IN B-PP
+this DT B-NP
+are VBP B-VP
+hard JJ B-ADJP
+to TO B-VP
+predict VB I-VP
+. . O
+
+Banc NNP B-NP
+One CD I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+agreed VBD B-VP
+in IN B-PP
+principle NN B-NP
+to TO B-VP
+buy VB I-VP
+five CD B-NP
+branch NN I-NP
+offices NNS I-NP
+from IN B-PP
+Trustcorp NNP B-NP
+Inc. NNP I-NP
+, , O
+Toledo NNP B-NP
+, , O
+Ohio NNP B-NP
+, , O
+following VBG B-PP
+the DT B-NP
+planned VBN I-NP
+merger NN I-NP
+of IN B-PP
+Trustcorp NNP B-NP
+into IN B-PP
+Society NNP B-NP
+Corp. NNP I-NP
+, , O
+Cleveland NNP B-NP
+. . O
+
+The DT B-NP
+five CD I-NP
+offices NNS I-NP
+in IN B-PP
+Erie NNP B-NP
+and CC I-NP
+Ottawa NNP I-NP
+counties NNS I-NP
+in IN B-PP
+northern JJ B-NP
+Ohio NNP I-NP
+have VBP B-VP
+total JJ B-NP
+assets NNS I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+88 CD I-NP
+million CD I-NP
+, , O
+Banc NNP B-NP
+One CD I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+purchase NN I-NP
+price NN I-NP
+will MD B-VP
+be VB I-VP
+established VBN I-VP
+after IN B-SBAR
+Banc NNP B-NP
+One CD I-NP
+has VBZ B-VP
+an DT B-NP
+opportunity NN I-NP
+to TO B-VP
+study VB I-VP
+the DT B-NP
+quality NN I-NP
+of IN B-PP
+the DT B-NP
+assets NNS I-NP
+, , O
+Banc NNP B-NP
+One CD I-NP
+said VBD B-VP
+. . O
+
+Society NNP B-NP
+Corp. NNP I-NP
+already RB B-ADVP
+has VBZ B-VP
+branches NNS B-NP
+in IN B-PP
+the DT B-NP
+area NN I-NP
+, , O
+and CC O
+selling VBG B-VP
+the DT B-NP
+Trustcorp NNP I-NP
+offices NNS I-NP
+could MD B-VP
+avoid VB I-VP
+a DT B-NP
+problem NN I-NP
+with IN B-PP
+regulators NNS B-NP
+over IN B-PP
+excessive JJ B-NP
+concentration NN I-NP
+of IN B-PP
+banking NN B-NP
+in IN B-PP
+the DT B-NP
+two CD I-NP
+counties NNS I-NP
+after IN B-PP
+the DT B-NP
+merger NN I-NP
+of IN B-PP
+Trustcorp NNP B-NP
+into IN B-PP
+Society NNP B-NP
+, , O
+according VBG B-PP
+to TO B-PP
+industry NN B-NP
+sources NNS I-NP
+. . O
+
+The DT B-NP
+merger NN I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+take VB I-VP
+place NN B-NP
+in IN B-PP
+the DT B-NP
+1990 CD I-NP
+first JJ I-NP
+quarter NN I-NP
+. . O
+
+Stock-market NN B-NP
+fears NNS I-NP
+and CC O
+relatively RB B-NP
+more RBR I-NP
+attractive JJ I-NP
+interest NN I-NP
+rates NNS I-NP
+pushed VBD B-VP
+money-market JJ B-NP
+mutual JJ I-NP
+fund NN I-NP
+assets NNS I-NP
+up IN B-ADVP
+$ $ B-NP
+6.07 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+week NN I-NP
+, , O
+the DT B-NP
+sharpest JJS I-NP
+increase NN I-NP
+in IN B-PP
+almost RB B-NP
+two CD I-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+473 CD I-NP
+funds NNS I-NP
+tracked VBN B-VP
+by IN B-PP
+the DT B-NP
+Investment NNP I-NP
+Company NNP I-NP
+Institute NNP I-NP
+, , O
+a DT B-NP
+Washington-based JJ I-NP
+trade NN I-NP
+group NN I-NP
+, , O
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+356.1 CD I-NP
+billion CD I-NP
+, , O
+a DT B-NP
+record NN I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+6.07 CD I-NP
+billion CD I-NP
+increase NN I-NP
+was VBD B-VP
+the DT B-NP
+strongest JJS I-NP
+weekly JJ I-NP
+inflow NN I-NP
+since IN B-PP
+January NNP B-NP
+1988 CD I-NP
+. . O
+
+The DT B-NP
+increase NN I-NP
+was VBD B-VP
+spread NN I-VP
+fairly RB B-ADVP
+evenly RB I-ADVP
+among IN B-PP
+all DT B-NP
+three CD I-NP
+types NNS I-NP
+of IN B-PP
+funds NNS B-NP
+. . O
+
+Individual JJ B-NP
+investors NNS I-NP
+, , O
+represented VBN B-VP
+in IN B-PP
+the DT B-NP
+general-purpose JJ I-NP
+and CC I-NP
+broker-dealer NN I-NP
+fund NN I-NP
+categories NNS I-NP
+, , O
+pulled VBD B-VP
+money NN B-NP
+from IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+after IN B-PP
+its PRP$ B-NP
+big JJ I-NP
+drop NN I-NP
+last JJ B-NP
+Friday NNP I-NP
+and CC O
+put VB B-VP
+the DT B-NP
+money NN I-NP
+into IN B-PP
+funds NNS B-NP
+, , O
+said VBD B-VP
+Jacob NNP B-NP
+Dreyer NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+and CC O
+chief JJ B-NP
+economist NN I-NP
+of IN B-PP
+the DT B-NP
+Institute NNP I-NP
+. . O
+
+`` `` O
+Insitutional JJ B-NP
+investors NNS I-NP
+, , O
+on IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+reacted VBD B-VP
+to TO B-PP
+the DT B-NP
+steep JJ I-NP
+decline NN I-NP
+in IN B-PP
+yields NNS B-NP
+on IN B-PP
+direct JJ B-NP
+money-market JJ I-NP
+instruments NNS I-NP
+following VBG B-PP
+the DT B-NP
+stock-market NN I-NP
+decline NN I-NP
+last JJ B-NP
+Friday NNP I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Dreyer NNP I-NP
+said VBD B-VP
+. . O
+
+Yields NNS B-NP
+on IN B-PP
+money NN B-NP
+funds NNS I-NP
+dropped VBD B-VP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Tuesday NNP B-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Donoghue NNP B-NP
+'s POS B-NP
+Money NNP I-NP
+Fund NNP I-NP
+Report NNP I-NP
+, , O
+a DT B-NP
+Holliston NNP I-NP
+, , I-NP
+Mass. NNP I-NP
+, , I-NP
+newsletter NN I-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+seven-day JJ I-NP
+compounded VBN I-NP
+yield VB I-NP
+fell VBD B-VP
+to TO B-PP
+8.55 CD B-NP
+% NN I-NP
+from IN B-PP
+8.60 CD B-NP
+% NN I-NP
+the DT B-NP
+week NN I-NP
+earlier RBR B-ADVP
+, , O
+Donoghue NNP B-NP
+'s POS B-NP
+said VBD B-VP
+. . O
+
+At IN B-PP
+the DT B-NP
+auction NN I-NP
+of IN B-PP
+six-month JJ B-NP
+U.S. NNP I-NP
+Treasury NNP I-NP
+bills NNS I-NP
+on IN B-PP
+Monday NNP B-NP
+, , O
+the DT B-NP
+average JJ I-NP
+yield NN I-NP
+fell VBD B-VP
+to TO B-PP
+7.61 CD B-NP
+% NN I-NP
+from IN B-PP
+7.82 CD B-NP
+% NN I-NP
+. . O
+
+Likewise RB B-ADVP
+, , O
+certificates NNS B-NP
+of IN B-PP
+deposit NN B-NP
+on IN B-PP
+average NN B-ADJP
+posted VBD B-VP
+lower JJR B-NP
+yields NNS I-NP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Tuesday NNP B-NP
+. . O
+
+The DT B-NP
+142 CD I-NP
+institutional-type JJ I-NP
+money NN I-NP
+funds NNS I-NP
+rose VBD B-VP
+$ $ B-NP
+2.23 CD I-NP
+billion CD I-NP
+to TO B-PP
+$ $ B-NP
+85.49 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+235 CD I-NP
+general-purpose JJ I-NP
+funds NNS I-NP
+increased VBN B-VP
+$ $ B-NP
+2.53 CD I-NP
+billion CD I-NP
+to TO B-PP
+$ $ B-NP
+116.56 CD I-NP
+billion CD I-NP
+, , O
+while IN B-SBAR
+96 CD B-NP
+broker-dealer NN I-NP
+funds NNS I-NP
+increased VBN B-VP
+$ $ B-NP
+1.3 CD I-NP
+billion CD I-NP
+to TO B-PP
+$ $ B-NP
+154.05 CD I-NP
+billion CD I-NP
+. . O
+
+Domestic JJ B-NP
+lending NN I-NP
+for IN B-PP
+real JJ B-NP
+estate NN I-NP
+and CC I-NP
+property NN I-NP
+development NN I-NP
+was VBD B-VP
+the DT B-NP
+source NN I-NP
+of IN B-PP
+Bank NNP B-NP
+Bumiputra NNP I-NP
+Malaysia NNP I-NP
+Bhd. NNP I-NP
+'s POS B-NP
+most RBS B-ADJP
+recent JJ I-ADJP
+spate NN B-NP
+of IN B-PP
+financial JJ B-NP
+troubles NNS I-NP
+, , O
+the DT B-NP
+institution NN I-NP
+'s POS B-NP
+executive JJ I-NP
+chairman NN I-NP
+, , O
+Mohamed NNP B-NP
+Basir NNP I-NP
+Ismail NNP I-NP
+, , O
+said VBD B-VP
+. . O
+
+Speaking VBG B-VP
+to TO B-PP
+reporters NNS B-NP
+this DT B-NP
+week NN I-NP
+after IN B-SBAR
+Bank NNP B-NP
+Bumiputra NNP I-NP
+'s POS B-NP
+shareholders NNS I-NP
+approved VBD B-VP
+a DT B-NP
+rescue NN I-NP
+plan NN I-NP
+, , O
+Tan NNP B-NP
+Sri NNP I-NP
+Basir NNP I-NP
+said VBD B-VP
+heavy JJ B-NP
+lending NN I-NP
+to TO B-PP
+the DT B-NP
+property NN I-NP
+sector NN I-NP
+rocked VBD B-VP
+the DT B-NP
+bank NN I-NP
+when WRB B-ADVP
+property NN B-NP
+prices NNS I-NP
+in IN B-PP
+Malaysia NNP B-NP
+plummeted VBD B-VP
+in IN B-PP
+1984-85 CD B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+bank NN I-NP
+could MD B-VP
+n't RB I-VP
+wait VB I-VP
+any RB B-ADVP
+longer RB I-ADVP
+for IN B-SBAR
+prices NNS B-NP
+to TO B-VP
+recover VB I-VP
+and CC O
+for IN B-SBAR
+borrowers NNS B-NP
+to TO B-VP
+service VB I-VP
+their PRP$ B-NP
+loans NNS I-NP
+. . O
+
+So RB O
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+board NN I-NP
+decided VBD B-VP
+to TO I-VP
+make VB I-VP
+1.23 CD B-NP
+billion CD I-NP
+Malaysian JJ I-NP
+dollars NNS I-NP
+-LRB- ( O
+US$ $ B-NP
+457 CD I-NP
+million CD I-NP
+-RRB- ) O
+in IN B-PP
+provisions NNS B-NP
+for IN B-PP
+interest NN B-NP
+payments NNS I-NP
+from IN B-PP
+loans NNS B-NP
+previously RB B-VP
+recorded VBN I-VP
+as IN B-PP
+revenue NN B-NP
+but CC O
+never RB B-VP
+actually RB I-VP
+received VBN I-VP
+by IN B-PP
+the DT B-NP
+bank NN I-NP
+, , O
+and CC O
+to TO B-VP
+submit VB I-VP
+a DT B-NP
+bailout NN I-NP
+package NN I-NP
+to TO B-VP
+replenish VB I-VP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+paid-up JJ I-NP
+capital NN I-NP
+. . O
+
+The DT B-NP
+predicament NN I-NP
+, , O
+he PRP B-NP
+added VBD B-VP
+, , O
+was VBD B-VP
+similar JJ B-ADJP
+to TO B-PP
+the DT B-NP
+Hong NNP I-NP
+Kong NNP I-NP
+1982-83 CD I-NP
+property-price JJ I-NP
+collapse NN I-NP
+, , O
+which WDT B-NP
+exposed VBD B-VP
+the DT B-NP
+involvement NN I-NP
+of IN B-PP
+Bank NNP B-NP
+Bumiputra NNP I-NP
+'s POS B-NP
+former JJ I-NP
+subsidiary NN I-NP
+in IN B-PP
+the DT B-NP
+colony NN I-NP
+in IN B-PP
+the DT B-NP
+largest JJS I-NP
+banking NN I-NP
+scandal NN I-NP
+in IN B-PP
+Malaysia NNP B-NP
+'s POS B-NP
+history NN I-NP
+. . O
+
+The DT B-NP
+subsidiary NN I-NP
+, , O
+Bumiputra NNP B-NP
+Malaysia NNP I-NP
+Finance NNP I-NP
+Ltd. NNP I-NP
+, , O
+was VBD B-VP
+left VBN I-VP
+with IN B-PP
+M$ $ B-NP
+2.26 CD I-NP
+billion CD I-NP
+in IN B-PP
+bad JJ B-NP
+loans NNS I-NP
+made VBN B-VP
+to TO B-PP
+Hong NNP B-NP
+Kong NNP I-NP
+property NN I-NP
+speculators NNS I-NP
+. . O
+
+Both DT B-NP
+episodes NNS I-NP
+wiped VBD B-VP
+out IN B-PRT
+Bank NNP B-NP
+Bumiputra NNP I-NP
+'s POS B-NP
+shareholders NNS I-NP
+' POS B-NP
+funds NNS I-NP
+. . O
+
+Each DT B-NP
+time NN I-NP
+, , O
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+90 CD B-ADJP
+% NN I-ADJP
+shareholder NN B-NP
+-- : O
+Petroliam NNP B-NP
+Nasional NNP I-NP
+Bhd. NNP I-NP
+, , O
+or CC O
+Petronas NNP B-NP
+, , O
+the DT B-NP
+national JJ I-NP
+oil NN I-NP
+company NN I-NP
+-- : O
+has VBZ B-VP
+been VBN I-VP
+called VBN I-VP
+upon IN B-PP
+to TO B-VP
+rescue VB I-VP
+the DT B-NP
+institution NN I-NP
+. . O
+
+In IN B-PP
+five CD B-NP
+years NNS I-NP
+, , O
+Petronas NNP B-NP
+, , O
+which WDT B-NP
+became VBD B-VP
+the DT B-NP
+dominant JJ I-NP
+shareholder NN I-NP
+in IN B-PP
+a DT B-NP
+1984 CD I-NP
+rescue NN I-NP
+exercise NN I-NP
+, , O
+has VBZ B-VP
+spent VBN I-VP
+about IN B-NP
+M$ $ I-NP
+3.5 CD I-NP
+billion CD I-NP
+to TO B-VP
+prop VB I-VP
+up IN B-PRT
+the DT B-NP
+troubled JJ I-NP
+bank NN I-NP
+. . O
+
+Tan NNP B-NP
+Sri NNP I-NP
+Basir NNP I-NP
+said VBD B-VP
+the DT B-NP
+capital NN I-NP
+restructuring NN I-NP
+plan NN I-NP
+has VBZ B-VP
+been VBN I-VP
+approved VBN I-VP
+by IN B-PP
+Malaysia NNP B-NP
+'s POS B-NP
+Capital NNP I-NP
+Issues NNP I-NP
+Committee NNP I-NP
+and CC I-NP
+central JJ I-NP
+bank NN I-NP
+. . O
+
+Malaysia NNP B-NP
+'s POS B-NP
+High NNP I-NP
+Court NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+approve VB I-VP
+the DT B-NP
+plan NN I-NP
+. . O
+
+Once RB O
+the DT B-NP
+plan NN I-NP
+is VBZ B-VP
+approved VBN I-VP
+, , O
+Tan NNP B-NP
+Sri NNP I-NP
+Basir NNP I-NP
+said VBD B-VP
+, , O
+most RBS B-NP
+of IN B-PP
+Bank NNP B-NP
+Bumiputra NNP I-NP
+'s POS B-NP
+nonperforming JJ I-NP
+loans NNS I-NP
+will MD B-VP
+have VB I-VP
+been VBN I-VP
+fully RB I-VP
+provided VBN I-VP
+for IN B-PP
+and CC O
+the DT B-NP
+bank NN I-NP
+will MD B-VP
+be VB I-VP
+on IN B-PP
+track NN B-NP
+to TO B-VP
+report VB I-VP
+a DT B-NP
+pretax JJ I-NP
+profit NN I-NP
+of IN B-PP
+between IN B-NP
+M$ $ I-NP
+160 CD I-NP
+million CD I-NP
+and CC I-NP
+M$ $ I-NP
+170 CD I-NP
+million CD I-NP
+for IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+year NN I-NP
+ending VBG B-VP
+March NNP B-NP
+31 CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+previous JJ I-NP
+financial JJ I-NP
+year NN I-NP
+, , O
+the DT B-NP
+bank NN I-NP
+would MD B-VP
+have VB I-VP
+reported VBN I-VP
+a DT B-NP
+pretax JJ I-NP
+profit NN I-NP
+of IN B-PP
+M$ $ B-NP
+168 CD I-NP
+million CD I-NP
+if IN B-SBAR
+it PRP B-NP
+had VBD B-VP
+n't RB I-VP
+made VBN I-VP
+provisions NNS B-NP
+for IN B-PP
+the DT B-NP
+nonperforming JJ I-NP
+loans NNS I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Malaysia NNP B-NP
+'s POS B-NP
+Banking NNP I-NP
+Secrecy NNP I-NP
+Act NNP I-NP
+prohibited VBD B-VP
+the DT B-NP
+bank NN I-NP
+from IN B-PP
+identifying VBG B-VP
+delinquent JJ B-NP
+borrowers NNS I-NP
+, , O
+said VBD B-VP
+Tan NNP B-NP
+Sri NNP I-NP
+Basir NNP I-NP
+. . O
+
+But CC O
+public JJ B-NP
+documents NNS I-NP
+indicate VBP B-VP
+10 CD B-NP
+% NN I-NP
+or CC I-NP
+more JJR I-NP
+of IN B-PP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+provisions NNS I-NP
+were VBD B-VP
+made VBN I-VP
+for IN B-PP
+foregone JJ B-NP
+interest NN I-NP
+on IN B-PP
+a DT B-NP
+M$ $ I-NP
+200 CD I-NP
+million CD I-NP
+loan NN I-NP
+to TO B-PP
+Malaysia NNP B-NP
+'s POS B-NP
+dominant JJ I-NP
+political JJ I-NP
+party NN I-NP
+, , O
+the DT B-NP
+United NNP I-NP
+Malays NNP I-NP
+National NNP I-NP
+Organization NNP I-NP
+, , O
+to TO B-VP
+build VB I-VP
+its PRP$ B-NP
+convention NN I-NP
+and CC I-NP
+headquarters NN I-NP
+complex JJ I-NP
+in IN B-PP
+Kuala NNP B-NP
+Lumpur NNP I-NP
+. . O
+
+The DT B-NP
+loan NN I-NP
+to TO B-PP
+UMNO NNP B-NP
+was VBD B-VP
+made VBN I-VP
+in IN B-PP
+September NNP B-NP
+1983 CD I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+lent VBD B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+money NN B-NP
+all DT B-NP
+over IN B-PP
+the DT B-NP
+place NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Tan NNP B-NP
+Sri NNP I-NP
+Basir NNP I-NP
+, , O
+who WP B-NP
+refused VBD B-VP
+to TO I-VP
+discuss VB I-VP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+outstanding JJ I-NP
+loans NNS I-NP
+to TO O
+
+As RB B-PP
+well RB I-PP
+as IN I-PP
+the DT B-NP
+M$ $ I-NP
+1.23 CD I-NP
+billion CD I-NP
+in IN B-PP
+provisions NNS B-NP
+announced VBD B-VP
+on IN B-PP
+Oct. NNP B-NP
+6 CD I-NP
+, , O
+the DT B-NP
+restructuring NN I-NP
+package NN I-NP
+covers VBZ B-VP
+an DT B-NP
+additional JJ I-NP
+M$ $ I-NP
+450 CD I-NP
+million CD I-NP
+in IN B-PP
+provisions NNS B-NP
+made VBN B-VP
+in IN B-PP
+earlier JJR B-NP
+years NNS I-NP
+but CC O
+never RB B-VP
+reflected VBD I-VP
+in IN B-PP
+a DT B-NP
+reduction NN I-NP
+of IN B-PP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+paid-up JJ I-NP
+capital NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+exercise NN I-NP
+, , O
+the DT B-NP
+cash NN I-NP
+injection NN I-NP
+from IN B-PP
+Petronas NNP B-NP
+will MD B-VP
+increase VB I-VP
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+paid-up JJ I-NP
+capital NN I-NP
+to TO B-PP
+M$ $ B-NP
+1.15 CD I-NP
+billion CD I-NP
+after IN B-PP
+virtually RB B-ADVP
+being VBG B-VP
+wiped VBN I-VP
+out IN B-PRT
+by IN B-PP
+the DT B-NP
+new JJ I-NP
+provisions NNS I-NP
+. . O
+
+Heidi NNP B-NP
+Ehman NNP I-NP
+might MD B-VP
+have VB I-VP
+stepped VBN I-VP
+from IN B-PP
+a DT B-NP
+recruiting VBG I-NP
+poster NN I-NP
+for IN B-PP
+young JJ B-NP
+Republicans NNPS I-NP
+. . O
+
+White NNP B-ADJP
+, , O
+24 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+a DT B-NP
+singer NN I-NP
+in IN B-PP
+her PRP$ B-NP
+church NN I-NP
+choir NN I-NP
+, , O
+she PRP B-NP
+symbolizes VBZ B-VP
+a DT B-NP
+generation NN I-NP
+that WDT B-NP
+gave VBD B-VP
+its PRP$ B-NP
+heart NN I-NP
+and CC O
+its PRP$ B-NP
+vote NN I-NP
+to TO B-PP
+Ronald NNP B-NP
+Reagan NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+felt VBD B-VP
+kind NN B-ADJP
+of IN I-ADJP
+safe JJ I-ADJP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+. . O
+
+No RB B-ADVP
+longer RB I-ADVP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+opened VBD B-VP
+the DT B-NP
+door NN I-NP
+this DT B-NP
+year NN I-NP
+to TO B-PP
+new JJ B-NP
+restrictions NNS I-NP
+on IN B-PP
+abortion NN B-NP
+, , O
+Ms. NNP B-NP
+Ehman NNP I-NP
+opened VBD B-VP
+her PRP$ B-NP
+mind NN I-NP
+to TO B-PP
+Democratic JJ B-NP
+politics NNS I-NP
+. . O
+
+Then RB B-ADVP
+a DT B-NP
+political JJ I-NP
+novice NN I-NP
+, , O
+she PRP B-NP
+stepped VBD B-VP
+into IN B-PP
+a DT B-NP
+whirl NN I-NP
+of IN B-PP
+`` `` B-NP
+pro-choice JJ I-NP
+'' '' I-NP
+marches NNS I-NP
+, , O
+house NN B-NP
+parties NNS I-NP
+and CC O
+fund-raisers NNS B-NP
+. . O
+
+Now RB B-ADVP
+she PRP B-NP
+leads VBZ B-VP
+a DT B-NP
+grassroots NNS I-NP
+abortion-rights NNS I-NP
+campaign NN I-NP
+in IN B-PP
+Passaic NNP B-NP
+County NNP I-NP
+for IN B-PP
+pro-choice JJ B-NP
+Democratic JJ I-NP
+gubernatorial JJ I-NP
+candidate NN I-NP
+James NNP I-NP
+Florio NNP I-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+one CD B-NP
+where WRB B-ADVP
+I PRP B-NP
+cross VBP B-VP
+party NN B-NP
+lines NNS I-NP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+, , O
+rejecting VBG B-VP
+the DT B-NP
+anti-abortion JJ I-NP
+stance NN I-NP
+of IN B-PP
+Rep. NNP B-NP
+Florio NNP I-NP
+'s POS B-NP
+opponent NN I-NP
+, , O
+Reagan-Republican JJ B-NP
+Rep. NNP I-NP
+James NNP I-NP
+Courter NNP I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+my PRP$ B-NP
+age NN I-NP
+thought VBD B-VP
+it PRP B-NP
+was VBD B-VP
+n't RB I-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+an DT B-NP
+issue NN I-NP
+. . O
+
+Now RB B-ADVP
+it PRP B-NP
+has VBZ B-VP
+-- : O
+especially RB B-ADVP
+for IN B-PP
+people NNS B-NP
+my PRP$ B-NP
+age NN I-NP
+. . O
+'' '' O
+
+Polls NNS B-NP
+bear VBP B-VP
+out RP B-PRT
+this DT B-NP
+warning NN I-NP
+, , O
+but CC O
+after IN B-PP
+a DT B-NP
+decade NN I-NP
+of IN B-PP
+increased VBN B-NP
+Republican NNP I-NP
+influence NN I-NP
+here RB B-ADVP
+, , O
+the DT B-NP
+new JJ I-NP
+politics NNS I-NP
+of IN B-PP
+abortion NN B-NP
+have VBP B-VP
+contributed VBN I-VP
+to TO B-PP
+a DT B-NP
+world NN I-NP
+turned VBD B-VP
+upside RB B-ADVP
+down RB I-ADVP
+for IN B-PP
+Mr. NNP B-NP
+Courter NNP I-NP
+. . O
+
+Unless IN B-SBAR
+he PRP B-NP
+closes VBZ B-VP
+the DT B-NP
+gap NN I-NP
+, , O
+Republicans NNPS B-NP
+risk NN B-VP
+losing VBG I-VP
+not RB B-CONJP
+only RB I-CONJP
+the DT B-NP
+governorship NN I-NP
+but CC B-CONJP
+also RB I-CONJP
+the DT B-NP
+assembly NN I-NP
+next JJ B-NP
+month NN I-NP
+. . O
+
+Going VBG B-VP
+into IN B-PP
+the DT B-NP
+1990s CD I-NP
+, , O
+the DT B-NP
+GOP NNP I-NP
+is VBZ B-VP
+paying VBG I-VP
+a DT B-NP
+price NN I-NP
+for IN B-PP
+the DT B-NP
+same JJ I-NP
+conservative JJ I-NP
+social JJ I-NP
+agenda NN I-NP
+that IN B-NP
+it PRP B-NP
+used VBD B-VP
+to TO B-VP
+torment VB I-VP
+Democrats NNPS B-NP
+in IN B-PP
+the DT B-NP
+past NN I-NP
+. . O
+
+This DT B-NP
+change NN I-NP
+comes VBZ B-VP
+less JJR B-ADVP
+from IN B-PP
+a DT B-NP
+shift NN I-NP
+in IN B-PP
+public JJ B-NP
+opinion NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+n't RB I-VP
+changed VBN I-VP
+much JJ B-ADVP
+on IN B-PP
+abortion NN B-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+decade NN I-NP
+, , O
+than IN B-PP
+in IN B-PP
+the DT B-NP
+boundaries NNS I-NP
+of IN B-PP
+the DT B-NP
+debate NN I-NP
+. . O
+
+New NNP B-NP
+Jersey NNP I-NP
+'s POS B-NP
+own JJ I-NP
+highest JJS I-NP
+court NN I-NP
+remains VBZ B-VP
+a DT B-NP
+liberal JJ I-NP
+bulwark NN I-NP
+against IN B-PP
+major JJ B-NP
+restrictions NNS I-NP
+on IN B-PP
+abortion NN B-NP
+, , O
+but CC O
+the DT B-NP
+U.S. NNP I-NP
+Supreme NNP I-NP
+Court NNP I-NP
+ruling NN I-NP
+, , O
+Webster NNP B-NP
+vs. IN I-NP
+Missouri NNP I-NP
+, , O
+has VBZ B-VP
+engaged VBN I-VP
+voters NNS B-NP
+across IN B-PP
+the DT B-NP
+nation NN I-NP
+who WP B-NP
+had VBD B-VP
+been VBN I-VP
+insulated VBN I-VP
+from IN B-PP
+the DT B-NP
+issue NN I-NP
+. . O
+
+Before IN B-PP
+July NNP B-NP
+, , O
+pro-choice JJ B-NP
+voters NNS I-NP
+could MD B-VP
+safely RB I-VP
+make VB I-VP
+political JJ B-NP
+decisions NNS I-NP
+without IN B-PP
+focusing VBG B-VP
+narrowly RB B-ADVP
+on IN B-PP
+abortion NN B-NP
+. . O
+
+Now RB B-ADVP
+, , O
+the DT B-NP
+threat NN I-NP
+of IN B-PP
+further JJ B-NP
+restrictions NNS I-NP
+adds VBZ B-VP
+a DT B-NP
+new JJ I-NP
+dimension NN I-NP
+, , O
+bringing VBG B-VP
+an DT B-NP
+upsurge NN I-NP
+in IN B-PP
+political JJ B-NP
+activity NN I-NP
+by IN B-PP
+abortion-rights NNS B-NP
+forces NNS I-NP
+. . O
+
+A DT B-NP
+recent JJ I-NP
+pro-choice JJ I-NP
+rally NN I-NP
+in IN B-PP
+Trenton NNP B-NP
+drew VBD B-VP
+thousands NNS B-NP
+, , O
+and CC O
+in IN B-PP
+a DT B-NP
+major JJ I-NP
+reversal NN I-NP
+, , O
+Congress NNP B-NP
+is VBZ B-VP
+defying VBG I-VP
+a DT B-NP
+presidential JJ I-NP
+veto NN I-NP
+and CC O
+demanding VBG B-VP
+that IN B-SBAR
+Medicaid NNP B-NP
+abortions NNS I-NP
+be VBP B-VP
+permitted VBN I-VP
+in IN B-PP
+cases NNS B-NP
+of IN B-PP
+rape NN B-NP
+and CC I-NP
+incest NN I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+Webster NNP B-NP
+had VBD B-VP
+n't RB I-VP
+happened VBN I-VP
+, , O
+you PRP B-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+here RB B-ADVP
+, , O
+'' '' O
+Linda NNP B-NP
+Bowker NNP I-NP
+tells VBZ B-VP
+a DT B-NP
+reporter NN I-NP
+in IN B-PP
+the DT B-NP
+Trenton NNP I-NP
+office NN I-NP
+of IN B-PP
+the DT B-NP
+National NNP I-NP
+Organization NNP I-NP
+for IN B-PP
+Women NNP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+could MD B-VP
+have VB I-VP
+shouted VBN I-VP
+from IN B-PP
+the DT B-NP
+rooftops NNS I-NP
+about IN B-PP
+Courter NNP B-NP
+... : O
+and CC O
+no DT B-NP
+one PRP I-NP
+would MD B-VP
+have VB I-VP
+heard VBN I-VP
+us PRP B-NP
+. . O
+'' '' O
+
+New NNP B-NP
+Jersey NNP I-NP
+is VBZ B-VP
+a DT B-NP
+proving VBG I-NP
+ground NN I-NP
+for IN B-PP
+this DT B-NP
+aggressive JJ I-NP
+women's-rights JJ I-NP
+movement NN I-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+infusion NN I-NP
+of IN B-PP
+activists NNS B-NP
+can MD B-VP
+bring VB I-VP
+a DT B-NP
+clash NN I-NP
+of IN B-PP
+cultures NNS B-NP
+. . O
+
+In IN B-PP
+Cherry NNP B-NP
+Hill NNP I-NP
+, , O
+the DT B-NP
+National NNP I-NP
+Abortion NNP I-NP
+Rights NNP I-NP
+Action NNP I-NP
+League NNP I-NP
+, , O
+whose WP$ B-NP
+goal NN I-NP
+is VBZ B-VP
+to TO B-VP
+sign VB I-VP
+up IN B-PRT
+50,000 CD B-NP
+pro-choice JJ I-NP
+voters NNS I-NP
+, , O
+targets VBZ B-VP
+a DT B-NP
+union NN I-NP
+breakfast NN I-NP
+to TO B-VP
+build VB I-VP
+labor NN B-NP
+support NN I-NP
+for IN B-PP
+its PRP$ B-NP
+cause NN I-NP
+. . O
+
+The DT B-NP
+league NN I-NP
+organizers NNS I-NP
+seem VBP B-VP
+more JJR B-ADVP
+a DT B-NP
+fit NN I-NP
+with IN B-PP
+a DT B-NP
+convention NN I-NP
+next JJ B-ADVP
+door NN I-ADVP
+of IN B-PP
+young JJ B-NP
+aerobics NN I-NP
+instructors NNS I-NP
+in IN B-PP
+leotards NNS B-NP
+than IN B-PP
+the DT B-NP
+beefy JJ I-NP
+union NN I-NP
+leaders NNS I-NP
+; : O
+`` `` O
+I PRP B-NP
+wish VBP B-VP
+I PRP B-NP
+could MD B-VP
+go VB I-VP
+work NN I-VP
+out IN B-PRT
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+slim JJ I-NP
+activist NN I-NP
+. . O
+
+A DT B-NP
+labor NN I-NP
+chief NN I-NP
+speaks VBZ B-VP
+sardonically RB B-ADVP
+of IN B-PP
+having VBG B-VP
+to TO I-VP
+`` `` I-VP
+man NN I-VP
+and CC I-VP
+woman NN I-VP
+'' '' O
+Election NNP B-NP
+Day NNP I-NP
+phones NNS I-NP
+. . O
+
+No DT B-NP
+age NN I-NP
+group NN I-NP
+is VBZ B-VP
+more RBR B-ADJP
+sensitive JJ I-ADJP
+than IN B-PP
+younger JJR B-NP
+voters NNS I-NP
+, , O
+like IN B-PP
+Ms. NNP B-NP
+Ehman NNP I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+ago RB B-ADVP
+this DT B-NP
+fall NN I-NP
+, , O
+New NNP B-NP
+Jersey NNP I-NP
+voters NNS I-NP
+under IN B-PP
+30 CD B-NP
+favored VBN B-VP
+George NNP B-NP
+Bush NNP I-NP
+by IN B-PP
+56 CD B-NP
+% NN I-NP
+to TO I-NP
+39 CD I-NP
+% NN I-NP
+over IN B-PP
+Michael NNP B-NP
+Dukakis NNP I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+survey NN I-NP
+then RB B-ADVP
+by IN B-PP
+Rutgers NNP B-NP
+University NNP I-NP
+'s POS B-NP
+Eagleton NNP I-NP
+Institute NNP I-NP
+. . O
+
+A DT B-NP
+matching VBG I-NP
+Eagleton-Newark NNP I-NP
+Star NNP I-NP
+Ledger NNP I-NP
+poll NN I-NP
+last JJ B-NP
+month NN I-NP
+showed VBD B-VP
+a DT B-NP
+complete JJ I-NP
+reversal NN I-NP
+. . O
+
+Voters NNS B-NP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+age NN I-NP
+group NN I-NP
+backed VBN B-VP
+Democrat NNP B-NP
+Florio NNP I-NP
+55 NN B-NP
+% NN I-NP
+to TO I-NP
+29 CD I-NP
+% NN I-NP
+over IN B-PP
+Republican NNP B-NP
+Courter NNP I-NP
+. . O
+
+Abortion NNP B-NP
+alone RB B-ADVP
+ca MD B-VP
+n't RB I-VP
+explain VB I-VP
+this DT B-NP
+shift NN I-NP
+, , O
+but CC O
+New NNP B-NP
+Jersey NNP I-NP
+is VBZ B-VP
+a DT B-NP
+model NN I-NP
+of IN B-PP
+how WRB B-ADVP
+so RB B-NP
+personal JJ I-NP
+an DT I-NP
+issue NN I-NP
+can MD B-VP
+become VB I-VP
+a DT B-NP
+baseline NN I-NP
+of IN B-PP
+sorts NNS B-NP
+in IN B-PP
+judging VBG B-VP
+a DT B-NP
+candidate NN I-NP
+. . O
+
+By IN B-PP
+a DT B-NP
+2-to-1 JJ I-NP
+ratio NN I-NP
+, , O
+voters NNS B-NP
+appear VBP B-VP
+more JJR B-ADVP
+at IN B-PP
+ease NN B-NP
+with IN B-PP
+Mr. NNP B-NP
+Florio NNP I-NP
+'s POS B-NP
+stance NN I-NP
+on IN B-PP
+abortion NN B-NP
+, , O
+and CC O
+polls NNS B-NP
+indicate VBP B-VP
+his PRP$ B-NP
+lead NN I-NP
+widens VBZ B-VP
+when WRB B-ADVP
+the DT B-NP
+candidates NNS I-NP
+are VBP B-VP
+specifically RB I-VP
+linked VBN I-VP
+to TO B-PP
+the DT B-NP
+issue NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+times NNS I-NP
+are VBP B-VP
+my PRP$ B-NP
+times NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Florio NNP I-NP
+. . O
+
+The DT B-NP
+Camden NNP I-NP
+County NNP I-NP
+congressman NN I-NP
+still RB B-ADVP
+carries VBZ B-VP
+himself PRP B-NP
+with IN B-PP
+a DT B-NP
+trademark NN I-NP
+`` `` I-NP
+I'm-coming-down-your-throat JJ I-NP
+'' '' I-NP
+intensity NN I-NP
+, , O
+but CC O
+at IN B-PP
+a DT B-NP
+pause NN I-NP
+in IN B-PP
+Newark NNP B-NP
+'s POS B-NP
+Columbus NNP I-NP
+Day NNP I-NP
+parade NN I-NP
+recently RB B-ADVP
+, , O
+he PRP B-NP
+was VBD B-VP
+dancing VBG I-VP
+with IN B-PP
+his PRP$ B-NP
+wife NN I-NP
+in IN B-PP
+the DT B-NP
+middle NN I-NP
+of IN B-PP
+the DT B-NP
+avenue NN I-NP
+in IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+old JJ I-NP
+Italian-American JJ I-NP
+ward NN I-NP
+. . O
+
+After IN B-PP
+losing VBG B-VP
+by IN B-PP
+fewer JJR B-NP
+than IN I-NP
+1,800 CD I-NP
+votes NNS I-NP
+in IN B-PP
+the DT O
+1981 CD O
+governor NN B-NP
+'s POS B-NP
+race NN I-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+prepared VBN I-VP
+himself PRP B-NP
+methodically RB B-ADVP
+for IN B-PP
+this DT B-NP
+moment NN I-NP
+, , O
+including VBG B-PP
+deciding VBG B-VP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+he PRP B-NP
+could MD B-VP
+no RB I-VP
+longer RB I-VP
+support VB I-VP
+curbs NNS B-NP
+on IN B-PP
+federal JJ B-NP
+funding NN I-NP
+for IN B-PP
+Medicaid NNP B-NP
+abortions NNS I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+consistent JJ B-ADJP
+and CC O
+say VBP B-VP
+it PRP B-NP
+is VBZ B-VP
+a DT B-NP
+constitutionally RB I-NP
+protected VBN I-NP
+right NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+asks VBZ B-VP
+, , O
+`` `` O
+how WRB B-ADVP
+are VBP O
+you PRP B-NP
+going VBG B-VP
+to TO I-VP
+say VB I-VP
+an DT B-NP
+upscale JJ I-NP
+woman NN I-NP
+who WP B-NP
+can MD B-VP
+drive VB I-VP
+to TO B-PP
+the DT B-NP
+hospital NN I-NP
+or CC I-NP
+clinic NN I-NP
+in IN B-PP
+a DT B-NP
+nice JJ I-NP
+car NN I-NP
+has VBZ B-VP
+a DT B-NP
+constitutional JJ I-NP
+right NN I-NP
+and CC O
+someone NN B-NP
+who WP B-NP
+is VBZ B-VP
+not RB O
+in IN B-PP
+great JJ B-NP
+shape NN I-NP
+financially RB B-ADVP
+does VBZ B-VP
+not RB O
+? . O
+'' '' O
+
+Mr. NNP B-NP
+Courter NNP I-NP
+, , O
+by IN B-PP
+comparison NN B-NP
+, , O
+seems VBZ B-VP
+a DT B-NP
+shadow NN I-NP
+of IN B-PP
+the DT B-NP
+confident JJ I-NP
+hawk NN I-NP
+who WP B-NP
+defended VBD B-VP
+Oliver NNP B-NP
+North NNP I-NP
+before IN B-PP
+national JJ B-NP
+cameras NNS I-NP
+at IN B-PP
+Iran-Contra NNP B-NP
+hearings NNS I-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+Looking VBG B-VP
+back RB B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+he PRP B-NP
+erred VBN B-VP
+by IN B-PP
+stating VBG B-VP
+his PRP$ B-NP
+`` `` I-NP
+personal JJ I-NP
+'' '' I-NP
+opposition NN I-NP
+to TO B-PP
+abortion NN B-NP
+instead RB B-CONJP
+of IN I-CONJP
+assuring VBG B-VP
+voters NNS B-NP
+that IN B-SBAR
+he PRP B-NP
+would MD B-VP
+n't RB I-VP
+impose VB I-VP
+his PRP$ B-NP
+views NNS I-NP
+on IN B-PP
+`` `` O
+policy NN B-NP
+'' '' O
+as IN B-PP
+governor NN B-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+a DT B-NP
+distinction NN I-NP
+that WDT B-NP
+satisfies VBZ B-VP
+neither DT B-NP
+side NN I-NP
+in IN B-PP
+the DT B-NP
+debate NN I-NP
+. . O
+
+`` `` O
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+know VB I-VP
+himself PRP B-NP
+, , O
+'' '' O
+Kathy NNP B-NP
+Stanwick NNP I-NP
+of IN B-PP
+the DT B-NP
+Abortion NNP I-NP
+Rights NNP I-NP
+League NNP I-NP
+says NNS B-VP
+of IN B-PP
+Mr. NNP B-NP
+Courter NNP I-NP
+'s POS B-NP
+position NN I-NP
+. . O
+
+Even JJ B-NP
+abortion NN I-NP
+opponents NNS I-NP
+, , O
+however RB B-ADJP
+angry JJ I-ADJP
+with IN B-PP
+Mr. NNP B-NP
+Florio NNP I-NP
+, , O
+ca MD B-VP
+n't RB I-VP
+hide VB I-VP
+their PRP$ B-NP
+frustration NN I-NP
+with IN B-PP
+the DT B-NP
+Republican NNP I-NP
+'s POS B-NP
+ambivalence NN I-NP
+. . O
+
+`` `` O
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+lead VB I-VP
+the DT B-NP
+people NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Richard NNP B-NP
+Traynor NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+New NNP B-NP
+Jersey NNP I-NP
+Right NNP I-NP
+to TO B-PP
+Life NNP B-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+by IN B-PP
+stepping VBG B-VP
+outside IN B-PP
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+pro-choice JJ I-NP
+tradition NN I-NP
+, , O
+Mr. NNP B-NP
+Courter NNP I-NP
+aggravates VBZ B-VP
+fears NNS B-NP
+that IN B-SBAR
+he PRP B-NP
+is VBZ B-VP
+too RB B-ADJP
+conservative JJ I-ADJP
+as IN B-ADVP
+well RB I-ADVP
+on IN B-PP
+more JJR B-NP
+pressing VBG I-NP
+concerns NNS I-NP
+such JJ B-PP
+as IN I-PP
+auto NN B-NP
+insurance NN I-NP
+rates NNS I-NP
+and CC O
+the DT B-NP
+environment NN I-NP
+. . O
+
+He PRP B-NP
+hurt VBD B-VP
+himself PRP B-NP
+further VB B-ADVP
+this DT B-NP
+summer NN I-NP
+by IN B-PP
+bringing VBG B-VP
+homosexual JJ B-NP
+issues NNS I-NP
+into IN B-PP
+the DT B-NP
+debate NN I-NP
+; : O
+and CC O
+by IN B-PP
+wavering VBG B-VP
+on IN B-PP
+this DT B-NP
+issue NN I-NP
+and CC O
+abortion NN B-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+weakened VBN I-VP
+his PRP$ B-NP
+credibility NN I-NP
+in IN B-PP
+what WP B-NP
+is VBZ B-VP
+already RB B-ADVP
+a DT B-NP
+mean-spirited JJ I-NP
+campaign NN I-NP
+on IN B-PP
+both DT B-NP
+sides NNS I-NP
+. . O
+
+Elected VBN B-VP
+to TO B-PP
+Congress NNP B-NP
+in IN B-PP
+1978 CD B-NP
+, , O
+the DT B-NP
+48-year-old NNP I-NP
+Mr. NNP I-NP
+Courter NNP I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+generation NN I-NP
+of IN B-PP
+young JJ B-NP
+conservatives NNS I-NP
+who WP B-NP
+were VBD B-VP
+once RB B-ADVP
+very RB B-ADVP
+much RB I-ADVP
+in IN B-PP
+the DT B-NP
+lead NN I-NP
+of IN B-PP
+the DT B-NP
+rightward JJ I-NP
+shift NN I-NP
+under IN B-PP
+Mr. NNP B-NP
+Reagan NNP I-NP
+. . O
+
+Like IN B-PP
+many NN B-NP
+of IN B-PP
+his PRP$ B-NP
+colleagues NNS I-NP
+, , O
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+serve VB I-VP
+in IN B-PP
+Vietnam NNP B-NP
+in IN B-PP
+the DT B-NP
+1960s CD I-NP
+yet RB O
+embraced VBN B-VP
+a DT B-NP
+hawkish JJ I-NP
+defense NN I-NP
+and CC I-NP
+foreign JJ I-NP
+policy NN I-NP
+-- : O
+even JJ B-ADVP
+voting NN B-VP
+against IN B-PP
+a DT B-NP
+1984 CD I-NP
+resolution NN I-NP
+critical JJ B-ADJP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+mining NN I-NP
+of IN B-PP
+Nicaraguan JJ B-NP
+harbors NNS I-NP
+. . O
+
+Jack NNP B-NP
+Kemp NNP I-NP
+and CC O
+the DT B-NP
+writers NNS I-NP
+Irving NNP I-NP
+Kristol NNP I-NP
+and CC I-NP
+George NNP I-NP
+Gilder NNP I-NP
+were VBD B-VP
+influences NNS B-NP
+, , O
+and CC O
+Mr. NNP B-NP
+Courter NNP I-NP
+'s POS B-NP
+own JJ I-NP
+conservative JJ I-NP
+credentials NNS I-NP
+proved VBD B-VP
+useful JJ B-ADJP
+to TO B-PP
+the DT B-NP
+current JJ I-NP
+New NNP I-NP
+Jersey NNP I-NP
+GOP NNP I-NP
+governor NN I-NP
+, , O
+Thomas NNP B-NP
+Kean NNP I-NP
+, , O
+in IN B-PP
+the DT B-NP
+1981 CD I-NP
+Republican NNP I-NP
+primary JJ I-NP
+here RB I-NP
+. . O
+
+The DT B-NP
+same JJ I-NP
+partnership NN I-NP
+is VBZ B-VP
+now RB B-ADVP
+crucial JJ B-ADJP
+to TO B-PP
+Mr. NNP B-NP
+Courter NNP I-NP
+'s POS B-NP
+fortunes NNS I-NP
+, , O
+but CC O
+the DT B-NP
+abortion NN I-NP
+issue NN I-NP
+is VBZ B-VP
+only RB B-NP
+a DT I-NP
+reminder NN I-NP
+of IN B-PP
+the DT B-NP
+gap NN I-NP
+between IN B-PP
+his PRP$ B-NP
+record NN I-NP
+and CC O
+that IN B-NP
+of IN B-PP
+the DT B-NP
+more RBR B-NP
+moderate JJ I-NP
+, , I-NP
+pro-choice JJ I-NP
+Gov. NNP I-NP
+Kean NNP I-NP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+Warren NNP I-NP
+County NNP I-NP
+congressman NN I-NP
+pursued VBD B-VP
+an DT B-NP
+anti-government NN I-NP
+, , I-NP
+anti-tax JJ I-NP
+agenda NN I-NP
+in IN B-PP
+Washington NNP B-NP
+, , O
+Gov. NNP B-NP
+Kean NNP I-NP
+was VBD B-VP
+approving VBG I-VP
+increased VBN B-NP
+income NN I-NP
+and CC I-NP
+sales NNS I-NP
+taxes NNS I-NP
+at IN B-PP
+home NN B-NP
+and CC O
+overseeing VBG B-VP
+a DT B-NP
+near IN I-NP
+doubling VBG I-NP
+in IN B-PP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+New NNP B-NP
+Jersey NNP I-NP
+'s POS B-NP
+budget NN I-NP
+in IN B-PP
+his PRP$ B-NP
+eight CD I-NP
+years NNS I-NP
+in IN B-PP
+office NN B-NP
+. . O
+
+Kean NNP B-NP
+forces NNS I-NP
+play VBP B-VP
+down RP B-PRT
+any DT B-NP
+differences NNS I-NP
+with IN B-PP
+Mr. NNP B-NP
+Courter NNP I-NP
+, , O
+but CC O
+this DT B-NP
+history NN I-NP
+makes VBZ B-VP
+it PRP B-NP
+harder JJR B-ADJP
+for IN B-SBAR
+the DT B-NP
+conservative JJ I-NP
+to TO B-VP
+run VB I-VP
+against IN B-PP
+government NN B-NP
+. . O
+
+Mr. NNP B-NP
+Courter NNP I-NP
+'s POS B-NP
+free-market JJ I-NP
+plan NN I-NP
+to TO B-VP
+bring VB I-VP
+down JJ B-ADVP
+auto NN B-NP
+insurance NN I-NP
+rates NNS I-NP
+met VBD B-VP
+criticism NN B-NP
+from IN B-PP
+Gov. NNP B-NP
+Kean NNP I-NP
+'s POS B-NP
+own JJ I-NP
+insurance NN I-NP
+commissioner NN I-NP
+. . O
+
+Mr. NNP B-NP
+Courter NNP I-NP
+is VBZ B-VP
+further RB B-ADJP
+hobbled VBN I-ADJP
+by IN B-PP
+a DT B-NP
+record NN I-NP
+of IN B-PP
+votes NNS B-NP
+opposed VBN B-VP
+to TO B-PP
+government NN B-NP
+regulation NN I-NP
+on IN B-PP
+behalf NN B-NP
+of IN B-PP
+consumers NNS B-NP
+. . O
+
+Fluent JJ B-ADJP
+in IN B-PP
+Spanish JJ B-NP
+from IN B-PP
+his PRP$ B-NP
+days NNS I-NP
+in IN B-PP
+the DT B-NP
+Peace NNP I-NP
+Corps NNP I-NP
+, , O
+Mr. NNP B-NP
+Courter NNP I-NP
+actively RB B-ADVP
+courts VBZ B-VP
+minority NN B-NP
+voters NNS I-NP
+but CC O
+seems VBZ B-VP
+oddly RB B-ADVP
+over IN B-PP
+his PRP$ B-NP
+head NN I-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+warm JJ B-ADJP
+and CC I-ADJP
+polished VBN I-ADJP
+before IN B-PP
+a DT B-NP
+Puerto NNP I-NP
+Rican NNP I-NP
+Congress NNP I-NP
+in IN B-PP
+Asbury NNP B-NP
+Park NNP I-NP
+. . O
+
+Yet RB O
+minutes NNS B-NP
+after IN B-PP
+promising JJ B-VP
+to TO I-VP
+appoint VB I-VP
+Hispanics NNPS B-NP
+to TO B-PP
+high JJ B-NP
+posts NNS I-NP
+in IN B-PP
+state NN B-NP
+government NN I-NP
+, , O
+he PRP B-NP
+is VBZ B-VP
+unable JJ B-ADJP
+to TO B-VP
+say VB I-VP
+whether IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+ever RB I-VP
+employed VBN I-VP
+any DT B-NP
+in NN B-PP
+his PRP$ B-NP
+congressional JJ I-NP
+office NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+we PRP B-NP
+do VB B-VP
+now RB B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+we PRP B-NP
+did VBD B-VP
+. . O
+'' '' O
+
+Asked VBN B-VP
+the DT B-NP
+same JJ I-NP
+question NN I-NP
+after IN B-PP
+his PRP$ B-NP
+appearance NN I-NP
+, , O
+Democrat NNP B-NP
+Florio NNP I-NP
+identifies VBZ B-VP
+a DT B-NP
+staff NN I-NP
+member NN I-NP
+by IN B-PP
+name NN B-NP
+and CC O
+explains VBZ B-VP
+her PRP$ B-NP
+whereabouts NN I-NP
+today NN B-NP
+. . O
+
+When WRB B-ADVP
+he PRP B-NP
+is VBZ B-VP
+presented VBN I-VP
+with IN B-PP
+a DT B-NP
+poster NN I-NP
+celebrating VBG B-VP
+the DT B-NP
+organization NN I-NP
+'s POS B-NP
+20th JJ I-NP
+anniversary NN I-NP
+, , O
+he PRP B-NP
+recognizes VBZ B-VP
+a DT B-NP
+photograph NN I-NP
+of IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+founders NNS I-NP
+and CC O
+recalls VBZ B-VP
+time NN B-NP
+spent VBN B-VP
+together RB B-ADVP
+in IN B-PP
+Camden NNP B-NP
+. . O
+
+Details NNS B-NP
+and CC I-NP
+Camden NNP I-NP
+are VBP B-VP
+essential JJ B-NP
+Florio NNP I-NP
+. . O
+
+Elected VBN B-VP
+to TO B-PP
+Congress NNP B-NP
+as IN B-PP
+a DT B-NP
+`` `` I-NP
+Watergate NNP I-NP
+baby NN I-NP
+'' '' O
+in IN B-PP
+1974 CD B-NP
+, , O
+he PRP B-NP
+ran VBD B-VP
+for IN B-PP
+governor NN B-NP
+three CD B-NP
+years NNS I-NP
+later RB B-ADVP
+. . O
+
+In IN B-PP
+the DT B-NP
+opinion NN I-NP
+of IN B-PP
+many JJ B-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+stopped VBN I-VP
+running VBG I-VP
+since IN B-ADVP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+he PRP B-NP
+declined VBD B-VP
+a DT B-NP
+rematch NN I-NP
+with IN B-PP
+Gov. NNP B-NP
+Kean NNP I-NP
+in IN B-PP
+1985 CD B-NP
+. . O
+
+His PRP$ B-NP
+base NN I-NP
+in IN B-PP
+South NNP B-NP
+Jersey NNP I-NP
+and CC B-PP
+on IN B-PP
+the DT B-NP
+House NNP I-NP
+Energy NNP I-NP
+and CC I-NP
+Commerce NNP I-NP
+Committee NNP I-NP
+helped VBD B-VP
+him PRP B-NP
+sustain VBP B-VP
+a DT B-NP
+network NN I-NP
+of IN B-PP
+political-action JJ B-NP
+committees NNS I-NP
+to TO B-VP
+preserve VB I-VP
+his PRP$ B-NP
+edge NN I-NP
+. . O
+
+With IN B-PP
+limited JJ B-NP
+budgets NNS I-NP
+for IN B-PP
+television NN B-NP
+in IN B-PP
+a DT B-NP
+high-priced JJ I-NP
+market NN I-NP
+, , O
+Mr. NNP B-NP
+Florio NNP I-NP
+'s POS B-NP
+higher JJR I-NP
+recognition NN I-NP
+than IN B-PP
+his PRP$ B-NP
+rival NN I-NP
+is VBZ B-VP
+a DT B-NP
+major JJ I-NP
+advantage NN I-NP
+. . O
+
+More RBR B-ADVP
+than IN B-PP
+ever RB B-ADVP
+, , O
+his PRP$ B-NP
+pro-consumer NN I-NP
+and CC I-NP
+pro-environment NN I-NP
+record NN I-NP
+is VBZ B-VP
+in IN B-PP
+sync NN B-NP
+with IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+Auto NN B-NP
+insurance NN I-NP
+rates NNS I-NP
+are VBP B-VP
+soaring VBG I-VP
+. . O
+
+A DT B-NP
+toxic-waste-dump JJ I-NP
+fire NN I-NP
+destroyed VBD B-VP
+part NN B-NP
+of IN B-PP
+an DT B-NP
+interstate JJ I-NP
+highway NN I-NP
+this DT B-NP
+summer NN I-NP
+. . O
+
+In IN B-PP
+Monmouth NNP B-NP
+, , O
+an DT B-NP
+important JJ I-NP
+swing NN I-NP
+area NN I-NP
+, , O
+Republican NNP B-NP
+freeholders NNS I-NP
+now RB B-ADVP
+run VBP B-VP
+on IN B-PP
+a DT B-NP
+slogan NN I-NP
+promising JJ B-VP
+to TO I-VP
+keep VB I-VP
+the DT B-NP
+county NN I-NP
+`` `` O
+clean JJ B-ADJP
+and CC I-ADJP
+green JJ I-ADJP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Florio NNP I-NP
+savors NNS B-VP
+this DT B-NP
+vindication NN I-NP
+, , O
+but CC O
+at IN B-PP
+age NN B-NP
+52 CD I-NP
+, , O
+the DT B-NP
+congressman NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+a DT B-NP
+product NN I-NP
+of IN B-PP
+his PRP$ B-NP
+times NNS I-NP
+and CC I-NP
+losses NNS I-NP
+. . O
+
+He PRP B-NP
+speaks VBZ B-VP
+for IN B-PP
+the DT B-NP
+death NN I-NP
+penalty NN I-NP
+as IN B-SBAR
+if IN I-SBAR
+reading NN B-VP
+from IN B-PP
+Exodus NNP B-NP
+21 CD I-NP
+; : O
+to TO B-VP
+increase VB I-VP
+state NN B-NP
+revenue NN I-NP
+he PRP B-NP
+focuses VBZ B-VP
+not RB O
+on IN B-PP
+`` `` O
+taxes NNS B-NP
+'' '' O
+but CC B-PP
+on IN B-PP
+`` `` O
+audits NN B-NP
+'' '' O
+to TO B-VP
+cut VB I-VP
+waste NN B-NP
+. . O
+
+Hard-hitting JJ B-NP
+consultants NNS I-NP
+match VBP B-VP
+ads NNS B-NP
+with IN B-PP
+Mr. NNP B-NP
+Courter NNP I-NP
+'s POS B-NP
+team NN I-NP
+, , O
+and CC O
+Mr. NNP B-NP
+Florio NNP I-NP
+retools VBZ B-VP
+himself PRP B-NP
+as IN B-PP
+the DT B-NP
+lean JJ I-NP
+, , I-NP
+mean VB I-NP
+Democratic JJ I-NP
+fighting NN I-NP
+machine NN I-NP
+of IN B-PP
+the DT B-NP
+1990s CD I-NP
+. . O
+
+Appealing VBG B-VP
+to TO B-PP
+a DT B-NP
+young JJ I-NP
+audience NN I-NP
+, , O
+he PRP B-NP
+scraps VBZ B-VP
+an DT B-NP
+old JJ I-NP
+reference NN I-NP
+to TO B-PP
+Ozzie NNP B-NP
+and CC I-NP
+Harriet NNP I-NP
+and CC O
+instead RB B-ADVP
+quotes VBZ B-VP
+the DT B-NP
+Grateful NNP I-NP
+Dead NNP I-NP
+. . O
+
+The DT B-NP
+lyric JJ I-NP
+chosen VBN B-VP
+-- : O
+`` `` O
+long JJ B-NP
+strange JJ I-NP
+night NN I-NP
+'' '' O
+-- : O
+may MD B-VP
+be VB I-VP
+an DT B-NP
+apt JJ I-NP
+footnote NN I-NP
+to TO B-PP
+television NN B-NP
+spots NNS I-NP
+by IN B-PP
+both DT B-NP
+candidates NNS I-NP
+intended VBN B-VP
+to TO I-VP
+portray VB I-VP
+each DT B-NP
+other NN I-NP
+as IN B-PP
+a DT B-NP
+liar NN I-NP
+. . O
+
+The DT B-NP
+Democratic JJ I-NP
+lawmaker NN I-NP
+fits VBZ B-VP
+a DT B-NP
+pattern NN I-NP
+of IN B-PP
+younger JJR B-NP
+reformers NNS I-NP
+arising VBG B-VP
+out IN B-PP
+of IN B-PP
+old JJ B-NP
+machines NNS I-NP
+, , O
+but CC O
+his PRP$ B-NP
+ties NNS I-NP
+to TO B-PP
+Camden NNP B-NP
+remain VB B-VP
+a DT B-NP
+sore JJ I-NP
+point NN I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+county NN I-NP
+'s POS B-NP
+past JJ I-NP
+corruption NN I-NP
+. . O
+
+His PRP$ B-NP
+campaign NN I-NP
+hierarchy NN I-NP
+is VBZ B-VP
+chosen VBN I-VP
+from IN B-PP
+elsewhere RB B-NP
+in IN B-PP
+the DT B-NP
+state NN I-NP
+, , O
+and CC O
+faced VBD B-VP
+with IN B-PP
+criticism NN B-NP
+of IN B-PP
+a DT B-NP
+sweetheart NN I-NP
+bank NN I-NP
+investment NN I-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+so RB I-VP
+far RB I-VP
+blunted VBN I-VP
+the DT B-NP
+issue NN I-NP
+by IN B-PP
+donating VBG B-VP
+the DT B-NP
+bulk NN I-NP
+of IN B-PP
+his PRP$ B-NP
+profits NNS I-NP
+to TO B-PP
+his PRP$ B-NP
+alma JJ I-NP
+mater NN I-NP
+, , O
+Trenton NNP B-NP
+State NNP I-NP
+College NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Florio NNP I-NP
+'s POS B-NP
+forcefulness NN I-NP
+on IN B-PP
+the DT B-NP
+abortion NN I-NP
+issue NN I-NP
+after IN B-PP
+the DT B-NP
+Webster NNP I-NP
+ruling NN I-NP
+divides VBZ B-VP
+some DT B-NP
+of IN B-PP
+his PRP$ B-NP
+old JJ I-NP
+constituency NN I-NP
+. . O
+
+Pasquale NNP B-NP
+Pignatelli NNP I-NP
+, , O
+an DT B-NP
+unlikely JJ I-NP
+but CC I-NP
+enthusiastic JJ I-NP
+pipe NN I-NP
+major JJ I-NP
+in IN B-PP
+an DT B-NP
+Essex NNP I-NP
+County NNP I-NP
+Irish JJ I-NP
+bagpipe NN I-NP
+band NN I-NP
+, , O
+speaks VBZ B-VP
+sadly RB B-ADVP
+of IN B-PP
+Mr. NNP B-NP
+Florio NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+am VBP B-VP
+a DT B-NP
+devout JJ I-NP
+Catholic NNP I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Pignatelli NNP I-NP
+, , O
+a DT B-NP
+40-year-old JJ I-NP
+health NN I-NP
+officer NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+ca MD B-VP
+n't RB I-VP
+support VB I-VP
+him PRP B-NP
+because IN B-PP
+of IN I-PP
+abortion NN B-NP
+. . O
+'' '' O
+
+Bill NNP B-NP
+Wames NNP I-NP
+Sr. NNP I-NP
+, , O
+72 CD B-NP
+, , O
+is VBZ B-VP
+Catholic NNP B-ADJP
+too RB B-ADVP
+, , O
+but CC O
+unfazed VBN B-ADJP
+by IN B-PP
+Mr. NNP B-NP
+Florio NNP I-NP
+'s POS B-NP
+stand NN I-NP
+on IN B-PP
+abortion NN B-NP
+. . O
+
+A DT B-NP
+security NN I-NP
+guard NN I-NP
+at IN B-PP
+a DT B-NP
+cargo NN I-NP
+terminal NN I-NP
+, , O
+he PRP B-NP
+wears VBZ B-VP
+a DT O
+Sons NNP O
+of IN B-PP
+Italy NNP B-NP
+jacket NN B-NP
+and CC I-NP
+cap NN I-NP
+celebrating VBG B-VP
+`` `` O
+The DT B-NP
+US PRP I-NP
+1 CD I-NP
+Band NNP I-NP
+. . O
+'' '' O
+
+`` `` O
+I PRP B-NP
+still RB B-ADVP
+think VBP B-VP
+the DT B-NP
+woman NN I-NP
+has VBZ B-VP
+the DT B-NP
+right NN I-NP
+to TO B-VP
+do VB I-VP
+with IN B-PP
+her PRP$ B-NP
+body NN I-NP
+as IN B-SBAR
+she PRP B-NP
+pleases VBZ B-VP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+want VBP B-VP
+more JJR B-NP
+opinions NNS I-NP
+ask VBP B-VP
+my PRP$ B-NP
+wife NN I-NP
+. . O
+
+She PRP B-NP
+has VBZ B-VP
+lots NNS B-NP
+of IN B-PP
+opinions NNS B-NP
+. . O
+
+Consumer NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+a DT B-NP
+surprisingly RB I-NP
+moderate JJ I-NP
+0.2 CD I-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+, , O
+pushed VBD B-VP
+up IN B-ADVP
+mostly RB B-ADVP
+by IN B-PP
+a DT B-NP
+jump NN I-NP
+in IN B-PP
+clothing NN B-NP
+costs NNS I-NP
+, , O
+the DT B-NP
+Labor NNP I-NP
+Department NNP I-NP
+reported VBD B-VP
+. . O
+
+Energy NN B-NP
+costs NNS I-NP
+, , O
+which WDT B-NP
+drove VBD B-VP
+wholesale JJ B-NP
+prices NNS I-NP
+up IN B-ADVP
+sharply RB B-ADVP
+during IN B-PP
+the DT B-NP
+month NN I-NP
+, , O
+continued VBD B-VP
+to TO I-VP
+decline VB I-VP
+at IN B-PP
+the DT B-NP
+retail JJ I-NP
+level NN I-NP
+, , O
+pulling VBG B-VP
+down JJ B-ADVP
+transportation NN B-NP
+and CC O
+helping VBG B-VP
+to TO I-VP
+ease VB I-VP
+housing NN B-NP
+costs NNS I-NP
+. . O
+
+The DT B-NP
+report NN I-NP
+was VBD B-VP
+the DT B-NP
+brightest JJS I-NP
+news NN I-NP
+the DT B-NP
+financial JJ I-NP
+markets NNS I-NP
+had VBD B-VP
+seen VBN I-VP
+since IN B-PP
+before IN O
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+plunged VBD B-VP
+more JJR B-NP
+than IN I-NP
+190 CD I-NP
+points NNS I-NP
+last JJ B-NP
+Friday NNP I-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+rallied VBD B-VP
+on IN B-PP
+the DT B-NP
+news NN I-NP
+, , O
+closing VBG B-VP
+39.55 CD B-NP
+points NNS I-NP
+higher JJR B-ADVP
+at IN B-PP
+2683.20 CD B-NP
+. . O
+
+Bond NN B-NP
+prices NNS I-NP
+also RB B-ADVP
+jumped VBD B-VP
+as IN B-SBAR
+traders NNS B-NP
+appeared VBD B-VP
+to TO I-VP
+read VB I-VP
+the DT B-NP
+data NNS I-NP
+as IN B-PP
+a DT B-NP
+sign NN I-NP
+that IN B-SBAR
+interest NN B-NP
+rates NNS I-NP
+may MD B-VP
+fall VB I-VP
+. . O
+
+But CC O
+many JJ B-NP
+economists NNS I-NP
+were VBD B-VP
+not RB O
+nearly RB B-ADVP
+as IN B-ADJP
+jubilant JJ I-ADJP
+. . O
+
+The DT B-NP
+climb NN I-NP
+in IN B-PP
+wholesale JJ B-NP
+energy NN I-NP
+prices NNS I-NP
+is VBZ B-VP
+certain JJ B-ADJP
+to TO B-VP
+push VB I-VP
+up IN B-ADVP
+retail JJ B-NP
+energy NN I-NP
+prices NNS I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+months NNS I-NP
+, , O
+they PRP B-NP
+warned VBD B-VP
+. . O
+
+They PRP B-NP
+also RB B-ADVP
+said VBD B-VP
+the DT B-NP
+dollar NN I-NP
+is VBZ B-VP
+leveling VBG I-VP
+off IN B-PRT
+after IN B-PP
+a DT B-NP
+rise NN I-NP
+this DT B-NP
+summer NN I-NP
+that WDT B-NP
+helped VBD B-VP
+to TO I-VP
+reduce VB I-VP
+the DT B-NP
+prices NNS I-NP
+of IN B-PP
+imported VBN B-NP
+goods NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+inflation NN B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+pick VB I-VP
+up IN B-PRT
+through IN B-PP
+the DT B-NP
+fall NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Joel NNP B-NP
+Popkin NNP I-NP
+, , O
+a DT B-NP
+specialist NN I-NP
+on IN B-PP
+inflation NN B-NP
+who WP B-NP
+runs VBZ B-VP
+an DT B-NP
+economic JJ I-NP
+consulting NN I-NP
+firm NN I-NP
+here RB B-ADVP
+. . O
+
+`` `` O
+It PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+in IN B-PP
+what WP B-NP
+I PRP B-NP
+would MD B-VP
+describe VB I-VP
+as IN B-PP
+a DT B-NP
+lull NN I-NP
+for IN B-PP
+the DT B-NP
+past JJ I-NP
+several JJ I-NP
+months NNS I-NP
+. . O
+'' '' O
+
+`` `` O
+We PRP B-NP
+'ve VBP B-VP
+had VBD I-VP
+whopping JJ B-NP
+declines NNS I-NP
+in IN B-PP
+consumer NN B-NP
+energy NN I-NP
+prices NNS I-NP
+in IN B-PP
+each DT B-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+three CD I-NP
+months NNS I-NP
+, , O
+and CC O
+at IN B-PP
+the DT B-NP
+wholesale JJ I-NP
+level NN I-NP
+those DT B-NP
+are VBP B-VP
+fully RB B-ADVP
+behind IN B-PP
+us PRP B-NP
+now RB B-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Jay NNP B-NP
+Woodworth NNP I-NP
+, , O
+chief JJ B-NP
+domestic JJ I-NP
+economist NN I-NP
+at IN B-PP
+Bankers NNP B-NP
+Trust NNP I-NP
+Co. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+Because IN B-SBAR
+wholesale JJ B-NP
+energy NN I-NP
+prices NNS I-NP
+shot NN B-VP
+up IN B-ADVP
+by IN B-PP
+a DT B-NP
+steep JJ I-NP
+6.5 CD I-NP
+% NN I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+many JJ B-NP
+analysts NNS I-NP
+expected VBD B-VP
+energy NN B-NP
+prices NNS I-NP
+to TO B-VP
+rise VB I-VP
+at IN B-PP
+the DT B-NP
+consumer NN I-NP
+level NN I-NP
+too RB B-ADVP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+many JJ B-NP
+economists NNS I-NP
+were VBD B-VP
+expecting VBG I-VP
+the DT B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+to TO B-VP
+increase VB I-VP
+significantly RB B-ADVP
+more JJR I-ADVP
+than IN B-SBAR
+it PRP B-NP
+did VBD B-VP
+. . O
+
+But CC O
+retail JJ B-NP
+energy NN I-NP
+prices NNS I-NP
+declined VBD B-VP
+0.9 CD B-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+. . O
+
+Though IN B-SBAR
+analysts NNS B-NP
+say VBP B-VP
+competition NN B-NP
+will MD B-VP
+probably RB I-VP
+hold VB I-VP
+down RB B-PRT
+increases VBZ B-NP
+in IN B-PP
+retail JJ B-NP
+energy NN I-NP
+prices NNS I-NP
+, , O
+many JJ B-NP
+expect VBP B-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+wholesale JJ I-NP
+rise NN I-NP
+to TO B-VP
+be VB I-VP
+passed VBN I-VP
+along IN B-PRT
+to TO B-PP
+the DT B-NP
+consumer NN I-NP
+before IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+some DT B-NP
+analysts NNS I-NP
+insisted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+worst JJS I-NP
+of IN B-PP
+the DT B-NP
+inflation NN I-NP
+is VBZ B-VP
+behind RB B-ADVP
+. . O
+
+`` `` O
+It PRP B-NP
+increasingly RB B-ADVP
+appears VBZ B-VP
+that IN B-SBAR
+1987-88 CD B-NP
+was VBD B-VP
+a DT B-NP
+temporary JJ I-NP
+inflation NN I-NP
+blip NN I-NP
+and CC B-NP
+not RB I-NP
+the DT B-NP
+beginning NN I-NP
+of IN B-PP
+a DT B-NP
+cyclical JJ I-NP
+inflation NN I-NP
+problem NN I-NP
+, , O
+'' '' O
+argued VBD B-VP
+Edward NNP B-NP
+Yardeni NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+at IN B-PP
+Prudential-Bache NNP B-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+In IN B-PP
+both DT B-NP
+1987 CD I-NP
+and CC I-NP
+1988 CD I-NP
+, , O
+consumer NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+4.4 CD B-NP
+% NN I-NP
+. . O
+
+A DT B-NP
+run-up NN I-NP
+in IN B-PP
+world NN B-NP
+oil NN I-NP
+prices NNS I-NP
+last JJ B-NP
+winter NN I-NP
+sent VBD B-VP
+consumer NN B-NP
+prices NNS I-NP
+soaring VBG B-VP
+at IN B-PP
+a DT B-NP
+6.7 CD I-NP
+% NN I-NP
+annual JJ I-NP
+rate NN I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+five CD I-NP
+months NNS I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+, , O
+but CC O
+the DT B-NP
+subsequent JJ I-NP
+decline NN I-NP
+in IN B-PP
+energy NN B-NP
+prices NNS I-NP
+has VBZ B-VP
+pulled VBN I-VP
+the DT B-NP
+annual JJ I-NP
+rate NN I-NP
+back RB B-ADVP
+down RB I-ADVP
+to TO B-PP
+4.4 CD B-NP
+% NN I-NP
+. . O
+
+Mr. NNP B-NP
+Yardeni NNP I-NP
+predicted VBD B-VP
+that DT B-SBAR
+world NN B-NP
+business NN I-NP
+competition NN I-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+restrain VB I-VP
+prices NNS B-NP
+. . O
+
+`` `` O
+The DT B-NP
+bottom NN I-NP
+line NN I-NP
+is VBZ B-VP
+, , O
+it PRP B-NP
+seems VBZ B-VP
+to TO B-PP
+me PRP B-NP
+that IN B-SBAR
+the DT B-NP
+economic JJ I-NP
+environment NN I-NP
+has VBZ B-VP
+become VBN I-VP
+very RB B-ADJP
+, , I-ADJP
+very RB I-ADJP
+competitve JJ I-ADJP
+for IN B-PP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+businesses NNS B-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Back RB B-ADVP
+in IN B-PP
+1987-88 CD B-NP
+, , O
+business NN B-NP
+was VBD B-VP
+operating VBG I-VP
+at IN B-PP
+fairly RB B-NP
+tight JJ I-NP
+capacity NN I-NP
+, , O
+so RB O
+businesses NNS B-NP
+felt VBD B-VP
+they PRP B-NP
+could MD B-VP
+raise VB I-VP
+prices NNS B-NP
+. . O
+'' '' O
+
+Now RB B-ADVP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+a DT B-NP
+slowdown NN I-NP
+in IN B-PP
+economic JJ B-NP
+activity NN I-NP
+has VBZ B-VP
+slackened VBN I-VP
+demand NN B-NP
+. . O
+
+The DT B-NP
+mild JJ I-NP
+inflation NN I-NP
+figures NNS I-NP
+renewed VBD B-VP
+investors NNS B-NP
+' POS B-NP
+hopes VBZ I-NP
+that IN B-SBAR
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+will MD B-VP
+ease VB I-VP
+its PRP$ B-NP
+interest-rate NN I-NP
+stance NN I-NP
+. . O
+
+The DT B-NP
+steep JJ I-NP
+climb NN I-NP
+in IN B-PP
+producer NN B-NP
+prices NNS I-NP
+reported VBD B-VP
+last JJ B-NP
+Friday NNP I-NP
+fostered VBD B-VP
+pessimism NN B-NP
+about IN B-PP
+lower JJR B-NP
+interest NN I-NP
+rates NNS I-NP
+and CC O
+contributed VBD B-VP
+to TO B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+'s POS B-NP
+6.9 CD B-ADJP
+% NN I-ADJP
+plunge NN B-NP
+that DT B-NP
+day NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+past JJ I-NP
+several JJ I-NP
+days NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+'s POS B-NP
+central JJ I-NP
+bank NN I-NP
+has VBZ B-VP
+allowed VBN I-VP
+a DT B-NP
+key JJ I-NP
+interest NN I-NP
+rate NN I-NP
+to TO B-VP
+fall VB I-VP
+slightly RB B-ADVP
+to TO B-VP
+try VB I-VP
+to TO I-VP
+stabilize VB I-VP
+the DT B-NP
+markets NNS I-NP
+. . O
+
+Analysts NNS B-NP
+say VBP B-VP
+Fed NNP B-NP
+policy NN I-NP
+makers NNS I-NP
+have VBP B-VP
+been VBN I-VP
+wary JJ B-ADJP
+of IN B-PP
+relaxing VBG B-VP
+credit NN B-NP
+too RB B-ADVP
+much JJ I-ADVP
+because IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+still RB B-ADJP
+uncertain JJ I-ADJP
+about IN B-PP
+the DT B-NP
+level NN I-NP
+of IN B-PP
+inflation NN B-NP
+in IN B-PP
+the DT B-NP
+economy NN I-NP
+. . O
+
+Excluding VBG B-PP
+the DT B-NP
+volatile JJ I-NP
+categories NNS I-NP
+of IN B-PP
+energy NN B-NP
+and CC I-NP
+food NN I-NP
+-- : O
+leaving VBG B-VP
+what WP B-NP
+some DT B-NP
+economists NNS I-NP
+call VBP B-VP
+the DT B-NP
+core NN I-NP
+inflation NN I-NP
+rate NN I-NP
+-- : O
+consumer NN B-NP
+prices NNS I-NP
+still RB B-ADVP
+rose VBD B-VP
+only RB B-NP
+0.2 CD I-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+. . O
+
+Transportation NN B-NP
+costs NNS I-NP
+actually RB B-ADVP
+fell VBD B-VP
+0.5 CD B-NP
+% NN I-NP
+, , O
+and CC O
+housing NN B-NP
+costs NNS I-NP
+gained VBD B-VP
+only RB B-NP
+0.1 CD I-NP
+% NN I-NP
+. . O
+
+Apparel NN B-NP
+prices NNS I-NP
+rocketed VBD B-VP
+up IN B-ADVP
+1.7 CD B-NP
+% NN I-NP
+, , O
+but CC O
+that DT B-NP
+was VBD B-VP
+after IN B-PP
+three CD B-NP
+months NNS I-NP
+of IN B-PP
+declines NNS B-NP
+. . O
+
+Medical JJ B-NP
+costs NNS I-NP
+continued VBD B-VP
+their PRP$ B-NP
+steep JJ I-NP
+ascent NN I-NP
+, , O
+rising VBG B-VP
+0.8 CD B-NP
+% NN I-NP
+after IN B-PP
+four CD B-NP
+consecutive JJ I-NP
+months NNS I-NP
+of IN B-PP
+0.7 CD B-NP
+% NN I-NP
+increases NNS I-NP
+. . O
+
+Car NN B-NP
+prices NNS I-NP
+, , O
+another DT B-NP
+area NN I-NP
+that WDT B-NP
+contributed VBD B-VP
+to TO B-PP
+the DT B-NP
+steep JJ I-NP
+rise NN I-NP
+in IN B-PP
+the DT B-NP
+wholesale JJ I-NP
+index NN I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+still RB B-ADVP
+showed VBD B-VP
+declines NNS B-NP
+at IN B-PP
+the DT B-NP
+consumer NN I-NP
+level NN I-NP
+. . O
+
+They PRP B-NP
+dropped VBD B-VP
+0.4 CD B-NP
+% NN I-NP
+as IN B-SBAR
+dealers NNS B-NP
+continued VBD B-VP
+to TO I-VP
+offer VB I-VP
+rebates NNS B-NP
+to TO B-VP
+attract VB I-VP
+customers NNS B-NP
+. . O
+
+Food NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+0.2 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+second JJ I-NP
+month NN I-NP
+in IN B-PP
+a DT B-NP
+row NN I-NP
+, , O
+far RB B-ADVP
+slower JJR I-ADVP
+than IN B-PP
+the DT B-NP
+monthly JJ I-NP
+rises NNS I-NP
+earlier RBR B-ADVP
+in IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+the DT B-NP
+Labor NNP I-NP
+Department NNP I-NP
+reported VBD B-VP
+that IN B-SBAR
+average JJ B-NP
+weekly JJ I-NP
+earnings NNS I-NP
+rose VBD B-VP
+0.3 CD B-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+, , O
+after IN B-PP
+adjusting VBG B-VP
+for IN B-PP
+inflation NN B-NP
+, , O
+following VBG B-PP
+a DT B-NP
+0.7 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+All DT B-NP
+the DT I-NP
+numbers NNS I-NP
+are VBP B-VP
+adjusted VBN I-VP
+for IN B-PP
+seasonal JJ B-NP
+fluctuations NNS I-NP
+. . O
+
+Here RB B-ADVP
+are VBP B-VP
+the DT B-NP
+seasonally RB I-NP
+adjusted VBN I-NP
+changes NNS I-NP
+in IN B-PP
+the DT B-NP
+components NNS I-NP
+of IN B-PP
+the DT B-NP
+Labor NNP I-NP
+Department NNP I-NP
+'s POS B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+for IN B-PP
+September NNP B-NP
+. . O
+
+After IN B-PP
+watching VBG B-VP
+interest NN B-NP
+in IN B-PP
+the DT B-NP
+sport NN I-NP
+plummet NN B-VP
+for IN B-PP
+years NNS B-NP
+, , O
+the DT B-NP
+ski NN I-NP
+industry NN I-NP
+is VBZ B-VP
+trying VBG I-VP
+to TO I-VP
+give VB I-VP
+itself PRP B-NP
+a DT B-NP
+lift NN I-NP
+. . O
+
+Across IN B-PP
+the DT B-NP
+country NN I-NP
+, , O
+resorts NNS B-NP
+are VBP B-VP
+using VBG I-VP
+everything NN B-NP
+from IN B-PP
+fireworks NNS B-NP
+to TO B-PP
+classical-music JJ B-NP
+concerts NNS I-NP
+to TO B-VP
+attract VB I-VP
+new JJ B-NP
+customers NNS I-NP
+. . O
+
+Some DT B-NP
+have NN B-VP
+built VBD I-VP
+health NN B-NP
+spas NNS I-NP
+, , O
+business NN B-NP
+centers NNS I-NP
+and CC O
+shopping NN B-NP
+villages NNS I-NP
+so RB O
+visitors NNS B-NP
+have VBP B-VP
+more JJR B-NP
+to TO B-VP
+do VB I-VP
+than IN B-PP
+ski NN B-VP
+. . O
+
+And CC O
+this DT B-NP
+week NN I-NP
+, , O
+the DT B-NP
+industry NN I-NP
+'s POS B-NP
+efforts NNS I-NP
+will MD B-VP
+go VB I-VP
+national JJ B-ADJP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+unveils VBZ B-VP
+a DT B-NP
+$ $ I-NP
+7 CD I-NP
+million CD I-NP
+advertising NN I-NP
+campaign NN I-NP
+. . O
+
+Such JJ B-NP
+efforts NNS I-NP
+-- : O
+unheard JJ B-ADJP
+of IN B-PRT
+only RB B-NP
+a DT I-NP
+few JJ I-NP
+years NNS I-NP
+ago RB B-ADVP
+-- : O
+are VBP B-VP
+the DT B-NP
+latest JJS I-NP
+attempts NNS I-NP
+to TO B-VP
+revive VB I-VP
+the DT B-NP
+sagging VBG I-NP
+$ $ I-NP
+1.76 CD I-NP
+billion CD I-NP
+U.S. NNP I-NP
+ski NN I-NP
+industry NN I-NP
+. . O
+
+Since IN B-PP
+the DT B-NP
+start NN I-NP
+of IN B-PP
+the DT B-NP
+decade NN I-NP
+, , O
+lift-ticket JJ B-NP
+sales NNS I-NP
+have NN B-VP
+grown VBN I-VP
+only RB B-NP
+3 CD I-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+on IN B-PP
+average JJ B-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+16 CD B-NP
+% NN I-NP
+annual JJ I-NP
+growth NN I-NP
+rates NNS I-NP
+in IN B-PP
+the DT B-NP
+'60s NNS I-NP
+and CC I-NP
+'70s NNS I-NP
+. . O
+
+Last JJ B-NP
+season NN I-NP
+, , O
+lift-ticket JJ B-NP
+sales NNS I-NP
+fell VBD B-VP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+in IN B-PP
+seven CD B-NP
+years NNS I-NP
+. . O
+
+By IN B-PP
+some DT B-NP
+estimates NNS I-NP
+, , O
+nearly RB B-NP
+a DT I-NP
+fourth JJ I-NP
+of IN B-PP
+all DT B-NP
+U.S. NNP I-NP
+ski NN I-NP
+areas NNS I-NP
+have VBP B-VP
+been VBN I-VP
+forced VBN I-VP
+to TO I-VP
+shut VB I-VP
+down RB B-PRT
+since IN B-PP
+the DT B-NP
+early JJ I-NP
+'80s NNS I-NP
+. . O
+
+Competition NN B-NP
+and CC O
+mounting VBG B-NP
+insurance NN I-NP
+and CC I-NP
+equipment NN I-NP
+costs NNS I-NP
+have VBP B-VP
+been VBN I-VP
+the DT B-NP
+undoing NN I-NP
+of IN B-PP
+many JJ B-NP
+resorts NNS I-NP
+. . O
+
+But CC O
+another DT B-NP
+big JJ I-NP
+problem NN I-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+aging NN I-NP
+of IN B-PP
+baby NN B-NP
+boomers NNS I-NP
+. . O
+
+Skiing NN B-NP
+, , O
+after IN B-PP
+all DT B-NP
+, , O
+has VBZ B-VP
+mainly RB I-VP
+been VBN I-VP
+for IN B-PP
+the DT B-NP
+young JJ I-NP
+and CC I-NP
+daring JJ I-NP
+and CC O
+many JJ B-NP
+baby NN I-NP
+boomers NNS I-NP
+have VBP B-VP
+outgrown VBN I-VP
+skiing NN B-NP
+or CC O
+have VBP B-VP
+too RB B-NP
+many JJ I-NP
+family NN I-NP
+responsibilities NNS I-NP
+to TO B-VP
+stick VB I-VP
+with IN B-PP
+the DT B-NP
+sport NN I-NP
+. . O
+
+In IN B-PP
+its PRP$ B-NP
+new JJ I-NP
+ad NN I-NP
+campaign NN I-NP
+, , O
+created VBN B-VP
+by IN B-PP
+D'Arcy NNP B-NP
+Masius NNP I-NP
+Benton NNP I-NP
+& CC I-NP
+Bowles NNP I-NP
+Inc. NNP I-NP
+, , O
+Chicago NNP B-NP
+, , O
+the DT B-NP
+ski NN I-NP
+industry NN I-NP
+is VBZ B-VP
+trying VBG I-VP
+to TO I-VP
+change VB I-VP
+its PRP$ B-NP
+image NN I-NP
+as IN B-PP
+a DT B-NP
+sport NN I-NP
+primarily RB B-ADVP
+for IN B-PP
+young JJ B-NP
+white JJ I-NP
+people NNS I-NP
+. . O
+
+One CD B-NP
+60-second JJ I-NP
+TV NN I-NP
+spot NN I-NP
+features VBZ B-VP
+a DT B-NP
+diverse JJ I-NP
+group NN I-NP
+of IN B-PP
+skiers NNS B-NP
+gracefully RB B-VP
+gliding VBG I-VP
+down RB B-PP
+sun-drenched JJ B-NP
+slopes NNS I-NP
+: : O
+senior JJ B-NP
+citizens NNS I-NP
+, , O
+minorities NNS B-NP
+, , O
+families NNS B-NP
+with IN B-PP
+children NNS B-NP
+-- : B-NP
+even RB I-NP
+a DT B-NP
+blind JJ I-NP
+skier NN I-NP
+. . O
+
+`` `` O
+Ski NNP B-NP
+school NN I-NP
+is VBZ B-VP
+great JJ B-ADJP
+, , O
+'' '' O
+cries NNS B-VP
+out IN B-PRT
+a DT B-NP
+tot NN I-NP
+, , O
+bundled VBN B-VP
+in IN B-PP
+a DT B-NP
+snowsuit NN I-NP
+as IN B-SBAR
+he PRP B-NP
+plows VBZ B-VP
+down RP B-PP
+a DT B-NP
+bunny NN I-NP
+slope NN I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+'ll MD B-VP
+never RB I-VP
+know VB I-VP
+'til NN O
+you PRP B-NP
+try VBP B-VP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+black JJ I-NP
+skier NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+used VBD B-VP
+to TO I-VP
+show VB I-VP
+some DT B-NP
+hot-dog JJ I-NP
+skier NN I-NP
+in IN B-PP
+his PRP$ B-NP
+twenties NNS I-NP
+or CC I-NP
+thirties NNS I-NP
+going VBG B-VP
+over IN B-PP
+the DT B-NP
+edge NN I-NP
+of IN B-PP
+a DT B-NP
+cliff NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Kathe NNP B-NP
+Dillmann NNP I-NP
+, , O
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+the DT B-NP
+United NNP I-NP
+Ski NNP I-NP
+Industries NNP I-NP
+Association NNP I-NP
+, , O
+the DT B-NP
+trade NN I-NP
+group NN I-NP
+sponsoring VBG B-VP
+the DT B-NP
+campaign NN I-NP
+. . O
+
+Ski NN B-NP
+promotions NNS I-NP
+have VBP B-VP
+traditionally RB I-VP
+avoided VBN I-VP
+the DT B-NP
+touchy JJ I-NP
+issue NN I-NP
+of IN B-PP
+safety NN B-NP
+. . O
+
+But CC O
+the DT B-NP
+new JJ I-NP
+commercials NNS I-NP
+deal VBP B-VP
+with IN B-PP
+it PRP B-NP
+indirectly RB B-ADVP
+by IN B-PP
+showing VBG B-VP
+a DT B-NP
+woman NN I-NP
+smiling VBG B-VP
+as IN B-SBAR
+she PRP B-NP
+tries VBZ B-VP
+to TO I-VP
+get VB I-VP
+up IN B-PRT
+from IN B-PP
+a DT B-NP
+fall NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+show VB I-VP
+it PRP B-NP
+'s VBZ B-VP
+okay JJ B-ADJP
+if IN B-SBAR
+you PRP B-NP
+fall VBP B-VP
+, , O
+'' '' O
+says VBZ B-VP
+Ms. NNP B-NP
+Dillmann NNP I-NP
+. . O
+
+`` `` O
+Most JJS B-NP
+people NNS I-NP
+think VBP B-VP
+if IN B-SBAR
+you PRP B-NP
+slip VBP B-VP
+, , O
+you PRP B-NP
+'ll MD B-VP
+wind VB I-VP
+up IN B-PRT
+in IN B-PP
+a DT B-NP
+body NN I-NP
+cast NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+ad NN I-NP
+campaign NN I-NP
+represents VBZ B-VP
+an DT B-NP
+unusual JJ I-NP
+spirit NN I-NP
+of IN B-PP
+cooperation NN B-NP
+among IN B-PP
+resorts NNS B-NP
+and CC O
+ski NN B-NP
+equipment NN I-NP
+makers NNS I-NP
+; : O
+normally RB B-ADVP
+, , O
+they PRP B-NP
+only RB B-ADVP
+run VBP B-VP
+ads NNS B-NP
+hyping VBG B-VP
+their PRP$ B-NP
+own JJ I-NP
+products NNS I-NP
+and CC I-NP
+facilities NNS I-NP
+. . O
+
+But CC O
+in IN B-PP
+these DT B-NP
+crunch NN I-NP
+times NNS I-NP
+for IN B-PP
+the DT B-NP
+ski NN I-NP
+industry NN I-NP
+, , O
+some DT B-NP
+resorts NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+Angel NNP I-NP
+Fire NNP I-NP
+, , I-NP
+Red NNP I-NP
+River NNP I-NP
+and CC I-NP
+Taos NNP I-NP
+ski NN I-NP
+areas NNS I-NP
+in IN B-PP
+New NNP B-NP
+Mexico NNP I-NP
+, , O
+have VBP B-VP
+even RB I-VP
+started VBN I-VP
+shuttle-busing NN I-VP
+skiers NNS B-NP
+to TO B-PP
+each DT B-NP
+other NN I-NP
+'s POS B-NP
+slopes NNS I-NP
+and CC O
+next JJ B-VP
+year NN I-VP
+plan NN I-VP
+to TO I-VP
+sell VB I-VP
+tickets NNS B-NP
+good JJ B-ADJP
+for IN B-PP
+all DT B-NP
+local JJ I-NP
+lifts NNS I-NP
+. . O
+
+Many JJ B-NP
+resorts NNS I-NP
+also RB B-ADVP
+are VBP B-VP
+focusing VBG I-VP
+more JJR B-ADVP
+on IN B-PP
+the DT B-NP
+service NN I-NP
+side NN I-NP
+of IN B-PP
+their PRP$ B-NP
+business NN I-NP
+. . O
+
+Since IN B-SBAR
+40 CD B-NP
+% NN I-NP
+of IN B-PP
+skiers NNS B-NP
+are VBP B-VP
+parents NNS B-NP
+, , O
+many JJ B-NP
+slopes NNS I-NP
+are VBP B-VP
+building VBG I-VP
+nurseries NNS B-NP
+, , O
+expanding VBG B-VP
+ski NN B-NP
+schools NNS I-NP
+and CC O
+adding VBG B-VP
+entertainment NN B-NP
+for IN B-PP
+kids NNS B-NP
+. . O
+
+Vail NNP B-NP
+, , O
+Colo. NNP B-NP
+, , O
+now RB B-ADVP
+has VBZ B-VP
+a DT B-NP
+playland NN I-NP
+that WDT B-NP
+looks VBZ B-VP
+like IN B-PP
+an DT B-NP
+old JJ I-NP
+mining NN I-NP
+town NN I-NP
+; : O
+kids NNS B-NP
+can MD B-VP
+ski VB I-VP
+through IN B-ADVP
+and CC O
+pan NN B-VP
+for IN B-PP
+fool NN B-NP
+'s POS B-NP
+gold NN I-NP
+. . O
+
+For IN B-PP
+$ $ B-NP
+15 CD I-NP
+, , O
+they PRP B-NP
+can MD B-VP
+enjoy VB I-VP
+their PRP$ B-NP
+own JJ I-NP
+nightly JJ I-NP
+entertainment NN I-NP
+, , O
+with IN B-PP
+dinner NN B-NP
+, , O
+without IN B-PP
+mom NN B-NP
+and CC I-NP
+dad NN I-NP
+. . O
+
+A DT B-NP
+few JJ I-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+parents NNS B-NP
+usually RB B-ADVP
+had VBD B-VP
+to TO I-VP
+hire VB I-VP
+a DT B-NP
+sitter NN I-NP
+or CC O
+take VB B-VP
+turns VBZ B-NP
+skiing NN B-VP
+while IN B-SBAR
+one CD B-NP
+spouse NN I-NP
+stayed VBD B-VP
+with IN B-PP
+the DT B-NP
+children NNS I-NP
+. . O
+
+`` `` O
+Most JJS B-NP
+parents NNS I-NP
+who WP B-NP
+had VBD B-VP
+to TO I-VP
+go VB I-VP
+through IN B-PP
+that DT B-NP
+never RB B-ADVP
+came VBD B-VP
+back RB B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Michael NNP B-NP
+Shannon NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Vail NNP B-NP
+Associates NNP I-NP
+Inc. NNP I-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+and CC I-VP
+operates VBZ I-VP
+the DT B-NP
+Vail NNP I-NP
+and CC I-NP
+nearby JJ I-NP
+Beaver NNP I-NP
+Creek NNP I-NP
+resorts NNS I-NP
+. . O
+
+To TO B-VP
+make VB I-VP
+skiing NN B-NP
+more RBR B-ADJP
+convenient JJ I-ADJP
+for IN B-PP
+time-strapped JJ B-NP
+visitors NNS I-NP
+, , O
+several JJ B-NP
+resorts NNS I-NP
+are VBP B-VP
+buying VBG I-VP
+or CC I-VP
+starting VBG I-VP
+their PRP$ B-NP
+own JJ I-NP
+travel NN I-NP
+agencies NNS I-NP
+. . O
+
+In IN B-PP
+one CD B-NP
+phone NN I-NP
+call NN I-NP
+, , O
+ski NN B-NP
+buffs NNS I-NP
+can MD B-VP
+make VB I-VP
+hotel NN B-NP
+and CC I-NP
+restaurant NN I-NP
+reservations NNS I-NP
+, , O
+buy VB B-VP
+lift NN B-NP
+tickets NNS I-NP
+, , O
+rent NN B-VP
+ski NN B-NP
+equipment NN I-NP
+and CC O
+sign NN B-VP
+up IN B-PRT
+for IN B-PP
+lessons NNS B-NP
+. . O
+
+And CC O
+resorts NNS B-NP
+are VBP B-VP
+adding VBG I-VP
+other JJ B-NP
+amenities NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+pricey JJ B-NP
+restaurants NNS I-NP
+, , O
+health NN B-NP
+spas NNS I-NP
+and CC O
+vacation NN B-NP
+packages NNS I-NP
+with IN B-PP
+a DT B-NP
+twist NN I-NP
+. . O
+
+During IN B-PP
+Winter NNP B-NP
+Carnival NNP I-NP
+week NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+visitors NNS B-NP
+at IN B-PP
+Sunday NNP B-NP
+River NNP I-NP
+in IN B-PP
+Maine NNP B-NP
+can MD B-VP
+take VB I-VP
+a DT B-NP
+hot-air JJ I-NP
+balloon NN I-NP
+ride NN I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+these DT B-NP
+days NNS I-NP
+want VBP B-VP
+something NN B-NP
+else RB I-NP
+to TO B-VP
+do VB I-VP
+besides IN B-PP
+ski NN B-VP
+and CC O
+sit VB B-VP
+in IN B-PP
+the DT B-NP
+bar NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Don NNP B-NP
+Borgeson NNP I-NP
+, , O
+executive JJ B-NP
+director NN I-NP
+of IN B-PP
+Angel NNP B-NP
+Fire NNP I-NP
+, , O
+N.M. NNP B-NP
+'s POS B-NP
+Chamber NNP I-NP
+of IN B-PP
+Commerce NNP B-NP
+. . O
+
+The DT B-NP
+ski NN I-NP
+industry NN I-NP
+hopes VBZ B-VP
+to TO I-VP
+increase VB I-VP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+skiers NNS B-NP
+by IN B-PP
+3.5 CD B-NP
+million CD I-NP
+to TO B-PP
+about IN B-NP
+21.7 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+five CD I-NP
+years NNS I-NP
+with IN B-PP
+its PRP$ B-NP
+latest JJS I-NP
+ads NNS I-NP
+and CC I-NP
+promotions NNS I-NP
+. . O
+
+But CC O
+some DT B-NP
+think NN B-VP
+that WDT B-NP
+'s VBZ B-VP
+being VBG B-VP
+overly RB B-ADJP
+optimistic JJ I-ADJP
+. . O
+
+For IN B-PP
+one CD B-NP
+thing NN I-NP
+, , O
+it PRP B-NP
+may MD B-VP
+be VB I-VP
+tough JJ B-ADJP
+to TO B-VP
+attract VB I-VP
+people NNS B-NP
+because IN B-SBAR
+skiing NN B-NP
+is VBZ B-VP
+still RB B-ADVP
+expensive JJ B-ADJP
+: : O
+a DT B-NP
+lift NN I-NP
+ticket NN I-NP
+can MD B-VP
+cost VB I-VP
+up IN B-NP
+to TO I-NP
+$ $ I-NP
+35 CD I-NP
+a DT B-NP
+day NN I-NP
+and CC O
+equipment NN B-NP
+prices NNS I-NP
+are VBP B-VP
+rising VBG I-VP
+. . O
+
+And CC O
+most RBS B-NP
+vacationers NNS I-NP
+still RB B-ADVP
+prefer VBP B-VP
+a DT B-NP
+warm JJ I-NP
+climate NN I-NP
+for IN B-PP
+their PRP$ B-NP
+winter NN I-NP
+excursions NNS I-NP
+. . O
+
+An DT B-NP
+American NNP I-NP
+Express NNP I-NP
+Co. NNP I-NP
+survey NN I-NP
+of IN B-PP
+its PRP$ B-NP
+travel NN I-NP
+agents NNS I-NP
+revealed VBD B-VP
+that IN B-SBAR
+only RB B-NP
+34 CD I-NP
+% NN I-NP
+believe VBP B-VP
+their PRP$ B-NP
+clients NNS I-NP
+will MD B-VP
+pick VB I-VP
+a DT B-NP
+trip NN I-NP
+this DT B-NP
+winter NN I-NP
+based VBN B-PP
+on IN B-PP
+the DT B-NP
+availability NN I-NP
+of IN B-PP
+winter NN B-NP
+sports NNS I-NP
+, , O
+as IN B-SBAR
+opposed VBN B-VP
+to TO B-PP
+69 CD B-NP
+% NN I-NP
+who WP B-NP
+think VBP B-VP
+that IN B-SBAR
+warm-weather JJ B-NP
+sports NNS I-NP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+deciding VBG I-NP
+factor NN I-NP
+. . O
+
+`` `` O
+Even RB B-SBAR
+if IN I-SBAR
+they PRP B-NP
+could MD B-VP
+bring VB I-VP
+in IN B-ADVP
+that DT B-NP
+many JJ I-NP
+new JJ I-NP
+skiers NNS I-NP
+, , O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+if IN B-SBAR
+-LCB- ( O
+the DT B-NP
+industry NN I-NP
+-RCB- ) O
+could MD B-VP
+handle VB I-VP
+that DT B-NP
+kind NN I-NP
+of IN B-PP
+an DT B-NP
+increase NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+I. NNP B-NP
+William NNP I-NP
+Berry NNP I-NP
+, , O
+editor NN B-NP
+and CC I-NP
+publisher NN I-NP
+of IN B-PP
+the DT B-NP
+Ski NNP I-NP
+Industry NNP I-NP
+Letter NNP I-NP
+in IN B-PP
+Katonah NNP B-NP
+, , O
+N.Y NNP B-NP
+. . O
+
+`` `` O
+Most JJS B-NP
+people NNS I-NP
+will MD B-VP
+come VB I-VP
+on IN B-PP
+the DT B-NP
+weekend NN I-NP
+, , O
+the DT B-NP
+slopes NNS I-NP
+will MD B-VP
+be VB I-VP
+overcrowded JJ B-ADJP
+and CC O
+then RB B-ADVP
+these DT B-NP
+-LCB- ( I-NP
+new JJ I-NP
+skiers NNS I-NP
+-RCB- ) O
+wo MD B-VP
+n't RB I-VP
+come VB I-VP
+back RB B-ADVP
+. . O
+
+They PRP B-NP
+did VBD B-VP
+n't RB I-VP
+play VB I-VP
+the DT B-NP
+third JJ I-NP
+game NN I-NP
+of IN B-PP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+on IN B-PP
+Tuesday NNP B-NP
+night NN I-NP
+as IN B-SBAR
+scheduled VBN B-VP
+, , O
+and CC O
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+play VB I-VP
+it PRP B-NP
+on IN B-PP
+Wednesday NNP B-NP
+or CC I-NP
+Thursday NNP I-NP
+either RB B-ADVP
+. . O
+
+But CC O
+you PRP B-NP
+knew VBD B-VP
+that IN B-NP
+, , O
+did VBD O
+n't RB O
+you PRP B-NP
+? . O
+
+They PRP B-NP
+are VBP B-VP
+supposed VBN I-VP
+to TO I-VP
+play VB I-VP
+the DT B-NP
+game NN I-NP
+next JJ B-NP
+Tuesday NNP I-NP
+, , O
+in IN B-PP
+Candlestick NNP B-NP
+Park NNP I-NP
+here RB B-ADVP
+. . O
+
+The DT B-NP
+theory NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+stadium NN I-NP
+, , O
+damaged VBN B-VP
+by IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+, , O
+will MD B-VP
+be VB I-VP
+repaired VBN I-VP
+by IN B-PP
+then RB B-ADVP
+, , O
+and CC O
+that IN B-SBAR
+people NNS B-NP
+will MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+get VB I-VP
+there RB B-ADVP
+. . O
+
+Like IN B-PP
+just RB B-ADVP
+about IN I-ADVP
+everything NN B-NP
+else RB I-NP
+, , O
+that WDT B-NP
+remains VBZ B-VP
+to TO I-VP
+be VB I-VP
+seen VBN I-VP
+. . O
+
+Aftershocks NNS B-NP
+could MD B-VP
+intervene VB I-VP
+. . O
+
+But CC O
+, , O
+at IN B-PP
+least JJS B-ADJP
+, , O
+the DT B-NP
+law NN I-NP
+of IN B-PP
+averages NNS B-NP
+should MD B-VP
+have VB I-VP
+swung VBN I-VP
+to TO B-PP
+the DT B-NP
+favorable JJ I-NP
+side NN I-NP
+. . O
+
+It PRP B-NP
+may MD B-VP
+seem VB I-VP
+trivial JJ B-ADJP
+to TO B-VP
+worry VB I-VP
+about IN B-PP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+amid IN B-PP
+the DT B-NP
+destruction NN I-NP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+wrought VBN B-VP
+by IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+quake NN I-NP
+, , O
+but CC O
+the DT B-NP
+name NN I-NP
+of IN B-PP
+this DT B-NP
+column NN I-NP
+is VBZ B-VP
+`` `` O
+On IN B-PP
+Sports NNPS B-NP
+, , O
+'' '' O
+so IN O
+I PRP B-NP
+feel VBP B-VP
+obliged VBN B-ADJP
+to TO B-VP
+do VB I-VP
+so RB B-ADVP
+. . O
+
+You PRP B-NP
+might MD B-VP
+be VB I-VP
+interested JJ B-ADJP
+to TO B-VP
+know VB I-VP
+that DT O
+baseball NN B-NP
+, , I-NP
+not RB I-NP
+survival NN I-NP
+, , O
+appeared VBD B-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+first JJ I-NP
+thought VBD I-NP
+of IN B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+crowd NN I-NP
+of IN B-PP
+60,000-odd JJ B-NP
+that WDT B-NP
+had VBD B-VP
+gathered VBN I-VP
+at IN B-PP
+Candlestick NNP B-NP
+at IN B-PP
+5:04 CD B-NP
+p.m. NN I-NP
+Tuesday NNP B-NP
+, , O
+a DT B-NP
+half-hour NN I-NP
+before IN B-PP
+game NN B-NP
+time NN I-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+quake NN I-NP
+struck VBD B-VP
+. . O
+
+As RB B-ADVP
+soon RB I-ADVP
+as IN B-SBAR
+the DT B-NP
+tremor NN I-NP
+passed VBN B-VP
+, , O
+many JJ B-NP
+people NNS I-NP
+spontaneously RB B-ADVP
+arose VBD B-VP
+and CC I-VP
+cheered VBD I-VP
+, , O
+as IN B-SBAR
+though IN I-SBAR
+it PRP B-NP
+had VBD B-VP
+been VBN I-VP
+a DT B-NP
+novel NN I-NP
+kind NN I-NP
+of IN B-PP
+pre-game JJ B-NP
+show NN I-NP
+. . O
+
+One CD B-NP
+fan NN I-NP
+, , O
+seated VBN B-VP
+several JJ B-NP
+rows NNS I-NP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+the DT B-NP
+open NN I-NP
+, , I-NP
+upper-deck JJ I-NP
+auxiliary JJ I-NP
+press NN I-NP
+section NN I-NP
+where WRB B-ADVP
+I PRP B-NP
+was VBD B-VP
+stationed VBN I-VP
+, , O
+faced VBD B-VP
+the DT B-NP
+assembled VBN I-NP
+newsies NNS I-NP
+and CC O
+laughingly RB B-VP
+shouted VBD I-VP
+, , O
+`` `` O
+We PRP B-NP
+arranged VBD B-VP
+that IN B-NP
+just RB B-ADVP
+for IN B-PP
+you PRP B-NP
+guys NNS I-NP
+! . O
+'' '' O
+
+I PRP B-NP
+thought VBD B-VP
+and CC O
+, , O
+I PRP B-NP
+'m VBP B-VP
+sure JJ B-ADJP
+, , O
+others NNS B-NP
+did VBD B-VP
+: : O
+`` `` O
+You PRP B-NP
+should MD B-VP
+n't RB I-VP
+have VB I-VP
+bothered VBN I-VP
+. . O
+'' '' O
+
+I PRP B-NP
+'d MD B-VP
+slept VBD I-VP
+through IN B-PP
+my PRP$ B-NP
+only RB I-NP
+previous JJ I-NP
+brush NN I-NP
+with IN B-PP
+natural JJ B-NP
+disaster NN I-NP
+, , O
+a DT B-NP
+tornado NN I-NP
+15 CD B-NP
+or CC I-NP
+so RB I-NP
+summers NNS I-NP
+ago RB B-ADVP
+near IN B-PP
+Traverse NNP B-NP
+City NNP I-NP
+, , O
+Mich. NNP B-NP
+, , O
+so IN O
+I PRP B-NP
+was VBD B-VP
+unprepared JJ B-ADJP
+for IN B-PP
+one CD B-NP
+reaction NN I-NP
+to TO B-PP
+such JJ B-NP
+things NNS I-NP
+: : O
+the DT B-NP
+urge NN I-NP
+to TO B-VP
+talk VB I-VP
+about IN B-PP
+them PRP B-NP
+. . O
+
+Perhaps RB B-ADVP
+primed VBN B-VP
+by IN B-PP
+the DT B-NP
+daily JJ I-NP
+diet NN I-NP
+of IN B-PP
+radio NN B-NP
+and CC I-NP
+TV NN I-NP
+reporters NNS I-NP
+thrusting VBG B-VP
+microphones NNS B-NP
+into IN B-PP
+people NNS B-NP
+'s POS B-NP
+faces VBZ I-NP
+and CC O
+asking VBG B-VP
+how WRB B-ADVP
+they PRP B-NP
+`` `` B-VP
+feel VB I-VP
+'' '' O
+about IN B-PP
+one CD B-NP
+calamity NN I-NP
+or CC O
+another DT B-NP
+, , O
+fellow NN B-NP
+reporters NNS I-NP
+and CC O
+civilians NNS B-NP
+who WP B-NP
+spied VBD B-VP
+my PRP$ B-NP
+press NN I-NP
+credential NN I-NP
+were VBD B-VP
+eager JJ B-ADJP
+to TO B-VP
+chat VB I-VP
+. . O
+
+`` `` O
+It PRP B-NP
+felt VBD B-VP
+like IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+on IN B-PP
+a DT B-NP
+station NN I-NP
+platform NN I-NP
+and CC O
+a DT B-NP
+train NN I-NP
+went VBN B-VP
+by IN B-ADVP
+, , O
+'' '' O
+said VBD B-VP
+one CD B-NP
+man NN I-NP
+, , O
+describing VBG B-VP
+my PRP$ B-NP
+own JJ I-NP
+reaction NN I-NP
+. . O
+
+A DT B-NP
+women NNS I-NP
+said VBD B-VP
+she PRP B-NP
+saw VBD B-VP
+the DT B-NP
+park NN I-NP
+'s POS B-NP
+light NN I-NP
+standards NNS I-NP
+sway VBP B-VP
+. . O
+
+A DT B-NP
+man NN I-NP
+said VBD B-VP
+he PRP B-NP
+saw VBD B-VP
+the DT B-NP
+upper JJ I-NP
+rim NN I-NP
+undulate VB B-VP
+. . O
+
+I PRP B-NP
+saw VBD B-VP
+neither DT B-NP
+. . O
+
+Dictates NNS B-NP
+of IN B-PP
+good JJ B-NP
+sense NN I-NP
+to TO B-PP
+the DT B-NP
+contrary JJ I-NP
+not RB B-ADVP
+withstanding VBG I-ADVP
+, , O
+the DT B-NP
+general JJ I-NP
+inclination NN I-NP
+was VBD B-VP
+to TO B-VP
+believe VB I-VP
+that IN B-SBAR
+the DT B-NP
+disturbance NN I-NP
+would MD B-VP
+be VB I-VP
+brief JJ B-ADJP
+and CC O
+that DT O
+ball NN B-NP
+would MD B-VP
+be VB I-VP
+played VBN I-VP
+. . O
+
+`` `` O
+I PRP B-NP
+was VBD B-VP
+near IN B-PP
+the DT B-NP
+top NN I-NP
+of IN B-PP
+the DT B-NP
+stadium NN I-NP
+, , O
+and CC O
+saw VBD B-VP
+a DT B-NP
+steel NN I-NP
+girder NN I-NP
+bow NN B-VP
+six CD B-NP
+feet NNS I-NP
+from IN B-PP
+where WRB B-ADVP
+I PRP B-NP
+sat VBD B-VP
+, , O
+but CC O
+I PRP B-NP
+stayed VBD B-VP
+put VBN O
+for IN B-PP
+10 CD B-NP
+or CC I-NP
+15 CD I-NP
+minutes NNS I-NP
+, , O
+'' '' O
+confessed VBD B-VP
+a DT B-NP
+friend NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+guess VBP B-VP
+I PRP B-NP
+thought VBD B-VP
+, , O
+` `` O
+This DT B-NP
+is VBZ B-VP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+and CC O
+I PRP B-NP
+'m VBP B-VP
+not RB I-VP
+gon VBG I-VP
+na TO I-VP
+wimp VB I-VP
+out IN B-PRT
+! . O
+' '' O
+'' '' O
+
+Here RB B-ADVP
+in IN B-PP
+the DT B-NP
+Global NNP I-NP
+Village NNP I-NP
+, , O
+though RB B-ADVP
+, , O
+folks NNS B-NP
+do VBP B-VP
+not RB I-VP
+stay VB I-VP
+uninformed JJ B-ADJP
+for IN B-PP
+long JJ B-ADVP
+. . O
+
+Electrical JJ B-NP
+power NN I-NP
+was VBD B-VP
+out IN B-ADJP
+in IN B-PP
+still-daylighted JJ B-NP
+Candlestick NNP I-NP
+Park NNP I-NP
+, , O
+but CC O
+battery-operated JJ B-NP
+radios NNS I-NP
+and CC I-NP
+television NN I-NP
+sets NNS I-NP
+were VBD B-VP
+plentiful JJ B-ADJP
+. . O
+
+Within IN B-PP
+a DT B-NP
+few JJ I-NP
+minutes NNS I-NP
+, , O
+the DT B-NP
+true JJ I-NP
+extent NN I-NP
+of IN B-PP
+the DT B-NP
+catastrophe NN I-NP
+was VBD B-VP
+becoming VBG I-VP
+clear JJ B-ADJP
+. . O
+
+Its PRP$ B-NP
+Richter NNP I-NP
+Scale NNP I-NP
+measurement NN I-NP
+was VBD B-VP
+reported VBN I-VP
+as IN B-PP
+6.5 CD B-NP
+, , O
+then RB B-ADVP
+6.9 CD B-NP
+, , O
+then RB B-ADVP
+7.0 CD B-NP
+. . O
+
+A DT B-NP
+section NN I-NP
+of IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+had VBD B-VP
+collapsed VBN I-VP
+, , O
+as IN B-SBAR
+had VBN O
+a DT B-NP
+part NN I-NP
+of IN B-PP
+Interstate NNP B-NP
+Highway NNP I-NP
+880 CD I-NP
+in IN B-PP
+Oakland NNP B-NP
+. . O
+
+People NNS B-NP
+had VBD B-VP
+died VBN I-VP
+. . O
+
+At IN B-PP
+5:40 CD B-NP
+p.m. NN I-NP
+, , O
+scheduled VBN B-NP
+game NN I-NP
+time NN I-NP
+having VBG B-VP
+passed VBN I-VP
+, , O
+some DT B-NP
+fans NNS I-NP
+chanted VBD B-VP
+`` `` O
+Let VB B-VP
+'s POS B-NP
+Play NNP B-VP
+Ball NNP B-NP
+. . O
+'' '' O
+
+No RB B-ADVP
+longer RB I-ADVP
+innocent JJ B-ADJP
+, , O
+they PRP B-NP
+qualified VBD B-VP
+as IN B-PP
+fools NNS B-NP
+. . O
+
+The DT B-NP
+stadium NN I-NP
+was VBD B-VP
+ordered VBN I-VP
+evacuated VBN I-VP
+soon RB B-ADVP
+afterward RB I-ADVP
+; : O
+the DT B-NP
+announcement NN I-NP
+, , O
+made VBN B-VP
+over IN B-PP
+police NN B-NP
+bullhorns NNS I-NP
+, , O
+cited VBD B-VP
+the DT B-NP
+power NN I-NP
+outage NN I-NP
+, , O
+but CC O
+it PRP B-NP
+later RB B-ADVP
+was VBD B-VP
+revealed VBN I-VP
+that IN B-SBAR
+there EX B-NP
+also RB B-ADVP
+had VBD B-VP
+been VBN I-VP
+damage NN B-NP
+of IN B-PP
+the DT B-NP
+sort NN I-NP
+reported VBN B-VP
+by IN B-PP
+my PRP$ B-NP
+friend NN I-NP
+. . O
+
+Outside IN B-ADVP
+, , O
+I PRP B-NP
+spotted VBD B-VP
+two CD B-NP
+young JJ I-NP
+men NNS I-NP
+lugging VBG B-VP
+blocks NNS B-NP
+of IN B-PP
+concrete NN B-NP
+. . O
+
+`` `` O
+Pieces NNP B-NP
+of IN B-PP
+Candlestick NNP B-NP
+, , O
+'' '' O
+they PRP B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+crowd NN I-NP
+remained VBD B-VP
+good JJ B-ADJP
+natured JJ I-ADJP
+, , O
+even RB B-ADJP
+bemused JJ I-ADJP
+. . O
+
+TV NN B-NP
+reporters NNS I-NP
+interviewed VBD B-VP
+fans NNS B-NP
+in IN B-PP
+the DT B-NP
+parking NN I-NP
+lots NNS I-NP
+while IN O
+, , O
+a DT B-NP
+few JJ I-NP
+feet NNS I-NP
+away RB B-ADVP
+, , O
+others NNS B-NP
+watched VBD B-VP
+the DT B-NP
+interviews NNS I-NP
+on IN B-PP
+their PRP$ B-NP
+portable JJ I-NP
+TVs NNS I-NP
+. . O
+
+The DT B-NP
+only JJ I-NP
+frenzy NN I-NP
+I PRP B-NP
+saw VBD B-VP
+was VBD B-VP
+commercial JJ B-ADJP
+: : O
+Booths NNS B-NP
+selling VBG B-VP
+World NNP B-NP
+Series NNP I-NP
+commemorative JJ I-NP
+stamps NNS I-NP
+and CC I-NP
+dated VBN I-NP
+postmarks NNS I-NP
+were VBD B-VP
+besieged VBN I-VP
+by IN B-PP
+fledgling NN B-NP
+speculators NNS I-NP
+who WP B-NP
+saw VBD B-VP
+future NN B-NP
+profit NN I-NP
+in IN B-PP
+the DT B-NP
+items NNS I-NP
+. . O
+
+The DT B-NP
+traffic NN I-NP
+jam NN I-NP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+park NN I-NP
+was VBD B-VP
+monumental JJ B-ADJP
+. . O
+
+It PRP B-NP
+took VBD B-VP
+me PRP B-NP
+a DT B-NP
+half-hour NN I-NP
+to TO B-VP
+move VB I-VP
+10 CD B-NP
+feet NNS I-NP
+from IN B-PP
+my PRP$ B-NP
+parking NN I-NP
+spot NN I-NP
+in IN B-PP
+an DT B-NP
+outer JJ I-NP
+lot NN I-NP
+to TO B-PP
+an DT B-NP
+aisle NN I-NP
+, , O
+and CC O
+an DT B-NP
+additional JJ I-NP
+hour NN I-NP
+to TO B-VP
+reach VB I-VP
+an DT B-NP
+inner JJ I-NP
+roadway NN I-NP
+a DT B-NP
+half-block NN I-NP
+away RB B-ADVP
+. . O
+
+The DT B-NP
+six-mile JJ I-NP
+trip NN I-NP
+to TO B-PP
+my PRP$ B-NP
+airport NN I-NP
+hotel NN I-NP
+that WDT B-NP
+had VBD B-VP
+taken VBN I-VP
+20 CD B-NP
+minutes NNS I-NP
+earlier RBR B-ADVP
+in IN B-PP
+the DT B-NP
+day NN I-NP
+took VBD B-VP
+more JJR B-NP
+than IN I-NP
+three CD I-NP
+hours NNS I-NP
+. . O
+
+At IN B-PP
+my PRP$ B-NP
+hotel NN I-NP
+, , O
+the DT B-NP
+Westin NNP I-NP
+, , O
+power NN B-NP
+was VBD B-VP
+out IN B-ADJP
+, , O
+some DT B-NP
+interior JJ I-NP
+plaster NN I-NP
+had VBD B-VP
+broken VBN I-VP
+loose JJ B-ADJP
+and CC O
+there EX B-NP
+had VBD B-VP
+been VBN I-VP
+water NN B-NP
+damage NN I-NP
+, , O
+but CC O
+little JJ B-NP
+else RB I-NP
+. . O
+
+With IN B-PP
+Garpian JJ B-NP
+randomness NN I-NP
+, , O
+a DT B-NP
+hotel NN I-NP
+across IN B-PP
+the DT B-NP
+street NN I-NP
+, , O
+the DT B-NP
+Amfac NNP I-NP
+, , O
+had VBD B-VP
+been VBN I-VP
+hit VBN I-VP
+harder JJR B-ADVP
+: : O
+A DT B-NP
+large JJ I-NP
+sheet NN I-NP
+of IN B-PP
+its PRP$ B-NP
+concrete JJ I-NP
+facade NN I-NP
+and CC O
+several JJ B-NP
+window NN I-NP
+balconies NNS I-NP
+were VBD B-VP
+torn VBN I-VP
+away RB B-ADVP
+. . O
+
+The DT B-NP
+Westin NNP I-NP
+staff NN I-NP
+had VBD B-VP
+, , O
+kindly RB B-ADVP
+, , O
+set VBN B-VP
+out RP B-PRT
+lighted VBN B-NP
+candles NNS I-NP
+in IN B-PP
+the DT B-NP
+ballroom NN I-NP
+, , O
+prepared VBD B-VP
+a DT B-NP
+cold-cuts NNS B-NP
+buffet VBP I-NP
+and CC O
+passed VBN B-VP
+around IN B-PRT
+pillows NNS B-NP
+and CC I-NP
+blankets NNS I-NP
+. . O
+
+I PRP B-NP
+fell VBD B-VP
+asleep RB B-ADJP
+on IN B-PP
+the DT B-NP
+lobby NN I-NP
+floor NN I-NP
+, , O
+next JJ B-ADVP
+to TO B-PP
+a DT B-NP
+man NN I-NP
+wearing VBG B-VP
+a DT B-NP
+Chicago NNP I-NP
+Cubs NNPS I-NP
+jacket NN I-NP
+. . O
+
+I PRP B-NP
+expected VBD B-VP
+him PRP B-NP
+to TO B-VP
+say VB I-VP
+, , O
+`` `` O
+I PRP B-NP
+told VBD B-VP
+you PRP B-NP
+so RB B-ADVP
+, , O
+'' '' O
+but CC O
+he PRP B-NP
+already RB B-ADVP
+was VBD B-VP
+snoring VBG I-VP
+. . O
+
+The DT B-NP
+journalistic JJ I-NP
+consensus NN I-NP
+was VBD B-VP
+that IN B-SBAR
+the DT B-NP
+earthquake NN I-NP
+made VBD B-VP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+seem VB B-VP
+unimportant JJ B-ADJP
+. . O
+
+My PRP$ B-NP
+response NN I-NP
+was VBD B-VP
+that IN B-SBAR
+sports NNS B-NP
+rarely RB B-ADVP
+are VBP B-VP
+important JJ B-ADJP
+, , B-ADJP
+only RB I-ADJP
+diverting VBG B-ADJP
+, , O
+and CC O
+the DT B-NP
+quake NN I-NP
+merely RB B-ADVP
+highlighted VBD B-VP
+that DT B-NP
+fact NN I-NP
+. . O
+
+Should MD O
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+Series NNP I-NP
+be VB B-VP
+played VBN I-VP
+at IN B-ADVP
+all DT I-ADVP
+? . O
+
+Sure RB B-INTJ
+. . O
+
+The DT B-NP
+quake NN I-NP
+and CC I-NP
+baseball NN I-NP
+were VBD B-VP
+n't RB I-VP
+related VBN I-VP
+, , O
+unlike IN B-PP
+the DT B-NP
+massacre NN I-NP
+of IN B-PP
+athletes NNS B-NP
+that WDT B-NP
+attended VBD B-VP
+the DT B-NP
+1972 CD I-NP
+Olympics NNPS I-NP
+. . O
+
+That DT B-NP
+heavily RB I-NP
+politicized VBN I-NP
+event NN I-NP
+learned VBD B-VP
+nothing NN B-NP
+from IN B-PP
+the DT B-NP
+horrifying JJ I-NP
+experience NN I-NP
+, , O
+and CC O
+seems VBZ B-VP
+doomed VBN B-ADJP
+to TO B-VP
+repeat VB I-VP
+it PRP B-NP
+. . O
+
+Two CD B-NP
+ironies NNS I-NP
+intrude VBP B-VP
+. . O
+
+This DT B-NP
+has VBZ B-VP
+been VBN I-VP
+widely RB I-VP
+dubbed VBN I-VP
+the DT B-NP
+BART NNP I-NP
+Series NNP I-NP
+, , O
+after IN B-PP
+the DT B-NP
+local JJ I-NP
+subway NN I-NP
+line NN I-NP
+, , O
+and CC O
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+Series NNP I-NP
+. . O
+
+Flags NNS B-NP
+fly VBP B-VP
+at IN B-PP
+half-staff JJ B-NP
+for IN B-PP
+the DT B-NP
+death NN I-NP
+of IN B-PP
+Bart NNP B-NP
+Giamatti NNP I-NP
+, , O
+the DT B-NP
+late JJ I-NP
+baseball NN I-NP
+commissioner NN I-NP
+, , O
+and CC O
+now RB B-ADVP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+lies VBZ B-VP
+in IN B-PP
+ruins NNS B-NP
+. . O
+
+A DT B-NP
+Series NNP I-NP
+that WDT B-NP
+was VBD B-VP
+shaping VBG I-VP
+up IN B-PRT
+as IN B-PP
+the DT B-NP
+dullest JJS I-NP
+since IN B-PP
+the DT B-NP
+one-sided JJ I-NP
+Detroit-over-San JJ I-NP
+Diego NNP I-NP
+go VB I-NP
+of IN B-PP
+1984 CD B-NP
+has VBZ B-VP
+become VBN I-VP
+memorable JJ B-ADJP
+in IN B-PP
+the DT B-NP
+least JJS I-NP
+fortunate JJ I-NP
+way NN I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+its PRP$ B-NP
+edge NN I-NP
+is VBZ B-VP
+lost VBN I-VP
+. . O
+
+It PRP B-NP
+now RB B-ADVP
+will MD B-VP
+be VB I-VP
+played VBN I-VP
+mostly RB B-ADVP
+for IN B-PP
+the DT B-NP
+record NN I-NP
+, , O
+and CC O
+should MD B-VP
+be VB I-VP
+wrapped VBN I-VP
+up IN B-PRT
+as RB B-ADVP
+quickly RB I-ADVP
+as IN B-PP
+possible JJ B-ADJP
+, , O
+without IN B-PP
+`` `` B-NP
+off IN I-NP
+'' '' I-NP
+days NNS I-NP
+. . O
+
+And CC O
+I PRP B-NP
+will MD B-VP
+never RB I-VP
+again RB I-VP
+complain VB I-VP
+about IN B-PP
+a DT B-NP
+rainout NN I-NP
+. . O
+
+The DT B-NP
+disarray NN I-NP
+in IN B-PP
+the DT B-NP
+junk-bond NN I-NP
+market NN I-NP
+that WDT B-NP
+began VBD B-VP
+last JJ B-NP
+month NN I-NP
+with IN B-PP
+a DT B-NP
+credit NN I-NP
+crunch NN I-NP
+at IN B-PP
+Campeau NNP B-NP
+Corp. NNP I-NP
+has VBZ B-VP
+offered VBN I-VP
+commercial JJ B-NP
+banks NNS I-NP
+a DT B-NP
+golden JJ I-NP
+opportunity NN I-NP
+to TO B-VP
+play VB I-VP
+a DT B-NP
+greater JJR I-NP
+role NN I-NP
+in IN B-PP
+financing VBG B-VP
+billion-dollar JJ B-NP
+takeovers NNS I-NP
+. . O
+
+But CC O
+two CD B-NP
+big JJ I-NP
+New NNP I-NP
+York NNP I-NP
+banks NNS I-NP
+seem VBP B-VP
+to TO I-VP
+have VB I-VP
+kicked VBN I-VP
+those DT B-NP
+chances NNS I-NP
+away RB B-ADVP
+, , O
+for IN B-PP
+the DT B-NP
+moment NN I-NP
+, , O
+with IN B-PP
+the DT B-NP
+embarrassing JJ I-NP
+failure NN I-NP
+of IN B-PP
+Citicorp NNP B-NP
+and CC O
+Chase NNP B-NP
+Manhattan NNP I-NP
+Corp. NNP I-NP
+to TO B-VP
+deliver VB I-VP
+$ $ B-NP
+7.2 CD I-NP
+billion CD I-NP
+in IN B-PP
+bank NN B-NP
+financing NN I-NP
+for IN B-PP
+a DT B-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+of IN B-PP
+United NNP B-NP
+Airlines NNPS I-NP
+parent NN I-NP
+UAL NNP I-NP
+Corp NNP I-NP
+. . O
+
+For IN B-PP
+more JJR B-NP
+than IN I-NP
+a DT I-NP
+decade NN I-NP
+, , O
+banks NNS B-NP
+have VBP B-VP
+been VBN I-VP
+pressing VBG I-VP
+Congress NNP B-NP
+and CC O
+banking NN B-NP
+regulators NNS I-NP
+for IN B-PP
+expanded VBN B-NP
+powers NNS I-NP
+to TO B-VP
+act VB I-VP
+like IN B-PP
+securities NNS B-NP
+firms NNS I-NP
+in IN B-PP
+playing VBG B-VP
+Wall NNP B-NP
+Street NNP I-NP
+'s POS B-NP
+lucrative JJ I-NP
+takeover NN I-NP
+game NN I-NP
+, , O
+from IN B-PP
+giving VBG B-VP
+mergers NNS B-NP
+advice NN B-NP
+all PDT B-NP
+the DT I-NP
+way NN I-NP
+to TO B-PP
+selling VBG B-VP
+and CC I-VP
+trading NN I-VP
+high-yield JJ B-NP
+junk NN I-NP
+bonds NNS I-NP
+. . O
+
+Those DT B-NP
+expanded VBN I-NP
+powers NNS I-NP
+reached VBD B-VP
+their PRP$ B-NP
+zenith NN I-NP
+in IN B-PP
+July NNP B-NP
+when WRB B-ADVP
+Bankers NNP B-NP
+Trust NNP I-NP
+New NNP I-NP
+York NNP I-NP
+Corp. NNP I-NP
+provided VBD B-VP
+mergers NNS B-NP
+advice NN I-NP
+, , O
+an DT B-NP
+equity NN I-NP
+investment NN I-NP
+and CC O
+bank NN B-NP
+loans NNS I-NP
+for IN B-PP
+the DT B-NP
+$ $ I-NP
+3.65 CD I-NP
+billion CD I-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+of IN B-PP
+Northwest NNP B-NP
+Airlines NNPS I-NP
+parent NN I-NP
+NWA NNP I-NP
+Inc NNP I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+major JJ I-NP
+selling NN I-NP
+points NNS I-NP
+used VBN B-VP
+by IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+financier NN I-NP
+Alfred NNP I-NP
+Checchi NNP I-NP
+in IN B-PP
+getting VBG B-VP
+the DT B-NP
+takeover NN I-NP
+approved VBD B-VP
+was VBD B-VP
+that IN B-SBAR
+the DT B-NP
+deal NN I-NP
+did VBD B-VP
+n't RB I-VP
+include VB I-VP
+any DT B-NP
+junk NN I-NP
+bonds NNS I-NP
+. . O
+
+That DT B-NP
+was VBD B-VP
+seen VBN I-VP
+as IN B-PP
+an DT B-NP
+advantage NN I-NP
+in IN B-PP
+lobbying VBG B-VP
+airline NN B-NP
+employees NNS I-NP
+and CC O
+Washington NNP B-NP
+regulators NNS I-NP
+for IN B-PP
+approval NN B-NP
+of IN B-PP
+the DT B-NP
+contested VBN I-NP
+takeover NN I-NP
+. . O
+
+All DT B-NP
+$ $ I-NP
+3.35 CD I-NP
+billion CD I-NP
+in IN B-PP
+debt NN B-NP
+for IN B-PP
+the DT B-NP
+deal NN I-NP
+was VBD B-VP
+supplied VBN I-VP
+by IN B-PP
+banks NNS B-NP
+. . O
+
+Charles NNP B-NP
+Nathan NNP I-NP
+, , O
+co-head NN B-NP
+of IN B-PP
+mergers NNS B-NP
+and CC I-NP
+acquisitions NNS I-NP
+at IN B-PP
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc. NNP I-NP
+, , O
+says VBZ B-VP
+it PRP B-NP
+is VBZ B-VP
+natural JJ B-ADJP
+for IN B-SBAR
+banks NNS B-NP
+to TO B-VP
+try VB I-VP
+to TO I-VP
+expand VB I-VP
+beyond IN B-PP
+their PRP$ B-NP
+bread-and-butter JJ I-NP
+business NN I-NP
+of IN B-PP
+providing VBG B-VP
+senior JJ B-NP
+debt NN I-NP
+for IN B-PP
+buy-outs NNS B-NP
+. . O
+
+But CC O
+the DT B-NP
+UAL NNP I-NP
+collapse NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+may MD B-VP
+tell VB I-VP
+you PRP B-NP
+it PRP B-NP
+'s VBZ B-VP
+not RB I-VP
+going VBG I-VP
+to TO I-VP
+work VB I-VP
+that IN B-ADVP
+easily RB I-ADVP
+. . O
+'' '' O
+
+David NNP B-NP
+Batchelder NNP I-NP
+, , O
+a DT B-NP
+mergers NNS I-NP
+adviser NN I-NP
+in IN B-PP
+La NNP B-NP
+Jolla NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+who WP B-NP
+aided VBD B-VP
+Los NNP B-NP
+Angeles NNP I-NP
+investor NN I-NP
+Marvin NNP I-NP
+Davis NNP I-NP
+on IN B-PP
+the DT B-NP
+bids NNS I-NP
+which WDT B-NP
+put VBP B-VP
+both DT B-NP
+UAL NNP I-NP
+and CC I-NP
+NWA NNP I-NP
+in IN B-PP
+play NN B-NP
+as IN B-PP
+takeover NN B-NP
+candidates NNS I-NP
+this DT B-NP
+year NN I-NP
+, , O
+says VBZ B-VP
+that IN B-SBAR
+banks NNS B-NP
+have VBP B-VP
+been VBN I-VP
+`` `` O
+preparing VBG B-VP
+to TO I-VP
+play VB I-VP
+a DT B-NP
+larger JJR I-NP
+and CC I-NP
+larger JJR I-NP
+role NN I-NP
+in IN B-PP
+acquisition NN B-NP
+financing NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Batchelder NNP I-NP
+says VBZ B-VP
+that IN B-SBAR
+in IN B-PP
+the DT B-NP
+past NN I-NP
+, , O
+banks NNS B-NP
+would MD B-VP
+normally RB I-VP
+have VB I-VP
+loaned VBN I-VP
+65 CD B-NP
+% NN I-NP
+of IN B-PP
+a DT B-NP
+total JJ I-NP
+buy-out NN I-NP
+price NN I-NP
+, , O
+with IN B-SBAR
+the DT B-NP
+loans NNS I-NP
+secured VBN B-VP
+by IN B-PP
+the DT B-NP
+target NN I-NP
+company NN I-NP
+'s POS B-NP
+assets NNS I-NP
+. . O
+
+Another DT B-NP
+20 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+borrowed VBN I-NP
+funds NNS I-NP
+would MD B-VP
+come VB I-VP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+to TO B-PP
+investors NNS B-NP
+of IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+, , O
+which WDT B-NP
+offer VBP B-VP
+less JJR B-NP
+security NN I-NP
+and CC O
+typically RB B-VP
+carry VB I-VP
+higher JJR B-NP
+yields NNS I-NP
+than IN B-PP
+bank NN B-NP
+loans NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Checchi NNP I-NP
+'s POS B-NP
+purchase NN I-NP
+of IN B-PP
+NWA NNP B-NP
+, , O
+Mr. NNP B-NP
+Batchelder NNP I-NP
+notes VBZ B-VP
+, , O
+`` `` O
+was VBD B-VP
+probably RB B-ADVP
+the DT B-NP
+most RBS I-NP
+aggressive JJ I-NP
+to TO B-PP
+date VB B-NP
+, , O
+'' '' O
+with IN B-PP
+bank NN B-NP
+debt NN I-NP
+at IN B-PP
+85 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+purchase NN I-NP
+price NN I-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Batchelder NNP I-NP
+says VBZ B-VP
+that IN B-SBAR
+Citicorp NNP B-NP
+'s POS B-NP
+`` `` I-NP
+failure NN I-NP
+to TO B-VP
+deliver VB I-VP
+'' '' O
+on IN B-PP
+its PRP$ B-NP
+promise NN I-NP
+to TO B-VP
+raise VB I-VP
+the DT B-NP
+UAL NNP I-NP
+bank NN I-NP
+debt NN I-NP
+for IN B-PP
+a DT B-NP
+labor-management JJ I-NP
+buy-out NN I-NP
+group NN I-NP
+`` `` O
+is VBZ B-VP
+very RB B-ADJP
+distressing JJ I-ADJP
+to TO B-PP
+potential JJ B-NP
+users NNS I-NP
+of IN B-PP
+a DT B-NP
+` `` I-NP
+highly-confident JJ I-NP
+' '' I-NP
+letter NN I-NP
+from IN B-PP
+commercial JJ B-NP
+banks NNS I-NP
+. . O
+'' '' O
+
+His PRP$ B-NP
+client NN I-NP
+, , O
+Mr. NNP B-NP
+Davis NNP I-NP
+, , O
+used VBD B-VP
+just RB B-ADVP
+such JJ B-NP
+a DT I-NP
+letter NN I-NP
+from IN B-PP
+Citicorp NNP B-NP
+in IN B-PP
+pursuing VBG B-VP
+UAL NNP B-NP
+; : O
+Citicorp NNP B-NP
+later RB B-ADVP
+agreed VBD B-VP
+to TO I-VP
+work VB I-VP
+with IN B-PP
+a DT B-NP
+competing VBG I-NP
+UAL NNP I-NP
+buy-out NN I-NP
+group NN I-NP
+. . O
+
+Executives NNS B-NP
+of IN B-PP
+Citicorp NNP B-NP
+and CC O
+Chase NNP B-NP
+Manhattan NNP I-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+either DT I-PP
+the DT B-NP
+UAL NNP I-NP
+situation NN I-NP
+, , B-PP
+or CC I-PP
+on IN B-PP
+the DT B-NP
+changing VBG I-NP
+nature NN I-NP
+of IN B-PP
+banks NNS B-NP
+' POS B-NP
+role NN I-NP
+in IN B-PP
+financing NN B-VP
+takeovers NNS B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+Campeau NNP B-NP
+'s POS B-NP
+problems NNS I-NP
+, , O
+prices VBZ B-NP
+of IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+tumbled VBD B-VP
+, , O
+throwing VBG B-VP
+into IN B-PP
+doubt NN B-NP
+the DT B-NP
+ability NN I-NP
+of IN B-PP
+corporate JJ B-NP
+acquirers NNS I-NP
+to TO B-VP
+finance VB I-VP
+large JJ B-NP
+takeovers NNS I-NP
+with IN B-PP
+the DT B-NP
+help NN I-NP
+of IN B-PP
+junk NN B-NP
+bond NN I-NP
+sales NNS I-NP
+. . O
+
+Mark NNP B-NP
+Solow NNP I-NP
+, , O
+senior JJ B-NP
+managing NN I-NP
+director NN I-NP
+at IN B-PP
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+Trust NNP I-NP
+Co. NNP I-NP
+, , O
+says VBZ B-VP
+the DT B-NP
+falloff NN I-NP
+in IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+may MD B-VP
+yet RB I-VP
+open JJ I-VP
+new JJ B-NP
+business NN I-NP
+opportunities NNS I-NP
+to TO B-PP
+banks NNS B-NP
+in IN B-PP
+structuring VBG B-VP
+takeovers NNS B-NP
+. . O
+
+But CC O
+he PRP B-NP
+warns VBZ B-VP
+that IN B-SBAR
+banks NNS B-NP
+will MD B-VP
+have VB I-VP
+`` `` O
+to TO B-VP
+have VB I-VP
+enough JJ B-NP
+discipline NN I-NP
+'' '' O
+not RB O
+to TO B-VP
+make VB I-VP
+loans NNS B-NP
+that WDT B-NP
+are VBP B-VP
+too RB B-ADJP
+risky JJ I-ADJP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+said VBD B-VP
+in IN B-PP
+its PRP$ B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+report NN I-NP
+that IN B-SBAR
+fees NNS B-NP
+from IN B-PP
+syndicating VBG B-VP
+loans NNS B-NP
+to TO B-PP
+other JJ B-NP
+banks NNS I-NP
+dropped VBD B-VP
+48 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+21 CD I-NP
+million CD I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+did VBD B-VP
+n't RB I-VP
+take VB I-VP
+part NN B-NP
+in IN B-PP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+deals NNS B-NP
+because IN B-SBAR
+their PRP$ B-NP
+credit NN I-NP
+quality NN I-NP
+was VBD B-VP
+poor JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+bank NN I-NP
+spokesman NN I-NP
+. . O
+
+James NNP B-NP
+B. NNP I-NP
+Lee NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+syndications NNS B-NP
+and CC O
+private JJ B-NP
+placements NNS I-NP
+at IN B-PP
+Chemical NNP B-NP
+Banking NNP I-NP
+Corp. NNP I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+believes VBZ B-VP
+banks NNS B-NP
+can MD B-VP
+still RB I-VP
+make VB I-VP
+a DT B-NP
+credible JJ I-NP
+offer NN I-NP
+of IN B-PP
+one-stop JJ B-NP
+shopping NN I-NP
+for IN B-PP
+takeover NN B-NP
+finance NN I-NP
+. . O
+
+As IN B-PP
+evidence NN B-NP
+, , O
+he PRP B-NP
+cites VBZ B-VP
+yesterday NN B-NP
+'s POS B-NP
+arrangement NN I-NP
+for IN B-PP
+the DT B-NP
+final JJ I-NP
+financing NN I-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+3 CD I-NP
+billion CD I-NP
+bid NN I-NP
+for IN B-PP
+American NNP B-NP
+Medical NNP I-NP
+International NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+which WDT B-NP
+Chemical NNP B-NP
+served VBD B-VP
+as IN B-PP
+both DT B-NP
+the DT B-NP
+lead NN I-NP
+bank NN I-NP
+and CC O
+an DT B-NP
+equity NN I-NP
+investor NN I-NP
+. . O
+
+Beyond IN B-PP
+the DT B-NP
+current JJ I-NP
+weakness NN I-NP
+in IN B-PP
+the DT B-NP
+junk NN I-NP
+bond NN I-NP
+market NN I-NP
+, , O
+banks NNS B-NP
+have VBP B-VP
+another DT B-NP
+advantage NN I-NP
+over IN B-PP
+investment NN B-NP
+banks NNS I-NP
+in IN B-PP
+financing NN B-VP
+contested VBD B-NP
+takeovers NNS I-NP
+. . O
+
+Arthur NNP B-NP
+Fleischer NNP I-NP
+Jr. NNP I-NP
+, , O
+a DT B-NP
+takeover NN I-NP
+lawyer NN I-NP
+at IN B-PP
+Fried NNP B-NP
+Frank NNP I-NP
+Harris NNP I-NP
+Shriver NNP I-NP
+& CC I-NP
+Jacobson NNP I-NP
+, , O
+notes VBZ B-VP
+that IN B-SBAR
+`` `` O
+a DT B-NP
+political JJ I-NP
+and CC I-NP
+emotional JJ I-NP
+bias NN I-NP
+'' '' O
+has VBZ B-VP
+developed VBN I-VP
+against IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+. . O
+
+One CD B-NP
+hostile JJ I-NP
+bidder NN I-NP
+who WP B-NP
+deliberately RB B-ADVP
+avoided VBN B-VP
+using VBG I-VP
+junk NN B-NP
+bonds NNS I-NP
+was VBD B-VP
+Paramount NNP B-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+its PRP$ B-NP
+initial JJ I-NP
+offer NN I-NP
+to TO B-VP
+acquire VB I-VP
+Time NNP B-NP
+Inc. NNP I-NP
+for IN B-PP
+$ $ B-NP
+10.7 CD I-NP
+billion CD I-NP
+, , O
+or CC O
+$ $ B-NP
+175 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+A DT B-NP
+Paramount NNP I-NP
+spokesman NN I-NP
+says VBZ B-VP
+that DT B-NP
+decision NN I-NP
+was VBD B-VP
+based VBN I-VP
+on IN B-PP
+the DT B-NP
+financial JJ I-NP
+, , I-NP
+not RB I-NP
+political JJ I-NP
+, , I-NP
+drawbacks NNS I-NP
+of IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+. . O
+
+But CC O
+some DT B-NP
+observers NNS I-NP
+believe VBP B-VP
+Paramount NNP B-NP
+Chairman NNP I-NP
+Martin NNP I-NP
+Davis NNP I-NP
+wanted VBD B-VP
+to TO I-VP
+avoid VB I-VP
+the DT B-NP
+possible JJ I-NP
+taint NN I-NP
+of IN B-PP
+being VBG B-VP
+perceived VBN I-VP
+as IN B-PP
+a DT B-NP
+corporate JJ I-NP
+raider NN I-NP
+in IN B-PP
+his PRP$ B-NP
+controversial JJ I-NP
+bid NN I-NP
+for IN B-PP
+Time NNP B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+end NN I-NP
+, , O
+Mr. NNP B-NP
+Davis NNP I-NP
+used VBD B-VP
+junk NN B-NP
+bonds NNS I-NP
+so RB B-SBAR
+that IN I-SBAR
+he PRP B-NP
+could MD B-VP
+raise VB I-VP
+Paramount NNP B-NP
+'s POS B-NP
+bid NN I-NP
+to TO B-PP
+$ $ B-NP
+200 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Some DT B-NP
+Monday-morning JJ I-NP
+quarterbacks NNS I-NP
+said VBD B-VP
+the DT B-NP
+initial JJ I-NP
+lower JJR I-NP
+bid NN I-NP
+, , O
+without IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+, , O
+was VBD B-VP
+a DT B-NP
+factor NN I-NP
+in IN B-PP
+his PRP$ B-NP
+losing NN B-VP
+the DT B-NP
+company NN I-NP
+. . O
+
+Time NNP B-NP
+eluded VBD B-VP
+Paramount NNP B-NP
+by IN B-PP
+acquiring VBG B-VP
+Warner NNP B-NP
+Communications NNP I-NP
+Inc NNP I-NP
+. . O
+
+The DT B-NP
+success NN I-NP
+of IN B-PP
+the DT B-NP
+NWA NNP I-NP
+financing NN I-NP
+, , O
+and CC O
+the DT B-NP
+failure NN I-NP
+of IN B-PP
+the DT B-NP
+UAL NNP I-NP
+deal NN I-NP
+, , O
+also RB B-ADVP
+seem VB B-VP
+to TO I-VP
+highlight VB I-VP
+the DT B-NP
+important JJ I-NP
+new JJ I-NP
+role NN I-NP
+in IN B-PP
+takeover NN B-NP
+financing NN I-NP
+being VBG B-VP
+played VBN I-VP
+by IN B-PP
+Japanese JJ B-NP
+banks NNS I-NP
+. . O
+
+Japanese JJ B-NP
+banks NNS I-NP
+accounted VBD B-VP
+for IN B-PP
+50 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+NWA NNP I-NP
+bank NN I-NP
+debt NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+report NN I-NP
+by IN B-PP
+Transportation NNP B-NP
+Secretary NNP I-NP
+Samuel NNP I-NP
+Skinner NNP I-NP
+. . O
+
+But CC O
+it PRP B-NP
+was VBD B-VP
+broad-scale JJ B-NP
+rejection NN I-NP
+by IN B-PP
+Japanese JJ B-NP
+banks NNS I-NP
+that WDT B-NP
+helped VBD B-VP
+seal NN I-VP
+the DT B-NP
+fate NN I-NP
+of IN B-PP
+the DT B-NP
+attempt NN I-NP
+to TO B-VP
+buy VB I-VP
+UAL NNP B-NP
+. . O
+
+Citicorp NNP B-NP
+and CC I-NP
+Chase NNP I-NP
+are VBP B-VP
+attempting VBG I-VP
+to TO I-VP
+put VB I-VP
+together RB B-PRT
+a DT B-NP
+new JJ I-NP
+, , I-NP
+lower JJR I-NP
+bid NN I-NP
+. . O
+
+Takanori NNP B-NP
+Mizuno NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+of IN B-PP
+the DT B-NP
+Institute NNP I-NP
+for IN B-PP
+Financial NNP B-NP
+Affairs NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Tokyo NNP I-NP
+research NN I-NP
+center NN I-NP
+on IN B-PP
+finance NN B-NP
+and CC I-NP
+economics NNS I-NP
+, , O
+says VBZ B-VP
+, , O
+`` `` O
+The DT B-NP
+junk NN I-NP
+bond NN I-NP
+market NN I-NP
+became VBD B-VP
+very RB B-ADJP
+jittery JJ I-ADJP
+, , O
+and CC O
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+fear NN I-NP
+of IN B-PP
+a DT B-NP
+coming VBG I-NP
+recession NN I-NP
+and CC O
+the DT B-NP
+possible JJ I-NP
+bankruptcy NN I-NP
+of IN B-PP
+LBO NNP B-NP
+companies NNS I-NP
+. . O
+
+Harley-Davidson NNP B-NP
+Inc. NNP I-NP
+filed VBD B-VP
+suit NN B-NP
+in IN B-PP
+federal JJ B-NP
+court NN I-NP
+here RB B-ADVP
+, , O
+alleging VBG B-VP
+that IN B-SBAR
+a DT B-NP
+group NN I-NP
+that WDT B-NP
+holds VBZ B-VP
+6.2 CD B-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+stock NN I-NP
+made VBN B-VP
+`` `` B-NP
+false JJ I-NP
+, , I-NP
+deceptive JJ I-NP
+and CC I-NP
+misleading JJ I-NP
+'' '' I-NP
+statements NNS I-NP
+in IN B-PP
+recent JJ B-NP
+regulatory JJ I-NP
+filings NNS I-NP
+and CC I-NP
+public JJ I-NP
+announcements NNS I-NP
+. . O
+
+Harley-Davidson NNP B-NP
+'s POS B-NP
+complaint NN I-NP
+claims NNS B-VP
+that IN B-SBAR
+the DT B-NP
+group NN I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+investor NN B-NP
+Malcolm NNP I-NP
+I. NNP I-NP
+Glazer NNP I-NP
+, , O
+violated VBD B-VP
+securities NNS B-NP
+laws NNS I-NP
+by IN B-PP
+failing VBG B-VP
+to TO I-VP
+disclose VB I-VP
+plans NNS B-NP
+to TO B-VP
+purchase VB I-VP
+15 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+and CC O
+that IN B-SBAR
+when WRB B-ADVP
+the DT B-NP
+required VBN I-NP
+Hart-Scott-Rodino NNP I-NP
+filing NN I-NP
+eventually RB B-ADVP
+was VBD B-VP
+made VBN I-VP
+, , O
+it PRP B-NP
+did VBD B-VP
+n't RB I-VP
+disclose VB I-VP
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+alleged VBN I-NP
+earlier JJR I-NP
+violation NN I-NP
+of IN B-PP
+the DT B-NP
+so-called JJ I-NP
+prior-notice JJ I-NP
+requirements NNS I-NP
+of IN B-PP
+the DT B-NP
+law NN I-NP
+. . O
+
+Mr. NNP B-NP
+Glazer NNP I-NP
+could MD B-VP
+n't RB I-VP
+immediately RB I-VP
+be VB I-VP
+reached VBN I-VP
+to TO B-VP
+comment VB I-VP
+. . O
+
+But CC O
+when WRB B-ADVP
+Harley NNP B-NP
+last JJ B-NP
+week NN I-NP
+publicly RB B-ADVP
+questioned VBD B-VP
+the DT B-NP
+legality NN I-NP
+of IN B-PP
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+filing NN I-NP
+procedures NNS I-NP
+, , O
+the DT B-NP
+Rochester NNP I-NP
+, , I-NP
+N.Y. NNP I-NP
+, , I-NP
+investor NN I-NP
+said VBD B-VP
+`` `` O
+we PRP B-NP
+complied VBD B-VP
+with IN B-PP
+every DT B-NP
+law NN I-NP
+, , O
+'' '' O
+and CC O
+he PRP B-NP
+denied VBD B-VP
+any DT B-NP
+wrongdoing NN I-NP
+. . O
+
+The DT B-NP
+Glazer NNP I-NP
+group NN I-NP
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+filing NN I-NP
+in IN B-PP
+early JJ B-NP
+October NNP I-NP
+that IN B-SBAR
+it PRP B-NP
+may MD B-VP
+seek VB I-VP
+a DT B-NP
+controlling VBG I-NP
+interest NN I-NP
+in IN B-PP
+Harley-Davidson NNP B-NP
+, , O
+or CC O
+seek VB B-VP
+representation NN B-NP
+on IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+board NN I-NP
+. . O
+
+Harley NNP B-NP
+has VBZ B-VP
+said VBD I-VP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+intend VB I-VP
+to TO I-VP
+be VB I-VP
+acquired VBN I-VP
+by IN B-PP
+the DT B-NP
+Glazer NNP I-NP
+group NN I-NP
+or CC O
+any DT B-NP
+other JJ I-NP
+party NN I-NP
+. . O
+
+Inland NNP B-NP
+Steel NNP I-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+, , O
+battered VBN B-VP
+by IN B-PP
+lower JJR B-NP
+volume NN I-NP
+and CC O
+higher JJR B-NP
+costs NNS I-NP
+, , O
+posted VBD B-VP
+a DT B-NP
+75 CD I-NP
+% NN I-NP
+drop NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+earnings NNS I-NP
+. . O
+
+The DT B-NP
+nation NN I-NP
+'s POS B-NP
+fourth-largest JJ I-NP
+steelmaker NN I-NP
+earned VBD B-VP
+$ $ B-NP
+18.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+43 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+61 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.70 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+when WRB B-ADVP
+the DT B-NP
+industry NN I-NP
+was VBD B-VP
+enjoying VBG I-VP
+peak NN B-NP
+demand NN I-NP
+and CC O
+strong JJ B-NP
+pricing NN I-NP
+. . O
+
+Sales NNS B-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+981.2 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+1.02 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+earnings NNS I-NP
+also RB B-ADVP
+mark VBP B-VP
+a DT B-NP
+significant JJ I-NP
+drop NN I-NP
+from IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+'s POS B-NP
+$ $ I-NP
+45.3 CD I-NP
+million CD I-NP
+or CC O
+$ $ B-NP
+1.25 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+the DT B-NP
+earnings NNS I-NP
+were VBD B-VP
+well RB B-ADVP
+below IN B-PP
+analysts NNS B-NP
+' POS B-NP
+expectations NNS I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+1.16 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Inland NNP B-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+35.875 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+$ $ B-NP
+1 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+attributed VBD B-VP
+the DT B-NP
+earnings NNS I-NP
+drop NN I-NP
+to TO B-PP
+lower JJR B-NP
+volume NN I-NP
+related VBN B-VP
+to TO B-PP
+seasonal JJ B-NP
+demand NN I-NP
+and CC O
+the DT B-NP
+soft JJ I-NP
+consumer NN I-NP
+durable JJ I-NP
+market NN I-NP
+, , O
+especially RB B-ADVP
+in IN B-PP
+the DT B-NP
+automotive JJ I-NP
+sector NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+also RB B-ADVP
+lost VBD B-VP
+orders NNS B-NP
+because IN B-PP
+of IN I-PP
+prolonged VBN B-NP
+labor NN I-NP
+talks NNS I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+. . O
+
+Third-quarter JJ B-NP
+shipments NNS I-NP
+slipped VBD B-VP
+7 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+, , O
+and CC O
+17 CD B-NP
+% NN I-NP
+from IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+second JJ I-NP
+quarter NN I-NP
+. . O
+
+Profit NN B-NP
+of IN B-PP
+steel NN B-NP
+shipped VBN B-VP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+steel NN I-NP
+segment NN I-NP
+slid VBD B-VP
+to TO B-PP
+$ $ B-NP
+26 CD I-NP
+a DT B-NP
+ton NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+66 CD I-NP
+a DT B-NP
+ton NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+and CC O
+$ $ B-NP
+57 CD I-NP
+a DT B-NP
+ton NN I-NP
+a DT B-NP
+quarter NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Analysts NNS B-NP
+noted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+disappointing JJ I-NP
+results NNS I-NP
+do VBP B-VP
+n't RB I-VP
+reflect VB I-VP
+lower JJR B-NP
+prices NNS I-NP
+for IN B-PP
+steel NN B-NP
+products NNS I-NP
+. . O
+
+Charles NNP B-NP
+Bradford NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+, , O
+said VBD B-VP
+higher JJR B-NP
+prices NNS I-NP
+for IN B-PP
+galvanized JJ B-NP
+and CC I-NP
+cold-rolled JJ I-NP
+products NNS I-NP
+offset VBP B-VP
+lower JJR B-NP
+prices NNS I-NP
+for IN B-PP
+bar NN B-NP
+, , I-NP
+hot-rolled JJ I-NP
+and CC I-NP
+structural JJ I-NP
+steel NN I-NP
+. . O
+
+Structural JJ B-NP
+steel NN I-NP
+, , O
+which WDT B-NP
+primarily RB B-ADVP
+serves VBZ B-VP
+the DT B-NP
+construction NN I-NP
+market NN I-NP
+, , O
+was VBD B-VP
+especially RB I-VP
+hurt VBN I-VP
+by IN B-PP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+price NN I-NP
+drop NN I-NP
+, , O
+Mr. NNP B-NP
+Bradford NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+its PRP$ B-NP
+integrated VBN I-NP
+steel NN I-NP
+sector NN I-NP
+was VBD B-VP
+also RB I-VP
+hurt VBN I-VP
+by IN B-PP
+higher JJR B-NP
+raw JJ I-NP
+material NN I-NP
+, , I-NP
+repair NN I-NP
+and CC I-NP
+maintenance NN I-NP
+, , I-NP
+and CC I-NP
+labor NN I-NP
+costs NNS I-NP
+. . O
+
+The DT B-NP
+increased VBN I-NP
+labor NN I-NP
+costs NNS I-NP
+became VBD B-VP
+effective JJ B-ADJP
+Aug. NNP B-NP
+1 CD I-NP
+under IN B-PP
+terms NNS B-NP
+of IN B-PP
+the DT B-NP
+four-year JJ I-NP
+labor NN I-NP
+agreement NN I-NP
+with IN B-PP
+the DT B-NP
+United NNP I-NP
+Steelworkers NNPS I-NP
+union NN I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+service NN I-NP
+center NN I-NP
+segment NN I-NP
+, , O
+which WDT B-NP
+saw VBD B-VP
+operating VBG B-NP
+profit NN I-NP
+drop NN B-VP
+to TO B-PP
+$ $ B-NP
+11.5 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+30.7 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+experienced VBN B-VP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+same JJ I-NP
+demand NN I-NP
+and CC I-NP
+cost NN I-NP
+problems NNS I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+start-up JJ B-NP
+costs NNS I-NP
+associated VBN B-VP
+with IN B-PP
+a DT B-NP
+coil NN I-NP
+processing NN I-NP
+facility NN I-NP
+in IN B-PP
+Chicago NNP B-NP
+and CC O
+an DT B-NP
+upgraded VBN I-NP
+computer NN I-NP
+information NN I-NP
+system NN I-NP
+. . O
+
+Inland NNP B-NP
+Chairman NNP I-NP
+Frank NNP I-NP
+W. NNP I-NP
+Luerssen NNP I-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+short-term JJ I-NP
+outlook NN I-NP
+is VBZ B-VP
+`` `` O
+clouded VBN B-VP
+by IN B-PP
+uncertainties NNS B-NP
+in IN B-PP
+the DT B-NP
+economy NN I-NP
+and CC O
+financial JJ B-NP
+markets NNS I-NP
+. . O
+'' '' O
+
+However RB B-ADVP
+, , O
+he PRP B-NP
+noted VBD B-VP
+that DT B-SBAR
+steel NN B-NP
+mill NN I-NP
+bookings NNS I-NP
+are VBP B-VP
+up IN B-ADVP
+from IN B-PP
+early JJ B-NP
+summer NN I-NP
+levels NNS I-NP
+, , O
+and CC O
+that IN B-SBAR
+he PRP B-NP
+expects VBZ B-VP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+improve VB I-VP
+its PRP$ B-NP
+cost NN I-NP
+performance NN I-NP
+in IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+profit NN B-NP
+was VBD B-VP
+$ $ B-NP
+113 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.04 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+3.19 CD I-NP
+billion CD I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+204.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+5.76 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+3.03 CD I-NP
+billion CD I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+`` `` I-NP
+seismic JJ I-NP
+'' '' I-NP
+activity NN I-NP
+of IN B-PP
+a DT B-NP
+financial JJ I-NP
+market NN I-NP
+bears VBZ B-VP
+a DT B-NP
+resemblance NN I-NP
+to TO B-PP
+the DT B-NP
+seismic JJ I-NP
+activity NN I-NP
+of IN B-PP
+the DT B-NP
+earth NN I-NP
+. . O
+
+When WRB B-ADVP
+things NNS B-NP
+are VBP B-NP
+quiet JJ I-NP
+-LRB- ( O
+low JJ B-NP
+volatility NN I-NP
+-RRB- ) O
+, , O
+the DT B-NP
+structures NNS I-NP
+on IN B-PP
+which WDT B-NP
+markets NNS B-NP
+stand VBP B-VP
+can MD B-VP
+be VB I-VP
+relatively RB B-ADJP
+inefficient JJ I-ADJP
+and CC O
+still RB B-VP
+perform VB I-VP
+their PRP$ B-NP
+functions NNS I-NP
+adequately RB B-ADVP
+. . O
+
+However RB B-ADVP
+, , O
+when WRB B-ADVP
+powerful JJ B-NP
+forces NNS I-NP
+start VBP B-VP
+shaking VBG I-VP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+structure NN I-NP
+, , O
+the DT O
+more JJR B-ADJP
+`` `` I-ADJP
+earthquake-resistant JJ I-ADJP
+'' '' O
+it PRP B-NP
+is VBZ B-VP
+, , O
+the DT O
+better JJR O
+its PRP$ B-NP
+chance NN I-NP
+for IN B-PP
+survival NN B-NP
+. . O
+
+America NNP B-NP
+'s POS B-NP
+financial JJ I-NP
+markets NNS I-NP
+do VBP B-VP
+not RB I-VP
+yet RB I-VP
+have VB I-VP
+all PDT B-NP
+the DT I-NP
+required VBN I-NP
+modern JJ I-NP
+features NNS I-NP
+required VBN B-VP
+to TO B-VP
+make VB I-VP
+them PRP B-NP
+fully RB B-ADJP
+`` `` I-ADJP
+aftershock-resistant JJ I-ADJP
+. . O
+'' '' O
+
+Investors NNS B-NP
+lack VBP B-VP
+equal JJ B-NP
+access NN I-NP
+to TO B-PP
+the DT B-NP
+markets NNS I-NP
+' POS B-NP
+trading NN I-NP
+arena NN I-NP
+and CC O
+its PRP$ B-NP
+information NN I-NP
+. . O
+
+That DT B-NP
+structural JJ I-NP
+lack NN I-NP
+is VBZ B-VP
+crucial JJ B-ADJP
+because IN B-SBAR
+investors NNS B-NP
+are VBP B-VP
+the DT B-NP
+only JJ I-NP
+source NN I-NP
+of IN B-PP
+market NN B-NP
+liquidity NN I-NP
+. . O
+
+And CC O
+liquidity NN B-NP
+is VBZ B-VP
+what WP B-NP
+markets VBZ B-NP
+need VBP B-VP
+to TO B-VP
+damp VB I-VP
+quakes NNS B-NP
+and CC I-NP
+aftershocks NNS I-NP
+. . O
+
+In IN B-PP
+today NN B-NP
+'s POS B-NP
+markets NNS I-NP
+, , O
+specialists NNS B-NP
+-LRB- ( O
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+-RRB- ) O
+and CC O
+`` `` B-NP
+upstairs NN I-NP
+'' '' I-NP
+market NN I-NP
+makers NNS I-NP
+-LRB- ( O
+in IN B-PP
+the DT B-NP
+over-the-counter JJ I-NP
+market NN I-NP
+-RRB- ) O
+are VBP B-VP
+the DT B-NP
+only JJ I-NP
+market NN I-NP
+participants NNS I-NP
+allowed VBN B-VP
+to TO I-VP
+play VB I-VP
+a DT B-NP
+direct JJ I-NP
+role NN I-NP
+in IN B-PP
+the DT B-NP
+price-determination JJ I-NP
+process NN I-NP
+. . O
+
+When WRB B-ADVP
+they PRP B-NP
+halt VBP B-VP
+trading VBG B-NP
+, , O
+all DT B-NP
+market NN I-NP
+liquidity NN I-NP
+is VBZ B-VP
+gone VBN B-ADJP
+. . O
+
+And CC O
+when WRB B-ADVP
+any DT B-NP
+component NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+-- : O
+cash NN B-NP
+, , I-NP
+futures NNS I-NP
+or CC I-NP
+options NNS I-NP
+-- : O
+loses VBZ B-VP
+liquidity NN B-NP
+, , O
+the DT B-NP
+price NN I-NP
+discovery NN I-NP
+system NN I-NP
+-LRB- ( O
+the DT B-NP
+way NN I-NP
+prices NNS B-NP
+are VBP B-VP
+determined VBN I-VP
+-RRB- ) O
+becomes VBZ B-VP
+flawed JJ B-ADJP
+or CC O
+is VBZ B-VP
+lost VBN I-VP
+entirely RB B-ADVP
+for IN B-PP
+a DT B-NP
+time NN I-NP
+. . O
+
+Last NNP B-NP
+Friday NNP I-NP
+the DT I-NP
+13th JJ I-NP
+-LRB- ( O
+as RB B-PP
+well RB I-PP
+as IN I-PP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+this DT B-NP
+week NN I-NP
+-RRB- ) O
+the DT B-NP
+markets NNS I-NP
+became VBD B-VP
+unlinked JJ B-ADJP
+. . O
+
+When WRB B-ADVP
+that WDT B-NP
+happened VBD B-VP
+, , O
+`` `` B-NP
+seismic JJ I-NP
+'' '' I-NP
+tremors NNS I-NP
+of IN B-PP
+fear NN B-NP
+-- : O
+much JJ B-ADVP
+like IN B-PP
+the DT B-NP
+shock NN I-NP
+waves NNS I-NP
+created VBN B-VP
+by IN B-PP
+an DT B-NP
+earthquake NN I-NP
+-- : O
+coursed VBN B-VP
+through IN B-PP
+the DT B-NP
+market NN I-NP
+and CC O
+increased VBD B-VP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+volatility NN I-NP
+. . O
+
+Lack NN B-NP
+of IN B-PP
+important JJ B-NP
+, , I-NP
+needed VBN I-NP
+information NN I-NP
+can MD B-VP
+cause VB I-VP
+fear NN B-NP
+. . O
+
+Fear NN B-NP
+is VBZ B-VP
+the DT B-NP
+father NN I-NP
+of IN B-PP
+panic NN B-NP
+. . O
+
+Panic NN B-NP
+frequently RB B-ADVP
+results VBZ B-VP
+in IN B-PP
+irrational JJ B-NP
+behavior NN I-NP
+. . O
+
+And CC O
+in IN B-PP
+financial JJ B-NP
+markets NNS I-NP
+, , O
+irrational JJ B-NP
+behavior NN I-NP
+is VBZ B-VP
+sometimes RB I-VP
+translated VBN I-VP
+into IN B-PP
+catastrophe NN B-NP
+. . O
+
+When WRB B-ADVP
+market NN B-NP
+tremors NNS I-NP
+start VBP B-VP
+, , O
+it PRP B-NP
+is VBZ B-VP
+crucial JJ B-ADJP
+that IN B-SBAR
+as IN B-NP
+much JJ I-NP
+information NN I-NP
+about IN B-PP
+transaction NN B-NP
+prices NNS I-NP
+and CC O
+the DT B-NP
+supply-demand JJ I-NP
+curve NN I-NP
+-LRB- ( O
+buy VB B-NP
+and CC I-NP
+sell VB I-NP
+orders NNS I-NP
+at IN B-PP
+various JJ B-NP
+prices NNS I-NP
+-RRB- ) O
+be VB B-VP
+made VBN I-VP
+available JJ B-ADJP
+to TO B-PP
+all DT B-NP
+, , O
+not RB B-CONJP
+just RB I-CONJP
+to TO B-PP
+market VB B-NP
+makers NNS I-NP
+. . O
+
+Because IN B-PP
+of IN I-PP
+a DT B-NP
+lack NN I-NP
+of IN B-PP
+information NN B-NP
+and CC I-NP
+access NN I-NP
+, , O
+many JJ B-NP
+investors NNS I-NP
+-- : O
+including VBG B-PP
+the DT B-NP
+very JJ I-NP
+ones NNS I-NP
+whose WP$ B-NP
+buying VBG I-NP
+power NN I-NP
+could MD B-VP
+restore VB I-VP
+stability NN B-NP
+and CC O
+damp VB B-VP
+volatility NN B-NP
+-- : O
+are VBP B-VP
+forced VBN I-VP
+to TO I-VP
+stand VB I-VP
+on IN B-PP
+the DT B-NP
+sidelines NNS I-NP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+most RBS I-VP
+needed VBN I-VP
+, , O
+because IN B-PP
+of IN I-PP
+their PRP$ B-NP
+ignorance NN I-NP
+of IN B-PP
+important JJ B-NP
+market NN I-NP
+information NN I-NP
+. . O
+
+To TO B-VP
+add VB I-VP
+aftershock-damping JJ B-NP
+power NN I-NP
+to TO B-PP
+America NNP B-NP
+'s POS B-NP
+markets NNS I-NP
+, , O
+a DT B-NP
+modern NN I-NP
+, , I-NP
+electronic JJ I-NP
+trading NN I-NP
+system NN I-NP
+should MD B-VP
+be VB I-VP
+implemented VBN I-VP
+that WDT B-NP
+permits VBZ B-VP
+equal JJ B-NP
+access NN I-NP
+to TO B-PP
+the DT B-NP
+trading NN I-NP
+arena NN I-NP
+-LRB- ( O
+and CC O
+the DT B-NP
+information NN I-NP
+that WDT B-NP
+would MD B-VP
+automatically RB I-VP
+accompany VB I-VP
+such JJ B-NP
+access NN I-NP
+-RRB- ) O
+by IN B-PP
+investors NNS B-NP
+-- : O
+particularly RB B-ADVP
+institutional JJ B-NP
+investors NNS I-NP
+. . O
+
+Contrary JJ B-ADVP
+to TO B-PP
+some DT B-NP
+opinions NNS I-NP
+, , O
+the DT B-NP
+trading NN I-NP
+activities NNS I-NP
+of IN B-PP
+specialists NNS B-NP
+and CC O
+other JJ B-NP
+market NN I-NP
+makers NNS I-NP
+do VBP B-VP
+not RB I-VP
+provide VB I-VP
+liquidity NN B-NP
+to TO B-PP
+the DT B-NP
+market NN I-NP
+as IN B-PP
+a DT B-NP
+whole NN I-NP
+. . O
+
+What WP B-NP
+market NN B-NP
+makers NNS I-NP
+provide VBP B-VP
+is VBZ B-VP
+immediacy NN B-NP
+, , O
+a DT B-NP
+very RB I-NP
+valuable JJ I-NP
+service NN I-NP
+. . O
+
+Liquidity NN B-NP
+is VBZ B-VP
+not RB O
+a DT B-NP
+service NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+a DT B-NP
+market NN I-NP
+attribute VBP I-NP
+-- : O
+the DT B-NP
+ability NN I-NP
+to TO B-VP
+absorb VB I-VP
+selling VBG B-NP
+orders NNS I-NP
+without IN B-PP
+causing VBG B-VP
+significant JJ B-NP
+price NN I-NP
+changes NNS I-NP
+in IN B-PP
+the DT B-NP
+absence NN I-NP
+of IN B-PP
+news NN B-NP
+. . O
+
+Market NN B-NP
+makers NNS I-NP
+buy VBP B-VP
+what WP B-NP
+investors NNS B-NP
+wish VBP B-VP
+to TO I-VP
+sell VB I-VP
+; : O
+their PRP$ B-NP
+business NN I-NP
+is VBZ B-VP
+reselling VBG I-VP
+these DT B-NP
+unwanted JJ I-NP
+positions NNS I-NP
+as RB B-ADVP
+quickly RB I-ADVP
+as IN B-PP
+possible JJ B-ADJP
+to TO B-PP
+other JJ B-NP
+investors NNS I-NP
+, , O
+and CC O
+at IN B-PP
+a DT B-NP
+profit NN I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+while IN B-SBAR
+any DT B-NP
+one CD I-NP
+customer NN I-NP
+may MD B-VP
+purchase VB I-VP
+immediacy NN B-NP
+by IN B-PP
+selling VBG B-VP
+to TO B-PP
+a DT B-NP
+market NN I-NP
+maker NN I-NP
+-LRB- ( O
+which WDT B-NP
+is VBZ B-VP
+micro-liquidity NN B-NP
+for IN B-PP
+the DT B-NP
+investor NN I-NP
+-RRB- ) O
+, , O
+the DT B-NP
+market NN I-NP
+as IN B-PP
+a DT B-NP
+whole JJ I-NP
+remains NNS B-VP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+circumstances NNS I-NP
+it PRP B-NP
+was VBD B-VP
+before IN B-PP
+the DT B-NP
+transaction NN I-NP
+: : O
+The DT B-NP
+unwanted JJ I-NP
+position NN I-NP
+is VBZ B-VP
+still RB B-ADVP
+an DT B-NP
+unwanted JJ I-NP
+position NN I-NP
+; : O
+only RB B-NP
+the DT I-NP
+identity NN I-NP
+of IN B-PP
+the DT B-NP
+seller NN I-NP
+has VBZ B-VP
+changed VBN I-VP
+. . O
+
+In IN B-PP
+fact NN B-NP
+it PRP B-NP
+can MD B-VP
+be VB I-VP
+argued VBN I-VP
+that IN B-SBAR
+increasing VBG B-VP
+capital NN B-NP
+commitments NNS I-NP
+by IN B-PP
+market NN B-NP
+makers NNS I-NP
+-LRB- ( O
+a DT B-NP
+result NN I-NP
+of IN B-PP
+some DT B-NP
+post-1987 JJ I-NP
+crash NN I-NP
+studies NNS I-NP
+-RRB- ) O
+also RB B-ADVP
+increases NNS B-VP
+market NN B-NP
+volatility NN I-NP
+, , O
+since IN B-SBAR
+the DT O
+more JJR O
+securities NNS B-NP
+are VBP B-VP
+held VBN I-VP
+by IN B-PP
+market NN B-NP
+makers NNS I-NP
+at IN B-PP
+any DT B-NP
+given VBN I-NP
+time NN I-NP
+, , O
+the DT O
+more JJR O
+selling VBG B-NP
+pressure NN I-NP
+is VBZ B-VP
+overhanging VBG I-VP
+the DT B-NP
+market NN I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+open JJ I-NP
+electronic JJ I-NP
+system NN I-NP
+, , O
+any DT B-NP
+investor NN I-NP
+wishing VBG B-VP
+to TO I-VP
+pay VB I-VP
+for IN B-PP
+real-time JJ B-NP
+access NN I-NP
+to TO B-PP
+the DT B-NP
+trading NN I-NP
+arena NN I-NP
+through IN B-PP
+a DT B-NP
+registered VBN I-NP
+broker-dealer NN I-NP
+would MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+see VB I-VP
+the DT B-NP
+entire JJ I-NP
+supply-demand JJ I-NP
+curve NN I-NP
+-LRB- ( O
+buy VB B-NP
+and CC I-NP
+sell VB I-NP
+orders NNS I-NP
+at IN B-PP
+each DT B-NP
+price NN I-NP
+-RRB- ) O
+entered VBN B-VP
+by IN B-PP
+dealers NNS B-NP
+and CC I-NP
+investors NNS I-NP
+alike RB B-ADVP
+, , O
+and CC O
+to TO B-VP
+enter VB I-VP
+and CC I-VP
+execute VB I-VP
+orders NNS B-NP
+. . O
+
+Current JJ B-NP
+quotations NNS I-NP
+would MD B-VP
+reflect VB I-VP
+the DT B-NP
+combined VBN I-NP
+financial JJ I-NP
+judgment NN I-NP
+of IN B-PP
+all DT B-NP
+market NN I-NP
+participants NNS I-NP
+-- : O
+not RB B-CONJP
+just RB I-CONJP
+those DT B-NP
+of IN B-PP
+intermediaries NNS B-NP
+who WP B-NP
+become VBP B-VP
+extremely RB B-ADJP
+risk-averse JJ I-ADJP
+during IN B-PP
+times NNS B-NP
+of IN B-PP
+crisis NN B-NP
+. . O
+
+Investors NNS B-NP
+and CC I-NP
+professionals NNS I-NP
+alike RB B-ADVP
+would MD B-VP
+compete VB I-VP
+on IN B-PP
+the DT B-NP
+level NN I-NP
+playing VBG I-NP
+field NN I-NP
+Congress NNP B-NP
+sought VBD B-VP
+and CC O
+called VBD B-VP
+a DT B-NP
+`` `` I-NP
+national JJ I-NP
+market NN I-NP
+system NN I-NP
+'' '' O
+-LRB- ( O
+not RB B-VP
+yet RB I-VP
+achieved VBN I-VP
+-RRB- ) O
+almost RB B-NP
+15 CD I-NP
+years NNS I-NP
+ago RB B-ADVP
+when WRB B-ADVP
+it PRP B-NP
+passed VBD B-VP
+the DT B-NP
+Securities NNP I-NP
+Reform NNP I-NP
+Act NNP I-NP
+of IN B-PP
+1975 CD B-NP
+. . O
+
+Last NNP B-NP
+Friday NNP I-NP
+'s POS B-NP
+market NN I-NP
+gyrations NNS I-NP
+did VBD B-VP
+not RB I-VP
+result VB I-VP
+in IN B-PP
+severe JJ B-NP
+`` `` I-NP
+aftershocks NNS I-NP
+. . O
+'' '' O
+
+Were VBD O
+we PRP B-NP
+smart JJ B-ADJP
+or CC I-ADJP
+just RB I-ADJP
+lucky JJ I-ADJP
+? . O
+
+I PRP B-NP
+'m VBP B-VP
+not RB O
+certain JJ B-ADJP
+. . O
+
+But CC O
+I PRP B-NP
+am VBP B-VP
+sure JJ B-ADJP
+we PRP B-NP
+need VBP B-VP
+to TO I-VP
+maximize VB I-VP
+our PRP$ B-NP
+`` `` I-NP
+earthquake NN I-NP
+'' '' I-NP
+protection NN I-NP
+by IN B-PP
+making VBG B-VP
+certain JJ B-ADJP
+that IN B-SBAR
+our PRP$ B-NP
+market NN I-NP
+structures NNS I-NP
+let VBP B-VP
+investors NNS B-NP
+add VBP B-VP
+their PRP$ B-NP
+mighty JJ I-NP
+shock-damping JJ I-NP
+power NN I-NP
+to TO B-PP
+our PRP$ B-NP
+nation NN I-NP
+'s POS B-NP
+markets NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Peake NNP I-NP
+is VBZ B-VP
+chairman NN B-NP
+of IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+consulting NN I-NP
+company NN I-NP
+in IN B-PP
+Englewood NNP B-NP
+, , O
+N.J NNP B-NP
+. . O
+
+NOW RB B-ADVP
+YOU PRP B-NP
+SEE VBP B-VP
+IT PRP B-NP
+, , O
+now RB B-ADVP
+you PRP B-NP
+do VBP B-VP
+n't RB O
+. . O
+
+The DT B-NP
+recession NN I-NP
+, , O
+that WDT B-NP
+is VBZ B-VP
+. . O
+
+The DT B-NP
+economy NN I-NP
+'s POS B-NP
+stutter NN I-NP
+steps NNS I-NP
+leave VBP B-VP
+investors NNS B-NP
+wondering VBG B-VP
+whether IN O
+things NNS B-NP
+are VBP B-VP
+slowing VBG I-VP
+down RB B-PRT
+or CC O
+speeding VBG B-VP
+up RB B-PRT
+. . O
+
+So RB B-ADVP
+often RB I-ADVP
+are VBP O
+government NN B-NP
+statistics NNS I-NP
+revised VBN B-VP
+that IN B-SBAR
+they PRP B-NP
+seem VBP B-VP
+to TO I-VP
+resemble VB I-VP
+a DT B-NP
+spinning VBG I-NP
+weather NN I-NP
+vane NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+past JJ I-NP
+seven CD I-NP
+years NNS I-NP
+, , O
+investors NNS B-NP
+have VBP B-VP
+had VBN I-VP
+the DT B-NP
+wind NN I-NP
+at IN B-PP
+their PRP$ B-NP
+backs NNS I-NP
+, , O
+in IN B-PP
+the DT B-NP
+form NN I-NP
+of IN B-PP
+a DT B-NP
+generally RB I-NP
+growing VBG I-NP
+economy NN I-NP
+. . O
+
+Some DT B-NP
+may MD B-VP
+have VB I-VP
+forgotten VBN I-VP
+-- : O
+and CC O
+some DT B-NP
+younger JJR I-NP
+ones NNS I-NP
+may MD B-VP
+never RB I-VP
+have VB I-VP
+experienced VBN I-VP
+-- : O
+what WP B-NP
+it PRP B-NP
+'s VBZ B-VP
+like VB B-PP
+to TO B-VP
+invest VB I-VP
+during IN B-PP
+a DT B-NP
+recession NN I-NP
+. . O
+
+Different JJ B-NP
+tactics NNS I-NP
+are VBP B-VP
+called VBN I-VP
+for IN B-PP
+, , O
+as IN B-SBAR
+losing VBG B-VP
+money NN B-NP
+becomes VBZ B-VP
+easier JJR B-ADJP
+and CC O
+making VBG B-VP
+money NN B-NP
+becomes VBZ B-VP
+tougher JJR B-ADJP
+. . O
+
+For IN B-PP
+those DT B-NP
+investors NNS I-NP
+who WP B-NP
+believe VBP B-VP
+-- : O
+or CC O
+fear NN O
+-- : O
+that IN O
+1990 CD B-NP
+will MD B-VP
+be VB I-VP
+a DT B-NP
+recession NN I-NP
+year NN I-NP
+, , O
+many JJ B-NP
+economists NNS I-NP
+and CC I-NP
+money NN I-NP
+managers NNS I-NP
+agree VBP B-VP
+on IN B-PP
+steps NNS B-NP
+that WDT B-NP
+can MD B-VP
+be VB I-VP
+taken VBN I-VP
+to TO B-VP
+lower JJR I-VP
+the DT B-NP
+risks NNS I-NP
+in IN B-PP
+a DT B-NP
+portfolio NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+nutshell NN I-NP
+, , O
+pros NNS B-NP
+advise VBP B-VP
+investors NNS B-NP
+who WP B-NP
+expect VBP B-VP
+a DT B-NP
+slowdown NN I-NP
+to TO B-VP
+hold VB I-VP
+fewer JJR B-NP
+stocks NNS I-NP
+than IN B-PP
+usual JJ B-ADJP
+and CC O
+to TO B-VP
+favor VB I-VP
+shares NNS B-NP
+of IN B-PP
+big JJ B-NP
+companies NNS I-NP
+in IN B-PP
+`` `` B-NP
+defensive JJ I-NP
+'' '' I-NP
+industries NNS I-NP
+. . O
+
+A DT B-NP
+heavy JJ I-NP
+dose NN I-NP
+of IN B-PP
+cash NN B-NP
+is VBZ B-VP
+prescribed VBN I-VP
+, , O
+along IN B-ADVP
+with IN B-PP
+a DT B-NP
+heavier-than-usual JJ I-NP
+allotment NN I-NP
+to TO B-PP
+bonds NNS B-NP
+-- : O
+preferably RB B-ADVP
+government NN B-NP
+bonds NNS I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+tempting JJ B-ADJP
+to TO B-VP
+think VB I-VP
+these DT B-NP
+defensive JJ I-NP
+steps NNS I-NP
+can MD B-VP
+be VB I-VP
+delayed VBN I-VP
+until IN B-SBAR
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+clearly RB B-ADVP
+at IN B-PP
+hand NN B-NP
+. . O
+
+But CC O
+that DT B-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+possible JJ B-ADJP
+, , O
+because IN B-SBAR
+recessions NNS B-NP
+often RB B-ADVP
+take VBP B-VP
+investors NNS B-NP
+by IN B-PP
+surprise NN B-NP
+. . O
+
+`` `` O
+They PRP B-NP
+always RB B-ADVP
+seem VBP B-VP
+to TO I-VP
+come VB I-VP
+a DT B-NP
+bit NN I-NP
+later RB B-ADVP
+than IN B-SBAR
+you PRP B-NP
+expect VBP B-VP
+. . O
+
+When WRB B-ADVP
+they PRP B-NP
+do VBP B-VP
+hit VBD I-VP
+, , O
+they PRP B-NP
+hit VBD B-VP
+fast RB B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+David NNP B-NP
+A. NNP I-NP
+Wyss NNP I-NP
+, , O
+chief JJ B-NP
+financial JJ I-NP
+economist NN I-NP
+at IN B-PP
+the DT B-NP
+Data NNP I-NP
+Resources NNPS I-NP
+division NN I-NP
+of IN B-PP
+McGraw-Hill NNP B-NP
+Inc NNP I-NP
+. . O
+
+Though IN B-SBAR
+he PRP B-NP
+himself PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+expect VB I-VP
+a DT B-NP
+recession NN I-NP
+soon RB B-ADVP
+, , O
+Mr. NNP B-NP
+Wyss NNP I-NP
+advises VBZ B-VP
+people NNS B-NP
+who WP B-NP
+do VBP B-VP
+that IN B-SBAR
+`` `` O
+the DT B-NP
+best JJS I-NP
+thing NN I-NP
+to TO B-VP
+be VB I-VP
+in IN B-PP
+is VBZ B-VP
+long JJ O
+that DT B-NP
+is VBZ B-VP
+, , B-NP
+20-year JJ I-NP
+to TO I-NP
+30-year NNP I-NP
+Treasury NNP I-NP
+bonds NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+reason NN I-NP
+is VBZ B-VP
+simple JJ B-ADJP
+, , O
+Mr. NNP B-NP
+Wyss NNP I-NP
+says VBZ B-VP
+: : O
+`` `` O
+Interest NN B-NP
+rates NNS I-NP
+almost RB B-ADVP
+always RB I-ADVP
+decline VBP B-VP
+during IN B-PP
+recession NN B-NP
+. . O
+'' '' O
+
+As RB B-ADVP
+surely RB I-ADVP
+as IN B-SBAR
+a DT B-NP
+seesaw NN I-NP
+tilts VBZ B-VP
+, , O
+falling VBG B-NP
+interest NN I-NP
+rates NNS I-NP
+force VBP B-VP
+up IN B-ADVP
+the DT B-NP
+price NN I-NP
+of IN B-PP
+previously RB B-NP
+issued VBN I-NP
+bonds NNS I-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+worth RB B-PP
+more JJR B-NP
+because IN B-SBAR
+they PRP B-NP
+pay VBP B-VP
+higher JJR B-NP
+interest NN I-NP
+than IN B-SBAR
+newly RB B-NP
+issued VBN I-NP
+bonds NNS I-NP
+do VBP B-VP
+. . O
+
+That DT B-NP
+effect NN I-NP
+holds VBZ B-VP
+true JJ B-ADJP
+for IN B-PP
+both DT B-NP
+short-term JJ I-NP
+and CC I-NP
+long-term JJ I-NP
+bonds NNS I-NP
+. . O
+
+But CC O
+short-term JJ B-NP
+bonds NNS I-NP
+ca MD B-VP
+n't RB I-VP
+rise VB I-VP
+too RB B-ADVP
+much JJ I-ADVP
+, , O
+because IN B-SBAR
+everyone NN B-NP
+knows VBZ B-VP
+they PRP B-NP
+will MD O
+be VB B-VP
+redeemed VBN I-VP
+at IN B-PP
+a DT B-NP
+preset JJ I-NP
+price NN I-NP
+fairly RB B-ADVP
+soon RB I-ADVP
+. . O
+
+Long-term JJ B-NP
+bonds NNS I-NP
+, , O
+with IN B-PP
+many JJ B-NP
+years NNS I-NP
+left VBN B-ADJP
+before IN B-PP
+maturity NN B-NP
+, , O
+swing NN B-VP
+more RBR B-ADVP
+widely RB I-ADVP
+in IN B-PP
+price NN B-NP
+. . O
+
+But CC O
+not RB B-NP
+just RB I-NP
+any DT I-NP
+bonds NNS I-NP
+will MD B-VP
+do VB I-VP
+. . O
+
+Corporate JJ B-NP
+bonds NNS I-NP
+`` `` O
+are VBP B-VP
+usually RB B-ADVP
+not RB O
+a DT B-NP
+good JJ I-NP
+bet NN I-NP
+in IN B-PP
+a DT B-NP
+recession NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Wyss NNP I-NP
+says VBZ B-VP
+. . O
+
+As IN B-SBAR
+times NNS B-NP
+get VBP B-VP
+tougher JJR B-ADJP
+, , O
+investors NNS B-NP
+fret VBP B-VP
+about IN B-PP
+whether IN B-SBAR
+companies NNS B-NP
+will MD B-VP
+have VB I-VP
+enough JJ B-NP
+money NN I-NP
+to TO B-VP
+pay VB I-VP
+their PRP$ B-NP
+debts NNS I-NP
+. . O
+
+This DT B-NP
+hurts VBZ B-VP
+the DT B-NP
+price NN I-NP
+of IN B-PP
+corporate JJ B-NP
+bonds NNS I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+he PRP B-NP
+notes VBZ B-VP
+, , O
+`` `` O
+most RBS B-NP
+corporate JJ I-NP
+bonds NNS I-NP
+are VBP B-VP
+callable JJ B-ADJP
+. . O
+'' '' O
+
+That DT B-NP
+means VBZ B-VP
+that IN B-SBAR
+a DT B-NP
+corporation NN I-NP
+, , O
+after IN B-SBAR
+a DT B-NP
+specified VBN I-NP
+amount NN I-NP
+of IN B-PP
+time NN B-NP
+has VBZ B-VP
+passed VBN I-VP
+, , O
+can MD B-VP
+buy VB I-VP
+back RB B-ADVP
+its PRP$ B-NP
+bonds NNS I-NP
+by IN B-PP
+paying VBG B-VP
+investors NNS B-NP
+the DT B-NP
+face NN I-NP
+value NN I-NP
+-LRB- ( O
+plus CC O
+, , O
+in IN B-PP
+some DT B-NP
+cases NNS I-NP
+, , O
+a DT B-NP
+sweetener NN I-NP
+-RRB- ) O
+. . O
+
+When WRB B-ADVP
+interest NN B-NP
+rates NNS I-NP
+have VBP B-VP
+dropped VBN I-VP
+, , O
+it PRP B-NP
+makes VBZ B-VP
+sense NN B-NP
+for IN B-SBAR
+corporations NNS B-NP
+to TO B-VP
+do VB I-VP
+just RB B-NP
+that IN I-NP
+; : O
+they PRP B-NP
+then RB B-ADVP
+save VBP B-VP
+on IN B-PP
+interest NN B-NP
+costs NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+investors NNS I-NP
+are VBP B-VP
+left VBN I-VP
+stranded VBN I-VP
+with IN B-PP
+money NN B-NP
+to TO B-VP
+reinvest VB I-VP
+at IN B-PP
+a DT B-NP
+time NN I-NP
+when WRB B-ADVP
+interest NN B-NP
+rates NNS I-NP
+are VBP B-VP
+puny JJ B-ADJP
+. . O
+
+If IN B-SBAR
+corporate JJ B-NP
+bonds NNS I-NP
+are VBP B-VP
+bad JJ B-ADJP
+in IN B-PP
+recessions NNS B-NP
+, , O
+junk NN B-NP
+bonds NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+the DT B-NP
+worst JJS I-NP
+of IN B-PP
+all DT B-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+an DT B-NP
+`` `` I-NP
+absolute JJ I-NP
+necessity NN I-NP
+'' '' O
+to TO B-VP
+get VB I-VP
+out IN B-PP
+of IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+when WRB B-ADVP
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+in IN B-PP
+the DT B-NP
+offing NN I-NP
+, , O
+says VBZ B-VP
+Avner NNP B-NP
+Arbel NNP I-NP
+, , O
+professor NN B-NP
+of IN B-PP
+finance NN B-NP
+at IN B-PP
+Cornell NNP B-NP
+University NNP I-NP
+. . O
+
+`` `` O
+Such JJ B-NP
+bonds NNS I-NP
+are VBP B-VP
+very RB B-ADJP
+sensitive JJ I-ADJP
+to TO B-PP
+the DT B-NP
+downside NN I-NP
+, , O
+and CC O
+this DT B-NP
+could MD B-VP
+be VB I-VP
+a DT B-NP
+disaster NN I-NP
+. . O
+'' '' O
+
+Municipal JJ B-NP
+bonds NNS I-NP
+are VBP B-VP
+generally RB B-ADVP
+a DT B-ADJP
+bit NN I-ADJP
+safer JJR I-ADJP
+than IN B-PP
+corporate JJ B-NP
+bonds NNS I-NP
+in IN B-PP
+a DT B-NP
+recession NN I-NP
+, , O
+but CC O
+not RB B-ADJP
+as RB I-ADJP
+safe JJ I-ADJP
+as IN B-PP
+bonds NNS B-NP
+issued VBN B-VP
+by IN B-PP
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+. . O
+
+During IN B-PP
+an DT B-NP
+economic JJ I-NP
+slump NN I-NP
+, , O
+local JJ B-NP
+tax NN I-NP
+revenues NNS I-NP
+often RB B-ADVP
+go VBP B-VP
+down RB B-ADVP
+, , O
+raising VBG B-VP
+the DT B-NP
+risks NNS I-NP
+associated VBN B-VP
+with IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+some DT B-NP
+municipals NNS I-NP
+. . O
+
+And CC O
+, , O
+like IN B-PP
+corporates NNS B-NP
+, , O
+many JJ B-NP
+municipal JJ I-NP
+bonds NNS I-NP
+are VBP B-VP
+callable JJ B-ADJP
+. . O
+
+But CC O
+a DT B-NP
+few JJ I-NP
+experts NNS I-NP
+, , O
+going VBG B-VP
+against IN B-PP
+the DT B-NP
+consensus NN I-NP
+, , O
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+bonds NNS B-NP
+would MD B-VP
+help VB I-VP
+investors NNS B-NP
+even RB B-SBAR
+if IN I-SBAR
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+in IN B-PP
+the DT B-NP
+offing NN I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+these DT B-NP
+is VBZ B-VP
+Jeffrey NNP B-NP
+L. NNP I-NP
+Beach NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+research NN B-NP
+for IN B-PP
+Underwood NNP B-NP
+Neuhaus NNP I-NP
+& CC O
+Co. NNP B-NP
+, , O
+a DT B-NP
+brokerage NN I-NP
+house NN I-NP
+in IN B-PP
+Houston NNP B-NP
+, , O
+who WP B-NP
+thinks VBZ B-VP
+that IN B-SBAR
+`` `` O
+we PRP B-NP
+'re VBP B-VP
+either DT O
+in NN B-PP
+a DT B-NP
+recession NN I-NP
+or CC O
+about IN B-ADJP
+to TO B-VP
+go VB I-VP
+into IN B-PP
+one CD B-NP
+. . O
+'' '' O
+
+What WP B-NP
+'s VBZ B-VP
+more JJR B-NP
+, , O
+he PRP B-NP
+thinks VBZ B-VP
+this DT B-NP
+could MD B-VP
+be VB I-VP
+a DT B-NP
+nastier JJR I-NP
+recession NN I-NP
+than IN B-PP
+usual JJ B-ADJP
+: : O
+`` `` O
+Once RB O
+the DT B-NP
+downturn NN I-NP
+comes VBZ B-VP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+very RB B-ADJP
+hard JJ I-ADJP
+to TO B-VP
+reverse VB I-VP
+. . O
+'' '' O
+
+Investors NNS B-NP
+, , O
+he PRP B-NP
+advises VBZ B-VP
+, , O
+`` `` O
+should MD B-VP
+be VB I-VP
+cautious JJ B-ADJP
+, , O
+'' '' O
+holding VBG B-VP
+fewer JJR B-NP
+stocks NNS I-NP
+than IN B-PP
+usual JJ B-ADJP
+and CC O
+also RB B-ADVP
+shunning VBG B-VP
+bonds NNS B-NP
+. . O
+
+Because IN B-SBAR
+he PRP B-NP
+sees VBZ B-VP
+a DT B-NP
+`` `` I-NP
+5 NN I-NP
+% NN I-NP
+to TO I-NP
+6 CD I-NP
+% NN I-NP
+base NN I-NP
+rate NN I-NP
+of IN B-PP
+inflation NN B-NP
+in IN B-PP
+the DT B-NP
+economy NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+doubts VBZ B-VP
+that IN B-SBAR
+interest NN B-NP
+rates NNS I-NP
+will MD B-VP
+fall VB I-VP
+much JJ B-ADVP
+any DT B-NP
+time NN I-NP
+soon RB B-ADVP
+. . O
+
+Instead RB B-ADVP
+, , O
+Mr. NNP B-NP
+Beach NNP I-NP
+says VBZ B-VP
+, , O
+investors NNS B-NP
+`` `` O
+probably RB B-ADVP
+should MD B-VP
+be VB I-VP
+carrying VBG I-VP
+a DT B-NP
+very RB I-NP
+high JJ I-NP
+level NN I-NP
+of IN B-PP
+cash NN B-NP
+, , O
+'' '' O
+by IN B-PP
+which WDT B-NP
+he PRP B-NP
+means VBZ B-VP
+such JJ B-NP
+so-called JJ I-NP
+cash NN I-NP
+equivalents NNS I-NP
+as IN B-PP
+money-market JJ B-NP
+funds NNS I-NP
+and CC O
+Treasury NNP B-NP
+bills NNS I-NP
+. . O
+
+Greg NNP B-NP
+Confair NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Sigma NNP B-NP
+Financial NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+Allentown NNP B-NP
+, , O
+Pa. NNP B-NP
+, , O
+also RB B-ADVP
+recommends VBZ B-VP
+that IN B-SBAR
+investors NNS B-NP
+go VBP B-VP
+heavily RB B-ADVP
+for IN B-PP
+cash NN B-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+n't RB O
+sure JJ B-ADJP
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+coming VBG I-VP
+, , O
+but CC O
+says VBZ B-VP
+the DT B-NP
+other JJ I-NP
+likely JJ I-NP
+alternative NN I-NP
+-- : O
+reignited VBD B-NP
+inflation NN I-NP
+-- : O
+is VBZ B-VP
+just RB B-ADJP
+as IN I-ADJP
+bad NN I-ADJP
+. . O
+
+`` `` O
+This DT B-ADVP
+late RB I-ADVP
+in IN B-PP
+an DT B-NP
+expansion NN I-NP
+, , O
+'' '' O
+the DT B-NP
+economy NN I-NP
+tends VBZ B-VP
+to TO I-VP
+veer VB I-VP
+off IN B-PRT
+either DT O
+into IN B-PP
+damaging JJ B-NP
+inflation NN I-NP
+or CC B-PP
+into IN B-PP
+a DT B-NP
+recession NN I-NP
+, , O
+Mr. NNP B-NP
+Confair NNP I-NP
+says VBZ B-VP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Board NNP I-NP
+'s POS B-NP
+plan NN I-NP
+for IN B-PP
+a DT B-NP
+`` `` I-NP
+soft JJ I-NP
+landing NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+requires VBZ B-VP
+the DT B-NP
+Fed NNP I-NP
+to TO B-VP
+navigate VB I-VP
+`` `` O
+an DT B-NP
+ever-narrowing JJ I-NP
+corridor NN I-NP
+. . O
+'' '' O
+
+A DT B-NP
+soft JJ I-NP
+landing NN I-NP
+is VBZ B-VP
+n't RB O
+something NN B-NP
+that WDT B-NP
+can MD B-VP
+be VB I-VP
+achieved VBN I-VP
+once RB B-ADVP
+and CC B-ADVP
+for IN B-PP
+all DT B-NP
+, , O
+Mr. NNP B-NP
+Confair NNP I-NP
+adds VBZ B-VP
+. . O
+
+It PRP B-NP
+has VBZ B-VP
+to TO I-VP
+be VB I-VP
+engineered VBN I-VP
+over IN B-ADVP
+and CC I-ADVP
+over IN I-ADVP
+again RB I-ADVP
+, , O
+month NN B-NP
+after IN B-PP
+month NN B-NP
+. . O
+
+He PRP B-NP
+believes VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+task NN I-NP
+facing VBG B-VP
+Fed NNP B-NP
+Chairman NNP I-NP
+Alan NNP I-NP
+Greenspan NNP I-NP
+is VBZ B-VP
+so RB B-ADJP
+difficult JJ I-ADJP
+that IN B-SBAR
+it PRP B-NP
+resembles VBZ B-VP
+`` `` O
+juggling VBG B-VP
+a DT B-NP
+double-bladed JJ I-NP
+ax NN I-NP
+and CC O
+a DT B-NP
+buzz NN I-NP
+saw VBD I-NP
+. . O
+'' '' O
+
+And CC O
+, , O
+in IN B-PP
+a DT B-NP
+sense NN I-NP
+, , O
+that DT B-NP
+'s VBZ B-VP
+the DT B-NP
+kind NN I-NP
+of IN B-PP
+task NN B-NP
+individuals NNS B-NP
+face VBP B-VP
+in IN B-PP
+deciding VBG B-VP
+what WP B-NP
+to TO B-VP
+do VB I-VP
+about IN B-PP
+stocks NNS B-NP
+-- : O
+the DT B-NP
+mainstay NN I-NP
+of IN B-PP
+most RBS B-NP
+serious JJ I-NP
+investors NNS I-NP
+' POS B-NP
+portfolios NNS I-NP
+. . O
+
+It PRP B-NP
+comes VBZ B-VP
+down RB B-ADVP
+to TO B-PP
+a DT B-NP
+question NN I-NP
+of IN B-PP
+whether IN B-SBAR
+to TO B-VP
+try VB I-VP
+to TO I-VP
+`` `` I-VP
+time NN I-VP
+'' '' O
+the DT B-NP
+market NN I-NP
+. . O
+
+For IN B-PP
+people NNS B-NP
+who WP B-NP
+can MD B-VP
+ride VB I-VP
+out RP B-PRT
+market NN B-NP
+waves NNS I-NP
+through IN B-PP
+good JJ B-NP
+times NNS I-NP
+and CC O
+bad JJ B-NP
+, , O
+stocks NNS B-NP
+have VBP B-VP
+been VBN I-VP
+rewarding JJ B-NP
+long-term JJ I-NP
+investments NNS I-NP
+. . O
+
+Most JJS B-NP
+studies NNS I-NP
+show VBP B-VP
+that IN B-SBAR
+buy-and-hold JJ B-NP
+investors NNS I-NP
+historically RB B-ADVP
+have VBP B-VP
+earned VBN I-VP
+an DT B-NP
+annual JJ I-NP
+return NN I-NP
+from IN B-PP
+stocks NNS B-NP
+of IN B-PP
+9 CD B-NP
+% NN I-NP
+to TO I-NP
+10 CD I-NP
+% NN I-NP
+, , O
+including VBG B-PP
+both DT B-NP
+dividends NNS I-NP
+and CC I-NP
+price NN I-NP
+appreciation NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+well RB B-ADVP
+above IN B-PP
+what WP B-NP
+bonds NNS B-NP
+or CC I-NP
+bank NN I-NP
+certificates NNS I-NP
+have VBP B-VP
+paid VBN I-VP
+. . O
+
+Moreover RB B-ADVP
+, , O
+because IN B-SBAR
+no DT B-NP
+one CD I-NP
+knows VBZ B-VP
+for IN B-PP
+sure JJ B-ADJP
+just RB B-ADVP
+when WRB B-ADVP
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+coming VBG I-VP
+, , O
+some DT B-NP
+analysts NNS I-NP
+think VBP B-VP
+investors NNS B-NP
+should MD B-VP
+n't RB I-VP
+even RB I-VP
+worry VB I-VP
+too RB B-ADVP
+much JJ I-ADVP
+about IN B-PP
+timing NN B-NP
+. . O
+
+`` `` O
+Trying VBG B-VP
+to TO I-VP
+time VB I-VP
+the DT B-NP
+economy NN I-NP
+is VBZ B-VP
+a DT B-NP
+mistake NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+David NNP B-NP
+Katz NNP I-NP
+, , O
+chief JJ B-NP
+investment NN I-NP
+officer NN I-NP
+of IN B-PP
+Value NNP B-NP
+Matrix NNP I-NP
+Management NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Katz NNP I-NP
+notes VBZ B-VP
+that IN B-SBAR
+some DT B-NP
+economists NNS I-NP
+have VBP B-VP
+been VBN I-VP
+predicting VBG I-VP
+a DT B-NP
+recession NN I-NP
+for IN B-PP
+at IN B-NP
+least JJS I-NP
+two CD I-NP
+years NNS I-NP
+. . O
+
+Investors NNS B-NP
+who WP B-NP
+listened VBD B-VP
+, , O
+and CC O
+lightened VBD B-VP
+up IN B-PRT
+on IN B-PP
+stocks NNS B-NP
+, , O
+`` `` O
+have VBP B-VP
+just RB I-VP
+hurt VBN I-VP
+themselves PRP B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Mr. NNP B-NP
+Katz NNP I-NP
+adds VBZ B-VP
+that IN B-SBAR
+people NNS B-NP
+who WP B-NP
+jump VBP B-VP
+in IN B-PP
+and CC B-PP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+need NN B-VP
+to TO I-VP
+be VB I-VP
+right NN B-ADJP
+about IN B-NP
+70 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+time NN I-NP
+to TO B-VP
+beat VB I-VP
+a DT B-NP
+buy-and-hold JJ I-NP
+strategy NN I-NP
+. . O
+
+Frequent JJ B-NP
+trading NN I-NP
+runs VBZ I-NP
+up IN O
+high JJ B-NP
+commission NN I-NP
+costs NNS I-NP
+. . O
+
+And CC O
+the DT B-NP
+in-and-outer NN I-NP
+might MD B-VP
+miss VB I-VP
+the DT B-NP
+sudden JJ I-NP
+spurts NNS I-NP
+that WDT B-NP
+account VBP B-VP
+for IN B-PP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+'s POS B-NP
+gains NNS I-NP
+over IN B-PP
+time NN B-NP
+. . O
+
+Still RB B-ADVP
+, , O
+few JJ B-NP
+investors NNS I-NP
+are VBP B-VP
+able JJ B-ADJP
+to TO B-VP
+sit VB I-VP
+tight JJ B-ADVP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+convinced VBN B-ADJP
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+coming VBG I-VP
+. . O
+
+After IN B-PP
+all DT B-NP
+, , O
+in IN B-PP
+all DT B-NP
+five CD I-NP
+recessions NNS I-NP
+since IN B-PP
+1960 CD B-NP
+, , O
+stocks NNS B-NP
+declined VBD B-VP
+. . O
+
+According VBG B-PP
+to TO B-PP
+Ned NNP B-NP
+Davis NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Ned NNP B-NP
+Davis NNP I-NP
+Research NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+Nokomis NNP B-NP
+, , O
+Fla. NNP B-NP
+, , O
+the DT B-NP
+average JJ I-NP
+drop NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+was VBD B-VP
+about IN B-NP
+21 CD I-NP
+% NN I-NP
+, , O
+and CC O
+the DT B-NP
+decrease NN I-NP
+began VBD B-VP
+an DT B-NP
+average NN I-NP
+of IN B-PP
+six CD B-NP
+months NNS I-NP
+before IN B-SBAR
+a DT B-NP
+recession NN I-NP
+officially RB B-ADVP
+started VBD B-VP
+. . O
+
+By IN B-PP
+the DT B-NP
+time NN I-NP
+a DT B-NP
+recession NN I-NP
+is VBZ B-VP
+`` `` O
+official NN B-ADJP
+'' '' O
+-LRB- ( O
+two CD B-NP
+consecutive JJ I-NP
+quarters NNS I-NP
+of IN B-PP
+declining VBG B-NP
+gross JJ I-NP
+national JJ I-NP
+product NN I-NP
+-RRB- ) O
+, , O
+much NN B-NP
+of IN B-PP
+the DT B-NP
+damage NN I-NP
+to TO B-PP
+stocks NNS B-NP
+has VBZ B-VP
+already RB I-VP
+been VBN I-VP
+done VBN I-VP
+- : O
+and CC O
+, , O
+in IN B-PP
+the DT B-NP
+typical JJ I-NP
+case NN I-NP
+, , O
+the DT B-NP
+recession NN I-NP
+is VBZ B-VP
+already RB B-ADVP
+half NN B-ADJP
+over RB I-ADJP
+. . O
+
+About IN B-NP
+six CD I-NP
+months NNS I-NP
+before IN B-SBAR
+a DT B-NP
+recession NN I-NP
+ends NNS B-VP
+, , O
+stocks NNS B-NP
+typically RB B-ADVP
+begin VBP B-VP
+to TO I-VP
+rise VB I-VP
+again RB B-ADVP
+, , O
+as IN B-SBAR
+investors NNS B-NP
+anticipate VBP B-VP
+a DT B-NP
+recovery NN I-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+recession NN I-NP
+lasts VBZ B-VP
+about IN B-NP
+a DT I-NP
+year NN I-NP
+. . O
+
+Unfortunately RB B-ADVP
+, , O
+though RB B-ADVP
+, , O
+recessions NNS B-NP
+vary VBP B-VP
+enough RB B-ADVP
+in IN B-PP
+length NN B-NP
+so RB B-SBAR
+that IN I-SBAR
+the DT B-NP
+average JJ I-NP
+ca MD B-VP
+n't RB I-VP
+reliably RB I-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+guide VB I-VP
+investors NNS B-NP
+in IN B-PP
+timing NN B-VP
+stock NN B-NP
+sales NNS I-NP
+or CC I-NP
+purchases NNS I-NP
+. . O
+
+But CC O
+whatever WDT B-NP
+their PRP$ I-NP
+advice NN I-NP
+about IN B-PP
+timing NN B-NP
+, , O
+none NN B-NP
+of IN B-PP
+these DT B-NP
+experts NNS I-NP
+recommend VBP B-VP
+jettisoning VBG I-VP
+stocks NNS B-NP
+entirely RB B-ADVP
+during IN B-PP
+a DT B-NP
+recession NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+portion NN I-NP
+of IN B-PP
+an DT B-NP
+investor NN I-NP
+'s POS B-NP
+portfolio NN I-NP
+that WDT B-NP
+stays VBZ B-VP
+in IN B-PP
+stocks NNS B-NP
+, , O
+professionals NNS B-NP
+have VBP B-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+suggestions NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Katz NNP I-NP
+advocates VBZ B-VP
+issues NNS B-NP
+with IN B-PP
+low JJ B-NP
+price-earnings JJ I-NP
+ratios NNS I-NP
+-- : O
+that DT B-NP
+is VBZ B-VP
+, , O
+low JJ B-NP
+prices NNS I-NP
+in IN B-PP
+relation NN B-NP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+earnings NNS I-NP
+per IN B-PP
+share NN B-NP
+. . O
+
+`` `` B-NP
+Low NNP I-NP
+P-E NNP I-NP
+'' '' I-NP
+stocks NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+vastly RB B-ADVP
+outperform VB B-VP
+others NNS B-NP
+`` `` O
+during IN B-PP
+a DT B-NP
+recession NN I-NP
+or CC I-NP
+bear VB I-NP
+market NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+good JJ B-NP
+times NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+they PRP B-NP
+lag VBP B-VP
+a DT B-NP
+bit NN I-NP
+, , O
+but CC O
+overall JJ B-ADVP
+they PRP B-NP
+provide VBP B-VP
+superior JJ B-NP
+performance NN I-NP
+. . O
+
+Prof. NNP B-NP
+Arbel NNP I-NP
+urges VBZ B-VP
+investors NNS B-NP
+to TO B-VP
+discard VB I-VP
+stocks NNS B-NP
+in IN B-PP
+small JJ B-NP
+companies NNS I-NP
+. . O
+
+Small-company JJ B-NP
+shares NNS I-NP
+typically RB B-ADVP
+fall VBP B-VP
+more JJR B-ADVP
+than IN B-PP
+big-company JJ B-NP
+stocks NNS I-NP
+in IN B-PP
+a DT B-NP
+recession NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+And CC O
+in IN B-PP
+any DT B-NP
+case NN I-NP
+, , O
+he PRP B-NP
+argues VBZ B-VP
+, , O
+stocks VBZ B-NP
+of IN B-PP
+small JJ B-NP
+companies NNS I-NP
+are VBP B-VP
+`` `` O
+almost RB B-ADJP
+as RB I-ADJP
+overpriced VBN I-ADJP
+as IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+Sept. NNP B-NP
+30 CD I-NP
+, , I-NP
+1987 CD I-NP
+, , O
+just RB B-ADVP
+before IN B-PP
+the DT B-NP
+crash NN I-NP
+. . O
+'' '' O
+
+For IN B-PP
+example NN B-NP
+, , O
+Mr. NNP B-NP
+Arbel NNP I-NP
+says VBZ B-VP
+, , O
+stocks VBZ B-NP
+of IN B-PP
+small JJ B-NP
+companies NNS I-NP
+are VBP B-VP
+selling VBG I-VP
+for IN B-PP
+about IN B-NP
+19 CD I-NP
+times NNS I-NP
+cash NN I-NP
+flow NN I-NP
+. . O
+
+-LRB- ( O
+Cash NNP B-NP
+flow NN I-NP
+, , O
+basically RB B-ADVP
+earnings NNS B-NP
+plus CC I-NP
+depreciation NN I-NP
+, , O
+is VBZ B-VP
+one CD B-NP
+common JJ I-NP
+gauge NN I-NP
+of IN B-PP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+financial JJ I-NP
+health NN I-NP
+. . O
+-RRB- ) O
+
+That DT B-NP
+ratio NN I-NP
+is VBZ B-VP
+dangerously RB B-ADVP
+close RB I-ADVP
+to TO B-PP
+the DT B-NP
+ratio NN I-NP
+of IN B-PP
+19.7 CD B-NP
+that WDT B-NP
+prevailed VBD B-VP
+before IN B-PP
+the DT B-NP
+1987 CD I-NP
+stock-market NN I-NP
+crash NN I-NP
+, , O
+Mr. NNP B-NP
+Arbel NNP I-NP
+says VBZ B-VP
+. . O
+
+And CC O
+it PRP B-NP
+'s VBZ B-VP
+way NN B-NP
+above IN B-PP
+the DT B-NP
+ratio NN I-NP
+-LRB- ( O
+7.5 CD B-NP
+times NNS I-NP
+cash NN I-NP
+flow NN I-NP
+-RRB- ) O
+that IN B-NP
+bigger JJR B-NP
+companies NNS I-NP
+are VBP B-VP
+selling VBG I-VP
+for RB B-PP
+. . O
+
+Another DT B-NP
+major JJ I-NP
+trick NN I-NP
+in IN B-PP
+making VBG B-VP
+a DT B-NP
+portfolio NN I-NP
+recession-resistant JJ B-ADJP
+is VBZ B-VP
+choosing VBG I-VP
+stocks NNS B-NP
+in IN B-PP
+`` `` B-NP
+defensive JJ I-NP
+'' '' I-NP
+industries NNS I-NP
+. . O
+
+Food NNP B-NP
+, , I-NP
+tobacco NN I-NP
+, , I-NP
+drugs NNS I-NP
+and CC I-NP
+utilities NNS I-NP
+are VBP B-VP
+the DT B-NP
+classic JJ I-NP
+examples NNS I-NP
+. . O
+
+Recession NN B-NP
+or CC I-NP
+not RB I-NP
+, , O
+people NNS B-NP
+still RB B-ADVP
+eat VBP B-VP
+, , O
+smoke NN B-VP
+, , O
+and CC O
+take VB B-VP
+medicine NN B-NP
+when WRB B-ADVP
+they PRP B-NP
+'re VBP B-VP
+sick JJ B-ADJP
+. . O
+
+George NNP B-NP
+Putnam NNP I-NP
+III NNP I-NP
+, , O
+editor NN B-NP
+of IN B-PP
+Turnaround NNP B-NP
+Letter NNP I-NP
+in IN B-PP
+Boston NNP B-NP
+, , O
+offers VBZ B-VP
+one CD B-NP
+final JJ I-NP
+tip NN I-NP
+for IN B-PP
+recession-wary JJ B-NP
+investors NNS I-NP
+. . O
+
+`` `` O
+Keep VB B-VP
+some DT B-NP
+money NN I-NP
+available JJ B-ADJP
+for IN B-PP
+opportunities NNS B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+If IN B-SBAR
+the DT B-NP
+recession NN I-NP
+does VBZ B-VP
+hit VBN I-VP
+, , O
+there EX B-NP
+will MD B-VP
+be VB I-VP
+some DT B-NP
+great JJ I-NP
+investment NN I-NP
+opportunities NNS I-NP
+just RB B-ADVP
+when WRB B-ADVP
+things NNS B-NP
+seem VBP B-VP
+the DT B-NP
+blackest JJS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Dorfman NNP I-NP
+covers VBZ B-VP
+investing VBG B-NP
+issues NNS I-NP
+from IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+New NNP I-NP
+York NNP I-NP
+bureau NN I-NP
+. . O
+
+Some DT B-NP
+industry NN I-NP
+groups NNS I-NP
+consistently RB B-ADVP
+weather VBP B-VP
+the DT B-NP
+storm NN I-NP
+better JJR B-ADVP
+than IN B-PP
+others NNS B-NP
+. . O
+
+The DT B-NP
+following VBG I-NP
+shows VBZ B-VP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+times VBZ B-NP
+these DT B-NP
+industries NNS I-NP
+outperformed VBD B-VP
+the DT O
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+500-Stock NNP I-NP
+Index NNP I-NP
+during IN B-PP
+the DT B-NP
+first JJ I-NP
+six CD I-NP
+months NNS I-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+seven CD I-NP
+recessions NNS I-NP
+. . O
+
+Bond NN B-NP
+prices NNS I-NP
+posted VBD B-VP
+strong JJ B-NP
+gains NNS I-NP
+as IN B-SBAR
+investors NNS B-NP
+went VBD B-VP
+on IN B-PP
+a DT B-NP
+bargain NN I-NP
+hunt NN I-NP
+. . O
+
+But CC O
+while IN B-SBAR
+the DT B-NP
+overall JJ I-NP
+market NN I-NP
+improved VBN B-VP
+, , O
+the DT B-NP
+new-issue JJ I-NP
+junk-bond NN I-NP
+market NN I-NP
+continued VBD B-VP
+to TO I-VP
+count VB I-VP
+casualties NNS B-NP
+, , O
+even RB B-SBAR
+as IN I-SBAR
+junk-bond NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+. . O
+
+Yesterday NN B-NP
+, , O
+Prudential-Bache NNP B-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+postponed VBD B-VP
+a DT B-NP
+$ $ I-NP
+220 CD I-NP
+million CD I-NP
+senior JJ I-NP
+subordinated VBN I-NP
+debenture NN I-NP
+offering NN I-NP
+by IN B-PP
+York NNP B-NP
+International NNP I-NP
+Corp NNP I-NP
+. . O
+
+And CC O
+Donaldson NNP B-NP
+, , I-NP
+Lufkin NNP I-NP
+& CC I-NP
+Jenrette NNP I-NP
+Securities NNP I-NP
+Corp. NNP I-NP
+scrambled VBD B-VP
+to TO I-VP
+restructure VB I-VP
+and CC O
+improve VB B-VP
+the DT B-NP
+potential JJ I-NP
+returns NNS I-NP
+on IN B-PP
+a DT B-NP
+$ $ I-NP
+475 CD I-NP
+million CD I-NP
+debenture NN I-NP
+offering NN I-NP
+by IN B-PP
+Chicago NNP B-NP
+& CC I-NP
+North NNP I-NP
+Western NNP I-NP
+Acquisition NNP I-NP
+Corp. NNP I-NP
+that WDT B-NP
+was VBD B-VP
+still RB I-VP
+being VBG I-VP
+negotiated VBN I-VP
+late JJ B-NP
+last JJ I-NP
+night NN I-NP
+. . O
+
+The DT B-NP
+issue NN I-NP
+by IN B-PP
+Chicago NNP B-NP
+& CC I-NP
+North NNP I-NP
+Western NN I-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+so-called JJ I-NP
+good JJ I-NP
+junk-bond NN I-NP
+offerings NNS I-NP
+on IN B-PP
+the DT B-NP
+new-issue JJ I-NP
+calendar NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+said VBD B-VP
+the DT B-NP
+restructuring NN I-NP
+of IN B-PP
+the DT B-NP
+railroad NN I-NP
+concern NN I-NP
+'s POS B-NP
+issue NN I-NP
+shows VBZ B-VP
+how WRB B-ADJP
+tough JJ I-ADJP
+it PRP B-NP
+is VBZ B-VP
+for IN B-SBAR
+underwriters NNS B-NP
+to TO B-VP
+sell VB I-VP
+even RB B-ADVP
+the DT B-NP
+junk NN I-NP
+bonds NNS I-NP
+of IN B-PP
+a DT B-NP
+company NN I-NP
+considered VBN B-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+relatively RB I-NP
+good JJ I-NP
+credit NN I-NP
+risk NN I-NP
+. . O
+
+Since IN B-PP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+junk-bond NN I-NP
+market NN I-NP
+debacle NN I-NP
+, , O
+many JJ B-NP
+new JJ I-NP
+issues NNS I-NP
+of IN B-PP
+high-yield JJ B-NP
+, , I-NP
+high-risk JJ I-NP
+corporate JJ I-NP
+bonds NNS I-NP
+have VBP B-VP
+either DT I-VP
+been VBN I-VP
+scaled VBN I-VP
+back RB B-PRT
+, , O
+delayed VBN B-VP
+or CC O
+dropped VBD B-VP
+. . O
+
+On IN B-PP
+Wednesday NNP B-NP
+, , O
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc. NNP I-NP
+had VBD B-VP
+to TO I-VP
+slash VB I-VP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+Continental NNP B-NP
+Airlines NNPS I-NP
+' POS B-NP
+junk-bond NN I-NP
+offering NN I-NP
+to TO B-PP
+$ $ B-NP
+71 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+. . O
+
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc. NNP I-NP
+has VBZ B-VP
+delayed VBN I-VP
+Grand NNP B-NP
+Union NNP I-NP
+Co. NNP I-NP
+'s POS B-NP
+$ $ B-ADJP
+1.16 CD O
+billion CD O
+junk-bond NN B-NP
+offering NN I-NP
+while IN B-SBAR
+it PRP B-NP
+restructures VBZ B-VP
+the DT B-NP
+transaction NN I-NP
+. . O
+
+Last JJ B-NP
+week NN I-NP
+, , O
+the DT B-NP
+Grand NNP I-NP
+Union NNP I-NP
+offering NN I-NP
+was VBD B-VP
+sweetened VBN I-VP
+to TO B-VP
+include VB I-VP
+warrants NNS B-NP
+that WDT B-NP
+allow VBP B-VP
+bondholders NNS B-NP
+to TO B-VP
+acquire VB I-VP
+common JJ B-NP
+stock NN I-NP
+. . O
+
+Prudential-Bache NNP B-NP
+said VBD B-VP
+the DT B-NP
+York NNP I-NP
+issue NN I-NP
+was VBD B-VP
+delayed VBN I-VP
+because IN B-PP
+of IN I-PP
+market NN B-NP
+conditions NNS I-NP
+. . O
+
+`` `` O
+Everything NN B-NP
+is VBZ B-VP
+going VBG I-VP
+through IN B-PP
+firehoops NNS B-NP
+right RB B-ADVP
+now RB I-ADVP
+, , O
+and CC O
+-LCB- ( O
+Chicago NNP B-NP
+& CC I-NP
+North NNP I-NP
+Western JJ I-NP
+-RCB- ) O
+is VBZ B-VP
+no DT B-NP
+exception NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Mariel NNP B-NP
+Clemensen NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+, , O
+high-yield JJ B-NP
+research NN I-NP
+, , O
+at IN B-PP
+Citicorp NNP B-NP
+. . O
+
+Portfolio NN B-NP
+managers NNS I-NP
+say VBP B-VP
+sweeteners NNS B-NP
+like IN B-PP
+equity NN B-NP
+kickers NNS I-NP
+and CC O
+stricter JJR B-NP
+protective JJ I-NP
+covenants NNS I-NP
+may MD B-VP
+increasingly RB I-VP
+be VB I-VP
+required VBN I-VP
+to TO B-VP
+sell VB I-VP
+junk-bond NN B-NP
+deals NNS I-NP
+. . O
+
+Dan NNP B-NP
+Baldwin NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+of IN B-PP
+high-yield JJ B-NP
+investments NNS I-NP
+at IN B-PP
+Chancellor NNP B-NP
+Capital NNP I-NP
+Management NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+Chicago NNP I-NP
+& CC I-NP
+North NNP I-NP
+Western JJ I-NP
+offering NN I-NP
+was VBD B-VP
+restructured VBN I-VP
+in IN B-PP
+part NN B-NP
+because IN B-SBAR
+`` `` O
+several JJ B-NP
+large JJ I-NP
+insurance NN I-NP
+buyers NNS I-NP
+right RB B-ADVP
+now RB I-ADVP
+are VBP B-VP
+demanding VBG I-VP
+equity NN B-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+package NN I-NP
+. . O
+
+If IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+take VB I-VP
+the DT B-NP
+risk NN I-NP
+in IN B-PP
+this DT B-NP
+market NN I-NP
+, , O
+you PRP B-NP
+want VBP B-VP
+something NN B-NP
+extra JJ B-ADJP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Baldwin NNP I-NP
+likes VBZ B-VP
+the DT B-NP
+offering NN I-NP
+. . O
+
+But CC O
+several JJ B-NP
+mutual-fund JJ I-NP
+managers NNS I-NP
+, , O
+nervous JJ B-ADJP
+about IN B-PP
+the DT B-NP
+deteriorating VBG I-NP
+quality NN I-NP
+of IN B-PP
+their PRP$ B-NP
+junk-bond NN I-NP
+portfolios NNS I-NP
+and CC O
+shy JJ B-ADJP
+about IN B-PP
+buying VBG B-VP
+new JJ B-NP
+issues NNS I-NP
+, , O
+said VBD B-VP
+they PRP B-NP
+'re VBP B-VP
+staying VBG I-VP
+away RB B-ADVP
+from IN B-PP
+any DT B-NP
+junk NN I-NP
+security NN I-NP
+that WDT B-NP
+is VBZ B-VP
+n't RB I-VP
+considered VBN I-VP
+first JJ B-ADJP
+rate NN I-ADJP
+for IN B-PP
+its PRP$ B-NP
+class NN I-NP
+. . O
+
+While IN B-SBAR
+they PRP B-NP
+consider VBP B-VP
+the DT B-NP
+Chicago NNP I-NP
+& CC I-NP
+North NNP I-NP
+Western JJ I-NP
+issue NN I-NP
+to TO B-VP
+be VB I-VP
+good JJ B-ADJP
+, , O
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+view VB I-VP
+it PRP B-NP
+as IN B-PP
+the DT B-NP
+best JJS I-NP
+. . O
+
+To TO B-VP
+lure VB I-VP
+buyers NNS B-NP
+to TO B-PP
+the DT B-NP
+Chicago NNP I-NP
+& CC I-NP
+North NNP I-NP
+Western JJ I-NP
+bonds NNS I-NP
+, , O
+portfolio NN B-NP
+managers NNS I-NP
+said VBD B-VP
+Donaldson NNP B-NP
+Lufkin NNP I-NP
+sweetened VBD B-VP
+the DT B-NP
+transaction NN I-NP
+by IN B-PP
+offering VBG B-VP
+the DT B-NP
+bonds NNS I-NP
+with IN B-PP
+a DT B-NP
+resettable JJ I-NP
+interest NN I-NP
+rate NN I-NP
+and CC O
+a DT B-NP
+10 CD I-NP
+% NN I-NP
+equity NN I-NP
+kicker NN I-NP
+. . O
+
+The DT B-NP
+bonds NNS I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+have VB I-VP
+a DT B-NP
+14 CD I-NP
+1\/2 CD I-NP
+% NN I-NP
+coupon NN I-NP
+rate NN I-NP
+. . O
+
+The DT B-NP
+equity NN I-NP
+arrangement NN I-NP
+apparently RB B-ADVP
+would MD B-VP
+allow VB I-VP
+bondholders NNS B-NP
+to TO B-VP
+buy VB I-VP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+10 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+of IN B-PP
+CNW NNP B-NP
+Corp. NNP I-NP
+, , O
+Chicago NNP B-NP
+& CC I-NP
+North NNP I-NP
+Western NN I-NP
+'s POS B-NP
+parent NN I-NP
+company NN I-NP
+. . O
+
+Donaldson NNP B-NP
+Lufkin NNP I-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+the DT B-NP
+restructuring NN I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+some DT B-NP
+analysts NNS I-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+negotiations NNS I-NP
+, , O
+the DT B-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+equity NN B-NP
+would MD B-VP
+come VB I-VP
+directly RB B-ADVP
+from IN B-PP
+Donaldson NNP B-NP
+Lufkin NNP I-NP
+and CC O
+a DT B-NP
+fund NN I-NP
+affiliated VBN B-VP
+with IN B-PP
+the DT B-NP
+investment NN I-NP
+bank NN I-NP
+Blackstone NNP I-NP
+Group NNP I-NP
+, , O
+which WDT B-NP
+would MD B-VP
+reduce VB I-VP
+their PRP$ B-NP
+CNW NNP I-NP
+equity NN I-NP
+holdings NNS I-NP
+by IN B-PP
+5 NN B-NP
+% NN I-NP
+each DT B-NP
+. . O
+
+That DT B-NP
+would MD B-VP
+leave VB I-VP
+the DT B-NP
+Blackstone NNP I-NP
+fund NN I-NP
+with IN B-PP
+a DT B-NP
+60 CD I-NP
+% NN I-NP
+stake NN I-NP
+and CC O
+Donaldson NNP B-NP
+Lufkin NNP I-NP
+with IN B-PP
+15 CD B-NP
+% NN I-NP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+problems NNS I-NP
+with IN B-PP
+new JJ B-NP
+issues NNS I-NP
+, , O
+high-yield JJ B-NP
+bonds NNS I-NP
+showed VBD B-VP
+gains NNS B-NP
+in IN B-PP
+the DT B-NP
+secondary JJ I-NP
+, , I-NP
+or CC I-NP
+resell VB I-NP
+, , I-NP
+market NN I-NP
+. . O
+
+Junk NN B-NP
+bonds NNS I-NP
+ended VBD B-VP
+about IN B-NP
+one-half NN I-NP
+point NN I-NP
+higher JJR B-ADVP
+with IN B-PP
+so-called JJ B-NP
+high-quality JJ I-NP
+issues NNS I-NP
+from IN B-PP
+RJR NNP B-NP
+Capital NNP I-NP
+Holdings NNP I-NP
+Corp. NNP I-NP
+and CC O
+Petrolane NNP B-NP
+Gas NNP I-NP
+Service NNP I-NP
+Limited NNP I-NP
+Partnership NNP I-NP
+rising VBG B-VP
+one CD B-NP
+point NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+market NN I-NP
+, , O
+the DT B-NP
+benchmark NN I-NP
+30-year JJ I-NP
+bond NN I-NP
+rose VBD B-VP
+seven-eighths NNS B-NP
+point VBP I-NP
+, , O
+or CC O
+$ $ B-NP
+8.75 CD I-NP
+for IN B-PP
+each DT B-NP
+$ $ I-NP
+1,000 CD I-NP
+face NN I-NP
+amount NN I-NP
+. . O
+
+The DT B-NP
+gain NN I-NP
+reflects VBZ B-VP
+fresh JJ B-NP
+economic JJ I-NP
+evidence NN I-NP
+that DT O
+inflation NN B-NP
+is VBZ B-VP
+moderating VBG I-VP
+while IN B-SBAR
+the DT B-NP
+economy NN I-NP
+slows NNS B-VP
+. . O
+
+That DT B-NP
+raised VBN B-VP
+hopes VBZ B-NP
+that IN B-SBAR
+interest NN B-NP
+rates NNS I-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+move VB I-VP
+lower JJR B-ADVP
+. . O
+
+The DT B-NP
+Labor NNP I-NP
+Department NNP I-NP
+reported VBD B-VP
+that IN B-SBAR
+consumer NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+just RB B-NP
+0.2 CD I-NP
+% NN I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+slightly RB B-ADVP
+lower JJR I-ADVP
+than IN B-SBAR
+some DT B-NP
+economists NNS I-NP
+had VBD B-VP
+expected VBN I-VP
+. . O
+
+But CC O
+there EX B-NP
+were VBD B-VP
+also RB B-ADVP
+rumors VBZ B-NP
+yesterday NN B-NP
+that IN B-SBAR
+several JJ B-NP
+Japanese JJ I-NP
+institutional JJ I-NP
+investors NNS I-NP
+were VBD B-VP
+shifting VBG I-VP
+their PRP$ B-NP
+portfolios NNS I-NP
+and CC O
+buying VBG B-VP
+long-term JJ B-NP
+bonds NNS I-NP
+while IN B-SBAR
+selling VBG B-VP
+shorter-term JJ B-NP
+Treasurys NNPS I-NP
+. . O
+
+Short-term NNP B-NP
+Treasury NNP I-NP
+securities NNS I-NP
+ended VBD B-VP
+narrowly RB B-ADJP
+mixed VBN I-ADJP
+, , O
+with IN B-PP
+two-year JJ B-NP
+notes NNS I-NP
+posting VBG B-VP
+slight JJ B-NP
+declines NNS I-NP
+while IN B-SBAR
+three-year JJ B-NP
+notes NNS I-NP
+were VBD B-VP
+slightly RB B-ADJP
+higher JJR I-ADJP
+. . O
+
+Yesterday NN B-NP
+, , O
+the DT B-NP
+Fed NNP I-NP
+executed VBD B-VP
+four-day JJ B-NP
+matched VBN I-NP
+sales NNS I-NP
+, , O
+a DT B-NP
+technical JJ I-NP
+trading NN I-NP
+operation NN I-NP
+designed VBN B-VP
+to TO I-VP
+drain VB I-VP
+reserves NNS B-NP
+from IN B-PP
+the DT B-NP
+banking NN I-NP
+system NN I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+was VBD B-VP
+interpreted VBN I-VP
+by IN B-PP
+some DT B-NP
+economists NNS I-NP
+as IN B-PP
+a DT B-NP
+sign NN I-NP
+that IN B-SBAR
+the DT B-NP
+Fed NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+want VB I-VP
+the DT B-NP
+federal JJ I-NP
+funds NNS I-NP
+rate NN I-NP
+to TO B-VP
+move VB I-VP
+any DT B-ADVP
+lower JJR I-ADVP
+than IN B-PP
+the DT B-NP
+8 CD I-NP
+3\/4 CD I-NP
+% NN I-NP
+at IN B-PP
+which WDT B-NP
+it PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+hovering VBG I-VP
+around IN B-PP
+during IN B-PP
+the DT B-NP
+past JJ I-NP
+week NN I-NP
+. . O
+
+The DT B-NP
+closely RB I-NP
+watched VBN I-NP
+funds NNS I-NP
+rate NN I-NP
+is VBZ B-VP
+what WP B-NP
+banks VBZ B-NP
+charge VBP B-VP
+each DT B-NP
+other NN I-NP
+on IN B-PP
+overnight JJ B-NP
+loans NNS I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+considered VBN I-VP
+an DT B-NP
+early JJ I-NP
+signal NN I-NP
+of IN B-PP
+Fed NNP B-NP
+credit NN I-NP
+policy NN I-NP
+changes NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+fact NN I-NP
+that IN B-SBAR
+they PRP B-NP
+did VBD B-VP
+four-day JJ B-NP
+matched VBN I-NP
+sales NNS I-NP
+means VBZ B-VP
+they PRP B-NP
+are VBP B-VP
+not RB O
+in IN B-PP
+a DT B-NP
+mood NN I-NP
+to TO B-VP
+ease VB I-VP
+aggressively RB B-ADVP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+telling VBG I-VP
+us PRP B-NP
+that IN B-SBAR
+-LCB- ( O
+8 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+-RCB- ) O
+is VBZ B-VP
+as RB B-ADVP
+low JJ I-ADVP
+as IN B-SBAR
+they PRP B-NP
+want VBP B-VP
+to TO I-VP
+see VB I-VP
+the DT B-NP
+fed VBN I-NP
+funds NNS I-NP
+rate NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Robert NNP B-NP
+Chandross NNP I-NP
+at IN B-PP
+Lloyds NNP B-NP
+Bank NNP I-NP
+PLC NNP I-NP
+. . O
+
+Treasury NNP B-NP
+Securities NNPS I-NP
+
+The DT B-NP
+benchmark NN I-NP
+30-year JJ I-NP
+bond NN I-NP
+was VBD B-VP
+quoted VBN I-VP
+late RB B-ADVP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+of IN B-PP
+101 CD B-NP
+25\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+7.955 CD B-NP
+% NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+100 CD B-NP
+29\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+8.032 CD B-NP
+% NN I-NP
+Wednesday NNP B-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+10-year JJ I-NP
+notes NNS I-NP
+were VBD B-VP
+quoted VBN I-VP
+late RB B-ADVP
+at IN B-PP
+100 CD B-NP
+9\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+7.937 CD B-NP
+% NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+99 CD B-NP
+26\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+8.007 CD B-NP
+% NN I-NP
+. . O
+
+Short-term JJ B-NP
+rates NNS I-NP
+rose VBD B-VP
+yesterday NN B-NP
+. . O
+
+The DT B-NP
+discount NN I-NP
+rate NN I-NP
+on IN B-PP
+three-month JJ B-NP
+Treasury NNP I-NP
+bills NNS I-NP
+rose VBD B-VP
+to TO B-PP
+7.56 CD B-NP
+% NN I-NP
+from IN B-PP
+7.51 CD B-NP
+% NN I-NP
+Wednesday NNP B-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+rate NN I-NP
+on IN B-PP
+six-month JJ B-NP
+bills NNS I-NP
+rose VBD B-VP
+to TO B-PP
+7.57 CD B-NP
+% NN I-NP
+from IN B-PP
+7.53 CD B-NP
+% NN I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+Treasury NNP I-NP
+sold VBD B-VP
+$ $ B-NP
+9.75 CD I-NP
+billion CD I-NP
+of IN B-PP
+52-week JJ B-NP
+bills NNS I-NP
+yesterday NN B-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+yield NN I-NP
+on IN B-PP
+the DT B-NP
+bills NNS I-NP
+was VBD B-VP
+7.35 CD B-NP
+% NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+7.61 CD B-NP
+% NN I-NP
+at IN B-PP
+the DT B-NP
+previous JJ I-NP
+52-week JJ I-NP
+bill NN I-NP
+auction NN I-NP
+Sept. NNP B-NP
+21 CD I-NP
+. . O
+
+Yesterday NN B-NP
+'s POS B-NP
+yield NN I-NP
+was VBD B-VP
+the DT B-NP
+lowest JJS I-NP
+since IN B-PP
+7.22 CD B-NP
+% NN I-NP
+on IN B-PP
+July NNP B-NP
+27 CD I-NP
+. . O
+
+Here RB B-ADVP
+are VBP B-VP
+details NNS B-NP
+of IN B-PP
+the DT B-NP
+auction NN I-NP
+: : O
+
+Rates NNS B-NP
+are VBP B-VP
+determined VBN I-VP
+by IN B-PP
+the DT B-NP
+difference NN I-NP
+between IN B-PP
+the DT B-NP
+purchase NN I-NP
+price NN I-NP
+and CC I-NP
+face NN I-NP
+value NN I-NP
+. . O
+
+Thus RB B-ADVP
+, , O
+higher JJR B-NP
+bidding NN I-NP
+narrows VBZ B-VP
+the DT B-NP
+investor NN I-NP
+'s POS B-NP
+return NN I-NP
+while IN B-SBAR
+lower JJR B-NP
+bidding NN I-NP
+widens VBZ B-VP
+it PRP B-NP
+. . O
+
+The DT B-NP
+percentage NN I-NP
+rates NNS I-NP
+are VBP B-VP
+calculated VBN I-VP
+on IN B-PP
+a DT B-NP
+360-day JJ I-NP
+year NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+coupon-equivalent JJ I-NP
+yield NN I-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+a DT B-NP
+365-day JJ I-NP
+year NN I-NP
+. . O
+
+Corporate JJ B-NP
+Issues NNS I-NP
+
+Junk NN B-NP
+bond NN I-NP
+price NN I-NP
+climbed VBD B-VP
+yesterday NN B-NP
+despite IN B-PP
+skittishness NN B-NP
+in IN B-PP
+the DT B-NP
+new-issue JJ I-NP
+market NN I-NP
+for IN B-PP
+high-yield JJ B-NP
+securities NNS I-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+junk NN B-NP
+bond NN I-NP
+issues NNS I-NP
+on IN B-PP
+average NN B-NP
+were VBD B-VP
+up IN B-ADVP
+by IN B-PP
+1\/4 CD B-NP
+to TO I-NP
+1\/2 CD I-NP
+point NN I-NP
+with IN B-PP
+so-called JJ B-NP
+quality NN I-NP
+issues NNS I-NP
+from IN B-PP
+RJR NNP B-NP
+Capital NNP I-NP
+Holdings NNP I-NP
+Corp. NNP I-NP
+and CC O
+Petrolane NNP B-NP
+Gas NNP I-NP
+Service NNP I-NP
+Limited NNP I-NP
+Partnership NNP I-NP
+posting VBG B-VP
+one-point JJ B-NP
+gains NNS I-NP
+. . O
+
+Petrolane NNP B-NP
+Gas NNP I-NP
+Service NNP I-NP
+'s POS B-NP
+13 CD B-ADJP
+1\/4 CD I-ADJP
+% NN I-ADJP
+debentures NNS B-NP
+traded VBN B-VP
+at IN B-PP
+102 CD B-NP
+, , O
+after IN B-PP
+trading NN B-VP
+around IN B-PP
+par NN B-NP
+earlier RBR B-NP
+this DT I-NP
+week NN I-NP
+, , O
+and CC O
+RJR NNP B-NP
+'s POS B-NP
+13 CD B-ADJP
+1\/2 CD I-ADJP
+% NN I-ADJP
+subordinated VBD B-NP
+debentures NNS I-NP
+of IN B-PP
+2001 CD B-NP
+were VBD B-VP
+at IN B-PP
+101 CD B-NP
+5\/8 CD I-NP
+after IN B-PP
+trading NN B-VP
+at IN B-PP
+below IN B-PP
+par NN B-NP
+earlier RBR B-NP
+this DT I-NP
+week NN I-NP
+. . O
+
+Investment-grade JJ B-NP
+bonds NNS I-NP
+were VBD B-VP
+unchanged JJ B-ADJP
+. . O
+
+Municipals NNS B-NP
+
+Activity NN B-NP
+was VBD B-VP
+brisk JJ B-ADJP
+in IN B-PP
+the DT B-NP
+high-grade JJ I-NP
+general JJ I-NP
+obligation NN I-NP
+market NN I-NP
+, , O
+as IN B-SBAR
+a DT B-NP
+series NN I-NP
+of IN B-PP
+sell NN B-NP
+lists NNS I-NP
+hit VBD B-VP
+the DT B-NP
+Street NNP I-NP
+and CC O
+capped VBD B-VP
+upward JJ B-NP
+price NN I-NP
+movement NN I-NP
+in IN B-PP
+the DT B-NP
+sector NN I-NP
+. . O
+
+Traders NNS B-NP
+estimated VBN B-VP
+that IN B-SBAR
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+140 CD I-NP
+million CD I-NP
+of IN B-PP
+high-grade JJ B-NP
+bonds NNS I-NP
+was VBD B-VP
+put VBN I-VP
+up IN B-PRT
+for IN B-PP
+sale NN B-NP
+via IN B-PP
+bid-wanted JJ B-NP
+lists NNS I-NP
+circulated VBN B-VP
+by IN B-PP
+a DT B-NP
+handful NN I-NP
+of IN B-PP
+major JJ B-NP
+brokers NNS I-NP
+. . O
+
+There EX B-NP
+was VBD B-VP
+speculation NN B-NP
+that IN B-SBAR
+the DT B-NP
+supply NN I-NP
+was VBD B-VP
+coming VBG I-VP
+from IN B-PP
+a DT B-NP
+commercial JJ I-NP
+bank NN I-NP
+'s POS B-NP
+portfolios NNS I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+market VB B-NP
+participants NNS I-NP
+, , O
+the DT B-NP
+bonds NNS I-NP
+were VBD B-VP
+met VBN I-VP
+with IN B-PP
+decent JJ B-NP
+bids NNS I-NP
+, , O
+but CC O
+the DT B-NP
+volume NN I-NP
+of IN B-PP
+paper NN B-NP
+left VBD B-VP
+high JJ B-NP
+grades NNS I-NP
+in IN B-PP
+the DT B-NP
+10-year JJ I-NP
+and CC I-NP
+under IN I-NP
+maturity NN I-NP
+range NN I-NP
+unchanged JJ B-ADJP
+to TO B-ADVP
+0.05 CD B-ADVP
+percentage NN I-ADVP
+point NN I-ADVP
+higher JJR I-ADVP
+in IN B-PP
+yield NN B-NP
+. . O
+
+Away RB B-ADVP
+from IN B-PP
+the DT B-NP
+general JJ I-NP
+obligation NN I-NP
+sector NN I-NP
+, , O
+activity NN B-NP
+was VBD B-VP
+modest JJ B-ADJP
+. . O
+
+Long JJ B-NP
+dollar NN I-NP
+bonds NNS I-NP
+were VBD B-VP
+flat JJ B-ADJP
+to TO O
+up IN B-ADVP
+3\/8 CD B-NP
+point NN I-NP
+. . O
+
+New NNP B-NP
+Jersey NNP I-NP
+Turnpike NNP I-NP
+Authority NNP I-NP
+'s POS B-NP
+7.20 CD B-ADJP
+% NN I-ADJP
+issue NN B-NP
+of IN B-PP
+2018 CD B-NP
+was VBD B-VP
+up IN B-ADVP
+3\/8 CD B-NP
+at IN B-PP
+98 CD B-NP
+3\/8 CD I-NP
+bid NN B-VP
+to TO B-VP
+yield VB I-VP
+about IN B-NP
+7.32 CD I-NP
+% NN I-NP
+, , O
+down RB B-ADVP
+0.03 CD B-NP
+percentage NN I-NP
+point NN I-NP
+. . O
+
+The DT B-NP
+debt NN I-NP
+of IN B-PP
+some DT B-NP
+California NNP I-NP
+issuers NNS I-NP
+pulled VBD B-VP
+off IN B-PP
+lows NNS B-NP
+reached VBN B-VP
+after IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+massive JJ I-NP
+earthquake NN I-NP
+, , O
+although IN B-SBAR
+traders NNS B-NP
+said VBD B-VP
+market NN B-NP
+participants NNS I-NP
+remained VBD B-VP
+cautious JJ B-ADJP
+. . O
+
+California NNP B-NP
+expects VBZ B-VP
+to TO I-VP
+rely VB I-VP
+on IN B-PP
+federal JJ B-NP
+emergency NN I-NP
+funds NNS I-NP
+and CC O
+its PRP$ B-NP
+$ $ I-NP
+1.06 CD I-NP
+billion CD I-NP
+in IN B-PP
+general JJ B-NP
+fund NN I-NP
+reserves NNS I-NP
+to TO B-VP
+meet VB I-VP
+the DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+500 CD I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+in IN B-PP
+damages NNS B-NP
+resulting VBG B-VP
+from IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+state NN I-NP
+official NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+also RB B-ADVP
+unclear JJ B-ADJP
+precisely RB B-ADVP
+how WRB I-ADVP
+the DT B-NP
+state NN I-NP
+will MD B-VP
+rebuild VB I-VP
+its PRP$ B-NP
+reserve NN I-NP
+, , O
+said VBD B-VP
+Cindy NNP B-NP
+Katz NNP I-NP
+, , O
+assistant NN B-NP
+director NN I-NP
+of IN B-PP
+California NNP B-NP
+'s POS B-NP
+department NN I-NP
+of IN B-PP
+finance NN B-NP
+, , O
+although IN B-SBAR
+she PRP B-NP
+noted VBD B-VP
+that IN B-SBAR
+a DT B-NP
+bond NN I-NP
+offering NN I-NP
+for IN B-PP
+that DT B-NP
+purpose NN I-NP
+is VBZ B-VP
+n't RB I-VP
+anticipated VBN I-VP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+new JJ B-NP
+issuance NN I-NP
+was VBD B-VP
+slow JJ B-ADJP
+. . O
+
+The DT B-NP
+largest JJS I-NP
+sale NN I-NP
+in IN B-PP
+the DT B-NP
+competitive JJ I-NP
+arena NN I-NP
+was VBD B-VP
+a DT B-NP
+$ $ I-NP
+55.7 CD I-NP
+million CD I-NP
+issue NN I-NP
+of IN B-PP
+school NN B-NP
+financing NN I-NP
+bonds NNS I-NP
+from IN B-PP
+the DT B-NP
+Virginia NNP I-NP
+Public NNP I-NP
+School NNP I-NP
+Authority NNP I-NP
+. . O
+
+A DT B-NP
+balance NN I-NP
+of IN B-PP
+$ $ B-NP
+25.8 CD I-NP
+million CD I-NP
+remained VBD B-VP
+in IN B-PP
+late JJ B-NP
+order-taking NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+lead NN I-NP
+manager NN I-NP
+. . O
+
+Mortgage-Backed JJ B-NP
+Securities NNPS I-NP
+
+Mortgage NN B-NP
+securities NNS I-NP
+generally RB B-ADVP
+ended VBD B-VP
+6\/32 CD B-NP
+to TO I-NP
+9\/32 CD I-NP
+point NN I-NP
+higher JJR B-ADVP
+, , O
+but CC O
+lagged VBD B-VP
+gains NNS B-NP
+in IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+market NN I-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+shift NN I-NP
+in IN B-PP
+the DT B-NP
+shape NN I-NP
+of IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+yield NN I-NP
+curve NN I-NP
+and CC O
+rumored VBN B-NP
+mortgage NN I-NP
+sales NNS I-NP
+by IN B-PP
+thrifts NNS B-NP
+. . O
+
+Premium NNP B-NP
+Government NNP I-NP
+National NNP I-NP
+Mortgage NNP I-NP
+Association NNP I-NP
+securities NNS I-NP
+with IN B-PP
+coupon NN B-NP
+rates NNS I-NP
+of IN B-PP
+13 CD B-NP
+% NN I-NP
+and CC O
+higher JJR B-NP
+actually RB B-ADVP
+declined VBD B-VP
+amid IN B-PP
+concerns NNS B-NP
+about IN B-PP
+increased VBN B-NP
+prepayments NNS I-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+plan NN I-NP
+being VBG B-VP
+considered VBN I-VP
+by IN B-PP
+Congress NNP B-NP
+to TO B-VP
+speed VB I-VP
+the DT B-NP
+refinancing NN I-NP
+of IN B-PP
+government-subsidized JJ B-NP
+mortgages NNS I-NP
+. . O
+
+Ginnie NNP B-NP
+Mae NNP I-NP
+13 CD I-NP
+% NN I-NP
+securities NNS I-NP
+were VBD B-VP
+down RB B-ADVP
+about IN B-NP
+1\/4 CD I-NP
+at IN B-PP
+109 CD B-NP
+30\/32 CD I-NP
+. . O
+
+If IN B-SBAR
+the DT B-NP
+refinancing NN I-NP
+plan NN I-NP
+clears VBZ B-VP
+Congress NNP B-NP
+, , O
+there EX B-NP
+could MD B-VP
+be VB I-VP
+fairly RB B-NP
+heavy JJ I-NP
+prepayments NNS I-NP
+on IN B-PP
+the DT B-NP
+premium NN I-NP
+securities NNS I-NP
+, , O
+hurting VBG B-VP
+any DT B-NP
+investor NN I-NP
+paying VBG B-VP
+much JJ B-ADVP
+above IN I-ADVP
+par NN B-NP
+for IN B-PP
+them PRP B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+current-coupon JJ I-NP
+sector NN I-NP
+, , O
+a DT B-NP
+shift NN I-NP
+in IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+yield NN I-NP
+curve NN I-NP
+resulting VBG B-VP
+from IN B-PP
+the DT B-NP
+better JJR I-NP
+performance NN I-NP
+of IN B-PP
+long-dated JJ B-NP
+issues NNS I-NP
+over IN B-PP
+short-dated JJ B-NP
+securities NNS I-NP
+hurt VBD B-VP
+major JJ B-NP
+coupons NNS I-NP
+because IN B-SBAR
+it PRP B-NP
+will MD B-VP
+become VB I-VP
+more RBR B-ADJP
+difficult JJ I-ADJP
+to TO B-VP
+structure VB I-VP
+new JJ B-NP
+derivative JJ I-NP
+securities NNS I-NP
+offerings NNS I-NP
+. . O
+
+Ginnie NNP B-NP
+Mae NNP I-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+ended VBD B-VP
+at IN B-PP
+98 CD B-NP
+6\/32 CD I-NP
+, , O
+up IN B-ADVP
+9\/32 CD B-NP
+, , O
+and CC O
+Federal NNP B-NP
+Home NNP I-NP
+Loan NNP I-NP
+Mortgage NNP I-NP
+Corp. NNP I-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+were VBD B-VP
+at IN B-PP
+97 CD B-NP
+10\/32 CD I-NP
+, , O
+up IN B-ADVP
+6\/32 CD B-NP
+. . O
+
+The DT B-NP
+Ginnie NNP I-NP
+Mae NNP I-NP
+9 CD I-NP
+% NN I-NP
+issue NN I-NP
+was VBD B-VP
+yielding VBG I-VP
+9.42 CD B-NP
+% NN I-NP
+to TO B-PP
+a DT B-NP
+12-year JJ I-NP
+average JJ I-NP
+life NN I-NP
+assumption NN I-NP
+, , O
+as IN B-SBAR
+the DT B-NP
+spread NN I-NP
+above IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+10-year JJ I-NP
+note NN I-NP
+widened VBD B-VP
+0.03 CD B-NP
+percentage NN I-NP
+point NN I-NP
+to TO B-PP
+1.48 CD B-NP
+. . O
+
+While IN B-SBAR
+Remic NNP B-NP
+issuance NN I-NP
+may MD B-VP
+slow VB I-VP
+in IN B-PP
+the DT B-NP
+coming VBG I-NP
+days NNS I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+shift NN I-NP
+in IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+yield NN I-NP
+curve NN I-NP
+, , O
+underwriters NNS B-NP
+continued VBD B-VP
+to TO I-VP
+crank VB I-VP
+out IN B-PRT
+new JJ B-NP
+real JJ I-NP
+estate NN I-NP
+mortgage NN I-NP
+investment NN I-NP
+conduits NNS I-NP
+structured VBN B-VP
+when WRB B-ADVP
+the DT B-NP
+yield NN I-NP
+curve NN I-NP
+was VBD B-VP
+more RBR B-ADJP
+favorable JJ I-ADJP
+. . O
+
+Two CD B-NP
+new JJ I-NP
+Remics NNS I-NP
+totaling VBG B-VP
+$ $ B-NP
+900 CD I-NP
+million CD I-NP
+were VBD B-VP
+announced VBN I-VP
+by IN B-PP
+Freddie NNP B-NP
+Mac NNP I-NP
+yesterday NN B-NP
+. . O
+
+Foreign JJ B-NP
+Bonds NNS I-NP
+
+British JJ B-NP
+government NN I-NP
+bonds NNS I-NP
+ended VBD B-VP
+little RB B-ADJP
+changed VBN I-ADJP
+as IN B-SBAR
+investors NNS B-NP
+awaited VBD B-VP
+an DT B-NP
+economic JJ I-NP
+policy NN I-NP
+address NN I-NP
+last JJ B-NP
+night NN I-NP
+by IN B-PP
+Chancellor NNP O
+of IN B-PP
+the DT B-NP
+Exchequer NNP I-NP
+Nigel NNP B-NP
+Lawson NNP I-NP
+. . O
+
+The DT B-NP
+Treasury NNP I-NP
+11 CD I-NP
+3\/4 CD I-NP
+% NN I-NP
+bond NN I-NP
+due JJ B-ADJP
+2003\/2007 CD B-NP
+was VBD B-VP
+down RB B-ADVP
+2\/32 CD B-NP
+at IN B-PP
+111 CD B-NP
+29\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+10.09 CD B-NP
+% NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+11 CD I-NP
+3\/4 CD I-NP
+% NN I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1991 CD B-NP
+were VBD B-VP
+unchanged JJ B-ADJP
+at IN B-PP
+98 CD B-NP
+19\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+12.94 CD B-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+Japan NNP B-NP
+, , O
+the DT B-NP
+bellwether NN I-NP
+No. NN I-NP
+111 CD I-NP
+4.6 CD I-NP
+% NN I-NP
+bond NN I-NP
+of IN B-PP
+1998 CD B-NP
+ended VBD B-VP
+off IN B-ADVP
+0.03 CD B-NP
+at IN B-PP
+95.72 CD B-NP
+, , O
+to TO B-VP
+yield VB I-VP
+5.32 CD B-NP
+% NN I-NP
+, , O
+and CC O
+in IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+, , O
+the DT B-NP
+7 CD I-NP
+% NN I-NP
+benchmark NN I-NP
+issue NN I-NP
+due JJ B-ADJP
+October NNP B-NP
+1999 CD I-NP
+ended VBD B-VP
+0.05 CD B-NP
+point NN I-NP
+lower JJR B-ADVP
+at IN B-PP
+99.85 CD B-NP
+to TO B-VP
+yield VB I-VP
+7.02 CD B-NP
+% NN I-NP
+. . O
+
+THE DT B-NP
+PANHANDLER NN I-NP
+approaches NNS B-VP
+, , O
+makes VBZ B-VP
+his PRP$ B-NP
+pitch NN I-NP
+. . O
+
+It PRP B-NP
+may MD B-VP
+be VB I-VP
+straightforward JJ B-ADJP
+-- : O
+he PRP B-NP
+wants VBZ B-VP
+money NN B-NP
+for IN B-PP
+food NN B-NP
+-- : O
+or CC O
+incredibly RB B-ADJP
+convoluted JJ I-ADJP
+; : O
+his PRP$ B-NP
+sister NN I-NP
+is VBZ B-VP
+at IN B-PP
+this DT B-NP
+very JJ I-NP
+moment NN I-NP
+near IN B-PP
+death NN B-NP
+in IN B-PP
+Hoboken NNP B-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+lost VBN I-VP
+his PRP$ B-NP
+wallet NN I-NP
+and CC O
+has VBZ B-VP
+only RB B-NP
+$ $ I-NP
+1.22 CD I-NP
+in IN B-PP
+change NN B-NP
+to TO B-VP
+put VB I-VP
+toward IN B-PP
+a DT B-NP
+bus NN I-NP
+ticket NN I-NP
+costing VBG B-VP
+$ $ B-NP
+3.83 CD I-NP
+, , O
+and CC O
+wo MD O
+n't RB O
+you PRP B-NP
+give VB B-VP
+him PRP B-NP
+the DT B-NP
+difference NN I-NP
+? . O
+
+No DT B-INTJ
+? . O
+
+Well UH B-ADVP
+, , O
+how WRB B-ADVP
+about IN B-PP
+a DT B-NP
+loan NN I-NP
+, , O
+he PRP B-NP
+'ll MD B-VP
+take VB I-VP
+your PRP$ B-NP
+name NN I-NP
+and CC I-NP
+address NN I-NP
+... : O
+
+Figuring VBG B-VP
+that IN O
+their PRP$ B-NP
+money NN I-NP
+would MD B-VP
+more RBR I-VP
+likely JJ I-VP
+go NN I-VP
+toward IN B-PP
+a DT B-NP
+bottle NN I-NP
+of IN B-PP
+Night NNP B-NP
+Train NNP I-NP
+Express NNP I-NP
+, , O
+most RBS B-NP
+people NNS I-NP
+have VBP B-VP
+little JJ B-NP
+trouble NN I-NP
+saying VBG B-VP
+no DT B-INTJ
+to TO B-PP
+propositions NNS B-NP
+like IN B-PP
+this DT B-NP
+. . O
+
+But CC O
+healthy JJ B-NP
+skepticism NN I-NP
+vanishes VBZ B-VP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+solicited VBN I-VP
+by IN B-PP
+an DT B-NP
+organized VBN I-NP
+charity NN I-NP
+to TO B-VP
+help VB I-VP
+fight VB I-VP
+cancer NN B-NP
+, , O
+famine NN B-NP
+, , O
+child NN B-NP
+abuse NN I-NP
+, , O
+or CC O
+what WP B-NP
+have VBP B-VP
+you PRP B-NP
+. . O
+
+Most JJS B-NP
+see VB B-VP
+little JJ B-NP
+reason NN I-NP
+to TO B-VP
+doubt VB I-VP
+that IN O
+their PRP$ B-NP
+cash NN I-NP
+will MD B-VP
+go VB I-VP
+toward IN B-PP
+these DT B-NP
+noble JJ I-NP
+goals NNS I-NP
+. . O
+
+But CC O
+will MD O
+it PRP B-NP
+? . O
+
+In IN B-PP
+a DT B-NP
+distressing JJ I-NP
+number NN I-NP
+of IN B-PP
+cases NNS B-NP
+, , O
+no DT B-INTJ
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+the DT B-NP
+donors NNS I-NP
+sometimes RB B-ADVP
+might MD B-VP
+be VB I-VP
+better JJR B-ADVP
+off IN I-ADVP
+giving VBG B-VP
+the DT B-NP
+money NN I-NP
+to TO B-PP
+the DT B-NP
+panhandler NN I-NP
+: : O
+at IN B-ADVP
+least JJS I-ADVP
+he PRP B-NP
+has VBZ B-VP
+no DT B-NP
+overhead NN I-NP
+, , O
+and CC O
+he PRP B-NP
+might MD B-VP
+even RB I-VP
+be VB I-VP
+telling VBG I-VP
+the DT B-NP
+truth NN I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+, , O
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+100 CD I-NP
+billion CD I-NP
+was VBD B-VP
+donated VBN I-VP
+to TO B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+400,000 CD I-NP
+charities NNS I-NP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+vast JJ I-NP
+bulk NN I-NP
+of IN B-PP
+it PRP B-NP
+was VBD B-VP
+indeed RB I-VP
+spent VBN I-VP
+by IN B-PP
+reputable JJ B-NP
+organizations NNS I-NP
+on IN B-PP
+the DT B-NP
+good JJ I-NP
+works NNS I-NP
+it PRP B-NP
+was VBD B-VP
+raised VBN I-VP
+for IN B-PP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+equally RB B-ADJP
+true JJ I-ADJP
+that IN B-SBAR
+a DT B-NP
+sizable JJ I-NP
+hunk NN I-NP
+was VBD B-VP
+consumed VBN I-VP
+in IN B-PP
+`` `` O
+expenses NNS B-NP
+'' '' O
+claimed VBN B-VP
+by IN B-PP
+other JJ B-NP
+operators NNS I-NP
+, , O
+including VBG B-PP
+fraudulent JJ B-NP
+expenses NNS I-NP
+. . O
+
+In IN B-PP
+many JJ B-NP
+cases NNS I-NP
+the DT B-NP
+costs NNS I-NP
+claimed VBD B-VP
+were VBD B-VP
+so RB B-ADJP
+high JJ I-ADJP
+that IN B-SBAR
+only RB B-NP
+a DT I-NP
+dribble NN I-NP
+of IN B-PP
+cash NN B-NP
+was VBD B-VP
+left VBN I-VP
+for IN B-PP
+the DT B-NP
+purported JJ I-NP
+beneficiaries NNS I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+impossible JJ B-ADJP
+to TO B-VP
+say VB I-VP
+exactly RB B-ADVP
+how WRB B-NP
+much NN I-NP
+of IN B-PP
+the DT B-NP
+total JJ I-NP
+charity NN I-NP
+intake NN I-NP
+is VBZ B-VP
+devoured VBN I-VP
+by IN B-PP
+stratospheric JJ B-NP
+fund-raising NN I-NP
+costs NNS I-NP
+, , O
+high-living JJ B-NP
+operators NNS I-NP
+, , O
+and CC O
+downright JJ B-NP
+fraud NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+problem NN I-NP
+clearly RB B-ADVP
+is VBZ B-VP
+widespread JJ B-ADJP
+and CC I-ADJP
+persistent JJ I-ADJP
+. . O
+
+State NN B-NP
+law NN I-NP
+enforcers NNS I-NP
+can MD B-VP
+barely RB I-VP
+keep VB I-VP
+up IN B-PRT
+with IN B-PP
+charity NN B-NP
+scams NNS I-NP
+, , O
+and CC O
+reports NNS B-NP
+from IN B-PP
+watchdog NN B-NP
+groups NNS I-NP
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+Council NNP I-NP
+of IN B-PP
+Better NNP B-NP
+Business NNP I-NP
+Bureaus NNP I-NP
+are VBP B-VP
+not RB O
+encouraging VBG B-ADJP
+. . O
+
+The DT B-NP
+Philanthropic NNP I-NP
+Advisory NNP I-NP
+Service NNP I-NP
+of IN B-PP
+the DT B-NP
+BBB NNP I-NP
+reviews NNS B-VP
+hundreds NNS B-NP
+of IN B-PP
+new JJ B-NP
+charities NNS I-NP
+every DT B-NP
+year NN I-NP
+, , O
+measuring VBG B-VP
+them PRP B-NP
+against IN B-PP
+minimum JJ B-NP
+standards NNS I-NP
+for IN B-PP
+accountability NN B-NP
+; : O
+for IN B-PP
+accuracy NN B-NP
+and CC I-NP
+honesty NN I-NP
+in IN B-PP
+solicitation NN B-NP
+; : B-PP
+and CC I-PP
+for IN B-PP
+percentage NN B-NP
+of IN B-PP
+funds NNS B-NP
+actually RB B-VP
+going VBG I-VP
+to TO B-PP
+work VB B-NP
+for IN B-PP
+which WDT B-NP
+the DT B-NP
+charity NN I-NP
+was VBD B-VP
+supposedly RB I-VP
+established VBN I-VP
+. . O
+
+The DT B-NP
+Service NNP I-NP
+figures NNS B-VP
+at IN B-NP
+least JJS I-NP
+half NN I-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+taken VBN B-VP
+in IN B-PRT
+should MD B-VP
+be VB I-VP
+spent VBN I-VP
+on IN B-PP
+program NN B-NP
+. . O
+
+Roughly RB B-NP
+a DT I-NP
+third JJ I-NP
+of IN B-PP
+the DT B-NP
+charities NNS I-NP
+reviewed VBN B-VP
+flunk VBP B-VP
+the DT B-NP
+test NN I-NP
+. . O
+
+Which WDT B-NP
+, , O
+it PRP B-NP
+should MD B-VP
+be VB I-VP
+added VBN I-VP
+, , O
+does VBZ B-VP
+n't RB I-VP
+prevent VB I-VP
+the DT B-NP
+charities NNS I-NP
+from IN B-PP
+raking VBG B-VP
+in IN B-PRT
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+money NN B-NP
+anyway RB B-ADVP
+. . O
+
+Without IN B-PP
+a DT B-NP
+microscope NN I-NP
+and CC O
+a DT B-NP
+subpoena NN I-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+often RB B-ADVP
+hard JJ B-ADJP
+to TO B-VP
+sort VB I-VP
+out RP B-PRT
+worthwhile JJ B-NP
+causes NNS I-NP
+from IN B-PP
+ripoffs NNS B-NP
+if IN B-SBAR
+all DT B-NP
+you PRP B-NP
+'ve VBP B-VP
+got VBD I-VP
+to TO B-VP
+go VB I-VP
+on IN B-PP
+is VBZ B-VP
+the DT B-NP
+solicitation NN I-NP
+itself PRP B-NP
+. . O
+
+On IN B-PP
+this DT B-NP
+basis NN I-NP
+, , O
+`` `` O
+there EX B-NP
+'s VBZ B-VP
+no DT B-NP
+way NN I-NP
+the DT B-NP
+average JJ I-NP
+person NN I-NP
+can MD B-VP
+know VB I-VP
+a DT B-NP
+good JJ I-NP
+charity NN I-NP
+from IN B-PP
+a DT B-NP
+bad JJ I-NP
+one CD I-NP
+, , O
+'' '' O
+says VBZ B-VP
+David NNP B-NP
+Ormstedt NNP I-NP
+, , O
+an DT B-NP
+assistant NN I-NP
+attorney NN I-NP
+general JJ I-NP
+in IN B-PP
+Connecticut NNP B-NP
+. . O
+
+`` `` O
+A DT B-NP
+lot NN I-NP
+of IN B-PP
+donors NNS B-NP
+just RB B-ADVP
+get VBP B-VP
+taken VBN I-VP
+. . O
+'' '' O
+
+Including VBG B-PP
+those DT B-NP
+, , O
+he PRP B-NP
+contends VBZ B-VP
+, , O
+who WP B-NP
+put VBP B-VP
+about RB B-NP
+$ $ I-NP
+1 CD I-NP
+million CD I-NP
+into IN B-PP
+the DT B-NP
+kitty NN I-NP
+for IN B-PP
+the DT B-NP
+Connecticut NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Concerned NNP B-NP
+Veterans NNP I-NP
+and CC O
+the DT B-NP
+Vietnam NNP I-NP
+Veterans NNP I-NP
+Service NNP I-NP
+Center NNP I-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+has VBZ B-VP
+sued VBN I-VP
+these DT B-NP
+charities NNS I-NP
+in IN B-PP
+state NN B-NP
+court NN I-NP
+, , O
+complaining VBG B-VP
+that IN B-SBAR
+much NN B-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+was VBD B-VP
+grossly RB I-VP
+misspent VBN I-VP
+; : O
+82 CD B-NP
+% NN I-NP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Ormstedt NNP I-NP
+, , O
+went VBD B-VP
+to TO B-PP
+fund VB B-NP
+raisers NNS I-NP
+and CC O
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+rest NN I-NP
+to TO B-PP
+the DT B-NP
+people NNS I-NP
+who WP B-NP
+ran VBD B-VP
+the DT B-NP
+charities NNS I-NP
+and CC B-PP
+to TO B-PP
+their PRP$ B-NP
+relatives NNS I-NP
+-- : O
+for IN B-PP
+fur NN B-NP
+coats NNS I-NP
+, , O
+trips NNS B-NP
+to TO B-PP
+Florida NNP B-NP
+, , O
+Lucullan JJ B-NP
+restaurant NN I-NP
+tabs NNS I-NP
+. . O
+
+The DT B-NP
+telephone NN I-NP
+number NN I-NP
+for IN B-PP
+the DT B-NP
+charity NN I-NP
+in IN B-PP
+Shelton NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+disconnected VBN I-VP
+, , O
+and CC O
+the DT B-NP
+former JJ I-NP
+officials NNS I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+located VBN I-VP
+. . O
+
+Running VBG B-VP
+a DT B-NP
+charity NN I-NP
+does VBZ B-VP
+cost NN I-VP
+money NN B-NP
+, , O
+but CC O
+reputable JJ B-NP
+organizations NNS I-NP
+manage VBP B-VP
+to TO I-VP
+get VB I-VP
+the DT B-NP
+lion NN I-NP
+'s POS B-NP
+share NN I-NP
+of IN B-PP
+donations NNS B-NP
+out IN B-PP
+to TO B-PP
+where WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+really RB I-VP
+needed VBN I-VP
+. . O
+
+The DT B-NP
+Arthritis NNP I-NP
+Foundation NNP I-NP
+, , O
+the DT B-NP
+American NNP I-NP
+Cancer NNP I-NP
+Society NNP I-NP
+and CC O
+the DT B-NP
+United NNP I-NP
+Way NN I-NP
+of IN B-PP
+America NNP B-NP
+all DT B-NP
+say NN B-VP
+that IN B-SBAR
+they PRP B-NP
+spend VBP B-VP
+roughly RB B-NP
+90 CD I-NP
+% NN I-NP
+of IN B-PP
+their PRP$ B-NP
+income NN I-NP
+on IN B-PP
+programs NNS B-NP
+, , B-NP
+not RB I-NP
+overhead JJ B-NP
+. . O
+
+With IN B-PP
+some DT B-NP
+other JJ I-NP
+charities NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+it PRP B-NP
+s PRP B-VP
+the DT B-NP
+other JJ I-NP
+way NN I-NP
+around RB B-PRT
+. . O
+
+The DT O
+fledgling NN O
+National NNP O
+Children NNS B-NP
+'s POS B-NP
+Cancer NNP I-NP
+Society NNP I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+took VBD B-VP
+in IN B-PRT
+$ $ B-NP
+2.5 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+to TO B-VP
+finance VB I-VP
+bone-marrow NN B-NP
+transplants NNS I-NP
+for IN B-PP
+children NNS B-NP
+. . O
+
+By IN B-PP
+the DT B-NP
+time NN I-NP
+it PRP B-NP
+paid VBD B-VP
+its PRP$ B-NP
+expenses NNS I-NP
+it PRP B-NP
+only RB B-ADVP
+had VBD B-VP
+$ $ B-NP
+120,000 CD I-NP
+left VBN B-VP
+-- : O
+not RB B-ADJP
+enough RB I-ADJP
+to TO B-VP
+treat VB I-VP
+even RB B-NP
+one CD I-NP
+child NN I-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+of IN B-PP
+Illinois NNP B-NP
+is VBZ B-VP
+suing VBG I-VP
+the DT B-NP
+charity NN I-NP
+for IN B-PP
+fraud NN B-NP
+in IN B-PP
+Chicago NNP B-NP
+, , O
+along IN B-ADVP
+with IN B-PP
+Telesystems NNP B-NP
+Marketing NNP I-NP
+Inc. NNP I-NP
+, , O
+its PRP$ B-NP
+Houston-based JJ I-NP
+fund NN I-NP
+raiser NN I-NP
+. . O
+
+Both DT B-NP
+deny VB B-VP
+wrongdoing NN B-NP
+. . O
+
+The DT B-NP
+charity NN I-NP
+admits VBZ B-VP
+spending VBG I-VP
+a DT B-NP
+lot NN I-NP
+on IN B-PP
+fund NN B-NP
+raising VBG I-NP
+, , O
+but CC O
+says VBZ B-VP
+that WDT B-NP
+was VBD B-VP
+necessary JJ B-ADJP
+to TO B-VP
+establish VB I-VP
+a DT B-NP
+donor NN I-NP
+base NN I-NP
+it PRP B-NP
+can MD B-VP
+tap VB I-VP
+at IN B-PP
+much RB B-NP
+lower JJR I-NP
+cost NN I-NP
+in IN B-PP
+years NNS B-NP
+to TO B-VP
+come VB I-VP
+. . O
+
+Michael NNP B-NP
+Burns NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Telesystems NNP B-NP
+, , O
+says VBZ B-VP
+his PRP$ B-NP
+concern NN I-NP
+has VBZ B-VP
+only RB I-VP
+benefited VBN I-VP
+from IN B-PP
+the DT B-NP
+publicity NN I-NP
+surrounding VBG B-VP
+the DT B-NP
+case NN I-NP
+, , O
+noting VBG B-VP
+that IN B-SBAR
+three CD B-NP
+other JJ I-NP
+charities NNS I-NP
+have VBP B-VP
+signed VBN I-VP
+on IN B-PRT
+as IN B-PP
+clients NNS B-NP
+because IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+impressed VBN I-VP
+with IN B-PP
+the DT B-NP
+amount NN I-NP
+he PRP B-NP
+raised VBD B-VP
+for IN B-PP
+National NNP B-NP
+Children NNS I-NP
+'s POS B-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+a DT B-NP
+state NN I-NP
+court NN I-NP
+judge NN I-NP
+has VBZ B-VP
+allowed VBN I-VP
+the DT B-NP
+charity NN I-NP
+to TO B-VP
+go VB I-VP
+on IN B-PRT
+soliciting VBG B-VP
+funds NNS B-NP
+. . O
+
+Enforcers NNS B-NP
+ca MD B-VP
+n't RB I-VP
+put VB I-VP
+charities NNS B-NP
+out IN B-PP
+of IN B-PP
+business NN B-NP
+simply RB B-ADVP
+because IN B-SBAR
+they PRP B-NP
+spend VBP B-VP
+the DT B-NP
+lion NN I-NP
+'s POS B-NP
+share NN I-NP
+of IN B-PP
+their PRP$ B-NP
+income NN I-NP
+on IN B-PP
+fund NN B-NP
+raising VBG I-NP
+. . O
+
+State NN B-NP
+laws NNS I-NP
+previously RB B-ADVP
+used VBN B-VP
+as IN B-PP
+a DT B-NP
+yardstick NN I-NP
+minimum JJ B-NP
+percentages NNS I-NP
+of IN B-PP
+income NN B-NP
+-- : O
+usually RB B-ADVP
+half NN B-NP
+-- : O
+that WDT B-NP
+had VBD B-VP
+to TO I-VP
+be VB I-VP
+spent VBN I-VP
+on IN B-PP
+the DT B-NP
+program NN I-NP
+rather RB B-PP
+than IN I-PP
+overhead JJ B-NP
+, , O
+but CC O
+these DT B-NP
+have NN B-VP
+been VBN I-VP
+overturned VBN I-VP
+by IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+Supreme NNP I-NP
+Court NNP I-NP
+. . O
+
+It PRP B-NP
+has VBZ B-VP
+ruled VBN I-VP
+that IN B-SBAR
+such JJ B-NP
+laws NNS I-NP
+might MD B-VP
+work VB I-VP
+to TO I-VP
+stifle VB I-VP
+fund NN B-NP
+raising VBG I-NP
+, , O
+which WDT B-NP
+would MD B-VP
+amount VB I-VP
+to TO B-PP
+limiting VBG B-VP
+the DT B-NP
+charities NNS I-NP
+' POS B-NP
+first-amendment JJ I-NP
+right NN I-NP
+to TO B-PP
+freedom NN B-NP
+of IN B-PP
+expression NN B-NP
+. . O
+
+This DT B-NP
+puts VBZ B-VP
+upon IN B-PP
+enforcers NNS B-NP
+the DT B-NP
+burden NN I-NP
+of IN B-PP
+proving VBG B-VP
+outright JJ B-NP
+fraud NN I-NP
+or CC I-NP
+misrepresentation NN I-NP
+, , O
+and CC O
+such JJ B-NP
+actions NNS I-NP
+have VBP B-VP
+been VBN I-VP
+brought VBN I-VP
+against IN B-PP
+hundreds NNS B-NP
+of IN B-PP
+charities NNS B-NP
+recently RB B-ADVP
+. . O
+
+The DT B-NP
+attorney NN I-NP
+general NN I-NP
+'s POS B-NP
+office NN I-NP
+in IN B-PP
+Connecticut NNP B-NP
+alone RB B-ADVP
+has VBZ B-VP
+put VBN I-VP
+seven CD B-NP
+of IN B-PP
+them PRP B-NP
+out IN B-PP
+of IN B-PP
+business NN B-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+couple NN I-NP
+of IN B-PP
+years NNS B-NP
+, , O
+and CC O
+the DT B-NP
+enforcement NN I-NP
+drive NN I-NP
+is VBZ B-VP
+continuing VBG I-VP
+there EX B-ADVP
+and CC I-ADVP
+elsewhere RB I-ADVP
+. . O
+
+In IN B-PP
+making VBG B-VP
+cases NNS B-NP
+, , O
+the DT B-NP
+authorities NNS I-NP
+frequently RB B-ADVP
+zero CD B-VP
+in IN B-PRT
+on IN B-PP
+alleged VBN B-NP
+misrepresentations NNS I-NP
+made VBN B-VP
+by IN B-PP
+the DT B-NP
+charities NNS I-NP
+' POS B-NP
+fund NN I-NP
+raisers NNS I-NP
+. . O
+
+Illinois NNP B-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+currently RB B-ADVP
+has VBZ B-VP
+under IN B-PP
+investigation NN B-NP
+10 CD B-NP
+of IN B-PP
+the DT B-NP
+30 CD I-NP
+companies NNS I-NP
+drumming VBG B-VP
+up IN B-PRT
+funds NNS B-NP
+for IN B-PP
+charities NNS B-NP
+soliciting VBG B-VP
+there RB B-ADVP
+. . O
+
+Enforcers NNS B-NP
+pay VBP B-VP
+special JJ B-NP
+attention NN I-NP
+to TO B-PP
+operators NNS B-NP
+using VBG B-VP
+sweepstakes NN B-NP
+prizes NNS I-NP
+as IN B-PP
+an DT B-NP
+additional JJ I-NP
+inducement NN I-NP
+to TO B-VP
+give VB I-VP
+. . O
+
+Attorneys NNS B-NP
+general JJ I-NP
+in IN B-PP
+several JJ B-NP
+states NNS I-NP
+, , O
+including VBG B-PP
+Illinois NNP B-NP
+, , O
+are VBP B-VP
+already RB I-VP
+suing VBG I-VP
+Watson NNP B-NP
+& CC I-NP
+Hughey NNP I-NP
+Co. NNP I-NP
+, , O
+an DT B-NP
+Alexandria NNP I-NP
+, , I-NP
+Va.-based JJ I-NP
+outfit NN I-NP
+that IN B-NP
+they PRP B-NP
+say VBP B-VP
+has VBZ B-VP
+used VBN I-VP
+deceptive JJ B-NP
+sweepstakes NN I-NP
+ads NNS I-NP
+to TO B-VP
+solicit VB I-VP
+donations NNS B-NP
+for IN B-PP
+the DT B-NP
+American NNP I-NP
+Heart NNP I-NP
+Disease NNP I-NP
+Foundation NNP I-NP
+and CC O
+the DT B-NP
+Cancer NNP I-NP
+Fund NNP I-NP
+of IN B-PP
+America NNP B-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+the DT B-NP
+Illinois NNP I-NP
+attorney NN I-NP
+general NN I-NP
+'s POS B-NP
+suit NN I-NP
+, , O
+Watson NNP B-NP
+& CC I-NP
+Hughey NNP I-NP
+sent VBD B-VP
+mailings NNS B-NP
+indicating VBG B-VP
+that IN B-SBAR
+recipients NNS B-NP
+were VBD B-VP
+guaranteed VBN I-VP
+cash NN B-NP
+prizes NNS I-NP
+, , O
+and CC O
+could MD B-VP
+win VB I-VP
+up IN B-PP
+to TO B-PP
+an DT B-NP
+additional JJ I-NP
+$ $ I-NP
+1,000 CD I-NP
+on IN B-PP
+top NN B-NP
+of IN B-PP
+them PRP B-NP
+, , O
+if IN B-SBAR
+they PRP B-NP
+contributed VBD B-VP
+as RB B-NP
+little JJ I-NP
+as IN I-NP
+$ $ I-NP
+7 CD I-NP
+. . O
+
+But CC O
+the DT B-NP
+total JJ I-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+prizes NNS I-NP
+was VBD B-VP
+only RB B-NP
+$ $ I-NP
+5,000 CD I-NP
+and CC O
+most RBS B-NP
+`` `` I-NP
+winners NNS I-NP
+'' '' O
+will MD B-VP
+receive VB I-VP
+just RB B-NP
+10 CD I-NP
+cents NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+attorney NN I-NP
+general NN I-NP
+'s POS B-NP
+office NN I-NP
+. . O
+
+The DT B-NP
+suit NN I-NP
+is VBZ B-VP
+still RB B-ADVP
+pending VBG B-ADJP
+in IN B-PP
+Illinois NNP B-NP
+state NN I-NP
+court NN I-NP
+. . O
+
+Watson NNP B-NP
+& CC I-NP
+Hughey NNP I-NP
+has VBZ B-VP
+denied VBN I-VP
+the DT B-NP
+allegations NNS I-NP
+in IN B-PP
+court NN B-NP
+; : O
+officials NNS B-NP
+decline VBP B-VP
+to TO I-VP
+comment VB I-VP
+further JJ B-ADVP
+. . O
+
+While IN B-SBAR
+they PRP B-NP
+can MD B-VP
+target VB I-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+obvious JJ I-NP
+miscreants NNS I-NP
+, , O
+enforcers NNS B-NP
+concede VBP B-VP
+that IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+only RB I-VP
+scratching VBG I-VP
+the DT B-NP
+surface NN I-NP
+. . O
+
+There EX B-NP
+are VBP B-VP
+so RB B-NP
+many JJ I-NP
+cunning JJ I-NP
+ploys NNS I-NP
+used VBN B-VP
+by IN B-PP
+so RB B-NP
+many JJ I-NP
+dubious JJ I-NP
+operators NNS I-NP
+, , O
+they PRP B-NP
+say VBP B-VP
+, , O
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+probably RB B-ADVP
+impossible JJ B-ADJP
+to TO B-VP
+stop VB I-VP
+them PRP B-NP
+all DT B-NP
+. . O
+
+One CD B-NP
+maneuver NN I-NP
+: : O
+the DT B-NP
+`` `` I-NP
+public JJ I-NP
+education NN I-NP
+'' '' I-NP
+gambit NN I-NP
+. . O
+
+The DT B-NP
+solicitation NN I-NP
+material NN I-NP
+indicates VBZ B-VP
+that IN B-SBAR
+donations NNS B-NP
+will MD B-VP
+go VB I-VP
+toward IN B-PP
+a DT B-NP
+campaign NN I-NP
+alerting VBG B-VP
+and CC I-VP
+informing VBG I-VP
+the DT B-NP
+public NN I-NP
+about IN B-PP
+some DT B-NP
+health NN I-NP
+or CC I-NP
+other JJ I-NP
+issue NN I-NP
+. . O
+
+What WP B-NP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+say VB I-VP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+entire JJ I-NP
+`` `` I-NP
+campaign NN I-NP
+'' '' O
+may MD B-VP
+be VB I-VP
+the DT B-NP
+fund-raising NN I-NP
+letter NN I-NP
+itself PRP B-NP
+. . O
+
+`` `` O
+All DT B-ADVP
+too RB I-ADVP
+often RB I-ADVP
+this DT B-NP
+will MD B-VP
+merely RB I-VP
+be VB I-VP
+a DT B-NP
+statement NN I-NP
+on IN B-PP
+the DT B-NP
+solicitation NN I-NP
+such JJ B-PP
+as IN I-PP
+, , O
+` `` O
+Do VBP B-VP
+n't RB I-VP
+smoke VB I-VP
+! . O
+' '' O
+or CC O
+` `` O
+Wear VB B-VP
+suntan NN B-NP
+lotion NN I-NP
+, , O
+' POS O
+`` `` O
+says VBZ B-VP
+William NNP B-NP
+Webster NNP I-NP
+, , O
+attorney NN B-NP
+general NN I-NP
+of IN B-PP
+Missouri NNP B-NP
+. . O
+
+`` `` O
+By IN B-PP
+putting VBG B-VP
+these DT B-NP
+pithy JJ I-NP
+statements NNS I-NP
+on IN B-PP
+the DT B-NP
+solicitations NNS I-NP
+, , O
+hundreds NNS B-NP
+of IN B-PP
+thousands NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+are VBP B-VP
+claimed VBN I-VP
+to TO I-VP
+have VB I-VP
+been VBN I-VP
+spent VBN I-VP
+on IN B-PP
+education NN B-NP
+to TO B-PP
+consumers NNS B-NP
+when WRB B-ADVP
+in IN B-PP
+fact NN B-NP
+this DT B-NP
+represents VBZ B-VP
+the DT B-NP
+costs NNS I-NP
+of IN B-PP
+sending VBG B-VP
+the DT B-NP
+newsletters NNS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Webster NNP I-NP
+cites VBZ B-VP
+a DT B-NP
+four-page JJ I-NP
+mailing NN I-NP
+from IN B-PP
+the DT B-NP
+United NNP I-NP
+Cancer NNP I-NP
+Council NNP I-NP
+that WDT B-NP
+offers VBZ B-VP
+a DT B-NP
+chance NN I-NP
+to TO B-VP
+win VB I-VP
+$ $ B-NP
+5,000 CD I-NP
+in IN B-PP
+gold NN B-NP
+bullion NN I-NP
+to TO B-PP
+those DT B-NP
+giving VBG B-VP
+as RB B-NP
+little JJ I-NP
+as IN I-NP
+$ $ I-NP
+5 NN I-NP
+to TO B-PP
+cancer NN B-NP
+education NN I-NP
+. . O
+
+`` `` O
+A DT B-NP
+few JJ I-NP
+boilerplate NN I-NP
+warnings NNS I-NP
+about IN B-PP
+cancer NN B-NP
+appear VB B-VP
+but CC O
+that DT B-NP
+'s VBZ B-VP
+only RB B-NP
+two CD I-NP
+inches NNS I-NP
+in IN B-PP
+all DT B-NP
+four CD I-NP
+pages NNS I-NP
+. . O
+
+I PRP B-NP
+think VBP B-VP
+some DT B-NP
+people NNS I-NP
+may MD B-VP
+believe VB I-VP
+they PRP B-NP
+'re VBP B-VP
+helping VBG I-VP
+fund NN I-VP
+a DT B-NP
+massive JJ I-NP
+TV NN I-NP
+and CC I-NP
+print NN I-NP
+campaign NN I-NP
+, , O
+but CC O
+we PRP B-NP
+could MD B-VP
+n't RB I-VP
+find VB I-VP
+that IN B-SBAR
+the DT B-NP
+charity NN I-NP
+does VBZ B-VP
+anything NN B-NP
+except IN B-PP
+write VB B-VP
+these DT B-NP
+letters NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Officials NNS B-NP
+at IN B-PP
+the DT B-NP
+Washington NNP I-NP
+D.C.-based JJ I-NP
+charity NN I-NP
+did VBD B-VP
+n't RB I-VP
+return VB I-VP
+repeated VBN B-NP
+phone NN I-NP
+calls NNS I-NP
+. . O
+
+Many JJ B-NP
+fly-by-night JJ I-NP
+charities NNS I-NP
+ride VBP B-VP
+the DT B-NP
+coattails NNS I-NP
+of IN B-PP
+the DT B-NP
+biggest JJS I-NP
+, , I-NP
+best-known JJ I-NP
+and CC I-NP
+most RBS I-NP
+reputable JJ I-NP
+ones NNS I-NP
+by IN B-PP
+adopting VBG B-VP
+names NNS B-NP
+similar JJ B-ADJP
+to TO B-PP
+theirs PRP B-NP
+. . O
+
+The DT B-NP
+established VBN I-NP
+charities NNS I-NP
+are VBP B-VP
+bothered VBN I-VP
+by IN B-PP
+this DT B-NP
+but CC O
+say VBP B-VP
+they PRP B-NP
+can MD B-VP
+do VB I-VP
+little JJ B-NP
+about IN B-PP
+it PRP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+ca MD B-VP
+n't RB I-VP
+police VB I-VP
+the DT B-NP
+many JJ I-NP
+organizations NNS I-NP
+that WDT B-NP
+have VBP B-VP
+sprung VBN I-VP
+up IN B-PRT
+in IN B-PP
+the DT B-NP
+last JJ I-NP
+few JJ I-NP
+years NNS I-NP
+using VBG B-VP
+part NN B-NP
+of IN B-PP
+our PRP$ B-NP
+name NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+them PRP B-NP
+do VBP B-VP
+n't RB I-VP
+last JJ I-VP
+for IN B-PP
+long JJ B-ADJP
+, , O
+but CC O
+in IN B-PP
+the DT B-NP
+meantime NN I-NP
+all DT B-NP
+we PRP B-NP
+can MD B-VP
+do VB I-VP
+is VBZ B-VP
+tell VB I-VP
+people NNS B-NP
+they PRP B-NP
+are VBP B-VP
+n't RB I-VP
+connected VBN I-VP
+with IN B-PP
+us PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+the DT B-NP
+American NNP I-NP
+Heart NNP I-NP
+Association NNP I-NP
+. . O
+
+And CC O
+sometimes RB B-ADVP
+a DT B-NP
+reputable JJ I-NP
+charity NN I-NP
+with IN B-PP
+a DT B-NP
+household NN I-NP
+name NN I-NP
+gets VBZ B-VP
+used VBN I-VP
+and CC O
+does VBZ B-VP
+n't RB I-VP
+even RB I-VP
+know VB I-VP
+it PRP B-NP
+. . O
+
+A DT B-NP
+couple NN I-NP
+in IN B-PP
+Rockford NNP B-NP
+, , O
+Ill. NNP B-NP
+, , O
+raised VBD B-VP
+$ $ B-NP
+12,591 CD I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+using VBG B-VP
+the DT B-NP
+name NN I-NP
+and CC I-NP
+logo NN I-NP
+of IN B-PP
+Mothers NNPS B-NP
+Against IN B-PP
+Drunk JJ B-NP
+Driving VBG I-NP
+, , O
+without IN B-PP
+permission NN B-NP
+from IN B-PP
+the DT B-NP
+group NN I-NP
+. . O
+
+MADD NNP B-NP
+did VBD B-VP
+n't RB I-VP
+learn VB I-VP
+of IN B-PP
+the DT B-NP
+fund NN I-NP
+raising VBG I-NP
+until IN B-SBAR
+the DT B-NP
+couple NN I-NP
+sent VBD B-VP
+it PRP B-NP
+a DT B-NP
+check NN I-NP
+for IN B-PP
+$ $ B-NP
+613 CD I-NP
+, , O
+along IN B-ADVP
+with IN B-PP
+a DT B-NP
+letter NN I-NP
+saying VBG B-VP
+that WDT B-NP
+was VBD B-VP
+the DT B-NP
+charity NN I-NP
+'s POS B-NP
+`` `` I-NP
+share NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+Illinois NNP I-NP
+Attorney NNP I-NP
+General NNP I-NP
+won VBD B-VP
+a DT B-NP
+court NN I-NP
+order NN I-NP
+to TO B-VP
+prevent VB I-VP
+the DT B-NP
+couple NN I-NP
+from IN B-PP
+raising VBG B-VP
+further JJ B-NP
+funds NNS I-NP
+without IN B-PP
+MADD NNP B-NP
+'s POS B-NP
+permission NN I-NP
+. . O
+
+The DT B-NP
+couple NN I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+comment NN B-NP
+and CC O
+apparently RB B-VP
+have VBP I-VP
+left VBN I-VP
+Rockford NNP B-NP
+, , O
+law NN B-NP
+enforcement NN I-NP
+officials NNS I-NP
+report VBP B-VP
+. . O
+
+Denise NNP B-NP
+McDonald NNP I-NP
+, , O
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+MADD NNP B-NP
+, , O
+says VBZ B-VP
+, , O
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+scary JJ B-ADJP
+, , O
+because IN B-SBAR
+anybody NN B-NP
+could MD B-VP
+do VB I-VP
+this DT B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Johnson NNP I-NP
+is VBZ B-VP
+a DT B-NP
+staff NN I-NP
+reporter NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Chicago NNP I-NP
+bureau NN I-NP
+. . O
+
+Overhead NN B-NP
+costs NNS I-NP
+at IN B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+largest JJS I-NP
+charities NNS I-NP
+, , O
+in IN B-PP
+millions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+
+British JJ B-NP
+Airways NNP I-NP
+PLC NNP I-NP
+, , O
+a DT B-NP
+crucial JJ I-NP
+participant NN I-NP
+in IN B-PP
+the DT B-NP
+proposed VBN I-NP
+buy-out NN I-NP
+of IN B-PP
+UAL NNP B-NP
+Corp. NNP I-NP
+, , O
+washed VBD B-VP
+its PRP$ B-NP
+hands NNS I-NP
+of IN B-PP
+the DT B-NP
+current JJ I-NP
+efforts NNS I-NP
+to TO B-VP
+revive VB I-VP
+a DT B-NP
+bid NN I-NP
+for IN B-PP
+the DT B-NP
+parent NN I-NP
+of IN B-PP
+United NNP B-NP
+Airlines NNPS I-NP
+. . O
+
+Specifically RB B-ADVP
+, , O
+the DT B-NP
+British JJ I-NP
+carrier NN I-NP
+said VBD B-VP
+it PRP B-NP
+currently RB B-ADVP
+has VBZ B-VP
+no DT B-NP
+plans NNS I-NP
+to TO B-VP
+participate VB I-VP
+in IN B-PP
+any DT B-NP
+new JJ I-NP
+offer NN I-NP
+for IN B-PP
+UAL NNP B-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+British NNP B-NP
+Air NNP I-NP
+officially RB B-ADVP
+withdrew VBD B-VP
+its PRP$ B-NP
+support NN I-NP
+for IN B-PP
+the DT B-NP
+previous JJ I-NP
+$ $ I-NP
+300-a-share JJ I-NP
+bid NN I-NP
+in IN B-PP
+a DT B-NP
+terse JJ I-NP
+statement NN I-NP
+that WDT B-NP
+said VBD B-VP
+`` `` O
+the DT B-NP
+original JJ I-NP
+deal NN I-NP
+is VBZ B-VP
+closed VBN I-VP
+. . O
+'' '' O
+
+Company NN B-NP
+officials NNS I-NP
+said VBD B-VP
+later RB B-ADVP
+that IN B-SBAR
+British JJ B-NP
+Airways NNPS I-NP
+believes VBZ B-VP
+its PRP$ B-NP
+involvement NN I-NP
+in IN B-PP
+the DT B-NP
+UAL NNP I-NP
+buy-out NN I-NP
+ended VBD B-VP
+last JJ B-NP
+Friday NNP I-NP
+when WRB B-ADVP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+, , O
+which WDT B-NP
+also RB B-ADVP
+includes VBZ B-VP
+UAL NNP B-NP
+'s POS B-NP
+management NN I-NP
+and CC I-NP
+pilot NN I-NP
+union NN I-NP
+, , O
+failed VBD B-VP
+to TO I-VP
+obtain VB I-VP
+financing NN B-NP
+for IN B-PP
+the DT B-NP
+$ $ I-NP
+6.79 CD I-NP
+billion CD I-NP
+transaction NN I-NP
+. . O
+
+The DT B-NP
+carrier NN I-NP
+stopped VBD B-VP
+short NN B-ADVP
+of IN B-PP
+saying VBG B-VP
+it PRP B-NP
+would MD B-VP
+n't RB O
+at IN B-PP
+some DT B-NP
+point NN I-NP
+reconsider VB B-VP
+participating VBG I-VP
+in IN B-PP
+any DT B-NP
+new JJ I-NP
+bid NN I-NP
+for IN B-PP
+UAL NNP B-NP
+. . O
+
+However RB B-ADVP
+, , O
+company NN B-NP
+officials NNS I-NP
+said VBD B-VP
+they PRP B-NP
+plan VBP B-VP
+to TO I-VP
+take VB I-VP
+`` `` B-NP
+no DT I-NP
+initiatives NNS I-NP
+'' '' O
+to TO B-VP
+resurrect VB I-VP
+the DT B-NP
+transaction NN I-NP
+, , O
+and CC O
+`` `` O
+are VBP B-VP
+n't RB O
+aware JJ B-ADJP
+'' '' O
+of IN B-PP
+any DT B-NP
+restructured VBN I-NP
+bid NN I-NP
+in IN B-PP
+the DT B-NP
+making NN I-NP
+. . O
+
+Collectively RB B-ADVP
+, , O
+the DT B-NP
+statements NNS I-NP
+raised VBD B-VP
+questions NNS B-NP
+about IN B-PP
+whether IN B-SBAR
+a DT B-NP
+new JJ I-NP
+bid NN I-NP
+for IN B-PP
+UAL NNP B-NP
+will MD B-VP
+ever RB I-VP
+get VB I-VP
+off IN B-PP
+the DT B-NP
+ground NN I-NP
+. . O
+
+The DT B-NP
+transaction NN I-NP
+has VBZ B-VP
+had VBN I-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+setbacks NNS B-NP
+since IN B-SBAR
+the DT B-NP
+financing NN I-NP
+problems NNS I-NP
+became VBD B-VP
+known VBN B-ADJP
+last JJ B-NP
+Friday NNP I-NP
+, , O
+with IN B-PP
+no DT B-NP
+signs NNS I-NP
+or CC I-NP
+statements NNS I-NP
+from IN B-PP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+to TO B-VP
+indicate VB I-VP
+that IN B-SBAR
+any DT B-NP
+progress NN I-NP
+has VBZ B-VP
+taken VBN I-VP
+place NN B-NP
+. . O
+
+However RB B-ADVP
+, , O
+in IN B-PP
+response NN B-NP
+to TO B-PP
+the DT B-NP
+British NNP I-NP
+Air NNP I-NP
+decision NN I-NP
+, , O
+United NNP B-NP
+'s POS B-NP
+pilot NN I-NP
+union NN I-NP
+vowed VBD B-VP
+to TO I-VP
+continue VB I-VP
+efforts NNS B-NP
+to TO B-VP
+revive VB I-VP
+the DT B-NP
+buy-out NN I-NP
+. . O
+
+Pilot NN B-NP
+union NN I-NP
+Chairman NNP I-NP
+Frederick NNP I-NP
+C. NNP I-NP
+Dubinsky NNP I-NP
+said VBD B-VP
+advisers NNS B-NP
+to TO B-PP
+UAL NNP B-NP
+management NN I-NP
+and CC O
+the DT B-NP
+union NN I-NP
+will MD B-VP
+begin VB I-VP
+meeting NN I-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+today NN B-NP
+and CC O
+will MD B-VP
+work VB I-VP
+through IN B-PP
+the DT B-NP
+weekend NN I-NP
+to TO B-VP
+devise VB I-VP
+a DT B-NP
+new JJ I-NP
+proposal NN I-NP
+to TO B-VP
+present VB I-VP
+to TO B-PP
+UAL NNP B-NP
+'s POS B-NP
+board NN I-NP
+`` `` O
+at IN B-PP
+the DT B-NP
+earliest JJS I-NP
+time NN I-NP
+possible JJ I-NP
+. . O
+'' '' O
+
+Pilot NN B-NP
+union NN I-NP
+advisers NNS I-NP
+appeared VBD B-VP
+confident JJ B-ADJP
+that IN B-SBAR
+a DT B-NP
+new JJ I-NP
+bid NN I-NP
+could MD B-VP
+go VB I-VP
+forward RB B-ADVP
+even RB B-ADVP
+without IN B-PP
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+participation NN I-NP
+. . O
+
+UAL NNP B-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+statement NN I-NP
+. . O
+
+UAL NNP B-NP
+Chairman NNP I-NP
+Stephen NNP I-NP
+M. NNP I-NP
+Wolf NNP I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+leading VBG I-VP
+the DT B-NP
+management NN I-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+buy-out NN I-NP
+, , O
+has VBZ B-VP
+n't RB I-VP
+provided VBN I-VP
+investors NNS B-NP
+with IN B-PP
+any DT B-NP
+assurances NNS I-NP
+about IN B-PP
+the DT B-NP
+prospect NN I-NP
+of IN B-PP
+a DT B-NP
+new JJ I-NP
+deal NN I-NP
+. . O
+
+In IN B-PP
+another DT B-NP
+setback NN I-NP
+yesterday NN B-NP
+, , O
+United NNP B-NP
+'s POS B-NP
+machinist NN I-NP
+union NN I-NP
+asked VBD B-VP
+the DT B-NP
+Treasury NNP I-NP
+Department NNP I-NP
+to TO B-VP
+investigate VB I-VP
+whether IN B-SBAR
+certain JJ B-NP
+aspects NNS I-NP
+of IN B-PP
+the DT B-NP
+original JJ I-NP
+buy-out NN I-NP
+proposal NN I-NP
+violated VBD B-VP
+tax NN B-NP
+laws NNS I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+derail VB I-VP
+the DT B-NP
+buy-out NN I-NP
+, , O
+the DT B-NP
+union NN I-NP
+has VBZ B-VP
+already RB I-VP
+called VBN I-VP
+for IN B-PP
+investigations NNS B-NP
+by IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , I-NP
+Transportation NNP I-NP
+Department NNP I-NP
+and CC I-NP
+Labor NNP I-NP
+Department NNP I-NP
+. . O
+
+But CC O
+there EX B-NP
+was VBD B-VP
+one CD B-NP
+bright JJ I-NP
+spot NN I-NP
+yesterday NN B-NP
+. . O
+
+The DT B-NP
+United NNP I-NP
+flight-attendants NNS I-NP
+union NN I-NP
+agreed VBD B-VP
+to TO B-PP
+negotiations NNS B-NP
+that WDT B-NP
+could MD B-VP
+lead VB I-VP
+to TO B-PP
+the DT B-NP
+flight NN I-NP
+attendants NNS I-NP
+contributing VBG B-VP
+concessions NNS B-NP
+to TO B-PP
+a DT B-NP
+revived VBN I-NP
+bid NN I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+an DT B-NP
+ownership NN I-NP
+stake NN I-NP
+. . O
+
+The DT B-NP
+pilot NN I-NP
+union NN I-NP
+, , O
+the DT B-NP
+only RB I-NP
+one CD I-NP
+to TO B-VP
+support VB I-VP
+the DT B-NP
+buy-out NN I-NP
+thus RB B-ADVP
+far RB I-ADVP
+, , O
+said VBD B-VP
+the DT B-NP
+flight NN I-NP
+attendants NNS I-NP
+' POS B-NP
+decision NN I-NP
+`` `` O
+enforces VBZ B-VP
+our PRP$ B-NP
+belief NN I-NP
+that IN B-SBAR
+an DT B-NP
+all-employee JJ I-NP
+owned VBN I-NP
+airline NN I-NP
+is VBZ B-VP
+practical JJ B-ADJP
+and CC I-ADJP
+achievable JJ I-ADJP
+. . O
+'' '' O
+
+Still RB B-ADVP
+, , O
+without IN B-PP
+the DT B-NP
+assurance NN I-NP
+of IN B-PP
+British JJ B-NP
+Airways NNPS I-NP
+' POS B-NP
+financial JJ I-NP
+backing NN I-NP
+, , O
+it PRP B-NP
+will MD B-VP
+be VB I-VP
+tougher JJR B-ADJP
+for IN B-SBAR
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+to TO B-VP
+convince VB I-VP
+already-reluctant JJ B-NP
+banks NNS I-NP
+to TO B-VP
+make VB I-VP
+loan NN B-NP
+commitments NNS I-NP
+for IN B-PP
+a DT B-NP
+revised VBN I-NP
+bid NN I-NP
+, , O
+especially RB B-ADVP
+since IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+original JJ I-NP
+investment NN I-NP
+represented VBN B-VP
+78 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+cash NN I-NP
+equity NN I-NP
+contribution NN I-NP
+for IN B-PP
+the DT B-NP
+bid NN I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+previous JJ I-NP
+plan NN I-NP
+, , O
+British NNP B-NP
+Air NNP I-NP
+would MD B-VP
+have VB I-VP
+received VBN I-VP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+UAL NNP B-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+a DT B-NP
+$ $ I-NP
+750 CD I-NP
+million CD I-NP
+equity NN I-NP
+investment NN I-NP
+, , O
+with IN B-PP
+a DT B-NP
+75 CD I-NP
+% NN I-NP
+stake NN I-NP
+going VBG B-VP
+to TO B-PP
+UAL NNP B-NP
+employees NNS I-NP
+and CC O
+10 CD B-NP
+% NN I-NP
+to TO B-PP
+UAL NNP B-NP
+management NN I-NP
+. . O
+
+British NNP B-NP
+Air NNP I-NP
+officials NNS I-NP
+said VBD B-VP
+the DT B-NP
+airline NN I-NP
+'s POS B-NP
+chairman NN I-NP
+, , O
+Lord NNP B-NP
+King NNP I-NP
+, , O
+was VBD B-VP
+concerned VBN B-ADJP
+about IN B-PP
+news NN B-NP
+reports NNS I-NP
+indicating VBG B-VP
+that IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+might MD B-VP
+be VB I-VP
+willing JJ B-ADJP
+to TO B-VP
+participate VB I-VP
+in IN B-PP
+a DT B-NP
+bid NN I-NP
+that WDT B-NP
+included VBD B-VP
+a DT B-NP
+lower JJR I-NP
+purchase NN I-NP
+price NN I-NP
+and CC O
+better JJR B-NP
+investment NN I-NP
+terms NNS I-NP
+for IN B-PP
+the DT B-NP
+British JJ I-NP
+carrier NN I-NP
+. . O
+
+The DT B-NP
+previous JJ I-NP
+reports NNS I-NP
+were VBD B-VP
+based VBN I-VP
+on IN B-PP
+remarks NNS B-NP
+by IN B-PP
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+chief JJ I-NP
+financial JJ I-NP
+officer NN I-NP
+, , O
+Derek NNP B-NP
+Stevens NNP I-NP
+, , O
+who WP B-NP
+said VBD B-VP
+any DT B-NP
+revised VBN I-NP
+bid NN I-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+include VB I-VP
+a DT B-NP
+lower JJR I-NP
+purchase NN I-NP
+price NN I-NP
+to TO B-VP
+reflect VB I-VP
+the DT B-NP
+sharp JJ I-NP
+drop NN I-NP
+in IN B-PP
+UAL NNP B-NP
+'s POS B-NP
+stock NN I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+week NN I-NP
+. . O
+
+UAL NNP B-NP
+stock NN I-NP
+dropped VBD B-VP
+$ $ B-NP
+1.625 CD I-NP
+yesterday NN B-NP
+to TO B-PP
+$ $ B-NP
+190.125 CD I-NP
+on IN B-PP
+volume NN B-NP
+of IN B-PP
+923,500 CD B-NP
+shares NNS I-NP
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+UAL NNP B-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+statement NN I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+interview NN I-NP
+Wednesday NNP B-NP
+with IN B-PP
+Dow NNP B-NP
+Jones NNP I-NP
+Professional NNP I-NP
+Investor NNP I-NP
+Report NNP I-NP
+, , O
+Mr. NNP B-NP
+Stevens NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+in IN B-PP
+no DT B-NP
+way NN I-NP
+committed VBN B-ADJP
+to TO B-PP
+a DT B-NP
+deal NN I-NP
+going VBG B-VP
+through IN B-PRT
+at IN B-ADVP
+all DT I-ADVP
+. . O
+
+We PRP B-NP
+'re VBP B-VP
+not RB I-VP
+rushing VBG I-VP
+into IN B-PP
+anything NN B-NP
+. . O
+
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+be VB I-VP
+party NN B-NP
+to TO B-PP
+a DT B-NP
+second JJ I-NP
+rejection NN I-NP
+. . O
+'' '' O
+
+Indeed RB B-ADVP
+, , O
+British NNP B-NP
+Air NNP I-NP
+seemed VBD B-VP
+to TO I-VP
+be VB I-VP
+distancing VBG I-VP
+itself PRP B-NP
+from IN B-PP
+the DT B-NP
+troubled JJ I-NP
+transaction NN I-NP
+early RB B-ADVP
+in IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+avoid VB I-VP
+any DT B-NP
+further JJ I-NP
+embarrassment NN I-NP
+. . O
+
+The DT B-NP
+original JJ I-NP
+transaction NN I-NP
+fell VBD B-VP
+through IN B-PRT
+on IN B-PP
+the DT B-NP
+same JJ I-NP
+day NN I-NP
+British NNP B-NP
+Air NNP I-NP
+shareholders NNS I-NP
+approved VBD B-VP
+the DT B-NP
+plan NN I-NP
+at IN B-PP
+a DT B-NP
+special JJ I-NP
+meeting NN I-NP
+after IN B-SBAR
+the DT B-NP
+British JJ I-NP
+succeeded VBN B-VP
+in IN B-PP
+arranging VBG B-VP
+the DT B-NP
+financing NN I-NP
+for IN B-PP
+its PRP$ B-NP
+equity NN I-NP
+contribution NN I-NP
+. . O
+
+The DT B-NP
+carrier NN I-NP
+also RB B-ADVP
+seemed VBD B-VP
+eager JJ B-ADJP
+to TO B-VP
+place VB I-VP
+blame NN B-NP
+on IN B-PP
+its PRP$ B-NP
+American JJ I-NP
+counterparts NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+-LCB- ( I-NP
+buy-out NN I-NP
+-RCB- ) I-NP
+consortium NN I-NP
+ceased VBD B-VP
+to TO I-VP
+exist VB I-VP
+because IN B-SBAR
+our PRP$ B-NP
+American JJ I-NP
+partners NNS I-NP
+were VBD B-VP
+not RB B-ADJP
+capable JJ I-ADJP
+of IN B-PP
+organizing VBG B-VP
+the DT B-NP
+financing NN I-NP
+, , O
+'' '' O
+a DT B-NP
+British NNP I-NP
+Air NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+British JJ B-NP
+Airways NNPS I-NP
+may MD B-VP
+have VB I-VP
+begun VBN I-VP
+to TO I-VP
+have VB I-VP
+second JJ B-NP
+thoughts NNS I-NP
+about IN B-PP
+the DT B-NP
+transaction NN I-NP
+after IN B-SBAR
+the DT B-NP
+Transportation NNP I-NP
+Department NNP I-NP
+forced VBD B-VP
+Northwest NNP B-NP
+'s POS B-NP
+Airlines NNPS I-NP
+' POS B-NP
+new JJ I-NP
+owners NNS I-NP
+to TO B-VP
+restructure VB I-VP
+the DT B-NP
+equity NN I-NP
+contribution NN I-NP
+of IN B-PP
+KLM NNP B-NP
+Royal NNP I-NP
+Dutch JJ I-NP
+Airlines NNPS I-NP
+in IN B-PP
+that DT B-NP
+carrier NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+department NN I-NP
+'s POS B-NP
+statements NNS I-NP
+since IN B-PP
+the DT B-NP
+Northwest NNP I-NP
+transaction NN I-NP
+indicated VBD B-VP
+it PRP B-NP
+planned VBD B-VP
+to TO I-VP
+curtail VB I-VP
+foreign JJ B-NP
+ownership NN I-NP
+stakes NNS I-NP
+in IN B-PP
+U.S. NNP B-NP
+carriers NNS I-NP
+. . O
+
+Even RB B-ADVP
+before IN B-PP
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+announcement NN I-NP
+, , O
+pilot NN B-NP
+union NN I-NP
+leaders NNS I-NP
+had VBD B-VP
+been VBN I-VP
+meeting NN I-VP
+in IN B-PP
+Chicago NNP B-NP
+yesterday NN B-NP
+to TO B-VP
+consider VB I-VP
+their PRP$ B-NP
+options NNS I-NP
+. . O
+
+The DT B-NP
+leaders NNS I-NP
+expressed VBD B-VP
+support NN B-NP
+for IN B-PP
+trying VBG B-VP
+to TO I-VP
+revive VB I-VP
+the DT B-NP
+bid NN I-NP
+following VBG B-PP
+a DT B-NP
+briefing NN I-NP
+Wednesday NNP B-NP
+by IN B-PP
+the DT B-NP
+union NN I-NP
+'s POS B-NP
+advisers NNS I-NP
+, , O
+Lazard NNP B-NP
+Freres NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+and CC O
+Paul NNP B-NP
+, , I-NP
+Weiss NNP I-NP
+, , I-NP
+Rifkind NNP I-NP
+Wharton NNP I-NP
+& CC I-NP
+Garrison NNP I-NP
+. . O
+
+They PRP B-NP
+also RB B-ADVP
+unanimously RB B-ADVP
+re-elected VBN B-VP
+Mr. NNP B-NP
+Dubinsky NNP I-NP
+, , O
+the DT B-NP
+union NN I-NP
+chairman NN I-NP
+who WP B-NP
+has VBZ B-VP
+led VBN I-VP
+the DT B-NP
+pilots NNS I-NP
+' POS B-NP
+2 CD O
+1\/2-year JJ O
+fight NN B-NP
+to TO B-VP
+take VB I-VP
+control NN B-NP
+of IN B-PP
+the DT B-NP
+airline NN I-NP
+. . O
+
+UAL NNP B-NP
+'s POS B-NP
+advisers NNS I-NP
+have VBP B-VP
+indicated VBN I-VP
+previously RB B-ADVP
+that IN B-SBAR
+it PRP B-NP
+may MD B-VP
+take VB I-VP
+a DT B-NP
+while JJ I-NP
+to TO B-VP
+come VB I-VP
+forward RB B-PRT
+with IN B-PP
+a DT B-NP
+revised VBN I-NP
+plan NN I-NP
+since IN B-SBAR
+they PRP B-NP
+want VBP B-VP
+to TO I-VP
+have VB I-VP
+firm NN B-NP
+bank NN I-NP
+commitments NNS I-NP
+before IN B-PP
+launching VBG B-VP
+a DT B-NP
+new JJ I-NP
+bid NN I-NP
+. . O
+
+They PRP B-NP
+have VBP B-VP
+maintained VBN I-VP
+that IN B-SBAR
+banks NNS B-NP
+remain VBP B-VP
+interested JJ B-ADJP
+in IN B-PP
+financing VBG B-VP
+the DT B-NP
+transaction NN I-NP
+. . O
+
+The DT B-NP
+buy-out NN I-NP
+fell VBD B-VP
+through IN B-PRT
+after IN B-SBAR
+Citicorp NNP B-NP
+and CC O
+Chase NNP B-NP
+Manhattan NNP I-NP
+Corp. NNP I-NP
+, , O
+the DT B-NP
+lead NN I-NP
+banks NNS I-NP
+in IN B-PP
+the DT B-NP
+transaction NN I-NP
+, , O
+failed VBD B-VP
+to TO I-VP
+obtain VB I-VP
+$ $ B-NP
+7.2 CD I-NP
+billion CD I-NP
+in IN B-PP
+financing NN B-NP
+needed VBN B-VP
+for IN B-PP
+the DT B-NP
+plan NN I-NP
+. . O
+
+Italy NNP B-NP
+'s POS B-NP
+industrial JJ I-NP
+wholesale JJ I-NP
+sales NNS I-NP
+index NN I-NP
+rose VBD B-VP
+13.2 CD B-NP
+% NN I-NP
+in IN B-PP
+June NNP B-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+the DT B-NP
+state NN I-NP
+statistical JJ I-NP
+institute NN I-NP
+Istat NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+June NNP I-NP
+increase NN I-NP
+compared VBN B-VP
+with IN B-PP
+a DT B-NP
+rise NN I-NP
+of IN B-PP
+10.5 CD B-NP
+% NN I-NP
+in IN B-PP
+May NNP B-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Domestic JJ B-NP
+wholesale JJ I-NP
+sales NNS I-NP
+rose VBD B-VP
+11.9 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+while IN B-SBAR
+foreign JJ B-NP
+sales NNS I-NP
+jumped VBD B-VP
+17.3 CD B-NP
+% NN I-NP
+, , O
+Istat NNP B-NP
+said VBD B-VP
+. . O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+six CD I-NP
+months NNS I-NP
+, , O
+wholesale JJ B-NP
+sales NNS I-NP
+rose VBD B-VP
+12.3 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+year NN I-NP
+before RB B-ADVP
+, , O
+reflecting VBG B-VP
+to TO B-PP
+a DT B-NP
+11.5 CD I-NP
+% NN I-NP
+jump NN I-NP
+in IN B-PP
+domestic JJ B-NP
+sales NNS I-NP
+and CC O
+a DT B-NP
+14.6 CD I-NP
+% NN I-NP
+boost NN I-NP
+in IN B-PP
+foreign JJ B-NP
+sales NNS I-NP
+. . O
+
+Sales NNS B-NP
+of IN B-PP
+capital NN B-NP
+goods NNS I-NP
+to TO B-PP
+foreign JJ B-NP
+and CC I-NP
+domestic JJ I-NP
+destinations NNS I-NP
+increased VBN B-VP
+16.6 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+January-June JJ I-NP
+period NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+of IN B-PP
+consumer NN B-NP
+goods NNS I-NP
+rose VBD B-VP
+6.9 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+period NN I-NP
+, , O
+while IN B-SBAR
+sales NNS B-NP
+of IN B-PP
+intermediate JJ B-NP
+goods NNS I-NP
+were VBD B-VP
+up IN B-ADVP
+13.8 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Senate NNP B-NP
+Democrats NNPS I-NP
+favoring VBG B-VP
+a DT B-NP
+cut NN I-NP
+in IN B-PP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+have VBP B-VP
+decided VBN I-VP
+, , O
+under IN B-PP
+pressure NN B-NP
+from IN B-PP
+their PRP$ B-NP
+leaders NNS I-NP
+, , O
+not RB O
+to TO B-VP
+offer VB I-VP
+their PRP$ B-NP
+own JJ I-NP
+proposal NN I-NP
+, , O
+placing VBG B-VP
+another DT B-NP
+obstacle NN I-NP
+in IN B-PP
+the DT B-NP
+path NN I-NP
+of IN B-PP
+President NNP B-NP
+Bush NNP I-NP
+'s POS B-NP
+legislative JJ I-NP
+priority NN I-NP
+. . O
+
+A DT B-NP
+core NN I-NP
+group NN I-NP
+of IN B-PP
+six CD B-NP
+or CC I-NP
+so RB I-NP
+Democratic JJ I-NP
+senators NNS I-NP
+has VBZ B-VP
+been VBN I-VP
+working VBG I-VP
+behind IN B-PP
+the DT B-NP
+scenes NNS I-NP
+to TO B-VP
+develop VB I-VP
+a DT B-NP
+proposal NN I-NP
+to TO B-VP
+reduce VB I-VP
+the DT B-NP
+tax NN I-NP
+on IN B-PP
+the DT B-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+assets NNS B-NP
+. . O
+
+The DT B-NP
+plan NN I-NP
+was VBD B-VP
+complete JJ B-ADJP
+except IN B-PP
+for IN B-PP
+finishing VBG B-NP
+touches NNS I-NP
+, , O
+and CC O
+there EX B-NP
+was VBD B-VP
+talk VB B-NP
+that IN B-SBAR
+it PRP B-NP
+would MD B-VP
+be VB I-VP
+unveiled VBN I-VP
+as RB B-ADVP
+early RB I-ADVP
+as IN B-PP
+yesterday NN B-NP
+. . O
+
+But CC O
+Senate NNP B-NP
+Majority NNP I-NP
+Leader NNP I-NP
+George NNP I-NP
+Mitchell NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Maine NNP B-NP
+-RRB- ) O
+, , O
+a DT B-NP
+vigorous JJ I-NP
+opponent NN I-NP
+of IN B-PP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+cut VB I-NP
+, , O
+called VBD B-VP
+the DT B-NP
+group NN I-NP
+to TO B-VP
+meet VB I-VP
+with IN B-PP
+him PRP B-NP
+Wednesday NNP B-NP
+night NN I-NP
+and CC O
+again RB B-ADVP
+yesterday NN B-NP
+. . O
+
+Sen. NNP B-NP
+Mitchell NNP I-NP
+urged VBD B-VP
+them PRP B-NP
+to TO B-VP
+desist VB I-VP
+. . O
+
+Afterward RB B-ADVP
+, , O
+leaders NNS B-NP
+of IN B-PP
+the DT B-NP
+dissident JJ I-NP
+Democrats NNPS I-NP
+relented VBD B-VP
+, , O
+and CC O
+said VBD B-VP
+they PRP B-NP
+would MD B-VP
+n't RB I-VP
+offer VB I-VP
+their PRP$ B-NP
+own JJ I-NP
+proposal NN I-NP
+as IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+planned VBN I-VP
+. . O
+
+The DT B-NP
+decision NN I-NP
+is VBZ B-VP
+a DT B-NP
+setback NN I-NP
+for IN B-PP
+President NNP B-NP
+Bush NNP I-NP
+, , O
+who WP B-NP
+needs VBZ B-VP
+the DT B-NP
+support NN I-NP
+of IN B-PP
+Democrats NNPS B-NP
+to TO B-VP
+pass VB I-VP
+the DT B-NP
+tax NN I-NP
+cut NN I-NP
+through IN B-PP
+the DT B-NP
+Democratic-controlled JJ I-NP
+Senate NNP I-NP
+. . O
+
+Having VBG B-VP
+a DT B-NP
+proposal NN I-NP
+sponsored VBN B-VP
+by IN B-PP
+Democrats NNPS B-NP
+would MD B-VP
+have VB I-VP
+given VBN I-VP
+the DT B-NP
+president NN I-NP
+an DT B-NP
+advantage NN I-NP
+. . O
+
+Having VBG B-VP
+only RB B-NP
+a DT I-NP
+Republican NNP I-NP
+measure NN I-NP
+makes VBZ B-VP
+the DT B-NP
+task NN I-NP
+harder JJR B-ADJP
+. . O
+
+Still RB B-ADVP
+, , O
+Sen. NNP B-NP
+Bob NNP I-NP
+Packwood NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Ore. NNP B-NP
+-RRB- ) O
+, , O
+the DT B-NP
+lead NN I-NP
+sponsor NN I-NP
+of IN B-PP
+the DT B-NP
+Republican NNP I-NP
+capital-gains NNS I-NP
+amendment NN I-NP
+, , O
+predicted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+tax NN I-NP
+cut NN I-NP
+would MD B-VP
+be VB I-VP
+enacted VBN I-VP
+this DT B-NP
+year NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+a DT B-NP
+clear JJ I-NP
+majority NN I-NP
+of IN B-PP
+senators NNS B-NP
+back RB B-VP
+the DT B-NP
+tax NN I-NP
+reduction NN I-NP
+and CC O
+that IN B-SBAR
+ultimately RB B-ADVP
+there EX B-NP
+would MD B-VP
+be VB I-VP
+enough JJ B-NP
+senators NNS I-NP
+to TO B-VP
+overcome VB I-VP
+any DT B-NP
+procedural JJ I-NP
+hurdle NN I-NP
+the DT B-NP
+Democratic JJ I-NP
+leadership NN I-NP
+might MD B-VP
+erect VB I-VP
+. . O
+
+But CC O
+Sen. NNP B-NP
+Mitchell NNP I-NP
+, , O
+buoyed VBN B-VP
+by IN B-PP
+his PRP$ B-NP
+victory NN I-NP
+among IN B-PP
+fellow NN B-NP
+Democrats NNPS I-NP
+, , O
+strongly RB B-ADVP
+disagreed VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Mitchell NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+predicting VBG I-VP
+that IN B-SBAR
+the DT B-NP
+president NN I-NP
+'s POS B-NP
+initiative NN I-NP
+would MD B-VP
+fail VB I-VP
+this DT B-NP
+year NN I-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+in IN B-PP
+an DT B-NP
+interview NN I-NP
+, , O
+he PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Democrats NNPS I-NP
+' POS B-NP
+decision NN I-NP
+`` `` O
+increases VBZ B-VP
+the DT B-NP
+likelihood NN I-NP
+that IN B-SBAR
+a DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+cut VB I-NP
+will MD B-VP
+not RB I-VP
+pass VB I-VP
+this DT B-NP
+year NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Mitchell NNP I-NP
+'s POS B-NP
+first JJ I-NP
+victory NN I-NP
+came VBD B-VP
+last JJ B-NP
+week NN I-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+Senate NNP I-NP
+passed VBD B-VP
+a DT B-NP
+deficit-reduction NN I-NP
+bill NN I-NP
+that WDT B-NP
+did VBD B-VP
+n't RB I-VP
+contain VB I-VP
+a DT B-NP
+capital-gains NNS I-NP
+provision NN I-NP
+. . O
+
+That DT B-NP
+vote NN I-NP
+made VBD B-VP
+it PRP B-NP
+unlikely JJ B-ADJP
+that IN B-SBAR
+a DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+cut VB I-NP
+would MD B-VP
+be VB I-VP
+included VBN I-VP
+in IN B-PP
+the DT B-NP
+final JJ I-NP
+bill NN I-NP
+, , O
+now RB B-VP
+being VBG I-VP
+drafted VBN I-VP
+by IN B-PP
+House NNP B-NP
+and CC I-NP
+Senate NNP I-NP
+negotiators NNS I-NP
+. . O
+
+The DT B-NP
+House NNP I-NP
+version NN I-NP
+of IN B-PP
+the DT B-NP
+bill NN I-NP
+does VBZ B-VP
+include VBP I-VP
+the DT B-NP
+tax NN I-NP
+cut NN I-NP
+. . O
+
+Now RB B-ADVP
+Republican NNP B-NP
+leaders NNS I-NP
+are VBP B-VP
+concentrating VBG I-VP
+on IN B-PP
+attaching VBG B-VP
+a DT B-NP
+capital-gains NNS I-NP
+amendment NN I-NP
+to TO B-PP
+some DT B-NP
+other JJ I-NP
+bill NN I-NP
+, , O
+perhaps RB B-ADVP
+a DT B-NP
+measure NN I-NP
+raising VBG B-VP
+the DT B-NP
+federal JJ I-NP
+borrowing NN I-NP
+limit NN I-NP
+or CC O
+a DT B-NP
+second JJ I-NP
+tax NN I-NP
+bill NN I-NP
+that WDT B-NP
+would MD B-VP
+follow VB I-VP
+on IN B-PP
+the DT B-NP
+heels NNS I-NP
+of IN B-PP
+the DT B-NP
+deficit-reduction NN I-NP
+legislation NN I-NP
+. . O
+
+To TO B-VP
+help VB I-VP
+lay VBD I-VP
+the DT B-NP
+groundwork NN I-NP
+for IN B-PP
+that DT B-NP
+fight NN I-NP
+, , O
+President NNP B-NP
+Bush NNP I-NP
+plans VBZ B-VP
+early JJ B-NP
+next JJ I-NP
+week NN I-NP
+to TO B-VP
+meet VB I-VP
+at IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+with IN B-PP
+some DT B-NP
+20 CD I-NP
+Democratic JJ I-NP
+senators NNS I-NP
+who WP B-NP
+favor VBP B-VP
+cutting VBG I-VP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+or CC O
+are VBP B-VP
+undecided JJ B-ADJP
+on IN B-PP
+the DT B-NP
+issue NN I-NP
+. . O
+
+The DT B-NP
+president NN I-NP
+apparently RB B-ADVP
+will MD B-VP
+have VB I-VP
+only RB B-NP
+one CD I-NP
+bill NN I-NP
+to TO B-VP
+push VB I-VP
+, , O
+Sen. NNP B-NP
+Packwood NNP I-NP
+'s POS B-NP
+, , O
+and CC O
+at IN B-ADVP
+least JJS I-ADVP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+dissident JJ I-NP
+Democrats NNPS I-NP
+plan NN B-VP
+to TO I-VP
+support VB I-VP
+it PRP B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+may MD B-VP
+want VB I-VP
+to TO I-VP
+offer VB I-VP
+additional JJ B-NP
+amendments NNS I-NP
+to TO B-VP
+improve VB I-VP
+it PRP B-NP
+when WRB B-ADVP
+the DT B-NP
+bill NN I-NP
+comes VBZ B-VP
+to TO B-PP
+the DT B-NP
+floor NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Sen. NNP B-NP
+David NNP I-NP
+Boren NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Okla. NNP B-NP
+-RRB- ) O
+, , O
+a DT B-NP
+leader NN I-NP
+of IN B-PP
+those DT B-NP
+Democrats NNPS I-NP
+. . O
+
+The DT B-NP
+Packwood NNP I-NP
+plan NN I-NP
+, , O
+as IN B-SBAR
+expected VBN B-VP
+, , O
+would MD B-VP
+allow VB I-VP
+individuals NNS B-NP
+to TO B-VP
+exclude VB I-VP
+from IN B-PP
+income NN B-NP
+5 NN B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+a DT B-NP
+capital NN I-NP
+asset NN I-NP
+held VBN B-VP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+one CD I-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+exclusion NN I-NP
+would MD B-VP
+rise VB I-VP
+five CD B-NP
+percentage NN I-NP
+points NNS I-NP
+for IN B-PP
+each DT B-NP
+year NN I-NP
+the DT B-NP
+asset NN I-NP
+was VBD B-VP
+held VBN I-VP
+, , O
+until IN B-SBAR
+it PRP B-NP
+reached VBD B-VP
+a DT B-NP
+maximum NN I-NP
+of IN B-PP
+35 CD B-NP
+% NN I-NP
+after IN B-PP
+seven CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+exclusion NN I-NP
+would MD B-VP
+apply VB I-VP
+to TO B-PP
+assets NNS B-NP
+sold VBN B-VP
+after IN B-PP
+Oct. NNP B-NP
+1 CD I-NP
+. . O
+
+As IN B-PP
+an DT B-NP
+alternative NN I-NP
+, , O
+taxpayers NNS B-NP
+could MD B-VP
+chose VBD I-VP
+to TO I-VP
+reduce VB I-VP
+their PRP$ B-NP
+gains NNS I-NP
+by IN B-PP
+an DT B-NP
+inflation NN I-NP
+index NN I-NP
+. . O
+
+For IN B-PP
+corporations NNS B-NP
+, , O
+the DT B-NP
+top JJ I-NP
+tax NN I-NP
+rate NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+assets NNS B-NP
+held VBN B-VP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+three CD I-NP
+years NNS I-NP
+would MD B-VP
+be VB I-VP
+cut VBN I-VP
+to TO B-PP
+33 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+current JJ I-NP
+top JJ I-NP
+rate NN I-NP
+of IN B-PP
+34 CD B-NP
+% NN I-NP
+. . O
+
+That DT B-NP
+rate NN I-NP
+would MD B-VP
+gradually RB I-VP
+decline VB I-VP
+to TO B-PP
+as RB B-NP
+little JJ I-NP
+as IN I-NP
+29 CD I-NP
+% NN I-NP
+for IN B-PP
+corporate JJ B-NP
+assets NNS I-NP
+held VBN B-VP
+for IN B-PP
+15 CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+Packwood NNP I-NP
+plan NN I-NP
+also RB B-ADVP
+would MD B-VP
+include VB I-VP
+a DT B-NP
+proposal NN I-NP
+, , O
+designed VBN B-VP
+by IN B-PP
+Sen. NNP B-NP
+William NNP I-NP
+Roth NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Del. NNP B-NP
+-RRB- ) O
+, , O
+that WDT B-NP
+would MD B-VP
+create VB I-VP
+new JJ B-NP
+tax NN I-NP
+benefits NNS I-NP
+for IN B-PP
+individual JJ B-NP
+retirement NN I-NP
+accounts NNS I-NP
+. . O
+
+The DT B-NP
+Roth NNP I-NP
+plan NN I-NP
+would MD B-VP
+create VB I-VP
+a DT B-NP
+new JJ I-NP
+, , I-NP
+non-deductible JJ I-NP
+IRA NNP I-NP
+from IN B-PP
+which WDT B-NP
+money NN B-NP
+could MD B-VP
+be VB I-VP
+withdrawn VBN I-VP
+tax-free JJ B-ADVP
+not RB B-CONJP
+only RB O
+for IN B-PP
+retirement NN B-NP
+, , O
+but CC B-CONJP
+also RB I-CONJP
+for IN B-PP
+the DT B-NP
+purchase NN I-NP
+of IN B-PP
+a DT B-NP
+first JJ I-NP
+home NN I-NP
+, , O
+education NN B-NP
+expenses NNS I-NP
+and CC O
+medical JJ B-NP
+expenses NNS I-NP
+. . O
+
+Current JJ B-NP
+IRAs NNS I-NP
+could MD B-VP
+be VB I-VP
+rolled VBN I-VP
+over IN B-PRT
+into IN B-PP
+the DT B-NP
+new JJ I-NP
+IRAs NNS I-NP
+, , O
+but CC O
+would MD B-VP
+be VB I-VP
+subject NN B-ADJP
+to TO B-PP
+tax VB B-NP
+though IN B-PP
+no DT B-NP
+penalty NN I-NP
+. . O
+
+Westmoreland NNP B-NP
+Coal NNP I-NP
+Co. NNP I-NP
+, , O
+realizing VBG B-VP
+benefits NNS B-NP
+of IN B-PP
+a DT B-NP
+sustained VBN I-NP
+effort NN I-NP
+to TO B-VP
+cut VB I-VP
+costs NNS B-NP
+and CC O
+boost VB B-VP
+productivity NN B-NP
+, , O
+reported VBD B-VP
+sharply RB B-NP
+improved VBN I-NP
+third-quarter JJ I-NP
+results NNS I-NP
+. . O
+
+The DT B-NP
+producer NN I-NP
+and CC I-NP
+marketer NN I-NP
+of IN B-PP
+low-sulfur JJ B-NP
+coal NN I-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+was VBD B-VP
+$ $ B-NP
+5.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+71 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+145.4 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+reported VBD B-VP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+520,000 CD I-NP
+or CC O
+six CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+latest JJS I-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+8.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.03 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+'s POS B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+3,524,000 CD I-NP
+included VBD B-VP
+a DT B-NP
+benefit NN I-NP
+of IN B-PP
+$ $ B-NP
+1,640,000 CD I-NP
+from IN B-PP
+an DT B-NP
+accounting NN I-NP
+change NN I-NP
+. . O
+
+Revenue NN B-NP
+for IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+449 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+441.1 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+interview NN I-NP
+, , O
+Pemberton NNP B-NP
+Hutchinson NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+, , O
+cited VBD B-VP
+several JJ B-NP
+reasons NNS I-NP
+for IN B-PP
+the DT B-NP
+improvement NN I-NP
+: : O
+higher JJR B-NP
+employee NN I-NP
+productivity NN I-NP
+and CC O
+`` `` B-NP
+good JJ I-NP
+natural JJ I-NP
+conditions NNS I-NP
+'' '' O
+in IN B-PP
+the DT B-NP
+mines NNS I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+lower JJR B-NP
+costs NNS I-NP
+for IN B-PP
+materials NNS B-NP
+, , O
+administrative JJ B-NP
+overhead NN I-NP
+and CC O
+debt NN B-NP
+interest NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+latest JJS I-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Mr. NNP B-NP
+Hutchinson NNP I-NP
+said VBD B-VP
+, , O
+total JJ B-NP
+coal NN I-NP
+sales NNS I-NP
+rose VBD B-VP
+to TO B-PP
+about IN B-NP
+14.6 CD I-NP
+million CD I-NP
+tons NNS I-NP
+from IN B-PP
+about IN B-NP
+14.3 CD I-NP
+million CD I-NP
+tons NNS I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+long-term JJ B-NP
+debt NN I-NP
+has VBZ B-VP
+been VBN I-VP
+trimmed VBN O
+to TO B-PP
+about RB B-NP
+$ $ I-NP
+72 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+96 CD I-NP
+million CD I-NP
+since IN B-PP
+Jan. NNP B-NP
+1 CD I-NP
+. . O
+
+He PRP B-NP
+predicted VBD B-VP
+the DT B-NP
+debt NN I-NP
+ratio NN I-NP
+will MD B-VP
+improve VB I-VP
+further JJ B-ADVP
+in IN B-PP
+coming VBG B-NP
+quarters NNS I-NP
+. . O
+
+Westmoreland NNP B-NP
+'s POS B-NP
+strategy NN I-NP
+is VBZ B-VP
+to TO B-VP
+retain VB I-VP
+and CC I-VP
+expand VB I-VP
+its PRP$ B-NP
+core NN I-NP
+business NN I-NP
+of IN B-PP
+mining NN B-VP
+and CC I-VP
+selling VBG I-VP
+low-sulphur JJ B-NP
+coal NN I-NP
+in IN B-PP
+the DT B-NP
+Appalachia NNP I-NP
+region NN I-NP
+. . O
+
+The DT B-NP
+operating VBG I-NP
+territory NN I-NP
+includes VBZ B-VP
+coal NN B-NP
+terminals NNS I-NP
+on IN B-PP
+the DT B-NP
+Ohio NNP I-NP
+River NNP I-NP
+and CC B-PP
+in IN B-PP
+Newport NNP B-NP
+News NNP I-NP
+, , O
+Va NNP B-NP
+. . O
+
+Westmoreland NNP B-NP
+exports NNS B-VP
+about IN B-NP
+a DT I-NP
+fourth JJ I-NP
+of IN B-PP
+its PRP$ B-NP
+coal NN I-NP
+tonnage NN I-NP
+, , O
+including VBG B-PP
+a DT B-NP
+significant JJ I-NP
+amount NN I-NP
+of IN B-PP
+metallurgical JJ B-NP
+coal NN I-NP
+produced VBN B-VP
+by IN B-PP
+others NNS B-NP
+that WDT B-NP
+is VBZ B-VP
+used VBN I-VP
+by IN B-PP
+steelmakers NNS B-NP
+overseas JJ B-ADVP
+. . O
+
+For IN B-PP
+the DT B-NP
+past JJ I-NP
+couple NN I-NP
+of IN B-PP
+years NNS B-NP
+, , O
+Westmoreland NNP B-NP
+has VBZ B-VP
+undertaken VBN I-VP
+an DT B-NP
+aggressive JJ I-NP
+streamlining NN I-NP
+of IN B-PP
+all DT B-NP
+aspects NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+business NN I-NP
+. . O
+
+Marginal JJ B-NP
+operations NNS I-NP
+and CC O
+assets NNS B-NP
+have VBP B-VP
+been VBN I-VP
+sold VBN I-VP
+. . O
+
+The DT B-NP
+size NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+board NN I-NP
+has VBZ B-VP
+been VBN I-VP
+reduced VBN I-VP
+to TO B-PP
+eight CD B-NP
+directors NNS I-NP
+from IN B-PP
+13 CD B-NP
+. . O
+
+About IN B-NP
+140 CD I-NP
+salaried JJ I-NP
+management NN I-NP
+jobs NNS I-NP
+and CC O
+hundreds NNS B-NP
+of IN B-PP
+hourly JJ B-NP
+wage NN I-NP
+positions NNS I-NP
+have VBP B-VP
+been VBN I-VP
+eliminated VBN I-VP
+. . O
+
+Even JJ B-NP
+perks NNS I-NP
+have VBP B-VP
+been VBN I-VP
+reduced VBN I-VP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+the DT B-NP
+chief JJ I-NP
+executive NN I-NP
+himself PRP B-NP
+now RB B-ADVP
+pays VBZ B-VP
+20 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+his PRP$ B-NP
+health NN I-NP
+benefits NNS I-NP
+; : O
+the DT B-NP
+company NN I-NP
+used VBN B-VP
+to TO I-VP
+pay VB I-VP
+100 CD B-NP
+% NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+the DT B-NP
+ship NN I-NP
+is VBZ B-VP
+now RB I-VP
+righted VBN I-VP
+, , O
+the DT B-NP
+bilges NNS I-NP
+are VBP B-VP
+pumped VBN I-VP
+and CC O
+we PRP B-NP
+are VBP B-VP
+on IN B-PP
+course NN B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Hutchinson NNP I-NP
+said VBD B-VP
+of IN B-PP
+the DT B-NP
+restructuring NN I-NP
+program NN I-NP
+. . O
+
+`` `` O
+Much RB B-NP
+of IN B-PP
+what WP B-NP
+we PRP B-NP
+set VBD B-VP
+out IN B-PRT
+to TO B-VP
+do VB I-VP
+is VBZ B-VP
+completed VBN I-VP
+. . O
+'' '' O
+
+But CC O
+he PRP B-NP
+cautioned VBD B-VP
+that IN O
+Westmoreland NNP B-NP
+'s POS B-NP
+third JJ I-NP
+quarter NN I-NP
+is VBZ B-VP
+typically RB B-ADVP
+better JJR B-ADJP
+than IN B-PP
+the DT B-NP
+fourth JJ I-NP
+, , O
+so RB O
+investors NNS B-NP
+`` `` O
+should MD B-VP
+n't RB I-VP
+just RB I-VP
+multiply VB I-VP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+by IN B-PP
+four CD B-NP
+'' '' O
+and CC O
+assume VB B-VP
+the DT B-NP
+same JJ I-NP
+rate NN I-NP
+of IN B-PP
+improvement NN B-NP
+can MD B-VP
+be VB I-VP
+sustained VBN I-VP
+. . O
+
+One CD B-NP
+difference NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+has VBZ B-VP
+significantly RB B-NP
+fewer JJR I-NP
+workdays NNS I-NP
+because IN B-PP
+of IN I-PP
+holidays NNS B-NP
+and CC O
+the DT B-NP
+hunting NN I-NP
+season NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+give VB I-VP
+the DT B-NP
+impression NN I-NP
+that DT B-SBAR
+everybody NN B-NP
+can MD B-VP
+relax VB I-VP
+now RB B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+have VBP B-VP
+to TO I-VP
+keep VB I-VP
+working VBG I-VP
+at IN B-PP
+improving VBG B-VP
+our PRP$ B-NP
+core NN I-NP
+business NN I-NP
+to TO B-VP
+stay VB I-VP
+efficient JJ B-ADJP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+process NN I-NP
+that IN B-NP
+never RB B-ADVP
+really RB B-ADVP
+ends VBZ B-VP
+. . O
+'' '' O
+
+Nevertheless RB B-ADVP
+, , O
+Mr. NNP B-NP
+Hutchinson NNP I-NP
+predicted VBD B-VP
+that IN B-SBAR
+1989 CD B-NP
+would MD B-VP
+be VB I-VP
+`` `` O
+solidly RB B-ADJP
+profitable JJ I-ADJP
+'' '' O
+for IN B-PP
+Westmoreland NNP B-NP
+and CC O
+that IN O
+1990 CD B-NP
+would MD B-VP
+bring VB I-VP
+`` `` O
+more JJR B-NP
+of IN B-PP
+the DT B-NP
+same JJ I-NP
+. . O
+'' '' O
+
+For IN B-PP
+all DT B-NP
+of IN B-PP
+1988 CD B-NP
+, , O
+the DT B-NP
+company NN I-NP
+reported VBD B-VP
+an DT B-NP
+after-tax JJ I-NP
+operating NN I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+134,000 CD I-NP
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+593.5 CD I-NP
+million CD I-NP
+. . O
+
+An DT B-NP
+accounting NN I-NP
+adjustment NN I-NP
+made VBD B-VP
+net JJ B-NP
+income NN I-NP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+18 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+move NN I-NP
+that WDT B-NP
+complements VBZ B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+basic JJ I-NP
+strategy NN I-NP
+, , O
+its PRP$ B-NP
+Westmoreland NNP I-NP
+Energy NNP I-NP
+Inc. NNP I-NP
+unit NN I-NP
+is VBZ B-VP
+developing VBG I-VP
+four CD B-NP
+coal-fired JJ I-NP
+cogeneration NN I-NP
+plants NNS I-NP
+with IN B-PP
+a DT B-NP
+partner NN I-NP
+in IN B-PP
+Virginia NNP B-NP
+. . O
+
+Some DT B-NP
+of IN B-PP
+the DT B-NP
+coal NN I-NP
+the DT B-NP
+plants NNS I-NP
+buy VBP B-VP
+will MD B-VP
+come VB I-VP
+from IN B-PP
+Westmoreland NNP B-NP
+mines NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Hutchinson NNP I-NP
+predicted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+unit NN I-NP
+'s POS B-NP
+contribution NN I-NP
+to TO B-PP
+company NN B-NP
+results NNS I-NP
+in IN B-PP
+the DT B-NP
+1990s CD I-NP
+`` `` O
+will MD B-VP
+be VB I-VP
+exciting JJ B-ADJP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+Westmoreland NNP B-NP
+is VBZ B-VP
+looking VBG I-VP
+at IN B-PP
+investment NN B-NP
+stakes NNS I-NP
+in IN B-PP
+other JJ B-NP
+cogeneration NN I-NP
+plants NNS I-NP
+east NN B-ADJP
+of IN B-PP
+the DT B-NP
+Mississippi NNP I-NP
+River NNP I-NP
+. . O
+
+Westmoreland NNP B-NP
+expects VBZ B-VP
+energy NN B-NP
+demand NN I-NP
+to TO B-VP
+grow VB I-VP
+annually RB B-ADVP
+in IN B-PP
+the DT B-NP
+2.5 CD I-NP
+% NN I-NP
+range NN I-NP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+1990s CD I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+see VBP B-VP
+coal NN B-NP
+'s POS B-NP
+piece NN I-NP
+of IN B-PP
+the DT B-NP
+action NN I-NP
+growing VBG B-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+Hutchinson NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Coal NNP B-NP
+prices NNS I-NP
+, , O
+while IN B-SBAR
+not RB O
+skyrocketing VBG B-VP
+, , O
+will MD B-VP
+grow VB I-VP
+modestly RB B-ADVP
+in IN B-PP
+real JJ B-NP
+terms NNS I-NP
+, , O
+we PRP B-NP
+think VBP B-VP
+. . O
+
+Chase NNP B-NP
+Manhattan NNP I-NP
+Corp. NNP I-NP
+, , O
+after IN B-PP
+trying VBG B-VP
+unsuccessfully RB I-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+interest NN I-NP
+in IN B-PP
+its PRP$ B-NP
+lower JJR I-NP
+Manhattan NNP I-NP
+operations NNS I-NP
+building NN I-NP
+, , O
+has VBZ B-VP
+exercised VBN I-VP
+its PRP$ B-NP
+option NN I-NP
+to TO B-VP
+purchase VB I-VP
+the DT B-NP
+50-story JJ I-NP
+office NN I-NP
+tower NN I-NP
+. . O
+
+Chase NNP B-NP
+had VBD B-VP
+purchased VBN I-VP
+an DT B-NP
+option NN I-NP
+to TO B-VP
+buy VB I-VP
+the DT B-NP
+building NN I-NP
+at IN B-PP
+One CD B-NP
+New NNP I-NP
+York NNP I-NP
+Plaza NNP I-NP
+for IN B-PP
+an DT B-NP
+undisclosed JJ I-NP
+sum NN I-NP
+from IN B-PP
+the DT B-NP
+late JJ I-NP
+Sol NNP I-NP
+Atlas NNP I-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+original JJ I-NP
+lease NN I-NP
+in IN B-PP
+1970 CD B-NP
+. . O
+
+The DT B-NP
+current JJ I-NP
+transaction NN I-NP
+cost NN B-VP
+the DT B-NP
+bank NN I-NP
+approximately RB B-NP
+$ $ I-NP
+140 CD I-NP
+million CD I-NP
+. . O
+
+Of IN B-PP
+that DT B-NP
+amount NN I-NP
+, , O
+$ $ B-NP
+20 CD I-NP
+million CD I-NP
+was VBD B-VP
+payment NN B-NP
+for IN B-PP
+the DT B-NP
+land NN I-NP
+underneath IN B-PP
+the DT B-NP
+building NN I-NP
+and CC O
+the DT B-NP
+rest NN I-NP
+was VBD B-VP
+for IN B-PP
+the DT B-NP
+building NN I-NP
+itself PRP B-NP
+. . O
+
+The DT B-NP
+building NN I-NP
+houses NNS B-VP
+about IN B-NP
+4,500 CD I-NP
+Chase NNP I-NP
+workers NNS I-NP
+, , O
+most RBS B-NP
+of IN B-PP
+whom WP B-NP
+will MD B-VP
+be VB I-VP
+moved VBN I-VP
+to TO B-PP
+downtown NN B-NP
+Brooklyn NNP I-NP
+after IN B-SBAR
+the DT B-NP
+bank NN I-NP
+'s POS B-NP
+new JJ I-NP
+back JJ I-NP
+office NN I-NP
+center NN I-NP
+is VBZ B-VP
+completed VBN I-VP
+in IN B-PP
+1993 CD B-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+Chase NNP B-NP
+'s POS B-NP
+strategy NN I-NP
+to TO B-VP
+consolidate VB I-VP
+its PRP$ B-NP
+back JJ I-NP
+offices NNS I-NP
+under IN B-PP
+one CD B-NP
+roof NN I-NP
+. . O
+
+The DT B-NP
+headquarters NN I-NP
+is VBZ B-VP
+located VBN I-VP
+a DT B-NP
+few JJ I-NP
+blocks NNS I-NP
+away RB B-ADVP
+at IN B-PP
+1 CD B-NP
+Chase NNP I-NP
+Manhattan NNP I-NP
+Plaza NNP I-NP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+decision NN I-NP
+to TO B-VP
+leave VB I-VP
+the DT B-NP
+building NN I-NP
+, , O
+Chase NNP B-NP
+tried VBD B-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+interest NN I-NP
+, , O
+along IN B-ADVP
+with IN B-PP
+the DT B-NP
+Atlas NNP I-NP
+estate NN I-NP
+'s POS B-NP
+interest NN I-NP
+, , O
+shortly RB B-ADVP
+after IN B-PP
+the DT B-NP
+October NNP I-NP
+1987 CD I-NP
+stock NN I-NP
+market NN I-NP
+crash NN I-NP
+. . O
+
+Chase NNP B-NP
+Senior NNP I-NP
+Vice NNP I-NP
+President NNP I-NP
+George NNP I-NP
+Scandalios NNP I-NP
+said VBD B-VP
+the DT B-NP
+bank NN I-NP
+decided VBD B-VP
+to TO I-VP
+exercise VB I-VP
+its PRP$ B-NP
+option NN I-NP
+after IN B-SBAR
+bids NNS B-NP
+fell VBD B-VP
+short NN B-ADVP
+of IN B-PP
+expectations NNS B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+Chase NNP B-NP
+and CC O
+the DT B-NP
+Atlas NNP I-NP
+estate NN I-NP
+were VBD B-VP
+looking VBG I-VP
+to TO I-VP
+sell VB I-VP
+the DT B-NP
+entire JJ I-NP
+building NN I-NP
+for IN B-PP
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+475 CD I-NP
+million CD I-NP
+, , O
+but CC O
+did VBD B-VP
+n't RB I-VP
+get VB I-VP
+an DT B-NP
+offer NN I-NP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+375 CD I-NP
+million CD I-NP
+. . O
+
+As IN B-PP
+the DT B-NP
+building NN I-NP
+'s POS B-NP
+new JJ I-NP
+owner NN I-NP
+, , O
+Chase NNP B-NP
+will MD B-VP
+have VB I-VP
+its PRP$ B-NP
+work NN I-NP
+cut NN B-VP
+out IN B-PRT
+for IN B-PP
+it PRP B-NP
+. . O
+
+Chase NNP B-NP
+is VBZ B-VP
+vacating VBG I-VP
+1.1 CD B-NP
+million CD I-NP
+square NN I-NP
+feet NNS I-NP
+of IN B-PP
+space NN B-NP
+, , O
+and CC O
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc. NNP I-NP
+, , O
+whose WP$ B-NP
+headquarters NN I-NP
+is VBZ B-VP
+in IN B-PP
+the DT B-NP
+building NN I-NP
+, , O
+also RB B-ADVP
+plans VBZ B-VP
+to TO I-VP
+move VB I-VP
+shortly RB B-ADVP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+another DT B-NP
+major JJ I-NP
+building NN I-NP
+tenant NN I-NP
+, , O
+Thomson NNP B-NP
+McKinnon NNP I-NP
+Inc. NNP I-NP
+'s POS B-NP
+Thomson NNP I-NP
+McKinnon NNP I-NP
+Securities NNPS I-NP
+, , O
+likely JJ B-ADVP
+will MD B-VP
+vacate VB I-VP
+the DT B-NP
+premises NNS I-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+liquidation NN I-NP
+. . O
+
+New NNP B-NP
+York NNP I-NP
+real JJ I-NP
+estate NN I-NP
+brokerage NN I-NP
+Edward NNP I-NP
+S. NNP I-NP
+Gordon NNP I-NP
+Co. NNP I-NP
+will MD B-VP
+have VB I-VP
+the DT B-NP
+difficult JJ I-NP
+task NN I-NP
+of IN B-PP
+finding VBG B-VP
+new JJ B-NP
+tenants NNS I-NP
+. . O
+
+Even RB B-ADVP
+with IN B-PP
+its PRP$ B-NP
+striking JJ I-NP
+views NNS I-NP
+of IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+harbor NN I-NP
+, , O
+the DT B-NP
+building NN I-NP
+is VBZ B-VP
+considered VBN I-VP
+antiquated JJ B-ADJP
+by IN B-PP
+modern JJ B-NP
+office NN I-NP
+standards NNS I-NP
+. . O
+
+And CC O
+Chase NNP B-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+spend VB I-VP
+approximately RB B-NP
+$ $ I-NP
+50 CD I-NP
+million CD I-NP
+to TO B-VP
+remove VB I-VP
+asbestos NN B-NP
+from IN B-PP
+the DT B-NP
+premises NNS I-NP
+. . O
+
+WALL NNP B-NP
+STREET NNP I-NP
+, , O
+SHAKE VB B-VP
+hands NNS B-NP
+with IN B-PP
+George NNP B-NP
+Orwell NNP I-NP
+. . O
+
+The DT B-NP
+author NN I-NP
+of IN B-PP
+the DT B-NP
+futuristic JJ I-NP
+novel NN I-NP
+`` `` I-NP
+1984 CD I-NP
+'' '' O
+invented VBN B-VP
+a DT B-NP
+language NN I-NP
+called VBN B-VP
+Newspeak NNP B-NP
+that WDT B-NP
+made VBD B-VP
+it PRP B-NP
+impossible JJ B-ADJP
+to TO B-VP
+fully RB I-VP
+develop VB I-VP
+a DT B-NP
+heretical JJ I-NP
+thought VBD I-NP
+-- : O
+that DT B-NP
+is VBZ B-VP
+, , O
+anything NN B-NP
+negative JJ B-ADJP
+about IN B-PP
+the DT B-NP
+policies NNS I-NP
+and CC I-NP
+practices NNS I-NP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+Wall NNP B-NP
+Street NNP I-NP
+has VBZ B-VP
+n't RB I-VP
+gotten VBN I-VP
+that IN B-ADVP
+far RB I-ADVP
+yet RB B-ADVP
+, , O
+but CC O
+it PRP B-NP
+has VBZ B-VP
+made VBN I-VP
+a DT B-NP
+promising JJ I-NP
+start NN I-NP
+. . O
+
+Its PRP$ B-NP
+language NN I-NP
+-- : O
+call VB B-VP
+it PRP B-NP
+Streetspeak NNP B-NP
+-- : O
+is VBZ B-VP
+increasingly RB B-ADVP
+mellifluous JJ B-ADJP
+, , O
+reassuring VBG B-ADJP
+, , O
+and CC O
+designed VBD B-VP
+to TO I-VP
+make VB I-VP
+financial JJ B-NP
+products NNS I-NP
+and CC I-NP
+maneuvers NNS I-NP
+appear VBP B-VP
+better JJR B-ADJP
+, , I-ADJP
+safer JJR I-ADJP
+or CC I-ADJP
+cheaper JJR I-ADJP
+than IN B-SBAR
+they PRP B-NP
+really RB B-ADVP
+are VBP B-VP
+. . O
+
+When WRB B-ADVP
+something NN B-NP
+undeniably RB B-ADJP
+nasty JJ I-ADJP
+happens VBZ B-VP
+, , O
+a DT B-NP
+few JJ I-NP
+euphemisms NNS I-NP
+are VBP B-VP
+deployed VBN I-VP
+to TO B-VP
+simply RB I-VP
+make VB I-VP
+it PRP B-NP
+disappear VB B-VP
+, , O
+much JJ B-ADVP
+as IN B-SBAR
+a DT B-NP
+fresh JJ I-NP
+grave NN I-NP
+may MD B-VP
+be VB I-VP
+covered VBN I-VP
+by IN B-PP
+a DT B-NP
+blanket NN I-NP
+of IN B-PP
+flowers NNS B-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+we PRP B-NP
+'ll MD B-VP
+bet VB I-VP
+you PRP B-NP
+thought VBD B-VP
+that IN B-SBAR
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+crashed VBD B-VP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+Wrong JJ B-ADJP
+. . O
+
+According VBG B-PP
+to TO B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+grand JJ I-NP
+panjandrums NNS I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+, , O
+it PRP B-NP
+never RB B-ADVP
+happened VBD B-VP
+. . O
+
+In IN B-PP
+their PRP$ B-NP
+lexicon NN I-NP
+the DT B-NP
+508-point JJ I-NP
+collapse NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+on IN B-PP
+Oct. NNP B-NP
+19 CD I-NP
+, , I-NP
+1987 CD I-NP
+, , O
+was VBD B-VP
+just RB B-NP
+a DT I-NP
+big JJ I-NP
+blip NN I-NP
+. . O
+
+Trotting VBG B-VP
+out RP B-PRT
+a DT B-NP
+much-beloved JJ I-NP
+Streetspeak NNP I-NP
+term NN I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+Chairman NNP I-NP
+John NNP I-NP
+Phelan NNP I-NP
+recently RB B-ADVP
+declared VBD B-VP
+that DT O
+history NN B-NP
+would MD B-VP
+record VB I-VP
+the DT B-NP
+event NN I-NP
+as IN B-PP
+only RB B-NP
+`` `` I-NP
+a DT I-NP
+major JJ I-NP
+technical JJ I-NP
+correction NN I-NP
+. . O
+'' '' O
+
+-LRB- ( O
+Another DT B-NP
+much-beloved JJ I-NP
+saying NN I-NP
+, , O
+however RB B-ADVP
+, , O
+this DT B-NP
+one CD I-NP
+in IN B-PP
+plain JJ B-NP
+English NNP I-NP
+, , O
+holds VBZ B-VP
+that IN B-SBAR
+if IN B-SBAR
+something NN B-NP
+walks VBZ B-VP
+like IN B-PP
+a DT B-NP
+duck NN I-NP
+and CC O
+quacks NNS B-VP
+like IN B-PP
+a DT B-NP
+duck NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+a DT B-NP
+duck NN I-NP
+. . O
+
+On IN B-PP
+Oct. NNP B-NP
+29 CD I-NP
+, , I-NP
+1929 CD I-NP
+-- : O
+a DT B-NP
+date NN I-NP
+historians NNS B-NP
+stubbornly RB B-ADVP
+insist VBP B-VP
+on IN B-PP
+associating VBG B-VP
+with IN B-PP
+the DT B-NP
+dreaded VBN I-NP
+C-word NN I-NP
+-- : O
+the DT B-NP
+DJ NNP I-NP
+industrials NNS I-NP
+fell VBD B-VP
+12.8 CD B-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+`` `` I-NP
+technical JJ I-NP
+correction NN I-NP
+'' '' O
+of IN B-PP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+they PRP B-NP
+lost VBD B-VP
+a DT B-NP
+whopping JJ I-NP
+22.6 CD I-NP
+% NN I-NP
+. . O
+-RRB- ) O
+
+Customers NNS B-NP
+hear VBP B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+this DT B-NP
+stuff NN I-NP
+from IN B-PP
+people NNS B-NP
+who WP B-NP
+try VBP B-VP
+to TO I-VP
+sell VB I-VP
+them PRP B-NP
+stock VB B-NP
+. . O
+
+These DT B-NP
+people NNS I-NP
+used VBN B-VP
+to TO I-VP
+be VB I-VP
+called VBN I-VP
+brokers NNS B-NP
+, , O
+but CC O
+apparently RB B-ADVP
+this DT B-NP
+word NN I-NP
+either DT O
+is VBZ B-VP
+not RB O
+grandiose JJ B-ADJP
+enough RB I-ADJP
+or CC O
+carries VBZ B-VP
+too RB B-NP
+many JJ I-NP
+negative JJ I-NP
+connotations NNS I-NP
+from IN B-PP
+the DT B-NP
+aforementioned JJ I-NP
+technical JJ I-NP
+correction NN I-NP
+, , O
+when WRB B-ADVP
+terrified VBN B-NP
+customers NNS I-NP
+could MD B-VP
+n't RB I-VP
+raise VB I-VP
+brokers NNS B-NP
+on IN B-PP
+the DT B-NP
+phone NN I-NP
+. . O
+
+Either CC B-NP
+way NN I-NP
+, , O
+the DT B-NP
+word NN I-NP
+`` `` I-NP
+broker NN I-NP
+'' '' O
+is VBZ B-VP
+clearly RB B-ADVP
+out IN B-PP
+of IN B-PP
+favor NN B-NP
+. . O
+
+Of IN B-PP
+the DT B-NP
+major JJ I-NP
+New NNP I-NP
+York-based JJ I-NP
+securities NNS I-NP
+firms NNS I-NP
+, , O
+only RB B-NP
+Morgan NNP I-NP
+Stanley NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+still RB B-ADVP
+calls VBZ B-VP
+its PRP$ B-NP
+salespeople NN I-NP
+brokers NNS B-NP
+. . O
+
+At IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+and CC O
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc. NNP I-NP
+, , O
+they PRP B-NP
+are VBP B-VP
+`` `` O
+financial JJ B-NP
+consultants NNS I-NP
+. . O
+'' '' O
+
+At IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc. NNP I-NP
+, , O
+Prudential NNP B-NP
+Bache NNP I-NP
+Securities NNPS I-NP
+, , O
+and CC O
+Dean NNP B-NP
+Witter NNP I-NP
+Reynolds NNP I-NP
+Inc. NNP I-NP
+, , O
+they PRP B-NP
+are VBP B-VP
+`` `` O
+account NN B-NP
+executives NNS I-NP
+. . O
+'' '' O
+
+At IN B-PP
+PaineWebber NNP B-NP
+Inc. NNP I-NP
+, , O
+they PRP B-NP
+are VBP B-VP
+`` `` O
+investment NN B-NP
+executives NNS I-NP
+. . O
+'' '' O
+
+Such JJ B-NP
+titles NNS I-NP
+are VBP B-VP
+designed VBN I-VP
+to TO I-VP
+convey VB I-VP
+a DT B-NP
+sense NN I-NP
+of IN B-PP
+dignified VBN B-NP
+, , I-NP
+broad-scale JJ I-NP
+competence NN I-NP
+and CC I-NP
+expertise NN I-NP
+in IN B-PP
+selling VBG B-VP
+today NN B-NP
+'s POS B-NP
+myriad JJ I-NP
+financial JJ I-NP
+products NNS I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+a DT B-NP
+competence NN I-NP
+and CC I-NP
+expertise NN I-NP
+that IN B-NP
+some DT B-NP
+brokers NNS I-NP
+themselves PRP B-NP
+, , O
+overwhelmed VBN B-VP
+by IN B-PP
+all PDT B-NP
+the DT I-NP
+new JJ I-NP
+things NNS I-NP
+being VBG B-VP
+dreamed VBN I-VP
+up IN B-PRT
+for IN B-SBAR
+them PRP B-NP
+to TO B-VP
+peddle VB I-VP
+, , O
+do VB B-VP
+n't RB I-VP
+feel VB I-VP
+. . O
+
+`` `` O
+It PRP B-NP
+s PRP B-VP
+almost JJ B-ADVP
+product NN B-NP
+de FW I-NP
+jour FW I-NP
+, , O
+'' '' O
+grouses VBZ B-VP
+one CD B-NP
+account NN I-NP
+executive NN I-NP
+at IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+. . O
+
+The DT B-NP
+transmogrified VBD I-NP
+brokers NNS I-NP
+never RB B-ADVP
+let VBP B-VP
+the DT B-NP
+C-word NN I-NP
+cross VB B-VP
+their PRP$ B-NP
+lips NNS I-NP
+, , O
+instead RB B-ADVP
+stressing VBG B-VP
+such JJ B-NP
+terms NNS I-NP
+as IN B-PP
+`` `` O
+safe JJ B-ADJP
+, , O
+'' '' O
+`` `` O
+insured VBN B-ADJP
+'' '' O
+and CC O
+`` `` O
+guaranteed VBN B-ADJP
+'' '' O
+-- : O
+even RB B-SBAR
+though IN I-SBAR
+these DT B-NP
+terms NNS I-NP
+may MD B-VP
+be VB I-VP
+severely RB I-VP
+limited JJ I-VP
+in IN B-PP
+their PRP$ B-NP
+application NN I-NP
+to TO B-PP
+a DT B-NP
+particular JJ I-NP
+new JJ I-NP
+financial JJ I-NP
+product NN I-NP
+. . O
+
+The DT B-NP
+names NNS I-NP
+of IN B-PP
+some DT B-NP
+of IN B-PP
+these DT B-NP
+products NNS I-NP
+do VBP B-VP
+n't RB I-VP
+suggest VB I-VP
+the DT B-NP
+risk NN I-NP
+involved VBN B-VP
+in IN B-PP
+buying VBG B-VP
+them PRP B-NP
+, , O
+either RB B-ADVP
+. . O
+
+A DT B-NP
+case NN I-NP
+in IN B-PP
+point NN B-NP
+: : O
+`` `` B-NP
+government-plus JJ I-NP
+'' '' I-NP
+bond NN I-NP
+funds NNS I-NP
+. . O
+
+What WP B-NP
+could MD O
+imply VB B-VP
+more JJR B-NP
+safety NN I-NP
+than IN B-PP
+investing VBG B-VP
+in IN B-PP
+government NN B-NP
+bonds NNS I-NP
+? . O
+
+What WP B-NP
+could MD O
+be VB B-VP
+better JJR B-ADJP
+than IN B-PP
+getting VBG B-VP
+a DT B-NP
+tad NN I-NP
+more JJR B-NP
+income NN I-NP
+from IN B-PP
+them PRP B-NP
+-LRB- ( O
+the DT B-NP
+plus CC I-NP
+-RRB- ) O
+than IN B-PP
+other JJ B-NP
+people NNS I-NP
+? . O
+
+Indeed RB B-ADVP
+, , O
+conservative JJ B-NP
+investors NNS I-NP
+, , O
+many NN B-NP
+of IN B-PP
+them PRP B-NP
+elderly JJ B-ADJP
+, , O
+have VBP B-VP
+poured VBN I-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+50 CD I-NP
+billion CD I-NP
+into IN B-PP
+such JJ B-NP
+funds NNS I-NP
+, , O
+which WDT B-NP
+promise VBP B-VP
+fatter JJR B-NP
+yields NNS I-NP
+than IN B-PP
+ordinary JJ B-NP
+Treasury NNP I-NP
+bonds NNS I-NP
+-- : O
+only RB B-ADVP
+to TO B-VP
+learn VB I-VP
+later RB B-ADVP
+that IN B-SBAR
+these DT B-NP
+funds NNS I-NP
+use VBP B-VP
+part NN B-NP
+of IN B-PP
+their PRP$ B-NP
+money NN I-NP
+to TO B-VP
+dabble VB I-VP
+in IN B-PP
+high-risk JJ B-NP
+bond NN I-NP
+options NNS I-NP
+, , O
+a DT B-NP
+gambler NN I-NP
+'s POS B-NP
+game NN I-NP
+. . O
+
+When WRB B-ADVP
+a DT B-NP
+certain JJ I-NP
+class NN I-NP
+of IN B-PP
+investment NN B-NP
+performs VBZ B-VP
+so RB B-ADVP
+poorly RB I-ADVP
+that IN B-SBAR
+its PRP$ B-NP
+reputation NN I-NP
+is VBZ B-VP
+tarnished VBN I-VP
+, , O
+look VB B-VP
+for IN B-SBAR
+Wall NNP B-NP
+Street NNP I-NP
+to TO B-VP
+give VB I-VP
+it PRP B-NP
+a DT B-NP
+new JJ I-NP
+moniker NN I-NP
+. . O
+
+This DT B-NP
+seems VBZ B-VP
+to TO I-VP
+be VB I-VP
+happening VBG I-VP
+now RB B-ADVP
+to TO B-PP
+limited JJ B-NP
+partnerships NNS I-NP
+, , O
+many NN B-NP
+of IN B-PP
+which WDT B-NP
+either DT O
+have NN B-VP
+gone VBN I-VP
+into IN B-PP
+the DT B-NP
+tank NN I-NP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+or CC O
+have VBP B-VP
+otherwise RB I-VP
+been VBN I-VP
+grievous JJ B-NP
+disappointments NNS I-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+still RB I-VP
+being VBG I-VP
+sold VBN I-VP
+, , O
+but CC O
+more JJR B-ADVP
+and CC I-ADVP
+more RBR I-ADVP
+often RB I-ADVP
+as IN B-PP
+`` `` O
+direct JJ B-NP
+investments NNS I-NP
+'' '' O
+-- : O
+with IN B-PP
+all PDT B-NP
+the DT I-NP
+same JJ I-NP
+risks NNS I-NP
+they PRP B-NP
+had VBD B-VP
+under IN B-PP
+the DT B-NP
+old JJ I-NP
+label NN I-NP
+. . O
+
+In IN B-PP
+such JJ B-NP
+cases NNS I-NP
+, , O
+the DT B-NP
+game NN I-NP
+has VBZ B-VP
+n't RB I-VP
+changed VBN I-VP
+, , O
+only RB B-ADVP
+the DT B-NP
+name NN I-NP
+. . O
+
+In IN B-PP
+others NNS B-NP
+a DT B-NP
+familiar JJ I-NP
+old JJ I-NP
+name NN I-NP
+still RB B-ADVP
+prevails VBZ B-VP
+, , O
+but CC O
+the DT B-NP
+underlying VBG I-NP
+game NN I-NP
+has VBZ B-VP
+changed VBN I-VP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+`` `` B-NP
+no DT I-NP
+load NN I-NP
+'' '' I-NP
+mutual JJ I-NP
+funds NNS I-NP
+remain VBP B-VP
+a DT B-NP
+favorite NN I-NP
+with IN B-PP
+investors NNS B-NP
+because IN B-SBAR
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+carry VB I-VP
+a DT B-NP
+frontend NN I-NP
+sales NNS I-NP
+commission NN I-NP
+. . O
+
+Getting VBG B-VP
+out IN B-PP
+of IN B-PP
+them PRP B-NP
+, , O
+however RB B-ADVP
+, , O
+may MD B-VP
+be VB I-VP
+a DT B-NP
+different JJ I-NP
+story NN I-NP
+now RB B-ADVP
+. . O
+
+Traditional JJ B-NP
+no-loads NNS I-NP
+made VBD B-VP
+their PRP$ B-NP
+money NN I-NP
+by IN B-PP
+charging VBG B-VP
+an DT B-NP
+annual JJ I-NP
+management NN I-NP
+fee NN I-NP
+, , O
+usually RB B-ADVP
+a DT B-NP
+modest JJ I-NP
+one CD I-NP
+; : O
+they PRP B-NP
+imposed VBD B-VP
+no DT B-NP
+other JJ I-NP
+fees NNS I-NP
+, , O
+and CC O
+many JJ B-NP
+still RB B-ADVP
+do VBP B-VP
+n't RB O
+. . O
+
+In IN B-PP
+recent JJ B-NP
+years NNS I-NP
+, , O
+though RB B-ADVP
+, , O
+a DT B-NP
+passel NN I-NP
+of IN B-PP
+others NNS B-NP
+flying VBG B-VP
+the DT B-NP
+no-load JJ I-NP
+flag NN I-NP
+have VBP B-VP
+been VBN I-VP
+imposing VBG I-VP
+hefty JJ B-NP
+charges NNS I-NP
+-- : O
+all PDT B-NP
+the DT I-NP
+way NN I-NP
+up IN B-NP
+to TO I-NP
+6 CD I-NP
+% NN I-NP
+-- : O
+when WRB B-ADVP
+an DT B-NP
+investor NN I-NP
+sells VBZ B-VP
+his PRP$ B-NP
+shares NNS I-NP
+. . O
+
+Should MD O
+n't RB O
+they PRP B-NP
+properly RB B-ADVP
+be VBP B-VP
+called VBN I-VP
+exit-load JJ B-NP
+funds NNS I-NP
+? . O
+
+The DT B-NP
+mutual-fund JJ I-NP
+industry NN I-NP
+is VBZ B-VP
+debating VBG I-VP
+the DT B-NP
+question NN I-NP
+, , O
+but CC O
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+a DT B-NP
+new JJ I-NP
+name NN I-NP
+while IN B-SBAR
+the DT B-NP
+old JJ I-NP
+one CD I-NP
+is VBZ B-VP
+working VBG I-VP
+so RB B-ADVP
+well RB I-ADVP
+. . O
+
+And CC O
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+anyone NN B-NP
+to TO B-VP
+change VB I-VP
+the DT B-NP
+term NN I-NP
+`` `` I-NP
+blue JJ I-NP
+chip NN I-NP
+, , O
+'' '' O
+either DT B-ADVP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+some DT B-NP
+of IN B-PP
+the DT B-NP
+companies NNS I-NP
+that WDT B-NP
+still RB B-ADVP
+enjoy VB B-VP
+the DT B-NP
+title NN I-NP
+may MD B-VP
+be VB I-VP
+riskier JJR B-NP
+investments NNS I-NP
+than IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+. . O
+
+American NNP B-NP
+Telephone NNP I-NP
+& CC I-NP
+Telegraph NNP I-NP
+Co. NNP I-NP
+, , O
+for IN B-PP
+one CD B-NP
+, , O
+is VBZ B-VP
+still RB B-ADVP
+a DT B-NP
+favorite NN I-NP
+of IN B-PP
+widows NNS B-NP
+, , O
+orphans NNS B-NP
+and CC O
+trust NN B-NP
+departments NNS I-NP
+-- : O
+but CC O
+shorn VB B-VP
+of IN B-PP
+its PRP$ B-NP
+regional JJ I-NP
+telephone NN I-NP
+units NNS I-NP
+and CC O
+exposed VBN B-VP
+to TO B-PP
+competition NN B-NP
+on IN B-PP
+every DT B-NP
+side NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+a DT B-NP
+far RB I-NP
+different JJ I-NP
+investment NN I-NP
+prospect NN I-NP
+than IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+before IN B-PP
+divestiture NN B-NP
+. . O
+
+Also RB B-ADVP
+, , O
+blue JJ B-NP
+chips NNS I-NP
+in IN B-PP
+general JJ B-ADJP
+have NN B-VP
+suffered VBN I-VP
+much RB B-NP
+more RBR I-NP
+short-term JJ I-NP
+price NN I-NP
+volatility NN I-NP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+. . O
+
+Larry NNP B-NP
+Biehl NNP I-NP
+, , O
+a DT B-NP
+money NN I-NP
+manager NN I-NP
+in IN B-PP
+San NNP B-NP
+Mateo NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+blames VBZ B-VP
+that IN B-NP
+on IN B-PP
+the DT B-NP
+advent NN I-NP
+of IN B-PP
+program NN B-NP
+trading NN I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+computers NNS B-NP
+used VBN B-VP
+by IN B-PP
+big JJ B-NP
+institutional JJ I-NP
+investors NNS I-NP
+are VBP B-VP
+programmed VBN I-VP
+to TO I-VP
+buy VB I-VP
+and CC I-VP
+sell VB I-VP
+big JJ B-NP
+blocks NNS I-NP
+when WRB B-ADVP
+certain JJ B-NP
+market NN I-NP
+conditions NNS I-NP
+prevail VBP B-VP
+. . O
+
+Blue JJ B-NP
+chips NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+are VBP B-VP
+now RB I-VP
+being VBG I-VP
+referred VBN I-VP
+to TO B-PP
+as IN B-PP
+poker NN B-NP
+chips NNS I-NP
+. . O
+'' '' O
+
+Finally RB B-ADVP
+, , O
+even RB B-NP
+the DT I-NP
+time-honored JJ I-NP
+strategy NN I-NP
+called VBN B-VP
+`` `` O
+value NN B-NP
+investing VBG I-NP
+'' '' O
+no RB B-ADVP
+longer RB I-ADVP
+means VBZ B-VP
+what WP B-NP
+it PRP B-NP
+once RB B-ADVP
+did VBD B-VP
+. . O
+
+Before IN B-PP
+the DT B-NP
+takeover NN I-NP
+mania NN I-NP
+of IN B-PP
+the DT B-NP
+'80s NNS I-NP
+, , O
+it PRP B-NP
+referred VBD B-VP
+to TO B-PP
+rooting VBG B-VP
+out IN B-PRT
+through IN B-PP
+analysis NN B-NP
+undervalued VBD B-NP
+stocks NNS I-NP
+, , O
+especially RB B-ADVP
+those DT B-NP
+with IN B-PP
+shrewd JJ B-NP
+management NN I-NP
+, , O
+sound NN B-NP
+fundamentals NNS I-NP
+and CC O
+decent JJ B-NP
+prospects NNS I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Biehl NNP I-NP
+, , O
+value NN B-NP
+investing VBG I-NP
+often RB B-ADVP
+means VBZ B-VP
+`` `` O
+looking VBG B-VP
+for IN B-PP
+downtrodden JJ B-NP
+companies NNS I-NP
+with IN B-PP
+terrible JJ B-NP
+management NN I-NP
+that WDT B-NP
+are VBP B-VP
+in IN B-PP
+real JJ B-NP
+trouble NN I-NP
+. . O
+'' '' O
+
+To TO B-PP
+institutional JJ B-NP
+investors NNS I-NP
+or CC O
+brokers NNS B-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+a DT B-NP
+company NN I-NP
+with IN B-PP
+value NN B-NP
+is VBZ B-VP
+a DT B-NP
+company NN I-NP
+at IN B-PP
+risk NN B-NP
+of IN B-PP
+being VBG B-VP
+swallowed VBN I-VP
+up RB B-PRT
+. . O
+
+Ms. NNP B-NP
+Bettner NNP I-NP
+covers VBZ B-VP
+personal JJ B-NP
+finance NN I-NP
+from IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+bureau NN I-NP
+. . O
+
+I PRP B-NP
+was VBD B-VP
+amused VBN B-ADJP
+to TO B-VP
+read VB I-VP
+your PRP$ B-NP
+recent JJ I-NP
+news NN I-NP
+stories NNS I-NP
+on IN B-PP
+the DT B-NP
+banking NN I-NP
+industry NN I-NP
+'s POS B-NP
+reserve NN I-NP
+additions NNS I-NP
+and CC O
+concomitant JJ B-NP
+threats NNS I-NP
+to TO B-VP
+cease VB I-VP
+making VBG I-VP
+new JJ B-NP
+loans NNS I-NP
+to TO B-PP
+less-developed JJ B-NP
+countries NNS I-NP
+. . O
+
+If IN B-SBAR
+the DT B-NP
+whole JJ I-NP
+story NN I-NP
+were VBD B-VP
+told VBN I-VP
+, , O
+it PRP B-NP
+would MD B-VP
+read VB I-VP
+something NN B-NP
+like IN B-PP
+this DT B-NP
+: : O
+
+-- : O
+During IN B-PP
+the DT B-NP
+1970s NNS I-NP
+the DT B-NP
+commercial JJ I-NP
+banks NNS I-NP
+lured VBD B-VP
+the DT B-NP
+country NN I-NP
+loan NN I-NP
+business NN I-NP
+away RB B-ADVP
+from IN B-PP
+the DT B-NP
+bond NN I-NP
+markets NNS I-NP
+where WRB B-ADVP
+the DT B-NP
+discipline NN I-NP
+of IN B-PP
+a DT B-NP
+prospectus NN I-NP
+and CC O
+`` `` O
+Use VB O
+of IN B-PP
+Proceeds NNS B-NP
+'' '' B-NP
+confirmation NN I-NP
+allowed VBD B-VP
+lenders NNS B-NP
+to TO B-VP
+audit VB I-VP
+expenditures NNS B-NP
+of IN B-PP
+old JJ B-NP
+loans NNS I-NP
+before IN B-SBAR
+new JJ B-NP
+loans NNS I-NP
+were VBD B-VP
+made VBN I-VP
+. . O
+
+-- : O
+The DT B-NP
+reward NN I-NP
+for IN B-PP
+that DT B-NP
+reckless JJ I-NP
+lending NN I-NP
+was VBD B-VP
+high NN B-NP
+reported VBD I-NP
+earnings NNS I-NP
+-LRB- ( O
+and CC O
+management NN O
+bonuses NNS O
+-RRB- ) O
+; : O
+the DT B-NP
+price NN I-NP
+, , O
+a DT B-NP
+sea NN I-NP
+of IN B-PP
+bad JJ B-NP
+loans NNS I-NP
+. . O
+
+-- : O
+For IN B-PP
+the DT B-NP
+past JJ I-NP
+several JJ I-NP
+years NNS I-NP
+, , O
+the DT B-NP
+banks NNS I-NP
+, , O
+lacking VBG B-VP
+a DT B-NP
+private JJ I-NP
+navy NN I-NP
+to TO B-VP
+enforce VB I-VP
+their PRP$ B-NP
+interests NNS I-NP
+, , O
+have VBP B-VP
+been VBN I-VP
+pressuring VBG I-VP
+the DT B-NP
+U.S. NNP I-NP
+Treasury NNP I-NP
+to TO B-VP
+underwrite VB I-VP
+their PRP$ B-NP
+bad JJ I-NP
+LDC NNP I-NP
+credits NNS I-NP
+. . O
+
+-- : O
+The DT B-NP
+Treasury NNP I-NP
+wisely RB B-ADVP
+has VBZ B-VP
+refused VBN I-VP
+, , O
+but CC O
+has VBZ B-VP
+concluded VBN I-VP
+that IN B-SBAR
+indirect JJ B-NP
+credit NN I-NP
+support NN I-NP
+through IN B-PP
+various JJ B-NP
+multinational JJ I-NP
+agencies NNS I-NP
+should MD B-VP
+be VB I-VP
+made VBN I-VP
+available JJ B-ADJP
+for IN B-PP
+a DT B-NP
+price NN I-NP
+: : O
+either DT O
+debt NN B-NP
+reduction NN I-NP
+or CC O
+debt-service JJ B-NP
+reduction NN I-NP
+or CC O
+new JJ B-NP
+loans NNS I-NP
+-LRB- ( O
+the DT B-NP
+Brady NNP I-NP
+Plan NNP I-NP
+-RRB- ) O
+. . O
+
+-- : O
+The DT B-NP
+banks NNS I-NP
+will MD B-VP
+threaten VB I-VP
+not RB O
+to TO B-VP
+make VB I-VP
+further JJ B-NP
+loans NNS I-NP
+, , O
+but CC O
+in IN B-PP
+truth NN B-NP
+, , O
+lacking VBG B-VP
+the DT B-NP
+capital NN I-NP
+to TO B-VP
+write VB I-VP
+off IN B-PRT
+their PRP$ B-NP
+mistakes NNS I-NP
+or CC O
+to TO B-VP
+build VB I-VP
+a DT B-NP
+navy NN I-NP
+, , O
+they PRP B-NP
+have VBP B-VP
+no DT B-NP
+alternative NN I-NP
+but CC O
+to TO B-VP
+go VB I-VP
+along RB B-PRT
+. . O
+
+George NNP B-NP
+A. NNP I-NP
+Wiegers NNP I-NP
+
+Gillette NNP B-NP
+Co. NNP I-NP
+elected VBD B-VP
+Warren NNP B-NP
+E. NNP I-NP
+Buffett NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Berkshire NNP B-NP
+Hathaway NNP I-NP
+Inc. NNP I-NP
+, , O
+to TO B-PP
+its PRP$ B-NP
+board NN I-NP
+, , O
+increasing VBG B-VP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+directors NNS B-NP
+to TO B-PP
+12 CD B-NP
+from IN B-PP
+11 CD B-NP
+. . O
+
+Berkshire NNP B-NP
+Hathaway NNP I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+bought VBD B-VP
+$ $ B-NP
+600 CD I-NP
+million CD I-NP
+of IN B-PP
+preferred JJ B-NP
+stock NN I-NP
+in IN B-PP
+Gillette NNP B-NP
+that WDT B-NP
+is VBZ B-VP
+convertible JJ B-ADJP
+into IN B-PP
+an DT B-NP
+11 CD I-NP
+% NN I-NP
+stake NN I-NP
+, , O
+and CC O
+Gillette NNP B-NP
+said VBD B-VP
+at IN B-PP
+the DT B-NP
+time NN I-NP
+that IN B-SBAR
+Mr. NNP B-NP
+Buffett NNP I-NP
+would MD B-VP
+be VB I-VP
+added VBN I-VP
+to TO B-PP
+the DT B-NP
+board NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+Gillette NNP B-NP
+said VBD B-VP
+its PRP$ B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+rose VBD B-VP
+2 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+65.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+57 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+63.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+57 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+; : O
+per-share JJ B-NP
+earnings NNS I-NP
+remained VBD B-VP
+flat JJ B-ADJP
+despite IN B-PP
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+net JJ B-NP
+income NN I-NP
+in IN B-PP
+part NN B-NP
+because IN B-SBAR
+the DT B-NP
+company NN I-NP
+paid VBD B-VP
+a DT B-NP
+$ $ I-NP
+10.4 CD I-NP
+million CD I-NP
+dividend NN I-NP
+on IN B-PP
+the DT B-NP
+new JJ I-NP
+preferred JJ I-NP
+stock NN I-NP
+in IN B-PP
+the DT B-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+9 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+921.6 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+845.7 CD I-NP
+million CD I-NP
+, , O
+with IN B-SBAR
+sales NNS B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+international\/diversified VBN I-NP
+operations NNS I-NP
+`` `` B-PP
+well RB I-PP
+above IN I-PP
+'' '' O
+the DT B-NP
+year NN I-NP
+earlier-period NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Gillette NNP B-NP
+'s POS B-NP
+net JJ I-NP
+income NN I-NP
+declined VBD B-VP
+1 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+205.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.02 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+207 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.82 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+1988 CD I-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.77 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.61 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+45.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+25 CD B-NP
+cents NNS I-NP
+. . O
+
+When WRB B-ADVP
+Walter NNP B-NP
+Yetnikoff NNP I-NP
+, , O
+the DT B-NP
+president NN I-NP
+of IN B-PP
+Sony NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+CBS NNP I-NP
+Records NNPS I-NP
+, , O
+last JJ B-NP
+month NN I-NP
+told VBD B-VP
+producer NN B-NP
+Peter NNP I-NP
+Guber NNP I-NP
+that IN B-SBAR
+Sony NNP B-NP
+was VBD B-VP
+about IN O
+to TO B-VP
+make VB I-VP
+a DT B-NP
+$ $ I-NP
+3.4 CD I-NP
+billion CD I-NP
+bid NN I-NP
+for IN B-PP
+Columbia NNP B-NP
+Pictures NNPS I-NP
+and CC O
+needed VBN B-VP
+someone NN B-NP
+to TO B-VP
+run VB I-VP
+the DT B-NP
+studio NN I-NP
+, , O
+Mr. NNP B-NP
+Guber NNP I-NP
+jumped VBD B-VP
+at IN B-PP
+the DT B-NP
+chance NN I-NP
+. . O
+
+Within IN B-PP
+two CD B-NP
+days NNS I-NP
+, , O
+he PRP B-NP
+was VBD B-VP
+on IN B-PP
+his PRP$ B-NP
+way NN I-NP
+to TO B-PP
+New NNP B-NP
+York NNP I-NP
+and CC O
+Tokyo NNP B-NP
+to TO B-VP
+meet VB I-VP
+with IN B-PP
+top JJ B-NP
+brass NN I-NP
+at IN B-PP
+Sony NNP B-NP
+. . O
+
+And CC O
+before IN B-SBAR
+the DT B-NP
+week NN I-NP
+was VBD B-VP
+out IN B-ADJP
+, , O
+Sony NNP B-NP
+had VBD B-VP
+offered VBN I-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+his PRP$ B-NP
+partner NN I-NP
+, , O
+Jon NNP B-NP
+Peters NNP I-NP
+, , O
+the DT B-NP
+most RBS I-NP
+lucrative JJ I-NP
+employment NN I-NP
+contracts NNS I-NP
+in IN B-PP
+the DT B-NP
+history NN I-NP
+of IN B-PP
+the DT B-NP
+movie NN I-NP
+business NN I-NP
+. . O
+
+Not RB B-CONJP
+only RB I-CONJP
+that IN B-NP
+, , O
+Sony NNP B-NP
+also RB B-ADVP
+agreed VBD B-VP
+to TO I-VP
+give VB I-VP
+them PRP B-NP
+a DT B-NP
+stake NN I-NP
+in IN B-PP
+Columbia NNP B-NP
+'s POS B-NP
+future NN I-NP
+profits NNS I-NP
+and CC O
+buy VB B-VP
+their PRP$ B-NP
+company NN I-NP
+, , O
+Guber NNP B-NP
+Peters NNP I-NP
+Entertainment NNP I-NP
+Co. NNP I-NP
+, , O
+for IN B-PP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+, , O
+almost RB B-NP
+40 CD I-NP
+% NN I-NP
+more JJR B-ADJP
+than IN B-PP
+the DT B-NP
+market NN I-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+
+There EX B-NP
+was VBD B-VP
+just RB B-NP
+one CD I-NP
+sticking VBG I-NP
+point NN I-NP
+: : O
+The DT B-NP
+two CD I-NP
+had VBD B-VP
+a DT B-NP
+prior JJ I-NP
+commitment NN I-NP
+. . O
+
+Just RB B-NP
+seven CD I-NP
+months NNS I-NP
+earlier RBR B-ADVP
+, , O
+they PRP B-NP
+had VBD B-VP
+signed VBN I-VP
+a DT B-NP
+five-year JJ I-NP
+exclusive JJ I-NP
+contract NN I-NP
+to TO B-VP
+make VB I-VP
+movies NNS B-NP
+for IN B-PP
+Warner NNP B-NP
+Bros. NNP I-NP
+for IN B-PP
+which WDT B-NP
+they PRP B-NP
+had VBD B-VP
+just RB I-VP
+produced VBN I-VP
+the DT B-NP
+smash NN I-NP
+hit VBD I-NP
+`` `` I-NP
+Batman NNP I-NP
+. . O
+'' '' O
+
+But CC O
+Mr. NNP B-NP
+Guber NNP I-NP
+figured VBD B-VP
+that IN B-SBAR
+Warner NNP B-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+chairman NN I-NP
+Steven NNP I-NP
+Ross NNP I-NP
+, , O
+would MD B-VP
+empathize VB I-VP
+and CC O
+let VB B-VP
+the DT B-NP
+producers NNS I-NP
+go VBP B-VP
+, , O
+knowing VBG B-VP
+the DT B-NP
+Sony NNP I-NP
+offer NN I-NP
+was VBD B-VP
+`` `` O
+the DT B-NP
+culmination NN I-NP
+of IN B-PP
+a DT B-NP
+life NN I-NP
+'s POS B-NP
+work NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+figured VBD B-VP
+wrong JJ B-ADVP
+. . O
+
+Last JJ B-NP
+week NN I-NP
+, , O
+following VBG B-PP
+fruitless JJ B-NP
+settlement NN I-NP
+talks NNS I-NP
+, , O
+Warner NNP B-NP
+, , O
+now RB B-ADVP
+merging VBG B-VP
+with IN B-PP
+Time NNP B-NP
+Inc. NNP I-NP
+, , O
+filed VBD B-VP
+a DT O
+$ $ O
+1 CD O
+billion CD O
+breach NN O
+of IN B-PP
+contract NN B-NP
+suit NN B-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+Superior NNP I-NP
+Court NNP I-NP
+against IN B-PP
+both DT B-NP
+Sony NNP B-NP
+and CC O
+Guber NNP B-NP
+Peters NNP I-NP
+. . O
+
+Sony NNP B-NP
+promptly RB B-ADVP
+countersued VBD B-VP
+, , O
+charging VBG B-VP
+Warner NNP B-NP
+with IN B-PP
+trying VBG B-VP
+to TO I-VP
+sabotage VB I-VP
+its PRP$ B-NP
+acquisitions NNS I-NP
+and CC O
+hurt VBN B-VP
+its PRP$ B-NP
+efforts NNS I-NP
+to TO B-VP
+enter VB I-VP
+the DT B-NP
+U.S. NNP I-NP
+movie NN I-NP
+business NN I-NP
+. . O
+
+The DT B-NP
+accusations NNS I-NP
+of IN B-PP
+lying VBG B-NP
+and CC I-NP
+duplicity NN I-NP
+are VBP B-VP
+flying VBG I-VP
+thick JJ B-ADVP
+and CC I-ADVP
+fast RB I-ADVP
+on IN B-PP
+both DT B-NP
+sides NNS I-NP
+: : O
+As IN B-SBAR
+one CD B-NP
+Sony NNP I-NP
+executive NN I-NP
+puts VBZ B-VP
+it PRP B-NP
+, , O
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+World NNP B-NP
+War NNP I-NP
+III NNP I-NP
+. . O
+'' '' O
+
+That DT B-SBAR
+two CD B-NP
+successful JJ I-NP
+producers NNS I-NP
+who WP B-NP
+are VBP B-VP
+n't RB O
+all DT B-ADJP
+that NN I-ADJP
+well RB I-ADJP
+known VBN I-ADJP
+outside IN B-PP
+Hollywood NNP B-NP
+could MD B-VP
+occasion VB I-VP
+such JJ B-NP
+a DT I-NP
+clash NN I-NP
+of IN B-PP
+corporate JJ B-NP
+titans NNS I-NP
+suggests VBZ B-VP
+how WRB B-ADJP
+desperate JJ I-ADJP
+the DT B-NP
+quest NN I-NP
+for IN B-PP
+proven VBN B-NP
+talent NN I-NP
+is VBZ B-VP
+in IN B-PP
+the DT B-NP
+movie NN I-NP
+business NN I-NP
+. . O
+
+And CC O
+they PRP B-NP
+are VBP B-VP
+a DT B-NP
+very RB I-NP
+odd JJ I-NP
+team NN I-NP
+in IN B-PP
+any DT B-NP
+case NN I-NP
+. . O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+was VBD B-VP
+raised VBN I-VP
+in IN B-PP
+Boston NNP B-NP
+and CC O
+educated VBN B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+a DT B-NP
+lawyer NN I-NP
+with IN B-PP
+a DT B-NP
+string NN I-NP
+of IN B-PP
+academic JJ B-NP
+degrees NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Peters NNP I-NP
+is VBZ B-VP
+a DT B-NP
+high-school NN I-NP
+dropout NN I-NP
+who WP B-NP
+came VBD B-VP
+to TO B-PP
+fame VB B-NP
+as IN B-PP
+Barbra NNP B-NP
+Streisand NNP I-NP
+'s POS B-NP
+hairdresser NN I-NP
+. . O
+
+Yet RB B-ADVP
+, , O
+they PRP B-NP
+are VBP B-VP
+far RB B-ADVP
+and CC I-ADVP
+away RB I-ADVP
+the DT B-NP
+most RBS I-NP
+prolific JJ I-NP
+producers NNS I-NP
+in IN B-PP
+Hollywood NNP B-NP
+. . O
+
+And CC O
+despite IN B-PP
+their PRP$ B-NP
+share NN I-NP
+of IN B-PP
+duds NNS B-NP
+, , O
+they PRP B-NP
+make VBP B-VP
+movies NNS B-NP
+that WDT B-NP
+make VBP B-VP
+money NN B-NP
+. . O
+
+That DT B-NP
+is VBZ B-VP
+a DT B-NP
+skill NN I-NP
+Sony NNP B-NP
+badly RB B-ADVP
+needs VBZ B-VP
+-- : O
+and CC O
+Warner NNP B-NP
+is VBZ B-VP
+loath JJ B-ADJP
+to TO B-VP
+lose VB I-VP
+. . O
+
+Although IN B-SBAR
+Columbia NNP B-NP
+had VBD B-VP
+a DT B-NP
+good JJ I-NP
+summer NN I-NP
+with IN B-PP
+`` `` O
+Ghostbusters NNP B-NP
+II NNP I-NP
+'' '' O
+and CC O
+`` `` O
+When WRB B-ADVP
+Harry NNP B-NP
+Met NNP B-VP
+Sally NNP B-NP
+, , O
+'' '' O
+rivals NNS B-NP
+such JJ B-PP
+as IN I-PP
+Warner NNP B-NP
+, , O
+Paramount NNP B-NP
+Pictures NNPS I-NP
+, , O
+Walt NNP B-NP
+Disney NNP I-NP
+Co. NNP I-NP
+and CC O
+Universal NNP B-NP
+Studios NNP I-NP
+have VBP B-VP
+been VBN I-VP
+thrashing NN I-VP
+Columbia NNP B-NP
+at IN B-PP
+the DT B-NP
+box NN I-NP
+office NN I-NP
+. . O
+
+After IN B-PP
+five CD B-NP
+years NNS I-NP
+of IN B-PP
+management NN B-NP
+turmoil NN I-NP
+, , O
+with IN B-PP
+four CD B-NP
+different JJ I-NP
+studio NN I-NP
+heads NNS I-NP
+, , O
+Columbia NNP B-NP
+sorely RB B-ADVP
+needs VBZ B-VP
+a DT B-NP
+stable NN I-NP
+, , I-NP
+savvy JJ I-NP
+team NN I-NP
+to TO B-VP
+restore VB I-VP
+its PRP$ B-NP
+credibility NN I-NP
+and CC O
+get VB B-VP
+it PRP B-NP
+back RB B-ADVP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+of IN B-PP
+making VBG B-VP
+hits NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+are VBP B-VP
+n't RB I-VP
+universally RB I-VP
+loved VBD I-VP
+in IN B-PP
+Hollywood NNP B-NP
+but CC O
+they PRP B-NP
+are VBP B-VP
+well RB B-ADJP
+connected VBN I-ADJP
+. . O
+
+Their PRP$ B-NP
+stock NN I-NP
+in IN B-PP
+trade NN B-NP
+as IN B-PP
+`` `` B-NP
+executive NN I-NP
+producers NNS I-NP
+'' '' O
+is VBZ B-VP
+sniffing VBG I-VP
+out RP B-PRT
+hot JJ B-NP
+properties NNS I-NP
+, , O
+locking JJ B-VP
+them PRP B-NP
+up IN B-PRT
+and CC O
+then RB B-VP
+getting VBG I-VP
+big JJ B-NP
+studios NNS I-NP
+to TO B-VP
+bankroll VB I-VP
+and CC I-VP
+distribute VB I-VP
+them PRP B-NP
+. . O
+
+Sometimes RB B-ADVP
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+do VBP B-VP
+little RB B-NP
+more JJR I-NP
+than IN B-PP
+grab NN B-VP
+the DT B-NP
+first JJ I-NP
+draft NN I-NP
+of IN B-PP
+a DT B-NP
+screenplay NN I-NP
+for IN B-PP
+a DT B-NP
+`` `` I-NP
+Flashdance NNP I-NP
+, , O
+'' '' O
+or CC O
+buy VB B-VP
+rights NNS B-NP
+to TO B-PP
+a DT B-NP
+best JJS I-NP
+seller NN I-NP
+such JJ B-PP
+as IN I-PP
+`` `` O
+The DT B-NP
+Color NNP I-NP
+Purple NNP I-NP
+. . O
+'' '' O
+
+It PRP B-NP
+falls VBZ B-VP
+to TO B-PP
+others NNS B-NP
+to TO B-VP
+do VB I-VP
+the DT B-NP
+writing NN I-NP
+, , I-NP
+directing VBG I-NP
+and CC I-NP
+producing VBG I-NP
+. . O
+
+With IN B-PP
+MGM\/UA NNP B-NP
+'s POS B-NP
+`` `` I-NP
+Rainman NNP I-NP
+, , O
+'' '' O
+for IN B-PP
+instance NN B-NP
+, , O
+Messrs. NNP B-NP
+Guber NNP I-NP
+and CC I-NP
+Peters NNP I-NP
+had VBD B-VP
+virtually JJ B-NP
+nothing NN I-NP
+to TO B-VP
+do VB I-VP
+with IN B-PP
+day-to-day JJ B-NP
+production NN I-NP
+, , O
+but CC O
+their PRP$ B-NP
+names NNS I-NP
+still RB B-ADVP
+appear VBP B-VP
+in IN B-PP
+big JJ B-NP
+letters NNS I-NP
+on IN B-PP
+the DT B-NP
+credits NNS I-NP
+, , O
+and CC O
+they PRP B-NP
+are VBP B-VP
+inevitably RB I-VP
+associated VBN I-VP
+with IN B-PP
+its PRP$ B-NP
+success NN I-NP
+. . O
+
+Sometimes RB B-ADVP
+, , O
+as IN B-PP
+with IN B-PP
+`` `` O
+Batman NNP B-NP
+, , O
+'' '' O
+the DT B-NP
+pair NN I-NP
+really RB B-ADVP
+do VBP B-VP
+make VB I-VP
+the DT B-NP
+film NN I-NP
+. . O
+
+In IN B-PP
+that DT B-NP
+case NN I-NP
+, , O
+Guber NNP B-NP
+Peters NNP I-NP
+acquired VBD B-VP
+the DT B-NP
+rights NNS I-NP
+in IN B-PP
+1979 CD B-NP
+, , O
+nursed VBD B-VP
+the DT B-NP
+movie NN I-NP
+through IN B-PP
+a DT B-NP
+dozen NN I-NP
+scripts NNS I-NP
+, , O
+and CC O
+were VBD B-VP
+on IN B-PP
+the DT B-NP
+set NN I-NP
+in IN B-PP
+London NNP B-NP
+for IN B-PP
+11 CD B-NP
+months NNS I-NP
+hovering VBG B-VP
+over IN B-PP
+the DT B-NP
+most RBS I-NP
+minute NN I-NP
+changes NNS I-NP
+in IN B-PP
+casting VBG B-NP
+and CC I-NP
+production NN I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+the DT B-NP
+best JJS I-NP
+production NN I-NP
+talent NN I-NP
+around IN B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Brian NNP B-NP
+De NNP I-NP
+Palma NNP I-NP
+, , O
+beholden JJ B-ADJP
+to TO B-PP
+Guber NNP B-NP
+Peters NNP I-NP
+for IN B-PP
+hiring VBG B-VP
+him PRP B-NP
+to TO B-VP
+direct VB I-VP
+the DT B-NP
+Warner NNP I-NP
+movie NN I-NP
+of IN B-PP
+Tom NNP B-NP
+Wolfe NNP I-NP
+'s POS B-NP
+novel NN I-NP
+`` `` I-NP
+Bonfire NN I-NP
+of IN B-PP
+the DT B-NP
+Vanities NNS I-NP
+. . O
+'' '' O
+
+On IN B-PP
+that DT B-NP
+film NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+to TO I-VP
+start VB I-VP
+shooting NN B-NP
+in IN B-PP
+a DT B-NP
+few JJ I-NP
+months NNS I-NP
+, , O
+`` `` O
+they PRP B-NP
+'ve VBP B-VP
+been VBN I-VP
+very RB B-ADJP
+much RB I-ADJP
+involved VBN I-ADJP
+, , O
+hiring VBG B-VP
+talent NN B-NP
+and CC O
+discussing VBG B-VP
+the DT B-NP
+development NN I-NP
+of IN B-PP
+the DT B-NP
+script NN I-NP
+. . O
+
+And CC O
+when WRB B-ADVP
+you PRP B-NP
+'re VBP B-VP
+making VBG I-VP
+a DT B-NP
+movie NN I-NP
+this DT B-ADJP
+big JJ I-ADJP
+, , O
+you PRP B-NP
+need VBP B-VP
+all PDT B-NP
+the DT I-NP
+help NN I-NP
+you PRP B-NP
+can MD B-VP
+get VB I-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+De NNP I-NP
+Palma NNP I-NP
+adds VBZ B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+wish VBP B-VP
+they PRP B-NP
+were VBD B-VP
+around IN B-ADVP
+24 CD B-NP
+hours VBZ I-NP
+a DT B-NP
+day NN I-NP
+. . O
+'' '' O
+
+And CC O
+some DT B-NP
+movies NNS I-NP
+seem VBP B-VP
+to TO I-VP
+have VB I-VP
+been VBN I-VP
+hurt VBN I-VP
+by IN B-PP
+their PRP$ B-NP
+inattention NN I-NP
+. . O
+
+Warner NNP B-NP
+executives NNS I-NP
+blame VBP B-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+'s POS B-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+'s POS B-NP
+lack NN I-NP
+of IN B-PP
+involvement NN B-NP
+in IN B-PP
+`` `` O
+Caddyshack NNP B-NP
+II NNP I-NP
+'' '' O
+for IN B-PP
+casting VBG B-NP
+and CC I-NP
+production NN I-NP
+problems NNS I-NP
+and CC O
+the DT B-NP
+film NN I-NP
+'s POS B-NP
+ultimate JJ I-NP
+dismal JJ I-NP
+failure NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'ve VBP B-VP
+had VBD I-VP
+a DT B-NP
+few JJ I-NP
+bombs NNS I-NP
+, , O
+'' '' O
+admits VBZ B-VP
+Mr. NNP B-NP
+Peters NNP I-NP
+. . O
+
+`` `` O
+But CC O
+by IN B-ADVP
+and CC I-ADVP
+large JJ I-ADVP
+this DT B-NP
+company NN I-NP
+has VBZ B-VP
+only RB I-VP
+been VBN I-VP
+profitable JJ B-ADJP
+. . O
+'' '' O
+
+He PRP B-NP
+says VBZ B-VP
+his PRP$ B-NP
+company NN I-NP
+'s POS B-NP
+prowess NN I-NP
+at IN B-PP
+packaging NN B-NP
+and CC I-NP
+marketing NN I-NP
+`` `` O
+is VBZ B-VP
+why WRB B-ADVP
+we PRP B-NP
+'ll MD B-VP
+be VB I-VP
+good JJ B-ADJP
+at IN B-PP
+Columbia NNP B-NP
+. . O
+
+We PRP B-NP
+practically RB B-ADVP
+ran VBD B-VP
+our PRP$ B-NP
+own JJ I-NP
+studio NN I-NP
+. . O
+'' '' O
+
+Longtime JJ B-NP
+Hollywood NNP I-NP
+associates NNS I-NP
+describe VBP B-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+as IN B-PP
+the DT B-NP
+intellectual JJ I-NP
+powerhouse NN I-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+, , O
+a DT B-NP
+man NN I-NP
+with IN B-PP
+a DT B-NP
+flair NN I-NP
+for IN B-PP
+deal-making NN B-NP
+and CC I-NP
+marketing NN I-NP
+. . O
+
+`` `` O
+Peter NNP B-NP
+is VBZ B-VP
+a DT B-NP
+major JJ I-NP
+piece NN I-NP
+of IN B-PP
+Hollywood NNP B-NP
+manpower NN I-NP
+who WP B-NP
+has VBZ B-VP
+really RB I-VP
+earned VBN I-VP
+his PRP$ B-NP
+success NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Robert NNP B-NP
+Bookman NNP I-NP
+, , O
+an DT B-NP
+agent NN I-NP
+at IN B-PP
+Creative NNP B-NP
+Artists NNP I-NP
+Agency NNP I-NP
+. . O
+
+Mark NNP B-NP
+Johnson NNP I-NP
+, , O
+the DT B-NP
+producer NN I-NP
+of IN B-PP
+`` `` O
+Rainman NNP B-NP
+, , O
+'' '' O
+chimes VBZ B-VP
+in IN B-PRT
+: : O
+`` `` O
+He PRP B-NP
+has VBZ B-VP
+a DT B-NP
+great JJ I-NP
+ability NN I-NP
+to TO B-VP
+hire VB I-VP
+terrific JJ B-NP
+people NNS I-NP
+and CC O
+delegate NN B-VP
+authority NN B-NP
+... : O
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+no DT B-NP
+accident NN I-NP
+that IN B-SBAR
+they PRP B-NP
+'ve VBP B-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+develop VB I-VP
+such JJ B-NP
+successful JJ I-NP
+material NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Peters NNP I-NP
+, , O
+on IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+has VBZ B-VP
+fewer JJR B-NP
+fans NNS I-NP
+in IN B-PP
+Hollywood NNP B-NP
+, , O
+and CC O
+his PRP$ B-NP
+detractors NNS I-NP
+like NN B-VP
+to TO I-VP
+characterize VB I-VP
+him PRP B-NP
+as IN B-PP
+something NN B-NP
+of IN B-PP
+a DT B-NP
+hot-tempered JJ I-NP
+bully NN I-NP
+. . O
+
+He PRP B-NP
+gets VBZ B-VP
+better JJR B-NP
+reviews NNS I-NP
+as IN B-PP
+a DT B-NP
+creative JJ I-NP
+whiz NN I-NP
+, , O
+an DT B-NP
+enthusiast NN I-NP
+, , O
+an DT B-NP
+idea NN I-NP
+man NN I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+had VBD B-VP
+to TO I-VP
+fight VB I-VP
+harder JJR B-ADVP
+for IN B-PP
+credibility NN B-NP
+than IN B-SBAR
+his PRP$ B-NP
+partner NN I-NP
+did VBD B-VP
+. . O
+
+Barbra NNP B-NP
+Streisand NNP I-NP
+made VBD B-VP
+him PRP B-NP
+famous JJ B-ADJP
+. . O
+
+He PRP B-NP
+cut VBP B-VP
+her PRP$ B-NP
+hair NN I-NP
+. . O
+
+He PRP B-NP
+lived VBD B-VP
+with IN B-PP
+her PRP$ B-NP
+. . O
+
+He PRP B-NP
+came VBD B-VP
+to TO B-VP
+produce VB I-VP
+her PRP$ B-NP
+records NNS I-NP
+and CC O
+her PRP$ B-NP
+movies NNS I-NP
+-- : O
+`` `` O
+A DT B-NP
+Star NNP I-NP
+Is VBZ B-VP
+Born VBN I-VP
+'' '' O
+and CC O
+`` `` O
+The DT B-NP
+Main NNP I-NP
+Event NN I-NP
+. . O
+'' '' O
+
+Thrice RB B-ADVP
+married VBN B-VP
+but CC O
+now RB B-NP
+single JJ B-ADJP
+, , O
+Mr. NNP B-NP
+Peters NNP I-NP
+got VBD B-VP
+plenty NN B-NP
+of IN B-PP
+ink NN B-NP
+last JJ B-NP
+summer NN I-NP
+for IN B-PP
+an DT B-NP
+on-set JJ I-NP
+romance NN I-NP
+with IN B-PP
+actress NN B-NP
+Kim NNP I-NP
+Basinger NNP I-NP
+during IN B-PP
+the DT B-NP
+making NN I-NP
+of IN B-PP
+`` `` O
+Batman NNP B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+, , O
+by IN B-PP
+contrast NN B-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+married VBN B-ADJP
+to TO B-PP
+one CD B-NP
+woman NN I-NP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+20 CD I-NP
+years NNS I-NP
+. . O
+
+But CC O
+for IN B-PP
+all DT B-NP
+their PRP$ I-NP
+intellectual JJ I-NP
+and CC I-NP
+stylistic JJ I-NP
+differences NNS I-NP
+, , O
+they PRP B-NP
+make VBP B-VP
+the DT B-NP
+perfect JJ I-NP
+`` `` I-NP
+good JJ I-NP
+cop NN I-NP
+, , I-NP
+bad JJ I-NP
+cop NN I-NP
+'' '' I-NP
+team NN I-NP
+, , O
+Hollywood NNP B-NP
+associates NNS I-NP
+say VBP B-VP
+. . O
+
+`` `` O
+Peter NNP B-NP
+is VBZ B-VP
+the DT B-NP
+bright JJ I-NP
+, , I-NP
+sympathetic JJ I-NP
+guy NN I-NP
+when WRB B-ADVP
+you PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+a DT B-NP
+deal NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+one CD B-NP
+agent NN I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+problem NN I-NP
+, , O
+Peter NNP B-NP
+disappears VBZ B-VP
+, , O
+and CC O
+all DT B-NP
+of IN B-PP
+a DT B-NP
+sudden JJ I-NP
+Jon NNP B-NP
+shows VBZ B-VP
+up IN B-PRT
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+rub NN B-VP
+many JJ B-NP
+people NNS I-NP
+in IN B-PP
+Hollywood NNP B-NP
+the DT B-NP
+wrong JJ I-NP
+way NN I-NP
+. . O
+
+Producers NNP B-NP
+Don NNP I-NP
+Simpson NNP I-NP
+and CC I-NP
+Jerry NNP I-NP
+Bruckheimer NNP I-NP
+, , O
+who WP B-NP
+shepherded VBD B-VP
+`` `` O
+Flashdance NNP B-NP
+'' '' O
+through IN B-PP
+several JJ B-NP
+scripts NNS I-NP
+and CC O
+ultimately RB B-VP
+produced VBN I-VP
+the DT B-NP
+movie NN I-NP
+, , O
+bristle VBP B-VP
+when WRB B-ADVP
+Messrs. NNP B-NP
+Guber NNP I-NP
+and CC I-NP
+Peters NNP I-NP
+take VB B-VP
+credit NN B-NP
+for IN B-PP
+the DT B-NP
+film NN I-NP
+. . O
+
+Says VBZ B-VP
+Mr. NNP B-NP
+Simpson NNP I-NP
+: : O
+`` `` O
+The DT B-NP
+script NN I-NP
+was VBD B-VP
+unreadable JJ B-ADJP
+. . O
+
+We PRP B-NP
+reinvented VBD B-VP
+it PRP B-NP
+. . O
+
+We PRP B-NP
+are VBP B-VP
+the DT B-NP
+producers NNS I-NP
+of IN B-PP
+that DT B-NP
+movie NN I-NP
+. . O
+
+They PRP B-NP
+got VBD B-VP
+a DT B-NP
+small JJ I-NP
+piece NN I-NP
+of IN B-PP
+the DT B-NP
+net JJ I-NP
+profits NNS I-NP
+and CC O
+a DT B-NP
+screen NN I-NP
+credit NN I-NP
+'' '' O
+as IN B-PP
+executive NN B-NP
+producers NNS I-NP
+. . O
+
+When WRB B-ADVP
+Roger NNP B-NP
+Birnbaum NNP I-NP
+, , O
+an DT B-NP
+executive NN I-NP
+who WP B-NP
+worked VBD B-VP
+for IN B-PP
+Guber NNP B-NP
+Peters NNP I-NP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+1980s CD I-NP
+, , O
+left VBN B-VP
+to TO B-VP
+take VB I-VP
+a DT B-NP
+job NN I-NP
+as IN B-PP
+head NN B-NP
+of IN B-PP
+production NN B-NP
+at IN B-PP
+the DT B-NP
+United NNP I-NP
+Artists NNPS I-NP
+studio NN I-NP
+, , O
+they PRP B-NP
+made VBD B-VP
+him PRP B-NP
+forfeit VB B-VP
+all DT B-NP
+credits NNS I-NP
+and CC I-NP
+financial JJ I-NP
+interest NN I-NP
+in IN B-PP
+the DT B-NP
+films NNS I-NP
+he PRP B-NP
+had VBD B-VP
+helped VBN I-VP
+develop VB I-VP
+, , O
+including VBG B-PP
+`` `` O
+Rainman NNP B-NP
+'' '' O
+and CC O
+`` `` O
+Batman NNP B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Peters NNP I-NP
+acknowledges VBZ B-VP
+that IN B-NP
+and CC O
+says VBZ B-VP
+it PRP B-NP
+'s VBZ B-VP
+not RB O
+unlike IN B-PP
+the DT B-NP
+situation NN I-NP
+he PRP B-NP
+and CC O
+Mr. NNP B-NP
+Guber NNP I-NP
+are VBP B-VP
+in IN B-PP
+with IN B-PP
+Warner NNP B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+was VBD B-VP
+upset VBN B-ADJP
+with IN B-PP
+Roger NNP B-NP
+, , O
+I PRP B-NP
+fumpered VBD B-VP
+and CC I-VP
+schmumpered VBD I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Peters NNP I-NP
+. . O
+
+`` `` O
+But CC O
+he PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+pursue VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+dream NN I-NP
+, , O
+and CC O
+he PRP B-NP
+went VBD B-VP
+. . O
+'' '' O
+
+Still RB B-ADVP
+, , O
+Mr. NNP B-NP
+Birnbaum NNP I-NP
+says VBZ B-VP
+his PRP$ B-NP
+relationship NN I-NP
+with IN B-PP
+Guber NNP B-NP
+Peters NNP I-NP
+was VBD B-VP
+`` `` O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+successful JJ I-NP
+I PRP B-NP
+'ve VBP B-VP
+had VBD I-VP
+in IN B-PP
+Hollywood NNP B-NP
+. . O
+'' '' O
+
+The DT B-NP
+two CD I-NP
+`` `` O
+have VBP B-VP
+a DT B-NP
+wonderful JJ I-NP
+chemistry NN I-NP
+-- : O
+Jon NNP B-NP
+is VBZ B-VP
+very RB B-ADJP
+impulsive JJ I-ADJP
+, , O
+and CC O
+Peter NNP B-NP
+is VBZ B-VP
+very RB B-ADJP
+compulsive JJ I-ADJP
+, , O
+'' '' O
+adds VBZ B-VP
+Mr. NNP B-NP
+Birnbaum NNP I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+now JJ B-ADVP
+head NN B-NP
+of IN B-PP
+production NN B-NP
+at IN B-PP
+News NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+20th NNP I-NP
+Century NNP I-NP
+Fox NNP I-NP
+Film NNP I-NP
+Co NNP I-NP
+. . O
+
+`` `` O
+Jon NNP B-NP
+Peters NNP I-NP
+will MD B-VP
+come VB I-VP
+barreling VBG I-VP
+into IN B-PP
+a DT B-NP
+room NN I-NP
+, , O
+say VBP B-VP
+he PRP B-NP
+'s VBZ B-VP
+got VBD I-VP
+a DT B-NP
+great JJ I-NP
+idea NN I-NP
+, , O
+and CC O
+be VB B-VP
+gone VBN I-VP
+. . O
+
+Peter NNP B-NP
+will MD B-VP
+take VB I-VP
+the DT B-NP
+kernel NN I-NP
+of IN B-PP
+that DT B-NP
+idea NN I-NP
+and CC O
+make VB B-VP
+it PRP B-NP
+grow VB B-VP
+into IN B-PP
+something NN B-NP
+specific JJ I-NP
+... : O
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Birnbaum NNP I-NP
+recalls VBZ B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+shifted VBD B-VP
+into IN B-PP
+high JJ B-NP
+gear NN I-NP
+a DT B-NP
+few JJ I-NP
+years NNS I-NP
+back RB B-ADVP
+upon IN B-PP
+learning VBG B-VP
+that IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+competition NN B-NP
+for IN B-PP
+the DT B-NP
+story NN I-NP
+of IN B-PP
+the DT B-NP
+murdered VBN I-NP
+naturalist NN I-NP
+Dian NNP I-NP
+Fossey NNP I-NP
+, , O
+which WDT B-NP
+became VBD B-VP
+`` `` O
+Gorillas NNP B-NP
+in IN B-PP
+the DT B-NP
+Mist NNP I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+Within IN B-PP
+a DT B-NP
+few JJ I-NP
+weeks NNS I-NP
+, , O
+we PRP B-NP
+made VBD B-VP
+deals NNS B-NP
+with IN B-PP
+the DT B-NP
+government NN I-NP
+of IN B-PP
+Rwanda NNP B-NP
+and CC O
+everyone NN B-NP
+who WP B-NP
+had VBD B-VP
+ever RB I-VP
+met VBN I-VP
+or CC O
+talked VBD B-VP
+to TO B-PP
+Dian NNP B-NP
+Fossey NNP I-NP
+. . O
+
+I PRP B-NP
+think VBP B-VP
+Peter NNP B-NP
+even RB B-ADVP
+made VBD B-VP
+some DT B-NP
+deals NNS I-NP
+with IN B-PP
+the DT B-NP
+gorillas NNS I-NP
+. . O
+'' '' O
+
+Universal NNP B-NP
+Studios NNP I-NP
+was VBD B-VP
+working VBG I-VP
+on IN B-PP
+a DT B-NP
+competing VBG I-NP
+film NN I-NP
+, , O
+but CC O
+the DT B-NP
+studio NN I-NP
+and CC O
+its PRP$ B-NP
+producers NNS I-NP
+ultimately RB B-ADVP
+agreed VBD B-VP
+to TO I-VP
+co-produce VB I-VP
+the DT B-NP
+film NN I-NP
+with IN B-PP
+Guber NNP B-NP
+Peters NNP I-NP
+and CC O
+Warner NNP B-NP
+. . O
+
+More RBR B-ADVP
+recently RB I-ADVP
+, , O
+Guber NNP B-NP
+Peters NNP I-NP
+beat VB B-VP
+out RP B-PRT
+a DT B-NP
+dozen NN I-NP
+other JJ I-NP
+producers NNS I-NP
+, , O
+reportedly RB B-ADVP
+including VBG B-PP
+Robert NNP B-NP
+Redford NNP I-NP
+and CC O
+Ted NNP B-NP
+Turner NNP I-NP
+, , O
+for IN B-PP
+rights NNS B-NP
+to TO B-PP
+the DT B-NP
+life NN I-NP
+story NN I-NP
+of IN B-PP
+Chico NNP B-NP
+Mendes NNP I-NP
+, , O
+the DT B-NP
+murdered VBN I-NP
+Brazilian JJ I-NP
+union NN I-NP
+leader NN I-NP
+who WP B-NP
+fought VBD B-VP
+developers NNS B-NP
+in IN B-PP
+the DT B-NP
+Amazon NNP I-NP
+rain NN I-NP
+forest NN I-NP
+. . O
+
+Messrs. NNP B-NP
+Guber NNP I-NP
+and CC I-NP
+Peters NNP I-NP
+assiduously RB B-ADVP
+courted VBD B-VP
+the DT B-NP
+man NN I-NP
+'s POS B-NP
+widow NN I-NP
+for IN B-PP
+months NNS B-NP
+, , O
+showing VBG B-VP
+her PRP$ B-NP
+a DT B-NP
+tape NN I-NP
+of IN B-PP
+`` `` O
+Gorillas NNP B-NP
+in IN B-PP
+the DT B-NP
+Mist NNP I-NP
+'' '' O
+to TO B-VP
+impress VB I-VP
+her PRP B-NP
+with IN B-PP
+the DT B-NP
+quality NN I-NP
+of IN B-PP
+their PRP$ B-NP
+work NN I-NP
+. . O
+
+Money NNP B-NP
+helped VBD B-VP
+, , O
+too RB B-ADVP
+. . O
+
+Ultimately RB B-ADVP
+, , O
+they PRP B-NP
+paid VBD B-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+1 CD I-NP
+million CD I-NP
+for IN B-PP
+the DT B-NP
+rights NNS I-NP
+. . O
+
+-LRB- ( O
+The DT B-NP
+sale NN I-NP
+caused VBD B-VP
+a DT B-NP
+rift NN I-NP
+between IN B-PP
+the DT B-NP
+widow NN I-NP
+and CC O
+some DT B-NP
+of IN B-PP
+her PRP$ B-NP
+husband NN I-NP
+'s POS B-NP
+followers NNS I-NP
+. . O
+
+Some DT B-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+will MD B-VP
+go VB I-VP
+to TO B-PP
+the DT B-NP
+Chico NNP I-NP
+Mendes NNP I-NP
+Foundation NNP I-NP
+, , O
+but CC O
+it PRP B-NP
+is VBZ B-VP
+n't RB I-VP
+earmarked VBN I-VP
+for IN B-PP
+groups NNS B-NP
+trying VBG B-VP
+to TO I-VP
+save VB I-VP
+the DT B-NP
+rain NN I-NP
+forest NN I-NP
+. . O
+-RRB- ) O
+
+It PRP B-NP
+'s VBZ B-VP
+hardly RB B-ADJP
+astonishing JJ I-ADJP
+-LRB- ( O
+given VBN B-PP
+the DT B-NP
+men NNS I-NP
+'s POS B-NP
+track NN I-NP
+record NN I-NP
+-RRB- ) O
+that IN B-SBAR
+Sony NNP B-NP
+wants VBZ B-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+. . O
+
+But CC O
+it PRP B-NP
+is VBZ B-VP
+puzzling JJ B-ADJP
+to TO B-PP
+some DT B-NP
+Hollywood NNP I-NP
+executives NNS I-NP
+that IN B-SBAR
+Sony NNP B-NP
+rushed VBD B-VP
+to TO I-VP
+hire VB I-VP
+them PRP B-NP
+without IN B-PP
+clearing VBG B-VP
+up IN B-PRT
+the DT B-NP
+Warner NNP I-NP
+situation NN I-NP
+first JJ B-ADVP
+. . O
+
+Some DT B-NP
+note NN B-VP
+that IN B-SBAR
+Sony NNP B-NP
+might MD B-VP
+have VB I-VP
+saved VBN I-VP
+itself PRP B-NP
+some DT B-NP
+trouble NN I-NP
+by IN B-PP
+just RB B-VP
+hiring VBG I-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+letting VBG B-VP
+Mr. NNP B-NP
+Peters NNP I-NP
+stay VB B-VP
+on IN B-PRT
+to TO B-VP
+fulfill VB I-VP
+the DT B-NP
+Warner NNP I-NP
+contract NN I-NP
+. . O
+
+But CC O
+though IN B-SBAR
+`` `` O
+people NNS B-NP
+in IN B-PP
+town NN B-NP
+may MD B-VP
+ask VB I-VP
+why WRB B-ADVP
+Guber NNP B-NP
+needs VBZ B-VP
+Peters NNP B-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+good JJ B-ADJP
+to TO B-VP
+have VB I-VP
+a DT B-NP
+partner NN I-NP
+, , O
+and CC O
+obviously RB B-ADVP
+the DT B-NP
+chemistry NN I-NP
+works NNS B-VP
+, , O
+'' '' O
+says VBZ B-VP
+Steven NNP B-NP
+Tisch NNP I-NP
+, , O
+a DT B-NP
+producer NN I-NP
+who WP B-NP
+once RB B-ADVP
+worked VBD B-VP
+for IN B-PP
+Mr. NNP B-NP
+Guber NNP I-NP
+. . O
+
+`` `` O
+This DT B-NP
+business NN I-NP
+is VBZ B-VP
+n't RB O
+about IN B-PP
+personalities NNS B-NP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+day NN I-NP
+-- : O
+it PRP B-NP
+s PRP B-VP
+about IN B-PP
+whether IN O
+the DT B-NP
+ink NN I-NP
+is VBZ B-VP
+red JJ B-ADJP
+or CC I-ADJP
+black JJ I-ADJP
+. . O
+
+In IN B-PP
+the DT B-NP
+case NN I-NP
+of IN B-PP
+Peter NNP B-NP
+and CC I-NP
+Jon NNP I-NP
+, , O
+the DT B-NP
+ink NN I-NP
+has VBZ B-VP
+been VBN I-VP
+very RB B-ADJP
+, , I-ADJP
+very RB I-ADJP
+black JJ I-ADJP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+got VBD B-VP
+his PRP$ B-NP
+start NN I-NP
+in IN B-PP
+the DT B-NP
+movie NN I-NP
+business NN I-NP
+at IN B-PP
+Columbia NNP B-NP
+two CD B-NP
+decades NNS I-NP
+ago RB B-ADVP
+. . O
+
+Recruited VBN B-VP
+from IN B-PP
+New NNP B-NP
+York NNP I-NP
+University NNP I-NP
+'s POS B-NP
+MBA NN I-NP
+program NN I-NP
+, , O
+he PRP B-NP
+rose VBD B-VP
+within IN B-PP
+two CD B-NP
+years NNS I-NP
+to TO B-PP
+head VB B-NP
+of IN B-PP
+production NN B-NP
+, , O
+overseeing VBG B-VP
+such JJ B-NP
+films NNS I-NP
+as IN B-PP
+`` `` O
+The DT B-NP
+Way NN I-NP
+We PRP B-NP
+Were VBD B-VP
+, , O
+'' '' O
+`` `` O
+Taxi NN B-NP
+Driver NNP I-NP
+, , O
+'' '' O
+`` `` O
+Tommy NNP B-NP
+'' '' O
+and CC O
+`` `` O
+Shampoo NNP B-NP
+. . O
+'' '' O
+
+In IN B-PP
+1976 CD B-NP
+, , O
+he PRP B-NP
+teamed VBD B-VP
+up IN B-PRT
+with IN B-PP
+record NN B-NP
+producer NN I-NP
+Neil NNP I-NP
+Bogart NNP I-NP
+in IN B-PP
+Casablanca NNP B-NP
+Records NNPS I-NP
+and CC I-NP
+Filmworks NNP I-NP
+-- : O
+later RB B-VP
+called VBN I-VP
+Polygram NNP B-NP
+Pictures NNPS I-NP
+-- : O
+where WRB B-ADVP
+they PRP B-NP
+produced VBD B-VP
+such JJ B-NP
+hits NNS I-NP
+as IN B-PP
+as IN B-PP
+`` `` O
+The DT B-NP
+Deep NNP I-NP
+, , O
+'' '' O
+and CC O
+`` `` O
+Midnight NNP B-NP
+Express NNP I-NP
+. . O
+'' '' O
+
+In IN B-PP
+1980 CD B-NP
+, , O
+Mr. NNP B-NP
+Guber NNP I-NP
+got VBD B-VP
+together RB B-PRT
+with IN B-PP
+Mr. NNP B-NP
+Peters NNP I-NP
+, , O
+by IN B-PP
+then RB B-ADVP
+a DT B-NP
+successful JJ I-NP
+producer NN I-NP
+in IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+right NN I-NP
+, , O
+after IN B-PP
+the DT B-NP
+death NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Bogart NNP I-NP
+. . O
+
+While IN B-SBAR
+Guber NNP B-NP
+Peters NNP I-NP
+produced VBD B-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+hits NNS B-NP
+for IN B-PP
+Warner NNP B-NP
+and CC I-NP
+others NNS I-NP
+, , O
+their PRP$ B-NP
+record NN I-NP
+was VBD B-VP
+n't RB O
+always RB B-ADVP
+so RB B-ADJP
+impressive JJ I-ADJP
+. . O
+
+Among IN B-PP
+their PRP$ B-NP
+clinkers NNS I-NP
+were VBD B-VP
+`` `` O
+The DT B-NP
+Legend NNP I-NP
+of IN B-PP
+Billie NNP B-NP
+Jean NNP I-NP
+, , O
+'' '' O
+`` `` O
+VisionQuest NNP B-NP
+, , O
+'' '' O
+`` `` O
+Clue NNP B-NP
+'' '' O
+and CC O
+`` `` O
+Clan NNP B-NP
+of IN B-PP
+the DT B-NP
+Cave NNP I-NP
+Bear NNP I-NP
+. . O
+'' '' O
+
+And CC O
+the DT B-NP
+failures NNS I-NP
+make VBP B-VP
+it PRP B-NP
+possible JJ B-ADJP
+for IN B-SBAR
+Warner NNP B-NP
+in IN B-PP
+its PRP$ B-NP
+current JJ I-NP
+lawsuit NN I-NP
+to TO B-VP
+paint VB I-VP
+the DT B-NP
+producers NNS I-NP
+as IN B-PP
+ingrates NNS B-NP
+. . O
+
+The DT B-NP
+studio NN I-NP
+says VBZ B-VP
+it PRP B-NP
+stuck VBD B-VP
+with IN B-PP
+them PRP B-NP
+`` `` O
+even RB B-ADVP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+years NNS I-NP
+when WRB B-ADVP
+the DT B-NP
+creative JJ I-NP
+partnership NN I-NP
+was VBD B-VP
+not RB O
+particularly RB B-ADJP
+profitable JJ I-ADJP
+for IN B-PP
+Warner NNP B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+replies VBZ B-VP
+that IN B-SBAR
+`` `` O
+this DT B-NP
+is VBZ B-VP
+a DT B-NP
+Goliath NNP I-NP
+, , O
+this DT B-NP
+Time NNP I-NP
+Warner NNP I-NP
+, , O
+trying VBG B-VP
+to TO I-VP
+chew VB I-VP
+up IN B-PRT
+two CD B-NP
+fellows NNS I-NP
+who WP B-NP
+have VBP B-VP
+done VBN I-VP
+only RB B-ADVP
+well RB I-ADVP
+for IN B-PP
+them PRP B-NP
+for IN B-PP
+a DT B-NP
+long JJ I-NP
+period NN I-NP
+of IN B-PP
+time NN B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+maintain VB B-VP
+that IN B-SBAR
+executives NNS B-NP
+at IN B-PP
+Warner NNP B-NP
+have VBP B-VP
+always RB I-VP
+known VBN I-VP
+of IN B-PP
+their PRP$ B-NP
+ambitions NNS I-NP
+to TO B-VP
+run VB I-VP
+a DT B-NP
+major JJ I-NP
+entertainment NN I-NP
+powerhouse NN I-NP
+, , O
+but CC O
+that IN B-SBAR
+Warner NNP B-NP
+never RB B-ADVP
+felt VBD B-VP
+threatened VBN I-VP
+until IN B-SBAR
+they PRP B-NP
+linked VBD B-VP
+up IN B-PRT
+with IN B-PP
+Sony NNP B-NP
+. . O
+
+`` `` O
+From IN B-PP
+the DT B-NP
+beginning NN I-NP
+, , O
+-LCB- ( O
+they PRP B-NP
+-RCB- ) O
+knew VBD B-VP
+we PRP B-NP
+had VBD B-VP
+a DT B-NP
+goal NN I-NP
+and CC O
+a DT B-NP
+dream NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+. . O
+
+On IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+occasions NNS B-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+he PRP B-NP
+tried VBD B-VP
+to TO I-VP
+get VB I-VP
+Warner NNP B-NP
+to TO B-VP
+buy VB I-VP
+Guber NNP B-NP
+Peters NNP I-NP
+outright JJ B-ADVP
+. . O
+
+`` `` O
+They PRP B-NP
+always RB B-ADVP
+listened VBD B-VP
+, , O
+but CC O
+they PRP B-NP
+never RB B-ADVP
+acted VBD B-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+Guber NNP I-NP
+says VBZ B-VP
+. . O
+
+In IN B-PP
+1987 CD B-NP
+, , O
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+contributed VBD B-VP
+their PRP$ B-NP
+company NN I-NP
+'s POS B-NP
+assets NNS I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+a DT B-NP
+28 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Barris NNP B-NP
+Entertainment NNP I-NP
+, , O
+a DT B-NP
+small-fry JJ I-NP
+TV NN I-NP
+production NN I-NP
+company NN I-NP
+controlled VBN B-VP
+by IN B-PP
+Giant NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+Chairman NNP I-NP
+Burt NNP I-NP
+Sugarman NNP I-NP
+. . O
+
+In IN B-PP
+July NNP B-NP
+a DT B-NP
+year NN I-NP
+later RB B-ADVP
+, , O
+Warner NNP B-NP
+agreed VBD B-VP
+to TO I-VP
+release VB I-VP
+the DT B-NP
+producers NNS I-NP
+from IN B-PP
+their PRP$ B-NP
+old JJ I-NP
+contract NN I-NP
+when WRB B-ADVP
+Messrs. NNP B-NP
+Guber NNP I-NP
+, , I-NP
+Peters NNP I-NP
+and CC I-NP
+Sugarman NNP I-NP
+made VBD B-VP
+a DT B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+offer NN I-NP
+to TO B-VP
+buy VB I-VP
+25 CD B-NP
+% NN I-NP
+of IN B-PP
+MGM\/UA NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+planned VBD B-VP
+to TO I-VP
+run VB I-VP
+the DT B-NP
+nearly RB I-NP
+dormant JJ I-NP
+MGM NNP I-NP
+studio NN I-NP
+, , O
+and CC O
+the DT B-NP
+two CD I-NP
+even RB B-ADVP
+tried VBD B-VP
+to TO I-VP
+interest VB I-VP
+Warner NNP B-NP
+Bros NNP I-NP
+. . O
+' '' O
+President NNP B-NP
+Terry NNP I-NP
+Semel NNP I-NP
+in IN B-PP
+becoming VBG B-VP
+a DT B-NP
+partner NN I-NP
+after IN B-SBAR
+he PRP B-NP
+advised VBD B-VP
+them PRP B-NP
+on IN B-PP
+the DT B-NP
+deal NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+MGM NNP I-NP
+plan NN I-NP
+collapsed VBD B-VP
+just RB B-NP
+two CD I-NP
+weeks NNS I-NP
+later RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+say VBP B-VP
+they PRP B-NP
+got VBD B-VP
+a DT B-NP
+look NN I-NP
+at IN B-PP
+the DT B-NP
+books NNS I-NP
+and CC O
+balked VBD B-VP
+at IN B-PP
+the DT B-NP
+price NN I-NP
+. . O
+
+Their PRP$ B-NP
+relationship NN I-NP
+with IN B-PP
+Mr. NNP B-NP
+Sugarman NNP I-NP
+soured VBD B-VP
+shortly RB B-ADVP
+thereafter RB I-ADVP
+. . O
+
+Last NNP B-NP
+May NNP I-NP
+, , O
+he PRP B-NP
+sold VBD B-VP
+his PRP$ B-NP
+24 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Barris NNP B-NP
+to TO B-PP
+a DT B-NP
+passive JJ I-NP
+Australian JJ I-NP
+investor NN I-NP
+and CC O
+Barris NNP B-NP
+was VBD B-VP
+renamed VBN I-VP
+Guber NNP B-NP
+Peters NNP I-NP
+Entertainment NNP I-NP
+Co NNP I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+had VBD B-VP
+agreed VBN I-VP
+to TO I-VP
+extend VB I-VP
+their PRP$ B-NP
+Warner NNP I-NP
+agreement NN I-NP
+with IN B-PP
+the DT B-NP
+new JJ I-NP
+five-year JJ I-NP
+exclusive JJ I-NP
+contract NN I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+deal NN I-NP
+was VBD B-VP
+considered VBN I-VP
+the DT B-NP
+most RBS I-NP
+generous JJ I-NP
+of IN B-PP
+its PRP$ B-NP
+kind NN I-NP
+, , O
+both DT O
+financially RB B-ADVP
+and CC O
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+creative JJ B-NP
+freedom NN I-NP
+. . O
+
+But CC O
+it PRP B-NP
+paled VBN B-VP
+by IN B-PP
+comparison NN B-NP
+to TO B-PP
+what WP B-NP
+Sony NNP B-NP
+was VBD B-VP
+to TO I-VP
+offer VB I-VP
+last JJ B-NP
+month NN I-NP
+: : O
+the DT B-NP
+chance NN I-NP
+, , O
+at IN B-PP
+last JJ B-ADJP
+, , O
+to TO B-VP
+run VB I-VP
+a DT B-NP
+major JJ I-NP
+studio NN I-NP
+, , O
+about RB B-NP
+$ $ I-NP
+50 CD I-NP
+million CD I-NP
+in IN B-PP
+deferred VBN B-NP
+compensation NN I-NP
+, , O
+up IN B-NP
+to TO I-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+Columbia NNP B-NP
+'s POS B-NP
+future NN I-NP
+cash NN I-NP
+flow NN I-NP
+, , O
+8 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+future NN I-NP
+appreciation NN I-NP
+of IN B-PP
+Columbia NNP B-NP
+'s POS B-NP
+market NN I-NP
+value NN I-NP
+, , O
+and CC O
+annual JJ B-NP
+salaries NNS I-NP
+of IN B-PP
+$ $ B-NP
+2.7 CD I-NP
+million CD I-NP
+for IN B-PP
+each DT B-NP
+. . O
+
+The DT B-NP
+producers NNS I-NP
+' POS B-NP
+28 CD B-ADJP
+% NN I-ADJP
+share NN B-NP
+of IN B-PP
+publicly RB B-NP
+held VBN I-NP
+Guber NNP I-NP
+Peters NNP I-NP
+would MD B-VP
+net VB I-VP
+them PRP B-NP
+an DT B-NP
+additional JJ I-NP
+$ $ I-NP
+50 CD I-NP
+million CD I-NP
+. . O
+
+Sony NNP B-NP
+also RB B-ADVP
+agreed VBD B-VP
+to TO I-VP
+indemnify VB I-VP
+the DT B-NP
+producers NNS I-NP
+against IN B-PP
+any DT B-NP
+liability NN I-NP
+to TO B-PP
+Warner NNP B-NP
+. . O
+
+Sony NNP B-NP
+is VBZ B-VP
+paying VBG I-VP
+a DT B-NP
+hefty JJ I-NP
+price NN I-NP
+for IN B-PP
+a DT B-NP
+company NN I-NP
+that WDT B-NP
+had VBD B-VP
+revenue NN B-NP
+of IN B-PP
+only RB B-NP
+$ $ I-NP
+42 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+And CC O
+earnings NNS B-NP
+have NN B-VP
+been VBN I-VP
+erratic JJ B-ADJP
+. . O
+
+In IN B-PP
+the DT B-NP
+the DT I-NP
+latest JJS I-NP
+quarter NN I-NP
+, , O
+thanks VBZ B-ADVP
+in IN B-PP
+part NN B-NP
+to TO B-PP
+`` `` O
+Batman NNP B-NP
+, , O
+'' '' O
+Guber NNP B-NP
+Peters NNP I-NP
+earned VBD B-VP
+$ $ B-NP
+5.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+50 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+to TO B-PP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+6.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+62 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+quarter NN I-NP
+. . O
+
+Guber NNP B-NP
+Peters NNP I-NP
+stock NN I-NP
+, , O
+which WDT B-NP
+traded VBD B-VP
+as RB B-ADVP
+low JJ I-ADVP
+as IN B-PP
+$ $ B-NP
+6 CD I-NP
+a DT B-NP
+share NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+16.625 CD I-NP
+. . O
+
+The DT B-NP
+two CD I-NP
+sides NNS I-NP
+now RB B-ADVP
+are VBP B-VP
+accusing VBG I-VP
+each DT B-NP
+other NN I-NP
+of IN B-PP
+lying VBG B-NP
+. . O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+claim NN B-VP
+they PRP B-NP
+have VBP B-VP
+an DT B-NP
+oral JJ I-NP
+agreement NN I-NP
+with IN B-PP
+Warner NNP B-NP
+executives NNS I-NP
+that WDT B-NP
+allows VBZ B-VP
+them PRP B-NP
+to TO B-VP
+terminate VB I-VP
+their PRP$ B-NP
+contract NN I-NP
+should MD O
+the DT B-NP
+opportunity NN I-NP
+to TO B-VP
+run VB I-VP
+a DT B-NP
+major JJ I-NP
+studio NN I-NP
+arise VB B-VP
+. . O
+
+But CC O
+in IN B-PP
+affidavits NNS B-NP
+filed VBD B-VP
+yesterday NN B-NP
+in IN B-PP
+the DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+court NN I-NP
+, , O
+Mr. NNP B-NP
+Ross NNP I-NP
+, , O
+Warner NNP B-NP
+Bros. NNP I-NP
+Chairman NNP I-NP
+Robert NNP I-NP
+Daly NNP I-NP
+and CC O
+President NNP B-NP
+Semel NNP I-NP
+deny VB B-VP
+that IN B-SBAR
+such JJ B-NP
+an DT I-NP
+oral JJ I-NP
+agreement NN I-NP
+was VBD B-VP
+ever RB I-VP
+made VBN I-VP
+. . O
+
+Warner NNP B-NP
+, , O
+in IN B-PP
+its PRP$ B-NP
+court NN I-NP
+filings NNS I-NP
+, , O
+calls VBZ B-VP
+it PRP B-NP
+`` `` O
+a DT B-NP
+piece NN I-NP
+of IN B-PP
+fiction NN B-NP
+created VBN B-VP
+for IN B-PP
+this DT B-NP
+litigation NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Daly NNP I-NP
+in IN B-PP
+his PRP$ B-NP
+affidavit NN I-NP
+acknowledges VBZ B-VP
+that IN B-SBAR
+Warner NNP B-NP
+agreed VBD B-VP
+to TO I-VP
+release VB I-VP
+the DT B-NP
+producers NNS I-NP
+last JJ B-NP
+year NN I-NP
+to TO B-VP
+take VB I-VP
+over IN B-PRT
+MGM NNP B-NP
+but CC O
+says VBZ B-VP
+that DT B-NP
+situation NN I-NP
+was VBD B-VP
+altogether RB B-ADJP
+different JJ I-ADJP
+. . O
+
+For IN B-PP
+one CD B-NP
+thing NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Mr. NNP B-NP
+Daly NNP I-NP
+, , O
+the DT B-NP
+producers NNS I-NP
+requested VBD B-VP
+a DT B-NP
+release NN I-NP
+in IN B-PP
+advance NN B-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+the DT B-NP
+old JJ I-NP
+contract NN I-NP
+was VBD B-VP
+about IN O
+to TO B-VP
+expire VB I-VP
+, , O
+and CC O
+the DT B-NP
+lineup NN I-NP
+of IN B-PP
+Guber NNP B-NP
+Peters NNP I-NP
+pictures NNS I-NP
+for IN B-PP
+Warner NNP B-NP
+was VBD B-VP
+n't RB O
+as RB B-ADJP
+strong JJ I-ADJP
+as IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+now RB B-ADVP
+. . O
+
+Warner NNP B-NP
+itself PRP B-NP
+was VBD B-VP
+in IN B-PP
+negotiations NNS B-NP
+with IN B-PP
+MGM NNP B-NP
+over IN B-PP
+certain JJ B-NP
+movie NN I-NP
+and CC I-NP
+other JJ I-NP
+rights NNS I-NP
+, , O
+and CC O
+it PRP B-NP
+was VBD B-VP
+`` `` O
+in IN B-PP
+Warner NNP B-NP
+'s POS B-NP
+interest NN I-NP
+to TO B-VP
+accommodate VB I-VP
+MGM\/UA NNP B-NP
+, , I-NP
+Guber NNP I-NP
+and CC I-NP
+Peters NNP I-NP
+by IN B-PP
+permitting VBG B-VP
+them PRP B-NP
+to TO B-VP
+become VB I-VP
+MGM NNP B-NP
+executives NNS I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Daly NNP I-NP
+said VBD B-VP
+in IN B-PP
+his PRP$ B-NP
+affidavit NN I-NP
+. . O
+
+Warner NNP B-NP
+obviously RB B-ADVP
+does VBZ B-VP
+n't RB I-VP
+think VB I-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+in IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+interests NNS I-NP
+to TO B-VP
+let VB I-VP
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+go VB B-VP
+off IN B-PP
+to TO B-PP
+Columbia NNP B-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+very RB I-NP
+least JJS I-NP
+, , O
+Mr. NNP B-NP
+Ross NNP I-NP
+clearly RB B-ADVP
+sees VBZ B-VP
+an DT B-NP
+opportunity NN I-NP
+to TO B-VP
+use VB I-VP
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+to TO B-VP
+get VB I-VP
+a DT B-NP
+pound NN I-NP
+of IN B-PP
+flesh NN B-NP
+from IN B-PP
+Sony NNP B-NP
+. . O
+
+During IN B-PP
+settlement NN B-NP
+talks NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+Warner NNP B-NP
+demanded VBD B-VP
+such JJ B-NP
+things NNS I-NP
+as IN B-PP
+cable NN B-NP
+TV NN I-NP
+rights NNS I-NP
+to TO B-PP
+Columbia NNP B-NP
+movies NNS I-NP
+and CC O
+Columbia NNP B-NP
+'s POS B-NP
+interest NN I-NP
+in IN B-PP
+the DT B-NP
+studio NN I-NP
+it PRP B-NP
+jointly RB B-ADVP
+owns VBZ B-VP
+with IN B-PP
+Warner NNP B-NP
+, , O
+according VBG B-PP
+to TO B-PP
+executives NNS B-NP
+involved VBN B-ADJP
+in IN B-PP
+the DT B-NP
+talks NNS I-NP
+. . O
+
+In IN B-PP
+any DT B-NP
+settlement NN I-NP
+, , O
+Warner NNP B-NP
+is VBZ B-VP
+almost RB B-ADJP
+certain JJ I-ADJP
+to TO B-VP
+demand VB I-VP
+rights NNS B-NP
+to TO B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+50 CD I-NP
+or CC I-NP
+so RB I-NP
+projects VBZ I-NP
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+have VBP B-VP
+locked VBN I-VP
+up IN B-PRT
+for IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+years NNS I-NP
+, , O
+notably RB B-ADVP
+sequels NNS B-NP
+to TO B-PP
+`` `` O
+Batman NNP B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Guber NNP I-NP
+and CC O
+Mr. NNP B-NP
+Peters NNP I-NP
+refuse VB B-VP
+to TO I-VP
+concede VB I-VP
+that IN B-SBAR
+they PRP B-NP
+may MD B-VP
+have VB I-VP
+made VBN I-VP
+a DT B-NP
+tactical JJ I-NP
+error NN I-NP
+in IN B-PP
+accepting VBG B-VP
+the DT B-NP
+Sony NNP I-NP
+offer NN I-NP
+before IN B-PP
+taking VBG B-VP
+it PRP B-NP
+up IN B-PRT
+with IN B-PP
+Warner NNP B-NP
+. . O
+
+And CC O
+they PRP B-NP
+say VBP B-VP
+there EX B-NP
+are VBP B-VP
+plenty NN B-NP
+of IN B-PP
+precedents NNS B-NP
+in IN B-PP
+Hollywood NNP B-NP
+for IN B-PP
+letting VBG B-VP
+people NNS B-NP
+out IN B-PP
+of IN B-PP
+contracts NNS B-NP
+. . O
+
+The DT B-NP
+last JJ I-NP
+time NN I-NP
+Columbia NNP B-NP
+Pictures NNPS I-NP
+was VBD B-VP
+looking VBG I-VP
+for IN B-PP
+a DT B-NP
+studio NN I-NP
+chief NN I-NP
+, , O
+they PRP B-NP
+note VBP B-VP
+, , O
+Warner NNP B-NP
+released VBD B-VP
+producer NN B-NP
+David NNP I-NP
+Puttnam NNP I-NP
+from IN B-PP
+his PRP$ B-NP
+contract NN I-NP
+, , O
+then RB O
+took VBD B-VP
+him PRP B-NP
+back RB B-ADVP
+after IN B-SBAR
+he PRP B-NP
+was VBD B-VP
+subsequently RB I-VP
+fired VBN I-VP
+by IN B-PP
+his PRP$ B-NP
+bosses NNS I-NP
+at IN B-PP
+Columbia NNP B-NP
+. . O
+
+In IN B-PP
+his PRP$ B-NP
+affidavit NN I-NP
+filed VBD B-VP
+yesterday NN B-NP
+, , O
+Warner NNP B-NP
+'s POS B-NP
+Mr. NNP I-NP
+Ross NNP I-NP
+indicated VBD B-VP
+he PRP B-NP
+is VBZ B-VP
+n't RB I-VP
+buying VBG I-VP
+any DT B-NP
+such JJ I-NP
+argument NN I-NP
+: : O
+`` `` O
+If IN B-SBAR
+Sony NNP B-NP
+succeeds VBZ B-VP
+here RB B-ADVP
+, , O
+no DT B-NP
+written VBN I-NP
+contract NN I-NP
+in IN B-PP
+Hollywood NNP B-NP
+will MD B-VP
+be VB I-VP
+worth JJ B-PP
+the DT B-NP
+paper NN I-NP
+it PRP B-NP
+'s VBZ B-VP
+written VBN I-VP
+on RB B-PP
+. . O
+
+THE DT B-NP
+SALES NNP I-NP
+PITCH NNP I-NP
+could MD B-VP
+n't RB I-VP
+sound VB I-VP
+better JJR B-ADJP
+. . O
+
+First RB B-ADVP
+, , O
+there EX B-NP
+'s VBZ B-VP
+the DT B-NP
+name NN I-NP
+: : O
+`` `` O
+asset-backed JJ B-NP
+securities NNS I-NP
+. . O
+'' '' O
+
+Better NNP B-ADJP
+than IN B-PP
+all PDT B-NP
+those DT I-NP
+offers VBZ I-NP
+you PRP B-NP
+get VBP B-VP
+to TO B-VP
+buy VB I-VP
+securities NNS B-NP
+backed VBN B-VP
+by IN B-PP
+nothing NN B-NP
+. . O
+
+And CC O
+there EX B-NP
+'s VBZ B-VP
+more JJR B-ADJP
+. . O
+
+The DT B-NP
+assets NNS I-NP
+backing VBG B-VP
+the DT B-NP
+securities NNS I-NP
+come VBP B-VP
+from IN B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+biggest JJS B-ADJP
+-- : O
+and CC O
+most RBS B-ADJP
+secure VB I-ADJP
+-- : O
+institutions NNS B-NP
+. . O
+
+Most JJS B-NP
+earn VB B-VP
+high JJ B-NP
+ratings NNS I-NP
+from IN B-PP
+credit NN B-NP
+agencies NNS I-NP
+. . O
+
+Their PRP$ B-NP
+yields NNS I-NP
+are VBP B-VP
+higher JJR B-ADJP
+than IN B-PP
+those DT B-NP
+of IN B-PP
+U.S. NNP B-NP
+Treasury NNP I-NP
+issues NNS I-NP
+. . O
+
+And CC O
+the DT B-NP
+booming JJ I-NP
+market NN I-NP
+has VBZ B-VP
+already RB I-VP
+attracted VBN I-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+biggest JJS I-NP
+institutional JJ I-NP
+investors NNS I-NP
+. . O
+
+Ready JJ B-ADJP
+to TO B-VP
+jump VB I-VP
+? . O
+
+Well UH B-INTJ
+, , O
+think VBP B-VP
+twice RB B-ADVP
+. . O
+
+The DT B-NP
+concept NN I-NP
+may MD B-VP
+be VB I-VP
+simple JJ B-ADJP
+: : O
+Take VB B-VP
+a DT B-NP
+bunch NN I-NP
+of IN B-PP
+loans NNS B-NP
+, , O
+tie NN B-VP
+them PRP B-NP
+up IN B-PRT
+in IN B-PP
+one CD B-NP
+neat JJ I-NP
+package NN I-NP
+, , O
+and CC O
+sell VB B-VP
+pieces NNS B-NP
+of IN B-PP
+the DT B-NP
+package NN I-NP
+to TO B-PP
+investors NNS B-NP
+. . O
+
+But CC O
+the DT B-NP
+simplicity NN I-NP
+may MD B-VP
+be VB I-VP
+misleading JJ B-ADJP
+. . O
+
+Skeptics NNS B-NP
+say VBP B-VP
+the DT B-NP
+slightly RB I-NP
+higher JJR I-NP
+returns NNS I-NP
+are VBP B-VP
+n't RB O
+enough RB B-ADJP
+to TO B-VP
+compensate VB I-VP
+for IN B-PP
+the DT B-NP
+extra JJ I-NP
+risk NN I-NP
+. . O
+
+They PRP B-NP
+warn VBP B-VP
+that IN B-SBAR
+asset-backed JJ B-NP
+securities NNS I-NP
+are VBP B-VP
+only RB B-ADVP
+as RB B-ADJP
+good JJ I-ADJP
+as IN B-PP
+the DT B-NP
+assets NNS I-NP
+and CC I-NP
+credit NN I-NP
+backing VBG I-NP
+that DT B-NP
+support NN B-VP
+them PRP B-NP
+-- : O
+and CC O
+those DT B-NP
+are VBP B-VP
+hard JJ B-ADJP
+to TO B-VP
+evaluate VB I-VP
+. . O
+
+Moreover RB B-ADVP
+, , O
+the DT B-NP
+securities NNS I-NP
+were VBD B-VP
+introduced VBN I-VP
+only RB B-NP
+about IN I-NP
+4 CD I-NP
+1\/2 CD I-NP
+years NNS I-NP
+ago RB B-ADVP
+; : O
+the DT B-NP
+biggest JJS I-NP
+unknown NN I-NP
+is VBZ B-VP
+how WRB B-ADVP
+they PRP B-NP
+will MD B-VP
+fare VB I-VP
+in IN B-PP
+a DT B-NP
+recession NN I-NP
+. . O
+
+`` `` O
+A DT B-NP
+lot NN I-NP
+of IN B-PP
+this DT B-NP
+stuff NN I-NP
+really RB B-ADVP
+is VBZ B-VP
+in IN B-PP
+untested JJ B-NP
+waters NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Owen NNP B-NP
+Carney NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+the DT B-NP
+investment NN I-NP
+securities NNS I-NP
+division NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+comptroller NN I-NP
+of IN B-PP
+the DT B-NP
+currency NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+how WRB B-ADVP
+this DT B-NP
+whole JJ I-NP
+market NN I-NP
+will MD B-VP
+work VB I-VP
+in IN B-PP
+a DT B-NP
+serious JJ I-NP
+economic JJ I-NP
+downturn NN I-NP
+. . O
+'' '' O
+
+Such JJ B-NP
+concerns NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+have VBP B-VP
+n't RB I-VP
+stopped VBN I-VP
+asset-backed JJ B-NP
+securities NNS I-NP
+from IN B-PP
+becoming VBG B-VP
+one CD B-NP
+of IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+'s POS B-NP
+hottest JJS I-NP
+new JJ I-NP
+products NNS I-NP
+. . O
+
+Since IN B-PP
+the DT B-NP
+spring NN I-NP
+of IN B-PP
+1985 CD B-NP
+, , O
+financial JJ B-NP
+alchemists NNS I-NP
+have VBP B-VP
+transformed VBN I-VP
+a DT B-NP
+wide JJ I-NP
+variety NN I-NP
+of IN B-PP
+debt NN B-NP
+into IN B-PP
+these DT B-NP
+new JJ I-NP
+securities NNS I-NP
+. . O
+
+They PRP B-NP
+have VBP B-VP
+sold VBN I-VP
+issues NNS B-NP
+backed VBN B-VP
+by IN B-PP
+car NN B-NP
+loans NNS I-NP
+, , O
+boat NN B-NP
+loans NNS I-NP
+and CC O
+recreational-vehicle NN B-NP
+loans NNS I-NP
+. . O
+
+They PRP B-NP
+have VBP B-VP
+offered VBN I-VP
+bundles NNS B-NP
+of IN B-PP
+homeequity NN B-NP
+loans NNS I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+packages NNS B-NP
+of IN B-PP
+loans NNS B-NP
+used VBN B-VP
+to TO B-VP
+buy VB I-VP
+vacation NN B-NP
+time-shares NNS I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+, , O
+there EX B-NP
+was VBD B-VP
+an DT B-NP
+issue NN I-NP
+of IN B-PP
+`` `` O
+death-backed JJ B-NP
+bonds NNS I-NP
+'' '' O
+-- : O
+securities NNS B-NP
+backed VBN B-VP
+by IN B-PP
+loans NNS B-NP
+to TO B-PP
+life-insurance NN B-NP
+policyholders NNS I-NP
+. . O
+
+Some DT B-NP
+predict VBP B-VP
+there EX B-NP
+will MD B-VP
+be VB I-VP
+`` `` O
+Third NNP B-NP
+World NNP I-NP
+bonds NNS I-NP
+, , O
+'' '' O
+backed VBN B-VP
+by IN B-PP
+loans NNS B-NP
+to TO B-PP
+Brazil NNP B-NP
+, , O
+Argentina NNP B-NP
+and CC O
+other JJ B-NP
+debt-ridden JJ I-NP
+nations NNS I-NP
+. . O
+
+And CC O
+the DT B-NP
+biggest JJS I-NP
+volume NN I-NP
+this DT B-NP
+year NN I-NP
+has VBZ B-VP
+been VBN I-VP
+on IN B-PP
+securities NNS B-NP
+backed VBN B-VP
+by IN B-PP
+credit-card NN B-NP
+receivables NN I-NP
+, , O
+sometimes RB B-VP
+known VBN I-VP
+as IN B-PP
+`` `` O
+plastic NN B-NP
+bonds NNS I-NP
+. . O
+'' '' O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+the DT B-NP
+heyday NN I-NP
+of IN B-PP
+debt NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+James NNP B-NP
+Grant NNP I-NP
+, , O
+editor NN B-NP
+of IN B-PP
+Grant NNP B-NP
+'s POS B-NP
+Interest NNP I-NP
+Rate NNP I-NP
+Observer NNP I-NP
+, , O
+a DT B-NP
+newsletter NN I-NP
+. . O
+
+`` `` O
+Before IN O
+the DT B-NP
+sun NN I-NP
+sets NNS B-VP
+on IN B-PP
+the DT B-NP
+'80s NNS I-NP
+, , O
+it PRP B-NP
+seems VBZ B-VP
+nothing NN B-NP
+will MD B-VP
+be VB I-VP
+left VBN I-VP
+unhocked VBN I-VP
+. . O
+'' '' O
+
+The DT B-NP
+result NN I-NP
+is VBZ B-VP
+a DT B-NP
+$ $ I-NP
+45 CD I-NP
+billion CD I-NP
+market NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Securities NNP B-NP
+Data NNP I-NP
+Co NNP I-NP
+. . O
+
+That DT B-NP
+includes VBZ B-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+9.5 CD I-NP
+billion CD I-NP
+issued VBN B-VP
+through IN B-PP
+August NNP B-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+, , O
+up IN B-ADVP
+sharply RB B-ADVP
+from IN B-PP
+$ $ B-NP
+6.5 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+comparable JJ I-NP
+1988 CD I-NP
+period NN I-NP
+-- : B-ADVP
+and CC I-ADVP
+more JJR B-ADVP
+than IN B-PP
+in IN B-PP
+all DT B-NP
+of IN B-PP
+1987 CD B-NP
+. . O
+
+Most JJS B-NP
+issues NNS I-NP
+have VBP B-VP
+been VBN I-VP
+sold VBN I-VP
+to TO B-PP
+professional JJ B-NP
+money NN I-NP
+managers NNS I-NP
+, , O
+pension NN B-NP
+funds NNS I-NP
+, , O
+bank NN B-NP
+trust NN I-NP
+departments NNS I-NP
+and CC O
+other JJ B-NP
+institutions NNS I-NP
+. . O
+
+But CC O
+wealthy JJ B-NP
+individuals NNS I-NP
+also RB B-ADVP
+have VBP B-VP
+been VBN I-VP
+jumping VBG I-VP
+in IN B-ADVP
+, , O
+and CC O
+lately RB B-ADVP
+brokers NNS B-NP
+have VBP B-VP
+been VBN I-VP
+pushing VBG I-VP
+smaller JJR B-NP
+investors NNS I-NP
+into IN B-PP
+the DT B-NP
+asset-backed JJ I-NP
+market NN I-NP
+. . O
+
+The DT B-NP
+entry NN I-NP
+fee NN I-NP
+is VBZ B-VP
+affordable JJ B-ADJP
+: : O
+Issues NNS B-NP
+typically RB B-ADVP
+are VBP B-VP
+sold VBN I-VP
+in IN B-PP
+minimum JJ B-NP
+denominations NNS I-NP
+of IN B-PP
+$ $ B-NP
+1,000 CD I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+expect VBP B-VP
+additional JJ B-NP
+offerings NNS I-NP
+'' '' O
+of IN B-PP
+asset-backed JJ B-NP
+securities NNS I-NP
+targeted VBN B-VP
+toward IN B-PP
+individual JJ B-NP
+investors NNS I-NP
+, , O
+says VBZ B-VP
+Bill NNP B-NP
+Addiss NNP I-NP
+, , O
+a DT B-NP
+senior JJ I-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc NNP I-NP
+. . O
+
+The DT B-NP
+process NN I-NP
+typically RB B-ADVP
+begins VBZ B-VP
+when WRB B-ADVP
+an DT B-NP
+institution NN I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+Citibank NNP B-NP
+or CC O
+Sears NNP B-NP
+, , I-NP
+Roebuck NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+takes VBZ B-VP
+a DT B-NP
+pool NN I-NP
+of IN B-PP
+credit-card NN B-NP
+or CC I-NP
+other JJ I-NP
+receivables NN I-NP
+and CC O
+sells VBZ B-VP
+them PRP B-NP
+to TO B-PP
+a DT B-NP
+specially RB I-NP
+created VBN I-NP
+trust NN I-NP
+. . O
+
+The DT B-NP
+trust NN I-NP
+then RB B-ADVP
+issues VBZ B-VP
+securities NNS B-NP
+-- : O
+generally RB B-ADJP
+due JJ I-ADJP
+in IN B-PP
+five CD B-NP
+years NNS I-NP
+or CC I-NP
+less JJR I-NP
+-- : O
+that WDT B-NP
+are VBP B-VP
+underwritten VBN I-VP
+by IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+brokerage NN I-NP
+firms NNS I-NP
+and CC O
+offered VBN B-VP
+to TO B-PP
+investors NNS B-NP
+. . O
+
+Issues NNS B-NP
+typically RB B-ADVP
+come VBP B-VP
+with IN B-PP
+`` `` O
+credit NN B-NP
+enhancements NNS I-NP
+, , O
+'' '' O
+such JJ B-PP
+as IN I-PP
+a DT B-NP
+bank NN I-NP
+letter NN I-NP
+of IN B-PP
+credit NN B-NP
+, , O
+and CC O
+thus RB B-VP
+have VBP I-VP
+received VBN I-VP
+high JJ B-NP
+credit NN I-NP
+ratings NNS I-NP
+. . O
+
+Enthusiasts NNS B-NP
+say VBP B-VP
+the DT B-NP
+booming JJ I-NP
+market NN I-NP
+has VBZ B-VP
+opened VBN I-VP
+up IN B-PRT
+a DT B-NP
+valuable JJ I-NP
+new JJ I-NP
+source NN I-NP
+of IN B-PP
+funds NNS B-NP
+to TO B-PP
+issuers NNS B-NP
+, , O
+while IN B-SBAR
+providing VBG B-VP
+a DT B-NP
+valuable JJ I-NP
+new JJ I-NP
+investment NN I-NP
+for IN B-PP
+individuals NNS B-NP
+and CC I-NP
+institutions NNS I-NP
+. . O
+
+Asset-backed JJ B-NP
+securities NNS I-NP
+`` `` O
+are VBP B-VP
+an DT B-NP
+attractive JJ I-NP
+investment NN I-NP
+compared VBN B-PP
+to TO B-PP
+bank VB B-NP
+certificates NNS I-NP
+of IN B-PP
+deposit NN B-NP
+or CC O
+other JJ B-NP
+corporate JJ I-NP
+bonds NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Craig NNP B-NP
+J. NNP I-NP
+Goldberg NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+and CC O
+head NN B-NP
+of IN B-PP
+the DT B-NP
+asset-backed JJ I-NP
+securities NNS I-NP
+group VBP I-NP
+at IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+. . O
+
+But CC O
+skeptics NNS B-NP
+question VBP B-VP
+whether IN B-SBAR
+asset-backed JJ B-NP
+bonds NNS I-NP
+offer VBP B-VP
+sufficient JJ B-NP
+rewards NNS I-NP
+to TO B-VP
+compensate VB I-VP
+for IN B-PP
+the DT B-NP
+extra JJ I-NP
+risks NNS I-NP
+. . O
+
+Consider VB B-VP
+a DT B-NP
+$ $ I-NP
+500 CD I-NP
+million CD I-NP
+offering NN I-NP
+of IN B-PP
+9 CD B-NP
+% NN I-NP
+securities NNS I-NP
+issued VBD B-VP
+last JJ B-NP
+spring NN I-NP
+and CC O
+backed VBN B-VP
+by IN B-PP
+Citibank NNP B-NP
+credit-card NN I-NP
+receivables NN I-NP
+. . O
+
+The DT B-NP
+triple-A-rated JJ I-NP
+issue NN I-NP
+offered VBD B-VP
+a DT B-NP
+yield NN I-NP
+of IN B-PP
+only RB B-NP
+about IN I-NP
+0.5 CD I-NP
+percentage NN I-NP
+point NN I-NP
+above IN B-PP
+four-year JJ B-NP
+Treasury NNP I-NP
+issues NNS I-NP
+. . O
+
+On IN B-PP
+a DT B-NP
+$ $ I-NP
+10,000 CD I-NP
+investment NN I-NP
+, , O
+that DT B-NP
+'s VBZ B-VP
+a DT B-NP
+difference NN I-NP
+of IN B-PP
+only RB B-NP
+$ $ I-NP
+50 CD I-NP
+a DT B-NP
+year NN I-NP
+. . O
+
+That DT B-NP
+kind NN I-NP
+of IN B-PP
+spread NN B-NP
+can MD B-VP
+be VB I-VP
+critical JJ B-ADJP
+for IN B-PP
+money NN B-NP
+managers NNS I-NP
+who WP B-NP
+buy VBP B-VP
+bonds NNS B-NP
+in IN B-PP
+large JJ B-NP
+quantities NNS I-NP
+and CC O
+whose WP$ B-NP
+livelihood NN I-NP
+depends VBZ B-VP
+on IN B-PP
+outperforming VBG B-VP
+the DT B-NP
+money NN I-NP
+manager NN I-NP
+across IN B-PP
+the DT B-NP
+street NN I-NP
+. . O
+
+But CC O
+for IN B-PP
+individuals NNS B-NP
+who WP B-NP
+buy VBP B-VP
+much RB B-NP
+smaller JJR I-NP
+amounts NNS I-NP
+and CC O
+care NN B-VP
+less JJR B-ADVP
+about IN B-PP
+relative JJ B-NP
+performance NN I-NP
+than IN B-PP
+in IN B-PP
+preserving VBG B-VP
+what WP B-NP
+they PRP B-NP
+have VBP B-VP
+, , O
+that DT B-NP
+margin NN I-NP
+is VBZ B-VP
+meaningless JJ B-ADJP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+in IN B-PP
+the DT B-NP
+bond NN I-NP
+business NN I-NP
+playing VBG B-VP
+the DT B-NP
+relative-performance JJ I-NP
+derby NN I-NP
+, , O
+then RB B-ADVP
+even RB B-NP
+an DT I-NP
+extra JJ I-NP
+25 CD I-NP
+basis NN I-NP
+points NNS I-NP
+-LRB- ( O
+0.25 CD B-NP
+percentage NN I-NP
+point NN I-NP
+-RRB- ) O
+becomes VBZ B-VP
+an DT B-NP
+important JJ I-NP
+consideration NN I-NP
+on IN B-PP
+a DT B-NP
+career NN I-NP
+basis NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Grant NNP I-NP
+. . O
+
+`` `` O
+But CC O
+if IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+an DT B-NP
+individual JJ I-NP
+investing NN B-VP
+money NN B-NP
+and CC O
+trying VBG B-VP
+to TO I-VP
+get VB I-VP
+it PRP B-NP
+back RB B-PRT
+again RB B-ADVP
+, , O
+then RB B-ADVP
+that WDT B-NP
+is VBZ B-VP
+n't RB O
+of IN B-PP
+overwhelming JJ B-NP
+importance NN I-NP
+. . O
+'' '' O
+
+Moreover RB B-ADVP
+, , O
+the DT B-NP
+interest NN I-NP
+on IN B-PP
+asset-backed JJ B-NP
+securities NNS I-NP
+is VBZ B-VP
+fully RB B-ADJP
+taxable JJ I-ADJP
+, , O
+while IN B-SBAR
+interest NN B-NP
+on IN B-PP
+Treasury NNP B-NP
+issues NNS I-NP
+is VBZ B-VP
+tax-free JJ B-ADJP
+at IN B-PP
+the DT B-NP
+state NN I-NP
+and CC I-NP
+local JJ I-NP
+level NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+why WRB B-ADVP
+some DT B-NP
+investment NN I-NP
+managers NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+Alex NNP B-NP
+Powers NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+Chase NNP B-NP
+Manhattan NNP I-NP
+Bank NNP I-NP
+'s POS B-NP
+private JJ I-NP
+banking NN I-NP
+division NN I-NP
+, , O
+do VBP B-VP
+n't RB I-VP
+recommend VB I-VP
+most RBS B-NP
+asset-backed JJ I-NP
+issues NNS I-NP
+for IN B-PP
+individuals NNS B-NP
+in IN B-PP
+high-tax JJ B-NP
+states NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+New NNP B-NP
+York NNP I-NP
+or CC O
+California NNP B-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Powers NNP I-NP
+has VBZ B-VP
+purchased VBN I-VP
+asset-backed JJ B-NP
+issues NNS I-NP
+for IN B-PP
+individuals NNS B-NP
+with IN B-PP
+tax-deferred JJ B-NP
+accounts NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+retirement NN B-NP
+plans NNS I-NP
+. . O
+
+He PRP B-NP
+points VBZ B-VP
+out RP B-PRT
+that IN B-SBAR
+institutions NNS B-NP
+buying VBG B-VP
+asset-backed JJ B-NP
+issues NNS I-NP
+in IN B-PP
+large JJ B-NP
+quantities NNS I-NP
+can MD B-VP
+earn VB I-VP
+higher JJR B-NP
+spreads VBZ I-NP
+over IN B-PP
+Treasurys NNPS B-NP
+than IN B-PP
+individuals NNS B-NP
+buying VBG B-VP
+smaller JJR B-NP
+amounts NNS I-NP
+. . O
+
+Another DT B-NP
+concern NN I-NP
+is VBZ B-VP
+liquidity NN B-NP
+, , O
+or CC O
+how WRB B-ADVP
+easily RB I-ADVP
+a DT B-NP
+security NN I-NP
+can MD B-VP
+be VB I-VP
+converted VBN I-VP
+into IN B-PP
+cash NN B-NP
+. . O
+
+The DT B-NP
+secondary JJ I-NP
+, , I-NP
+or CC I-NP
+resale NN I-NP
+, , I-NP
+market NN I-NP
+for IN B-PP
+asset-backed JJ B-NP
+securities NNS I-NP
+is VBZ B-VP
+relatively RB B-ADJP
+new JJ I-ADJP
+and CC O
+much RB B-ADJP
+less RBR I-ADJP
+active JJ I-ADJP
+than IN B-PP
+for IN B-PP
+Treasury NNP B-NP
+issues NNS I-NP
+. . O
+
+That DT B-NP
+could MD B-VP
+make VB I-VP
+it PRP B-NP
+tricky JJ B-ADJP
+for IN B-PP
+investors NNS B-NP
+who WP B-NP
+need VBP B-VP
+to TO I-VP
+sell VB I-VP
+their PRP$ B-NP
+holdings NNS I-NP
+quickly RB B-ADVP
+before IN B-SBAR
+the DT B-NP
+securities NNS I-NP
+mature JJ B-VP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+particularly RB B-ADJP
+true JJ I-ADJP
+, , O
+analysts NNS B-NP
+say VBP B-VP
+, , O
+for IN B-PP
+certain JJ B-NP
+of IN B-PP
+the DT B-NP
+securities NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+those DT B-NP
+backed VBN B-VP
+by IN B-PP
+time-share JJ B-NP
+loans NNS I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+could MD B-VP
+see VB I-VP
+massive JJ B-NP
+gyrations NNS I-NP
+here RB B-ADVP
+because IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+such JJ B-NP
+a DT I-NP
+thinly RB I-NP
+traded VBN I-NP
+market NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jonathan NNP B-NP
+S. NNP I-NP
+Paris NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+European JJ B-NP
+Investors NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York NNP I-NP
+investment-management NN I-NP
+firm NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+an DT B-NP
+investor NN I-NP
+who WP B-NP
+wants VBZ B-VP
+to TO I-VP
+know VB I-VP
+the DT B-NP
+daily JJ I-NP
+value NN I-NP
+of IN B-PP
+Treasury NNP B-NP
+bonds NNS I-NP
+, , O
+or CC O
+corporate JJ B-NP
+bonds NNS I-NP
+traded VBN B-VP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+can MD B-VP
+simply RB I-VP
+check VB I-VP
+newspaper NN B-NP
+listings NNS I-NP
+. . O
+
+There EX B-NP
+are VBP B-VP
+n't RB O
+any DT B-NP
+such JJ I-NP
+listings NNS I-NP
+for IN B-PP
+asset-backed JJ B-NP
+securities NNS I-NP
+. . O
+
+Evaluating VBG B-VP
+asset-backed JJ B-NP
+securities NNS I-NP
+poses VBZ B-VP
+another DT B-NP
+problem NN I-NP
+. . O
+
+Investors NNS B-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+may MD B-VP
+mistakenly RB I-VP
+assume VB I-VP
+that IN B-SBAR
+the DT B-NP
+bank NN I-NP
+or CC I-NP
+company NN I-NP
+that IN B-NP
+originally RB B-ADVP
+held VBN B-VP
+the DT B-NP
+assets NNS I-NP
+is VBZ B-VP
+guaranteeing VBG I-VP
+the DT B-NP
+securities NNS I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+n't RB O
+. . O
+
+The DT B-NP
+front NN I-NP
+cover NN I-NP
+of IN B-PP
+the DT B-NP
+prospectus NN I-NP
+for IN B-PP
+the DT B-NP
+Citibank NNP I-NP
+credit-card NN I-NP
+receivables NN I-NP
+offering NN I-NP
+points NNS B-VP
+out IN B-PRT
+in IN B-PP
+bold JJ B-NP
+capital NN I-NP
+letters NNS I-NP
+that IN B-SBAR
+the DT B-NP
+certificates NNS I-NP
+represent VBP B-VP
+an DT B-NP
+interest NN I-NP
+only RB B-ADVP
+in IN B-PP
+the DT B-NP
+specially RB I-NP
+created VBN I-NP
+trust NN I-NP
+and CC O
+`` `` O
+do VBP B-VP
+not RB I-VP
+represent VB I-VP
+interests NNS B-NP
+in IN B-PP
+or CC O
+obligations NNS B-NP
+of IN B-PP
+the DT B-NP
+banks NNS I-NP
+, , O
+Citibank NNP B-NP
+N.A. NNP I-NP
+, , O
+Citicorp NNP B-NP
+or CC O
+any DT B-NP
+affiliate NN I-NP
+thereof RB I-NP
+. . O
+'' '' O
+
+In IN B-PP
+other JJ B-NP
+words NNS I-NP
+, , O
+if IN B-SBAR
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+problem NN I-NP
+, , O
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+Citibank NNP B-NP
+to TO B-VP
+come VB I-VP
+to TO B-PP
+the DT B-NP
+rescue NN I-NP
+. . O
+
+The DT B-NP
+prospectus NN I-NP
+also RB B-ADVP
+notes VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+securities NNS I-NP
+are VBP B-VP
+not RB I-VP
+guaranteed VBN I-VP
+by IN B-PP
+any DT B-NP
+government NN I-NP
+agency NN I-NP
+. . O
+
+That DT B-NP
+means VBZ B-VP
+investors NNS B-NP
+have VBP B-VP
+to TO I-VP
+focus VB I-VP
+on IN B-PP
+the DT B-NP
+quality NN I-NP
+of IN B-PP
+the DT B-NP
+debt NN I-NP
+that WDT B-NP
+lies VBZ B-VP
+beneath IN B-PP
+the DT B-NP
+securities NNS I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+on IN B-PP
+the DT B-NP
+credit NN I-NP
+enhancement NN I-NP
+for IN B-PP
+the DT B-NP
+issue NN I-NP
+and CC O
+the DT B-NP
+credit NN I-NP
+ratings NNS I-NP
+the DT B-NP
+issue NN I-NP
+has VBZ B-VP
+received VBN I-VP
+. . O
+
+That DT B-NP
+also RB B-ADVP
+is VBZ B-VP
+n't RB O
+easy JJ B-ADJP
+. . O
+
+Take VB B-VP
+the DT B-NP
+`` `` I-NP
+credit NN I-NP
+enhancements NNS I-NP
+, , O
+'' '' O
+which WDT B-NP
+typically RB B-ADVP
+include VBP B-VP
+a DT B-NP
+bank NN I-NP
+letter NN I-NP
+of IN B-PP
+credit NN B-NP
+or CC O
+insurance NN B-NP
+from IN B-PP
+a DT B-NP
+bond-insurance JJ I-NP
+company NN I-NP
+. . O
+
+The DT B-NP
+letter NN I-NP
+of IN B-PP
+credit NN B-NP
+typically RB B-ADVP
+is VBZ B-VP
+not RB I-VP
+offered VBN I-VP
+by IN B-PP
+the DT B-NP
+bank NN I-NP
+selling VBG B-VP
+the DT B-NP
+assets NNS I-NP
+to TO B-VP
+back RB I-VP
+the DT B-NP
+securities NNS I-NP
+. . O
+
+Nor CC O
+does VBZ O
+it PRP B-NP
+cover VBP B-VP
+the DT B-NP
+entire JJ I-NP
+portfolio NN I-NP
+. . O
+
+Details NNS B-NP
+of IN B-PP
+credit NN B-NP
+enhancements NNS I-NP
+vary VBP B-VP
+widely RB B-ADVP
+from IN B-PP
+issue NN B-NP
+to TO B-PP
+issue VB B-NP
+. . O
+
+Still RB B-ADVP
+, , O
+they PRP B-NP
+play VBP B-VP
+a DT B-NP
+crucial JJ I-NP
+role NN I-NP
+in IN B-PP
+winning VBG B-VP
+top JJ B-NP
+ratings NNS I-NP
+for IN B-PP
+most RBS B-NP
+asset-backed JJ I-NP
+issues NNS I-NP
+-- : O
+which WDT B-NP
+in IN B-PP
+turn NN B-NP
+is VBZ B-VP
+why WRB B-ADVP
+the DT B-NP
+yield NN I-NP
+above IN B-PP
+Treasurys NNPS B-NP
+is VBZ B-VP
+so RB B-ADJP
+slim JJ I-ADJP
+. . O
+
+But CC O
+skeptics NNS B-NP
+ask VBP B-VP
+why WRB B-ADVP
+you PRP B-NP
+should MD B-VP
+bother VB I-VP
+buying VBG I-VP
+this DT B-NP
+stuff NN I-NP
+when WRB B-ADVP
+you PRP B-NP
+can MD B-VP
+get VB I-VP
+only RB B-ADVP
+slightly RB I-ADVP
+lower JJR B-NP
+yields NNS I-NP
+on IN B-PP
+government-guaranteed JJ B-NP
+paper NN I-NP
+. . O
+
+When WRB B-ADVP
+you PRP B-NP
+buy VBP B-VP
+an DT B-NP
+asset-backed JJ I-NP
+issue NN I-NP
+, , O
+you PRP B-NP
+take VBP B-VP
+the DT B-NP
+risk NN I-NP
+that IN B-SBAR
+a DT B-NP
+bank NN I-NP
+or CC O
+an DT B-NP
+insurer NN I-NP
+could MD B-VP
+run VB I-VP
+into IN B-PP
+unexpected JJ B-NP
+difficulties NNS I-NP
+. . O
+
+If IN B-SBAR
+a DT B-NP
+bank NN I-NP
+'s POS B-NP
+credit NN I-NP
+rating NN I-NP
+was VBD B-VP
+lowered VBN I-VP
+because IN B-PP
+of IN I-PP
+, , O
+say VBP B-INTJ
+, , O
+its PRP$ B-NP
+loans NNS I-NP
+to TO B-PP
+Third NNP B-NP
+World NNP I-NP
+nations NNS I-NP
+, , O
+that WDT B-NP
+could MD B-VP
+also RB I-VP
+affect VB I-VP
+the DT B-NP
+ratings NNS I-NP
+, , I-NP
+liquidity NN I-NP
+and CC I-NP
+prices NNS I-NP
+of IN B-PP
+the DT B-NP
+asset-backed JJ I-NP
+issues NNS I-NP
+that IN B-NP
+the DT B-NP
+bank NN I-NP
+supports NNS B-VP
+. . O
+
+Underwriters NNS B-NP
+insist VBP B-VP
+these DT B-NP
+issues NNS I-NP
+are VBP B-VP
+constructed VBN I-VP
+to TO B-VP
+withstand VB I-VP
+extremely RB B-NP
+tough JJ I-NP
+economic JJ I-NP
+conditions NNS I-NP
+. . O
+
+But CC O
+despite IN B-PP
+the DT B-NP
+credit NN I-NP
+enhancements NNS I-NP
+, , O
+despite IN B-PP
+the DT B-NP
+high JJ I-NP
+ratings NNS I-NP
+, , O
+some DT B-NP
+money NN I-NP
+managers NNS I-NP
+still RB B-ADVP
+worry VBP B-VP
+that IN B-SBAR
+a DT B-NP
+recession NN I-NP
+could MD B-VP
+wreak VB I-VP
+havoc NN B-NP
+on IN B-PP
+the DT B-NP
+underlying VBG I-NP
+assets NNS I-NP
+. . O
+
+At IN B-PP
+a DT B-NP
+time NN I-NP
+when WRB B-ADVP
+Americans NNPS B-NP
+are VBP B-VP
+leveraged JJ B-ADJP
+to TO B-PP
+their PRP$ B-NP
+eyeballs NNS I-NP
+, , O
+asset-backed JJ B-NP
+investors NNS I-NP
+may MD B-VP
+be VB I-VP
+taking VBG I-VP
+a DT B-NP
+heady JJ I-NP
+gamble NN I-NP
+that IN B-SBAR
+consumers NNS B-NP
+will MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+repay VB I-VP
+loans NNS B-NP
+in IN B-PP
+hard JJ B-NP
+times NNS I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+very RB I-NP
+least JJS I-NP
+, , O
+a DT B-NP
+recession NN I-NP
+would MD B-VP
+prompt VB I-VP
+investors NNS B-NP
+to TO B-VP
+buy VB I-VP
+the DT B-NP
+highest-quality JJ I-NP
+bonds NNS I-NP
+they PRP B-NP
+can MD B-VP
+find VB I-VP
+-- : O
+that DT B-NP
+is VBZ B-VP
+, , O
+Treasurys NNPS B-NP
+. . O
+
+That DT B-NP
+could MD B-VP
+widen VB I-VP
+the DT B-NP
+yield NN I-NP
+spread NN I-NP
+between IN B-PP
+Treasurys NNPS B-NP
+and CC O
+asset-backed JJ B-NP
+securities NNS I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+make NN B-VP
+it PRP B-NP
+tougher JJR B-ADJP
+to TO B-VP
+unload VB I-VP
+the DT B-NP
+latter NN I-NP
+. . O
+
+But CC O
+it PRP B-NP
+could MD B-VP
+be VB I-VP
+much RB B-ADJP
+worse JJR I-ADJP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+are VBP B-VP
+especially RB B-ADJP
+wary JJ I-ADJP
+of IN B-PP
+credit-card NN B-NP
+issues NNS I-NP
+. . O
+
+For IN B-PP
+one CD B-NP
+thing NN I-NP
+, , O
+credit-card NN B-NP
+loans NNS I-NP
+are VBP B-VP
+unsecured JJ B-ADJP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+they PRP B-NP
+fear VBP B-VP
+that IN B-SBAR
+banks NNS B-NP
+have VBP B-VP
+been VBN I-VP
+overeager JJ B-ADJP
+to TO B-VP
+issue VB I-VP
+cards NNS B-NP
+to TO B-PP
+the DT B-NP
+public JJ I-NP
+-- : O
+giving VBG B-VP
+cards NNS B-NP
+to TO B-PP
+too RB B-NP
+many JJ I-NP
+big JJ I-NP
+spenders NNS I-NP
+who WP B-NP
+will MD B-VP
+default VB I-VP
+during IN B-PP
+a DT B-NP
+recession NN I-NP
+. . O
+
+`` `` O
+A DT B-NP
+day NN I-NP
+of IN B-PP
+reckoning NN B-NP
+is VBZ B-VP
+coming VBG I-VP
+where WRB B-ADVP
+we PRP B-NP
+think VBP B-VP
+the DT B-NP
+market NN I-NP
+will MD B-VP
+place VB I-VP
+a DT B-NP
+high JJ I-NP
+premium NN I-NP
+on IN B-PP
+the DT B-NP
+highest-quality JJ I-NP
+debt NN I-NP
+issues NNS I-NP
+, , O
+and CC O
+therefore RB B-ADVP
+we PRP B-NP
+think VBP B-VP
+the DT B-NP
+best JJS I-NP
+debt NN I-NP
+investment NN I-NP
+is VBZ B-VP
+U.S. NNP B-NP
+government NN I-NP
+bonds NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Craig NNP B-NP
+Corcoran NNP I-NP
+of IN B-PP
+Davis\/Zweig NNP B-NP
+Futures NNP I-NP
+Inc. NNP I-NP
+, , O
+an DT B-NP
+investment NN I-NP
+advisory JJ I-NP
+firm NN I-NP
+. . O
+
+What WP B-NP
+about IN B-PP
+triple-A-rated JJ B-NP
+asset-backed JJ I-NP
+issues NNS I-NP
+? . O
+
+`` `` O
+Nope UH B-INTJ
+, , O
+we PRP B-NP
+still RB B-ADVP
+say VBP B-VP
+to TO I-VP
+stick VB I-VP
+with IN B-PP
+Treasurys NNPS B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Corcoran NNP I-NP
+replies VBZ B-VP
+. . O
+
+Ratings NNS B-NP
+, , O
+he PRP B-NP
+notes VBZ B-VP
+, , O
+`` `` O
+are VBP B-VP
+subject NN B-ADJP
+to TO B-PP
+change VB B-NP
+. . O
+'' '' O
+
+All DT B-NP
+this DT I-NP
+makes VBZ B-VP
+asset-backed JJ B-NP
+securities NNS I-NP
+seem VBP B-VP
+too RB B-ADJP
+risky JJ I-ADJP
+for IN B-PP
+many JJ B-NP
+people NNS I-NP
+. . O
+
+And CC O
+it PRP B-NP
+reminds VBZ B-VP
+Raymond NNP B-NP
+F. NNP I-NP
+DeVoe NNP I-NP
+Jr. NNP I-NP
+, , O
+a DT B-NP
+market NN I-NP
+strategist NN I-NP
+at IN B-PP
+Legg NNP B-NP
+Mason NNP I-NP
+Wood NNP I-NP
+Walker NNP I-NP
+Inc. NNP I-NP
+, , O
+of IN B-PP
+what WP B-NP
+he PRP B-NP
+calls VBZ B-VP
+`` `` O
+DeVoe NNP B-NP
+'s POS B-NP
+Unprovable JJ B-ADJP
+but CC O
+Highly RB B-ADJP
+Probable NNP I-ADJP
+Theory NNP B-NP
+No. NN I-NP
+1 CD I-NP
+: : O
+
+`` `` O
+More JJR B-NP
+money NN I-NP
+has VBZ B-VP
+been VBN I-VP
+lost VBN I-VP
+reaching VBG B-VP
+for IN B-PP
+yield NN B-NP
+than IN B-PP
+in IN B-PP
+all PDT B-NP
+the DT I-NP
+stock NN I-NP
+speculations NNS I-NP
+, , I-NP
+scams NNS I-NP
+and CC I-NP
+frauds NNS I-NP
+of IN B-PP
+all DT B-NP
+time NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Herman NNP I-NP
+is VBZ B-VP
+a DT B-NP
+staff NN I-NP
+reporter NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+New NNP I-NP
+York NNP I-NP
+bureau NN I-NP
+. . O
+
+Volume NN B-NP
+of IN B-PP
+asset-backed JJ B-NP
+securities NNS I-NP
+issued VBN B-VP
+annually RB B-ADVP
+
+\* SYM O
+Principal NNP B-NP
+amount NN I-NP
+
+\*\* SYM O
+As IN B-PP
+of IN B-PP
+August NNP B-NP
+30 CD I-NP
+
+\* SYM O
+Principal NNP B-NP
+amount NN I-NP
+
+Source NN B-NP
+: : O
+Securities NNP B-NP
+Data NNP I-NP
+Co NNP I-NP
+. . O
+
+IF IN B-SBAR
+YOU PRP B-NP
+FORCE VBP B-VP
+financial JJ B-NP
+planners NNS I-NP
+to TO B-VP
+sum VB I-VP
+up IN B-PRT
+their PRP$ B-NP
+most RBS I-NP
+important JJ I-NP
+advice NN I-NP
+in IN B-PP
+a DT B-NP
+single JJ I-NP
+sentence NN I-NP
+, , O
+it PRP B-NP
+would MD B-VP
+probably RB I-VP
+be VB I-VP
+a DT B-NP
+one-word JJ I-NP
+sentence NN I-NP
+: : O
+Diversify VB B-VP
+. . O
+
+Judging VBG B-VP
+by IN B-PP
+a DT B-NP
+poll NN I-NP
+of IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+Journal NNP I-NP
+readers NNS I-NP
+conducted VBD B-VP
+this DT B-NP
+summer NN I-NP
+by IN B-PP
+Erdos NNP B-NP
+& CC I-NP
+Morgan NNP I-NP
+Inc. NNP I-NP
+, , O
+serious JJ B-NP
+investors NNS I-NP
+have VBP B-VP
+taken VBN I-VP
+that DT B-NP
+advice NN I-NP
+to TO B-PP
+heart VB B-NP
+. . O
+
+Nearly RB B-NP
+1,000 CD I-NP
+investors NNS I-NP
+responded VBD B-VP
+to TO B-PP
+the DT B-NP
+Journal NNP I-NP
+'s POS B-NP
+poll NN I-NP
+, , O
+providing VBG B-VP
+an DT B-NP
+in-depth JJ I-NP
+look NN I-NP
+at IN B-PP
+their PRP$ B-NP
+portfolios NNS I-NP
+. . O
+
+Those DT B-NP
+portfolios NNS I-NP
+are VBP B-VP
+remarkably RB B-ADJP
+diversified JJ I-ADJP
+. . O
+
+By IN B-PP
+spreading VBG B-VP
+their PRP$ B-NP
+wealth NN I-NP
+among IN B-PP
+several JJ B-NP
+investment NN I-NP
+alternatives NNS I-NP
+, , O
+the DT B-NP
+respondents NNS I-NP
+have VBP B-VP
+protected VBN I-VP
+themselves PRP B-NP
+against IN B-PP
+squalls NNS B-NP
+in IN B-PP
+any DT B-NP
+one CD I-NP
+area NN I-NP
+, , O
+be VB O
+it PRP B-NP
+stocks VBZ B-NP
+, , O
+bonds NNS B-NP
+or CC O
+real JJ B-NP
+estate NN I-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+about IN B-NP
+88 CD I-NP
+% NN I-NP
+of IN B-PP
+Journal NNP B-NP
+readers NNS I-NP
+owned VBD B-VP
+stock NN B-NP
+-LRB- ( O
+down RB B-ADVP
+slightly RB B-ADVP
+from IN B-PP
+91 CD B-NP
+% NN I-NP
+in IN B-PP
+a DT B-NP
+similar JJ I-NP
+poll NN I-NP
+last JJ B-NP
+year NN I-NP
+-RRB- ) O
+. . O
+
+But CC O
+only RB B-NP
+17.5 CD I-NP
+% NN I-NP
+said VBD B-VP
+they PRP B-NP
+had VBD B-VP
+more JJR B-NP
+than IN I-NP
+half VB I-NP
+their PRP$ I-NP
+money NN I-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+Similarly RB B-ADVP
+, , O
+57 CD B-NP
+% NN I-NP
+of IN B-PP
+respondents NNS B-NP
+own JJ B-VP
+shares NNS B-NP
+in IN B-PP
+a DT B-NP
+money-market JJ I-NP
+mutual JJ I-NP
+fund NN I-NP
+, , O
+and CC O
+33 CD B-NP
+% NN I-NP
+own JJ B-VP
+municipal JJ B-NP
+bonds NNS I-NP
+. . O
+
+But CC O
+only RB B-NP
+6 CD I-NP
+% NN I-NP
+to TO I-NP
+7 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+investors NNS I-NP
+were VBD B-VP
+committing VBG I-VP
+more JJR B-NP
+than IN I-NP
+half VB I-NP
+their PRP$ I-NP
+funds NNS I-NP
+to TO B-PP
+either DT B-NP
+of IN B-PP
+those DT B-NP
+alternatives NNS I-NP
+. . O
+
+The DT B-NP
+poll NN I-NP
+, , O
+conducted VBN B-VP
+Aug. NNP B-NP
+7-28 JJ I-NP
+, , O
+also RB B-ADVP
+provides VBZ B-VP
+a DT B-NP
+glimpse NN I-NP
+into IN B-PP
+the DT B-NP
+thinking NN I-NP
+of IN B-PP
+serious JJ B-NP
+investors NNS I-NP
+on IN B-PP
+a DT B-NP
+variety NN I-NP
+of IN B-PP
+other JJ B-NP
+topics NNS I-NP
+. . O
+
+It PRP B-NP
+found VBD B-VP
+them PRP B-NP
+in IN B-PP
+a DT B-NP
+cautious JJ I-NP
+, , I-NP
+but CC I-NP
+not RB I-NP
+downbeat JJ I-NP
+, , I-NP
+mood NN I-NP
+. . O
+
+Of IN B-PP
+1,500 CD B-NP
+people NNS I-NP
+sent VBD B-VP
+a DT B-NP
+questionnaire NN I-NP
+, , O
+951 CD B-NP
+replied VBD B-VP
+. . O
+
+The DT B-NP
+response NN I-NP
+rate NN I-NP
+, , O
+more JJR B-NP
+than IN I-NP
+63 CD I-NP
+% NN I-NP
+, , O
+allows VBZ B-VP
+the DT B-NP
+results NNS I-NP
+to TO B-VP
+be VB I-VP
+interpreted VBN I-VP
+with IN B-PP
+a DT B-NP
+high JJ I-NP
+degree NN I-NP
+of IN B-PP
+confidence NN B-NP
+. . O
+
+The DT B-NP
+results NNS I-NP
+ca MD B-VP
+n't RB I-VP
+be VB I-VP
+extrapolated VBN I-VP
+to TO B-PP
+all DT B-NP
+investors NNS I-NP
+, , O
+though RB B-ADVP
+. . O
+
+Journal NN B-NP
+readers NNS I-NP
+are VBP B-VP
+relatively RB B-ADJP
+affluent JJ I-ADJP
+, , O
+with IN B-PP
+a DT B-NP
+median JJ I-NP
+household NN I-NP
+income NN I-NP
+of IN B-PP
+between IN B-NP
+$ $ I-NP
+75,000 CD I-NP
+and CC I-NP
+$ $ I-NP
+99,000 CD I-NP
+. . O
+
+Nearly RB B-NP
+half NN I-NP
+of IN B-PP
+the DT B-NP
+respondents NNS I-NP
+-LRB- ( O
+47 CD B-NP
+% NN I-NP
+-RRB- ) O
+said VBD B-VP
+their PRP$ B-NP
+investment NN I-NP
+portfolio NN I-NP
+was VBD B-VP
+worth JJ B-ADJP
+$ $ B-NP
+250,000 CD I-NP
+or CC I-NP
+more JJR I-NP
+, , O
+and CC O
+17 CD B-NP
+% NN I-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+worth JJ B-ADJP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+or CC I-NP
+more JJR I-NP
+. . O
+
+The DT B-NP
+respondents NNS I-NP
+were VBD B-VP
+mildly RB B-ADJP
+optimistic JJ I-ADJP
+about IN B-PP
+the DT B-NP
+economy NN I-NP
+and CC O
+investment NN B-NP
+markets NNS I-NP
+, , O
+but CC O
+their PRP$ B-NP
+collective JJ I-NP
+judgments NNS I-NP
+were VBD B-VP
+a DT B-NP
+notch NN I-NP
+more RBR B-ADJP
+sober JJ I-ADJP
+than IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+12 CD B-NP
+% NN I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+respondents NNS I-NP
+said VBD B-VP
+they PRP B-NP
+expect VBP B-VP
+a DT B-NP
+recession NN I-NP
+within IN B-PP
+12 CD B-NP
+months NNS I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+, , O
+only RB B-NP
+8 CD I-NP
+% NN I-NP
+were VBD B-VP
+expecting VBG I-VP
+a DT B-NP
+recession NN I-NP
+. . O
+
+An DT B-NP
+additional JJ I-NP
+56 CD I-NP
+% NN I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+respondents NNS I-NP
+expect VBP B-VP
+the DT B-NP
+economy NN I-NP
+to TO B-VP
+slow VB I-VP
+down RB B-PRT
+during IN B-PP
+the DT B-NP
+next JJ I-NP
+12 CD I-NP
+months NNS I-NP
+. . O
+
+Only RB B-NP
+42 CD I-NP
+% NN I-NP
+of IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+respondents NNS I-NP
+anticipated VBN B-VP
+slowing VBG B-NP
+growth NN I-NP
+. . O
+
+Apparently RB B-ADVP
+, , O
+the DT B-NP
+respondents NNS I-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+that IN B-SBAR
+an DT B-NP
+economic JJ I-NP
+slowdown NN I-NP
+would MD B-VP
+harm VB I-VP
+the DT B-NP
+major JJ I-NP
+investment NN I-NP
+markets NNS I-NP
+very RB B-ADVP
+much RB I-ADVP
+. . O
+
+A DT B-NP
+slim JJ I-NP
+majority NN I-NP
+-LRB- ( O
+51 CD B-NP
+% NN I-NP
+-RRB- ) O
+think VBP B-VP
+stock NN B-NP
+prices NNS I-NP
+will MD B-VP
+be VB I-VP
+higher JJR B-ADJP
+in IN B-PP
+August NNP B-NP
+1990 CD I-NP
+than IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+in IN B-PP
+August NNP B-NP
+1989 CD I-NP
+. . O
+
+Their PRP$ B-NP
+verdict NN I-NP
+on IN B-PP
+real JJ B-NP
+estate NN I-NP
+is VBZ B-VP
+almost RB B-ADVP
+the DT B-NP
+same JJ I-NP
+. . O
+
+Some DT B-NP
+50 CD I-NP
+% NN I-NP
+expect VBP B-VP
+real JJ B-NP
+estate NN I-NP
+in IN B-PP
+their PRP$ B-NP
+local JJ I-NP
+area NN I-NP
+to TO B-VP
+increase VB I-VP
+in IN B-PP
+value NN B-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+12 CD I-NP
+months NNS I-NP
+. . O
+
+By IN B-PP
+contrast NN B-NP
+, , O
+only RB B-NP
+32 CD I-NP
+% NN I-NP
+expect VBP B-VP
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+price NN I-NP
+of IN B-PP
+gold NN B-NP
+. . O
+
+Since IN B-SBAR
+gold NN B-NP
+tends VBZ B-VP
+to TO I-VP
+soar VB I-VP
+when WRB B-ADVP
+inflation NN B-NP
+is VBZ B-VP
+high JJ B-ADJP
+, , O
+that IN B-NP
+finding VBG I-NP
+suggests VBZ B-VP
+that IN B-SBAR
+people NNS B-NP
+believe VBP B-VP
+inflation NN B-NP
+remains VBZ B-VP
+under IN B-PP
+control NN B-NP
+. . O
+
+Even RB B-SBAR
+though IN I-SBAR
+only RB B-NP
+12 CD I-NP
+% NN I-NP
+actually RB B-ADVP
+predicted VBD B-VP
+a DT B-NP
+recession NN I-NP
+, , O
+many JJ B-NP
+respondents NNS I-NP
+were VBD B-VP
+taking VBG I-VP
+a DT B-NP
+better-safe-than JJ I-NP
+sorry JJ I-NP
+investment NN I-NP
+stance NN I-NP
+. . O
+
+Nearly RB B-NP
+a DT I-NP
+third JJ I-NP
+said VBD B-VP
+they PRP B-NP
+have VBP B-VP
+made VBN I-VP
+some DT B-NP
+portfolio NN I-NP
+changes NNS I-NP
+to TO B-VP
+anticipate VB I-VP
+a DT B-NP
+possible JJ I-NP
+recession NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+most RBS I-NP
+part NN I-NP
+, , O
+the DT B-NP
+changes NNS I-NP
+were VBD B-VP
+`` `` O
+slight JJ B-ADJP
+. . O
+'' '' O
+
+The DT B-NP
+two-thirds NNS I-NP
+who WP B-NP
+have VBP B-VP
+n't RB I-VP
+tried VBN I-VP
+to TO I-VP
+make VB I-VP
+their PRP$ B-NP
+portfolios NNS I-NP
+more RBR B-ADJP
+recession-resistant JJ I-ADJP
+were VBD B-VP
+split NN I-VP
+about IN B-ADVP
+evenly RB I-ADVP
+between IN B-PP
+investors NNS B-NP
+who WP B-NP
+`` `` O
+do VBP B-VP
+n't RB I-VP
+believe VB I-VP
+in IN B-PP
+trying VBG B-VP
+to TO I-VP
+predict VB I-VP
+the DT B-NP
+markets NNS I-NP
+'' '' O
+-LRB- ( O
+about IN B-NP
+31 CD I-NP
+% NN I-NP
+-RRB- ) O
+and CC O
+investors NNS B-NP
+who WP B-NP
+`` `` B-VP
+do VBP I-VP
+n't RB O
+expect VB B-VP
+a DT B-NP
+recession NN I-NP
+'' '' O
+-LRB- ( O
+about IN B-NP
+15 CD I-NP
+% NN I-NP
+-RRB- ) O
+or CC O
+are VBP B-VP
+`` `` O
+unsure JJ B-ADJP
+if IN O
+and CC O
+when WRB B-ADVP
+a DT B-NP
+recession NN I-NP
+might MD B-VP
+come VB I-VP
+'' '' O
+-LRB- ( O
+about IN B-NP
+22 CD I-NP
+% NN I-NP
+-RRB- ) O
+. . O
+
+A DT B-NP
+buy-and-hold JJ I-NP
+approach NN I-NP
+to TO B-PP
+stocks NNS B-NP
+continues VBZ B-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+rule NN I-NP
+among IN B-PP
+respondents NNS B-NP
+. . O
+
+Most JJS B-NP
+own JJ B-VP
+two CD B-NP
+to TO I-NP
+10 CD I-NP
+stocks NNS I-NP
+, , O
+and CC O
+buy VB B-VP
+or CC I-VP
+sell VB I-VP
+no DT B-ADVP
+more JJR I-ADVP
+than IN B-PP
+three CD B-NP
+times VBZ I-NP
+a DT B-NP
+year NN I-NP
+. . O
+
+Some DT B-NP
+71 CD I-NP
+% NN I-NP
+had VBD B-VP
+bought VBN I-VP
+some DT B-NP
+stock NN I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+year NN I-NP
+; : O
+only RB B-NP
+57 CD I-NP
+% NN I-NP
+had VBD B-VP
+sold VBN I-VP
+any DT B-NP
+. . O
+
+But CC O
+the DT B-NP
+lurking VBG I-NP
+shadow NN I-NP
+of IN B-PP
+1987 CD B-NP
+'s POS B-NP
+stock-market NN I-NP
+crash NN I-NP
+still RB B-ADVP
+seems VBZ B-VP
+dark JJ B-ADJP
+. . O
+
+About IN B-NP
+33 CD I-NP
+% NN I-NP
+considered VBD B-VP
+another DT B-NP
+crash NN I-NP
+`` `` O
+likely JJ B-ADJP
+, , O
+'' '' O
+while IN B-SBAR
+about IN B-NP
+63 CD I-NP
+% NN I-NP
+said VBD B-VP
+one CD B-NP
+is VBZ B-VP
+`` `` O
+unlikely JJ B-ADJP
+. . O
+'' '' O
+
+Those DT B-NP
+percentages NNS I-NP
+hardly RB B-ADVP
+changed VBN B-VP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+year NN I-NP
+'s POS B-NP
+poll NN I-NP
+. . O
+
+And CC O
+the DT B-NP
+respondents NNS I-NP
+' POS B-NP
+commitment NN I-NP
+to TO B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+remains VBZ B-VP
+somewhat RB B-ADJP
+lighter JJR I-ADJP
+than IN B-PP
+usual JJ B-ADJP
+. . O
+
+About IN B-NP
+60 CD I-NP
+% NN I-NP
+of IN B-PP
+them PRP B-NP
+said VBD B-VP
+they PRP B-NP
+would MD B-VP
+`` `` O
+ordinarily RB B-ADVP
+'' '' O
+have VBP B-VP
+at IN B-NP
+least JJS I-NP
+25 CD I-NP
+% NN I-NP
+of IN B-PP
+their PRP$ B-NP
+money NN I-NP
+in IN B-PP
+stocks NNS B-NP
+. . O
+
+But CC O
+as IN B-PP
+of IN B-PP
+August NNP B-NP
+, , O
+only RB B-NP
+50 CD I-NP
+% NN I-NP
+actually RB B-ADVP
+had VBD B-VP
+stock-market NN B-NP
+investments NNS I-NP
+of IN B-PP
+that DT B-NP
+size NN I-NP
+. . O
+
+Most JJS B-NP
+stock-market NN I-NP
+indexes NNS I-NP
+were VBD B-VP
+hitting VBG I-VP
+all-time JJ B-NP
+highs NNS I-NP
+at IN B-PP
+around IN B-NP
+the DT I-NP
+time NN I-NP
+of IN B-PP
+the DT B-NP
+poll NN I-NP
+. . O
+
+But CC O
+it PRP B-NP
+appears VBZ B-VP
+that IN B-SBAR
+many JJ B-NP
+Journal NNP I-NP
+readers NNS I-NP
+were VBD B-VP
+taking VBG I-VP
+that DT B-NP
+news NN I-NP
+as IN B-PP
+a DT B-NP
+sign NN I-NP
+to TO B-VP
+be VB I-VP
+cautious JJ B-ADJP
+, , O
+rather RB B-CONJP
+than IN I-CONJP
+a DT B-NP
+signal NN I-NP
+to TO B-VP
+jump VB I-VP
+on IN B-PP
+the DT B-NP
+bandwagon NN I-NP
+. . O
+
+Mr. NNP B-NP
+Dorfman NNP I-NP
+covers VBZ B-VP
+investing VBG B-NP
+issues NNS I-NP
+from IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+New NNP I-NP
+York NNP I-NP
+bureau NN I-NP
+. . O
+
+Canadian JJ B-NP
+steel NN I-NP
+ingot NN I-NP
+production NN I-NP
+totaled VBD B-VP
+276,334 CD B-NP
+metric JJ I-NP
+tons NNS I-NP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Oct. NNP B-NP
+14 CD I-NP
+, , O
+down RB B-ADVP
+5.3 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+preceding VBG I-NP
+week NN I-NP
+'s POS B-NP
+total NN I-NP
+of IN B-PP
+291,890 CD B-NP
+tons NNS I-NP
+, , O
+Statistics NNP B-NP
+Canada NNP I-NP
+, , O
+a DT B-NP
+federal JJ I-NP
+agency NN I-NP
+, , O
+said VBD B-VP
+. . O
+
+The DT B-NP
+week NN I-NP
+'s POS B-NP
+total NN I-NP
+was VBD B-VP
+down RB B-ADVP
+7.1 CD B-NP
+% NN I-NP
+from IN B-PP
+297,446 CD B-NP
+tons NNS I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+A DT B-NP
+metric JJ I-NP
+ton NN I-NP
+is VBZ B-VP
+equal JJ B-ADJP
+to TO B-PP
+2,204.62 CD B-NP
+pounds NNS I-NP
+. . O
+
+The DT B-NP
+cumulative JJ I-NP
+total NN I-NP
+in IN B-PP
+1989 CD B-NP
+was VBD B-VP
+12,283,217 CD B-NP
+tons NNS I-NP
+, , O
+up IN B-ADVP
+7.5 CD B-NP
+% NN I-NP
+from IN B-PP
+11,429,243 CD B-NP
+tons NNS I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Health NNP B-NP
+Care NNP I-NP
+Property NNP I-NP
+Investors NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+acquired VBD B-VP
+three CD B-NP
+long-term JJ I-NP
+care NN I-NP
+facilities NNS I-NP
+and CC O
+one CD B-NP
+assisted-living JJ I-NP
+facility NN I-NP
+in IN B-PP
+a DT B-NP
+purchase-and-lease JJ I-NP
+transaction NN I-NP
+valued VBN B-VP
+at IN B-PP
+$ $ B-NP
+15 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+real JJ I-NP
+estate NN I-NP
+investment NN I-NP
+trust NN I-NP
+said VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+leased VBD B-VP
+the DT B-NP
+three CD I-NP
+Florida NNP I-NP
+facilities NNS I-NP
+to TO B-PP
+National NNP B-NP
+Health NNP I-NP
+Care NNP I-NP
+Affiliates NNP I-NP
+Inc. NNP I-NP
+of IN B-PP
+Buffalo NNP B-NP
+, , O
+N.Y NNP B-NP
+. . O
+
+Health NNP B-NP
+Care NNP I-NP
+Property NNP I-NP
+holds VBZ B-VP
+an DT B-NP
+interest NN I-NP
+in IN B-PP
+139 CD B-NP
+facilities NNS I-NP
+in IN B-PP
+30 CD B-NP
+states NNS I-NP
+. . O
+
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+said VBD B-VP
+it PRP B-NP
+lowered VBD B-VP
+its PRP$ B-NP
+rating NN I-NP
+on IN B-PP
+about RB B-NP
+$ $ I-NP
+75 CD I-NP
+million CD I-NP
+of IN B-PP
+this DT B-NP
+Chatsworth NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+concern NN I-NP
+'s POS B-NP
+convertible JJ I-NP
+subordinated VBN I-NP
+debentures NNS I-NP
+, , O
+due JJ B-ADJP
+2012 CD B-NP
+, , O
+to TO B-PP
+Caa NNP B-NP
+from IN B-PP
+B2 NN B-NP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+the DT B-NP
+reduction NN I-NP
+reflects VBZ B-VP
+impaired VBN B-NP
+business NN I-NP
+prospects NNS I-NP
+and CC O
+reduced VBN B-NP
+financial JJ I-NP
+flexibility NN I-NP
+caused VBN B-VP
+by IN B-PP
+continuing VBG B-NP
+losses NNS I-NP
+at IN B-PP
+the DT B-NP
+maker NN I-NP
+of IN B-PP
+Winchester NNP B-NP
+disk NN I-NP
+drives NNS I-NP
+. . O
+
+VALLEY NNP B-NP
+National NNP I-NP
+Corp. NNP I-NP
+-- : O
+
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+lowered VBD B-VP
+its PRP$ B-NP
+rating NN I-NP
+on IN B-PP
+about RB B-NP
+$ $ I-NP
+400 CD I-NP
+million CD I-NP
+of IN B-PP
+this DT O
+bank NN B-NP
+holding VBG I-NP
+company NN I-NP
+'s POS B-NP
+senior JJ I-NP
+debt NN I-NP
+to TO B-PP
+B2 NN B-NP
+from IN B-PP
+Ba3 NN B-NP
+. . O
+
+Moody NNP B-NP
+'s POS I-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+Valley NNP B-NP
+National NNP I-NP
+, , O
+of IN B-PP
+Phoenix NNP B-NP
+, , O
+Ariz. NNP B-NP
+, , O
+to TO B-VP
+make VB I-VP
+substantial JJ B-NP
+further JJ I-NP
+provisions NNS I-NP
+against IN B-PP
+its PRP$ B-NP
+real-estate NN I-NP
+portfolio NN I-NP
+, , O
+and CC O
+that IN B-SBAR
+it PRP B-NP
+continues VBZ B-VP
+to TO I-VP
+suffer VB I-VP
+from IN B-PP
+the DT B-NP
+high JJ I-NP
+cost NN I-NP
+of IN B-PP
+carrying VBG B-VP
+nonperforming JJ B-NP
+assets NNS I-NP
+, , B-PP
+and CC I-PP
+from IN B-PP
+high JJ B-NP
+loan-loss NN I-NP
+provisions NNS I-NP
+. . O
+
+Electronic JJ B-NP
+theft NN I-NP
+by IN B-PP
+foreign JJ B-NP
+and CC I-NP
+industrial JJ I-NP
+spies NNS I-NP
+and CC O
+disgruntled JJ B-NP
+employees NNS I-NP
+is VBZ B-VP
+costing VBG I-VP
+U.S. NNP B-NP
+companies NNS I-NP
+billions NNS B-NP
+and CC O
+eroding VBG B-VP
+their PRP$ B-NP
+international JJ I-NP
+competitive JJ I-NP
+advantage NN I-NP
+. . O
+
+That DT B-NP
+was VBD B-VP
+the DT B-NP
+message NN I-NP
+delivered VBN B-VP
+by IN B-PP
+government NN B-NP
+and CC I-NP
+private JJ I-NP
+security NN I-NP
+experts NNS I-NP
+at IN B-PP
+an DT B-NP
+all-day JJ I-NP
+conference NN I-NP
+on IN B-PP
+corporate JJ B-NP
+electronic JJ I-NP
+espionage NN I-NP
+. . O
+
+`` `` O
+Hostile JJ B-NP
+and CC I-NP
+even RB I-NP
+friendly JJ I-NP
+nations NNS I-NP
+routinely RB B-ADVP
+steal VBP B-VP
+information NN B-NP
+from IN B-PP
+U.S. NNP B-NP
+companies NNS I-NP
+and CC O
+share NN B-VP
+it PRP B-NP
+with IN B-PP
+their PRP$ B-NP
+own JJ I-NP
+companies NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Noel NNP B-NP
+D. NNP I-NP
+Matchett NNP I-NP
+, , O
+a DT B-NP
+former JJ I-NP
+staffer NN I-NP
+at IN B-PP
+the DT B-NP
+federal JJ I-NP
+National NNP I-NP
+Security NNP I-NP
+Agency NNP I-NP
+and CC O
+now JJ B-ADVP
+president NN B-NP
+of IN B-PP
+Information NNP B-NP
+Security NNP I-NP
+Inc. NNP I-NP
+, , O
+Silver NNP B-NP
+Spring NNP I-NP
+, , O
+Md NNP B-NP
+. . O
+
+It PRP B-NP
+`` `` O
+may MD B-VP
+well RB I-VP
+be VB I-VP
+'' '' O
+that DT B-SBAR
+theft NN B-NP
+of IN B-PP
+business NN B-NP
+data NNS I-NP
+is VBZ B-VP
+`` `` O
+as IN B-NP
+serious JJ I-NP
+a DT I-NP
+strategic JJ I-NP
+threat NN I-NP
+to TO B-PP
+national JJ B-NP
+security NN I-NP
+'' '' O
+as IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+a DT B-NP
+threat NN I-NP
+to TO B-PP
+the DT B-NP
+survival NN I-NP
+of IN B-PP
+victimized VBN B-NP
+U.S. NNP I-NP
+firms NNS I-NP
+, , O
+said VBD B-VP
+Michelle NNP B-NP
+Van NNP I-NP
+Cleave NNP I-NP
+, , O
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+'s POS B-NP
+assistant NN I-NP
+director NN I-NP
+for IN B-PP
+National NNP B-NP
+Security NNP I-NP
+Affairs NNP I-NP
+. . O
+
+The DT B-NP
+conference NN I-NP
+was VBD B-VP
+jointly RB I-VP
+sponsored VBN I-VP
+by IN B-PP
+the DT O
+New NNP O
+York NNP O
+Institute NNP O
+of IN B-PP
+Technology NNP B-NP
+School NNP B-NP
+of IN B-PP
+Management NNP B-NP
+and CC O
+the DT B-NP
+Armed NNP I-NP
+Forces NNPS I-NP
+Communications NNPS I-NP
+and CC I-NP
+Electronics NNP I-NP
+Association NNP I-NP
+, , O
+a DT B-NP
+joint JJ I-NP
+industry-government JJ I-NP
+trade NN I-NP
+group NN I-NP
+. . O
+
+Any DT B-NP
+secret NN I-NP
+can MD B-VP
+be VB I-VP
+pirated VBN I-VP
+, , O
+the DT B-NP
+experts NNS I-NP
+said VBD B-VP
+, , O
+if IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+transmitted VBN I-VP
+over IN B-PP
+the DT B-NP
+air NN I-NP
+. . O
+
+Even JJ B-NP
+rank NN I-NP
+amateurs NNS I-NP
+can MD B-VP
+do VB I-VP
+it PRP B-NP
+if IN B-SBAR
+they PRP B-NP
+spend VBP B-VP
+a DT B-NP
+few JJ I-NP
+thousand CD I-NP
+dollars NNS I-NP
+for IN B-PP
+a DT B-NP
+commercially RB I-NP
+available JJ I-NP
+microwave NN I-NP
+receiver NN I-NP
+with IN B-PP
+amplifier NN B-NP
+and CC O
+a DT B-NP
+VCR NNP I-NP
+recorder NN I-NP
+. . O
+
+They PRP B-NP
+need VBP B-VP
+only JJ I-VP
+position NN I-VP
+themselves PRP B-NP
+near IN B-PP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+satellite NN I-NP
+dish NN I-NP
+and CC O
+wait VB B-VP
+. . O
+
+`` `` O
+You PRP B-NP
+can MD B-VP
+have VB I-VP
+a DT B-NP
+dozen NN I-NP
+competitors NNS I-NP
+stealing VBG B-VP
+your PRP$ B-NP
+secrets NNS I-NP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Matchett NNP I-NP
+said VBD B-VP
+, , O
+adding VBG B-VP
+: : O
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+pretty RB I-NP
+good JJ I-NP
+bet NN I-NP
+they PRP B-NP
+wo MD B-VP
+n't RB I-VP
+get VB I-VP
+caught VBN I-VP
+. . O
+'' '' O
+
+The DT B-NP
+only JJ I-NP
+way NN I-NP
+to TO B-VP
+catch VB I-VP
+an DT B-NP
+electronic JJ I-NP
+thief NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+is VBZ B-VP
+to TO B-VP
+set VB I-VP
+him PRP B-NP
+up IN B-PRT
+with IN B-PP
+erroneous JJ B-NP
+information NN I-NP
+. . O
+
+Even RB B-SBAR
+though IN I-SBAR
+electronic JJ B-NP
+espionage NN I-NP
+may MD B-VP
+cost VB I-VP
+U.S. NNP B-NP
+firms NNS I-NP
+billions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+a DT B-NP
+year NN I-NP
+, , O
+most RBS B-NP
+are VBP B-VP
+n't RB I-VP
+yet RB I-VP
+taking VBG I-VP
+precautions NNS B-NP
+, , O
+the DT B-NP
+experts NNS I-NP
+said VBD B-VP
+. . O
+
+By IN B-PP
+contrast NN B-NP
+, , O
+European JJ B-NP
+firms NNS I-NP
+will MD B-VP
+spend VB I-VP
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+this DT B-NP
+year NN I-NP
+on IN B-PP
+electronic JJ B-NP
+security NN I-NP
+, , O
+and CC O
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+spend VB I-VP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+by IN B-PP
+1992 CD B-NP
+. . O
+
+Already RB B-ADVP
+many JJ B-NP
+foreign JJ I-NP
+firms NNS I-NP
+, , O
+especially RB B-ADVP
+banks VBZ B-NP
+, , O
+have VBP B-VP
+their PRP$ B-NP
+own JJ I-NP
+cryptographers NNS I-NP
+, , O
+conference NN B-NP
+speakers NNS I-NP
+reported VBD B-VP
+. . O
+
+Still RB B-ADVP
+, , O
+encrypting VBG B-VP
+corporate JJ B-NP
+communications NNS I-NP
+is VBZ B-VP
+only RB B-ADVP
+a DT B-NP
+partial JJ I-NP
+remedy NN I-NP
+. . O
+
+One CD B-NP
+expert NN I-NP
+, , O
+whose WP$ B-NP
+job NN I-NP
+is VBZ B-VP
+so RB B-ADJP
+politically RB I-ADJP
+sensitive JJ I-ADJP
+that IN B-SBAR
+he PRP B-NP
+spoke VBD B-VP
+on IN B-PP
+condition NN B-NP
+that IN B-SBAR
+he PRP B-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+named VBN I-VP
+or CC I-VP
+quoted VBN I-VP
+, , O
+said VBD B-VP
+the DT B-NP
+expected VBN I-NP
+influx NN I-NP
+of IN B-PP
+East NNP B-NP
+European JJ I-NP
+refugees NNS I-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+years NNS I-NP
+will MD B-VP
+greatly RB I-VP
+increase VB I-VP
+the DT B-NP
+chances NNS I-NP
+of IN B-PP
+computer-maintenance NN B-NP
+workers NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+doubling VBG B-VP
+as IN B-PP
+foreign JJ B-NP
+spies NNS I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+technology NN B-NP
+now RB B-ADVP
+exists VBZ B-VP
+for IN B-PP
+stealing VBG B-VP
+corporate JJ B-NP
+secrets NNS I-NP
+after IN B-SBAR
+they PRP B-NP
+'ve VBP B-VP
+been VBN I-VP
+`` `` I-VP
+erased VBN I-VP
+'' '' O
+from IN B-PP
+a DT B-NP
+computer NN I-NP
+'s POS B-NP
+memory NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+that IN B-SBAR
+Oliver NNP B-NP
+North NNP I-NP
+of IN B-PP
+Iran-Contra NNP B-NP
+notoriety NN I-NP
+thought VBD B-VP
+he PRP B-NP
+had VBD B-VP
+erased VBN I-VP
+his PRP$ B-NP
+computer NN I-NP
+but CC O
+that IN B-SBAR
+the DT B-NP
+information NN I-NP
+was VBD B-VP
+later RB I-VP
+retrieved VBN I-VP
+for IN B-SBAR
+congressional JJ B-NP
+committees NNS I-NP
+to TO B-VP
+read VB I-VP
+. . O
+
+No DT B-NP
+personal JJ I-NP
+computer NN I-NP
+, , O
+not RB B-ADVP
+even RB I-ADVP
+the DT B-NP
+one CD I-NP
+on IN B-PP
+a DT B-NP
+chief JJ I-NP
+executive NN I-NP
+'s POS B-NP
+desk NN I-NP
+, , O
+is VBZ B-VP
+safe JJ B-ADJP
+, , O
+this DT B-NP
+speaker NN I-NP
+noted VBD B-VP
+. . O
+
+W. NNP B-NP
+Mark NNP I-NP
+Goode NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Micronyx NNP B-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Richardson NNP I-NP
+, , I-NP
+Texas NNP I-NP
+, , I-NP
+firm NN I-NP
+that WDT B-NP
+makes VBZ B-VP
+computer-security JJ B-NP
+products NNS I-NP
+, , O
+provided VBD B-VP
+a DT B-NP
+new JJ I-NP
+definition NN I-NP
+for IN B-PP
+Mikhail NNP B-NP
+Gorbachev NNP I-NP
+'s POS B-NP
+campaign NN I-NP
+for IN B-PP
+greater JJR B-NP
+openness NN I-NP
+, , O
+known VBN B-VP
+commonly RB B-ADVP
+as IN B-PP
+glasnost FW B-NP
+. . O
+
+Under IN B-PP
+Mr. NNP B-NP
+Gorbachev NNP I-NP
+, , O
+Mr. NNP B-NP
+Goode NNP I-NP
+said VBD B-VP
+, , O
+the DT B-NP
+Soviets NNPS I-NP
+are VBP B-VP
+openly RB I-VP
+stealing VBG I-VP
+Western JJ B-NP
+corporate JJ I-NP
+communications NNS I-NP
+. . O
+
+He PRP B-NP
+cited VBD B-VP
+the DT B-NP
+case NN I-NP
+of IN B-PP
+a DT B-NP
+Swiss JJ I-NP
+oil NN I-NP
+trader NN I-NP
+who WP B-NP
+recently RB B-ADVP
+put VB B-VP
+out RP B-PRT
+bids NNS B-NP
+via IN B-PP
+telex NN B-NP
+for IN B-PP
+an DT B-NP
+oil NN I-NP
+tanker NN I-NP
+to TO B-VP
+pick VB I-VP
+up IN B-PRT
+a DT B-NP
+cargo NN I-NP
+of IN B-PP
+crude NN B-NP
+in IN B-PP
+the DT B-NP
+Middle NNP I-NP
+East NNP I-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+responses NNS I-NP
+the DT B-NP
+Swiss JJ I-NP
+trader NN I-NP
+got VBD B-VP
+was VBD B-VP
+one CD B-NP
+from IN B-PP
+the DT B-NP
+Soviet JJ I-NP
+national JJ I-NP
+shipping NN I-NP
+company NN I-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+n't RB I-VP
+been VBN I-VP
+invited VBN I-VP
+to TO B-VP
+submit VB I-VP
+a DT B-NP
+bid NN I-NP
+. . O
+
+The DT B-NP
+Soviets NNPS I-NP
+' POS B-NP
+eavesdropping NN I-NP
+paid VBN B-VP
+off IN B-PRT
+, , O
+however RB B-ADVP
+, , O
+because IN B-SBAR
+they PRP B-NP
+got VBD B-VP
+the DT B-NP
+contract NN I-NP
+. . O
+
+The DT B-NP
+University NNP I-NP
+of IN B-PP
+Toronto NNP B-NP
+stepped VBD B-VP
+deeper JJR B-ADVP
+into IN B-PP
+the DT B-NP
+contest NN I-NP
+for IN B-PP
+Connaught NNP B-NP
+BioSciences NNP I-NP
+Inc. NNP I-NP
+by IN B-PP
+reaching VBG B-VP
+an DT B-NP
+unusual JJ I-NP
+agreement NN I-NP
+with IN B-PP
+Ciba-Geigy NNP B-NP
+Ltd. NNP I-NP
+and CC O
+Chiron NNP B-NP
+Corp NNP I-NP
+. . O
+
+The DT B-NP
+University NNP I-NP
+said VBD B-VP
+the DT B-NP
+two CD I-NP
+companies NNS I-NP
+agreed VBD B-VP
+to TO I-VP
+spend VB I-VP
+25 CD B-NP
+million CD I-NP
+Canadian JJ I-NP
+dollars NNS I-NP
+-LRB- ( O
+$ $ B-NP
+21.3 CD I-NP
+million CD I-NP
+-RRB- ) O
+over IN B-PP
+10 CD B-NP
+years NNS I-NP
+on IN B-PP
+research NN B-NP
+at IN B-PP
+Canadian JJ B-NP
+universities NNS I-NP
+if IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+successful JJ B-ADJP
+in IN B-PP
+acquiring VBG B-VP
+the DT B-NP
+vaccine NN I-NP
+maker NN I-NP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+$ $ B-NP
+10 CD I-NP
+million CD I-NP
+would MD B-VP
+go VB I-VP
+to TO B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+Toronto NNP B-NP
+. . O
+
+Ciba-Geigy NNP B-NP
+and CC O
+Chiron NNP B-NP
+have VBP B-VP
+made VBN I-VP
+a DT B-NP
+joint JJ I-NP
+bid NN I-NP
+of IN B-PP
+C$ $ B-NP
+866 CD I-NP
+million CD I-NP
+for IN B-PP
+Connaught NNP B-NP
+, , O
+and CC O
+Institut NNP B-NP
+Merieux NNP I-NP
+S.A. NNP I-NP
+of IN B-PP
+France NNP B-NP
+has VBZ B-VP
+made VBN I-VP
+a DT B-NP
+rival JJ I-NP
+bid NN I-NP
+of IN B-PP
+C$ $ B-NP
+942 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+University NNP I-NP
+is VBZ B-VP
+seeking VBG I-VP
+an DT B-NP
+injunction NN I-NP
+against IN B-PP
+the DT B-NP
+Merieux NNP I-NP
+bid NN I-NP
+, , O
+arguing VBG B-VP
+that IN B-SBAR
+Connaught NNP B-NP
+'s POS B-NP
+predecessor NN I-NP
+company NN I-NP
+agreed VBD B-VP
+in IN B-PP
+1972 CD B-NP
+that IN B-SBAR
+Connaught NNP B-NP
+'s POS B-NP
+ownership NN I-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+transferred VBN I-VP
+to TO B-PP
+foreigners NNS B-NP
+. . O
+
+The DT B-NP
+university NN I-NP
+implied VBN B-VP
+that IN B-SBAR
+it PRP B-NP
+would MD B-VP
+drop VB I-VP
+its PRP$ B-NP
+opposition NN I-NP
+to TO B-PP
+foreign JJ B-NP
+ownership NN I-NP
+if IN B-SBAR
+Ciba-Geigy NNP B-NP
+and CC O
+Chiron NNP B-NP
+are VBP B-VP
+successful JJ B-ADJP
+with IN B-PP
+their PRP$ B-NP
+lower JJR I-NP
+bid NN I-NP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+the DT B-NP
+new JJ I-NP
+agreement NN I-NP
+would MD B-VP
+`` `` I-VP
+replace VB I-VP
+'' '' O
+the DT B-NP
+old JJ I-NP
+one CD I-NP
+that IN B-NP
+forms VBZ B-VP
+the DT B-NP
+basis NN I-NP
+of IN B-PP
+its PRP$ B-NP
+suit NN I-NP
+against IN B-PP
+the DT B-NP
+Merieux NNP I-NP
+takeover NN I-NP
+. . O
+
+`` `` O
+Notwithstanding IN B-PP
+foreign JJ B-NP
+ownership NN I-NP
+of IN B-PP
+Connaught NNP B-NP
+, , O
+this DT B-NP
+accord NN I-NP
+would MD B-VP
+enhance VB I-VP
+research NN B-NP
+and CC I-NP
+development NN I-NP
+in IN B-PP
+Canada NNP B-NP
+, , O
+'' '' O
+said VBD B-VP
+James NNP B-NP
+Keffer NNP I-NP
+, , O
+the DT B-NP
+university NN I-NP
+'s POS B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+research NN B-NP
+. . O
+
+Ciba-Geigy NNP B-NP
+is VBZ B-VP
+a DT B-NP
+Swiss JJ I-NP
+pharmaceutical JJ I-NP
+company NN I-NP
+and CC O
+Chiron NNP B-NP
+is VBZ B-VP
+based VBN I-VP
+in IN B-PP
+Emeryville NNP B-NP
+, , O
+Calif NNP B-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+statement NN I-NP
+, , O
+Jacques-Francois NNP B-NP
+Martin NNP I-NP
+, , O
+director NN B-NP
+general NN I-NP
+of IN B-PP
+Merieux NNP B-NP
+, , O
+said VBD B-VP
+the DT B-NP
+French JJ I-NP
+company NN I-NP
+is VBZ B-VP
+still RB B-ADVP
+determined VBN B-ADJP
+to TO B-VP
+acquire VB I-VP
+Connaught NNP B-NP
+. . O
+
+While IN B-SBAR
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+comment VB I-VP
+directly RB B-ADVP
+on IN B-PP
+the DT B-NP
+pact NN I-NP
+between IN B-PP
+Ciba-Geigy NNP B-NP
+and CC O
+the DT B-NP
+university NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+Merieux NNP B-NP
+can MD B-VP
+transfer VB I-VP
+new JJ B-NP
+products NNS I-NP
+and CC I-NP
+technologies NNS I-NP
+to TO B-PP
+Connaught NNP B-NP
+more RBR B-ADVP
+rapidly RB I-ADVP
+than IN B-PP
+other JJ B-NP
+companies NNS I-NP
+`` `` O
+not RB B-VP
+currently RB I-VP
+producing VBG I-VP
+and CC I-VP
+marketing NN I-VP
+vaccines NNS B-NP
+-LCB- ( O
+who WP B-NP
+-RCB- ) O
+can MD B-VP
+only RB I-VP
+promise VB I-VP
+this DT B-NP
+for IN B-PP
+some DT B-NP
+... : I-NP
+years NNS I-NP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+Connaught NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+28.625 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.25 CD I-NP
+. . O
+
+Microsoft NNP B-NP
+and CC O
+other JJ B-NP
+software NN I-NP
+stocks NNS I-NP
+surged VBD B-VP
+, , O
+leading VBG B-VP
+the DT B-NP
+Nasdaq NNP I-NP
+composite JJ I-NP
+index NN I-NP
+of IN B-PP
+over-the-counter JJ B-NP
+stocks NNS I-NP
+to TO B-PP
+its PRP$ B-NP
+biggest JJS I-NP
+advance NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+on IN B-PP
+breathtaking JJ B-NP
+volume NN I-NP
+. . O
+
+Leading VBG B-VP
+the DT B-NP
+pack NN I-NP
+, , O
+Microsoft NNP B-NP
+soared VBD B-VP
+3 CD B-NP
+3\/4 CD I-NP
+, , O
+or CC O
+4 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+a DT B-NP
+record NN I-NP
+price NN I-NP
+of IN B-PP
+84 CD B-NP
+1\/4 CD I-NP
+on IN B-PP
+1.2 CD B-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+Valley NNP B-NP
+National NNP I-NP
+tumbled VBD B-VP
+24 CD B-NP
+% NN I-NP
+after IN B-PP
+reporting VBG B-VP
+a DT B-NP
+sizable JJ I-NP
+third-quarter JJ I-NP
+loss NN I-NP
+. . O
+
+The DT B-NP
+Nasdaq NNP I-NP
+composite NN I-NP
+leaped VBD B-VP
+7.52 CD B-NP
+points NNS I-NP
+, , O
+or CC O
+1.6 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+470.80 CD B-NP
+. . O
+
+Its PRP$ B-NP
+largest JJS I-NP
+previous JJ I-NP
+rise NN I-NP
+this DT B-NP
+year NN I-NP
+came VBD B-VP
+Aug. NNP B-NP
+7 CD I-NP
+, , O
+when WRB B-ADVP
+it PRP B-NP
+gained VBD B-VP
+4.31 CD B-NP
+. . O
+
+The DT B-NP
+OTC NNP I-NP
+market NN I-NP
+'s POS B-NP
+largest JJS I-NP
+stocks NNS I-NP
+soared VBD B-VP
+as IN B-ADVP
+well RB I-ADVP
+, , O
+as IN B-SBAR
+the DT B-NP
+Nasdaq NNP I-NP
+100 CD I-NP
+Index NNP B-NP
+jumped VBD B-VP
+10.01 CD B-NP
+, , O
+or CC O
+2 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+463.06 CD B-NP
+. . O
+
+The DT B-NP
+Nasdaq NNP I-NP
+Financial NNP I-NP
+Index NNP I-NP
+rose VBD B-VP
+5.04 CD B-NP
+, , O
+or CC O
+1.1 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+460.33 CD B-NP
+. . O
+
+By IN B-PP
+comparison NN B-NP
+, , O
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrials NNP I-NP
+and CC O
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+Composite NNP I-NP
+each DT B-NP
+rose VBD B-VP
+1.5 CD B-NP
+% NN I-NP
+. . O
+
+Volume NN B-NP
+totaled VBD B-VP
+173.5 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+30 CD B-NP
+% NN I-NP
+above IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+average JJ I-NP
+daily JJ I-NP
+turnover NN I-NP
+on IN B-PP
+Nasdaq NNP B-NP
+. . O
+
+Among IN B-PP
+broader JJR B-NP
+Nasdaq NNP I-NP
+industry NN I-NP
+groups NNS I-NP
+, , O
+the DT B-NP
+utility NN I-NP
+index NN I-NP
+gained VBD B-VP
+18.11 CD B-NP
+to TO B-PP
+761.38 CD B-NP
+. . O
+
+The DT B-NP
+transportation NN I-NP
+and CC I-NP
+insurance NN I-NP
+sectors NNS I-NP
+each DT B-NP
+posted VBD B-VP
+gains NNS B-NP
+of IN B-PP
+8.59 CD B-NP
+, , O
+with IN B-PP
+the DT B-NP
+transports NNS I-NP
+finishing VBG B-VP
+at IN B-PP
+486.74 CD B-NP
+and CC O
+the DT B-NP
+insurers NNS I-NP
+at IN B-PP
+537.91 CD B-NP
+. . O
+
+The DT B-NP
+Nasdaq NNP I-NP
+industrial JJ I-NP
+index NN I-NP
+climbed VBD B-VP
+8.17 CD B-NP
+to TO B-PP
+458.52 CD B-NP
+, , O
+and CC O
+the DT B-NP
+`` `` I-NP
+other JJ I-NP
+finance NN I-NP
+'' '' I-NP
+index NN I-NP
+, , O
+made VBN B-VP
+up IN B-PRT
+of IN B-PP
+commercial JJ B-NP
+banks NNS I-NP
+and CC O
+real JJ B-NP
+estate NN I-NP
+and CC I-NP
+brokerage NN I-NP
+firms NNS I-NP
+, , O
+rose VBD B-VP
+3.97 CD B-NP
+to TO B-PP
+545.96 CD B-NP
+. . O
+
+The DT B-NP
+index NN I-NP
+of IN B-PP
+smaller JJR B-NP
+banks NNS I-NP
+improved VBN B-VP
+1.97 CD B-NP
+. . O
+
+Of IN B-PP
+the DT B-NP
+4,346 CD I-NP
+issues NNS I-NP
+that WDT B-NP
+changed VBD B-VP
+hands NNS B-NP
+, , O
+1,435 CD B-NP
+rose VBD B-VP
+and CC O
+629 CD B-NP
+fell VBD B-VP
+. . O
+
+Jeremiah NNP B-NP
+Mullins NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+OTC NNP B-NP
+trading NN I-NP
+at IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+Reynolds NNP I-NP
+, , O
+said VBD B-VP
+both DT B-NP
+institutional JJ I-NP
+and CC I-NP
+retail JJ I-NP
+investors NNS I-NP
+were VBD B-VP
+buying VBG I-VP
+. . O
+
+But CC O
+there EX B-NP
+was VBD B-VP
+a DT B-NP
+dearth NN I-NP
+of IN B-PP
+sellers NNS B-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+, , O
+so RB O
+buyers NNS B-NP
+had VBD B-VP
+to TO I-VP
+bid VB I-VP
+prices NNS B-NP
+up VB B-ADVP
+to TO B-VP
+entice VB I-VP
+them PRP B-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+no DT B-NP
+pressure NN I-NP
+on IN B-PP
+OTC NNP B-NP
+stocks NNS I-NP
+at IN B-PP
+this DT B-NP
+point NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Mullins NNP I-NP
+, , O
+who WP B-NP
+said VBD B-VP
+some DT B-NP
+buyers NNS I-NP
+are VBP B-VP
+beginning VBG I-VP
+to TO I-VP
+shop VB I-VP
+among IN B-PP
+smaller JJR B-NP
+OTC NNP I-NP
+issues NNS I-NP
+. . O
+
+Microsoft NNP B-NP
+'s POS B-NP
+surge NN I-NP
+followed VBD B-VP
+a DT B-NP
+report NN I-NP
+this DT B-NP
+week NN I-NP
+of IN B-PP
+substantially RB B-NP
+improved VBN I-NP
+earnings NNS I-NP
+for IN B-PP
+its PRP$ B-NP
+first JJ I-NP
+quarter NN I-NP
+, , O
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+The DT B-NP
+stock NN I-NP
+was VBD B-VP
+trading VBG I-VP
+at IN B-PP
+69 CD B-NP
+just RB B-NP
+two CD I-NP
+weeks NNS I-NP
+ago RB B-ADVP
+. . O
+
+Rick NNP B-NP
+Sherlund NNP I-NP
+, , O
+a DT B-NP
+Goldman NNP I-NP
+Sachs NNP I-NP
+analyst NN I-NP
+, , O
+has VBZ B-VP
+raised VBN I-VP
+his PRP$ B-NP
+earnings NNS I-NP
+estimates NNS B-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+twice RB B-ADVP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+two CD I-NP
+weeks NNS I-NP
+, , O
+citing VBG B-VP
+improved VBN B-NP
+margins NNS I-NP
+. . O
+
+After IN B-SBAR
+the DT B-NP
+earnings NNS I-NP
+were VBD B-VP
+announced VBN I-VP
+, , O
+he PRP B-NP
+raised VBD B-VP
+his PRP$ B-NP
+fiscal JJ I-NP
+1990 CD I-NP
+estimate NN I-NP
+to TO B-PP
+between IN B-NP
+$ $ I-NP
+3.80 CD I-NP
+and CC I-NP
+$ $ I-NP
+4 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Microsoft NNP B-NP
+earned VBD B-VP
+$ $ B-NP
+3.03 CD I-NP
+a DT B-NP
+share NN I-NP
+in IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+software NN I-NP
+issues NNS I-NP
+, , O
+Autodesk NNP B-NP
+jumped VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+42 CD B-NP
+, , O
+Lotus NNP B-NP
+Development NNP I-NP
+was VBD B-VP
+unchanged JJ B-ADJP
+at IN B-PP
+32 CD B-NP
+1\/2 CD I-NP
+, , O
+Novell NNP B-NP
+jumped VBD B-VP
+7\/8 CD B-NP
+to TO B-PP
+30 CD B-NP
+3\/4 CD I-NP
+, , O
+Ashton-Tate NNP B-NP
+gained VBD B-VP
+1\/4 CD B-NP
+to TO B-PP
+10 CD B-NP
+5\/8 CD I-NP
+, , O
+and CC O
+Oracle NNP B-NP
+Systems NNP I-NP
+rose VBD B-VP
+3\/4 CD B-NP
+to TO B-PP
+25 CD B-NP
+3\/4 CD I-NP
+. . O
+
+Caere NNP B-NP
+, , O
+a DT B-NP
+new JJ I-NP
+software NN I-NP
+issue NN I-NP
+, , O
+surged VBD B-VP
+from IN B-PP
+its PRP$ B-NP
+offering NN I-NP
+price NN I-NP
+of IN B-PP
+12 CD B-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+16 CD B-NP
+1\/8 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+makes VBZ B-VP
+optical JJ B-NP
+character NN I-NP
+recognition NN I-NP
+equipment NN I-NP
+. . O
+
+Caere NNP B-NP
+was VBD B-VP
+underwritten VBN I-VP
+by IN B-PP
+Alex NNP B-NP
+. . I-NP
+Brown NNP I-NP
+& CC I-NP
+Sons NNP I-NP
+. . O
+
+Another DT B-NP
+recently RB I-NP
+offered VBN I-NP
+Alex NNP I-NP
+. . I-NP
+Brown NNP I-NP
+issue NN I-NP
+, , O
+Rally NNP B-NP
+'s POS B-NP
+, , O
+surged VBD B-VP
+3 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+23 CD B-NP
+. . O
+
+The DT B-NP
+operator NN I-NP
+of IN B-PP
+fast-food NN B-NP
+restaurants NNS I-NP
+, , O
+whose WP$ B-NP
+shares NNS I-NP
+began VBD B-VP
+trading NN I-VP
+last JJ B-NP
+Friday NNP I-NP
+, , O
+climbed VBD B-VP
+3 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+23 CD B-NP
+on IN B-PP
+944,000 CD B-NP
+shares NNS I-NP
+. . O
+
+Its PRP$ B-NP
+1.7 CD I-NP
+million-share JJ I-NP
+offering NN I-NP
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+15 CD B-NP
+. . O
+
+Valley NNP B-NP
+National NNP I-NP
+'s POS B-NP
+slide NN I-NP
+of IN B-PP
+5 NN B-NP
+3\/4 CD I-NP
+points NNS I-NP
+to TO B-PP
+18 CD B-NP
+1\/2 CD I-NP
+on IN B-PP
+4.2 CD B-NP
+million CD I-NP
+shares NNS I-NP
+followed VBD B-VP
+its PRP$ B-NP
+report NN I-NP
+late JJ B-NP
+Wednesday NNP I-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+72.2 CD I-NP
+million CD I-NP
+third-quarter JJ I-NP
+loss NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+1988 CD I-NP
+quarter NN I-NP
+, , O
+the DT B-NP
+Phoenix NNP I-NP
+, , I-NP
+Ariz. NNP I-NP
+, , I-NP
+commercial JJ I-NP
+banking NN I-NP
+concern NN I-NP
+earned VBD B-VP
+$ $ B-NP
+18.7 CD I-NP
+million CD I-NP
+. . O
+
+Valley NNP B-NP
+National NNP I-NP
+said VBD B-VP
+its PRP$ O
+$ $ O
+110 CD O
+million CD O
+provision NN O
+for IN B-PP
+credit NN B-NP
+losses NNS I-NP
+and CC B-NP
+$ $ I-NP
+11 CD I-NP
+million CD I-NP
+provision NN I-NP
+for IN B-PP
+other JJ B-NP
+real JJ I-NP
+estate NN I-NP
+owned VBN B-VP
+is VBZ B-VP
+related VBN I-VP
+to TO B-PP
+weakness NN B-NP
+in IN B-PP
+the DT B-NP
+Arizona NNP I-NP
+real JJ I-NP
+estate NN I-NP
+market NN I-NP
+. . O
+
+Additionally RB B-ADVP
+, , O
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+said VBD B-VP
+it PRP B-NP
+downgraded VBD B-VP
+Valley NNP B-NP
+National NNP I-NP
+'s POS B-NP
+senior JJ I-NP
+debt NN I-NP
+and CC O
+confirmed VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+commercial JJ I-NP
+paper NN I-NP
+rating NN I-NP
+of IN B-PP
+`` `` O
+not RB B-ADJP
+prime JJ I-ADJP
+. . O
+'' '' O
+
+A DT B-NP
+new JJ I-NP
+issue NN I-NP
+, , O
+Exabyte NNP B-NP
+, , O
+surged VBD B-VP
+2 CD B-NP
+1\/8 CD I-NP
+from IN B-PP
+its PRP$ B-NP
+initial JJ I-NP
+offering NN I-NP
+price NN I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+12 CD B-NP
+1\/8 CD I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+was VBD B-VP
+for IN B-PP
+about IN B-NP
+2.8 CD I-NP
+million CD I-NP
+shares NNS I-NP
+of IN B-PP
+the DT B-NP
+data NNS I-NP
+storage NN I-NP
+equipment NN I-NP
+maker NN I-NP
+; : O
+more JJR B-NP
+than IN I-NP
+2.2 CD I-NP
+million CD I-NP
+shares NNS I-NP
+changed VBD B-VP
+hands NNS B-NP
+after IN B-SBAR
+trading NN B-NP
+began VBD B-VP
+. . O
+
+Dell NNP B-NP
+Computer NNP I-NP
+dropped VBD B-VP
+7\/8 CD B-NP
+to TO B-PP
+6 CD B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+earnings NNS B-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+ending VBG B-VP
+Jan. NNP B-NP
+28 CD I-NP
+, , I-NP
+1990 CD I-NP
+, , O
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+25 CD B-NP
+to TO I-NP
+35 CD I-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+a DT B-NP
+previous JJ I-NP
+estimate NN I-NP
+of IN B-PP
+50 CD B-NP
+to TO I-NP
+60 CD I-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Nutmeg NNP B-NP
+Industries NNPS I-NP
+lost VBD B-VP
+1 CD B-NP
+3\/4 CD I-NP
+to TO B-PP
+14 CD B-NP
+. . O
+
+Raymond NNP B-NP
+James NNP I-NP
+& CC I-NP
+Associates NNPS I-NP
+in IN B-PP
+St. NNP B-NP
+Petersburg NNP I-NP
+, , O
+Fla. NNP B-NP
+, , O
+lowered VBD B-VP
+its PRP$ B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+estimate NN B-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Dow NNP B-NP
+Jones NNP I-NP
+Professional NNP I-NP
+Investor NNP I-NP
+Report NNP I-NP
+. . O
+
+A.P. NNP B-NP
+Green NNP I-NP
+Industries NNPS I-NP
+advanced VBD B-VP
+1 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+36 CD B-NP
+1\/8 CD I-NP
+. . O
+
+East NNP B-NP
+Rock NNP I-NP
+Partners NNPS I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+indicated VBN I-VP
+it PRP B-NP
+might MD B-VP
+make VB I-VP
+a DT B-NP
+bid NN I-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+said VBD B-VP
+A.P. NNP B-NP
+Green NNP I-NP
+, , O
+a DT B-NP
+refractory JJ I-NP
+products NNS I-NP
+maker NN I-NP
+, , O
+told VBD B-VP
+the DT B-NP
+partnership NN I-NP
+it PRP B-NP
+is VBZ B-VP
+n't RB O
+for IN B-PP
+sale NN B-NP
+. . O
+
+Row NNP B-NP
+21 CD I-NP
+of IN B-PP
+Section NN B-NP
+9 CD I-NP
+of IN B-PP
+the DT B-NP
+Upper NNP I-NP
+Reserved NNP I-NP
+at IN B-PP
+Candlestick NNP B-NP
+Park NNP I-NP
+is VBZ B-VP
+a DT B-NP
+lofty JJ I-NP
+perch NN I-NP
+, , O
+only RB B-NP
+a DT I-NP
+few JJ I-NP
+steps NNS I-NP
+from IN B-PP
+the DT B-NP
+very JJ I-NP
+top NN I-NP
+of IN B-PP
+the DT B-NP
+stands NNS I-NP
+. . O
+
+From IN B-PP
+my PRP$ B-NP
+orange JJ I-NP
+seat NN I-NP
+, , O
+I PRP B-NP
+looked VBD B-VP
+over IN B-PP
+the DT B-NP
+first-base JJ I-NP
+line NN I-NP
+and CC O
+the DT B-NP
+new-mown JJ I-NP
+ball NN I-NP
+field NN I-NP
+in IN B-PP
+the DT B-NP
+warm JJ I-NP
+sun NN I-NP
+of IN B-PP
+the DT B-NP
+last JJ I-NP
+few JJ I-NP
+minutes NNS I-NP
+before IN B-PP
+what WP B-NP
+was VBD B-VP
+to TO I-VP
+have VB I-VP
+been VBN I-VP
+the DT B-NP
+third JJ I-NP
+game NN I-NP
+of IN B-PP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+five CD B-NP
+in IN B-PP
+the DT B-NP
+afternoon NN I-NP
+, , O
+but CC O
+that DT B-NP
+was VBD B-VP
+Pacific NNP B-NP
+time NN I-NP
+. . O
+
+Back RB B-ADVP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+the DT B-NP
+work NN I-NP
+day NN I-NP
+was VBD B-VP
+already RB B-ADVP
+over IN I-ADVP
+, , O
+so IN O
+I PRP B-NP
+did VBD B-VP
+n't RB I-VP
+have VB I-VP
+to TO I-VP
+feel VB I-VP
+guilty JJ B-ADJP
+. . O
+
+Even RB B-ADVP
+still RB I-ADVP
+, , O
+I PRP B-NP
+did VBD B-VP
+feel VB I-VP
+self-indulgent JJ B-ADJP
+, , O
+and CC O
+I PRP B-NP
+could MD B-VP
+n't RB I-VP
+help VB I-VP
+remembering VBG I-VP
+my PRP$ B-NP
+father NN I-NP
+'s POS B-NP
+contempt NN I-NP
+for IN B-PP
+a DT B-NP
+rich JJ I-NP
+medical JJ I-NP
+colleague NN I-NP
+who WP B-NP
+would MD B-VP
+go VB I-VP
+to TO I-VP
+watch VB I-VP
+the DT B-NP
+Tigers NNP I-NP
+on IN B-PP
+summer NN B-NP
+afternoons NNS I-NP
+. . O
+
+This DT B-NP
+ballpark NN I-NP
+, , O
+the DT B-NP
+Stick NNP I-NP
+, , O
+was VBD B-VP
+not RB O
+a DT B-NP
+classic JJ I-NP
+baseball NN I-NP
+stadium NN I-NP
+-- : O
+too RB B-ADJP
+symmetrical JJ I-ADJP
+, , O
+too RB B-NP
+much JJ I-NP
+bald JJ I-NP
+concrete NN I-NP
+. . O
+
+And CC O
+it PRP B-NP
+did VBD B-VP
+n't RB I-VP
+have VB I-VP
+the DT B-NP
+crowded VBN I-NP
+wild JJ I-NP
+intimacy NN I-NP
+of IN B-PP
+Yankee NNP B-NP
+Stadium NNP I-NP
+. . O
+
+But CC O
+I PRP B-NP
+liked VBD B-VP
+the DT B-NP
+easy JJ I-NP
+friendliness NN I-NP
+of IN B-PP
+the DT B-NP
+people NNS I-NP
+around IN B-PP
+me PRP B-NP
+, , O
+liked VBD B-VP
+it PRP B-NP
+that IN B-SBAR
+they PRP B-NP
+'d MD B-VP
+brought VBN I-VP
+their PRP$ B-NP
+children NNS I-NP
+, , O
+found VBD B-VP
+it PRP B-NP
+charming JJ B-ADJP
+that IN B-SBAR
+, , O
+true JJ B-NP
+citizens NNS I-NP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+of IN B-PP
+the DT B-NP
+future NN I-NP
+, , O
+they PRP B-NP
+had VBD B-VP
+brought VBN I-VP
+so RB B-NP
+many JJ I-NP
+TVs NNS I-NP
+and CC I-NP
+radios NNS I-NP
+to TO B-VP
+stay VB I-VP
+in IN B-PP
+touch NN B-NP
+with IN B-PP
+electroreality NN B-NP
+at IN B-PP
+a DT B-NP
+live JJ I-NP
+event NN I-NP
+. . O
+
+Maybe RB B-ADVP
+it PRP B-NP
+was VBD B-VP
+their PRP$ B-NP
+peculiar JJ I-NP
+sense NN I-NP
+of IN B-PP
+history NN B-NP
+. . O
+
+The DT B-NP
+broadcasters NNS I-NP
+were VBD B-VP
+, , O
+after IN B-PP
+all DT B-NP
+, , O
+documenting VBG B-VP
+the DT B-NP
+game NN I-NP
+, , O
+ratifying VBG B-VP
+its PRP$ B-NP
+occurrence NN I-NP
+for IN B-PP
+millions NNS B-NP
+outside IN B-PP
+the DT B-NP
+Stick NNP I-NP
+. . O
+
+Why WRB B-ADVP
+not RB O
+watch VB B-VP
+or CC I-VP
+hear VB I-VP
+your PRP$ B-NP
+experience NN I-NP
+historicized VBN B-VP
+while IN B-SBAR
+you PRP B-NP
+were VBD B-VP
+living VBG I-VP
+it PRP B-NP
+? . O
+
+The DT B-NP
+day NN I-NP
+was VBD B-VP
+saturated VBN I-VP
+with IN B-PP
+the DT B-NP
+weight NN I-NP
+of IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+impending JJ I-NP
+history NN I-NP
+. . O
+
+Long JJ B-NP
+lines NNS I-NP
+of IN B-PP
+people NNS B-NP
+waited VBD B-VP
+to TO I-VP
+buy VB I-VP
+special JJ B-NP
+souvenir NN I-NP
+World NNP I-NP
+Series NNP I-NP
+postcards NNS I-NP
+with IN B-PP
+official JJ B-NP
+postmarks NNS I-NP
+. . O
+
+Thousands NNS B-NP
+of IN B-PP
+us PRP B-NP
+had VBD B-VP
+paid VBN I-VP
+$ $ B-NP
+5 NN I-NP
+for IN B-PP
+the DT B-NP
+official JJ I-NP
+souvenir NN I-NP
+book NN I-NP
+with IN B-PP
+its PRP$ B-NP
+historical JJ I-NP
+essays NNS I-NP
+on IN B-PP
+Series NNP B-NP
+trivia NNS I-NP
+, , O
+its PRP$ B-NP
+historical JJ I-NP
+photographs NNS I-NP
+of IN B-PP
+great JJ B-NP
+moments NNS I-NP
+in IN B-PP
+Series NNP B-NP
+past JJ I-NP
+, , O
+and CC O
+its PRP$ B-NP
+instructions NNS I-NP
+, , O
+in IN B-PP
+English NNP B-NP
+and CC I-NP
+Spanish JJ I-NP
+, , O
+for IN B-PP
+filling VBG B-VP
+in IN B-PRT
+the DT B-NP
+scorecard NN I-NP
+. . O
+
+Pitcher NN B-NP
+= SYM B-VP
+lanzador FW B-NP
+. . O
+
+Homerun NN B-NP
+= SYM B-VP
+jonron FW B-NP
+. . O
+
+Players NNS B-NP
+ran VBD B-VP
+out IN B-ADVP
+on IN B-PP
+the DT B-NP
+field NN I-NP
+way NN B-ADVP
+below IN I-ADVP
+, , O
+and CC O
+the DT B-NP
+stands NNS I-NP
+began VBD B-VP
+to TO I-VP
+reverberate VB I-VP
+. . O
+
+It PRP B-NP
+must MD B-VP
+be VB I-VP
+a DT B-NP
+local JJ I-NP
+custom NN I-NP
+, , O
+I PRP B-NP
+thought VBD B-VP
+, , O
+stamping VBG B-VP
+feet NNS B-NP
+to TO B-VP
+welcome VB I-VP
+the DT B-NP
+team NN I-NP
+. . O
+
+But CC O
+then RB B-ADVP
+the DT B-NP
+noise NN I-NP
+turned VBD B-VP
+into IN B-PP
+a DT B-NP
+roar NN I-NP
+. . O
+
+And CC O
+no DT B-NP
+one CD I-NP
+was VBD B-VP
+shouting VBG I-VP
+. . O
+
+No DT B-NP
+one CD I-NP
+around IN B-PP
+me PRP B-NP
+was VBD B-VP
+saying VBG I-VP
+anything NN B-NP
+. . O
+
+Because IN B-SBAR
+we PRP B-NP
+all DT B-NP
+were VBD B-VP
+busy JJ B-ADJP
+riding VBG B-VP
+a DT B-NP
+wave NN I-NP
+. . O
+
+Sixty CD B-NP
+thousand CD I-NP
+surfers NNS I-NP
+atop IN B-PP
+a DT B-NP
+concrete JJ I-NP
+wall NN I-NP
+, , O
+waiting VBG B-VP
+for IN B-PP
+the DT B-NP
+wipeout NN I-NP
+. . O
+
+Only RB B-ADVP
+at IN B-PP
+the DT B-NP
+moment NN I-NP
+of IN B-PP
+maximum JJ B-NP
+roll NN I-NP
+did VBD O
+I PRP B-NP
+grasp VBP B-VP
+what WP B-NP
+was VBD B-VP
+going VBG I-VP
+on RB B-PRT
+. . O
+
+Then RB B-ADVP
+I PRP B-NP
+remembered VBD B-VP
+the DT B-NP
+quake NN I-NP
+of IN B-PP
+'71 CD B-NP
+, , O
+which WDT B-NP
+I PRP B-NP
+experienced VBD B-VP
+in IN B-PP
+Santa NNP B-NP
+Barbara NNP I-NP
+in IN B-PP
+a DT B-NP
+second-story JJ I-NP
+motel NN I-NP
+room NN I-NP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+swaying NN I-NP
+of IN B-PP
+the DT B-NP
+building NN I-NP
+woke VBD B-VP
+me PRP B-NP
+up IN B-PRT
+, , O
+I PRP B-NP
+reasoned VBD B-VP
+that IN B-SBAR
+a DT B-LST
+-RRB- ) O
+I PRP B-NP
+was VBD B-VP
+in IN B-PP
+Southern NNP B-NP
+California NNP I-NP
+; : O
+b NN B-LST
+-RRB- ) O
+the DT B-NP
+bed NN I-NP
+was VBD B-VP
+moving VBG I-VP
+; : O
+c NN B-LST
+-RRB- ) O
+it PRP B-NP
+must MD B-VP
+be VB I-VP
+a DT B-NP
+Magic NNP I-NP
+Fingers NNP I-NP
+bed NN I-NP
+that WDT B-NP
+had VBD B-VP
+short-circuited VBN I-VP
+. . O
+
+Then RB B-ADVP
+I PRP B-NP
+noticed VBD B-VP
+the DT B-NP
+overhead JJ I-NP
+light NN I-NP
+was VBD B-VP
+swaying VBG I-VP
+on IN B-PP
+its PRP$ B-NP
+cord NN I-NP
+and CC O
+realized VBD B-VP
+what WP B-NP
+had VBD B-VP
+happened VBN I-VP
+. . O
+
+What WP B-NP
+should MD O
+I PRP B-NP
+do VB B-VP
+? . O
+
+Get VB B-VP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+possibly RB I-NP
+collapsing VBG I-NP
+building NN I-NP
+to TO B-PP
+the DT B-NP
+parking NN I-NP
+lot NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+lot NN I-NP
+might MD B-VP
+split VB I-VP
+into IN B-PP
+crevasses NNS B-NP
+, , O
+so IN O
+I PRP B-NP
+had VBD B-VP
+better JJR I-VP
+stand VB I-VP
+on IN B-PP
+my PRP$ B-NP
+car NN I-NP
+, , O
+which WDT B-NP
+probably RB B-ADVP
+was VBD B-VP
+wider JJR B-ADJP
+than IN B-PP
+the DT B-NP
+average JJ I-NP
+crevasse NN I-NP
+. . O
+
+Fortunately RB B-ADVP
+, , O
+the DT B-NP
+quake NN I-NP
+was VBD B-VP
+over IN B-ADVP
+before IN B-SBAR
+I PRP B-NP
+managed VBD B-VP
+to TO I-VP
+run VB I-VP
+out IN B-ADVP
+and CC O
+stand NN B-VP
+naked JJ B-ADJP
+on IN B-PP
+the DT B-NP
+hood NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+Stick NNP I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+world NN I-NP
+shook VBD B-VP
+, , O
+I PRP B-NP
+thought VBD B-VP
+of IN B-PP
+that DT B-NP
+morning NN I-NP
+and CC O
+then RB B-ADVP
+it PRP B-NP
+struck VBD B-VP
+me PRP B-NP
+that IN B-SBAR
+this DT B-NP
+time NN I-NP
+was VBD B-VP
+different JJ B-ADJP
+. . O
+
+If IN B-SBAR
+I PRP B-NP
+survived VBD B-VP
+, , O
+I PRP B-NP
+would MD B-VP
+have VB I-VP
+achieved VBN I-VP
+every DT B-NP
+journalist NN I-NP
+'s POS B-NP
+highest JJS I-NP
+wish VBP I-NP
+. . O
+
+I PRP B-NP
+was VBD B-VP
+an DT B-NP
+eyewitness NN I-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+newsworthy JJ I-NP
+event NN I-NP
+on IN B-PP
+the DT B-NP
+planet NN I-NP
+at IN B-PP
+that DT B-NP
+moment NN I-NP
+. . O
+
+What WP B-NP
+was VBD B-VP
+my PRP$ B-NP
+angle NN I-NP
+? . O
+
+How WRB B-ADVP
+would MD O
+I PRP B-NP
+file VB B-VP
+? . O
+
+All DT B-NP
+these DT I-NP
+thoughts NNS I-NP
+raced VBD B-VP
+through IN B-PP
+my PRP$ B-NP
+head NN I-NP
+in IN B-PP
+the DT B-NP
+15 CD I-NP
+seconds NNS I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+'s POS B-NP
+actual JJ I-NP
+duration NN I-NP
+. . O
+
+The DT B-NP
+rest NN I-NP
+is VBZ B-VP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+history NN B-NP
+. . O
+
+The DT B-NP
+Stick NNP I-NP
+did VBD B-VP
+n't RB I-VP
+fall VB I-VP
+. . O
+
+The DT B-NP
+real JJ I-NP
+tragedies NNS I-NP
+occurred VBD B-VP
+elsewhere RB B-ADVP
+, , O
+as IN B-SBAR
+we PRP B-NP
+soon RB B-ADVP
+found VBD B-VP
+out RB B-PP
+. . O
+
+But CC O
+for IN B-PP
+a DT B-NP
+few JJ I-NP
+minutes NNS I-NP
+there EX B-ADVP
+, , O
+relief NN B-NP
+abounded VBD B-VP
+. . O
+
+A DT B-NP
+young JJ I-NP
+mother NN I-NP
+found VBD B-VP
+her PRP$ B-NP
+boy NN I-NP
+, , O
+who WP B-NP
+had VBD B-VP
+been VBN I-VP
+out IN B-ADVP
+buying VBG B-VP
+a DT B-NP
+hotdog NN I-NP
+. . O
+
+The DT B-NP
+wall NN I-NP
+behind IN B-PP
+me PRP B-NP
+was VBD B-VP
+slightly RB B-ADJP
+deformed JJ I-ADJP
+, , O
+but CC O
+the DT B-NP
+center NN I-NP
+had VBD B-VP
+held VBN I-VP
+. . O
+
+And CC O
+most RBS B-NP
+of IN B-PP
+us PRP B-NP
+waited VBD B-VP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+for IN B-SBAR
+the DT B-NP
+game NN I-NP
+to TO B-VP
+start VB I-VP
+. . O
+
+Then RB B-ADVP
+we PRP B-NP
+began VBD B-VP
+to TO I-VP
+file VB I-VP
+out IN B-ADVP
+, , O
+to TO B-VP
+wait VB I-VP
+safely RB B-ADVP
+on IN B-PP
+terra FW B-NP
+firma FW I-NP
+for IN B-PP
+the DT B-NP
+opening NN I-NP
+pitch NN I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+during IN B-PP
+the DT B-NP
+quiet JJ I-NP
+exodus NN I-NP
+down RP B-PP
+the DT B-NP
+pristine JJ I-NP
+concrete JJ I-NP
+ramps NNS I-NP
+of IN B-PP
+the DT B-NP
+Stick NNP I-NP
+that IN B-ADVP
+I PRP B-NP
+really RB B-ADVP
+understood VBD B-VP
+the DT B-NP
+point NN I-NP
+of IN B-PP
+all PDT B-NP
+those DT I-NP
+Walkmen NNP I-NP
+and CC I-NP
+Watchmen NNP I-NP
+. . O
+
+The DT B-NP
+crowd NN I-NP
+moved VBD B-VP
+in IN B-PP
+clumps NNS B-NP
+, , O
+clumps NNS B-NP
+magnetized VBN B-VP
+around IN B-PP
+an DT B-NP
+electronic JJ I-NP
+nucleus NN I-NP
+. . O
+
+In IN B-PP
+this DT B-NP
+way NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+Stick NNP I-NP
+itself PRP B-NP
+was VBD B-VP
+blacked VBN I-VP
+out IN B-PRT
+, , O
+we PRP B-NP
+kept VBD B-VP
+up VB B-PP
+to TO B-PP
+date VB B-NP
+on IN B-PP
+events NNS B-NP
+. . O
+
+Within IN B-PP
+15 CD B-NP
+minutes NNS I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+itself PRP B-NP
+, , O
+I PRP B-NP
+was VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+see VB I-VP
+pictures NNS B-NP
+of IN B-PP
+the DT B-NP
+collapsed VBN I-NP
+section NN I-NP
+of IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+. . O
+
+Increasingly RB B-NP
+accurate JJ I-NP
+estimates NNS I-NP
+of IN B-PP
+the DT B-NP
+severity NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+became VBD B-VP
+available JJ B-ADJP
+before IN B-SBAR
+I PRP B-NP
+got VBD B-VP
+to TO B-PP
+my PRP$ B-NP
+car NN I-NP
+. . O
+
+And CC O
+by IN B-PP
+then RB B-ADVP
+, , O
+expensive JJ B-NP
+automobile NN I-NP
+sound NN I-NP
+systems NNS I-NP
+were VBD B-VP
+keeping VBG I-VP
+the DT B-NP
+gridlocked VBN I-NP
+parking NN I-NP
+lot NN I-NP
+by IN B-PP
+the DT B-NP
+bay NN I-NP
+informed VBN B-ADJP
+about IN B-PP
+the DT B-NP
+fire NN I-NP
+causing VBG B-VP
+the DT B-NP
+big JJ I-NP
+black JJ I-NP
+plume NN I-NP
+of IN B-PP
+smoke NN B-NP
+we PRP B-NP
+saw VBD B-VP
+on IN B-PP
+the DT B-NP
+northern JJ I-NP
+horizon NN I-NP
+. . O
+
+Darkness NN B-NP
+fell VBD B-VP
+. . O
+
+But CC O
+the DT B-NP
+broadcasts NNS I-NP
+continued VBD B-VP
+through IN B-PP
+the DT B-NP
+blacked-out JJ I-NP
+night NN I-NP
+, , O
+with IN B-PP
+pictures NNS B-NP
+of IN B-PP
+the DT B-NP
+sandwiched VBN I-NP
+highway NN I-NP
+ganglion NN I-NP
+in IN B-PP
+Oakland NNP B-NP
+and CC O
+firefighting NN B-NP
+in IN B-PP
+the DT B-NP
+Marina NNP I-NP
+district NN I-NP
+. . O
+
+By IN B-PP
+then RB B-ADVP
+, , O
+our PRP$ B-NP
+little JJ I-NP
+sand NN I-NP
+village NN I-NP
+of IN B-PP
+cars NNS B-NP
+had VBD B-VP
+been VBN I-VP
+linked VBN I-VP
+with IN B-PP
+a DT B-NP
+global JJ I-NP
+village NN I-NP
+of IN B-PP
+listeners NNS B-NP
+and CC I-NP
+viewers NNS I-NP
+. . O
+
+Everyone NN B-NP
+at IN B-PP
+the DT B-NP
+Stick NNP I-NP
+that DT B-NP
+day NN I-NP
+had VBD B-VP
+started VBN I-VP
+out IN B-PRT
+as IN B-PP
+a DT B-NP
+spectator NN I-NP
+and CC O
+ended VBD B-VP
+up IN B-PRT
+as IN B-PP
+a DT B-NP
+participant NN I-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+the DT B-NP
+entire JJ I-NP
+population NN I-NP
+of IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+had VBD B-VP
+ended VBN I-VP
+up IN B-PRT
+with IN B-PP
+this DT B-NP
+dual JJ I-NP
+role NN I-NP
+of IN B-PP
+actor NN B-NP
+and CC I-NP
+audience NN I-NP
+. . O
+
+The DT B-NP
+reporters NNS I-NP
+were VBD B-VP
+victims NNS B-NP
+and CC O
+some DT B-NP
+of IN B-PP
+the DT B-NP
+victims NNS I-NP
+turned VBD B-VP
+into IN B-PP
+unofficial JJ B-NP
+reporters NNS I-NP
+. . O
+
+The DT B-NP
+outstanding JJ I-NP
+example NN I-NP
+of IN B-PP
+this DT B-NP
+was VBD B-VP
+the DT B-NP
+motorist NN I-NP
+on IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+who WP B-NP
+had VBD B-VP
+the DT B-NP
+presence NN I-NP
+of IN B-PP
+mind NN B-NP
+to TO B-VP
+take VB I-VP
+out RP B-PRT
+a DT B-NP
+video NN I-NP
+camera NN I-NP
+at IN B-PP
+the DT B-NP
+absolutely RB I-NP
+crucial JJ I-NP
+moment NN I-NP
+and CC O
+record VB B-VP
+the DT B-NP
+car NN I-NP
+in IN B-PP
+front NN B-NP
+as IN B-SBAR
+it PRP B-NP
+fell VBD B-VP
+into IN B-PP
+the DT B-NP
+gap NN I-NP
+in IN B-PP
+the DT B-NP
+roadway NN I-NP
+. . O
+
+The DT B-NP
+tape NN I-NP
+was VBD B-VP
+on IN B-PP
+tv NN B-NP
+before IN B-SBAR
+the DT B-NP
+night NN I-NP
+was VBD B-VP
+out RB B-ADVP
+. . O
+
+Marshall NNP B-NP
+McLuhan NNP I-NP
+, , O
+you PRP B-NP
+should MD B-VP
+have VB I-VP
+been VBN I-VP
+there RB B-ADVP
+at IN B-PP
+that DT B-NP
+hour NN I-NP
+. . O
+
+Investors NNS B-NP
+who WP B-NP
+received VBD B-VP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc. NNP I-NP
+'s POS B-NP
+latest JJS I-NP
+stock NN I-NP
+commentary NN I-NP
+may MD B-VP
+be VB I-VP
+left VBN I-VP
+with IN B-PP
+blank JJ B-NP
+expressions NNS I-NP
+. . O
+
+The DT B-NP
+first JJ I-NP
+10 CD I-NP
+pages NNS I-NP
+of IN B-PP
+the DT B-NP
+76-page NNP I-NP
+Weekly NNP I-NP
+Portfolio NNP I-NP
+Perspective NNP I-NP
+are VBP B-VP
+completely RB B-ADJP
+blank JJ I-ADJP
+, , O
+except IN B-PP
+for IN B-PP
+the DT B-NP
+page NN I-NP
+numbers NNS I-NP
+. . O
+
+Rather RB B-ADVP
+than IN B-PP
+printing NN B-NP
+devils NNS I-NP
+, , O
+Shearson NNP B-NP
+puts VBZ B-VP
+all PDT B-NP
+the DT I-NP
+blame NN I-NP
+on IN B-PP
+the DT B-NP
+unpredictable JJ I-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+The DT B-NP
+plunge NN I-NP
+made VBN B-VP
+Shearson NNP B-NP
+'s POS B-NP
+market NN I-NP
+commentary NN I-NP
+instantly RB B-ADVP
+out IN B-PP
+of IN B-PP
+date NN B-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+last JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+190.58-point JJ I-NP
+tumble NN I-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+caught VBD B-VP
+many JJ B-NP
+people NNS I-NP
+and CC I-NP
+businesses NNS I-NP
+by IN B-PP
+surprise NN B-NP
+, , O
+not RB B-NP
+the DT I-NP
+least JJS I-NP
+of IN B-PP
+them PRP B-NP
+brokerage NN B-NP
+firms NNS I-NP
+such JJ B-PP
+as IN I-PP
+Shearson NNP B-NP
+that DT B-NP
+print VB B-VP
+their PRP$ B-NP
+weekly JJ I-NP
+market NN I-NP
+commentaries NNS I-NP
+on IN B-PP
+Fridays NNPS B-NP
+for IN B-PP
+dissemination NN B-NP
+the DT B-NP
+following VBG I-NP
+week NN I-NP
+. . O
+
+Shearson NNP B-NP
+, , O
+a DT B-NP
+62%-owned JJ I-NP
+unit NN I-NP
+of IN B-PP
+American NNP B-NP
+Express NNP I-NP
+Co. NNP I-NP
+, , O
+did VBD B-VP
+n't RB I-VP
+have VB I-VP
+enough JJ B-NP
+time NN I-NP
+to TO B-VP
+update VB I-VP
+its PRP$ B-NP
+market NN I-NP
+commentary NN I-NP
+so RB O
+, , O
+`` `` O
+We PRP B-NP
+decided VBD B-VP
+to TO I-VP
+kill VB I-VP
+our PRP$ B-NP
+strategy NN I-NP
+pieces NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jack NNP B-NP
+Rivkin NNP I-NP
+, , O
+the DT B-NP
+head NN I-NP
+of IN B-PP
+Shearson NNP B-NP
+'s POS B-NP
+research NN I-NP
+department NN I-NP
+. . O
+
+The DT B-NP
+first JJ I-NP
+thought VBD I-NP
+some DT B-NP
+investors NNS I-NP
+had VBD B-VP
+was VBD B-VP
+that IN B-SBAR
+a DT B-NP
+red-faced JJ I-NP
+Shearson NNP I-NP
+must MD B-VP
+have VB I-VP
+been VBN I-VP
+wildly RB B-ADJP
+bullish JJ I-ADJP
+on IN B-PP
+stocks NNS B-NP
+in IN B-PP
+its PRP$ B-NP
+original JJ I-NP
+commentary NN I-NP
+, , O
+and CC O
+that DT B-NP
+'s VBZ B-VP
+why WRB B-ADVP
+it PRP B-NP
+purged VBD B-VP
+its PRP$ B-NP
+pages NNS I-NP
+. . O
+
+Investors NNS B-NP
+recalled VBD B-VP
+that IN B-SBAR
+Shearson NNP B-NP
+last JJ B-NP
+week NN I-NP
+had VBD B-VP
+been VBN I-VP
+advising VBG I-VP
+that IN B-SBAR
+`` `` O
+the DT B-NP
+market NN I-NP
+is VBZ B-VP
+still RB I-VP
+exhibiting VBG I-VP
+all PDT B-NP
+the DT I-NP
+signs NNS I-NP
+of IN B-PP
+a DT B-NP
+further JJ I-NP
+advance NN I-NP
+. . O
+'' '' O
+
+Many JJ B-NP
+other JJ I-NP
+brokerage NN I-NP
+firms NNS I-NP
+had VBD B-VP
+similarly RB B-NP
+bullish JJ I-NP
+views NNS I-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Rivkin NNP I-NP
+insists VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+10 CD I-NP
+pages NNS I-NP
+were VBD B-VP
+n't RB I-VP
+pulled VBN I-VP
+because IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+too RB B-ADJP
+bullish JJ I-ADJP
+. . O
+
+Instead RB B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+they PRP B-NP
+were VBD B-VP
+cautious JJ B-ADJP
+, , O
+and CC O
+that DT B-NP
+was VBD B-VP
+n't RB O
+the DT B-NP
+message NN I-NP
+we PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+deliver VB I-VP
+'' '' O
+on IN B-PP
+Monday NNP B-NP
+. . O
+
+As IN B-SBAR
+Mr. NNP B-NP
+Rivkin NNP I-NP
+explains VBZ B-VP
+it PRP B-NP
+, , O
+`` `` O
+We PRP B-NP
+were VBD B-VP
+raising VBG I-VP
+some DT B-NP
+caution NN I-NP
+flags NNS I-NP
+about IN B-PP
+rate NN B-NP
+rises VBZ I-NP
+in IN B-PP
+Europe NNP B-NP
+and CC O
+concerns NNS B-NP
+about IN B-PP
+the DT B-NP
+LBO NNP I-NP
+market NN I-NP
+. . O
+
+And CC O
+by IN B-PP
+late JJ B-NP
+Friday NNP I-NP
+afternoon NN I-NP
+, , O
+actually RB B-ADVP
+after IN B-PP
+the DT B-NP
+close NN I-NP
+, , O
+we PRP B-NP
+decided VBD B-VP
+that WDT B-NP
+was VBD B-VP
+the DT B-NP
+wrong JJ I-NP
+tone NN I-NP
+to TO B-VP
+take VB I-VP
+. . O
+
+With IN B-SBAR
+the DT B-NP
+market NN I-NP
+down RB B-ADVP
+, , O
+we PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+tell VB I-VP
+people NNS B-NP
+to TO B-VP
+put VB I-VP
+their PRP$ B-NP
+orders NNS I-NP
+in IN B-PRT
+on IN B-PP
+the DT B-NP
+opening NN I-NP
+. . O
+'' '' O
+
+Both DT B-PP
+before IN I-PP
+and CC I-PP
+after IN I-PP
+the DT B-NP
+Friday NNP I-NP
+plunge NN I-NP
+, , O
+Shearson NNP B-NP
+has VBZ B-VP
+maintained VBN I-VP
+a DT B-NP
+recommended VBN I-NP
+portfolio NN I-NP
+weighting NN I-NP
+of IN B-PP
+65 CD B-NP
+% NN I-NP
+stocks NNS I-NP
+, , O
+20 CD B-NP
+% NN I-NP
+bonds NNS I-NP
+and CC O
+15 CD B-NP
+% NN I-NP
+cash NN I-NP
+. . O
+
+Sheldon NNP B-NP
+B. NNP I-NP
+Lubar NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Lubar NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+and CC O
+John NNP B-NP
+L. NNP I-NP
+Murray NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Universal NNP B-NP
+Foods NNP I-NP
+Corp. NNP I-NP
+, , O
+were VBD B-VP
+elected VBN I-VP
+to TO B-PP
+the DT B-NP
+board NN I-NP
+of IN B-PP
+this DT B-NP
+engine NN I-NP
+maker NN I-NP
+. . O
+
+They PRP B-NP
+succeed VBP B-VP
+Robert NNP B-NP
+W. NNP I-NP
+Kasten NNP I-NP
+and CC O
+John NNP B-NP
+R. NNP I-NP
+Parker NNP I-NP
+, , O
+who WP B-NP
+reached VBD B-VP
+the DT B-NP
+mandatory JJ I-NP
+retirement NN I-NP
+age NN I-NP
+. . O
+
+China NNP B-NP
+'s POS B-NP
+slide NN I-NP
+toward IN B-PP
+recession NN B-NP
+is VBZ B-VP
+beginning VBG I-VP
+to TO I-VP
+look VB I-VP
+like IN B-PP
+a DT B-NP
+free JJ I-NP
+fall NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+report NN I-NP
+on IN B-PP
+China NNP B-NP
+'s POS B-NP
+foundering VBG I-NP
+economy NN I-NP
+, , O
+the DT B-NP
+official NN I-NP
+State NNP I-NP
+Statistical NNP I-NP
+Bureau NNP I-NP
+disclosed VBD B-VP
+that IN O
+industrial JJ B-NP
+output NN I-NP
+last JJ B-NP
+month NN I-NP
+rose VBD B-VP
+0.9 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+- : O
+the DT B-NP
+lowest JJS I-NP
+growth NN I-NP
+rate NN I-NP
+in IN B-PP
+a DT B-NP
+decade NN I-NP
+for IN B-PP
+September NNP B-NP
+. . O
+
+Retail JJ B-NP
+sales NNS I-NP
+are VBP B-VP
+plummeting VBG I-VP
+, , O
+while IN B-SBAR
+consumer NN B-NP
+prices NNS I-NP
+still RB B-ADVP
+are VBP B-VP
+rising VBG I-VP
+. . O
+
+Chinese JJ B-NP
+and CC I-NP
+foreign JJ I-NP
+economists NNS I-NP
+now RB B-ADVP
+predict VBP B-VP
+prolonged VBN B-NP
+stagflation NN I-NP
+: : O
+low JJ B-NP
+growth NN I-NP
+and CC O
+high JJ B-NP
+inflation NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+economy NN I-NP
+is VBZ B-VP
+crashing VBG I-VP
+hard JJ B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+an DT B-NP
+Asian JJ I-NP
+economist NN I-NP
+in IN B-PP
+Beijing NNP B-NP
+. . O
+
+`` `` O
+The DT B-NP
+slowdown NN I-NP
+is VBZ B-VP
+taking VBG I-VP
+hold VB B-NP
+a DT B-NP
+lot NN I-NP
+more RBR B-ADVP
+quickly RB I-ADVP
+and CC I-ADVP
+devastatingly RB I-ADVP
+than IN B-SBAR
+anyone NN B-NP
+had VBD B-VP
+expected VBN I-VP
+. . O
+'' '' O
+
+A DT B-NP
+lengthy JJ I-NP
+recession NN I-NP
+, , O
+if IN B-SBAR
+it PRP B-NP
+materializes VBZ B-VP
+, , O
+would MD B-VP
+drain VB I-VP
+state NN B-NP
+coffers NNS I-NP
+and CC O
+create VB B-VP
+severe JJ B-NP
+hardships NNS I-NP
+for IN B-PP
+urban JJ B-NP
+workers NNS I-NP
+. . O
+
+Experts NNS B-NP
+predict VBP B-VP
+the DT B-NP
+coming VBG I-NP
+year NN I-NP
+will MD B-VP
+be VB I-VP
+characterized VBN I-VP
+by IN B-PP
+flat JJ B-NP
+or CC I-NP
+negative JJ I-NP
+industrial JJ I-NP
+growth NN I-NP
+, , O
+rising VBG B-NP
+unemployment NN I-NP
+and CC O
+a DT B-NP
+widening VBG I-NP
+budget NN I-NP
+deficit NN I-NP
+. . O
+
+Unless IN B-SBAR
+the DT B-NP
+government NN I-NP
+suddenly RB B-ADVP
+reverses VBZ B-VP
+course NN B-NP
+, , O
+wages NNS B-NP
+for IN B-PP
+most RBS B-NP
+workers NNS I-NP
+wo MD B-VP
+n't RB I-VP
+keep VB I-VP
+pace NN B-NP
+with IN B-PP
+inflation NN B-NP
+, , O
+creating VBG B-VP
+a DT B-NP
+potential JJ I-NP
+source NN I-NP
+of IN B-PP
+urban JJ B-NP
+unrest NN I-NP
+. . O
+
+The DT B-NP
+economy NN I-NP
+'s POS B-NP
+slowdown NN I-NP
+is VBZ B-VP
+due JJ B-ADJP
+only RB I-ADJP
+partly RB I-ADJP
+to TO B-PP
+the DT B-NP
+austerity NN I-NP
+program NN I-NP
+launched VBN B-VP
+in IN B-PP
+September NNP B-NP
+1988 CD I-NP
+to TO B-VP
+cool VB I-VP
+an DT B-NP
+overheated VBN I-NP
+economy NN I-NP
+and CC O
+tame JJ B-VP
+inflation NN B-NP
+. . O
+
+-LRB- ( O
+Industrial NNP B-NP
+output NN I-NP
+surged VBD B-VP
+21 CD B-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+, , O
+while IN B-SBAR
+inflation NN B-NP
+peaked VBD B-VP
+last JJ B-NP
+February NNP I-NP
+at IN B-PP
+nearly RB B-NP
+30 CD I-NP
+% NN I-NP
+. . O
+-RRB- ) O
+
+The DT B-NP
+slowdown NN I-NP
+also RB B-ADVP
+results VBZ B-VP
+from IN B-PP
+chronic JJ B-NP
+energy NN I-NP
+and CC I-NP
+raw-materials NNS I-NP
+shortages NNS I-NP
+that WDT B-NP
+force VBP B-VP
+many JJ B-NP
+factories NNS I-NP
+to TO B-VP
+restrict VB I-VP
+operations NNS B-NP
+to TO B-PP
+two CD B-NP
+or CC I-NP
+three CD I-NP
+days NNS I-NP
+a DT B-NP
+week NN I-NP
+. . O
+
+In IN B-PP
+Western JJ B-NP
+, , I-NP
+market-driven JJ I-NP
+countries NNS I-NP
+, , O
+recessions NNS B-NP
+often RB B-ADVP
+have VBP B-VP
+a DT B-NP
+bright JJ I-NP
+side NN I-NP
+: : O
+prodding VBG B-VP
+the DT B-NP
+economy NN I-NP
+to TO B-PP
+greater JJR B-NP
+efficiency NN I-NP
+. . O
+
+In IN B-PP
+China NNP B-NP
+, , O
+however RB B-ADVP
+, , O
+there EX B-NP
+is VBZ B-VP
+n't RB O
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+any DT B-NP
+silver NN I-NP
+lining VBG I-NP
+because IN B-SBAR
+the DT B-NP
+economy NN I-NP
+remains VBZ B-VP
+guided VBN I-VP
+primarily RB B-ADVP
+by IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+Instead RB B-ADVP
+, , O
+China NNP B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+shell VB I-VP
+out RP B-PRT
+ever-greater JJ B-NP
+subsidies NNS I-NP
+to TO B-PP
+its PRP$ B-NP
+coddled VBN I-NP
+state-run JJ I-NP
+enterprises NNS I-NP
+, , O
+which WDT B-NP
+ate VBD B-VP
+up IN B-PRT
+$ $ B-NP
+18 CD I-NP
+billion CD I-NP
+in IN B-PP
+bailouts NNS B-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+Nor CC O
+are VBP O
+any DT B-NP
+of IN B-PP
+these DT B-NP
+inefficient JJ I-NP
+monoliths NNS I-NP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+go VB I-VP
+bankrupt JJ B-ADJP
+. . O
+
+Rather RB B-ADVP
+, , O
+the DT B-NP
+brunt NN I-NP
+of IN B-PP
+the DT B-NP
+slowdown NN I-NP
+will MD B-VP
+be VB I-VP
+felt VBN I-VP
+in IN B-PP
+the DT B-NP
+fast-growing JJ I-NP
+private JJ I-NP
+and CC I-NP
+semi-private JJ I-NP
+`` `` I-NP
+township NN I-NP
+'' '' I-NP
+enterprises NNS I-NP
+, , O
+which WDT B-NP
+have VBP B-VP
+fallen VBN I-VP
+into IN B-PP
+disfavor NN B-NP
+as IN B-SBAR
+China NNP B-NP
+'s POS B-NP
+leaders NNS I-NP
+re-emphasize VBP B-VP
+an DT B-NP
+orthodox JJ I-NP
+Marxist JJ I-NP
+preference NN I-NP
+for IN B-PP
+public JJ B-NP
+ownership NN I-NP
+. . O
+
+`` `` O
+When WRB B-ADVP
+the DT B-NP
+going VBG I-NP
+gets VBZ B-VP
+rough JJ B-ADJP
+, , O
+China NNP B-NP
+penalizes VBZ B-VP
+the DT B-NP
+efficient JJ I-NP
+and CC O
+rewards VBZ B-VP
+the DT B-NP
+incompetent JJ I-NP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+Western JJ I-NP
+economist NN I-NP
+. . O
+
+Reports NNS B-NP
+of IN B-PP
+an DT B-NP
+economy NN I-NP
+near VB B-PP
+recession NN B-NP
+come VB B-VP
+as IN B-SBAR
+officials NNS B-NP
+prepare VBP B-VP
+a DT B-NP
+major JJ I-NP
+Communist NNP I-NP
+Party NNP I-NP
+plenum NN I-NP
+for IN B-PP
+sometime RB B-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+weeks NNS I-NP
+. . O
+
+The DT B-NP
+meeting NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+call VB I-VP
+for IN B-PP
+heightened VBN B-NP
+austerity NN I-NP
+for IN B-PP
+two CD B-NP
+years NNS I-NP
+. . O
+
+But CC O
+with IN B-SBAR
+industrial JJ B-NP
+growth NN I-NP
+stagnant JJ B-ADJP
+and CC O
+inflation NN B-NP
+showing VBG B-VP
+signs NNS B-NP
+of IN B-PP
+easing VBG B-NP
+, , O
+some DT B-NP
+voices NNS I-NP
+may MD B-VP
+call VB I-VP
+for IN B-PP
+measures NNS B-NP
+to TO B-VP
+pump VB I-VP
+new JJ B-NP
+life NN I-NP
+into IN B-PP
+the DT B-NP
+economy NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+believe VBP B-VP
+China NNP B-NP
+soon RB B-ADVP
+will MD B-VP
+begin VB I-VP
+relaxing VBG I-VP
+economic JJ B-NP
+controls NNS I-NP
+, , O
+particularly RB B-ADVP
+by IN B-PP
+loosening VBG B-VP
+credit NN B-NP
+. . O
+
+That DT B-NP
+would MD B-VP
+benefit VB I-VP
+Chinese JJ B-NP
+enterprises NNS I-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+Sino-foreign JJ B-NP
+joint JJ I-NP
+ventures NNS I-NP
+, , O
+both DT B-NP
+of IN B-PP
+which WDT B-NP
+have VBP B-VP
+been VBN I-VP
+plagued VBN I-VP
+by IN B-PP
+shortages NNS B-NP
+of IN B-PP
+working VBG B-NP
+capital NN I-NP
+. . O
+
+A DT B-NP
+dangerous JJ I-NP
+buildup NN I-NP
+this DT B-NP
+year NN I-NP
+of IN B-PP
+billions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+in IN B-PP
+inter-company JJ B-NP
+debts NNS I-NP
+threatens VBZ B-VP
+, , O
+if IN B-SBAR
+unchecked JJ B-ADJP
+, , O
+to TO B-VP
+bring VB I-VP
+the DT B-NP
+economy NN I-NP
+to TO B-PP
+a DT B-NP
+collapse NN I-NP
+. . O
+
+One CD B-NP
+sign NN I-NP
+of IN B-PP
+a DT B-NP
+possible JJ I-NP
+easing NN I-NP
+of IN B-PP
+credit NN B-NP
+policy NN I-NP
+was VBD B-VP
+the DT B-NP
+decision NN I-NP
+this DT B-NP
+week NN I-NP
+of IN B-PP
+People NNS B-NP
+'s POS B-NP
+Bank NNP I-NP
+of IN B-PP
+China NNP B-NP
+, , O
+the DT B-NP
+central JJ I-NP
+bank NN I-NP
+, , O
+to TO B-VP
+allocate VB I-VP
+$ $ B-NP
+5.4 CD I-NP
+billion CD I-NP
+in IN B-PP
+short-term JJ B-NP
+loans NNS I-NP
+to TO B-VP
+pay VB I-VP
+farmers NNS B-NP
+for IN B-PP
+the DT B-NP
+autumn NN I-NP
+harvest NN I-NP
+, , O
+the DT B-NP
+official NN I-NP
+China NNP I-NP
+Daily NNP I-NP
+reported VBD B-VP
+. . O
+
+But CC O
+while IN B-SBAR
+pumping VBG B-VP
+more JJR B-NP
+money NN I-NP
+into IN B-PP
+the DT B-NP
+economy NN I-NP
+would MD B-VP
+bring VB I-VP
+relief NN B-NP
+to TO B-PP
+many VB B-NP
+industries NNS I-NP
+, , O
+it PRP B-NP
+also RB B-ADVP
+runs VBZ B-VP
+the DT B-NP
+risk NN I-NP
+of IN B-PP
+triggering VBG B-VP
+another DT B-NP
+period NN I-NP
+of IN B-PP
+runaway JJ B-NP
+growth NN I-NP
+and CC O
+steep JJ B-NP
+inflation NN I-NP
+. . O
+
+The DT B-NP
+cycle NN I-NP
+has VBZ B-VP
+been VBN I-VP
+repeated VBN I-VP
+several JJ B-NP
+times NNS I-NP
+since IN B-SBAR
+China NNP B-NP
+began VBD B-VP
+reforming VBG I-VP
+its PRP$ B-NP
+planned VBN I-NP
+economy NN I-NP
+in IN B-PP
+1979 CD B-NP
+. . O
+
+And CC O
+, , O
+because IN B-SBAR
+China NNP B-NP
+'s POS B-NP
+leaders NNS I-NP
+have VBP B-VP
+abandoned VBN I-VP
+plans NNS B-NP
+to TO B-VP
+drastically RB I-VP
+reform NN I-VP
+the DT B-NP
+economy NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+continue VB I-VP
+, , O
+analysts NNS B-NP
+say VBP B-VP
+. . O
+
+The DT B-NP
+statistical JJ I-NP
+bureau NN I-NP
+'s POS B-NP
+report NN I-NP
+, , O
+cited VBD B-VP
+in IN B-PP
+China NNP B-NP
+Daily NNP I-NP
+, , O
+notes VBZ B-VP
+that IN B-SBAR
+industrial JJ B-NP
+output NN I-NP
+in IN B-PP
+September NNP B-NP
+totaled VBD B-NP
+$ $ B-NP
+29.4 CD I-NP
+billion CD I-NP
+, , O
+a DT B-NP
+rise NN I-NP
+of IN B-PP
+just RB B-NP
+0.9 CD I-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Output NN B-NP
+declined VBD B-VP
+in IN B-PP
+several JJ B-NP
+provinces NNS I-NP
+, , O
+including VBG B-PP
+Jiangsu NNP B-NP
+and CC I-NP
+Zhejiang NNP I-NP
+, , O
+two CD B-NP
+key JJ I-NP
+coastal JJ I-NP
+areas NNS I-NP
+, , O
+and CC O
+Sichuan NNP B-NP
+, , O
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+agricultural JJ I-NP
+breadbasket NN I-NP
+. . O
+
+Production NN B-NP
+in IN B-PP
+Shanghai NNP B-NP
+, , O
+China NNP B-NP
+'s POS B-NP
+industrial JJ I-NP
+powerhouse NN I-NP
+and CC O
+the DT B-NP
+largest JJS I-NP
+source NN I-NP
+of IN B-PP
+tax NN B-NP
+revenue NN I-NP
+for IN B-PP
+the DT B-NP
+central JJ I-NP
+government NN I-NP
+, , O
+fell VBD B-VP
+1.8 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+month NN I-NP
+. . O
+
+Nationwide NNP B-ADVP
+, , O
+output NN B-NP
+of IN B-PP
+light NN B-NP
+industrial JJ I-NP
+products NNS I-NP
+declined VBD B-VP
+1.8 CD B-NP
+% NN I-NP
+-- : O
+`` `` O
+the DT B-NP
+first JJ I-NP
+decline NN I-NP
+in IN B-PP
+10 CD B-NP
+years NNS I-NP
+, , O
+'' '' O
+a DT B-NP
+bureau NN I-NP
+spokesman NN I-NP
+told VBD B-VP
+China NNP B-NP
+Daily NNP I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+unusually RB I-NP
+direct JJ I-NP
+statement NN I-NP
+, , O
+the DT B-NP
+bureau NN I-NP
+spokesman NN I-NP
+recommended VBD B-VP
+that IN B-SBAR
+state NN B-NP
+banks NNS I-NP
+extend VBP B-VP
+more JJR B-NP
+credit NN I-NP
+to TO B-PP
+shopkeepers NNS B-NP
+so RB B-SBAR
+that IN I-SBAR
+they PRP B-NP
+can MD B-VP
+purchase VB I-VP
+manufacturers NNS B-NP
+' POS B-NP
+goods NNS I-NP
+. . O
+
+`` `` O
+This DT B-NP
+will MD B-VP
+prevent VB I-VP
+a DT B-NP
+slide NN I-NP
+in IN B-PP
+industrial JJ B-NP
+production NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+otherwise RB I-VP
+cause VB I-VP
+new JJ B-NP
+panic NN I-NP
+buyings NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+1986 CD I-NP
+tax NN I-NP
+overhaul NN I-NP
+, , O
+the DT B-NP
+biggest JJS I-NP
+achievement NN I-NP
+of IN B-PP
+President NNP B-NP
+Reagan NNP I-NP
+'s POS B-NP
+second JJ I-NP
+term NN I-NP
+, , O
+is VBZ B-VP
+beginning VBG I-VP
+to TO I-VP
+fall VB I-VP
+apart RB B-PRT
+, , O
+and CC O
+interest NN B-NP
+groups NNS I-NP
+are VBP B-VP
+lining VBG I-VP
+up IN B-PRT
+for IN B-PP
+tax NN B-NP
+goodies NNS I-NP
+all DT B-PP
+over IN I-PP
+Capitol NNP B-NP
+Hill NNP I-NP
+. . O
+
+Real-estate NN B-NP
+executives NNS I-NP
+are VBP B-VP
+lobbying VBG I-VP
+to TO I-VP
+ease VB I-VP
+anti-tax-shelter JJ B-NP
+rules NNS I-NP
+. . O
+
+Charitable JJ B-NP
+groups NNS I-NP
+are VBP B-VP
+trying VBG I-VP
+to TO I-VP
+reinstate VB I-VP
+the DT B-NP
+write-off NN I-NP
+for IN B-PP
+contributions NNS B-NP
+made VBN B-VP
+by IN B-PP
+individuals NNS B-NP
+who WP B-NP
+do VBP B-VP
+n't RB I-VP
+itemize VB I-VP
+their PRP$ B-NP
+deductions NNS I-NP
+. . O
+
+Big JJ B-NP
+auction NN I-NP
+houses NNS I-NP
+want VBP B-VP
+to TO I-VP
+make VB I-VP
+collectibles NNS B-NP
+eligible JJ B-ADJP
+for IN B-PP
+lower JJR B-NP
+capital-gains NNS I-NP
+taxes NNS I-NP
+. . O
+
+And CC O
+heavy-industry NN B-NP
+lobbyists NNS I-NP
+are VBP B-VP
+quietly RB I-VP
+discussing VBG I-VP
+the DT B-NP
+possibility NN I-NP
+of IN B-PP
+reinstating VBG B-VP
+the DT B-NP
+investment NN I-NP
+tax NN I-NP
+credit NN I-NP
+. . O
+
+`` `` O
+Everything NN B-NP
+is VBZ B-VP
+up IN B-PP
+for IN B-PP
+grabs NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Theodore NNP B-NP
+Groom NNP I-NP
+, , O
+a DT B-NP
+lobbyist NN I-NP
+for IN B-PP
+mutual JJ B-NP
+life-insurance NN I-NP
+companies NNS I-NP
+. . O
+
+Adds VBZ B-VP
+Robert NNP B-NP
+Juliano NNP I-NP
+, , O
+the DT B-NP
+head NN I-NP
+lobbyist NN I-NP
+for IN B-PP
+a DT B-NP
+variety NN I-NP
+of IN B-PP
+interests NNS B-NP
+that WDT B-NP
+want VBP B-VP
+to TO I-VP
+protect VB I-VP
+the DT B-NP
+tax NN I-NP
+deduction NN I-NP
+for IN B-PP
+travel NN B-NP
+and CC I-NP
+entertainment NN I-NP
+expenses NNS I-NP
+: : O
+`` `` O
+It PRP B-NP
+appears VBZ B-VP
+as IN B-SBAR
+though IN I-SBAR
+the DT B-NP
+whole JJ I-NP
+thing NN I-NP
+is VBZ B-VP
+wide JJ B-ADJP
+open JJ I-ADJP
+again RB B-ADVP
+. . O
+'' '' O
+
+The DT B-NP
+catalyst NN I-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+congressional JJ I-NP
+move NN I-NP
+to TO B-VP
+restore VB I-VP
+preferential JJ B-NP
+tax NN I-NP
+treatment NN I-NP
+for IN B-PP
+capital NN B-NP
+gains NNS I-NP
+, , O
+an DT B-NP
+effort NN I-NP
+that WDT B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+succeed VB I-VP
+in IN B-PP
+this DT B-NP
+Congress NNP I-NP
+. . O
+
+Other JJ B-NP
+fundamental JJ I-NP
+`` `` I-NP
+reforms NNS I-NP
+'' '' O
+of IN B-PP
+the DT B-NP
+1986 CD I-NP
+act NN I-NP
+have VBP B-VP
+been VBN I-VP
+threatened VBN I-VP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+The DT B-NP
+House NNP I-NP
+seriously RB B-ADVP
+considered VBD B-VP
+raising VBG I-VP
+the DT B-NP
+top JJ I-NP
+tax NN I-NP
+rate NN I-NP
+paid VBN B-VP
+by IN B-PP
+individuals NNS B-NP
+with IN B-PP
+the DT B-NP
+highest JJS I-NP
+incomes NNS I-NP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+Finance NNP I-NP
+Committee NNP I-NP
+voted VBD B-VP
+to TO I-VP
+expand VB I-VP
+the DT B-NP
+deduction NN I-NP
+for IN B-PP
+individual JJ B-NP
+retirement NN I-NP
+accounts NNS I-NP
+, , O
+and CC O
+also RB B-ADVP
+to TO B-VP
+bring VB I-VP
+back JJ B-ADVP
+income NN B-NP
+averaging VBG I-NP
+for IN B-PP
+farmers NNS B-NP
+, , O
+a DT B-NP
+tax NN I-NP
+preference NN I-NP
+that WDT B-NP
+allows VBZ B-VP
+income NN B-NP
+to TO B-VP
+be VB I-VP
+spread VBN I-VP
+out IN B-PRT
+over IN B-PP
+several JJ B-NP
+years NNS I-NP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+same JJ I-NP
+bill NN I-NP
+, , O
+the DT B-NP
+finance NN I-NP
+panel NN I-NP
+also RB B-ADVP
+voted VBD B-VP
+in IN B-PP
+favor NN B-NP
+of IN B-PP
+billions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+in IN B-PP
+narrow JJ B-NP
+tax NN I-NP
+breaks NNS I-NP
+for IN B-PP
+individuals NNS B-NP
+and CC I-NP
+corporations NNS I-NP
+, , O
+in IN B-PP
+what WP B-NP
+committee NN B-NP
+member NN I-NP
+Sen. NNP I-NP
+David NNP I-NP
+Pryor NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Ark NNP B-NP
+. . O
+-RRB- ) O
+calls VBZ B-VP
+a DT B-NP
+`` `` I-NP
+feeding VBG I-NP
+frenzy NN I-NP
+'' '' O
+of IN B-PP
+special-interest JJ B-NP
+legislating NN I-NP
+. . O
+
+The DT B-NP
+beneficiaries NNS I-NP
+would MD B-VP
+range VB I-VP
+from IN B-PP
+pineapple NN B-NP
+growers NNS I-NP
+to TO B-PP
+rich JJ B-NP
+grandparents NNS I-NP
+to TO B-PP
+tuxedo-rental JJ B-NP
+shops NNS I-NP
+. . O
+
+To TO B-VP
+be VB I-VP
+sure JJ B-ADJP
+, , O
+the DT B-NP
+full JJ I-NP
+Senate NNP I-NP
+, , O
+facing VBG B-VP
+a DT B-NP
+fast-approaching JJ I-NP
+budget NN I-NP
+deadline NN I-NP
+, , O
+last JJ B-NP
+Friday NNP I-NP
+stripped VBD B-VP
+away RB B-ADVP
+all DT B-NP
+of IN B-PP
+the DT B-NP
+tax NN I-NP
+breaks NNS I-NP
+that WDT B-NP
+were VBD B-VP
+contained VBN I-VP
+in IN B-PP
+the DT B-NP
+Finance NNP I-NP
+Committee NNP I-NP
+bill NN I-NP
+. . O
+
+But CC O
+lawmakers NNS B-NP
+of IN B-PP
+both DT B-NP
+parties NNS I-NP
+agree VBP B-VP
+that IN B-SBAR
+the DT B-NP
+streamlining VBG I-NP
+was VBD B-VP
+temporary JJ B-ADJP
+. . O
+
+Other JJ B-NP
+bills NNS I-NP
+will MD B-VP
+be VB I-VP
+moving VBG I-VP
+soon RB B-ADVP
+that WDT B-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+carry VB I-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+tax NN I-NP
+cuts NNS I-NP
+, , O
+including VBG B-PP
+both DT B-NP
+the DT I-NP
+capital-gains NNS I-NP
+and CC I-NP
+IRA NNP I-NP
+provisions NNS I-NP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+n't RB O
+any DT B-NP
+doubt NN I-NP
+that IN B-SBAR
+the DT B-NP
+thread NN I-NP
+of IN B-PP
+the DT B-NP
+'86 CD I-NP
+code NN I-NP
+has VBZ B-VP
+been VBN I-VP
+given VBN I-VP
+a DT B-NP
+mighty JJ I-NP
+tug NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Rep. NNP B-NP
+Thomas NNP I-NP
+Downey NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+N.Y NNP B-NP
+. . O
+-RRB- ) O
+. . O
+
+`` `` O
+You PRP B-NP
+'ll MD B-VP
+see VB I-VP
+the DT B-NP
+annual JJ I-NP
+unraveling NN I-NP
+of IN B-PP
+it PRP B-NP
+. . O
+'' '' O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+back RB B-ADVP
+to TO B-PP
+tax-give-away JJ B-NP
+time NN I-NP
+for IN B-PP
+the DT B-NP
+select JJ I-NP
+few NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Rep. NNP B-NP
+William NNP I-NP
+Gray NNP I-NP
+of IN B-PP
+Pennsylvania NNP B-NP
+, , O
+the DT B-NP
+third-ranking JJ I-NP
+Democrat NNP I-NP
+in IN B-PP
+the DT B-NP
+House NNP I-NP
+. . O
+
+Referring VBG B-VP
+to TO B-PP
+the DT B-NP
+chairmen NNS I-NP
+of IN B-PP
+the DT B-NP
+Senate NNP I-NP
+and CC I-NP
+House NNP I-NP
+tax-writing JJ I-NP
+committees NNS I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+`` `` O
+Next JJ B-NP
+year NN I-NP
+, , O
+every DT B-NP
+special-interest JJ I-NP
+group NN I-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+there RB B-ADVP
+knocking VBG B-VP
+on IN B-PP
+Lloyd NNP B-NP
+Bentsen NNP I-NP
+'s POS B-NP
+door NN I-NP
+, , O
+on IN B-PP
+Danny NNP B-NP
+Rostenkowski NNP I-NP
+'s POS B-NP
+door NN I-NP
+. . O
+'' '' O
+
+Many JJ B-NP
+groups NNS I-NP
+are VBP B-VP
+n't RB I-VP
+waiting VBG I-VP
+that DT B-NP
+long JJ I-NP
+. . O
+
+Just RB B-NP
+last JJ I-NP
+week NN I-NP
+, , O
+a DT B-NP
+House NNP I-NP
+Ways NNPS I-NP
+and CC I-NP
+Means NNP I-NP
+subcommittee NN I-NP
+held VBD B-VP
+a DT B-NP
+lengthy JJ I-NP
+meeting NN I-NP
+to TO B-VP
+hear VB I-VP
+the DT B-NP
+pleas NNS I-NP
+of IN B-PP
+individual JJ B-NP
+cities NNS I-NP
+, , I-NP
+companies NNS I-NP
+and CC I-NP
+interest NN I-NP
+groups NNS I-NP
+who WP B-NP
+want VBP B-VP
+to TO I-VP
+open VB I-VP
+their PRP$ B-NP
+own JJ I-NP
+special JJ I-NP
+loopholes NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+Swiss-cheese NN I-NP
+factory NN I-NP
+and CC O
+the DT B-NP
+cheese NN I-NP
+smells VBZ B-VP
+pretty RB B-ADJP
+good JJ I-ADJP
+, , O
+'' '' O
+commented VBD B-VP
+one CD B-NP
+veteran NN I-NP
+lobbyist NN I-NP
+who WP B-NP
+was VBD B-VP
+watching VBG I-VP
+the DT B-NP
+proceedings NNS I-NP
+. . O
+
+Even JJ B-NP
+lobbyists NNS I-NP
+for IN B-PP
+heavy JJ B-NP
+industry NN I-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+interests NNS I-NP
+hit VBD B-VP
+hardest JJS B-ADVP
+in IN B-PP
+the DT B-NP
+1986 CD I-NP
+bill NN I-NP
+, , O
+are VBP B-VP
+encouraged VBN I-VP
+. . O
+
+The DT B-NP
+return NN I-NP
+of IN B-PP
+pro-investment JJ B-NP
+tax NN I-NP
+breaks NNS I-NP
+such JJ B-PP
+as IN I-PP
+those DT B-NP
+for JJ B-PP
+capital NN B-NP
+gains NNS I-NP
+and CC O
+IRAs NNS B-NP
+`` `` O
+creates VBZ B-VP
+more JJR B-NP
+of IN B-PP
+a DT B-NP
+mood NN I-NP
+or CC O
+a DT B-NP
+mindset NN I-NP
+that WDT B-NP
+is VBZ B-VP
+helpful JJ B-ADJP
+for IN B-PP
+getting VBG B-VP
+better JJR B-NP
+depreciation NN I-NP
+-LRB- ( O
+write-offs NNS B-NP
+-RRB- ) O
+or CC O
+investment NN B-NP
+credits NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Paul NNP B-NP
+Huard NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+for IN B-PP
+the DT B-NP
+National NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Manufacturers NNPS B-NP
+. . O
+
+Corporate JJ B-NP
+lobbyist NN I-NP
+Charls NNP I-NP
+Walker NNP I-NP
+is VBZ B-VP
+planning VBG I-VP
+a DT B-NP
+spring NN I-NP
+conference NN I-NP
+to TO B-VP
+discuss VB I-VP
+what WP B-NP
+tax NN I-NP
+changes NNS I-NP
+to TO B-VP
+make VB I-VP
+to TO B-VP
+improve VB I-VP
+`` `` O
+competitiveness NN B-NP
+. . O
+'' '' O
+
+In IN B-PP
+reaction NN B-NP
+to TO B-PP
+proposed VBN B-NP
+capital-gains NNS I-NP
+legislation NN I-NP
+, , O
+groups NNS B-NP
+are VBP B-VP
+lobbying VBG I-VP
+to TO I-VP
+make VB I-VP
+sure JJ B-ADJP
+they PRP B-NP
+are VBP B-VP
+n't RB I-VP
+left VBN I-VP
+off IN B-PP
+the DT B-NP
+gravy NN I-NP
+train NN I-NP
+. . O
+
+Real-estate NN B-NP
+interests NNS I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+are VBP B-VP
+protesting VBG I-VP
+an DT B-NP
+omission NN I-NP
+in IN B-PP
+President NNP B-NP
+Bush NNP I-NP
+'s POS B-NP
+capital-gains NNS I-NP
+proposal NN I-NP
+: : O
+It PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+include VB I-VP
+real-estate NN B-NP
+gains NNS I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+tax NN I-NP
+scheme NN I-NP
+that WDT B-NP
+contemplates VBZ B-VP
+lower JJR B-NP
+treatment NN I-NP
+of IN B-PP
+capital NN B-NP
+gains NNS I-NP
+, , O
+they PRP B-NP
+certainly RB B-ADVP
+want VBP B-VP
+to TO I-VP
+be VB I-VP
+part NN B-NP
+of IN B-PP
+it PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+real-estate NN B-NP
+lobbyist NN I-NP
+Wayne NNP I-NP
+Thevenot NNP I-NP
+of IN B-PP
+Concord NNP B-NP
+Associates NNPS I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+House-passed JJ I-NP
+tax NN I-NP
+bill NN I-NP
+, , O
+Mr. NNP B-NP
+Thevenot NNP I-NP
+got VBD B-VP
+his PRP$ B-NP
+wish VBP I-NP
+; : O
+real-estate NN B-NP
+assets NNS I-NP
+are VBP B-VP
+included VBN I-VP
+in IN B-PP
+the DT B-NP
+capital-gains NNS I-NP
+provision NN I-NP
+. . O
+
+But CC O
+Sotheby NNP B-NP
+'s POS B-NP
+, , O
+Christie NNP B-NP
+'s POS B-NP
+and CC O
+the DT B-NP
+National NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Antique NNP B-NP
+Dealers NNS I-NP
+are VBP B-VP
+still RB I-VP
+trying VBG I-VP
+to TO I-VP
+get VB I-VP
+theirs PRP B-NP
+. . O
+
+They PRP B-NP
+have VBP B-VP
+sent VBN I-VP
+a DT B-NP
+letter NN I-NP
+to TO B-PP
+congressional JJ B-NP
+tax-writers NNS I-NP
+asking VBG B-VP
+that IN B-SBAR
+gains NNS B-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+collectibles NNS B-NP
+also RB B-ADVP
+be VBP B-VP
+given VBN I-VP
+preferential JJ B-NP
+treatment NN I-NP
+. . O
+
+`` `` O
+Collectibles NNS B-NP
+should MD B-VP
+continue VB I-VP
+to TO I-VP
+be VB I-VP
+recognized VBN I-VP
+as IN B-PP
+capital NN B-NP
+assets NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+letter NN I-NP
+states NNS B-VP
+. . O
+
+All DT B-NP
+of IN B-PP
+this DT B-NP
+talk NN I-NP
+is VBZ B-VP
+antithetical JJ B-ADJP
+to TO B-PP
+the DT B-NP
+Tax NNP I-NP
+Reform NNP I-NP
+Act NNP I-NP
+of IN B-PP
+1986 CD B-NP
+. . O
+
+In IN B-PP
+exchange NN B-NP
+for IN B-PP
+dramatically RB B-NP
+lower JJR I-NP
+tax NN I-NP
+rates NNS I-NP
+, , O
+the DT B-NP
+framers NNS I-NP
+of IN B-PP
+that DT B-NP
+legislation NN I-NP
+sought VBD B-VP
+to TO I-VP
+eliminate VB I-VP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+exemptions NNS I-NP
+, , I-NP
+deductions NNS I-NP
+and CC I-NP
+credits NNS I-NP
+that WDT B-NP
+gave VBD B-VP
+some DT B-NP
+taxpayers NNS I-NP
+an DT B-NP
+advantage NN I-NP
+over IN B-PP
+others NNS B-NP
+. . O
+
+The DT B-NP
+goal NN I-NP
+was VBD B-VP
+to TO B-VP
+tax VB I-VP
+people NNS B-NP
+with IN B-PP
+roughly RB B-NP
+equivalent NN I-NP
+incomes NNS I-NP
+equally RB B-ADVP
+, , O
+and CC O
+to TO B-VP
+eliminate VB I-VP
+the DT B-NP
+many JJ I-NP
+shelters NNS I-NP
+that WDT B-NP
+allowed VBD B-VP
+the DT B-NP
+wealthy JJ I-NP
+to TO B-VP
+escape VB I-VP
+taxes NNS B-NP
+. . O
+
+Two CD B-NP
+of IN B-PP
+the DT B-NP
+major JJ I-NP
+ways NNS I-NP
+that IN B-ADVP
+tax-writers NNS B-NP
+managed VBD B-VP
+to TO I-VP
+attain VB I-VP
+these DT B-NP
+ends NNS I-NP
+were VBD B-VP
+to TO B-VP
+scrap VB I-VP
+the DT B-NP
+preferential JJ I-NP
+treatment NN I-NP
+of IN B-PP
+capital NN B-NP
+gains NNS I-NP
+and CC O
+to TO B-VP
+curtail VB I-VP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+paper NN B-NP
+losses NNS I-NP
+, , O
+also RB B-VP
+known VBN I-VP
+as IN B-PP
+passive JJ B-NP
+losses NNS I-NP
+, , O
+that WDT B-NP
+made VBD B-VP
+many JJ B-NP
+tax NN I-NP
+shelters NNS I-NP
+possible JJ B-ADJP
+. . O
+
+Many JJ B-NP
+other JJ I-NP
+tax NN I-NP
+benefits NNS I-NP
+also RB B-ADVP
+were VBD B-VP
+swept VBN I-VP
+away RB B-ADVP
+. . O
+
+This DT B-NP
+year NN I-NP
+Congress NNP B-NP
+, , O
+with IN B-PP
+prodding VBG B-NP
+from IN B-PP
+President NNP B-NP
+Bush NNP I-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+busy JJ B-ADJP
+trying NN B-VP
+to TO I-VP
+put VB I-VP
+many NN B-NP
+of IN B-PP
+these DT B-NP
+same JJ I-NP
+tax NN I-NP
+preferences NNS I-NP
+back RB B-ADVP
+into IN B-PP
+the DT B-NP
+code NN I-NP
+. . O
+
+It PRP B-NP
+appears VBZ B-VP
+likely JJ B-ADJP
+that IN B-SBAR
+, , O
+this DT B-NP
+year NN I-NP
+or CC O
+next JJ B-NP
+, , O
+some DT B-NP
+form NN I-NP
+of IN B-PP
+capital-gains NNS B-NP
+preference NN I-NP
+and CC O
+passive-loss JJ B-NP
+restoration NN I-NP
+will MD B-VP
+be VB I-VP
+enacted VBN I-VP
+. . O
+
+Other JJ B-NP
+tax NN I-NP
+benefits NNS I-NP
+probably RB B-ADVP
+will MD B-VP
+be VB I-VP
+restored VBN I-VP
+and CC I-VP
+created VBN I-VP
+. . O
+
+The DT B-NP
+main JJ I-NP
+obstacle NN I-NP
+is VBZ B-VP
+finding VBG I-VP
+a DT B-NP
+way NN I-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+them PRP B-NP
+. . O
+
+`` `` O
+The DT B-NP
+'86 CD I-NP
+act NN I-NP
+was VBD B-VP
+a DT B-NP
+fluke NN I-NP
+. . O
+
+They PRP B-NP
+wanted VBD B-VP
+reform NN B-NP
+and CC O
+they PRP B-NP
+got VBD B-VP
+a DT B-NP
+revolution NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+overhaul NN B-NP
+advocate NN I-NP
+Rep. NNP I-NP
+Willis NNP I-NP
+Gradison NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Ohio NNP B-NP
+-RRB- ) O
+. . O
+
+So RB B-ADVP
+, , O
+is VBZ O
+the DT B-NP
+tax NN I-NP
+code NN I-NP
+now RB B-ADVP
+open JJ B-NP
+game NN I-NP
+again RB B-ADVP
+? . O
+
+Mr. NNP B-NP
+Juliano NNP I-NP
+thinks VBZ B-VP
+so RB B-ADVP
+. . O
+
+One CD B-NP
+recent JJ I-NP
+Saturday NNP I-NP
+morning NN I-NP
+he PRP B-NP
+stayed VBD B-VP
+inside IN B-PP
+the DT B-NP
+Capitol NNP I-NP
+monitoring VBG B-VP
+tax-and-budget JJ B-NP
+talks NNS I-NP
+instead RB B-CONJP
+of IN I-CONJP
+flying VBG B-VP
+to TO B-PP
+San NNP B-NP
+Francisco NNP I-NP
+for IN B-PP
+a DT B-NP
+fund-raiser NN I-NP
+and CC O
+then RB B-ADVP
+to TO B-PP
+his PRP$ B-NP
+hometown NN I-NP
+of IN B-PP
+Chicago NNP B-NP
+for IN B-PP
+the DT B-NP
+30th JJ I-NP
+reunion NN I-NP
+of IN B-PP
+St. NNP B-NP
+Ignatius NNP I-NP
+High NNP I-NP
+School NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+too RB B-ADJP
+old JJ I-ADJP
+to TO B-VP
+waste VB I-VP
+a DT B-NP
+weekend NN I-NP
+, , O
+but CC O
+that DT B-NP
+'s VBZ B-VP
+what WP B-NP
+I PRP B-NP
+did VBD B-VP
+, , O
+'' '' O
+the DT B-NP
+48-year-old NNP I-NP
+Mr. NNP I-NP
+Juliano NNP I-NP
+moans VBZ B-VP
+. . O
+
+`` `` O
+These DT B-NP
+days NNS I-NP
+, , O
+anything NN B-NP
+can MD B-VP
+happen VB I-VP
+. . O
+
+Lufthansa NNP B-NP
+AG NNP I-NP
+said VBD B-VP
+passenger NN B-NP
+volume NN I-NP
+climbed VBD B-VP
+5.2 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+of IN B-PP
+1989 CD B-NP
+to TO B-PP
+15.3 CD B-NP
+million CD I-NP
+passengers NNS I-NP
+from IN B-PP
+14.5 CD B-NP
+million CD I-NP
+passengers NNS I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+The DT B-NP
+West JJ I-NP
+German JJ I-NP
+national JJ I-NP
+air NN I-NP
+carrier NN I-NP
+said VBD B-VP
+cargo NN B-NP
+volume NN I-NP
+jumped VBD B-VP
+12 CD B-NP
+% NN I-NP
+to TO B-PP
+638,000 CD B-NP
+metric JJ I-NP
+tons NNS I-NP
+from IN B-PP
+569,000 CD B-NP
+tons NNS I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Load NN B-NP
+factor NN I-NP
+, , O
+or CC O
+percentage NN B-NP
+of IN B-PP
+seats NNS B-NP
+filled VBN B-VP
+, , O
+climbed VBD B-VP
+to TO B-PP
+67.1 CD B-NP
+% NN I-NP
+from IN B-PP
+66.6 CD B-NP
+% NN I-NP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+the DT B-NP
+number NN I-NP
+of IN B-PP
+flights NNS B-NP
+rose VBD B-VP
+6.9 CD B-NP
+% NN I-NP
+to TO B-PP
+215,845 CD B-NP
+in IN B-PP
+the DT B-NP
+first-three JJ I-NP
+quarters NNS I-NP
+. . O
+
+From IN B-PP
+January NNP B-NP
+through IN B-PP
+September NNP B-NP
+, , O
+the DT B-NP
+distance NN I-NP
+flown VBN B-VP
+by IN B-PP
+Lufthansa NNP B-NP
+airplanes NNS I-NP
+rose VBD B-VP
+5.6 CD B-NP
+% NN I-NP
+to TO B-PP
+266.2 CD B-NP
+million CD I-NP
+kilometers NNS I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+added VBD B-VP
+. . O
+
+Raymond NNP B-NP
+Chandler NNP I-NP
+, , O
+in IN B-PP
+a DT B-NP
+1950 CD I-NP
+letter NN I-NP
+defending VBG B-VP
+a DT B-NP
+weak JJ I-NP
+Hemingway NNP I-NP
+book NN I-NP
+, , O
+likened VBD B-VP
+a DT B-NP
+champion NN I-NP
+writer NN I-NP
+to TO B-PP
+a DT B-NP
+baseball NN I-NP
+pitcher NN I-NP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+champ NN I-NP
+has VBZ B-VP
+lost VBN I-VP
+his PRP$ B-NP
+stuff NN I-NP
+, , O
+the DT B-NP
+great JJ I-NP
+mystery NN I-NP
+novelist NN I-NP
+wrote VBD B-VP
+, , O
+`` `` O
+when WRB B-ADVP
+he PRP B-NP
+can MD B-VP
+no RB I-VP
+longer RB I-VP
+throw VB I-VP
+the DT B-NP
+high JJ I-NP
+hard JJ I-NP
+one CD I-NP
+, , O
+he PRP B-NP
+throws VBZ B-VP
+his PRP$ B-NP
+heart NN I-NP
+instead RB B-ADVP
+. . O
+
+He PRP B-NP
+throws VBZ B-VP
+something NN B-NP
+. . O
+
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+just RB I-VP
+walk VB I-VP
+off IN B-PP
+the DT B-NP
+mound NN I-NP
+and CC O
+weep VB B-VP
+. . O
+'' '' O
+
+Chandler NNP B-NP
+might MD B-VP
+have VB I-VP
+been VBN I-VP
+predicting VBG I-VP
+the DT B-NP
+course NN I-NP
+of IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+career NN I-NP
+. . O
+
+His PRP$ B-NP
+last RB I-NP
+published VBN I-NP
+novel NN I-NP
+featuring VBG B-VP
+private JJ B-NP
+detective NN I-NP
+Philip NNP I-NP
+Marlowe NNP I-NP
+, , O
+the DT B-NP
+inferior JJ I-NP
+`` `` I-NP
+Playback NNP I-NP
+'' '' O
+-LRB- ( O
+1958 CD B-NP
+-RRB- ) O
+, , O
+at IN B-PP
+times NNS B-NP
+read VBP B-VP
+almost RB B-ADVP
+like IN B-PP
+a DT B-NP
+parody NN I-NP
+of IN B-PP
+his PRP$ B-NP
+previous JJ I-NP
+work NN I-NP
+. . O
+
+When WRB B-ADVP
+he PRP B-NP
+died VBD B-VP
+in IN B-PP
+1959 CD B-NP
+, , O
+Chandler NNP B-NP
+left VBD B-VP
+behind IN B-PRT
+four CD B-NP
+chapters NNS I-NP
+of IN B-PP
+yet RB B-NP
+another DT I-NP
+Marlowe NNP I-NP
+book NN I-NP
+, , O
+`` `` O
+The DT B-NP
+Poodle NNP I-NP
+Springs NNP I-NP
+Story NNP I-NP
+, , O
+'' '' O
+which WDT B-NP
+seemed VBD B-VP
+to TO I-VP
+go VB I-VP
+beyond IN B-PP
+parody NN B-NP
+into IN B-PP
+something NN B-NP
+like IN B-PP
+burlesque JJ B-NP
+. . O
+
+`` `` O
+Champ NNP B-NP
+'' '' O
+Chandler NNP B-NP
+'s POS B-NP
+last JJ I-NP
+pitch NN I-NP
+, , O
+apparently RB B-ADVP
+, , O
+was VBD B-VP
+a DT B-NP
+screwball NN I-NP
+. . O
+
+Now RB B-ADVP
+Robert NNP B-NP
+Parker NNP I-NP
+, , O
+author NN B-NP
+of IN B-PP
+several JJ B-NP
+best JJS I-NP
+sellers NNS I-NP
+featuring VBG B-VP
+Spenser NNP B-NP
+, , O
+a DT B-NP
+contemporary JJ I-NP
+private JJ I-NP
+eye NN I-NP
+in IN B-PP
+the DT B-NP
+Marlowe NNP I-NP
+mold NN I-NP
+, , O
+has VBZ B-VP
+with IN B-PP
+the DT B-NP
+blessings NNS I-NP
+of IN B-PP
+the DT B-NP
+Chandler NNP I-NP
+estate NN I-NP
+been VBN B-VP
+hired VBN I-VP
+to TO I-VP
+complete VB I-VP
+`` `` O
+The DT B-NP
+Poodle NNP I-NP
+Springs NNP I-NP
+Story NNP I-NP
+. . O
+'' '' O
+
+The DT B-NP
+result NN I-NP
+, , O
+`` `` O
+Poodle NNP B-NP
+Springs NNP I-NP
+'' '' O
+-LRB- ( O
+Putnam NNP B-NP
+'s POS B-NP
+, , O
+288 CD B-NP
+pages NNS I-NP
+, , O
+$ $ B-NP
+18.95 CD I-NP
+-RRB- ) O
+is VBZ B-VP
+an DT O
+entertaining NN O
+, , O
+easy JJ O
+to TO B-VP
+read VB I-VP
+and CC B-NP
+fairly RB I-NP
+graceful JJ I-NP
+extension NN I-NP
+of IN B-PP
+the DT B-NP
+Marlowe NNP I-NP
+chronicle NN I-NP
+, , O
+full JJ B-ADJP
+of IN B-PP
+hard-boiled JJ B-NP
+wisecracks NNS I-NP
+and CC O
+California NNP B-NP
+color NN I-NP
+. . O
+
+If IN B-SBAR
+it PRP B-NP
+does VBZ B-VP
+not RB I-VP
+quite RB I-VP
+have VB I-VP
+Chandler NNP B-NP
+'s POS B-NP
+special JJ I-NP
+magic NN I-NP
+-- : O
+well RB B-INTJ
+, , O
+at IN B-PP
+the DT B-NP
+end NN I-NP
+, , O
+neither DT O
+did VBD O
+Chandler NNP B-NP
+. . O
+
+As IN B-SBAR
+the DT B-NP
+book NN I-NP
+begins VBZ B-VP
+, , O
+a DT B-NP
+newly RB I-NP
+wed VBN I-NP
+Marlowe NNP I-NP
+roars VBZ B-VP
+into IN B-PP
+the DT B-NP
+desert NN I-NP
+resort NN I-NP
+of IN B-PP
+Poodle NNP B-NP
+-LRB- ( O
+a.k.a JJ O
+. . O
+Palm NNP O
+-RRB- ) O
+Springs NNP B-NP
+at IN B-PP
+the DT B-NP
+wheel NN I-NP
+of IN B-PP
+a DT B-NP
+Cadillac NNP I-NP
+Fleetwood NNP I-NP
+. . O
+
+His PRP$ B-NP
+bride NN I-NP
+is VBZ B-VP
+the DT B-NP
+rich JJ I-NP
+and CC I-NP
+beautiful JJ I-NP
+Linda NNP I-NP
+Loring NNP I-NP
+, , O
+a DT B-NP
+character NN I-NP
+who WP B-NP
+also RB B-ADVP
+appeared VBD B-VP
+in IN B-PP
+Chandler NNP B-NP
+'s POS B-NP
+`` `` I-NP
+The DT I-NP
+Long NNP I-NP
+Goodbye NNP I-NP
+'' '' I-NP
+and CC I-NP
+`` `` I-NP
+Playback NNP I-NP
+. . O
+'' '' O
+
+Philip NNP B-NP
+and CC I-NP
+Linda NNP I-NP
+move NN B-VP
+into IN B-PP
+her PRP$ B-NP
+mansion NN I-NP
+and CC O
+ca MD B-VP
+n't RB I-VP
+keep VB I-VP
+their PRP$ B-NP
+hands NNS I-NP
+off IN B-PP
+each DT B-NP
+other NN I-NP
+, , O
+even RB B-ADVP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+the DT B-NP
+Hawaiian\/Japanese JJ I-NP
+houseman NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+lovebirds NNS I-NP
+have VBP B-VP
+a DT B-NP
+conflict NN I-NP
+. . O
+
+He PRP B-NP
+wants VBZ B-VP
+to TO I-VP
+continue VB I-VP
+being VBG I-VP
+a DT B-NP
+low-paid JJ I-NP
+private JJ I-NP
+eye NN I-NP
+, , O
+and CC O
+she PRP B-NP
+wants VBZ B-VP
+him PRP B-NP
+to TO B-VP
+live VB I-VP
+off IN B-PP
+the DT B-NP
+million CD I-NP
+dollars NNS I-NP
+she PRP B-NP
+'s VBZ B-VP
+settled VBD I-VP
+on IN B-PP
+him PRP B-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+Chandler NNP B-NP
+'s POS B-NP
+setup NN I-NP
+. . O
+
+Mr. NNP B-NP
+Parker NNP I-NP
+spins VBZ B-VP
+it PRP B-NP
+into IN B-PP
+a DT B-NP
+pretty RB I-NP
+satisfying JJ I-NP
+tale NN I-NP
+involving VBG B-VP
+Poodle NNP B-NP
+Springs NNP I-NP
+high JJ I-NP
+life NN I-NP
+, , O
+Hollywood NNP B-NP
+low JJ I-NP
+life NN I-NP
+and CC O
+various JJ B-NP
+folk NN I-NP
+who WP B-NP
+hang VBP B-VP
+their PRP$ B-NP
+hats NNS I-NP
+in IN B-PP
+both DT B-NP
+worlds NNS I-NP
+. . O
+
+The DT B-NP
+supporting VBG I-NP
+lineup NN I-NP
+is VBZ B-VP
+solid JJ B-ADJP
+, , O
+the DT B-NP
+patter NN I-NP
+is VBZ B-VP
+amusing JJ B-ADJP
+and CC O
+there EX B-NP
+'s VBZ B-VP
+even RB B-ADVP
+a DT B-NP
+cameo NN I-NP
+by IN B-PP
+Bernie NNP B-NP
+Ohls NNP I-NP
+, , O
+the DT B-NP
+`` `` I-NP
+good JJ I-NP
+cop NN I-NP
+'' '' O
+of IN B-PP
+previous JJ B-NP
+Chandler NNP I-NP
+books NNS I-NP
+who WP B-NP
+still RB B-ADVP
+does VBZ B-VP
+n't RB I-VP
+hesitate VB I-VP
+to TO I-VP
+have VB I-VP
+Marlowe NNP B-NP
+jailed VBN B-VP
+when WRB B-ADVP
+it PRP B-NP
+suits VBZ B-VP
+his PRP$ B-NP
+purposes NNS I-NP
+. . O
+
+The DT B-NP
+style NN I-NP
+throughout IN I-NP
+bears VBZ B-VP
+a DT B-NP
+strong JJ I-NP
+resemblance NN I-NP
+to TO B-PP
+Chandler NNP B-NP
+'s POS B-NP
+prose NN I-NP
+at IN B-PP
+its PRP$ B-NP
+most RBS I-NP
+pared VBN I-NP
+down RB B-PRT
+. . O
+
+All DT B-NP
+told VBD B-VP
+, , O
+Mr. NNP B-NP
+Parker NNP I-NP
+does VBZ B-VP
+a DT B-NP
+better JJR I-NP
+job NN I-NP
+of IN B-PP
+making VBG B-VP
+a DT B-NP
+novel NN I-NP
+out IN B-PP
+of IN B-PP
+this DT B-NP
+abandoned VBN I-NP
+fragment NN I-NP
+than IN B-SBAR
+anyone NN B-NP
+might MD B-VP
+have VB I-VP
+had VBN I-VP
+a DT B-NP
+right NN I-NP
+to TO B-VP
+expect VB I-VP
+. . O
+
+But CC O
+there EX B-NP
+are VBP B-VP
+grounds NNS B-NP
+for IN B-PP
+complaint NN B-NP
+. . O
+
+At IN B-PP
+one CD B-NP
+point NN I-NP
+, , O
+the DT B-NP
+reader NN I-NP
+is VBZ B-VP
+two CD B-NP
+steps NNS I-NP
+ahead RB B-ADVP
+of IN B-PP
+Marlowe NNP B-NP
+in IN B-PP
+catching VBG B-VP
+on IN B-PRT
+to TO B-PP
+a DT B-NP
+double JJ I-NP
+identity NN I-NP
+scam NN I-NP
+-- : O
+and CC O
+Marlowe NNP B-NP
+is VBZ B-VP
+supposed VBN I-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+pro FW I-NP
+. . O
+
+More RBR B-ADVP
+bothersome JJ I-ADVP
+, , O
+there EX B-NP
+are VBP B-VP
+several JJ B-NP
+apparent JJ I-NP
+anachronisms NNS I-NP
+. . O
+
+Contact NN B-NP
+lenses NNS I-NP
+, , O
+tank NN B-NP
+tops NNS I-NP
+, , O
+prostitutes NNS B-NP
+openly RB B-VP
+working VBG I-VP
+the DT B-NP
+streets NNS I-NP
+of IN B-PP
+Hollywood NNP B-NP
+and CC O
+the DT B-NP
+Tequila NNP I-NP
+Sunrise NNP I-NP
+cocktail NN I-NP
+all DT B-NP
+seem VB B-VP
+out IN B-PP
+of IN B-PP
+place NN B-NP
+in IN B-PP
+the DT B-NP
+1950s CD I-NP
+. . O
+
+A DT B-NP
+little RB I-NP
+more JJR B-NP
+care NN I-NP
+in IN B-PP
+re-creating NN B-VP
+Marlowe NNP B-NP
+'s POS B-NP
+universe NN I-NP
+would MD B-VP
+have VB I-VP
+made VBN I-VP
+the DT B-NP
+book NN I-NP
+that IN B-ADJP
+much RB I-ADJP
+more RBR I-ADJP
+enjoyable JJ I-ADJP
+. . O
+
+Mr. NNP B-NP
+Nolan NNP I-NP
+is VBZ B-VP
+a DT B-NP
+contributing VBG I-NP
+editor NN I-NP
+at IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+Magazine NNP I-NP
+. . O
+
+Ko NNP B-NP
+Shioya NNP I-NP
+spent VBD B-VP
+eight CD B-NP
+years NNS I-NP
+as IN B-PP
+the DT B-NP
+editor NN I-NP
+in IN B-PP
+chief NN B-NP
+of IN B-PP
+the DT B-NP
+Japanese JJ I-NP
+edition NN I-NP
+of IN B-PP
+Reader NNP B-NP
+'s POS B-NP
+Digest NNP I-NP
+. . O
+
+`` `` O
+Japan NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+major JJ I-NP
+importer NN I-NP
+of IN B-PP
+foreign JJ B-NP
+information NN I-NP
+and CC I-NP
+news NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Shioya NNP I-NP
+. . O
+
+`` `` O
+But CC O
+one CD B-NP
+gets VBZ B-VP
+fed VBN I-VP
+up IN B-PRT
+with IN B-PP
+importing VBG B-VP
+information NN B-NP
+and CC I-NP
+news NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Shioya NNP I-NP
+has VBZ B-VP
+turned VBN I-VP
+the DT B-NP
+tables NNS I-NP
+. . O
+
+Today NN B-NP
+, , O
+he PRP B-NP
+is VBZ B-VP
+publisher NN B-NP
+of IN B-PP
+Business NNP B-NP
+Tokyo NNP I-NP
+magazine NN I-NP
+, , O
+the DT B-NP
+first JJ I-NP
+English-language JJ I-NP
+business NN I-NP
+magazine NN I-NP
+devoted VBN B-VP
+to TO B-PP
+coverage NN B-NP
+of IN B-PP
+Japanese JJ B-NP
+business NN I-NP
+. . O
+
+After IN B-PP
+a DT B-NP
+slick JJ I-NP
+redesign NN I-NP
+, , O
+the DT B-NP
+two-year-old JJ I-NP
+magazine NN I-NP
+has VBZ B-VP
+been VBN I-VP
+relaunched VBN I-VP
+this DT B-NP
+month NN I-NP
+by IN B-PP
+its PRP$ B-NP
+parent NN I-NP
+company NN I-NP
+, , O
+Keizaikai NNP B-NP
+Corp. NNP I-NP
+, , O
+the DT B-NP
+Tokyo-based JJ I-NP
+company NN I-NP
+with IN B-PP
+interests NNS B-NP
+that WDT B-NP
+include VBP B-VP
+financial JJ B-NP
+services NNS I-NP
+, , O
+book NN B-NP
+publishing NN I-NP
+and CC O
+a DT B-NP
+tourist NN I-NP
+agency NN I-NP
+. . O
+
+Printed JJ B-VP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+carrying VBG B-VP
+the DT O
+line NN O
+`` `` O
+The DT B-NP
+Insider NNP I-NP
+'s POS B-NP
+Japan NNP I-NP
+, , O
+'' '' O
+Business NNP B-NP
+Tokyo NNP I-NP
+'s POS B-NP
+October NNP I-NP
+cover NN I-NP
+story NN I-NP
+was VBD B-VP
+`` `` O
+The DT B-NP
+World NNP I-NP
+'s POS B-NP
+No. NN I-NP
+1 CD I-NP
+Customer NN I-NP
+'' '' O
+-- : O
+Japanese JJ B-NP
+women NNS I-NP
+. . O
+
+Keizaikai NNP B-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+a DT B-NP
+small JJ I-NP
+but CC I-NP
+growing VBG I-NP
+band NN I-NP
+of IN B-PP
+Japanese JJ B-NP
+companies NNS I-NP
+taking VBG B-VP
+their PRP$ B-NP
+first JJ I-NP
+steps NNS I-NP
+into IN B-PP
+American JJ B-NP
+publishing NN I-NP
+, , O
+after IN B-PP
+making VBG B-VP
+major JJ B-NP
+investments NNS I-NP
+in IN B-PP
+entertainment NN B-NP
+, , I-NP
+real JJ I-NP
+estate NN I-NP
+and CC I-NP
+banking NN I-NP
+companies NNS I-NP
+here RB B-ADVP
+. . O
+
+Japanese JJ B-NP
+concerns NNS I-NP
+have VBP B-VP
+retained VBN I-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+publishing NN B-NP
+consultants NNS I-NP
+and CC O
+media NNS B-NP
+brokers NNS I-NP
+to TO B-VP
+study VB I-VP
+the DT B-NP
+U.S. NNP I-NP
+market NN I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+New NNP I-NP
+York-based JJ I-NP
+investment NN I-NP
+banker NN I-NP
+Veronis NNP B-NP
+, , I-NP
+Suhler NNP I-NP
+& CC I-NP
+Associates NNPS I-NP
+. . O
+
+And CC O
+they PRP B-NP
+are VBP B-VP
+quietly RB I-VP
+linking VBG I-VP
+up IN B-PRT
+with IN B-PP
+U.S. NNP B-NP
+publishing NN I-NP
+trade NN I-NP
+groups NNS I-NP
+. . O
+
+`` `` O
+Japanese JJ B-NP
+publishers NNS I-NP
+want VBP B-VP
+to TO I-VP
+be VB I-VP
+introduced VBN I-VP
+to TO B-PP
+the DT B-NP
+publishing NN I-NP
+and CC I-NP
+information NN I-NP
+industries NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+John NNP B-NP
+Veronis NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Veronis NNP B-NP
+Suhler NNP I-NP
+. . O
+
+While IN B-SBAR
+there EX B-NP
+are VBP B-VP
+n't RB O
+any DT B-NP
+major JJ I-NP
+deals NNS I-NP
+in IN B-PP
+the DT B-NP
+works NNS I-NP
+currently RB B-ADVP
+on IN B-PP
+the DT B-NP
+scale NN I-NP
+of IN B-PP
+Sony NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+recent JJ O
+$ $ B-ADJP
+3.4 CD O
+billion CD O
+agreement NN B-NP
+to TO B-VP
+buy VB I-VP
+Columbia NNP B-NP
+Pictures NNP I-NP
+Entertainment NNP I-NP
+Inc. NNP I-NP
+, , O
+observers NNS B-NP
+do VBP B-VP
+n't RB I-VP
+rule VB I-VP
+out RP B-PRT
+a DT B-NP
+transaction NN I-NP
+of IN B-PP
+that DT B-NP
+size NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+Japanese JJ I-NP
+take NN B-VP
+the DT B-NP
+long JJ I-NP
+view NN I-NP
+. . O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Veronis NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+weeks NNS B-NP
+or CC I-NP
+months NNS I-NP
+, , O
+but CC O
+they PRP B-NP
+are VBP B-VP
+also RB B-ADVP
+opportunistic JJ B-ADJP
+and CC O
+if IN B-SBAR
+they PRP B-NP
+feel VBP B-VP
+comfortable JJ B-ADJP
+, , O
+they PRP B-NP
+will MD B-VP
+move VB I-VP
+on IN B-PP
+a DT B-NP
+deal NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+months NNS I-NP
+, , O
+three CD B-NP
+big JJ I-NP
+Tokyo-based JJ I-NP
+publishing NN I-NP
+concerns NNS I-NP
+-- : O
+including VBG B-PP
+Nikkei NNP B-NP
+Business NNP I-NP
+Publications NNPS I-NP
+, , O
+Nikkei NNP B-NP
+Home NNP I-NP
+-LRB- ( O
+no DT B-NP
+relation NN I-NP
+-RRB- ) O
+, , O
+and CC O
+Magazine NNP B-NP
+House NNP I-NP
+-- : O
+applied VBN B-VP
+for IN B-PP
+membership NN B-NP
+in IN B-PP
+Magazine NNP B-NP
+Publishers NNPS I-NP
+of IN B-PP
+America NNP B-NP
+, , O
+which WDT B-NP
+represents VBZ B-VP
+almost RB B-NP
+all DT I-NP
+U.S. NNP I-NP
+consumer NN I-NP
+magazines NNS I-NP
+. . O
+
+Japanese JJ B-NP
+involvement NN I-NP
+in IN B-PP
+American JJ B-NP
+publishing NN I-NP
+has VBZ B-VP
+been VBN I-VP
+so RB B-ADJP
+small JJ I-ADJP
+to TO B-PP
+date VB B-NP
+that IN B-SBAR
+magazines NNS B-NP
+such JJ B-PP
+as IN I-PP
+Business NNP B-NP
+Tokyo NNP I-NP
+are VBP B-VP
+considered VBN I-VP
+groundbreakers NNS B-NP
+. . O
+
+When WRB B-ADVP
+Keizaikai NNP B-NP
+launched VBD B-VP
+Business NNP B-NP
+Tokyo NNP I-NP
+in IN B-PP
+1987 CD B-NP
+, , O
+it PRP B-NP
+appealed VBD B-VP
+to TO B-PP
+a DT B-NP
+more RBR I-NP
+multinational JJ I-NP
+audience NN I-NP
+. . O
+
+The DT B-NP
+magazine NN I-NP
+was VBD B-VP
+overhauled VBN I-VP
+with IN B-PP
+the DT B-NP
+aid NN I-NP
+of IN B-PP
+American JJ B-NP
+magazine NN I-NP
+design NN I-NP
+gurus NNS I-NP
+Milton NNP I-NP
+Glaser NNP I-NP
+and CC I-NP
+Walter NNP I-NP
+Bernard NNP I-NP
+, , O
+and CC O
+targets NNS B-VP
+top-level JJ B-NP
+U.S. NNP I-NP
+executives NNS I-NP
+with IN B-PP
+Japanese JJ B-NP
+and CC I-NP
+American JJ I-NP
+advertisers NNS I-NP
+. . O
+
+American JJ B-NP
+publishers NNS I-NP
+appear VBP B-VP
+more JJR B-ADJP
+than IN I-ADJP
+ready JJ I-ADJP
+to TO B-VP
+do VB I-VP
+some DT B-NP
+selling NN I-NP
+. . O
+
+Susumu NNP B-NP
+Ohara NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Nihon NNP B-NP
+Keizai NNP I-NP
+Shinbun NNP I-NP
+America NNP I-NP
+Inc. NNP I-NP
+, , O
+publisher NN B-NP
+of IN B-PP
+the DT B-NP
+Japan NNP I-NP
+Economic NNP I-NP
+Journal NNP I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+receives VBZ B-VP
+telephone NN B-NP
+calls VBZ I-NP
+weekly JJ B-ADVP
+from IN B-PP
+media NNS B-NP
+bankers NNS I-NP
+on IN B-PP
+whether IN O
+his PRP$ B-NP
+parent NN I-NP
+company NN I-NP
+is VBZ B-VP
+interested JJ B-ADJP
+in IN B-PP
+buying VBG B-VP
+a DT B-NP
+U.S. NNP I-NP
+consumer NN I-NP
+or CC I-NP
+business NN I-NP
+magazine NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+Japanese JJ I-NP
+are VBP B-VP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+stage NN I-NP
+right RB B-ADVP
+now RB I-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Thomas NNP B-NP
+Kenney NNP I-NP
+, , O
+a DT B-NP
+onetime JJ I-NP
+media NNS I-NP
+adviser NN I-NP
+for IN B-PP
+First NNP B-NP
+Boston NNP I-NP
+Corp. NNP I-NP
+who WP B-NP
+was VBD B-VP
+recently RB I-VP
+appointed VBN I-VP
+president NN B-NP
+of IN B-PP
+Reader NNP B-NP
+'s POS B-NP
+Digest NNP I-NP
+Association NNP I-NP
+'s POS B-NP
+new JJ I-NP
+Magazine NNP I-NP
+Publishing NNP I-NP
+Group NNP I-NP
+. . O
+
+`` `` O
+Before IN B-ADVP
+, , O
+they PRP B-NP
+were VBD B-VP
+interested JJ B-ADJP
+in IN B-PP
+hard JJ B-NP
+assets NNS I-NP
+and CC O
+they PRP B-NP
+saw VBD B-VP
+magazines NNS B-NP
+as IN B-PP
+soft JJ B-ADJP
+. . O
+
+Now RB B-ADVP
+they PRP B-NP
+realize VBP B-VP
+magazines NNS B-NP
+are VBP B-VP
+as IN B-NP
+much JJ I-NP
+a DT I-NP
+franchise NN I-NP
+as IN B-SBAR
+Nabisco NNP B-NP
+is VBZ B-VP
+a DT B-NP
+franchise NN I-NP
+. . O
+
+Bell NNP B-NP
+Atlantic NNP I-NP
+Corp. NNP I-NP
+and CC O
+Southern NNP B-NP
+New NNP I-NP
+England NNP I-NP
+Telecommunications NNPS I-NP
+posted VBD B-VP
+strong JJ B-NP
+profit NN I-NP
+gains NNS I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+while IN B-SBAR
+Nynex NNP B-NP
+Corp. NNP I-NP
+, , O
+Pacific NNP B-NP
+Telesis NNP I-NP
+Group NNP I-NP
+and CC O
+U NNP B-NP
+S NNP I-NP
+West NNP I-NP
+Inc. NNP I-NP
+reported VBD B-VP
+earnings NNS B-NP
+declines NNS I-NP
+for IN B-PP
+the DT B-NP
+period NN I-NP
+. . O
+
+Rate NN B-NP
+settlements NNS I-NP
+in IN B-PP
+Minnesota NNP B-NP
+and CC I-NP
+Colorado NNP I-NP
+depressed JJ B-VP
+U NNP B-NP
+S NNP I-NP
+West NNP I-NP
+'s POS B-NP
+third-quarter JJ I-NP
+profit NN I-NP
+. . O
+
+Denver-based NNP B-NP
+U NNP I-NP
+S NNP I-NP
+West NNP I-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+dropped VBD B-VP
+8.9 CD B-NP
+% NN I-NP
+, , O
+noting VBG B-VP
+that IN B-SBAR
+the DT B-NP
+year-ago JJ I-NP
+quarter NN I-NP
+included VBD B-VP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+a DT B-NP
+building NN I-NP
+by IN B-PP
+its PRP$ B-NP
+BetaWest NNP I-NP
+Properties NNP I-NP
+unit NN I-NP
+. . O
+
+Revenue NN B-NP
+dropped VBD B-VP
+4.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.3 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.4 CD I-NP
+billion CD I-NP
+, , O
+reflecting VBG B-VP
+declines NNS B-NP
+in IN B-PP
+its PRP$ B-NP
+consumer-telephone JJ I-NP
+sector NN I-NP
+, , I-NP
+long-distance JJ I-NP
+carrier NN I-NP
+business NN I-NP
+and CC I-NP
+diversified JJ I-NP
+division NN I-NP
+. . O
+
+Revenue NN B-NP
+from IN B-PP
+business-telephone JJ B-NP
+operations NNS I-NP
+grew VBD B-VP
+3.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+618.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+599.4 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+New JJ B-NP
+telephone NN I-NP
+lines NNS I-NP
+posted VBD B-VP
+healthy JJ B-NP
+growth NN I-NP
+. . O
+
+Overall RB B-ADVP
+they PRP B-NP
+increased VBD B-VP
+2.8 CD B-NP
+% NN I-NP
+to TO B-PP
+12.1 CD B-NP
+million CD I-NP
+, , O
+putting VBG B-VP
+U NNP B-NP
+S NNP I-NP
+West NNP I-NP
+over IN B-PP
+the DT B-NP
+12 CD I-NP
+million CD I-NP
+mark NN I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+. . O
+
+Business NN B-NP
+lines NNS I-NP
+increased VBN B-VP
+3.7 CD B-NP
+% NN I-NP
+to TO B-PP
+3.3 CD B-NP
+million CD I-NP
+. . O
+
+`` `` O
+On IN B-PP
+a DT B-NP
+truly RB I-NP
+comparable JJ I-NP
+basis NN I-NP
+, , O
+we PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+modest JJ B-NP
+earnings NNS I-NP
+growth NN I-NP
+this DT B-NP
+year NN I-NP
+from IN B-PP
+the DT B-NP
+operations NNS I-NP
+of IN B-PP
+our PRP$ B-NP
+company NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Jack NNP B-NP
+MacAllister NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+major JJ I-NP
+negative JJ I-NP
+factor NN I-NP
+was VBD B-VP
+the DT B-NP
+cumulative JJ I-NP
+impact NN I-NP
+of IN B-PP
+regulatory JJ B-NP
+activity NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+two CD I-NP
+years NNS I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+expects VBZ B-VP
+to TO I-VP
+be VB I-VP
+`` `` O
+on IN B-PP
+target NN B-NP
+'' '' O
+with IN B-PP
+analysts NNS B-NP
+' POS B-NP
+projections NNS I-NP
+by IN B-PP
+year NN B-NP
+end NN I-NP
+but CC O
+conceded VBD B-VP
+that IN B-SBAR
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+represents VBZ B-VP
+`` `` O
+a DT B-NP
+significant JJ I-NP
+challenge NN I-NP
+. . O
+'' '' O
+
+Expenses NNS B-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+dropped VBD B-VP
+11.2 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+664.3 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+747.7 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Yesterday NN B-NP
+, , O
+U NNP B-NP
+S NNP I-NP
+West NNP I-NP
+shares NNS I-NP
+rose VBD B-VP
+75 CD B-NP
+cents NNS I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+71.25 CD I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+. . O
+
+Philadelphia-based JJ B-NP
+Bell NNP I-NP
+Atlantic NNP I-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+6.5 CD B-NP
+% NN I-NP
+, , O
+aided VBN B-VP
+by IN B-PP
+strong JJ B-NP
+growth NN I-NP
+in IN B-PP
+the DT B-NP
+network-services JJ I-NP
+business NN I-NP
+and CC O
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+new JJ B-NP
+telephone NN I-NP
+lines NNS I-NP
+. . O
+
+Revenue NN B-NP
+jumped VBD B-VP
+5.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.9 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.8 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+quarter NN I-NP
+. . O
+
+Revenue NN B-NP
+from IN B-PP
+financial JJ B-NP
+and CC I-NP
+real-estate NN I-NP
+services NNS I-NP
+jumped VBD B-VP
+23 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+177.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+144.1 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Network-access JJ B-NP
+revenue NN I-NP
+from IN B-PP
+long-distance JJ B-NP
+telephone NN I-NP
+companies NNS I-NP
+increased VBN B-VP
+6.4 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+618.6 CD I-NP
+million CD I-NP
+. . O
+
+Bell NNP B-NP
+Atlantic NNP I-NP
+added VBD B-VP
+148,000 CD B-NP
+new JJ I-NP
+telephone NN I-NP
+lines NNS I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+for IN B-PP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+16.9 CD B-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+per-share JJ B-NP
+earnings NNS I-NP
+were VBD B-VP
+slightly RB I-VP
+reduced VBN I-VP
+by IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+4.1 CD B-NP
+million CD I-NP
+shares NNS I-NP
+of IN B-PP
+treasury NN B-NP
+stock NN I-NP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+'s POS I-NP
+newly RB B-ADJP
+formed VBN I-ADJP
+Employee NNP B-NP
+Stock NNP I-NP
+Ownership NNP I-NP
+Plans NNS I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+, , O
+Bell NNP B-NP
+Atlantic NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+100.625 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.50 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+At IN B-PP
+Nynex NNP B-NP
+, , O
+net NN B-NP
+slumped VBD B-VP
+14.8 CD B-NP
+% NN I-NP
+, , O
+primarily RB B-ADVP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+continuing VBG I-NP
+strike NN I-NP
+by IN B-PP
+60,000 CD B-NP
+employees NNS I-NP
+, , O
+lower-than-expected JJ B-NP
+profit NN I-NP
+at IN B-PP
+its PRP$ B-NP
+New NNP I-NP
+York NNP I-NP
+Telephone NNP I-NP
+unit NN I-NP
+and CC O
+significantly RB B-NP
+higher JJR I-NP
+taxes NNS I-NP
+and CC I-NP
+costs NNS I-NP
+. . O
+
+State NNP B-NP
+and CC I-NP
+local JJ I-NP
+taxes NNS I-NP
+increased VBN B-VP
+to TO B-PP
+$ $ B-NP
+131.3 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+99.1 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Nynex NNP B-NP
+said VBD B-VP
+expenses NNS B-NP
+rose VBD B-VP
+4.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.73 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.61 CD I-NP
+billion CD I-NP
+, , O
+a DT B-NP
+$ $ I-NP
+119 CD I-NP
+million CD I-NP
+increase NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+higher JJR I-NP
+costs NNS I-NP
+were VBD B-VP
+associated VBN I-VP
+with IN B-PP
+acquisitions NNS B-NP
+and CC O
+growth NN B-NP
+in IN B-PP
+nonregulated JJ B-NP
+business NN I-NP
+units NNS I-NP
+, , O
+it PRP B-NP
+added VBD B-VP
+. . O
+
+`` `` O
+Our PRP$ B-NP
+net JJ I-NP
+income NN I-NP
+is VBZ B-VP
+n't RB O
+where WRB B-ADVP
+we PRP B-NP
+would MD B-VP
+want VB I-VP
+it PRP B-NP
+to TO B-VP
+be VB I-VP
+at IN B-PP
+this DT B-NP
+point NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+William NNP B-NP
+C. NNP I-NP
+Ferguson NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+`` `` O
+This DT B-NP
+deviation NN I-NP
+from IN B-PP
+our PRP$ B-NP
+past JJ I-NP
+growth NN I-NP
+patterns NNS I-NP
+is VBZ B-VP
+caused VBN I-VP
+largely RB B-ADVP
+by IN B-PP
+lower JJR B-NP
+earnings NNS I-NP
+at IN B-PP
+New NNP B-NP
+York NNP I-NP
+Telephone NNP I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Ferguson NNP I-NP
+said VBD B-VP
+a DT B-NP
+continued VBN I-NP
+softness NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+City NNP I-NP
+area NN I-NP
+'s POS B-NP
+economy NN I-NP
+and CC O
+increased VBN B-NP
+competition NN I-NP
+, , O
+particularly RB B-ADVP
+in IN B-PP
+the DT B-NP
+private-line JJ I-NP
+market NN I-NP
+, , O
+took VBD B-VP
+a DT B-NP
+heavy JJ I-NP
+toll NN I-NP
+on IN B-PP
+earnings NNS B-NP
+. . O
+
+The DT B-NP
+three-month-old JJ I-NP
+strike NN I-NP
+at IN B-PP
+Nynex NNP B-NP
+seriously RB B-ADVP
+hurt VBD B-VP
+the DT B-NP
+installation NN I-NP
+of IN B-PP
+new JJ B-NP
+telephone NN I-NP
+lines NNS I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+. . O
+
+Nynex NNP B-NP
+said VBD B-VP
+access NN B-NP
+lines NNS I-NP
+in IN B-PP
+service NN B-NP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+quarter NN I-NP
+were VBD B-VP
+off IN B-ADVP
+18,000 CD B-NP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+quarter NN I-NP
+, , O
+which WDT B-NP
+reported VBD B-VP
+an DT B-NP
+increase NN I-NP
+of IN B-PP
+160,000 CD B-NP
+new JJ I-NP
+access NN I-NP
+lines NNS I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+3.31 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+3.18 CD I-NP
+billion CD I-NP
+, , O
+mostly RB B-ADVP
+from IN B-PP
+acquisition NN B-NP
+of IN B-PP
+AGS NNP B-NP
+Computers NNPS I-NP
+and CC O
+robust JJ B-NP
+non-regulated JJ I-NP
+businesses NNS I-NP
+. . O
+
+In IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+Nynex NNP B-NP
+common NN I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+81.125 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.625 CD I-NP
+. . O
+
+Southern NNP B-NP
+New NNP I-NP
+England NNP I-NP
+Telecommunications NNPS I-NP
+, , O
+which WDT B-NP
+bolstered VBD B-VP
+its PRP$ B-NP
+marketing NN I-NP
+efforts NNS I-NP
+for IN B-PP
+telephone NN B-NP
+and CC I-NP
+non-telephone JJ I-NP
+subsidiaries NNS I-NP
+, , O
+reported VBD B-VP
+that IN O
+net JJ B-NP
+increased VBN B-VP
+8.1 CD B-NP
+% NN I-NP
+. . O
+
+Walter NNP B-NP
+H. NNP I-NP
+Monteith NNP I-NP
+Jr. NNP I-NP
+, , O
+SNET NNP B-NP
+chairman NN I-NP
+and CC I-NP
+chief JJ I-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+said VBD B-VP
+: : O
+`` `` O
+Innovative JJ B-NP
+marketing NN I-NP
+of IN B-PP
+our PRP$ B-NP
+products NNS I-NP
+and CC I-NP
+services NNS I-NP
+contributed VBD B-VP
+to TO I-VP
+increase VB I-VP
+revenue NN B-NP
+. . O
+'' '' O
+
+Revenue NN B-NP
+and CC I-NP
+sales NNS I-NP
+increased VBN B-VP
+7.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+423.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+394.4 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Yellow JJ B-NP
+pages NNS I-NP
+advertising NN I-NP
+sales NNS I-NP
+rose VBD B-VP
+11.8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+41.2 CD I-NP
+million CD I-NP
+. . O
+
+Cost NN B-NP
+and CC I-NP
+expenses NNS I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+excluding VBG B-PP
+interest NN B-NP
+, , O
+increased VBN B-VP
+6.1 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+333.3 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+314 CD I-NP
+million CD I-NP
+the DT B-NP
+year NN I-NP
+before RB B-ADVP
+. . O
+
+SNET NNP B-NP
+common NN I-NP
+rose VBD B-VP
+$ $ B-NP
+1.25 CD I-NP
+to TO B-PP
+$ $ B-NP
+85.50 CD I-NP
+a DT B-NP
+share NN I-NP
+yesterday NN B-NP
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+. . O
+
+San NNP B-NP
+Francisco-based JJ I-NP
+Pacific NNP I-NP
+Telesis NNP I-NP
+said VBD B-VP
+net NN B-NP
+declined VBD B-VP
+12.6 CD B-NP
+% NN I-NP
+, , O
+primarily RB B-ADVP
+because IN B-PP
+of IN I-PP
+regulatory JJ B-NP
+action NN I-NP
+. . O
+
+Revenue NN B-NP
+was VBD B-VP
+about IN B-ADJP
+flat JJ I-ADJP
+at IN B-PP
+$ $ B-NP
+2.4 CD I-NP
+billion CD I-NP
+. . O
+
+Revenue NN B-NP
+was VBD B-VP
+reduced VBN I-VP
+$ $ B-NP
+33 CD I-NP
+million CD I-NP
+by IN B-PP
+three CD B-NP
+extraordinary JJ I-NP
+items NNS I-NP
+: : O
+a DT B-NP
+California NNP I-NP
+Public NNP I-NP
+Utilities NNP I-NP
+Commission NNP I-NP
+refund NN I-NP
+for IN B-PP
+an DT B-NP
+American NNP I-NP
+Telephone NNP I-NP
+& CC I-NP
+Telegraph NNP I-NP
+Co. NNP I-NP
+billing NN I-NP
+adjustment NN I-NP
+; : O
+a DT B-NP
+provision NN I-NP
+for IN B-PP
+productivity NN B-NP
+sharing VBG I-NP
+to TO B-VP
+be VB I-VP
+paid VBN I-VP
+to TO B-PP
+customers NNS B-NP
+in IN B-PP
+1990 CD B-NP
+and CC O
+a DT B-NP
+one-time JJ I-NP
+accrual NN I-NP
+for IN B-PP
+a DT B-NP
+toll NN I-NP
+settlement NN I-NP
+with IN B-PP
+long-distance JJ B-NP
+telephone NN I-NP
+companies NNS I-NP
+. . O
+
+Excluding VBG B-PP
+the DT B-NP
+one-time JJ I-NP
+charges NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+would MD B-VP
+have VB I-VP
+posted VBN I-VP
+earnings NNS B-NP
+of IN B-PP
+$ $ B-NP
+298 CD I-NP
+million CD I-NP
+, , O
+or CC O
+73 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+was VBD B-VP
+hurt VBN I-VP
+by IN B-PP
+a DT B-NP
+$ $ I-NP
+289 CD I-NP
+million CD I-NP
+rate NN I-NP
+reduction NN I-NP
+that WDT B-NP
+went VBD B-VP
+into IN B-PP
+effect NN B-NP
+in IN B-PP
+1989 CD B-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+a DT B-NP
+good JJ I-NP
+quarter NN I-NP
+for IN B-PP
+us PRP B-NP
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+our PRP$ B-NP
+business NN I-NP
+fundamentals NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Sam NNP B-NP
+Ginn NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+Pacific NNP B-NP
+Telesis NNP I-NP
+said VBD B-VP
+new JJ B-NP
+telephone NN I-NP
+lines NNS I-NP
+increased VBN B-VP
+4.5 CD B-NP
+% NN I-NP
+for IN B-PP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+13.5 CD I-NP
+million CD I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+; : O
+toll NN B-NP
+calls VBZ I-NP
+increased VBN B-VP
+9.6 CD B-NP
+% NN I-NP
+to TO B-PP
+807 CD B-NP
+million CD I-NP
+and CC O
+minutes NNS B-NP
+of IN B-PP
+telephone NN B-NP
+usage NN I-NP
+increased VBN B-VP
+to TO B-PP
+9.9 CD B-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+Pacific NNP B-NP
+Telesis NNP I-NP
+common NN I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+45.50 CD I-NP
+, , O
+up IN B-ADVP
+87.5 CD B-NP
+cents NNS I-NP
+. . O
+
+a DT O
+- : O
+Includes VBZ B-VP
+a DT B-NP
+one-time JJ I-NP
+gain NN I-NP
+of IN B-PP
+$ $ B-NP
+88.7 CD I-NP
+million CD I-NP
+from IN B-PP
+a DT B-NP
+commonstock NN I-NP
+sale NN I-NP
+by IN B-PP
+U NNP B-NP
+S NNP I-NP
+West NNP I-NP
+'s POS B-NP
+U NNP I-NP
+S NNP I-NP
+West NNP I-NP
+New NNP I-NP
+Vector NNP I-NP
+Group NNP I-NP
+. . O
+
+b NN O
+- : O
+Includes VBZ B-VP
+a DT B-NP
+$ $ I-NP
+41.3 CD I-NP
+million CD I-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+FiberCom NNP B-NP
+. . O
+
+Amoco NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+plunged VBD B-VP
+39 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+336 CD I-NP
+million CD I-NP
+, , O
+or CC O
+65 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+as IN B-SBAR
+gasoline NN B-NP
+refining NN I-NP
+and CC I-NP
+marketing NN I-NP
+profits NNS I-NP
+lagged VBN B-VP
+substantially RB B-ADVP
+behind IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+record NN I-NP
+level NN I-NP
+. . O
+
+A DT B-NP
+charge NN I-NP
+of IN B-PP
+$ $ B-NP
+80 CD I-NP
+million CD I-NP
+related VBN B-VP
+to TO B-PP
+projected VBN B-NP
+environmental JJ I-NP
+costs NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+refining NN I-NP
+and CC I-NP
+marketing NN I-NP
+operations NNS I-NP
+further JJ B-ADVP
+depressed JJ B-VP
+results NNS B-NP
+. . O
+
+A DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+Amoco NNP B-NP
+completed VBD B-VP
+an DT B-NP
+environmental JJ I-NP
+analysis NN I-NP
+last JJ B-NP
+quarter NN I-NP
+but CC O
+that IN B-SBAR
+no DT B-NP
+single JJ I-NP
+clean-up JJ I-NP
+project NN I-NP
+was VBD B-VP
+responsible JJ B-ADJP
+. . O
+
+In IN B-PP
+the DT B-NP
+1988 CD I-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+the DT B-NP
+Chicago-based JJ I-NP
+oil NN I-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+552 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.07 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+rose VBD B-VP
+12 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+6.6 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+5.91 CD I-NP
+billion CD I-NP
+. . O
+
+Aside RB B-ADVP
+from IN B-PP
+the DT B-NP
+special JJ I-NP
+charge NN I-NP
+, , O
+Amoco NNP B-NP
+'s POS B-NP
+results NNS I-NP
+were VBD B-VP
+in IN B-PP
+line NN B-NP
+with IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+estimates NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+'s POS B-NP
+stock NN I-NP
+ended VBD B-VP
+at IN B-PP
+$ $ B-NP
+48.375 CD I-NP
+, , O
+up IN B-ADVP
+25 CD B-NP
+cents NNS I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+. . O
+
+Amoco NNP B-NP
+is VBZ B-VP
+the DT B-NP
+first JJ I-NP
+major JJ I-NP
+oil NN I-NP
+company NN I-NP
+to TO B-VP
+report VB I-VP
+third-quarter JJ B-NP
+results NNS I-NP
+. . O
+
+Analysts NNS B-NP
+expect VBP B-VP
+others NNS B-NP
+to TO B-VP
+show VB I-VP
+a DT B-NP
+similar JJ I-NP
+pattern NN I-NP
+. . O
+
+Generally RB B-ADVP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+overproduction NN B-NP
+of IN B-PP
+gasoline NN B-NP
+and CC O
+higher JJR B-NP
+crude JJ I-NP
+oil NN I-NP
+prices NNS I-NP
+pressured VBD B-VP
+profitability NN B-NP
+. . O
+
+The DT B-NP
+industry NN I-NP
+'s POS B-NP
+chemical NN I-NP
+profits NNS I-NP
+also RB B-ADVP
+declined VBD B-VP
+because IN B-SBAR
+excess JJ B-NP
+capacity NN I-NP
+has VBZ B-VP
+depressed JJ I-VP
+prices NNS B-NP
+. . O
+
+Gasoline NN B-NP
+margins NNS I-NP
+may MD B-VP
+rebound VB I-VP
+this DT B-NP
+quarter NN I-NP
+, , O
+some DT B-NP
+industry NN I-NP
+officials NNS I-NP
+say VBP B-VP
+, , O
+but CC O
+they PRP B-NP
+believe VBP B-VP
+chemical NN B-NP
+margins NNS I-NP
+could MD B-VP
+worsen VB I-VP
+. . O
+
+American NNP B-NP
+Petrofina NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Dallas-based JJ I-NP
+integrated VBN I-NP
+oil NN I-NP
+company NN I-NP
+, , O
+yesterday NN B-NP
+said VBD B-VP
+its PRP$ B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+declined VBN B-VP
+by IN B-PP
+more JJR B-NP
+than IN I-NP
+half NN I-NP
+. . O
+
+Fina NNP B-NP
+blamed VBD B-VP
+lower JJR B-NP
+chemical NN I-NP
+prices NNS I-NP
+, , O
+reduced VBN B-NP
+gasoline NN I-NP
+margins NNS I-NP
+and CC O
+refinery NN B-NP
+maintenance NN I-NP
+shutdowns NNS I-NP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+dropped VBD B-VP
+to TO B-PP
+$ $ B-NP
+15.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+98 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+35.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.66 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+2.2 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+711.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+696.1 CD I-NP
+million CD I-NP
+. . O
+
+Amoco NNP B-NP
+'s POS B-NP
+refining NN I-NP
+and CC I-NP
+marketing NN I-NP
+profit NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+134 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+319 CD I-NP
+million CD I-NP
+. . O
+
+Chemical JJ B-NP
+earnings NNS I-NP
+declined VBN B-VP
+by IN B-PP
+one-third NN B-NP
+to TO B-PP
+$ $ B-NP
+120 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+robust JJ I-NP
+levels NNS I-NP
+. . O
+
+Amoco NNP B-NP
+'s POS B-NP
+domestic JJ I-NP
+oil NN I-NP
+and CC I-NP
+natural JJ I-NP
+gas NN I-NP
+operations NNS I-NP
+recorded VBD B-VP
+a DT B-NP
+profit NN I-NP
+of IN B-PP
+$ $ B-NP
+104 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+compared VBN B-PP
+with IN B-PP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+5 NN I-NP
+million CD I-NP
+, , O
+`` `` O
+primarily RB B-ADVP
+on IN B-PP
+the DT B-NP
+strength NN I-NP
+of IN B-PP
+higher JJR B-NP
+crude JJ I-NP
+oil NN I-NP
+prices NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Chairman NNP B-NP
+Richard NNP I-NP
+M. NNP I-NP
+Morrow NNP I-NP
+. . O
+
+Amoco NNP B-NP
+also RB B-ADVP
+sharply RB B-ADVP
+boosted VBD B-VP
+natural-gas NN B-NP
+output NN I-NP
+, , O
+part NN B-NP
+of IN B-PP
+it PRP B-NP
+from IN B-PP
+properties NNS B-NP
+acquired VBN B-VP
+from IN B-PP
+Tenneco NNP B-NP
+Inc. NNP I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+But CC O
+foreign JJ B-NP
+exploration NN I-NP
+and CC I-NP
+production NN I-NP
+earnings NNS I-NP
+fell VBD B-VP
+sharply RB B-ADVP
+, , O
+to TO B-PP
+$ $ B-NP
+12 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+95 CD I-NP
+million CD I-NP
+. . O
+
+Higher JJR B-NP
+oil NN I-NP
+prices NNS I-NP
+were VBD B-VP
+n't RB O
+enough RB B-ADJP
+to TO B-VP
+offset VB I-VP
+a DT B-NP
+roughly RB I-NP
+$ $ I-NP
+20 CD I-NP
+million CD I-NP
+charge NN I-NP
+related VBN B-VP
+to TO B-PP
+a DT B-NP
+10 CD I-NP
+% NN I-NP
+reduction NN I-NP
+in IN B-PP
+Amoco NNP B-NP
+'s POS B-NP
+Canadian JJ I-NP
+work NN I-NP
+force NN I-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+increased VBN B-NP
+exploration NN I-NP
+expenses NNS I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Amoco NNP B-NP
+said VBD B-VP
+that IN B-SBAR
+net JJ B-NP
+income NN I-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+1.29 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.69 CD I-NP
+billion CD I-NP
+but CC O
+if IN B-SBAR
+unusual JJ B-NP
+items NNS I-NP
+are VBP B-VP
+excluded VBN I-VP
+, , O
+operations NNS B-NP
+produced VBN B-VP
+essentially RB B-NP
+flat JJ I-NP
+results NNS I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+12 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+19.93 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+17.73 CD I-NP
+billion CD I-NP
+. . O
+
+James NNP B-NP
+F. NNP I-NP
+Gero NNP I-NP
+, , O
+former JJ B-NP
+chairman NN I-NP
+and CC I-NP
+chief JJ I-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Varo NNP B-NP
+Inc. NNP I-NP
+, , O
+and CC O
+Richard NNP B-NP
+J. NNP I-NP
+Hatchett NNP I-NP
+III NNP I-NP
+, , O
+a DT B-NP
+Dallas NNP I-NP
+investment NN I-NP
+banker NN I-NP
+, , O
+were VBD B-VP
+elected VBN I-VP
+directors NNS B-NP
+of IN B-PP
+this DT B-NP
+medical-products NNS I-NP
+concern VBP I-NP
+, , O
+boosting VBG B-VP
+the DT B-NP
+board NN I-NP
+to TO B-PP
+seven CD B-NP
+members NNS I-NP
+. . O
+
+For IN B-PP
+retailers NNS B-NP
+, , O
+Christmas NNP B-NP
+, , B-NP
+not RB I-NP
+Halloween NNP B-NP
+, , O
+promises VBZ B-VP
+to TO I-VP
+be VB I-VP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+spookiest JJS I-NP
+season NN I-NP
+. . O
+
+Many JJ B-NP
+retailers NNS I-NP
+fear VBP B-VP
+a DT B-NP
+price NN I-NP
+war NN I-NP
+will MD B-VP
+erupt VB I-VP
+if IN B-SBAR
+cash-strapped JJ B-NP
+companies NNS I-NP
+such JJ B-PP
+as IN I-PP
+Campeau NNP B-NP
+Corp. NNP I-NP
+slash VB B-VP
+tags NNS B-NP
+to TO B-VP
+spur VB I-VP
+sales NNS B-NP
+. . O
+
+Concerns NNS B-NP
+about IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+, , O
+doubts VBZ B-NP
+about IN B-PP
+the DT B-NP
+economy NN I-NP
+in IN B-PP
+general JJ B-ADJP
+and CC O
+rising VBG B-NP
+competition NN I-NP
+from IN B-PP
+catalog NN B-NP
+companies NNS I-NP
+also RB B-ADVP
+haunt VBP B-VP
+store NN B-NP
+operators NNS I-NP
+. . O
+
+`` `` O
+Profits NNS B-NP
+at IN B-PP
+Christmas NNP B-NP
+could MD B-VP
+be VB I-VP
+under IN B-PP
+attack NN B-NP
+for IN B-PP
+every DT B-NP
+retailer NN I-NP
+, , O
+'' '' O
+asserts VBZ B-VP
+Norman NNP B-NP
+Abramson NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+of IN B-PP
+Clothestime NNP B-NP
+Inc. NNP I-NP
+, , O
+an DT B-NP
+off-price JJ I-NP
+chain NN I-NP
+. . O
+
+Even RB B-SBAR
+if IN I-SBAR
+there EX B-NP
+is VBZ B-VP
+n't RB O
+any DT B-NP
+widespread JJ I-NP
+discounting NN I-NP
+, , O
+the DT B-NP
+outlook NN I-NP
+for IN B-PP
+industry NN B-NP
+profits NNS I-NP
+is VBZ B-VP
+n't RB O
+good JJ B-ADJP
+. . O
+
+Management NNP B-NP
+Horizons NNP I-NP
+forecasts VBZ B-VP
+a DT B-NP
+1.4 CD I-NP
+% NN I-NP
+profit NN I-NP
+decline NN I-NP
+for IN B-PP
+non-auto JJ B-NP
+retailers NNS I-NP
+this DT B-NP
+year NN I-NP
+, , O
+after IN B-PP
+annual JJ B-NP
+drops NNS I-NP
+that WDT B-NP
+averaged VBD B-VP
+4.5 CD B-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+and CC I-NP
+1987 CD I-NP
+. . O
+
+`` `` O
+For IN B-PP
+the DT B-NP
+last JJ I-NP
+two CD I-NP
+and CC I-NP
+a DT I-NP
+half NN I-NP
+years NNS I-NP
+, , O
+retailing NN B-NP
+has VBZ B-VP
+been VBN I-VP
+in IN B-PP
+a DT B-NP
+mild JJ I-NP
+recession NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Carl NNP B-NP
+Steidtmann NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+at IN B-PP
+the DT B-NP
+Columbus NNP I-NP
+, , I-NP
+Ohio NNP I-NP
+, , I-NP
+consulting NN I-NP
+firm NN I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+, , O
+many JJ B-NP
+stores NNS I-NP
+are VBP B-VP
+entering VBG I-VP
+the DT B-NP
+Christmas NNP I-NP
+season NN I-NP
+in IN B-PP
+turmoil NN B-NP
+: : O
+Bonwit NNP B-NP
+Teller NNP I-NP
+and CC I-NP
+B. NNP I-NP
+Altman NNP I-NP
+parent NN I-NP
+L.J. NNP I-NP
+Hooker NNP I-NP
+Corp. NNP I-NP
+is VBZ B-VP
+operating VBG I-VP
+under IN B-PP
+Chapter NN B-NP
+11 CD I-NP
+of IN B-PP
+the DT B-NP
+federal JJ I-NP
+Bankruptcy NNP I-NP
+Code NNP I-NP
+; : O
+B.A.T NNP B-NP
+Industries NNP I-NP
+PLC NNP I-NP
+'s POS B-NP
+healthy JJ O
+Saks NNP O
+Fifth NNP O
+Avenue NNP O
+and CC O
+Marshall NNP B-NP
+Field NNP I-NP
+'s POS B-NP
+chains NNS I-NP
+are VBP B-VP
+on IN B-PP
+the DT B-NP
+auction NN I-NP
+block NN I-NP
+; : O
+Campeau NNP B-NP
+'s POS B-NP
+Bloomingdale NNP I-NP
+'s POS B-NP
+is VBZ B-VP
+also RB B-ADVP
+on IN B-PP
+the DT B-NP
+block NN I-NP
+. . O
+
+Industry NN B-NP
+observers NNS I-NP
+expect VBP B-VP
+a DT B-NP
+wide JJ I-NP
+divergence NN I-NP
+in IN B-PP
+performance NN B-NP
+. . O
+
+Stores NNS B-NP
+in IN B-PP
+a DT B-NP
+state NN I-NP
+of IN B-PP
+confusion NN B-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+fare VB I-VP
+poorly RB B-ADVP
+, , O
+and CC O
+to TO B-VP
+lose VB I-VP
+customers NNS B-NP
+to TO B-PP
+stable JJ B-NP
+chains NNS I-NP
+such JJ B-PP
+as IN I-PP
+Limited NNP B-NP
+Inc. NNP I-NP
+, , O
+May NNP B-NP
+Department NNP I-NP
+Stores NNP I-NP
+Co. NNP I-NP
+and CC O
+Dillard NNP B-NP
+Department NNP I-NP
+Stores NNP I-NP
+Inc. NNP I-NP
+, , O
+which WDT B-NP
+should MD B-VP
+do VB I-VP
+well RB B-ADVP
+. . O
+
+`` `` O
+There EX B-NP
+are VBP B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+very RB B-NP
+clear JJ I-NP
+winners NNS I-NP
+and CC O
+very RB B-NP
+clear JJ I-NP
+losers NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Cynthia NNP B-NP
+Turk NNP I-NP
+, , O
+a DT B-NP
+Touche NNP I-NP
+Ross NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+retail JJ I-NP
+consultant NN I-NP
+. . O
+
+Says VBZ B-VP
+Mr. NNP B-NP
+Steidtmann NNP I-NP
+: : O
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+looking VBG I-VP
+for IN B-PP
+a DT B-NP
+bi-polar JJ I-NP
+Christmas NNP I-NP
+. . O
+'' '' O
+
+Economists NNS B-NP
+expect VBP B-VP
+general JJ B-NP
+merchandise NN I-NP
+sales NNS I-NP
+in IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+to TO B-VP
+rise VB I-VP
+4.5 CD B-NP
+% NN I-NP
+to TO B-PP
+6 CD B-NP
+% NN I-NP
+from IN B-PP
+year-ago JJ B-NP
+figures NNS I-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Steidtmann NNP I-NP
+predicts VBZ B-VP
+that IN B-SBAR
+healthy JJ B-NP
+stores NNS I-NP
+hawking VBG B-VP
+mostly JJ B-NP
+apparel NN I-NP
+could MD B-VP
+ring VB I-VP
+up IN B-PRT
+gains NNS B-NP
+of IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+25 CD I-NP
+% NN I-NP
+to TO I-NP
+30 CD I-NP
+% NN I-NP
+. . O
+
+Troubled JJ B-NP
+chains NNS I-NP
+could MD B-VP
+see VB I-VP
+their PRP$ B-NP
+sales NNS I-NP
+drop NN B-VP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+8 CD I-NP
+% NN I-NP
+, , O
+he PRP B-NP
+believes VBZ B-VP
+, , O
+as IN B-SBAR
+managers NNS B-NP
+distracted VBN B-VP
+by IN B-PP
+fears NNS B-NP
+about IN B-PP
+the DT B-NP
+future NN I-NP
+allow VB B-VP
+their PRP$ B-NP
+stores NNS I-NP
+to TO B-VP
+get VB I-VP
+sloppy JJ B-ADJP
+. . O
+
+Thin JJ B-NP
+merchandise NN I-NP
+selections NNS I-NP
+at IN B-PP
+the DT B-NP
+most RBS I-NP
+troubled JJ I-NP
+chains NNS I-NP
+are VBP B-VP
+also RB I-VP
+expected VBN I-VP
+to TO I-VP
+hurt VB I-VP
+sales NNS B-NP
+. . O
+
+Catalog NN B-NP
+companies NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+pose VB I-VP
+a DT B-NP
+bigger JJR I-NP
+threat NN I-NP
+to TO B-PP
+all DT B-NP
+stores VBZ I-NP
+this DT B-NP
+year NN I-NP
+, , O
+particularly RB B-ADVP
+in IN B-PP
+December NNP B-NP
+. . O
+
+More RBR B-NP
+than IN I-NP
+200 CD I-NP
+catalog NN I-NP
+outfits NN I-NP
+are VBP B-VP
+promoting VBG I-VP
+a DT B-NP
+low-cost JJ I-NP
+Federal NNP I-NP
+Express NNP I-NP
+service NN I-NP
+that IN B-NP
+guarantees NNS B-VP
+pre-Christmas JJ B-NP
+delivery NN I-NP
+of IN B-PP
+orders NNS B-NP
+made VBN B-VP
+by IN B-PP
+a DT B-NP
+certain JJ I-NP
+date NN I-NP
+. . O
+
+`` `` O
+Traditionally RB B-ADVP
+, , O
+consumers NNS B-NP
+were VBD B-VP
+concerned VBN I-VP
+about IN B-PP
+ordering VBG B-VP
+after IN B-PP
+the DT B-NP
+first JJ I-NP
+of IN B-PP
+December NNP B-NP
+because IN B-SBAR
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+believe VB I-VP
+they PRP B-NP
+would MD B-VP
+get VB I-VP
+it PRP B-NP
+by IN B-PP
+Christmas NNP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Adam NNP B-NP
+Strum NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+Wine NNP I-NP
+Enthusiast NNP I-NP
+Inc. NNP I-NP
+, , O
+which WDT B-NP
+sells VBZ B-VP
+wine NN B-NP
+cellars NNS I-NP
+and CC I-NP
+accessories NNS I-NP
+through IN B-PP
+the DT B-NP
+mail NN I-NP
+. . O
+
+Using VBG B-VP
+Federal NNP B-NP
+Express NNP I-NP
+delivery NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+Mr. NNP B-NP
+Strum NNP I-NP
+says VBZ B-VP
+, , O
+`` `` O
+December NNP B-NP
+was VBD B-VP
+our PRP$ B-NP
+biggest JJS I-NP
+month NN I-NP
+. . O
+'' '' O
+
+Even RB B-NP
+Sears NNP I-NP
+, , I-NP
+Roebuck NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+is VBZ B-VP
+getting VBG I-VP
+into IN B-PP
+the DT B-NP
+act NN I-NP
+, , O
+offering NN B-VP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+to TO B-VP
+have VB I-VP
+Federal NNP B-NP
+Express NNP I-NP
+deliver VB B-VP
+toys NNS B-NP
+ordered VBN B-VP
+by IN B-PP
+Dec. NNP B-NP
+20 CD I-NP
+from IN B-PP
+its PRP$ B-NP
+Wish VB I-NP
+Book NNP I-NP
+catalog NN I-NP
+. . O
+
+K NNP B-NP
+mart NNP I-NP
+Corp. NNP I-NP
+Chairman NNP I-NP
+Joseph NNP I-NP
+E. NNP I-NP
+Antonini NNP I-NP
+summed VBD B-VP
+up IN B-PRT
+his PRP$ B-NP
+outlook NN I-NP
+for IN B-PP
+the DT B-NP
+Christmas NNP I-NP
+season NN I-NP
+as IN B-PP
+`` `` O
+not RB B-ADJP
+troublesome JJ I-ADJP
+. . O
+'' '' O
+
+He PRP B-NP
+'s VBZ B-VP
+not RB I-VP
+predicting VBG I-VP
+a DT B-NP
+blockbuster NN I-NP
+, , O
+but CC O
+he PRP B-NP
+is VBZ B-VP
+`` `` O
+more RBR B-ADJP
+optimistic JJ I-ADJP
+than IN B-PP
+three CD B-NP
+months NNS I-NP
+ago RB B-ADVP
+'' '' O
+because IN B-SBAR
+employment NN B-NP
+remains VBZ B-VP
+strong JJ B-ADJP
+and CC O
+inflation NN B-NP
+low JJ B-ADJP
+. . O
+
+Other JJ B-NP
+retailers NNS I-NP
+are VBP B-VP
+also RB I-VP
+preparing VBG I-VP
+for IN B-PP
+a DT B-NP
+ho-hum JJ I-NP
+holiday NN I-NP
+. . O
+
+Philip NNP B-NP
+M. NNP I-NP
+Hawley NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Carter NNP B-NP
+Hawley NNP I-NP
+Hale NNP I-NP
+Stores NNP I-NP
+Inc. NNP I-NP
+, , O
+expects VBZ B-VP
+sales NNS B-NP
+at IN B-PP
+department NN B-NP
+stores NNS I-NP
+open JJ B-ADJP
+at IN B-NP
+least JJS I-NP
+a DT I-NP
+year NN I-NP
+to TO B-VP
+rise VB I-VP
+a DT B-NP
+modest JJ I-NP
+3 CD I-NP
+% NN I-NP
+to TO I-NP
+5 VB I-NP
+% NN I-NP
+over IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+totals VBZ I-NP
+, , O
+both DT B-PP
+for IN I-PP
+his PRP$ B-NP
+company NN I-NP
+and CC O
+the DT B-NP
+industry NN I-NP
+in IN B-PP
+general NN B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+not RB I-VP
+looking VBG I-VP
+for IN B-PP
+a DT B-NP
+runaway JJ I-NP
+Christmas NNP I-NP
+at IN B-ADVP
+all DT I-ADVP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+It PRP B-NP
+is VBZ B-VP
+n't RB O
+a DT B-NP
+real JJ I-NP
+boom NN I-NP
+holiday NN I-NP
+season NN I-NP
+in IN B-PP
+our PRP$ B-NP
+eyes NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Woolworth NNP B-NP
+Corp. NNP I-NP
+Chairman NNP I-NP
+Harold NNP I-NP
+E. NNP I-NP
+Sells NNP I-NP
+, , O
+`` `` O
+but CC O
+it PRP B-NP
+is VBZ B-VP
+n't RB I-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+bust NN I-NP
+either RB B-ADVP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Sells NNP I-NP
+expects VBZ B-VP
+fourth-quarter JJ B-NP
+sales NNS I-NP
+at IN B-PP
+his PRP$ B-NP
+company NN I-NP
+-- : O
+which WDT B-NP
+besides IN B-PP
+Woolworth NNP B-NP
+stores NNS I-NP
+includes VBZ B-VP
+Kinney NNP B-NP
+and CC I-NP
+Foot NNP I-NP
+Locker NNP I-NP
+shoe NN I-NP
+stores NNS I-NP
+and CC O
+other JJ B-NP
+specialty NN I-NP
+chains NNS I-NP
+-- : O
+to TO B-VP
+rise VB I-VP
+`` `` O
+pretty RB B-ADVP
+much JJ I-ADVP
+in IN B-PP
+line NN B-NP
+'' '' O
+with IN B-PP
+its PRP$ B-NP
+year-to-date JJ I-NP
+increases NNS I-NP
+of IN B-PP
+between IN B-NP
+8 CD I-NP
+% NN I-NP
+and CC I-NP
+9 CD I-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+estimate NN I-NP
+includes VBZ B-VP
+the DT B-NP
+results NNS I-NP
+of IN B-PP
+new JJ B-NP
+stores NNS I-NP
+. . O
+
+A DT B-NP
+consumer NN I-NP
+poll NN I-NP
+conducted VBN B-VP
+in IN B-PP
+early JJ B-NP
+September NNP I-NP
+by IN B-PP
+Leo NNP B-NP
+J. NNP I-NP
+Shapiro NNP I-NP
+& CC I-NP
+Associates NNPS I-NP
+, , O
+a DT B-NP
+market NN I-NP
+researcher NN I-NP
+based VBN B-VP
+in IN B-PP
+Chicago NNP B-NP
+, , O
+also RB B-ADVP
+suggests VBZ B-VP
+a DT B-NP
+modest JJ I-NP
+holiday NN I-NP
+. . O
+
+Of IN B-PP
+the DT B-NP
+450 CD I-NP
+survey NN I-NP
+respondents NNS I-NP
+, , O
+35 CD B-NP
+% NN I-NP
+said VBD B-VP
+they PRP B-NP
+expect VBP B-VP
+to TO I-VP
+spend VB I-VP
+less JJR B-NP
+buying VBG B-VP
+Christmas NNP B-NP
+gifts NNS I-NP
+this DT B-NP
+year NN I-NP
+than IN B-PP
+last JJ B-NP
+year NN I-NP
+, , O
+while IN B-SBAR
+28 CD B-NP
+% NN I-NP
+said VBD B-VP
+they PRP B-NP
+expect VBP B-VP
+to TO I-VP
+spend VB I-VP
+more JJR B-NP
+and CC O
+37 CD B-NP
+% NN I-NP
+said VBD B-VP
+their PRP$ B-NP
+gift NN I-NP
+budget NN I-NP
+would MD B-VP
+stay VB I-VP
+the DT B-NP
+same JJ I-NP
+. . O
+
+The DT B-NP
+results NNS I-NP
+are VBP B-VP
+almost RB B-ADJP
+identical JJ I-ADJP
+to TO B-PP
+Shapiro NNP B-NP
+'s POS B-NP
+September NNP I-NP
+1988 CD I-NP
+numbers NNS I-NP
+. . O
+
+Retailers NNS B-NP
+could MD B-VP
+get VB I-VP
+a DT B-NP
+boost NN I-NP
+this DT B-NP
+year NN I-NP
+from IN B-PP
+the DT B-NP
+calendar NN I-NP
+. . O
+
+Christmas NNP B-NP
+falls VBZ B-VP
+on IN B-PP
+a DT B-NP
+Monday NNP I-NP
+, , O
+creating VBG B-VP
+a DT B-NP
+big JJ I-NP
+last-minute JJ I-NP
+weekend NN I-NP
+opportunity NN I-NP
+for IN B-PP
+stores NNS B-NP
+. . O
+
+Most JJS B-NP
+will MD B-VP
+stay VB I-VP
+open JJ B-ADJP
+late JJ B-ADVP
+Saturday NNP B-NP
+night NN I-NP
+and CC O
+open JJ B-VP
+their PRP$ B-NP
+doors NNS I-NP
+again RB B-ADVP
+Sunday NNP B-NP
+. . O
+
+But CC O
+many JJ B-NP
+consumers NNS I-NP
+probably RB B-ADVP
+will MD B-VP
+use VB I-VP
+the DT B-NP
+extra JJ I-NP
+time NN I-NP
+to TO B-VP
+put VB I-VP
+off IN B-PRT
+some DT B-NP
+purchasing NN I-NP
+until IN B-PP
+the DT B-NP
+last JJ I-NP
+minute NN I-NP
+. . O
+
+`` `` O
+What WP B-NP
+you PRP B-NP
+'ll MD B-VP
+hear VB I-VP
+as IN B-SBAR
+we PRP B-NP
+get VBP B-VP
+into IN B-PP
+December NNP B-NP
+is VBZ B-VP
+that IN B-SBAR
+sales NNS B-NP
+are VBP B-VP
+sluggish JJ B-ADJP
+, , O
+'' '' O
+predicts VBZ B-VP
+Woolworth NNP B-NP
+'s POS B-NP
+Mr. NNP I-NP
+Sells NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+week NN I-NP
+ending VBG B-VP
+the DT B-NP
+24th NN I-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+save VB I-VP
+the DT B-NP
+entire JJ I-NP
+month NN I-NP
+for IN B-PP
+everyone NN B-NP
+. . O
+
+The DT B-NP
+Spanish JJ I-NP
+author NN I-NP
+Camilo NNP I-NP
+Jose NNP I-NP
+Cela NNP I-NP
+won VBD B-VP
+the DT B-NP
+Nobel NNP I-NP
+Prize NNP I-NP
+for IN B-PP
+literature NN B-NP
+yesterday NN B-NP
+, , O
+a DT B-NP
+surprising JJ I-NP
+choice NN I-NP
+, , O
+but CC O
+given VBN B-PP
+the DT B-NP
+Swedish NNP I-NP
+Academy NNP I-NP
+'s POS B-NP
+past JJ I-NP
+perversities NNS I-NP
+, , O
+hardly RB B-ADVP
+the DT B-NP
+most RBS I-NP
+undeserved JJ I-NP
+and CC I-NP
+ridiculous JJ I-NP
+accolade NN I-NP
+handed VBD B-VP
+out IN B-PRT
+by IN B-PP
+the DT B-NP
+awarding VBG I-NP
+committee NN I-NP
+. . O
+
+In IN B-PP
+Spain NNP B-NP
+, , O
+anyway RB B-ADVP
+, , O
+the DT B-NP
+73-year-old NNP I-NP
+Mr. NNP I-NP
+Cela NNP I-NP
+enjoys VBZ B-VP
+some DT B-NP
+renown NN I-NP
+for IN B-PP
+the DT B-NP
+novels NNS I-NP
+and CC I-NP
+travel NN I-NP
+books NNS I-NP
+he PRP B-NP
+wrote VBD B-VP
+during IN B-PP
+the DT B-NP
+parched VBN I-NP
+Franco NNP I-NP
+years NNS I-NP
+, , O
+the DT B-NP
+everyday JJ I-NP
+poverty NN I-NP
+and CC O
+stagnant JJ B-NP
+atmosphere NN I-NP
+of IN B-PP
+which WDT B-NP
+he PRP B-NP
+described VBD B-VP
+in IN B-PP
+brutally RB B-NP
+direct JJ I-NP
+, , I-NP
+vivid JJ I-NP
+prose NN I-NP
+, , O
+beginning VBG B-VP
+with IN B-PP
+`` `` O
+The DT B-NP
+Family NNP I-NP
+of IN B-PP
+Pascal NNP B-NP
+Duarte NNP I-NP
+'' '' O
+-LRB- ( O
+1942 CD B-NP
+-RRB- ) O
+. . O
+
+Unlike IN B-PP
+other JJ B-NP
+writers NNS I-NP
+who WP B-NP
+either DT B-VP
+battled VBD I-VP
+the DT B-NP
+fascists NNS I-NP
+during IN B-PP
+the DT B-NP
+Civil NNP I-NP
+War NNP I-NP
+, , O
+or CC O
+left VBD B-VP
+Spain NNP B-NP
+when WRB B-ADVP
+Franco NNP B-NP
+triumphed VBD B-VP
+, , O
+Mr. NNP B-NP
+Cela NNP I-NP
+fought VBD B-VP
+briefly NN B-ADVP
+on IN B-PP
+the DT B-NP
+general NN I-NP
+'s POS B-NP
+side NN I-NP
+, , O
+no DT B-NP
+doubt NN I-NP
+earning VBG B-VP
+with IN B-PP
+his PRP$ B-NP
+war NN I-NP
+wound NN I-NP
+some DT B-NP
+forbearance NN I-NP
+when WRB B-ADVP
+he PRP B-NP
+went VBD B-VP
+on IN B-PRT
+to TO B-VP
+depict VB I-VP
+a DT B-NP
+country NN I-NP
+with IN B-PP
+a DT B-NP
+high JJ I-NP
+population NN I-NP
+of IN B-PP
+vagabonds NNS B-NP
+, , O
+murderers NNS B-NP
+and CC O
+rural JJ B-NP
+idiots NNS I-NP
+trudging VBG B-VP
+aimlessly RB B-ADVP
+through IN B-PP
+a DT B-NP
+dried-out JJ I-NP
+land NN I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+it PRP B-NP
+was VBD B-VP
+in IN B-PP
+Argentine JJ B-NP
+editions NNS I-NP
+that IN B-ADVP
+his PRP$ B-NP
+countrymen NNS I-NP
+first JJ B-ADVP
+read VB B-VP
+his PRP$ B-NP
+story NN I-NP
+of IN B-PP
+Pascal NNP B-NP
+Duarte NNP I-NP
+, , O
+a DT B-NP
+field NN I-NP
+worker NN I-NP
+who WP B-NP
+stabbed VBD B-VP
+his PRP$ B-NP
+mother NN I-NP
+to TO B-PP
+death NN B-NP
+and CC O
+has VBZ B-VP
+no DT B-NP
+regrets VBZ I-NP
+as IN B-SBAR
+he PRP B-NP
+awaits VBZ B-VP
+his PRP$ B-NP
+end NN I-NP
+in IN B-PP
+a DT B-NP
+prison NN I-NP
+cell NN I-NP
+: : O
+`` `` O
+Fate NNP B-NP
+directs VBZ B-VP
+some DT B-NP
+men NNS I-NP
+down IN B-PP
+the DT B-NP
+flower-bordered JJ I-NP
+path NN I-NP
+, , O
+and CC O
+others NNS B-NP
+down IN B-PP
+the DT B-NP
+road NN I-NP
+bordered VBN B-VP
+with IN B-PP
+thistles NNS B-NP
+and CC O
+prickly JJ B-NP
+pears NNS I-NP
+. . O
+
+The DT B-NP
+lucky JJ I-NP
+ones NNS I-NP
+gaze VBP B-VP
+out IN B-ADVP
+at IN B-PP
+life NN B-NP
+with IN B-PP
+serene JJ B-NP
+eyes NNS I-NP
+and CC O
+smile NN B-VP
+with IN B-PP
+a DT B-NP
+face NN I-NP
+of IN B-PP
+innocence NN B-NP
+at IN B-PP
+their PRP$ B-NP
+perfumed JJ I-NP
+happiness NN I-NP
+. . O
+
+The DT B-NP
+others NNS I-NP
+endure VBP B-VP
+the DT B-NP
+hot JJ I-NP
+sun NN I-NP
+of IN B-PP
+the DT B-NP
+plains NNS I-NP
+and CC O
+scowl VBP B-VP
+like IN B-PP
+cornered VBN B-NP
+wild JJ I-NP
+beasts NNS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Cela NNP I-NP
+himself PRP B-NP
+was VBD B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+lucky JJ I-NP
+ones NNS I-NP
+, , O
+his PRP$ B-NP
+fortunes NNS I-NP
+steadily RB B-ADVP
+increasing VBG B-VP
+over IN B-PP
+the DT B-NP
+decades NNS I-NP
+he PRP B-NP
+spent VBD B-VP
+putting VBG B-VP
+out RP B-PRT
+some DT B-NP
+70 CD I-NP
+travelogues NNS I-NP
+, , I-NP
+novels NNS I-NP
+, , I-NP
+short JJ I-NP
+story NN I-NP
+collections NNS I-NP
+and CC I-NP
+poetry NN I-NP
+. . O
+
+These DT B-NP
+days NNS I-NP
+, , O
+he PRP B-NP
+is VBZ B-VP
+as IN B-NP
+known VBN I-NP
+for IN B-PP
+his PRP$ B-NP
+flamboyant JJ I-NP
+tastes NNS I-NP
+and CC O
+the DT B-NP
+youthful JJ I-NP
+muse NN I-NP
+who WP B-NP
+shares VBZ B-VP
+his PRP$ B-NP
+life NN I-NP
+as IN B-SBAR
+he PRP B-NP
+is VBZ B-VP
+for IN B-PP
+his PRP$ B-NP
+books NNS I-NP
+. . O
+
+The DT B-NP
+man NN I-NP
+who WP B-NP
+wore VBD B-VP
+out RP B-PRT
+his PRP$ B-NP
+shoes NNS I-NP
+wandering VBG B-VP
+around IN B-PP
+Guadalajara NNP B-NP
+in IN B-PP
+1958 CD B-NP
+, , O
+describing VBG B-VP
+in IN B-PP
+his PRP$ B-NP
+travel NN I-NP
+book NN I-NP
+`` `` O
+Viaje NNP B-NP
+a DT I-NP
+la FW I-NP
+Alcarria NNP I-NP
+'' '' O
+how WRB B-ADVP
+he PRP B-NP
+scrounged VBD B-VP
+for IN B-PP
+food NN B-NP
+and CC O
+stayed VBD B-VP
+in IN B-PP
+squalid JJ B-NP
+inns NNS I-NP
+, , O
+now RB B-ADVP
+tours VBZ B-VP
+Spain NNP B-NP
+in IN B-PP
+a DT B-NP
+Rolls-Royce NNP I-NP
+. . O
+
+Of IN B-PP
+his PRP$ B-NP
+10 CD I-NP
+novels NNS I-NP
+, , O
+`` `` O
+The DT B-NP
+Hive NNP I-NP
+'' '' O
+-LRB- ( O
+1951 CD B-NP
+-RRB- ) O
+, , O
+full JJ B-ADJP
+of IN B-PP
+sharp JJ B-NP
+vignettes NNS I-NP
+of IN B-PP
+Madrid NNP B-NP
+life NN I-NP
+and CC O
+centered VBN B-ADJP
+on IN B-PP
+a DT B-NP
+cafe NN I-NP
+run NN B-VP
+by IN B-PP
+Dona NNP B-NP
+Rosa NNP I-NP
+, , O
+a DT B-NP
+foul-mouthed JJ I-NP
+, , I-NP
+broad-based JJ I-NP
+woman NN I-NP
+with IN B-PP
+blackened VBN B-NP
+little JJ I-NP
+teeth NNS I-NP
+encrusted VBN B-VP
+in IN B-PP
+filth NN B-NP
+, , O
+used VBN B-VP
+to TO I-VP
+be VB I-VP
+available JJ B-ADJP
+in IN B-PP
+English NNP B-NP
+, , O
+translated VBN B-VP
+by IN B-PP
+J.M. NNP B-NP
+Cohen NNP I-NP
+and CC O
+published VBN B-VP
+by IN B-PP
+Ecco NNP B-NP
+Press NNP I-NP
+, , O
+which WDT B-NP
+now RB B-ADVP
+no DT B-NP
+doubt NN I-NP
+regrets VBZ B-VP
+relinquishing VBG I-VP
+its PRP$ B-NP
+copyright NN I-NP
+. . O
+
+Here RB B-ADVP
+is VBZ B-VP
+an DT B-NP
+excerpt NN I-NP
+: : O
+
+The DT B-NP
+lonely JJ I-NP
+woman NN I-NP
+walks VBZ B-VP
+on IN B-PRT
+in IN B-PP
+the DT B-NP
+direction NN I-NP
+of IN B-PP
+the DT B-NP
+Plaza NNP I-NP
+de FW I-NP
+Alonso NNP I-NP
+Martinez NNP I-NP
+. . O
+
+Two CD B-NP
+men NNS I-NP
+have VBP B-VP
+a DT B-NP
+conversation NN I-NP
+behind IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+windows NNS I-NP
+of IN B-PP
+the DT B-NP
+cafe NN I-NP
+on IN B-PP
+the DT B-NP
+corner NN I-NP
+of IN B-PP
+the DT B-NP
+boulevard NN I-NP
+. . O
+
+Both DT B-NP
+are VBP B-VP
+young JJ B-ADJP
+, , O
+one CD B-NP
+twenty CD B-ADJP
+odd JJ I-ADJP
+, , O
+the DT B-NP
+other JJ I-NP
+thirty CD B-ADJP
+odd JJ I-ADJP
+. . O
+
+The DT B-NP
+older JJR I-NP
+one CD I-NP
+looks VBZ B-VP
+like IN B-PP
+a DT B-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+jury NN I-NP
+for IN B-PP
+a DT B-NP
+literary JJ I-NP
+award NN I-NP
+, , O
+the DT B-NP
+younger JJR I-NP
+one CD I-NP
+looks VBZ B-VP
+like IN B-PP
+a DT B-NP
+novelist NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+evident JJ B-ADJP
+that IN B-SBAR
+their PRP$ B-NP
+conversation NN I-NP
+runs VBZ B-VP
+more JJR B-ADVP
+or CC I-ADVP
+less JJR I-ADVP
+on IN B-PP
+the DT B-NP
+following VBG I-NP
+lines NNS I-NP
+: : O
+`` `` O
+I PRP B-NP
+'ve VBP B-VP
+submitted VBN I-VP
+the DT B-NP
+manuscript NN I-NP
+of IN B-PP
+my PRP$ B-NP
+novel NN I-NP
+under IN B-PP
+the DT B-NP
+title NN I-NP
+` `` O
+Teresa NNP B-NP
+de FW I-NP
+Cepeda NNP I-NP
+, , O
+' POS O
+and CC O
+in IN B-PP
+it PRP B-NP
+I PRP B-NP
+'ve VBP B-VP
+treated VBN I-VP
+a DT B-NP
+few RB I-NP
+neglected VBN I-NP
+aspects NNS I-NP
+of IN B-PP
+that DT B-NP
+eternal JJ I-NP
+problem NN I-NP
+which WDT B-NP
+... : O
+'' '' O
+
+`` `` B-INTJ
+Oh UH I-INTJ
+, , I-INTJ
+yes UH I-INTJ
+. . O
+
+Will MD O
+you PRP B-NP
+pour VB B-VP
+me PRP B-NP
+a DT B-NP
+drop NN I-NP
+of IN B-PP
+water NN B-NP
+, , O
+if IN B-SBAR
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+mind VB I-VP
+? . O
+'' '' O
+
+`` `` B-PP
+With IN I-PP
+pleasure NN B-NP
+. . O
+
+I PRP B-NP
+'ve VBP B-VP
+revised VBN I-VP
+it PRP B-NP
+several JJ B-NP
+times NNS I-NP
+and CC O
+I PRP B-NP
+think VBP B-VP
+I PRP B-NP
+may MD B-VP
+say VB I-VP
+with IN B-PP
+pride NN B-NP
+that IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+not RB O
+a DT B-NP
+single JJ I-NP
+discordant JJ I-NP
+word NN I-NP
+in IN B-PP
+the DT B-NP
+whole JJ I-NP
+text NN I-NP
+. . O
+'' '' O
+
+`` `` B-ADVP
+How WRB I-ADVP
+interesting JJ O
+. . O
+'' '' O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+so RB B-ADVP
+. . O
+
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+the DT B-NP
+quality NN I-NP
+of IN B-PP
+the DT B-NP
+works NNS I-NP
+my PRP$ B-NP
+colleagues NNS I-NP
+have VBP B-VP
+sent VBN I-VP
+in IN B-PP
+, , O
+but CC O
+in IN B-PP
+any DT B-NP
+case NN I-NP
+I PRP B-NP
+feel VBP B-VP
+confident JJ B-ADJP
+that IN B-SBAR
+good JJ B-NP
+sense NN I-NP
+and CC O
+honest JJ B-NP
+judgment NN I-NP
+... : O
+'' '' O
+
+`` `` O
+Rest VB B-VP
+assured VBN B-ADJP
+, , O
+we PRP B-NP
+proceed VBP B-VP
+with IN B-PP
+exemplary JJ B-NP
+fairness NN I-NP
+. . O
+'' '' O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+doubt VB I-VP
+it PRP B-NP
+for IN B-PP
+a DT B-NP
+moment NN I-NP
+. . O
+
+It PRP B-NP
+does VBZ B-VP
+not RB I-VP
+matter VB I-VP
+if IN B-SBAR
+one CD B-NP
+is VBZ B-VP
+defeated VBN I-VP
+, , O
+provided VBD O
+the DT B-NP
+work NN I-NP
+that WDT B-NP
+gets VBZ B-VP
+the DT B-NP
+award NN I-NP
+has VBZ B-VP
+unmistakable JJ B-NP
+qualities NNS I-NP
+. . O
+
+What WP B-NP
+'s VBZ B-VP
+so RB B-ADJP
+discouraging VBG I-ADJP
+is VBZ B-VP
+... : O
+'' '' O
+
+In IN B-PP
+passing VBG B-VP
+the DT B-NP
+window NN I-NP
+, , O
+Senorita NNP B-NP
+Elvira NNP I-NP
+gives VBZ B-VP
+them PRP B-NP
+a DT B-NP
+smile NN I-NP
+-- : O
+simply RB B-ADVP
+out IN B-PP
+of IN B-PP
+habit NN B-NP
+. . O
+
+Ashland NNP B-NP
+Oil NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+take VB I-VP
+after-tax JJ B-NP
+charges NNS I-NP
+of IN B-PP
+$ $ B-NP
+78 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.40 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+its PRP$ B-NP
+fiscal JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+, , O
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+Because IN B-PP
+of IN I-PP
+the DT B-NP
+charge NN I-NP
+, , O
+Ashland NNP B-NP
+expects VBZ B-VP
+to TO I-VP
+report VB I-VP
+a DT B-NP
+loss NN I-NP
+for IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+and CC O
+`` `` O
+significantly RB B-NP
+lower JJR I-NP
+results NNS I-NP
+'' '' O
+for IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+. . O
+
+The DT B-NP
+oil NN I-NP
+refiner NN I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+report VB I-VP
+fiscal JJ B-NP
+fourth JJ I-NP
+quarter NN I-NP
+and CC I-NP
+1989 CD I-NP
+results NNS I-NP
+next JJ B-NP
+week NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+66 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.19 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+2.1 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+. . O
+
+For IN B-PP
+fiscal JJ B-NP
+1988 CD I-NP
+, , O
+Ashland NNP B-NP
+had VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+224 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.01 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+7.8 CD I-NP
+billion CD I-NP
+. . O
+
+Both DT B-NP
+revenue NN I-NP
+figures NNS I-NP
+exclude VBP B-VP
+excise NN B-NP
+taxes NNS I-NP
+. . O
+
+The DT B-NP
+charges NNS I-NP
+consist VBP B-VP
+of IN B-PP
+: : O
+a DT B-NP
+$ $ I-NP
+25 CD I-NP
+million CD I-NP
+after-tax JJ I-NP
+charge NN I-NP
+to TO B-VP
+cover VB I-VP
+cost NN B-NP
+overruns NNS I-NP
+in IN B-PP
+Ashland NNP B-NP
+'s POS B-NP
+Riley NNP I-NP
+Consolidated NNP I-NP
+subsidiary NN I-NP
+; : O
+a DT B-NP
+previously RB I-NP
+announced VBN I-NP
+$ $ I-NP
+38 CD I-NP
+million CD I-NP
+after-tax JJ I-NP
+charge NN I-NP
+resulting VBG B-VP
+from IN B-PP
+a DT B-NP
+$ $ I-NP
+325 CD I-NP
+million CD I-NP
+settlement NN I-NP
+with IN B-PP
+National NNP B-NP
+Iranian NNP I-NP
+Oil NNP I-NP
+Co. NNP I-NP
+and CC O
+a DT B-NP
+$ $ I-NP
+15 CD I-NP
+million CD I-NP
+after-tax JJ I-NP
+charge NN I-NP
+from IN B-PP
+the DT B-NP
+previously RB I-NP
+announced VBN I-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Ashland NNP I-NP
+Technology NNP I-NP
+Corp. NNP I-NP
+subsidiary NN I-NP
+. . O
+
+Ashland NNP B-NP
+expects VBZ B-VP
+that DT B-NP
+sale NN I-NP
+to TO B-VP
+be VB I-VP
+complete JJ B-ADJP
+next JJ B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+for IN B-PP
+the DT B-NP
+Riley NNP I-NP
+subsidiary NN I-NP
+is VBZ B-VP
+for IN B-PP
+expected VBN B-NP
+costs NNS I-NP
+to TO B-VP
+correct VB I-VP
+problems NNS B-NP
+with IN B-PP
+certain JJ B-NP
+bed NN I-NP
+boilers NNS I-NP
+built VBN B-VP
+for IN B-PP
+utilities NNS B-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+will MD B-VP
+be VB I-VP
+added VBN I-VP
+to TO B-PP
+$ $ B-NP
+20 CD I-NP
+million CD I-NP
+in IN B-PP
+reserves NNS B-NP
+established VBD B-VP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+to TO B-VP
+cover VB I-VP
+the DT B-NP
+cost NN I-NP
+overruns NNS I-NP
+. . O
+
+When WRB B-ADVP
+President NNP B-NP
+Bush NNP I-NP
+arrives VBZ B-VP
+here RB B-ADVP
+next JJ B-NP
+week NN I-NP
+for IN B-PP
+a DT B-NP
+hemispheric JJ I-NP
+summit NN I-NP
+organized VBN B-VP
+to TO B-VP
+commemorate VB I-VP
+a DT B-NP
+century NN I-NP
+of IN B-PP
+Costa NNP B-NP
+Rican JJ I-NP
+democracy NN I-NP
+, , O
+will MD O
+he PRP B-NP
+be VB B-VP
+able JJ B-ADJP
+to TO B-VP
+deliver VB I-VP
+a DT B-NP
+credible JJ I-NP
+message NN I-NP
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+the DT B-NP
+Panamanian JJ I-NP
+fiasco NN I-NP
+? . O
+
+Undoubtedly RB B-ADVP
+Mr. NNP B-NP
+Bush NNP I-NP
+will MD B-VP
+be VB I-VP
+praised VBN I-VP
+by IN B-PP
+some DT B-NP
+Latin NNP I-NP
+leaders NNS I-NP
+prone JJ B-ADJP
+to TO B-VP
+pay VB I-VP
+lip NN B-NP
+service NN I-NP
+to TO B-PP
+nonintervention NN B-NP
+, , O
+while IN B-SBAR
+they PRP B-NP
+privately RB B-ADVP
+encourage VBP B-VP
+more RBR B-NP
+assertive JJ I-NP
+U.S. NNP I-NP
+action NN I-NP
+to TO B-VP
+remove VB I-VP
+Gen. NNP B-NP
+Manuel NNP I-NP
+Noriega NNP I-NP
+and CC O
+safeguard VB B-VP
+their PRP$ B-NP
+countries NNS I-NP
+from IN B-PP
+a DT B-NP
+Sandinista NNP I-NP
+onslaught NN I-NP
+. . O
+
+The DT B-NP
+Panamanian JJ I-NP
+affair NN I-NP
+is VBZ B-VP
+only RB B-NP
+the DT I-NP
+tip NN I-NP
+of IN B-PP
+a DT B-NP
+more RBR I-NP
+alarming JJ I-NP
+iceberg NN I-NP
+. . O
+
+It PRP B-NP
+originates VBZ B-VP
+in IN B-PP
+a DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+decision NN I-NP
+not RB O
+to TO B-VP
+antagonize VB I-VP
+the DT B-NP
+U.S. NNP I-NP
+Congress NNP I-NP
+and CC O
+avoid VB B-VP
+, , O
+at IN B-PP
+all DT B-NP
+costs NNS I-NP
+, , O
+being VBG B-VP
+accused VBN I-VP
+of IN B-PP
+meddling VBG B-VP
+in IN B-PP
+the DT B-NP
+region NN I-NP
+. . O
+
+The DT B-NP
+result NN I-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+dangerous JJ I-NP
+vacuum NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+leadership NN I-NP
+, , O
+which WDT B-NP
+leaves VBZ B-VP
+Central NNP B-NP
+America NNP I-NP
+open JJ B-ADJP
+to TO B-PP
+Soviet JJ B-NP
+adventurism NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+-LCB- ( I-NP
+influence NN I-NP
+of IN B-PP
+the DT B-NP
+-RCB- ) I-NP
+U.S. NNP I-NP
+is VBZ B-VP
+not RB I-VP
+being VBG I-VP
+felt VBN I-VP
+in IN B-PP
+Central NNP B-NP
+America NNP I-NP
+; : O
+Washington NNP B-NP
+'s POS B-NP
+decisions NNS I-NP
+do VBP B-VP
+not RB I-VP
+respond VB I-VP
+to TO B-PP
+a DT B-NP
+policy NN I-NP
+, , O
+and CC O
+are VBP B-VP
+divorced VBN I-VP
+from IN B-PP
+reality NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Fernando NNP B-NP
+Volio NNP I-NP
+, , O
+a DT B-NP
+Costa NNP I-NP
+Rican JJ I-NP
+congressman NN I-NP
+and CC O
+former JJ B-NP
+foreign JJ I-NP
+minister NN I-NP
+. . O
+
+The DT B-NP
+disarray NN I-NP
+of IN B-PP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+'s POS B-NP
+Latin NNP I-NP
+diplomacy NN I-NP
+was VBD B-VP
+evident JJ B-ADJP
+in IN B-PP
+the DT B-NP
+failure NN I-NP
+of IN B-PP
+the DT B-NP
+Organization NNP I-NP
+of IN B-PP
+American NNP B-NP
+States NNPS I-NP
+to TO B-VP
+condemn VB I-VP
+categorically RB B-ADVP
+Gen. NNP B-NP
+Noriega NNP I-NP
+. . O
+
+Faced VBN B-VP
+with IN B-PP
+this DT B-NP
+embarrassment NN I-NP
+, , O
+U.S. NNP B-NP
+diplomats NNS I-NP
+expressed VBD B-VP
+confidence NN B-NP
+that IN B-SBAR
+the DT B-NP
+influential JJ I-NP
+Rio NNP I-NP
+Group NNP I-NP
+of IN B-PP
+South JJ B-NP
+American JJ I-NP
+nations NNS I-NP
+, , O
+which WDT B-NP
+gathered VBD B-VP
+last JJ B-NP
+week NN I-NP
+in IN B-PP
+Peru NNP B-NP
+, , O
+would MD B-VP
+take VB I-VP
+a DT B-NP
+stronger JJR I-NP
+posture NN I-NP
+toward IN B-PP
+the DT B-NP
+Panamanian JJ I-NP
+dictator NN I-NP
+. . O
+
+But CC O
+other JJ B-ADVP
+than IN B-PP
+a DT B-NP
+few JJ I-NP
+slaps NNS I-NP
+on IN B-PP
+the DT B-NP
+wrist NN I-NP
+, , O
+Gen. NNP B-NP
+Noriega NNP I-NP
+went VBD B-VP
+unpunished JJ B-ADJP
+by IN B-PP
+that DT B-NP
+body NN I-NP
+, , O
+too RB B-ADVP
+; : O
+he PRP B-NP
+was VBD B-VP
+not RB I-VP
+even RB I-VP
+singled VBD I-VP
+out IN B-PRT
+in IN B-PP
+the DT B-NP
+closing VBG I-NP
+statement NN I-NP
+. . O
+
+Now RB B-ADVP
+Mr. NNP B-NP
+Bush NNP I-NP
+will MD B-VP
+come VB I-VP
+to TO B-PP
+Costa NNP B-NP
+Rica NNP I-NP
+and CC O
+encounter NN B-VP
+Nicaraguan JJ B-NP
+strongman NN I-NP
+Daniel NNP I-NP
+Ortega NNP I-NP
+, , O
+eager JJ B-ADJP
+for IN B-PP
+photo NN B-NP
+opportunities NNS I-NP
+with IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+president NN I-NP
+. . O
+
+The DT B-NP
+host NN I-NP
+, , O
+Costa NNP B-NP
+Rican NNP I-NP
+President NNP I-NP
+Oscar NNP I-NP
+Arias NNP I-NP
+, , O
+did VBD B-VP
+not RB I-VP
+invite VB I-VP
+Chile NNP B-NP
+, , I-NP
+Cuba NNP I-NP
+, , I-NP
+Panama NNP I-NP
+or CC I-NP
+Haiti NNP I-NP
+to TO B-PP
+the DT B-NP
+summit NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+to TO I-VP
+be VB I-VP
+restricted VBN I-VP
+to TO B-PP
+democracies NNS B-NP
+. . O
+
+However RB B-ADVP
+, , O
+Mr. NNP B-NP
+Ortega NNP I-NP
+was VBD B-VP
+included VBN I-VP
+. . O
+
+Formally RB B-ADVP
+upgrading VBG B-VP
+the DT B-NP
+Sandinistas NNPS I-NP
+to TO B-PP
+a DT B-NP
+democratic JJ I-NP
+status NN I-NP
+was VBD B-VP
+an DT B-NP
+initiative NN I-NP
+harshly RB B-VP
+criticized VBD I-VP
+in IN B-PP
+the DT B-NP
+Costa NNP I-NP
+Rican JJ I-NP
+press NN I-NP
+. . O
+
+Even RB B-NP
+Carlos NNP I-NP
+Manuel NNP I-NP
+Castillo NNP I-NP
+-- : O
+the DT B-NP
+presidential JJ I-NP
+candidate NN I-NP
+for IN B-PP
+Mr. NNP B-NP
+Arias NNP I-NP
+'s POS B-NP
+National NNP I-NP
+Liberation NNP I-NP
+Party NNP I-NP
+-- : O
+made VBN B-VP
+public JJ B-ADJP
+his PRP$ B-NP
+opposition NN I-NP
+to TO B-PP
+the DT B-NP
+presence NN I-NP
+of IN B-PP
+Nicaragua NNP B-NP
+`` `` O
+in IN B-PP
+a DT B-NP
+democratic JJ I-NP
+festivity NN I-NP
+. . O
+'' '' O
+
+Nevertheless RB B-ADVP
+, , O
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+agreed VBD B-VP
+to TO B-PP
+the DT B-NP
+dubious JJ I-NP
+arrangement NN I-NP
+in IN B-PP
+July NNP B-NP
+, , O
+a DT B-NP
+few JJ I-NP
+weeks NNS I-NP
+before IN B-SBAR
+the DT B-NP
+Central NNP I-NP
+American JJ I-NP
+presidents NNS I-NP
+met VBD B-VP
+in IN B-PP
+Tela NNP B-NP
+, , O
+Honduras NNP B-NP
+, , O
+to TO B-VP
+discuss VB I-VP
+a DT B-NP
+timetable NN I-NP
+for IN B-PP
+disbanding VBG B-VP
+the DT B-NP
+anti-Sandinista JJ I-NP
+rebels NNS I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+officials NNS B-NP
+in IN B-PP
+Washington NNP B-NP
+, , O
+the DT B-NP
+State NNP I-NP
+Department NNP I-NP
+hoped VBD B-VP
+that IN B-SBAR
+by IN B-PP
+pleasing JJ B-VP
+President NNP B-NP
+Arias NNP I-NP
+, , O
+it PRP B-NP
+would MD B-VP
+gain VB I-VP
+his PRP$ B-NP
+support NN I-NP
+to TO B-VP
+postpone VB I-VP
+any DT B-NP
+decision NN I-NP
+on IN B-PP
+the DT B-NP
+Contras NNPS I-NP
+until IN B-PP
+after IN B-SBAR
+Mr. NNP B-NP
+Ortega NNP I-NP
+'s POS B-NP
+promises NNS I-NP
+of IN B-PP
+democratic JJ B-NP
+elections NNS I-NP
+were VBD B-VP
+tested VBN I-VP
+next JJ B-NP
+February NNP I-NP
+. . O
+
+However RB B-ADVP
+, , O
+relying VBG B-VP
+on IN B-PP
+an DT B-NP
+ardent JJ I-NP
+critic NN I-NP
+of IN B-PP
+the DT B-NP
+Reagan NNP I-NP
+administration NN I-NP
+and CC O
+the DT B-NP
+Contra NNP I-NP
+movement NN I-NP
+for IN B-PP
+help NN B-NP
+in IN B-PP
+delaying VBG B-VP
+the DT B-NP
+disarming VBG I-NP
+of IN B-PP
+the DT B-NP
+Contras NNPS I-NP
+was VBD B-VP
+risky JJ B-NP
+business NN I-NP
+. . O
+
+And CC O
+even RB B-NP
+some DT I-NP
+last-minute JJ I-NP
+phone NN I-NP
+calls NNS I-NP
+that IN B-NP
+Mr. NNP B-NP
+Bush NNP I-NP
+made VBD B-VP
+-LRB- ( O
+at IN B-PP
+the DT B-NP
+behest NN I-NP
+of IN B-PP
+some DT B-NP
+conservative JJ I-NP
+U.S. NNP I-NP
+senators NNS I-NP
+-RRB- ) O
+to TO B-VP
+enlist VB I-VP
+backing VBG B-NP
+for IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+position NN I-NP
+failed VBD B-VP
+to TO I-VP
+stop VB I-VP
+the DT B-NP
+march NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Arias NNP I-NP
+'s POS B-NP
+agenda NN I-NP
+. . O
+
+Prior RB B-ADVP
+to TO B-PP
+this DT B-NP
+episode NN I-NP
+, , O
+Sen. NNP B-NP
+Christopher NNP I-NP
+Dodd NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Conn. NNP B-NP
+-RRB- ) O
+, , O
+sensing VBG B-VP
+an DT B-NP
+open JJ I-NP
+field NN I-NP
+, , O
+undertook VBD B-VP
+a DT B-NP
+personal JJ I-NP
+diplomatic JJ I-NP
+mission NN I-NP
+through IN B-PP
+Central NNP B-NP
+America NNP I-NP
+to TO B-VP
+promote VB I-VP
+an DT B-NP
+early JJ I-NP
+disbanding NN I-NP
+of IN B-PP
+the DT B-NP
+rebels NNS I-NP
+. . O
+
+Visiting VBG B-VP
+Nicaragua NNP B-NP
+, , O
+he PRP B-NP
+praised VBD B-VP
+the DT B-NP
+Sandinistas NNPS I-NP
+for IN B-PP
+their PRP$ B-NP
+electoral JJ I-NP
+system NN I-NP
+and CC O
+chided VBD B-VP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+for IN B-PP
+not RB O
+rewarding JJ B-VP
+the DT B-NP
+Sandinistas NNPS I-NP
+. . O
+
+In IN B-PP
+Honduras NNP B-NP
+, , O
+where WRB B-ADVP
+the DT B-NP
+Contras NNPS I-NP
+are VBP B-VP
+a DT B-NP
+hot JJ I-NP
+political JJ I-NP
+issue NN I-NP
+, , O
+he PRP B-NP
+promised VBD B-VP
+to TO I-VP
+help VB I-VP
+unblock VB I-VP
+some DT B-NP
+$ $ I-NP
+70 CD I-NP
+million CD I-NP
+in IN B-PP
+assistance NN B-NP
+withheld VBD B-VP
+due JJ B-PP
+to TO I-PP
+the DT B-NP
+failure NN I-NP
+of IN B-PP
+local JJ B-NP
+agencies NNS I-NP
+to TO B-VP
+comply VB I-VP
+with IN B-PP
+conditions NNS B-NP
+agreed VBD B-VP
+upon IN B-PP
+with IN B-PP
+Washington NNP B-NP
+. . O
+
+Aid NNP B-NP
+was VBD B-VP
+also RB B-ADVP
+the DT B-NP
+gist NN I-NP
+of IN B-PP
+the DT B-NP
+talks NNS I-NP
+Sen. NNP B-NP
+Dodd NNP I-NP
+had VBD B-VP
+with IN B-PP
+Salvadoran NNP B-NP
+President NNP I-NP
+Alfredo NNP I-NP
+Cristiani NNP I-NP
+; : O
+Mr. NNP B-NP
+Cristiani NNP I-NP
+'s POS B-NP
+government NN I-NP
+is VBZ B-VP
+very RB B-ADVP
+much RB I-ADVP
+at IN B-PP
+the DT B-NP
+mercy NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+largess NN I-NP
+and CC O
+is VBZ B-VP
+forced VBN I-VP
+to TO I-VP
+listen VB I-VP
+very RB B-ADVP
+carefully RB I-ADVP
+to TO B-PP
+Sen. NNP B-NP
+Dodd NNP I-NP
+'s POS B-NP
+likes VBZ I-NP
+and CC I-NP
+dislikes VBZ I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+therefore RB B-ADVP
+not RB B-ADJP
+surprising JJ I-ADJP
+that WDT B-SBAR
+close VBP B-NP
+allies NNS I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+virtually RB B-VP
+neglected VBN I-VP
+by IN B-PP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+, , O
+ordered VBD B-VP
+the DT B-NP
+Nicaraguan JJ I-NP
+insurgents NNS I-NP
+dismantled VBN B-VP
+by IN B-PP
+December NNP B-NP
+, , O
+long RB B-ADVP
+before IN B-PP
+the DT B-NP
+elections NNS I-NP
+. . O
+
+Fittingly RB B-ADVP
+, , O
+the DT B-NP
+Tela NNP I-NP
+Accords NNPS I-NP
+were VBD B-VP
+nicknamed VBN I-VP
+by IN B-PP
+Hondurans NNS B-NP
+`` `` O
+the DT B-NP
+Dodd NNP I-NP
+plan NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+individual JJ I-NP
+foreign JJ I-NP
+policy NN I-NP
+carried VBD B-VP
+out IN B-PRT
+by IN B-PP
+U.S. NNP B-NP
+legislators NNS I-NP
+adds VBZ B-VP
+to TO B-PP
+a DT B-NP
+confusing JJ I-NP
+U.S. NNP I-NP
+performance NN I-NP
+that WDT B-NP
+has VBZ B-VP
+emboldened VBN I-VP
+Soviet JJ B-NP
+initiatives NNS I-NP
+in IN B-PP
+Central NNP B-NP
+America NNP I-NP
+. . O
+
+On IN B-PP
+Oct. NNP B-NP
+3 CD I-NP
+, , O
+following VBG B-PP
+conversations NNS B-NP
+with IN B-PP
+Secretary NNP O
+of IN B-PP
+State NNP B-NP
+James NNP B-NP
+Baker NNP I-NP
+, , O
+Soviet NNP B-NP
+Foreign NNP I-NP
+Minister NNP I-NP
+Eduard NNP I-NP
+Shevardnadze NNP I-NP
+arrived VBD B-VP
+in IN B-PP
+Managua NNP B-NP
+to TO B-VP
+acclaim VB I-VP
+`` `` O
+Nicaragua NNP B-NP
+'s POS B-NP
+great JJ I-NP
+peace NN I-NP
+efforts NNS I-NP
+. . O
+'' '' O
+
+There EX B-ADVP
+, , O
+Mr. NNP B-NP
+Shevardnadze NNP I-NP
+felt VBD B-VP
+legitimized VBN I-VP
+to TO I-VP
+unveil VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+peace NN I-NP
+plan NN I-NP
+: : O
+The DT B-NP
+U.S.S.R. NNP I-NP
+would MD B-VP
+prolong VB I-VP
+a DT B-NP
+suspension NN I-NP
+of IN B-PP
+arms NNS B-NP
+shipments NNS I-NP
+to TO B-PP
+Nicaragua NNP B-NP
+after IN B-PP
+the DT B-NP
+February NNP I-NP
+election NN I-NP
+if IN B-SBAR
+the DT B-NP
+U.S. NNP I-NP
+did VBD B-VP
+likewise RB B-ADVP
+with IN B-PP
+its PRP$ B-NP
+allies NNS I-NP
+in IN B-PP
+Central NNP B-NP
+America NNP I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+called VBD B-VP
+on IN B-PP
+Nicaragua NNP B-NP
+'s POS B-NP
+neighbors NNS I-NP
+to TO B-VP
+accept VB I-VP
+a DT B-NP
+`` `` I-NP
+military JJ I-NP
+equilibrium NN I-NP
+'' '' O
+guaranteed VBN B-VP
+by IN B-PP
+both DT B-NP
+superpowers NNS I-NP
+. . O
+
+The DT B-NP
+Pentagon NNP I-NP
+claims NNS B-VP
+that IN B-SBAR
+in IN B-PP
+spite NN B-NP
+of IN B-PP
+Moscow NNP B-NP
+'s POS B-NP
+words NNS I-NP
+, , O
+East NNP B-NP
+bloc NN I-NP
+weapons NNS I-NP
+continue VBP B-VP
+to TO I-VP
+flow VB I-VP
+into IN B-PP
+Nicaragua NNP B-NP
+through IN B-PP
+Cuba NNP B-NP
+at IN B-PP
+near-record JJ B-NP
+levels NNS I-NP
+. . O
+
+Since IN B-SBAR
+Mr. NNP B-NP
+Shevardnadze NNP I-NP
+'s POS B-NP
+proposals NNS I-NP
+followed VBD B-VP
+discussions NNS B-NP
+with IN B-PP
+Mr. NNP B-NP
+Baker NNP I-NP
+, , O
+speculations NNS B-NP
+arose VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+was VBD B-VP
+seeking VBG I-VP
+an DT B-NP
+accommodation NN I-NP
+with IN B-PP
+the DT B-NP
+Soviets NNPS I-NP
+in IN B-PP
+Central NNP B-NP
+America NNP I-NP
+. . O
+
+This DT B-NP
+scheme NN I-NP
+would MD B-VP
+fit VB I-VP
+the DT B-NP
+Arias NNP I-NP
+Plan NNP I-NP
+, , O
+which WDT B-NP
+declared VBD B-VP
+a DT B-NP
+false JJ I-NP
+symmetry NN I-NP
+between IN B-PP
+Soviet JJ B-NP
+military JJ I-NP
+aid NN I-NP
+to TO B-PP
+the DT B-NP
+Sandinista NNP I-NP
+dictatorship NN I-NP
+and CC O
+that DT B-NP
+provided VBD B-VP
+by IN B-PP
+Washington NNP B-NP
+to TO B-PP
+freely RB B-NP
+elected VBN I-NP
+governments NNS I-NP
+. . O
+
+Furthermore RB B-ADVP
+, , O
+it PRP B-NP
+is VBZ B-VP
+also RB B-ADVP
+likely JJ B-ADJP
+to TO B-VP
+encourage VB I-VP
+those DT B-NP
+on IN B-PP
+Capitol NNP B-NP
+Hill NNP I-NP
+asking VBG B-VP
+for IN B-PP
+cuts NNS B-NP
+in IN B-PP
+the DT B-NP
+assistance NN I-NP
+to TO B-PP
+El NNP B-NP
+Salvador NNP I-NP
+if IN B-SBAR
+President NNP B-NP
+Cristiani NNP I-NP
+does VBZ B-VP
+not RB I-VP
+bend VB I-VP
+to TO B-PP
+demands NNS B-NP
+of IN B-PP
+the DT B-NP
+Marxist JJ I-NP
+guerrillas NNS I-NP
+. . O
+
+The DT B-NP
+sad JJ I-NP
+condition NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+policy NN I-NP
+in IN B-PP
+Central NNP B-NP
+America NNP I-NP
+is VBZ B-VP
+best RBS I-VP
+depicted VBN I-VP
+by IN B-PP
+the DT B-NP
+recent JJ I-NP
+end NN I-NP
+to TO B-PP
+U.S. NNP B-NP
+sponsorship NN I-NP
+of IN B-PP
+Radio NNP B-NP
+Costa NNP I-NP
+Rica NNP I-NP
+. . O
+
+In IN B-PP
+1984 CD B-NP
+, , O
+the DT B-NP
+Costa NNP I-NP
+Rican JJ I-NP
+government NN I-NP
+requested VBD B-VP
+help VB B-NP
+to TO B-VP
+establish VB I-VP
+a DT B-NP
+radio NN I-NP
+station NN I-NP
+in IN B-PP
+the DT B-NP
+northern JJ I-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+, , O
+flooded VBN B-VP
+by IN B-PP
+airwaves NNS B-NP
+of IN B-PP
+Sandinista NNP B-NP
+propaganda NN I-NP
+. . O
+
+Recovering VBG B-VP
+radiophonic JJ B-NP
+sovereignty NN I-NP
+was VBD B-VP
+the DT B-NP
+purpose NN I-NP
+of IN B-PP
+Radio NNP B-NP
+Costa NNP I-NP
+Rica NNP I-NP
+, , O
+funded VBN B-VP
+by IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+affiliated VBN B-VP
+with IN B-PP
+the DT B-NP
+Voice NNP I-NP
+of IN B-PP
+America NNP B-NP
+-LRB- ( O
+VOA NNP B-NP
+-RRB- ) O
+. . O
+
+A DT B-NP
+few JJ I-NP
+months NNS I-NP
+ago RB B-ADVP
+, , O
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+decided VBD B-VP
+to TO I-VP
+stop VB I-VP
+this DT B-NP
+cooperation NN I-NP
+, , O
+leaving VBG B-VP
+Radio NNP B-NP
+Costa NNP I-NP
+Rica NNP I-NP
+operating VBG B-VP
+on IN B-PP
+a DT B-NP
+shoestring NN I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+news NN B-NP
+reports NNS I-NP
+, , O
+the DT B-NP
+abrupt JJ I-NP
+termination NN I-NP
+was VBD B-VP
+due JJ B-ADJP
+to TO B-PP
+fears NNS B-NP
+that IN B-SBAR
+VOA NNP B-NP
+transmissions NNS I-NP
+could MD B-VP
+interfere VB I-VP
+with IN B-PP
+the DT B-NP
+peace NN I-NP
+process NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+meantime NN I-NP
+, , O
+Russia NNP B-NP
+gave VBD B-VP
+Nicaragua NNP B-NP
+another DT B-NP
+powerful JJ I-NP
+radio NN I-NP
+transmitter NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+installed VBN I-VP
+in IN B-PP
+the DT B-NP
+city NN I-NP
+of IN B-PP
+Esteli NNP B-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+capable JJ B-ADJP
+of IN B-PP
+reaching VBG B-VP
+the DT B-NP
+entire JJ I-NP
+Caribbean NNP I-NP
+area NN I-NP
+and CC O
+deep JJ B-ADVP
+into IN B-PP
+North NNP B-NP
+America NNP I-NP
+. . O
+
+Perhaps RB B-ADVP
+its PRP$ B-NP
+loud JJ I-NP
+signal NN I-NP
+may MD B-VP
+generate VB I-VP
+some DT B-NP
+awareness NN I-NP
+of IN B-PP
+the DT B-NP
+Soviet JJ I-NP
+condominium NN I-NP
+being VBG B-VP
+created VBN I-VP
+in IN B-PP
+the DT B-NP
+isthmus NN I-NP
+thanks NNS B-ADVP
+to TO B-PP
+U.S. NNP B-NP
+default NN I-NP
+. . O
+
+The DT B-NP
+Soviet JJ I-NP
+entrenchment NN I-NP
+in IN B-PP
+Nicaragua NNP B-NP
+is VBZ B-VP
+alarming JJ B-ADJP
+for IN B-PP
+Costa NNP B-NP
+Rica NNP I-NP
+, , O
+a DT B-NP
+peaceful JJ I-NP
+democracy NN I-NP
+without IN B-PP
+an DT B-NP
+army NN I-NP
+. . O
+
+Questioned VBN B-VP
+in IN B-PP
+Washington NNP B-NP
+about IN B-PP
+what WP B-NP
+would MD B-VP
+happen VB I-VP
+if IN B-SBAR
+his PRP$ B-NP
+much-heralded JJ I-NP
+peace NN I-NP
+plan NN I-NP
+would MD B-VP
+fail VB I-VP
+, , O
+President NNP B-NP
+Arias NNP I-NP
+voiced VBD B-VP
+expectations NNS B-NP
+of IN B-PP
+direct JJ B-NP
+U.S. NNP I-NP
+action NN I-NP
+. . O
+
+A DT B-NP
+poll NN I-NP
+conducted VBN B-VP
+in IN B-PP
+July NNP B-NP
+by IN B-PP
+a DT B-NP
+Gallup NNP I-NP
+affiliate NN I-NP
+showed VBD B-VP
+that IN B-SBAR
+64 CD B-NP
+% NN I-NP
+of IN B-PP
+Costa NNP B-NP
+Ricans NNS I-NP
+believe VBP B-VP
+that IN B-SBAR
+if IN B-SBAR
+their PRP$ B-NP
+country NN I-NP
+is VBZ B-VP
+militarily RB I-VP
+attacked VBN I-VP
+by IN B-PP
+either DT B-NP
+Nicaragua NNP I-NP
+or CC I-NP
+Panama NNP I-NP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+will MD B-VP
+come VB I-VP
+to TO B-PP
+its PRP$ B-NP
+defense NN I-NP
+. . O
+
+But CC O
+in IN B-PP
+the DT B-NP
+light NN I-NP
+of IN B-PP
+events NNS B-NP
+in IN B-PP
+Panama NNP B-NP
+, , O
+where WRB B-ADVP
+the DT B-NP
+U.S. NNP I-NP
+has VBZ B-VP
+such JJ B-NP
+clear JJ I-NP
+strategic JJ I-NP
+interests NNS I-NP
+, , O
+waiting VBG B-VP
+for IN B-PP
+the DT B-NP
+Delta NNP I-NP
+Force NNP I-NP
+may MD B-VP
+prove VB I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+dangerous JJ I-NP
+gambit NN I-NP
+. . O
+
+Mr. NNP B-NP
+Daremblum NNP I-NP
+is VBZ B-VP
+a DT B-NP
+lawyer NN I-NP
+and CC O
+a DT B-NP
+columnist NN I-NP
+for IN B-PP
+La NNP B-NP
+Nacion NNP I-NP
+newspaper NN I-NP
+. . O
+
+Holiday NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+jumped VBD B-VP
+89 CD B-NP
+% NN I-NP
+, , O
+partly RB B-ADVP
+on IN B-PP
+the DT B-NP
+strength NN I-NP
+of IN B-PP
+record NN B-NP
+operating VBG I-NP
+income NN I-NP
+in IN B-PP
+its PRP$ B-NP
+gaming NN I-NP
+division NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+the DT B-NP
+hotel NN I-NP
+and CC I-NP
+gambling NN I-NP
+giant NN I-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+proceeding VBG I-VP
+with IN B-PP
+plans NNS B-NP
+to TO B-VP
+make VB I-VP
+a DT B-NP
+tender NN I-NP
+offer NN I-NP
+and CC O
+solicit VB B-VP
+consents NNS B-NP
+with IN B-PP
+respect NN B-NP
+to TO B-PP
+approximately RB B-NP
+$ $ I-NP
+1.4 CD I-NP
+billion CD I-NP
+of IN B-PP
+its PRP$ B-NP
+publicly RB I-NP
+traded VBN I-NP
+debt NN I-NP
+. . O
+
+That DT B-NP
+debt NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+$ $ I-NP
+2.1 CD I-NP
+billion CD I-NP
+of IN B-PP
+Holiday NNP B-NP
+debt NN I-NP
+that IN B-NP
+Bass NNP B-NP
+PLC NNP I-NP
+of IN B-PP
+Britain NNP B-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+retire VB I-VP
+or CC I-VP
+assume VB I-VP
+when WRB B-ADVP
+it PRP B-NP
+agreed VBD B-VP
+to TO I-VP
+buy VB I-VP
+the DT B-NP
+Holiday NNP I-NP
+Inn NNP I-NP
+business NN I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+Holiday NNP B-NP
+said VBD B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+39.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.53 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+21 CD I-NP
+million CD I-NP
+, , O
+or CC O
+84 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Results NNS B-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+included VBD B-VP
+$ $ B-NP
+19.2 CD I-NP
+million CD I-NP
+in IN B-PP
+pretax JJ B-NP
+gains NNS I-NP
+from IN B-PP
+property NN B-NP
+transactions NNS I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+one CD B-NP
+Embassy NNP I-NP
+Suites NNPS I-NP
+hotel NN I-NP
+, , O
+and CC O
+$ $ B-NP
+3.5 CD I-NP
+million CD I-NP
+of IN B-PP
+nonrecurring VBG B-NP
+costs NNS I-NP
+associated VBN B-VP
+with IN B-PP
+the DT B-NP
+acquisition NN I-NP
+of IN B-PP
+the DT B-NP
+Holiday NNP I-NP
+Inn NNP I-NP
+business NN I-NP
+by IN B-PP
+Bass NNP B-NP
+. . O
+
+Holiday NNP B-NP
+said VBD B-VP
+operating VBG B-NP
+income NN I-NP
+related VBN B-VP
+to TO B-PP
+gaming NN B-NP
+increased VBN B-VP
+4.5 CD B-NP
+% NN I-NP
+to TO B-PP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+61.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+58.8 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+jump NN I-NP
+reflected VBD B-VP
+record NN B-NP
+results NNS I-NP
+in IN B-PP
+Las NNP B-NP
+Vegas NNP I-NP
+, , O
+Nev. NNP B-NP
+, , O
+and CC O
+Atlantic NNP B-NP
+City NNP I-NP
+, , O
+N.J. NNP B-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+a DT B-NP
+full JJ I-NP
+quarter NN I-NP
+'s POS B-NP
+results NNS I-NP
+from IN B-PP
+Harrah NNP B-NP
+'s POS B-NP
+Del NNP I-NP
+Rio NNP I-NP
+in IN B-PP
+Laughlin NNP B-NP
+, , O
+Nev NNP B-NP
+. . O
+
+Third-quarter JJ B-NP
+revenue NN I-NP
+rose VBD B-VP
+2.7 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+433.5 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+422.1 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+earnings NNS B-NP
+fell VBD B-VP
+2.9 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+99.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.86 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+102.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.10 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Revenue NN B-NP
+dropped VBD B-VP
+1.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.21 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.23 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+tender NN I-NP
+offer NN I-NP
+and CC I-NP
+consent NN I-NP
+solicitation NN I-NP
+will MD B-VP
+be VB I-VP
+made VBN I-VP
+to TO B-PP
+debtholders NNS B-NP
+in IN B-PP
+December NNP B-NP
+. . O
+
+In IN B-PP
+effect NN B-NP
+, , O
+Holiday NNP B-NP
+is VBZ B-VP
+asking VBG I-VP
+holders NNS B-NP
+for IN B-PP
+permission NN B-NP
+for IN B-SBAR
+Bass NNP B-NP
+to TO B-VP
+buy VB I-VP
+their PRP$ B-NP
+debt NN I-NP
+. . O
+
+Holiday NNP B-NP
+said VBD B-VP
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc. NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+retained VBN I-VP
+to TO I-VP
+act VB I-VP
+as IN B-PP
+the DT B-NP
+dealer-manager NN I-NP
+and CC I-NP
+financial JJ I-NP
+adviser NN I-NP
+in IN B-PP
+connection NN B-NP
+with IN B-PP
+the DT B-NP
+offer NN I-NP
+and CC I-NP
+solicitation NN I-NP
+. . O
+
+The DT B-NP
+debt NN I-NP
+issues NNS I-NP
+involved VBN B-VP
+and CC O
+the DT B-NP
+proposed VBN I-NP
+consent NN I-NP
+fees NNS I-NP
+and CC I-NP
+cash NN I-NP
+tender NN I-NP
+offer NN I-NP
+prices NNS I-NP
+-LRB- ( O
+expressed VBN B-VP
+per IN B-PP
+$ $ B-NP
+1,000 CD I-NP
+of IN B-PP
+principal JJ B-NP
+amount NN I-NP
+-RRB- ) O
+are VBP B-VP
+as IN B-SBAR
+follows VBZ B-VP
+: : O
+10 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+senior JJ I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1994 CD B-NP
+at IN B-PP
+101 CD B-NP
+% NN I-NP
+; : O
+11 CD B-NP
+% NN I-NP
+subordinated VBD I-NP
+debt NN I-NP
+due JJ B-ADJP
+1999 CD B-NP
+at IN B-PP
+102 CD B-NP
+% NN I-NP
+; : O
+9 CD B-NP
+3\/8 CD I-NP
+% NN I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1993 CD B-NP
+at IN B-PP
+100 CD B-NP
+% NN I-NP
+; : O
+and CC O
+8 CD B-NP
+3\/8 CD I-NP
+% NN I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1996 CD B-NP
+at IN B-PP
+95.25 CD B-NP
+% NN I-NP
+. . O
+
+Holiday NNP B-NP
+said VBD B-VP
+its PRP$ B-NP
+15 CD I-NP
+% NN I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1992 CD B-NP
+also RB B-ADVP
+will MD B-VP
+be VB I-VP
+included VBN I-VP
+in IN B-PP
+the DT B-NP
+tender NN I-NP
+offer NN I-NP
+and CC I-NP
+consent NN I-NP
+solicitation NN I-NP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+to TO B-VP
+be VB I-VP
+determined VBN I-VP
+by IN B-PP
+Holiday NNP B-NP
+prior RB B-ADVP
+to TO B-PP
+the DT B-NP
+commencement NN I-NP
+of IN B-PP
+the DT B-NP
+offer NN I-NP
+. . O
+
+The DT B-NP
+television NN I-NP
+units NNS I-NP
+of IN B-PP
+Paramount NNP B-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+and CC O
+MCA NNP B-NP
+Inc. NNP I-NP
+are VBP B-VP
+exploring VBG I-VP
+the DT B-NP
+possibility NN I-NP
+of IN B-PP
+offering NN B-VP
+prime-time JJ B-NP
+programming NN I-NP
+to TO B-PP
+independent JJ B-NP
+stations NNS I-NP
+two CD B-NP
+nights NNS I-NP
+a DT B-NP
+week NN I-NP
+, , O
+industry NN B-NP
+executives NNS I-NP
+say VBP B-VP
+. . O
+
+Although IN B-SBAR
+such JJ B-NP
+a DT I-NP
+venture NN I-NP
+would MD B-VP
+n't RB I-VP
+match VB I-VP
+the DT B-NP
+`` `` I-NP
+fourth JJ I-NP
+network NN I-NP
+'' '' O
+created VBN B-VP
+by IN B-PP
+News NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+Fox NNP I-NP
+Broadcasting NNP I-NP
+Co. NNP I-NP
+, , O
+MCA NNP B-NP
+and CC I-NP
+Paramount NNP I-NP
+may MD B-VP
+have VB I-VP
+similar JJ B-NP
+ambitions NNS I-NP
+. . O
+
+Fox NNP B-NP
+, , O
+which WDT B-NP
+also RB B-ADVP
+owns VBZ B-VP
+six CD B-NP
+TV NN I-NP
+stations NNS I-NP
+, , O
+provides VBZ B-VP
+programs NNS B-NP
+three CD B-NP
+nights NNS I-NP
+a DT B-NP
+week NN I-NP
+to TO B-PP
+those DT B-NP
+and CC I-NP
+other JJ I-NP
+affiliates NNS I-NP
+. . O
+
+Paramount NNP B-NP
+Domestic JJ I-NP
+TV NN I-NP
+and CC O
+MCA NNP B-NP
+TV NN I-NP
+formed VBD B-VP
+a DT B-NP
+joint JJ I-NP
+venture NN I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+named VBN B-VP
+Premier NNP B-NP
+Advertiser NNP I-NP
+Sales NNS I-NP
+, , O
+to TO B-VP
+sell VB I-VP
+advertising NN B-NP
+in IN B-PP
+programs NNS B-NP
+syndicated VBN B-VP
+by IN B-PP
+both DT B-NP
+companies NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+`` `` O
+Star NNP B-NP
+Trek NNP I-NP
+: : O
+the DT B-NP
+Next NNP I-NP
+Generation NNP I-NP
+, , O
+'' '' O
+`` `` O
+Charles NNP B-NP
+in IN B-PP
+Charge NNP B-NP
+'' '' O
+and CC O
+`` `` O
+Friday NNP B-NP
+the DT B-NP
+13th JJ I-NP
+: : O
+the DT B-NP
+Series NNP I-NP
+. . O
+'' '' O
+
+A DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+Paramount NNP B-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+does VBZ B-VP
+n't RB I-VP
+comment VB I-VP
+on IN B-PP
+speculation NN B-NP
+. . O
+
+Calls NNS B-NP
+to TO B-PP
+Shelly NNP B-NP
+Schwab NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+MCA NNP B-NP
+TV NN I-NP
+, , O
+were VBD B-VP
+n't RB I-VP
+returned VBN I-VP
+. . O
+
+The DT B-NP
+two CD I-NP
+companies NNS I-NP
+, , O
+like IN B-PP
+Fox NNP B-NP
+, , O
+already RB B-ADVP
+have VBP B-VP
+their PRP$ B-NP
+own JJ I-NP
+TV NN I-NP
+stations NNS I-NP
+. . O
+
+MCA NNP B-NP
+owns VBZ B-VP
+WWOR NNP B-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+and CC O
+Paramount NNP B-NP
+last JJ B-NP
+month NN I-NP
+agreed VBD B-VP
+to TO I-VP
+purchase VB I-VP
+a DT B-NP
+79 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+TVX NNP I-NP
+Broadcast NNP I-NP
+Group NNP I-NP
+from IN B-PP
+Salomon NNP B-NP
+Inc. NNP I-NP
+in IN B-PP
+a DT B-NP
+deal NN I-NP
+valued VBN B-VP
+at IN B-PP
+$ $ B-NP
+140 CD I-NP
+million CD I-NP
+. . O
+
+TVX NNP B-NP
+owns VBZ B-VP
+five CD B-NP
+stations NNS I-NP
+, , O
+including VBG B-PP
+WTXF NNP B-NP
+, , O
+a DT B-NP
+Fox NNP I-NP
+affiliate NN I-NP
+, , O
+in IN B-PP
+Philadelphia NNP B-NP
+. . O
+
+One CD B-NP
+broadcasting NN I-NP
+executive NN I-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+project NN I-NP
+said VBD B-VP
+the DT B-NP
+co-venture NN I-NP
+would MD B-VP
+target VB I-VP
+stations NNS B-NP
+affiliated VBN B-VP
+with IN B-PP
+Fox NNP B-NP
+because IN B-SBAR
+Fox NNP B-NP
+has VBZ B-VP
+the DT B-NP
+desirable JJ I-NP
+independent JJ I-NP
+stations NNS I-NP
+in IN B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+key JJ I-NP
+cities NNS I-NP
+. . O
+
+Currently RB B-ADVP
+, , O
+Fox NNP B-NP
+supplies NNS B-VP
+programs NNS B-NP
+on IN B-PP
+Saturdays NNPS B-NP
+, , I-NP
+Sundays NNPS I-NP
+and CC I-NP
+Mondays NNPS I-NP
+, , O
+although IN B-SBAR
+the DT B-NP
+company NN I-NP
+plans NNS B-VP
+to TO I-VP
+expand VB I-VP
+to TO B-PP
+other JJ B-NP
+weeknights NNS I-NP
+. . O
+
+Jamie NNP B-NP
+Kellner NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Fox NNP B-NP
+Broadcasting NNP I-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+We PRP B-NP
+believe VBP B-VP
+the DT B-NP
+partnership NN I-NP
+of IN B-PP
+Fox NNP B-NP
+, , O
+its PRP$ B-NP
+affiliates NNS I-NP
+and CC O
+advertisers NNS B-NP
+is VBZ B-VP
+succeeding VBG I-VP
+and CC O
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+grow VB I-VP
+. . O
+'' '' O
+
+Another DT B-NP
+Fox NNP I-NP
+official NN I-NP
+, , O
+who WP B-NP
+declined VBD B-VP
+to TO I-VP
+be VB I-VP
+identified VBN I-VP
+, , O
+said VBD B-VP
+Fox NNP B-NP
+was VBD B-VP
+n't RB I-VP
+pleased VBN I-VP
+by IN B-PP
+the DT B-NP
+possible JJ I-NP
+Paramount-MCA JJ I-NP
+venture NN I-NP
+into IN B-PP
+prime-time JJ B-NP
+programming NN I-NP
+. . O
+
+`` `` O
+To TO B-VP
+make VB I-VP
+the DT B-NP
+venture NN I-NP
+work NN B-VP
+, , O
+they PRP B-NP
+would MD B-VP
+need VB I-VP
+Fox NNP B-NP
+affiliates NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+spent VBD B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+time NN B-NP
+and CC I-NP
+money NN I-NP
+in IN B-PP
+building VBG B-VP
+our PRP$ B-NP
+group NN I-NP
+of IN B-PP
+stations NNS B-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+Fox NNP B-NP
+does VBZ B-VP
+n't RB I-VP
+`` `` I-VP
+appreciate VB I-VP
+'' '' O
+another DT B-NP
+company NN I-NP
+attempting VBG B-VP
+to TO I-VP
+usurp VB I-VP
+its PRP$ B-NP
+station NN I-NP
+lineup NN I-NP
+. . O
+
+Fox NNP B-NP
+said VBD B-VP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+offer VB I-VP
+its PRP$ B-NP
+stations NNS I-NP
+movies NNS B-NP
+, , O
+theatrical JJ B-NP
+and CC I-NP
+made-for-TV JJ I-NP
+ventures NNS I-NP
+, , O
+probably RB B-ADVP
+on IN B-PP
+Wednesdays NNS B-NP
+, , O
+sometime RB B-ADVP
+next JJ B-NP
+year NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+also RB I-VP
+planning VBG I-VP
+another DT B-NP
+night NN I-NP
+of IN B-PP
+original JJ B-NP
+series NN I-NP
+. . O
+
+Paramount NNP B-NP
+and CC I-NP
+MCA NNP I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+broadcasting NN I-NP
+executive NN I-NP
+, , O
+plan NN B-VP
+to TO I-VP
+offer VB I-VP
+theatrical JJ B-NP
+movies NNS I-NP
+produced VBN B-VP
+separately RB B-ADVP
+by IN B-PP
+Paramount NNP B-NP
+and CC I-NP
+MCA NNP I-NP
+for IN B-PP
+Wednesdays NNS B-NP
+and CC O
+perhaps RB B-ADVP
+a DT B-NP
+block NN I-NP
+of IN B-PP
+original JJ B-NP
+shows NNS I-NP
+Fridays NNPS B-NP
+. . O
+
+The DT B-NP
+executive NN I-NP
+said VBD B-VP
+Paramount NNP B-NP
+and CC I-NP
+MCA NNP I-NP
+have VBP B-VP
+also RB I-VP
+held VBN I-VP
+discussions NNS B-NP
+with IN B-PP
+Chris-Craft NNP B-NP
+Industries NNPS I-NP
+' POS B-NP
+broadcasting NN I-NP
+unit NN I-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+five CD B-NP
+independent JJ I-NP
+stations NNS I-NP
+in IN B-PP
+cities NNS B-NP
+such JJ B-PP
+as IN I-PP
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+San NNP B-NP
+Francisco NNP I-NP
+and CC O
+Portland NNP B-NP
+, , O
+Ore NNP B-NP
+. . O
+
+A DT B-NP
+Chris-Craft NNP I-NP
+station NN I-NP
+manager NN I-NP
+said VBD B-VP
+there EX B-NP
+have VBP B-VP
+been VBN I-VP
+no DT B-NP
+formal JJ I-NP
+talks NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+to TO B-PP
+Fox NNP B-NP
+'s POS B-NP
+advantage NN I-NP
+to TO B-VP
+be VB I-VP
+associated VBN I-VP
+with IN B-PP
+the DT B-NP
+Paramount-MCA JJ I-NP
+venture NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Michael NNP B-NP
+Conway NNP I-NP
+, , O
+station NN B-NP
+manager NN I-NP
+of IN B-PP
+WTXF NNP B-NP
+, , O
+the DT B-NP
+TVX NNP I-NP
+station NN I-NP
+that WDT B-NP
+is VBZ B-VP
+a DT B-NP
+Fox NNP I-NP
+affiliate NN I-NP
+. . O
+
+Mr. NNP B-NP
+Conway NNP I-NP
+said VBD B-VP
+the DT B-NP
+Fox NNP I-NP
+shows VBZ I-NP
+appearing VBG B-VP
+on IN B-PP
+nights NNS B-NP
+when WRB B-ADVP
+Paramount-MCA JJ B-NP
+shows NNS I-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+offered VBN I-VP
+could MD B-VP
+be VB I-VP
+promoted VBN I-VP
+on IN B-PP
+the DT B-NP
+programs NNS I-NP
+produced VBN B-VP
+by IN B-PP
+Paramount-MCA JJ B-NP
+. . O
+
+Michael NNP B-NP
+Fisher NNP I-NP
+, , O
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+KTXL NNP B-NP
+, , O
+a DT B-NP
+Fox NNP I-NP
+affiliate NN I-NP
+in IN B-PP
+Sacramento NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+The DT B-NP
+real JJ I-NP
+question NN I-NP
+is VBZ B-VP
+whether IN B-SBAR
+the DT B-NP
+Paramount-MCA JJ I-NP
+offering NN I-NP
+is VBZ B-VP
+practical JJ B-ADJP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+n't RB O
+... : O
+. . O
+
+Why WRB B-ADVP
+would MD O
+I PRP B-NP
+consider VB B-VP
+giving VBG I-VP
+up IN B-PRT
+Fox NNP B-NP
+, , O
+a DT B-NP
+proven VBN I-NP
+commodity NN I-NP
+, , O
+'' '' O
+for IN B-PP
+an DT B-NP
+unknown JJ I-NP
+venture NN I-NP
+? . O
+
+Fox NNP B-NP
+attracts VBZ B-VP
+a DT B-NP
+young JJ I-NP
+audience NN I-NP
+with IN B-PP
+shows VBZ B-NP
+such JJ B-PP
+as IN I-PP
+`` `` O
+Married VBN B-VP
+... : O
+With IN B-PP
+Children NNS B-NP
+, , O
+'' '' O
+its PRP$ B-NP
+most RBS I-NP
+successful JJ I-NP
+series NN I-NP
+. . O
+
+Banco NNP B-NP
+Popular NNP I-NP
+de FW I-NP
+Puerto NNP I-NP
+Rico NNP I-NP
+and CC O
+BanPonce NNP B-NP
+Corp. NNP I-NP
+-- : O
+agreed VBD B-VP
+to TO I-VP
+merge VB I-VP
+in IN B-PP
+a DT B-NP
+transaction NN I-NP
+valued VBN B-VP
+at IN B-PP
+$ $ B-NP
+324 CD I-NP
+million CD I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+agreement NN I-NP
+, , O
+BanPonce NNP B-NP
+stockholders NNS I-NP
+will MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+exchange VB I-VP
+each DT B-NP
+of IN B-PP
+their PRP$ B-NP
+shares NNS I-NP
+for IN B-PP
+either DT O
+shares NNS B-NP
+in IN B-PP
+the DT B-NP
+new JJ I-NP
+entity NN I-NP
+or CC O
+cash NN B-NP
+. . O
+
+In IN B-PP
+each DT B-NP
+case NN I-NP
+, , O
+the DT B-NP
+exchange NN I-NP
+is VBZ B-VP
+valued VBN I-VP
+at IN B-PP
+$ $ B-NP
+56.25 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+two CD I-NP
+companies NNS I-NP
+, , O
+both DT B-NP
+based VBN B-VP
+in IN B-PP
+San NNP B-NP
+Juan NNP I-NP
+, , O
+will MD B-VP
+form VB I-VP
+a DT B-NP
+bank NN I-NP
+holding VBG I-NP
+company NN I-NP
+with IN B-PP
+assets NNS B-NP
+of IN B-PP
+just RB B-NP
+over IN I-NP
+$ $ I-NP
+9 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+holding VBG I-NP
+company NN I-NP
+will MD B-VP
+be VB I-VP
+called VBN I-VP
+BanPonce NNP B-NP
+Corp NNP I-NP
+. . O
+
+The DT B-NP
+primary JJ I-NP
+subsidiary NN I-NP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+combined VBN I-NP
+banking NN I-NP
+operations NNS I-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+companies NNS I-NP
+and CC O
+will MD B-VP
+be VB I-VP
+known VBN I-VP
+as IN B-PP
+Banco NNP B-NP
+Popular NNP I-NP
+de FW I-NP
+Puerto NNP I-NP
+Rico NNP I-NP
+. . O
+
+Rafael NNP B-NP
+Carrion NNP I-NP
+Jr. NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Banco NNP B-NP
+Popular NNP I-NP
+, , O
+will MD B-VP
+be VB I-VP
+the DT B-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+holding VBG I-NP
+company NN I-NP
+. . O
+
+Alberto NNP B-NP
+M. NNP I-NP
+Paracchini NNP I-NP
+, , O
+currently JJ B-ADVP
+chairman NN B-NP
+of IN B-PP
+BanPonce NNP B-NP
+, , O
+will MD B-VP
+serve VB I-VP
+as IN B-PP
+president NN B-NP
+of IN B-PP
+the DT B-NP
+bank NN I-NP
+holding VBG I-NP
+company NN I-NP
+and CC O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+subsidiary NN I-NP
+. . O
+
+Banco NNP B-NP
+Popular NNP I-NP
+originally RB B-ADVP
+proposed VBD B-VP
+the DT B-NP
+merger NN I-NP
+in IN B-PP
+July NNP B-NP
+, , O
+in IN B-PP
+a DT B-NP
+cash NN I-NP
+and CC I-NP
+stock NN I-NP
+transaction NN I-NP
+valued VBN B-VP
+at IN B-PP
+$ $ B-NP
+50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+or CC O
+about RB B-NP
+$ $ I-NP
+293 CD I-NP
+million CD I-NP
+. . O
+
+BanPonce NNP B-NP
+reacted VBD B-VP
+cooly RB B-ADVP
+at IN B-PP
+first JJ B-ADJP
+, , O
+but CC O
+appeared VBD B-VP
+to TO I-VP
+be VB I-VP
+won VBN I-VP
+over IN B-PRT
+, , O
+analysts NNS B-NP
+said VBD B-VP
+, , O
+by IN B-PP
+Banco NNP B-NP
+Popular NNP I-NP
+'s POS B-NP
+assurances NNS I-NP
+that IN B-SBAR
+it PRP B-NP
+wanted VBD B-VP
+only RB B-NP
+a DT I-NP
+friendly JJ I-NP
+transaction NN I-NP
+. . O
+
+`` `` O
+Banco NNP B-NP
+Popular NNP I-NP
+just RB B-ADVP
+kept VBD B-VP
+waiting VBG I-VP
+, , O
+'' '' O
+said VBD B-VP
+Edward NNP B-NP
+Thompson NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+and CC I-NP
+analyst NN I-NP
+at IN B-PP
+Thomson NNP B-NP
+BankWatch NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+got VBD B-VP
+a DT B-NP
+transaction NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+good JJ B-ADJP
+for IN B-PP
+both DT B-NP
+companies NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+two CD I-NP
+banks NNS I-NP
+appear VBP B-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+good JJ I-NP
+fit NN I-NP
+. . O
+
+BanPonce NNP B-NP
+caters VBZ B-VP
+to TO B-PP
+a DT B-NP
+more RBR I-NP
+affluent JJ I-NP
+customer NN I-NP
+, , O
+while IN B-SBAR
+Banco NNP B-NP
+Popular NNP I-NP
+has VBZ B-VP
+always RB I-VP
+had VBN I-VP
+a DT B-NP
+large JJ I-NP
+presence NN I-NP
+among IN B-PP
+middle-income JJ B-NP
+and CC I-NP
+lower-income JJ I-NP
+markets NNS I-NP
+. . O
+
+The DT B-NP
+merger NN I-NP
+should MD B-VP
+also RB I-VP
+allow VB I-VP
+the DT B-NP
+companies NNS I-NP
+to TO B-VP
+reduce VB I-VP
+costs NNS B-NP
+by IN B-PP
+combining VBG B-VP
+operations NNS B-NP
+in IN B-PP
+many JJ B-NP
+locations NNS I-NP
+in IN B-PP
+Puerto NNP B-NP
+Rico NNP I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+often RB B-ADVP
+right NN B-ADVP
+across IN B-PP
+the DT B-NP
+street NN I-NP
+from IN B-PP
+one CD B-NP
+another DT I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Thompson NNP I-NP
+said VBD B-VP
+. . O
+
+Richard NNP B-NP
+Carrion NNP I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+currently JJ B-ADVP
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Banco NNP B-NP
+Popular NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+merger NN I-NP
+will MD B-VP
+result VB I-VP
+in IN B-PP
+a DT B-NP
+`` `` I-NP
+larger JJR I-NP
+and CC I-NP
+stronger RBR I-NP
+locally RB I-NP
+based VBN I-NP
+bank NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Carrion NNP I-NP
+, , O
+who WP B-NP
+will MD B-VP
+now RB I-VP
+serve VB I-VP
+as IN B-PP
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+the DT B-NP
+subsidiary NN I-NP
+bank NN I-NP
+, , O
+added VBD B-VP
+: : O
+`` `` O
+We PRP B-NP
+'ll MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+better JJR I-VP
+compete VB I-VP
+with IN B-PP
+large JJ B-NP
+foreign JJ I-NP
+banks NNS I-NP
+. . O
+
+It PRP B-NP
+makes VBZ B-VP
+sense NN B-NP
+from IN B-PP
+a DT B-NP
+strategic JJ I-NP
+standpoint NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+newly RB I-NP
+merged VBN I-NP
+company NN I-NP
+will MD B-VP
+have VB I-VP
+165 CD B-NP
+branches NNS I-NP
+in IN B-PP
+Puerto NNP B-NP
+Rico NNP I-NP
+and CC O
+27 CD B-NP
+branches NNS I-NP
+outside IN B-ADVP
+of IN B-PP
+the DT B-NP
+island NN I-NP
+. . O
+
+The DT B-NP
+banks NNS I-NP
+said VBD B-VP
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+the DT B-NP
+merger NN I-NP
+to TO B-VP
+face VB I-VP
+any DT B-NP
+regulatory JJ I-NP
+hurdles NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Carrion NNP I-NP
+said VBD B-VP
+the DT B-NP
+merger NN I-NP
+should MD B-VP
+be VB I-VP
+completed VBN I-VP
+in IN B-PP
+six CD B-NP
+to TO I-NP
+nine CD I-NP
+months NNS I-NP
+. . O
+
+Hit VBN B-VP
+by IN B-PP
+higher JJR B-NP
+costs NNS I-NP
+and CC O
+lower JJR B-NP
+sales NNS I-NP
+, , O
+Caterpillar NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+tumbled VBD B-VP
+43 CD B-NP
+% NN I-NP
+and CC O
+full-year JJ B-NP
+earnings NNS I-NP
+will MD B-VP
+trail VB I-VP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+results NNS I-NP
+. . O
+
+The DT B-NP
+construction NN I-NP
+equipment NN I-NP
+maker NN I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+profit NN I-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+108 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.07 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+190 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.87 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+dropped VBD B-VP
+6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.58 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.74 CD I-NP
+billion CD I-NP
+, , O
+reflecting VBG B-VP
+eight CD B-NP
+fewer JJR I-NP
+business NN I-NP
+days NNS I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+in IN B-PP
+a DT B-NP
+costly JJ I-NP
+modernization NN I-NP
+program NN I-NP
+, , O
+said VBD B-VP
+earnings NNS B-NP
+were VBD B-VP
+hurt VBN I-VP
+by IN B-PP
+higher JJR B-NP
+start-up JJ I-NP
+and CC I-NP
+new JJ I-NP
+program NN I-NP
+costs NNS I-NP
+, , O
+increased VBN B-NP
+costs NNS I-NP
+of IN B-PP
+materials NNS B-NP
+, , O
+higher JJR B-NP
+wages NNS I-NP
+and CC O
+an DT B-NP
+$ $ I-NP
+11 CD I-NP
+million CD I-NP
+provision NN I-NP
+for IN B-PP
+bad JJ B-NP
+debts NNS I-NP
+in IN B-PP
+Latin NNP B-NP
+America NNP I-NP
+. . O
+
+In IN B-PP
+announcing VBG B-VP
+a DT B-NP
+1989 CD I-NP
+capital NN I-NP
+spending NN I-NP
+plan NN I-NP
+of IN B-PP
+$ $ B-NP
+950 CD I-NP
+million CD I-NP
+early JJ B-NP
+this DT I-NP
+year NN I-NP
+, , O
+Caterpillar NNP B-NP
+said VBD B-VP
+full-year JJ B-NP
+earnings NNS I-NP
+would MD B-VP
+be VB I-VP
+flat RB B-ADJP
+compared VBN B-PP
+with IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+$ $ I-NP
+616 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+6.07 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+But CC O
+yesterday NN B-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+profit NN I-NP
+will MD B-VP
+be VB I-VP
+lower JJR B-ADJP
+. . O
+
+It PRP B-NP
+did VBD B-VP
+n't RB I-VP
+say VB I-VP
+by IN B-PP
+how WRB B-NP
+much JJ I-NP
+. . O
+
+Suffering VBG B-VP
+from IN B-PP
+a DT B-NP
+downturn NN I-NP
+in IN B-PP
+heavy JJ B-NP
+truck NN I-NP
+production NN I-NP
+that WDT B-NP
+cut VBP B-VP
+orders NNS B-NP
+for IN B-PP
+its PRP$ B-NP
+engines NNS I-NP
+, , O
+Caterpillar NNP B-NP
+also RB B-ADVP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+indefinitely RB I-VP
+lay VB I-VP
+off IN B-PRT
+about IN B-NP
+325 CD I-NP
+workers NNS I-NP
+in IN B-PP
+the DT B-NP
+Peoria NNP I-NP
+area NN I-NP
+and CC O
+temporarily RB B-VP
+shut VBN I-VP
+its PRP$ B-NP
+plant NN I-NP
+in IN B-PP
+York NNP B-NP
+, , O
+Pa. NNP B-NP
+, , O
+for IN B-PP
+two CD B-NP
+weeks NNS I-NP
+in IN B-PP
+both DT B-NP
+November NNP I-NP
+and CC I-NP
+December NNP I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+Caterpillar NNP B-NP
+said VBD B-VP
+earnings NNS B-NP
+fell VBD B-VP
+14 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+390 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.85 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+453 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.46 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+8.19 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+7.65 CD I-NP
+billion CD I-NP
+. . O
+
+Millicom NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+two CD B-NP
+companies NNS I-NP
+to TO B-VP
+receive VB I-VP
+a DT B-NP
+license NN I-NP
+to TO B-VP
+introduce VB I-VP
+and CC I-VP
+operate VB I-VP
+a DT B-NP
+cellular JJ I-NP
+mobile JJ I-NP
+telephone NN I-NP
+system NN I-NP
+in IN B-PP
+Pakistan NNP B-NP
+. . O
+
+The DT B-NP
+market NN I-NP
+during IN B-PP
+the DT B-NP
+start-up NN I-NP
+is VBZ B-VP
+estimated VBN I-VP
+at IN B-PP
+25,000 CD B-NP
+subscribers NNS I-NP
+. . O
+
+A DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+Millicom NNP B-NP
+, , O
+a DT B-NP
+telecommunications NNS I-NP
+company NN I-NP
+, , O
+said VBD B-VP
+she PRP B-NP
+did VBD B-VP
+n't RB I-VP
+know VB I-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+contract NN I-NP
+. . O
+
+Cable NNP B-NP
+& CC I-NP
+Wireless NNP I-NP
+PLC NNP I-NP
+of IN B-PP
+Britain NNP B-NP
+won VBD B-VP
+the DT B-NP
+other JJ I-NP
+license NN I-NP
+. . O
+
+Millicom NNP B-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+build VB I-VP
+and CC I-VP
+operate VB I-VP
+the DT B-NP
+system NN I-NP
+in IN B-PP
+Pakistan NNP B-NP
+with IN B-PP
+Comvik NNP B-NP
+International NNP I-NP
+AB NNP I-NP
+, , O
+part NN B-NP
+of IN B-PP
+the DT B-NP
+Kinnevik NNP I-NP
+group NN I-NP
+of IN B-PP
+Sweden NNP B-NP
+, , O
+and CC O
+Arfeen NNP B-NP
+International NNP I-NP
+, , O
+Pakistan NNP B-NP
+. . O
+
+B.A.T NNP B-NP
+Industries NNP I-NP
+PLC NNP I-NP
+won VBD B-VP
+overwhelming JJ B-NP
+shareholder NN I-NP
+approval NN I-NP
+for IN B-PP
+a DT B-NP
+defensive JJ I-NP
+restructuring NN I-NP
+to TO B-VP
+fend VB I-VP
+off IN B-PRT
+a DT O
+# # O
+13.35 CD O
+billion CD O
+-LRB- ( O
+$ $ B-ADJP
+21.23 CD O
+billion CD O
+-RRB- ) O
+takeover NN B-NP
+bid NN I-NP
+from IN B-PP
+Sir NNP B-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+. . O
+
+At IN B-PP
+a DT B-NP
+shareholders NNS I-NP
+' POS B-NP
+meeting NN I-NP
+in IN B-PP
+London NNP B-NP
+, , O
+the DT B-NP
+tobacco NN I-NP
+, , I-NP
+financial-services NNS I-NP
+and CC I-NP
+retailing NN I-NP
+giant NN I-NP
+said VBD B-VP
+it PRP B-NP
+received VBD B-VP
+99.9 CD B-NP
+% NN I-NP
+approval NN I-NP
+from IN B-PP
+voting NN B-NP
+holders NNS I-NP
+for IN B-PP
+plans NNS B-NP
+to TO B-VP
+spin VB I-VP
+off IN B-PRT
+about RB B-NP
+$ $ I-NP
+6 CD I-NP
+billion CD I-NP
+in IN B-PP
+assets NNS B-NP
+. . O
+
+B.A.T NNP B-NP
+aims VBZ B-VP
+to TO I-VP
+sell VB I-VP
+such JJ B-NP
+U.S. NNP I-NP
+retailing NN I-NP
+units NNS I-NP
+as IN B-PP
+Marshall NNP B-NP
+Field NNP I-NP
+and CC O
+Saks NNP B-NP
+Fifth NNP I-NP
+Avenue NNP I-NP
+and CC O
+float VB B-VP
+its PRP$ B-NP
+big JJ I-NP
+paper NN I-NP
+and CC I-NP
+British JJ I-NP
+retailing NN I-NP
+businesses NNS I-NP
+via IN B-PP
+share NN B-NP
+issues NNS I-NP
+to TO B-PP
+existing VBG B-NP
+holders NNS I-NP
+. . O
+
+Proceeds NNS B-NP
+will MD B-VP
+help VB I-VP
+pay VB I-VP
+for IN B-PP
+a DT B-NP
+planned VBN I-NP
+buy-back NN I-NP
+of IN B-PP
+10 CD B-NP
+% NN I-NP
+, , O
+or CC O
+about IN B-NP
+153 CD I-NP
+million CD I-NP
+, , O
+of IN B-PP
+its PRP$ B-NP
+shares NNS I-NP
+and CC O
+a DT B-NP
+50 CD I-NP
+% NN I-NP
+dividend NN I-NP
+increase NN I-NP
+. . O
+
+B.A.T NN B-NP
+yesterday NN B-NP
+started VBD B-VP
+its PRP$ B-NP
+share NN I-NP
+buy-back NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+acquired VBD B-VP
+2.5 CD B-NP
+million CD I-NP
+shares NNS I-NP
+for IN B-PP
+785 CD B-NP
+pence NN I-NP
+-LRB- ( O
+$ $ B-NP
+12.48 CD I-NP
+-RRB- ) O
+each DT B-NP
+, , O
+or CC O
+a DT B-NP
+total NN I-NP
+of IN B-PP
+# # B-NP
+19.6 CD I-NP
+million CD I-NP
+-LRB- ( O
+$ $ B-NP
+31.2 CD I-NP
+million CD I-NP
+-RRB- ) O
+, , O
+from IN B-PP
+its PRP$ B-NP
+broker NN I-NP
+, , O
+Barclays NNP B-NP
+de FW I-NP
+Zoete NNP I-NP
+Wedd NNP I-NP
+. . O
+
+The DT B-NP
+share NN I-NP
+buy-back NN I-NP
+plan NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+underpin VB I-VP
+B.A.T NNP B-NP
+'s POS B-NP
+share NN I-NP
+price NN I-NP
+. . O
+
+B.A.T NNP B-NP
+said VBD B-VP
+it PRP B-NP
+may MD B-VP
+make VB I-VP
+more JJR B-NP
+equity NN I-NP
+purchases NNS I-NP
+until IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+business NN B-NP
+today NN B-NP
+, , O
+depending VBG B-PP
+on IN B-PP
+market NN B-NP
+conditions NNS I-NP
+, , O
+but CC O
+will MD B-VP
+cease VB I-VP
+further JJ B-NP
+purchases NNS I-NP
+until IN B-PP
+Nov. NNP B-NP
+22 CD I-NP
+, , O
+when WRB B-ADVP
+it PRP B-NP
+releases VBZ B-VP
+third-quarter JJ B-NP
+results NNS I-NP
+. . O
+
+B.A.T NN B-NP
+shares NNS I-NP
+rose VBD B-VP
+29 CD B-NP
+pence NN I-NP
+to TO B-PP
+783 CD B-NP
+pence NN I-NP
+on IN B-PP
+London NNP B-NP
+'s POS B-NP
+stock NN I-NP
+exchange NN I-NP
+yesterday NN B-NP
+. . O
+
+Shareholder NN B-NP
+approval NN I-NP
+sets VBZ B-VP
+the DT B-NP
+stage NN I-NP
+for IN B-PP
+a DT B-NP
+lengthy JJ I-NP
+process NN I-NP
+of IN B-PP
+restructuring NN B-NP
+that WDT B-NP
+might MD B-VP
+not RB I-VP
+be VB I-VP
+completed VBN I-VP
+until IN B-PP
+next JJ B-NP
+year NN I-NP
+'s POS B-NP
+second JJ I-NP
+half NN I-NP
+. . O
+
+Before IN B-PP
+the DT B-NP
+recent JJ I-NP
+tumult NN I-NP
+in IN B-PP
+global JJ B-NP
+financial JJ I-NP
+markets NNS I-NP
+, , O
+B.A.T NNP B-NP
+officials NNS I-NP
+, , I-NP
+holders NNS I-NP
+and CC I-NP
+analysts NNS I-NP
+had VBD B-VP
+expected VBN I-VP
+a DT B-NP
+substantial JJ I-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+restructuring NN I-NP
+to TO B-VP
+be VB I-VP
+complete JJ B-ADJP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+not RB O
+in IN B-PP
+any DT B-NP
+hurry NN I-NP
+to TO B-VP
+sell VB I-VP
+'' '' O
+Saks NNP B-NP
+, , O
+Marshall NNP B-NP
+Field NNP I-NP
+or CC O
+B.A.T NNP B-NP
+'s POS B-NP
+other JJ I-NP
+U.S. NNP I-NP
+retail JJ I-NP
+properties NNS I-NP
+, , O
+said VBD B-VP
+Chairman NNP B-NP
+Patrick NNP I-NP
+Sheehy NNP I-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+n't RB O
+a DT B-NP
+distress NN I-NP
+sale NN I-NP
+. . O
+
+We PRP B-NP
+are VBP B-VP
+determined VBN I-VP
+to TO I-VP
+get VB I-VP
+good JJ B-NP
+prices NNS I-NP
+. . O
+'' '' O
+
+Company NN B-NP
+officials NNS I-NP
+say VBP B-VP
+the DT B-NP
+flotations NNS I-NP
+of IN B-PP
+the DT B-NP
+paper NN I-NP
+and CC I-NP
+British JJ I-NP
+retailing NN I-NP
+businesses NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+only RB B-ADVP
+after IN B-PP
+the DT B-NP
+disposals NNS I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+retailing NN I-NP
+assets NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+Sir NNP B-NP
+James NNP I-NP
+still RB B-ADVP
+is VBZ B-VP
+pursuing VBG I-VP
+efforts NNS B-NP
+to TO B-VP
+gain VB I-VP
+U.S. NNP B-NP
+insurance NN I-NP
+regulators NNS I-NP
+' POS B-NP
+approval NN I-NP
+for IN B-PP
+a DT B-NP
+change NN I-NP
+in IN B-PP
+control NN B-NP
+of IN B-PP
+B.A.T NNP B-NP
+'s POS B-NP
+Farmers NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+unit NN I-NP
+. . O
+
+The DT B-NP
+Anglo-French JJ I-NP
+financier NN I-NP
+has VBZ B-VP
+indicated VBN I-VP
+he PRP B-NP
+intends VBZ B-VP
+to TO I-VP
+bid VB I-VP
+again RB B-ADVP
+for IN B-PP
+B.A.T NNP B-NP
+if IN B-SBAR
+he PRP B-NP
+receives VBZ B-VP
+approval NN B-NP
+. . O
+
+Hasbro NNP B-NP
+Inc. NNP I-NP
+, , O
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+largest JJS I-NP
+toy NN I-NP
+maker NN I-NP
+, , O
+reported VBD B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+increased VBN B-VP
+73 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+on IN B-PP
+a DT B-NP
+9.4 CD I-NP
+% NN I-NP
+sales NNS I-NP
+gain NN I-NP
+, , O
+reflecting VBG B-VP
+improved VBN B-NP
+margins NNS I-NP
+. . O
+
+Hasbro NNP B-NP
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+31.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+53 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+18.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+31 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+when WRB B-ADVP
+it PRP B-NP
+took VBD B-VP
+a DT B-NP
+pretax JJ I-NP
+charge NN I-NP
+of IN B-PP
+$ $ B-NP
+10 CD I-NP
+million CD I-NP
+after IN B-PP
+dropping VBG B-VP
+development NN B-NP
+of IN B-PP
+an DT B-NP
+interactive JJ I-NP
+video NN I-NP
+entertainment NN I-NP
+system NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+403 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+368.4 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+cited VBD B-VP
+sales NNS B-NP
+gains NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+Milton NNP I-NP
+Bradley NNP I-NP
+and CC I-NP
+Playskool NNP I-NP
+units NNS I-NP
+and CC B-PP
+in IN B-PP
+its PRP$ B-NP
+international JJ I-NP
+business NN I-NP
+for IN B-PP
+the DT B-NP
+increase NN I-NP
+in IN B-PP
+revenue NN B-NP
+. . O
+
+Alan NNP B-NP
+G. NNP I-NP
+Hassenfeld NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+, , O
+added VBD B-VP
+that IN O
+Hasbro NNP B-NP
+'s POS B-NP
+new JJ I-NP
+line NN I-NP
+of IN B-PP
+battery-powered JJ B-NP
+racing NN I-NP
+cars NNS I-NP
+, , O
+called VBN B-VP
+Record NNP B-NP
+Breakers NNP I-NP
+, , O
+and CC O
+its PRP$ B-NP
+acquisition NN I-NP
+of IN B-PP
+Cabbage NNP B-NP
+Patch NNP I-NP
+Kids NNP I-NP
+, , O
+Scrabble NNP B-NP
+and CC O
+other JJ B-NP
+lines NNS I-NP
+from IN B-PP
+Coleco NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+puts VBZ B-VP
+the DT B-NP
+company NN I-NP
+`` `` O
+in IN B-PP
+a DT B-NP
+good JJ I-NP
+position NN I-NP
+as IN B-SBAR
+we PRP B-NP
+enter VBP B-VP
+the DT B-NP
+Christmas NNP I-NP
+buying VBG I-NP
+season NN I-NP
+. . O
+'' '' O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+Hasbro NNP B-NP
+'s POS B-NP
+net JJ I-NP
+income NN I-NP
+rose VBD B-VP
+33 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+68.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.15 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+51.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+88 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+a DT B-NP
+3.1 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+revenue NN B-NP
+to TO B-PP
+$ $ B-NP
+992.7 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+963 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Reebok NNP B-NP
+International NNP I-NP
+Ltd. NNP I-NP
+posted VBD B-VP
+a DT B-NP
+35 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+despite IN B-PP
+a DT B-NP
+slight JJ I-NP
+decline NN I-NP
+in IN B-PP
+sales NNS B-NP
+. . O
+
+The DT B-NP
+athletic JJ I-NP
+footwear NN I-NP
+maker NN I-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+49.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+44 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+37.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+32 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+declined VBD B-VP
+3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+524.5 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+539.4 CD I-NP
+million CD I-NP
+. . O
+
+Paul NNP B-NP
+Fireman NNP I-NP
+, , O
+Reebok NNP B-NP
+chairman NN I-NP
+and CC I-NP
+chief JJ I-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+Our PRP$ B-NP
+gains NNS I-NP
+in IN B-PP
+earnings NNS B-NP
+provide VBP B-VP
+further JJ B-NP
+evidence NN I-NP
+that IN B-SBAR
+the DT B-NP
+controls NNS I-NP
+we PRP B-NP
+have VBP B-VP
+put VBN I-VP
+in IN B-PP
+place NN B-NP
+and CC O
+our PRP$ B-NP
+sales NNS I-NP
+mix NN I-NP
+are VBP B-VP
+continuing VBG I-VP
+to TO I-VP
+improve VB I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+overall JJ I-NP
+profit NN I-NP
+performance NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+sales NNS B-NP
+to TO B-VP
+improve VB I-VP
+due JJ B-PP
+to TO I-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+new JJ B-NP
+products NNS I-NP
+, , O
+including VBG B-PP
+a DT B-NP
+`` `` I-NP
+pump NN I-NP
+'' '' I-NP
+basketball NN I-NP
+shoe NN I-NP
+that WDT B-NP
+can MD B-VP
+be VB I-VP
+inflated JJ I-VP
+to TO B-VP
+better JJR I-VP
+fit VB I-VP
+the DT B-NP
+foot NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net NN B-NP
+was VBD B-VP
+$ $ B-NP
+140 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.23 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+1.44 CD I-NP
+billion CD I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+Reebok NNP B-NP
+completed VBD B-VP
+the DT B-NP
+acquisition NN I-NP
+of IN B-PP
+CML NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+'s POS B-NP
+Boston NNP I-NP
+Whaler NNP I-NP
+unit NN I-NP
+, , O
+a DT B-NP
+builder NN I-NP
+of IN B-PP
+power NN B-NP
+boats NNS I-NP
+. . O
+
+CML NNP B-NP
+, , O
+Acton NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+had VBD B-VP
+agreed VBN I-VP
+to TO I-VP
+sell VB I-VP
+the DT B-NP
+unit NN I-NP
+to TO B-PP
+Reebok NNP B-NP
+for IN B-PP
+about RB B-NP
+$ $ I-NP
+42 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+agreement NN I-NP
+also RB B-ADVP
+called VBD B-VP
+for IN B-SBAR
+Reebok NNP B-NP
+to TO B-VP
+receive VB I-VP
+warrants NNS B-NP
+to TO B-VP
+purchase VB I-VP
+400,000 CD B-NP
+shares NNS I-NP
+of IN B-PP
+CML NNP B-NP
+common JJ I-NP
+at IN B-PP
+$ $ B-NP
+31.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+exercisable JJ B-ADJP
+at IN B-PP
+any DT B-NP
+time NN I-NP
+before IN B-PP
+July NNP B-NP
+1 CD I-NP
+, , O
+
+An DT B-NP
+outside JJ I-NP
+spokesman NN I-NP
+for IN B-PP
+CML NNP B-NP
+said VBD B-VP
+the DT B-NP
+terms NNS I-NP
+were VBD B-VP
+changed VBN I-VP
+to TO B-PP
+a DT B-NP
+minor JJ I-NP
+extent NN I-NP
+but CC O
+would MD B-VP
+n't RB I-VP
+disclose VB I-VP
+what WP B-NP
+those DT B-NP
+changes NNS I-NP
+were VBD B-VP
+. . O
+
+Pitney NNP B-NP
+Bowes NNP I-NP
+Inc. NNP I-NP
+directors NNS I-NP
+authorized VBD B-VP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+seek VB I-VP
+buyers NNS B-NP
+for IN B-PP
+its PRP$ B-NP
+Wheeler NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+subsidiary NN I-NP
+, , O
+a DT B-NP
+direct JJ I-NP
+mail NN I-NP
+marketer NN I-NP
+of IN B-PP
+office NN B-NP
+supplies NNS I-NP
+. . O
+
+Pitney NNP B-NP
+Bowes NNP I-NP
+said VBD B-VP
+the DT B-NP
+decision NN I-NP
+was VBD B-VP
+based VBN I-VP
+on IN B-PP
+a DT B-NP
+long-term JJ I-NP
+analysis NN I-NP
+of IN B-PP
+the DT B-NP
+compatibility NN I-NP
+of IN B-PP
+Wheeler NNP B-NP
+Group NNP I-NP
+'s POS B-NP
+marketing NN I-NP
+business NN I-NP
+with IN B-PP
+other JJ B-NP
+Pitney NNP I-NP
+Bowes NNP I-NP
+operations NNS I-NP
+. . O
+
+Pitney NNP B-NP
+Bowes NNP I-NP
+acquired VBD B-VP
+the DT B-NP
+core NN I-NP
+of IN B-PP
+what WP B-NP
+evolved VBD B-VP
+into IN B-PP
+Wheeler NNP B-NP
+Group NNP I-NP
+in IN B-PP
+1979 CD B-NP
+by IN B-PP
+buying VBG B-VP
+Dictaphone NNP B-NP
+Corp NNP I-NP
+. . O
+
+A DT B-NP
+spokeswoman NN I-NP
+would MD B-VP
+n't RB I-VP
+comment VB I-VP
+on IN B-PP
+whether IN B-SBAR
+the DT B-NP
+company NN I-NP
+had VBD B-VP
+talked VBN I-VP
+with IN B-PP
+any DT B-NP
+potential JJ I-NP
+buyers NNS I-NP
+for IN B-PP
+the DT B-NP
+New NNP I-NP
+Hartford NNP I-NP
+, , I-NP
+Conn. NNP I-NP
+, , I-NP
+unit NN I-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+1988 CD B-NP
+sales NNS I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+75 CD I-NP
+million CD I-NP
+. . O
+
+She PRP B-NP
+said VBD B-VP
+Wheeler NNP B-NP
+Group NNP I-NP
+was VBD B-VP
+profitable JJ B-ADJP
+but CC O
+would MD B-VP
+n't RB I-VP
+give VB I-VP
+figures NNS B-NP
+. . O
+
+The DT B-NP
+spokeswoman NN I-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+does VBZ B-VP
+n't RB I-VP
+have VB I-VP
+a DT B-NP
+timetable NN I-NP
+for IN B-PP
+the DT B-NP
+sale NN I-NP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+the DT B-NP
+board NN I-NP
+'s POS B-NP
+decision NN I-NP
+just RB B-ADVP
+starts VBZ B-VP
+the DT B-NP
+search NN I-NP
+for IN B-PP
+a DT B-NP
+buyer NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+Pitney NNP B-NP
+Bowes NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+gained VBD B-VP
+15 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+62 CD I-NP
+million CD I-NP
+, , O
+or CC O
+78 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+54 CD I-NP
+million CD I-NP
+, , O
+or CC O
+68 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Revenue NN B-NP
+grew VBD B-VP
+13 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+734.8 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+650.9 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+growth NN I-NP
+was VBD B-VP
+led VBN I-VP
+by IN B-PP
+its PRP$ B-NP
+major JJ I-NP
+operations NNS I-NP
+, , O
+particularly RB B-ADVP
+mailing VBG B-NP
+, , I-NP
+shipping VBG I-NP
+, , I-NP
+dictating VBG I-NP
+and CC I-NP
+facsimile NN I-NP
+businesses NNS I-NP
+. . O
+
+Steel NN B-NP
+jackets NNS I-NP
+of IN B-PP
+a DT B-NP
+type NN I-NP
+that WDT B-NP
+may MD B-VP
+have VB I-VP
+prevented VBN I-VP
+collapse NN B-NP
+of IN B-PP
+the DT B-NP
+columns NNS I-NP
+of IN B-PP
+a DT B-NP
+1.5-mile CD I-NP
+stretch NN I-NP
+of IN B-PP
+the DT B-NP
+Nimitz NNP I-NP
+Freeway NNP I-NP
+had VBD B-VP
+been VBN I-VP
+installed VBN I-VP
+on IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+a DT B-NP
+small JJ I-NP
+test NN I-NP
+section NN I-NP
+of IN B-PP
+the DT B-NP
+double-decker JJ I-NP
+highway NN I-NP
+last JJ B-NP
+year NN I-NP
+by IN B-PP
+California NNP B-NP
+'s POS B-NP
+Department NNP I-NP
+of IN B-PP
+Transportation NNP B-NP
+, , O
+employees NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+project NN I-NP
+say VBP B-VP
+. . O
+
+The DT B-NP
+test NN I-NP
+project NN I-NP
+-- : O
+which WDT B-NP
+reportedly RB B-ADVP
+survived VBD B-VP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+-- : O
+was VBD B-VP
+a DT B-NP
+prelude NN I-NP
+to TO B-PP
+a DT B-NP
+state NN I-NP
+plan NN I-NP
+to TO B-VP
+retrofit VB I-VP
+that IN B-NP
+critical JJ I-NP
+section NN I-NP
+of IN B-PP
+the DT B-NP
+freeway NN I-NP
+with IN B-PP
+the DT B-NP
+steel NN I-NP
+casings NNS I-NP
+. . O
+
+State NN B-NP
+engineers NNS I-NP
+have VBP B-VP
+made VBN I-VP
+a DT B-NP
+preliminary JJ I-NP
+finding NN I-NP
+that IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+failure NN B-NP
+of IN B-PP
+the DT B-NP
+concrete JJ I-NP
+columns NNS I-NP
+, , O
+wrenched VBD B-VP
+and CC O
+separated VBN B-VP
+from IN B-PP
+the DT B-NP
+double-decker JJ I-NP
+roadbed NN I-NP
+, , O
+that WDT B-NP
+was VBD B-VP
+responsible JJ B-ADJP
+for IN B-PP
+the DT B-NP
+collapse NN I-NP
+. . O
+
+The DT B-NP
+failure NN I-NP
+in IN B-PP
+Oakland NNP B-NP
+of IN B-PP
+the DT B-NP
+freeway NN I-NP
+segment NN I-NP
+known VBN B-VP
+as IN B-PP
+the DT B-NP
+Cypress NNP I-NP
+structure NN I-NP
+was VBD B-VP
+the DT B-NP
+deadliest JJS I-NP
+aspect NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+although IN B-SBAR
+officials NNS B-NP
+were VBD B-VP
+hopeful JJ B-ADJP
+yesterday NN B-NP
+that IN B-SBAR
+the DT B-NP
+death NN I-NP
+toll NN I-NP
+there EX B-ADVP
+might MD B-VP
+be VB I-VP
+significantly RB B-ADJP
+lower JJR I-ADJP
+than IN B-PP
+the DT B-NP
+250 CD I-NP
+initially RB B-VP
+feared VBD I-VP
+. . O
+
+Sorting VBG B-VP
+out RP B-PRT
+the IN B-NP
+wreckage NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+take VB I-VP
+several JJ B-NP
+days NNS I-NP
+. . O
+
+Red JJ B-NP
+tractors NNS I-NP
+gingerly RB B-ADVP
+picked VBD B-VP
+at IN B-PP
+the DT B-NP
+rubble NN I-NP
+while IN B-SBAR
+jackhammers NNS B-NP
+tried VBD B-VP
+to TO I-VP
+break VB I-VP
+up IN B-PRT
+some DT B-NP
+of IN B-PP
+the DT B-NP
+massive JJ I-NP
+slabs NNS I-NP
+of IN B-PP
+concrete NN B-NP
+. . O
+
+Giant NNP B-NP
+yellow JJ I-NP
+cranes NNS I-NP
+were VBD B-VP
+wheeled VBN I-VP
+up IN B-PRT
+alongside IN B-PP
+the DT B-NP
+collapsed VBN I-NP
+segment NN I-NP
+, , O
+preparing VBG B-VP
+to TO I-VP
+lift VB I-VP
+off IN B-PRT
+chunks NNS B-NP
+of IN B-PP
+the DT B-NP
+debris NN I-NP
+. . O
+
+In IN B-PP
+Sacramento NNP B-NP
+, , O
+a DT B-NP
+transportation NN I-NP
+department NN I-NP
+spokesman NN I-NP
+said VBD B-VP
+he PRP B-NP
+could MD B-VP
+n't RB I-VP
+immediately RB I-VP
+confirm VB I-VP
+or CC I-VP
+deny VB I-VP
+existence NN B-NP
+of IN B-PP
+the DT B-NP
+test NN I-NP
+work NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+he PRP B-NP
+asserted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+department NN I-NP
+had VBD B-VP
+n't RB I-VP
+mastered VBN I-VP
+the DT B-NP
+technology NN I-NP
+needed VBN B-VP
+to TO B-VP
+retrofit VB I-VP
+the DT B-NP
+entire JJ I-NP
+Cypress NNP I-NP
+structure NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+other JJ B-NP
+officials NNS I-NP
+noted VBD B-VP
+, , O
+snafus NNS B-NP
+in IN B-PP
+transportation NN B-NP
+funding NN I-NP
+that IN B-NP
+the DT B-NP
+state NN I-NP
+has VBZ B-VP
+experienced VBN I-VP
+over IN B-PP
+the DT B-NP
+years NNS I-NP
+may MD B-VP
+have VB I-VP
+restricted VBN I-VP
+the DT B-NP
+availability NN I-NP
+of IN B-PP
+funds NNS B-NP
+for IN B-PP
+such JJ B-NP
+a DT I-NP
+retrofitting NN I-NP
+, , O
+even RB B-SBAR
+if IN I-SBAR
+it PRP B-NP
+were VBD B-VP
+technologically RB B-ADJP
+feasible JJ I-ADJP
+. . O
+
+Knowledgeable JJ B-NP
+employees NNS I-NP
+said VBD B-VP
+the DT B-NP
+retrofitting NN I-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+n't RB I-VP
+yet RB I-VP
+been VBN I-VP
+budgeted VBN I-VP
+, , O
+was VBD B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+planned VBN I-NP
+, , I-NP
+three-stage JJ I-NP
+reinforcement NN I-NP
+of IN B-PP
+the DT B-NP
+Cypress NNP I-NP
+structure NN I-NP
+begun VBN B-VP
+by IN B-PP
+the DT B-NP
+California NNP I-NP
+transportation NN I-NP
+department NN I-NP
+several JJ B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+The DT B-NP
+Cypress NNP I-NP
+reinforcement NN I-NP
+project NN I-NP
+itself PRP B-NP
+was VBD B-VP
+part NN B-NP
+of IN B-PP
+an DT B-NP
+annual JJ I-NP
+effort NN I-NP
+to TO B-VP
+shore VB I-VP
+up IN B-PRT
+structures NNS B-NP
+believed VBD B-VP
+vulnerable JJ B-ADJP
+to TO B-PP
+earthquakes NNS B-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+began VBD B-VP
+such JJ B-NP
+work NN I-NP
+after IN B-PP
+a DT B-NP
+1971 CD I-NP
+tremblor NN I-NP
+in IN B-PP
+Southern NNP B-NP
+California NNP I-NP
+, , O
+when WRB B-ADVP
+numerous JJ B-NP
+bridges NNS I-NP
+collapsed VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+had VBD B-VP
+just RB I-VP
+finished VBN I-VP
+phase NN B-NP
+two CD I-NP
+'' '' O
+of IN B-PP
+the DT B-NP
+Cypress NNP I-NP
+project NN I-NP
+that WDT B-NP
+involved VBD B-VP
+installing VBG I-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+retaining VBG B-NP
+cables NNS I-NP
+designed VBN B-VP
+to TO B-VP
+prevent VB I-VP
+sections NNS B-NP
+of IN B-PP
+the DT B-NP
+roadway NN I-NP
+from IN B-PP
+separating VBG B-VP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+seismic JJ B-NP
+shock NN I-NP
+, , O
+a DT B-NP
+state NN I-NP
+DOT NNP I-NP
+engineer NN I-NP
+said VBD B-VP
+. . O
+
+After IN B-PP
+completing VBG B-VP
+installation NN B-NP
+of IN B-PP
+the DT B-NP
+jackets NNS I-NP
+on IN B-PP
+`` `` O
+one CD B-NP
+frame NN I-NP
+'' '' O
+of IN B-PP
+the DT B-NP
+freeway NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+the DT B-NP
+state NN I-NP
+DOT NNP I-NP
+had VBD B-VP
+sent VBN I-VP
+the DT B-NP
+project NN I-NP
+over IN B-PP
+to TO B-PP
+its PRP$ B-NP
+Sacramento NNP I-NP
+engineers NNS I-NP
+to TO B-VP
+draw VB I-VP
+up IN B-PRT
+a DT B-NP
+final JJ I-NP
+design NN I-NP
+. . O
+
+Knowledgeable JJ B-NP
+employees NNS I-NP
+said VBD B-VP
+the DT B-NP
+project NN I-NP
+had VBD B-VP
+been VBN I-VP
+stymied VBN I-VP
+somewhat RB B-ADVP
+by IN B-PP
+`` `` O
+the DT B-NP
+difficulty NN I-NP
+of IN B-PP
+designing VBG B-VP
+'' '' O
+the DT B-NP
+jackets NNS I-NP
+. . O
+
+The DT B-NP
+procedure NN I-NP
+involves VBZ B-VP
+encasing VBG I-VP
+the DT B-NP
+concrete JJ I-NP
+columns NNS I-NP
+with IN B-PP
+steel NN B-NP
+, , O
+then RB B-ADVP
+connecting VBG B-VP
+them PRP B-NP
+more RBR B-ADVP
+securely RB I-ADVP
+to TO B-PP
+the DT B-NP
+double-decker JJ I-NP
+roadbed NN I-NP
+. . O
+
+The DT B-NP
+employees NNS I-NP
+also RB B-ADVP
+said VBD B-VP
+the DT B-NP
+project NN I-NP
+may MD B-VP
+have VB I-VP
+been VBN I-VP
+snagged VBN I-VP
+by IN B-PP
+budgetary JJ B-NP
+concerns NNS I-NP
+. . O
+
+One CD B-NP
+preliminary JJ I-NP
+estimate NN I-NP
+put NN B-VP
+the DT B-NP
+retrofitting NN I-NP
+cost NN I-NP
+at IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+50 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+collapse NN I-NP
+of IN B-PP
+the DT B-NP
+span NN I-NP
+has VBZ B-VP
+provoked VBN I-VP
+surprise NN B-NP
+and CC I-NP
+anger NN I-NP
+among IN B-PP
+state NN B-NP
+officials NNS I-NP
+. . O
+
+Gov. NNP B-NP
+George NNP I-NP
+Deukmejian NNP I-NP
+, , O
+who WP B-NP
+said VBD B-VP
+he PRP B-NP
+had VBD B-VP
+been VBN I-VP
+assured VBN I-VP
+by IN B-PP
+state NN B-NP
+transportation NN I-NP
+officials NNS I-NP
+that IN B-SBAR
+the DT B-NP
+structure NN I-NP
+could MD B-VP
+withstand VB I-VP
+an DT B-NP
+even RB I-NP
+larger JJR I-NP
+quake NN I-NP
+, , O
+called VBN B-VP
+for IN B-PP
+an DT B-NP
+immediate JJ I-NP
+investigation NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+want VBP B-VP
+to TO I-VP
+know VB I-VP
+who WP B-NP
+made VBD B-VP
+the DT B-NP
+decision NN I-NP
+that IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+safe JJ B-ADJP
+for IN B-SBAR
+186,000 CD B-NP
+people NNS I-NP
+to TO B-VP
+use VB I-VP
+every DT B-NP
+day NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Richard NNP B-NP
+Katz NNP I-NP
+, , O
+a DT B-NP
+state NN I-NP
+legislator NN I-NP
+who WP B-NP
+is VBZ B-VP
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+Assembly NNP I-NP
+'s POS B-NP
+transportation NN I-NP
+committee NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+he PRP B-NP
+would MD B-VP
+convene VB I-VP
+hearings NNS B-NP
+within IN B-PP
+two CD B-NP
+weeks NNS I-NP
+. . O
+
+The DT B-NP
+Cypress NNP I-NP
+structure NN I-NP
+opened VBD B-VP
+in IN B-PP
+June NNP B-NP
+1957 CD I-NP
+, , O
+and CC O
+as IN B-PP
+such JJ B-NP
+, , O
+like IN B-PP
+many JJ B-NP
+buildings NNS I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+, , B-VP
+does VBZ I-VP
+not RB O
+meet VB B-VP
+current JJ B-NP
+building NN I-NP
+codes NNS I-NP
+requiring VBG B-VP
+considerably RB B-NP
+more JJR I-NP
+steel NN I-NP
+support NN I-NP
+. . O
+
+The DT B-NP
+northern JJ I-NP
+piers NNS I-NP
+of IN B-PP
+the DT B-NP
+span NN I-NP
+lie NN B-VP
+in IN B-PP
+estuarian NN B-NP
+deposits NNS I-NP
+that WDT B-NP
+were VBD B-VP
+of IN B-PP
+a DT B-NP
+type NN I-NP
+to TO B-VP
+have VB I-VP
+liquefied VBN I-VP
+easily RB B-ADVP
+during IN B-PP
+the DT B-NP
+1906 CD I-NP
+quake NN I-NP
+. . O
+
+Transportation NN B-NP
+department NN I-NP
+officials NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+as RB B-ADJP
+surprised VBN I-ADJP
+as IN B-PP
+anyone NN B-NP
+by IN B-PP
+the DT B-NP
+Cypress NNP I-NP
+destruction NN I-NP
+. . O
+
+They PRP B-NP
+said VBD B-VP
+previous JJ B-NP
+earthquakes NNS I-NP
+suggested VBD B-VP
+that IN B-SBAR
+multiple-column JJ B-NP
+viaducts NNS I-NP
+would MD B-VP
+stand VB I-VP
+up IN B-PRT
+well RB B-ADVP
+, , O
+although IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+working VBG I-VP
+on IN B-PP
+ways NNS B-NP
+to TO B-VP
+bolster VB I-VP
+them PRP B-NP
+. . O
+
+`` `` O
+Unfortunately RB B-ADVP
+, , O
+there EX B-NP
+is VBZ B-VP
+only RB B-NP
+one CD I-NP
+laboratory NN I-NP
+for IN B-PP
+developing VBG B-VP
+techniques NNS B-NP
+to TO B-VP
+withstand VB I-VP
+earthquakes NNS B-NP
+, , O
+and CC O
+that DT B-NP
+is VBZ B-VP
+an DT B-NP
+earthquake NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Burch NNP B-NP
+Bachtold NNP I-NP
+, , O
+San NNP B-NP
+Francisco NNP I-NP
+district NN I-NP
+director NN I-NP
+for IN B-PP
+the DT B-NP
+transportation NN I-NP
+department NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+: : O
+`` `` O
+We PRP B-NP
+know VBP B-VP
+of IN B-PP
+no DT B-NP
+technology NN I-NP
+that WDT B-NP
+exists VBZ B-VP
+anywhere RB B-ADVP
+in IN B-PP
+the DT B-NP
+world NN I-NP
+that WDT B-NP
+would MD B-VP
+allow VB I-VP
+us PRP B-NP
+to TO B-VP
+'' '' O
+reinforce VB B-VP
+the DT B-NP
+columns NNS I-NP
+. . O
+
+Financial NNP B-NP
+Corp. NNP I-NP
+of IN B-PP
+Santa NNP B-NP
+Barbara NNP I-NP
+said VBD B-VP
+it PRP B-NP
+rescheduled VBD B-VP
+to TO B-PP
+Nov. NNP B-NP
+29 CD I-NP
+a DT B-NP
+special JJ I-NP
+shareholder NN I-NP
+meeting NN I-NP
+to TO B-VP
+vote VB I-VP
+on IN B-PP
+a DT B-NP
+$ $ I-NP
+75 CD I-NP
+million CD I-NP
+stock-for-debt JJ I-NP
+exchange NN I-NP
+. . O
+
+The DT B-NP
+meeting NN I-NP
+had VBD B-VP
+been VBN I-VP
+scheduled VBN I-VP
+for IN B-PP
+Nov. NNP B-NP
+10 CD I-NP
+but CC O
+the DT B-NP
+company NN I-NP
+delayed VBD B-VP
+the DT B-NP
+meeting NN I-NP
+to TO B-VP
+allow VB I-VP
+time NN B-NP
+for IN B-SBAR
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+to TO B-VP
+review VB I-VP
+the DT B-NP
+proposal NN I-NP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+restructuring NN I-NP
+announced VBD B-VP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+proposed VBN B-VP
+in IN B-PP
+August NNP B-NP
+to TO B-VP
+exchange VB I-VP
+168 CD B-NP
+newly RB I-NP
+issued VBN I-NP
+common JJ I-NP
+shares NNS I-NP
+for IN B-PP
+each DT B-NP
+$ $ I-NP
+1,000 CD I-NP
+face NN I-NP
+value NN I-NP
+of IN B-PP
+debt NN B-NP
+. . O
+
+However RB B-ADVP
+, , O
+that DT B-NP
+figure NN I-NP
+could MD B-VP
+be VB I-VP
+revised VBN I-VP
+, , O
+Financial NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+. . O
+
+Currently RB B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+has VBZ B-VP
+about IN B-NP
+six CD I-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+If IN B-SBAR
+all PDT B-NP
+the DT I-NP
+debt NN I-NP
+was VBD B-VP
+converted VBN I-VP
+, , O
+about IN B-NP
+13 CD I-NP
+million CD I-NP
+new JJ I-NP
+shares NNS I-NP
+would MD B-VP
+be VB I-VP
+issued VBN I-VP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+Wednesday NNP B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Financial NNP B-NP
+Corp. NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+1.125 CD I-NP
+, , O
+unchanged JJ B-ADJP
+. . O
+
+The DT B-NP
+debt NN I-NP
+consists VBZ B-VP
+of IN B-PP
+$ $ B-NP
+50 CD I-NP
+million CD I-NP
+of IN B-PP
+13 CD B-NP
+3\/8 CD I-NP
+% NN I-NP
+subordinated VBD I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1998 CD B-NP
+, , O
+and CC O
+$ $ B-NP
+25 CD I-NP
+million CD I-NP
+of IN B-PP
+9 CD B-NP
+% NN I-NP
+convertible JJ I-NP
+subordinated VBN I-NP
+debentures NNS I-NP
+due JJ B-ADJP
+2012 CD B-NP
+. . O
+
+Financial NNP B-NP
+Corp. NNP I-NP
+also RB B-ADVP
+is VBZ B-VP
+proposing VBG I-VP
+to TO I-VP
+exchange VB I-VP
+each DT B-NP
+of IN B-PP
+its PRP$ B-NP
+130,000 CD I-NP
+outstanding JJ I-NP
+shares NNS I-NP
+of IN B-PP
+cumulative JJ B-NP
+convertible JJ I-NP
+preferred JJ I-NP
+series NN I-NP
+A DT I-NP
+stock NN I-NP
+for IN B-PP
+two CD B-NP
+shares NNS I-NP
+of IN B-PP
+common NN B-NP
+. . O
+
+After IN B-PP
+years NNS B-NP
+of IN B-PP
+quarreling VBG B-VP
+over IN B-PP
+Bonn NNP B-NP
+'s POS B-NP
+`` `` I-NP
+Ostpolitik NNP I-NP
+'' '' O
+, , O
+West NNP B-NP
+Germany NNP I-NP
+and CC O
+the DT B-NP
+U.S. NNP I-NP
+appear VB B-VP
+to TO I-VP
+have VB I-VP
+shifted VBN I-VP
+onto IN B-PP
+a DT B-NP
+united VBN I-NP
+course NN I-NP
+in IN B-PP
+Eastern NNP B-NP
+Europe NNP I-NP
+. . O
+
+Bonn NNP B-NP
+and CC I-NP
+Washington NNP I-NP
+have VBP B-VP
+taken VBN I-VP
+a DT B-NP
+leading VBG I-NP
+role NN I-NP
+in IN B-PP
+aid NN B-NP
+for IN B-PP
+the DT B-NP
+reformist NN I-NP
+countries NNS I-NP
+, , O
+pledging VBG B-VP
+billions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+in IN B-PP
+fresh JJ B-NP
+credit NN I-NP
+and CC O
+forgiving VBG B-VP
+old JJ B-NP
+debt NN I-NP
+while IN B-SBAR
+urging VBG B-VP
+other JJ B-NP
+industrial JJ I-NP
+nations NNS I-NP
+to TO B-VP
+follow VB I-VP
+suit NN B-NP
+. . O
+
+Both DT B-NP
+hope NN B-VP
+to TO I-VP
+encourage VB I-VP
+pressure NN B-NP
+for IN B-PP
+change NN B-NP
+in IN B-PP
+East NNP B-NP
+bloc NN I-NP
+countries NNS I-NP
+still RB B-VP
+ruled VBN I-VP
+by IN B-PP
+Stalinist JJ B-NP
+holdouts NNS I-NP
+by IN B-PP
+arranging VBG B-VP
+liberal JJ B-NP
+financial JJ I-NP
+aid NN I-NP
+and CC O
+trade NN B-NP
+benefits NNS I-NP
+for IN B-PP
+Poland NNP B-NP
+, , O
+Hungary NNP B-NP
+and CC O
+, , O
+to TO B-PP
+a DT B-NP
+lesser JJR I-NP
+extent NN I-NP
+, , O
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+. . O
+
+West JJ B-NP
+German JJ I-NP
+officials NNS I-NP
+also RB B-ADVP
+have VBP B-VP
+the DT B-NP
+special JJ I-NP
+goal NN I-NP
+of IN B-PP
+holding VBG B-VP
+out RP B-PRT
+hope NN B-NP
+for IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+fledgling NN I-NP
+reform NN I-NP
+movement NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+change NN I-NP
+taking VBG B-VP
+place NN B-NP
+in IN B-PP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+, , O
+Poland NNP B-NP
+and CC O
+Hungary NNP B-NP
+has VBZ B-VP
+aroused VBN I-VP
+new JJ B-NP
+hope NN I-NP
+in IN B-PP
+both DT B-NP
+German JJ I-NP
+states NNS I-NP
+that IN B-SBAR
+reforms NNS B-NP
+will MD B-VP
+be VB I-VP
+undertaken VBN I-VP
+in IN B-PP
+-LCB- ( O
+East NNP B-NP
+Germany NNP I-NP
+-RCB- ) O
+, , O
+and CC O
+that IN B-SBAR
+relations NNS B-NP
+between IN B-PP
+the DT B-NP
+two CD I-NP
+German JJ I-NP
+states NNS I-NP
+, , O
+too RB B-ADVP
+, , O
+will MD B-VP
+get VB I-VP
+better JJR O
+, , O
+'' '' O
+said VBD B-VP
+Foreign NNP B-NP
+Minister NNP I-NP
+Hans-Dietrich NNP I-NP
+Genscher NNP I-NP
+. . O
+
+Addressing VBG B-VP
+a DT B-NP
+conference NN I-NP
+of IN B-PP
+the DT B-NP
+New NNP I-NP
+York-based JJ I-NP
+Institute NNP I-NP
+for IN B-PP
+East-West NNP B-NP
+Security NNP I-NP
+Studies NNS I-NP
+in IN B-PP
+Frankfurt NNP B-NP
+yesterday NN B-NP
+, , O
+Mr. NNP B-NP
+Genscher NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+History NN B-NP
+will MD B-VP
+judge VB I-VP
+us PRP B-NP
+by IN B-PP
+whether IN B-SBAR
+we PRP B-NP
+have VBP B-VP
+taken VBN I-VP
+the DT B-NP
+opportunities NNS I-NP
+that WDT B-NP
+emerge VBP B-VP
+from IN B-PP
+these DT B-NP
+reforms NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+ultimate JJ I-NP
+aim NN I-NP
+of IN B-PP
+Western JJ B-NP
+support NN I-NP
+for IN B-PP
+East NNP B-NP
+bloc NN I-NP
+reforms NNS I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+is VBZ B-VP
+to TO B-VP
+create VB I-VP
+`` `` O
+an DT B-NP
+equitable JJ I-NP
+and CC I-NP
+stable JJ I-NP
+peaceful JJ I-NP
+order NN I-NP
+in IN B-PP
+Europe NNP B-NP
+from IN B-PP
+the DT B-NP
+Atlantic NNP I-NP
+to TO B-PP
+the DT B-NP
+Urals NNPS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Genscher NNP I-NP
+and CC O
+U.S. NNP O
+Secretary NNP O
+of IN B-PP
+Commerce NNP B-NP
+Robert NNP B-NP
+A. NNP I-NP
+Mosbacher NNP I-NP
+, , O
+in IN B-PP
+separate JJ B-NP
+speeches NNS I-NP
+at IN B-PP
+the DT B-NP
+conference NN I-NP
+, , O
+appealed VBD B-VP
+for IN B-PP
+more RBR B-NP
+Western JJ I-NP
+contributions NNS I-NP
+to TO B-PP
+economic JJ B-NP
+reforms NNS I-NP
+and CC O
+business NN B-NP
+development NN I-NP
+in IN B-PP
+Hungary NNP B-NP
+and CC I-NP
+Poland NNP I-NP
+. . O
+
+Bonn NNP B-NP
+and CC I-NP
+Washington NNP I-NP
+are VBP B-VP
+leading VBG B-NP
+supporters NNS I-NP
+of IN B-PP
+Poland NNP B-NP
+'s POS B-NP
+request NN I-NP
+for IN B-PP
+a DT B-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+stand-by JJ I-NP
+credit NN I-NP
+from IN B-PP
+the DT B-NP
+International NNP I-NP
+Monetary NNP I-NP
+Fund NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+want VBP B-VP
+the DT B-NP
+bold JJ I-NP
+programs NNS I-NP
+of IN B-PP
+market NN B-NP
+development NN I-NP
+and CC O
+political JJ B-NP
+freedom NN I-NP
+in IN B-PP
+Hungary NNP B-NP
+and CC B-PP
+in IN B-PP
+Poland NNP B-NP
+to TO B-VP
+succeed VB I-VP
+. . O
+
+We PRP B-NP
+are VBP B-VP
+prepared VBN I-VP
+to TO I-VP
+support VB I-VP
+those DT B-NP
+changes NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Mosbacher NNP I-NP
+. . O
+
+U.S. NNP B-NP
+curbs NNS I-NP
+on IN B-PP
+the DT B-NP
+exports NNS I-NP
+of IN B-PP
+sensitive JJ B-NP
+technology NN I-NP
+to TO B-PP
+East NNP B-NP
+bloc NN I-NP
+countries NNS I-NP
+will MD B-VP
+remain VB I-VP
+in IN B-PP
+place NN B-NP
+, , O
+however RB B-ADVP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+House NNP I-NP
+of IN B-PP
+Representatives NNPS B-NP
+yesterday NN B-NP
+approved VBD B-VP
+an DT B-NP
+$ $ I-NP
+837.5 CD I-NP
+million CD I-NP
+aid NN I-NP
+package NN I-NP
+for IN B-PP
+Poland NNP B-NP
+and CC I-NP
+Hungary NNP I-NP
+that IN B-NP
+more JJR B-ADVP
+than IN I-ADVP
+doubles VBZ B-VP
+the DT B-NP
+amount NN I-NP
+President NNP B-NP
+Bush NNP I-NP
+had VBD B-VP
+requested VBN I-VP
+. . O
+
+The DT B-NP
+package NN I-NP
+was VBD B-VP
+brought VBN I-VP
+to TO B-PP
+the DT B-NP
+House NNP I-NP
+just RB B-NP
+15 CD I-NP
+days NNS I-NP
+after IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+introduced VBN I-VP
+, , O
+indicating VBG B-VP
+Congress NNP B-NP
+'s POS B-NP
+eagerness NN I-NP
+to TO B-VP
+reward VB I-VP
+Poland NNP B-NP
+and CC I-NP
+Hungary NNP I-NP
+for IN B-PP
+their PRP$ B-NP
+moves NNS I-NP
+toward IN B-PP
+democracy NN B-NP
+and CC O
+freemarket JJ B-NP
+economic JJ I-NP
+reforms NNS I-NP
+. . O
+
+The DT B-NP
+legislation NN I-NP
+, , O
+approved VBD B-VP
+345-47 JJ B-ADVP
+and CC O
+sent VBD B-VP
+to TO B-PP
+the DT B-NP
+Senate NNP I-NP
+, , O
+establishes VBZ B-VP
+two CD B-NP
+enterprise NN I-NP
+funds NNS I-NP
+, , O
+to TO B-VP
+be VB I-VP
+governed VBN I-VP
+by IN B-PP
+independent JJ B-NP
+nonprofit JJ I-NP
+boards NNS I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+make VB I-VP
+loans NNS B-NP
+and CC I-NP
+investments NNS I-NP
+in IN B-PP
+new JJ B-NP
+business NN I-NP
+ventures NNS I-NP
+in IN B-PP
+Hungary NNP B-NP
+and CC I-NP
+Poland NNP I-NP
+. . O
+
+The DT B-NP
+Polish JJ I-NP
+fund NN I-NP
+would MD B-VP
+be VB I-VP
+seeded VBN I-VP
+with IN B-PP
+$ $ B-NP
+160 CD I-NP
+million CD I-NP
+, , O
+the DT B-NP
+Hungarian JJ I-NP
+fund NN I-NP
+with IN B-PP
+$ $ B-NP
+40 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+a DT B-NP
+group NN I-NP
+of IN B-PP
+24 CD B-NP
+industrialized VBN I-NP
+countries NNS I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+Japan NNP B-NP
+and CC O
+coordinated VBN B-VP
+by IN B-PP
+the DT B-NP
+European NNP I-NP
+Community NNP I-NP
+Commission NNP I-NP
+, , O
+has VBZ B-VP
+promised VBN I-VP
+Poland NNP B-NP
+and CC I-NP
+Hungary NNP I-NP
+trade NN B-NP
+advice NN I-NP
+and CC O
+a DT B-NP
+line NN I-NP
+of IN B-PP
+credit NN B-NP
+equivalent NN B-ADJP
+to TO B-PP
+$ $ B-NP
+1.11 CD I-NP
+billion CD I-NP
+through IN B-PP
+the DT B-NP
+European NNP I-NP
+Investment NNP I-NP
+Bank NNP I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+EC NNP I-NP
+plans VBZ B-VP
+$ $ B-NP
+222 CD I-NP
+million CD I-NP
+in IN B-PP
+direct JJ B-NP
+aid NN I-NP
+. . O
+
+When WRB B-ADVP
+Chancellor NNP B-NP
+Helmut NNP I-NP
+Kohl NNP I-NP
+travels VBZ B-VP
+to TO B-PP
+Poland NNP B-NP
+Nov. NNP B-NP
+9 CD I-NP
+, , O
+he PRP B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+take VB I-VP
+with IN B-PP
+him PRP B-NP
+a DT B-NP
+promise NN I-NP
+of IN B-PP
+three CD B-NP
+billion CD I-NP
+West JJ I-NP
+German JJ I-NP
+marks NNS I-NP
+-LRB- ( O
+$ $ B-NP
+1.6 CD I-NP
+billion CD I-NP
+-RRB- ) O
+in IN B-PP
+new JJ B-NP
+credit NN I-NP
+guarantees NNS I-NP
+for IN B-PP
+industrial JJ B-NP
+projects NNS I-NP
+. . O
+
+Last JJ B-NP
+week NN I-NP
+, , O
+Bonn NNP B-NP
+agreed VBD B-VP
+to TO I-VP
+reschedule VB I-VP
+2.5 CD B-NP
+billion CD I-NP
+marks NNS I-NP
+in IN B-PP
+Polish JJ B-NP
+debt NN I-NP
+that WDT B-NP
+came VBD B-VP
+due JJ B-ADJP
+last JJ B-NP
+year NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+a DT B-NP
+one CD I-NP
+billion CD I-NP
+mark NN I-NP
+credit NN I-NP
+dating VBG B-VP
+from IN B-PP
+1974 CD B-NP
+is VBZ B-VP
+to TO I-VP
+be VB I-VP
+written VBN I-VP
+off RB B-PRT
+. . O
+
+Poland NNP B-NP
+'s POS B-NP
+plan NN I-NP
+to TO B-VP
+switch VB I-VP
+to TO B-PP
+a DT B-NP
+free-market JJ I-NP
+economy NN I-NP
+by IN B-PP
+1991 CD B-NP
+is VBZ B-VP
+hampered VBN I-VP
+by IN B-PP
+a DT B-NP
+foreign JJ I-NP
+debt NN I-NP
+load NN I-NP
+of IN B-PP
+$ $ B-NP
+39.2 CD I-NP
+billion CD I-NP
+. . O
+
+West NNP B-NP
+Germany NNP I-NP
+also RB B-ADVP
+has VBZ B-VP
+increased VBN I-VP
+its PRP$ B-NP
+credit NN I-NP
+guarantees NNS I-NP
+to TO B-PP
+Hungary NNP B-NP
+by IN B-PP
+500 CD B-NP
+million CD I-NP
+marks NNS I-NP
+to TO O
+1.5 CD B-NP
+billion CD I-NP
+marks NNS I-NP
+as IN B-SBAR
+the DT B-NP
+emerging VBG I-NP
+democratic JJ I-NP
+state NN I-NP
+rushes VBZ B-VP
+through IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+economic JJ I-NP
+reforms NNS I-NP
+, , O
+including VBG B-PP
+a DT B-NP
+broad JJ I-NP
+privatization NN I-NP
+of IN B-PP
+state-owned JJ B-NP
+industry NN I-NP
+and CC O
+tax NN B-NP
+incentives NNS I-NP
+for IN B-PP
+industrial JJ B-NP
+investment NN I-NP
+. . O
+
+An DT B-NP
+additional JJ I-NP
+500 CD I-NP
+million CD I-NP
+marks NNS I-NP
+in IN B-PP
+credit-backing NN B-NP
+was VBD B-VP
+promised VBN I-VP
+by IN B-PP
+the DT B-NP
+West JJ I-NP
+German JJ I-NP
+state NN I-NP
+governments NNS I-NP
+of IN B-PP
+Bavaria NNP B-NP
+and CC I-NP
+Baden-Wuerttemberg NNP I-NP
+. . O
+
+Deutsche NNP B-NP
+Bank NNP I-NP
+AG NNP I-NP
+, , O
+which WDT B-NP
+last JJ B-NP
+year NN I-NP
+arranged VBD B-VP
+a DT B-NP
+three CD I-NP
+billion CD I-NP
+mark NN I-NP
+credit NN I-NP
+for IN B-PP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+, , O
+is VBZ B-VP
+now RB I-VP
+moving VBG I-VP
+to TO B-VP
+become VB I-VP
+the DT B-NP
+first JJ I-NP
+West JJ I-NP
+German JJ I-NP
+bank NN I-NP
+to TO B-VP
+set VB I-VP
+up IN B-PRT
+independent JJ B-NP
+business NN I-NP
+offices NNS I-NP
+in IN B-PP
+Hungary NNP B-NP
+and CC I-NP
+Poland NNP I-NP
+as IN B-SBAR
+they PRP B-NP
+shift VBP B-VP
+to TO B-PP
+free-market JJ B-NP
+economies NNS I-NP
+. . O
+
+A DT B-NP
+maxim NN I-NP
+of IN B-PP
+Frankfurt NNP B-NP
+banking NN I-NP
+holds VBZ B-VP
+that IN B-SBAR
+wherever WRB B-ADVP
+Deutsche NNP B-NP
+Bank NNP I-NP
+goes VBZ B-VP
+, , O
+other JJ B-NP
+West JJ I-NP
+German JJ I-NP
+banks NNS I-NP
+follow VBP B-VP
+. . O
+
+Indeed RB B-ADVP
+, , O
+at IN B-NP
+least JJS I-NP
+four CD I-NP
+other JJ I-NP
+West JJ I-NP
+German JJ I-NP
+banks NNS I-NP
+are VBP B-VP
+believed VBN I-VP
+to TO I-VP
+be VB I-VP
+making VBG I-VP
+inquiries NNS B-NP
+. . O
+
+Mattel NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+rose VBD B-VP
+73 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+38 CD I-NP
+million CD I-NP
+, , O
+or CC O
+76 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+21.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+45 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+34 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+410 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+306.6 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+`` `` O
+Mattel NNP B-NP
+'s POS B-NP
+world-wide JJ I-NP
+volume NN I-NP
+has VBZ B-VP
+grown VBN I-VP
+25 CD B-NP
+% NN I-NP
+in IN B-PP
+a DT B-NP
+climate NN I-NP
+of IN B-PP
+relatively RB B-NP
+flat JJ I-NP
+industry NN I-NP
+sales NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+John NNP B-NP
+W. NNP I-NP
+Amerman NNP I-NP
+, , O
+chairman NN B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+toy NN I-NP
+company NN I-NP
+'s POS B-NP
+`` `` I-NP
+prospects NNS I-NP
+for IN B-PP
+a DT B-NP
+strong JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+'' '' O
+are VBP B-VP
+also RB B-ADVP
+good JJ B-ADJP
+. . O
+
+Mattel NNP B-NP
+attributed VBD B-VP
+the DT B-NP
+jump NN I-NP
+in IN B-PP
+quarter NN B-NP
+net JJ I-NP
+to TO B-PP
+strong JJ B-NP
+world-wide JJ I-NP
+sales NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+Barbie NNP B-NP
+doll NN I-NP
+, , O
+Hot NNP B-NP
+Wheels NNP I-NP
+cars NNS I-NP
+, , O
+Disney NNP B-NP
+toys NNS I-NP
+and CC O
+other JJ B-NP
+well-known JJ I-NP
+toy NN I-NP
+lines NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+cited VBD B-VP
+retail JJ B-NP
+trade NN I-NP
+and CC O
+consumer NN B-NP
+demand NN I-NP
+for IN B-PP
+new JJ B-NP
+products NNS I-NP
+introduced VBD B-VP
+this DT B-NP
+year NN I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+Cherry NNP B-NP
+Merry NNP I-NP
+Muffin NNP I-NP
+and CC O
+Turtle NNP B-NP
+Tots NNP I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Mattel NNP B-NP
+net JJ I-NP
+more RBR B-ADVP
+than IN I-ADVP
+doubled VBN B-VP
+to TO B-PP
+$ $ B-NP
+58.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.19 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+25.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+53 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+25 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+877.6 CD I-NP
+million CD I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+702.4 CD I-NP
+million CD I-NP
+. . O
+
+Mattel NNP B-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+sale NN I-NP
+of IN B-PP
+rights NNS B-NP
+to TO B-PP
+land VB B-NP
+and CC I-NP
+buildings NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+Hawthorne NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+headquarters NN I-NP
+resulted VBD B-VP
+in IN B-PP
+a DT B-NP
+$ $ I-NP
+13 CD I-NP
+million CD I-NP
+charge NN I-NP
+to TO B-PP
+third-quarter JJ B-NP
+operating NN I-NP
+profit NN I-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+did VBD B-VP
+n't RB I-VP
+affect VB I-VP
+net JJ B-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+as IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+offset VBN I-VP
+by IN B-PP
+tax NN B-NP
+benefits NNS I-NP
+. . O
+
+Mattel NNP B-NP
+has VBZ B-VP
+purchased VBN I-VP
+a DT B-NP
+new JJ I-NP
+headquarters NN I-NP
+building NN I-NP
+in IN B-PP
+El NNP B-NP
+Segundo NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+which WDT B-NP
+it PRP B-NP
+will MD B-VP
+occupy VB I-VP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+next JJ B-NP
+year NN I-NP
+. . O
+
+Democracy NNP B-NP
+can MD B-VP
+be VB I-VP
+cruel JJ B-ADJP
+to TO B-PP
+politicians NNS B-NP
+: : O
+Sometimes RB B-ADVP
+it PRP B-NP
+forces VBZ B-VP
+them PRP B-NP
+to TO B-VP
+make VB I-VP
+choices NNS B-NP
+. . O
+
+Now RB B-ADVP
+that IN B-SBAR
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+opened VBD B-VP
+the DT B-NP
+door NN I-NP
+on IN B-PP
+the DT B-NP
+subject NN I-NP
+of IN B-PP
+abortion NN B-NP
+, , O
+politicians NNS B-NP
+are VBP B-VP
+squinting VBG I-VP
+under IN B-PP
+the DT B-NP
+glare NN I-NP
+of IN B-PP
+democratic JJ B-NP
+choice NN I-NP
+. . O
+
+Their PRP$ B-NP
+discomfort NN I-NP
+is VBZ B-VP
+a DT B-NP
+healthy JJ I-NP
+sign NN I-NP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+us PRP B-NP
+. . O
+
+Republicans NNS B-NP
+are VBP B-VP
+squinting VBG I-VP
+most RBS B-ADVP
+painfully RB I-ADVP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+at IN B-PP
+first JJ B-ADJP
+, , O
+which WDT B-NP
+is VBZ B-VP
+only RB B-ADJP
+fair JJ I-ADJP
+because IN B-SBAR
+they PRP B-NP
+'ve VBP B-VP
+been VBN I-VP
+shielded VBN I-VP
+the DT B-NP
+most RBS I-NP
+. . O
+
+So RB B-ADVP
+long RB I-ADVP
+as IN B-SBAR
+abortion NN B-NP
+was VBD B-VP
+a DT B-NP
+question NN I-NP
+for IN B-PP
+litigation NN B-NP
+, , B-NP
+not RB I-NP
+legislation NN B-NP
+, , O
+Republicans NNPS B-NP
+could MD B-VP
+find VB I-VP
+political JJ B-NP
+security NN I-NP
+in IN B-PP
+absolutism NN B-NP
+. . O
+
+They PRP B-NP
+could MD B-VP
+attract VB I-VP
+one-issue JJ B-NP
+voters NNS I-NP
+by IN B-PP
+adopting VBG B-VP
+the DT B-NP
+right-to-life JJ I-NP
+movement NN I-NP
+'s POS B-NP
+strongest JJS I-NP
+position NN I-NP
+, , O
+even RB B-SBAR
+as IN I-SBAR
+pro-choice JJ B-NP
+Republicans NNPS I-NP
+knew VBD B-VP
+this DT B-NP
+mattered VBD B-VP
+little JJ B-NP
+on IN B-PP
+an DT B-NP
+issue NN I-NP
+monopolized VBN B-VP
+by IN B-PP
+the DT B-NP
+court NN I-NP
+. . O
+
+Now RB B-ADVP
+it PRP B-NP
+matters VBZ B-VP
+. . O
+
+Much RB B-NP
+of IN B-PP
+Washington NNP B-NP
+thought VBD B-VP
+it PRP B-NP
+detected VBD B-VP
+George NNP B-NP
+Bush NNP I-NP
+in IN B-PP
+a DT B-NP
+characteristic JJ I-NP
+waffle NN I-NP
+on IN B-PP
+abortion NN B-NP
+the DT B-NP
+past JJ I-NP
+week NN I-NP
+. . O
+
+Only RB B-NP
+a DT I-NP
+month NN I-NP
+ago RB B-ADVP
+he PRP B-NP
+'d MD B-VP
+warned VBD I-VP
+Congress NNP B-NP
+not RB O
+to TO B-VP
+pass VB I-VP
+legislation NN B-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+abortions NNS B-NP
+in IN B-PP
+cases NNS B-NP
+of IN B-PP
+rape NN B-NP
+or CC I-NP
+incest NN I-NP
+. . O
+
+Last NNP B-NP
+Friday NNP I-NP
+, , O
+after IN B-SBAR
+Congress NNP B-NP
+passed VBD B-VP
+it PRP B-NP
+anyway RB B-ADVP
+, , O
+he PRP B-NP
+hinted VBD B-VP
+he PRP B-NP
+was VBD B-VP
+looking VBG I-VP
+for IN B-PP
+compromise NN B-NP
+. . O
+
+Was VBD O
+the DT B-NP
+man NN I-NP
+who WP B-NP
+once RB B-ADVP
+was VBD B-VP
+pro-choice JJ B-ADJP
+, , O
+but CC O
+later RB B-ADVP
+pro-life JJ B-ADJP
+, , O
+converting VBG B-VP
+again RB B-ADVP
+? . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+Mr. NNP B-NP
+Bush NNP I-NP
+'s POS B-NP
+dance NN I-NP
+was VBD B-VP
+more JJR B-NP
+wiggle NN I-NP
+than IN B-PP
+waffle NN B-NP
+. . O
+
+Pro-life JJ B-NP
+advocates NNS I-NP
+say VBP B-VP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+never RB B-ADVP
+wavered VBD B-VP
+over IN B-PP
+the DT B-NP
+veto NN I-NP
+. . O
+
+Christopher NNP B-NP
+Smith NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+N.J. NNP B-NP
+-RRB- ) O
+, , O
+a DT B-NP
+pro-life JJ I-NP
+leader NN I-NP
+in IN B-PP
+the DT B-NP
+House NNP I-NP
+, , O
+suggested VBD B-VP
+a DT B-NP
+compromise NN I-NP
+that WDT B-NP
+would MD B-VP
+have VB I-VP
+adapted VBN I-VP
+restrictive JJ B-NP
+language NN I-NP
+from IN B-PP
+rape NN B-NP
+and CC I-NP
+incest NN I-NP
+exceptions NNS I-NP
+in IN B-PP
+the DT B-NP
+states NNS I-NP
+. . O
+
+The DT B-NP
+White NNP I-NP
+House NNP I-NP
+, , O
+never RB B-ADVP
+eager JJ B-ADJP
+for IN B-PP
+a DT B-NP
+fight NN I-NP
+, , O
+was VBD B-VP
+happy JJ B-ADJP
+to TO B-VP
+try VB I-VP
+, , O
+which WDT B-NP
+is VBZ B-VP
+why WRB B-ADVP
+George NNP B-NP
+Bush NNP I-NP
+said VBD B-VP
+he PRP B-NP
+was VBD B-VP
+looking VBG I-VP
+for IN B-PP
+`` `` O
+flexibility NN B-NP
+'' '' O
+last JJ B-NP
+week NN I-NP
+. . O
+
+When WRB B-ADVP
+Democrats NNPS B-NP
+refused VBD B-VP
+to TO I-VP
+budge VB I-VP
+, , O
+pro-life JJ B-NP
+Republicans NNPS I-NP
+met VBD B-VP
+at IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+with IN B-PP
+Chief NNP O
+of IN B-PP
+Staff NNP B-NP
+John NNP B-NP
+Sununu NNP I-NP
+on IN B-PP
+Monday NNP B-NP
+, , O
+and CC O
+Mr. NNP B-NP
+Bush NNP I-NP
+quickly RB B-ADVP
+signaled VBD B-VP
+a DT B-NP
+veto NN I-NP
+. . O
+
+Amid IN B-PP
+charges NNS B-NP
+of IN B-PP
+`` `` O
+timidity NN B-NP
+'' '' O
+on IN B-PP
+Panama NNP B-NP
+and CC O
+elsewhere RB B-ADVP
+, , O
+the DT B-NP
+president NN I-NP
+was VBD B-VP
+n't RB O
+about IN O
+to TO B-VP
+offend VB I-VP
+his PRP$ B-NP
+most RBS I-NP
+energetic JJ I-NP
+constituency NN I-NP
+. . O
+
+The DT B-NP
+GOP NNP I-NP
+doubters NNS I-NP
+were VBD B-VP
+in IN B-PP
+Congress NNP B-NP
+. . O
+
+In IN B-PP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+House NNP I-NP
+vote NN I-NP
+, , O
+41 CD B-NP
+Republicans NNPS I-NP
+defected VBD B-VP
+. . O
+
+After IN B-PP
+the DT B-NP
+vote NN I-NP
+, , O
+Connecticut NNP B-NP
+Rep. NNP I-NP
+Nancy NNP I-NP
+Johnson NNP I-NP
+rounded VBD B-VP
+up IN B-PRT
+nearly RB B-NP
+as IN I-NP
+many JJ I-NP
+signatures NNS I-NP
+on IN B-PP
+a DT B-NP
+letter NN I-NP
+to TO B-PP
+Mr. NNP B-NP
+Bush NNP I-NP
+urging VBG B-VP
+him PRP B-NP
+not RB O
+to TO B-VP
+veto VB I-VP
+. . O
+
+Even RB B-NP
+such JJ I-NP
+a DT I-NP
+pro-life JJ I-NP
+stalwart NN I-NP
+as IN B-PP
+Sen. NNP B-NP
+Orrin NNP I-NP
+Hatch NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Utah NNP B-NP
+-RRB- ) O
+had VBD B-VP
+counseled VBN I-VP
+some DT B-NP
+kind NN I-NP
+of IN B-PP
+compromise NN B-NP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+passed VBD B-VP
+the DT B-NP
+same JJ I-NP
+bill NN I-NP
+yesterday NN B-NP
+, , O
+with IN B-PP
+a DT B-NP
+veto-proof JJ I-NP
+majority NN I-NP
+of IN B-PP
+67 CD B-NP
+. . O
+
+The DT B-NP
+manuevering NN I-NP
+illustrates VBZ B-VP
+an DT B-NP
+emerging VBG I-NP
+Republican NNP I-NP
+donnybrook NN I-NP
+, , O
+pacified VBD B-VP
+since IN B-PP
+the DT B-NP
+early JJ I-NP
+1980s CD I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+1988 CD I-NP
+GOP NNP I-NP
+convention NN I-NP
+, , O
+abortion NN B-NP
+was VBD B-VP
+barely RB I-VP
+discussed VBN I-VP
+at IN B-ADVP
+all DT I-ADVP
+, , O
+though IN B-SBAR
+delegates NNS B-NP
+were VBD B-VP
+evenly RB B-ADJP
+divided VBN I-ADJP
+on IN B-PP
+the DT B-NP
+question NN I-NP
+of IN B-PP
+an DT B-NP
+anti-abortion JJ I-NP
+constitutional JJ I-NP
+amendment NN I-NP
+. . O
+
+Ms. NNP B-NP
+Johnson NNP I-NP
+made VBD B-VP
+a DT B-NP
+passionate JJ I-NP
+statement NN I-NP
+to TO B-PP
+the DT B-NP
+platform NN I-NP
+committee NN I-NP
+, , O
+but CC O
+she PRP B-NP
+was VBD B-VP
+talking VBG I-VP
+to TO B-PP
+herself PRP B-NP
+. . O
+
+Now RB B-ADVP
+many JJ B-NP
+Republicans NNPS I-NP
+are VBP B-VP
+listening VBG I-VP
+. . O
+
+They PRP B-NP
+'re VBP B-VP
+frightened VBN B-ADJP
+by IN B-PP
+what WP B-NP
+they PRP B-NP
+see VBP B-VP
+in IN B-PP
+New NNP B-NP
+Jersey NNP I-NP
+, , O
+and CC O
+especially RB B-ADVP
+Virginia NNP B-NP
+, , O
+where WRB B-ADVP
+pro-life JJ B-NP
+GOP NNP I-NP
+candidates NNS I-NP
+for IN B-PP
+governor NN B-NP
+are VBP B-VP
+being VBG I-VP
+pummeled VBN I-VP
+on IN B-PP
+abortion NN B-NP
+. . O
+
+Eddie NNP B-NP
+Mahe NNP I-NP
+, , O
+a DT B-NP
+Republican NNP I-NP
+consultant NN I-NP
+, , O
+says VBZ B-VP
+the DT B-NP
+two CD I-NP
+GOP NNP I-NP
+candidates NNS I-NP
+could MD B-VP
+have VB I-VP
+avoided VBN I-VP
+trouble NN B-NP
+if IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+framed VBN I-VP
+the DT B-NP
+issue NN I-NP
+first JJ B-ADVP
+. . O
+
+-LRB- ( O
+In IN B-PP
+Virginia NNP B-NP
+, , O
+Marshall NNP B-NP
+Coleman NNP I-NP
+and CC O
+his PRP$ B-NP
+running NN I-NP
+mate NN I-NP
+, , O
+Eddy NNP B-NP
+Dalton NNP I-NP
+, , O
+are VBP B-VP
+both DT O
+on IN B-PP
+the DT B-NP
+defensive NN I-NP
+for IN B-PP
+opposing VBG B-VP
+abortions NNS B-NP
+even RB B-ADVP
+in IN B-PP
+cases NNS B-NP
+of IN B-PP
+rape NN B-NP
+or CC I-NP
+incest NN I-NP
+. . O
+-RRB- ) O
+
+But CC O
+Mr. NNP B-NP
+Mahe NNP I-NP
+adds VBZ B-VP
+, , O
+`` `` O
+The DT B-NP
+net JJ I-NP
+loser NN I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+years NNS I-NP
+is VBZ B-VP
+the DT B-NP
+right-to-life JJ I-NP
+side NN I-NP
+. . O
+'' '' O
+
+Darla NNP B-NP
+St. NNP I-NP
+Martin NNP I-NP
+, , O
+of IN B-PP
+the DT O
+National NNP O
+Right NNP O
+to TO B-PP
+Life NNP B-NP
+Committee NNP B-NP
+, , O
+says VBZ B-VP
+exit NN B-NP
+polls NNS I-NP
+from IN B-PP
+the DT B-NP
+1988 CD I-NP
+election NN I-NP
+had VBD B-VP
+single-issue JJ B-NP
+, , I-NP
+pro-life JJ I-NP
+voters NNS I-NP
+giving VBG B-VP
+Mr. NNP B-NP
+Bush NNP I-NP
+about IN B-NP
+five CD I-NP
+more JJR I-NP
+percentage NN I-NP
+points NNS I-NP
+of IN B-PP
+support NN B-NP
+than IN B-SBAR
+pro-choice JJ B-NP
+voters NNS I-NP
+gave VBD B-VP
+Michael NNP B-NP
+Dukakis NNP I-NP
+. . O
+
+But CC O
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+'s POS B-NP
+opening NN I-NP
+of IN B-PP
+debate NN B-NP
+may MD B-VP
+have VB I-VP
+changed VBN I-VP
+even RB B-NP
+that DT I-NP
+. . O
+
+GOP NNP B-NP
+pollster NN I-NP
+Neil NNP I-NP
+Newhouse NNP I-NP
+, , O
+of IN B-PP
+the DT B-NP
+Wirthlin NNP I-NP
+Group NNP I-NP
+, , O
+says VBZ B-VP
+polls VBZ B-NP
+this DT B-NP
+summer NN I-NP
+showed VBD B-VP
+that IN B-SBAR
+the DT B-NP
+single-issue JJ I-NP
+voters NNS I-NP
+had VBD B-VP
+about IN I-VP
+evened VBN I-VP
+out RB B-PRT
+. . O
+
+Polls NNS B-NP
+are VBP B-VP
+no DT B-NP
+substitute NN I-NP
+for IN B-PP
+principle NN B-NP
+, , O
+but CC O
+they PRP B-NP
+'ll MD B-VP
+do VB I-VP
+for IN B-PP
+some DT B-NP
+politicians NNS I-NP
+. . O
+
+The DT B-NP
+Republican NNP I-NP
+danger NN I-NP
+is VBZ B-VP
+that DT B-NP
+abortion NN I-NP
+could MD B-VP
+become VB I-VP
+for IN B-PP
+them PRP B-NP
+what WP B-NP
+it PRP B-NP
+'s VBZ B-VP
+long RB I-VP
+been VBN I-VP
+for IN B-PP
+Democrats NNPS B-NP
+, , O
+a DT B-NP
+divisive JJ I-NP
+litmus NN I-NP
+test NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+already RB B-ADVP
+that IN B-NP
+in IN B-PP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+for IN B-PP
+any DT B-NP
+job NN I-NP
+in IN B-PP
+which WDT B-NP
+abortion NN B-NP
+is VBZ B-VP
+even RB B-ADVP
+remotely RB I-ADVP
+an DT B-NP
+issue NN I-NP
+. . O
+
+Oklahoma NNP B-NP
+official NN I-NP
+Robert NNP I-NP
+Fulton NNP I-NP
+lost VBD B-VP
+a DT B-NP
+chance NN I-NP
+for IN B-PP
+a DT B-NP
+senior JJ I-NP
+job NN I-NP
+in IN B-PP
+the DT B-NP
+Department NNP I-NP
+of IN B-PP
+Health NNP B-NP
+and CC I-NP
+Human NNP I-NP
+Services NNP I-NP
+after IN B-SBAR
+right-to-life JJ B-NP
+activists NNS I-NP
+opposed VBN B-VP
+him PRP B-NP
+. . O
+
+Caldwell NNP B-NP
+Butler NNP I-NP
+, , O
+a DT B-NP
+conservative JJ I-NP
+former JJ I-NP
+congressman NN I-NP
+, , O
+was VBD B-VP
+barred VBN I-VP
+from IN B-PP
+a DT B-NP
+Legal NNP I-NP
+Services NNPS I-NP
+post NN I-NP
+, , O
+after IN B-SBAR
+he PRP B-NP
+gave VBD B-VP
+wrong JJ B-NP
+answers NNS I-NP
+on IN B-PP
+abortion NN B-NP
+. . O
+
+Even RB O
+the DT B-NP
+president NN I-NP
+'s POS B-NP
+doctor NN I-NP
+, , O
+Burton NNP B-NP
+Lee NNP I-NP
+, , O
+has VBZ B-VP
+said VBD I-VP
+on IN B-PP
+the DT B-NP
+record NN I-NP
+that IN B-SBAR
+he PRP B-NP
+'d MD B-VP
+love VB I-VP
+to TO I-VP
+be VB I-VP
+surgeon NN B-NP
+general JJ I-NP
+but CC O
+could MD B-VP
+n't RB I-VP
+pass VB I-VP
+the DT B-NP
+pro-life JJ I-NP
+test NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+case NN I-NP
+of IN B-PP
+HHS NNP B-NP
+Secretary NNP I-NP
+Louis NNP I-NP
+Sullivan NNP I-NP
+, , O
+the DT B-NP
+litmus NN I-NP
+test NN I-NP
+could MD B-VP
+yet RB I-VP
+damage VB I-VP
+issues NNS B-NP
+important JJ B-ADJP
+to TO B-PP
+other JJ B-NP
+parts NNS I-NP
+of IN B-PP
+the DT B-NP
+Republican NNP I-NP
+coalition NN I-NP
+. . O
+
+After IN B-SBAR
+Mr. NNP B-NP
+Sullivan NNP I-NP
+waffled VBD B-VP
+on IN B-PP
+abortion NN B-NP
+last JJ B-NP
+year NN I-NP
+, , O
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+appeased VBD B-VP
+right-to-lifers NNS B-NP
+by IN B-PP
+surrounding VBG B-VP
+him PRP B-NP
+with IN B-PP
+pro-life JJ B-NP
+deputies NNS I-NP
+. . O
+
+Their PRP$ B-NP
+views NNS I-NP
+on IN B-PP
+health NN B-NP
+care NN I-NP
+and CC I-NP
+welfare NN I-NP
+did VBD B-VP
+n't RB I-VP
+much JJ I-VP
+matter NN I-VP
+, , O
+though IN B-SBAR
+HHS NNP B-NP
+spends VBZ B-VP
+billions NNS B-NP
+a DT B-NP
+year NN I-NP
+on IN B-PP
+both DT B-NP
+. . O
+
+It PRP B-NP
+makes VBZ B-VP
+only RB B-NP
+a DT I-NP
+handful NN I-NP
+of IN B-PP
+abortion-related JJ B-NP
+decisions NNS I-NP
+. . O
+
+Though IN B-SBAR
+Democrats NNPS B-NP
+can MD B-VP
+gloat VB I-VP
+at IN B-PP
+all PDT B-NP
+this DT I-NP
+for IN B-PP
+now RB B-ADVP
+, , O
+they PRP B-NP
+may MD B-VP
+want VB I-VP
+to TO I-VP
+contain VB I-VP
+their PRP$ B-NP
+glee NN I-NP
+. . O
+
+On IN B-PP
+abortion NN B-NP
+, , O
+their PRP$ B-NP
+own JJ I-NP
+day NN I-NP
+will MD B-VP
+come VB I-VP
+. . O
+
+Eventually RB B-ADVP
+even RB B-NP
+Republicans NNPS I-NP
+will MD B-VP
+find VB I-VP
+a DT B-NP
+way NN I-NP
+to TO B-VP
+frame VB I-VP
+the DT B-NP
+issue NN I-NP
+in IN B-PP
+ways NNS B-NP
+that WDT B-NP
+expose VBP B-VP
+pro-choice JJ B-NP
+absolutism NN I-NP
+. . O
+
+Does VBZ O
+the DT B-NP
+candidate NN I-NP
+favor NN B-VP
+parental JJ B-NP
+consent NN I-NP
+for IN B-PP
+teen-age JJ B-NP
+abortions NNS I-NP
+? . O
+
+-LRB- ( O
+The DT B-NP
+pro-choice JJ I-NP
+lobby NN I-NP
+does VBZ B-VP
+n't RB O
+. . O
+
+-RRB- ) O
+What WP O
+about IN O
+banning VBG B-VP
+abortions NNS B-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+and CC I-NP
+third JJ I-NP
+trimesters NNS I-NP
+? . O
+
+-LRB- ( O
+The DT B-NP
+lobby NN I-NP
+says VBZ B-VP
+no DT B-INTJ
+again RB B-ADVP
+. . O
+-RRB- ) O
+
+Democracy NNP B-NP
+is VBZ B-VP
+forcing VBG I-VP
+the DT B-NP
+abortion NN I-NP
+debate NN I-NP
+toward IN B-PP
+healthy JJ B-NP
+compromise NN I-NP
+, , O
+toward IN B-PP
+the DT B-NP
+unpolarizing VBG I-NP
+middle NN I-NP
+. . O
+
+Roe NNP B-NP
+v. CC B-PP
+Wade NNP B-NP
+pre-empted VBD B-VP
+political JJ B-NP
+debate NN I-NP
+, , O
+so RB O
+the DT B-NP
+extremes NNS I-NP
+blossomed VBD B-VP
+. . O
+
+Now RB B-ADVP
+the DT B-NP
+ambivalent JJ I-NP
+middle NN I-NP
+, , O
+a DT B-NP
+moral JJ I-NP
+majority NN I-NP
+of IN B-PP
+sorts NNS B-NP
+, , O
+is VBZ B-VP
+reasserting VBG I-VP
+itself PRP B-NP
+. . O
+
+Within IN B-PP
+a DT B-NP
+few JJ I-NP
+years NNS I-NP
+, , O
+the DT B-NP
+outcome NN I-NP
+in IN B-PP
+most RBS B-NP
+states NNS I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+that DT O
+abortion NN B-NP
+will MD B-VP
+be VB I-VP
+more RBR B-ADJP
+restricted VBN I-ADJP
+, , B-ADJP
+but CC I-ADJP
+not RB I-ADJP
+completely RB B-ADJP
+banned VBN I-ADJP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+where WRB B-ADVP
+the DT B-NP
+voters NNS I-NP
+are VBP B-VP
+, , O
+which WDT B-NP
+is VBZ B-VP
+where WRB B-ADVP
+politicians NNS B-NP
+usually RB B-ADVP
+end VBP B-VP
+up RB B-PRT
+. . O
+
+Union NNP B-NP
+Pacific NNP I-NP
+Corp NNP I-NP
+. . I-NP
+third-quarter JJ I-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+17 CD B-NP
+% NN I-NP
+. . O
+
+Excluding VBG B-VP
+earnings NNS B-NP
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+net NN B-NP
+fell VBD B-VP
+only RB B-NP
+2 CD I-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+energy NN I-NP
+, , I-NP
+natural JJ I-NP
+resources NNS I-NP
+and CC I-NP
+railroad NN I-NP
+concern NN I-NP
+had VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+137.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.35 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+$ $ B-NP
+165 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.44 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+In IN B-PP
+the DT B-NP
+1988 CD I-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+profit NN B-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+totaled VBD B-VP
+$ $ B-NP
+140.1 CD I-NP
+million CD I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+had VBD B-VP
+profit NN B-NP
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+of IN B-PP
+$ $ B-NP
+24.9 CD I-NP
+million CD I-NP
+from IN B-PP
+sale NN B-NP
+of IN B-PP
+a DT B-NP
+pipeline NN I-NP
+, , O
+a DT B-NP
+refinery NN I-NP
+and CC O
+an DT B-NP
+interest NN I-NP
+in IN B-PP
+a DT B-NP
+second JJ I-NP
+refinery NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+2 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.58 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.54 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Union NNP B-NP
+Pacific NNP I-NP
+jumped VBD B-VP
+$ $ B-NP
+1.375 CD I-NP
+to TO B-PP
+$ $ B-NP
+75 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+its PRP$ B-NP
+Union NNP I-NP
+Pacific NNP I-NP
+Railroad NNP I-NP
+had VBD B-VP
+a DT B-NP
+3 CD I-NP
+% NN I-NP
+profit NN I-NP
+increase NN I-NP
+, , O
+despite IN B-PP
+a DT B-NP
+14 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+fuel NN B-NP
+costs NNS I-NP
+and CC O
+a DT B-NP
+4 CD I-NP
+% NN I-NP
+drop NN I-NP
+in IN B-PP
+car NN B-NP
+loadings NNS I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+commodity NN I-NP
+traffic NN I-NP
+was VBD B-VP
+off IN B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Earnings NNS B-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+of IN B-PP
+the DT B-NP
+Union NNP I-NP
+Pacific NNP I-NP
+Resources NNPS I-NP
+unit NN I-NP
+almost RB B-ADVP
+doubled VBD B-VP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+It PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+higher JJR B-NP
+revenue NN I-NP
+, , O
+strong JJ B-NP
+crude JJ I-NP
+oil NN I-NP
+prices NNS I-NP
+and CC O
+higher JJR B-NP
+natural JJ I-NP
+gas NN I-NP
+prices NNS I-NP
+offset VBP B-VP
+declines NNS B-NP
+in IN B-PP
+production NN B-NP
+of IN B-PP
+oil NN B-NP
+, , I-NP
+gas NN I-NP
+and CC I-NP
+plant NN I-NP
+liquids NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+the DT B-NP
+company NN I-NP
+cited VBD B-VP
+cost-reduction JJ B-NP
+moves NNS I-NP
+and CC O
+interest NN B-NP
+income NN I-NP
+. . O
+
+Earnings NNS B-NP
+from IN B-PP
+Union NNP B-NP
+Pacific NNP I-NP
+Realty NNP I-NP
+dropped VBD B-VP
+50 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3 CD I-NP
+million CD I-NP
+. . O
+
+Before IN B-PP
+good JJ B-NP
+will NN I-NP
+, , O
+Overnite NNP B-NP
+Transportation NNP I-NP
+earnings NNS I-NP
+fell VBD B-VP
+11 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+15 CD I-NP
+million CD I-NP
+, , O
+Union NNP B-NP
+Pacific NNP I-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net NN B-NP
+fell VBD B-VP
+6.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+427.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.98 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+456.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Profit NN B-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+was VBD B-VP
+$ $ B-NP
+402.7 CD I-NP
+million CD I-NP
+. . O
+
+Revenue NN B-NP
+was VBD B-VP
+$ $ B-NP
+4.75 CD I-NP
+billion CD I-NP
+, , O
+up IN B-ADVP
+6 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+4.49 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Trade NNP I-NP
+Commission NNP I-NP
+ruled VBD B-VP
+that IN B-SBAR
+five CD B-NP
+major JJ I-NP
+title-insurance JJ I-NP
+companies NNS I-NP
+illegally RB B-ADVP
+fixed VBN B-VP
+prices NNS B-NP
+for IN B-PP
+title NN B-NP
+search-and-examination JJ I-NP
+services NNS I-NP
+by IN B-PP
+participating VBG B-VP
+in IN B-PP
+joint JJ B-NP
+`` `` I-NP
+rating NN I-NP
+bureaus NN I-NP
+'' '' O
+in IN B-PP
+six CD B-NP
+states NNS I-NP
+. . O
+
+The DT B-NP
+FTC NNP I-NP
+ordered VBD B-VP
+the DT B-NP
+companies NNS I-NP
+not RB O
+to TO B-VP
+use VB I-VP
+rating NN B-NP
+bureaus NN I-NP
+in IN B-PP
+those DT B-NP
+six CD I-NP
+states NNS I-NP
+. . O
+
+The DT B-NP
+commission NN I-NP
+order NN I-NP
+named VBD B-VP
+the DT B-NP
+following VBG I-NP
+companies NNS I-NP
+: : O
+Ticor NNP B-NP
+Title NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+of IN B-PP
+California NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Los NNP B-NP
+Angeles-based JJ I-NP
+Ticor NNP I-NP
+; : O
+Chicago NNP B-NP
+Title NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+and CC O
+Safeco NNP B-NP
+Title NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+units NNS B-NP
+of IN B-PP
+Chicago NNP B-NP
+Title NN I-NP
+& CC I-NP
+Trust NNP I-NP
+Co. NNP I-NP
+; : O
+Lawyers NNS B-NP
+Title NNP I-NP
+Insurance NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Richmond NNP B-NP
+, , I-NP
+Va.-based JJ I-NP
+Universal NNP I-NP
+Corp. NNP I-NP
+; : O
+and CC O
+Stewart NNP B-NP
+Title NNP I-NP
+Guaranty NNP I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Houston-based NNP B-NP
+Stewart NNP I-NP
+Information NNP I-NP
+Services NNP I-NP
+Corp NNP I-NP
+. . O
+
+Chicago NNP B-NP
+Title NN I-NP
+& CC I-NP
+Trust NNP I-NP
+acquired VBD B-VP
+Safeco NNP B-NP
+in IN B-PP
+1987 CD B-NP
+and CC O
+changed VBD B-VP
+the DT B-NP
+unit NN I-NP
+'s POS B-NP
+name NN I-NP
+to TO B-PP
+Security NNP B-NP
+Union NNP I-NP
+Title NNP I-NP
+Insurance NNP I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+FTC NNP I-NP
+ruled VBD B-VP
+that IN B-SBAR
+the DT B-NP
+companies NNS I-NP
+violated VBD B-VP
+federal JJ B-NP
+antitrust JJ I-NP
+law NN I-NP
+by IN B-PP
+fixing VBG B-VP
+rates NNS B-NP
+in IN B-PP
+the DT B-NP
+following VBG I-NP
+states NNS I-NP
+: : O
+New NNP B-NP
+Jersey NNP I-NP
+, , O
+Pennsylvania NNP B-NP
+, , O
+Connecticut NNP B-NP
+, , O
+Wisconsin NNP B-NP
+, , O
+Arizona NNP B-NP
+and CC O
+Montana NNP B-NP
+. . O
+
+The DT B-NP
+FTC NNP I-NP
+first RB B-ADVP
+issued VBN B-VP
+an DT B-NP
+administrative JJ I-NP
+complaint NN I-NP
+in IN B-PP
+the DT B-NP
+case NN I-NP
+in IN B-PP
+1985 CD B-NP
+. . O
+
+John NNP B-NP
+Christie NNP I-NP
+, , O
+a DT B-NP
+lawyer NN I-NP
+here RB B-ADVP
+for IN B-PP
+the DT B-NP
+two CD I-NP
+Chicago NNP I-NP
+Title NN I-NP
+& CC I-NP
+Trust NNP I-NP
+units NNS I-NP
+accused VBD B-VP
+the DT B-NP
+FTC NNP I-NP
+of IN B-PP
+`` `` B-VP
+second-guessing NN I-VP
+'' '' O
+state-level JJ B-NP
+regulations NNS I-NP
+, , O
+with IN B-PP
+which WDT B-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+his PRP$ B-NP
+clients NNS I-NP
+had VBD B-VP
+complied VBN I-VP
+. . O
+
+`` `` O
+I PRP B-NP
+expect VBP B-VP
+all PDT B-NP
+the DT I-NP
+companies NNS I-NP
+to TO B-VP
+appeal VB I-VP
+, , O
+'' '' O
+he PRP B-NP
+added VBD B-VP
+. . O
+
+A DT B-NP
+lawyer NN I-NP
+for IN B-PP
+Lawyers NNS B-NP
+Title NN I-NP
+said VBD B-VP
+that IN B-SBAR
+, , O
+because IN B-SBAR
+the DT B-NP
+named VBN I-NP
+companies NNS I-NP
+no RB B-ADVP
+longer RB I-ADVP
+use VBP B-VP
+the DT B-NP
+type NN I-NP
+of IN B-PP
+cooperative JJ B-NP
+rating NN I-NP
+bureaus NN I-NP
+attacked VBN B-VP
+by IN B-PP
+the DT B-NP
+FTC NNP I-NP
+, , O
+the DT B-NP
+commission NN I-NP
+'s POS B-NP
+order NN I-NP
+wo MD B-VP
+n't RB I-VP
+have VB I-VP
+much JJ B-NP
+practical JJ I-NP
+impact NN I-NP
+. . O
+
+Officials NNS B-NP
+for IN B-PP
+the DT B-NP
+other JJ I-NP
+named VBN I-NP
+companies NNS I-NP
+did VBD B-VP
+n't RB I-VP
+return VB I-VP
+telephone NN B-NP
+calls VBZ I-NP
+seeking VBG B-VP
+comment VB B-NP
+. . O
+
+MARK NNP B-NP
+RESOURCES NNP I-NP
+INC. NNP I-NP
+, , O
+Calgary NNP B-NP
+, , O
+Alberta NNP B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+agreed VBD B-VP
+to TO I-VP
+sell VB I-VP
+75 CD B-NP
+million CD I-NP
+Canadian JJ I-NP
+dollars NNS I-NP
+-LRB- ( O
+US$ $ B-NP
+63.9 CD I-NP
+million CD I-NP
+-RRB- ) O
+of IN B-PP
+8 CD B-NP
+% NN I-NP
+convertible JJ I-NP
+debentures NNS I-NP
+to TO B-PP
+a DT B-NP
+group NN I-NP
+of IN B-PP
+securities NNS B-NP
+dealers NNS I-NP
+. . O
+
+Mark NNP B-NP
+, , O
+an DT B-NP
+oil NN I-NP
+and CC I-NP
+gas NN I-NP
+concern NN I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+15-year JJ I-NP
+debentures NNS I-NP
+are VBP B-VP
+convertible JJ B-ADJP
+before IN B-PP
+maturity NN B-NP
+at IN B-PP
+C$ $ B-NP
+12.50 CD I-NP
+for IN B-PP
+each DT B-NP
+Mark NNP I-NP
+common JJ I-NP
+share NN I-NP
+, , O
+and CC O
+can MD B-VP
+be VB I-VP
+redeemed VBN I-VP
+at IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+option NN I-NP
+, , O
+under IN B-PP
+certain JJ B-NP
+conditions NNS I-NP
+, , O
+after IN B-PP
+Nov. NNP B-NP
+30 CD I-NP
+, , I-NP
+1992 CD I-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+will MD B-VP
+try VB I-VP
+to TO I-VP
+sell VB I-VP
+all PDT B-NP
+the DT I-NP
+real JJ I-NP
+estate NN I-NP
+managed VBN B-VP
+by IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Asset NNP I-NP
+Disposition NNP I-NP
+Association NNP I-NP
+in IN B-PP
+one CD B-NP
+fell VBD I-NP
+swoop NN I-NP
+, , O
+said VBD B-VP
+William NNP B-NP
+Seidman NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Deposit NNP I-NP
+Insurance NNP I-NP
+Corp NNP I-NP
+. . O
+
+The DT B-NP
+FADA NNP I-NP
+real-estate NN I-NP
+package NN I-NP
+, , O
+with IN B-PP
+an DT B-NP
+asking VBG I-NP
+price NN I-NP
+of IN B-PP
+$ $ B-NP
+428 CD I-NP
+million CD I-NP
+, , O
+is VBZ B-VP
+comprised VBN I-VP
+of IN B-PP
+150 CD B-NP
+properties NNS I-NP
+in IN B-PP
+Texas NNP B-NP
+, , I-NP
+California NNP I-NP
+, , I-NP
+Colorado NNP I-NP
+, , I-NP
+Arizona NNP I-NP
+and CC I-NP
+Florida NNP I-NP
+. . O
+
+It PRP B-NP
+includes VBZ B-VP
+apartments NNS B-NP
+, , O
+shopping NN B-NP
+centers NNS I-NP
+, , O
+office NN B-NP
+buildings NNS I-NP
+and CC O
+undeveloped JJ B-NP
+land NN I-NP
+. . O
+
+Mr. NNP B-NP
+Seidman NNP I-NP
+is VBZ B-VP
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+Resolution NNP I-NP
+Trust NNP I-NP
+Corp. NNP I-NP
+, , O
+established VBN B-VP
+to TO B-VP
+sell VB I-VP
+or CC I-VP
+merge VB I-VP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+hundreds NNS I-NP
+of IN B-PP
+insolvent JJ B-NP
+savings-and-loan JJ I-NP
+associations NNS I-NP
+. . O
+
+The DT B-NP
+RTC NNP I-NP
+, , O
+created VBN B-VP
+by IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+S&L NNP I-NP
+bailout NN I-NP
+legislation NN I-NP
+, , O
+is VBZ B-VP
+trying VBG I-VP
+to TO I-VP
+sell VB I-VP
+FADA NNP B-NP
+'s POS B-NP
+network NN I-NP
+of IN B-PP
+offices NNS B-NP
+separately RB B-ADVP
+. . O
+
+FADA NNP B-NP
+, , O
+which WDT B-NP
+holds VBZ B-VP
+problem NN B-NP
+assets NNS I-NP
+of IN B-PP
+thrifts NNS B-NP
+that WDT B-NP
+were VBD B-VP
+closed VBN I-VP
+before IN B-SBAR
+the DT B-NP
+bailout NN I-NP
+legislation NN I-NP
+was VBD B-VP
+enacted VBN I-VP
+, , O
+is VBZ B-VP
+being VBG I-VP
+liquidated VBN I-VP
+. . O
+
+The DT B-NP
+properties NNS I-NP
+held VBN B-VP
+by IN B-PP
+FADA NNP B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+sold VBN I-VP
+piecemeal RB B-ADVP
+, , O
+Mr. NNP B-NP
+Seidman NNP I-NP
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+speech NN I-NP
+before IN B-PP
+Southern NNP B-NP
+Methodist NNP I-NP
+University NNP I-NP
+Business NNP I-NP
+School NNP I-NP
+in IN B-PP
+Dallas NNP B-NP
+. . O
+
+`` `` O
+You PRP B-NP
+need VBP B-VP
+to TO I-VP
+buy VB I-VP
+the DT B-NP
+entire JJ I-NP
+lot NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Seidman NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+so RB O
+get VB B-VP
+out RP B-PRT
+your PRP$ B-NP
+checkbooks NNS I-NP
+. . O
+
+The DT B-NP
+following VBG I-NP
+were VBD B-VP
+among IN B-PP
+yesterday NN B-NP
+'s POS B-NP
+offerings NNS I-NP
+and CC I-NP
+pricings NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC I-NP
+non-U.S. JJ I-NP
+capital NN I-NP
+markets NNS I-NP
+, , O
+with IN B-PP
+terms NNS B-NP
+and CC O
+syndicate NN B-NP
+manager NN I-NP
+, , O
+as IN B-SBAR
+compiled VBN B-VP
+by IN B-PP
+Dow NNP B-NP
+Jones NNP I-NP
+Capital NNP I-NP
+Markets NNP I-NP
+Report NNP I-NP
+: : O
+
+Sequa NNP B-NP
+Corp. NNP I-NP
+-- : O
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+of IN B-PP
+9 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+notes NNS I-NP
+due JJ B-ADJP
+Oct. NNP B-NP
+15 CD I-NP
+, , I-NP
+1999 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+99.75 CD B-NP
+to TO B-VP
+yield VB I-VP
+9.664 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+noncallable JJ I-NP
+issue NN I-NP
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+a DT B-NP
+spread NN I-NP
+of IN B-PP
+170 CD B-NP
+basis NN I-NP
+points NNS I-NP
+above IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+'s POS B-NP
+10-year JJ I-NP
+note NN I-NP
+. . O
+
+Rated VBN B-VP
+Baa-2 JJ B-ADJP
+by IN B-PP
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+Inc. NNP I-NP
+and CC O
+triple-B-minus NNP B-ADJP
+by IN B-PP
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+Corp. NNP I-NP
+, , O
+the DT B-NP
+issue NN I-NP
+will MD B-VP
+be VB I-VP
+sold VBN I-VP
+through IN B-PP
+underwriters NNS B-NP
+led VBN B-VP
+by IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+. . O
+
+Virginia NNP B-NP
+Public NNP I-NP
+School NNP I-NP
+Authority NNP I-NP
+-- : O
+$ $ B-NP
+55.7 CD I-NP
+million CD I-NP
+of IN B-PP
+school NN B-NP
+financing NN I-NP
+bonds NNS I-NP
+, , O
+1989 CD B-NP
+Series NNP I-NP
+B NNP I-NP
+-LRB- ( O
+1987 CD B-NP
+resolution NN I-NP
+-RRB- ) O
+, , O
+due JJ B-ADJP
+19912000 CD B-NP
+, , I-NP
+2005 CD I-NP
+and CC I-NP
+2010 CD I-NP
+, , O
+through IN B-PP
+a DT B-NP
+BT NNP I-NP
+Securities NNP I-NP
+Corp. NNP I-NP
+group NN I-NP
+. . O
+
+The DT B-NP
+bonds NNS I-NP
+, , O
+rated VBN B-VP
+double-A JJ B-ADJP
+by IN B-PP
+Moody NNP B-NP
+'s POS B-NP
+and CC O
+S&P NNP B-NP
+, , O
+were VBD B-VP
+priced VBN I-VP
+to TO B-VP
+yield VB I-VP
+from IN B-PP
+6 CD B-NP
+% NN I-NP
+in IN B-PP
+1991 CD B-NP
+to TO B-PP
+7.10 CD B-NP
+% NN I-NP
+in IN B-PP
+2010 CD B-NP
+. . O
+
+Serial JJ B-NP
+bonds NNS I-NP
+were VBD B-VP
+priced VBN I-VP
+to TO B-VP
+yield VB I-VP
+to TO B-PP
+6.75 CD B-NP
+% NN I-NP
+in IN B-PP
+2000 CD B-NP
+. . O
+
+Bonds NNS B-NP
+due JJ B-ADJP
+1991-1996 CD B-NP
+carry VB B-VP
+6.70 CD B-NP
+% NN I-NP
+coupons NNS I-NP
+and CC O
+bonds NNS B-NP
+due JJ B-ADJP
+1997-2000 CD B-NP
+carry VB B-VP
+6 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+coupons NNS I-NP
+. . O
+
+Term NN B-NP
+bonds NNS I-NP
+due JJ B-ADJP
+2005 CD B-NP
+are VBP B-VP
+n't RB I-VP
+being VBG I-VP
+formally RB I-VP
+reoffered VBN I-VP
+. . O
+
+They PRP B-NP
+carry VBP B-VP
+a DT B-NP
+7 CD I-NP
+% NN I-NP
+coupon NN I-NP
+. . O
+
+Term NN B-NP
+bonds NNS I-NP
+due JJ B-ADJP
+2010 CD B-NP
+are VBP B-VP
+7.10 CD B-NP
+% NN I-NP
+securities NNS I-NP
+priced VBN B-VP
+at IN B-PP
+par NN B-NP
+. . O
+
+St. NNP B-NP
+Johns NNP I-NP
+River NNP I-NP
+Water NNP I-NP
+Management NNP I-NP
+District NNP I-NP
+, , O
+Fla. NNP B-NP
+-- : O
+$ $ B-NP
+50,005,000 CD I-NP
+of IN B-PP
+land NN B-NP
+acquisition NN I-NP
+revenue NN I-NP
+bonds NNS I-NP
+, , O
+Series NNP B-NP
+1989 CD I-NP
+, , O
+due JJ B-ADJP
+1990-2000 CD B-NP
+, , I-NP
+2003 CD I-NP
+, , I-NP
+2006 CD I-NP
+and CC I-NP
+2009 CD I-NP
+, , O
+tentatively RB B-VP
+priced VBN I-VP
+by IN B-PP
+a DT B-NP
+Smith NNP I-NP
+Barney NNP I-NP
+, , I-NP
+Harris NNP I-NP
+Upham NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+group NN I-NP
+to TO B-VP
+yield VB I-VP
+from IN B-PP
+6 CD B-NP
+% NN I-NP
+in IN B-PP
+1990 CD B-NP
+to TO B-PP
+about IN B-NP
+7.03 CD I-NP
+% NN I-NP
+in IN B-PP
+2003 CD B-NP
+. . O
+
+There EX B-NP
+are VBP B-VP
+$ $ B-NP
+9.76 CD I-NP
+million CD I-NP
+of IN B-PP
+7 CD B-NP
+% NN I-NP
+term NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+2003 CD B-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+99 CD B-NP
+3\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+about IN B-NP
+7.03 CD I-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+11,775,000 CD I-NP
+of IN B-PP
+term NN B-NP
+bonds NNS I-NP
+due JJ B-ADJP
+2006 CD B-NP
+and CC O
+the DT B-NP
+$ $ I-NP
+13,865,000 CD I-NP
+of IN B-PP
+term NN B-NP
+bonds NNS I-NP
+due JJ B-ADJP
+2009 CD B-NP
+are VBP B-VP
+n't RB I-VP
+being VBG I-VP
+formally RB I-VP
+reoffered VBN I-VP
+. . O
+
+Serial JJ B-NP
+bonds NNS I-NP
+were VBD B-VP
+priced VBN I-VP
+at IN B-PP
+par NN B-NP
+to TO B-VP
+yield VB I-VP
+to TO B-PP
+6.90 CD B-NP
+% NN I-NP
+in IN B-PP
+2000 CD B-NP
+. . O
+
+The DT B-NP
+bonds NNS I-NP
+are VBP B-VP
+insured VBN I-VP
+and CC O
+rated VBN B-VP
+triple-A JJ B-ADJP
+by IN B-PP
+Moody NNP B-NP
+'s POS B-NP
+and CC O
+S&P NNP B-NP
+. . O
+
+Federal NNP B-NP
+Home NNP I-NP
+Loan NNP I-NP
+Mortgage NNP I-NP
+Corp. NNP I-NP
+-- : O
+$ $ B-NP
+500 CD I-NP
+million CD I-NP
+of IN B-PP
+Remic NNP B-NP
+mortgage NN I-NP
+securities NNS I-NP
+being VBG B-VP
+offered VBN I-VP
+in IN B-PP
+12 CD B-NP
+classes NNS I-NP
+by IN B-PP
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc NNP I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+, , O
+Series NNP B-NP
+105 CD I-NP
+, , O
+is VBZ B-VP
+backed VBN I-VP
+by IN B-PP
+Freddie NNP B-NP
+Mac NNP I-NP
+9 CD I-NP
+1\/2 CD I-NP
+% NN I-NP
+securities NNS I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+of IN B-PP
+Freddie NNP B-NP
+Mac NNP I-NP
+Remic NNP I-NP
+mortgage NN I-NP
+securities NNS I-NP
+is VBZ B-VP
+being VBG I-VP
+offered VBN I-VP
+in IN B-PP
+10 CD B-NP
+classes NNS I-NP
+by IN B-PP
+Kidder NNP B-NP
+, , I-NP
+Peabody NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+, , O
+Series NNP B-NP
+106 CD I-NP
+, , O
+is VBZ B-VP
+backed VBN I-VP
+by IN B-PP
+Freddie NNP B-NP
+Mac NNP I-NP
+9 CD I-NP
+1\/2 CD I-NP
+% NN I-NP
+securities NNS I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+available JJ B-NP
+details NNS I-NP
+, , O
+yields NNS B-NP
+range VBP B-VP
+from IN B-PP
+8.70 CD B-NP
+% NN I-NP
+, , O
+a DT B-NP
+spread NN I-NP
+of IN B-PP
+80 CD B-NP
+basis NN I-NP
+points NNS I-NP
+over IN B-PP
+three-year JJ B-NP
+Treasury NNP I-NP
+securities NNS I-NP
+, , O
+to TO B-PP
+10.37 CD B-NP
+% NN I-NP
+, , O
+a DT B-NP
+spread NN I-NP
+of IN B-PP
+230 CD B-NP
+basis NN I-NP
+points NNS I-NP
+over IN B-PP
+20-year JJ B-NP
+Treasurys NNPS I-NP
+. . O
+
+The DT B-NP
+offerings NNS I-NP
+bring VBP B-VP
+Freddie NNP B-NP
+Mac NNP I-NP
+'s POS B-NP
+1989 CD I-NP
+Remic NNP I-NP
+issuance NN I-NP
+to TO B-PP
+$ $ B-NP
+32.6 CD I-NP
+billion CD I-NP
+and CC O
+its PRP$ B-NP
+total JJ I-NP
+volume NN I-NP
+to TO B-PP
+$ $ B-NP
+46.5 CD I-NP
+billion CD I-NP
+since IN B-SBAR
+the DT B-NP
+program NN I-NP
+began VBD B-VP
+in IN B-PP
+February NNP B-NP
+1988 CD I-NP
+. . O
+
+European NNP B-NP
+Investment NNP I-NP
+Bank NNP I-NP
+-LRB- ( O
+agency NN B-NP
+-RRB- ) O
+-- : O
+200 CD B-NP
+billion CD I-NP
+lire NNS I-NP
+of IN B-PP
+12 CD B-NP
+% NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+16 CD I-NP
+, , I-NP
+1995 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+101 CD B-NP
+3\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+12 CD B-NP
+% NN I-NP
+less RBR B-PP
+full JJ B-NP
+fees NNS I-NP
+, , O
+via IN B-PP
+lead NN B-NP
+manager NN I-NP
+Banco NNP I-NP
+Commercial NNP I-NP
+Italiana NNP I-NP
+. . O
+
+Fees NNS B-NP
+1 CD B-NP
+3\/4 CD I-NP
+. . O
+
+IBM NNP B-NP
+International NNP I-NP
+Finance NNP I-NP
+-LRB- ( O
+U.S. NNP B-NP
+parent NN I-NP
+-RRB- ) O
+-- : O
+125 CD B-NP
+million CD I-NP
+European JJ I-NP
+currency NN I-NP
+units NNS I-NP
+of IN B-PP
+9 CD B-NP
+1\/8 CD I-NP
+% NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+10 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+101 CD B-NP
+5\/8 CD I-NP
+to TO B-VP
+yield VB I-VP
+9.13 CD B-NP
+% NN I-NP
+at IN B-PP
+the DT B-NP
+recommended VBN I-NP
+reoffered VBN I-NP
+price NN I-NP
+of IN B-PP
+par NN B-NP
+, , O
+via IN B-PP
+Banque NNP B-NP
+Paribas NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+. . O
+
+Societe NNP B-NP
+Generale NNP I-NP
+Australia NNP I-NP
+Ltd NNP I-NP
+. . O
+-LRB- ( O
+French JJ B-NP
+parent NN I-NP
+-RRB- ) O
+-- : O
+50 CD B-NP
+million CD I-NP
+Australian JJ I-NP
+dollars NNS I-NP
+of IN B-PP
+17 CD B-NP
+% NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+20 CD I-NP
+, , I-NP
+1991 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+101.90 CD B-NP
+to TO B-VP
+yield VB I-VP
+16.59 CD B-NP
+less JJR B-PP
+fees NNS B-NP
+, , O
+via IN B-PP
+Westpac NNP B-NP
+Banking NNP I-NP
+Corp NNP I-NP
+. . O
+
+Guaranteed VBN B-VP
+by IN B-PP
+Societe NNP B-NP
+Generale NNP I-NP
+. . O
+
+Fees NNS B-NP
+1 CD B-NP
+1\/4 CD I-NP
+. . O
+
+Mitsubishi NNP B-NP
+Trust NNP I-NP
+& CC I-NP
+Banking NNP I-NP
+Corp NNP I-NP
+. . O
+-LRB- ( O
+Japan NNP B-NP
+-RRB- ) O
+-- : O
+200 CD B-NP
+million CD I-NP
+Swiss JJ I-NP
+francs NNS I-NP
+of IN B-PP
+privately RB B-NP
+placed VBN I-NP
+convertible JJ I-NP
+notes NNS I-NP
+due JJ B-ADJP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+with IN B-PP
+a DT B-NP
+fixed VBN I-NP
+0.75 CD I-NP
+% NN I-NP
+coupon NN I-NP
+at IN B-PP
+par NN B-NP
+, , O
+via IN B-PP
+Union NNP B-NP
+Bank NNP I-NP
+of IN B-PP
+Switzerland NNP B-NP
+. . O
+
+Put VB B-NP
+option NN I-NP
+on IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+at IN B-PP
+a DT B-NP
+fixed VBN I-NP
+107 CD I-NP
+3\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+3.5 CD B-NP
+% NN I-NP
+. . O
+
+Callable JJ B-ADJP
+from IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+at IN B-PP
+107 CD B-NP
+3\/4 CD I-NP
+, , O
+declining VBG B-VP
+two CD B-NP
+points NNS I-NP
+semi-annually RB B-ADVP
+to TO B-PP
+par NN B-NP
+. . O
+
+Each DT B-NP
+50,000 CD I-NP
+Swiss JJ I-NP
+franc NN I-NP
+note NN I-NP
+is VBZ B-VP
+convertible JJ B-ADJP
+from IN B-PP
+Nov NNP B-NP
+, , I-NP
+27 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , O
+to TO B-PP
+March NNP B-NP
+21 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+at IN B-PP
+a DT B-NP
+premium NN I-NP
+over IN B-PP
+the DT B-NP
+closing VBG I-NP
+share NN I-NP
+price NN I-NP
+Oct. NNP B-NP
+25 CD I-NP
+, , O
+when WRB B-ADVP
+terms NNS B-NP
+are VBP B-VP
+scheduled VBN I-VP
+to TO I-VP
+be VB I-VP
+fixed VBN I-VP
+. . O
+
+Also RB B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+issued VBN B-VP
+300 CD B-NP
+million CD I-NP
+marks NNS I-NP
+of IN B-PP
+convertible JJ B-NP
+bonds NNS I-NP
+with IN B-PP
+an DT B-NP
+indicated VBD I-NP
+2 CD I-NP
+3\/4 CD I-NP
+% NN I-NP
+coupon NN I-NP
+due JJ B-ADJP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1995 CD I-NP
+, , O
+at IN B-PP
+par NN B-NP
+, , O
+via IN B-PP
+Westdeutsche NNP B-NP
+Landesbank NNP I-NP
+Girozentrale NNP I-NP
+Bank NNP I-NP
+. . O
+
+Put VB B-NP
+on IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+at IN B-PP
+an DT B-NP
+indicated VBD I-NP
+105 CD I-NP
+to TO B-VP
+yield VB I-VP
+4.80 CD B-NP
+% NN I-NP
+. . O
+
+Call VB B-NP
+option NN I-NP
+beginning VBG B-VP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+if IN B-SBAR
+the DT B-NP
+price NN I-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+rises VBZ B-VP
+more JJR B-NP
+than IN I-NP
+50 CD I-NP
+% NN I-NP
+within IN B-PP
+30 CD B-NP
+trading NN I-NP
+days NNS I-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+a DT B-NP
+call NN I-NP
+option NN I-NP
+for IN B-PP
+tax NN B-NP
+reasons NNS I-NP
+. . O
+
+Each DT B-NP
+1,000 CD I-NP
+mark NN I-NP
+and CC I-NP
+10,000 CD I-NP
+mark NN I-NP
+bond NN I-NP
+is VBZ B-VP
+convertible JJ B-ADJP
+from IN B-PP
+Nov. NNP B-NP
+27 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , O
+to TO B-PP
+March NNP B-NP
+21 CD I-NP
+, , I-NP
+1995 CD I-NP
+, , O
+at IN B-PP
+a DT B-NP
+price NN I-NP
+to TO B-VP
+be VB I-VP
+determined VBN I-VP
+when WRB B-ADVP
+terms NNS B-NP
+are VBP B-VP
+fixed VBN I-VP
+Oct. NNP B-NP
+25 CD I-NP
+. . O
+
+Scandinavian NNP B-NP
+Airlines NNP I-NP
+System NNP I-NP
+-LRB- ( O
+Sweden NNP B-NP
+-RRB- ) O
+-- : O
+100 CD B-NP
+million CD I-NP
+Swiss JJ I-NP
+francs NNS I-NP
+of IN B-PP
+6 CD B-NP
+1\/8 CD I-NP
+% NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+24 CD I-NP
+, , I-NP
+1999 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+100 CD B-NP
+3\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+6.03 CD B-NP
+% NN I-NP
+, , O
+via IN B-PP
+Union NNP B-NP
+Bank NNP I-NP
+of IN B-PP
+Switzerland NNP B-NP
+. . O
+
+Call VB B-NP
+from IN B-PP
+Nov. NNP B-NP
+24 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+at IN B-PP
+101 CD B-NP
+1\/2 CD I-NP
+, , O
+declining VBG B-VP
+1\/4 CD B-NP
+point NN I-NP
+a DT B-NP
+year NN I-NP
+. . O
+
+Federal NNP B-NP
+Home NNP I-NP
+Loan NNP I-NP
+Mortgage NNP I-NP
+Corp. NNP I-NP
+-- : O
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+of IN B-PP
+10-year JJ B-NP
+debentures NNS I-NP
+with IN B-PP
+a DT B-NP
+coupon NN I-NP
+rate NN I-NP
+of IN B-PP
+8.80 CD B-NP
+% NN I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+par NN B-NP
+. . O
+
+The DT B-NP
+debentures NNS I-NP
+, , O
+callable JJ B-ADJP
+at IN B-PP
+par NN B-NP
+in IN B-PP
+five CD B-NP
+years NNS I-NP
+, , O
+were VBD B-VP
+priced VBN I-VP
+at IN B-PP
+a DT B-NP
+yield NN I-NP
+spread NN I-NP
+of IN B-PP
+about IN B-NP
+86 CD I-NP
+basis NN I-NP
+points NNS I-NP
+above IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+10-year JJ I-NP
+note NN I-NP
+. . O
+
+The DT B-NP
+issue NN I-NP
+is VBZ B-VP
+being VBG I-VP
+sold VBN I-VP
+through IN B-PP
+Freddie NNP B-NP
+Mac NNP I-NP
+'s POS B-NP
+17-member JJ I-NP
+securities NNS I-NP
+selling VBG I-NP
+group NN I-NP
+. . O
+
+The DT B-NP
+debentures NNS I-NP
+mature NNP B-VP
+Oct. NNP B-NP
+27 CD I-NP
+, , I-NP
+1999 CD I-NP
+. . O
+
+The DT B-NP
+debentures NNS I-NP
+will MD B-VP
+be VB I-VP
+available JJ B-ADJP
+in IN B-PP
+book-entry JJ B-NP
+form NN I-NP
+only RB B-ADVP
+in IN B-PP
+a DT B-NP
+minimum JJ I-NP
+amount NN I-NP
+of IN B-PP
+$ $ B-NP
+5,000 CD I-NP
+and CC O
+additional JJ B-NP
+increments NNS I-NP
+of IN B-PP
+$ $ B-NP
+5,000 CD I-NP
+. . O
+
+Interest NN B-NP
+will MD B-VP
+be VB I-VP
+paid VBN I-VP
+semi-annually RB B-ADVP
+. . O
+
+First NNP B-ADVP
+they PRP B-NP
+get VBP B-VP
+us PRP B-NP
+to TO B-VP
+buy VB I-VP
+computers NNS B-NP
+so IN B-SBAR
+we PRP B-NP
+can MD B-VP
+get VB I-VP
+more JJR B-NP
+information NN I-NP
+. . O
+
+Then RB B-ADVP
+the DT B-NP
+computers NNS I-NP
+give VBP B-VP
+us PRP B-NP
+more JJR B-NP
+information NN I-NP
+than IN B-SBAR
+we PRP B-NP
+can MD B-VP
+ever RB I-VP
+read VB I-VP
+. . O
+
+Now RB B-ADVP
+they PRP B-NP
+plan VBP B-VP
+to TO I-VP
+sell VB I-VP
+us PRP B-NP
+products NNS B-NP
+that WDT B-NP
+sift VBP B-VP
+through IN B-PP
+all PDT B-NP
+the DT I-NP
+information NN I-NP
+to TO B-VP
+give VB I-VP
+us PRP B-NP
+what WP B-NP
+we PRP B-NP
+really RB B-ADVP
+want VBP B-VP
+to TO I-VP
+know VB I-VP
+. . O
+
+The DT B-NP
+products NNS I-NP
+range VBP B-VP
+from IN B-PP
+computer-edited JJ B-NP
+, , I-NP
+personal JJ I-NP
+newsletters NNS I-NP
+to TO B-PP
+systems NNS B-NP
+that WDT B-NP
+sit VBP B-VP
+inside IN B-PP
+a DT B-NP
+personal JJ I-NP
+computer NN I-NP
+and CC O
+pick VB B-VP
+stories NNS B-NP
+on IN B-PP
+selected VBN B-NP
+topics NNS I-NP
+off IN B-PP
+news NN B-NP
+wires NNS I-NP
+. . O
+
+`` `` O
+Filtered VBN B-NP
+news NN I-NP
+is VBZ B-VP
+what WP B-NP
+people NNS B-NP
+want VBP B-VP
+, , O
+'' '' O
+says VBZ B-VP
+Esther NNP B-NP
+Dyson NNP I-NP
+, , O
+editor NN B-NP
+of IN B-PP
+Release NNP B-NP
+1.0 CD I-NP
+, , O
+an DT B-NP
+industry NN I-NP
+newsletter NN I-NP
+that IN B-NP
+spots VBZ B-VP
+new JJ B-NP
+developments NNS I-NP
+. . O
+
+`` `` O
+Most JJS B-NP
+people NNS I-NP
+read VBP B-VP
+10 CD B-NP
+times NNS I-NP
+more JJR I-NP
+than IN B-PP
+necessary JJ B-ADJP
+in IN B-SBAR
+order NN O
+to TO B-VP
+find VB I-VP
+out IN B-PRT
+what WP B-NP
+they PRP B-NP
+really RB B-ADVP
+need VBP B-VP
+. . O
+'' '' O
+
+Geoffrey NNP B-NP
+Goodfellow NNP I-NP
+, , O
+who WP B-NP
+dropped VBD B-VP
+out IN B-PP
+of IN B-PP
+high JJ B-NP
+school NN I-NP
+back RB B-ADVP
+in IN B-PP
+the DT B-NP
+1970s NNS I-NP
+to TO B-VP
+manage VB I-VP
+a DT B-NP
+computer NN I-NP
+network NN I-NP
+at IN B-PP
+a DT B-NP
+California NNP I-NP
+research NN I-NP
+firm NN I-NP
+, , O
+says VBZ B-VP
+: : O
+`` `` O
+Old NNP B-NP
+network NN I-NP
+hands NNS I-NP
+have VBP B-VP
+started VBN I-VP
+to TO I-VP
+turn VB I-VP
+off IN B-PRT
+the DT B-NP
+network NN I-NP
+because IN B-SBAR
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+time NN B-NP
+to TO B-VP
+wade VB I-VP
+through IN B-PP
+the DT B-NP
+muck NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Goodfellow NNP I-NP
+has VBZ B-VP
+started VBN I-VP
+a DT B-NP
+Menlo NNP I-NP
+Park NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+company NN I-NP
+called VBN B-VP
+Anterior NNP B-NP
+Technology NNP I-NP
+that WDT B-NP
+provides VBZ B-VP
+human JJ B-NP
+editors NNS I-NP
+for IN B-PP
+public JJ B-NP
+electronic JJ I-NP
+networks NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+see VBP B-VP
+it PRP B-NP
+as IN B-PP
+a DT B-NP
+sewage NN I-NP
+treatment NN I-NP
+plant NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+A DT B-NP
+new JJ I-NP
+product NN I-NP
+, , O
+NewsEdge NNP B-NP
+, , O
+carries VBZ B-VP
+five CD B-NP
+business NN I-NP
+news NN I-NP
+wires NNS I-NP
+simultaneously RB B-ADVP
+into IN B-PP
+a DT B-NP
+user NN I-NP
+'s POS B-NP
+computer NN I-NP
+and CC O
+beeps NNS B-VP
+and CC I-VP
+flashes NNS I-VP
+whenever WRB B-ADVP
+an DT B-NP
+article NN I-NP
+appears VBZ B-VP
+that WDT B-NP
+is NNS B-VP
+of IN B-PP
+interest NN B-NP
+to TO B-PP
+the DT B-NP
+user NN I-NP
+. . O
+
+The DT B-NP
+product NN I-NP
+, , O
+developed VBN B-VP
+by IN B-PP
+Desktop NNP B-NP
+Data NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+new JJ I-NP
+company NN I-NP
+based VBN B-VP
+in IN B-PP
+Waltham NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+scans VBZ B-VP
+the DT B-NP
+wires NNS I-NP
+looking VBG B-VP
+for IN B-PP
+articles NNS B-NP
+that WDT B-NP
+contain VBP B-VP
+key JJ B-NP
+words NNS I-NP
+specified VBN B-VP
+by IN B-PP
+the DT B-NP
+user NN I-NP
+. . O
+
+One CD B-NP
+early JJ I-NP
+user NN I-NP
+, , O
+David NNP B-NP
+Semmel NNP I-NP
+, , O
+a DT B-NP
+Chicago NNP I-NP
+venture NN I-NP
+capitalist NN I-NP
+and CC O
+investor NN B-NP
+in IN B-PP
+Desktop NNP B-NP
+Data NNP I-NP
+, , O
+says VBZ B-VP
+he PRP B-NP
+uses VBZ B-VP
+it PRP B-NP
+to TO B-VP
+track VB I-VP
+takeover NN B-NP
+developments NNS I-NP
+. . O
+
+He PRP B-NP
+says VBZ B-VP
+he PRP B-NP
+told VBD B-VP
+NewsEdge NNP B-NP
+to TO B-VP
+look VB I-VP
+for IN B-PP
+stories NNS B-NP
+containing VBG B-VP
+such JJ B-NP
+words NNS I-NP
+as IN B-PP
+takeover NN B-NP
+, , I-NP
+acquisition NN I-NP
+, , I-NP
+acquire VB I-NP
+, , I-NP
+LBO NNP I-NP
+, , I-NP
+tender NN I-NP
+, , I-NP
+merger NN I-NP
+, , I-NP
+junk NN I-NP
+and CC I-NP
+halted VBN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+pretty RB B-ADJP
+confident JJ I-ADJP
+I PRP B-NP
+'m VBP B-VP
+catching VBG I-VP
+everything NN B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+NewsEdge NNP B-NP
+is VBZ B-VP
+pricey JJ B-ADJP
+: : O
+$ $ B-NP
+7,500 CD I-NP
+a DT B-NP
+year NN I-NP
+for IN B-PP
+a DT B-NP
+limited JJ I-NP
+version NN I-NP
+, , O
+$ $ B-NP
+40,000 CD I-NP
+a DT B-NP
+year NN I-NP
+if IN B-SBAR
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+all PDT B-NP
+the DT I-NP
+news NN I-NP
+wires NNS I-NP
+is VBZ B-VP
+included VBN I-VP
+. . O
+
+And CC O
+it PRP B-NP
+works VBZ B-VP
+best JJS B-ADVP
+in IN B-PP
+high-powered JJ B-NP
+personal JJ I-NP
+computers NNS I-NP
+. . O
+
+But CC O
+some DT B-NP
+investors NNS I-NP
+and CC I-NP
+consultants NNS I-NP
+who WP B-NP
+have VBP B-VP
+tried VBN I-VP
+it PRP B-NP
+are VBP B-VP
+enthusiastic JJ B-ADJP
+. . O
+
+Jeffrey NNP B-NP
+Tarter NNP I-NP
+, , O
+editor NN B-NP
+of IN B-PP
+SoftLetter NNP B-NP
+, , O
+a DT B-NP
+Watertown NNP I-NP
+, , I-NP
+Mass. NNP I-NP
+, , I-NP
+industry NN I-NP
+newsletter NN I-NP
+, , O
+says VBZ B-VP
+: : O
+`` `` O
+I PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+people NNS B-NP
+fooling VBG B-VP
+around IN B-PRT
+on IN B-PP
+the DT B-NP
+fringes NNS I-NP
+of IN B-PP
+filtering VBG B-NP
+information NN I-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+I PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+something NN B-NP
+I PRP B-NP
+could MD B-VP
+imagine VB I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+people NNS B-NP
+using VBG B-VP
+. . O
+'' '' O
+
+NewsEdge NNP B-NP
+uses VBZ B-VP
+an DT B-NP
+FM NNP I-NP
+radio NN I-NP
+band NN I-NP
+to TO B-VP
+carry VB I-VP
+news NN B-NP
+wires NNS I-NP
+provided VBN B-VP
+by IN B-PP
+Reuters NNP B-NP
+, , O
+McGraw-Hill NNP B-NP
+and CC O
+Dow NNP B-NP
+Jones NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+PR NNP B-NP
+Newswire NNP I-NP
+, , O
+which WDT B-NP
+carries VBZ B-VP
+corporate JJ B-NP
+press NN I-NP
+releases NNS I-NP
+. . O
+
+An DT B-NP
+FM NNP I-NP
+receiver NN I-NP
+attached VBN B-VP
+to TO B-PP
+a DT B-NP
+user NN I-NP
+'s POS B-NP
+personal JJ I-NP
+computer NN I-NP
+receives VBZ B-VP
+the DT B-NP
+information NN I-NP
+. . O
+
+Some DT B-NP
+organizations NNS I-NP
+have VBP B-VP
+devised VBN I-VP
+their PRP$ B-NP
+own JJ I-NP
+systems NNS I-NP
+to TO B-VP
+sort VB I-VP
+through IN B-PP
+news NN B-NP
+wire NN I-NP
+items NNS I-NP
+as IN B-SBAR
+they PRP B-NP
+come VBP B-VP
+in RB B-ADVP
+. . O
+
+George NNP B-NP
+Goodwin NNP I-NP
+, , O
+an DT B-NP
+account NN I-NP
+manager NN I-NP
+at IN B-PP
+Royal NNP B-NP
+Bank NNP I-NP
+of IN B-PP
+Canada NNP B-NP
+, , O
+adapted VBD B-VP
+a DT B-NP
+Lotus NNP I-NP
+Development NNP I-NP
+Corp. NNP I-NP
+program NN I-NP
+called VBN B-VP
+Agenda NNP B-NP
+to TO B-VP
+sort VB I-VP
+through IN B-PP
+international JJ B-NP
+news NN I-NP
+wires NNS I-NP
+. . O
+
+It PRP B-NP
+automatically RB B-ADVP
+selects VBZ B-VP
+stories NNS B-NP
+from IN B-PP
+particular JJ B-NP
+countries NNS I-NP
+for IN B-PP
+reading NN B-NP
+by IN B-PP
+the DT B-NP
+international JJ I-NP
+bankers NNS I-NP
+responsible JJ B-ADJP
+for IN B-PP
+lending NN B-NP
+in IN B-PP
+those DT B-NP
+areas NNS I-NP
+. . O
+
+For IN B-PP
+those DT B-NP
+who WP B-NP
+do VBP B-VP
+n't RB I-VP
+need VB I-VP
+their PRP$ B-NP
+personalized VBN I-NP
+information NN I-NP
+moment NN B-NP
+by IN B-PP
+moment NN B-NP
+, , O
+some DT B-NP
+services NNS I-NP
+are VBP B-VP
+offering VBG I-VP
+overnight JJ B-NP
+newsletters NNS I-NP
+. . O
+
+Individual NNP B-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+new JJ I-NP
+company NN I-NP
+in IN B-PP
+Brookline NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+uses VBZ B-VP
+filtering VBG B-NP
+technology NN I-NP
+developed VBN B-VP
+by IN B-PP
+Cornell NNP B-NP
+University NNP I-NP
+computer NN I-NP
+scientist NN I-NP
+Gerard NNP I-NP
+Salton NNP I-NP
+, , O
+to TO B-VP
+automatically RB I-VP
+produce VB I-VP
+customized VBN B-NP
+newsletters NNS I-NP
+it PRP B-NP
+sends VBZ B-VP
+electronically RB B-ADVP
+to TO B-PP
+subscribers NNS B-NP
+by IN B-PP
+8 CD B-NP
+a.m. NN I-NP
+the DT B-NP
+next JJ I-NP
+day NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+operating VBG I-VP
+an DT B-NP
+information NN I-NP
+refinery NN I-NP
+that WDT B-NP
+takes VBZ B-VP
+a DT B-NP
+broad JJ I-NP
+stream NN I-NP
+of IN B-PP
+raw JJ B-NP
+data NNS I-NP
+and CC O
+turns VBZ B-VP
+it PRP B-NP
+into IN B-PP
+actionable JJ B-NP
+knowledge NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Yosi NNP B-NP
+Amram NNP I-NP
+, , O
+founder NN B-NP
+and CC I-NP
+president NN I-NP
+. . O
+
+The DT B-NP
+daily JJ I-NP
+newsletter NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+n't RB O
+widely RB B-ADJP
+available JJ I-ADJP
+yet RB B-ADVP
+, , O
+will MD B-VP
+have VB I-VP
+a DT B-NP
+base NN I-NP
+cost NN I-NP
+of IN B-PP
+$ $ B-NP
+2,000 CD I-NP
+a DT B-NP
+year NN I-NP
+and CC O
+provides VBZ B-VP
+full JJ B-NP
+text NN I-NP
+of IN B-PP
+relevant JJ B-NP
+articles NNS I-NP
+under IN B-PP
+license NN B-NP
+agreements NNS I-NP
+with IN B-PP
+Reuters NNP B-NP
+, , O
+McGraw NNP B-NP
+Hill NNP I-NP
+, , O
+United NNP B-NP
+Press NNP I-NP
+International NNP I-NP
+, , O
+two CD B-NP
+press NN I-NP
+release NN I-NP
+news NN I-NP
+wires NNS I-NP
+and CC O
+Japan NNP B-NP
+'s POS B-NP
+Kyodo NNP I-NP
+news NN I-NP
+service NN I-NP
+. . O
+
+One CD B-NP
+early JJ I-NP
+user NN I-NP
+is VBZ B-VP
+NEC NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+U.S. NNP I-NP
+printer NN I-NP
+marketing NN I-NP
+arm NN I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+want VBP B-VP
+the DT B-NP
+full JJ I-NP
+press NN I-NP
+releases NNS I-NP
+on IN B-PP
+printer NN B-NP
+announcements NNS I-NP
+by IN B-PP
+their PRP$ B-NP
+competition NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Amram NNP I-NP
+says VBZ B-VP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+tracks VBZ B-VP
+personnel NNS B-NP
+and CC I-NP
+financial JJ I-NP
+announcements NNS I-NP
+by IN B-PP
+NEC NNP B-NP
+'s POS B-NP
+distributors NNS I-NP
+and CC I-NP
+customers NNS I-NP
+. . O
+
+Individual NNP B-NP
+Inc. NNP I-NP
+'s POS B-NP
+technology NN I-NP
+goes VBZ B-VP
+beyond IN B-PP
+word NN B-NP
+searches NNS I-NP
+by IN B-PP
+using VBG B-VP
+a DT B-NP
+computerized JJ I-NP
+thesaurus NN I-NP
+. . O
+
+If IN B-SBAR
+a DT B-NP
+customer NN I-NP
+asks VBZ B-VP
+for IN B-PP
+stories NNS B-NP
+about IN B-PP
+`` `` O
+IBM NNP B-NP
+, , O
+'' '' O
+the DT B-NP
+computer NN I-NP
+will MD B-VP
+also RB I-VP
+supply VB I-VP
+stories NNS B-NP
+that WDT B-NP
+mention VBP B-VP
+`` `` O
+I.B.M. NNP B-NP
+, , O
+International NNP B-NP
+Business NNP I-NP
+Machines NNPS I-NP
+, , O
+or CC O
+Big NNP B-NP
+Blue NNP I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Amram NNP I-NP
+says VBZ B-VP
+. . O
+
+Moreover RB B-ADVP
+, , O
+Individual NNP B-NP
+Inc. NNP I-NP
+'s POS B-NP
+computers NNS I-NP
+can MD B-VP
+weigh VB I-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+an DT B-NP
+article NN I-NP
+based VBN B-VP
+on IN B-PP
+how WRB B-ADVP
+closely RB I-ADVP
+the DT B-NP
+story NN I-NP
+matches VBZ B-VP
+the DT B-NP
+subscriber NN I-NP
+'s POS B-NP
+interest NN I-NP
+area NN I-NP
+. . O
+
+It PRP B-NP
+compares VBZ B-VP
+the DT B-NP
+position NN I-NP
+of IN B-PP
+key JJ B-NP
+words NNS I-NP
+in IN B-PP
+the DT B-NP
+story NN I-NP
+; : O
+words NNS B-NP
+in IN B-PP
+the DT B-NP
+headline NN I-NP
+or CC I-NP
+first JJ I-NP
+paragraph NN I-NP
+get VB B-VP
+a DT B-NP
+higher JJR I-NP
+value NN I-NP
+. . O
+
+And CC O
+it PRP B-NP
+calculates VBZ B-VP
+how WRB B-ADVP
+often RB I-ADVP
+the DT B-NP
+words NNS I-NP
+appear VBP B-VP
+in IN B-PP
+the DT B-NP
+story NN I-NP
+compared VBN B-PP
+with IN B-PP
+how WRB B-ADVP
+often RB I-ADVP
+they PRP B-NP
+appear VBP B-VP
+in IN B-PP
+the DT B-NP
+entire JJ I-NP
+data NNS I-NP
+base VBP I-NP
+. . O
+
+The DT O
+higher JJR O
+the DT B-NP
+ratio NN I-NP
+of IN B-PP
+hits NNS B-NP
+to TO B-PP
+total VB B-NP
+words NNS I-NP
+, , O
+the DT O
+higher JJR O
+the DT B-NP
+presumed VBN I-NP
+value NN I-NP
+to TO B-PP
+the DT B-NP
+reader NN I-NP
+. . O
+
+Pinpoint NNP B-NP
+Information NNP I-NP
+Corp. NNP I-NP
+, , O
+Chantilly NNP B-NP
+, , O
+Va. NNP B-NP
+, , O
+a DT B-NP
+producer NN I-NP
+of IN B-PP
+$ $ B-NP
+1,800-a-year RB I-NP
+personalized VBN I-NP
+newsletters NNS I-NP
+about IN B-PP
+the DT B-NP
+computer NN I-NP
+industry NN I-NP
+that WDT B-NP
+started VBD B-VP
+full JJ B-NP
+operation NN I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+relies VBZ B-VP
+on IN B-PP
+12 CD B-NP
+human JJ I-NP
+readers NNS I-NP
+to TO B-VP
+code VB I-VP
+news NN B-NP
+releases NNS I-NP
+by IN B-PP
+topic NN B-NP
+in IN B-SBAR
+order NN O
+to TO B-VP
+select VB I-VP
+items NNS B-NP
+for IN B-PP
+each DT B-NP
+subscriber NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+computers NNS I-NP
+find VBP B-VP
+all PDT B-NP
+the DT I-NP
+key JJ I-NP
+words NNS I-NP
+they PRP B-NP
+can MD B-VP
+, , O
+but CC O
+the DT B-NP
+editors NNS I-NP
+confirm VBP B-VP
+every DT B-NP
+one CD I-NP
+. . O
+
+Computer NNP B-NP
+picking VBG I-NP
+is VBZ B-VP
+n't RB O
+perfect JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Harvey NNP B-NP
+Golomb NNP I-NP
+, , O
+president NN B-NP
+and CC I-NP
+founder NN I-NP
+of IN B-PP
+Pinpoint NNP B-NP
+. . O
+
+The DT B-NP
+humans NNS I-NP
+also RB B-ADVP
+write VBP B-VP
+abstracts NNS B-NP
+of IN B-PP
+articles NNS B-NP
+from IN B-PP
+some DT B-NP
+200 CD I-NP
+computer NN I-NP
+industry NN I-NP
+publications NNS I-NP
+. . O
+
+Once RB O
+all PDT B-NP
+the DT I-NP
+articles NNS I-NP
+are VBP B-VP
+coded VBN I-VP
+and CC O
+put VB B-VP
+in IN B-PP
+a DT B-NP
+data NNS I-NP
+base VBP I-NP
+, , O
+Pinpoint NNP B-NP
+'s POS B-NP
+computers NNS I-NP
+pick VBP B-VP
+the DT B-NP
+most RBS I-NP
+relevant JJ I-NP
+for IN B-PP
+each DT B-NP
+subscriber NN I-NP
+and CC O
+lay VBD B-VP
+them PRP B-NP
+out IN B-PRT
+in IN B-PP
+a DT B-NP
+three-to-five-page JJ I-NP
+newsletter NN I-NP
+format NN I-NP
+; : O
+each DT B-NP
+newsletter NN I-NP
+is VBZ B-VP
+sent VBN I-VP
+directly RB B-ADVP
+from IN B-PP
+the DT B-NP
+computer NN I-NP
+to TO B-PP
+the DT B-NP
+subscriber NN I-NP
+'s POS B-NP
+fax NN I-NP
+machine NN I-NP
+. . O
+
+Mr. NNP B-NP
+Golomb NNP I-NP
+says VBZ B-VP
+each DT B-NP
+of IN B-PP
+his PRP$ B-NP
+computers NNS I-NP
+can MD B-VP
+produce VB I-VP
+and CC I-VP
+send VB I-VP
+about IN B-NP
+75 CD I-NP
+unique JJ I-NP
+newsletters NNS I-NP
+a DT B-NP
+night NN I-NP
+. . O
+
+Many JJ B-NP
+computer NN I-NP
+network NN I-NP
+users NNS I-NP
+who WP B-NP
+never RB B-ADVP
+see VB B-VP
+news NN B-NP
+wires NNS I-NP
+would MD B-VP
+like VB I-VP
+to TO I-VP
+sort VB I-VP
+through IN B-PP
+their PRP$ B-NP
+electronic JJ I-NP
+mail NN I-NP
+automatically RB B-ADVP
+. . O
+
+So-called JJ B-NP
+E-mail NN I-NP
+is VBZ B-VP
+the DT B-NP
+collection NN I-NP
+of IN B-PP
+inter-office JJ B-NP
+memos NNS I-NP
+, , O
+gossip NN B-NP
+, , O
+technical JJ B-NP
+data NNS I-NP
+, , O
+schedules NNS B-NP
+and CC O
+directives NNS B-NP
+distributed VBN B-VP
+over IN B-PP
+local JJ B-NP
+and CC I-NP
+national JJ I-NP
+computer NN I-NP
+networks NNS I-NP
+. . O
+
+`` `` O
+All DT B-NP
+these DT I-NP
+interconnected VBN I-NP
+computers NNS I-NP
+make VBP B-VP
+it PRP B-NP
+difficult JJ B-ADJP
+to TO B-VP
+sort VB I-VP
+out IN B-PRT
+what WP B-NP
+'s VBZ B-VP
+junk NN B-NP
+and CC O
+what WP B-NP
+'s VBZ B-VP
+important JJ B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Chuck NNP B-NP
+Digate NNP I-NP
+, , O
+a DT B-NP
+former JJ I-NP
+Lotus NNP I-NP
+Development NNP I-NP
+executive NN I-NP
+who WP B-NP
+has VBZ B-VP
+started VBN I-VP
+a DT B-NP
+new JJ I-NP
+company NN I-NP
+to TO B-VP
+cope VB I-VP
+with IN B-PP
+the DT B-NP
+problem NN I-NP
+. . O
+
+Mr. NNP B-NP
+Digate NNP I-NP
+says VBZ B-VP
+his PRP$ B-NP
+firm NN I-NP
+, , O
+Beyond IN B-NP
+Inc. NNP I-NP
+, , O
+has VBZ B-VP
+licensed VBN I-VP
+technology NN B-NP
+known VBN B-VP
+as IN B-PP
+Information NNP B-NP
+Lens NNP I-NP
+from IN B-PP
+Massachusetts NNP B-NP
+Institute NNP I-NP
+of IN B-PP
+Technology NNP B-NP
+and CC O
+plans NNS B-VP
+to TO I-VP
+develop VB I-VP
+it PRP B-NP
+for IN B-PP
+commercial JJ B-NP
+use NN I-NP
+. . O
+
+The DT B-NP
+MIT NNP I-NP
+project NN I-NP
+devised VBD B-VP
+ways NNS B-NP
+for IN B-SBAR
+E-mail NN B-NP
+to TO B-VP
+be VB I-VP
+automatically RB I-VP
+categorized VBN I-VP
+as IN B-PP
+top JJ B-NP
+priority NN I-NP
+if IN B-SBAR
+it PRP B-NP
+comes VBZ B-VP
+from IN B-PP
+certain RB B-NP
+designated VBN I-NP
+senders NNS I-NP
+or CC O
+requires VBZ B-VP
+action NN B-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+couple NN I-NP
+of IN B-PP
+days NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Digate NNP I-NP
+says VBZ B-VP
+that IN O
+Beyond IN B-NP
+will MD B-VP
+refine VB I-VP
+the DT B-NP
+product NN I-NP
+`` `` O
+so RB B-SBAR
+the DT B-NP
+message NN I-NP
+will MD B-VP
+be VB I-VP
+smart JJ B-ADJP
+enough RB I-ADJP
+to TO B-VP
+know VB I-VP
+to TO I-VP
+come VB I-VP
+back RB B-ADVP
+and CC O
+bother VB B-VP
+you PRP B-NP
+again RB B-ADVP
+next JJ B-NP
+week NN I-NP
+. . O
+'' '' O
+
+And CC O
+if IN B-SBAR
+a DT B-NP
+user NN I-NP
+is VBZ B-VP
+busy JJ B-ADJP
+, , O
+`` `` O
+he PRP B-NP
+can MD B-VP
+set VB I-VP
+it PRP B-NP
+for IN B-PP
+crisis NN B-NP
+mode NN I-NP
+: : O
+` `` O
+Do VBP B-VP
+n't RB I-VP
+bother VB I-VP
+me PRP B-NP
+with IN B-PP
+reports NNS B-NP
+until IN B-PP
+Monday NNP B-NP
+. . O
+' '' O
+'' '' O
+
+A DT B-NP
+program NN I-NP
+called VBD B-VP
+Notes NNS B-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+under IN B-PP
+development NN B-NP
+by IN B-PP
+Lotus NNP B-NP
+, , O
+also RB B-ADVP
+is VBZ B-VP
+designed VBN I-VP
+to TO B-VP
+sort VB I-VP
+E-mail NN B-NP
+sent VBD B-VP
+within IN B-PP
+work NN B-NP
+groups NNS I-NP
+. . O
+
+One CD B-NP
+thing NN I-NP
+that WDT B-NP
+makes VBZ B-VP
+E-mail NN B-NP
+difficult JJ B-ADJP
+to TO B-VP
+sift VB I-VP
+through IN B-PP
+is VBZ B-VP
+that IN B-SBAR
+each DT B-NP
+item NN I-NP
+looks VBZ B-VP
+the DT B-NP
+same JJ I-NP
+. . O
+
+Notes NNS B-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+designed VBN I-VP
+for IN B-PP
+advanced VBN B-NP
+computers NNS I-NP
+that IN B-NP
+display NN B-VP
+graphics NNS B-NP
+, , O
+allows VBZ B-VP
+mail NN B-NP
+senders NNS I-NP
+to TO B-VP
+put VB I-VP
+different JJ B-NP
+logos NNS I-NP
+on IN B-PP
+their PRP$ B-NP
+mail NN I-NP
+. . O
+
+A DT B-NP
+daily JJ I-NP
+news NN I-NP
+briefing NN I-NP
+from IN B-PP
+the DT B-NP
+company NN I-NP
+librarian NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+would MD B-VP
+have VB I-VP
+a DT B-NP
+distinctive JJ I-NP
+format NN I-NP
+on IN B-PP
+the DT B-NP
+screen NN I-NP
+, , O
+just RB B-SBAR
+as IN I-SBAR
+a DT B-NP
+paper NN I-NP
+version NN I-NP
+would MD B-VP
+have VB I-VP
+. . O
+
+`` `` O
+With IN B-PP
+E-mail NN B-NP
+, , O
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+the DT B-NP
+visual JJ I-NP
+clues NNS I-NP
+of IN B-PP
+paper NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Tarter NNP I-NP
+, , O
+the DT B-NP
+editor NN I-NP
+of IN B-PP
+SoftLetter NNP B-NP
+. . O
+
+`` `` O
+With IN B-PP
+Notes NNS B-NP
+, , O
+they PRP B-NP
+'re VBP B-VP
+visually RB B-ADJP
+distinct JJ I-ADJP
+. . O
+
+Dean NNP B-NP
+Witter NNP I-NP
+Reynolds NNP I-NP
+Inc. NNP I-NP
+lost VBD B-VP
+its PRP$ B-NP
+second JJ I-NP
+recent JJ I-NP
+arbitration NN I-NP
+case NN I-NP
+involving VBG B-VP
+a DT B-NP
+former JJ I-NP
+bond-trading JJ I-NP
+executive NN I-NP
+. . O
+
+A DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+arbitration NN I-NP
+panel NN I-NP
+ordered VBD B-VP
+Dean NNP B-NP
+Witter NNP I-NP
+to TO B-VP
+pay VB I-VP
+$ $ B-NP
+404,294 CD I-NP
+in IN B-PP
+back RB B-NP
+bonuses VBZ I-NP
+to TO B-PP
+William NNP B-NP
+Kelly NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+former JJ I-NP
+head NN I-NP
+of IN B-PP
+high-yield JJ B-NP
+, , I-NP
+high-risk JJ I-NP
+junk-bond NN I-NP
+trading NN I-NP
+and CC I-NP
+sales NNS I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+awarded VBD B-VP
+$ $ B-NP
+196,785 CD I-NP
+in IN B-PP
+back RB B-NP
+bonuses VBZ I-NP
+to TO B-PP
+former JJ B-NP
+trader NN I-NP
+Michael NNP I-NP
+Newcomb NNP I-NP
+and CC O
+$ $ B-NP
+69,105 CD I-NP
+in IN B-PP
+fees NNS B-NP
+to TO B-PP
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+'s POS B-NP
+attorneys NNS I-NP
+. . O
+
+The DT B-NP
+sums NNS I-NP
+awarded VBN B-VP
+to TO B-PP
+Messrs. NNP B-NP
+Kelly NNP I-NP
+and CC I-NP
+Newcomb NNP I-NP
+represent VB B-VP
+bonuses VBZ B-NP
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+said VBD B-VP
+they PRP B-NP
+deserved VBD B-VP
+from IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+of IN B-PP
+1988 CD B-NP
+, , O
+but CC O
+which WDT B-NP
+were VBD B-VP
+n't RB I-VP
+paid VBN I-VP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+dispute NN I-NP
+over IN B-PP
+an DT B-NP
+incentive NN I-NP
+contract NN I-NP
+. . O
+
+Jeffrey NNP B-NP
+L. NNP I-NP
+Liddle NNP I-NP
+, , O
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+'s POS B-NP
+attorney NN I-NP
+at IN B-PP
+Liddle NNP B-NP
+, , I-NP
+O'Connor NNP I-NP
+, , I-NP
+Finkelstein NNP I-NP
+& CC I-NP
+Robinson NNP I-NP
+, , O
+said VBD B-VP
+Mr. NNP B-NP
+Kelly NNP I-NP
+began VBD B-VP
+working VBG I-VP
+at IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+in IN B-PP
+1987 CD B-NP
+. . O
+
+Mr. NNP B-NP
+Kelly NNP I-NP
+built VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+high-yield JJ I-NP
+bond NN I-NP
+group NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+minor JJ I-NP
+player NN I-NP
+in IN B-PP
+the DT B-NP
+junk-bond NN I-NP
+arena NN I-NP
+. . O
+
+Dean NNP B-NP
+Witter NNP I-NP
+lost VBD B-VP
+a DT B-NP
+separate JJ I-NP
+case NN I-NP
+involving VBG B-VP
+a DT B-NP
+former JJ I-NP
+bond NN I-NP
+executive NN I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+; : O
+in IN B-PP
+August NNP B-NP
+it PRP B-NP
+paid VBD B-VP
+$ $ B-NP
+666,666 CD I-NP
+in IN B-PP
+back JJ B-NP
+pay NN I-NP
+and CC O
+a DT B-NP
+bonus NN I-NP
+to TO B-PP
+a DT B-NP
+former JJ I-NP
+corporate-bond JJ I-NP
+trading NN I-NP
+chief NN I-NP
+, , O
+Harold NNP B-NP
+Bachman NNP I-NP
+. . O
+
+That DT B-NP
+award NN I-NP
+ended VBD B-VP
+a DT B-NP
+dispute NN I-NP
+between IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+and CC O
+Mr. NNP B-NP
+Bachman NNP I-NP
+over IN B-PP
+who WP B-NP
+was VBD B-VP
+responsible JJ B-ADJP
+for IN B-PP
+certain JJ B-NP
+bond-trading JJ I-NP
+losses NNS I-NP
+around IN B-PP
+the DT B-NP
+time NN I-NP
+of IN B-PP
+the DT B-NP
+1987 CD I-NP
+stock-market NN I-NP
+crash NN I-NP
+. . O
+
+A DT B-NP
+spokesman NN I-NP
+for IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Sears NNP B-NP
+, , I-NP
+Roebuck NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+. . O
+
+DILLARD NNP B-NP
+DEPARTMENT NNP I-NP
+STORES NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+offered VBD B-VP
+$ $ B-NP
+50 CD I-NP
+million CD I-NP
+of IN B-PP
+9 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+debentures NNS I-NP
+due JJ B-ADJP
+2001 CD B-NP
+at IN B-PP
+par NN B-NP
+. . O
+
+The DT B-NP
+Little NNP I-NP
+Rock NNP I-NP
+, , I-NP
+Ark. NNP I-NP
+, , I-NP
+department-store NN I-NP
+retailer NN I-NP
+said VBD B-VP
+proceeds NNS B-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+reduce VB I-VP
+short-term JJ B-NP
+debt NN I-NP
+. . O
+
+Goldman NNP B-NP
+, , I-NP
+Sachs NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+was VBD B-VP
+the DT B-NP
+underwriter NN I-NP
+. . O
+
+American NNP B-NP
+Brands NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+rose VBD B-VP
+13 CD B-NP
+% NN I-NP
+, , O
+reflecting VBG B-VP
+strong JJ B-NP
+gains NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+tobacco NN I-NP
+and CC I-NP
+distilled VBN I-NP
+spirits NNS I-NP
+businesses NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+which WDT B-NP
+also RB B-ADVP
+has VBZ B-VP
+businesses NNS B-NP
+in IN B-PP
+life NN B-NP
+insurance NN I-NP
+, , O
+office NN B-NP
+products NNS I-NP
+and CC I-NP
+hardware NN I-NP
+, , O
+and CC O
+home-improvement NN B-NP
+products NNS I-NP
+, , O
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+166.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.71 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+146.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.53 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Year-earlier JJ B-NP
+results NNS I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+and CC O
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+were VBD B-VP
+restated VBN I-VP
+to TO B-VP
+reflect VB I-VP
+a DT B-NP
+change NN I-NP
+in IN B-PP
+accounting NN B-NP
+standards NNS I-NP
+. . O
+
+Revenue NN B-NP
+declined VBD B-VP
+2 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+3.06 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+3.13 CD I-NP
+billion CD I-NP
+, , O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+Southland NNP B-NP
+Life NNP I-NP
+in IN B-PP
+March NNP B-NP
+, , O
+and CC O
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+stronger JJR I-NP
+U.S. NNP I-NP
+dollar NN I-NP
+on IN B-PP
+overseas JJ B-NP
+results NNS I-NP
+. . O
+
+Operating NN B-NP
+profit NN I-NP
+for IN B-PP
+world-wide JJ B-NP
+tobacco NN I-NP
+products NNS I-NP
+rose VBD B-VP
+10 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+247.6 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+distilled VBN B-NP
+spirits NNS I-NP
+, , O
+operating VBG B-NP
+profit NN I-NP
+rose VBD B-VP
+36 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+24.8 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net NN B-NP
+rose VBD B-VP
+1.5 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+458.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.76 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+452 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+included VBD B-VP
+$ $ B-NP
+40.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+41 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+9.03 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+8.98 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+number NN I-NP
+of IN B-PP
+shares NNS B-NP
+outstanding JJ B-ADJP
+rose VBD B-VP
+2 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+but CC O
+was VBD B-VP
+down RB B-ADVP
+4 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+American NNP B-NP
+Brands NNP I-NP
+shares NNS I-NP
+rose VBD B-VP
+$ $ B-NP
+1.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+73 CD I-NP
+. . O
+
+SANTA NNP B-NP
+FE NNP I-NP
+PACIFIC NNP I-NP
+PIPELINE NNP I-NP
+PARTNERS NNP I-NP
+Limited NNP I-NP
+Partnership NNP I-NP
+, , O
+of IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+increased VBD B-VP
+its PRP$ B-NP
+quarterly JJ I-NP
+cash NN I-NP
+dividend NN I-NP
+to TO B-PP
+60 CD B-NP
+cents NNS I-NP
+a DT B-NP
+unit NN I-NP
+from IN B-PP
+55 NN B-NP
+cents NNS I-NP
+, , O
+payable JJ B-ADJP
+Nov. NNP B-NP
+14 CD I-NP
+to TO B-PP
+units NNS B-NP
+of IN B-PP
+record NN B-NP
+Oct. NNP B-NP
+31 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+is VBZ B-VP
+an DT B-NP
+independent JJ I-NP
+refined-petroleum-products JJ I-NP
+pipeline NN I-NP
+serving VBG B-VP
+six CD B-NP
+Western JJ I-NP
+states NNS I-NP
+. . O
+
+WASHINGTON NNP B-NP
+LIES VBZ B-VP
+LOW RB B-ADVP
+after IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+'s POS B-NP
+roller-coaster NN I-NP
+ride NN I-NP
+. . O
+
+Lawmakers NNS B-NP
+, , O
+haunted VBN B-VP
+by IN B-PP
+charges NNS B-NP
+that IN B-SBAR
+some DT B-NP
+of IN B-PP
+their PRP$ B-NP
+comments NNS I-NP
+contributed VBD B-VP
+to TO B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+, , O
+generally RB B-ADVP
+shy JJ B-VP
+away RB B-ADVP
+from IN B-PP
+calls VBZ B-NP
+for IN B-PP
+sweeping VBG B-NP
+new JJ I-NP
+legislation NN I-NP
+. . O
+
+But CC O
+a DT B-NP
+House NNP I-NP
+Energy NNP I-NP
+and CC I-NP
+Commerce NNP I-NP
+subcommittee NN I-NP
+will MD B-VP
+quiz VB I-VP
+SEC NNP B-NP
+Chairman NNP I-NP
+Breeden NNP I-NP
+Wednesday NNP I-NP
+, , O
+and CC O
+Treasury NNP B-NP
+Secretary NNP I-NP
+Brady NNP I-NP
+will MD B-VP
+go VB I-VP
+before IN B-PP
+the DT B-NP
+Senate NNP I-NP
+Banking NNP I-NP
+panel NN I-NP
+Thursday NNP B-NP
+. . O
+
+The DT B-NP
+market NN I-NP
+'s POS B-NP
+wild JJ I-NP
+week NN I-NP
+may MD B-VP
+speed VB I-VP
+along IN B-PRT
+the DT B-NP
+market-reform JJ I-NP
+legislation NN I-NP
+that WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+pending VBG B-ADJP
+for IN B-PP
+months NNS B-NP
+in IN B-PP
+the DT B-NP
+aftermath NN I-NP
+of IN B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+. . O
+
+It PRP B-NP
+may MD B-VP
+also RB I-VP
+expedite VB I-VP
+the DT B-NP
+SEC NNP I-NP
+'s POS B-NP
+modest JJ I-NP
+pending VBG I-NP
+changes NNS I-NP
+in IN B-PP
+junk-bond NN B-NP
+disclosure NN I-NP
+rules NNS I-NP
+and CC O
+intensify VB B-VP
+the DT B-NP
+Treasury NNP I-NP
+'s POS B-NP
+look NN I-NP
+at IN B-PP
+plans NNS B-NP
+for IN B-PP
+giving VBG B-VP
+new JJ B-NP
+tax NN I-NP
+breaks NNS I-NP
+on IN B-PP
+dividends NNS B-NP
+and CC O
+raising VBG B-VP
+taxes NNS B-NP
+on IN B-PP
+short-term JJ B-NP
+trades NNS I-NP
+by IN B-PP
+pension NN B-NP
+funds NNS I-NP
+. . O
+
+Brady NNP B-NP
+and CC I-NP
+Breeden NNP I-NP
+work NN B-VP
+well RB B-ADVP
+together RB B-ADVP
+on IN B-PP
+the DT B-NP
+plunge NN I-NP
+, , O
+despite IN B-PP
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+the DT B-NP
+Treasury NNP I-NP
+secretary NN I-NP
+opposed VBN B-VP
+Breeden NNP B-NP
+'s POS B-NP
+nomination NN I-NP
+to TO B-PP
+the DT B-NP
+SEC NNP I-NP
+post NN I-NP
+. . O
+
+BAKER NNP B-NP
+FALTERS NNP B-VP
+in IN B-PP
+the DT B-NP
+Mideast NNP I-NP
+amid IN B-PP
+Israeli JJ B-NP
+paralysis NN I-NP
+and CC O
+Palestinian JJ B-NP
+politics NNS I-NP
+. . O
+
+Despite IN B-PP
+seeing VBG B-VP
+his PRP$ B-NP
+plan NN I-NP
+for IN B-PP
+Israeli-Palestinian JJ B-NP
+elections NNS I-NP
+wither VBP B-VP
+, , O
+the DT B-NP
+cautious JJ I-NP
+secretary NN I-NP
+of IN B-PP
+state NN B-NP
+is VBZ B-VP
+so RB B-ADVP
+far RB I-ADVP
+unwilling JJ B-ADJP
+to TO B-VP
+cut VB I-VP
+U.S. NNP B-NP
+economic JJ I-NP
+or CC I-NP
+military JJ I-NP
+aid NN I-NP
+to TO B-VP
+force VB I-VP
+Israeli JJ B-NP
+cooperation NN I-NP
+. . O
+
+Baker NNP B-NP
+nonetheless RB B-ADVP
+remains VBZ B-VP
+furious JJ B-ADJP
+both DT O
+at IN B-PP
+Shamir NNP B-NP
+, , O
+for IN B-PP
+backing VBG B-VP
+down RB B-PRT
+on IN B-PP
+the DT B-NP
+elections NNS I-NP
+, , O
+and CC B-PP
+at IN B-PP
+Shamir NNP B-NP
+'s POS B-NP
+rival JJ I-NP
+, , O
+Peres NNP B-NP
+, , O
+for IN B-PP
+political JJ B-NP
+ineptitude NN I-NP
+in IN B-PP
+forcing VBG B-VP
+a DT B-NP
+premature JJ I-NP
+cabinet NN I-NP
+vote NN I-NP
+on IN B-PP
+Baker NNP B-NP
+'s POS B-NP
+plan NN I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+some DT B-NP
+U.S. NNP I-NP
+officials NNS I-NP
+fear VBP B-VP
+PLO NNP B-NP
+chief JJ I-NP
+Arafat NNP I-NP
+is VBZ B-VP
+getting VBG I-VP
+cold JJ B-NP
+feet NNS I-NP
+and CC O
+may MD B-VP
+back RB I-VP
+off IN B-PRT
+from IN B-PP
+his PRP$ B-NP
+recent JJ I-NP
+moderation NN I-NP
+and CC I-NP
+renunciation NN I-NP
+of IN B-PP
+terrorism NN B-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+under IN B-PP
+intense JJ B-NP
+fire NN I-NP
+from IN B-PP
+other JJ B-NP
+Palestinian JJ I-NP
+groups NNS I-NP
+; : O
+Syria NNP B-NP
+is VBZ B-VP
+pushing VBG I-VP
+Ahmad NNP B-NP
+Jibril NNP I-NP
+, , O
+whose WP$ B-NP
+terrorist JJ I-NP
+band NN I-NP
+is VBZ B-VP
+blamed VBN I-VP
+for IN B-PP
+the DT B-NP
+Pan NNP I-NP
+Am NNP I-NP
+103 CD I-NP
+bombing NN I-NP
+, , O
+as IN B-PP
+an DT B-NP
+alternative NN I-NP
+to TO B-PP
+Arafat NNP B-NP
+. . O
+
+DARMAN'S NNP B-NP
+MANEUVERS NNS I-NP
+on IN B-PP
+the DT B-NP
+budget NN I-NP
+and CC O
+capital NN B-NP
+gains NNS I-NP
+hurt VBN B-VP
+him PRP B-NP
+in IN B-PP
+Congress NNP B-NP
+. . O
+
+Republicans NNS O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+Democrats NNPS B-NP
+were VBD B-VP
+angered VBN I-VP
+by IN B-PP
+the DT B-NP
+budget NN I-NP
+director NN I-NP
+'s POS B-NP
+rejection NN I-NP
+of IN B-PP
+Speaker NNP B-NP
+Foley NNP I-NP
+'s POS B-NP
+effort NN I-NP
+to TO B-VP
+expedite VB I-VP
+a DT B-NP
+deficitcutting NN I-NP
+measure NN I-NP
+by IN B-PP
+stripping VBG B-VP
+it PRP B-NP
+of IN B-PP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+cut VB I-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+pet NN B-NP
+Democratic JJ I-NP
+projects NNS I-NP
+. . O
+
+Darman NNP B-NP
+now RB B-ADVP
+blames VBZ B-VP
+the DT B-NP
+clash NN I-NP
+on IN B-PP
+miscommunication NN B-NP
+, , O
+but CC O
+House NNP B-NP
+GOP NNP I-NP
+leader NN I-NP
+Michel NNP I-NP
+, , O
+who WP B-NP
+carried VBD B-VP
+the DT B-NP
+offer NN I-NP
+to TO B-PP
+him PRP B-NP
+, , O
+observes VBZ B-VP
+, , O
+`` `` O
+I PRP B-NP
+was VBD B-VP
+speaking VBG I-VP
+English NNP B-NP
+at IN B-PP
+the DT B-NP
+time NN I-NP
+, , O
+and CC O
+quite RB B-ADVP
+loud JJ I-ADVP
+so IN B-SBAR
+I PRP B-NP
+could MD B-VP
+be VB I-VP
+understood VBN I-VP
+. . O
+'' '' O
+
+Senate NNP B-NP
+GOP NNP I-NP
+leader NN I-NP
+Dole NNP I-NP
+ridicules VBZ B-VP
+the DT B-NP
+budget NN I-NP
+chief NN I-NP
+on IN B-PP
+the DT B-NP
+Senate NNP I-NP
+floor NN I-NP
+. . O
+
+Democratic JJ B-NP
+counterpart NN I-NP
+Mitchell NNP I-NP
+, , O
+asked VBD B-VP
+to TO B-VP
+interpret VB I-VP
+Darman NNP B-NP
+'s POS B-NP
+threat NN I-NP
+to TO B-VP
+make VB I-VP
+permanent JJ B-ADJP
+the DT B-NP
+across-the-board JJ I-NP
+Gramm-Rudman NNP I-NP
+cuts NNS I-NP
+that WDT B-NP
+took VBD B-VP
+effect NN B-NP
+this DT B-NP
+week NN I-NP
+, , O
+says VBZ B-VP
+, , O
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+even RB I-VP
+bother VB I-VP
+to TO I-VP
+interpret VB I-VP
+them PRP B-NP
+. . O
+'' '' O
+
+But CC O
+Darman NNP B-NP
+suggests VBZ B-VP
+such JJ B-NP
+tensions NNS I-NP
+will MD B-VP
+dissipate VB I-VP
+quickly RB B-ADVP
+. . O
+
+`` `` O
+If IN B-SBAR
+I PRP B-NP
+can MD B-VP
+show VB I-VP
+signs NNS B-NP
+of IN B-PP
+maturity NN B-NP
+, , O
+almost JJ B-NP
+anybody NN I-NP
+can MD B-VP
+, , O
+'' '' O
+he PRP B-NP
+jokes VBZ B-VP
+. . O
+
+HHS NNP B-NP
+OFFICIALS NNS I-NP
+expect VBP B-VP
+Secretary NNP B-NP
+Sullivan NNP I-NP
+to TO B-VP
+continue VB I-VP
+a DT B-NP
+ban NN I-NP
+on IN B-PP
+research NN B-NP
+using VBG B-VP
+fetal JJ B-NP
+tissue NN I-NP
+. . O
+
+Before IN B-SBAR
+he PRP B-NP
+was VBD B-VP
+confirmed VBN I-VP
+, , O
+Sullivan NNP B-NP
+said VBD B-VP
+he PRP B-NP
+had VBD B-VP
+`` `` O
+reservations NNS B-NP
+about IN B-PP
+any DT B-NP
+blanket NN I-NP
+prohibitions NNS I-NP
+on IN B-PP
+medical JJ B-NP
+research NN I-NP
+. . O
+'' '' O
+
+But CC O
+now RB B-ADVP
+, , O
+an DT B-NP
+official NN I-NP
+says VBZ B-VP
+, , O
+he PRP B-NP
+is VBZ B-VP
+`` `` O
+surrounded VBN B-VP
+by IN B-PP
+right-to-lifers NNS B-NP
+, , O
+'' '' O
+who WP B-NP
+contend VBP B-VP
+that IN B-SBAR
+any DT B-NP
+breakthroughs NNS I-NP
+in IN B-PP
+fetal-tissue JJ B-NP
+research NN I-NP
+could MD B-VP
+increase VB I-VP
+the DT B-NP
+demand NN I-NP
+for IN B-PP
+abortions NNS B-NP
+. . O
+
+COOPERATION NN B-NP
+WANES VBZ B-VP
+on IN B-PP
+weapons NNS B-NP
+development NN I-NP
+between IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+Europe NNP B-NP
+. . O
+
+Britain NNP B-NP
+, , I-NP
+France NNP I-NP
+and CC I-NP
+Italy NNP I-NP
+pull VB B-VP
+out IN B-PP
+of IN B-PP
+a DT B-NP
+proposal NN I-NP
+to TO B-VP
+build VB I-VP
+new JJ B-NP
+NATO NNP I-NP
+frigates NNS I-NP
+; : O
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+West NNP B-NP
+Germany NNP I-NP
+have VBP B-VP
+each DT B-NP
+withdrawn VBN B-VP
+from IN B-PP
+missile NN B-NP
+projects NNS I-NP
+. . O
+
+Defense NN B-NP
+experts NNS I-NP
+say VBP B-VP
+joint JJ B-NP
+projects NNS I-NP
+are VBP B-VP
+increasingly RB I-VP
+squeezed VBN I-VP
+by IN B-PP
+budget NN B-NP
+pressures NNS I-NP
+and CC O
+the DT B-NP
+desire NN I-NP
+to TO B-VP
+save VB I-VP
+domestic JJ B-NP
+jobs NNS I-NP
+; : O
+some DT B-NP
+also RB B-ADVP
+fear VBP B-VP
+rising VBG B-NP
+protectionism NN I-NP
+as IN B-SBAR
+European JJ B-NP
+unity NN I-NP
+nears NNS B-VP
+. . O
+
+BOTH DT B-NP
+SIDES NNS I-NP
+NOW RB I-NP
+: : O
+
+Virginia NNP B-NP
+GOP NNP I-NP
+lieutenant NN I-NP
+governor NN I-NP
+candidate NN I-NP
+Eddy NNP I-NP
+Dalton NNP I-NP
+tries VBZ B-VP
+to TO I-VP
+have VB I-VP
+it PRP B-NP
+both DT B-NP
+ways NNS I-NP
+on IN B-PP
+the DT B-NP
+abortion NN I-NP
+issue NN I-NP
+. . O
+
+Though IN B-SBAR
+she PRP B-NP
+opposes VBZ B-VP
+abortion NN B-NP
+in IN B-PP
+almost RB B-NP
+all DT I-NP
+cases NNS I-NP
+, , O
+she PRP B-NP
+airs VBZ B-VP
+a DT B-NP
+TV NN I-NP
+commercial JJ I-NP
+using VBG B-VP
+pro-choice JJ B-NP
+buzzwords NNS I-NP
+. . O
+
+`` `` O
+A DT B-NP
+woman NN I-NP
+ought MD B-VP
+to TO I-VP
+have VB I-VP
+a DT B-NP
+choice NN I-NP
+in IN B-PP
+cases NNS B-NP
+where WRB B-ADVP
+her PRP$ B-NP
+life NN I-NP
+or CC I-NP
+health NN I-NP
+are VBP B-VP
+in IN B-PP
+danger NN B-NP
+and CC B-PP
+in IN B-PP
+cases NNS B-NP
+of IN B-PP
+rape NN B-NP
+or CC I-NP
+incest NN I-NP
+, , O
+'' '' O
+she PRP B-NP
+proclaims VBZ B-VP
+. . O
+
+HOT JJ B-NP
+TOPIC NN I-NP
+: : O
+
+Interest NN B-NP
+in IN B-PP
+the DT B-NP
+abortion NN I-NP
+issue NN I-NP
+is VBZ B-VP
+so RB B-ADJP
+great JJ I-ADJP
+that IN B-SBAR
+the DT B-NP
+Hotline NNP I-NP
+, , O
+a DT B-NP
+daily NN I-NP
+, , I-NP
+computer-distributed JJ I-NP
+political JJ I-NP
+newsletter NN I-NP
+, , O
+comes VBZ B-VP
+up IN B-PRT
+with IN B-PP
+a DT B-NP
+spinoff NN I-NP
+product NN I-NP
+called VBD B-VP
+the DT B-NP
+Abortion NNP I-NP
+Report NNP I-NP
+dealing VBG B-VP
+solely RB B-ADVP
+with IN B-PP
+its PRP$ B-NP
+political JJ I-NP
+implications NNS I-NP
+. . O
+
+CONSERVATIVES NNS B-NP
+EXPECT VBP B-VP
+Bush NNP B-NP
+to TO B-VP
+solidify VB I-VP
+their PRP$ B-NP
+majority NN I-NP
+on IN B-PP
+a DT B-NP
+key JJ I-NP
+court NN I-NP
+. . O
+
+Bush NNP B-NP
+has VBZ B-VP
+three CD B-NP
+vacancies NNS I-NP
+to TO B-VP
+fill VB I-VP
+on IN B-PP
+the DT B-NP
+prestigious JJ I-NP
+D.C. NNP I-NP
+Circuit NNP I-NP
+Court NNP I-NP
+, , O
+which WDT B-NP
+handles VBZ B-VP
+many JJ B-NP
+important JJ I-NP
+regulatory JJ I-NP
+issues NNS I-NP
+and CC O
+is VBZ B-VP
+often RB I-VP
+considered VBN I-VP
+a DT B-NP
+warm-up NN I-NP
+for IN B-PP
+future NN B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+nominees NNS I-NP
+. . O
+
+Conservatives NNS B-NP
+now RB B-ADVP
+hold VBP B-VP
+only RB B-ADVP
+a DT B-NP
+5-4 JJ I-NP
+edge NN I-NP
+. . O
+
+One CD B-NP
+slot NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+go VB I-VP
+to TO B-PP
+EEOC NNP B-NP
+Chairman NNP I-NP
+Clarence NNP I-NP
+Thomas NNP I-NP
+, , O
+a DT B-NP
+black JJ I-NP
+conservative JJ I-NP
+; : O
+after IN B-PP
+mulling VBG B-VP
+a DT B-NP
+fight NN I-NP
+, , O
+liberals NNS B-NP
+now RB B-ADVP
+probably RB B-ADVP
+wo MD B-VP
+n't RB I-VP
+put VB I-VP
+up IN B-PRT
+a DT B-NP
+major JJ I-NP
+struggle NN I-NP
+against IN B-PP
+him PRP B-NP
+. . O
+
+Other JJ B-NP
+conservatives NNS I-NP
+thought VBD B-VP
+to TO I-VP
+be VB I-VP
+on IN B-PP
+the DT B-NP
+administration NN I-NP
+'s POS B-NP
+short JJ I-NP
+list NN I-NP
+include VBP B-VP
+Washington NNP B-NP
+lawyer NN I-NP
+Michael NNP I-NP
+Uhlmann NNP I-NP
+, , O
+who WP B-NP
+was VBD B-VP
+passed VBN I-VP
+over IN B-PRT
+for IN B-PP
+the DT B-NP
+No. NN I-NP
+2 CD I-NP
+job NN I-NP
+at IN B-PP
+the DT B-NP
+Justice NNP I-NP
+Department NNP I-NP
+, , O
+and CC O
+Marshall NNP B-NP
+Breger NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+a DT B-NP
+U.S. NNP I-NP
+agency NN I-NP
+on IN B-PP
+administration NN B-NP
+. . O
+
+The DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+would MD B-VP
+also RB I-VP
+like VB I-VP
+to TO I-VP
+nominate VB I-VP
+a DT B-NP
+woman NN I-NP
+; : O
+one CD B-NP
+possibility NN I-NP
+is VBZ B-VP
+former JJ B-NP
+Justice NNP I-NP
+Department NNP I-NP
+official NN I-NP
+Victoria NNP I-NP
+Toensing NNP I-NP
+. . O
+
+MINOR JJ B-NP
+MEMOS NNS I-NP
+: : O
+
+In IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+the DT B-NP
+failed VBN I-NP
+Panama NNP I-NP
+coup NN I-NP
+, , O
+a DT B-NP
+bumper NN I-NP
+sticker NN I-NP
+appears VBZ B-VP
+: : O
+`` `` O
+Ollie NNP B-NP
+Would MD B-VP
+Have VB I-VP
+Got VB I-VP
+Him PRP B-NP
+. . O
+'' '' O
+... : O
+
+Rep. NNP B-NP
+Garcia NNP I-NP
+, , O
+on IN B-PP
+trial NN B-NP
+for IN B-PP
+bribery NN B-NP
+and CC I-NP
+extortion NN I-NP
+, , O
+puts VBZ B-VP
+statements NNS B-NP
+in IN B-PP
+the DT B-NP
+Congressional NNP I-NP
+Record NNP I-NP
+attributing VBG B-VP
+missed VBN B-NP
+votes NNS I-NP
+to TO B-PP
+`` `` O
+scheduling NN B-NP
+conflicts NNS I-NP
+. . O
+'' '' O
+... : O
+
+A DT B-NP
+GOP NNP I-NP
+Senate NNP I-NP
+fund-raising NN I-NP
+letter NN I-NP
+from IN B-PP
+Sen. NNP B-NP
+Burns NNP I-NP
+of IN B-PP
+Montana NNP B-NP
+is VBZ B-VP
+made VBN I-VP
+to TO I-VP
+appear VB I-VP
+personally RB B-ADJP
+written VBN I-ADJP
+, , O
+and CC O
+its PRP$ B-NP
+opening NN I-NP
+line NN I-NP
+is VBZ B-VP
+, , O
+`` `` O
+Please VB B-INTJ
+excuse VB B-VP
+my PRP$ B-NP
+handwriting NN I-NP
+. . O
+'' '' O
+
+But CC O
+Burns NNP B-NP
+confesses VBZ B-VP
+in IN B-PP
+an DT B-NP
+interview NN I-NP
+: : O
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+not RB O
+my PRP$ B-NP
+handwriting NN I-NP
+. . O
+
+MC NNP B-NP
+SHIPPING NNP I-NP
+Inc. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+declared VBD B-VP
+an DT B-NP
+initial JJ I-NP
+quarterly NN I-NP
+of IN B-PP
+60 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+payable JJ B-ADJP
+Nov. NNP B-NP
+15 CD I-NP
+to TO B-PP
+shares NNS B-NP
+of IN B-PP
+record NN B-NP
+Oct. NNP B-NP
+30 CD I-NP
+. . O
+
+The DT B-NP
+announcement NN I-NP
+boosted VBD B-VP
+the DT B-NP
+charter-shipping JJ I-NP
+company NN I-NP
+'s POS B-NP
+shares NNS I-NP
+, , O
+which WDT B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+15.125 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+American NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+which WDT B-NP
+went VBD B-VP
+public JJ B-ADJP
+in IN B-PP
+May NNP B-NP
+, , O
+intends VBZ B-VP
+to TO I-VP
+pay VB I-VP
+dividends NNS B-NP
+from IN B-PP
+available JJ B-NP
+cash NN I-NP
+flow NN I-NP
+; : O
+the DT B-NP
+amount NN I-NP
+may MD B-VP
+vary VB I-VP
+from IN B-PP
+quarter NN B-NP
+to TO B-PP
+quarter NN B-NP
+. . O
+
+Ever RB B-PP
+since IN I-PP
+the DT O
+hotly RB O
+contested VBN O
+America NNP B-NP
+'s POS B-NP
+Cup NNP I-NP
+race NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+the DT B-NP
+famous JJ I-NP
+yachting NN I-NP
+match NN I-NP
+has VBZ B-VP
+run VBN I-VP
+into IN B-PP
+more RBR B-NP
+rough JJ I-NP
+sailing NN I-NP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+water NN I-NP
+than IN B-PP
+in IN B-PP
+it PRP B-NP
+. . O
+
+Now RB B-ADVP
+that IN B-SBAR
+a DT B-NP
+key JJ I-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+San NNP I-NP
+Diego NNP I-NP
+Yacht NNP I-NP
+Club NNP I-NP
+team NN I-NP
+is VBZ B-VP
+splitting VBG I-VP
+off IN B-PRT
+to TO B-VP
+form VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+team NN I-NP
+, , O
+even RB B-NP
+more JJR I-NP
+competition NN I-NP
+lies VBZ B-VP
+ahead RB B-ADVP
+. . O
+
+Peter NNP B-NP
+Isler NNP I-NP
+, , O
+the DT B-NP
+winning VBG I-NP
+navigator NN I-NP
+in IN B-PP
+the DT O
+past JJ O
+two CD O
+America NNP B-NP
+'s POS B-NP
+Cup NNP I-NP
+challenges NNS I-NP
+, , O
+has VBZ B-VP
+split NN I-VP
+from IN B-PP
+the DT B-NP
+team NN I-NP
+led VBN B-VP
+by IN B-PP
+Dennis NNP B-NP
+Conner NNP I-NP
+, , O
+skipper NN B-NP
+of IN B-PP
+the DT B-NP
+victorious JJ I-NP
+Stars NNP I-NP
+& CC I-NP
+Stripes NNP I-NP
+, , O
+to TO B-VP
+form VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+team NN I-NP
+for IN B-PP
+the DT B-NP
+next JJ I-NP
+contest NN I-NP
+in IN B-PP
+1992 CD B-NP
+. . O
+
+And CC O
+, , O
+in IN B-PP
+addition NN B-NP
+to TO B-PP
+a DT B-NP
+crack NN I-NP
+team NN I-NP
+of IN B-PP
+sailors NNS B-NP
+, , O
+Mr. NNP B-NP
+Isler NNP I-NP
+has VBZ B-VP
+lined VBN I-VP
+up IN B-PRT
+some DT B-NP
+real JJ I-NP
+brass NN I-NP
+to TO B-VP
+help VB I-VP
+him PRP B-NP
+finance VB B-VP
+the DT B-NP
+syndicate NN I-NP
+. . O
+
+Isler NNP B-NP
+Sailing NNP I-NP
+International NNP I-NP
+'s POS B-NP
+advisory JJ I-NP
+board NN I-NP
+includes VBZ B-VP
+Ted NNP B-NP
+Turner NNP I-NP
+, , O
+Turner NNP B-NP
+Broadcasting NNP I-NP
+chairman NN I-NP
+and CC O
+a DT B-NP
+former JJ I-NP
+Cup NNP I-NP
+victor NN I-NP
+; : O
+Peter NNP B-NP
+G. NNP I-NP
+Diamandis NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+Diamandis NNP B-NP
+Communications NNPS I-NP
+, , O
+and CC O
+Joseph NNP B-NP
+B. NNP I-NP
+Vittoria NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+of IN B-PP
+Avis NNP B-NP
+Inc NNP I-NP
+. . O
+
+His PRP$ B-NP
+steering NN I-NP
+committee NN I-NP
+includes VBZ B-VP
+other JJ B-NP
+notable JJ I-NP
+businessmen NNS I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+California NNP I-NP
+investor NN I-NP
+and CC I-NP
+old JJ I-NP
+salt NN I-NP
+Roy NNP I-NP
+E. NNP I-NP
+Disney NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+have VBP B-VP
+the DT B-NP
+structure NN I-NP
+, , I-NP
+people NNS I-NP
+and CC I-NP
+plan NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Isler NNP I-NP
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+statement NN I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+the DT B-NP
+first JJ I-NP
+order NN I-NP
+of IN B-PP
+business NN B-NP
+is VBZ B-VP
+raising VBG B-VP
+enough JJ B-NP
+money NN I-NP
+to TO B-VP
+keep VB I-VP
+his PRP$ B-NP
+team NN I-NP
+afloat RB B-ADJP
+-- : O
+a DT B-NP
+new JJ I-NP
+yacht NN I-NP
+will MD B-VP
+cost VB I-VP
+about RB B-NP
+$ $ I-NP
+3 CD I-NP
+million CD I-NP
+alone RB B-ADVP
+, , O
+and CC O
+sailing NN B-NP
+syndicate NN I-NP
+budgets NNS I-NP
+can MD B-VP
+easily RB I-VP
+run VB I-VP
+to TO B-PP
+$ $ B-NP
+25 CD I-NP
+million CD I-NP
+for IN B-PP
+a DT B-NP
+Cup NNP I-NP
+challenge NN I-NP
+. . O
+
+The DT B-NP
+split NN I-NP
+comes VBZ B-VP
+in IN B-PP
+the DT B-NP
+midst NN I-NP
+of IN B-PP
+a DT B-NP
+court NN I-NP
+battle NN I-NP
+over IN B-PP
+whether IN B-SBAR
+the DT B-NP
+San NNP I-NP
+Diego NNP I-NP
+Yacht NNP I-NP
+Club NNP I-NP
+should MD B-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+keep VB I-VP
+the DT B-NP
+international JJ I-NP
+trophy NN I-NP
+for IN B-PP
+sailing VBG B-VP
+a DT B-NP
+catamaran NN I-NP
+against IN B-PP
+the DT B-NP
+New NNP I-NP
+Zealand NNP I-NP
+challengers NNS I-NP
+' POS B-NP
+90-foot JJ I-NP
+monohull NN I-NP
+. . O
+
+In IN B-PP
+September NNP B-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York NNP I-NP
+appellate JJ B-NP
+court NN I-NP
+overturned VBD B-VP
+a DT B-NP
+state NN I-NP
+judge NN I-NP
+'s POS B-NP
+ruling NN I-NP
+that WDT B-NP
+awarded VBD B-VP
+the DT B-NP
+Cup NNP I-NP
+to TO B-PP
+the DT B-NP
+New NNP I-NP
+Zealand NNP I-NP
+team NN I-NP
+. . O
+
+Pending VBG B-PP
+an DT B-NP
+appeal NN I-NP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+Zealand NNP I-NP
+team NN I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+Michael NNP B-NP
+Fay NNP I-NP
+, , O
+the DT B-NP
+finals NNS I-NP
+for IN B-PP
+the DT B-NP
+next JJ I-NP
+Cup NNP I-NP
+challenge NN I-NP
+are VBP B-VP
+scheduled VBN I-VP
+to TO I-VP
+be VB I-VP
+held VBN I-VP
+in IN B-PP
+mid-1992 NN B-NP
+in IN B-PP
+San NNP B-NP
+Diego NNP I-NP
+. . O
+
+But CC O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+uncertainty NN I-NP
+of IN B-PP
+the DT B-NP
+outcome NN I-NP
+of IN B-PP
+the DT B-NP
+suit NN I-NP
+, , O
+Mr. NNP B-NP
+Conner NNP I-NP
+'s POS B-NP
+team NN I-NP
+has VBZ B-VP
+done VBN I-VP
+little JJ B-NP
+to TO B-VP
+begin VB I-VP
+gearing VBG I-VP
+up VB B-PRT
+to TO B-VP
+defend VB I-VP
+its PRP$ B-NP
+title NN I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+what WP B-NP
+the DT B-NP
+rules NNS I-NP
+of IN B-PP
+the DT B-NP
+game NN I-NP
+are VBP B-VP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+hard JJ B-ADJP
+to TO B-VP
+start VB I-VP
+your PRP$ B-NP
+fund-raising NN I-NP
+or CC I-NP
+design NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Dana NNP B-NP
+Smith NNP I-NP
+, , O
+an DT B-NP
+official NN I-NP
+with IN B-PP
+Team NNP B-NP
+Dennis NNP I-NP
+Conner NNP I-NP
+. . O
+
+The DT B-NP
+Conner NNP I-NP
+team NN I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+negotiate VB I-VP
+with IN B-PP
+corporate JJ B-NP
+sponsors NNS I-NP
+until IN B-SBAR
+the DT B-NP
+suit NN I-NP
+is VBZ B-VP
+resolved VBN I-VP
+and CC O
+the DT B-NP
+race NN I-NP
+site NN I-NP
+is VBZ B-VP
+determined VBN I-VP
+, , O
+Mr. NNP B-NP
+Smith NNP I-NP
+said VBD B-VP
+, , O
+and CC O
+the DT B-NP
+syndicate NN I-NP
+'s POS B-NP
+budget NN I-NP
+could MD B-VP
+easily RB I-VP
+reach VB I-VP
+$ $ B-NP
+30 CD I-NP
+million CD I-NP
+. . O
+
+But CC O
+spokesmen NNS B-NP
+for IN B-PP
+both DT B-NP
+Mr. NNP B-NP
+Isler NNP I-NP
+and CC O
+Mr. NNP B-NP
+Conner NNP I-NP
+say VBP B-VP
+the DT B-NP
+formation NN I-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+syndicate NN I-NP
+has VBZ B-VP
+to TO B-VP
+do VB I-VP
+with IN B-PP
+Mr. NNP B-NP
+Isler NNP I-NP
+'s POS B-NP
+desire NN I-NP
+to TO B-VP
+skipper VB I-VP
+his PRP$ B-NP
+own JJ I-NP
+team NN I-NP
+and CC O
+begin VB B-VP
+planning NN I-VP
+now RB B-ADVP
+, , O
+rather RB B-CONJP
+than IN I-CONJP
+any DT B-NP
+falling NN I-NP
+out IN O
+between IN B-PP
+the DT B-NP
+two CD I-NP
+sportsmen NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Smith NNP I-NP
+and CC O
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+the DT B-NP
+America NNP I-NP
+'s POS B-NP
+Cup NNP I-NP
+Organizing NNP I-NP
+Committee NNP I-NP
+insist VBP B-VP
+that IN B-SBAR
+the DT B-NP
+added VBN I-NP
+competition NN I-NP
+for IN B-PP
+the DT B-NP
+defender NN I-NP
+'s POS B-NP
+spot NN I-NP
+will MD B-VP
+only RB I-VP
+improve VB I-VP
+the DT B-NP
+race NN I-NP
+. . O
+
+Missouri NNP B-NP
+farmer NN I-NP
+Blake NNP I-NP
+Hurst NNP I-NP
+writing VBG B-VP
+in IN B-PP
+the DT B-NP
+fall NN I-NP
+issue NN I-NP
+of IN B-PP
+the DT B-NP
+Heritage NNP I-NP
+Foundation NNP I-NP
+'s POS B-NP
+Policy NNP I-NP
+Review NNP I-NP
+about IN B-PP
+the DT B-NP
+proposed VBN I-NP
+location NN I-NP
+of IN B-PP
+a DT B-NP
+hazardous-waste NN I-NP
+incinerator NN I-NP
+in IN B-PP
+his PRP$ B-NP
+county NN I-NP
+: : O
+
+Of IN B-PP
+course NN B-NP
+I PRP B-NP
+'d MD O
+rather RB B-ADVP
+have VB B-VP
+a DT B-NP
+computer NN I-NP
+software NN I-NP
+firm NN I-NP
+in IN B-PP
+my PRP$ B-NP
+backyard NN I-NP
+than IN B-PP
+a DT B-NP
+hazardous JJ I-NP
+waste NN I-NP
+incinerator NN I-NP
+. . O
+
+But CC O
+I PRP B-NP
+'d MD O
+also RB O
+rather RB B-ADVP
+live VB B-VP
+next JJ B-NP
+door NN I-NP
+to TO B-PP
+an DT B-NP
+incinerator NN I-NP
+than IN B-PP
+to TO B-PP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+hog NN I-NP
+farms NNS I-NP
+I PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+-LRB- ( I-VP
+and CC I-VP
+smelt VBD I-VP
+-RRB- ) O
+in IN B-PP
+these DT B-NP
+parts NNS I-NP
+. . O
+
+An DT B-NP
+incinerator NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+probably RB B-ADVP
+better JJR B-ADJP
+than IN B-PP
+having VBG B-VP
+nobody NN B-NP
+next JJ B-NP
+door NN I-NP
+-- : O
+on IN B-PP
+our PRP$ B-NP
+farm NN I-NP
+there EX B-NP
+are VBP B-VP
+four CD B-NP
+unoccupied JJ I-NP
+houses NNS I-NP
+. . O
+
+On IN B-PP
+my PRP$ B-NP
+four-mile JJ I-NP
+drive NN I-NP
+to TO B-PP
+farm VB B-NP
+headquarters NN I-NP
+each DT B-NP
+morning NN I-NP
+, , O
+I PRP B-NP
+drive VBP B-VP
+by IN B-PP
+another DT B-NP
+four CD I-NP
+empty JJ I-NP
+houses NNS I-NP
+. . O
+
+A DT B-NP
+community NN I-NP
+of IN B-PP
+abandoned VBN B-NP
+farmsteads NNS I-NP
+, , O
+failing VBG B-NP
+businesses NNS I-NP
+, , O
+and CC O
+crumbling VBG B-NP
+roads NNS I-NP
+and CC I-NP
+bridges NNS I-NP
+is VBZ B-VP
+hardly RB B-ADVP
+a DT B-NP
+desirable JJ I-NP
+one CD I-NP
+... : O
+. . O
+
+The DT B-NP
+loss NN I-NP
+of IN B-PP
+40 CD B-NP
+jobs NNS I-NP
+by IN B-PP
+a DT B-NP
+depressed JJ I-NP
+county NN I-NP
+in IN B-PP
+rural JJ B-NP
+Missouri NNP I-NP
+is VBZ B-VP
+hardly RB B-ADVP
+of IN B-PP
+national JJ B-NP
+importance NN I-NP
+except IN B-PP
+for IN B-PP
+this DT B-NP
+: : O
+If IN B-SBAR
+the DT B-NP
+most RBS I-NP
+environmentally RB I-NP
+safe JJ I-NP
+way NN I-NP
+of IN B-PP
+dealing VBG B-VP
+with IN B-PP
+a DT B-NP
+national JJ I-NP
+problem NN I-NP
+can MD B-VP
+not RB I-VP
+be VB I-VP
+built VBN I-VP
+in IN B-PP
+Atchinson NNP B-NP
+County NNP I-NP
+, , O
+what WP B-NP
+hope NN I-NP
+have VBP B-VP
+we PRP B-NP
+for IN B-PP
+dealing VBG B-VP
+with IN B-PP
+the DT B-NP
+wastes NNS I-NP
+our PRP$ B-NP
+economy NN I-NP
+produces VBZ B-VP
+? . O
+
+After IN B-PP
+all DT B-NP
+, , O
+farmers NNS B-NP
+here RB B-ADVP
+work VBP B-VP
+with IN B-PP
+`` `` B-NP
+hazardous JJ I-NP
+'' '' I-NP
+chemicals NNS I-NP
+every DT B-NP
+day NN I-NP
+, , O
+many NN B-NP
+of IN B-PP
+them PRP B-NP
+the DT B-NP
+same JJ I-NP
+chemicals NNS I-NP
+that WDT B-NP
+would MD B-VP
+have VB I-VP
+been VBN I-VP
+destroyed VBN I-VP
+in IN B-PP
+the DT B-NP
+incinerator NN I-NP
+. . O
+
+We PRP B-NP
+know VBP B-VP
+they PRP B-NP
+are VBP B-VP
+dangerous JJ B-ADJP
+, , O
+but CC O
+if IN B-SBAR
+handled VBN B-VP
+with IN B-PP
+care NN B-NP
+, , O
+their PRP$ B-NP
+benefits NNS I-NP
+far RB B-ADVP
+outweigh VBP B-VP
+any DT B-NP
+risk NN I-NP
+to TO B-PP
+the DT B-NP
+environment NN I-NP
+. . O
+
+Just RB B-SBAR
+because IN I-SBAR
+Stamford NNP B-NP
+, , I-NP
+Conn. NNP I-NP
+, , I-NP
+High NNP I-NP
+School NNP I-NP
+did VBD B-VP
+nothing NN B-NP
+when WRB B-ADVP
+its PRP$ B-NP
+valuable JJ I-NP
+1930s CD I-NP
+mural NN I-NP
+was VBD B-VP
+thrown VBN I-VP
+in IN B-PP
+the DT B-NP
+trash NN I-NP
+does VBZ B-VP
+n't RB I-VP
+mean VB I-VP
+the DT B-NP
+city NN I-NP
+no RB B-ADVP
+longer RB I-ADVP
+owns VBZ B-VP
+the DT B-NP
+work NN I-NP
+of IN B-PP
+art NN B-NP
+, , O
+a DT B-NP
+federal JJ I-NP
+judge NN I-NP
+ruled VBD B-VP
+. . O
+
+The DT B-NP
+mural NN I-NP
+, , O
+now RB B-VP
+valued VBN I-VP
+at IN B-PP
+$ $ B-NP
+1.3 CD I-NP
+million CD I-NP
+according VBG B-PP
+to TO B-PP
+appraisers NNS B-NP
+, , O
+was VBD B-VP
+tossed VBN I-VP
+in IN B-PP
+a DT B-NP
+trash NN I-NP
+heap NN I-NP
+in IN B-PP
+1971 CD B-NP
+by IN B-PP
+workers NNS B-NP
+who WP B-NP
+were VBD B-VP
+renovating VBG I-VP
+the DT B-NP
+building NN I-NP
+. . O
+
+The DT B-NP
+100-foot-long JJ I-NP
+mural NN I-NP
+, , O
+painted VBN B-VP
+by IN B-PP
+James NNP B-NP
+Daugherty NNP I-NP
+in IN B-PP
+1934 CD B-NP
+, , O
+was VBD B-VP
+commissioned VBN I-VP
+by IN B-PP
+the DT B-NP
+federal JJ I-NP
+Works NNP I-NP
+Project NNP I-NP
+Administration NNP I-NP
+. . O
+
+After IN B-SBAR
+the DT B-NP
+discarded VBN I-NP
+mural NN I-NP
+was VBD B-VP
+found VBN I-VP
+outside IN B-PP
+the DT B-NP
+school NN I-NP
+by IN B-PP
+a DT B-NP
+concerned VBN I-NP
+Stamford NNP I-NP
+graduate NN I-NP
+, , O
+it PRP B-NP
+eventually RB B-ADVP
+was VBD B-VP
+turned VBN I-VP
+over IN B-PRT
+to TO B-PP
+Hiram NNP B-NP
+Hoelzer NNP I-NP
+, , O
+a DT B-NP
+professional JJ I-NP
+art NN I-NP
+restorer NN I-NP
+. . O
+
+Throughout IN B-PP
+the DT B-NP
+1970s NNS I-NP
+, , O
+Stamford NNP B-NP
+school NN I-NP
+and CC I-NP
+city NN I-NP
+officials NNS I-NP
+made VBD B-VP
+no DT B-NP
+effort NN I-NP
+to TO B-VP
+locate VB I-VP
+the DT B-NP
+mural NN I-NP
+. . O
+
+Apparently RB B-ADVP
+the DT B-NP
+officials NNS I-NP
+did VBD B-VP
+n't RB I-VP
+even RB I-VP
+know VB I-VP
+the DT B-NP
+mural NN I-NP
+was VBD B-VP
+missing VBG I-VP
+until IN B-PP
+1980 CD B-NP
+, , O
+when WRB B-ADVP
+a DT B-NP
+researcher NN I-NP
+found VBD B-VP
+that IN B-SBAR
+the DT B-NP
+painting NN I-NP
+was VBD B-VP
+in IN B-PP
+Mr. NNP B-NP
+Hoelzer NNP I-NP
+'s POS B-NP
+studio NN I-NP
+and CC O
+questioned VBD B-VP
+school NN B-NP
+officials NNS I-NP
+about IN B-PP
+it PRP B-NP
+. . O
+
+In IN B-PP
+1986 CD B-NP
+, , O
+Stamford NNP B-NP
+officials NNS I-NP
+thanked VBD B-VP
+Mr. NNP B-NP
+Hoelzer NNP I-NP
+for IN B-PP
+taking VBG B-VP
+care NN B-NP
+of IN B-PP
+the DT B-NP
+mural NN I-NP
+-- : O
+and CC O
+demanded VBD B-VP
+he PRP B-NP
+return VBP B-VP
+it PRP B-NP
+as RB B-ADVP
+soon RB I-ADVP
+as IN B-PP
+possible JJ B-ADJP
+. . O
+
+Mr. NNP B-NP
+Hoelzer NNP I-NP
+, , O
+however RB B-ADVP
+, , O
+sued VBD B-VP
+Stamford NNP B-NP
+, , O
+claiming VBG B-VP
+that IN B-SBAR
+the DT B-NP
+city NN I-NP
+had VBD B-VP
+abandoned VBN I-VP
+the DT B-NP
+artwork NN I-NP
+and CC O
+that IN B-SBAR
+it PRP B-NP
+had VBD B-VP
+waited VBN I-VP
+too RB I-VP
+long JJ I-VP
+to TO I-VP
+reclaim VB I-VP
+it PRP B-NP
+. . O
+
+But CC O
+Judge NNP B-NP
+Louis NNP I-NP
+L. NNP I-NP
+Stanton NNP I-NP
+of IN B-PP
+federal JJ B-NP
+court NN I-NP
+in IN B-PP
+Manhattan NNP B-NP
+ruled VBD B-VP
+that IN B-SBAR
+the DT B-NP
+city NN I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+faulted VBN I-VP
+for IN B-PP
+waiting VBG B-VP
+too RB B-ADVP
+long RB I-ADVP
+because IN B-SBAR
+it PRP B-NP
+did VBD B-VP
+n't RB I-VP
+realize VB I-VP
+until IN B-PP
+1986 CD B-NP
+that IN O
+its PRP$ B-NP
+ownership NN I-NP
+of IN B-PP
+the DT B-NP
+painting NN I-NP
+was VBD B-VP
+in IN B-PP
+dispute NN B-NP
+. . O
+
+The DT B-NP
+judge NN I-NP
+also RB B-ADVP
+ruled VBD B-VP
+that IN B-SBAR
+the DT B-NP
+painting NN I-NP
+was VBD B-VP
+n't RB I-VP
+abandoned VBN I-VP
+because IN B-SBAR
+officials NNS B-NP
+did VBD B-VP
+n't RB I-VP
+intend VB I-VP
+for IN B-SBAR
+it PRP B-NP
+to TO B-VP
+be VB I-VP
+thrown VBN I-VP
+away RB B-PRT
+and CC O
+were VBD B-VP
+unaware JJ B-ADJP
+that IN B-SBAR
+the DT B-NP
+workmen NNS I-NP
+had VBD B-VP
+discarded VBN I-VP
+it PRP B-NP
+. . O
+
+Mr. NNP B-NP
+Hoelzer NNP I-NP
+did VBD B-VP
+n't RB I-VP
+return VB I-VP
+phone NN B-NP
+calls NNS I-NP
+seeking VBG B-VP
+comment VB B-NP
+on IN B-PP
+the DT B-NP
+judge NN I-NP
+'s POS B-NP
+decision NN I-NP
+. . O
+
+The DT B-NP
+judge NN I-NP
+ordered VBD B-VP
+that IN B-SBAR
+a DT B-NP
+hearing NN I-NP
+be VB B-VP
+held VBN I-VP
+Nov. NNP B-NP
+17 CD I-NP
+to TO B-VP
+determine VB I-VP
+how WRB B-NP
+much JJ I-NP
+the DT B-NP
+city NN I-NP
+should MD B-VP
+pay VB I-VP
+Mr. NNP B-NP
+Hoelzer NNP I-NP
+for IN B-PP
+his PRP$ B-NP
+services NNS I-NP
+. . O
+
+Mary NNP B-NP
+E. NNP I-NP
+Sommer NNP I-NP
+, , O
+corporate JJ B-NP
+counsel NN I-NP
+for IN B-PP
+Stamford NNP B-NP
+, , O
+said VBD B-VP
+the DT B-NP
+city NN I-NP
+has VBZ B-VP
+discussed VBN I-VP
+several JJ B-NP
+possible JJ I-NP
+plans NNS I-NP
+for IN B-PP
+displaying VBG B-VP
+the DT B-NP
+mural NN I-NP
+, , O
+which WDT B-NP
+portrays VBZ B-VP
+various JJ B-NP
+scenes NNS I-NP
+from IN B-PP
+the DT B-NP
+Great NNP I-NP
+Depression NNP I-NP
+. . O
+
+She PRP B-NP
+said VBD B-VP
+the DT B-NP
+mural NN I-NP
+`` `` O
+preserves VBZ B-VP
+an DT B-NP
+era NN I-NP
+in IN B-PP
+Stamford NNP B-NP
+and CC B-PP
+in IN B-PP
+our PRP$ B-NP
+country NN I-NP
+when WRB B-ADVP
+this DT B-NP
+type NN I-NP
+of IN B-PP
+work NN B-NP
+was VBD B-VP
+being VBG I-VP
+done VBN I-VP
+. . O
+
+The DT B-NP
+prices NNS I-NP
+of IN B-PP
+corn NN B-NP
+futures NNS I-NP
+contracts NNS I-NP
+jumped VBD B-VP
+amid IN B-PP
+rumors NNS B-NP
+that IN B-SBAR
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+is VBZ B-VP
+keeping VBG I-VP
+up IN B-PRT
+its PRP$ B-NP
+dizzying JJ I-NP
+October NNP I-NP
+buying VBG I-NP
+binge NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+corn NN I-NP
+. . O
+
+Those DT B-NP
+rumors NNS I-NP
+were VBD B-VP
+confirmed VBN I-VP
+after IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+trading NN B-NP
+yesterday NN B-NP
+when WRB B-ADVP
+the DT B-NP
+U.S. NNP I-NP
+Agriculture NNP I-NP
+Department NNP I-NP
+announced VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Soviets NNPS I-NP
+had VBD B-VP
+bought VBN I-VP
+1.2 CD B-NP
+million CD I-NP
+metric JJ I-NP
+tons NNS I-NP
+of IN B-PP
+U.S. NNP B-NP
+corn NN I-NP
+, , O
+bringing VBG B-VP
+their PRP$ B-NP
+U.S. NNP I-NP
+corn NN I-NP
+purchases NNS I-NP
+confirmed VBD B-VP
+so RB B-ADVP
+far RB I-ADVP
+this DT B-NP
+month NN I-NP
+to TO B-PP
+about IN B-NP
+five CD I-NP
+million CD I-NP
+metric JJ I-NP
+tons NNS I-NP
+. . O
+
+In IN B-PP
+trading NN B-NP
+at IN B-PP
+the DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+of IN B-PP
+Trade NNP B-NP
+, , O
+the DT B-NP
+corn NN I-NP
+contract NN I-NP
+for IN B-PP
+December NNP B-NP
+delivery NN I-NP
+jumped VBD B-VP
+5.75 CD B-NP
+cents NNS I-NP
+a DT B-NP
+bushel NN I-NP
+to TO B-VP
+settle VB I-VP
+at IN B-PP
+$ $ B-NP
+2.44 CD I-NP
+a DT B-NP
+bushel NN I-NP
+. . O
+
+The DT B-NP
+Soviet JJ I-NP
+purchases NNS I-NP
+are VBP B-VP
+close RB B-ADJP
+to TO B-PP
+exceeding VBG B-VP
+what WP B-NP
+some DT B-NP
+analysts NNS I-NP
+had VBD B-VP
+expected VBN I-VP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+to TO B-VP
+buy VB I-VP
+this DT B-NP
+fall NN I-NP
+, , O
+the DT B-NP
+season NN I-NP
+in IN B-PP
+which WDT B-NP
+it PRP B-NP
+usually RB B-ADVP
+buys VBZ B-VP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+corn NN I-NP
+it PRP B-NP
+imports VBZ B-VP
+from IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+That DT B-NP
+pace NN I-NP
+is VBZ B-VP
+causing VBG I-VP
+some DT B-NP
+analysts NNS I-NP
+to TO B-VP
+speculate VB I-VP
+that IN B-SBAR
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+might MD B-VP
+soon RB I-VP
+purchase VB I-VP
+as RB B-NP
+much JJ I-NP
+as IN B-PP
+another DT B-NP
+two CD I-NP
+million CD I-NP
+metric JJ I-NP
+tons NNS I-NP
+. . O
+
+One CD B-NP
+sign NN I-NP
+that IN B-SBAR
+more RBR B-NP
+Soviet JJ I-NP
+purchases NNS I-NP
+are VBP B-VP
+possible JJ B-ADJP
+is VBZ B-VP
+that IN O
+U.S. NNP B-NP
+grain NN I-NP
+companies NNS I-NP
+yesterday NN B-NP
+bought VBD B-VP
+an DT B-NP
+unusually RB I-NP
+large JJ I-NP
+amount NN I-NP
+of IN B-PP
+corn NN B-NP
+futures NNS I-NP
+contracts NNS I-NP
+. . O
+
+That DT B-NP
+sometimes RB B-ADVP
+signals VBZ B-VP
+that IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+laying VBG I-VP
+plans NNS B-NP
+to TO B-VP
+export VB I-VP
+corn NN B-NP
+. . O
+
+By IN B-PP
+some DT B-NP
+estimates NNS I-NP
+, , O
+several JJ B-NP
+grain NN I-NP
+companies NNS I-NP
+combined VBN B-VP
+bought VBD B-VP
+contracts NNS B-NP
+for IN B-PP
+the DT B-NP
+possession NN I-NP
+of IN B-PP
+roughly RB B-NP
+one CD I-NP
+million CD I-NP
+metric JJ I-NP
+tons NNS I-NP
+of IN B-PP
+corn NN B-NP
+. . O
+
+By IN B-PP
+buying VBG B-VP
+futures NNS B-NP
+contracts NNS I-NP
+, , O
+these DT B-NP
+companies NNS I-NP
+attempt VBP B-VP
+to TO I-VP
+protect VB I-VP
+themselves PRP B-NP
+from IN B-PP
+swings NNS B-NP
+in IN B-PP
+the DT B-NP
+price NN I-NP
+of IN B-PP
+the DT B-NP
+corn NN I-NP
+that IN B-NP
+they PRP B-NP
+are VBP B-VP
+obligated VBN I-VP
+to TO I-VP
+deliver VB I-VP
+. . O
+
+Rumors NNS B-NP
+of IN B-PP
+Soviet JJ B-NP
+interest NN I-NP
+also RB B-ADVP
+pushed VBD B-VP
+up IN B-ADVP
+the DT B-NP
+prices NNS I-NP
+of IN B-PP
+soybean NN B-NP
+futures NNS I-NP
+contracts NNS I-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+things NNS I-NP
+, , O
+the DT B-NP
+Agriculture NNP I-NP
+Department NNP I-NP
+is VBZ B-VP
+widely RB I-VP
+thought VBN I-VP
+to TO I-VP
+be VB I-VP
+mulling VBG I-VP
+whether IN B-SBAR
+to TO B-VP
+subsidize VB I-VP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+soybean NN B-NP
+oil NN I-NP
+to TO B-PP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+. . O
+
+On IN B-PP
+top NN B-NP
+of IN B-PP
+all PDT B-NP
+this DT I-NP
+, , O
+corn NN B-NP
+and CC I-NP
+soybean NN I-NP
+prices NNS I-NP
+rose VBD B-VP
+on IN B-PP
+reports NNS B-NP
+that IN B-SBAR
+the DT B-NP
+Midwest NNP I-NP
+harvest NN I-NP
+was VBD B-VP
+disrupted VBN I-VP
+by IN B-PP
+a DT B-NP
+freakishly RB I-NP
+early JJ I-NP
+snow NN I-NP
+storm NN I-NP
+that WDT B-NP
+dumped VBD B-VP
+several JJ B-NP
+inches NNS I-NP
+in IN B-PP
+parts NNS B-NP
+of IN B-PP
+Indiana NNP B-NP
+and CC I-NP
+Ohio NNP I-NP
+. . O
+
+The DT B-NP
+harvest NN I-NP
+delays NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+temporary JJ B-ADJP
+. . O
+
+Balmy JJ B-NP
+temperatures NNS I-NP
+are VBP B-VP
+forecast NN I-VP
+for IN B-PP
+next JJ B-NP
+week NN I-NP
+, , O
+said VBD B-VP
+Robert NNP B-NP
+Lekberg NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+Farmers NNP B-NP
+Grain NNP I-NP
+& CC I-NP
+Livestock NNP I-NP
+Corp. NNP I-NP
+, , O
+Chicago NNP B-NP
+. . O
+
+Many JJ B-NP
+farmers NNS I-NP
+used VBD B-VP
+the DT B-NP
+jump NN I-NP
+in IN B-PP
+prices NNS B-NP
+to TO B-VP
+sell VB I-VP
+their PRP$ B-NP
+recently RB I-NP
+harvested VBN I-NP
+crop NN I-NP
+to TO B-PP
+grain NN B-NP
+elevator NN I-NP
+companies NNS I-NP
+. . O
+
+The DT B-NP
+heavy JJ I-NP
+selling NN I-NP
+by IN B-PP
+farmers NNS B-NP
+helped VBD B-VP
+to TO I-VP
+damp VB I-VP
+the DT B-NP
+price NN I-NP
+rally NN I-NP
+. . O
+
+Wheat JJ B-NP
+futures NNS I-NP
+prices NNS I-NP
+rose VBD B-VP
+slightly RB B-ADVP
+. . O
+
+In IN B-PP
+other JJ B-NP
+commodity NN I-NP
+markets NNS I-NP
+yesterday NN I-NP
+: : O
+
+PRECIOUS JJ B-NP
+METALS NNS I-NP
+: : O
+
+Futures NNS B-NP
+prices NNS I-NP
+declined VBD B-VP
+. . O
+
+A DT B-NP
+number NN I-NP
+of IN B-PP
+developments NNS B-NP
+were VBD B-VP
+negatively RB I-VP
+interpreted VBN I-VP
+by IN B-PP
+traders NNS B-NP
+. . O
+
+December NNP B-NP
+delivery NN I-NP
+gold NN I-NP
+fell VBD B-VP
+$ $ B-NP
+1.80 CD I-NP
+an DT B-NP
+ounce NN I-NP
+to TO B-PP
+$ $ B-NP
+370.60 CD I-NP
+. . O
+
+December NNP B-NP
+silver NN I-NP
+eased VBD B-VP
+2.7 CD B-NP
+cents NNS I-NP
+an DT B-NP
+ounce NN I-NP
+to TO B-PP
+$ $ B-NP
+5.133 CD I-NP
+. . O
+
+January NNP B-NP
+platinum NN I-NP
+was VBD B-VP
+down RB B-ADVP
+$ $ B-NP
+3.60 CD I-NP
+an DT B-NP
+ounce NN I-NP
+at IN B-PP
+$ $ B-NP
+491.10 CD I-NP
+. . O
+
+One CD B-NP
+price-depressing JJ I-NP
+development NN I-NP
+was VBD B-VP
+the DT B-NP
+lower-than-expected JJ I-NP
+increase NN I-NP
+of IN B-PP
+only RB B-NP
+0.2 CD I-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+for IN B-PP
+September NNP B-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+noted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+`` `` I-NP
+core NN I-NP
+inflation NN I-NP
+rate NN I-NP
+, , O
+'' '' O
+which WDT B-NP
+excludes VBZ B-VP
+food NN B-NP
+and CC I-NP
+energy NN I-NP
+, , O
+was VBD B-VP
+also RB B-ADVP
+low JJ B-ADJP
+at IN B-PP
+0.2 CD B-NP
+% NN I-NP
+. . O
+
+Other JJ B-NP
+news NN I-NP
+that WDT B-NP
+weighed VBD B-VP
+on IN B-PP
+the DT B-NP
+market NN I-NP
+: : O
+Initial JJ B-NP
+unemployment NN I-NP
+claims NNS I-NP
+rose VBD B-VP
+by IN B-PP
+62,000 CD B-NP
+last JJ B-NP
+week NN I-NP
+; : O
+American NNP B-NP
+Telephone NNP I-NP
+& CC I-NP
+Telegraph NNP I-NP
+Co. NNP I-NP
+will MD B-VP
+reduce VB I-VP
+its PRP$ B-NP
+managerial JJ I-NP
+staff NN I-NP
+by IN B-PP
+15,000 CD B-NP
+through IN B-PP
+attrition NN B-NP
+; : O
+the DT B-NP
+oil NN I-NP
+market NN I-NP
+turned VBD B-VP
+weaker JJR B-ADJP
+; : O
+there EX B-NP
+was VBD B-VP
+n't RB O
+any DT B-NP
+investor NN I-NP
+demand NN I-NP
+for IN B-PP
+bullion NN B-NP
+; : O
+and CC O
+the DT B-NP
+dollar NN I-NP
+strengthened VBN B-VP
+during IN B-PP
+the DT B-NP
+day NN I-NP
+, , O
+putting VBG B-VP
+pressure NN B-NP
+on IN B-PP
+gold NN B-NP
+. . O
+
+Also RB B-ADVP
+, , O
+the DT B-NP
+analyst NN I-NP
+said VBD B-VP
+, , O
+economic JJ B-NP
+circumstances NNS I-NP
+are VBP B-VP
+such JJ B-ADJP
+that IN B-SBAR
+both DT B-NP
+South NNP B-NP
+Africa NNP I-NP
+and CC O
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+, , O
+the DT B-NP
+principal JJ I-NP
+gold NN I-NP
+and CC I-NP
+platinum NN I-NP
+producers NNS I-NP
+, , O
+are VBP B-VP
+being VBG I-VP
+forced VBN I-VP
+to TO I-VP
+continue VB I-VP
+selling VBG I-VP
+the DT B-NP
+metals NNS I-NP
+. . O
+
+Both DT B-NP
+are VBP B-VP
+in IN B-PP
+great JJ B-NP
+need NN I-NP
+of IN B-PP
+foreign JJ B-NP
+exchange NN I-NP
+, , O
+and CC O
+South NNP B-NP
+Africa NNP I-NP
+is VBZ B-VP
+also RB B-ADVP
+under IN B-PP
+pressure NN B-NP
+to TO B-VP
+meet VB I-VP
+foreign JJ B-NP
+loan NN I-NP
+commitments NNS I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Putting VBG B-VP
+it PRP B-NP
+all DT B-NP
+together RB B-ADVP
+, , O
+we PRP B-NP
+have VBP B-VP
+a DT B-NP
+negative JJ I-NP
+scenario NN I-NP
+that WDT B-NP
+does VBZ B-VP
+n't RB I-VP
+look VB I-VP
+like IN B-SBAR
+it PRP B-NP
+will MD B-VP
+improve VB I-VP
+overnight JJ B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+COPPER NN B-NP
+: : O
+
+Futures NNS B-NP
+prices NNS I-NP
+recovered VBD B-VP
+in IN B-PP
+quiet JJ B-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+December NNP I-NP
+contract NN I-NP
+rose VBD B-VP
+1.50 CD B-NP
+cents NNS I-NP
+a DT B-NP
+pound NN I-NP
+to TO B-PP
+$ $ B-NP
+1.2795 CD I-NP
+. . O
+
+That DT B-NP
+contract NN I-NP
+fell VBD B-VP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+5.75 CD B-NP
+cents NNS I-NP
+during IN B-PP
+the DT B-NP
+first JJ I-NP
+three CD I-NP
+days NNS I-NP
+of IN B-PP
+this DT B-NP
+week NN I-NP
+, , O
+mostly RB B-ADVP
+in IN B-PP
+reaction NN B-NP
+to TO B-PP
+last VB B-NP
+Friday NNP I-NP
+'s POS B-NP
+stock NN I-NP
+market NN I-NP
+plunge NN I-NP
+, , O
+which WDT B-NP
+prompted VBD B-VP
+concern NN B-NP
+that IN B-SBAR
+it PRP B-NP
+might MD B-VP
+signal VB I-VP
+a DT B-NP
+similar JJ I-NP
+sharp JJ I-NP
+slowing NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+economy NN I-NP
+and CC O
+thus RB B-ADVP
+reduced VBN B-VP
+demand NN B-NP
+for IN B-PP
+copper NN B-NP
+, , O
+a DT B-NP
+leading VBG I-NP
+industrial JJ I-NP
+metal NN I-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+days NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+there EX B-NP
+has VBZ B-VP
+been VBN I-VP
+increased VBN B-NP
+purchasing VBG I-NP
+of IN B-PP
+copper NN B-NP
+in IN B-PP
+London NNP B-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+said VBD B-VP
+. . O
+
+Some DT B-NP
+of IN B-PP
+this DT B-NP
+buying VBG I-NP
+was VBD B-VP
+by IN B-PP
+Japan NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+had VBN I-VP
+its PRP$ B-NP
+supplies NNS I-NP
+sharply RB B-ADVP
+reduced VBN B-VP
+by IN B-PP
+long JJ B-NP
+production NN I-NP
+stoppages NNS I-NP
+at IN B-PP
+the DT B-NP
+Bougainville NNP I-NP
+mine NN I-NP
+in IN B-PP
+Papua NNP B-NP
+New NNP I-NP
+Guinea NNP I-NP
+, , O
+Highland NNP B-NP
+Valley NNP I-NP
+mine NN I-NP
+in IN B-PP
+British NNP B-NP
+Columbia NNP I-NP
+, , O
+and CC O
+the DT B-NP
+Cananea NNP I-NP
+mine NN I-NP
+in IN B-PP
+Mexico NNP B-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+major JJ B-NP
+shippers NNS I-NP
+to TO B-PP
+Japan NNP B-NP
+. . O
+
+The DT B-NP
+increasing VBG I-NP
+likelihood NN I-NP
+that IN B-SBAR
+Cananea NNP B-NP
+and CC O
+Highland NNP B-NP
+Valley NNP I-NP
+will MD B-VP
+soon RB I-VP
+return VB I-VP
+to TO B-PP
+production NN B-NP
+may MD B-VP
+have VB I-VP
+cut VBN I-VP
+some DT B-NP
+of IN B-PP
+that DT B-NP
+purchasing NN I-NP
+, , O
+but CC O
+even RB B-SBAR
+if IN I-SBAR
+any DT B-NP
+of IN B-PP
+these DT B-NP
+mines NNS I-NP
+begin VBP B-VP
+operating VBG I-VP
+soon RB B-ADVP
+, , O
+their PRP$ B-NP
+output NN I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+significant JJ B-ADJP
+until IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+analysts NNS B-NP
+note VBP B-VP
+. . O
+
+So RB B-ADVP
+, , O
+one CD B-NP
+analyst NN I-NP
+said VBD B-VP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+the DT B-NP
+long-term JJ I-NP
+production NN I-NP
+problems NNS I-NP
+may MD B-VP
+be VB I-VP
+easing VBG I-VP
+, , O
+there EX B-NP
+will MD B-VP
+still RB I-VP
+be VB I-VP
+a DT B-NP
+significant JJ I-NP
+need NN I-NP
+for IN B-PP
+copper NN B-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+three CD I-NP
+months NNS I-NP
+, , O
+when WRB B-ADVP
+inventories NNS B-NP
+will MD B-VP
+remain VB I-VP
+relatively RB B-ADJP
+low JJ I-ADJP
+. . O
+
+ENERGY NN B-NP
+: : O
+
+Crude JJ B-NP
+oil NN I-NP
+prices NNS I-NP
+ended VBD B-VP
+mixed VBN B-ADJP
+. . O
+
+West NNP B-NP
+Texas NNP I-NP
+Intermediate NNP I-NP
+for IN B-PP
+November NNP B-NP
+delivery NN I-NP
+fell VBD B-VP
+14 CD B-NP
+cents NNS I-NP
+a DT B-NP
+barrel NN I-NP
+to TO B-PP
+$ $ B-NP
+20.42 CD I-NP
+. . O
+
+But CC O
+so-called JJ B-NP
+outer JJ I-NP
+month NN I-NP
+contracts NNS I-NP
+finished VBD B-VP
+higher JJR B-ADVP
+. . O
+
+For IN B-PP
+instance NN B-NP
+, , O
+December NNP B-NP
+contracts NNS I-NP
+for IN B-PP
+WTI NNP B-NP
+rose VBD B-VP
+17 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+20.42 CD I-NP
+. . O
+
+Most JJS B-NP
+energy NN I-NP
+futures NNS I-NP
+opened VBD B-VP
+lower JJR B-ADVP
+, , O
+following VBG B-PP
+Wednesday NNP B-NP
+'s POS B-NP
+market NN I-NP
+downturn NN I-NP
+. . O
+
+But CC O
+a DT B-NP
+flurry NN I-NP
+of IN B-PP
+late JJ B-NP
+trading NN I-NP
+yesterday NN B-NP
+beefed VBN B-VP
+up IN B-PRT
+prices NNS B-NP
+. . O
+
+Heating NN B-NP
+oil NN I-NP
+and CC I-NP
+gasoline NN I-NP
+futures NNS I-NP
+ended VBD B-VP
+higher JJR B-ADVP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+Melvin NNP B-NP
+Belli NNP I-NP
+'s POS B-NP
+San NNP I-NP
+Francisco NNP I-NP
+law NN I-NP
+offices NNS I-NP
+may MD B-VP
+have VB I-VP
+been VBN I-VP
+the DT B-NP
+epicenter NN I-NP
+of IN B-PP
+legal JJ B-NP
+activity NN I-NP
+after IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+first JJ I-NP
+25 CD I-NP
+minutes NNS I-NP
+after IN B-SBAR
+his PRP$ B-NP
+office NN I-NP
+'s POS B-NP
+telephone NN I-NP
+service NN I-NP
+was VBD B-VP
+restored VBN I-VP
+yesterday NN B-NP
+morning NN I-NP
+, , O
+17 CD B-NP
+potential JJ I-NP
+clients NNS I-NP
+had VBD B-VP
+called VBN I-VP
+seeking VBG B-VP
+the DT B-NP
+services NNS I-NP
+of IN B-PP
+the DT B-NP
+self-proclaimed JJ I-NP
+King NNP I-NP
+of IN B-PP
+Torts NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Belli NNP I-NP
+, , O
+like IN B-PP
+many JJ B-NP
+other JJ I-NP
+personal-injury JJ I-NP
+lawyers NNS I-NP
+, , O
+suspects VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+earthquake NN I-NP
+, , O
+which WDT B-NP
+measured VBD B-VP
+6.9 CD B-NP
+on IN B-PP
+the DT B-NP
+Richter NNP I-NP
+scale NN I-NP
+, , O
+will MD B-VP
+generate VB I-VP
+enough JJ B-NP
+lawsuits NNS I-NP
+to TO B-VP
+keep VB I-VP
+this DT B-NP
+city NN I-NP
+'s POS B-NP
+personal-injury NN B-UCP
+and CC I-UCP
+construction NN I-UCP
+lawyers NNS B-NP
+busy JJ B-ADJP
+for IN B-PP
+quite RB B-NP
+some DT I-NP
+time NN I-NP
+. . O
+
+Suits NNS B-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+filed VBN I-VP
+against IN B-PP
+engineering NN B-NP
+firms NNS I-NP
+, , O
+contractors NNS B-NP
+and CC O
+developers NNS B-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+against IN B-PP
+local-government JJ B-NP
+agencies NNS I-NP
+. . O
+
+But CC O
+lawyers NNS B-NP
+looking VBG B-VP
+to TO B-VP
+cash VB I-VP
+in IN B-PRT
+on IN B-PP
+the DT B-NP
+quake NN I-NP
+may MD B-VP
+have VB I-VP
+a DT B-NP
+tough JJ I-NP
+time NN I-NP
+once RB B-SBAR
+their PRP$ B-NP
+cases NNS I-NP
+reach VBP B-VP
+a DT B-NP
+judge NN I-NP
+. . O
+
+Experts NNS B-NP
+on IN B-PP
+California NNP B-NP
+tort NN I-NP
+law NN I-NP
+say VBP B-VP
+protections NNS B-NP
+afforded VBD B-VP
+government NN B-NP
+agencies NNS I-NP
+in IN B-PP
+such JJ B-NP
+cases NNS I-NP
+are VBP B-VP
+pretty RB B-ADJP
+ironclad JJ I-ADJP
+. . O
+
+Even RB B-NP
+claims VBZ I-NP
+against IN B-PP
+individuals NNS B-NP
+and CC I-NP
+companies NNS I-NP
+face VBP B-VP
+significant JJ B-NP
+roadblocks NNS I-NP
+. . O
+
+The DT B-NP
+major JJ I-NP
+legal JJ I-NP
+barrier NN I-NP
+is VBZ B-VP
+the DT B-NP
+principle NN I-NP
+that IN B-SBAR
+no DT B-NP
+one PRP I-NP
+can MD B-VP
+be VB I-VP
+held VBN I-VP
+liable JJ B-ADJP
+for IN B-PP
+an DT B-NP
+`` `` I-NP
+act NN I-NP
+of IN B-PP
+God NNP B-NP
+. . O
+'' '' O
+
+For IN B-PP
+now RB B-ADVP
+, , O
+says VBZ B-VP
+Laurence NNP B-NP
+Drivon NNP I-NP
+, , O
+president-elect NN B-NP
+of IN B-PP
+the DT B-NP
+6,000-member NNP I-NP
+California NNP I-NP
+Trial NNP I-NP
+Lawyers NNP I-NP
+Association NNP I-NP
+, , O
+`` `` O
+the DT B-NP
+last JJ I-NP
+thing NN I-NP
+we PRP B-NP
+really RB B-ADVP
+need VBP B-VP
+to TO I-VP
+worry VB I-VP
+about IN B-PP
+is VBZ B-VP
+whether IN B-SBAR
+anybody NN B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+get VB I-VP
+sued VBD I-VP
+, , O
+or CC O
+whether IN B-SBAR
+they PRP B-NP
+have VBP B-VP
+liability NN B-NP
+or CC O
+not RB O
+. . O
+
+We PRP B-NP
+still RB B-ADVP
+have VBP B-VP
+people NNS B-NP
+wandering VBG B-VP
+around IN B-ADVP
+in IN B-PP
+a DT B-NP
+daze NN I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+worrying VBG B-VP
+about IN B-PP
+whether IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+rain VB I-VP
+tonight RB B-NP
+. . O
+'' '' O
+
+But CC O
+that DT B-NP
+wo MD B-VP
+n't RB I-VP
+stop VB I-VP
+plaintiffs NNS B-NP
+' POS B-NP
+lawyers NNS I-NP
+from IN B-PP
+seeking VBG B-VP
+a DT B-NP
+little JJ I-NP
+room NN I-NP
+for IN B-PP
+maneuvering NN B-NP
+. . O
+
+In IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+they PRP B-NP
+argue VBP B-VP
+, , O
+an DT B-NP
+earthquake NN I-NP
+was VBD B-VP
+a DT B-NP
+near JJ I-NP
+certainty NN I-NP
+. . O
+
+Therefore RB B-ADVP
+, , O
+engineering NN B-NP
+firms NNS I-NP
+, , I-NP
+construction NN I-NP
+contractors NNS I-NP
+and CC I-NP
+developers NNS I-NP
+can MD B-VP
+be VB I-VP
+sued VBN I-VP
+for IN B-PP
+not RB O
+keeping VBG B-VP
+structures NNS B-NP
+up IN B-ADVP
+to TO B-PP
+standard JJ B-NP
+, , O
+and CC O
+government NN B-NP
+agencies NNS I-NP
+can MD B-VP
+be VB I-VP
+held VBN I-VP
+accountable JJ B-ADJP
+for IN B-PP
+failing VBG B-VP
+to TO I-VP
+properly RB I-VP
+protect VB I-VP
+citizens NNS B-NP
+from IN B-PP
+such JJ B-NP
+a DT I-NP
+foreseeable JJ I-NP
+disaster NN I-NP
+, , O
+if IN B-SBAR
+negligence NN B-NP
+can MD B-VP
+be VB I-VP
+proven VBN I-VP
+. . O
+
+`` `` O
+My PRP$ B-NP
+prediction NN I-NP
+is VBZ B-VP
+there EX B-NP
+will MD B-VP
+be VB I-VP
+mass NN B-NP
+litigation NN I-NP
+over IN B-PP
+errors NNS B-NP
+and CC I-NP
+omissions NNS I-NP
+in IN B-PP
+engineering NN B-NP
+and CC I-NP
+contracting NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Stanley NNP B-NP
+Chesley NNP I-NP
+, , O
+a DT B-NP
+well-known JJ I-NP
+Cincinnati NNP I-NP
+plaintiffs NNS I-NP
+lawyer NN I-NP
+. . O
+
+From IN B-PP
+what WP B-NP
+he PRP B-NP
+saw VBD B-VP
+on IN B-PP
+television NN B-NP
+, , O
+Mr. NNP B-NP
+Chesley NNP I-NP
+points VBZ B-VP
+out RP B-PRT
+that IN B-SBAR
+Interstate NNP B-NP
+880 CD I-NP
+, , O
+which WDT B-NP
+collapsed VBD B-VP
+and CC O
+killed VBN B-VP
+more JJR B-NP
+than IN I-NP
+200 CD I-NP
+commuters NNS I-NP
+, , O
+suffered VBD B-VP
+serious JJ B-NP
+damage NN I-NP
+while IN B-SBAR
+surrounding VBG B-NP
+buildings NNS I-NP
+appeared VBD B-VP
+to TO I-VP
+sustain VB I-VP
+no DT B-NP
+damage NN I-NP
+whatsoever RB I-NP
+. . O
+
+He PRP B-NP
+adds VBZ B-VP
+that IN B-SBAR
+`` `` O
+they PRP B-NP
+were VBD B-VP
+aware JJ B-ADJP
+of IN B-PP
+the DT B-NP
+propensity NN I-NP
+for IN B-PP
+earthquakes NNS B-NP
+and CC O
+the DT B-NP
+San NNP I-NP
+Andreas NNP I-NP
+Fault NNP I-NP
+. . O
+'' '' O
+
+The DT B-NP
+flamboyant JJ I-NP
+and CC I-NP
+publicity-conscious JJ I-NP
+Mr. NNP I-NP
+Belli NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+already RB B-ADVP
+has VBZ B-VP
+investigators NNS B-NP
+looking VBG B-VP
+into IN B-PP
+who WP B-NP
+could MD B-VP
+be VB I-VP
+held VBN I-VP
+liable JJ B-ADJP
+for IN B-PP
+the DT B-NP
+damage NN I-NP
+on IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+and CC O
+the DT B-NP
+interstate JJ I-NP
+approaching VBG B-VP
+it PRP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+wo MD B-VP
+n't RB I-VP
+know VB I-VP
+until IN B-SBAR
+the DT B-NP
+smoke NN I-NP
+clears VBZ B-VP
+-- : O
+but CC O
+yes UH B-INTJ
+, , O
+we PRP B-NP
+'re VBP B-VP
+looking VBG I-VP
+into IN B-PP
+it PRP B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Mr. NNP B-NP
+Belli NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+wants VBZ B-VP
+to TO I-VP
+know VB I-VP
+whether IN B-SBAR
+state NN B-NP
+or CC I-NP
+federal JJ I-NP
+engineers NNS I-NP
+or CC O
+private JJ B-NP
+companies NNS I-NP
+could MD B-VP
+have VB I-VP
+prevented VBN I-VP
+the DT B-NP
+damage NN I-NP
+. . O
+
+Mr. NNP B-NP
+Belli NNP I-NP
+, , O
+who WP B-NP
+was VBD B-VP
+at IN B-PP
+Candlestick NNP B-NP
+Park NNP I-NP
+for IN B-PP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+Tuesday NNP B-NP
+night NN I-NP
+, , O
+says VBZ B-VP
+he PRP B-NP
+has VBZ B-VP
+hired VBN I-VP
+civil JJ B-NP
+engineers NNS I-NP
+to TO B-VP
+check VB I-VP
+out IN B-PRT
+his PRP$ B-NP
+own JJ I-NP
+mildly RB I-NP
+damaged VBN I-NP
+building NN I-NP
+and CC O
+to TO B-VP
+investigate VB I-VP
+the DT B-NP
+bridge NN I-NP
+collapse NN I-NP
+. . O
+
+Defense NN B-NP
+lawyers NNS I-NP
+, , O
+perhaps RB B-ADVP
+understandably RB I-ADVP
+, , O
+say VBP B-VP
+that IN B-SBAR
+plaintiffs NNS B-NP
+' POS B-NP
+lawyers NNS I-NP
+taking VBG B-VP
+such JJ B-NP
+an DT I-NP
+approach NN I-NP
+will MD B-VP
+have VB I-VP
+little JJ B-NP
+success NN I-NP
+in IN B-PP
+pursuing VBG B-VP
+their PRP$ B-NP
+claims NNS I-NP
+, , O
+though IN B-SBAR
+they PRP B-NP
+add VBP B-VP
+that IN B-SBAR
+the DT B-NP
+facts NNS I-NP
+of IN B-PP
+each DT B-NP
+case NN I-NP
+must MD B-VP
+be VB I-VP
+looked VBN I-VP
+at IN B-PP
+individually RB B-ADVP
+. . O
+
+`` `` O
+A DT B-NP
+lot NN I-NP
+of IN B-PP
+this DT B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+code-related JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Ignazio NNP B-NP
+J. NNP I-NP
+Ruvolo NNP I-NP
+, , O
+a DT B-NP
+construction NN I-NP
+law NN I-NP
+specialist NN I-NP
+at IN B-PP
+Bronson NNP B-NP
+, , I-NP
+Bronson NNP I-NP
+& CC I-NP
+McKinnon NNP I-NP
+, , O
+a DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+law NN I-NP
+firm NN I-NP
+. . O
+
+Plaintiffs NNS B-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+will MD B-VP
+argue VB I-VP
+that WDT B-SBAR
+damaged VBD B-NP
+structures NNS I-NP
+were VBD B-VP
+n't RB I-VP
+built VBN I-VP
+to TO B-PP
+proper JJ B-NP
+design NN I-NP
+standards NNS I-NP
+. . O
+
+But CC O
+if IN B-SBAR
+defendants NNS B-NP
+can MD B-VP
+prove VB I-VP
+that IN B-SBAR
+they PRP B-NP
+met VBD B-VP
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+stringent JJ I-NP
+building NN I-NP
+codes NNS I-NP
+, , O
+`` `` O
+that DT B-NP
+'s VBZ B-VP
+probably RB I-VP
+going VBG I-VP
+to TO I-VP
+protect VB I-VP
+them PRP B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Ruvolo NNP I-NP
+says VBZ B-VP
+. . O
+
+Government NN B-NP
+entities NNS I-NP
+, , O
+continues VBZ B-VP
+Mr. NNP B-NP
+Ruvolo NNP I-NP
+, , O
+could MD B-VP
+be VB I-VP
+protected VBN I-VP
+by IN B-PP
+the DT B-NP
+California NNP I-NP
+Government NNP I-NP
+Tort NNP I-NP
+Liability NNP I-NP
+Act NNP I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+statute NN I-NP
+, , O
+agencies NNS B-NP
+are VBP B-VP
+provided VBN I-VP
+`` `` O
+defenses NNS B-NP
+that IN B-NP
+normally RB B-ADVP
+are VBP B-VP
+n't RB O
+available JJ B-ADJP
+in IN B-PP
+the DT B-NP
+private JJ I-NP
+sector NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Ruvolo NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+The DT B-NP
+legislature NN I-NP
+does VBZ B-VP
+not RB I-VP
+want VB I-VP
+to TO I-VP
+inhibit VB I-VP
+the DT B-NP
+unique JJ I-NP
+government NN I-NP
+activities NNS I-NP
+by IN B-PP
+exposing VBG B-VP
+public JJ B-NP
+entities NNS I-NP
+to TO B-PP
+liability NN B-NP
+. . O
+'' '' O
+
+Built VBN B-VP
+into IN B-PP
+the DT B-NP
+statute NN I-NP
+are VBP B-VP
+so-called JJ B-NP
+design NN I-NP
+immunities NNS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+protect VB I-VP
+government NN B-NP
+agencies NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Mr. NNP B-NP
+Ruvolo NNP I-NP
+and CC O
+Richard NNP B-NP
+Covert NNP I-NP
+, , O
+a DT B-NP
+lawyer NN I-NP
+with IN B-PP
+the DT B-NP
+California NNP I-NP
+Department NNP I-NP
+of IN B-PP
+Transportation NNP B-NP
+, , O
+which WDT B-NP
+oversees VBZ B-VP
+the DT B-NP
+damaged VBN I-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+is VBZ B-VP
+protected VBN I-VP
+when WRB B-ADVP
+plans NNS B-NP
+and CC I-NP
+designs NNS I-NP
+for IN B-PP
+public JJ B-NP
+structures NNS I-NP
+were VBD B-VP
+approved VBN I-VP
+ahead RB B-ADVP
+of IN B-PP
+time NN B-NP
+or CC O
+when WRB B-ADVP
+structures NNS B-NP
+met VBD B-VP
+previously RB B-NP
+approved VBN I-NP
+standards NNS I-NP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Covert NNP I-NP
+. . O
+
+He PRP B-NP
+believes VBZ B-VP
+those DT B-NP
+defenses NNS I-NP
+might MD B-VP
+well RB I-VP
+apply VB I-VP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+collapse NN I-NP
+. . O
+
+Nevertheless RB B-ADVP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+`` `` O
+I PRP B-NP
+would MD B-VP
+n't RB I-VP
+get VB I-VP
+totally RB I-VP
+shocked VBN I-VP
+if IN B-SBAR
+we PRP B-NP
+get VBP B-VP
+lawsuits NNS B-NP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+. . O
+'' '' O
+
+If IN B-SBAR
+there EX B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+race NN I-NP
+to TO B-PP
+the DT B-NP
+courthouse NN I-NP
+, , O
+it PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+started VBN I-VP
+yet RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Covert NNP I-NP
+had VBD B-VP
+to TO I-VP
+search VB I-VP
+through IN B-PP
+law NN B-NP
+books NNS I-NP
+scattered VBN B-VP
+on IN B-PP
+the DT B-NP
+floor NN I-NP
+of IN B-PP
+his PRP$ B-NP
+office NN I-NP
+yesterday NN B-NP
+, , O
+and CC O
+Mr. NNP B-NP
+Belli NNP I-NP
+'s POS B-NP
+courtyard NN I-NP
+was VBD B-VP
+strewn VBN I-VP
+with IN B-PP
+bricks NNS B-NP
+. . O
+
+Wednesday NNP B-NP
+, , O
+Mr. NNP B-NP
+Belli NNP I-NP
+'s POS B-NP
+staff NN I-NP
+was VBD B-VP
+n't RB I-VP
+permitted VBN I-VP
+into IN B-PP
+his PRP$ B-NP
+office NN I-NP
+by IN B-PP
+city NN B-NP
+officials NNS I-NP
+worried VBN B-VP
+about IN B-PP
+their PRP$ B-NP
+safety NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+he PRP B-NP
+set VBD B-VP
+up IN B-PRT
+shop NN B-NP
+on IN B-PP
+the DT B-NP
+sidewalk NN I-NP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+his PRP$ B-NP
+town-house JJ I-NP
+office NN I-NP
+and CC O
+helped VBD B-VP
+victims NNS B-NP
+apply VBP B-VP
+for IN B-PP
+federal JJ B-NP
+aid NN I-NP
+-- : O
+free JJ B-ADVP
+of IN B-PP
+charge NN B-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+news NN I-NP
+release NN I-NP
+issued VBN B-VP
+by IN B-PP
+Mr. NNP B-NP
+Drivon NNP I-NP
+, , O
+the DT B-NP
+trial NN I-NP
+lawyers NNS I-NP
+association NN I-NP
+also RB B-ADVP
+promised VBD B-VP
+free JJ B-NP
+assistance NN I-NP
+to TO B-PP
+victims NNS B-NP
+. . O
+
+The DT B-NP
+association NN I-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+monitor VB I-VP
+the DT B-NP
+conduct NN I-NP
+of IN B-PP
+lawyers NNS B-NP
+and CC O
+warned VBD B-VP
+that DT B-SBAR
+solicitation NN B-NP
+of IN B-PP
+business NN B-NP
+is VBZ B-VP
+unethical JJ B-ADJP
+. . O
+
+What WP B-NP
+'s VBZ O
+in IN B-PP
+a DT B-NP
+name NN I-NP
+? . O
+
+Apparently RB B-ADVP
+a DT B-NP
+lot NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+British JJ I-NP
+firm NN I-NP
+of IN B-PP
+Deloitte NNP B-NP
+, , I-NP
+Haskins NNP I-NP
+& CC I-NP
+Sells NNP I-NP
+. . O
+
+The DT B-NP
+British JJ I-NP
+firm NN I-NP
+has VBZ B-VP
+begun VBN I-VP
+court NN B-NP
+proceedings NNS I-NP
+in IN B-PP
+London NNP B-NP
+to TO B-VP
+prevent VB I-VP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+the DT B-NP
+name NN I-NP
+`` `` I-NP
+Deloitte NNP I-NP
+'' '' O
+by IN B-PP
+Deloitte NNP B-NP
+, , I-NP
+Haskins NNP I-NP
+& CC I-NP
+Sells NNP I-NP
+and CC O
+Touche NNP B-NP
+Ross NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+in IN B-PP
+England NNP B-NP
+and CC O
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+. . O
+
+The DT B-NP
+British NNP I-NP
+Deloitte NNP I-NP
+firm NN I-NP
+recently RB B-ADVP
+withdrew VBD B-VP
+from IN B-PP
+the DT B-NP
+merger NN I-NP
+of IN B-PP
+Deloitte NNP B-NP
+and CC I-NP
+Touche NNP I-NP
+world-wide JJ I-NP
+and CC O
+joined VBD B-VP
+Coopers NNP B-NP
+& CC I-NP
+Lybrand NNP I-NP
+. . O
+
+John NNP B-NP
+Bullock NNP I-NP
+, , O
+senior JJ B-NP
+partner NN I-NP
+of IN B-PP
+Deloitte NNP B-NP
+in IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+, , O
+said VBD B-VP
+`` `` O
+the DT B-NP
+decision NN I-NP
+to TO B-VP
+start VB I-VP
+these DT B-NP
+proceedings NNS I-NP
+has VBZ B-VP
+n't RB I-VP
+been VBN I-VP
+taken VBN I-VP
+lightly RB B-ADVP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Bullock NNP I-NP
+said VBD B-VP
+the DT B-NP
+British JJ I-NP
+firm NN I-NP
+has VBZ B-VP
+used VBN I-VP
+the DT B-NP
+name NN I-NP
+`` `` I-NP
+Deloitte NNP I-NP
+'' '' O
+since IN B-PP
+1845 CD B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+Deloitte NNP B-NP
+, , I-NP
+Haskins NNP I-NP
+& CC I-NP
+Sells NNP I-NP
+was VBD B-VP
+known VBN I-VP
+as IN B-PP
+Haskins NNP B-NP
+& CC I-NP
+Sells NNP I-NP
+until IN B-PP
+1978 CD B-NP
+, , O
+when WRB B-ADVP
+it PRP B-NP
+added VBD B-VP
+the DT B-NP
+`` `` I-NP
+Deloitte NNP I-NP
+'' '' I-NP
+name NN I-NP
+of IN B-PP
+its PRP$ B-NP
+British JJ I-NP
+affiliate NN I-NP
+. . O
+
+John NNP B-NP
+C. NNP I-NP
+Burton NNP I-NP
+, , O
+an DT B-NP
+accounting NN I-NP
+professor NN I-NP
+at IN B-PP
+Columbia NNP B-NP
+University NNP I-NP
+'s POS B-NP
+Graduate NNP I-NP
+School NNP I-NP
+of IN B-PP
+Business NNP B-NP
+, , O
+said VBD B-VP
+`` `` O
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+emotion NN B-NP
+involved VBN B-VP
+in IN B-PP
+the DT B-NP
+name NN I-NP
+of IN B-PP
+an DT B-NP
+accounting NN I-NP
+firm NN I-NP
+with IN B-PP
+a DT B-NP
+long JJ I-NP
+history NN I-NP
+and CC B-PP
+with IN B-PP
+roots NNS B-NP
+in IN B-PP
+England NNP B-NP
+, , O
+where WRB B-ADVP
+accounting NN B-NP
+predates VBZ B-VP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+'' '' O
+
+Although IN B-SBAR
+accountants NNS B-NP
+are VBP B-VP
+n't RB I-VP
+noted VBN I-VP
+as IN B-PP
+`` `` O
+being VBG B-VP
+deeply RB B-ADJP
+emotional JJ I-ADJP
+, , O
+they PRP B-NP
+really RB B-ADVP
+hold VBP B-VP
+it PRP B-NP
+all DT B-NP
+in NN B-PRT
+, , O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Burton NNP I-NP
+, , O
+former JJ B-NP
+chief JJ I-NP
+accountant NN I-NP
+of IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+. . O
+
+J. NNP B-NP
+Michael NNP I-NP
+Cook NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Deloitte NNP B-NP
+, , I-NP
+Haskins NNP I-NP
+& CC I-NP
+Sells NNP I-NP
+International NNP I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+believes VBZ B-VP
+the DT B-NP
+legal JJ I-NP
+action NN I-NP
+by IN B-PP
+the DT B-NP
+British JJ I-NP
+firm NN I-NP
+`` `` O
+to TO B-VP
+be VB I-VP
+without IN B-PP
+merit NN B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Cook NNP I-NP
+said VBD B-VP
+that IN B-SBAR
+last JJ B-NP
+June NNP I-NP
+, , O
+the DT B-NP
+international JJ I-NP
+executive NN I-NP
+committes NNS I-NP
+of IN B-PP
+Deloitte NNP B-NP
+and CC I-NP
+Touche NNP I-NP
+agreed VBD B-VP
+to TO B-PP
+a DT B-NP
+world-wide JJ I-NP
+merger NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+merger NN I-NP
+is VBZ B-VP
+proceeding VBG I-VP
+according VBG B-PP
+to TO B-PP
+plan VB B-NP
+, , O
+except IN B-PP
+as IN B-PP
+to TO B-PP
+the DT B-NP
+withdrawal NN I-NP
+of IN B-PP
+the DT B-NP
+Deloitte NNP I-NP
+U.K. NNP I-NP
+firm NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Partners NNS B-NP
+at IN B-PP
+other JJ B-NP
+accounting NN I-NP
+firms NNS I-NP
+say VBP B-VP
+that IN B-SBAR
+the DT B-NP
+Deloitte NNP I-NP
+firm NN I-NP
+in IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+is VBZ B-VP
+filing VBG I-VP
+the DT B-NP
+suit NN I-NP
+to TO B-VP
+get VB I-VP
+even RB B-PRT
+with IN B-PP
+the DT B-NP
+merged VBN I-NP
+Deloitte-Touche NNP I-NP
+firm NN I-NP
+for IN B-PP
+keeping VBG B-VP
+major JJ B-NP
+auditing NN I-NP
+work NN I-NP
+in IN B-PP
+England NNP B-NP
+. . O
+
+General NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+Deloitte NNP I-NP
+audit NN I-NP
+client NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+has VBZ B-VP
+agreed VBN I-VP
+to TO I-VP
+keep VB I-VP
+its PRP$ B-NP
+annual JJ I-NP
+$ $ I-NP
+18 CD I-NP
+million CD I-NP
+world-wide JJ I-NP
+audit NN I-NP
+and CC I-NP
+associated VBN I-NP
+tax NN I-NP
+work NN I-NP
+with IN B-PP
+the DT B-NP
+merged VBN I-NP
+Deloitte-Touche NNP I-NP
+firm NN I-NP
+, , O
+to TO B-VP
+be VB I-VP
+known VBN I-VP
+as IN B-PP
+Deloitte NNP B-NP
+& CC I-NP
+Touche NNP I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+In IN B-PP
+England NNP B-NP
+, , O
+this DT B-NP
+would MD B-VP
+mean VB I-VP
+that IN B-SBAR
+the DT B-NP
+British NNP I-NP
+Deloitte NNP I-NP
+would MD B-VP
+lose VB I-VP
+revenue NN B-NP
+for IN B-PP
+its PRP$ B-NP
+audit NN I-NP
+of IN B-PP
+GM NNP B-NP
+'s POS B-NP
+Vauxhill NNP I-NP
+unit NN I-NP
+. . O
+
+The DT B-NP
+defection NN I-NP
+of IN B-PP
+Deloitte NNP B-NP
+'s POS B-NP
+affiliates NNS I-NP
+in IN B-PP
+Britain NNP B-NP
+and CC O
+the DT B-NP
+Netherlands NNP I-NP
+to TO B-PP
+Coopers NNP B-NP
+& CC I-NP
+Lybrand NNP I-NP
+will MD B-VP
+make VB I-VP
+Coopers NNP B-NP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+biggest JJS I-NP
+accounting NN I-NP
+firms NNS I-NP
+in IN B-PP
+Europe NNP B-NP
+, , O
+rivaling VBG B-VP
+KPMG NNP B-NP
+Peat NNP I-NP
+Marwick NNP I-NP
+there RB B-ADVP
+. . O
+
+Although IN B-SBAR
+Coopers NNP B-NP
+has VBZ B-VP
+n't RB I-VP
+been VBN I-VP
+courted VBN I-VP
+by IN B-PP
+other JJ B-NP
+major JJ I-NP
+accounting NN I-NP
+firms NNS I-NP
+for IN B-PP
+a DT B-NP
+merger NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+benefiting VBG I-VP
+greatly RB B-ADVP
+from IN B-PP
+fallout NN B-NP
+from IN B-PP
+the DT B-NP
+Deloitte-Touche NNP I-NP
+merger NN I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+Harris NNP B-NP
+Amhowitz NNP I-NP
+, , O
+general JJ B-NP
+counsel NN I-NP
+of IN B-PP
+Coopers NNP B-NP
+, , O
+said VBD B-VP
+Coopers NNP B-NP
+`` `` O
+was VBD B-VP
+aware JJ B-ADJP
+of IN B-PP
+the DT B-NP
+litigation NN I-NP
+, , O
+'' '' O
+but CC O
+he PRP B-NP
+declined VBD B-VP
+further JJ B-NP
+comment NN I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+on IN B-PP
+the DT B-NP
+name NN I-NP
+that IN B-NP
+Coopers NNP B-NP
+would MD B-VP
+use VB I-VP
+in IN B-PP
+England NNP B-NP
+if IN B-SBAR
+Deloitte NNP B-NP
+UK NNP I-NP
+won VBD B-VP
+its PRP$ B-NP
+litigation NN I-NP
+to TO B-VP
+keep VB I-VP
+its PRP$ B-NP
+name NN I-NP
+. . O
+
+Coopers NNP B-NP
+uses VBZ B-VP
+the DT B-NP
+Coopers NNP I-NP
+& CC I-NP
+Lybrand NNP I-NP
+name NN I-NP
+world-wide JJ B-ADVP
+. . O
+
+William NNP B-NP
+Bennett NNP I-NP
+, , O
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+drug-policy NN I-NP
+director NN I-NP
+, , O
+accused VBN B-VP
+local JJ B-NP
+officials NNS I-NP
+in IN B-PP
+the DT B-NP
+Washington NNP I-NP
+area NN I-NP
+of IN B-PP
+blocking VBG B-VP
+construction NN B-NP
+of IN B-PP
+prison NN B-NP
+facilities NNS I-NP
+to TO B-VP
+house VB I-VP
+convicted VBN B-NP
+drug NN I-NP
+dealers NNS I-NP
+. . O
+
+`` `` O
+Politics NNP B-NP
+has VBZ B-VP
+essentially RB I-VP
+put VB I-VP
+up IN B-PRT
+a DT B-NP
+roadblock NN I-NP
+'' '' O
+to TO B-PP
+finding VBG B-VP
+sites NNS B-NP
+for IN B-PP
+new JJ B-NP
+federal JJ I-NP
+prisons NNS I-NP
+, , O
+Mr. NNP B-NP
+Bennett NNP I-NP
+said VBD B-VP
+at IN B-PP
+a DT B-NP
+news NN I-NP
+conference NN I-NP
+called VBN B-VP
+to TO B-VP
+report VB I-VP
+on IN B-PP
+his PRP$ B-NP
+`` `` I-NP
+emergency NN I-NP
+assistance NN I-NP
+program NN I-NP
+'' '' O
+for IN B-PP
+the DT B-NP
+capital NN I-NP
+. . O
+
+Without IN B-PP
+more JJR B-NP
+space NN I-NP
+to TO B-VP
+incarcerate VB I-VP
+convicted VBN B-NP
+criminals NNS I-NP
+, , O
+he PRP B-NP
+added VBD B-VP
+, , O
+`` `` O
+we PRP B-NP
+will MD B-VP
+not RB I-VP
+win VB I-VP
+the DT B-NP
+war NN I-NP
+on IN B-PP
+drugs NNS B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Bennett NNP I-NP
+declared VBD B-VP
+in IN B-PP
+April NNP B-NP
+that IN B-SBAR
+he PRP B-NP
+would MD B-VP
+make VB I-VP
+Washington NNP B-NP
+a DT B-NP
+`` `` I-NP
+test NN I-NP
+case NN I-NP
+'' '' O
+for IN B-PP
+how WRB B-ADVP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+would MD B-VP
+aid VB I-VP
+cities NNS B-NP
+afflicted VBN B-VP
+by IN B-PP
+heavy JJ B-NP
+drug NN I-NP
+trafficking NN I-NP
+and CC O
+violence NN B-NP
+. . O
+
+The DT B-NP
+drug NN I-NP
+czar NN I-NP
+claimed VBD B-VP
+that IN B-SBAR
+enforcement NN B-NP
+efforts NNS I-NP
+are VBP B-VP
+working VBG I-VP
+here RB B-ADVP
+, , O
+`` `` O
+albeit IN B-ADVP
+at IN B-PP
+a DT B-NP
+slower JJR I-NP
+and CC I-NP
+more JJR I-NP
+halting VBG I-NP
+pace NN I-NP
+than IN B-SBAR
+we PRP B-NP
+would MD B-VP
+like IN I-VP
+. . O
+'' '' O
+
+He PRP B-NP
+acknowledged VBD B-VP
+, , O
+however RB B-ADVP
+, , O
+that IN B-SBAR
+Washington NNP B-NP
+'s POS B-NP
+`` `` I-NP
+drug-related JJ I-NP
+murder NN I-NP
+rate NN I-NP
+is VBZ O
+intolerably RB B-ADJP
+high JJ I-ADJP
+. . O
+
+The DT B-NP
+prisons NNS I-NP
+are VBP B-VP
+too RB B-ADJP
+crowded VBN I-ADJP
+. . O
+
+Drugs NNS B-NP
+continue VBP B-VP
+to TO I-VP
+be VB I-VP
+sold VBN I-VP
+openly RB B-ADVP
+around IN B-PP
+schools NNS B-NP
+, , I-NP
+parks NNS I-NP
+and CC I-NP
+housing NN I-NP
+projects NNS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Bennett NNP I-NP
+declined VBD B-VP
+to TO I-VP
+name VB I-VP
+the DT B-NP
+area NN I-NP
+officials NNS I-NP
+who WP B-NP
+he PRP B-NP
+believes VBZ B-VP
+have VBP B-VP
+impeded VBN I-VP
+plans NNS B-NP
+for IN B-PP
+building NN B-VP
+more RBR B-NP
+federal JJ I-NP
+prisons NNS I-NP
+to TO B-VP
+ease VB I-VP
+Washington NNP B-NP
+'s POS B-NP
+problem NN I-NP
+. . O
+
+But CC O
+other JJ B-NP
+Bush NNP I-NP
+administration NN I-NP
+officials NNS I-NP
+have VBP B-VP
+criticized VBN I-VP
+Maryland NNP B-NP
+Gov. NNP I-NP
+William NNP I-NP
+Schaefer NNP I-NP
+for IN B-PP
+blocking VBG B-VP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+possible JJ B-NP
+sites NNS I-NP
+in IN B-PP
+that DT B-NP
+state NN I-NP
+. . O
+
+Administration NN B-NP
+officials NNS I-NP
+also RB B-ADVP
+have VBP B-VP
+said VBD I-VP
+that IN B-SBAR
+Washington NNP B-NP
+Mayor NNP I-NP
+Marion NNP I-NP
+Barry NNP I-NP
+has VBZ B-VP
+delayed VBN I-VP
+consideration NN B-NP
+of IN B-PP
+sites NNS B-NP
+in IN B-PP
+the DT B-NP
+city NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+letter NN I-NP
+to TO B-PP
+Mr. NNP B-NP
+Bennett NNP I-NP
+'s POS B-NP
+office NN I-NP
+, , O
+released VBN B-VP
+yesterday NN B-NP
+, , O
+Washington NNP B-NP
+'s POS B-NP
+city NN I-NP
+administrator NN I-NP
+, , O
+Carol NNP B-NP
+Thompson NNP I-NP
+, , O
+complained VBD B-VP
+that IN B-SBAR
+the DT B-NP
+drug NN I-NP
+czar NN I-NP
+had VBD B-VP
+exaggerated VBN I-VP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+federal JJ B-NP
+drug-related JJ I-NP
+assistance NN I-NP
+provided VBN B-VP
+to TO B-PP
+the DT B-NP
+capital NN I-NP
+. . O
+
+Referring VBG B-VP
+to TO B-PP
+Mr. NNP B-NP
+Bennett NNP I-NP
+'s POS B-NP
+claim NN I-NP
+that IN B-SBAR
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+would MD B-VP
+provide VB I-VP
+$ $ B-NP
+97 CD I-NP
+million CD I-NP
+in IN B-PP
+emergency NN B-NP
+federal JJ I-NP
+support NN I-NP
+, , O
+Ms. NNP B-NP
+Thompson NNP I-NP
+wrote VBD B-VP
+, , O
+`` `` O
+Our PRP$ B-NP
+analysis NN I-NP
+was VBD B-VP
+unable JJ B-ADJP
+to TO B-VP
+even RB I-VP
+come VB I-VP
+close RB B-ADVP
+to TO B-PP
+documenting VBG B-VP
+that DT B-NP
+figure NN I-NP
+. . O
+'' '' O
+
+Of IN B-PP
+his PRP$ B-NP
+successes NNS I-NP
+in IN B-PP
+Washington NNP B-NP
+, , O
+Mr. NNP B-NP
+Bennett NNP I-NP
+stressed VBD B-VP
+that IN B-SBAR
+existing VBG B-NP
+federal JJ I-NP
+prisons NNS I-NP
+have VBP B-VP
+taken VBN I-VP
+custody NN B-NP
+of IN B-PP
+375 CD B-NP
+local JJ I-NP
+inmates NNS I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+noted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+federal JJ I-NP
+Drug NNP I-NP
+Enforcement NNP I-NP
+Administration NNP I-NP
+has VBZ B-VP
+established VBN I-VP
+a DT B-NP
+federal-local JJ I-NP
+task NN I-NP
+force NN I-NP
+responsible JJ B-ADJP
+since IN B-PP
+April NNP B-NP
+for IN B-PP
+106 CD B-NP
+arrests NNS I-NP
+and CC O
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+2 CD I-NP
+million CD I-NP
+in IN B-PP
+seizures NNS B-NP
+of IN B-PP
+drug NN B-NP
+dealers NNS I-NP
+' POS B-NP
+assets NNS I-NP
+. . O
+
+The DT B-NP
+Defense NNP I-NP
+Department NNP I-NP
+has VBZ B-VP
+lent VBN I-VP
+the DT B-NP
+Washington NNP I-NP
+U.S. NNP I-NP
+attorney NN I-NP
+10 CD B-NP
+prosecutors NNS I-NP
+, , O
+and CC O
+the DT B-NP
+Federal NNP I-NP
+Bureau NNP I-NP
+of IN B-PP
+Investigation NNP B-NP
+has VBZ B-VP
+provided VBN I-VP
+crime NN B-NP
+laboratory NN I-NP
+facilities NNS I-NP
+and CC I-NP
+training NN I-NP
+, , O
+he PRP B-NP
+added VBD B-VP
+. . O
+
+What WP B-NP
+if IN B-SBAR
+it PRP B-NP
+happened VBD B-VP
+to TO B-PP
+us PRP B-NP
+? . O
+
+In IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+in IN B-PP
+California NNP B-NP
+and CC O
+the DT B-NP
+devastation NN I-NP
+of IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+many JJ B-NP
+companies NNS I-NP
+in IN B-PP
+disaster-prone JJ B-NP
+areas NNS I-NP
+are VBP B-VP
+pondering VBG I-VP
+the DT B-NP
+question NN I-NP
+of IN B-PP
+preparedness NN B-NP
+. . O
+
+Some DT B-NP
+, , O
+particularly RB B-ADVP
+in IN B-PP
+West NNP B-NP
+Coast NNP I-NP
+earthquake NN I-NP
+zones NNS I-NP
+, , O
+are VBP B-VP
+dusting VBG I-VP
+off IN B-PRT
+their PRP$ B-NP
+evacuation NN I-NP
+plans NNS I-NP
+, , O
+checking VBG B-VP
+food NN B-NP
+stocks NNS I-NP
+and CC O
+reminding VBG B-VP
+employees NNS B-NP
+of IN B-PP
+what WP B-NP
+to TO B-VP
+do VB I-VP
+if IN B-SBAR
+emergency NN B-NP
+strikes NNS B-VP
+. . O
+
+Others NNS B-NP
+say VBP B-VP
+they PRP B-NP
+feel VBP B-VP
+confident JJ B-ADJP
+that IN B-SBAR
+steps NNS B-NP
+they PRP B-NP
+'ve VBP B-VP
+already RB I-VP
+taken VBN I-VP
+would MD B-VP
+see VB I-VP
+them PRP B-NP
+through IN B-PP
+a DT B-NP
+disaster NN I-NP
+. . O
+
+Preparedness NN B-NP
+involves VBZ B-VP
+more JJR B-NP
+than IN B-PP
+flashlights NNS B-NP
+and CC I-NP
+fire NN I-NP
+alarms VBZ I-NP
+these DT B-NP
+days NNS I-NP
+. . O
+
+Some DT B-NP
+big JJ I-NP
+companies NNS I-NP
+have VBP B-VP
+teams NNS B-NP
+of IN B-PP
+in-house JJ B-NP
+experts NNS I-NP
+focusing VBG B-VP
+on IN B-PP
+safety NN B-NP
+and CC I-NP
+business NN I-NP
+resumption NN I-NP
+. . O
+
+Many JJ B-NP
+companies NNS I-NP
+in IN B-PP
+the DT B-NP
+path NN I-NP
+of IN B-PP
+potential JJ B-NP
+disaster NN I-NP
+have VBP B-VP
+set VBN I-VP
+up IN B-PRT
+contingency NN B-NP
+offices NNS I-NP
+in IN B-PP
+safe JJ B-NP
+regions NNS I-NP
+, , O
+hoping VBG B-VP
+they PRP B-NP
+can MD B-VP
+transport VB I-VP
+employees NNS B-NP
+there EX B-ADVP
+and CC O
+resume VB B-VP
+operations NNS B-NP
+quickly RB B-ADVP
+. . O
+
+That DT B-NP
+means VBZ B-VP
+making VBG I-VP
+sure JJ B-ADJP
+that IN B-SBAR
+copies NNS B-NP
+of IN B-PP
+vital JJ B-NP
+computer NN I-NP
+software NN I-NP
+and CC I-NP
+company NN I-NP
+records NNS I-NP
+are VBP B-VP
+out IN B-PP
+of IN B-PP
+harm NN B-NP
+'s POS B-NP
+way NN I-NP
+. . O
+
+Some DT B-NP
+businesses NNS I-NP
+-- : O
+like IN B-PP
+Disneyland NNP B-NP
+-- : O
+claim NN B-VP
+that IN B-SBAR
+even RB B-SBAR
+if IN I-SBAR
+they PRP B-NP
+became VBD B-VP
+isolated VBN B-ADJP
+in IN B-PP
+a DT B-NP
+crisis NN I-NP
+, , O
+they PRP B-NP
+would MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+feed VB I-VP
+and CC O
+care NN B-VP
+for IN B-PP
+their PRP$ B-NP
+people NNS I-NP
+for IN B-PP
+as RB B-ADVP
+long RB I-ADVP
+as IN B-PP
+five CD B-NP
+days NNS I-NP
+. . O
+
+`` `` O
+Self-sufficiency NN B-NP
+has VBZ B-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+cornerstone NN I-NP
+of IN B-PP
+your PRP$ B-NP
+plan NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Stephanie NNP B-NP
+Masaki-Schatz NNP I-NP
+, , O
+manager NN B-NP
+of IN B-PP
+corporate JJ B-NP
+emergency NN I-NP
+planning NN I-NP
+at IN B-PP
+Atlantic NNP B-NP
+Richfield NNP I-NP
+Co. NNP I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+save VB I-VP
+your PRP$ B-NP
+critical JJ I-NP
+people NNS I-NP
+, , O
+you PRP B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+bring VB I-VP
+up IN B-PRT
+your PRP$ B-NP
+vital JJ I-NP
+business NN I-NP
+functions NNS I-NP
+. . O
+'' '' O
+
+Although IN B-SBAR
+ARCO NNP B-NP
+'s POS B-NP
+head NN I-NP
+office NN I-NP
+, , O
+more JJR B-NP
+than IN I-NP
+300 CD I-NP
+miles NNS I-NP
+from IN B-PP
+the DT B-NP
+epicenter NN I-NP
+, , O
+was VBD B-VP
+n't RB I-VP
+affected VBN I-VP
+by IN B-PP
+this DT B-NP
+week NN I-NP
+'s POS B-NP
+tremors NNS I-NP
+, , O
+Ms. NNP B-NP
+Masaki-Schatz NNP I-NP
+used VBD B-VP
+the DT B-NP
+occasion NN I-NP
+to TO B-VP
+distribute VB I-VP
+a DT B-NP
+three-page JJ I-NP
+memo NN I-NP
+of IN B-PP
+`` `` B-NP
+Earthquake NNP I-NP
+Tips NNP I-NP
+'' '' O
+to TO B-PP
+1,200 CD B-NP
+ARCO NNP I-NP
+employees NNS I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+need VBP B-VP
+to TO I-VP
+capitalize VB I-VP
+on IN B-PP
+these DT B-NP
+moments NNS I-NP
+when WRB B-ADVP
+you PRP B-NP
+have VBP B-VP
+everyone NN B-NP
+'s POS B-NP
+attention NN I-NP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+It PRP B-NP
+was VBD B-VP
+a DT B-NP
+good JJ I-NP
+reminder NN I-NP
+that IN B-SBAR
+we PRP B-NP
+all DT B-NP
+need NN B-VP
+to TO I-VP
+prepare VB I-VP
+prior RB B-ADVP
+to TO B-PP
+an DT B-NP
+event NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+ARCO NNP I-NP
+memo NN I-NP
+urges VBZ B-VP
+employees NNS B-NP
+to TO B-VP
+keep VB I-VP
+certain JJ B-NP
+supplies NNS I-NP
+at IN B-PP
+work NN B-NP
+, , O
+such JJ B-PP
+as IN I-PP
+solid JJ B-NP
+shoes NNS I-NP
+and CC O
+`` `` O
+heavy JJ B-NP
+gloves NNS I-NP
+to TO B-VP
+clear VB I-VP
+debris NN B-NP
+. . O
+'' '' O
+
+It PRP B-NP
+also RB B-ADVP
+recommends VBZ B-VP
+that IN B-SBAR
+employees NNS B-NP
+be VBP B-VP
+aware JJ B-ADJP
+of IN B-PP
+everyday JJ B-NP
+office NN I-NP
+items NNS I-NP
+that WDT B-NP
+could MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+emergency NN B-NP
+care NN I-NP
+or CC I-NP
+shelter NN I-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+suggestions NNS I-NP
+: : O
+Pantyhose NN B-NP
+and CC O
+men NNS B-NP
+'s POS B-NP
+ties NNS I-NP
+could MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+slings NNS B-NP
+, , O
+while IN B-SBAR
+removable JJ B-NP
+wooden JJ I-NP
+shelves NNS I-NP
+might MD B-VP
+aid VB I-VP
+in IN B-PP
+`` `` O
+breaking VBG B-VP
+through IN B-PP
+office NN B-NP
+walls NNS I-NP
+. . O
+'' '' O
+
+ARCO NNP B-NP
+maintains VBZ B-VP
+an DT B-NP
+office NN I-NP
+in IN B-PP
+Dallas NNP B-NP
+that WDT B-NP
+would MD B-VP
+take VB I-VP
+over IN B-PRT
+if IN B-SBAR
+payroll NN B-NP
+operations NNS I-NP
+in IN B-PP
+Pasadena NNP B-NP
+were VBD B-VP
+disrupted VBN I-VP
+. . O
+
+Two CD B-NP
+months NNS I-NP
+ago RB B-ADVP
+the DT B-NP
+company NN I-NP
+set VBN B-VP
+up IN B-PRT
+a DT B-NP
+toll-free JJ I-NP
+number NN I-NP
+, , O
+based VBN B-VP
+outside IN B-PP
+California NNP B-NP
+, , O
+to TO B-VP
+handle VB I-VP
+queries NNS B-NP
+from IN B-PP
+employees NNS B-NP
+about IN B-PP
+when WRB B-ADVP
+they PRP B-NP
+should MD B-VP
+report VB I-VP
+back RB B-ADVP
+to TO B-PP
+work VB B-NP
+after IN B-PP
+an DT B-NP
+earthquake NN I-NP
+or CC I-NP
+other JJ I-NP
+disaster NN I-NP
+. . O
+
+The DT B-NP
+ARCO NNP I-NP
+plan NN I-NP
+takes VBZ B-VP
+into IN B-PP
+account NN B-NP
+such JJ B-NP
+details NNS I-NP
+as IN B-PP
+which WDT B-NP
+aspects NNS I-NP
+of IN B-PP
+business NN B-NP
+are VBP B-VP
+busier JJR B-ADJP
+at IN B-PP
+certain JJ B-NP
+times NNS I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+This DT B-NP
+way NN I-NP
+, , O
+depending VBG B-VP
+on IN B-PP
+when WRB B-ADVP
+a DT B-NP
+quake NN I-NP
+might MD B-VP
+strike VB I-VP
+, , O
+priorities NNS B-NP
+can MD B-VP
+be VB I-VP
+assigned VBN I-VP
+to TO B-PP
+departments NNS B-NP
+that WDT B-NP
+should MD B-VP
+be VB I-VP
+brought VBN I-VP
+back RB B-ADVP
+on IN B-PP
+line NN B-NP
+first JJ B-ADVP
+. . O
+
+At IN B-PP
+Hewlett-Packard NNP B-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+earthquake NN I-NP
+came VBD B-VP
+just RB B-SBAR
+as IN I-SBAR
+the DT B-NP
+company NN I-NP
+was VBD B-VP
+reviewing VBG I-VP
+its PRP$ B-NP
+own JJ I-NP
+emergency NN I-NP
+procedures NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+were VBD B-VP
+talking VBG I-VP
+about IN B-PP
+scheduling VBG B-VP
+a DT B-NP
+practice NN I-NP
+drill NN I-NP
+for IN B-PP
+November NNP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Joan NNP B-NP
+Tharp NNP I-NP
+, , O
+a DT B-NP
+spokeswoman NN I-NP
+. . O
+
+`` `` O
+Then RB B-ADVP
+we PRP B-NP
+had VBD B-VP
+a DT B-NP
+real JJ I-NP
+one CD I-NP
+in IN B-PP
+the DT B-NP
+afternoon NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+Palo NNP I-NP
+Alto NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+computer NN I-NP
+maker NN I-NP
+scrambled VBD B-VP
+to TO I-VP
+set VB I-VP
+up IN B-PRT
+a DT B-NP
+special JJ I-NP
+phone NN I-NP
+line NN I-NP
+to TO B-VP
+tell VB I-VP
+manufacturing NN B-NP
+and CC I-NP
+support NN I-NP
+staff NN I-NP
+to TO B-VP
+stay VB I-VP
+home NN B-ADVP
+Wednesday NNP B-NP
+. . O
+
+Sales NNS B-NP
+and CC I-NP
+service NN I-NP
+employees NNS I-NP
+were VBD B-VP
+asked VBN I-VP
+to TO B-VP
+report VB I-VP
+to TO B-PP
+work VB B-NP
+to TO B-VP
+help VB I-VP
+Bay NNP B-NP
+area NN I-NP
+clients NNS I-NP
+who WP B-NP
+called VBD B-VP
+with IN B-PP
+computer NN B-NP
+problems NNS I-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+also RB B-ADVP
+called VBD B-VP
+in IN B-PRT
+its PRP$ B-NP
+systems NNS I-NP
+experts NNS I-NP
+to TO B-VP
+restore VB I-VP
+its PRP$ B-NP
+own JJ I-NP
+computer NN I-NP
+operations NNS I-NP
+. . O
+
+`` `` O
+That DT B-NP
+means VBZ B-VP
+we PRP B-NP
+can MD B-VP
+accept VB I-VP
+orders NNS B-NP
+'' '' O
+and CC O
+begin VB B-VP
+getting VBG I-VP
+back RB B-ADVP
+to TO B-PP
+normal JJ B-ADJP
+, , O
+says VBZ B-VP
+Ms. NNP B-NP
+Tharp NNP I-NP
+. . O
+
+Prompted VBN B-VP
+by IN B-PP
+an DT B-NP
+earlier RBR I-NP
+California NNP I-NP
+earthquake NN I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+a DT B-NP
+fire NN I-NP
+in IN B-PP
+a DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+office NN I-NP
+tower NN I-NP
+, , O
+Great NNP B-NP
+Western NNP I-NP
+Bank NNP I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+year NN I-NP
+hired VBN B-VP
+three CD B-NP
+emergency NN I-NP
+planners NNS I-NP
+and CC O
+spent VBD B-VP
+$ $ B-NP
+75,000 CD I-NP
+equipping VBG B-VP
+a DT B-NP
+trailer NN I-NP
+with IN B-PP
+communications NNS B-NP
+gear VBP I-NP
+to TO B-VP
+serve VB I-VP
+as IN B-PP
+an DT B-NP
+emergency NN I-NP
+headquarters NN I-NP
+. . O
+
+Although IN B-SBAR
+officials NNS B-NP
+of IN B-PP
+the DT B-NP
+savings NNS I-NP
+and CC I-NP
+loan NN I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Great NNP B-NP
+Western NNP I-NP
+Financial NNP I-NP
+Corp. NNP I-NP
+, , O
+used VBD B-VP
+some DT B-NP
+of IN B-PP
+their PRP$ B-NP
+new JJ I-NP
+plans NNS I-NP
+and CC I-NP
+equipment NN I-NP
+during IN B-PP
+this DT B-NP
+week NN I-NP
+'s POS B-NP
+quake NN I-NP
+, , O
+they PRP B-NP
+still RB B-ADVP
+lost VBD B-VP
+touch NN B-NP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+24 CD I-NP
+hours NNS I-NP
+with IN B-PP
+15 CD B-NP
+branches NNS I-NP
+in IN B-PP
+the DT B-NP
+affected VBN I-NP
+areas NNS I-NP
+, , O
+not RB O
+knowing VBG B-VP
+if IN B-SBAR
+employees NNS B-NP
+were VBD B-VP
+injured VBN I-VP
+or CC O
+vaults NNS B-NP
+were VBD B-VP
+broken VBN I-VP
+open JJ B-ADJP
+. . O
+
+`` `` O
+Some DT B-NP
+people NNS I-NP
+flat JJ B-ADVP
+out IN I-ADVP
+did VBD B-VP
+n't RB I-VP
+know VB I-VP
+what WP B-NP
+to TO B-VP
+do VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Robert NNP B-NP
+G. NNP I-NP
+Lee NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+for IN B-PP
+emergency NN B-NP
+planning NN I-NP
+and CC O
+corporate JJ B-NP
+security NN I-NP
+at IN B-PP
+Great NNP B-NP
+Western JJ I-NP
+. . O
+
+As IN B-SBAR
+it PRP B-NP
+turned VBD B-VP
+out IN B-PRT
+, , O
+bank NN B-NP
+employees NNS I-NP
+were VBD B-VP
+n't RB I-VP
+hurt VBN I-VP
+and CC O
+the DT B-NP
+vaults NNS I-NP
+withstood VBD B-VP
+the DT B-NP
+jolts NNS I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Lee NNP I-NP
+: : O
+`` `` O
+We PRP B-NP
+need VBP B-VP
+to TO I-VP
+educate VB I-VP
+people NNS B-NP
+that IN B-SBAR
+they PRP B-NP
+need VBP B-VP
+to TO I-VP
+get VB I-VP
+to TO B-PP
+a DT B-NP
+phone NN I-NP
+somehow RB B-ADVP
+, , O
+some DT B-NP
+way NN I-NP
+, , O
+to TO B-VP
+let VB I-VP
+someone NN B-NP
+know NN B-VP
+what WP B-NP
+their PRP$ B-NP
+status NN I-NP
+is NNS B-VP
+. . O
+'' '' O
+
+Some DT B-NP
+companies NNS I-NP
+are VBP B-VP
+confident JJ B-ADJP
+that IN B-SBAR
+they PRP B-NP
+'re VBP B-VP
+prepared VBN B-ADJP
+. . O
+
+Occidental NNP B-NP
+Petroleum NNP I-NP
+Corp. NNP I-NP
+holds VBZ B-VP
+regular JJ B-NP
+evacuation NN I-NP
+drills NNS I-NP
+and CC O
+stocks NNS B-VP
+food NN B-NP
+, , O
+oxygen NN B-NP
+and CC O
+non-prescription JJ B-NP
+drugs NNS I-NP
+at IN B-PP
+checkpoints NNS B-NP
+in IN B-PP
+its PRP$ B-NP
+16-story JJ I-NP
+headquarters NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+maintains VBZ B-VP
+rechargeable JJ B-NP
+flashlights NNS I-NP
+in IN B-PP
+offices NNS B-NP
+and CC O
+changes NNS B-VP
+its PRP$ B-NP
+standby JJ I-NP
+supply NN I-NP
+of IN B-PP
+drinking NN B-NP
+water NN I-NP
+every DT B-NP
+three CD I-NP
+months NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+feel VBP B-VP
+we PRP B-NP
+are VBP B-VP
+doing VBG I-VP
+everything NN B-NP
+we PRP B-NP
+can MD B-VP
+, , O
+'' '' O
+an DT B-NP
+Occidental NNP I-NP
+spokesman NN I-NP
+says NNS B-VP
+. . O
+
+Walt NNP B-NP
+Disney NNP I-NP
+Co. NNP I-NP
+'s POS B-NP
+Disneyland NNP I-NP
+in IN B-PP
+Anaheim NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+stocks NNS B-VP
+rescue NN B-NP
+equipment NN I-NP
+, , O
+medical JJ B-NP
+supplies NNS I-NP
+, , O
+and CC O
+enough JJ B-NP
+food NN I-NP
+and CC I-NP
+water NN I-NP
+to TO B-VP
+feed VB I-VP
+at IN B-NP
+least JJS I-NP
+10,000 CD I-NP
+visitors NNS I-NP
+for IN B-PP
+as RB B-ADVP
+long RB I-ADVP
+as IN B-PP
+five CD B-NP
+days NNS I-NP
+in IN B-PP
+the DT B-NP
+event NN I-NP
+that IN B-SBAR
+a DT B-NP
+calamity NN I-NP
+isolates VBZ B-VP
+the DT B-NP
+theme NN I-NP
+park NN I-NP
+. . O
+
+The DT B-NP
+park NN I-NP
+also RB B-ADVP
+has VBZ B-VP
+emergency NN B-NP
+centers NNS I-NP
+where WRB B-ADVP
+specially RB B-NP
+trained VBN I-NP
+employees NNS I-NP
+would MD B-VP
+go VB I-VP
+to TO B-VP
+coordinate VB I-VP
+evacuation NN B-NP
+and CC I-NP
+rescue NN I-NP
+plans NNS I-NP
+using VBG B-VP
+walkie-talkies NNS B-NP
+, , O
+cellular JJ B-NP
+phones NNS I-NP
+, , O
+and CC O
+a DT B-NP
+public-address JJ I-NP
+system NN I-NP
+. . O
+
+The DT B-NP
+centers NNS I-NP
+are VBP B-VP
+complete JJ B-ADJP
+with IN B-PP
+maps NNS B-NP
+detailing VBG B-VP
+utility NN B-NP
+lines NNS I-NP
+beneath IN B-PP
+rides NNS B-NP
+and CC O
+`` `` O
+safe JJ B-NP
+havens NNS I-NP
+'' '' O
+where WRB B-ADVP
+people NNS B-NP
+can MD B-VP
+be VB I-VP
+assembled VBN I-VP
+away RB B-ADVP
+from IN B-PP
+major JJ B-NP
+structures NNS I-NP
+. . O
+
+Vista NNP B-NP
+Chemical NNP I-NP
+Co. NNP I-NP
+, , O
+with IN B-PP
+three CD B-NP
+chemical NN I-NP
+plants NNS I-NP
+in IN B-PP
+and CC I-PP
+near IN I-PP
+Lake NNP B-NP
+Charles NNP I-NP
+, , O
+La. NNP B-NP
+, , O
+`` `` O
+prepares VBZ B-VP
+for IN B-PP
+every DT B-NP
+hurricane NN I-NP
+that WDT B-NP
+enters VBZ B-VP
+the DT B-NP
+Gulf NNP I-NP
+of IN B-PP
+Mexico NNP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Keith NNP B-NP
+L. NNP I-NP
+Fogg NNP I-NP
+, , O
+a DT B-NP
+company NN I-NP
+safety NN I-NP
+director NN I-NP
+. . O
+
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+an DT B-NP
+Atlantic NNP I-NP
+storm NN I-NP
+, , O
+did VBD B-VP
+n't RB I-VP
+affect VB I-VP
+Vista NNP B-NP
+. . O
+
+But CC O
+two CD B-NP
+other JJ I-NP
+major JJ I-NP
+storms NNS I-NP
+have VBP B-VP
+threatened VBN I-VP
+operations NNS B-NP
+so RB B-ADVP
+far RB I-ADVP
+this DT B-NP
+year NN I-NP
+, , O
+most RBS B-ADVP
+recently RB I-ADVP
+Hurricane NNP B-NP
+Jerry NNP I-NP
+this DT B-NP
+week NN I-NP
+. . O
+
+Because IN B-SBAR
+hurricanes NNS B-NP
+can MD B-VP
+change VB I-VP
+course NN B-NP
+rapidly RB B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+sends VBZ B-VP
+employees NNS B-NP
+home VBP B-ADVP
+and CC O
+shuts VBZ B-VP
+down JJ O
+operations NNS B-NP
+in IN B-PP
+stages NNS B-NP
+-- : O
+the DT O
+closer JJR O
+a DT B-NP
+storm NN I-NP
+gets VBZ B-VP
+, , O
+the DT O
+more RBR B-ADJP
+complete VB I-ADJP
+the DT B-NP
+shutdown NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+does VBZ B-VP
+n't RB I-VP
+wait VB I-VP
+until IN B-PP
+the DT B-NP
+final JJ I-NP
+hours NNS I-NP
+to TO B-VP
+get VB I-VP
+ready JJ B-ADJP
+for IN B-PP
+hurricanes NNS B-NP
+. . O
+
+`` `` O
+There EX B-NP
+are VBP B-VP
+just RB B-ADVP
+tons NNS B-NP
+of IN B-PP
+things NNS B-NP
+that WDT B-NP
+have VBP B-VP
+to TO I-VP
+be VB I-VP
+considered VBN I-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+Fogg NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+Empty JJ B-NP
+tank NN I-NP
+cars NNS I-NP
+will MD B-VP
+float VB I-VP
+away RB B-ADVP
+on IN B-PP
+you PRP B-NP
+if IN B-SBAR
+you PRP B-NP
+get VBP B-VP
+a DT B-NP
+big JJ I-NP
+tidal JJ I-NP
+surge NN I-NP
+. . O
+'' '' O
+
+Still RB B-ADVP
+, , O
+Vista NNP B-NP
+officials NNS I-NP
+realize VBP B-VP
+they PRP B-NP
+'re VBP B-VP
+relatively RB B-ADJP
+fortunate JJ I-ADJP
+. . O
+
+`` `` O
+With IN B-PP
+a DT B-NP
+hurricane NN I-NP
+you PRP B-NP
+know VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+coming VBG I-VP
+. . O
+
+You PRP B-NP
+have VBP B-VP
+time NN B-NP
+to TO B-VP
+put VB I-VP
+precautionary JJ B-NP
+mechanisms NNS I-NP
+in IN B-PP
+place NN B-NP
+, , O
+'' '' O
+notes VBZ B-VP
+a DT B-NP
+Vista NNP I-NP
+spokeswoman NN I-NP
+. . O
+
+`` `` O
+A DT B-NP
+situation NN I-NP
+like IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+is VBZ B-VP
+so RB B-ADJP
+frightening JJ I-ADJP
+because IN B-SBAR
+there EX B-NP
+'s VBZ B-VP
+no DT B-NP
+warning NN I-NP
+. . O
+
+Former JJ B-NP
+Democratic JJ I-NP
+fund-raiser NN I-NP
+Thomas NNP I-NP
+M. NNP I-NP
+Gaubert NNP I-NP
+, , O
+whose WP$ B-NP
+savings NNS I-NP
+and CC I-NP
+loan NN I-NP
+was VBD B-VP
+wrested VBN I-VP
+from IN B-PP
+his PRP$ B-NP
+control NN I-NP
+by IN B-PP
+federal JJ B-NP
+thrift NN I-NP
+regulators NNS I-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+granted VBN I-VP
+court NN B-NP
+permission NN I-NP
+to TO B-VP
+sue VB I-VP
+the DT B-NP
+regulators NNS I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+ruling NN I-NP
+by IN B-PP
+the DT B-NP
+Fifth NNP I-NP
+U.S. NNP I-NP
+Circuit NNP I-NP
+Court NNP I-NP
+of IN B-PP
+Appeals NNPS B-NP
+in IN B-PP
+New NNP B-NP
+Orleans NNP I-NP
+, , O
+Mr. NNP B-NP
+Gaubert NNP I-NP
+received VBD B-VP
+the DT B-NP
+go-ahead NN I-NP
+to TO B-VP
+pursue VB I-VP
+a DT B-NP
+claim NN I-NP
+against IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Home NNP I-NP
+Loan NNP I-NP
+Bank NNP I-NP
+Board NNP I-NP
+and CC O
+the DT B-NP
+Federal NNP I-NP
+Home NNP I-NP
+Loan NNP I-NP
+Bank NNP I-NP
+of IN B-PP
+Dallas NNP B-NP
+for IN B-PP
+losses NNS B-NP
+he PRP B-NP
+suffered VBD B-VP
+when WRB B-ADVP
+the DT B-NP
+Bank NNP I-NP
+Board NNP I-NP
+closed VBD B-VP
+the DT B-NP
+Independent NNP I-NP
+American NNP I-NP
+Savings NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Irving NNP B-NP
+, , O
+Texas NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Gaubert NNP I-NP
+, , O
+who WP B-NP
+was VBD B-VP
+chairman NN B-NP
+and CC O
+the DT B-NP
+majority NN I-NP
+stockholder NN I-NP
+of IN B-PP
+Independent NNP B-NP
+American NNP I-NP
+, , O
+had VBD B-VP
+relinquished VBN I-VP
+his PRP$ B-NP
+control NN I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+federal JJ B-NP
+regulators NNS I-NP
+' POS B-NP
+agreement NN I-NP
+to TO B-VP
+drop VB I-VP
+their PRP$ B-NP
+inquiry NN I-NP
+into IN B-PP
+his PRP$ B-NP
+activities NNS I-NP
+at IN B-PP
+another DT B-NP
+savings NNS I-NP
+and CC I-NP
+loan NN I-NP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+agreement NN I-NP
+, , O
+Mr. NNP B-NP
+Gaubert NNP I-NP
+contributed VBD B-VP
+real JJ B-NP
+estate NN I-NP
+valued VBN B-VP
+at IN B-PP
+$ $ B-NP
+25 CD I-NP
+million CD I-NP
+to TO B-PP
+the DT B-NP
+assets NNS I-NP
+of IN B-PP
+Independent NNP B-NP
+American NNP I-NP
+. . O
+
+While IN B-SBAR
+under IN B-PP
+the DT B-NP
+control NN I-NP
+of IN B-PP
+federal JJ B-NP
+regulators NNS I-NP
+, , O
+Independent NNP B-NP
+American NNP I-NP
+'s POS B-NP
+net JJ I-NP
+worth NN I-NP
+dropped VBD B-VP
+from IN B-PP
+$ $ B-NP
+75 CD I-NP
+million CD I-NP
+to TO B-PP
+a DT B-NP
+negative JJ I-NP
+$ $ I-NP
+400 CD I-NP
+million CD I-NP
+, , O
+wiping VBG B-VP
+out IN B-PRT
+the IN B-NP
+value NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Gaubert NNP I-NP
+'s POS B-NP
+real JJ I-NP
+estate NN I-NP
+contribution NN I-NP
+and CC O
+his PRP$ B-NP
+stock NN I-NP
+in IN B-PP
+the DT B-NP
+institution NN I-NP
+. . O
+
+Mr. NNP B-NP
+Gaubert NNP I-NP
+'s POS B-NP
+suit NN I-NP
+to TO B-VP
+recover VB I-VP
+his PRP$ B-NP
+damages NNS I-NP
+was VBD B-VP
+dismissed VBN I-VP
+last JJ B-NP
+year NN I-NP
+by IN B-PP
+U.S. NNP B-NP
+District NNP I-NP
+Judge NNP I-NP
+Robert NNP I-NP
+Maloney NNP I-NP
+of IN B-PP
+Dallas NNP B-NP
+under IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Tort NNP I-NP
+Claims NNP I-NP
+Act NNP I-NP
+, , O
+which WDT B-NP
+offers VBZ B-VP
+broad JJ B-NP
+protection NN I-NP
+for IN B-PP
+actions NNS B-NP
+by IN B-PP
+federal JJ B-NP
+agencies NNS I-NP
+and CC I-NP
+employees NNS I-NP
+. . O
+
+Earlier RBR B-NP
+this DT I-NP
+week NN I-NP
+, , O
+a DT B-NP
+Fifth NNP I-NP
+Circuit NNP I-NP
+appellate JJ I-NP
+panel NN I-NP
+upheld VBD B-VP
+Judge NNP B-NP
+Maloney NNP I-NP
+'s POS B-NP
+dismissal NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Gaubert NNP I-NP
+'s POS B-NP
+claim NN I-NP
+as IN B-PP
+a DT B-NP
+shareholder NN I-NP
+but CC O
+said VBD B-VP
+the DT B-NP
+judge NN I-NP
+should MD B-VP
+reconsider VB I-VP
+Mr. NNP B-NP
+Gaubert NNP I-NP
+'s POS B-NP
+claim NN I-NP
+for IN B-PP
+the DT B-NP
+loss NN I-NP
+of IN B-PP
+his PRP$ B-NP
+property NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+may MD B-VP
+depend VB I-VP
+on IN B-PP
+whether IN O
+there EX B-NP
+was VBD B-VP
+an DT B-NP
+express NN I-NP
+or CC I-NP
+implied VBN I-NP
+promise NN I-NP
+... : O
+that IN B-SBAR
+the DT B-NP
+federal JJ I-NP
+officials NNS I-NP
+would MD B-VP
+not RB I-VP
+negligently RB I-VP
+cause VBG I-VP
+the DT B-NP
+deterioration NN I-NP
+'' '' O
+of IN B-PP
+Independent NNP B-NP
+American NNP I-NP
+, , O
+the DT B-NP
+court NN I-NP
+wrote VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Gaubert NNP I-NP
+'s POS B-NP
+lawyer NN I-NP
+, , O
+Abbe NNP B-NP
+David NNP I-NP
+Lowell NNP I-NP
+of IN B-PP
+Washington NNP B-NP
+, , O
+D.C. NNP B-NP
+, , O
+says VBZ B-VP
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+ruling NN I-NP
+on IN B-PP
+other JJ B-NP
+cases NNS I-NP
+involving VBG B-VP
+thrift NN B-NP
+takeovers NNS I-NP
+will MD B-VP
+depend VB I-VP
+on IN B-PP
+the DT B-NP
+degree NN I-NP
+of IN B-PP
+similarity NN B-NP
+in IN B-PP
+the DT B-NP
+facts NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+if IN B-SBAR
+this DT B-NP
+will MD B-VP
+affect VB I-VP
+one CD B-NP
+institution NN I-NP
+or CC O
+a DT B-NP
+hundred CD I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Lowell NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+It PRP B-NP
+does VBZ B-VP
+establish VB I-VP
+a DT B-NP
+very RB I-NP
+clear JJ I-NP
+precedent NN I-NP
+for IN B-PP
+suing VBG B-VP
+the DT B-NP
+FHLBB NNP I-NP
+where WRB B-ADVP
+there EX B-NP
+was VBD B-VP
+none NN B-NP
+before IN B-ADVP
+. . O
+'' '' O
+
+MAITRE'D NNP B-NP
+CLAIMS VBZ B-VP
+in IN B-PP
+suit NN B-NP
+that DT B-SBAR
+restaurant NN B-NP
+fired VBD B-VP
+her PRP B-NP
+because IN B-SBAR
+she PRP B-NP
+was VBD B-VP
+pregnant JJ B-ADJP
+. . O
+
+In IN B-PP
+a DT B-NP
+suit NN I-NP
+filed VBN B-VP
+in IN B-PP
+state NN B-NP
+court NN I-NP
+in IN B-PP
+Manhattan NNP B-NP
+, , O
+the DT B-NP
+American NNP I-NP
+Civil NNP I-NP
+Liberties NNP I-NP
+Union NNP I-NP
+is VBZ B-VP
+representing VBG I-VP
+the DT B-NP
+former JJ I-NP
+maitre NNP I-NP
+'d MD I-NP
+of IN B-PP
+the DT B-NP
+chic JJ I-NP
+Odeon NNP I-NP
+restaurant NN I-NP
+. . O
+
+The DT B-NP
+suit NN I-NP
+, , O
+which WDT B-NP
+seeks VBZ B-VP
+compensatory JJ B-NP
+and CC I-NP
+punitive JJ I-NP
+damages NNS I-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+, , O
+alleges VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+firing NN I-NP
+of IN B-PP
+Marcia NNP B-NP
+Trees NNP I-NP
+Levine NNP I-NP
+violated VBD B-VP
+New NNP B-NP
+York NNP I-NP
+state NN I-NP
+'s POS B-NP
+human-rights JJ I-NP
+law NN I-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+things NNS I-NP
+, , O
+the DT B-NP
+law NN I-NP
+prohibits VBZ B-VP
+discrimination NN B-NP
+on IN B-PP
+the DT B-NP
+basis NN I-NP
+of IN B-PP
+sex NN B-NP
+and CC I-NP
+pregnancy NN I-NP
+. . O
+
+The DT B-NP
+suit NN I-NP
+alleges VBZ B-VP
+that IN B-SBAR
+Ms. NNP B-NP
+Levine NNP I-NP
+was VBD B-VP
+fired VBN I-VP
+after IN B-SBAR
+she PRP B-NP
+refused VBD B-VP
+to TO I-VP
+accept VB I-VP
+a DT B-NP
+lower JJR I-NP
+paying VBG I-NP
+, , I-NP
+less RBR I-NP
+visible JJ I-NP
+job NN I-NP
+upon IN B-PP
+reaching VBG B-VP
+her PRP$ B-NP
+sixth JJ I-NP
+month NN I-NP
+of IN B-PP
+pregnancy NN B-NP
+. . O
+
+Ms. NNP B-NP
+Levine NNP I-NP
+told VBD B-VP
+her PRP$ B-NP
+employer NN I-NP
+that IN B-SBAR
+she PRP B-NP
+was VBD B-VP
+pregnant JJ B-ADJP
+in IN B-PP
+February NNP B-NP
+; : O
+a DT B-NP
+month NN I-NP
+later RB B-ADVP
+, , O
+the DT B-NP
+suit NN I-NP
+says VBZ B-VP
+, , O
+the DT B-NP
+restaurant NN I-NP
+manager NN I-NP
+told VBD B-VP
+Ms. NNP B-NP
+Levine NNP I-NP
+that IN B-SBAR
+she PRP B-NP
+would MD B-VP
+be VB I-VP
+demoted VBN I-VP
+to TO B-PP
+his PRP$ B-NP
+assistant NN I-NP
+because IN B-SBAR
+he PRP B-NP
+felt VBD B-VP
+customers NNS B-NP
+would MD B-VP
+be VB I-VP
+uncomfortable JJ B-ADJP
+with IN B-PP
+a DT B-NP
+pregnant JJ I-NP
+maitre NNP I-NP
+'d MD I-NP
+. . O
+
+Kary NNP B-NP
+Moss NNP I-NP
+, , O
+an DT B-NP
+attorney NN I-NP
+with IN B-PP
+the DT B-NP
+ACLU NNP I-NP
+'s POS B-NP
+Women NNP I-NP
+'s POS B-NP
+Rights NNP I-NP
+Project NNP I-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+They PRP B-NP
+wanted VBD B-VP
+a DT B-NP
+svelte-looking JJ I-NP
+woman NN I-NP
+, , O
+and CC O
+a DT B-NP
+pregnant JJ I-NP
+woman NN I-NP
+is VBZ B-VP
+not RB O
+svelte JJ B-ADJP
+. . O
+
+They PRP B-NP
+told VBD B-VP
+her PRP$ B-NP
+, , O
+` `` O
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+hire VB I-VP
+fat JJ B-NP
+people NNS I-NP
+and CC O
+we PRP B-NP
+do VBP B-VP
+n't RB I-VP
+hire VB I-VP
+cripples NNS B-NP
+. . O
+
+And CC O
+pregnant JJ B-NP
+women NNS I-NP
+are VBP B-VP
+fat JJ B-ADJP
+. . O
+' '' O
+'' '' O
+
+Ms. NNP B-NP
+Moss NNP I-NP
+said VBD B-VP
+Ms. NNP B-NP
+Levine NNP I-NP
+secretly RB B-ADVP
+taped VBD B-VP
+many JJ B-NP
+conversations NNS I-NP
+with IN B-PP
+her PRP$ B-NP
+bosses NNS I-NP
+at IN B-PP
+the DT B-NP
+Odeon NNP I-NP
+in IN B-PP
+which WDT B-NP
+they PRP B-NP
+told VBD B-VP
+her PRP$ B-NP
+she PRP B-NP
+was VBD B-VP
+being VBG I-VP
+fired VBN I-VP
+as IN B-PP
+maitre NNP B-NP
+'d MD I-NP
+because IN B-SBAR
+she PRP B-NP
+was VBD B-VP
+pregnant JJ B-ADJP
+. . O
+
+Paul NNP B-NP
+H. NNP I-NP
+Aloe NNP I-NP
+, , O
+an DT B-NP
+attorney NN I-NP
+for IN B-PP
+Odeon NNP B-NP
+owner NN I-NP
+Keith NNP I-NP
+McNally NNP I-NP
+, , O
+denied VBD B-VP
+the DT B-NP
+allegations NNS I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+Ms. NNP B-NP
+Levine NNP I-NP
+had VBD B-VP
+never RB I-VP
+been VBN I-VP
+fired VBN I-VP
+, , O
+although IN B-SBAR
+she PRP B-NP
+had VBD B-VP
+stopped VBN I-VP
+working VBG I-VP
+at IN B-PP
+the DT B-NP
+restaurant NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+Odeon NNP I-NP
+made VBD B-VP
+a DT B-NP
+written VBN I-NP
+offer NN I-NP
+to TO B-PP
+Marcia NNP B-NP
+Levine NNP I-NP
+on IN B-PP
+July NNP B-NP
+10 CD I-NP
+to TO B-VP
+return VB I-VP
+to TO B-PP
+work VB B-NP
+as IN B-PP
+the DT B-NP
+maitre NNP I-NP
+'d MD I-NP
+, , O
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+pay NN I-NP
+, , I-NP
+same JJ I-NP
+hours NNS I-NP
+and CC B-PP
+with IN B-PP
+back JJ B-NP
+pay NN I-NP
+accrued VBN B-VP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Aloe NNP I-NP
+said VBD B-VP
+the DT B-NP
+Odeon NNP I-NP
+`` `` O
+has VBZ B-VP
+no DT B-NP
+policy NN I-NP
+against IN B-PP
+hiring VBG B-VP
+pregnant JJ B-NP
+people NNS I-NP
+. . O
+'' '' O
+
+LAWYERS NNS B-NP
+IN IN B-PP
+Texas NNP B-NP
+'s POS B-NP
+biggest JJS I-NP
+bank-fraud NN I-NP
+case NN I-NP
+want VBP B-VP
+out IN B-ADVP
+in IN B-PP
+face NN B-NP
+of IN B-PP
+retrial NN B-NP
+. . O
+
+Lawyers NNS B-NP
+representing VBG B-VP
+five CD B-NP
+of IN B-PP
+the DT B-NP
+seven CD I-NP
+defendants NNS I-NP
+in IN B-PP
+the DT B-NP
+case NN I-NP
+say VBP B-VP
+their PRP$ B-NP
+clients NNS I-NP
+can MD B-VP
+no RB I-VP
+longer RB I-VP
+afford VB I-VP
+their PRP$ B-NP
+services NNS I-NP
+. . O
+
+The DT B-NP
+trial NN I-NP
+of IN B-PP
+the DT B-NP
+case NN I-NP
+lasted VBD B-VP
+seven CD B-NP
+months NNS I-NP
+and CC O
+ended VBD B-VP
+in IN B-PP
+September NNP B-NP
+with IN B-PP
+a DT B-NP
+hung VBN I-NP
+jury NN I-NP
+. . O
+
+The DT B-NP
+defendants NNS I-NP
+were VBD B-VP
+indicted VBN I-VP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+on IN B-PP
+charges NNS B-NP
+that IN B-SBAR
+they PRP B-NP
+conspired VBD B-VP
+to TO I-VP
+defraud VB I-VP
+five CD B-NP
+thrifts NNS I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+130 CD I-NP
+million CD I-NP
+through IN B-PP
+a DT B-NP
+complicated VBN I-NP
+scheme NN I-NP
+to TO B-VP
+inflate VB I-VP
+the DT B-NP
+price NN I-NP
+of IN B-PP
+land NN B-NP
+and CC I-NP
+condominium NN I-NP
+construction NN I-NP
+along IN B-PP
+Interstate NNP B-NP
+30 CD I-NP
+, , O
+east NN B-ADVP
+of IN B-PP
+Dallas NNP B-NP
+. . O
+
+The DT B-NP
+defense NN I-NP
+lawyers NNS I-NP
+, , O
+three CD B-NP
+of IN B-PP
+whom WP B-NP
+are VBP B-VP
+solo NN B-NP
+practitioners NNS I-NP
+, , O
+say VBP B-VP
+they PRP B-NP
+ca MD B-VP
+n't RB I-VP
+afford VB I-VP
+to TO I-VP
+put VB I-VP
+their PRP$ B-NP
+law NN I-NP
+practices NNS I-NP
+on IN B-PP
+hold NN B-NP
+for IN B-PP
+another DT B-NP
+seven-month JJ I-NP
+trial NN I-NP
+. . O
+
+Some DT B-NP
+of IN B-PP
+the DT B-NP
+lawyers NNS I-NP
+say VBP B-VP
+they PRP B-NP
+would MD B-VP
+continue VB I-VP
+to TO I-VP
+represent VB I-VP
+their PRP$ B-NP
+clients NNS I-NP
+if IN B-SBAR
+the DT B-NP
+government NN I-NP
+pays VBZ B-VP
+their PRP$ B-NP
+tab NN I-NP
+as IN B-PP
+court-appointed JJ B-NP
+lawyers NNS I-NP
+. . O
+
+Assistant NNP B-NP
+U.S. NNP I-NP
+Attorney NNP I-NP
+Terry NNP I-NP
+Hart NNP I-NP
+of IN B-PP
+Dallas NNP B-NP
+says VBZ B-VP
+the DT B-NP
+government NN I-NP
+will MD B-VP
+oppose VB I-VP
+any DT B-NP
+efforts NNS I-NP
+to TO B-VP
+bring VB I-VP
+in IN B-PRT
+a DT B-NP
+new JJ I-NP
+defense NN I-NP
+team NN I-NP
+because IN B-SBAR
+it PRP B-NP
+would MD B-VP
+delay VB I-VP
+a DT B-NP
+retrial NN I-NP
+. . O
+
+FEDERAL JJ B-NP
+JUDGE NNP I-NP
+ALCEE NNP I-NP
+HASTINGS NNP I-NP
+of IN B-PP
+Florida NNP B-NP
+, , O
+facing VBG B-VP
+impeachment NN B-NP
+, , O
+received VBD B-VP
+an DT B-NP
+unanticipated JJ I-NP
+boost NN I-NP
+yesterday NN B-NP
+. . O
+
+Sen. NNP B-NP
+Arlen NNP I-NP
+Specter NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Pa NNP B-NP
+. . O
+-RRB- ) O
+urged VBD B-VP
+acquittal NN B-NP
+of IN B-PP
+the DT B-NP
+judge NN I-NP
+in IN B-PP
+a DT B-NP
+brief NN I-NP
+circulated VBD B-VP
+to TO B-PP
+his PRP$ B-NP
+Senate NNP I-NP
+colleagues NNS I-NP
+during IN B-PP
+closed-door JJ B-NP
+deliberations NNS I-NP
+. . O
+
+Among IN B-PP
+other JJ B-NP
+things NNS I-NP
+, , O
+the DT B-NP
+brief NN I-NP
+cited VBD B-VP
+insufficient JJ B-NP
+evidence NN I-NP
+. . O
+
+Sen. NNP B-NP
+Specter NNP I-NP
+was VBD B-VP
+vice NN B-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+impeachment NN I-NP
+trial NN I-NP
+committee NN I-NP
+that WDT B-NP
+heard VBD B-VP
+evidence NN B-NP
+in IN B-PP
+the DT B-NP
+Hastings NNP I-NP
+case NN I-NP
+last JJ B-NP
+summer NN I-NP
+. . O
+
+A DT B-NP
+former JJ I-NP
+prosecutor NN I-NP
+and CC I-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+Senate NNP I-NP
+Judiciary NNP I-NP
+Committee NNP I-NP
+, , O
+Sen. NNP B-NP
+Specter NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+exercise VB I-VP
+influence NN B-NP
+when WRB B-ADVP
+the DT B-NP
+Senate NNP I-NP
+votes NNS B-VP
+on IN B-PP
+the DT B-NP
+impeachment NN I-NP
+today NN B-NP
+. . O
+
+RICHMOND NNP B-NP
+RESIGNATIONS NNS I-NP
+: : O
+
+Six CD B-NP
+partners NNS I-NP
+in IN B-PP
+the DT B-NP
+Richmond NNP I-NP
+, , I-NP
+Va. NNP I-NP
+, , I-NP
+firm NN I-NP
+of IN B-PP
+Browder NNP B-NP
+, , I-NP
+Russell NNP I-NP
+, , I-NP
+Morris NNP I-NP
+& CC I-NP
+Butcher NNP I-NP
+announced VBD B-VP
+they PRP B-NP
+are VBP B-VP
+resigning VBG I-VP
+. . O
+
+Five CD B-NP
+of IN B-PP
+the DT B-NP
+partners NNS I-NP
+-- : O
+James NNP B-NP
+W. NNP I-NP
+Morris NNP I-NP
+, , O
+Philip NNP B-NP
+B. NNP I-NP
+Morris NNP I-NP
+, , O
+Robert NNP B-NP
+M. NNP I-NP
+White NNP I-NP
+, , O
+Ann NNP B-NP
+Adams NNP I-NP
+Webster NNP I-NP
+and CC O
+Jacqueline NNP B-NP
+G. NNP I-NP
+Epps NNP I-NP
+-- : O
+are VBP B-VP
+opening VBG I-VP
+a DT B-NP
+boutique NN I-NP
+in IN B-PP
+Richmond NNP B-NP
+to TO B-VP
+concentrate VB I-VP
+on IN B-PP
+corporate JJ B-NP
+defense NN I-NP
+litigation NN I-NP
+, , O
+particularly RB B-ADVP
+in IN B-PP
+product NN B-NP
+liability NN I-NP
+cases NNS I-NP
+. . O
+
+The DT B-NP
+sixth JJ I-NP
+partner NN I-NP
+, , O
+John NNP B-NP
+H. NNP I-NP
+OBrion NNP I-NP
+, , I-NP
+Jr. NNP I-NP
+, , O
+is VBZ B-VP
+joining VBG I-VP
+Cowan NNP B-NP
+& CC I-NP
+Owen NNP I-NP
+, , O
+a DT B-NP
+smaller JJR I-NP
+firm NN I-NP
+outside IN B-PP
+Richmond NNP B-NP
+. . O
+
+LAW NN B-NP
+FIRM NN I-NP
+NOTES NNS I-NP
+: : O
+
+Nixon NNP B-NP
+, , I-NP
+Hargrave NNP I-NP
+, , I-NP
+Devans NNP I-NP
+& CC I-NP
+Doyle NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Rochester NNP B-NP
+, , O
+N.Y. NNP B-NP
+, , O
+has VBZ B-VP
+opened VBN I-VP
+an DT B-NP
+office NN I-NP
+in IN B-PP
+Buffalo NNP B-NP
+, , O
+N.Y NNP B-NP
+... : O
+. . O
+
+Mayer NNP B-NP
+, , I-NP
+Brown NNP I-NP
+& CC I-NP
+Platt NNP I-NP
+, , O
+Chicago NNP B-NP
+, , O
+added VBD B-VP
+two CD B-NP
+partners NNS I-NP
+to TO B-PP
+its PRP$ B-NP
+Houston NNP I-NP
+office NN I-NP
+, , O
+Eddy NNP B-NP
+J. NNP I-NP
+Roger NNP I-NP
+Jr. NNP I-NP
+, , O
+and CC O
+Jeff NNP B-NP
+C. NNP I-NP
+Dodd NNP I-NP
+... : O
+. . O
+
+Copyright NN B-NP
+specialist NN I-NP
+Neil NNP I-NP
+Boorstyn NNP I-NP
+, , O
+who WP B-NP
+writes VBZ B-VP
+the DT B-NP
+monthly JJ I-NP
+Copyright NNP I-NP
+Law NNP I-NP
+Journal NNP I-NP
+newsletter NN I-NP
+, , O
+is VBZ B-VP
+joining VBG I-VP
+McCutchen NNP B-NP
+, , I-NP
+Doyle NNP I-NP
+, , I-NP
+Brown NNP I-NP
+& CC I-NP
+Enersen NNP I-NP
+. . O
+
+New NNP B-NP
+York NNP I-NP
+Times NNP I-NP
+Co. NNP I-NP
+'s POS B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+report NN I-NP
+is VBZ B-VP
+reinforcing VBG I-VP
+analysts NNS B-NP
+' POS B-NP
+belief NN I-NP
+that IN B-SBAR
+newspaper NN B-NP
+publishers NNS I-NP
+will MD B-VP
+be VB I-VP
+facing VBG I-VP
+continued VBN B-NP
+poor JJ I-NP
+earnings NNS I-NP
+comparisons NNS I-NP
+through IN B-PP
+1990 CD B-NP
+. . O
+
+The DT B-NP
+publisher NN I-NP
+was VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+register VB I-VP
+soaring VBG B-NP
+quarter NN I-NP
+net JJ I-NP
+income NN I-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+onetime JJ I-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+cable-TV NN I-NP
+system NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+operating VBG B-NP
+profit NN I-NP
+fell VBD B-VP
+35 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+16.4 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+decline NN I-NP
+reflected VBD B-VP
+the DT B-NP
+expense NN I-NP
+of IN B-PP
+buying VBG B-VP
+three CD B-NP
+magazines NNS I-NP
+, , O
+lower JJR B-NP
+earnings NNS I-NP
+from IN B-PP
+the DT B-NP
+forest-products NNS I-NP
+group VBP I-NP
+, , O
+and CC O
+what WP B-NP
+is VBZ B-VP
+proving VBG I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+nagging JJ I-NP
+major JJ I-NP
+problem NN I-NP
+, , O
+continued VBD B-NP
+declines NNS I-NP
+in IN B-PP
+advertising NN B-NP
+linage NN I-NP
+at IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Times NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+flagship NN I-NP
+daily JJ I-NP
+newspaper NN I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+American NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+Times NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+28.125 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+37.5 CD B-NP
+cents NNS I-NP
+. . O
+
+Analysts NNS B-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+troubles NNS I-NP
+mirror VBP B-VP
+those DT B-NP
+of IN B-PP
+the DT B-NP
+industry NN I-NP
+. . O
+
+Retail JJ B-NP
+advertising NN I-NP
+, , O
+which WDT B-NP
+often RB B-ADVP
+represents VBZ B-VP
+half NN B-NP
+of IN B-PP
+the DT B-NP
+advertising NN I-NP
+volume NN I-NP
+at IN B-PP
+most RBS B-NP
+daily JJ I-NP
+newspapers NNS I-NP
+, , O
+largely RB B-ADVP
+is VBZ B-VP
+n't RB I-VP
+rebounding VBG I-VP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+half NN I-NP
+from IN B-PP
+extended VBN B-NP
+doldrums NNS I-NP
+as IN B-SBAR
+expected VBN B-VP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+newspapers NNS B-NP
+are VBP B-VP
+bedeviled VBN I-VP
+by IN B-PP
+lagging VBG B-NP
+national JJ I-NP
+advertising NN I-NP
+, , O
+especially RB B-ADVP
+in IN B-PP
+its PRP$ B-NP
+financial JJ I-NP
+component NN I-NP
+. . O
+
+Dow NNP B-NP
+Jones NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+recently RB B-ADVP
+reported VBD B-VP
+net NN B-NP
+fell VBD B-VP
+9.9 CD B-NP
+% NN I-NP
+, , O
+a DT B-NP
+reflection NN I-NP
+, , O
+in IN B-PP
+part NN B-NP
+, , O
+of IN B-PP
+continued VBN B-NP
+softness NN I-NP
+in IN B-PP
+financial JJ B-NP
+advertising NN I-NP
+at IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+and CC O
+Barron NNP B-NP
+'s POS B-NP
+magazine NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+expect VBP B-VP
+next JJ B-NP
+year NN I-NP
+to TO B-VP
+be VB I-VP
+a DT B-NP
+fairly RB I-NP
+soft JJ I-NP
+year NN I-NP
+in IN B-PP
+newspaper-industry JJ B-NP
+advertising NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+John NNP B-NP
+Morton NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+for IN B-PP
+Lynch NNP B-NP
+, , I-NP
+Jones NNP I-NP
+& CC I-NP
+Ryan NNP I-NP
+. . O
+
+`` `` O
+Next JJ B-NP
+year NN I-NP
+, , O
+earnings NNS B-NP
+will MD B-VP
+hold VB I-VP
+steady JJ B-ADJP
+, , O
+but CC O
+we PRP B-NP
+just RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+see VB I-VP
+a DT B-NP
+big JJ I-NP
+turnaround NN I-NP
+in IN B-PP
+the DT B-NP
+trend NN I-NP
+in IN B-PP
+advertising NN B-NP
+. . O
+'' '' O
+
+John NNP B-NP
+S. NNP I-NP
+Reidy NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+for IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc. NNP I-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+The DT B-NP
+Times NNP I-NP
+faces VBZ B-VP
+the DT B-NP
+same JJ I-NP
+problem NN I-NP
+of IN B-PP
+other JJ B-NP
+publishers NNS I-NP
+: : O
+linage NN B-NP
+is VBZ B-VP
+down RB B-ADVP
+. . O
+
+It PRP B-NP
+will MD B-VP
+be VB I-VP
+hard JJ B-ADJP
+to TO B-VP
+do VB I-VP
+handstands NNS B-NP
+until IN B-SBAR
+real JJ B-NP
+linage NN I-NP
+starts VBZ B-VP
+heading VBG I-VP
+back RB B-ADVP
+up IN I-ADVP
+. . O
+'' '' O
+
+In IN B-PP
+the DT B-NP
+quarterly JJ I-NP
+report NN I-NP
+, , O
+Arthur NNP B-NP
+Ochs NNP I-NP
+Sulzberger NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+Times NNP I-NP
+Co. NNP I-NP
+chairman NN I-NP
+and CC I-NP
+chief JJ I-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+said VBD B-VP
+negative JJ B-NP
+factors NNS I-NP
+affecting VBG B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+will MD B-VP
+continue VB I-VP
+. . O
+
+Analysts NNS B-NP
+agreed VBD B-VP
+with IN B-PP
+company NN B-NP
+expectations NNS I-NP
+that IN B-SBAR
+operating VBG B-NP
+profit NN I-NP
+will MD B-VP
+be VB I-VP
+down RP B-ADVP
+this DT B-NP
+year NN I-NP
+and CC O
+in IN B-PP
+1990 CD B-NP
+. . O
+
+Mr. NNP B-NP
+Sulzberger NNP I-NP
+said VBD B-VP
+the DT B-NP
+scheduled VBN I-NP
+opening NN I-NP
+of IN B-PP
+a DT B-NP
+new JJ I-NP
+color-printing JJ I-NP
+plant NN I-NP
+in IN B-PP
+Edison NNP B-NP
+, , O
+N.J. NNP B-NP
+, , O
+in IN B-PP
+1990 CD B-NP
+would MD B-VP
+involve VB I-VP
+heavy JJ B-NP
+startup NN I-NP
+and CC I-NP
+depreciation NN I-NP
+costs NNS I-NP
+. . O
+
+`` `` O
+With IN B-PP
+the DT B-NP
+Edison NNP I-NP
+plant NN I-NP
+coming VBG B-VP
+on IN B-PP
+line NN B-NP
+next JJ B-NP
+summer NN I-NP
+, , O
+the DT B-NP
+Times NNP I-NP
+is VBZ B-VP
+facing VBG I-VP
+some DT B-NP
+tough JJ I-NP
+earnings NNS I-NP
+comparison NN I-NP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Peter NNP B-NP
+Appert NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+C.J. NNP B-NP
+Lawrence NNP I-NP
+, , I-NP
+Morgan NNP I-NP
+Grenfell NNP I-NP
+. . O
+
+`` `` O
+But CC O
+many JJ B-NP
+newspapers NNS I-NP
+are VBP B-VP
+facing VBG I-VP
+similar JJ B-NP
+comparisons NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+cable NN I-NP
+franchise NN I-NP
+brought VBD B-VP
+an DT B-NP
+after-tax JJ I-NP
+gain NN I-NP
+of IN B-PP
+$ $ B-NP
+193.3 CD I-NP
+million CD I-NP
+, , O
+part NN B-NP
+of IN B-PP
+which WDT B-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+reduce VB I-VP
+debt NN B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+has VBZ B-VP
+a DT B-NP
+stock-repurchase JJ I-NP
+plan NN I-NP
+. . O
+
+Analysts NNS B-NP
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+impressed VBN I-VP
+by IN B-PP
+the DT B-NP
+performance NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+newspaper NN I-NP
+group NN I-NP
+, , O
+which WDT B-NP
+consists VBZ B-VP
+of IN B-PP
+the DT B-NP
+Times NNP I-NP
+, , O
+35 CD B-NP
+regional JJ I-NP
+newspapers NNS I-NP
+and CC O
+a DT B-NP
+one-third NN I-NP
+interest NN I-NP
+in IN B-PP
+the DT B-NP
+International NNP I-NP
+Herald NNP I-NP
+Tribune NNP I-NP
+; : O
+group NN B-NP
+operating VBG I-NP
+profit NN I-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+increased VBN B-VP
+slightly RB B-ADVP
+to TO B-PP
+$ $ B-NP
+34.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+34.5 CD I-NP
+million CD I-NP
+on IN B-PP
+flat JJ B-NP
+revenue NN I-NP
+. . O
+
+Drexel NNP B-NP
+Burnham NNP I-NP
+'s POS B-NP
+Mr. NNP I-NP
+Reidy NNP I-NP
+pointed VBD B-VP
+out RP B-PRT
+that IN B-SBAR
+`` `` O
+profits NNS B-NP
+held VBN B-VP
+up IN B-PRT
+in IN B-PP
+a DT B-NP
+tough JJ I-NP
+revenue NN I-NP
+environment NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+a DT B-NP
+good JJ I-NP
+sign NN I-NP
+when WRB B-ADVP
+profits NNS B-NP
+are VBP B-VP
+stable JJ B-ADJP
+during IN B-PP
+a DT B-NP
+time NN I-NP
+revenue NN B-NP
+is VBZ B-VP
+in IN B-PP
+the DT B-NP
+trough NN I-NP
+. . O
+
+Investors NNS B-NP
+celebrated VBD B-VP
+the DT B-NP
+second JJ I-NP
+anniversary NN I-NP
+of IN B-PP
+Black NNP B-NP
+Monday NNP I-NP
+with IN B-PP
+a DT B-NP
+buying VBG I-NP
+spree NN I-NP
+in IN B-PP
+both DT B-NP
+stocks NNS I-NP
+and CC I-NP
+bonds NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+dollar NN I-NP
+was VBD B-VP
+mixed VBN B-ADJP
+. . O
+
+Stock NNP B-NP
+and CC I-NP
+bond NN I-NP
+investors NNS I-NP
+were VBD B-VP
+cheered VBN I-VP
+by IN B-PP
+last JJ B-NP
+month NN I-NP
+'s POS B-NP
+encouragingly RB B-ADJP
+low JJ I-ADJP
+inflation NN B-NP
+rate NN I-NP
+. . O
+
+This DT B-NP
+news NN I-NP
+raised VBN B-VP
+hopes VBZ B-NP
+for IN B-PP
+further JJ B-NP
+interest-rate NN I-NP
+cuts NNS I-NP
+. . O
+
+Treasury-bond JJ B-NP
+prices NNS I-NP
+immediately RB B-ADVP
+rallied VBD B-VP
+, , O
+setting VBG B-VP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+rolling VBG B-VP
+from IN B-PP
+the DT B-NP
+opening NN I-NP
+bell NN I-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+, , O
+up IN B-ADVP
+about IN B-NP
+60 CD I-NP
+points NNS I-NP
+in IN B-PP
+mid-afternoon JJ B-NP
+, , O
+finished VBD B-VP
+with IN B-PP
+a DT B-NP
+gain NN I-NP
+of IN B-PP
+39.55 CD B-NP
+points NNS I-NP
+, , O
+to TO B-PP
+2683.20 CD B-NP
+. . O
+
+That DT B-NP
+brought VBN B-VP
+the DT B-NP
+average NN I-NP
+'s POS B-NP
+cumulative JJ I-NP
+gain NN I-NP
+this DT B-NP
+week NN I-NP
+to TO B-PP
+about IN B-NP
+114 CD I-NP
+points NNS I-NP
+. . O
+
+Since IN B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+, , O
+the DT B-NP
+industrials NNS I-NP
+have VBP B-VP
+soared VBN I-VP
+more JJR B-NP
+than IN I-NP
+54 CD I-NP
+% NN I-NP
+, , O
+and CC O
+the DT B-NP
+widely RB I-NP
+watched VBN I-NP
+market NN I-NP
+barometer NN I-NP
+is VBZ B-VP
+about IN B-NP
+4 CD I-NP
+% NN I-NP
+below IN B-PP
+its PRP$ B-NP
+record NN I-NP
+high RB I-NP
+set VBD B-VP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+. . O
+
+The DT B-NP
+stock-market NN I-NP
+rally NN I-NP
+was VBD B-VP
+led VBN I-VP
+by IN B-PP
+blue-chip JJ B-NP
+issues NNS I-NP
+, , O
+but CC O
+, , O
+unlike IN B-PP
+Monday NNP B-NP
+'s POS B-NP
+rebound NN I-NP
+, , B-VP
+was VBD I-VP
+broadly RB B-ADJP
+based VBN I-ADJP
+. . O
+
+Indeed RB B-ADVP
+, , O
+over-the-counter JJ B-NP
+stocks NNS I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+technology NN B-NP
+issues NNS I-NP
+, , O
+outleaped VBD B-VP
+the DT B-NP
+industrial JJ I-NP
+average NN I-NP
+. . O
+
+The DT B-NP
+Nasdaq NNP I-NP
+Composite NNP I-NP
+Index NNP I-NP
+soared VBD B-VP
+7.52 CD B-NP
+, , O
+or CC O
+1.6 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+470.80 CD B-NP
+, , O
+its PRP$ B-NP
+highest JJS I-NP
+one-day JJ I-NP
+jump NN I-NP
+in IN B-PP
+points VBZ B-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+Many JJ B-NP
+takeover-related JJ I-NP
+stocks NNS I-NP
+rose VBD B-VP
+after IN B-PP
+news NN B-NP
+that IN B-SBAR
+a DT B-NP
+group NN I-NP
+obtained VBD B-VP
+financing NN B-NP
+commitments NNS I-NP
+for IN B-PP
+the DT B-NP
+proposed VBN I-NP
+buy-out NN I-NP
+of IN B-PP
+American NNP B-NP
+Medical NNP I-NP
+International NNP I-NP
+Inc NNP I-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+biggest JJS I-NP
+winners NNS I-NP
+were VBD B-VP
+brokerage-house NN B-NP
+stocks NNS I-NP
+, , O
+responding VBG B-VP
+to TO B-PP
+heavy JJ B-NP
+trading NN I-NP
+volume NN I-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+said VBD B-VP
+consumer NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+only RB B-NP
+0.2 CD I-NP
+% NN I-NP
+last JJ B-NP
+month NN I-NP
+. . O
+
+Economists NNS B-NP
+expected VBN B-VP
+twice RB B-NP
+as IN I-NP
+large JJ I-NP
+an DT I-NP
+increase NN I-NP
+. . O
+
+That DT B-NP
+news NN I-NP
+, , O
+plus CC B-PP
+recent JJ B-NP
+signs NNS I-NP
+of IN B-PP
+economic JJ B-NP
+sluggishness NN I-NP
+, , O
+greatly RB B-ADVP
+increases NNS B-VP
+pressure VBP B-NP
+on IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+to TO B-VP
+ease VB I-VP
+credit NN B-NP
+further RBR B-ADVP
+, , O
+which WDT B-NP
+in IN B-PP
+turn NN B-NP
+would MD B-VP
+be VB I-VP
+good JJ B-NP
+news NN I-NP
+for IN B-PP
+stocks NNS B-NP
+, , O
+investment NN B-NP
+managers NNS I-NP
+say VBP B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+see VBP B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+evidence NN B-NP
+indicating VBG B-VP
+a DT B-NP
+slower JJR I-NP
+economy NN I-NP
+, , O
+and CC O
+that DT B-NP
+means VBZ B-VP
+my PRP$ B-NP
+interest-rate NN I-NP
+outlook NN I-NP
+has VBZ B-VP
+a DT B-NP
+downward JJ I-NP
+tilt NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Garnett NNP B-NP
+L. NNP I-NP
+Keith NNP I-NP
+Jr. NNP I-NP
+, , O
+vice NN B-NP
+chairman NN I-NP
+of IN B-PP
+Prudential NNP B-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+of IN B-PP
+America NNP B-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+largest JJS I-NP
+institutional JJ I-NP
+investors NNS I-NP
+. . O
+
+Fed JJ B-NP
+officials NNS I-NP
+probably RB B-ADVP
+wo MD B-VP
+n't RB I-VP
+drive VB I-VP
+down RB B-ADVP
+rates VBZ B-NP
+immediately RB B-ADVP
+, , O
+Mr. NNP B-NP
+Keith NNP I-NP
+said VBD B-VP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+inflation NN I-NP
+news NN I-NP
+, , O
+several JJ B-NP
+Fed NNP I-NP
+officials NNS I-NP
+still JJ B-ADVP
+fear NN B-VP
+consumer-price JJ B-NP
+pressures NNS I-NP
+will MD B-VP
+intensify VB I-VP
+because IN B-SBAR
+they PRP B-NP
+insist VBP B-VP
+the DT B-NP
+economy NN I-NP
+is VBZ B-VP
+stronger JJR B-ADJP
+than IN B-SBAR
+generally RB B-ADVP
+believed VBD B-VP
+. . O
+
+But CC O
+Wall NNP B-NP
+Street NNP I-NP
+analysts NNS I-NP
+expect VBP B-VP
+further JJ B-NP
+signs NNS I-NP
+of IN B-PP
+economic JJ B-NP
+weakness NN I-NP
+in IN B-PP
+government NN B-NP
+reports NNS I-NP
+during IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+weeks NNS I-NP
+. . O
+
+If IN B-SBAR
+so RB B-ADVP
+, , O
+that WDT B-NP
+will MD B-VP
+cinch VB I-VP
+the DT B-NP
+case NN I-NP
+for IN B-PP
+another DT B-NP
+shot NN I-NP
+of IN B-PP
+credit-easing JJ B-NP
+within IN B-PP
+a DT B-NP
+month NN I-NP
+or CC I-NP
+so RB I-NP
+. . O
+
+That DT B-NP
+, , O
+in IN B-PP
+turn NN B-NP
+, , O
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+persuade VB I-VP
+banks NNS B-NP
+to TO B-VP
+cut VB I-VP
+their PRP$ B-NP
+prime JJ I-NP
+lending NN I-NP
+rate NN I-NP
+, , O
+a DT B-NP
+benchmark NN I-NP
+rate NN I-NP
+on IN B-PP
+many JJ B-NP
+corporate JJ I-NP
+and CC I-NP
+consumer NN I-NP
+loans NNS I-NP
+, , O
+by IN B-PP
+half PDT B-NP
+a DT I-NP
+percentage NN I-NP
+point NN I-NP
+, , O
+to TO B-PP
+10 CD B-NP
+% NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+not RB O
+out IN B-PP
+of IN B-PP
+the DT B-NP
+woods NNS I-NP
+yet RB B-ADVP
+by IN B-PP
+any DT B-NP
+means VBZ I-NP
+, , O
+'' '' O
+said VBD B-VP
+George NNP B-NP
+R. NNP I-NP
+Mateyo NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+of IN B-PP
+Carnegie NNP B-NP
+Capital NNP I-NP
+Management NNP I-NP
+Co. NNP I-NP
+, , O
+Cleveland NNP B-NP
+. . O
+
+But CC O
+the DT B-NP
+economy NN I-NP
+`` `` O
+is VBZ B-VP
+slowing VBG I-VP
+enough RB B-ADVP
+to TO B-VP
+give VB I-VP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+leeway NN B-NP
+to TO B-VP
+reduce VB I-VP
+interest NN B-NP
+rates NNS I-NP
+. . O
+'' '' O
+
+But CC O
+many JJ B-NP
+individual JJ I-NP
+investors NNS I-NP
+are VBP B-VP
+leery JJ B-ADJP
+about IN B-PP
+stocks NNS B-NP
+because IN B-PP
+of IN I-PP
+fresh JJ B-NP
+signs NNS I-NP
+of IN B-PP
+fragility NN B-NP
+in IN B-PP
+the DT B-NP
+huge JJ I-NP
+junk-bond NN I-NP
+market NN I-NP
+. . O
+
+Investors NNS B-NP
+also RB B-ADVP
+are VBP B-VP
+anxious JJ B-ADJP
+about IN B-PP
+today NN B-NP
+'s POS B-NP
+`` `` I-NP
+witching JJ I-NP
+hour NN I-NP
+, , O
+'' '' O
+the DT B-NP
+monthly JJ I-NP
+expiration NN I-NP
+of IN B-PP
+stock-index NN B-NP
+futures NNS I-NP
+and CC I-NP
+options NNS I-NP
+, , O
+and CC O
+options NNS B-NP
+on IN B-PP
+individual JJ B-NP
+stocks NNS I-NP
+. . O
+
+This DT B-NP
+phenomenon NN I-NP
+often RB B-ADVP
+makes VBZ B-VP
+stock NN B-NP
+prices NNS I-NP
+swing VBP B-VP
+wildly RB B-ADVP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+trading NN I-NP
+session NN I-NP
+. . O
+
+In IN B-PP
+major JJ B-NP
+market NN I-NP
+activity NN I-NP
+: : O
+Stock NNP B-NP
+prices NNS I-NP
+surged VBD B-VP
+in IN B-PP
+heavy JJ B-NP
+trading NN I-NP
+. . O
+
+Volume NN B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+rose VBD B-VP
+to TO B-PP
+198.1 CD B-NP
+million CD I-NP
+shares NNS I-NP
+from IN B-PP
+166.9 CD B-NP
+million CD I-NP
+Wednesday NNP B-NP
+. . O
+
+Gaining VBG B-NP
+Big NNP I-NP
+Board NNP I-NP
+issues NNS I-NP
+outnumbered VBD B-VP
+decliners NNS B-NP
+by IN B-PP
+1,235 CD B-NP
+to TO O
+355 CD B-NP
+. . O
+
+The DT B-NP
+dollar NN I-NP
+was VBD B-VP
+mixed VBN B-ADJP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+late JJ B-NP
+yesterday NN I-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+at IN B-PP
+141.70 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+141.45 CD B-NP
+yen NN I-NP
+late JJ B-NP
+Wednesday NNP I-NP
+. . O
+
+But CC O
+it PRP B-NP
+fell VBD B-VP
+to TO B-PP
+1.8470 CD B-NP
+marks NNS I-NP
+from IN B-PP
+1.8485 CD B-NP
+. . O
+
+Tuesday NNP B-NP
+'s POS B-NP
+rout NN I-NP
+of IN B-PP
+a DT B-NP
+GOP NNP I-NP
+congressional JJ I-NP
+hopeful NN I-NP
+in IN B-PP
+a DT B-NP
+Mississippi NNP I-NP
+district NN I-NP
+that WDT B-NP
+has VBZ B-VP
+n't RB I-VP
+backed VBN I-VP
+a DT B-NP
+Democratic JJ I-NP
+presidential JJ I-NP
+candidate NN I-NP
+since IN B-PP
+Adlai NNP B-NP
+Stevenson NNP I-NP
+is VBZ B-VP
+another DT B-NP
+reminder NN I-NP
+that IN B-SBAR
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+at IN B-PP
+the DT B-NP
+federal JJ I-NP
+level NN I-NP
+, , O
+political JJ B-NP
+`` `` I-NP
+ticket NN I-NP
+splitting NN I-NP
+'' '' O
+has VBZ B-VP
+been VBN I-VP
+on IN B-PP
+the DT B-NP
+rise NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+half NN I-NP
+century NN I-NP
+. . O
+
+In IN B-PP
+only RB B-NP
+one CD I-NP
+presidential JJ I-NP
+election NN I-NP
+year NN I-NP
+prior RB B-ADVP
+to TO B-PP
+1948 CD B-NP
+did VBD O
+more JJR B-NP
+than IN I-NP
+20 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+congressional JJ I-NP
+districts NNS I-NP
+choose VBP B-VP
+a DT B-NP
+different JJ I-NP
+party NN I-NP
+'s POS B-NP
+candidate NN I-NP
+for IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+than IN B-PP
+for IN B-PP
+the DT B-NP
+House NNP I-NP
+of IN B-PP
+Representatives NNPS B-NP
+. . O
+
+Now RB B-ADVP
+that DT B-NP
+percentage NN I-NP
+routinely RB B-VP
+equals VBZ I-VP
+a DT B-NP
+third JJ I-NP
+and CC O
+twice RB B-VP
+has VBZ I-VP
+been VBN I-VP
+above IN B-PP
+40 CD B-NP
+% NN I-NP
+. . O
+
+As IN B-SBAR
+we PRP B-NP
+know VBP B-VP
+, , O
+voters NNS B-NP
+tend VBP B-VP
+to TO I-VP
+favor VB I-VP
+Republicans NNPS B-NP
+more JJR B-ADVP
+in IN B-PP
+races NNS B-NP
+for IN B-PP
+president NN B-NP
+than IN B-PP
+in IN B-PP
+those DT B-NP
+for IN B-PP
+Congress NNP B-NP
+. . O
+
+In IN B-PP
+every DT B-NP
+presidential JJ I-NP
+election NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+half NN I-NP
+century NN I-NP
+, , O
+except IN B-PP
+for IN B-PP
+the DT B-NP
+Goldwater NNP I-NP
+presidential JJ I-NP
+candidacy NN I-NP
+, , O
+the DT B-NP
+GOP NNP I-NP
+has VBZ B-VP
+captured VBN I-VP
+a DT B-NP
+greater JJR I-NP
+percentage NN I-NP
+of IN B-PP
+the DT B-NP
+major-party JJ I-NP
+popular JJ I-NP
+vote NN I-NP
+for IN B-PP
+president NN B-NP
+than IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+of IN B-PP
+congressional JJ B-NP
+seats NNS I-NP
+or CC O
+the DT B-NP
+popular JJ I-NP
+vote NN I-NP
+for IN B-PP
+Congress NNP B-NP
+. . O
+
+Prior RB B-ADVP
+to TO B-PP
+1932 CD B-NP
+, , O
+the DT B-NP
+pattern NN I-NP
+was VBD B-VP
+nearly RB B-ADVP
+the DT B-NP
+opposite NN I-NP
+. . O
+
+What WP B-NP
+accounts VBZ B-VP
+for IN B-PP
+the DT B-NP
+results NNS I-NP
+of IN B-PP
+recent JJ B-NP
+decades NNS I-NP
+? . O
+
+A DT B-NP
+simple JJ I-NP
+economic JJ I-NP
+theory NN I-NP
+may MD B-VP
+provide VB I-VP
+at IN B-ADVP
+least JJS I-ADVP
+a DT B-NP
+partial JJ I-NP
+explanation NN I-NP
+for IN B-PP
+the DT B-NP
+split NN I-NP
+personality NN I-NP
+displayed VBN B-VP
+by IN B-PP
+Americans NNPS B-NP
+in IN B-PP
+the DT B-NP
+voting NN I-NP
+booth NN I-NP
+. . O
+
+The DT B-NP
+theory NN I-NP
+relies VBZ B-VP
+on IN B-PP
+three CD B-NP
+assumptions NNS I-NP
+: : O
+
+1 CD B-LST
+-RRB- ) O
+Voters NNS B-NP
+can MD B-VP
+`` `` I-VP
+buy VB I-VP
+'' '' O
+one CD B-NP
+of IN B-PP
+two CD B-NP
+brands NNS I-NP
+when WRB B-ADVP
+they PRP B-NP
+select VBP B-VP
+their PRP$ B-NP
+political JJ I-NP
+agents NNS I-NP
+-- : O
+a DT B-NP
+Republican NNP I-NP
+brand NN I-NP
+that WDT B-NP
+believes VBZ B-VP
+in IN B-PP
+the DT B-NP
+minimalist JJ I-NP
+state NN I-NP
+and CC B-PP
+in IN B-PP
+the DT B-NP
+virtues NNS I-NP
+of IN B-PP
+private JJ B-NP
+markets NNS I-NP
+over IN B-PP
+the DT B-NP
+vices NNS I-NP
+of IN B-PP
+public JJ B-NP
+action NN I-NP
+, , O
+and CC O
+a DT B-NP
+Democratic JJ I-NP
+brand NN I-NP
+that WDT B-NP
+believes VBZ B-VP
+in IN B-PP
+big JJ B-NP
+government NN I-NP
+and CC B-PP
+in IN B-PP
+public JJ B-NP
+intervention NN I-NP
+to TO B-VP
+remedy VB I-VP
+the DT B-NP
+excesses NNS I-NP
+attendant NN B-ADJP
+to TO B-PP
+the DT B-NP
+pursuit NN I-NP
+of IN B-PP
+private JJ B-NP
+interest NN I-NP
+. . O
+
+2 CD B-LST
+-RRB- ) O
+Congressional NNP B-NP
+representatives NNS I-NP
+have VBP B-VP
+two CD B-NP
+basic JJ I-NP
+responsibilities NNS I-NP
+while IN B-SBAR
+voting NN B-VP
+in IN B-PP
+office NN B-NP
+-- : O
+dealing VBG B-VP
+with IN B-PP
+national JJ B-NP
+issues NNS I-NP
+-LRB- ( O
+programmatic JJ B-NP
+actions NNS I-NP
+such JJ B-PP
+as IN I-PP
+casting VBG B-VP
+roll NN B-NP
+call NN I-NP
+votes NNS I-NP
+on IN B-PP
+legislation NN B-NP
+that WDT B-NP
+imposes VBZ B-VP
+costs NNS B-NP
+and\/or NN O
+confers VBZ B-VP
+benefits NNS B-NP
+on IN B-PP
+the DT B-NP
+population NN I-NP
+at IN B-PP
+large JJ B-ADJP
+-RRB- ) O
+and CC O
+attending VBG B-VP
+to TO B-PP
+local JJ B-NP
+issues NNS I-NP
+-LRB- ( O
+constituency NN B-NP
+service NN I-NP
+and CC O
+pork NN B-NP
+barrel NN I-NP
+-RRB- ) O
+. . O
+
+3 CD B-LST
+-RRB- ) O
+Republican NNP B-NP
+congressional JJ I-NP
+representatives NNS I-NP
+, , O
+because IN B-PP
+of IN I-PP
+their PRP$ B-NP
+belief NN I-NP
+in IN B-PP
+a DT B-NP
+minimalist JJ I-NP
+state NN I-NP
+, , O
+are VBP B-VP
+less RBR B-ADJP
+willing JJ I-ADJP
+to TO B-VP
+engage VB I-VP
+in IN B-PP
+local JJ B-NP
+benefit-seeking NN I-NP
+than IN B-SBAR
+are VBP O
+Democratic JJ B-NP
+members NNS I-NP
+of IN B-PP
+Congress NNP B-NP
+. . O
+
+If IN B-SBAR
+these DT B-NP
+assumptions NNS I-NP
+hold VBP B-VP
+, , O
+voters NNS B-NP
+in IN B-PP
+races NNS B-NP
+for IN B-PP
+Congress NNP B-NP
+face NN B-VP
+what WP B-NP
+in IN B-PP
+economic JJ B-NP
+theory NN I-NP
+is VBZ B-VP
+called VBN I-VP
+a DT B-NP
+prisoner NN I-NP
+'s POS B-NP
+dilemma NN I-NP
+and CC O
+have VBP B-VP
+an DT B-NP
+incentive NN I-NP
+, , O
+at IN B-PP
+the DT B-NP
+margin NN I-NP
+, , O
+to TO B-VP
+lean VB I-VP
+Democratic JJ B-NP
+. . O
+
+If IN B-SBAR
+they PRP B-NP
+put VBP B-VP
+a DT B-NP
+Republican NNP I-NP
+into IN B-PP
+office NN B-NP
+, , O
+not RB B-CONJP
+only RB I-CONJP
+will MD O
+they PRP B-NP
+acquire VB B-VP
+less JJR B-NP
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+local JJ B-NP
+benefits NNS I-NP
+but CC O
+their PRP$ B-NP
+selected VBN I-NP
+legislator NN I-NP
+will MD B-VP
+be VB I-VP
+relatively RB B-ADJP
+powerless JJ I-ADJP
+to TO B-VP
+prevent VB I-VP
+other JJ B-NP
+legislators NNS I-NP
+from IN B-PP
+`` `` O
+bringing VBG B-VP
+home NN B-ADVP
+the DT B-NP
+bacon NN I-NP
+'' '' O
+to TO B-PP
+their PRP$ B-NP
+respective JJ I-NP
+constituencies NNS I-NP
+. . O
+
+Each DT B-NP
+legislator NN I-NP
+, , O
+after IN B-PP
+all DT B-NP
+, , O
+is VBZ B-VP
+only RB B-NP
+one CD I-NP
+out IN B-PP
+of IN B-PP
+535 CD B-NP
+when WRB B-ADVP
+it PRP B-NP
+comes VBZ B-VP
+to TO B-PP
+national JJ B-NP
+policy NN I-NP
+making VBG I-NP
+. . O
+
+In IN B-PP
+races NNS B-NP
+for IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+, , O
+a DT B-NP
+voter NN I-NP
+'s POS B-NP
+incentive NN I-NP
+, , O
+at IN B-PP
+the DT B-NP
+margin NN I-NP
+, , O
+is VBZ B-VP
+to TO B-VP
+lean VB I-VP
+Republican NNP B-NP
+. . O
+
+Although IN B-SBAR
+a DT B-NP
+GOP NNP I-NP
+president NN I-NP
+may MD B-VP
+limit VB I-VP
+local JJ B-NP
+benefits NNS I-NP
+to TO B-PP
+the DT B-NP
+voter NN I-NP
+'s POS B-NP
+particular JJ I-NP
+district\/state NN I-NP
+, , O
+such JJ B-NP
+a DT I-NP
+president NN I-NP
+is VBZ B-VP
+also RB B-ADVP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+more RBR B-ADJP
+effective JJ I-ADJP
+at IN B-PP
+preventing VBG B-VP
+other JJ B-NP
+districts\/states NNS I-NP
+and CC O
+their PRP$ B-NP
+legislators NNS I-NP
+from IN B-PP
+bringing VBG B-VP
+home NN B-ADVP
+the DT B-NP
+local JJ I-NP
+benefits NNS I-NP
+. . O
+
+The DT B-NP
+individual JJ I-NP
+voter NN I-NP
+'s POS I-NP
+standing VBG B-NP
+consequently RB B-ADVP
+will MD B-VP
+be VB I-VP
+enhanced VBN I-VP
+through IN B-PP
+lower JJR B-NP
+taxes NNS I-NP
+. . O
+
+While IN B-SBAR
+this DT B-NP
+theory NN I-NP
+is VBZ B-VP
+exceedingly RB B-ADJP
+simple JJ I-ADJP
+, , O
+it PRP B-NP
+appears VBZ B-VP
+to TO I-VP
+explain VB I-VP
+several JJ B-NP
+things NNS I-NP
+. . O
+
+First RB B-ADVP
+, , O
+why WRB B-ADVP
+ticket NN B-NP
+splitting NN I-NP
+has VBZ B-VP
+increased VBN I-VP
+and CC O
+taken VBN B-VP
+the DT B-NP
+peculiar JJ I-NP
+pattern NN I-NP
+that IN B-NP
+it PRP B-NP
+has VBZ B-VP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+half NN I-NP
+century NN I-NP
+: : O
+Prior RB B-ADVP
+to TO B-PP
+the DT B-NP
+election NN I-NP
+of IN B-PP
+Franklin NNP B-NP
+Roosevelt NNP I-NP
+as IN B-PP
+president NN B-NP
+and CC O
+the DT B-NP
+advent NN I-NP
+of IN B-PP
+the DT B-NP
+New NNP I-NP
+Deal NNP I-NP
+, , O
+government NN B-NP
+occupied VBD B-VP
+a DT B-NP
+much RB I-NP
+smaller JJR I-NP
+role NN I-NP
+in IN B-PP
+society NN B-NP
+and CC O
+the DT B-NP
+prisoner NN I-NP
+'s POS B-NP
+dilemma NN I-NP
+problem NN I-NP
+confronting VBG B-VP
+voters NNS B-NP
+in IN B-PP
+races NNS B-NP
+for IN B-PP
+Congress NNP B-NP
+was VBD B-VP
+considerably RB B-ADJP
+less RBR I-ADJP
+severe JJ I-ADJP
+. . O
+
+Second JJ B-ADVP
+, , O
+it PRP B-NP
+explains VBZ B-VP
+why WRB B-ADVP
+voters NNS B-NP
+hold VBP B-VP
+Congress NNP B-NP
+in IN B-PP
+disdain NN B-NP
+but CC O
+generally RB B-VP
+love VBP I-VP
+their PRP$ B-NP
+own JJ I-NP
+congressional JJ I-NP
+representatives NNS I-NP
+: : O
+Any DT B-NP
+individual JJ I-NP
+legislator NN I-NP
+'s POS B-NP
+constituents NNS I-NP
+appreciate VBP B-VP
+the DT B-NP
+specific JJ I-NP
+benefits NNS I-NP
+that IN B-NP
+the DT B-NP
+legislator NN I-NP
+wins VBZ B-VP
+for IN B-PP
+them PRP B-NP
+but CC B-NP
+not RB I-NP
+the DT B-NP
+overall JJ I-NP
+cost NN I-NP
+associated VBN B-VP
+with IN B-PP
+every DT B-NP
+other JJ I-NP
+legislator NN I-NP
+doing VBG B-VP
+likewise RB B-ADVP
+for IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+constituency NN I-NP
+. . O
+
+Third NNP B-ADVP
+, , O
+the DT B-NP
+theory NN I-NP
+suggests VBZ B-VP
+why WRB B-ADVP
+legislators NNS B-NP
+who WP B-NP
+pay VBP B-VP
+too RB B-NP
+much JJ I-NP
+attention NN I-NP
+to TO B-PP
+national JJ B-NP
+policy NN I-NP
+making VBG I-NP
+relative JJ B-ADVP
+to TO B-PP
+local JJ B-NP
+benefit-seeking NN I-NP
+have VBP B-VP
+lower JJR B-NP
+security NN I-NP
+in IN B-PP
+office NN B-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+first-term JJ B-NP
+members NNS I-NP
+of IN B-PP
+the DT B-NP
+House NNP I-NP
+, , O
+once RB B-ADVP
+the DT B-NP
+most RBS I-NP
+vulnerable JJ I-NP
+of IN B-PP
+incumbents NNS B-NP
+, , O
+have VBP B-VP
+become VBN I-VP
+virtually RB B-ADJP
+immune JJ I-ADJP
+to TO B-PP
+defeat VB B-NP
+. . O
+
+The DT B-NP
+one CD I-NP
+exception NN I-NP
+to TO B-PP
+this DT B-NP
+recent JJ I-NP
+trend NN I-NP
+was VBD B-VP
+the DT B-NP
+defeat NN I-NP
+of IN B-PP
+13 CD B-NP
+of IN B-PP
+the DT B-NP
+52 CD I-NP
+freshman NN I-NP
+Republicans NNPS I-NP
+brought VBN B-VP
+into IN B-PP
+office NN B-NP
+in IN B-PP
+1980 CD B-NP
+by IN B-PP
+the DT B-NP
+Reagan NNP I-NP
+revolution NN I-NP
+and CC O
+running VBG B-VP
+for IN B-PP
+re-election NN B-NP
+in IN B-PP
+1982 CD B-NP
+. . O
+
+Because IN B-SBAR
+these DT B-NP
+freshmen NNS I-NP
+placed VBN B-VP
+far RB B-NP
+more JJR I-NP
+emphasis NN I-NP
+on IN B-PP
+their PRP$ B-NP
+partisan JJ I-NP
+role NN I-NP
+-- : O
+spreading VBG B-VP
+the DT B-NP
+Reagan NNP I-NP
+revolution NN I-NP
+-- : O
+in IN B-PP
+national JJ B-NP
+policy NN I-NP
+making VBG I-NP
+, , O
+they PRP B-NP
+were VBD B-VP
+more RBR B-ADJP
+vulnerable JJ I-ADJP
+to TO B-PP
+defeat VB B-NP
+. . O
+
+Fourth NNP B-ADVP
+, , O
+the DT B-NP
+theory NN I-NP
+indicates VBZ B-VP
+why WRB B-ADVP
+the DT B-NP
+Republican NNP I-NP
+Party NNP I-NP
+may MD B-VP
+have VB I-VP
+a DT B-NP
+difficult JJ I-NP
+time NN I-NP
+attracting VBG B-VP
+viable JJ B-NP
+candidates NNS I-NP
+for IN B-PP
+congressional JJ B-NP
+office NN I-NP
+. . O
+
+Potential JJ B-NP
+candidates NNS I-NP
+may MD B-VP
+be VB I-VP
+discouraged VBN I-VP
+from IN B-PP
+running VBG B-VP
+less JJR B-ADVP
+by IN B-PP
+the DT B-NP
+congressional JJ I-NP
+salary NN I-NP
+than IN B-PP
+by IN B-PP
+the DT B-NP
+prospect NN I-NP
+of IN B-PP
+defeat NN B-NP
+at IN B-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+a DT B-NP
+Democratic JJ I-NP
+opponent NN I-NP
+. . O
+
+To TO B-PP
+the DT B-NP
+extent NN I-NP
+that IN B-SBAR
+potential JJ B-NP
+Republican NNP I-NP
+candidates NNS I-NP
+and CC O
+their PRP$ B-NP
+financial JJ I-NP
+backers NNS I-NP
+realize VBP B-VP
+that IN B-SBAR
+the DT B-NP
+congressional JJ I-NP
+prisoner NN I-NP
+'s POS B-NP
+dilemma NN I-NP
+game NN I-NP
+works NNS B-VP
+to TO B-PP
+their PRP$ B-NP
+disadvantage NN I-NP
+, , O
+the DT B-NP
+Republican NNP I-NP
+Party NNP I-NP
+will MD B-VP
+be VB I-VP
+hindered VBN I-VP
+in IN B-PP
+its PRP$ B-NP
+attempts NNS I-NP
+to TO B-VP
+field VB I-VP
+a DT B-NP
+competitive JJ I-NP
+slate NN I-NP
+of IN B-PP
+congressional JJ B-NP
+candidates NNS I-NP
+. . O
+
+Fifth NNP B-ADVP
+, , O
+the DT B-NP
+theory NN I-NP
+may MD B-VP
+provide VB I-VP
+at IN B-ADVP
+least JJS I-ADVP
+a DT B-NP
+partial JJ I-NP
+reason NN I-NP
+for IN B-PP
+why WRB B-ADVP
+ticket NN B-NP
+splitting NN I-NP
+has VBZ B-VP
+been VBN I-VP
+particularly RB I-VP
+pronounced VBN I-VP
+in IN B-PP
+the DT B-NP
+South NNP I-NP
+. . O
+
+To TO B-PP
+the DT B-NP
+extent NN I-NP
+that IN B-SBAR
+Democratic JJ B-NP
+legislators NNS I-NP
+from IN B-PP
+the DT B-NP
+South NNP I-NP
+have VBP B-VP
+held VBN I-VP
+a DT B-NP
+disproportionate JJ I-NP
+share NN I-NP
+of IN B-PP
+power NN B-NP
+in IN B-PP
+Congress NNP B-NP
+since IN B-PP
+1932 CD B-NP
+and CC O
+have VBP B-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+translate VB I-VP
+such JJ B-NP
+clout NN I-NP
+into IN B-PP
+relatively RB B-NP
+more RBR I-NP
+local JJ I-NP
+benefits NNS I-NP
+for IN B-PP
+their PRP$ B-NP
+respective JJ I-NP
+constituencies NNS I-NP
+, , O
+voters NNS B-NP
+in IN B-PP
+the DT B-NP
+South NNP I-NP
+have VBP B-VP
+had VBN I-VP
+an DT B-NP
+especially RB I-NP
+strong JJ I-NP
+incentive NN I-NP
+to TO B-VP
+keep VB I-VP
+such JJ B-NP
+Democrats NNPS I-NP
+in IN B-PP
+office NN B-NP
+. . O
+
+Finally RB B-ADVP
+, , O
+the DT B-NP
+theory NN I-NP
+suggests VBZ B-VP
+why WRB B-ADVP
+Republicans NNPS B-NP
+generally RB B-ADVP
+have VBP B-VP
+fared VBN I-VP
+better JJR B-ADVP
+in IN B-PP
+Senate NNP B-NP
+races NNS I-NP
+than IN B-PP
+in IN B-PP
+campaigns NNS B-NP
+for IN B-PP
+the DT B-NP
+House NNP I-NP
+. . O
+
+Since IN B-SBAR
+local JJ B-NP
+benefit-seeking NN I-NP
+matters NNS B-VP
+more JJR B-ADVP
+and CC O
+national JJ B-NP
+policy NN I-NP
+making VBG I-NP
+matters NNS B-VP
+less JJR B-ADVP
+in IN B-PP
+the DT B-NP
+lower JJR I-NP
+chamber NN I-NP
+of IN B-PP
+Congress NNP B-NP
+, , O
+this DT B-NP
+is VBZ B-VP
+precisely RB B-ADVP
+the DT B-NP
+pattern NN I-NP
+one PRP B-NP
+would MD B-VP
+expect VB I-VP
+if IN B-SBAR
+Republicans NNPS B-NP
+are VBP B-VP
+less RBR B-ADJP
+willing JJ I-ADJP
+to TO B-VP
+engage VB I-VP
+in IN B-PP
+local JJ B-NP
+benefit-seeking NN I-NP
+than IN B-PP
+their PRP$ B-NP
+Democratic JJ I-NP
+counterparts NNS I-NP
+. . O
+
+Is VBZ O
+there EX B-NP
+any DT B-NP
+empirical JJ I-NP
+support NN I-NP
+for IN B-PP
+this DT B-NP
+theory NN I-NP
+? . O
+
+Three CD B-NP
+pieces NNS I-NP
+of IN B-PP
+evidence NN B-NP
+corroborate VB B-VP
+the DT B-NP
+key JJ I-NP
+assumption NN I-NP
+that IN B-SBAR
+Democratic JJ B-NP
+legislators NNS I-NP
+are VBP B-VP
+more RBR B-ADJP
+willing JJ I-ADJP
+to TO B-VP
+engage VB I-VP
+in IN B-PP
+local JJ B-NP
+benefit-seeking NN I-NP
+than IN B-PP
+their PRP$ B-NP
+Republican NNP I-NP
+colleagues NNS I-NP
+. . O
+
+First RB B-ADVP
+, , O
+economists NNS B-NP
+James NNP I-NP
+Bennett NNP I-NP
+and CC I-NP
+Thomas NNP I-NP
+DiLorenzo NNP I-NP
+find VB B-VP
+that IN B-SBAR
+GOP NNP B-NP
+senators NNS I-NP
+turn VBP B-VP
+back RB B-PRT
+roughly RB B-NP
+10 CD I-NP
+% NN I-NP
+more JJR B-NP
+of IN B-PP
+their PRP$ B-NP
+allocated VBN I-NP
+personal JJ I-NP
+staff NN I-NP
+budgets NNS I-NP
+than IN B-SBAR
+Democrats NNPS B-NP
+do VBP B-VP
+. . O
+
+To TO B-PP
+the DT B-NP
+extent NN I-NP
+that IN B-SBAR
+the DT B-NP
+primary JJ I-NP
+duty NN I-NP
+of IN B-PP
+personal JJ B-NP
+staff NN I-NP
+involves VBZ B-VP
+local JJ B-NP
+benefit-seeking NN I-NP
+, , O
+this DT B-NP
+indicates VBZ B-VP
+that IN B-SBAR
+political JJ B-NP
+philosophy NN I-NP
+leads VBZ B-VP
+congressional JJ B-NP
+Republicans NNPS I-NP
+to TO B-VP
+pay VB I-VP
+less JJR B-NP
+attention NN I-NP
+to TO B-PP
+narrow VB B-NP
+constituent NN I-NP
+concerns NNS I-NP
+. . O
+
+Second JJ B-ADVP
+, , O
+if IN B-SBAR
+the DT B-NP
+key JJ I-NP
+assumption NN I-NP
+is VBZ B-VP
+valid JJ B-ADJP
+, , O
+Democrats NNPS B-NP
+should MD B-VP
+have VB I-VP
+lower JJR B-NP
+attendance NN I-NP
+rates NNS I-NP
+on IN B-PP
+roll-call JJ B-NP
+votes NNS I-NP
+than IN B-SBAR
+Republicans NNPS B-NP
+do VBP B-VP
+to TO B-PP
+the DT B-NP
+extent NN I-NP
+that IN B-SBAR
+such JJ B-NP
+votes NNS I-NP
+reflect VBP B-VP
+national JJ B-NP
+policy NN I-NP
+making VBG I-NP
+and CC O
+that IN B-SBAR
+participating VBG B-VP
+in IN B-PP
+such JJ B-NP
+votes NNS I-NP
+takes VBZ B-VP
+away RB B-PRT
+from IN B-PP
+the DT B-NP
+time NN I-NP
+a DT B-NP
+legislator NN I-NP
+could MD B-VP
+otherwise RB I-VP
+devote VB I-VP
+to TO B-PP
+local JJ B-NP
+benefit-seeking NN I-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+indeed RB B-ADVP
+what WP B-NP
+the DT B-NP
+data NNS I-NP
+indicate VBP B-VP
+, , O
+particularly RB B-ADVP
+in IN B-PP
+the DT B-NP
+case NN I-NP
+of IN B-PP
+the DT B-NP
+House NNP I-NP
+. . O
+
+The DT B-NP
+Democratic NNP I-NP
+House NNP I-NP
+attendance NN I-NP
+rate NN I-NP
+has VBZ B-VP
+not RB I-VP
+exceeded VBN I-VP
+the DT B-NP
+Republican NNP I-NP
+House NNP I-NP
+attendance NN I-NP
+rate NN I-NP
+since IN B-PP
+1959 CD B-NP
+. . O
+
+Finally RB B-ADVP
+, , O
+as IN B-SBAR
+shown VBN B-VP
+in IN B-PP
+the DT B-NP
+table NN I-NP
+, , O
+Democrats NNPS B-NP
+allocate VBP B-VP
+a DT B-NP
+higher JJR I-NP
+proportion NN I-NP
+of IN B-PP
+their PRP$ B-NP
+personal JJ I-NP
+staffs NNS I-NP
+to TO B-PP
+district NN B-NP
+offices NNS I-NP
+-- : O
+where WRB B-ADVP
+local JJ B-NP
+benefit-seeking NN I-NP
+duties NNS I-NP
+matter VBP B-VP
+more JJR B-ADVP
+and CC O
+national JJ B-NP
+policy NN I-NP
+making VBG I-NP
+activities NNS I-NP
+matter VBP B-VP
+less RBR B-ADVP
+relative JJ B-ADVP
+to TO B-PP
+Washington NNP B-NP
+offices NNS I-NP
+. . O
+
+An DT B-NP
+examination NN I-NP
+of IN B-PP
+changes NNS B-NP
+in IN B-PP
+personal JJ B-NP
+staffing NN I-NP
+decisions NNS I-NP
+in IN B-PP
+the DT B-NP
+Senate NNP I-NP
+between IN B-PP
+1986 CD B-NP
+and CC I-NP
+1987 CD I-NP
+-LRB- ( O
+when WRB B-ADVP
+control NN B-NP
+of IN B-PP
+that DT B-NP
+body NN I-NP
+changed VBD B-VP
+party NN B-NP
+hands NNS I-NP
+-RRB- ) O
+, , O
+moreover RB B-ADVP
+, , O
+reveals VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+personal JJ I-NP
+staffing NN I-NP
+differences NNS I-NP
+noted VBD B-VP
+in IN B-PP
+the DT B-NP
+table NN I-NP
+can MD B-VP
+not RB I-VP
+be VB I-VP
+attributed VBN I-VP
+to TO B-PP
+the DT B-NP
+disproportionate JJ I-NP
+control NN I-NP
+Democrats NNPS B-NP
+exercise NN B-VP
+, , O
+due JJ B-PP
+to TO I-PP
+their PRP$ B-NP
+majority-party JJ I-NP
+status NN I-NP
+, , O
+over IN B-PP
+other JJ B-NP
+resources NNS I-NP
+such JJ B-PP
+as IN I-PP
+committee NN B-NP
+staff NN I-NP
+. . O
+
+An DT B-NP
+additional JJ I-NP
+piece NN I-NP
+of IN B-PP
+evidence NN B-NP
+from IN B-PP
+the DT B-NP
+Senate NNP I-NP
+: : O
+Holding NNP B-VP
+other JJ B-NP
+factors NNS I-NP
+constant JJ B-ADJP
+, , O
+such JJ B-PP
+as IN I-PP
+incumbency NN B-NP
+advantages NNS I-NP
+and CC O
+regional JJ B-NP
+factors NNS I-NP
+, , O
+the DT B-NP
+difference NN I-NP
+between IN B-PP
+popular JJ B-NP
+votes NNS I-NP
+for IN B-PP
+Republican NNP B-NP
+presidential JJ I-NP
+and CC I-NP
+senatorial JJ I-NP
+candidates NNS I-NP
+in IN B-PP
+states NNS B-NP
+conducting VBG B-VP
+a DT B-NP
+Senate NNP I-NP
+election NN I-NP
+turns VBZ B-VP
+out IN B-PRT
+to TO B-VP
+be VB I-VP
+a DT B-NP
+positive JJ I-NP
+function NN I-NP
+of IN B-PP
+how WRB B-ADJP
+onerous JJ I-ADJP
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+'s POS B-NP
+tax NN I-NP
+burden NN I-NP
+is VBZ B-VP
+per IN B-PP
+state NN B-NP
+-LRB- ( O
+a DT B-NP
+progressive JJ I-NP
+tax NN I-NP
+rate NN I-NP
+hits VBZ B-VP
+higher-income JJ B-NP
+states NNS I-NP
+harder JJR B-ADVP
+-RRB- ) O
+. . O
+
+Put VB B-VP
+more RBR B-ADVP
+simply RB I-ADVP
+, , O
+GOP NNP B-NP
+candidates NNS I-NP
+for IN B-PP
+president NN B-NP
+are VBP B-VP
+looked VBN I-VP
+on IN B-PP
+more RBR B-ADVP
+kindly RB I-ADVP
+by IN B-PP
+voters NNS B-NP
+than IN B-PP
+Republican NNP B-NP
+candidates NNS I-NP
+for IN B-PP
+the DT B-NP
+Senate NNP I-NP
+when WRB B-ADVP
+the DT B-NP
+prisoner NN I-NP
+'s POS B-NP
+dilemma NN I-NP
+is VBZ B-VP
+more RBR B-ADJP
+severe JJ I-ADJP
+. . O
+
+Moreover RB B-ADVP
+, , O
+ticket NN B-NP
+splitting NN I-NP
+appears VBZ B-VP
+to TO I-VP
+take VB I-VP
+the DT B-NP
+same JJ I-NP
+peculiar JJ I-NP
+pattern NN I-NP
+at IN B-PP
+the DT B-NP
+state NN I-NP
+government NN I-NP
+level NN I-NP
+as IN B-SBAR
+it PRP B-NP
+does VBZ B-VP
+at IN B-PP
+the DT B-NP
+federal JJ I-NP
+level NN I-NP
+. . O
+
+State NN B-NP
+government NN I-NP
+is VBZ O
+more RBR B-ADVP
+typically RB I-ADVP
+split VBP B-VP
+along IN B-PP
+Republican-governor\/Democratic-legislature NNP B-NP
+lines NNS I-NP
+than IN B-PP
+the DT B-NP
+reverse NN I-NP
+. . O
+
+A DT B-NP
+cross-state JJ I-NP
+econometric JJ I-NP
+investigation NN I-NP
+, , O
+furthermore RB B-ADVP
+, , O
+reveals VBZ B-VP
+that IN B-SBAR
+, , O
+holding VBG B-VP
+other JJ B-NP
+factors NNS I-NP
+constant JJ B-ADJP
+, , O
+the DT B-NP
+difference NN I-NP
+between IN B-PP
+a DT B-NP
+state NN I-NP
+'s POS B-NP
+major-party JJ I-NP
+vote NN I-NP
+going VBG B-VP
+to TO B-PP
+the DT B-NP
+Republican NNP I-NP
+gubernatorial JJ I-NP
+candidate NN I-NP
+and CC O
+the DT B-NP
+Republican NNP I-NP
+share NN I-NP
+of IN B-PP
+the DT B-NP
+lower JJR I-NP
+state NN I-NP
+house NN I-NP
+is VBZ B-VP
+a DT B-NP
+positive JJ I-NP
+function NN I-NP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+tax NN I-NP
+rate NN I-NP
+. . O
+
+In IN B-PP
+sum NN B-NP
+, , O
+at IN B-PP
+both DT B-NP
+the DT I-NP
+federal JJ I-NP
+and CC I-NP
+state NN I-NP
+government NN I-NP
+levels NNS I-NP
+at IN B-ADVP
+least JJS I-ADVP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+seemingly RB I-NP
+irrational JJ I-NP
+behavior NN I-NP
+voters NNS B-NP
+display VBP B-VP
+in IN B-PP
+the DT B-NP
+voting NN I-NP
+booth NN I-NP
+may MD B-VP
+have VB I-VP
+an DT B-NP
+exceedingly RB I-NP
+rational JJ I-NP
+explanation NN I-NP
+. . O
+
+Mr. NNP B-NP
+Zupan NNP I-NP
+teaches VBZ B-VP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+Southern NNP B-NP
+California NNP I-NP
+'s POS B-NP
+business NN I-NP
+school NN I-NP
+. . O
+
+A DT B-NP
+House-Senate NNP I-NP
+conference NN I-NP
+approved VBD B-VP
+a DT B-NP
+nearly RB I-NP
+$ $ I-NP
+17 CD I-NP
+billion CD I-NP
+State NNP I-NP
+, , I-NP
+Justice NNP I-NP
+and CC I-NP
+Commerce NNP I-NP
+Department NNP I-NP
+bill NN I-NP
+that WDT B-NP
+makes VBZ B-VP
+federal JJ B-NP
+reparations NNS I-NP
+for IN B-PP
+Japanese-Americans NNPS B-NP
+held VBN B-VP
+in IN B-PP
+World NNP B-NP
+War NNP I-NP
+II NNP I-NP
+internment NN I-NP
+camps NNS I-NP
+a DT B-NP
+legal JJ I-NP
+entitlement NN I-NP
+after IN B-PP
+next JJ B-NP
+Oct. NNP I-NP
+1 CD I-NP
+. . O
+
+The DT B-NP
+measure NN I-NP
+provides VBZ B-VP
+no DT B-NP
+money NN I-NP
+for IN B-PP
+the DT B-NP
+promised VBN I-NP
+payments NNS I-NP
+until IN B-PP
+then RB B-NP
+, , O
+but CC O
+beginning VBG B-PP
+in IN B-PP
+fiscal JJ B-NP
+1991 CD I-NP
+, , O
+the DT B-NP
+government NN I-NP
+would MD B-VP
+be VB I-VP
+committed VBN B-ADJP
+to TO B-PP
+meeting VBG B-VP
+annual JJ B-NP
+payments NNS I-NP
+of IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+500 CD I-NP
+million CD I-NP
+until IN B-SBAR
+the DT B-NP
+total JJ I-NP
+liability NN I-NP
+of IN B-PP
+approximately RB B-NP
+$ $ I-NP
+1.25 CD I-NP
+billion CD I-NP
+is VBZ B-VP
+paid VBN I-VP
+. . O
+
+The DT B-NP
+action NN I-NP
+abandons VBZ B-VP
+earlier JJR B-NP
+efforts NNS I-NP
+to TO B-VP
+find VB I-VP
+offsetting VBG B-NP
+cuts NNS I-NP
+to TO B-VP
+fund VB I-VP
+the DT B-NP
+payments NNS I-NP
+, , O
+but CC O
+is VBZ B-VP
+widely RB I-VP
+seen VBN I-VP
+as IN B-PP
+a DT B-NP
+more RBR I-NP
+realistic JJ I-NP
+means NNS I-NP
+of IN B-PP
+expediting VBG B-VP
+reparations NNS B-NP
+first RB B-VP
+authorized VBN I-VP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+The DT B-NP
+action NN I-NP
+came VBD B-VP
+as IN B-SBAR
+Congress NNP B-NP
+sent VBD B-VP
+to TO B-PP
+President NNP B-NP
+Bush NNP I-NP
+a DT B-NP
+fiscal JJ I-NP
+1990 CD I-NP
+bill NN I-NP
+providing VBG B-VP
+an DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+156.7 CD I-NP
+billion CD I-NP
+for IN B-PP
+the DT B-NP
+Departments NNPS I-NP
+of IN B-PP
+Labor NNP B-NP
+, , O
+Education NNP B-NP
+, , O
+Health NNP B-NP
+and CC O
+Human NNP B-NP
+Services NNP I-NP
+. . O
+
+Final JJ B-NP
+approval NN I-NP
+was VBD B-VP
+on IN B-PP
+a DT B-NP
+67-31 JJ I-NP
+roll NN I-NP
+call NN I-NP
+in IN B-PP
+the DT B-NP
+Senate NNP I-NP
+, , O
+which WDT B-NP
+sets VBZ B-VP
+the DT B-NP
+stage NN I-NP
+for IN B-PP
+a DT B-NP
+veto NN I-NP
+confrontation NN I-NP
+with IN B-PP
+Mr. NNP B-NP
+Bush NNP I-NP
+over IN B-PP
+the DT B-NP
+issue NN I-NP
+of IN B-PP
+publicly RB B-NP
+financed VBN I-NP
+abortions NNS I-NP
+for IN B-PP
+poor JJ B-NP
+women NNS I-NP
+. . O
+
+Reversing VBG B-VP
+an DT B-NP
+eight-year JJ I-NP
+federal JJ I-NP
+policy NN I-NP
+, , O
+the DT B-NP
+measure NN I-NP
+supports VBZ B-VP
+Medicaid NNP B-NP
+abortions NNS I-NP
+in IN B-PP
+cases NNS B-NP
+of IN B-PP
+rape NN B-NP
+and CC I-NP
+incest NN I-NP
+, , O
+but CC O
+Mr. NNP B-NP
+Bush NNP I-NP
+has VBZ B-VP
+so RB I-VP
+far RB I-VP
+refused VBN I-VP
+to TO I-VP
+support VB I-VP
+any DT B-NP
+specific JJ I-NP
+exemption NN I-NP
+beyond IN B-PP
+instances NNS B-NP
+in IN B-PP
+which WDT B-NP
+the DT B-NP
+mother NN I-NP
+'s POS B-NP
+life NN I-NP
+is VBZ B-VP
+in IN B-PP
+danger NN B-NP
+. . O
+
+Mr. NNP B-NP
+Bush NNP I-NP
+'s POS B-NP
+veto NN I-NP
+power NN I-NP
+puts VBZ B-VP
+him PRP B-NP
+a DT B-NP
+commanding VBG I-NP
+position NN I-NP
+in IN B-PP
+the DT B-NP
+narrowly RB I-NP
+divided VBN I-NP
+House NNP I-NP
+, , O
+but CC O
+a DT B-NP
+vote NN I-NP
+to TO B-VP
+override VB I-VP
+his PRP$ B-NP
+position NN I-NP
+could MD B-VP
+well RB I-VP
+pick VB I-VP
+up IN B-PRT
+new JJ B-NP
+support NN I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+wealth NN I-NP
+of IN B-PP
+health NN B-NP
+and CC I-NP
+education NN I-NP
+programs NNS I-NP
+financed VBN B-VP
+in IN B-PP
+the DT B-NP
+underlying VBG I-NP
+bill NN I-NP
+. . O
+
+The DT B-NP
+measure NN I-NP
+before IN B-PP
+the DT B-NP
+conference NN I-NP
+yesterday NN B-NP
+funds VBZ B-VP
+the DT B-NP
+Departments NNPS I-NP
+of IN B-PP
+State NNP B-NP
+, , I-NP
+Justice NNP I-NP
+and CC I-NP
+Commerce NNP I-NP
+through IN B-PP
+fiscal JJ B-NP
+1990 CD I-NP
+. . O
+
+An DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+1.32 CD I-NP
+billion CD I-NP
+is VBZ B-VP
+provided VBN I-VP
+for IN B-PP
+next JJ B-NP
+year NN I-NP
+'s POS B-NP
+census NN I-NP
+, , O
+and CC O
+negotiators NNS B-NP
+stripped VBD B-VP
+a DT B-NP
+Senate-passed JJ I-NP
+rider NN I-NP
+seeking VBG B-VP
+to TO I-VP
+block VB I-VP
+the DT B-NP
+counting NN I-NP
+of IN B-PP
+illegal JJ B-NP
+aliens NNS I-NP
+. . O
+
+Elsewhere RB B-ADVP
+in IN B-PP
+the DT B-NP
+Commerce NNP I-NP
+Department NNP I-NP
+, , O
+nearly RB B-NP
+$ $ I-NP
+191.2 CD I-NP
+million CD I-NP
+is VBZ B-VP
+preserved VBN I-VP
+for IN B-PP
+assistance NN B-NP
+programs NNS I-NP
+under IN B-PP
+the DT B-NP
+Economic NNP I-NP
+Development NNP I-NP
+Administration NNP I-NP
+. . O
+
+And CC O
+in IN B-PP
+a DT B-NP
+footnote NN I-NP
+to TO B-PP
+the DT B-NP
+fall NN I-NP
+of IN B-PP
+House NNP B-NP
+Speaker NNP I-NP
+James NNP I-NP
+Wright NNP I-NP
+this DT B-NP
+year NN I-NP
+, , O
+the DT B-NP
+conference NN I-NP
+voted VBD B-VP
+to TO I-VP
+rescind VB I-VP
+$ $ B-NP
+11.8 CD I-NP
+million CD I-NP
+in IN B-PP
+unspent JJ B-NP
+EDA NNP I-NP
+funds NNS I-NP
+for IN B-PP
+a DT B-NP
+Fort NNP I-NP
+Worth NNP I-NP
+, , I-NP
+Texas NNP I-NP
+, , I-NP
+stockyards NNS I-NP
+project VBP I-NP
+that WDT B-NP
+figured VBD B-VP
+in IN B-PP
+ethics NNS B-NP
+charges NNS I-NP
+against IN B-PP
+the DT B-NP
+former JJ I-NP
+Democratic JJ I-NP
+leader NN I-NP
+. . O
+
+Fiscal JJ B-NP
+pressures NNS I-NP
+also RB B-ADVP
+forced VBN B-VP
+the DT B-NP
+adoption NN I-NP
+of IN B-PP
+new JJ B-NP
+fees NNS I-NP
+charged VBN B-VP
+by IN B-PP
+federal JJ B-NP
+agencies NNS I-NP
+, , O
+and CC O
+an DT B-NP
+18 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+'s POS B-NP
+budget NN I-NP
+would MD B-VP
+be VB I-VP
+financed VBN I-VP
+entirely RB B-ADVP
+by IN B-PP
+an DT B-NP
+added VBD I-NP
+$ $ I-NP
+26 CD I-NP
+million CD I-NP
+in IN B-PP
+filing NN B-NP
+fees NNS I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+unprecedented JJ I-NP
+step NN I-NP
+, , O
+the DT B-NP
+measure NN I-NP
+anticipates VBZ B-VP
+another DT B-NP
+$ $ I-NP
+30 CD I-NP
+million CD I-NP
+in IN B-PP
+receipts NNS B-NP
+by IN B-PP
+having VBG B-VP
+the DT B-NP
+Federal NNP I-NP
+Bureau NNP I-NP
+of IN B-PP
+Investigation NNP B-NP
+charge NN B-VP
+for IN B-PP
+fingerprint NN B-NP
+services NNS I-NP
+in IN B-PP
+civil JJ B-NP
+cases NNS I-NP
+-- : O
+a DT B-NP
+change NN I-NP
+that WDT B-NP
+is VBZ B-VP
+almost RB B-ADJP
+certain JJ I-ADJP
+to TO B-VP
+increase VB I-VP
+Pentagon NNP B-NP
+costs NNS I-NP
+in IN B-PP
+processing NN B-VP
+personnel NNS B-NP
+and CC I-NP
+security NN I-NP
+clearances NNS I-NP
+. . O
+
+The DT B-NP
+bill NN I-NP
+does VBZ B-VP
+n't RB I-VP
+include VB I-VP
+an DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+1.9 CD I-NP
+billion CD I-NP
+in IN B-PP
+supplemental JJ B-NP
+anti-drug JJ I-NP
+funds NNS I-NP
+for IN B-PP
+Justice NNP B-NP
+Department NNP I-NP
+and CC I-NP
+law-enforcement NN I-NP
+accounts NNS I-NP
+that WDT B-NP
+are VBP B-VP
+still RB B-ADVP
+in IN B-PP
+conference NN B-NP
+with IN B-PP
+the DT B-NP
+House NNP I-NP
+. . O
+
+But CC O
+yesterday NN B-NP
+'s POS B-NP
+agreement NN I-NP
+would MD B-VP
+make VB I-VP
+it PRP B-NP
+easier JJR B-ADJP
+for IN B-SBAR
+state NN B-NP
+governments NNS I-NP
+to TO B-VP
+handle VB I-VP
+the DT B-NP
+promised VBN I-NP
+aid NN I-NP
+by IN B-PP
+deferring VBG B-VP
+for IN B-PP
+one CD B-NP
+year NN I-NP
+a DT B-NP
+scheduled VBN I-NP
+50 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+required VBN I-NP
+state NN I-NP
+matching VBG I-NP
+funds NNS I-NP
+for IN B-PP
+law-enforcement NN B-NP
+grants NNS I-NP
+. . O
+
+Similarly RB B-ADVP
+, , O
+the DT B-NP
+measure NN I-NP
+adjusts VBZ B-VP
+the DT B-NP
+current JJ I-NP
+funding NN I-NP
+formula NN I-NP
+to TO B-VP
+promise VB I-VP
+smaller JJR B-NP
+states NNS I-NP
+such JJ B-PP
+as IN I-PP
+New NNP B-NP
+Hampshire NNP I-NP
+and CC O
+Delaware NNP B-NP
+a DT B-NP
+minimum JJ I-NP
+allocation NN I-NP
+of IN B-PP
+$ $ B-NP
+1.6 CD I-NP
+million CD I-NP
+each DT B-NP
+in NN B-PP
+drug NN B-NP
+grants NNS I-NP
+, , O
+or CC O
+three CD B-NP
+times VBZ I-NP
+the DT I-NP
+current JJ I-NP
+minimum NN I-NP
+. . O
+
+The DT B-NP
+odd JJ I-NP
+mix NN I-NP
+of IN B-PP
+departments NNS B-NP
+in IN B-PP
+the DT B-NP
+bill NN I-NP
+makes VBZ B-VP
+it PRP B-NP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+more JJR I-NP
+eclectic NN I-NP
+of IN B-PP
+the DT B-NP
+annual JJ I-NP
+appropriations NNS I-NP
+measures NNS I-NP
+, , O
+and CC O
+the DT B-NP
+assorted JJ I-NP
+provisions NNS I-NP
+attached VBN B-VP
+by IN B-PP
+lawmakers NNS B-NP
+run VBP B-VP
+from IN B-PP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+for IN B-PP
+a DT B-NP
+fish NN I-NP
+farm NN I-NP
+in IN B-PP
+Arkansas NNP B-NP
+to TO B-PP
+a DT B-NP
+music NN I-NP
+festival NN I-NP
+in IN B-PP
+Moscow NNP B-NP
+under IN B-PP
+the DT B-NP
+United NNP I-NP
+States NNP I-NP
+Information NNP I-NP
+Agency NNP I-NP
+. . O
+
+Lawmakers NNS B-NP
+scrapped VBD B-VP
+all DT B-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+7.4 CD I-NP
+million CD I-NP
+State NNP I-NP
+Department NNP I-NP
+request NN I-NP
+for IN B-PP
+the DT B-NP
+1992 CD I-NP
+Expo NNP I-NP
+in IN B-PP
+Seville NNP B-NP
+, , O
+Spain NNP B-NP
+, , O
+but CC O
+agreed VBD B-VP
+elsewhere RB B-ADVP
+to TO B-PP
+$ $ B-NP
+15,000 CD I-NP
+for IN B-PP
+an DT B-NP
+oil NN I-NP
+portrait NN I-NP
+of IN B-PP
+former JJ B-NP
+Chief NNP I-NP
+Justice NNP I-NP
+Warren NNP I-NP
+Burger NNP I-NP
+. . O
+
+Senate NNP B-NP
+Commerce NNP I-NP
+Committee NNP I-NP
+Chairman NNP I-NP
+Ernest NNP I-NP
+Hollings NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+S.C. NNP B-NP
+-RRB- ) O
+, , O
+who WP B-NP
+also RB B-ADVP
+chairs VBZ B-VP
+the DT B-NP
+Senate NNP I-NP
+appropriations NNS I-NP
+subcommittee NN I-NP
+for IN B-PP
+the DT B-NP
+department NN I-NP
+, , O
+attached VBD B-VP
+$ $ B-NP
+10 CD I-NP
+million CD I-NP
+for IN B-PP
+an DT B-NP
+advanced VBN I-NP
+technology NN I-NP
+initiative NN I-NP
+, , O
+including VBG B-PP
+work NN B-NP
+on IN B-PP
+high-definition JJ B-NP
+television NN I-NP
+. . O
+
+His PRP$ B-NP
+Republican NNP I-NP
+counterpart NN I-NP
+, , O
+Sen. NNP B-NP
+Warren NNP I-NP
+Rudman NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+N.H. NNP B-NP
+-RRB- ) O
+, , O
+has VBZ B-VP
+used VBN I-VP
+his PRP$ B-NP
+position NN I-NP
+to TO B-VP
+wage VB I-VP
+a DT B-NP
+legislative JJ I-NP
+war NN I-NP
+with IN B-PP
+the DT B-NP
+conservative JJ I-NP
+board NN I-NP
+of IN B-PP
+the DT B-NP
+Legal NNP I-NP
+Services NNP I-NP
+Corp NNP I-NP
+. . O
+
+An DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+321 CD I-NP
+million CD I-NP
+is VBZ B-VP
+provided VBN I-VP
+to TO B-VP
+maintain VB I-VP
+the DT B-NP
+program NN I-NP
+, , O
+but CC O
+Mr. NNP B-NP
+Rudman NNP I-NP
+also RB B-ADVP
+succeeded VBD B-VP
+in IN B-PP
+attaching VBG B-VP
+language NN B-NP
+seeking VBG B-VP
+to TO I-VP
+curb VB I-VP
+the DT B-NP
+authority NN I-NP
+of IN B-PP
+the DT B-NP
+current JJ I-NP
+board NN I-NP
+until IN B-SBAR
+new JJ B-NP
+members NNS I-NP
+are VBP B-VP
+confirmed VBN I-VP
+. . O
+
+The DT B-NP
+effective JJ I-NP
+date NN I-NP
+of IN B-PP
+any DT B-NP
+new JJ I-NP
+regulations NNS I-NP
+by IN B-PP
+the DT B-NP
+current JJ I-NP
+board NN I-NP
+would MD B-VP
+be VB I-VP
+delayed VBN I-VP
+until IN B-PP
+Oct. NNP B-NP
+1 CD I-NP
+next JJ B-NP
+year NN I-NP
+, , O
+and CC O
+the DT B-NP
+bill NN I-NP
+seeks VBZ B-VP
+to TO I-VP
+reverse VB I-VP
+efforts NNS B-NP
+by IN B-PP
+the DT B-NP
+corporation NN I-NP
+to TO B-VP
+cut VB I-VP
+off IN B-PRT
+funds NNS B-NP
+to TO B-PP
+service VB B-NP
+organizations NNS I-NP
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+Food NNP I-NP
+Research NNP I-NP
+and CC I-NP
+Action NNP I-NP
+Center NNP I-NP
+. . O
+
+The DT B-NP
+bill NN I-NP
+also RB B-ADVP
+provides VBZ B-VP
+$ $ B-NP
+620.5 CD I-NP
+million CD I-NP
+to TO B-VP
+meet VB I-VP
+U.S. NNP B-NP
+contributions NNS I-NP
+to TO B-PP
+international JJ B-NP
+organizations NNS I-NP
+and CC O
+$ $ B-NP
+80 CD I-NP
+million CD I-NP
+for IN B-PP
+peace-keeping NN B-NP
+activities NNS I-NP
+. . O
+
+Both DT B-NP
+accounts NNS I-NP
+reflect VBP B-VP
+significant JJ B-NP
+increases NNS I-NP
+from IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+, , O
+although IN B-SBAR
+the DT B-NP
+amount NN I-NP
+for IN B-PP
+peace-keeping NN B-NP
+shows VBZ B-VP
+a DT B-NP
+27 CD I-NP
+% NN I-NP
+cut NN I-NP
+from IN B-PP
+the DT B-NP
+administration NN I-NP
+'s POS B-NP
+request NN I-NP
+. . O
+
+Mercury NNP B-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+Association NNP I-NP
+said VBD B-VP
+it PRP B-NP
+retained VBD B-VP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+as IN B-PP
+its PRP$ B-NP
+lead NN I-NP
+investment NN I-NP
+banker NN I-NP
+to TO B-VP
+advise VB I-VP
+it PRP B-NP
+regarding VBG B-PP
+a DT B-NP
+possible JJ I-NP
+sale NN I-NP
+or CC I-NP
+other JJ I-NP
+combination NN I-NP
+of IN B-PP
+the DT B-NP
+Huntington NNP I-NP
+Beach NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+thrift NN I-NP
+. . O
+
+Mercury NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+assets NNS B-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+2 CD I-NP
+billion CD I-NP
+and CC O
+24 CD B-NP
+branches NNS I-NP
+in IN B-PP
+California NNP B-NP
+, , O
+said VBD B-VP
+the DT B-NP
+action NN I-NP
+to TO B-VP
+improve VB I-VP
+its PRP$ B-NP
+regulatory JJ I-NP
+capital NN I-NP
+position NN I-NP
+is VBZ B-VP
+related VBN I-VP
+directly RB B-ADVP
+to TO B-PP
+new JJ B-NP
+capital NN I-NP
+requirements NNS I-NP
+mandated VBN B-VP
+by IN B-PP
+recently RB B-NP
+adopted VBN I-NP
+federal JJ I-NP
+legislation NN I-NP
+. . O
+
+Mercury NNP B-NP
+also RB B-ADVP
+said VBD B-VP
+it PRP B-NP
+extended VBD B-VP
+its PRP$ B-NP
+two-year JJ I-NP
+advisory JJ I-NP
+relationship NN I-NP
+with IN B-PP
+Montgomery NNP B-NP
+Securities NNP I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+Mercury NNP B-NP
+'s POS B-NP
+stock NN I-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+4.875 CD I-NP
+, , O
+unchanged JJ B-ADJP
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+Watching VBG B-VP
+Congress NNP B-NP
+sweat NN B-VP
+and CC I-VP
+grimace NN I-VP
+through IN B-PP
+its PRP$ B-NP
+annual JJ I-NP
+budget NN I-NP
+labors NNS I-NP
+, , O
+fighting VBG B-VP
+the DT B-NP
+urge NN I-NP
+to TO B-VP
+spend VB I-VP
+more JJR B-NP
+, , O
+we PRP B-NP
+'re VBP B-VP
+reminded VBD I-VP
+of IN B-PP
+those DT B-NP
+late-night JJ I-NP
+movies NNS I-NP
+in IN B-PP
+which WDT B-NP
+the DT B-NP
+anguished JJ I-NP
+serial JJ I-NP
+killer NN I-NP
+turns VBZ B-VP
+himself PRP B-NP
+in IN B-PRT
+to TO B-PP
+police VB B-NP
+and CC O
+says VBZ B-VP
+, , O
+`` `` O
+Stop VB B-VP
+me PRP B-NP
+before IN B-SBAR
+I PRP B-NP
+kill VBP B-VP
+again RB B-ADVP
+. . O
+'' '' O
+
+The DT B-NP
+Members NNS I-NP
+know VBP B-VP
+they PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+wrong JJ B-NP
+, , O
+but CC O
+they PRP B-NP
+need VBP B-VP
+help NN B-NP
+to TO B-VP
+restrain VB I-VP
+their PRP$ B-NP
+darker JJR I-NP
+compulsions NNS I-NP
+. . O
+
+Arkansas NNP B-NP
+Democrat NNP I-NP
+David NNP I-NP
+Pryor NNP I-NP
+spilled VBD B-VP
+his PRP$ B-NP
+guts NNS I-NP
+on IN B-PP
+the DT B-NP
+Senate NNP I-NP
+floor NN I-NP
+the DT B-NP
+other JJ I-NP
+day NN I-NP
+after IN B-SBAR
+he PRP B-NP
+'d MD B-VP
+joined VBD I-VP
+the DT B-NP
+Finance NNP I-NP
+Committee NNP I-NP
+'s POS B-NP
+early-morning JJ I-NP
+pork-barrel JJ I-NP
+revels NNS I-NP
+: : O
+`` `` O
+I PRP B-NP
+must MD B-VP
+tell VB I-VP
+you PRP B-NP
+... : O
+
+I PRP B-NP
+come VBP B-VP
+to TO B-PP
+the DT B-NP
+floor NN I-NP
+tonight RB B-NP
+as IN B-PP
+one CD B-NP
+who WP B-NP
+ended VBD B-VP
+up IN B-PRT
+with IN B-PP
+a DT B-NP
+busload NN I-NP
+of IN B-PP
+extraneous JJ B-NP
+matter NN I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+nothing NN B-NP
+more JJR B-ADJP
+or CC O
+nothing NN B-NP
+less JJR B-ADJP
+than IN B-PP
+a DT B-NP
+feeding VBG I-NP
+frenzy NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+was VBD B-VP
+turning VBG I-VP
+himself PRP B-NP
+in RB B-PRT
+. . O
+
+`` `` O
+Frankly RB B-ADVP
+, , O
+as IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+walking VBG I-VP
+back RB B-ADVP
+to TO B-VP
+get VB I-VP
+in IN B-PP
+my PRP$ B-NP
+car NN I-NP
+, , O
+I PRP B-NP
+heard VBD B-VP
+many JJ B-NP
+, , I-NP
+many JJ I-NP
+people NNS I-NP
+... : O
+opening NN B-VP
+champagne NN B-NP
+bottles NNS I-NP
+and CC O
+celebrating VBG B-VP
+individual JJ B-NP
+victories NNS I-NP
+that IN B-NP
+some DT B-NP
+of IN B-PP
+us PRP B-NP
+had VBD B-VP
+accomplished VBN I-VP
+in IN B-PP
+getting VBG B-VP
+our PRP$ B-NP
+little JJ I-NP
+deal NN I-NP
+in IN B-PP
+the DT B-NP
+tax NN I-NP
+bill NN I-NP
+and CC O
+winking VBG B-VP
+at IN B-PP
+this DT B-NP
+person NN I-NP
+for IN B-PP
+slipping VBG B-VP
+this DT B-NP
+in NN B-PRT
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+As IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+driving VBG I-VP
+home NN B-ADVP
+, , O
+I PRP B-NP
+did VBD B-VP
+not RB I-VP
+feel VB I-VP
+very RB B-ADJP
+good JJ I-ADJP
+about IN B-PP
+myself PRP B-NP
+. . O
+'' '' O
+
+We PRP B-NP
+can MD B-VP
+applaud VB I-VP
+Mr. NNP B-NP
+Pryor NNP I-NP
+'s POS B-NP
+moment NN I-NP
+of IN B-PP
+epiphany NN B-NP
+, , O
+even RB B-SBAR
+as IN I-SBAR
+we PRP B-NP
+understand VBP B-VP
+that IN B-SBAR
+he PRP B-NP
+and CC O
+his PRP$ B-NP
+confreres FW I-NP
+need NN B-VP
+restraint NN B-NP
+lest IN B-SBAR
+they PRP B-NP
+kill VBP B-VP
+again RB B-ADVP
+. . O
+
+A DT B-NP
+good JJ I-NP
+place NN I-NP
+to TO B-VP
+start VB I-VP
+the DT B-NP
+rehabilitation NN I-NP
+is VBZ B-VP
+a DT B-NP
+`` `` I-NP
+legislative JJ I-NP
+line-item JJ I-NP
+veto NN I-NP
+'' '' I-NP
+bill NN I-NP
+now RB B-VP
+being VBG I-VP
+offered VBN I-VP
+by IN B-PP
+Indiana NNP B-NP
+Senator NNP I-NP
+Dan NNP I-NP
+Coats NNP I-NP
+. . O
+
+The DT B-NP
+Coats NNP I-NP
+bill NN I-NP
+, , O
+which WDT B-NP
+already RB B-ADVP
+has VBZ B-VP
+32 CD B-NP
+Senate NNP I-NP
+co-sponsors NNS I-NP
+, , O
+is VBZ B-VP
+n't RB O
+a DT B-NP
+pure JJ I-NP
+line-item JJ I-NP
+veto NN I-NP
+because IN B-SBAR
+it PRP B-NP
+would MD B-VP
+apply VB I-VP
+only RB B-ADVP
+to TO B-PP
+spending NN B-NP
+bills NNS I-NP
+. . O
+
+Instead RB B-ADVP
+it PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+form NN I-NP
+of IN B-PP
+`` `` O
+enhanced VBN B-NP
+rescission NN I-NP
+, , O
+'' '' O
+giving VBG B-VP
+a DT B-NP
+President NNP I-NP
+a DT B-NP
+chance NN I-NP
+to TO B-VP
+rescind VB I-VP
+, , I-VP
+or CC I-VP
+strike NN I-VP
+, , O
+specific JJ B-NP
+spending NN I-NP
+items NNS I-NP
+that WDT B-NP
+just RB B-ADVP
+go VB B-VP
+too RB B-ADVP
+far RB I-ADVP
+. . O
+
+Under IN B-PP
+the DT B-NP
+proposal NN I-NP
+, , O
+a DT B-NP
+President NNP I-NP
+would MD B-VP
+have VB I-VP
+a DT B-NP
+chance NN I-NP
+twice RB B-ADVP
+each DT B-NP
+year NN I-NP
+to TO B-VP
+return VB I-VP
+a DT B-NP
+package NN I-NP
+of IN B-PP
+`` `` O
+rescissions NNS B-NP
+'' '' O
+to TO B-PP
+the DT B-NP
+Hill NNP I-NP
+-- : O
+once RB B-ADVP
+when WRB B-ADVP
+he PRP B-NP
+proposes VBZ B-VP
+his PRP$ B-NP
+budget NN I-NP
+and CC O
+again RB B-ADVP
+after IN B-SBAR
+Congress NNP B-NP
+disposes VBZ B-VP
+. . O
+
+Congress NNP B-NP
+would MD B-VP
+have VB I-VP
+20 CD B-NP
+days NNS I-NP
+to TO B-VP
+reject VB I-VP
+the DT B-NP
+package NN I-NP
+with IN B-PP
+a DT B-NP
+50 CD I-NP
+% NN I-NP
+majority NN I-NP
+, , O
+but CC O
+then RB B-ADVP
+a DT B-NP
+President NNP I-NP
+could MD B-VP
+veto VB I-VP
+that DT B-NP
+rejection NN I-NP
+. . O
+
+Congress NNP B-NP
+would MD B-VP
+then RB I-VP
+need VB I-VP
+the DT B-NP
+usual JJ I-NP
+two-thirds NNS I-NP
+majority NN I-NP
+to TO B-VP
+override VB I-VP
+any DT B-NP
+veto NN I-NP
+. . O
+
+The DT B-NP
+proposal NN I-NP
+would MD B-VP
+restore VB I-VP
+some DT B-NP
+discipline NN I-NP
+erased VBN B-VP
+from IN B-PP
+the DT B-NP
+budget NN I-NP
+process NN I-NP
+by IN B-PP
+the DT B-NP
+1974 CD I-NP
+Budget NNP I-NP
+`` `` I-NP
+Reform NNP I-NP
+'' '' I-NP
+Act NNP I-NP
+. . O
+
+Before IN B-PP
+1974 CD B-NP
+, , O
+a DT B-NP
+President NNP I-NP
+could MD B-VP
+`` `` O
+impound VB B-VP
+, , O
+'' '' O
+or CC O
+refuse VB B-VP
+to TO I-VP
+spend VB I-VP
+, , O
+funds NNS B-NP
+appropriated VBN B-VP
+by IN B-PP
+Congress NNP B-NP
+. . O
+
+Presidents NNP B-NP
+Kennedy NNP I-NP
+and CC I-NP
+Johnson NNP I-NP
+were VBD B-VP
+both DT O
+big JJ B-NP
+users NNS I-NP
+of IN B-PP
+the DT B-NP
+impoundment NN I-NP
+power NN I-NP
+, , O
+but CC O
+Congress NNP B-NP
+saw VBD B-VP
+its PRP$ B-NP
+chance NN I-NP
+against IN B-PP
+a DT B-NP
+weakened VBN I-NP
+President NNP I-NP
+Nixon NNP I-NP
+and CC O
+stripped VBN B-VP
+it PRP B-NP
+away RB B-PRT
+. . O
+
+Today NN B-NP
+a DT B-NP
+President NNP I-NP
+can MD B-VP
+still RB I-VP
+send VB I-VP
+up IN B-PRT
+spending NN B-NP
+rescissions NNS I-NP
+, , O
+but CC O
+they PRP B-NP
+'re VBP B-VP
+meaningless JJ B-ADJP
+unless IN B-SBAR
+Congress NNP B-NP
+has VBZ B-VP
+a DT B-NP
+guilty JJ I-NP
+conscience NN I-NP
+and CC O
+changes NNS B-VP
+its PRP$ B-NP
+mind NN I-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+like IN B-PP
+asking VBG B-VP
+foxes NNS B-NP
+to TO B-VP
+feel VB I-VP
+remorse NN B-NP
+about IN B-PP
+chickens NNS B-NP
+, , O
+and CC O
+naturally RB B-ADVP
+rescissions NNS B-NP
+are VBP B-VP
+almost RB I-VP
+never RB I-VP
+approved VBD I-VP
+. . O
+
+In IN B-PP
+1987 CD B-NP
+, , O
+President NNP B-NP
+Reagan NNP I-NP
+sent VBD B-VP
+73 CD B-NP
+rescissions NNS I-NP
+back RB B-ADVP
+to TO B-PP
+the DT B-NP
+Hill NNP I-NP
+, , O
+but CC O
+only RB B-NP
+3 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+spending NN I-NP
+total NN I-NP
+was VBD B-VP
+approved VBN I-VP
+by IN B-PP
+Congress NNP B-NP
+. . O
+
+Senator NNP B-NP
+Coats NNP I-NP
+'s POS B-NP
+proposal NN I-NP
+would MD B-VP
+let VB I-VP
+the DT B-NP
+proposed VBN I-NP
+spending NN I-NP
+cuts NNS I-NP
+take VBP B-VP
+place NN B-NP
+automatically RB B-ADVP
+unless IN B-SBAR
+Congress NNP B-NP
+acts NNS B-VP
+. . O
+
+The DT B-NP
+Members NNS I-NP
+could MD B-VP
+still RB I-VP
+try VB I-VP
+to TO I-VP
+serve VB I-VP
+their PRP$ B-NP
+constituents NNS I-NP
+with IN B-PP
+special-interest JJ B-NP
+goodies NNS I-NP
+, , O
+but CC O
+the DT B-NP
+police NN I-NP
+-LRB- ( O
+in IN B-PP
+the DT B-NP
+form NN I-NP
+of IN B-PP
+a DT B-NP
+President NNP I-NP
+-RRB- ) O
+would MD B-VP
+be VB I-VP
+there RB B-ADVP
+with IN B-PP
+a DT B-NP
+straitjacket NN I-NP
+if IN B-SBAR
+they PRP B-NP
+really RB B-ADVP
+get VBP B-VP
+crazy JJ B-ADJP
+, , O
+as IN B-SBAR
+they PRP B-NP
+do VBP B-VP
+now RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Coats NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+offer VB I-VP
+his PRP$ B-NP
+proposal NN I-NP
+as IN B-PP
+an DT B-NP
+amendment NN I-NP
+to TO B-PP
+a DT B-NP
+bill NN I-NP
+to TO B-VP
+raise VB I-VP
+the DT B-NP
+federal JJ I-NP
+debt NN I-NP
+limit NN I-NP
+before IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+month NN I-NP
+. . O
+
+President NNP B-NP
+Bush NNP I-NP
+has VBZ B-VP
+endorsed VBN I-VP
+the DT B-NP
+idea NN I-NP
+, , O
+and CC O
+at IN B-NP
+least JJS I-NP
+50 CD I-NP
+sitting VBG I-NP
+Senators NNS I-NP
+have VBP B-VP
+voted VBN I-VP
+to TO I-VP
+support VB I-VP
+enhanced VBN B-NP
+rescission NN I-NP
+authority NN I-NP
+in IN B-PP
+the DT B-NP
+past NN I-NP
+. . O
+
+We PRP B-NP
+'re VBP B-VP
+told VBD I-VP
+Senator NNP B-NP
+Pryor NNP I-NP
+is VBZ B-VP
+n't RB O
+yet RB B-ADVP
+a DT B-NP
+co-sponsor NN I-NP
+, , O
+but CC O
+if IN B-SBAR
+he PRP B-NP
+and CC O
+his PRP$ B-NP
+colleagues NNS I-NP
+are VBP B-VP
+serious JJ B-ADJP
+about IN B-PP
+kicking VBG B-VP
+their PRP$ B-NP
+compulsions NNS I-NP
+, , O
+they PRP B-NP
+'ll MD B-VP
+sign VB I-VP
+up RB B-PRT
+. . O
+
+Business NN B-NP
+and CC I-NP
+civic JJ I-NP
+operations NNS I-NP
+lurched VBD B-VP
+back RB B-ADVP
+toward IN B-PP
+normalcy NN B-NP
+here RB B-ADVP
+as IN B-SBAR
+congressional JJ B-NP
+officials NNS I-NP
+estimated VBN B-VP
+that IN B-SBAR
+the DT B-NP
+price NN I-NP
+tag NN I-NP
+for IN B-PP
+emergency NN B-NP
+assistance NN I-NP
+to TO B-PP
+earthquake-ravaged JJ B-NP
+California NNP I-NP
+would MD B-VP
+total VB I-VP
+at IN B-NP
+least JJS I-NP
+$ $ I-NP
+2.5 CD I-NP
+billion CD I-NP
+. . O
+
+`` `` O
+That DT B-NP
+is VBZ B-VP
+a DT B-NP
+minimum JJ I-NP
+figure NN I-NP
+, , O
+and CC O
+I PRP B-NP
+underscore VBP B-VP
+minimum JJ B-NP
+, , O
+'' '' O
+said VBD B-VP
+House NNP B-NP
+Speaker NNP I-NP
+Thomas NNP I-NP
+Foley NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Wash NNP B-NP
+. . O
+-RRB- ) O
+after IN B-PP
+conferring VBG B-VP
+with IN B-PP
+California NNP B-NP
+lawmakers NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+impossible JJ B-ADJP
+to TO B-VP
+put VB I-VP
+an DT B-NP
+exact JJ I-NP
+figure NN I-NP
+on IN B-PP
+it PRP B-NP
+at IN B-PP
+this DT B-NP
+time NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+Office NNP I-NP
+of IN B-PP
+Management NNP B-NP
+and CC I-NP
+Budget NNP I-NP
+has VBZ B-VP
+begun VBN I-VP
+looking VBG I-VP
+into IN B-PP
+legislation NN B-NP
+to TO B-VP
+provide VB I-VP
+more JJR B-NP
+funds NNS I-NP
+for IN B-PP
+earthquake NN B-NP
+repairs NNS I-NP
+. . O
+
+And CC O
+California NNP B-NP
+'s POS B-NP
+45-member JJ I-NP
+delegation NN I-NP
+in IN B-PP
+the DT B-NP
+House NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+propose VB I-VP
+that IN B-SBAR
+emergency NN B-NP
+funds NNS I-NP
+be VBP B-VP
+added VBN I-VP
+to TO B-PP
+a DT B-NP
+stop-gap JJ I-NP
+spending NN I-NP
+bill NN I-NP
+that IN B-NP
+the DT B-NP
+House NNP I-NP
+Appropriations NNP I-NP
+Committee NNP I-NP
+is VBZ B-VP
+to TO I-VP
+consider VB I-VP
+Monday NNP B-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+most RBS I-NP
+part NN I-NP
+, , O
+major JJ B-NP
+corporations NNS I-NP
+' POS B-NP
+headquarters NN I-NP
+and CC I-NP
+plants NNS I-NP
+were VBD B-VP
+unaffected JJ B-ADJP
+or CC O
+only RB B-ADJP
+slightly RB I-ADJP
+damaged VBN I-ADJP
+by IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+, , O
+which WDT B-NP
+registered VBD B-VP
+6.9 CD B-NP
+on IN B-PP
+the DT B-NP
+Richter NNP I-NP
+scale NN I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+last JJ I-NP
+big JJ I-NP
+employers NNS I-NP
+in IN B-PP
+the DT B-NP
+Silicon NNP I-NP
+Valley NNP I-NP
+to TO B-VP
+report VB I-VP
+in IN B-PRT
+, , O
+Seagate NNP B-NP
+Technology NNP I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+be VB I-VP
+back RB B-ADVP
+at IN B-PP
+full JJ B-NP
+strength NN I-NP
+Monday NNP B-NP
+. . O
+
+The DT B-NP
+day NN I-NP
+before IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+Seagate NNP B-NP
+completed VBD B-VP
+three CD B-NP
+days NNS I-NP
+of IN B-PP
+emergency NN B-NP
+training NN I-NP
+and CC I-NP
+drills NNS I-NP
+. . O
+
+Echoing VBG B-VP
+the DT B-NP
+response NN I-NP
+of IN B-PP
+almost RB B-NP
+all DT I-NP
+big JJ I-NP
+corporations NNS I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+, , O
+Don NNP B-NP
+Waite NNP I-NP
+, , O
+Seagate NNP B-NP
+'s POS B-NP
+chief JJ I-NP
+financial JJ I-NP
+officer NN I-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+I PRP B-NP
+would MD B-VP
+n't RB I-VP
+expect VB I-VP
+this DT B-NP
+to TO B-VP
+have VB I-VP
+any DT B-NP
+significant JJ I-NP
+financial JJ I-NP
+impact NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+city NN I-NP
+'s POS B-NP
+recovery NN I-NP
+from IN B-PP
+the DT B-NP
+earthquake NN I-NP
+was VBD B-VP
+uneven JJ B-ADJP
+. . O
+
+Banks NNP B-NP
+indicated VBD B-VP
+they PRP B-NP
+were VBD B-VP
+operating VBG I-VP
+at IN B-PP
+greater JJR B-NP
+than IN I-NP
+90 CD I-NP
+% NN I-NP
+of IN B-PP
+their PRP$ B-NP
+usual JJ I-NP
+capacity NN I-NP
+, , O
+but CC O
+a DT B-NP
+Nob NNP I-NP
+Hill NNP I-NP
+hotel NN I-NP
+said VBD B-VP
+tourists NNS B-NP
+had VBD B-VP
+fled VBN I-VP
+, , O
+leaving VBG B-VP
+the DT B-NP
+previously RB I-NP
+full JJ I-NP
+hotel NN I-NP
+with IN B-PP
+an DT B-NP
+80 CD I-NP
+% NN I-NP
+vacancy NN I-NP
+rate NN I-NP
+. . O
+
+City NN B-NP
+crews NNS I-NP
+tallied VBD B-VP
+the DT B-NP
+wreckage NN I-NP
+to TO B-PP
+buildings NNS B-NP
+, , O
+but CC O
+lacked VBD B-VP
+a DT B-NP
+clear JJ I-NP
+sense NN I-NP
+of IN B-PP
+how WRB B-ADVP
+gravely RB I-ADVP
+transportation NN B-NP
+arteries NNS I-NP
+were VBD B-VP
+disabled JJ I-VP
+. . O
+
+Among IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+banks NNS I-NP
+, , O
+Bank NNP B-NP
+of IN B-PP
+America NNP B-NP
+said VBD B-VP
+all DT B-NP
+but CC I-NP
+eight CD I-NP
+of IN B-PP
+its PRP$ B-NP
+850 CD I-NP
+branches NNS I-NP
+were VBD B-VP
+open JJ B-ADJP
+. . O
+
+The DT B-NP
+closed VBD I-NP
+branches NNS I-NP
+, , O
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+Hayward NNP B-NP
+, , O
+Santa NNP B-NP
+Clara NNP I-NP
+and CC O
+Santa NNP B-NP
+Cruz NNP I-NP
+, , O
+sustained VBN B-VP
+structural JJ B-NP
+damage NN I-NP
+. . O
+
+Power NN B-NP
+failures NNS I-NP
+kept VBD B-VP
+just RB B-NP
+seven CD I-NP
+of IN B-PP
+its PRP$ B-NP
+1,500 CD I-NP
+automated-teller JJ I-NP
+machines NNS I-NP
+off-line JJ B-ADJP
+. . O
+
+Securities-trading JJ B-NP
+operations NNS I-NP
+were VBD B-VP
+moved VBN I-VP
+to TO B-PP
+Bank NNP B-NP
+of IN B-PP
+America NNP B-NP
+'s POS B-NP
+Concord NNP I-NP
+office NN I-NP
+, , O
+and CC O
+foreign-exchange JJ B-NP
+trading NN I-NP
+operations NNS I-NP
+were VBD B-VP
+shifted VBN I-VP
+to TO B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+the DT B-NP
+bank NN I-NP
+said VBD B-VP
+. . O
+
+Wells NNP B-NP
+Fargo NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+Emergency NNP I-NP
+Operations NNP I-NP
+Committee NNP I-NP
+-- : O
+which WDT B-NP
+met VBD B-VP
+all DT B-NP
+night NN I-NP
+Tuesday NNP B-NP
+-- : O
+moved VBD B-VP
+its PRP$ B-NP
+global-funds JJ I-NP
+transfer NN I-NP
+system NN I-NP
+to TO B-PP
+El NNP B-NP
+Monte NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+500 CD B-NP
+miles NNS I-NP
+to TO B-PP
+the DT B-NP
+south RB I-NP
+. . O
+
+Only RB B-NP
+five CD I-NP
+of IN B-PP
+496 CD B-NP
+branches NNS I-NP
+statewide JJ B-ADVP
+remain VB B-VP
+closed VBD B-ADJP
+, , O
+while IN B-SBAR
+23 CD B-NP
+of IN B-PP
+600 CD B-NP
+automated-teller JJ I-NP
+machines NNS I-NP
+remained VBD B-VP
+out IN B-PP
+of IN B-PP
+order NN B-NP
+. . O
+
+The DT B-NP
+most RBS I-NP
+extensive JJ I-NP
+damage NN I-NP
+was VBD B-VP
+in IN B-PP
+small JJ B-NP
+towns NNS I-NP
+near IN B-PP
+the DT B-NP
+quake NN I-NP
+'s POS B-NP
+epicenter NN I-NP
+, , O
+80 CD B-NP
+miles NNS I-NP
+south RB B-ADVP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+Santa NNP B-NP
+Cruz NNP I-NP
+County NNP I-NP
+estimates NNS B-VP
+total JJ B-NP
+damage NN I-NP
+at IN B-PP
+nearly RB B-NP
+$ $ I-NP
+600 CD I-NP
+million CD I-NP
+. . O
+
+Santa NNP B-NP
+Clara NNP I-NP
+County NNP I-NP
+has VBZ B-VP
+a DT B-NP
+running VBG I-NP
+total JJ I-NP
+so RB B-ADVP
+far RB I-ADVP
+of IN B-PP
+$ $ B-NP
+504 CD I-NP
+million CD I-NP
+, , O
+excluding VBG B-PP
+the DT B-NP
+hard-hit JJ I-NP
+city NN I-NP
+of IN B-PP
+Los NNP B-NP
+Gatos NNP I-NP
+. . O
+
+Oakland NN B-NP
+officials NNS I-NP
+were VBD B-VP
+still RB B-ADVP
+uncertain JJ B-ADJP
+about IN B-PP
+the DT B-NP
+magnitude NN I-NP
+of IN B-PP
+structural JJ B-NP
+damage NN I-NP
+late JJ B-NP
+yesterday NN I-NP
+; : O
+a DT B-NP
+section NN I-NP
+of IN B-PP
+I-880 NN B-NP
+, , O
+a DT B-NP
+twotiered JJ I-NP
+highway NN I-NP
+, , O
+collapsed VBD B-VP
+in IN B-PP
+Oakland NNP B-NP
+, , O
+causing VBG B-VP
+a DT B-NP
+majority NN I-NP
+of IN B-PP
+the DT B-NP
+deaths NNS I-NP
+resulting VBG B-VP
+from IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+San NNP B-NP
+Francisco NNP I-NP
+Mayor NNP I-NP
+Art NNP I-NP
+Agnos NNP I-NP
+estimated VBD B-VP
+that IN B-SBAR
+damages NNS B-NP
+to TO B-PP
+the DT B-NP
+city NN I-NP
+total JJ B-VP
+$ $ B-NP
+2 CD I-NP
+billion CD I-NP
+. . O
+
+That DT B-NP
+includes VBZ B-VP
+dwellings NNS B-NP
+in IN B-PP
+the DT B-NP
+ravaged VBN I-NP
+Marina NNP I-NP
+district NN I-NP
+that WDT B-NP
+must MD B-VP
+be VB I-VP
+demolished VBN I-VP
+, , O
+peeled VBN B-NP
+business NN I-NP
+facades NNS I-NP
+south RB B-ADVP
+of IN B-PP
+Market NNP B-NP
+Street NNP I-NP
+, , O
+and CC O
+houses NNS B-NP
+in IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+outer JJ I-NP
+Richmond NNP I-NP
+district NN I-NP
+that WDT B-NP
+were VBD B-VP
+heaved VBN I-VP
+off IN B-PP
+their PRP$ B-NP
+foundations NNS I-NP
+. . O
+
+Many JJ B-NP
+streets NNS I-NP
+and CC I-NP
+sidewalks NNS I-NP
+buckled VBD B-VP
+, , O
+and CC O
+subterranean JJ B-NP
+water NN I-NP
+mains NNS I-NP
+and CC I-NP
+service NN I-NP
+connections NNS I-NP
+ruptured VBN B-VP
+. . O
+
+The DT B-NP
+federal JJ I-NP
+funds NNS I-NP
+would MD B-VP
+go VB I-VP
+to TO B-PP
+a DT B-NP
+range NN I-NP
+of IN B-PP
+programs NNS B-NP
+, , O
+including VBG B-PP
+the DT B-NP
+Federal NNP I-NP
+Emergency NNP I-NP
+Management NNP I-NP
+Agency NNP I-NP
+, , O
+highway NN B-NP
+construction NN I-NP
+accounts NNS I-NP
+and CC O
+the DT B-NP
+Small NNP I-NP
+Business NNP I-NP
+Administration NNP I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Rep. NNP B-NP
+Vic NNP I-NP
+Fazio NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Calif NNP B-NP
+. . O
+-RRB- ) O
+. . O
+
+FEMA NNP B-NP
+, , O
+which WDT B-NP
+coordinates VBZ B-VP
+federal JJ B-NP
+disaster NN I-NP
+relief NN I-NP
+, , O
+is VBZ B-VP
+already RB B-ADVP
+strapped VBN B-ADJP
+by IN B-PP
+the DT B-NP
+costs NNS I-NP
+of IN B-PP
+cleaning NN B-VP
+up IN B-PRT
+after IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+which WDT B-NP
+hit VBD B-VP
+the DT B-NP
+Carolinas NNPS I-NP
+last JJ B-NP
+month NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+get VB I-VP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+800 CD I-NP
+million CD I-NP
+initially RB B-ADVP
+in IN B-PP
+additional JJ B-NP
+funds NNS I-NP
+, , O
+and CC O
+eventually RB B-VP
+could MD I-VP
+get VB I-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Mr. NNP B-NP
+Fazio NNP I-NP
+, , O
+a DT B-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+House NNP I-NP
+Appropriations NNP I-NP
+Committee NNP I-NP
+. . O
+
+White NNP B-NP
+House NNP I-NP
+spokesman NN I-NP
+Marlin NNP I-NP
+Fitzwater NNP I-NP
+said VBD B-VP
+there EX B-NP
+is VBZ B-VP
+enough JJ B-NP
+money NN I-NP
+on IN B-PP
+hand NN B-NP
+to TO B-VP
+deal VB I-VP
+with IN B-PP
+immediate JJ B-NP
+requirements NNS I-NP
+. . O
+
+The DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+has VBZ B-VP
+at IN B-PP
+its PRP$ B-NP
+disposal NN I-NP
+$ $ B-NP
+273 CD I-NP
+million CD I-NP
+in IN B-PP
+funds NNS B-NP
+remaining VBG B-VP
+from IN B-PP
+the DT B-NP
+$ $ I-NP
+1.1 CD I-NP
+billion CD I-NP
+Congress NNP B-NP
+released VBD B-VP
+for IN B-PP
+the DT B-NP
+cleanup NN I-NP
+after IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+feel VBP B-VP
+we PRP B-NP
+have VBP B-VP
+the DT B-NP
+money NN I-NP
+necessary JJ B-ADJP
+to TO B-VP
+handle VB I-VP
+the DT B-NP
+immediate JJ I-NP
+, , I-NP
+short-term JJ I-NP
+requirements NNS I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Fitzwater NNP I-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Office NNP I-NP
+of IN B-PP
+Management NNP B-NP
+and CC I-NP
+Budget NNP I-NP
+, , O
+the DT B-NP
+Transportation NNP I-NP
+Department NNP I-NP
+and CC O
+other JJ B-NP
+agencies NNS I-NP
+are VBP B-VP
+`` `` O
+developing VBG B-VP
+longer-term JJ B-NP
+legislation NN I-NP
+'' '' O
+that WDT B-NP
+should MD B-VP
+be VB I-VP
+ready JJ B-ADJP
+soon RB B-ADVP
+. . O
+
+Much RB B-NP
+of IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+cleaning NN B-VP
+up IN B-PRT
+after IN B-PP
+the DT B-NP
+earthquake NN I-NP
+will MD B-VP
+involve VB I-VP
+repairing VBG I-VP
+highways NNS B-NP
+and CC I-NP
+bridges NNS I-NP
+. . O
+
+California JJ B-NP
+lawmakers NNS I-NP
+are VBP B-VP
+seeking VBG I-VP
+changes NNS B-NP
+in IN B-PP
+rules NNS B-NP
+governing VBG B-VP
+the DT B-NP
+federal JJ I-NP
+highway NN I-NP
+relief NN I-NP
+program NN I-NP
+so RB O
+more JJR B-NP
+money NN I-NP
+can MD B-VP
+be VB I-VP
+made VBN I-VP
+available JJ B-ADJP
+for IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+Some DT B-NP
+things NNS I-NP
+ca MD B-VP
+n't RB I-VP
+be VB I-VP
+repaired VBN I-VP
+. . O
+
+The DT B-NP
+Asian NNP I-NP
+Art NNP I-NP
+Museum NNP I-NP
+in IN B-PP
+Golden NNP B-NP
+Gate NNP I-NP
+Park NNP I-NP
+reports NNS B-VP
+$ $ B-NP
+10 CD I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+15 CD I-NP
+million CD I-NP
+in IN B-PP
+damage NN B-NP
+, , O
+including VBG B-PP
+shattered VBN B-NP
+porcelains NNS I-NP
+and CC I-NP
+stone NN I-NP
+figures NNS I-NP
+. . O
+
+Its PRP$ B-NP
+neighbor NN I-NP
+, , O
+the DT B-NP
+De NNP I-NP
+Young NNP I-NP
+Museum NNP I-NP
+, , O
+totaled VBD B-VP
+$ $ B-NP
+3 CD I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+5 NN I-NP
+million CD I-NP
+in IN B-PP
+structural JJ B-NP
+damage NN I-NP
+and CC O
+shattered VBN B-NP
+sculpture NN I-NP
+. . O
+
+The DT B-NP
+city NN I-NP
+'s POS B-NP
+main JJ I-NP
+library NN I-NP
+is VBZ B-VP
+closed VBN I-VP
+because IN B-PP
+of IN I-PP
+fissures NNS B-NP
+that WDT B-NP
+opened VBD B-VP
+in IN B-PP
+its PRP$ B-NP
+walls NNS I-NP
+, , O
+and CC O
+marble NN B-NP
+facings NNS I-NP
+and CC O
+ornamental JJ B-NP
+plaster NN I-NP
+at IN B-PP
+the DT B-NP
+Beaux NNP I-NP
+Arts NNP I-NP
+City NNP I-NP
+Hall NNP I-NP
+broke VBD B-VP
+off IN B-PRT
+in IN B-PP
+the DT B-NP
+temblor NN I-NP
+. . O
+
+The DT B-NP
+ground NN I-NP
+along IN B-PP
+the DT B-NP
+Embarcadero NNP I-NP
+the DT B-NP
+street NN I-NP
+that IN B-NP
+skirts VBZ B-VP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+eastern JJ I-NP
+boundary NN I-NP
+and CC I-NP
+piers NNS I-NP
+-- : O
+dropped VBD B-VP
+six CD B-NP
+inches NNS I-NP
+after IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+wreaking VBG B-VP
+major JJ B-NP
+damage NN I-NP
+to TO B-PP
+at IN B-NP
+least JJS I-NP
+one CD I-NP
+of IN B-PP
+the DT B-NP
+piers NNS I-NP
+. . O
+
+At IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+International NNP I-NP
+Airport NNP I-NP
+, , O
+shock NN B-NP
+waves NNS I-NP
+wrecked VBD B-VP
+the DT B-NP
+control NN I-NP
+tower NN I-NP
+, , O
+knocking VBG B-VP
+down JJ B-ADVP
+computers NNS B-NP
+and CC O
+shattering VBG B-VP
+glass NN B-NP
+. . O
+
+Offices NNS B-NP
+of IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+Rent NNP I-NP
+Board NNP I-NP
+were VBD B-VP
+destroyed VBN I-VP
+. . O
+
+Mayor NNP B-NP
+Agnos NNP I-NP
+'s POS B-NP
+$ $ B-ADJP
+2 CD O
+billion CD O
+estimate NN B-NP
+does VBZ B-VP
+n't RB I-VP
+include VB I-VP
+damage NN B-NP
+to TO B-PP
+freeway NN B-NP
+arteries NNS I-NP
+leading VBG B-VP
+into IN B-PP
+the DT B-NP
+city NN I-NP
+, , O
+some DT B-NP
+of IN B-PP
+which WDT B-NP
+remained VBD B-VP
+closed VBN B-ADJP
+. . O
+
+A DT B-NP
+major JJ I-NP
+chunk NN I-NP
+of IN B-PP
+the DT B-NP
+$ $ I-NP
+2 CD I-NP
+billion CD I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+eaten VBN I-VP
+up IN B-PRT
+by IN B-PP
+overtime NN B-NP
+for IN B-PP
+city NN B-NP
+workers NNS I-NP
+deployed VBN B-VP
+in IN B-PP
+the DT B-NP
+emergency NN I-NP
+, , O
+said VBD B-VP
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+Mr. NNP B-NP
+Agnos NNP I-NP
+. . O
+
+`` `` O
+All DT B-NP
+of IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+$ $ B-ADJP
+5.9 CD O
+million CD O
+emergency NN B-NP
+reserve NN I-NP
+was VBD B-VP
+spent VBN I-VP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+24 CD I-NP
+hours NNS I-NP
+'' '' O
+on IN B-PP
+overtime NN B-NP
+salaries NNS I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Insurers NNS B-NP
+struggled VBD B-VP
+to TO I-VP
+to TO I-VP
+get VB I-VP
+a DT B-NP
+firm NN I-NP
+grasp NN I-NP
+on IN B-PP
+the DT B-NP
+volume NN I-NP
+of IN B-PP
+claims NNS B-NP
+pouring VBG B-VP
+into IN B-PP
+their PRP$ B-NP
+offices NNS I-NP
+. . O
+
+At IN B-PP
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+142 CD B-NP
+claims NNS I-NP
+were VBD B-VP
+received VBN I-VP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+24 CD I-NP
+hours NNS I-NP
+after IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+and CC O
+the DT B-NP
+company NN I-NP
+is VBZ B-VP
+braced VBN I-VP
+for IN B-PP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+5,000 CD I-NP
+claims NNS I-NP
+from IN B-PP
+its PRP$ B-NP
+35,000 CD I-NP
+residential JJ I-NP
+and CC I-NP
+35,000 CD I-NP
+business NN I-NP
+policyholders NNS I-NP
+in IN B-PP
+the DT B-NP
+affected VBN I-NP
+area NN I-NP
+. . O
+
+`` `` O
+Claims NNPS B-NP
+range NN B-VP
+from IN B-PP
+a DT B-NP
+scratched VBN I-NP
+fender NN I-NP
+-- : O
+and CC O
+there EX B-NP
+were VBD B-VP
+an DT B-NP
+awful JJ I-NP
+lot NN I-NP
+of IN B-PP
+cars NNS B-NP
+damaged VBN B-VP
+in IN B-PP
+this DT B-NP
+-- : O
+to TO B-PP
+a DT B-NP
+major JJ I-NP
+processing NN I-NP
+plant NN I-NP
+, , O
+'' '' O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+delivering VBG I-VP
+a DT B-NP
+check NN I-NP
+for IN B-PP
+$ $ B-NP
+750,000 CD I-NP
+to TO B-PP
+an DT B-NP
+automotive JJ I-NP
+business NN I-NP
+in IN B-PP
+Berkeley NNP B-NP
+that WDT B-NP
+burned VBD B-VP
+on IN B-PP
+Tuesday NNP B-NP
+. . O
+'' '' O
+
+Fireman NNP B-NP
+'s POS B-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+38 CD I-NP
+million CD I-NP
+syndicate NN I-NP
+that IN B-NP
+supplies NNS B-VP
+business NN B-NP
+interruption NN I-NP
+insurance NN I-NP
+to TO B-PP
+the DT B-NP
+city NN I-NP
+on IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+, , O
+which WDT B-NP
+must MD B-VP
+pay VB I-VP
+employees NNS B-NP
+during IN B-PP
+the DT B-NP
+three CD I-NP
+weeks NNS I-NP
+or CC I-NP
+more JJR I-NP
+it PRP B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+out IN B-PP
+of IN B-PP
+service NN B-NP
+and CC O
+deprived VBN B-VP
+of IN B-PP
+toll NN B-NP
+income NN I-NP
+. . O
+
+California JJ B-NP
+lawmakers NNS I-NP
+want VBP B-VP
+to TO I-VP
+eliminate VB I-VP
+temporarily RB B-ADVP
+a DT B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+cap NN I-NP
+on IN B-PP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+federal JJ B-NP
+highway NN I-NP
+relief NN I-NP
+for IN B-PP
+each DT B-NP
+state NN I-NP
+for IN B-PP
+each DT B-NP
+disaster NN I-NP
+, , O
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+a DT B-NP
+prohibition NN I-NP
+on IN B-PP
+using VBG B-VP
+the DT B-NP
+emergency NN I-NP
+highway NN I-NP
+aid NN I-NP
+to TO B-VP
+repair VB I-VP
+toll NN B-NP
+roads NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+under IN B-PP
+the DT B-NP
+highway-relief JJ I-NP
+program NN I-NP
+, , O
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+provides VBZ B-VP
+100 CD B-NP
+% NN I-NP
+of IN B-PP
+emergency NN B-NP
+highway NN I-NP
+aid NN I-NP
+for IN B-PP
+only RB B-NP
+the DT I-NP
+first JJ I-NP
+90 CD I-NP
+days NNS I-NP
+of IN B-PP
+a DT B-NP
+repair NN I-NP
+effort NN I-NP
+. . O
+
+After IN B-PP
+that DT B-NP
+, , O
+the DT B-NP
+federal JJ I-NP
+share NN I-NP
+diminishes VBZ B-VP
+. . O
+
+For IN B-PP
+interstate JJ B-NP
+highways NNS I-NP
+, , O
+the DT B-NP
+federal JJ I-NP
+share NN I-NP
+normally RB B-ADVP
+would MD B-VP
+drop VB I-VP
+to TO B-PP
+90 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+repairs NNS B-NP
+, , O
+and CC O
+the DT B-NP
+state NN I-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+pick VB I-VP
+up IN B-PRT
+the DT B-NP
+remainder NN I-NP
+of IN B-PP
+the DT B-NP
+cost NN I-NP
+. . O
+
+But CC O
+lawmakers NNS B-NP
+want VBP B-VP
+to TO I-VP
+extend VB I-VP
+the DT B-NP
+period NN I-NP
+for IN B-PP
+100 CD B-NP
+% NN I-NP
+federal JJ I-NP
+funding NN I-NP
+for IN B-PP
+several JJ B-NP
+months NNS I-NP
+. . O
+
+Those DT B-NP
+changes NNS I-NP
+also RB B-ADVP
+would MD B-VP
+apply VB I-VP
+to TO B-PP
+two CD B-NP
+areas NNS I-NP
+hit VBD B-VP
+hard JJ B-ADVP
+by IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+-- : O
+South NNP B-NP
+Carolina NNP I-NP
+and CC O
+the DT B-NP
+U.S. NNP I-NP
+Virgin NNP I-NP
+Islands NNPS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+an DT B-NP
+aide NN I-NP
+to TO B-PP
+Rep. NNP B-NP
+Fazio NNP I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+FEMA NNP I-NP
+announced VBD B-VP
+a DT B-NP
+toll-free JJ I-NP
+telephone NN I-NP
+number NN I-NP
+-LRB- ( O
+800-462-9029 CD B-NP
+-RRB- ) O
+to TO B-VP
+expedite VB I-VP
+service NN B-NP
+to TO B-PP
+victims NNS B-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+. . O
+
+Lines NNS B-NP
+will MD B-VP
+be VB I-VP
+available JJ B-ADJP
+24 CD B-NP
+hours VBZ I-NP
+a DT B-NP
+day NN I-NP
+to TO B-VP
+take VB I-VP
+applications NNS B-NP
+for IN B-PP
+such JJ B-NP
+disaster NN I-NP
+relief NN I-NP
+as IN B-PP
+temporary JJ B-NP
+housing NN I-NP
+and CC O
+emergency NN B-NP
+home NN I-NP
+repairs NNS I-NP
+by IN B-PP
+phone NN B-NP
+. . O
+
+Transportation NN B-NP
+officials NNS I-NP
+are VBP B-VP
+expecting VBG I-VP
+utter JJ B-NP
+traffic NN I-NP
+pandemonium NN I-NP
+beginning VBG B-VP
+Monday NNP B-NP
+and CC O
+growing VBG B-VP
+worse JJR B-ADJP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+several JJ I-NP
+weeks NNS I-NP
+. . O
+
+Some DT B-NP
+250,000 CD I-NP
+cars NNS I-NP
+normally RB B-ADVP
+cross VBP B-VP
+the DT B-NP
+closed VBN I-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+between IN B-PP
+Oakland NNP B-NP
+and CC O
+San NNP B-NP
+Francisco NNP I-NP
+daily JJ B-ADVP
+. . O
+
+Officials NNS B-NP
+say VBP B-VP
+it PRP B-NP
+is VBZ B-VP
+clear JJ B-ADJP
+that IN B-SBAR
+alternate JJ B-NP
+routes NNS I-NP
+ca MD B-VP
+n't RB I-VP
+handle VB I-VP
+the DT B-NP
+overflow NN I-NP
+. . O
+
+The DT B-NP
+state NN I-NP
+is VBZ B-VP
+calling VBG I-VP
+in IN B-PRT
+a DT B-NP
+flotilla NN I-NP
+of IN B-PP
+navy NN B-NP
+landing NN I-NP
+vessels NNS I-NP
+and CC O
+other JJ B-NP
+boats NNS I-NP
+to TO B-VP
+expand VB I-VP
+ferry NN B-NP
+service NN I-NP
+across IN B-PP
+the DT B-NP
+bay NN I-NP
+and CC O
+hopes VBZ B-VP
+to TO I-VP
+add VB I-VP
+numerous JJ B-NP
+new JJ I-NP
+bus NN I-NP
+routes NNS I-NP
+and CC I-NP
+train NN I-NP
+departures NNS I-NP
+to TO B-VP
+help VB I-VP
+alleviate VB I-VP
+the DT B-NP
+traffic NN I-NP
+problem NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+state NN B-NP
+officials NNS I-NP
+are VBP B-VP
+urging VBG I-VP
+freight NN B-NP
+haulers NNS I-NP
+to TO B-VP
+bypass VB I-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+area NN I-NP
+'s POS B-NP
+main JJ I-NP
+highways NNS I-NP
+and CC O
+to TO B-VP
+travel VB I-VP
+late RB B-ADVP
+at IN B-PP
+night NN B-NP
+or CC O
+during IN B-PP
+predawn JJ B-NP
+hours NNS I-NP
+. . O
+
+Even RB B-ADVP
+so RB I-ADVP
+, , O
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+looking VBG I-VP
+for IN B-PP
+chaos NN B-NP
+, , O
+'' '' O
+said VBD B-VP
+George NNP B-NP
+Gray NNP I-NP
+, , O
+a DT B-NP
+deputy NN I-NP
+district NN I-NP
+director NN I-NP
+at IN B-PP
+the DT B-NP
+California NNP I-NP
+Department NNP I-NP
+of IN B-PP
+Transportation NNP B-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+there EX B-NP
+'s VBZ B-VP
+any DT B-NP
+way NN I-NP
+you PRP B-NP
+can MD B-VP
+do VB I-VP
+it PRP B-NP
+, , O
+you PRP B-NP
+ought MD B-VP
+to TO I-VP
+go VB I-VP
+to TO B-PP
+Idaho NNP B-NP
+and CC O
+go VB B-VP
+fishing NN B-NP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+. . O
+'' '' O
+
+Most JJS B-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+tourists NNS I-NP
+and CC I-NP
+business NN I-NP
+travelers NNS I-NP
+already RB B-ADVP
+have VBP B-VP
+left VBN I-VP
+-- : O
+despite IN B-PP
+hotel NN B-NP
+'s POS B-NP
+offers NNS I-NP
+of IN B-PP
+rate NN B-NP
+cuts NNS I-NP
+. . O
+
+`` `` O
+Everyone NN B-NP
+left VBN B-VP
+, , O
+'' '' O
+said VBD B-VP
+Peter NNP B-NP
+Lang NNP I-NP
+, , O
+reservations NNS B-NP
+manager NN I-NP
+of IN B-PP
+the DT B-NP
+Mark NNP I-NP
+Hopkins NNP I-NP
+Hotel NNP I-NP
+. . O
+
+The DT B-NP
+Westin NNP I-NP
+St. NNP I-NP
+Francis NNP I-NP
+hotel NN I-NP
+, , O
+which WDT B-NP
+survived VBD B-VP
+the DT B-NP
+1906 CD I-NP
+earthquake NN I-NP
+and CC I-NP
+fire NN I-NP
+, , O
+currently RB B-ADVP
+is VBZ B-VP
+less JJR B-NP
+than IN I-NP
+50 CD I-NP
+% NN I-NP
+occupied VBN B-ADJP
+. . O
+
+`` `` O
+We PRP B-NP
+still RB B-ADVP
+have VBP B-VP
+our PRP$ B-NP
+die-hard JJ I-NP
+baseball NN I-NP
+fans NNS I-NP
+, , O
+'' '' O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+One CD B-NP
+lady NN I-NP
+from IN B-PP
+New NNP B-NP
+York NNP I-NP
+said VBD B-VP
+she PRP B-NP
+'s VBZ B-VP
+not RB I-VP
+going VBG I-VP
+home NN B-ADVP
+until IN B-SBAR
+the DT B-NP
+-LCB- ( I-NP
+World NNP I-NP
+Series NNP I-NP
+-RCB- ) O
+is VBZ B-VP
+over IN B-ADVP
+. . O
+'' '' O
+
+Gerald NNP B-NP
+F. NNP I-NP
+Seib NNP I-NP
+and CC O
+Joe NNP B-NP
+Davidson NNP I-NP
+in IN B-PP
+Washington NNP B-NP
+contributed VBD B-VP
+to TO B-PP
+this DT B-NP
+article NN I-NP
+. . O
+
+Is VBZ O
+an DT B-NP
+American NNP I-NP
+Secretary NNP I-NP
+of IN B-PP
+State NNP B-NP
+seriously RB B-VP
+suggesting VBG I-VP
+that IN B-SBAR
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+should MD B-VP
+help VB I-VP
+govern VB I-VP
+Cambodia NNP B-NP
+? . O
+
+Apparently RB B-ADVP
+so RB I-ADVP
+. . O
+
+There EX B-NP
+are VBP B-VP
+no DT B-NP
+easy JJ I-NP
+choices NNS I-NP
+in IN B-PP
+Cambodia NNP B-NP
+, , O
+but CC O
+we PRP B-NP
+ca MD B-VP
+n't RB I-VP
+imagine VB I-VP
+that IN B-SBAR
+it PRP B-NP
+benefits VBZ B-VP
+the DT B-NP
+U.S. NNP I-NP
+to TO B-VP
+become VB I-VP
+the DT B-NP
+catalyst NN I-NP
+for IN B-PP
+an DT B-NP
+all-too-familiar JJ I-NP
+process NN I-NP
+that WDT B-NP
+could MD B-VP
+end VB I-VP
+in IN B-PP
+another DT B-NP
+round NN I-NP
+of IN B-PP
+horror NN B-NP
+in IN B-PP
+Cambodia NNP B-NP
+. . O
+
+Now RB B-ADVP
+that IN B-SBAR
+Vietnam NNP B-NP
+appears VBZ B-VP
+to TO I-VP
+have VB I-VP
+pulled VBN I-VP
+out IN B-PRT
+its PRP$ B-NP
+occupation NN I-NP
+army NN I-NP
+, , O
+the DT B-NP
+State NNP I-NP
+Department NNP I-NP
+is VBZ B-VP
+talking VBG I-VP
+again RB B-ADVP
+about IN B-PP
+accepting VBG B-VP
+an DT B-NP
+`` `` I-NP
+interim JJ I-NP
+'' '' I-NP
+coalition NN I-NP
+government NN I-NP
+in IN B-PP
+the DT B-NP
+Cambodian JJ I-NP
+capital NN I-NP
+of IN B-PP
+Phnom NNP B-NP
+Penh NNP I-NP
+. . O
+
+The DT B-NP
+coalition NN I-NP
+would MD B-VP
+include VB I-VP
+the DT B-NP
+current JJ I-NP
+Vietnamese-backed JJ I-NP
+Hun NNP I-NP
+Sen NNP I-NP
+regime NN I-NP
+, , O
+the DT B-NP
+two CD I-NP
+non-communist JJ I-NP
+resistance NN I-NP
+groups NNS I-NP
+led VBN B-VP
+by IN B-PP
+Son NNP B-NP
+Sann NNP I-NP
+and CC O
+Prince NNP B-NP
+Sihanouk NNP I-NP
+, , O
+and CC O
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+. . O
+
+The DT B-NP
+aim NN I-NP
+would MD B-VP
+be VB I-VP
+to TO B-VP
+end VB I-VP
+the DT B-NP
+guerrilla NN I-NP
+war NN I-NP
+for IN B-PP
+control NN B-NP
+of IN B-PP
+Cambodia NNP B-NP
+by IN B-PP
+allowing VBG B-VP
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+a DT B-NP
+small JJ I-NP
+share NN I-NP
+of IN B-PP
+power NN B-NP
+. . O
+
+The DT B-NP
+State NNP I-NP
+Department NNP I-NP
+says VBZ B-VP
+that IN B-SBAR
+any DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+participation NN I-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+be VB I-VP
+`` `` O
+minimal JJ B-ADJP
+. . O
+'' '' O
+
+The DT B-NP
+usual JJ I-NP
+problem NN I-NP
+with IN B-PP
+including VBG B-VP
+communists NNS B-NP
+in IN B-PP
+`` `` B-NP
+interim JJ I-NP
+'' '' I-NP
+coalition NN I-NP
+governments NNS I-NP
+is VBZ B-VP
+that IN B-SBAR
+their PRP$ B-NP
+ideology NN I-NP
+and CC I-NP
+methods NNS I-NP
+require VBP B-VP
+they PRP B-NP
+squeeze VBP B-VP
+out IN B-PRT
+everyone NN B-NP
+else RB B-ADJP
+. . O
+
+Recall VB B-VP
+that IN B-SBAR
+Nicaragua NNP B-NP
+'s POS B-NP
+Sandinistas NNPS I-NP
+came VBD B-VP
+into IN B-PP
+Managua NNP B-NP
+as IN B-PP
+partners NNS B-NP
+in IN B-PP
+a DT B-NP
+coalition NN I-NP
+government NN I-NP
+with IN B-PP
+anti-Somoza JJ B-NP
+moderates NNS I-NP
+. . O
+
+Within IN B-PP
+two CD B-NP
+years NNS I-NP
+, , O
+the DT B-NP
+moderates NNS I-NP
+were VBD B-VP
+exiled VBN B-VP
+or CC O
+in IN B-PP
+prison NN B-NP
+, , O
+Nicaragua NNP B-NP
+had VBD B-VP
+gone VBN I-VP
+communist JJ B-ADJP
+, , O
+and CC O
+the DT B-NP
+Sandinistas NNPS I-NP
+were VBD B-VP
+building NN I-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+biggest JJS I-NP
+armies NNS I-NP
+in IN B-PP
+Latin NNP B-NP
+America NNP I-NP
+and CC O
+threatening VBG B-VP
+their PRP$ B-NP
+neighbors NNS I-NP
+. . O
+
+In IN B-PP
+Laos NNP B-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+Western JJ I-NP
+powers NNS I-NP
+bowed VBD B-VP
+to TO B-PP
+pressure VB B-NP
+for IN B-PP
+such JJ B-NP
+a DT I-NP
+coalition NN I-NP
+it PRP B-NP
+turned VBD B-VP
+out IN B-PRT
+they PRP B-NP
+were VBD B-VP
+opening VBG I-VP
+the DT B-NP
+door NN I-NP
+to TO B-PP
+communist JJ B-NP
+domination NN I-NP
+. . O
+
+Even RB O
+Mao NNP B-NP
+Tse-tung NNP I-NP
+'s POS B-NP
+China NNP I-NP
+began VBD B-VP
+in IN B-PP
+1949 CD B-NP
+with IN B-PP
+a DT B-NP
+partnership NN I-NP
+between IN B-PP
+the DT B-NP
+communists NNS I-NP
+and CC O
+a DT B-NP
+number NN I-NP
+of IN B-PP
+smaller JJR B-NP
+, , I-NP
+non-communist JJ I-NP
+parties NNS I-NP
+. . O
+
+What WP B-NP
+complicates VBZ B-VP
+the DT B-NP
+scene NN I-NP
+in IN B-PP
+Cambodia NNP B-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+current JJ I-NP
+regime NN I-NP
+is VBZ B-VP
+already RB B-ADVP
+communist JJ B-ADJP
+, , O
+as IN B-SBAR
+are VBP B-VP
+its PRP$ B-NP
+Vietnamese JJ I-NP
+overseers NNS I-NP
+back RB B-PP
+in IN I-PP
+Hanoi NNP B-NP
+, , O
+as IN B-SBAR
+are VBP B-VP
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+-- : O
+who WP B-NP
+are VBP B-VP
+the DT B-NP
+strongest JJS I-NP
+of IN B-PP
+the DT B-NP
+three CD I-NP
+guerrilla NN I-NP
+groups NNS I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+not RB B-ADJP
+clear JJ I-ADJP
+which WDT B-NP
+crew NN I-NP
+of IN B-PP
+communists NNS B-NP
+might MD B-VP
+prevail VB I-VP
+in IN B-PP
+a DT B-NP
+coalition NN I-NP
+government NN I-NP
+, , O
+but CC O
+the DT B-NP
+one CD I-NP
+good JJ I-NP
+bet NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+non-communists NNS I-NP
+would MD B-VP
+disappear VB I-VP
+. . O
+
+That DT B-NP
+would MD B-VP
+leave VB I-VP
+Hun NNP B-NP
+Sen NNP I-NP
+and CC O
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+. . O
+
+The DT B-NP
+Hun NNP I-NP
+Sen NNP I-NP
+regime NN I-NP
+has VBZ B-VP
+sent VBN I-VP
+thousands NNS B-NP
+of IN B-PP
+conscript NN B-NP
+laborers NNS I-NP
+to TO B-VP
+die VB I-VP
+of IN B-PP
+malaria NN B-NP
+and CC I-NP
+malnourishment NN I-NP
+while IN B-SBAR
+building NN B-VP
+Cambodia NNP B-NP
+'s POS B-NP
+equivalent NN I-NP
+of IN B-PP
+the DT B-NP
+Berlin NNP I-NP
+Wall NNP I-NP
+near IN B-PP
+the DT B-NP
+Thai NNP I-NP
+border NN I-NP
+. . O
+
+The DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+, , O
+however RB B-ADVP
+, , O
+carry VB B-VP
+an DT B-NP
+unsurpassed JJ I-NP
+record NN I-NP
+for IN B-PP
+Cambodian JJ B-NP
+tyranny NN I-NP
+. . O
+
+These DT B-NP
+utopians NNS I-NP
+caused VBD B-VP
+the DT B-NP
+deaths NNS I-NP
+-- : O
+by IN B-PP
+starvation NN B-NP
+, , I-NP
+disease NN I-NP
+or CC I-NP
+execution NN I-NP
+-- : O
+of IN B-PP
+well RB B-NP
+over IN I-NP
+one CD I-NP
+million CD I-NP
+Cambodians NNPS I-NP
+. . O
+
+The DT B-NP
+Cambodian JJ I-NP
+horror NN I-NP
+was VBD B-VP
+so RB B-ADJP
+bad JJ I-ADJP
+that IN B-SBAR
+the DT B-NP
+Vietnamese JJ I-NP
+occupation NN I-NP
+in IN B-PP
+1978 CD B-NP
+was VBD B-VP
+a DT B-NP
+perverse JJ I-NP
+form NN I-NP
+of IN B-PP
+relief NN B-NP
+. . O
+
+The DT B-NP
+world NN I-NP
+might MD B-VP
+want VB I-VP
+to TO I-VP
+believe VB I-VP
+that IN B-SBAR
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+ca MD B-VP
+n't RB I-VP
+still RB I-VP
+be VB I-VP
+such JJ B-NP
+bad JJ I-NP
+guys NNS I-NP
+, , O
+just RB B-SBAR
+as IN I-SBAR
+in IN B-PP
+the DT B-NP
+late JJ I-NP
+1970s NNS I-NP
+it PRP B-NP
+was VBD B-VP
+reluctant JJ B-ADJP
+to TO B-VP
+credit VB I-VP
+the DT B-NP
+reports NNS I-NP
+of IN B-PP
+genocide NN B-NP
+then RB B-VP
+taking VBG I-VP
+place NN B-NP
+. . O
+
+But CC O
+there EX B-NP
+is VBZ B-VP
+no DT B-NP
+solid JJ I-NP
+evidence NN I-NP
+that IN B-SBAR
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+have VBP B-VP
+changed VBN I-VP
+. . O
+
+Some DT B-NP
+of IN B-PP
+our PRP$ B-NP
+sources NNS I-NP
+in IN B-PP
+Thailand NNP B-NP
+say VBP B-VP
+the DT B-NP
+notorious JJ I-NP
+old JJ I-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+leader NN I-NP
+, , O
+Pol NNP B-NP
+Pot NNP I-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+holed VBN I-VP
+up IN B-PRT
+this DT B-NP
+summer NN I-NP
+in IN B-PP
+Khmer NNP B-NP
+Rouge NNP I-NP
+camps NNS I-NP
+near IN B-PP
+the DT B-NP
+Thai-Cambodian JJ I-NP
+border NN I-NP
+. . O
+
+So RB O
+it PRP B-NP
+'s VBZ B-VP
+difficult JJ B-ADJP
+to TO B-VP
+swallow VB I-VP
+the DT B-NP
+notion NN I-NP
+that IN B-SBAR
+Mr. NNP B-NP
+Baker NNP I-NP
+is VBZ B-VP
+willing JJ B-ADJP
+to TO B-VP
+accept VB I-VP
+conditions NNS B-NP
+that WDT B-NP
+would MD B-VP
+help VB I-VP
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+set VBD B-VP
+up IN B-PRT
+shop NN B-NP
+again RB B-ADVP
+in IN B-PP
+Phnom NNP B-NP
+Penh NNP I-NP
+. . O
+
+True JJ B-ADVP
+, , O
+Prince NNP B-NP
+Sihanouk NNP I-NP
+backs VBZ B-VP
+the DT B-NP
+idea NN I-NP
+of IN B-PP
+such JJ B-NP
+a DT I-NP
+coalition NN I-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+for IN B-PP
+this DT B-NP
+week NN I-NP
+. . O
+
+But CC O
+Prince NNP B-NP
+Sihanouk NNP I-NP
+has VBZ B-VP
+backed VBN I-VP
+all DT B-NP
+sorts NNS I-NP
+of IN B-PP
+ideas NNS B-NP
+over IN B-PP
+the DT B-NP
+years NNS I-NP
+, , O
+and CC O
+done VBD B-VP
+rather RB B-ADVP
+better JJR I-ADVP
+by IN B-PP
+himself PRP B-NP
+than IN B-PP
+by IN B-PP
+Cambodia NNP B-NP
+. . O
+
+Nor CC O
+should MD O
+the DT B-NP
+U.S. NNP I-NP
+worry NN B-VP
+much JJ B-ADVP
+about IN B-PP
+offending VBG B-VP
+China NNP B-NP
+, , O
+which WDT B-NP
+still RB B-ADVP
+aids VBZ B-VP
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+the DT B-NP
+State NNP I-NP
+Department NNP I-NP
+recognized VBD B-VP
+that IN B-SBAR
+China NNP B-NP
+does VBZ B-VP
+not RB I-VP
+play VB I-VP
+by IN B-PP
+gentlemen NNS B-NP
+'s POS B-NP
+rules NNS I-NP
+. . O
+
+For IN B-SBAR
+the DT B-NP
+U.S. NNP I-NP
+to TO B-VP
+lend VB I-VP
+even RB B-NP
+the DT I-NP
+slightest JJS I-NP
+support NN I-NP
+to TO B-PP
+the DT B-NP
+most RBS I-NP
+infamous JJ I-NP
+killers NNS I-NP
+on IN B-PP
+Indochina NNP B-NP
+'s POS B-NP
+bleak JJ I-NP
+scene NN I-NP
+could MD B-VP
+only RB I-VP
+disturb VB I-VP
+America NNP B-NP
+'s POS B-NP
+allies NNS I-NP
+elsewhere RB B-ADVP
+. . O
+
+It PRP B-NP
+would MD B-VP
+be VB I-VP
+entirely RB B-ADJP
+rational JJ I-ADJP
+for IN B-SBAR
+communist JJ B-NP
+insurgents NNS I-NP
+in IN B-PP
+countries NNS B-NP
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+Philippines NNP I-NP
+or CC O
+Peru NNP B-NP
+to TO B-VP
+conclude VB I-VP
+the DT B-NP
+following VBG I-NP
+: : O
+Fight VB B-VP
+viciously RB B-ADVP
+enough RB I-ADVP
+and CC O
+the DT B-NP
+U.S. NNP I-NP
+, , O
+under IN B-PP
+the DT B-NP
+banner NN I-NP
+of IN B-PP
+pragmatism NN B-NP
+, , O
+might MD B-VP
+eventually RB I-VP
+help VB I-VP
+negotiate VB I-VP
+your PRP$ B-NP
+way NN I-NP
+to TO B-PP
+victory NN B-NP
+. . O
+
+U.S. NNP B-NP
+diplomacy NN I-NP
+has VBZ B-VP
+done VBN I-VP
+it PRP B-NP
+before RB B-ADVP
+, , O
+and CC O
+it PRP B-NP
+will MD B-VP
+likely RB I-VP
+do NN I-VP
+it PRP B-NP
+again RB B-ADVP
+. . O
+
+The DT B-NP
+administration NN I-NP
+and CC O
+Congress NNP B-NP
+have VBP B-VP
+lately RB I-VP
+tangoed VBD I-VP
+around IN B-PP
+the DT B-NP
+idea NN I-NP
+of IN B-PP
+sending VBG B-VP
+military JJ B-NP
+aid NN I-NP
+to TO B-PP
+Cambodia NNP B-NP
+'s POS B-NP
+non-communists NNS I-NP
+. . O
+
+But CC O
+now RB B-ADVP
+the DT B-NP
+possibility NN I-NP
+of IN B-PP
+`` `` O
+diplomatic JJ B-NP
+movement NN I-NP
+'' '' O
+-LRB- ( O
+Vietnam NNP B-NP
+'s POS B-NP
+withdrawal NN I-NP
+, , O
+the DT B-NP
+Baker NNP I-NP
+initiative NN I-NP
+-RRB- ) O
+has VBZ B-VP
+put VBN I-VP
+that DT B-NP
+plan NN I-NP
+on IN B-PP
+hold NN B-NP
+, , O
+with IN B-PP
+the DT B-NP
+proviso NN I-NP
+that IN B-SBAR
+if IN B-SBAR
+the DT B-NP
+going VBG I-NP
+got VBN B-VP
+rough JJ B-ADJP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+would MD B-VP
+then RB I-VP
+rearm VB I-VP
+the DT B-NP
+opposition NN I-NP
+. . O
+
+Why WRB B-ADVP
+the DT B-NP
+timidity NN I-NP
+? . O
+
+At IN B-PP
+the DT B-NP
+very RB I-NP
+least JJS I-NP
+, , O
+the DT B-NP
+odds NNS I-NP
+are VBP B-VP
+heavily RB I-VP
+weighted JJ I-VP
+against IN B-PP
+the DT B-NP
+prospects NNS I-NP
+of IN B-PP
+preventing VBG B-VP
+the DT B-NP
+Khmer NNP I-NP
+Rouge NNP I-NP
+and CC O
+Cambodia NNP B-NP
+'s POS B-NP
+communists NNS I-NP
+from IN B-PP
+ultimately RB B-ADVP
+moving VBG B-VP
+against IN B-PP
+their PRP$ B-NP
+opponents NNS I-NP
+. . O
+
+When WRB B-ADVP
+that DT B-NP
+day NN I-NP
+comes VBZ B-VP
+, , O
+it PRP B-NP
+would MD B-VP
+be VB I-VP
+particularly RB B-ADJP
+awful JJ I-ADJP
+to TO B-VP
+know VB I-VP
+that IN B-SBAR
+the DT B-NP
+United NNP I-NP
+States NNPS I-NP
+sat VBD B-VP
+on IN B-PP
+military JJ B-NP
+aid NN I-NP
+and CC O
+deprived VBD B-VP
+these DT B-NP
+people NNS I-NP
+of IN B-PP
+the DT B-NP
+means NNS I-NP
+to TO B-VP
+settle VB I-VP
+their PRP$ B-NP
+fate NN I-NP
+with IN B-PP
+at IN B-ADVP
+least JJS I-ADVP
+a DT B-NP
+little JJ I-NP
+honor NN I-NP
+. . O
+
+Michael NNP B-NP
+F. NNP I-NP
+Harris NNP I-NP
+, , O
+53 CD B-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+, , O
+North NNP B-NP
+America NNP I-NP
+, , O
+for IN B-PP
+the DT B-NP
+Financial NNP I-NP
+Times NNP I-NP
+, , O
+the DT B-NP
+business NN I-NP
+newspaper NN I-NP
+published VBN B-VP
+by IN B-PP
+this DT B-NP
+company NN I-NP
+that WDT B-NP
+also RB B-ADVP
+has VBZ B-VP
+interests NNS B-NP
+in IN B-PP
+book NN B-NP
+publishing NN I-NP
+, , O
+fine JJ B-NP
+china NN I-NP
+, , O
+oil NN B-NP
+services NNS I-NP
+and CC O
+investment NN B-NP
+banking NN I-NP
+. . O
+
+Mr. NNP B-NP
+Harris NNP I-NP
+had VBD B-VP
+been VBN I-VP
+vice NN B-NP
+president NN I-NP
+for IN B-PP
+the DT B-NP
+newspaper NN I-NP
+'s POS B-NP
+advertising NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+He PRP B-NP
+takes VBZ B-VP
+additional JJ B-NP
+responsibility NN I-NP
+for IN B-PP
+newspaper NN B-NP
+sales NNS I-NP
+and CC O
+distribution NN B-NP
+of IN B-PP
+the DT B-NP
+Financial NNP I-NP
+Times NNP I-NP
+in IN B-PP
+North NNP B-NP
+America NNP I-NP
+. . O
+
+Laurance NNP B-NP
+V. NNP I-NP
+Allen NNP I-NP
+, , O
+44 CD B-NP
+, , O
+who WP B-NP
+had VBD B-VP
+been VBN I-VP
+director NN B-NP
+for IN B-PP
+North NNP B-NP
+America NNP I-NP
+, , O
+resigned VBD B-VP
+to TO B-VP
+pursue VB I-VP
+other JJ B-NP
+business NN I-NP
+interests NNS I-NP
+and CC O
+do VBP B-VP
+some DT B-NP
+consulting NN I-NP
+. . O
+
+Cipher NNP B-NP
+Data NNP I-NP
+Products NNP I-NP
+Inc. NNP I-NP
+posted VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+14.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+97 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+for IN B-PP
+its PRP$ B-NP
+fiscal JJ I-NP
+first JJ I-NP
+quarter NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+3.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+27 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Revenue NN B-NP
+for IN B-PP
+the DT B-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+fell VBD B-VP
+20 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+41.3 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+51.9 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Cipher NNP B-NP
+Data NNP I-NP
+, , O
+a DT B-NP
+San NNP I-NP
+Diego NNP I-NP
+maker NN I-NP
+of IN B-PP
+magnetic JJ B-NP
+tape NN I-NP
+peripherals NNS I-NP
+and CC O
+optical JJ B-NP
+disc NN I-NP
+drives NNS I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+loss NN I-NP
+included VBD B-VP
+reserves NNS B-NP
+of IN B-PP
+$ $ B-NP
+3.8 CD I-NP
+million CD I-NP
+related VBN B-ADJP
+to TO B-PP
+a DT B-NP
+corporate JJ I-NP
+restructuring NN I-NP
+. . O
+
+The DT B-NP
+restructuring NN I-NP
+calls VBZ B-VP
+for IN B-PP
+a DT B-NP
+24 CD I-NP
+% NN I-NP
+reduction NN I-NP
+in IN B-PP
+its PRP$ B-NP
+work NN I-NP
+force NN I-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+two CD I-NP
+months NNS I-NP
+, , O
+affecting VBG B-VP
+about IN B-NP
+525 CD I-NP
+jobs NNS I-NP
+, , O
+Cipher NNP B-NP
+Data NNP I-NP
+said VBD B-VP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+eliminating VBG I-VP
+the DT B-NP
+positions NNS I-NP
+of IN B-PP
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+, , O
+formerly RB B-VP
+held VBN I-VP
+by IN B-PP
+Edward NNP B-NP
+L. NNP I-NP
+Marinaro NNP I-NP
+. . O
+
+Cipher NNP B-NP
+Data NNP I-NP
+said VBD B-VP
+Mr. NNP B-NP
+Marinaro NNP I-NP
+consequently RB B-ADVP
+has VBZ B-VP
+resigned VBN I-VP
+from IN B-PP
+those DT B-NP
+posts NNS I-NP
+and CC B-PP
+from IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+board NN I-NP
+. . O
+
+Mr. NNP B-NP
+Marinaro NNP I-NP
+could MD B-VP
+n't RB I-VP
+immediately RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+comment NN B-NP
+. . O
+
+FileNet NNP B-NP
+Corp. NNP I-NP
+, , O
+Costa NNP B-NP
+Mesa NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+report VB I-VP
+a DT B-NP
+third-quarter JJ I-NP
+loss NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+1.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+17 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+because IN B-PP
+of IN I-PP
+a DT B-NP
+$ $ I-NP
+2.5 CD I-NP
+million CD I-NP
+reserve NN I-NP
+to TO B-VP
+be VB I-VP
+taken VBN I-VP
+against IN B-PP
+potential JJ B-NP
+losses NNS I-NP
+on IN B-PP
+a DT B-NP
+contract NN I-NP
+with IN B-PP
+the DT B-NP
+state NN I-NP
+of IN B-PP
+California NNP B-NP
+. . O
+
+Revenue NN B-NP
+is VBZ B-VP
+estimated VBN I-VP
+at IN B-PP
+$ $ B-NP
+18.6 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+maker NN I-NP
+of IN B-PP
+document NN B-NP
+image NN I-NP
+processing NN I-NP
+equipment NN I-NP
+said VBD B-VP
+the DT B-NP
+state NN I-NP
+procurement NN I-NP
+division NN I-NP
+had VBD B-VP
+declared VBN I-VP
+FileNet NNP B-NP
+in IN B-PP
+default NN B-NP
+on IN B-PP
+its PRP$ B-NP
+contract NN I-NP
+with IN B-PP
+the DT O
+secretary NN B-NP
+of IN B-PP
+state NN B-NP
+uniform NN B-NP
+commercial JJ I-NP
+code NN I-NP
+division NN I-NP
+. . O
+
+FileNet NNP B-NP
+said VBD B-VP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+believe VB I-VP
+the DT B-NP
+state NN I-NP
+has VBZ B-VP
+a DT B-NP
+valid JJ I-NP
+basis NN I-NP
+of IN B-PP
+default NN B-NP
+and CC O
+is VBZ B-VP
+reviewing VBG I-VP
+its PRP$ B-NP
+legal JJ I-NP
+rights NNS I-NP
+under IN B-PP
+the DT B-NP
+contract NN I-NP
+, , O
+but CC O
+said VBD B-VP
+it PRP B-NP
+ca MD B-VP
+n't RB I-VP
+predict VB I-VP
+the DT B-NP
+outcome NN I-NP
+of IN B-PP
+the DT B-NP
+dispute NN I-NP
+. . O
+
+The DT B-NP
+disagreement NN I-NP
+centers NNS B-VP
+on IN B-PP
+testing NN B-NP
+deadlines NNS I-NP
+and CC O
+other JJ B-NP
+issues NNS I-NP
+involving VBG B-VP
+a DT B-NP
+FileNet NNP I-NP
+system NN I-NP
+installed VBN B-VP
+earlier RBR B-ADVP
+this DT B-NP
+year NN I-NP
+. . O
+
+State NN B-NP
+officials NNS I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+comment NN B-NP
+late JJ B-NP
+yesterday NN I-NP
+. . O
+
+FileNet NNP B-NP
+noted VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+had VBD B-VP
+cash NN B-NP
+and CC O
+marketable JJ B-NP
+securities NNS I-NP
+totaling VBG B-VP
+$ $ B-NP
+22.5 CD I-NP
+million CD I-NP
+on IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+and CC O
+stockholders NNS B-NP
+' POS B-NP
+equity NN I-NP
+is VBZ B-VP
+$ $ B-NP
+60.1 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+made VBD B-VP
+the DT B-NP
+announcement NN I-NP
+after IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+the DT B-NP
+markets NNS I-NP
+, , O
+where WRB B-ADVP
+its PRP$ B-NP
+stock NN I-NP
+finished VBD B-VP
+at IN B-PP
+$ $ B-NP
+10.75 CD I-NP
+, , O
+up IN B-ADVP
+25 CD B-NP
+cents NNS I-NP
+, , O
+in IN B-PP
+over-the-counter JJ B-NP
+trading NN I-NP
+. . O
+
+Clinton NNP B-NP
+Gas NNP I-NP
+Systems NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+received VBD B-VP
+a DT B-NP
+contract NN I-NP
+from IN B-PP
+Timken NNP B-NP
+Co. NNP I-NP
+, , O
+Canton NNP B-NP
+, , I-NP
+Ohio NNP I-NP
+, , O
+to TO B-VP
+manage VB I-VP
+the DT B-NP
+natural JJ I-NP
+gas NN I-NP
+purchasing VBG I-NP
+, , I-NP
+scheduling NN I-NP
+and CC I-NP
+transportation NN I-NP
+activities NNS I-NP
+for IN B-PP
+Timken NNP B-NP
+'s POS B-NP
+seven CD I-NP
+Ohio NNP I-NP
+and CC I-NP
+two CD I-NP
+Pennsylvania NNP I-NP
+plants NNS I-NP
+. . O
+
+Clinton NNP B-NP
+and CC I-NP
+Timken NNP I-NP
+agreed VBD B-VP
+not RB O
+to TO B-VP
+disclose VB I-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+contract NN I-NP
+. . O
+
+Timken NNP B-NP
+, , O
+a DT B-NP
+producer NN I-NP
+of IN B-PP
+bearings NNS B-NP
+and CC O
+specialty NN B-NP
+steel NN I-NP
+, , O
+already RB B-ADVP
+buys VBZ B-VP
+gas NN B-NP
+from IN B-PP
+Clinton NNP B-NP
+. . O
+
+Clinton NNP B-NP
+said VBD B-VP
+in IN B-PP
+Columbus NNP B-NP
+, , I-NP
+Ohio NNP I-NP
+, , O
+that IN B-SBAR
+its PRP$ B-NP
+Clinton NNP I-NP
+Gas NNP I-NP
+Marketing NNP I-NP
+unit NN I-NP
+wants VBZ B-VP
+to TO I-VP
+line VB I-VP
+up IN B-PRT
+a DT B-NP
+number NN I-NP
+of IN B-PP
+such JJ B-NP
+gas NN I-NP
+management NN I-NP
+contracts NNS I-NP
+. . O
+
+Manufacturers NNS B-NP
+frequently RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+anyone NN B-NP
+who WP B-NP
+is VBZ B-VP
+a DT B-NP
+specialist NN I-NP
+in IN B-PP
+natural JJ B-NP
+gas NN I-NP
+, , O
+Clinton NNP B-NP
+said VBD B-VP
+, , O
+and CC O
+a DT B-NP
+specialist NN I-NP
+such JJ B-PP
+as IN I-PP
+Clinton NNP B-NP
+can MD B-VP
+save VB I-VP
+them PRP B-NP
+substantial JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+money NN B-NP
+. . O
+
+The DT B-NP
+scene NN I-NP
+opens VBZ B-VP
+with IN B-PP
+pinstripe-suited JJ B-NP
+executives NNS I-NP
+-- : O
+Easterners NNS B-NP
+, , O
+obviously RB B-ADVP
+-- : O
+glued VBN B-VP
+to TO B-PP
+cellular JJ B-NP
+phones NNS I-NP
+and CC O
+hightailing VBG B-VP
+it PRP B-NP
+out IN B-PP
+of IN B-PP
+town NN B-NP
+in IN B-PP
+chauffeur-driven JJ B-NP
+limousines NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+carpetbaggers NNS I-NP
+, , O
+'' '' O
+snorts VBZ B-VP
+the DT B-NP
+narrator NN I-NP
+with IN B-PP
+a DT B-NP
+Texas NNP I-NP
+twang NN I-NP
+, , O
+`` `` O
+have VBP B-VP
+packed VBN I-VP
+their PRP$ B-NP
+bags NNS I-NP
+and CC O
+went VBD B-VP
+. . O
+'' '' O
+
+But CC O
+, , O
+he PRP B-NP
+continues VBZ B-VP
+, , O
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+forgetting VBG I-VP
+we PRP B-NP
+'re VBP B-VP
+all DT O
+Texans NNPS B-NP
+. . O
+
+The DT B-NP
+Lone NNP I-NP
+Star NNP I-NP
+is VBZ B-VP
+on IN B-PP
+the DT B-NP
+rise NN I-NP
+again RB B-ADVP
+. . O
+'' '' O
+
+As IN B-SBAR
+the DT B-NP
+music NN I-NP
+swells NNS B-VP
+, , O
+viewers NNS B-NP
+discover VBP B-VP
+they PRP B-NP
+'re VBP B-VP
+watching VBG I-VP
+a DT B-NP
+commercial NN I-NP
+for IN B-PP
+Lone NNP B-NP
+Star NNP I-NP
+Beer NN I-NP
+, , O
+the DT B-NP
+pride NN I-NP
+of IN B-PP
+Texas NNP B-NP
+, , O
+a DT B-NP
+product NN I-NP
+of IN B-PP
+G. NNP B-NP
+Heileman NNP I-NP
+Brewing NNP I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+La NNP I-NP
+Crosse NNP I-NP
+, , I-NP
+Wis. NNP I-NP
+, , I-NP
+unit NN I-NP
+of IN B-PP
+Bond NNP B-NP
+Corp NNP I-NP
+. . O
+
+As IN B-SBAR
+the DT B-NP
+ad NN I-NP
+'s POS B-NP
+tone NN I-NP
+implies VBZ B-VP
+, , O
+the DT B-NP
+Texas NNP I-NP
+spirit NN I-NP
+is VBZ B-VP
+pretty RB B-ADJP
+xenophobic JJ I-ADJP
+these DT B-NP
+days NNS I-NP
+, , O
+and CC O
+Lone NNP B-NP
+Star NNP I-NP
+is VBZ B-VP
+n't RB O
+alone RB B-ADVP
+in IN B-PP
+trying VBG B-VP
+to TO I-VP
+take VB I-VP
+advantage NN B-NP
+of IN B-PP
+that DT B-NP
+. . O
+
+From IN B-PP
+Chevy NNP B-NP
+trucks NNS I-NP
+to TO B-PP
+Lipton NNP B-NP
+iced JJ I-NP
+tea NN I-NP
+to TO B-PP
+a DT B-NP
+host NN I-NP
+of IN B-PP
+battling VBG B-NP
+banks NNS I-NP
+, , O
+the DT B-NP
+state NN I-NP
+has VBZ B-VP
+been VBN I-VP
+inundated VBN I-VP
+with IN B-PP
+broadcast NN B-NP
+commercials NNS I-NP
+and CC O
+print NN B-NP
+advertising NN I-NP
+campaigns NNS I-NP
+celebrating VBG B-VP
+Texans NNPS B-NP
+and CC O
+castigating VBG B-VP
+outsiders NNS B-NP
+. . O
+
+While IN B-SBAR
+advertisers NNS B-NP
+have VBP B-VP
+long RB I-VP
+appealed VBN I-VP
+to TO B-PP
+Texans NNPS B-NP
+' POS B-NP
+state NN I-NP
+pride NN I-NP
+and CC I-NP
+prejudices NNS I-NP
+, , O
+the DT B-NP
+latest JJS I-NP
+trend NN I-NP
+has VBZ B-VP
+been VBN I-VP
+sparked VBN I-VP
+, , O
+in IN B-PP
+part NN B-NP
+, , O
+by IN B-PP
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+recent JJ I-NP
+hard JJ I-NP
+economic JJ I-NP
+times NNS I-NP
+. . O
+
+That DT B-NP
+has VBZ B-VP
+taken VBN I-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+swagger NN I-NP
+out RP B-PP
+of IN B-PP
+natives NNS B-NP
+who WP B-NP
+like VB B-VP
+to TO I-VP
+brag VB I-VP
+that IN B-SBAR
+Texas NNP B-NP
+is VBZ B-VP
+the DT B-NP
+only JJ I-NP
+state NN I-NP
+that WDT B-NP
+was VBD B-VP
+once RB B-ADVP
+a DT B-NP
+nation NN I-NP
+, , O
+but CC O
+it PRP B-NP
+has VBZ B-VP
+increased VBN I-VP
+their PRP$ B-NP
+legendary JJ I-NP
+resentment NN I-NP
+of IN B-PP
+outsiders NNS B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+past NN I-NP
+, , O
+writes VBZ B-VP
+Houston NNP B-NP
+Chronicle NNP I-NP
+columnist NN I-NP
+Jim NNP I-NP
+Barlow NNP I-NP
+, , O
+outlanders NNS B-NP
+were VBD B-VP
+accepted VBN I-VP
+only RB B-PP
+after IN I-PP
+passing VBG B-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+tests NNS B-NP
+to TO B-VP
+prove VB I-VP
+they PRP B-NP
+had VBD B-VP
+the DT B-NP
+`` `` I-NP
+right NN I-NP
+'' '' I-NP
+Texas NNP I-NP
+attitudes NNS I-NP
+and CC O
+`` `` O
+of IN B-PP
+course NN B-NP
+they PRP B-NP
+had VBD B-VP
+to TO I-VP
+be VB I-VP
+dipped VBN I-VP
+for IN B-PP
+parasites NNS B-NP
+. . O
+'' '' O
+
+There EX B-NP
+is VBZ B-VP
+no DT B-NP
+small JJ I-NP
+irony NN I-NP
+in IN B-PP
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+some DT B-NP
+of IN B-PP
+the DT B-NP
+most-jingoistic JJ I-NP
+advertising NN I-NP
+comes VBZ B-VP
+courtesy NN B-NP
+of IN B-PP
+-- : O
+you PRP B-NP
+guessed VBD B-VP
+it PRP B-NP
+-- : O
+outsiders NNS B-NP
+. . O
+
+Lone NNP B-NP
+Star NNP I-NP
+'s POS B-NP
+Bond NNP I-NP
+Corp. NNP I-NP
+parent NN I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+hails VBZ B-VP
+from IN B-PP
+Perth NNP B-NP
+, , O
+Australia NNP B-NP
+. . O
+
+North NNP B-NP
+Carolinians NNPS I-NP
+, , O
+New NNP B-NP
+Yorkers NNPS I-NP
+, , O
+Californians NNS B-NP
+, , O
+Chicagoans NNPS B-NP
+and CC O
+Ohioans NNPS B-NP
+own JJ B-VP
+Texas NNP B-NP
+banks NNS I-NP
+. . O
+
+All DT B-NP
+kinds NNS I-NP
+of IN B-PP
+landmark NN B-NP
+Texas NNP I-NP
+real JJ I-NP
+estate NN I-NP
+has VBZ B-VP
+been VBN I-VP
+snapped VBN I-VP
+up IN B-PRT
+by IN B-PP
+out-of-staters NNS B-NP
+. . O
+
+Even RB B-NP
+the DT I-NP
+beloved JJ I-NP
+Dallas NNP I-NP
+Cowboys NNPS I-NP
+were VBD B-VP
+bought VBN I-VP
+by IN B-PP
+an DT B-NP
+Arkansas NNP I-NP
+oil NN I-NP
+man NN I-NP
+. . O
+
+`` `` O
+Texas NNP B-NP
+has VBZ B-VP
+lost VBN I-VP
+its PRP$ B-NP
+distinctiveness NN I-NP
+, , O
+leaving VBG B-VP
+Texans NNPS B-NP
+with IN B-PP
+a DT B-NP
+hunger NN I-NP
+to TO B-VP
+feel VB I-VP
+proud JJ B-ADJP
+about IN B-PP
+themselves PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Stephen NNP B-NP
+Klineberg NNP I-NP
+, , O
+a DT B-NP
+sociology NN I-NP
+professor NN I-NP
+at IN B-PP
+Rice NNP B-NP
+University NNP I-NP
+, , O
+Houston NNP B-NP
+. . O
+
+`` `` O
+This DT B-NP
+plays VBZ B-VP
+right NN B-PP
+into IN I-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+the DT B-NP
+advertising NN I-NP
+agencies NNS I-NP
+. . O
+'' '' O
+
+For IN B-PP
+example NN B-NP
+, , O
+the DT B-NP
+iced-tea NN I-NP
+radio NN I-NP
+campaign NN I-NP
+for IN B-PP
+Thomas NNP B-NP
+J. NNP I-NP
+Lipton NNP I-NP
+Co. NNP I-NP
+, , O
+an DT B-NP
+Englewood NNP I-NP
+Cliffs NNP I-NP
+, , I-NP
+N.J. NNP I-NP
+, , I-NP
+unit NN I-NP
+of IN B-PP
+Anglo-Dutch NNP B-NP
+Unilever NNP I-NP
+Group NNP I-NP
+, , O
+emphatically RB B-VP
+proclaims VBZ I-VP
+: : O
+`` `` O
+Real JJ B-NP
+Texans NNPS I-NP
+do VBP B-VP
+not RB I-VP
+wear VB I-VP
+dock-siders NNS B-NP
+-- : O
+ever RB B-ADVP
+. . O
+
+Real JJ B-NP
+Texans NNPS I-NP
+do VBP B-VP
+n't RB I-VP
+play VB I-VP
+paddleball NN B-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+I PRP B-NP
+hope VBP B-VP
+not RB O
+. . O
+
+This DT B-NP
+is VBZ B-VP
+football NN B-NP
+country NN I-NP
+. . O
+
+And CC O
+another DT B-NP
+thing NN I-NP
+-- : O
+real JJ B-NP
+Texans NNPS I-NP
+drink NN B-VP
+Lipton NNP B-NP
+iced JJ I-NP
+tea NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+developing VBG B-VP
+that DT B-NP
+theme NN I-NP
+at IN B-PP
+Interpublic NNP B-NP
+Group NNP I-NP
+of IN B-PP
+Cos NNP B-NP
+. . I-NP
+' '' I-NP
+Lintas NNP I-NP
+: : O
+New NNP B-NP
+York NNP I-NP
+unit NN I-NP
+, , O
+account NN B-NP
+supervisor NN I-NP
+Lisa NNP I-NP
+Buksbaum NNP I-NP
+says VBZ B-VP
+she PRP B-NP
+made VBD B-VP
+a DT B-NP
+`` `` I-NP
+couple NN I-NP
+of IN B-PP
+phone NN B-NP
+calls NNS I-NP
+'' '' O
+to TO B-PP
+Dallas NNP B-NP
+ad NN I-NP
+friends NNS I-NP
+and CC O
+reported VBD B-VP
+her PRP$ B-NP
+`` `` I-NP
+findings NNS I-NP
+'' '' O
+to TO B-PP
+a DT B-NP
+team NN I-NP
+of IN B-PP
+writers NNS B-NP
+. . O
+
+Her PRP$ B-NP
+findings NNS I-NP
+? . O
+
+`` `` O
+You PRP B-NP
+know VBP B-VP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+stereotypical JJ B-NP
+stuff NN I-NP
+like IN B-PP
+armadillos NNS B-NP
+, , I-NP
+cowboys NNS I-NP
+and CC I-NP
+football NN I-NP
+. . O
+'' '' O
+
+Not RB B-NP
+exactly RB I-NP
+sophisticated JJ I-NP
+market NN I-NP
+research NN I-NP
+, , O
+but CC O
+who WP B-NP
+cares VBZ B-VP
+as RB B-ADVP
+long RB I-ADVP
+as IN B-SBAR
+the DT B-NP
+campaigns NNS I-NP
+work VBP B-VP
+. . O
+
+And CC O
+ad NN B-NP
+agencies NNS I-NP
+insist VBP B-VP
+that IN B-SBAR
+they PRP B-NP
+do VBP B-VP
+. . O
+
+Stan NNP B-NP
+Richards NNP I-NP
+of IN B-PP
+Richards NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+, , O
+Dallas NNP B-NP
+, , O
+tells VBZ B-VP
+of IN B-PP
+the DT B-NP
+Texan NNP I-NP
+who WP B-NP
+saw VBD B-VP
+the DT B-NP
+agency NN I-NP
+'s POS B-NP
+tear-jerking JJ I-NP
+commercial NN I-NP
+for IN B-PP
+First NNP B-NP
+Gibraltar NNP I-NP
+Bank NNP I-NP
+F.S.B. NNP I-NP
+-- : O
+complete JJ B-ADJP
+with IN B-PP
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+anthem NN I-NP
+-- : O
+and CC O
+promptly RB B-VP
+invested VBN I-VP
+$ $ B-NP
+100,000 CD I-NP
+in IN B-PP
+the DT B-NP
+thrift NN I-NP
+'s POS B-NP
+CDs NNS I-NP
+. . O
+
+Never RB B-ADVP
+mind NN B-VP
+that IN B-SBAR
+First NNP B-NP
+Gibraltar NNP I-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+failed VBN I-NP
+Texas NNP I-NP
+thrifts NNS I-NP
+taken VBN B-VP
+over IN B-PRT
+by IN B-PP
+outsiders NNS B-NP
+-- : O
+in IN B-PP
+this DT B-NP
+case NN I-NP
+, , O
+an DT B-NP
+investor NN I-NP
+group NN I-NP
+headed VBN B-VP
+by IN B-PP
+New NNP B-NP
+York NNP I-NP
+financier NN I-NP
+Ronald NNP I-NP
+Perelman NNP I-NP
+. . O
+
+The DT B-NP
+North NNP I-NP
+Texas NNP I-NP
+Chevy NNP I-NP
+Dealers NNS I-NP
+recently RB B-ADVP
+had VBD B-VP
+a DT B-NP
+record NN I-NP
+sales NNS I-NP
+month NN I-NP
+after IN B-PP
+the DT B-NP
+debut NN I-NP
+of IN B-PP
+ad NN B-NP
+campaign NN I-NP
+that IN B-NP
+thumbs NNS B-VP
+its PRP$ B-NP
+nose NN I-NP
+at IN B-PP
+elite NN B-NP
+Easterners NNS I-NP
+. . O
+
+And CC O
+deposits NNS B-NP
+at IN B-PP
+NCNB NNP B-NP
+Texas NNP I-NP
+National NNP I-NP
+Bank NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+NCNB NNP B-NP
+Corp. NNP I-NP
+, , O
+Charlotte NNP B-NP
+, , O
+N.C. NNP B-NP
+, , O
+have VBP B-VP
+increased VBN I-VP
+$ $ B-NP
+2 CD I-NP
+billion CD I-NP
+since IN B-PP
+last JJ B-NP
+year NN I-NP
+after IN B-PP
+heavy JJ B-NP
+advertising NN I-NP
+stressing VBG B-VP
+commitment NN B-NP
+to TO B-PP
+Texas NNP B-NP
+. . O
+
+`` `` O
+Obviously RB B-ADVP
+, , O
+pride NN B-NP
+sells VBZ B-VP
+in IN B-PP
+Texas NNP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+Bozell NNP B-NP
+Inc. NNP I-NP
+, , O
+Omaha NNP B-NP
+, , O
+Neb. NNP B-NP
+, , O
+which WDT B-NP
+represents VBZ B-VP
+
+The DT B-NP
+ad NN I-NP
+campaigns NNS I-NP
+usually RB B-ADVP
+follow VBP B-VP
+one CD B-NP
+of IN B-PP
+three CD B-NP
+tracks VBZ I-NP
+-- : O
+stressing VBG B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+` `` I-NP
+Texasness NN I-NP
+, , O
+' '' O
+pointing VBG B-VP
+out RP B-PRT
+the IN B-NP
+competition NN I-NP
+'s POS B-NP
+lack NN I-NP
+thereof RB B-ADVP
+, , O
+or CC O
+trying VBG B-VP
+to TO I-VP
+be VB I-VP
+more JJR B-ADJP
+Texan NNP I-ADJP
+than IN B-PP
+Texans NNPS B-NP
+. . O
+
+Ford NNP B-NP
+trucks NNS I-NP
+may MD B-VP
+outsell VB I-VP
+Chevy NNP B-NP
+trucks NNS I-NP
+in IN B-PP
+places NNS B-NP
+like IN B-PP
+`` `` O
+Connecticut NNP B-NP
+and CC O
+Long NNP B-NP
+Island NNP I-NP
+, , O
+'' '' O
+sniffs VBZ B-VP
+a DT B-NP
+commercial NN I-NP
+for IN B-PP
+Chevrolet NNP B-NP
+, , O
+a DT B-NP
+division NN I-NP
+of IN B-PP
+General NNP B-NP
+Motors NNPS I-NP
+Corp NNP I-NP
+. . O
+
+The DT B-NP
+commercial NN I-NP
+, , O
+created VBN B-VP
+by IN B-PP
+Bateman NNP B-NP
+, , I-NP
+Bryan NNP I-NP
+& CC I-NP
+Galles NNP I-NP
+Inc. NNP I-NP
+, , O
+of IN B-PP
+Dallas NNP B-NP
+, , O
+adds VBZ B-VP
+derisively RB B-ADVP
+: : O
+`` `` O
+I PRP B-NP
+bet VBP B-VP
+it PRP B-NP
+takes VBZ B-VP
+a DT B-NP
+real JJ I-NP
+tough JJ I-NP
+truck NN I-NP
+to TO B-VP
+haul VB I-VP
+your PRP$ B-NP
+Ivy NNP I-NP
+League NNP I-NP
+buddies NNS I-NP
+to TO B-PP
+the DT B-NP
+yacht NN I-NP
+club NN I-NP
+. . O
+'' '' O
+
+Because IN B-SBAR
+they PRP B-NP
+want VBP B-VP
+a DT B-NP
+truck NN I-NP
+that WDT B-NP
+is VBZ B-VP
+`` `` O
+Texas NNP B-ADJP
+tough JJ I-ADJP
+, , O
+'' '' O
+the DT B-NP
+commercial NN I-NP
+concludes VBZ B-VP
+, , O
+`` `` O
+Texans NNPS B-NP
+drive NN B-VP
+Chevy NNP B-NP
+. . O
+'' '' O
+
+J.C. NNP B-NP
+Penney NNP I-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+relocated VBD B-VP
+from IN B-PP
+New NNP B-NP
+York NNP I-NP
+to TO B-PP
+suburban JJ B-NP
+Dallas NNP I-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+gently RB B-VP
+wraps VBZ I-VP
+itself PRP B-NP
+in IN B-PP
+Texas NNP B-NP
+pride NN I-NP
+through IN B-PP
+a DT B-NP
+full-page JJ I-NP
+magazine NN I-NP
+ad NN I-NP
+: : O
+`` `` O
+Taking VBG B-VP
+the DT B-NP
+long-range JJ I-NP
+view NN I-NP
+to TO B-VP
+conserve VB I-VP
+what WP B-NP
+is VBZ B-VP
+of IN B-PP
+value NN B-NP
+to TO B-PP
+future NN B-NP
+generations NNS I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+Lone NNP I-NP
+Star NNP I-NP
+lifestyle NN I-NP
+, , O
+'' '' O
+the DT B-NP
+ad NN I-NP
+reads VBZ B-VP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+part NN B-NP
+of IN B-PP
+our PRP$ B-NP
+style NN I-NP
+, , O
+too RB B-ADVP
+. . O
+'' '' O
+
+According VBG B-PP
+to TO B-PP
+several JJ B-NP
+ad-agency NN I-NP
+sources NNS I-NP
+, , O
+newcomers NNS B-NP
+to TO B-PP
+the DT B-NP
+Texas NNP I-NP
+banking NN I-NP
+market NN I-NP
+are VBP B-VP
+spending VBG I-VP
+a DT B-NP
+combined VBN I-NP
+$ $ I-NP
+50 CD I-NP
+million CD I-NP
+this DT B-NP
+year NN I-NP
+to TO B-VP
+woo VB I-VP
+Texans NNPS B-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+surviving VBG B-NP
+Texas NNP I-NP
+banking NN I-NP
+institutions NNS I-NP
+are VBP B-VP
+busily RB I-VP
+pitching VBG I-VP
+themselves PRP B-NP
+as IN B-PP
+the DT B-NP
+only JJ I-NP
+lenders NNS I-NP
+who WP B-NP
+truly RB B-ADVP
+care VBP B-VP
+about IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+The DT B-NP
+most-strident JJ I-NP
+anti-outsider NN I-NP
+sentiment NN I-NP
+among IN B-PP
+bankers NNS B-NP
+comes VBZ B-VP
+from IN B-PP
+the DT B-NP
+Independent NNP I-NP
+Bankers NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Texas NNP B-NP
+, , O
+although IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+hard JJ B-ADJP
+to TO B-VP
+tell VB I-VP
+from IN B-PP
+previews NNS B-NP
+of IN B-PP
+the DT O
+$ $ O
+5 NN O
+million CD O
+`` `` O
+The DT B-NP
+I PRP I-NP
+'s NNS I-NP
+of IN B-PP
+Texas NNP B-NP
+'' '' B-NP
+TV NN I-NP
+campaign NN I-NP
+. . O
+
+Commercials NNS B-NP
+will MD B-VP
+highlight VB I-VP
+heart-rending JJ B-NP
+scenes NNS I-NP
+of IN B-PP
+Texas NNP B-NP
+and CC O
+chest-swelling JJ B-NP
+, , I-NP
+ain't-it-great-to-be-a-Texan JJ I-NP
+music NN I-NP
+. . O
+
+Supporting VBG B-NP
+banks NNS I-NP
+will MD B-VP
+sign VB I-VP
+a DT B-NP
+`` `` I-NP
+Texas NNP I-NP
+Declaration NNP I-NP
+of IN B-PP
+Independents NNPS B-NP
+. . O
+'' '' O
+
+But CC O
+in IN B-PP
+introductory JJ B-NP
+material NN I-NP
+for IN B-PP
+the DT B-NP
+campaign NN I-NP
+, , O
+the DT B-NP
+trade NN I-NP
+group NN I-NP
+urges VBZ B-VP
+members NNS B-NP
+to TO B-VP
+`` `` I-VP
+arm NN I-VP
+'' '' O
+for IN B-PP
+a DT B-NP
+`` `` I-NP
+revolution NN I-NP
+'' '' O
+against IN B-PP
+big JJ B-NP
+, , I-NP
+out-of-state JJ I-NP
+bank-holding JJ I-NP
+companies NNS I-NP
+. . O
+
+A DT B-NP
+video NN I-NP
+sent VBD B-VP
+to TO B-PP
+association NN B-NP
+members NNS I-NP
+, , O
+featuring VBG B-VP
+shots NNS B-NP
+of IN B-PP
+the DT B-NP
+Alamo NNP I-NP
+, , O
+cowboys NNS B-NP
+, , O
+fajitas NNS B-NP
+and CC O
+a DT B-NP
+statue NN I-NP
+of IN B-PP
+Sam NNP B-NP
+Houston NNP I-NP
+, , O
+does VBZ B-VP
+n't RB I-VP
+mince VB I-VP
+words NNS B-NP
+. . O
+
+`` `` O
+Texans NNPS B-NP
+can MD B-VP
+sniff VB I-VP
+a DT B-NP
+phony JJ I-NP
+a DT B-NP
+mile NN I-NP
+away RB B-ADVP
+, , O
+'' '' O
+the DT B-NP
+narrator NN I-NP
+warns VBZ B-VP
+outsiders NNS B-NP
+. . O
+
+`` `` O
+So RB O
+, , O
+do VBP B-VP
+n't RB I-VP
+come VB I-VP
+and CC O
+try VB B-VP
+to TO I-VP
+con VB I-VP
+us PRP B-NP
+with IN B-PP
+a DT O
+howdy UH B-INTJ
+y'all PRP B-NP
+or CC O
+a DT B-NP
+cowboy NN I-NP
+hat NN I-NP
+. . O
+'' '' O
+
+Young NNP B-NP
+& CC I-NP
+Rubicam NNP I-NP
+'s POS B-NP
+Pact NNP I-NP
+
+Young NNP B-NP
+& CC I-NP
+Rubicam NNP I-NP
+, , O
+fighting VBG B-VP
+charges NNS B-NP
+that IN B-SBAR
+it PRP B-NP
+bribed VBD B-VP
+Jamaican JJ B-NP
+officials NNS I-NP
+to TO B-VP
+win VB I-VP
+the DT B-NP
+Jamaica NNP I-NP
+Tourist NNP I-NP
+Board NNP I-NP
+ad NN I-NP
+account NN I-NP
+in IN B-PP
+1981 CD B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+no RB I-VP
+longer RB I-VP
+create VB I-VP
+the DT B-NP
+tourist NN I-NP
+board NN I-NP
+'s POS B-NP
+advertising NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+statement NN I-NP
+, , O
+Alex NNP B-NP
+Kroll NNP I-NP
+, , O
+Young NNP B-NP
+& CC I-NP
+Rubicam NNP I-NP
+'s POS B-NP
+chairman NN I-NP
+, , O
+said VBD B-VP
+`` `` O
+under IN B-PP
+the DT B-NP
+present JJ I-NP
+circumstances NNS I-NP
+-LCB- ( O
+we PRP B-NP
+-RCB- ) O
+have VBP B-VP
+agreed VBN I-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+prudent JJ B-ADJP
+to TO B-VP
+discontinue VB I-VP
+that DT B-NP
+contract NN I-NP
+. . O
+'' '' O
+
+Young NNP B-NP
+& CC I-NP
+Rubicam NNP I-NP
+has VBZ B-VP
+pleaded VBN I-VP
+innocent JJ B-ADJP
+to TO B-PP
+the DT B-NP
+charges NNS I-NP
+. . O
+
+The DT B-NP
+board NN I-NP
+would MD B-VP
+n't RB I-VP
+comment VB I-VP
+on IN B-PP
+its PRP$ B-NP
+impending JJ I-NP
+search NN I-NP
+for IN B-PP
+a DT B-NP
+new JJ I-NP
+ad NN I-NP
+agency NN I-NP
+to TO B-VP
+handle VB I-VP
+its PRP$ B-NP
+estimated VBN I-NP
+$ $ I-NP
+5 NN I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+6 CD I-NP
+million CD I-NP
+account NN I-NP
+. . O
+
+Ad NN B-NP
+Notes NNS I-NP
+... : O
+. . O
+
+NEW JJ B-NP
+ACCOUNT NN I-NP
+: : O
+
+Sunshine NNP B-NP
+Biscuits NNP I-NP
+Inc. NNP I-NP
+, , O
+Woodbridge NNP B-NP
+, , O
+N.J. NNP B-NP
+, , O
+awarded VBD B-VP
+its PRP$ B-NP
+estimated VBN I-NP
+$ $ I-NP
+5 NN I-NP
+million CD I-NP
+account NN I-NP
+to TO B-PP
+Waring NNP B-NP
+& CC I-NP
+LaRosa NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+. . O
+
+The DT B-NP
+account NN I-NP
+had VBD B-VP
+been VBN I-VP
+at IN B-PP
+Della NNP B-NP
+Femina NNP I-NP
+McNamee NNP I-NP
+WCRS NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+. . O
+
+MEDIA NNP B-NP
+POLICY NNP I-NP
+: : O
+
+MacNamara NNP B-NP
+Clapp NNP I-NP
+& CC I-NP
+Klein NNP I-NP
+, , O
+a DT B-NP
+small JJ I-NP
+New NNP I-NP
+York NNP I-NP
+shop NN I-NP
+, , O
+is VBZ B-VP
+asking VBG I-VP
+magazine NN B-NP
+ad NN I-NP
+representatives NNS I-NP
+to TO B-VP
+tell VB I-VP
+it PRP B-NP
+when WRB B-ADVP
+major JJ B-NP
+advertising NN I-NP
+inserts NNS I-NP
+will MD B-VP
+run VB I-VP
+in IN B-PP
+their PRP$ B-NP
+publications NNS I-NP
+. . O
+
+It PRP B-NP
+says VBZ B-VP
+it PRP B-NP
+may MD B-VP
+pull VB I-VP
+its PRP$ B-NP
+clients NNS I-NP
+' POS B-NP
+ads NNS I-NP
+from IN B-PP
+those DT B-NP
+magazines NNS I-NP
+. . O
+
+COKE NNP B-NP
+ADS NNPS I-NP
+: : O
+
+Coca-Cola NNP B-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+produced VBD B-VP
+a DT B-NP
+new JJ I-NP
+version NN I-NP
+of IN B-PP
+its PRP$ O
+1971 CD O
+`` `` O
+I PRP B-NP
+'d MD B-VP
+like VB I-VP
+to TO I-VP
+teach VB I-VP
+the DT B-NP
+world NN I-NP
+to TO B-VP
+sing VB I-VP
+'' '' B-NP
+commercial JJ I-NP
+. . O
+
+The DT B-NP
+ad NN I-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+Classic NNP B-NP
+Coke NNP I-NP
+'s POS B-NP
+1990 CD I-NP
+ad NN I-NP
+campaign NN I-NP
+, , O
+with IN B-PP
+the DT B-NP
+tag NN I-NP
+line NN I-NP
+, , O
+`` `` O
+Ca MD B-VP
+n't RB I-VP
+beat VB I-VP
+the DT B-NP
+Real NNP I-NP
+Thing NNP I-NP
+. . O
+'' '' O
+
+Basketball NN B-NP
+star NN I-NP
+Michael NNP I-NP
+Jordan NNP I-NP
+and CC O
+singer NN B-NP
+Randy NNP I-NP
+Travis NNP I-NP
+have VBP B-VP
+also RB I-VP
+agreed VBN I-VP
+to TO I-VP
+appear VB I-VP
+in IN B-PP
+ads NNS B-NP
+. . O
+
+Dell NNP B-NP
+Computer NNP I-NP
+Corp. NNP I-NP
+, , O
+squeezed VBN B-VP
+by IN B-PP
+price NN B-NP
+pressure NN I-NP
+from IN B-PP
+its PRP$ B-NP
+larger JJR I-NP
+competitors NNS I-NP
+and CC O
+delays NNS B-NP
+in IN B-PP
+its PRP$ B-NP
+new JJ I-NP
+product NN I-NP
+line NN I-NP
+, , O
+said VBD B-VP
+its PRP$ B-NP
+per-share JJ I-NP
+earnings NNS I-NP
+for IN B-PP
+fiscal JJ B-NP
+1990 CD I-NP
+will MD B-VP
+be VB I-VP
+half VB B-NP
+its PRP$ I-NP
+previous JJ I-NP
+forecasts NNS I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+personal JJ I-NP
+computer NN I-NP
+maker NN I-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+revenue NN B-NP
+to TO B-VP
+meet VB I-VP
+or CC I-VP
+exceed VB I-VP
+previous JJ B-NP
+projections NNS I-NP
+of IN B-PP
+$ $ B-NP
+385 CD I-NP
+million CD I-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+ending VBG B-VP
+Jan. NNP B-NP
+28 CD I-NP
+, , I-NP
+1990 CD I-NP
+, , O
+earnings NNS B-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+25 CD B-NP
+cents NNS I-NP
+to TO O
+35 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+previous JJ B-NP
+estimates NNS I-NP
+of IN B-PP
+50 CD B-NP
+cents NNS I-NP
+to TO O
+60 CD B-NP
+cents NNS I-NP
+. . O
+
+Earnings NNS B-NP
+for IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+were VBD B-VP
+$ $ B-NP
+14.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+80 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+257.8 CD I-NP
+million CD I-NP
+. . O
+
+Results NNS B-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+ending VBG B-VP
+Oct. NNP B-NP
+31 CD I-NP
+, , O
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+released VBN I-VP
+the DT B-NP
+third JJ I-NP
+week NN I-NP
+of IN B-PP
+November NNP B-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Michael NNP B-NP
+Dell NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+Mr. NNP B-NP
+Dell NNP I-NP
+said VBD B-VP
+he PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+expect VB I-VP
+a DT B-NP
+loss NN I-NP
+in IN B-PP
+either DT B-NP
+the DT I-NP
+third JJ I-NP
+or CC I-NP
+fourth JJ I-NP
+quarter NN I-NP
+, , O
+but CC O
+said VBD B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+could MD B-VP
+be VB I-VP
+as RB B-ADJP
+low JJ I-ADJP
+as IN B-PP
+four CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+Dell NNP B-NP
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+5 NN I-NP
+million CD I-NP
+, , O
+or CC O
+26 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+75.2 CD I-NP
+million CD I-NP
+. . O
+
+Mr. NNP B-NP
+Dell NNP I-NP
+attributed VBD B-VP
+the DT B-NP
+earnings NNS I-NP
+slide NN I-NP
+to TO B-PP
+new JJ B-NP
+product NN I-NP
+delays NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+a DT B-NP
+laptop NN I-NP
+scheduled VBN B-VP
+for IN B-PP
+September NNP B-NP
+that WDT B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+introduced VBN I-VP
+until IN B-PP
+early JJ B-NP
+November NNP I-NP
+. . O
+
+Some DT B-NP
+delays NNS I-NP
+have VBP B-VP
+been VBN I-VP
+caused VBN I-VP
+by IN B-PP
+a DT B-NP
+shortage NN I-NP
+of IN B-PP
+micoprocessors NNS B-NP
+-- : O
+notably RB O
+Intel NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+newest JJS I-NP
+chip NN I-NP
+, , O
+the DT B-NP
+486 CD I-NP
+-- : O
+but CC O
+others NNS B-NP
+apparently RB B-ADVP
+have VBP B-VP
+been VBN I-VP
+caused VBN I-VP
+by IN B-PP
+Dell NNP B-NP
+'s POS B-NP
+explosive JJ O
+growth NN O
+and CC O
+thinly RB B-ADJP
+stretched VBD I-ADJP
+resources NNS B-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'ve VBP B-VP
+got VBD I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+different JJ B-NP
+balls NNS I-NP
+in IN B-PP
+the DT B-NP
+air NN I-NP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+'' '' O
+observes VBZ B-VP
+Jim NNP B-NP
+Poyner NNP I-NP
+, , O
+a DT B-NP
+computer NN I-NP
+securities NNS I-NP
+analyst NN I-NP
+with IN B-PP
+Dallas-based JJ B-NP
+William NNP I-NP
+K. NNP I-NP
+Woodruff NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Dell NNP I-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+concedes VBZ B-VP
+the DT B-NP
+company NN I-NP
+was VBD B-VP
+`` `` O
+definitely RB B-ADVP
+too RB B-ADJP
+optimistic JJ I-ADJP
+'' '' O
+in IN B-PP
+its PRP$ B-NP
+expectations NNS I-NP
+. . O
+
+Product NN B-NP
+delays NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+have VBP B-VP
+left VBN I-VP
+Dell NNP B-NP
+buffeted VBN B-VP
+by IN B-PP
+harsher JJR B-NP
+competition NN I-NP
+in IN B-PP
+its PRP$ B-NP
+bread-and-butter JJ I-NP
+line NN I-NP
+of IN B-PP
+desktop NN B-NP
+computers NNS I-NP
+, , O
+as IN B-SBAR
+powerhouse NN B-NP
+competitors NNS I-NP
+Compaq NNP B-NP
+Computer NNP I-NP
+Corp. NNP I-NP
+and CC O
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+price VB B-VP
+their PRP$ B-NP
+PCs NNS I-NP
+more RBR B-ADVP
+aggressively RB I-ADVP
+. . O
+
+The DT B-NP
+result NN I-NP
+has VBZ B-VP
+been VBN I-VP
+thinner JJR B-NP
+margins NNS I-NP
+, , O
+which WDT B-NP
+have VBP B-VP
+been VBN I-VP
+further RB I-VP
+eroded VBN I-VP
+by IN B-PP
+an DT B-NP
+ambitious JJ I-NP
+research NN I-NP
+and CC I-NP
+development NN I-NP
+effort NN I-NP
+and CC O
+rapid JJ B-NP
+overseas JJ I-NP
+expansion NN I-NP
+. . O
+
+Analyst NNP B-NP
+James NNP I-NP
+Weil NNP I-NP
+of IN B-PP
+the DT B-NP
+Soundview NNP I-NP
+Financial NNP I-NP
+Group NNP I-NP
+believes VBZ B-VP
+Dell NNP B-NP
+'s POS B-NP
+response NN I-NP
+has VBZ B-VP
+been VBN I-VP
+to TO B-VP
+place VB I-VP
+increased VBN B-NP
+emphasis NN I-NP
+on IN B-PP
+product NN B-NP
+quality NN I-NP
+, , O
+`` `` O
+in IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+rise VB I-VP
+above IN B-PP
+some DT B-NP
+of IN B-PP
+that DT B-NP
+price NN I-NP
+pressure NN I-NP
+. . O
+'' '' O
+
+But CC O
+that DT B-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+key JJ I-NP
+to TO B-PP
+Compaq NNP B-NP
+'s POS B-NP
+success NN I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+, , O
+whereas IN B-SBAR
+Dell NNP B-NP
+carved VBD B-VP
+out IN B-PRT
+its PRP$ B-NP
+market NN I-NP
+niche NN I-NP
+as IN B-PP
+a DT B-NP
+direct JJ I-NP
+seller NN I-NP
+of IN B-PP
+low-cost JJ B-NP
+but CC I-NP
+reliable JJ I-NP
+computers NNS I-NP
+-- : O
+and CC O
+it PRP B-NP
+might MD B-VP
+be VB I-VP
+too RB B-ADJP
+late RB I-ADJP
+in IN B-PP
+the DT B-NP
+game NN I-NP
+for IN B-PP
+a DT B-NP
+shift NN I-NP
+in IN B-PP
+strategy NN B-NP
+. . O
+
+In IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+, , O
+Dell NNP B-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+6 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+87.5 CD B-NP
+cents NNS I-NP
+. . O
+
+TransAtlantic NNP B-NP
+Holdings NNP I-NP
+PLC NNP I-NP
+, , O
+a DT B-NP
+British-based JJ I-NP
+, , I-NP
+South JJ I-NP
+African-controlled JJ I-NP
+financial JJ I-NP
+services NNS I-NP
+investment NN I-NP
+group NN I-NP
+, , O
+and CC O
+France NNP B-NP
+'s POS B-NP
+Societe NNP I-NP
+Centrale NNP I-NP
+Union NNP I-NP
+des NNP I-NP
+Assurances NNP I-NP
+de FW I-NP
+Paris NNP I-NP
+reached VBD B-VP
+an DT B-NP
+accord NN I-NP
+effectively RB B-VP
+reducing VBG I-VP
+chances NNS B-NP
+of IN B-PP
+an DT B-NP
+unfriendly JJ I-NP
+takeover NN I-NP
+for IN B-PP
+Sun NNP B-NP
+Life NNP I-NP
+Assurance NNP I-NP
+Society NNP I-NP
+PLC NNP I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+joint JJ I-NP
+statement NN I-NP
+, , O
+the DT B-NP
+two CD I-NP
+companies NNS I-NP
+, , O
+whose WP$ B-NP
+combined VBN I-NP
+holdings NNS I-NP
+equal JJ B-VP
+52.7 CD B-NP
+% NN I-NP
+of IN B-PP
+Sun NNP B-NP
+Life NNP I-NP
+'s POS B-NP
+ordinary JJ I-NP
+shares NNS I-NP
+, , O
+said VBD B-VP
+their PRP$ B-NP
+agreement NN I-NP
+is VBZ B-VP
+aimed VBN I-VP
+at IN B-PP
+reducing VBG B-VP
+`` `` O
+the DT B-NP
+uncertainty NN I-NP
+and CC I-NP
+instability NN I-NP
+for IN B-PP
+Sun NNP B-NP
+Life NNP I-NP
+that WDT B-NP
+has VBZ B-VP
+resulted VBN I-VP
+from IN B-PP
+two CD B-NP
+major JJ I-NP
+shareholders NNS I-NP
+owning VBG B-VP
+'' '' O
+a DT B-NP
+controlling VBG I-NP
+interest NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+
+TransAtlantic NNP B-NP
+, , O
+whose WP$ B-NP
+Transol NNP I-NP
+Investments NNP I-NP
+Ltd. NNP I-NP
+unit NN I-NP
+owns VBZ B-VP
+the DT B-NP
+largest JJS I-NP
+minority NN I-NP
+stake NN I-NP
+in IN B-PP
+Sun NNP B-NP
+Life NNP I-NP
+, , O
+has VBZ B-VP
+agreed VBN I-VP
+not RB O
+to TO B-VP
+make VB I-VP
+a DT B-NP
+takeover NN I-NP
+bid NN I-NP
+for IN B-PP
+the DT B-NP
+British JJ I-NP
+life NN I-NP
+insurer NN I-NP
+without IN B-PP
+the DT B-NP
+prior JJ I-NP
+consent NN I-NP
+of IN B-PP
+the DT B-NP
+French JJ I-NP
+company NN I-NP
+, , O
+known VBN B-VP
+as IN B-PP
+UAP NNP B-NP
+. . O
+
+In IN B-PP
+return NN B-NP
+, , O
+the DT B-NP
+agreement NN I-NP
+would MD B-VP
+force VB I-VP
+UAP NNP B-NP
+to TO B-VP
+buy VB I-VP
+TransAtlantic NNP B-NP
+'s POS B-NP
+29.8 CD B-ADJP
+% NN I-ADJP
+holding VBG B-NP
+in IN B-PP
+Sun NNP B-NP
+Life NNP I-NP
+or CC O
+sell VB B-VP
+its PRP$ B-NP
+22.9 CD I-NP
+% NN I-NP
+stake NN I-NP
+to TO B-PP
+TransAtlantic NNP B-NP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+set VBN B-VP
+by IN B-PP
+Transatlantic NNP B-NP
+. . O
+
+Pride NNP B-NP
+Petroleum NNP I-NP
+Services NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+agreed VBD B-VP
+to TO I-VP
+buy VB I-VP
+well-servicing JJ B-NP
+assets NNS I-NP
+of IN B-PP
+two CD B-NP
+companies NNS I-NP
+and CC O
+expects VBZ B-VP
+to TO I-VP
+report VB I-VP
+higher JJR B-NP
+third-quarter JJ I-NP
+revenue NN I-NP
+and CC I-NP
+earnings NNS I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+quarter NN I-NP
+, , O
+the DT B-NP
+well-servicing JJ I-NP
+contractor NN I-NP
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+319,000 CD I-NP
+, , O
+or CC O
+3 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+15 CD I-NP
+million CD I-NP
+. . O
+
+Results NNS B-NP
+for IN B-PP
+the DT B-NP
+earlier JJR I-NP
+quarter NN I-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+100,000 CD I-NP
+restructuring NN I-NP
+charge NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+the DT B-NP
+Houston NNP I-NP
+concern NN I-NP
+said VBD B-VP
+it PRP B-NP
+signed VBD B-VP
+letters NNS B-NP
+of IN B-PP
+intent NN B-NP
+for IN B-PP
+the DT B-NP
+cash NN I-NP
+and CC I-NP
+stock NN I-NP
+purchases NNS I-NP
+of IN B-PP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+29 CD B-NP
+well-servicing JJ I-NP
+rigs NNS I-NP
+from IN B-PP
+two CD B-NP
+concerns NNS I-NP
+located VBN B-VP
+in IN B-PP
+New NNP B-NP
+Mexico NNP I-NP
+and CC O
+California NNP B-NP
+. . O
+
+It PRP B-NP
+did VBD B-VP
+n't RB I-VP
+disclose VB I-VP
+specifics NNS B-NP
+but CC O
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+complete VB I-VP
+the DT B-NP
+purchases NNS I-NP
+by IN B-PP
+Nov. NNP B-NP
+1 CD I-NP
+. . O
+
+Schlumberger NNP B-NP
+Ltd. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+reported VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+edged VBD B-VP
+up IN B-ADVP
+as IN B-SBAR
+growth NN B-NP
+in IN B-PP
+its PRP$ B-NP
+oil-field NN I-NP
+services NNS I-NP
+sector NN I-NP
+offset VB B-VP
+a DT B-NP
+decline NN I-NP
+in IN B-PP
+interest NN B-NP
+income NN I-NP
+. . O
+
+The DT B-NP
+lower JJR I-NP
+interest NN I-NP
+income NN I-NP
+occurred VBD B-VP
+because IN B-SBAR
+Schlumberger NNP B-NP
+spent VBD B-VP
+$ $ B-NP
+1.2 CD I-NP
+billion CD I-NP
+buying VBG B-VP
+back RB B-PRT
+its PRP$ B-NP
+stock NN I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+Net JJ B-NP
+for IN B-PP
+the DT B-NP
+oil-field NN I-NP
+services NNS I-NP
+and CC I-NP
+electronic JJ I-NP
+measurements NNS I-NP
+and CC I-NP
+systems NNS I-NP
+concern VBP I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+114.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+48 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+112.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+42 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Per-share JJ B-NP
+earnings NNS I-NP
+advanced VBD B-VP
+14 CD B-NP
+% NN I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+buy-back NN I-NP
+. . O
+
+Revenue NN B-NP
+declined VBD B-VP
+6.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.11 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.18 CD I-NP
+billion CD I-NP
+. . O
+
+But CC O
+excluding VBG B-PP
+businesses NNS B-NP
+acquired VBN B-VP
+or CC I-VP
+sold VBN I-VP
+, , O
+revenue NN B-NP
+was VBD B-VP
+flat JJ B-ADJP
+at IN B-PP
+about RB B-NP
+$ $ I-NP
+1.24 CD I-NP
+billion CD I-NP
+. . O
+
+Nine-month JJ B-NP
+net NN I-NP
+fell VBD B-VP
+9.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+323.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.36 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+357.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.32 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Revenue NN B-NP
+dropped VBD B-VP
+5.4 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3.48 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+3.68 CD I-NP
+billion CD I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+'s POS B-NP
+nine-month JJ I-NP
+results NNS I-NP
+include VBP B-VP
+gains NNS B-NP
+of IN B-PP
+$ $ B-NP
+13 CD I-NP
+million CD I-NP
+, , O
+or CC O
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+Schlumberger NNP B-NP
+'s POS B-NP
+defense NN I-NP
+systems NNS I-NP
+business NN I-NP
+, , O
+and CC O
+$ $ B-NP
+22 CD I-NP
+million CD I-NP
+, , O
+or CC O
+nine CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+an DT B-NP
+award NN I-NP
+by IN B-PP
+the DT B-NP
+IranU.S NNP I-NP
+. . I-NP
+Claims NNP I-NP
+Tribunal NNP I-NP
+. . O
+
+The DT B-NP
+year-earlier JJ I-NP
+nine CD I-NP
+months NNS I-NP
+include VBP B-VP
+a DT B-NP
+gain NN I-NP
+of IN B-PP
+$ $ B-NP
+35 CD I-NP
+million CD I-NP
+, , O
+or CC O
+13 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+sale NN B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+Electricity NNP I-NP
+Control NNP I-NP
+& CC I-NP
+Transformers NNPS I-NP
+division NN I-NP
+. . O
+
+NEW NNP B-NP
+ENGLAND NNP I-NP
+CRITICAL NNP I-NP
+CARE NNP I-NP
+Inc. NNP I-NP
+offered VBD B-VP
+$ $ B-NP
+35 CD I-NP
+million CD I-NP
+in IN B-PP
+convertible JJ B-NP
+subordinated VBN I-NP
+debentures NNS I-NP
+through IN B-PP
+Morgan NNP B-NP
+Stanley NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+and CC O
+Prudential-Bache NNP B-NP
+Capital NNP I-NP
+Funding NNP I-NP
+. . O
+
+The DT B-NP
+debentures NNS I-NP
+, , O
+due JJ B-ADJP
+in IN B-PP
+2014 CD B-NP
+, , O
+have VBP B-VP
+a DT B-NP
+coupon NN I-NP
+of IN B-PP
+7 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+, , O
+payable JJ B-ADJP
+semiannually RB I-ADJP
+. . O
+
+The DT B-NP
+debentures NNS I-NP
+may MD B-VP
+be VB I-VP
+converted VBN I-VP
+into IN B-PP
+common JJ B-NP
+stock NN I-NP
+of IN B-PP
+the DT B-NP
+Westborough NNP I-NP
+, , I-NP
+Mass. NNP I-NP
+, , I-NP
+home NN I-NP
+health NN I-NP
+care NN I-NP
+concern NN I-NP
+at IN B-PP
+$ $ B-NP
+52.50 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Proceeds NNS B-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+working VBG B-NP
+capital NN I-NP
+and CC O
+general JJ B-NP
+corporate JJ I-NP
+purposes NNS I-NP
+, , O
+including VBG B-PP
+expansion NN B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+operations NNS I-NP
+. . O
+
+The DT B-NP
+French JJ I-NP
+building NN I-NP
+group NN I-NP
+Dumez NNP I-NP
+S.A. NNP I-NP
+said VBD B-VP
+profit NN B-NP
+jumped VBD B-VP
+70 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+of IN B-PP
+1989 CD B-NP
+, , O
+partly RB B-PP
+on IN I-PP
+the DT B-NP
+strength NN I-NP
+of IN B-PP
+nonrecurring VBG B-NP
+gains NNS I-NP
+from IN B-PP
+a DT B-NP
+share NN I-NP
+issue NN I-NP
+by IN B-PP
+its PRP$ B-NP
+Canadian JJ I-NP
+unit NN I-NP
+. . O
+
+Dumez NNP B-NP
+said VBD B-VP
+group NN B-NP
+profit NN I-NP
+after IN B-PP
+payments NNS B-NP
+to TO B-PP
+minority NN B-NP
+interests NNS I-NP
+rose VBD B-VP
+to TO B-PP
+252 CD B-NP
+million CD I-NP
+francs NNS I-NP
+-LRB- ( O
+$ $ B-NP
+40.1 CD I-NP
+million CD I-NP
+-RRB- ) O
+from IN B-PP
+148 CD B-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+40 CD B-NP
+% NN I-NP
+to TO B-PP
+13.32 CD B-NP
+billion CD I-NP
+francs NNS I-NP
+from IN B-PP
+9.53 CD B-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+group NN I-NP
+noted VBD B-VP
+that IN B-SBAR
+75 CD B-NP
+million CD I-NP
+francs NNS I-NP
+of IN B-PP
+the DT B-NP
+advance NN I-NP
+reflected VBD B-VP
+a DT B-NP
+one-time JJ I-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+June NNP I-NP
+offering NN I-NP
+by IN B-PP
+its PRP$ B-NP
+United NNP I-NP
+Westburne NNP I-NP
+unit NN I-NP
+in IN B-PP
+Canada NNP B-NP
+. . O
+
+It PRP B-NP
+did VBD B-VP
+n't RB I-VP
+say VB I-VP
+if IN B-SBAR
+its PRP$ B-NP
+year-earlier JJ I-NP
+results NNS I-NP
+were VBD B-VP
+influenced VBN I-VP
+significantly RB B-ADVP
+by IN B-PP
+nonrecurring VBG B-NP
+elements NNS I-NP
+. . O
+
+For IN B-PP
+all DT B-NP
+of IN B-PP
+1988 CD B-NP
+, , O
+Dumez NNP B-NP
+had VBD B-VP
+group NN B-NP
+profit NN I-NP
+of IN B-PP
+452 CD B-NP
+million CD I-NP
+francs NNS I-NP
+after IN B-PP
+payment NN B-NP
+to TO B-PP
+minority NN B-NP
+interests NNS I-NP
+. . O
+
+Revenue NN B-NP
+was VBD B-VP
+21.98 CD B-NP
+billion CD I-NP
+francs NNS I-NP
+. . O
+
+The DT B-NP
+group NN I-NP
+has VBZ B-VP
+n't RB I-VP
+forecast VB I-VP
+full-year JJ B-NP
+earnings NNS I-NP
+for IN B-PP
+1989 CD B-NP
+, , O
+although IN B-SBAR
+it PRP B-NP
+said VBD B-VP
+that IN B-SBAR
+its PRP$ B-NP
+first-half JJ I-NP
+results NNS I-NP
+are VBP B-VP
+n't RB O
+a DT B-NP
+good JJ I-NP
+indication NN I-NP
+because IN B-PP
+of IN I-PP
+one-time JJ B-NP
+elements NNS I-NP
+and CC O
+the DT B-NP
+seasonal JJ I-NP
+nature NN I-NP
+of IN B-PP
+its PRP$ B-NP
+operations NNS I-NP
+. . O
+
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+will MD B-VP
+depress VB I-VP
+local JJ B-NP
+real-estate NN I-NP
+values NNS I-NP
+in IN B-PP
+the DT B-NP
+short JJ I-NP
+term NN I-NP
+and CC O
+force NN B-VP
+companies NNS B-NP
+to TO B-VP
+reconsider VB I-VP
+expanding VBG I-VP
+in IN B-PP
+or CC O
+relocating VBG B-VP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+and CC O
+California NNP B-NP
+, , O
+real-estate NN B-NP
+and CC I-NP
+relocation NN I-NP
+specialists NNS I-NP
+said VBD B-VP
+. . O
+
+Few JJ B-NP
+specialists NNS I-NP
+said VBD B-VP
+they PRP B-NP
+expect VBP B-VP
+the DT B-NP
+quake NN I-NP
+to TO B-VP
+have VB I-VP
+much NN B-NP
+of IN B-PP
+an DT B-NP
+effect NN I-NP
+on IN B-PP
+most RBS B-NP
+California NNP I-NP
+property NN I-NP
+values NNS I-NP
+. . O
+
+But CC O
+real-estate NN B-NP
+experts NNS I-NP
+and CC I-NP
+brokers NNS I-NP
+said VBD B-VP
+the DT B-NP
+quake NN I-NP
+undoubtedly RB B-ADVP
+will MD B-VP
+drag VB I-VP
+down RB B-PRT
+prices VBZ B-NP
+in IN B-PP
+neighborhoods NNS B-NP
+built VBN B-VP
+on IN B-PP
+less RBR B-NP
+stable JJ I-NP
+ground NN I-NP
+, , O
+especially RB B-PP
+in IN I-PP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+. . O
+
+`` `` O
+California NNP B-NP
+prices NNS I-NP
+were VBD B-VP
+already RB I-VP
+coming VBG I-VP
+down RB B-ADVP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+n't RB I-VP
+going VBG I-VP
+to TO I-VP
+help VB I-VP
+, , O
+'' '' O
+said VBD B-VP
+Kenneth NNP B-NP
+T. NNP I-NP
+Rosen NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+Center NNP I-NP
+for IN B-PP
+Real NNP B-NP
+Estate NNP I-NP
+and CC I-NP
+Urban NNP I-NP
+Economics NNP I-NP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+California NNP B-NP
+at IN B-PP
+Berkeley NNP B-NP
+. . O
+
+State NN B-NP
+housing NN I-NP
+prices NNS I-NP
+, , O
+at IN B-PP
+a DT B-NP
+median JJ I-NP
+$ $ I-NP
+201,028 CD I-NP
+, , O
+have VBP B-VP
+declined VBN I-VP
+in IN B-PP
+recent JJ B-NP
+months NNS I-NP
+because IN B-PP
+of IN I-PP
+potential JJ B-NP
+buyers NNS I-NP
+' POS B-NP
+inability NN I-NP
+to TO B-VP
+afford VB I-VP
+homes NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Rosen NNP I-NP
+, , O
+among IN B-PP
+others NNS B-NP
+, , O
+suggested VBD B-VP
+that IN B-SBAR
+the DT B-NP
+quake NN I-NP
+, , O
+the DT B-NP
+strongest JJS I-NP
+since IN B-PP
+the DT B-NP
+1906 CD I-NP
+temblor NN I-NP
+that WDT B-NP
+struck VBD B-VP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+will MD B-VP
+in IN B-PP
+the DT B-NP
+short JJ I-NP
+term NN I-NP
+create VB B-VP
+a DT B-NP
+two-tier JJ I-NP
+price NN I-NP
+system NN I-NP
+for IN B-PP
+quake-prone JJ B-NP
+communities NNS I-NP
+, , O
+with IN B-PP
+dwellings NNS B-NP
+built VBN B-VP
+on IN B-PP
+sturdy JJ B-NP
+ground NN I-NP
+likely JJ B-ADJP
+to TO B-VP
+demand VB I-VP
+higher JJR B-NP
+prices NNS I-NP
+. . O
+
+One CD B-NP
+San NNP I-NP
+Francisco NNP I-NP
+neighborhood NN I-NP
+likely JJ B-ADJP
+to TO B-VP
+test VB I-VP
+Mr. NNP B-NP
+Rosen NNP I-NP
+'s POS B-NP
+theory NN I-NP
+soon RB B-ADVP
+is VBZ B-VP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+fashionable JJ I-NP
+Marina NNP I-NP
+district NN I-NP
+, , O
+which WDT B-NP
+boasts VBZ B-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+highest JJS I-NP
+home NN I-NP
+prices NNS I-NP
+in IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+The DT B-NP
+district NN I-NP
+, , O
+built VBN B-VP
+on IN B-PP
+landfill NN B-NP
+, , O
+suffered VBD B-VP
+heavy JJ B-NP
+quake NN I-NP
+damage NN I-NP
+, , O
+including VBG B-PP
+collapsed VBN B-NP
+buildings NNS I-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+the DT B-NP
+city NN I-NP
+demolished VBN B-VP
+two CD B-NP
+dwellings NNS I-NP
+in IN B-PP
+the DT B-NP
+district NN I-NP
+because IN B-PP
+of IN I-PP
+severe JJ B-NP
+structural JJ I-NP
+damage NN I-NP
+and CC O
+said VBD B-VP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+19 CD I-NP
+of IN B-PP
+the DT B-NP
+district NN I-NP
+'s POS B-NP
+350 CD I-NP
+dwellings NNS I-NP
+might MD B-VP
+have VB I-VP
+to TO I-VP
+be VB I-VP
+razed VBN I-VP
+. . O
+
+Brokers NNS B-NP
+agreed VBD B-VP
+with IN B-PP
+the DT B-NP
+two-tier JJ I-NP
+price NN I-NP
+theory NN I-NP
+. . O
+
+`` `` O
+My PRP$ B-NP
+gut NN I-NP
+feeling NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+Marina NNP I-NP
+properties NNS I-NP
+will MD B-VP
+be VB I-VP
+affected VBN I-VP
+, , O
+'' '' O
+said VBD B-VP
+Grace NNP B-NP
+Perkins NNP I-NP
+, , O
+senior JJ B-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+Grubb NNP B-NP
+& CC I-NP
+Ellis NNP I-NP
+Residential NNP I-NP
+Brokerage NNP I-NP
+Inc NNP I-NP
+. . O
+
+Neither CC O
+she PRP B-NP
+nor CC O
+other JJ B-NP
+real-estate NN I-NP
+executives NNS I-NP
+and CC I-NP
+brokers NNS I-NP
+could MD B-VP
+project VB I-VP
+how WRB B-NP
+much RB I-NP
+less JJR I-NP
+Marina NNP B-NP
+properties NNS I-NP
+might MD B-VP
+bring VB I-VP
+, , O
+but CC O
+she PRP B-NP
+said VBD B-VP
+the DT B-NP
+two-tier JJ I-NP
+price NN I-NP
+structure NN I-NP
+would MD B-VP
+affect VB I-VP
+prices NNS B-NP
+`` `` O
+for IN B-PP
+a DT B-NP
+while NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Rosen NNP I-NP
+said VBD B-VP
+the DT B-NP
+quake NN I-NP
+will MD B-VP
+revive VB I-VP
+consumer NN B-NP
+interest NN I-NP
+in IN B-PP
+a DT B-NP
+little-publicized JJ I-NP
+1972 CD I-NP
+state NN I-NP
+law NN I-NP
+that WDT B-NP
+requires VBZ B-VP
+brokers NNS B-NP
+to TO B-VP
+disclose VB I-VP
+to TO B-PP
+potential JJ B-NP
+buyers NNS I-NP
+how WRB B-ADVP
+close VB O
+a DT B-NP
+property NN I-NP
+sits VBZ B-VP
+to TO B-PP
+a DT B-NP
+fault NN I-NP
+line NN I-NP
+. . O
+
+Because IN B-PP
+of IN I-PP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+market NN I-NP
+, , O
+few JJ B-NP
+relocation NN I-NP
+specialists NNS I-NP
+expect VBP B-VP
+a DT B-NP
+widespread JJ I-NP
+corporate JJ I-NP
+flight NN I-NP
+in IN B-PP
+the DT B-NP
+quake NN I-NP
+'s POS B-NP
+aftermath NN I-NP
+. . O
+
+But CC O
+they PRP B-NP
+said VBD B-VP
+the DT B-NP
+quake NN I-NP
+will MD B-VP
+force VB I-VP
+some DT B-NP
+companies NNS I-NP
+to TO B-VP
+relocate VB I-VP
+or CC I-VP
+expand VB I-VP
+part NN B-NP
+or CC I-NP
+all DT I-NP
+of IN B-PP
+their PRP$ B-NP
+operations NNS I-NP
+outside IN B-PP
+the DT B-NP
+state NN I-NP
+. . O
+
+`` `` O
+What WP B-NP
+you PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+get VB I-VP
+is VBZ B-VP
+` `` O
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+put VB I-VP
+all DT B-NP
+of IN B-PP
+our PRP$ B-NP
+eggs NNS I-NP
+in IN B-PP
+one CD B-NP
+basket NN I-NP
+' POS B-NP
+theory NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+James NNP B-NP
+H. NNP I-NP
+Renzas NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Location NNP B-NP
+Management NNP I-NP
+Services NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Palo NNP I-NP
+Alto NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+relocation NN I-NP
+concern NN I-NP
+. . O
+
+Mr. NNP B-NP
+Renzas NNP I-NP
+, , O
+among IN B-PP
+others NNS B-NP
+, , O
+said VBD B-VP
+the DT B-NP
+quake NN I-NP
+will MD B-VP
+prod VB I-VP
+companies NNS B-NP
+in IN B-PP
+certain JJ B-NP
+industries NNS I-NP
+, , O
+like IN B-PP
+semiconductors NNS B-NP
+, , I-NP
+computers NNS I-NP
+and CC I-NP
+aerospace NN I-NP
+, , O
+to TO B-VP
+consider VB I-VP
+moving VBG I-VP
+operations NNS B-NP
+that WDT B-NP
+involve VBP B-VP
+particularly RB B-NP
+sensitive JJ I-NP
+machinery NN I-NP
+to TO B-PP
+locations NNS B-NP
+outside IN B-PP
+California NNP B-NP
+. . O
+
+Because IN B-PP
+of IN I-PP
+the DT B-NP
+quake NN I-NP
+threat NN I-NP
+, , O
+`` `` O
+some DT B-NP
+firms NNS I-NP
+have VBP B-VP
+evaluated VBN I-VP
+what WP B-NP
+the DT B-NP
+cost NN I-NP
+is VBZ B-VP
+to TO B-VP
+shore VB I-VP
+up IN B-PRT
+their PRP$ B-NP
+buildings NNS I-NP
+and CC O
+compared VBN B-VP
+it PRP B-NP
+with IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+building NN B-VP
+it PRP B-NP
+elswehere NN B-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+One CD B-NP
+Southern NNP I-NP
+California NNP I-NP
+aerospace NN I-NP
+firm NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+two CD B-NP
+months NNS I-NP
+ago RB B-ADVP
+asked VBD B-VP
+Location NNP B-NP
+Management NNP I-NP
+to TO B-VP
+compare VB I-VP
+the DT B-NP
+costs NNS I-NP
+of IN B-PP
+reinforcing VBG B-VP
+its PRP$ B-NP
+current JJ I-NP
+building NN I-NP
+against IN B-PP
+earthquakes NNS B-NP
+with IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+building VBG B-VP
+a DT B-NP
+new JJ I-NP
+structure NN I-NP
+elsewhere RB B-ADVP
+. . O
+
+A DT B-NP
+new JJ I-NP
+dwelling NN I-NP
+would MD B-VP
+cost VB I-VP
+$ $ B-NP
+21 CD I-NP
+million CD I-NP
+, , O
+Location NNP B-NP
+Management NNP I-NP
+found VBD B-VP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+22 CD I-NP
+million CD I-NP
+to TO B-VP
+make VB I-VP
+the DT B-NP
+present JJ I-NP
+building NN I-NP
+earthquake-proof JJ B-ADJP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+Mr. NNP B-NP
+Renzas NNP I-NP
+said VBD B-VP
+, , O
+has VBZ B-VP
+n't RB I-VP
+yet RB I-VP
+determined VBN I-VP
+what WP B-NP
+to TO B-VP
+do VB I-VP
+. . O
+
+NATIONWIDE NNP B-NP
+HEALTH NN I-NP
+PROPERTIES NNPS I-NP
+, , O
+Pasadena NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+n't RB I-VP
+pay VB I-VP
+its PRP$ B-NP
+fourth-quarter JJ I-NP
+dividend NN I-NP
+, , O
+despite IN B-PP
+a DT B-NP
+44 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+earnings NNS I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+3.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+42 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Net JJ B-NP
+income NN I-NP
+included VBD B-VP
+a DT B-NP
+gain NN I-NP
+of IN B-PP
+$ $ B-NP
+708,000 CD I-NP
+on IN B-PP
+asset NN B-NP
+sales NNS I-NP
+, , O
+the DT B-NP
+real JJ I-NP
+estate NN I-NP
+investment NN I-NP
+trust NN I-NP
+said VBD B-VP
+. . O
+
+A DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+Nationwide NNP B-NP
+Health NNP I-NP
+earned VBD B-VP
+$ $ B-NP
+2.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+29 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+8.8 CD I-NP
+million CD I-NP
+. . O
+
+Nationwide NNP B-NP
+Health NNP I-NP
+said VBD B-VP
+that IN B-SBAR
+although IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+the DT B-NP
+cash NN I-NP
+to TO B-VP
+cover VB I-VP
+the DT B-NP
+25-cent-a-share JJ I-NP
+dividend NN I-NP
+, , O
+its PRP$ B-NP
+banks NNS I-NP
+have VBP B-VP
+denied VBN I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+request NN I-NP
+to TO B-VP
+pay VB I-VP
+it PRP B-NP
+because IN B-SBAR
+the DT B-NP
+trust NN I-NP
+has VBZ B-VP
+n't RB I-VP
+met VBN I-VP
+certain JJ B-NP
+terms NNS I-NP
+. . O
+
+Nationwide NNP B-NP
+Health NNP I-NP
+said VBD B-VP
+it PRP B-NP
+has VBZ B-VP
+`` `` O
+numerous JJ B-NP
+financing NN I-NP
+activities NNS I-NP
+'' '' O
+under IN B-PP
+way NN B-NP
+to TO B-VP
+remedy VB I-VP
+the DT B-NP
+problem NN I-NP
+and CC O
+will MD B-VP
+make VB I-VP
+up IN B-PRT
+the DT B-NP
+dividend NN I-NP
+payment NN I-NP
+later RB B-ADVP
+if IN B-SBAR
+possible JJ B-ADJP
+. . O
+
+Aussedat NNP B-NP
+Rey NNP I-NP
+S.A. NNP I-NP
+, , O
+a DT B-NP
+French JJ I-NP
+paper NN I-NP
+producer NN I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+concluded VBD B-VP
+an DT B-NP
+agreement NN I-NP
+with IN B-PP
+Japan NNP B-NP
+'s POS B-NP
+Fuji NNP I-NP
+Photo NNP I-NP
+Film NNP I-NP
+Co. NNP I-NP
+that WDT B-NP
+will MD B-VP
+allow VB I-VP
+Aussedat NNP B-NP
+Rey NNP I-NP
+to TO B-VP
+manufacture VB I-VP
+and CC I-VP
+sell VB I-VP
+thermal JJ B-NP
+paper NN I-NP
+using VBG B-VP
+Fuji NNP B-NP
+technology NN I-NP
+. . O
+
+Aussedat NNP B-NP
+Rey NNP I-NP
+is VBZ B-VP
+a DT B-NP
+leading VBG I-NP
+French JJ I-NP
+maker NN I-NP
+of IN B-PP
+copying NN B-NP
+and CC I-NP
+electronic JJ I-NP
+printing NN I-NP
+paper NN I-NP
+. . O
+
+Thermal JJ B-NP
+paper NN I-NP
+is VBZ B-VP
+used VBN I-VP
+in IN B-PP
+facsimile NN B-NP
+machines NNS I-NP
+. . O
+
+Terms NNS B-NP
+of IN B-PP
+the DT B-NP
+agreement NN I-NP
+were VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+Aussedat NNP B-NP
+Rey NNP I-NP
+'s POS B-NP
+move NN I-NP
+follows VBZ B-VP
+similar JJ B-NP
+technology-licensing JJ I-NP
+agreements NNS I-NP
+between IN B-PP
+Japanese JJ B-NP
+producers NNS I-NP
+of IN B-PP
+thermal JJ B-NP
+paper NN I-NP
+and CC O
+European JJ B-NP
+paper NN I-NP
+groups NNS I-NP
+. . O
+
+W.R. NNP B-NP
+Grace NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+said VBD B-VP
+its PRP$ B-NP
+earnings NNS I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+nearly RB B-VP
+doubled VBD I-VP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+114.4 CD I-NP
+million CD I-NP
+pre-tax JJ I-NP
+gain NN I-NP
+from IN B-PP
+restructuring VBG B-VP
+its PRP$ B-NP
+energy NN I-NP
+operations NNS I-NP
+and CC O
+other JJ B-NP
+adjustments NNS I-NP
+. . O
+
+Net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+97.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.15 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+50.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+60 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+increased VBN B-VP
+7 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.49 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.39 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+gain NN I-NP
+resulted VBD B-VP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+Grace NNP B-NP
+Equipment NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+initial JJ I-NP
+public JJ I-NP
+offering NN I-NP
+of IN B-PP
+a DT B-NP
+one-sixth JJ I-NP
+interest NN I-NP
+in IN B-PP
+Grace NNP B-NP
+Energy NNP I-NP
+Corp. NNP I-NP
+and CC O
+an DT B-NP
+adjustment NN I-NP
+in IN B-PP
+the DT B-NP
+carrying VBG I-NP
+value NN I-NP
+of IN B-PP
+certain JJ B-NP
+natural JJ I-NP
+resource NN I-NP
+assets NNS I-NP
+not RB B-NP
+part NN I-NP
+of IN B-PP
+Grace NNP B-NP
+Energy NNP I-NP
+. . O
+
+The DT B-NP
+international JJ I-NP
+specialty NN I-NP
+chemical NN I-NP
+company NN I-NP
+'s POS B-NP
+earnings NNS I-NP
+were VBD B-VP
+hurt VBN I-VP
+by IN B-PP
+an DT B-NP
+accrual NN I-NP
+for IN B-PP
+stock-appreciation NN B-NP
+rights NNS I-NP
+that WDT B-NP
+reflected VBD B-VP
+a DT B-NP
+19 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+price NN I-NP
+, , O
+and CC O
+higher JJR B-NP
+interest NN I-NP
+expenses NNS I-NP
+. . O
+
+Anglo NNP B-NP
+American NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+Ltd. NNP I-NP
+said VBD B-VP
+the DT B-NP
+third-quarter JJ I-NP
+combined VBN I-NP
+profit NN I-NP
+of IN B-PP
+its PRP$ B-NP
+six CD I-NP
+gold NN I-NP
+mines NNS I-NP
+dropped VBD B-VP
+8.5 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+quarter NN I-NP
+. . O
+
+Total JJ B-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+to TO B-PP
+471.6 CD B-NP
+million CD I-NP
+rand NN I-NP
+-LRB- ( O
+$ $ B-NP
+178.0 CD I-NP
+million CD I-NP
+-RRB- ) O
+from IN B-PP
+515.4 CD B-NP
+million CD I-NP
+rand NN I-NP
+in IN B-PP
+the DT B-NP
+June NNP I-NP
+quarter NN I-NP
+. . O
+
+Total JJ B-NP
+gold NN I-NP
+production NN I-NP
+by IN B-PP
+all DT B-NP
+six CD I-NP
+mines NNS I-NP
+rose VBD B-VP
+4 CD B-NP
+% NN I-NP
+to TO B-PP
+63,971 CD B-NP
+kilograms NNS I-NP
+from IN B-PP
+61,493 CD B-NP
+kilograms NNS I-NP
+in IN B-PP
+the DT B-NP
+previous JJ I-NP
+quarter NN I-NP
+. . O
+
+Doman NNP B-NP
+Industries NNP I-NP
+Ltd. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+increased VBD B-VP
+its PRP$ B-NP
+stake NN I-NP
+in IN B-PP
+Western NNP B-NP
+Forest NNP I-NP
+Products NNP I-NP
+Ltd. NNP I-NP
+to TO B-PP
+56 CD B-NP
+% NN I-NP
+from IN B-PP
+22 CD B-NP
+% NN I-NP
+, , O
+through IN B-PP
+a DT B-NP
+two-step JJ I-NP
+transaction NN I-NP
+valued VBN B-VP
+at IN B-PP
+137 CD B-NP
+million CD I-NP
+Canadian JJ I-NP
+dollars NNS I-NP
+-LRB- ( O
+$ $ B-NP
+US116.7 CD I-NP
+million CD I-NP
+-RRB- ) O
+. . O
+
+Doman NNP B-NP
+is VBZ B-VP
+based VBN I-VP
+in IN B-PP
+Duncan NNP B-NP
+, , O
+British NNP B-NP
+Columbia NNP I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+founded VBN B-VP
+and CC I-VP
+controlled VBN I-VP
+by IN B-PP
+Harbanse NNP B-NP
+Doman NNP I-NP
+, , O
+its PRP$ B-NP
+chairman NN I-NP
+and CC I-NP
+president NN I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+purchase NN I-NP
+would MD B-VP
+make VB I-VP
+it PRP B-NP
+Canada NNP B-NP
+'s POS B-NP
+10th JJ B-ADJP
+largest JJS I-ADJP
+forest NN B-NP
+products NNS I-NP
+company NN I-NP
+. . O
+
+Under IN B-PP
+terms NNS B-NP
+of IN B-PP
+the DT B-NP
+transaction NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+proposed VBN I-VP
+in IN B-PP
+June NNP B-NP
+, , O
+Doman NNP B-NP
+said VBD B-VP
+it PRP B-NP
+acquired VBD B-VP
+International NNP B-NP
+Forest NNP I-NP
+Products NNP I-NP
+Ltd. NNP I-NP
+'s POS B-NP
+22 CD B-ADJP
+% NN I-ADJP
+stake NN B-NP
+in IN B-PP
+Western NNP B-NP
+Forest NNP I-NP
+, , O
+and CC O
+Western NNP B-NP
+Forest NNP I-NP
+, , O
+in IN B-PP
+a DT B-NP
+related VBN I-NP
+transaction NN I-NP
+, , O
+bought VBD B-VP
+back RB B-PRT
+a DT B-NP
+22 CD I-NP
+% NN I-NP
+interest NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+from IN B-PP
+Fletcher NNP B-NP
+Challenge NNP I-NP
+Canada NNP I-NP
+Ltd NNP I-NP
+. . O
+
+The DT B-NP
+Fletcher NNP I-NP
+Challenge NNP I-NP
+Canada NNP I-NP
+stake NN I-NP
+was VBD B-VP
+then RB I-VP
+canceled VBN I-VP
+, , O
+Doman NNP B-NP
+said VBD B-VP
+, , O
+raising VBG B-VP
+Doman NNP B-NP
+'s POS B-NP
+interest NN I-NP
+in IN B-PP
+Western NNP B-NP
+Forest NNP I-NP
+to TO B-PP
+56 CD B-NP
+% NN I-NP
+. . O
+
+Doman NNP B-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+also RB I-VP
+granted VBN I-VP
+an DT B-NP
+option NN I-NP
+to TO B-VP
+acquire VB I-VP
+the DT B-NP
+remaining VBG I-NP
+44 CD I-NP
+% NN I-NP
+interest NN I-NP
+in IN B-PP
+Western NNP B-NP
+Forest NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+currently RB I-VP
+held VBN I-VP
+by IN B-PP
+two CD B-NP
+Canadian JJ I-NP
+banks NNS I-NP
+. . O
+
+International NNP B-NP
+Forest NNP I-NP
+, , O
+Western NNP B-NP
+Forest NNP I-NP
+, , O
+and CC O
+Fletcher NNP B-NP
+Challenge NNP I-NP
+Canada NNP I-NP
+are VBP B-VP
+Vancouver-based JJ B-NP
+forest NN I-NP
+products NNS I-NP
+concerns NNS I-NP
+. . O
+
+The DT B-NP
+Canadian JJ I-NP
+government NN I-NP
+introduced VBN B-VP
+in IN B-PP
+the DT B-NP
+House NNP I-NP
+of IN B-PP
+Commons NNP B-NP
+legislation NN B-NP
+to TO B-VP
+extend VB I-VP
+federal JJ B-NP
+regulatory JJ I-NP
+authority NN I-NP
+over IN B-PP
+provincial JJ B-NP
+government-owned JJ I-NP
+telephone NN I-NP
+utilities NNS I-NP
+in IN B-PP
+Alberta NNP B-NP
+, , I-NP
+Saskatchewan NNP I-NP
+and CC I-NP
+Manitoba NNP I-NP
+. . O
+
+The DT B-NP
+legislation NN I-NP
+would MD B-VP
+open VB I-VP
+the DT B-NP
+way NN I-NP
+for IN B-PP
+more JJR B-NP
+telephone NN I-NP
+services NNS I-NP
+and CC O
+more JJR B-NP
+competition NN I-NP
+in IN B-PP
+the DT B-NP
+telephone NN I-NP
+business NN I-NP
+in IN B-PP
+the DT B-NP
+three CD I-NP
+provinces NNS I-NP
+, , O
+federal JJ B-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+federal JJ I-NP
+government NN I-NP
+initiative NN I-NP
+follows VBZ B-VP
+a DT B-NP
+recent JJ I-NP
+Canadian NNP I-NP
+Supreme NNP I-NP
+Court NNP I-NP
+decision NN I-NP
+that WDT B-NP
+held VBD B-VP
+that IN B-SBAR
+the DT B-NP
+major JJ I-NP
+telephone NN I-NP
+companies NNS I-NP
+in IN B-PP
+Alberta NNP B-NP
+, , I-NP
+Saskatchewan NNP I-NP
+and CC I-NP
+Manitoba NNP I-NP
+and CC B-PP
+in IN B-PP
+the DT B-NP
+Atlantic NNP I-NP
+coast NN I-NP
+provinces NNS I-NP
+were VBD B-VP
+interprovincial JJ B-NP
+undertakings NNS I-NP
+and CC O
+subject NN B-ADJP
+to TO B-PP
+federal JJ B-NP
+legislative JJ I-NP
+authority NN I-NP
+. . O
+
+Prior RB B-ADVP
+to TO B-PP
+the DT B-NP
+ruling VBG I-NP
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+had VBD B-VP
+regulated VBN I-VP
+only RB B-NP
+the DT I-NP
+telephone NN I-NP
+companies NNS I-NP
+in IN B-PP
+Quebec NNP B-NP
+, , O
+Ontario NNP B-NP
+, , O
+British NNP B-NP
+Columbia NNP I-NP
+and CC O
+the DT B-NP
+Northwest NNP I-NP
+Territories NNP I-NP
+. . O
+
+The DT B-NP
+governments NNS I-NP
+of IN B-PP
+Alberta NNP B-NP
+, , I-NP
+Saskatchewan NNP I-NP
+and CC I-NP
+Manitoba NNP I-NP
+have VBP B-VP
+strongly RB I-VP
+opposed VBN I-VP
+federal JJ B-NP
+regulation NN I-NP
+of IN B-PP
+their PRP$ B-NP
+telephone NN I-NP
+companies NNS I-NP
+. . O
+
+The DT B-NP
+extension NN I-NP
+of IN B-PP
+federal JJ B-NP
+regulatory JJ I-NP
+authority NN I-NP
+over IN B-PP
+telephone NN B-NP
+utilities NNS I-NP
+in IN B-PP
+the DT B-NP
+Atlantic NNP I-NP
+provinces NNS I-NP
+has VBZ B-VP
+n't RB I-VP
+required VBN I-VP
+special JJ B-NP
+legislation NN I-NP
+because IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+investor-owned JJ B-ADJP
+. . O
+
+Amdura NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+bank NN I-NP
+group NN I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+Chicago-based JJ B-NP
+Continental NNP I-NP
+Bank NNP I-NP
+, , O
+agreed VBD B-VP
+to TO I-VP
+extend VB I-VP
+its PRP$ B-NP
+$ $ I-NP
+40 CD I-NP
+million CD I-NP
+bridge NN I-NP
+loan NN I-NP
+until IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1990 CD I-NP
+, , O
+and CC O
+gave VBD B-VP
+it PRP B-NP
+a DT B-NP
+new JJ I-NP
+$ $ I-NP
+30 CD I-NP
+million CD I-NP
+credit NN I-NP
+line NN I-NP
+. . O
+
+Under IN B-PP
+terms NNS B-NP
+of IN B-PP
+the DT B-NP
+loan NN I-NP
+agreement NN I-NP
+, , O
+Amdura NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+omit VB I-VP
+the DT B-NP
+next JJ I-NP
+quarterly JJ I-NP
+dividends NNS I-NP
+on IN B-PP
+its PRP$ B-NP
+Series NNP I-NP
+A DT I-NP
+, , I-NP
+B NNP I-NP
+, , I-NP
+C NN I-NP
+and CC I-NP
+D NN I-NP
+preferred JJ I-NP
+shares NNS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+due JJ B-ADJP
+Nov. NNP B-NP
+15 CD I-NP
+. . O
+
+Since IN B-SBAR
+the DT B-NP
+preferred JJ I-NP
+stock NN I-NP
+is VBZ B-VP
+cumulative JJ B-ADJP
+, , O
+Amdura NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+pay VB I-VP
+all DT B-NP
+omitted VBN I-NP
+dividends NNS I-NP
+, , O
+which WDT B-NP
+range VBP B-VP
+from IN B-PP
+$ $ B-NP
+1.19 CD I-NP
+to TO I-NP
+$ $ I-NP
+4.88 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+when WRB B-ADVP
+debt-reduction NN B-NP
+requirements NNS I-NP
+have VBP B-VP
+been VBN I-VP
+met VBN I-VP
+. . O
+
+Amdura NNP B-NP
+'s POS B-NP
+bridge NN I-NP
+loan NN I-NP
+, , O
+part NN B-NP
+of IN B-PP
+the DT B-NP
+financing NN I-NP
+for IN B-PP
+Amdura NNP B-NP
+'s POS B-NP
+acquisition NN I-NP
+of IN B-PP
+CoastAmerica NNP B-NP
+in IN B-PP
+December NNP B-NP
+1988 CD I-NP
+, , O
+was VBD B-VP
+to TO B-VP
+come VB I-VP
+due JJ B-ADJP
+next JJ B-NP
+Friday NNP I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+'s POS B-NP
+new JJ I-NP
+management NN I-NP
+, , O
+which WDT B-NP
+took VBD B-VP
+control NN B-NP
+of IN B-PP
+Amdura NNP B-NP
+'s POS B-NP
+board NN I-NP
+after IN B-PP
+a DT B-NP
+consent NN I-NP
+solicitation NN I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+wanted VBD B-VP
+to TO I-VP
+extend VB I-VP
+the DT B-NP
+loan NN I-NP
+while IN B-SBAR
+it PRP B-NP
+tries VBZ B-VP
+to TO I-VP
+sell VB I-VP
+two CD B-NP
+units NNS I-NP
+. . O
+
+Proceeds NNS B-NP
+from IN B-PP
+those DT B-NP
+sales NNS I-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+reduce VB I-VP
+debt NN B-NP
+. . O
+
+Amdura NNP B-NP
+, , O
+a DT B-NP
+Denver NNP I-NP
+hardware NN I-NP
+and CC I-NP
+automotive JJ I-NP
+distributor NN I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+new JJ I-NP
+credit NN I-NP
+agreement NN I-NP
+will MD B-VP
+provide VB I-VP
+the DT B-NP
+working VBG I-NP
+capital NN I-NP
+needed VBN B-VP
+to TO B-VP
+meet VB I-VP
+ongoing JJ B-NP
+requirements NNS I-NP
+. . O
+
+Three CD B-NP
+savings-and-loan JJ I-NP
+institutions NNS I-NP
+in IN B-PP
+Kansas NNP B-NP
+and CC I-NP
+Texas NNP I-NP
+were VBD B-VP
+added VBN I-VP
+to TO B-PP
+the DT B-NP
+Resolution NNP I-NP
+Trust NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+conservatorship NN I-NP
+program NN I-NP
+after IN B-SBAR
+federal JJ B-NP
+regulators NNS I-NP
+declared VBD B-VP
+the DT B-NP
+thrifts NNS I-NP
+insolvent JJ B-ADJP
+and CC O
+named VBD B-VP
+the DT B-NP
+RTC NNP I-NP
+their PRP$ B-NP
+receiver NN I-NP
+. . O
+
+The DT B-NP
+deposits NNS I-NP
+, , I-NP
+assets NNS I-NP
+and CC I-NP
+certain JJ I-NP
+liabilities NNS I-NP
+of IN B-PP
+the DT B-NP
+three CD I-NP
+thrifts NNS I-NP
+were VBD B-VP
+transferred VBN I-VP
+to TO B-PP
+newly RB B-NP
+chartered JJ I-NP
+federal JJ I-NP
+mutual JJ I-NP
+institutions NNS I-NP
+. . O
+
+The DT B-NP
+three CD I-NP
+institutions NNS I-NP
+are VBP B-VP
+: : O
+Mid NNP B-NP
+Kansas NNP I-NP
+Federal NNP I-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+Association NNP I-NP
+, , O
+Wichita NNP B-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+$ $ B-NP
+830.5 CD I-NP
+million CD I-NP
+in IN B-PP
+assets NNS B-NP
+; : O
+Valley NNP B-NP
+Federal NNP I-NP
+Savings NNP I-NP
+& CC I-NP
+Loan NNP I-NP
+Association NNP I-NP
+of IN B-PP
+McAllen NNP B-NP
+, , O
+McAllen NNP B-NP
+, , O
+Texas NNP B-NP
+, , O
+with IN B-PP
+$ $ B-NP
+582.6 CD I-NP
+million CD I-NP
+in IN B-PP
+assets NNS B-NP
+; : O
+and CC O
+Surety NNP B-NP
+Savings NNP I-NP
+Association NNP I-NP
+, , O
+El NNP B-NP
+Paso NNP I-NP
+, , O
+with IN B-PP
+$ $ B-NP
+309.3 CD I-NP
+million CD I-NP
+in IN B-PP
+assets NNS B-NP
+. . O
+
+The DT B-NP
+three CD I-NP
+insolvent JJ I-NP
+thrifts NNS I-NP
+will MD B-VP
+maintain VB I-VP
+normal JJ B-NP
+business NN I-NP
+hours NNS I-NP
+and CC I-NP
+operations NNS I-NP
+under IN B-PP
+RTC-appointed JJ B-NP
+managing NN I-NP
+agents NNS I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+RTC NNP I-NP
+tries VBZ B-VP
+to TO I-VP
+negotiate VB I-VP
+permanent JJ B-NP
+resolutions NNS I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+Century NNP B-NP
+Bank NNP I-NP
+, , O
+Phoenix NNP B-NP
+, , O
+Ariz. NNP B-NP
+, , O
+was VBD B-VP
+closed VBN I-VP
+by IN B-PP
+Arizona NNP B-NP
+banking NN I-NP
+officials NNS I-NP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Deposit NNP I-NP
+Insurance NNP I-NP
+Corp. NNP I-NP
+approved VBD B-VP
+the DT B-NP
+assumption NN I-NP
+of IN B-PP
+Century NNP B-NP
+'s POS B-NP
+deposits NNS O
+and CC O
+fully RB B-ADJP
+secured VBN I-ADJP
+liabilities NNS B-NP
+by IN B-PP
+a DT B-NP
+newly RB I-NP
+chartered JJ I-NP
+subsidiary NN I-NP
+of IN B-PP
+Valley NNP B-NP
+Capital NNP I-NP
+Corp. NNP I-NP
+, , O
+Las NNP B-NP
+Vegas NNP I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+institution NN I-NP
+is VBZ B-VP
+also RB I-VP
+called VBN I-VP
+Century NNP B-NP
+Bank NNP I-NP
+, , O
+and CC O
+the DT B-NP
+failed VBN I-NP
+bank NN I-NP
+'s POS B-NP
+five CD I-NP
+offices NNS I-NP
+will MD B-VP
+reopen VB I-VP
+today NN B-NP
+. . O
+
+The DT B-NP
+failed VBN I-NP
+bank NN I-NP
+had VBD B-VP
+assets NNS B-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+129.6 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+newly RB I-NP
+chartered JJ I-NP
+bank NN I-NP
+will MD B-VP
+assume VB I-VP
+about RB B-NP
+$ $ I-NP
+125.7 CD I-NP
+million CD I-NP
+in IN B-PP
+10,300 CD B-NP
+deposit NN I-NP
+accounts NNS I-NP
+and CC O
+pay VB B-VP
+the DT B-NP
+FDIC NNP I-NP
+a DT B-NP
+purchase NN I-NP
+premium NN I-NP
+of IN B-PP
+$ $ B-NP
+2.9 CD I-NP
+million CD I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+will MD B-VP
+buy VB I-VP
+about RB B-NP
+$ $ I-NP
+91.7 CD I-NP
+million CD I-NP
+of IN B-PP
+assets NNS B-NP
+, , O
+and CC O
+the DT B-NP
+FDIC NNP I-NP
+will MD B-VP
+advance VB I-VP
+$ $ B-NP
+31.8 CD I-NP
+million CD I-NP
+to TO B-PP
+the DT B-NP
+assuming VBG I-NP
+bank NN I-NP
+. . O
+
+Lonrho NNP B-NP
+PLC NNP I-NP
+of IN B-PP
+Britain NNP B-NP
+is VBZ B-VP
+to TO B-VP
+come VB I-VP
+to TO B-PP
+the DT B-NP
+rescue NN I-NP
+of IN B-PP
+the DT B-NP
+French JJ I-NP
+distribution NN I-NP
+group NN I-NP
+Societe NNP I-NP
+Commerciale NNP I-NP
+de FW I-NP
+l'Ouest NNP I-NP
+Africaine NNP I-NP
+in IN B-PP
+an DT B-NP
+operation NN I-NP
+that WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+engineered VBN I-VP
+with IN B-PP
+the DT B-NP
+Paribas NNP I-NP
+financial JJ I-NP
+group NN I-NP
+, , O
+Societe NNP B-NP
+Commerciale NNP I-NP
+'s POS B-NP
+main JJ I-NP
+shareholder NN I-NP
+. . O
+
+The DT B-NP
+announcement NN I-NP
+came VBD B-VP
+as IN B-SBAR
+Societe NNP B-NP
+Commerciale NNP I-NP
+, , O
+a DT B-NP
+trading NN I-NP
+company NN I-NP
+with IN B-PP
+activities NNS B-NP
+in IN B-PP
+more JJR B-NP
+than IN I-NP
+40 CD I-NP
+countries NNS I-NP
+, , O
+reported VBD B-VP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+320.5 CD B-NP
+million CD I-NP
+francs NNS I-NP
+-LRB- ( O
+$ $ B-NP
+51 CD I-NP
+million CD I-NP
+-RRB- ) O
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+six CD I-NP
+months NNS I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+, , O
+partly RB B-PP
+because IN I-PP
+of IN I-PP
+provisions NNS B-NP
+on IN B-PP
+future NN B-NP
+losses NNS I-NP
+. . O
+
+The DT B-NP
+rescue NN I-NP
+operation NN I-NP
+will MD B-VP
+consist VB I-VP
+of IN B-PP
+a DT B-NP
+capital NN I-NP
+boost NN I-NP
+for IN B-PP
+Societe NNP B-NP
+Commerciale NNP I-NP
+of IN B-PP
+one CD B-NP
+billion CD I-NP
+francs NNS I-NP
+through IN B-PP
+issues NNS B-NP
+of IN B-PP
+new JJ B-NP
+shares NNS I-NP
+and CC O
+convertible JJ B-NP
+bonds NNS I-NP
+. . O
+
+Cie NNP B-NP
+. . I-NP
+Financiere NNP I-NP
+de FW I-NP
+Paribas NNP I-NP
+said VBD B-VP
+it PRP B-NP
+intends VBZ B-VP
+to TO I-VP
+transfer VB I-VP
+its PRP$ B-NP
+30 CD I-NP
+% NN I-NP
+shareholding NN I-NP
+in IN B-PP
+Societe NNP B-NP
+Commerciale NNP I-NP
+to TO B-PP
+a DT B-NP
+new JJ I-NP
+company NN I-NP
+which WDT B-NP
+will MD B-VP
+be VB I-VP
+jointly RB I-VP
+owned VBN I-VP
+with IN B-PP
+Lonrho NNP B-NP
+. . O
+
+This DT B-NP
+will MD B-VP
+give VB I-VP
+Paribas NNP B-NP
+and CC I-NP
+Lonrho NNP I-NP
+joint JJ B-NP
+control NN I-NP
+of IN B-PP
+Societe NNP B-NP
+Commerciale NNP I-NP
+. . O
+
+Paribas NNP B-NP
+said VBD B-VP
+Lonrho NNP B-NP
+will MD B-VP
+participate VB I-VP
+in IN B-PP
+the DT B-NP
+forthcoming JJ I-NP
+capital NN I-NP
+boost NN I-NP
+for IN B-PP
+Societe NNP B-NP
+Commerciale NNP I-NP
+. . O
+
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+and CC O
+MCA NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+they PRP B-NP
+agreed VBD B-VP
+to TO I-VP
+sell VB I-VP
+their PRP$ B-NP
+Discovision NNP I-NP
+Associates NNPS I-NP
+joint JJ I-NP
+venture NN I-NP
+to TO B-PP
+U.S. NNP B-NP
+units NNS I-NP
+of IN B-PP
+Pioneer NNP B-NP
+Electronic NNP I-NP
+Corp. NNP I-NP
+for IN B-PP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+joint JJ I-NP
+venture NN I-NP
+licenses VBZ B-VP
+a DT B-NP
+portfolio NN I-NP
+of IN B-PP
+about IN B-NP
+1,400 CD I-NP
+patents NNS I-NP
+and CC I-NP
+patent NN I-NP
+applications NNS I-NP
+relating VBG B-VP
+to TO B-PP
+optical-disk JJ B-NP
+recording NN I-NP
+technology NN I-NP
+. . O
+
+IBM NNP B-NP
+and CC I-NP
+MCA NNP I-NP
+formed VBD B-VP
+Discovision NNP B-NP
+in IN B-PP
+1979 CD B-NP
+to TO B-VP
+make VB I-VP
+laser-read JJ B-NP
+optical JJ I-NP
+products NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+partners NNS I-NP
+did VBD B-VP
+n't RB I-VP
+believe VB I-VP
+the DT B-NP
+market NN I-NP
+for IN B-PP
+the DT B-NP
+systems NNS I-NP
+was VBD B-VP
+developing VBG I-VP
+as RB B-ADVP
+rapidly RB I-ADVP
+as IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+hoped VBN I-VP
+. . O
+
+After IN B-PP
+reportedly RB B-ADVP
+investing VBG B-VP
+$ $ B-NP
+100 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+, , O
+Discovision NNP B-NP
+ceased VBD B-VP
+manufacturing NN B-NP
+operations NNS I-NP
+in IN B-PP
+1982 CD B-NP
+and CC O
+sold VBN B-VP
+many NN B-NP
+of IN B-PP
+its PRP$ B-NP
+assets NNS I-NP
+to TO B-PP
+Tokyo-based NNP B-NP
+Pioneer NNP I-NP
+, , O
+among IN B-PP
+others NNS B-NP
+. . O
+
+Discovision NNP B-NP
+now RB B-ADVP
+has VBZ B-VP
+world-wide JJ B-NP
+license NN I-NP
+agreements NNS I-NP
+with IN B-PP
+major JJ B-NP
+manufacturers NNS I-NP
+covering VBG B-VP
+CD NNP B-NP
+audio JJ I-NP
+disks NNS I-NP
+, , O
+audio JJ B-NP
+disk NN I-NP
+players NNS I-NP
+, , O
+videodisks NNS B-NP
+and CC O
+videodisk NN B-NP
+players NNS I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+licenses VBZ B-VP
+optically RB B-NP
+based VBN I-NP
+data NNS I-NP
+storage NN I-NP
+and CC I-NP
+retrieval NN I-NP
+devices NNS I-NP
+. . O
+
+James NNP B-NP
+N. NNP I-NP
+Fiedler NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Discovision NNP B-NP
+and CC O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+MCA NNP B-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+IBM NNP B-NP
+and CC I-NP
+MCA NNP I-NP
+had VBD B-VP
+n't RB I-VP
+planned VBN I-VP
+to TO I-VP
+sell VB I-VP
+the DT B-NP
+joint JJ I-NP
+venture NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+now RB B-ADVP
+profitable JJ B-ADJP
+, , O
+but CC O
+that IN B-SBAR
+Pioneer NNP B-NP
+approached VBD B-VP
+Discovision NNP B-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+n't RB O
+certain JJ B-ADJP
+whether IN B-SBAR
+Discovision NNP B-NP
+'s POS B-NP
+current JJ I-NP
+management NN I-NP
+will MD B-VP
+remain VB I-VP
+when WRB B-ADVP
+Pioneer NNP B-NP
+buys VBZ B-VP
+the DT B-NP
+company NN I-NP
+. . O
+
+The DT B-NP
+agreement NN I-NP
+is VBZ B-VP
+contingent JJ B-ADJP
+on IN B-PP
+certain JJ B-NP
+government NN I-NP
+approvals NNS I-NP
+and CC O
+should MD B-VP
+be VB I-VP
+completed VBN I-VP
+later RB B-NP
+this DT I-NP
+year NN I-NP
+. . O
+
+Tokyo NNP B-NP
+stocks NNS I-NP
+closed VBD B-VP
+higher JJR B-ADVP
+in IN B-PP
+moderately RB B-NP
+active JJ I-NP
+but CC I-NP
+directionless JJ I-NP
+trading NN I-NP
+as IN B-SBAR
+the DT B-NP
+recent JJ I-NP
+anxiety NN I-NP
+in IN B-PP
+world NN B-NP
+stock NN I-NP
+markets NNS I-NP
+continued VBD B-VP
+to TO I-VP
+fade VB I-VP
+. . O
+
+London JJ B-NP
+shares NNS I-NP
+also RB B-ADVP
+closed VBD B-VP
+firmer JJR B-ADJP
+in IN B-PP
+thin JJ B-NP
+trading NN I-NP
+driven VBN B-VP
+largely RB B-ADVP
+by IN B-PP
+technical JJ B-NP
+factors NNS I-NP
+and CC O
+support NN B-NP
+from IN B-PP
+a DT B-NP
+new JJ I-NP
+Wall NNP I-NP
+Street NNP I-NP
+rally NN I-NP
+. . O
+
+Prices NNS B-NP
+also RB B-ADVP
+rose VBD B-VP
+on IN B-PP
+almost RB B-NP
+every DT I-NP
+other JJ I-NP
+major JJ I-NP
+exchange NN I-NP
+in IN B-PP
+Europe NNP B-NP
+, , O
+Asia NNP B-NP
+and CC O
+the DT B-NP
+Pacific NNP I-NP
+. . O
+
+Tokyo NNP B-NP
+'s POS B-NP
+Nikkei NNP I-NP
+index NN I-NP
+of IN B-PP
+225 CD B-NP
+issues NNS I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+111.48 CD B-NP
+points NNS I-NP
+Wednesday NNP B-NP
+, , O
+climbed VBD B-VP
+266.66 CD B-NP
+, , O
+or CC O
+0.76 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+35374.22 CD B-NP
+. . O
+
+Volume NN B-NP
+on IN B-PP
+the DT B-NP
+first JJ I-NP
+section NN I-NP
+was VBD B-VP
+estimated VBN I-VP
+at IN B-PP
+800 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+841 CD B-NP
+million CD I-NP
+Wednesday NNP B-NP
+. . O
+
+Winners NNS B-NP
+outnumbered VBD B-VP
+losers NNS B-NP
+645-293 CD B-ADVP
+, , O
+with IN B-SBAR
+186 CD B-NP
+issues NNS I-NP
+unchanged JJ B-ADJP
+. . O
+
+In IN B-PP
+early JJ B-NP
+trading NN I-NP
+in IN B-PP
+Tokyo NNP B-NP
+Friday NNP B-NP
+, , O
+the DT B-NP
+Nikkei NNP I-NP
+index NN I-NP
+rose VBD B-VP
+170.65 CD B-NP
+points NNS I-NP
+, , O
+to TO B-PP
+35544.87 CD B-NP
+. . O
+
+On IN B-PP
+Thursday NNP B-NP
+, , O
+the DT B-NP
+Tokyo NNP I-NP
+Stock NNP I-NP
+Price NNP I-NP
+Index NNP I-NP
+of IN B-PP
+all DT B-NP
+issues NNS I-NP
+listed VBN B-VP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+section NN I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+0.24 CD B-NP
+point NN I-NP
+Wednesday NNP B-NP
+, , O
+was VBD B-VP
+up IN B-ADVP
+22.78 CD B-NP
+, , O
+or CC O
+0.86 CD B-NP
+% NN I-NP
+, , O
+at IN B-PP
+2665.66 CD B-NP
+. . O
+
+The DT B-NP
+morning NN I-NP
+session NN I-NP
+was VBD B-VP
+dominated VBN I-VP
+by IN B-PP
+individuals NNS B-NP
+and CC I-NP
+dealers NNS I-NP
+, , O
+but CC O
+some DT B-NP
+institutions NNS I-NP
+participated VBD B-VP
+in IN B-PP
+the DT B-NP
+afternoon NN I-NP
+, , O
+encouraged VBN B-VP
+by IN B-PP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+firmness NN I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Sentiment NN B-NP
+was VBD B-VP
+helped VBN I-VP
+by IN B-PP
+the DT B-NP
+small JJ I-NP
+gain NN I-NP
+made VBN B-VP
+by IN B-PP
+New NNP B-NP
+York NNP I-NP
+stocks NNS I-NP
+Wednesday NNP B-NP
+despite IN B-PP
+anxiety NN B-NP
+over IN B-PP
+possible JJ B-NP
+effects NNS I-NP
+of IN B-PP
+the DT B-NP
+major JJ I-NP
+earthquake NN I-NP
+that WDT B-NP
+struck VBD B-VP
+northern JJ B-NP
+California NNP I-NP
+Tuesday NNP B-NP
+. . O
+
+Having VBG B-VP
+survived VBN I-VP
+both DT B-NP
+last JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+6.9 CD B-ADJP
+% NN I-ADJP
+Wall NNP B-NP
+Street NNP I-NP
+plunge NN I-NP
+and CC O
+the DT B-NP
+immediate JJ I-NP
+aftermath NN I-NP
+of IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+earthquake NN I-NP
+, , O
+Tokyo NNP B-NP
+market NN I-NP
+participants NNS I-NP
+expressed VBD B-VP
+relief NN B-NP
+that DT B-SBAR
+trading NN B-NP
+had VBD B-VP
+returned VBN I-VP
+to TO B-PP
+normal JJ B-NP
+. . O
+
+Hiroyuki NNP B-NP
+Murai NNP I-NP
+, , O
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+trading NN I-NP
+division NN I-NP
+at IN B-PP
+Nikko NNP B-NP
+Securities NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+after IN B-PP
+looking VBG B-VP
+at IN B-PP
+the DT B-NP
+reasons NNS I-NP
+for IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+Wall NNP I-NP
+Street NNP I-NP
+plunge NN I-NP
+, , O
+participants NNS B-NP
+realized VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Tokyo NNP I-NP
+and CC I-NP
+New NNP I-NP
+York NNP I-NP
+markets NNS I-NP
+have VBP B-VP
+different JJ B-NP
+economic JJ I-NP
+fundamentals NNS I-NP
+. . O
+
+This DT B-NP
+conclusion NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+restored VBD B-VP
+the DT B-NP
+credibility NN I-NP
+of IN B-PP
+Tokyo NNP B-NP
+stocks NNS I-NP
+. . O
+
+Yoshiaki NNP B-NP
+Mitsuoka NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+the DT B-NP
+investment NN I-NP
+information NN I-NP
+department NN I-NP
+at IN B-PP
+Daiwa NNP B-NP
+Investment NNP I-NP
+Trust NNP I-NP
+& CC I-NP
+Management NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+if IN B-SBAR
+New NNP B-NP
+York NNP I-NP
+stocks NNS I-NP
+just RB B-ADVP
+fluctuate VBP B-VP
+in IN B-PP
+or CC I-PP
+near IN I-PP
+their PRP$ B-NP
+current JJ I-NP
+range NN I-NP
+, , O
+the DT B-NP
+Tokyo NNP I-NP
+market NN I-NP
+will MD B-VP
+remain VB I-VP
+firm NN B-ADJP
+with IN B-PP
+a DT B-NP
+moderately RB I-NP
+upward JJ I-NP
+trend NN I-NP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+But CC O
+traders NNS B-NP
+said VBD B-VP
+the DT B-NP
+market NN I-NP
+lacks VBZ B-VP
+a DT B-NP
+base NN I-NP
+on IN B-PP
+which WDT B-NP
+to TO B-VP
+set VB I-VP
+long-term JJ B-NP
+buying NN I-NP
+strategy NN I-NP
+, , O
+as IN B-SBAR
+the DT B-NP
+future NN I-NP
+direction NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+interest NN I-NP
+rates NNS I-NP
+remains VBZ B-VP
+unclear JJ B-ADJP
+. . O
+
+`` `` O
+Investor NNP B-NP
+interest NN I-NP
+switches NNS B-VP
+back RB B-ADVP
+and CC I-ADVP
+forth RB I-ADVP
+ceaselessly RB B-ADVP
+as IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+unable JJ B-ADJP
+to TO B-VP
+shift VB I-VP
+their PRP$ B-NP
+weight NN I-NP
+to TO B-PP
+one CD B-NP
+side NN I-NP
+for IN B-PP
+sure JJ B-ADVP
+, , O
+'' '' O
+Mr. NNP B-NP
+Mitsuoka NNP I-NP
+of IN B-PP
+Daiwa NNP B-NP
+Investment NNP I-NP
+Trust NNP I-NP
+said VBD B-VP
+. . O
+
+Many JJ B-NP
+of IN B-PP
+Wednesday NNP B-NP
+'s POS B-NP
+winners NNS I-NP
+were VBD B-VP
+losers NNS B-NP
+yesterday NN B-NP
+as IN B-SBAR
+investors NNS B-NP
+quickly RB B-VP
+took VBD I-VP
+profits NNS B-NP
+and CC O
+rotated VBN B-VP
+their PRP$ B-NP
+buying NN I-NP
+to TO B-PP
+other JJ B-NP
+issues NNS I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Pharmaceuticals NNP B-NP
+made VBD B-VP
+across-the-board JJ B-NP
+advances NNS I-NP
+. . O
+
+Fujisawa NNP B-NP
+Pharmaceutical NNP I-NP
+gained VBD B-VP
+130 CD B-NP
+to TO B-PP
+1,930 CD B-NP
+yen NN I-NP
+-LRB- ( O
+$ $ B-NP
+13.64 CD I-NP
+-RRB- ) O
+a DT B-NP
+share NN I-NP
+, , O
+Mochida NNP B-NP
+Pharmaceutical NNP I-NP
+was VBD B-VP
+up IN B-ADVP
+150 CD B-NP
+at IN B-PP
+4,170 CD B-NP
+, , O
+and CC O
+Eisai NNP B-NP
+advanced VBD B-VP
+60 CD B-NP
+to TO B-PP
+2,360 CD B-NP
+. . O
+
+Housing NN B-NP
+issues NNS I-NP
+were VBD B-VP
+boosted VBN I-VP
+by IN B-PP
+a DT B-NP
+report NN I-NP
+that IN B-SBAR
+Daiwa NNP B-NP
+House NNP I-NP
+expects VBZ B-VP
+to TO I-VP
+post VB I-VP
+43 CD B-ADVP
+% NN I-ADVP
+higher JJR B-NP
+earnings NNS I-NP
+for IN B-PP
+its PRP$ B-NP
+latest JJS I-NP
+fiscal JJ I-NP
+year NN I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Daiwa NNP B-NP
+House NNP I-NP
+advanced VBD B-VP
+100 CD B-NP
+to TO B-PP
+2,610 CD B-NP
+, , O
+Misawa NNP B-NP
+Homes NNP I-NP
+was VBD B-VP
+up IN B-ADVP
+60 CD B-NP
+at IN B-PP
+2,940 CD B-NP
+, , O
+and CC O
+Sekisui NNP B-NP
+House NNP I-NP
+gained VBD B-VP
+100 CD B-NP
+to TO B-PP
+2,490 CD B-NP
+. . O
+
+Leading VBG B-NP
+construction NN I-NP
+companies NNS I-NP
+also RB B-ADVP
+attracted VBN B-VP
+interest NN B-NP
+for IN B-PP
+their PRP$ B-NP
+strong JJ I-NP
+earnings NNS I-NP
+outlooks NNS I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+They PRP B-NP
+and CC O
+many JJ B-NP
+other JJ I-NP
+major JJ I-NP
+Japanese JJ I-NP
+corporations NNS I-NP
+will MD B-VP
+issue VB I-VP
+results NNS B-NP
+soon RB B-ADVP
+for IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+first JJ I-NP
+half NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+Ohbayashi NNP B-NP
+was VBD B-VP
+up IN B-ADVP
+60 CD B-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+1,680 CD B-NP
+, , O
+Shimizu NNP B-NP
+gained VBD B-VP
+50 CD B-NP
+to TO B-PP
+2,120 CD B-NP
+, , O
+and CC O
+Kumagai-Gumi NNP B-NP
+advanced VBD B-VP
+40 CD B-NP
+to TO B-PP
+1,490 CD B-NP
+. . O
+
+Other JJ B-NP
+winners NNS I-NP
+included VBD B-VP
+real JJ B-NP
+estate NN I-NP
+issues NNS I-NP
+Mitsubishi NNP B-NP
+Estate NNP I-NP
+, , O
+which WDT B-NP
+closed VBD B-VP
+at IN B-PP
+2,500 CD B-NP
+, , O
+up IN B-ADVP
+130 CD B-NP
+, , O
+and CC O
+Mitsui NNP B-NP
+Real NNP I-NP
+Estate NNP I-NP
+Development NNP I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+100 CD B-NP
+to TO B-PP
+2,890 CD B-NP
+. . O
+
+Steel NN B-NP
+shares NNS I-NP
+fell VBD B-VP
+back RB B-ADVP
+after IN B-PP
+advancing VBG B-VP
+for IN B-PP
+three CD B-NP
+days NNS I-NP
+. . O
+
+Kawasaki NNP B-NP
+Steel NNP I-NP
+was VBD B-VP
+down RB B-ADVP
+11 CD B-NP
+at IN B-PP
+788 CD B-NP
+, , O
+Kobe NNP B-NP
+Steel NNP I-NP
+lost VBD B-VP
+5 NN B-NP
+to TO B-PP
+723 CD B-NP
+, , O
+and CC O
+Nippon NNP B-NP
+Steel NNP I-NP
+slipped VBD B-VP
+6 CD B-NP
+to TO B-PP
+729 CD B-NP
+. . O
+
+Mitsubishi NNP B-NP
+Rayon NNP I-NP
+, , O
+a DT B-NP
+leading VBG I-NP
+advancer NN I-NP
+Wednesday NNP B-NP
+, , O
+fell VBD B-VP
+44 CD B-NP
+to TO B-PP
+861 CD B-NP
+as IN B-SBAR
+investors NNS B-NP
+grabbed VBD B-VP
+profits NNS B-NP
+. . O
+
+London NNP B-NP
+'s POS B-NP
+Financial NNP I-NP
+Times-Stock NNP I-NP
+Exchange NNP I-NP
+100-share JJ I-NP
+index NN I-NP
+finished VBD B-VP
+19.2 CD B-NP
+points NNS I-NP
+higher JJR B-ADJP
+at IN B-PP
+2189.3 CD B-NP
+. . O
+
+The DT B-NP
+Financial NNP I-NP
+Times NNP I-NP
+30-share JJ I-NP
+index NN I-NP
+ended VBD B-VP
+13.6 CD B-NP
+higher JJR B-ADVP
+at IN B-PP
+1772.1 CD B-NP
+. . O
+
+Volume NN B-NP
+continued VBD B-VP
+to TO I-VP
+ease VB I-VP
+from IN B-PP
+the DT B-NP
+active JJ I-NP
+dealings NNS I-NP
+at IN B-PP
+the DT B-NP
+start NN I-NP
+of IN B-PP
+the DT B-NP
+week NN I-NP
+. . O
+
+Turnover NN B-NP
+was VBD B-VP
+382.9 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+449.3 CD B-NP
+million CD I-NP
+Wednesday NNP B-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+the DT B-NP
+market NN I-NP
+was VBD B-VP
+underpinned VBN I-VP
+by IN B-PP
+a DT B-NP
+squeeze NN I-NP
+in IN B-PP
+FT-SE NNP B-NP
+100 CD I-NP
+stocks NNS I-NP
+, , O
+particularly RB B-PP
+among IN I-PP
+market-makers NNS B-NP
+seeking VBG B-VP
+shares NNS B-NP
+that WDT B-NP
+had VBD B-VP
+been VBN I-VP
+hit VBN I-VP
+hard JJ B-ADVP
+in IN B-PP
+recent JJ B-NP
+weeks NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+retailers NNS B-NP
+and CC O
+building-related JJ B-NP
+concerns NNS I-NP
+. . O
+
+But CC O
+despite IN B-PP
+the DT B-NP
+flurry NN I-NP
+of IN B-PP
+interest NN B-NP
+in IN B-PP
+those DT B-NP
+shares NNS I-NP
+, , O
+dealers NNS B-NP
+said VBD B-VP
+, , O
+the DT B-NP
+market NN I-NP
+remains VBZ B-VP
+nervous JJ B-ADJP
+about IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+'s POS B-NP
+volatility NN I-NP
+and CC O
+high JJ B-NP
+U.K. NNP I-NP
+interest NN I-NP
+rates NNS I-NP
+. . O
+
+U.K. JJ B-NP
+money NN I-NP
+supply NN I-NP
+figures NNS I-NP
+for IN B-PP
+September NNP B-NP
+, , O
+released VBN B-VP
+yesterday NN B-NP
+, , O
+showed VBD B-VP
+continued VBN B-NP
+growth NN I-NP
+in IN B-PP
+corporate JJ B-NP
+and CC I-NP
+personal JJ I-NP
+lending NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+keep VB I-VP
+pressure NN B-NP
+on IN B-PP
+the DT B-NP
+government NN I-NP
+to TO B-VP
+maintain VB I-VP
+tight JJ B-NP
+credit NN I-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+stocks NNS I-NP
+featured VBN B-VP
+in IN B-PP
+the DT B-NP
+market-makers NNS I-NP
+' POS B-NP
+squeeze NN I-NP
+was VBD B-VP
+Sears NNP B-NP
+, , O
+which WDT B-NP
+closed VBD B-VP
+at IN B-PP
+107 CD B-NP
+pence NN I-NP
+-LRB- ( O
+$ $ B-NP
+1.70 CD I-NP
+-RRB- ) O
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+3 CD B-NP
+. . O
+
+General NNP B-NP
+Universal NNP I-NP
+Stores NNPS I-NP
+, , O
+another DT B-NP
+top-tier JJ I-NP
+stock NN I-NP
+hit VBD B-VP
+recently RB B-ADVP
+by IN B-PP
+concerns NNS B-NP
+over IN B-PP
+retail JJ B-NP
+demand NN I-NP
+in IN B-PP
+the DT B-NP
+face NN I-NP
+of IN B-PP
+high JJ B-NP
+interest NN I-NP
+rates NNS I-NP
+, , O
+gained VBD B-VP
+20 CD B-NP
+to TO B-PP
+# # B-NP
+10.44 CD I-NP
+. . O
+
+Storehouse NNP B-NP
+gained VBD B-VP
+2 CD B-NP
+to TO B-PP
+
+Another DT B-NP
+active JJ I-NP
+FT-SE NNP I-NP
+100 CD I-NP
+stock NN I-NP
+was VBD B-VP
+clothing NN B-NP
+and CC I-NP
+furniture NN I-NP
+retailer NN I-NP
+Burton NNP I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+6 CD B-NP
+to TO B-PP
+196 CD B-NP
+. . O
+
+Insurers NNS B-NP
+recovered VBD B-VP
+ground NN B-NP
+again RB B-ADVP
+on IN B-PP
+market-maker NN B-NP
+demand NN I-NP
+and CC O
+speculative JJ B-NP
+buying NN I-NP
+linked VBN B-VP
+to TO B-PP
+talk VB B-NP
+of IN B-PP
+mergers NNS B-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+before IN B-PP
+the DT B-NP
+European NNP I-NP
+Community NNP I-NP
+'s POS B-NP
+planned VBN I-NP
+market NN I-NP
+unification NN I-NP
+in IN B-PP
+
+Royal NNP B-NP
+Insurance NNP I-NP
+was VBD B-VP
+the DT B-NP
+sector NN I-NP
+'s POS B-NP
+hottest JJS I-NP
+issue NN I-NP
+, , O
+ending VBG B-VP
+15 CD B-NP
+higher JJR B-ADJP
+at IN B-PP
+465 CD B-NP
+. . O
+
+Sun NNP B-NP
+Alliance NNP I-NP
+fell VBD B-VP
+1 CD B-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+289 CD B-NP
+, , O
+and CC O
+General NNP B-NP
+Accident NNP I-NP
+jumped VBD B-VP
+10 CD B-NP
+to TO B-PP
+# # B-NP
+10.13 CD I-NP
+. . O
+
+B.A.T NNP B-NP
+Industries NNPS I-NP
+surged VBD B-VP
+in IN B-PP
+afternoon NN B-NP
+dealings NNS I-NP
+after IN B-SBAR
+its PRP$ B-NP
+shareholders NNS I-NP
+approved VBD B-VP
+a DT B-NP
+plan NN I-NP
+to TO B-VP
+dispose VB I-VP
+of IN B-PP
+its PRP$ B-NP
+U.S. NNP I-NP
+and CC I-NP
+U.K. NNP I-NP
+retailing NN I-NP
+operations NNS I-NP
+to TO B-VP
+fend VB I-VP
+off IN B-PRT
+Hoylake NNP B-NP
+Investment NNP I-NP
+'s POS B-NP
+# # B-ADJP
+13.4 CD O
+billion CD O
+-LRB- ( O
+$ $ B-ADJP
+21.33 CD O
+billion CD O
+-RRB- ) O
+hostile JJ B-NP
+bid NN I-NP
+. . O
+
+With IN B-PP
+the DT B-NP
+company NN I-NP
+also RB B-ADVP
+exercising VBG B-VP
+a DT B-NP
+plan NN I-NP
+to TO B-VP
+buy VB I-VP
+back RB B-ADVP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+, , O
+B.A.T NNP B-NP
+closed VBD B-VP
+at IN B-PP
+783 CD B-NP
+, , O
+up IN B-ADVP
+27 CD B-NP
+. . O
+
+Turnover NN B-NP
+was VBD B-VP
+6.8 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+including VBG B-PP
+about IN B-NP
+four CD I-NP
+million CD I-NP
+shares NNS I-NP
+traded VBN B-VP
+in IN B-PP
+the DT B-NP
+afternoon NN I-NP
+after IN B-PP
+the DT B-NP
+shareholders NNS I-NP
+' POS B-NP
+meeting NN I-NP
+. . O
+
+B.A.T NNP B-NP
+said VBD B-VP
+it PRP B-NP
+purchased VBD B-VP
+2.5 CD B-NP
+million CD I-NP
+shares NNS I-NP
+at IN B-PP
+785 CD B-NP
+. . O
+
+In IN B-PP
+other JJ B-NP
+European JJ I-NP
+markets NNS I-NP
+, , O
+shares NNS B-NP
+closed VBD B-VP
+sharply RB B-ADJP
+higher JJR I-ADJP
+in IN B-PP
+Stockholm NNP B-NP
+, , I-NP
+Frankfurt NNP I-NP
+, , I-NP
+Zurich NNP I-NP
+and CC I-NP
+Paris NNP I-NP
+and CC O
+higher JJR B-ADJP
+in IN B-PP
+Milan NNP B-NP
+, , I-NP
+Amsterdam NNP I-NP
+and CC I-NP
+Brussels NNP I-NP
+. . O
+
+South JJ B-NP
+African JJ I-NP
+gold NN I-NP
+stocks NNS I-NP
+closed VBD B-VP
+firmer JJR B-ADJP
+. . O
+
+Prices NNS B-NP
+also RB B-ADVP
+closed VBD B-VP
+higher JJR B-ADJP
+in IN B-PP
+Singapore NNP B-NP
+, , O
+Sydney NNP B-NP
+, , O
+Taipei NNP B-NP
+, , O
+Wellington NNP B-NP
+, , O
+Hong NNP B-NP
+Kong NNP I-NP
+and CC O
+Manila NNP B-NP
+but CC O
+were VBD B-VP
+lower JJR B-ADJP
+in IN B-PP
+Seoul NNP B-NP
+. . O
+
+Here RB B-ADVP
+are VBP B-VP
+price NN B-NP
+trends NNS I-NP
+on IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+major JJ I-NP
+stock NN I-NP
+markets NNS I-NP
+, , O
+as IN B-SBAR
+calculated VBN B-VP
+by IN B-PP
+Morgan NNP B-NP
+Stanley NNP I-NP
+Capital NNP I-NP
+International NNP I-NP
+Perspective NNP I-NP
+, , O
+Geneva NNP B-NP
+. . O
+
+To TO B-VP
+make VB I-VP
+them PRP B-NP
+directly RB B-ADJP
+comparable JJ I-ADJP
+, , O
+each DT B-NP
+index NN I-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+1969 CD B-NP
+equaling VBG B-VP
+100 CD B-NP
+. . O
+
+The DT B-NP
+percentage NN I-NP
+change NN I-NP
+is VBZ B-VP
+since IN B-PP
+year-end NN B-NP
+. . O
+
+The DT B-NP
+federal JJ I-NP
+response NN I-NP
+to TO B-PP
+California NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+crisis NN I-NP
+was VBD B-VP
+marred VBN I-VP
+by IN B-PP
+coast-to-coast JJ B-NP
+name-calling NN I-NP
+between IN B-PP
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+and CC O
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+Mayor NNP I-NP
+Art NNP I-NP
+Agnos NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Agnos NNP I-NP
+complained VBD B-VP
+that IN B-SBAR
+he PRP B-NP
+was VBD B-VP
+`` `` I-VP
+ticked VBD I-VP
+off IN B-PRT
+'' '' O
+that IN B-SBAR
+Vice NNP B-NP
+President NNP I-NP
+Dan NNP I-NP
+Quayle NNP I-NP
+, , O
+who WP B-NP
+toured VBD B-VP
+the DT B-NP
+earthquake NN I-NP
+site NN I-NP
+Wednesday NNP B-NP
+, , O
+did VBD B-VP
+n't RB I-VP
+schedule VB I-VP
+a DT B-NP
+private JJ I-NP
+meeting NN I-NP
+with IN B-PP
+him PRP B-NP
+. . O
+
+The DT B-NP
+mayor NN I-NP
+said VBD B-VP
+the DT B-NP
+Quayle NNP I-NP
+visit NN I-NP
+was VBD B-VP
+`` `` O
+a DT B-NP
+publicity NN I-NP
+stunt NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+White NNP I-NP
+House NNP I-NP
+said VBD B-VP
+Mr. NNP B-NP
+Quayle NNP I-NP
+'s POS B-NP
+staff NN I-NP
+had VBD B-VP
+invited VBN I-VP
+the DT B-NP
+mayor NN I-NP
+to TO B-PP
+two CD B-NP
+meetings NNS I-NP
+of IN B-PP
+the DT B-NP
+vice NN I-NP
+president NN I-NP
+and CC O
+groups NNS B-NP
+of IN B-PP
+local JJ B-NP
+officials NNS I-NP
+and CC O
+had VBD B-VP
+offered VBN I-VP
+to TO I-VP
+dispatch VB I-VP
+a DT B-NP
+helicopter NN I-NP
+to TO B-VP
+pick VB I-VP
+him PRP B-NP
+up RB B-PRT
+. . O
+
+Mr. NNP B-NP
+Agnos NNP I-NP
+declined VBD B-VP
+the DT B-NP
+invitations NNS I-NP
+, , O
+the DT B-NP
+White NNP I-NP
+House NNP I-NP
+said VBD B-VP
+. . O
+
+Marlin NNP B-NP
+Fitzwater NNP I-NP
+, , O
+White NNP B-NP
+House NNP I-NP
+press NN I-NP
+secretary NN I-NP
+, , O
+also RB B-ADVP
+asserted VBD B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Agnos NNP I-NP
+had VBD B-VP
+failed VBN I-VP
+to TO I-VP
+return VB I-VP
+telephone NN B-NP
+calls VBZ I-NP
+from IN B-PP
+John NNP B-NP
+Sununu NNP I-NP
+, , O
+White NNP B-NP
+House NNP I-NP
+chief NN I-NP
+of IN B-PP
+staff NN B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+regret VBP B-VP
+very RB B-ADVP
+much RB I-ADVP
+that IN B-SBAR
+the DT B-NP
+mayor NN I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+has VBZ B-VP
+decided VBN I-VP
+not RB O
+to TO B-VP
+cooperate VB I-VP
+with IN B-PP
+us PRP B-NP
+on IN B-PP
+this DT B-NP
+matter NN I-NP
+in IN B-PP
+making VBG B-VP
+sure JJ B-ADJP
+that IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+adequate JJ B-NP
+federal JJ I-NP
+support NN I-NP
+for IN B-PP
+the DT B-NP
+disaster NN I-NP
+in IN B-PP
+his PRP$ B-NP
+city NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Fitzwater NNP I-NP
+said VBD B-VP
+. . O
+
+By IN B-PP
+late JJ B-NP
+yesterday NN I-NP
+, , O
+both DT B-NP
+sides NNS I-NP
+appeared VBD B-VP
+prepared VBN I-VP
+to TO I-VP
+bury VB I-VP
+the DT B-NP
+hatchet NN I-NP
+. . O
+
+The DT B-NP
+White NNP I-NP
+House NNP I-NP
+announced VBD B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Agnos NNP I-NP
+, , O
+along IN B-PP
+with IN B-PP
+the DT B-NP
+mayors NNS I-NP
+of IN B-PP
+Oakland NNP B-NP
+and CC I-NP
+Alameda NNP I-NP
+, , O
+are VBP B-VP
+to TO I-VP
+accompany VB I-VP
+President NNP B-NP
+Bush NNP I-NP
+on IN B-PP
+a DT B-NP
+tour NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+area NN I-NP
+today NN B-NP
+. . O
+
+And CC O
+one CD B-NP
+White NNP I-NP
+House NNP I-NP
+official NN I-NP
+reported VBD B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Agnos NNP I-NP
+had VBD B-VP
+been VBN I-VP
+`` `` O
+very RB B-ADJP
+helpful JJ I-ADJP
+'' '' O
+in IN B-PP
+making VBG B-VP
+arrangements NNS B-NP
+for IN B-PP
+Mr. NNP B-NP
+Bush NNP I-NP
+'s POS B-NP
+hastily RB B-ADJP
+scheduled VBN I-ADJP
+trip NN B-NP
+to TO B-PP
+California NNP B-NP
+. . O
+
+Gold NNP B-NP
+and CC I-NP
+silver NN I-NP
+broker NN I-NP
+Preston NNP I-NP
+Semel NNP I-NP
+asked VBD B-VP
+a DT B-NP
+federal JJ I-NP
+court NN I-NP
+to TO B-VP
+halt VB I-VP
+the DT B-NP
+Commodity NNP I-NP
+Exchange NNP I-NP
+from IN B-PP
+imposing VBG B-VP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+550,000 CD I-NP
+fine JJ I-NP
+on IN B-PP
+his PRP$ B-NP
+firm NN I-NP
+. . O
+
+The DT B-NP
+suit NN I-NP
+, , O
+filed VBN B-VP
+in IN B-PP
+federal JJ B-NP
+court NN I-NP
+in IN B-PP
+Manhattan NNP B-NP
+, , O
+also RB B-ADVP
+asks VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+Comex NNP I-NP
+'s POS B-NP
+nine-month JJ I-NP
+suspension NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Semel NNP I-NP
+be VB B-VP
+lifted VBN I-VP
+, , O
+pending VBG B-PP
+the DT B-NP
+broker NN I-NP
+'s POS B-NP
+appeal NN I-NP
+of IN B-PP
+the DT B-NP
+disciplinary JJ I-NP
+measures NNS I-NP
+. . O
+
+The DT B-NP
+fine NN I-NP
+and CC I-NP
+suspension NN I-NP
+, , O
+announced VBD B-VP
+in IN B-PP
+August NNP B-NP
+, , O
+are VBP B-VP
+the DT B-NP
+stiffest JJS I-NP
+sanctions VBZ I-NP
+the DT B-NP
+Comex NNP I-NP
+has VBZ B-VP
+ever RB I-VP
+ordered VBN I-VP
+against IN B-PP
+one CD B-NP
+of IN B-PP
+its PRP$ B-NP
+members NNS I-NP
+. . O
+
+The DT B-NP
+Comex NNP I-NP
+accused VBD B-VP
+the DT B-NP
+39-year-old NNP I-NP
+Mr. NNP I-NP
+Semel NNP I-NP
+of IN B-PP
+`` `` O
+fraudulent JJ B-NP
+conduct NN I-NP
+'' '' O
+and CC O
+improper JJ B-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+disciplinary JJ I-NP
+proceedings NNS I-NP
+stem VBP B-VP
+from IN B-PP
+trading NN B-NP
+in IN B-PP
+April NNP B-NP
+1987 CD I-NP
+. . O
+
+Mr. NNP B-NP
+Semel NNP I-NP
+and CC O
+his PRP$ B-NP
+firm NN I-NP
+, , O
+Semel NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+have VBP B-VP
+appealed VBN I-VP
+the DT B-NP
+Comex NNP I-NP
+decision NN I-NP
+and CC O
+the DT B-NP
+sanctions NNS I-NP
+to TO B-PP
+the DT B-NP
+Commodity NNP I-NP
+Futures NNS I-NP
+Trading NNP I-NP
+Commission NNP I-NP
+. . O
+
+The DT B-NP
+commission NN I-NP
+denied VBN B-VP
+Mr. NNP B-NP
+Semel NNP I-NP
+'s POS B-NP
+request NN I-NP
+that IN B-SBAR
+the DT B-NP
+fine NN I-NP
+and CC I-NP
+suspension NN I-NP
+be VB B-VP
+delayed VBN I-VP
+pending VBG B-PP
+the DT B-NP
+appeal NN I-NP
+. . O
+
+The DT B-NP
+lawsuit NN I-NP
+states NNS B-VP
+that IN B-SBAR
+unless IN B-SBAR
+the DT B-NP
+sanctions NNS I-NP
+are VBP B-VP
+halted VBN I-VP
+pending VBG B-PP
+an DT B-NP
+appeal NN I-NP
+, , O
+the DT B-NP
+broker NN I-NP
+and CC O
+his PRP$ B-NP
+firm NN I-NP
+`` `` O
+will MD B-VP
+be VB I-VP
+irreparably RB I-VP
+injured VBN I-VP
+and CC O
+their PRP$ B-NP
+business NN I-NP
+will MD B-VP
+be VB I-VP
+totally RB I-VP
+and CC I-VP
+permanently RB I-VP
+destroyed VBN I-VP
+. . O
+'' '' O
+
+Already RB B-ADVP
+the DT B-NP
+firm NN I-NP
+has VBZ B-VP
+paid VBN I-VP
+$ $ B-NP
+211,666 CD I-NP
+of IN B-PP
+the DT B-NP
+fine NN I-NP
+, , O
+the DT B-NP
+suit NN I-NP
+said VBD B-VP
+, , O
+and CC O
+it PRP B-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+liquidate VB I-VP
+additional JJ B-NP
+assets NNS I-NP
+in IN B-SBAR
+order NN O
+to TO B-VP
+pay VB I-VP
+the DT B-NP
+rest NN I-NP
+. . O
+
+A DT B-NP
+spokesman NN I-NP
+for IN B-PP
+the DT B-NP
+Comex NNP I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+to TO B-VP
+comment VB I-VP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+National NNP I-NP
+Mortgage NNP I-NP
+Association NNP I-NP
+said VBD B-VP
+39 CD B-NP
+lenders NNS I-NP
+across IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+have VBP B-VP
+agreed VBN I-VP
+to TO I-VP
+offer VB I-VP
+home NN B-NP
+loans NNS I-NP
+under IN B-PP
+Fannie NNP B-NP
+Mae NNP I-NP
+'s POS B-NP
+pilot NN I-NP
+program NN I-NP
+for IN B-PP
+elderly JJ B-NP
+people NNS I-NP
+. . O
+
+Fannie NNP B-NP
+Mae NNP I-NP
+, , O
+a DT B-NP
+federally RB I-NP
+chartered JJ I-NP
+and CC I-NP
+shareholder-owned JJ I-NP
+company NN I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+lenders NNS I-NP
+include VBP B-VP
+Prudential NNP B-NP
+Home NNP I-NP
+Mortgage NNP I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Prudential NNP B-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+of IN B-PP
+America NNP B-NP
+that WDT B-NP
+operates VBZ B-VP
+in IN B-PP
+every DT B-NP
+state NN I-NP
+. . O
+
+Prudential NNP B-NP
+Insurance NNP I-NP
+is VBZ B-VP
+based VBN I-VP
+in IN B-PP
+Newark NNP B-NP
+, , O
+N.J NNP B-NP
+. . O
+
+Fannie NNP B-NP
+Mae NNP I-NP
+has VBZ B-VP
+agreed VBN I-VP
+to TO I-VP
+buy VB I-VP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+of IN B-PP
+loans NNS B-NP
+under IN B-PP
+its PRP$ B-NP
+Seniors NNS I-NP
+' POS B-NP
+Housing NNP I-NP
+Opportunities NNS I-NP
+pilot NN I-NP
+program NN I-NP
+, , O
+which WDT B-NP
+offers VBZ B-VP
+four CD B-NP
+types NNS I-NP
+of IN B-PP
+loans NNS B-NP
+to TO B-PP
+people NNS B-NP
+62 CD B-NP
+years NNS I-NP
+of IN B-PP
+age NN B-NP
+or CC O
+older JJR B-ADJP
+to TO B-VP
+help VB I-VP
+them PRP B-NP
+maintain VB B-VP
+their PRP$ B-NP
+home NN I-NP
+or CC O
+obtain VB B-VP
+housing NN B-NP
+. . O
+
+The DT B-NP
+loans NNS I-NP
+can MD B-VP
+be VB I-VP
+for IN B-PP
+accessory NN B-NP
+apartments NNS I-NP
+, , O
+for IN B-PP
+cottages NNS B-NP
+built VBN B-VP
+in IN B-PP
+a DT B-NP
+relative NN I-NP
+'s POS B-NP
+yard NN I-NP
+, , O
+for IN B-PP
+home-sharing NN B-NP
+or CC B-PP
+for IN B-PP
+sale-lease-back JJ B-NP
+transactions NNS I-NP
+. . O
+
+Fannie NNP B-NP
+Mae NNP I-NP
+makes VBZ B-VP
+a DT B-NP
+secondary JJ I-NP
+market NN I-NP
+in IN B-PP
+home NN B-NP
+loans NNS I-NP
+. . O
+
+It PRP B-NP
+buys VBZ B-VP
+loans NNS B-NP
+from IN B-PP
+lenders NNS B-NP
+, , O
+packages VBZ B-VP
+some DT B-NP
+into IN B-PP
+securities NNS B-NP
+for IN B-PP
+sale NN B-NP
+to TO B-PP
+investors NNS B-NP
+and CC O
+holds VBZ B-VP
+the DT B-NP
+remainder NN I-NP
+in IN B-PP
+a DT B-NP
+portfolio NN I-NP
+. . O
+
+Robert NNP B-NP
+M. NNP I-NP
+Gintel NNP I-NP
+, , O
+senior JJ B-NP
+partner NN I-NP
+of IN B-PP
+a DT B-NP
+Greenwich NNP I-NP
+, , I-NP
+Conn. NNP I-NP
+, , I-NP
+investment NN I-NP
+firm NN I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+launch VB I-VP
+a DT B-NP
+proxy NN I-NP
+fight NN I-NP
+against IN B-PP
+the DT B-NP
+board NN I-NP
+of IN B-PP
+Boston-based JJ B-NP
+Xtra NNP I-NP
+Corp NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Gintel NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+Gintel NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+conduct VB I-VP
+a DT B-NP
+proxy NN I-NP
+contest NN I-NP
+to TO B-VP
+elect VB I-VP
+a DT B-NP
+majority NN I-NP
+of IN B-PP
+Xtra NNP B-NP
+'s POS B-NP
+board NN I-NP
+at IN B-PP
+the DT B-NP
+next JJ I-NP
+annual JJ I-NP
+stockholders NNS I-NP
+meeting NN I-NP
+. . O
+
+Xtra NNP B-NP
+, , O
+a DT B-NP
+transportation NN I-NP
+leasing NN I-NP
+company NN I-NP
+, , O
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+statement NN I-NP
+it PRP B-NP
+would MD B-VP
+have VB I-VP
+no DT B-NP
+comment NN I-NP
+on IN B-PP
+Mr. NNP B-NP
+Gintel NNP I-NP
+'s POS B-NP
+plans NNS I-NP
+until IN B-SBAR
+`` `` O
+further JJ B-NP
+information NN I-NP
+has VBZ B-VP
+been VBN I-VP
+disclosed VBN I-VP
+by IN B-PP
+him PRP B-NP
+. . O
+'' '' O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+said VBD B-VP
+its PRP$ B-NP
+1990 CD I-NP
+annual JJ I-NP
+meeting NN I-NP
+has VBZ B-VP
+not RB I-VP
+been VBN I-VP
+scheduled VBN I-VP
+. . O
+
+Mr. NNP B-NP
+Gintel NNP I-NP
+owns VBZ B-VP
+300,000 CD B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+6.3 CD I-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+Xtra NNP B-NP
+said VBD B-VP
+it PRP B-NP
+recently RB B-ADVP
+bought VBD B-VP
+back RB B-ADVP
+approximately RB B-NP
+55,000 CD I-NP
+of IN B-PP
+its PRP$ B-NP
+shares NNS I-NP
+pursuant JJ B-ADVP
+to TO B-PP
+its PRP$ B-NP
+existing VBG I-NP
+authorization NN I-NP
+to TO B-VP
+acquire VB I-VP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+650,000 CD I-NP
+shares NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Gintel NNP I-NP
+has VBZ B-VP
+filed VBN I-VP
+suit NN B-NP
+in IN B-PP
+Delaware NNP B-NP
+Chancery NNP I-NP
+Court NNP I-NP
+, , O
+seeking VBG B-VP
+to TO I-VP
+block VB I-VP
+Xtra NNP B-NP
+'s POS B-NP
+anti-takeover JJ I-NP
+tactic NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+filing NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , O
+Mr. NNP B-NP
+Gintel NNP I-NP
+said VBD B-VP
+Xtra NNP B-NP
+`` `` O
+has VBZ B-VP
+pursued VBN I-VP
+business NN B-NP
+strategies NNS I-NP
+that WDT B-NP
+are VBP B-VP
+n't RB O
+in IN B-PP
+the DT B-NP
+best JJS I-NP
+interest NN I-NP
+of IN B-PP
+stockholders NNS B-NP
+. . O
+
+STOCKS NNS B-NP
+AND CC I-NP
+BONDS NNS I-NP
+SURGED VBD B-VP
+on IN B-PP
+the DT B-NP
+second JJ I-NP
+anniversary NN I-NP
+of IN B-PP
+Black NNP B-NP
+Monday NNP I-NP
+as IN B-SBAR
+a DT B-NP
+favorable JJ I-NP
+inflation NN I-NP
+report NN I-NP
+prompted VBD B-VP
+speculation NN B-NP
+of IN B-PP
+lower JJR B-NP
+interest NN I-NP
+rates NNS I-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+industrials NNS I-NP
+closed VBD B-VP
+up IN B-ADVP
+39.55 CD B-NP
+, , O
+at IN B-PP
+2683.20 CD B-NP
+, , O
+after IN B-PP
+rising VBG B-VP
+over IN B-NP
+60 CD I-NP
+points NNS I-NP
+in IN B-PP
+mid-afternoon NN B-NP
+. . O
+
+The DT B-NP
+rally NN I-NP
+brought VBD B-VP
+the DT B-NP
+gain NN I-NP
+so RB B-ADVP
+far RB I-ADVP
+this DT B-NP
+week NN I-NP
+to TO B-PP
+about IN B-NP
+114 CD I-NP
+points NNS I-NP
+. . O
+
+The DT B-NP
+dollar NN I-NP
+finished VBD B-VP
+mixed VBN B-ADJP
+, , O
+while IN B-SBAR
+gold NN B-NP
+declined VBD B-VP
+. . O
+
+Consumer NN B-NP
+prices NNS I-NP
+climbed VBD B-VP
+a DT B-NP
+moderate JJ I-NP
+0.2 CD I-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+, , O
+mostly RB B-PP
+due JJ I-PP
+to TO B-PP
+higher JJR B-NP
+clothing NN I-NP
+costs NNS I-NP
+. . O
+
+Energy NN B-NP
+prices NNS I-NP
+continued VBD B-VP
+to TO I-VP
+fall VB I-VP
+at IN B-PP
+the DT B-NP
+retail JJ I-NP
+level NN I-NP
+, , O
+but CC O
+economists NNS B-NP
+worried VBN B-VP
+about IN B-PP
+a DT B-NP
+big JJ I-NP
+rise NN I-NP
+in IN B-PP
+wholesale JJ B-NP
+energy NN I-NP
+costs NNS I-NP
+. . O
+
+British JJ B-NP
+Airways NNPS I-NP
+dropped VBD B-VP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+current JJ I-NP
+bidding NN I-NP
+for IN B-PP
+United NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+parent NN I-NP
+, , O
+leaving VBG B-VP
+a DT B-NP
+UAL NNP I-NP
+management-pilots JJ I-NP
+group NN I-NP
+without IN B-PP
+a DT B-NP
+key JJ I-NP
+partner NN I-NP
+. . O
+
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+move NN I-NP
+raised VBD B-VP
+new JJ B-NP
+questions NNS I-NP
+about IN B-PP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+'s POS B-NP
+efforts NNS I-NP
+to TO B-VP
+revive VB I-VP
+a DT B-NP
+stalled VBN I-NP
+bid NN I-NP
+for IN B-PP
+UAL NNP B-NP
+. . O
+
+A DT B-NP
+capital-gains NNS I-NP
+tax-cut JJ I-NP
+plan NN I-NP
+was VBD B-VP
+dropped VBN I-VP
+by IN B-PP
+Senate NNP B-NP
+Democrats NNPS I-NP
+under IN B-PP
+pressure NN B-NP
+from IN B-PP
+their PRP$ B-NP
+leadership NN I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+is VBZ B-VP
+a DT B-NP
+setback NN I-NP
+for IN B-PP
+Bush NNP B-NP
+, , O
+who WP B-NP
+needs VBZ B-VP
+Democratic JJ B-NP
+support NN I-NP
+to TO B-VP
+pass VB I-VP
+a DT B-NP
+capital-gains NNS I-NP
+cut VBP I-NP
+in IN B-PP
+the DT B-NP
+Senate NNP I-NP
+. . O
+
+Other JJ B-NP
+tax NN I-NP
+breaks NNS I-NP
+also RB B-ADVP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+restored VBN I-VP
+or CC I-VP
+created VBN I-VP
+in IN B-PP
+the DT B-NP
+coming VBG I-NP
+months NNS I-NP
+as IN B-SBAR
+special JJ B-NP
+interest NN I-NP
+groups NNS I-NP
+try VBP B-VP
+to TO I-VP
+undo VB I-VP
+the DT B-NP
+1986 CD I-NP
+tax NN I-NP
+overhaul NN I-NP
+. . O
+
+Many JJ B-NP
+retailers NNS I-NP
+are VBP B-VP
+worried VBN I-VP
+that IN B-SBAR
+a DT B-NP
+price NN I-NP
+war NN I-NP
+could MD B-VP
+erupt VB I-VP
+this DT B-NP
+Christmas NNP I-NP
+if IN B-SBAR
+cash-strapped JJ B-NP
+firms NNS I-NP
+such JJ B-PP
+as IN I-PP
+Campeau NNP B-NP
+slash NN B-VP
+prices NNS B-NP
+to TO B-VP
+spur VB I-VP
+sales NNS B-NP
+. . O
+
+AT&T NNP B-NP
+unveiled VBD B-VP
+a DT B-NP
+sweetened VBN I-NP
+early JJ I-NP
+retirement NN I-NP
+plan NN I-NP
+for IN B-PP
+management NN B-NP
+that IN B-NP
+the DT B-NP
+company NN I-NP
+hopes VBZ B-VP
+will MD B-VP
+save VB I-VP
+it PRP B-NP
+$ $ B-NP
+450 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+year NN I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+profit NN B-NP
+rose VBD B-VP
+19 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+Chrysler NNP B-NP
+will MD B-VP
+idle VB I-VP
+a DT B-NP
+Toledo NNP I-NP
+assembly NN I-NP
+plant NN I-NP
+temporarily RB B-ADVP
+due JJ B-PP
+to TO B-PP
+slowing VBG B-NP
+sales NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+profitable JJ I-NP
+Jeep NNP I-NP
+Cherokee NNP I-NP
+and CC I-NP
+Wagoneer NNP I-NP
+sport NN I-NP
+utility NN I-NP
+vehicles NNS I-NP
+. . O
+
+Digital NNP B-NP
+Equipment NNP I-NP
+'s POS B-NP
+profit NN I-NP
+fell VBD B-VP
+32 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+, , O
+prompting VBG B-VP
+forecasts NNS B-NP
+of IN B-PP
+weaker JJR B-NP
+results NNS I-NP
+ahead RB B-ADVP
+. . O
+
+Analysts NNS B-NP
+were VBD B-VP
+troubled JJ I-VP
+by IN B-PP
+signs NNS B-NP
+of IN B-PP
+flat JJ B-NP
+U.S. NNP I-NP
+orders NNS I-NP
+at IN B-PP
+the DT B-NP
+computer NN I-NP
+maker NN I-NP
+. . O
+
+IBM NN B-NP
+plans NNS B-VP
+to TO I-VP
+unveil VB I-VP
+over IN B-NP
+50 CD I-NP
+software NN I-NP
+products NNS I-NP
+on IN B-PP
+Tuesday NNP B-NP
+to TO B-VP
+try VB I-VP
+to TO I-VP
+end VB I-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+problems NNS I-NP
+in IN B-PP
+computerizing VBG B-VP
+manufacturing NN B-NP
+operations NNS I-NP
+. . O
+
+The DT B-NP
+TV NN I-NP
+units NNS I-NP
+of IN B-PP
+Paramount NNP B-NP
+and CC I-NP
+MCA NNP I-NP
+are VBP B-VP
+exploring VBG I-VP
+offering NN I-VP
+prime-time JJ B-NP
+programming NN I-NP
+to TO B-PP
+independent JJ B-NP
+stations NNS I-NP
+two CD B-NP
+nights NNS I-NP
+a DT B-NP
+week NN I-NP
+. . O
+
+BankAmerica NNP B-NP
+'s POS B-NP
+profit NN I-NP
+jumped VBD B-VP
+34 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+rapid JJ I-NP
+recovery NN I-NP
+continued VBD B-VP
+to TO I-VP
+be VB I-VP
+fueled VBN I-VP
+by IN B-PP
+growth NN B-NP
+in IN B-PP
+consumer NN B-NP
+loans NNS I-NP
+, , O
+higher JJR B-NP
+interest NN I-NP
+margins NNS I-NP
+and CC O
+only RB B-NP
+minor JJ I-NP
+loan NN I-NP
+losses NNS I-NP
+. . O
+
+Big NNP B-NP
+Board NNP I-NP
+short JJ I-NP
+interest NN I-NP
+fell VBD B-VP
+4.2 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+month NN I-NP
+ended VBN B-VP
+Oct. NNP B-NP
+13 CD I-NP
+, , O
+the DT B-NP
+second JJ I-NP
+decline NN I-NP
+in IN B-PP
+a DT B-NP
+row NN I-NP
+. . O
+
+Borrowed VBN B-NP
+shares NNS I-NP
+on IN B-PP
+the DT B-NP
+Amex NNP I-NP
+rose VBD B-VP
+to TO B-PP
+another DT B-NP
+record NN I-NP
+. . O
+
+Bell NNP B-NP
+Atlantic NNP I-NP
+posted VBD B-VP
+a DT B-NP
+strong JJ I-NP
+earnings NNS I-NP
+gain NN I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+as IN B-SBAR
+did VBD O
+Southern NNP B-NP
+New NNP I-NP
+England NNP I-NP
+Telecommunications NNPS I-NP
+. . O
+
+But CC O
+Nynex NNP B-NP
+, , O
+Pacific NNP B-NP
+Telesis NNP I-NP
+and CC O
+U NNP B-NP
+S NNP I-NP
+West NNP I-NP
+had VBD B-VP
+lower JJR B-NP
+profits NNS I-NP
+. . O
+
+B.A.T NNP B-NP
+Industries NNPS I-NP
+won VBD B-VP
+shareholder NN B-NP
+approval NN I-NP
+for IN B-PP
+a DT B-NP
+defensive JJ I-NP
+restructuring NN I-NP
+to TO B-VP
+fend VB I-VP
+off IN B-PRT
+Sir NNP B-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+. . O
+
+American NNP B-NP
+Express NNP I-NP
+'s POS B-NP
+profit NN I-NP
+climbed VBD B-VP
+21 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+aided VBN B-VP
+by IN B-PP
+a DT B-NP
+surge NN I-NP
+in IN B-PP
+its PRP$ B-NP
+travel NN I-NP
+business NN I-NP
+and CC O
+despite IN B-PP
+a DT B-NP
+big JJ I-NP
+rise NN I-NP
+in IN B-PP
+Third NNP B-NP
+World NNP I-NP
+loan NN I-NP
+reserves NNS I-NP
+. . O
+
+Markets NNS B-NP
+-- : O
+
+Stocks NNS B-NP
+: : O
+Volume NN B-NP
+198,120,000 CD B-NP
+shares NNS I-NP
+. . O
+
+Dow NNP B-NP
+Jones NNP I-NP
+industrials NNS I-NP
+2683.20 CD B-NP
+, , O
+up IN B-ADVP
+39.55 CD B-NP
+; : O
+transportation NN B-NP
+1263.51 CD B-NP
+, , O
+up IN B-ADVP
+15.64 CD B-NP
+; : O
+utilities NNS B-NP
+215.42 CD B-NP
+, , O
+up IN B-ADVP
+1.45 CD B-NP
+. . O
+
+Bonds NNS B-NP
+: : O
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Treasury NNP I-NP
+index NN I-NP
+3398.65 CD B-NP
+, , O
+up IN B-ADVP
+
+Commodities NNS B-NP
+: : O
+Dow NNP B-NP
+Jones NNP I-NP
+futures NNS I-NP
+index NN I-NP
+130.13 CD B-NP
+, , O
+up IN B-ADVP
+0.23 CD B-NP
+; : O
+spot NN B-NP
+index NN I-NP
+130.46 CD B-NP
+, , O
+up IN B-ADVP
+0.10 CD B-NP
+. . O
+
+Dollar NN B-NP
+: : O
+141.70 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+0.25 CD B-NP
+; : O
+1.8470 CD B-NP
+marks NNS I-NP
+, , O
+off IN B-ADVP
+0.0015 CD B-NP
+. . O
+
+Computer NNP B-NP
+Sciences NNP I-NP
+Corp. NNP I-NP
+, , O
+El NNP B-NP
+Segundo NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+said VBD B-VP
+the DT B-NP
+National NNP I-NP
+Aeronautics NNP I-NP
+and CC I-NP
+Space NNP I-NP
+Administration NNP I-NP
+will MD B-VP
+negotiate VB I-VP
+details NNS B-NP
+of IN B-PP
+a DT B-NP
+contract NN I-NP
+valued VBN B-VP
+at IN B-PP
+about RB B-NP
+$ $ I-NP
+170 CD I-NP
+million CD I-NP
+to TO B-VP
+provide VB I-VP
+software NN B-NP
+for IN B-PP
+the DT B-NP
+Ames NNP I-NP
+Research NNP I-NP
+Center NNP I-NP
+. . O
+
+Included VBN B-VP
+in IN B-PP
+the DT B-NP
+three-year JJ I-NP
+contract NN I-NP
+are VBP B-VP
+options NNS B-NP
+for IN B-PP
+two CD B-NP
+one-year JJ I-NP
+renewals NNS I-NP
+. . O
+
+NASA NNP B-NP
+awarded VBD B-VP
+the DT B-NP
+contract NN I-NP
+to TO B-PP
+CSC NNP B-NP
+in IN B-PP
+November NNP B-NP
+but CC O
+an DT B-NP
+appeal NN I-NP
+by IN B-PP
+Sterling NNP B-NP
+Software NNP I-NP
+Inc. NNP I-NP
+of IN B-PP
+Dallas NNP B-NP
+sent VBD B-VP
+the DT B-NP
+contract NN I-NP
+to TO B-PP
+the DT B-NP
+General NNP I-NP
+Services NNP I-NP
+Administration NNP I-NP
+Board NNP I-NP
+of IN B-PP
+Contract NNP B-NP
+Appeals NNPS I-NP
+and CC O
+the DT B-NP
+board NN I-NP
+required VBN B-VP
+NASA NNP B-NP
+to TO B-VP
+re-evaluate VB I-VP
+bidders NNS B-NP
+' POS B-NP
+proposals NNS I-NP
+. . O
+
+Sterling NNP B-NP
+had VBD B-VP
+completed VBN I-VP
+a DT B-NP
+five-year JJ I-NP
+contract NN I-NP
+for IN B-PP
+NASA NNP B-NP
+but CC O
+lost VBD B-VP
+its PRP$ B-NP
+bid NN I-NP
+for IN B-PP
+renewal NN B-NP
+. . O
+
+As IN B-SBAR
+directed VBN B-VP
+by IN B-PP
+the DT B-NP
+board NN I-NP
+, , O
+NASA NNP B-NP
+completed VBD B-VP
+the DT B-NP
+evaluation NN I-NP
+and CC O
+again RB B-VP
+chose VBD I-VP
+CSC NNP B-NP
+. . O
+
+For IN B-PP
+its PRP$ B-NP
+fiscal JJ I-NP
+year NN I-NP
+ended VBN B-VP
+March NNP B-NP
+31 CD I-NP
+, , O
+CSC NNP B-NP
+had VBD B-VP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+1.3 CD I-NP
+billion CD I-NP
+. . O
+
+AFTERSHOCKS NNS B-NP
+RATTLED VBD B-VP
+Northern NNP B-NP
+California NNP I-NP
+amid IN B-PP
+an DT B-NP
+earthquake NN I-NP
+cleanup NN I-NP
+. . O
+
+As IN B-SBAR
+power NN B-NP
+and CC I-NP
+commuters NNS I-NP
+returned VBD B-VP
+to TO B-PP
+much NN B-NP
+of IN B-PP
+downtown NN B-NP
+San NNP I-NP
+Francisco NNP I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+since IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+temblor NN I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+, , O
+three CD B-NP
+strong JJ I-NP
+aftershocks NNS I-NP
+, , O
+one CD B-NP
+measuring VBG B-VP
+5.0 CD B-NP
+on IN B-PP
+the DT B-NP
+Richter NNP I-NP
+scale NN I-NP
+, , O
+jolted VBD B-VP
+the DT B-NP
+region NN I-NP
+. . O
+
+Serious JJ B-NP
+injuries NNS I-NP
+or CC I-NP
+damages NNS I-NP
+were VBD B-VP
+n't RB I-VP
+reported VBN I-VP
+. . O
+
+Californians NNS B-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+tried VBD B-VP
+to TO I-VP
+cope VB I-VP
+with IN B-PP
+still-limited JJ B-NP
+services NNS I-NP
+, , O
+blocked VBN B-NP
+roadways NNS I-NP
+and CC O
+water NN B-NP
+shortages NNS I-NP
+in IN B-PP
+the DT B-NP
+aftermath NN I-NP
+of IN B-PP
+the DT B-NP
+tremor NN I-NP
+that WDT B-NP
+left VBD B-VP
+scores NNS B-NP
+dead JJ B-ADJP
+and CC I-ADJP
+injured VBN I-ADJP
+. . O
+
+Thousands NNS B-NP
+remained VBD B-VP
+homeless JJ B-ADJP
+. . O
+
+Bush NNP B-NP
+is VBZ B-VP
+to TO B-VP
+visit VB I-VP
+the DT B-NP
+area NN I-NP
+today NN B-NP
+, , O
+and CC O
+officials NNS B-NP
+in IN B-PP
+Washington NNP B-NP
+estimated VBD B-VP
+that DT B-SBAR
+emergency NN B-NP
+assistance NN I-NP
+would MD B-VP
+total VB I-VP
+at IN B-NP
+least JJS I-NP
+$ $ I-NP
+2.5 CD I-NP
+billion CD I-NP
+. . O
+
+A DT B-NP
+series NN I-NP
+of IN B-PP
+earthquakes NNS B-NP
+struck VBD B-VP
+northern JJ B-NP
+China NNP I-NP
+, , O
+killing VBG B-VP
+at IN B-NP
+least JJS I-NP
+29 CD I-NP
+people NNS I-NP
+, , O
+injuring VBG B-VP
+hundreds NNS B-NP
+and CC O
+razing VBG B-VP
+about IN B-NP
+8,000 CD I-NP
+homes NNS I-NP
+, , O
+the DT B-NP
+Xinhua NNP I-NP
+News NNP I-NP
+Agency NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+rejected VBD B-VP
+a DT B-NP
+constitutional JJ I-NP
+amendment NN I-NP
+sought VBN B-VP
+by IN B-PP
+Bush NNP B-NP
+to TO B-VP
+prohibit VB I-VP
+desecration NN B-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+flag NN I-NP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+proposal NN I-NP
+won VBD B-VP
+a DT B-NP
+slight JJ I-NP
+majority NN I-NP
+, , O
+the DT B-NP
+51-48 JJ I-NP
+vote NN I-NP
+was VBD B-VP
+well JJ B-ADJP
+short NN I-ADJP
+of IN B-PP
+the DT B-NP
+two-thirds NNS I-NP
+needed VBN B-VP
+to TO B-VP
+approve VB I-VP
+changes NNS B-NP
+in IN B-PP
+the DT B-NP
+Constitution NNP I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+considered VBN I-VP
+a DT B-NP
+victory NN I-NP
+for IN B-PP
+Democratic JJ B-NP
+leaders NNS I-NP
+, , O
+who WP B-NP
+favor VBP B-VP
+a DT B-NP
+law NN I-NP
+barring VBG B-VP
+flag NN B-NP
+burning VBG I-NP
+. . O
+
+The DT B-NP
+House NNP I-NP
+approved VBD B-VP
+an DT B-NP
+$ $ I-NP
+837 CD I-NP
+million CD I-NP
+aid NN I-NP
+package NN I-NP
+for IN B-PP
+Poland NNP B-NP
+and CC I-NP
+Hungary NNP I-NP
+, , O
+nearly RB B-NP
+double JJ I-NP
+what WP I-NP
+Bush NNP B-NP
+had VBD B-VP
+requested VBN I-VP
+. . O
+
+The DT B-NP
+vote NN I-NP
+of IN B-PP
+345-47 NN B-NP
+sent VBD B-VP
+the DT B-NP
+measure NN I-NP
+to TO B-PP
+the DT B-NP
+Senate NNP I-NP
+. . O
+
+Britain NNP B-NP
+'s POS B-NP
+chief JJ I-NP
+justice NN I-NP
+quashed VBD B-VP
+the DT B-NP
+murder NN I-NP
+convictions NNS I-NP
+of IN B-PP
+four CD B-NP
+people NNS I-NP
+for IN B-PP
+Irish JJ B-NP
+Republican NNP I-NP
+Army NNP I-NP
+bombings NNS I-NP
+that WDT B-NP
+killed VBD B-VP
+seven CD B-NP
+people NNS I-NP
+in IN B-PP
+1974 CD B-NP
+. . O
+
+The DT B-NP
+reversal NN I-NP
+came VBD B-VP
+after IN B-SBAR
+the DT B-NP
+government NN I-NP
+conceded VBD B-VP
+that IN B-SBAR
+investigators NNS B-NP
+may MD B-VP
+have VB I-VP
+faked VBN I-VP
+evidence NN B-NP
+. . O
+
+The DT B-NP
+`` `` I-NP
+Guildford NNP I-NP
+Four CD I-NP
+, , O
+'' '' O
+three CD B-NP
+Irishmen NNPS I-NP
+and CC O
+an DT B-NP
+Englishwoman NNP I-NP
+, , O
+have VBP B-VP
+been VBN I-VP
+imprisoned VBN I-VP
+since IN B-PP
+1975 CD B-NP
+. . O
+
+The DT B-NP
+Nobel NNP I-NP
+Prize NNP I-NP
+in IN B-PP
+literature NN B-NP
+was VBD B-VP
+won VBN I-VP
+by IN B-PP
+Camilo NNP B-NP
+Jose NNP I-NP
+Cela NNP I-NP
+, , O
+a DT B-NP
+Spanish JJ I-NP
+writer NN I-NP
+. . O
+
+His PRP$ B-NP
+1942 CD I-NP
+novel NN I-NP
+`` `` O
+The DT B-NP
+Family NNP I-NP
+of IN B-PP
+Pascual NNP B-NP
+Duarte NNP I-NP
+'' '' O
+is VBZ B-VP
+considered VBN I-VP
+the DT B-NP
+most RBS I-NP
+popular JJ I-NP
+work NN I-NP
+of IN B-PP
+fiction NN B-NP
+in IN B-PP
+Spanish JJ B-NP
+since IN B-SBAR
+Cervantes NNP B-NP
+'s POS B-NP
+`` `` I-NP
+Don NNP I-NP
+Quixote NNP I-NP
+'' '' O
+was VBD B-VP
+published VBN I-VP
+400 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+The DT B-NP
+Swedish NNP I-NP
+Academy NNP I-NP
+in IN B-PP
+Stockholm NNP B-NP
+cited VBD B-VP
+the DT B-NP
+73-year-old NNP I-NP
+Cela NNP I-NP
+for IN B-PP
+`` `` O
+rich JJ B-NP
+and CC I-NP
+intensive JJ I-NP
+prose NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+editor NN I-NP
+of IN B-PP
+Pravda NNP B-NP
+was VBD B-VP
+dismissed VBN I-VP
+and CC O
+succeeded VBN B-VP
+by IN B-PP
+a DT B-NP
+confidant NN I-NP
+of IN B-PP
+Soviet JJ B-NP
+leader NN I-NP
+Gorbachev NNP I-NP
+. . O
+
+The DT B-NP
+action NN I-NP
+at IN B-PP
+the DT B-NP
+Communist NNP I-NP
+Party NNP I-NP
+daily JJ I-NP
+, , O
+viewed VBN B-VP
+as IN B-PP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+'s POS B-NP
+most RBS I-NP
+authoritative JJ I-NP
+newspaper NN I-NP
+, , O
+was VBD B-VP
+considered VBN I-VP
+the DT B-NP
+most RBS I-NP
+significant JJ I-NP
+development NN I-NP
+in IN B-PP
+a DT B-NP
+week NN I-NP
+of IN B-PP
+Kremlin NNP B-NP
+wrangling VBG I-NP
+over IN B-PP
+the DT B-NP
+press NN I-NP
+, , O
+including VBG B-PP
+sharp JJ B-NP
+criticism NN I-NP
+from IN B-PP
+Gorbachev NNP B-NP
+. . O
+
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+new JJ I-NP
+leader NN I-NP
+met VBD B-VP
+with IN B-PP
+Lutheran NNP B-NP
+Church NNP I-NP
+officials NNS I-NP
+to TO B-VP
+discuss VB I-VP
+a DT B-NP
+growing VBG I-NP
+opposition NN I-NP
+movement NN I-NP
+demanding VBG B-VP
+democratic JJ B-NP
+freedoms NNS I-NP
+. . O
+
+As IN B-SBAR
+they PRP B-NP
+conferred VBD B-VP
+near IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+, , O
+a DT B-NP
+pro-democracy JJ I-NP
+protest NN I-NP
+erupted VBD B-VP
+in IN B-PP
+the DT B-NP
+Baltic JJ I-NP
+city NN I-NP
+of IN B-PP
+Greifswald NNP B-NP
+, , O
+and CC O
+activists NNS B-NP
+threatened VBD B-VP
+further JJ B-NP
+rallies NNS I-NP
+against IN B-PP
+leader NN B-NP
+Krenz NNP I-NP
+'s POS B-NP
+expected VBN I-NP
+hard-line JJ I-NP
+policies NNS I-NP
+. . O
+
+Police NNS B-NP
+in IN B-PP
+Prague NNP B-NP
+raided VBD B-VP
+an DT B-NP
+international JJ I-NP
+meeting NN I-NP
+on IN B-PP
+human JJ B-NP
+rights NNS I-NP
+, , O
+detaining VBG B-VP
+Czechoslovakia NNP B-NP
+'s POS B-NP
+former JJ I-NP
+foreign JJ I-NP
+minister NN I-NP
+, , O
+Jiri NNP B-NP
+Hajak NNP I-NP
+, , O
+and CC O
+14 CD B-NP
+other JJ I-NP
+activists NNS I-NP
+. . O
+
+A DT B-NP
+leading VBG I-NP
+U.S. NNP I-NP
+human-rights JJ I-NP
+monitor NN I-NP
+also RB B-ADVP
+was VBD B-VP
+briefly NN I-VP
+held VBN I-VP
+. . O
+
+Dissident JJ B-NP
+playwright NN I-NP
+Vaclav NNP I-NP
+Havel NNP I-NP
+reportedly RB B-ADVP
+escaped VBD B-VP
+the DT B-NP
+crackdown NN I-NP
+, , O
+the DT B-NP
+fourth JJ I-NP
+against IN B-PP
+activists NNS B-NP
+in IN B-PP
+recent JJ B-NP
+days NNS I-NP
+. . O
+
+Bush NNP B-NP
+met VBD B-VP
+in IN B-PP
+Washington NNP B-NP
+with IN B-PP
+Spain NNP B-NP
+'s POS B-NP
+Prime NNP I-NP
+Minister NNP I-NP
+Gonzalez NNP I-NP
+and CC O
+discussed VBN B-VP
+what WP B-NP
+the DT B-NP
+president NN I-NP
+called VBN B-VP
+`` `` O
+the DT B-NP
+unique JJ I-NP
+role NN I-NP
+'' '' O
+that IN B-NP
+Madrid NNP B-NP
+can MD B-VP
+play VB I-VP
+in IN B-PP
+furthering VBG B-VP
+democracy NN B-NP
+in IN B-PP
+Eastern NNP B-NP
+Europe NNP I-NP
+and CC O
+Latin NNP B-NP
+America NNP I-NP
+. . O
+
+Gonzalez NNP B-NP
+, , O
+who WP B-NP
+pledged VBD B-VP
+to TO I-VP
+help VB I-VP
+monitor VB I-VP
+voting NN B-NP
+in IN B-PP
+Nicaragua NNP B-NP
+, , O
+was VBD B-VP
+said VBD I-VP
+to TO I-VP
+be VB I-VP
+carrying VBG I-VP
+proposals NNS B-NP
+for IN B-PP
+free JJ B-NP
+elections NNS I-NP
+in IN B-PP
+Panama NNP B-NP
+. . O
+
+The DT B-NP
+Galileo NNP I-NP
+spacecraft NN I-NP
+sped VBD B-VP
+unerringly RB B-ADVP
+toward IN B-PP
+the DT B-NP
+planet NN I-NP
+Jupiter NNP I-NP
+, , O
+while IN B-SBAR
+five CD B-NP
+astronauts NNS I-NP
+aboard IN B-PP
+the DT B-NP
+space NN I-NP
+shuttle NN I-NP
+Atlantis NNP I-NP
+measured VBD B-VP
+the DT B-NP
+Earth NNP I-NP
+'s POS B-NP
+ozone NN I-NP
+layer NN I-NP
+. . O
+
+The DT B-NP
+robot NN I-NP
+probe NN I-NP
+was VBD B-VP
+dispatched VBN I-VP
+Wednesday NNP B-NP
+by IN B-PP
+the DT B-NP
+shuttle NN I-NP
+crew NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+to TO B-VP
+conduct VB I-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+medical JJ B-NP
+and CC I-NP
+other JJ I-NP
+experiments NNS I-NP
+before IN B-PP
+their PRP$ B-NP
+scheduled VBN I-NP
+landing NN I-NP
+Monday NNP B-NP
+in IN B-PP
+California NNP B-NP
+. . O
+
+Argentina NNP B-NP
+and CC I-NP
+Britain NNP I-NP
+agreed VBD B-VP
+to TO I-VP
+resume VB I-VP
+diplomatic JJ B-NP
+and CC I-NP
+economic JJ I-NP
+relations NNS I-NP
+, , O
+seven CD B-NP
+years NNS I-NP
+after IN B-SBAR
+the DT B-NP
+two CD I-NP
+nations NNS I-NP
+battled VBD B-VP
+over IN B-PP
+the DT B-NP
+Falkland NNP I-NP
+Islands NNPS I-NP
+. . O
+
+The DT B-NP
+announcement NN I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+they PRP B-NP
+said VBD B-VP
+hostilities NNS B-NP
+had VBD B-VP
+ceased VBN I-VP
+, , O
+followed VBD B-VP
+a DT B-NP
+two-day JJ I-NP
+meeting NN I-NP
+in IN B-PP
+Madrid NNP B-NP
+. . O
+
+Rebel NN B-NP
+artillerists NNS I-NP
+bombarded VBD B-VP
+the DT B-NP
+capital NN I-NP
+of IN B-PP
+Afghanistan NNP B-NP
+, , O
+killing VBG B-VP
+at IN B-NP
+least JJS I-NP
+12 CD I-NP
+people NNS I-NP
+, , O
+as IN B-SBAR
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+was VBD B-VP
+reported VBN I-VP
+to TO I-VP
+be VB I-VP
+airlifting VBG I-VP
+arms NNS B-NP
+and CC I-NP
+food NN I-NP
+to TO B-PP
+Kabul NNP B-NP
+'s POS B-NP
+forces NNS I-NP
+. . O
+
+Fighting NNP B-NP
+also RB B-ADVP
+was VBD B-VP
+reported VBN I-VP
+around IN B-PP
+the DT B-NP
+strategic JJ I-NP
+town NN I-NP
+of IN B-PP
+Khost NNP B-NP
+, , O
+near IN B-PP
+the DT B-NP
+Pakistani JJ I-NP
+border NN I-NP
+. . O
+
+Saudi NNP B-NP
+Arabia NNP I-NP
+'s POS B-NP
+foreign JJ I-NP
+minister NN I-NP
+met VBD B-VP
+in IN B-PP
+Damascus NNP B-NP
+with IN B-PP
+President NNP B-NP
+Assad NNP I-NP
+to TO B-VP
+develop VB I-VP
+a DT B-NP
+plan NN I-NP
+for IN B-PP
+the DT B-NP
+withdrawal NN I-NP
+of IN B-PP
+Syria NNP B-NP
+'s POS B-NP
+40,000 CD I-NP
+troops NNS I-NP
+from IN B-PP
+Lebanon NNP B-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+settlement NN I-NP
+of IN B-PP
+that DT B-NP
+nation NN I-NP
+'s POS B-NP
+14-year-old JJ I-NP
+civil JJ I-NP
+war NN I-NP
+. . O
+
+The DT B-NP
+talks NNS I-NP
+came VBD B-VP
+as IN B-SBAR
+Lebanese JJ B-NP
+negotiations NNS I-NP
+on IN B-PP
+political JJ B-NP
+changes NNS I-NP
+appeared VBD B-VP
+deadlocked VBN B-ADJP
+. . O
+
+GOP NNP B-NP
+Sen. NNP I-NP
+Specter NNP I-NP
+of IN B-PP
+Pennsylvania NNP B-NP
+said VBD B-VP
+he PRP B-NP
+would MD B-VP
+vote VB I-VP
+to TO I-VP
+acquit VB I-VP
+federal JJ B-NP
+Judge NNP I-NP
+Alcee NNP I-NP
+Hastings NNP I-NP
+in IN B-PP
+his PRP$ B-NP
+impeachment NN I-NP
+trial NN I-NP
+on IN B-PP
+charges NNS B-NP
+of IN B-PP
+perjury NN B-NP
+and CC O
+bribery NN B-NP
+conspiracy NN I-NP
+. . O
+
+Specter NNP B-NP
+, , O
+the DT B-NP
+vice NN I-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+Senate NNP I-NP
+'s POS B-NP
+evidence NN I-NP
+panel NN I-NP
+, , O
+said VBD B-VP
+there EX B-NP
+was VBD B-VP
+`` `` O
+insufficient JJ B-NP
+evidence NN I-NP
+to TO B-VP
+convict VB I-VP
+'' '' O
+the DT B-NP
+Miami NNP I-NP
+jurist NN I-NP
+. . O
+
+After IN B-PP
+slipping VBG B-VP
+on IN B-PP
+news NN B-NP
+of IN B-PP
+a DT B-NP
+smaller-than-expected JJ I-NP
+U.S. NNP I-NP
+inflation NN I-NP
+figure NN I-NP
+, , O
+the DT B-NP
+dollar NN I-NP
+rebounded VBD B-VP
+later RB B-ADVP
+in IN B-PP
+the DT B-NP
+trading NN I-NP
+day NN I-NP
+. . O
+
+The DT B-NP
+U.S. NNP I-NP
+unit NN I-NP
+dipped VBD B-VP
+to TO B-PP
+a DT B-NP
+session NN I-NP
+low JJ I-NP
+against IN B-PP
+the DT B-NP
+mark NN I-NP
+just RB B-PP
+after IN I-PP
+the DT B-NP
+release NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+. . O
+
+The DT B-NP
+report NN I-NP
+showed VBD B-VP
+that IN B-SBAR
+September NNP B-NP
+consumer NN I-NP
+prices NNS I-NP
+rose VBD B-VP
+just RB B-NP
+0.2 CD I-NP
+% NN I-NP
+, , O
+a DT B-NP
+smaller JJR I-NP
+increase NN I-NP
+than IN B-SBAR
+expected VBN B-VP
+. . O
+
+The DT B-NP
+market NN I-NP
+had VBD B-VP
+anticipated VBN I-VP
+a DT B-NP
+0.4 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+the DT B-NP
+price NN I-NP
+index NN I-NP
+. . O
+
+The DT B-NP
+September NNP I-NP
+index NN I-NP
+fueled VBD B-VP
+speculation NN B-NP
+, , O
+damaging JJ B-ADJP
+to TO B-PP
+the DT B-NP
+dollar NN I-NP
+, , O
+that IN B-SBAR
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+soon RB B-ADVP
+will MD B-VP
+ease VB I-VP
+monetary JJ B-NP
+policy NN I-NP
+further JJ B-ADVP
+. . O
+
+But CC O
+foreign-exchange JJ B-NP
+dealers NNS I-NP
+said VBD B-VP
+the DT B-NP
+dollar NN I-NP
+staged VBD B-VP
+a DT B-NP
+quick JJ I-NP
+comeback NN I-NP
+, , O
+prompted VBN B-VP
+by IN B-PP
+a DT B-NP
+round NN I-NP
+of IN B-PP
+short JJ B-NP
+covering NN I-NP
+and CC O
+some DT B-NP
+fresh JJ I-NP
+buying NN I-NP
+interest NN I-NP
+later RB B-ADVP
+in IN B-PP
+the DT B-NP
+trading NN I-NP
+day NN I-NP
+. . O
+
+Traders NNS B-NP
+said VBD B-VP
+that IN B-SBAR
+a DT B-NP
+nearly RB I-NP
+40-point JJ I-NP
+gain NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+, , O
+fueled VBN B-VP
+in IN B-PP
+part NN B-NP
+by IN B-PP
+news NN B-NP
+of IN B-PP
+a DT B-NP
+lower-than-expected JJ I-NP
+price NN I-NP
+index NN I-NP
+, , O
+had VBD B-VP
+little JJ B-NP
+influence NN I-NP
+on IN B-PP
+the DT B-NP
+dollar NN I-NP
+'s POS B-NP
+moves NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+market NN I-NP
+is VBZ B-VP
+beginning VBG I-VP
+to TO I-VP
+disassociate VB I-VP
+itself PRP B-NP
+from IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+one CD B-NP
+New NNP I-NP
+York NNP I-NP
+trader NN I-NP
+. . O
+
+In IN B-PP
+late JJ B-NP
+New NNP I-NP
+York NNP I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+the DT B-NP
+dollar NN I-NP
+was VBD B-VP
+quoted VBN I-VP
+at IN B-PP
+1.8470 CD B-NP
+marks NNS I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+1.8485 CD B-NP
+marks NNS I-NP
+late JJ B-NP
+Wednesday NNP I-NP
+, , B-PP
+and CC I-PP
+at IN B-PP
+141.70 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+141.45 CD B-NP
+yen NN I-NP
+late JJ B-NP
+Wednesday NNP I-NP
+. . O
+
+Sterling NNP B-NP
+was VBD B-VP
+quoted VBN I-VP
+at IN B-PP
+$ $ B-NP
+1.5990 CD I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+1.5920 CD I-NP
+late JJ B-NP
+Wednesday NNP I-NP
+. . O
+
+In IN B-PP
+Tokyo NNP B-NP
+Friday NNP B-NP
+, , O
+the DT B-NP
+U.S. NNP I-NP
+currency NN I-NP
+opened VBD B-VP
+for IN B-PP
+trading NN B-NP
+at IN B-PP
+141.93 CD B-NP
+yen NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+Thursday NNP B-NP
+'s POS B-NP
+Tokyo NNP I-NP
+close NN I-NP
+of IN B-PP
+141.55 CD B-NP
+yen NN I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+said VBD B-VP
+the DT B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+reflects VBZ B-VP
+a DT B-NP
+more RBR I-NP
+significant JJ I-NP
+slowdown NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+economy NN I-NP
+than IN B-SBAR
+earlier RBR B-ADVP
+indicated VBD B-VP
+. . O
+
+They PRP B-NP
+point VBP B-VP
+out RP B-PRT
+that IN B-SBAR
+September NNP B-NP
+'s POS B-NP
+producer-price JJ I-NP
+index NN I-NP
+showed VBD B-VP
+a DT B-NP
+0.9 CD I-NP
+% NN I-NP
+increase NN I-NP
+. . O
+
+They PRP B-NP
+noted VBD B-VP
+that IN B-SBAR
+because IN B-SBAR
+the DT B-NP
+consumer NN I-NP
+price NN I-NP
+index NN I-NP
+, , O
+known VBN B-VP
+as IN B-PP
+the DT B-NP
+CPI NNP I-NP
+, , O
+is VBZ B-VP
+a DT B-NP
+more RBR I-NP
+comprehensive JJ I-NP
+measure NN I-NP
+of IN B-PP
+inflation NN B-NP
+and CC O
+is VBZ B-VP
+rising VBG I-VP
+less RBR B-ADVP
+rapidly RB I-ADVP
+than IN B-PP
+the DT B-NP
+producer-price JJ I-NP
+index NN I-NP
+, , O
+or CC O
+PPI NNP B-NP
+, , O
+it PRP B-NP
+could MD B-VP
+signal VB I-VP
+further JJ B-NP
+easing NN I-NP
+by IN B-PP
+Fed NNP B-NP
+. . O
+
+Others NNS B-NP
+suggested VBD B-VP
+, , O
+however RB B-ADVP
+, , O
+that IN B-SBAR
+the DT B-NP
+Fed NNP I-NP
+will MD B-VP
+hold VB I-VP
+any DT B-NP
+changes NNS I-NP
+in IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+in IN B-PP
+check NN B-NP
+, , O
+leaving VBG B-VP
+fed VBN B-NP
+funds NNS I-NP
+at IN B-PP
+around IN B-NP
+8 CD I-NP
+3\/4 CD I-NP
+% NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+the DT B-NP
+9 CD I-NP
+% NN I-NP
+level NN I-NP
+that WDT B-NP
+prevailed VBD B-VP
+from IN B-PP
+July NNP B-NP
+through IN B-PP
+September NNP B-NP
+. . O
+
+Kevin NNP B-NP
+Logan NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+with IN B-PP
+the DT B-NP
+Swiss NNP I-NP
+Bank NNP I-NP
+Corp. NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+both DT B-NP
+PPI NNP I-NP
+and CC I-NP
+CPI NNP I-NP
+climbed VBD B-VP
+around IN B-NP
+4 CD I-NP
+1\/2 CD I-NP
+% NN I-NP
+year-to-year JJ B-ADJP
+in IN B-PP
+September NNP B-NP
+. . O
+
+He PRP B-NP
+argued VBD B-VP
+that IN B-SBAR
+both DT B-NP
+CPI NNP I-NP
+and CC I-NP
+PPI NNP I-NP
+have VBP B-VP
+in IN B-PP
+fact NN B-NP
+decelerated VBN B-VP
+since IN B-PP
+spring NN B-NP
+. . O
+
+`` `` O
+The DT B-NP
+Fed NNP I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+stampeded VBN I-VP
+into IN B-PP
+easing VBG B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Logan NNP I-NP
+said VBD B-VP
+, , O
+predicting VBG B-VP
+that IN B-SBAR
+for IN B-PP
+now RB B-NP
+, , O
+interest NN B-NP
+rates NNS I-NP
+will MD B-VP
+stay VB I-VP
+where WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+. . O
+
+A DT B-NP
+four-day JJ I-NP
+matched VBN I-NP
+sale-purchase NN I-NP
+agreement NN I-NP
+, , O
+a DT B-NP
+move NN I-NP
+to TO B-VP
+drain VB I-VP
+liquidity NN B-NP
+from IN B-PP
+the DT B-NP
+system NN I-NP
+, , O
+was VBD B-VP
+viewed VBN I-VP
+as IN B-PP
+a DT B-NP
+technical JJ I-NP
+move NN I-NP
+, , O
+rather RB B-CONJP
+than IN I-CONJP
+an DT B-NP
+indication NN I-NP
+of IN B-PP
+tightening VBG B-NP
+credit NN I-NP
+. . O
+
+Market NN B-NP
+participants NNS I-NP
+note VBP B-VP
+that IN B-SBAR
+the DT B-NP
+mark NN I-NP
+continues VBZ B-VP
+to TO I-VP
+post VB I-VP
+heftier JJR B-NP
+gains NNS I-NP
+against IN B-PP
+its PRP$ B-NP
+U.S. NNP I-NP
+counterpart NN I-NP
+than IN B-PP
+any DT B-NP
+other JJ I-NP
+major JJ I-NP
+currency NN I-NP
+, , O
+particularly RB B-ADVP
+the DT B-NP
+yen NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+a DT B-NP
+bottomless JJ I-NP
+pit NN I-NP
+of IN B-PP
+dollar NN B-NP
+demand NN I-NP
+'' '' O
+by IN B-PP
+Japanese JJ B-NP
+investors NNS I-NP
+, , O
+said VBD B-VP
+Graham NNP B-NP
+Beale NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+of IN B-PP
+foreign JJ B-NP
+exchange NN I-NP
+at IN B-PP
+Hongkong NNP B-NP
+& CC I-NP
+Shanghai NNP I-NP
+Banking NNP I-NP
+Corp. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+purely RB B-NP
+speculative JJ I-NP
+demand NN I-NP
+would MD B-VP
+n't RB I-VP
+hold VB I-VP
+the DT B-NP
+dollar NN I-NP
+at IN B-PP
+its PRP$ B-NP
+recent JJ I-NP
+levels NNS I-NP
+against IN B-PP
+the DT B-NP
+Japanese JJ I-NP
+currency NN I-NP
+. . O
+
+Mr. NNP B-NP
+Beale NNP I-NP
+commented VBD B-VP
+that IN B-SBAR
+the DT B-NP
+mark NN I-NP
+remains VBZ B-VP
+well JJ B-ADJP
+bid NN I-ADJP
+against IN B-PP
+other JJ B-NP
+currencies NNS I-NP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+Robert NNP B-NP
+White NNP I-NP
+, , O
+manager NN B-NP
+of IN B-PP
+corporate JJ B-NP
+trading NN I-NP
+at IN B-PP
+First NNP B-NP
+Interstate NNP I-NP
+of IN B-PP
+California NNP B-NP
+, , O
+called VBD B-VP
+the DT B-NP
+market NN I-NP
+`` `` O
+psychologically RB B-ADJP
+pro-mark JJ I-ADJP
+, , O
+'' '' O
+noting VBG B-VP
+that IN B-SBAR
+the DT B-NP
+U.S. NNP I-NP
+remains VBZ B-VP
+a DT B-NP
+`` `` I-NP
+veritable JJ I-NP
+grab NN I-NP
+bag NN I-NP
+'' '' O
+for IN B-PP
+Japanese JJ B-NP
+investors NNS I-NP
+which WDT B-NP
+accounts NNS B-VP
+for IN B-PP
+the DT B-NP
+unabated JJ I-NP
+demand NN I-NP
+for IN B-PP
+U.S. NNP B-NP
+dollars NNS I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+Commodity NNP I-NP
+Exchange NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+gold NN B-NP
+dropped VBD B-VP
+$ $ B-NP
+1.60 CD I-NP
+to TO B-PP
+$ $ B-NP
+367.10 CD I-NP
+an DT B-NP
+ounce NN I-NP
+in IN B-PP
+moderate JJ B-NP
+trading NN I-NP
+. . O
+
+Estimated VBN B-NP
+volume NN I-NP
+was VBD B-VP
+three CD B-NP
+million CD I-NP
+ounces NNS I-NP
+. . O
+
+In IN B-PP
+early JJ B-NP
+trading NN I-NP
+in IN B-PP
+Hong NNP B-NP
+Kong NNP I-NP
+Friday NNP B-NP
+, , O
+gold NN B-NP
+was VBD B-VP
+at IN B-PP
+about RB B-NP
+$ $ I-NP
+366.85 CD I-NP
+an DT B-NP
+ounce NN I-NP
+. . O
+
+Hotel NNP B-NP
+Investors NNP I-NP
+Trust NNP I-NP
+and CC O
+its PRP$ B-NP
+affiliate NN I-NP
+, , O
+Hotel NNP B-NP
+Investors NNP I-NP
+Corp. NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+companies NNS I-NP
+plan VBP B-VP
+to TO I-VP
+sell VB I-VP
+all DT B-NP
+of IN B-PP
+the DT B-NP
+hotels NNS I-NP
+the DT B-NP
+companies NNS I-NP
+own JJ B-VP
+and CC I-VP
+operate VB I-VP
+, , O
+except IN B-PP
+for IN B-PP
+two CD B-NP
+hotel-casinos NNS I-NP
+in IN B-PP
+Las NNP B-NP
+Vegas NNP I-NP
+, , O
+Nev NNP B-NP
+. . O
+
+The DT B-NP
+hotels NNS I-NP
+and CC I-NP
+management NN I-NP
+interests NNS I-NP
+will MD B-VP
+be VB I-VP
+sold VBN I-VP
+at IN B-PP
+an DT B-NP
+auction NN I-NP
+, , O
+said VBD B-VP
+John NNP B-NP
+Rothman NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+the DT B-NP
+trust NN I-NP
+and CC O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+corporation NN I-NP
+. . O
+
+Value NNP B-NP
+of IN B-PP
+the DT B-NP
+properties NNS I-NP
+and CC I-NP
+management NN I-NP
+interests NNS I-NP
+was VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+In IN B-PP
+all DT B-NP
+, , O
+the DT B-NP
+Los NNP I-NP
+Angeles-based JJ I-NP
+trust NN I-NP
+plans NNS B-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+interests NNS I-NP
+in IN B-PP
+36 CD B-NP
+hotels NNS I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+corporation NN I-NP
+will MD B-VP
+sell VB I-VP
+its PRP$ B-NP
+management NN I-NP
+interests NNS I-NP
+in IN B-PP
+32 CD B-NP
+of IN B-PP
+those DT B-NP
+properties NNS I-NP
+. . O
+
+Excluded VBN B-VP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+are VBP B-VP
+the DT B-NP
+interests NNS I-NP
+of IN B-PP
+the DT B-NP
+trust NN I-NP
+and CC O
+the DT B-NP
+corporation NN I-NP
+in IN B-PP
+two CD B-NP
+Las NNP I-NP
+Vegas NNP I-NP
+hotel-casinos NNS I-NP
+. . O
+
+After IN B-PP
+completing VBG B-VP
+the DT B-NP
+sale NN I-NP
+and CC O
+paying VBG B-VP
+debts NNS B-NP
+, , O
+the DT B-NP
+trust NN I-NP
+and CC I-NP
+corporation NN I-NP
+will MD B-VP
+consider VB I-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+options NNS B-NP
+including VBG B-PP
+a DT B-NP
+stock NN I-NP
+repurchase NN I-NP
+, , O
+payment NN B-NP
+of IN B-PP
+special JJ B-NP
+dividend NN I-NP
+or CC O
+investment NN B-NP
+in IN B-PP
+more JJR B-NP
+gaming NN I-NP
+properties NNS I-NP
+. . O
+
+The DT B-NP
+companies NNS I-NP
+will MD B-VP
+retain VB I-VP
+their PRP$ B-NP
+current JJ I-NP
+regular JJ I-NP
+quarterly JJ I-NP
+dividend NN I-NP
+of IN B-PP
+25 CD B-NP
+cents NNS I-NP
+during IN B-PP
+the DT B-NP
+sale NN I-NP
+process NN I-NP
+, , O
+Mr. NNP B-NP
+Rothman NNP I-NP
+said VBD B-VP
+. . O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+six CD I-NP
+months NNS I-NP
+, , O
+the DT B-NP
+trust NN I-NP
+and CC I-NP
+corporation NN I-NP
+had VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+244,000 CD I-NP
+. . O
+
+Baxter NNP B-NP
+International NNP I-NP
+Inc. NNP I-NP
+, , O
+citing VBG B-VP
+cost-cutting JJ B-NP
+moves NNS I-NP
+and CC O
+increased VBN B-NP
+sales NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+home-care JJ I-NP
+products NNS I-NP
+and CC I-NP
+dialysis NN I-NP
+treatments NNS I-NP
+, , O
+posted VBD B-VP
+a DT B-NP
+20 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+on IN B-PP
+a DT B-NP
+5.9 CD I-NP
+% NN I-NP
+sales NNS I-NP
+boost NN I-NP
+. . O
+
+The DT B-NP
+Deerfield NNP I-NP
+, , I-NP
+Ill. NNP I-NP
+, , I-NP
+medical JJ I-NP
+products NNS I-NP
+and CC I-NP
+services NNS I-NP
+company NN I-NP
+posted VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+102 CD I-NP
+million CD I-NP
+, , O
+or CC O
+34 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+85 CD I-NP
+million CD I-NP
+, , O
+or CC O
+28 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Sales NNS B-NP
+totaled VBD B-VP
+$ $ B-NP
+1.81 CD I-NP
+billion CD I-NP
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+1.71 CD I-NP
+billion CD I-NP
+the DT B-NP
+previous JJ I-NP
+year NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine-month JJ I-NP
+period NN I-NP
+, , O
+Baxter NNP B-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+15 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+307 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.02 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+267 CD I-NP
+million CD I-NP
+, , O
+or CC O
+89 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+during IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+for IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+were VBD B-VP
+up IN B-ADVP
+8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+5.44 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+5.04 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+period NN I-NP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Baxter NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+22.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+12.5 CD B-NP
+cents NNS I-NP
+. . O
+
+A DT B-NP
+group NN I-NP
+bidding NN B-VP
+for IN B-PP
+American NNP B-NP
+Medical NNP I-NP
+International NNP I-NP
+Inc. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+formally RB B-VP
+received VBD I-VP
+the DT B-NP
+final JJ I-NP
+financing NN I-NP
+needed VBN B-VP
+for IN B-PP
+a DT B-NP
+$ $ I-NP
+3 CD I-NP
+billion CD I-NP
+bid NN I-NP
+for IN B-PP
+about IN B-NP
+86 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+hospital NN I-NP
+operator NN I-NP
+'s POS B-NP
+stock NN I-NP
+. . O
+
+The DT B-NP
+offer NN I-NP
+from IN B-PP
+IMA NNP B-NP
+Acquisition NNP I-NP
+Corp. NNP I-NP
+, , O
+for IN B-PP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+63 CD I-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+is VBZ B-VP
+set VBN I-VP
+to TO I-VP
+expire VB I-VP
+Wednesday NNP B-NP
+. . O
+
+Earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+, , O
+IMA NNP B-NP
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+received VBN I-VP
+about RB B-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+of IN B-PP
+senior JJ B-NP
+debt NN I-NP
+financing NN I-NP
+from IN B-PP
+Chemical NNP B-NP
+Bank NNP I-NP
+and CC O
+six CD B-NP
+other JJ I-NP
+banks NNS I-NP
+; : O
+Chemical NNP B-NP
+Bank NNP I-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+`` `` B-ADJP
+highly RB I-ADJP
+confident JJ I-ADJP
+'' '' O
+it PRP B-NP
+could MD B-VP
+arrange VB I-VP
+the DT B-NP
+balance NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+509 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+the DT B-NP
+$ $ I-NP
+3 CD I-NP
+billion CD I-NP
+bid NN I-NP
+includes VBZ B-VP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+of IN B-PP
+debt NN B-NP
+that WDT B-NP
+will MD B-VP
+be VB I-VP
+assumed VBN I-VP
+by IN B-PP
+IMA NNP B-NP
+, , O
+$ $ B-NP
+600 CD I-NP
+million CD I-NP
+of IN B-PP
+high-yield JJ B-NP
+junk NN I-NP
+bonds NNS I-NP
+that WDT B-NP
+will MD B-VP
+be VB I-VP
+sold VBN I-VP
+by IN B-PP
+First NNP B-NP
+Boston NNP I-NP
+Corp. NNP I-NP
+and CC O
+$ $ B-NP
+285 CD I-NP
+million CD I-NP
+of IN B-PP
+equity NN B-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+American NNP B-NP
+Medical NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+23.625 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.875 CD I-NP
+. . O
+
+American NNP B-NP
+Medical NNP I-NP
+has VBZ B-VP
+agreed VBN I-VP
+to TO B-PP
+the DT B-NP
+offer NN I-NP
+, , O
+but CC O
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+received VBN I-VP
+new JJ B-NP
+`` `` I-NP
+expressions NNS I-NP
+of IN B-PP
+interest NN B-NP
+'' '' O
+from IN B-PP
+two CD B-NP
+previous JJ I-NP
+bidders NNS I-NP
+. . O
+
+American NNP B-NP
+Medical NNP I-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+pursue VB I-VP
+the DT B-NP
+inquiries NNS I-NP
+from IN B-PP
+the DT B-NP
+companies NNS I-NP
+, , O
+but CC O
+would MD B-VP
+n't RB I-VP
+identify VB I-VP
+them PRP B-NP
+unless IN B-SBAR
+they PRP B-NP
+make VBP B-VP
+firm NN B-NP
+offers NNS I-NP
+. . O
+
+H&R NNP B-NP
+Block NNP I-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+great JJ I-NP
+success NN I-NP
+stories NNS I-NP
+of IN B-PP
+U.S. NNP B-NP
+business NN I-NP
+. . O
+
+Oddly RB B-ADVP
+enough RB I-ADVP
+, , O
+this DT B-NP
+presents VBZ B-VP
+a DT B-NP
+problem NN I-NP
+for IN B-PP
+the DT B-NP
+stock NN I-NP
+. . O
+
+Some DT B-NP
+money NN I-NP
+managers NNS I-NP
+are VBP B-VP
+disenchanted VBN I-VP
+with IN B-PP
+H&R NNP B-NP
+Block NNP I-NP
+because IN B-SBAR
+they PRP B-NP
+suspect VBP B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+glory NN I-NP
+days NNS I-NP
+are VBP B-VP
+past JJ B-ADJP
+, , O
+or CC O
+at IN B-VP
+least JJS I-VP
+passing VBG I-VP
+. . O
+
+Block NNP B-NP
+'s POS B-NP
+tax-preparation NN I-NP
+business NN I-NP
+is VBZ B-VP
+mature JJ B-ADJP
+, , O
+they PRP B-NP
+say VBP B-VP
+, , O
+and CC O
+some DT B-NP
+of IN B-PP
+its PRP$ B-NP
+diversifications NNS I-NP
+are VBP B-VP
+facing VBG I-VP
+tough JJ B-NP
+competition NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+no DT B-NP
+secret NN I-NP
+that IN B-SBAR
+Block NNP B-NP
+dominates VBZ B-VP
+the DT B-NP
+mass-market JJ I-NP
+tax-preparation NN I-NP
+business NN I-NP
+. . O
+
+The DT B-NP
+Street NNP I-NP
+knows VBZ B-VP
+all DT B-PP
+about IN I-PP
+the DT B-NP
+predictability NN I-NP
+of IN B-PP
+its PRP$ B-NP
+earnings NNS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+headed VBN I-VP
+for IN B-PP
+a DT B-NP
+ninth JJ I-NP
+consecutive JJ I-NP
+yearly JJ I-NP
+increase NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+has VBZ B-VP
+consistently RB I-VP
+earned VBN I-VP
+more JJR B-NP
+than IN B-PP
+a DT B-NP
+20 CD I-NP
+% NN I-NP
+annual JJ I-NP
+return NN I-NP
+on IN B-PP
+its PRP$ B-NP
+net JJ I-NP
+worth NN I-NP
+while IN B-SBAR
+many JJ B-NP
+companies NNS I-NP
+would MD B-VP
+be VB I-VP
+happy JJ B-ADJP
+with IN B-PP
+15 CD B-NP
+% NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+tax-preparation NN I-NP
+business NN I-NP
+simply RB B-ADVP
+has VBZ B-VP
+no DT B-NP
+more JJR I-NP
+room NN I-NP
+to TO B-VP
+grow VB I-VP
+, , O
+says VBZ B-VP
+Mark NNP B-NP
+Cremonie NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+research NN B-NP
+for IN B-PP
+Capital NNP B-NP
+Supervisors NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+Chicago NNP I-NP
+firm NN I-NP
+that WDT B-NP
+manages VBZ B-VP
+$ $ B-NP
+6.5 CD I-NP
+billion CD I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+go VBP B-VP
+to TO B-PP
+any DT B-NP
+medium-sized JJ I-NP
+town NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC O
+you PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+see VB I-VP
+H&R NNP B-NP
+Block NNP I-NP
+tax NN I-NP
+services NNS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Cremonie NNP I-NP
+'s POS B-NP
+firm NN I-NP
+once RB B-ADVP
+held VBD B-VP
+about IN B-NP
+4.8 CD I-NP
+% NN I-NP
+of IN B-PP
+H&R NNP B-NP
+Block NNP I-NP
+. . O
+
+That DT B-NP
+was VBD B-VP
+before IN B-SBAR
+the DT B-NP
+1986 CD I-NP
+tax NN I-NP
+`` `` I-NP
+reform NN I-NP
+'' '' O
+made VBN B-VP
+taxes NNS B-NP
+more RBR B-ADJP
+complex JJ I-ADJP
+than IN B-PP
+ever RB B-NP
+. . O
+
+`` `` O
+One CD B-NP
+thing NN I-NP
+you PRP B-NP
+can MD B-VP
+bet VB I-VP
+on IN B-PP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+is VBZ B-VP
+that IN B-SBAR
+Congress NNP B-NP
+will MD B-VP
+do VB I-VP
+stupid JJ B-NP
+things NNS I-NP
+with IN B-PP
+the DT B-NP
+Tax NNP I-NP
+Code NNP I-NP
+. . O
+'' '' O
+
+But CC O
+Capital NNP B-NP
+Supervisors NNP I-NP
+sold VBN B-VP
+the DT B-NP
+last NN I-NP
+of IN B-PP
+its PRP$ B-NP
+H&R NNP I-NP
+Block NNP I-NP
+holdings NNS I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+thrashing VBG I-VP
+around IN B-ADVP
+for IN B-PP
+diversification NN B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+their PRP$ B-NP
+businesses NNS I-NP
+are VBP B-VP
+just RB B-ADJP
+so-so JJ I-ADJP
+. . O
+'' '' O
+
+Last JJ B-NP
+week NN I-NP
+the DT B-NP
+stock NN I-NP
+hit VBD B-VP
+an DT B-NP
+all-time JJ I-NP
+high NN I-NP
+of IN B-PP
+37 CD B-NP
+1\/4 CD I-NP
+before IN B-PP
+getting VBG B-VP
+roughed VBD I-VP
+up IN B-PRT
+in IN B-PP
+the DT B-NP
+Friday-the-13th JJ I-NP
+minicrash NN I-NP
+. . O
+
+It PRP B-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+34 CD B-NP
+3\/4 CD I-NP
+. . O
+
+To TO B-VP
+be VB I-VP
+sure JJ B-ADJP
+, , O
+the DT B-NP
+stock NN I-NP
+still RB B-ADVP
+has VBZ B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+fans NNS B-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+invested VBD B-VP
+$ $ B-NP
+10,000 CD I-NP
+in IN B-PP
+the DT B-NP
+initial JJ I-NP
+public JJ I-NP
+offering NN I-NP
+in IN B-PP
+1962 CD B-NP
+, , O
+it PRP B-NP
+would MD B-VP
+be VB I-VP
+worth JJ B-ADJP
+well RB B-NP
+over IN I-NP
+$ $ I-NP
+5 NN I-NP
+million CD I-NP
+today NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Fredric NNP B-NP
+E. NNP I-NP
+Russell NNP I-NP
+, , O
+a DT B-NP
+Tulsa NNP I-NP
+, , I-NP
+Okla. NNP I-NP
+, , I-NP
+money NN I-NP
+manager NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+what WP B-NP
+the DT B-NP
+risk NN I-NP
+is VBZ B-VP
+-LCB- ( O
+of IN B-PP
+holding VBG B-VP
+the DT B-NP
+stock NN I-NP
+-RCB- ) O
+. . O
+
+Taxes NNS B-NP
+are VBP B-VP
+not RB I-VP
+going VBG I-VP
+out IN B-ADJP
+of IN B-PP
+business NN B-NP
+. . O
+'' '' O
+
+Many JJ B-NP
+of IN B-PP
+his PRP$ B-NP
+peers NNS I-NP
+feel VBP B-VP
+the DT B-NP
+same JJ I-NP
+way NN I-NP
+. . O
+
+The DT B-NP
+number NN I-NP
+of IN B-PP
+big JJ B-NP
+institutions NNS I-NP
+that IN B-NP
+own JJ B-VP
+H&R NNP B-NP
+Block NNP I-NP
+shares NNS I-NP
+is VBZ B-VP
+207 CD B-NP
+and CC O
+growing VBG B-VP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+midyear NN I-NP
+tally NN I-NP
+by IN B-PP
+CDA NNP B-NP
+Investment NNP I-NP
+Technologies NNP I-NP
+. . O
+
+Brokerage NN B-NP
+houses NNS I-NP
+are VBP B-VP
+sweet JJ B-ADJP
+on IN B-PP
+H&R NNP B-NP
+Block NNP I-NP
+, , O
+too RB B-ADVP
+. . O
+
+Zacks NNP B-NP
+Investment NNP I-NP
+Research NNP I-NP
+counts NNS B-VP
+five CD B-NP
+brokerage NN I-NP
+houses NNS I-NP
+that WDT B-NP
+consider VBP B-VP
+the DT B-NP
+stock NN I-NP
+a DT B-NP
+buy NN I-NP
+, , O
+and CC O
+four CD B-NP
+that WDT B-NP
+call VBP B-VP
+it PRP B-NP
+a DT B-NP
+hold NN I-NP
+. . O
+
+None NN B-NP
+dare NN B-VP
+say VBP I-VP
+to TO B-VP
+sell VB I-VP
+it PRP B-NP
+. . O
+
+But CC O
+some DT B-NP
+money NN I-NP
+managers NNS I-NP
+are VBP B-VP
+doing VBG I-VP
+just RB B-NP
+that DT I-NP
+. . O
+
+Eugene NNP B-NP
+Sit VB I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Sit VB B-NP
+Investment NNP I-NP
+Associates NNPS I-NP
+in IN B-PP
+Minneapolis NNP B-NP
+, , O
+says VBZ B-VP
+, , O
+`` `` O
+When WRB B-ADVP
+we PRP B-NP
+bought VBD B-VP
+it PRP B-NP
+, , O
+we PRP B-NP
+thought VBD B-VP
+the DT B-NP
+growth NN I-NP
+rate NN I-NP
+was VBD B-VP
+going VBG I-VP
+to TO I-VP
+accelerate VB I-VP
+'' '' O
+because IN B-PP
+of IN I-PP
+computerized JJ B-NP
+tax NN I-NP
+filing NN I-NP
+and CC O
+instant NN B-NP
+refunds NNS I-NP
+-LRB- ( O
+the DT B-NP
+customer NN I-NP
+gets VBZ B-VP
+a DT B-NP
+refund NN I-NP
+immediately RB B-ADVP
+but CC O
+pays VBZ B-VP
+extra JJ B-NP
+to TO B-PP
+the DT B-NP
+tax NN I-NP
+preparer NN I-NP
+, , O
+which WDT B-NP
+waits VBZ B-VP
+for IN B-PP
+Uncle NNP B-NP
+Sam NNP I-NP
+'s POS B-NP
+check NN I-NP
+-RRB- ) O
+. . O
+
+But CC O
+neither DT B-NP
+of IN B-PP
+those DT B-NP
+developments NNS I-NP
+did VBD B-VP
+much JJ B-NP
+to TO B-VP
+juice NN I-VP
+up IN B-PRT
+growth NN B-NP
+, , O
+Mr. NNP B-NP
+Sit VB I-NP
+says VBZ B-VP
+. . O
+
+He PRP B-NP
+figures VBZ B-VP
+Block NNP B-NP
+earnings NNS I-NP
+are VBP B-VP
+now RB I-VP
+growing VBG I-VP
+at IN B-PP
+about IN B-NP
+a DT I-NP
+10 CD I-NP
+% NN I-NP
+annual JJ I-NP
+rate NN I-NP
+-LRB- ( O
+down RB B-ADVP
+from IN B-PP
+about IN B-NP
+14 CD I-NP
+% NN I-NP
+the DT B-NP
+past JJ I-NP
+five CD I-NP
+years NNS I-NP
+-RRB- ) O
+and CC O
+will MD B-VP
+grow VB I-VP
+at IN B-PP
+an DT B-NP
+8%-10 JJ I-NP
+% NN I-NP
+rate NN I-NP
+in IN B-PP
+the DT B-NP
+future NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+`` `` O
+not RB B-ADJP
+bad JJ I-ADJP
+, , O
+'' '' O
+Mr. NNP B-NP
+Sit VB I-NP
+says VBZ B-VP
+, , O
+but CC O
+it PRP B-NP
+sure JJ B-ADVP
+does VBZ B-VP
+n't RB I-VP
+justify VB I-VP
+Block NNP B-NP
+shares NNS I-NP
+being VBG B-VP
+priced VBN I-VP
+at IN B-PP
+15 CD B-NP
+to TO I-NP
+16 CD I-NP
+times NNS I-NP
+estimated VBD I-NP
+earnings NNS I-NP
+for IN B-PP
+fiscal JJ B-NP
+1990 CD I-NP
+. . O
+
+He PRP B-NP
+wants VBZ B-VP
+stocks NNS B-NP
+whose WP$ B-NP
+price\/earnings NNS I-NP
+ratio NN I-NP
+is VBZ B-VP
+less JJR B-ADJP
+than IN B-PP
+their PRP$ B-NP
+growth NN I-NP
+rate NN I-NP
+; : O
+as IN B-SBAR
+he PRP B-NP
+figures VBZ B-VP
+it PRP B-NP
+, , O
+H&R NNP B-NP
+Block NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+even RB I-VP
+come VB I-VP
+close NN B-ADVP
+. . O
+
+Two CD B-NP
+other JJ I-NP
+money NN I-NP
+managers NNS I-NP
+, , O
+in IN B-PP
+explaining VBG B-VP
+why WRB B-ADVP
+they PRP B-NP
+have VBP B-VP
+sold VBN I-VP
+large JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+H&R NNP B-NP
+Block NNP I-NP
+stock NN I-NP
+this DT B-NP
+year NN I-NP
+, , O
+spoke VBD B-VP
+on IN B-PP
+the DT B-NP
+condition NN I-NP
+they PRP B-NP
+not RB O
+be VBP B-VP
+named VBN I-VP
+. . O
+
+`` `` O
+The DT B-NP
+stock NN I-NP
+was VBD B-VP
+going VBG I-VP
+no DT B-NP
+place NN I-NP
+and CC O
+the DT B-NP
+earnings NNS I-NP
+were VBD B-VP
+so-so JJ B-ADJP
+, , O
+'' '' O
+said VBD B-VP
+one CD B-NP
+. . O
+
+-LRB- ( O
+In IN B-PP
+the DT B-NP
+past JJ I-NP
+two CD I-NP
+years NNS I-NP
+, , O
+the DT B-NP
+stock NN I-NP
+almost RB B-ADVP
+stalled VBD B-VP
+out RB B-PRT
+. . O
+
+It PRP B-NP
+was VBD B-VP
+above IN B-PP
+33 CD B-NP
+, , O
+adjusted VBN B-VP
+for IN B-PP
+a DT B-NP
+subsequent JJ I-NP
+split NN I-NP
+, , O
+in IN B-PP
+1987 CD B-NP
+, , O
+and CC O
+has VBZ B-VP
+n't RB I-VP
+gotten VBN I-VP
+much RB B-ADJP
+higher JJR I-ADJP
+since IN B-ADVP
+. . O
+-RRB- ) O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+no DT B-NP
+more JJR I-NP
+growth NN I-NP
+in IN B-PP
+the DT B-NP
+tax NN I-NP
+business NN I-NP
+-LCB- ( O
+except IN O
+-RCB- ) O
+for IN B-PP
+increasing VBG B-NP
+prices NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+money NN I-NP
+manager NN I-NP
+added VBD B-VP
+. . O
+
+The DT B-NP
+CompuServe NNP I-NP
+subsidiary NN I-NP
+-LRB- ( O
+which WDT B-NP
+provides VBZ B-VP
+information NN B-NP
+to TO B-PP
+home-computer NN B-NP
+users NNS I-NP
+-RRB- ) O
+is VBZ B-VP
+`` `` O
+where WRB B-ADVP
+the DT B-NP
+growth NN I-NP
+is VBZ B-VP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+but CC O
+its PRP$ B-NP
+format NN I-NP
+is VBZ B-VP
+`` `` O
+still RB B-ADVP
+too RB B-ADJP
+complicated VBN I-ADJP
+. . O
+'' '' O
+
+CompuServe NNP B-NP
+provides VBZ B-VP
+about IN B-NP
+20 CD I-NP
+% NN I-NP
+of IN B-PP
+both DT B-NP
+sales NNS I-NP
+and CC I-NP
+earnings NNS I-NP
+. . O
+
+The DT B-NP
+tax NN I-NP
+business NN I-NP
+still RB B-ADVP
+provides VBZ B-VP
+about IN B-NP
+70 CD I-NP
+% NN I-NP
+of IN B-PP
+earnings NNS B-NP
+, , O
+on IN B-PP
+about IN B-NP
+50 CD I-NP
+% NN I-NP
+of IN B-PP
+sales NNS B-NP
+. . O
+
+Personnel NNP B-NP
+Pool NNP I-NP
+-LRB- ( O
+temporary JJ B-NP
+workers NNS I-NP
+, , O
+mostly RB B-PP
+in IN I-PP
+the DT B-NP
+health-care NN I-NP
+area NN I-NP
+-RRB- ) O
+chips NNS B-VP
+in IN B-PRT
+close RB B-NP
+to TO I-NP
+25 CD I-NP
+% NN I-NP
+of IN B-PP
+sales NNS B-NP
+but CC O
+only RB B-NP
+about IN I-NP
+9 CD I-NP
+% NN I-NP
+of IN B-PP
+earnings NNS B-NP
+. . O
+
+The DT B-NP
+shortage NN I-NP
+of IN B-PP
+nurses NNS B-NP
+is VBZ B-VP
+crimping VBG I-VP
+profit NN B-NP
+at IN B-PP
+Personnel NNP B-NP
+Pool NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+second JJ I-NP
+money NN I-NP
+manager NN I-NP
+. . O
+
+He PRP B-NP
+concedes VBZ B-VP
+H&R NNP B-NP
+Block NNP I-NP
+is VBZ B-VP
+`` `` O
+well-entrenched JJ B-ADJP
+'' '' O
+and CC O
+`` `` O
+a DT B-NP
+great JJ I-NP
+company NN I-NP
+, , O
+'' '' O
+but CC O
+says VBZ B-VP
+`` `` O
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+grow VB I-VP
+fast RB B-ADVP
+enough RB I-ADVP
+for IN B-PP
+us PRP B-NP
+. . O
+
+We PRP B-NP
+'re VBP B-VP
+looking VBG I-VP
+for IN B-PP
+something NN B-NP
+that WDT B-NP
+grows VBZ B-VP
+faster RBR B-ADVP
+and CC O
+sells VBZ B-VP
+at IN B-PP
+a DT B-NP
+comparable JJ I-NP
+-LCB- ( O
+price-earnings JJ O
+-RCB- ) O
+multiple JJ B-NP
+. . O
+'' '' O
+
+Thomas NNP B-NP
+M. NNP I-NP
+Bloch NNP I-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+, , O
+says VBZ B-VP
+`` `` O
+I PRP B-NP
+would MD B-VP
+disagree VB I-VP
+'' '' O
+that IN B-SBAR
+the DT B-NP
+tax NN I-NP
+business NN I-NP
+is VBZ B-VP
+mature JJ B-ADJP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+the DT B-NP
+company NN I-NP
+is VBZ B-VP
+planning VBG I-VP
+to TO I-VP
+go VB I-VP
+nationwide JJ B-ADJP
+with IN B-PP
+a DT B-NP
+new JJ I-NP
+service NN I-NP
+, , O
+tested VBN B-VP
+in IN B-PP
+parts NNS B-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+, , O
+aimed VBN B-VP
+at IN B-PP
+taxpayers NNS B-NP
+who WP B-NP
+want VBP B-VP
+refunds NNS B-NP
+in IN B-PP
+a DT B-NP
+hurry NN I-NP
+. . O
+
+Mr. NNP B-NP
+Bloch NNP I-NP
+concedes VBZ B-VP
+that IN B-SBAR
+a DT B-NP
+recent JJ I-NP
+diversification NN I-NP
+attempt NN I-NP
+fell VBD B-VP
+through RB B-PRT
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+still RB B-ADVP
+interested JJ B-ADJP
+-LCB- ( O
+in IN B-PP
+diversifying VBG B-NP
+-RCB- ) O
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+but CC O
+we PRP B-NP
+'d MD B-VP
+rather RB I-VP
+be VB I-VP
+prudent JJ B-ADJP
+than IN B-SBAR
+make NN B-VP
+a DT B-NP
+mistake NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+also RB B-ADVP
+says VBZ B-VP
+CompuServe NNP B-NP
+'s POS B-NP
+earnings NNS I-NP
+continue VBP B-VP
+to TO I-VP
+grow VB I-VP
+`` `` O
+20 CD B-NP
+% NN I-NP
+to TO O
+30 CD B-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+'' '' O
+in IN B-PP
+spite NN B-NP
+of IN B-PP
+tough JJ B-NP
+competition NN I-NP
+from IN B-PP
+giants NNS B-NP
+like IN B-PP
+Sears NNP B-NP
+and CC I-NP
+IBM NNP I-NP
+. . O
+
+And CC O
+he PRP B-NP
+says VBZ B-VP
+Block NNP B-NP
+'s POS B-NP
+other JJ I-NP
+businesses NNS I-NP
+are VBP B-VP
+growing VBG I-VP
+, , O
+although IN B-SBAR
+less RBR B-ADVP
+consistently RB I-ADVP
+. . O
+
+H&R NNP B-NP
+Block NNP I-NP
+-LRB- ( O
+NYSE NNP B-NP
+; : O
+Symbol:HRB NNP B-NP
+-RRB- ) O
+
+Business NN B-NP
+: : O
+Tax NNP B-NP
+Preparation NN I-NP
+
+Year NN B-NP
+ended VBN B-VP
+April NNP B-NP
+30 CD I-NP
+, , I-NP
+1989 CD I-NP
+: : O
+
+Revenue NN B-NP
+: : O
+$ $ B-NP
+899.6 CD I-NP
+million CD I-NP
+
+Net JJ B-NP
+loss NN I-NP
+: : O
+$ $ B-NP
+100.2 CD I-NP
+million CD I-NP
+; : O
+$ $ B-NP
+1.90 CD I-NP
+a DT B-NP
+share NN I-NP
+
+First JJ B-NP
+quarter NN I-NP
+, , O
+July NNP B-NP
+31 CD I-NP
+, , I-NP
+1989 CD I-NP
+: : O
+
+Per-share JJ B-NP
+earnings NNS I-NP
+: : O
+Loss NN B-NP
+of IN B-PP
+8 CD B-NP
+cents NNS I-NP
+vs. IN O
+loss NN B-NP
+of IN B-PP
+9 CD B-NP
+cents NNS I-NP
+
+Average NNP B-NP
+daily JJ I-NP
+trading NN I-NP
+volume NN I-NP
+: : O
+145,954 CD B-NP
+shares NNS I-NP
+
+Philips NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+board NN I-NP
+authorized VBD B-VP
+the DT B-NP
+redemption NN I-NP
+Dec. NNP B-NP
+6 CD I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+$ $ B-ADJP
+1 CD O
+cumulative JJ B-NP
+convertible JJ I-NP
+special JJ I-NP
+preferred JJ I-NP
+stock NN I-NP
+at IN B-PP
+$ $ B-NP
+37.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+not RB B-PP
+including VBG I-PP
+a DT B-NP
+25 CD I-NP
+cent NN I-NP
+dividend NN I-NP
+for IN B-PP
+the DT B-NP
+current JJ I-NP
+quarter NN I-NP
+, , O
+and CC O
+the DT B-NP
+$ $ I-NP
+3 CD I-NP
+cumulative JJ I-NP
+convertible JJ I-NP
+preferred JJ I-NP
+stock NN I-NP
+at IN B-PP
+$ $ B-NP
+75 CD I-NP
+, , O
+plus CC B-PP
+a DT B-NP
+75 CD I-NP
+cent NN I-NP
+dividend NN I-NP
+for IN B-PP
+the DT B-NP
+current JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+Dayton NNP I-NP
+, , I-NP
+Ohio NNP I-NP
+, , I-NP
+maker NN I-NP
+of IN B-PP
+parts NNS B-NP
+for IN B-PP
+the DT B-NP
+building NN I-NP
+and CC I-NP
+transportation NN I-NP
+industries NNS I-NP
+said VBD B-VP
+holders NNS B-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+issues NNS I-NP
+can MD B-VP
+convert VB I-VP
+their PRP$ B-NP
+stock NN I-NP
+into IN B-PP
+common JJ B-NP
+shares NNS I-NP
+through IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+business NNP B-NP
+Dec. NNP B-NP
+1 CD I-NP
+. . O
+
+Each DT B-NP
+$ $ I-NP
+1 CD I-NP
+cumulative JJ I-NP
+share NN I-NP
+can MD B-VP
+be VB I-VP
+converted VBN I-VP
+into IN B-PP
+4.92 CD B-NP
+common JJ I-NP
+shares NNS I-NP
+; : O
+the DT B-NP
+ratio NN I-NP
+on IN B-PP
+the DT B-NP
+$ $ I-NP
+3 CD I-NP
+cumulative JJ I-NP
+is VBZ B-VP
+eight CD B-NP
+common JJ I-NP
+shares NNS I-NP
+for IN B-PP
+each DT B-NP
+$ $ I-NP
+3 CD I-NP
+cumulative JJ I-NP
+preferred JJ I-NP
+. . O
+
+Philips NNP B-NP
+did VBD B-VP
+n't RB I-VP
+indicate VB I-VP
+how WRB B-ADVP
+many JJ O
+shares NNS B-NP
+outstanding JJ B-ADJP
+it PRP B-NP
+has VBZ B-VP
+of IN B-PP
+either DT B-NP
+issue NN I-NP
+. . O
+
+Company NN B-NP
+officials NNS I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+. . O
+
+Earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+its PRP$ B-NP
+board NN I-NP
+approved VBD B-VP
+a DT B-NP
+proposed VBN I-NP
+management-led JJ I-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+at IN B-PP
+$ $ B-NP
+25.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+or CC O
+$ $ B-NP
+750 CD I-NP
+million CD I-NP
+. . O
+
+-LRB- ( O
+During IN B-PP
+its PRP$ B-NP
+centennial NN I-NP
+year NN I-NP
+, , O
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+will MD B-VP
+report VB I-VP
+events NNS B-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+century NN I-NP
+that WDT B-NP
+stand VBP B-VP
+as IN B-PP
+milestones NNS B-NP
+of IN B-PP
+American JJ B-NP
+business NN I-NP
+history NN I-NP
+. . O
+-RRB- ) O
+
+PUTS NNPS B-NP
+AND CC I-NP
+CALLS NNPS I-NP
+, , O
+STOCK NNP B-NP
+MARKET NNP I-NP
+PATOIS NNP I-NP
+for IN B-PP
+options NNS B-NP
+to TO B-VP
+sell VB I-VP
+or CC I-VP
+buy VB I-VP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+shares NNS I-NP
+, , O
+were VBD B-VP
+long JJ B-ADVP
+an DT B-NP
+arcane JJ I-NP
+Wall NNP I-NP
+Street NNP I-NP
+art NN I-NP
+best RBS B-VP
+left VBN I-VP
+to TO B-PP
+the DT B-NP
+experts NNS I-NP
+, , O
+who WP B-NP
+used VBD B-VP
+them PRP B-NP
+either DT O
+as IN B-PP
+a DT B-NP
+hedge NN I-NP
+or CC B-PP
+for IN B-PP
+pure JJ B-NP
+speculation NN I-NP
+. . O
+
+Options NNS B-NP
+lost VBD B-VP
+some DT B-NP
+of IN B-PP
+their PRP$ B-NP
+mystery NN I-NP
+in IN B-PP
+1973 CD B-NP
+when WRB B-ADVP
+the DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+of IN B-PP
+Trade NNP B-NP
+set VBD B-VP
+up IN B-PRT
+a DT B-NP
+special JJ I-NP
+exchange NN I-NP
+to TO B-VP
+deal VB I-VP
+in IN B-PP
+them PRP B-NP
+. . O
+
+Until IN B-PP
+then RB B-NP
+, , O
+options NNS B-NP
+had VBD B-VP
+been VBN I-VP
+traded VBN I-VP
+only RB B-PP
+in IN I-PP
+the DT B-NP
+over-the-counter JJ I-NP
+market NN I-NP
+, , O
+mostly RB B-PP
+in IN I-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+and CC B-PP
+in IN B-PP
+an DT B-NP
+almost RB I-NP
+invisible JJ I-NP
+secondary JJ I-NP
+market NN I-NP
+operating VBG B-VP
+chiefly RB B-ADVP
+by IN B-PP
+telephone NN B-NP
+. . O
+
+The DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+of IN B-PP
+Trade NNP B-NP
+, , O
+the DT B-NP
+No. NN I-NP
+1 CD I-NP
+U.S. NNP I-NP
+grain NN I-NP
+market NN I-NP
+, , O
+had VBD B-VP
+long RB I-VP
+chafed VBN I-VP
+under IN B-PP
+the DT B-NP
+attention NN I-NP
+won VBN B-VP
+by IN B-PP
+its PRP$ B-NP
+innovative JJ I-NP
+archrival NN I-NP
+, , O
+the DT B-NP
+livestock-dealing JJ I-NP
+Mercantile NNP I-NP
+Exchange NNP I-NP
+. . O
+
+So RB O
+the DT B-NP
+men NNS I-NP
+who WP B-NP
+ran VBD B-VP
+the DT B-NP
+grain NN I-NP
+pits NNS I-NP
+listened VBD B-VP
+when WRB B-ADVP
+Joseph NNP B-NP
+Sullivan NNP I-NP
+, , O
+a DT B-NP
+35-year-old JJ I-NP
+former JJ I-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+newsman NN I-NP
+, , O
+offered VBD B-VP
+them PRP B-NP
+the DT B-NP
+idea NN I-NP
+of IN B-PP
+all-options JJ B-NP
+trading NN I-NP
+. . O
+
+After IN B-PP
+four CD B-NP
+year NN I-NP
+of IN B-PP
+tinkering NN B-NP
+and CC O
+$ $ B-NP
+2.4 CD I-NP
+million CD I-NP
+in IN B-PP
+seed NN B-NP
+money NN I-NP
+, , O
+the DT B-NP
+board NN I-NP
+set VBN B-VP
+up IN B-PRT
+the DT B-NP
+new JJ I-NP
+marketplace NN I-NP
+, , O
+titled VBD B-VP
+it PRP B-NP
+the DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+Options NNP I-NP
+Exchange NNP I-NP
+, , O
+and CC O
+named VBD B-VP
+Sullivan NNP B-NP
+its PRP$ B-NP
+first JJ I-NP
+president NN I-NP
+. . O
+
+The DT B-NP
+beginnings NNS I-NP
+were VBD B-VP
+modest JJ B-ADJP
+. . O
+
+The DT B-NP
+CBOE NNP I-NP
+opened VBD B-VP
+for IN B-PP
+business NN B-NP
+on IN B-PP
+April NNP B-NP
+26 CD I-NP
+, , I-NP
+1973 CD I-NP
+, , O
+in IN B-PP
+what WP B-NP
+had VBD B-VP
+been VBN I-VP
+a DT O
+Board NNP O
+of IN B-PP
+Trade NNP B-NP
+lunchroom NN B-NP
+. . O
+
+It PRP B-NP
+listed VBD B-VP
+just RB B-NP
+16 CD I-NP
+options NNS I-NP
+to TO B-VP
+buy VB I-VP
+a DT B-NP
+`` `` I-NP
+pilot NN I-NP
+list NN I-NP
+'' '' O
+of IN B-PP
+stocks NNS B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+-LRB- ( O
+Puts VBZ B-NP
+, , O
+or CC O
+sell VB B-NP
+options NNS I-NP
+, , O
+would MD B-VP
+not RB I-VP
+be VB I-VP
+added VBN I-VP
+until IN B-PP
+1977 CD B-NP
+. . O
+-RRB- ) O
+
+The DT B-NP
+282 CD I-NP
+members NNS I-NP
+had VBD B-VP
+paid VBN I-VP
+$ $ B-NP
+10,000 CD I-NP
+apiece RB B-ADVP
+for IN B-PP
+seats NNS B-NP
+. . O
+
+-LRB- ( O
+The DT B-NP
+1989 CD I-NP
+price NN I-NP
+: : O
+$ $ B-NP
+250,000 CD I-NP
+. . O
+-RRB- ) O
+
+The DT B-NP
+first JJ I-NP
+day NN I-NP
+'s POS B-NP
+business NN I-NP
+was VBD B-VP
+911 CD B-NP
+contracts NNS I-NP
+-LRB- ( O
+each DT B-NP
+for IN B-PP
+100 CD B-NP
+shares NNS I-NP
+of IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+listed VBN I-NP
+stocks NNS I-NP
+-RRB- ) O
+. . O
+
+By IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+1973 CD B-NP
+, , O
+the DT B-NP
+number NN I-NP
+of IN B-PP
+`` `` B-NP
+underlying VBG I-NP
+'' '' I-NP
+Big NNP I-NP
+Board NNP I-NP
+stocks NNS I-NP
+had VBD B-VP
+been VBN I-VP
+increased VBN I-VP
+to TO B-PP
+50 CD B-NP
+and CC O
+the DT B-NP
+options NNS I-NP
+exchange VBP I-NP
+had VBD B-VP
+run VBN I-VP
+up IN B-PRT
+volume NN B-NP
+of IN B-PP
+1.1 CD B-NP
+million CD I-NP
+contracts NNS I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+later RB B-ADVP
+, , O
+it PRP B-NP
+was VBD B-VP
+5.7 CD B-NP
+million CD I-NP
+. . O
+
+Last JJ B-NP
+year NN I-NP
+, , O
+more JJR B-NP
+than IN I-NP
+1,800 CD I-NP
+traders NNS I-NP
+on IN B-PP
+the DT B-NP
+CBOE NNP I-NP
+bought VBD B-VP
+and CC I-VP
+sold VBN I-VP
+112 CD B-NP
+million CD I-NP
+contracts NNS I-NP
+on IN B-PP
+178 CD B-NP
+listed VBN I-NP
+stocks NNS I-NP
+, , O
+60 CD B-NP
+% NN I-NP
+of IN B-PP
+all DT B-NP
+U.S. NNP I-NP
+listed VBD I-NP
+options NNS I-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+exchange NN I-NP
+drew VBD B-VP
+instant NN B-NP
+recognition NN I-NP
+from IN B-PP
+an DT B-NP
+unwelcome JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+, , O
+campaigning VBG B-VP
+against IN B-PP
+fixed VBN B-NP
+brokerage NN I-NP
+commissions NNS I-NP
+, , O
+promptly RB B-VP
+sued VBD I-VP
+the DT B-NP
+CBOE NNP I-NP
+over IN B-PP
+its PRP$ B-NP
+minimum-fee JJ I-NP
+system NN I-NP
+. . O
+
+The DT B-NP
+Nuclear NNP I-NP
+Regulatory NNP I-NP
+Commission NNP I-NP
+ruled VBD B-VP
+unanimously RB B-ADVP
+that IN B-SBAR
+the DT B-NP
+financial JJ I-NP
+troubles NNS I-NP
+facing VBG B-VP
+the DT B-NP
+Seabrook NNP I-NP
+, , I-NP
+N.H. NNP I-NP
+, , I-NP
+nuclear-power JJ I-NP
+plant NN I-NP
+have VBP B-VP
+no DT B-NP
+impact NN I-NP
+on IN B-PP
+whether IN B-SBAR
+the DT B-NP
+plant NN I-NP
+receives VBZ B-VP
+a DT B-NP
+full-power JJ I-NP
+license NN I-NP
+. . O
+
+Massachusetts NNP B-NP
+Attorney NNP I-NP
+General NNP I-NP
+James NNP I-NP
+Shannon NNP I-NP
+, , O
+opposing VBG B-VP
+the DT B-NP
+license NN I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+will MD B-VP
+appeal VB I-VP
+the DT B-NP
+ruling NN I-NP
+in IN B-PP
+federal JJ B-NP
+court NN I-NP
+. . O
+
+Seabrook NNP B-NP
+officials NNS I-NP
+said VBD B-VP
+the DT B-NP
+plant NN I-NP
+could MD B-VP
+receive VB I-VP
+a DT B-NP
+full-power JJ I-NP
+license NN I-NP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+NRC NNP I-NP
+rejected VBD B-VP
+Mr. NNP B-NP
+Shannon NNP I-NP
+'s POS B-NP
+argument NN I-NP
+that IN B-SBAR
+Public NNP B-NP
+Service NNP I-NP
+Co. NNP I-NP
+of IN B-PP
+New NNP B-NP
+Hampshire NNP I-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+the DT B-NP
+largest JJS I-NP
+share NN I-NP
+of IN B-PP
+Seabrook NNP B-NP
+, , O
+and CC O
+11 CD B-NP
+other JJ I-NP
+owners NNS I-NP
+are VBP B-VP
+financially RB B-ADJP
+unable JJ I-ADJP
+to TO B-VP
+guarantee VB I-VP
+the DT B-NP
+plant NN I-NP
+'s POS B-NP
+safe JJ I-NP
+operation NN I-NP
+. . O
+
+Mr. NNP B-NP
+Shannon NNP I-NP
+was VBD B-VP
+seeking VBG I-VP
+a DT B-NP
+waiver NN I-NP
+of IN B-PP
+NRC NNP B-NP
+policy NN I-NP
+that WDT B-NP
+ignores VBZ B-VP
+financial JJ B-NP
+considerations NNS I-NP
+in IN B-PP
+making VBG B-VP
+licensing NN B-NP
+decisions NNS I-NP
+. . O
+
+In IN B-PP
+its PRP$ B-NP
+ruling NN I-NP
+, , O
+the DT B-NP
+NRC NNP I-NP
+said VBD B-VP
+that IN B-SBAR
+because IN B-SBAR
+Seabrook NNP B-NP
+will MD B-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+charge VB I-VP
+rates NNS B-NP
+sufficient JJ B-ADJP
+to TO B-VP
+run VB I-VP
+the DT B-NP
+plant NN I-NP
+and CC O
+make VB B-VP
+payments NNS B-NP
+on IN B-PP
+past JJ B-NP
+construction NN I-NP
+costs NNS I-NP
+, , O
+consideration NN B-NP
+of IN B-PP
+the DT B-NP
+owners NNS I-NP
+' POS B-NP
+financial JJ I-NP
+condition NN I-NP
+is VBZ B-VP
+pointless JJ B-ADJP
+. . O
+
+`` `` O
+The DT B-NP
+commissioners NNS I-NP
+found VBD B-VP
+the DT B-NP
+circumstances NNS I-NP
+of IN B-PP
+the DT B-NP
+case NN I-NP
+did VBD B-VP
+n't RB I-VP
+undercut VB I-VP
+the DT B-NP
+assurance NN I-NP
+from IN B-PP
+government NN B-NP
+rate NN I-NP
+setters NNS I-NP
+of IN B-PP
+available JJ B-NP
+funds NNS I-NP
+adequate JJ B-ADJP
+for IN B-PP
+safe JJ B-NP
+operation NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+a DT B-NP
+commission NN I-NP
+spokesman NN I-NP
+. . O
+
+In IN B-PP
+January NNP B-NP
+1988 CD I-NP
+, , O
+the DT B-NP
+utility NN I-NP
+filed VBN B-VP
+for IN B-PP
+protection NN B-NP
+under IN B-PP
+Chapter NN B-NP
+11 CD I-NP
+of IN B-PP
+the DT B-NP
+federal JJ I-NP
+Bankruptcy NNP I-NP
+Code NNP I-NP
+, , O
+allowing VBG B-VP
+it PRP B-NP
+to TO B-VP
+continue VB I-VP
+to TO I-VP
+operate VB I-VP
+while IN B-SBAR
+protected VBN B-VP
+from IN B-PP
+creditors NNS B-NP
+' POS B-NP
+lawsuits NNS I-NP
+. . O
+
+Bristol-Myers NNP B-NP
+Squibb NNP I-NP
+Co. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+the DT B-NP
+newly RB I-NP
+merged VBN I-NP
+drug NN I-NP
+and CC I-NP
+health-care-product NN I-NP
+company NN I-NP
+, , O
+reported VBD B-VP
+record NN B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+for IN B-PP
+both DT B-NP
+companies NNS I-NP
+in IN B-PP
+the DT B-NP
+merger NN I-NP
+. . O
+
+Bristol-Myers NNP B-NP
+Co. NNP I-NP
+and CC O
+Squibb NNP B-NP
+Corp. NNP I-NP
+, , O
+Princeton NNP B-NP
+, , O
+N.J. NNP B-NP
+, , O
+merged VBN B-VP
+Oct. NNP B-NP
+4 CD I-NP
+, , O
+but CC O
+the DT B-NP
+new JJ I-NP
+company NN I-NP
+reported VBD B-VP
+third-period JJ B-NP
+earnings NNS I-NP
+for IN B-PP
+both DT B-NP
+companies NNS I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+, , O
+Bristol-Myers NNP B-NP
+Squibb NNP I-NP
+will MD B-VP
+report VB I-VP
+one CD B-NP
+set VBN I-NP
+of IN B-PP
+earnings NNS B-NP
+. . O
+
+Bristol-Myers NNP B-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+15 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+266.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+93 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+232.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+81 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+gained VBD B-VP
+5 NN B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.59 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.52 CD I-NP
+billion CD I-NP
+. . O
+
+Squibb NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+17 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+144.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.47 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+123 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.25 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+were VBD B-VP
+$ $ B-NP
+730.1 CD I-NP
+million CD I-NP
+, , O
+up IN B-ADVP
+7 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+679.5 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Bristol-Myers NNP B-NP
+Squibb NNP I-NP
+rose VBD B-VP
+$ $ B-NP
+1.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+52.75 CD I-NP
+. . O
+
+PPG NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+, , O
+hurt VBN B-VP
+by IN B-PP
+softness NN B-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+automotive JJ I-NP
+and CC I-NP
+construction NN I-NP
+industries NNS I-NP
+, , O
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+5.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+106.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+97 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+112.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.03 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Sales NNS B-NP
+were VBD B-VP
+nearly RB B-ADJP
+identical JJ I-ADJP
+to TO B-PP
+the DT B-NP
+year-earlier JJ I-NP
+$ $ I-NP
+1.36 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+drop NN I-NP
+in IN B-PP
+earnings NNS B-NP
+did VBD B-VP
+n't RB I-VP
+surprise VB I-VP
+analysts NNS B-NP
+who WP B-NP
+said VBD B-VP
+the DT B-NP
+Pittsburgh NNP I-NP
+glass NN I-NP
+, , I-NP
+coatings NNS I-NP
+and CC I-NP
+chemical NN I-NP
+concern NN I-NP
+had VBD B-VP
+been VBN I-VP
+predicting VBG I-VP
+a DT B-NP
+slow JJ I-NP
+quarter NN I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+sluggish JJ I-NP
+construction NN I-NP
+industry NN I-NP
+, , O
+a DT B-NP
+major JJ I-NP
+market NN I-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+flat JJ I-NP
+glass NN I-NP
+. . O
+
+Glass NN B-NP
+sales NNS I-NP
+to TO B-PP
+Canadian JJ B-NP
+and CC I-NP
+European JJ I-NP
+auto NN I-NP
+makers NNS I-NP
+and CC O
+sales NNS B-NP
+of IN B-PP
+replacement NN B-NP
+auto NN I-NP
+glass NN I-NP
+in IN B-PP
+all DT B-NP
+markets NNS I-NP
+increased VBN B-VP
+. . O
+
+The DT B-NP
+coating NN I-NP
+segment NN I-NP
+also RB B-ADVP
+posted VBD B-VP
+higher JJR B-NP
+sales NNS I-NP
+particularly RB B-PP
+in IN I-PP
+North NNP B-NP
+America NNP I-NP
+and CC O
+Europe NNP B-NP
+. . O
+
+But CC O
+sale NN B-NP
+increases NNS I-NP
+were VBD B-VP
+offset VBN I-VP
+by IN B-PP
+slumping VBG B-NP
+sales NNS I-NP
+in IN B-PP
+flat JJ B-NP
+glass NN I-NP
+and CC O
+fiberglass NNS B-NP
+reinforcements NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Also RB B-ADVP
+, , O
+chemicals NNS B-NP
+sales NNS I-NP
+were VBD B-VP
+slightly RB B-ADJP
+down RB I-ADJP
+because IN B-PP
+of IN I-PP
+lower JJR B-NP
+prices NNS I-NP
+for IN B-PP
+vinyl NN B-NP
+chloride NN I-NP
+monomer NN I-NP
+and CC O
+other JJ B-NP
+chlorine NN I-NP
+derivatives NNS I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+PPG NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+41 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+37.5 CD B-NP
+cents NNS I-NP
+. . O
+
+Jefferies NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+4 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+2.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+35 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+2.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+31 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+on IN B-PP
+more JJR B-NP
+shares NNS I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+15 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+36 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+31.2 CD I-NP
+million CD I-NP
+. . O
+
+Jefferies NNP B-NP
+, , O
+a DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+holding VBG I-NP
+company NN I-NP
+primarily RB B-VP
+engaged VBD I-VP
+in IN B-PP
+securities NNS B-NP
+trading NN I-NP
+, , O
+also RB B-ADVP
+said VBD B-VP
+stock NN B-NP
+market NN I-NP
+declines NNS I-NP
+since IN B-PP
+the DT B-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+created VBN B-VP
+an DT B-NP
+unrealized JJ I-NP
+pretax JJ I-NP
+loss NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+6 CD I-NP
+million CD I-NP
+in IN B-PP
+its PRP$ B-NP
+risk NN I-NP
+arbitrage NN I-NP
+account NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Jefferies NNP B-NP
+said VBD B-VP
+net NN B-NP
+fell VBD B-VP
+39 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+6.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.07 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+11.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.50 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+fell VBD B-VP
+3 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+105.2 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+108.4 CD I-NP
+million CD I-NP
+. . O
+
+Sony NNP B-NP
+Corp. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+said VBD B-VP
+its PRP$ B-NP
+bids NNS I-NP
+for IN B-PP
+Columbia NNP B-NP
+Pictures NNP I-NP
+Entertainment NNP I-NP
+Inc. NNP I-NP
+and CC O
+Guber-Peters NNP B-NP
+Entertainment NNP I-NP
+Co. NNP I-NP
+have VBP B-VP
+been VBN I-VP
+cleared VBN I-VP
+by IN B-PP
+federal JJ B-NP
+antitrust JJ I-NP
+regulators NNS I-NP
+. . O
+
+The DT B-NP
+Japanese JJ I-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+waiting VBG I-NP
+period NN I-NP
+under IN B-PP
+the DT B-NP
+Hart-Scott-Rodino NNP I-NP
+antitrust JJ I-NP
+act NN I-NP
+for IN B-PP
+the DT B-NP
+$ $ I-NP
+3.4 CD I-NP
+billion CD I-NP
+bid NN I-NP
+for IN B-PP
+Columbia NNP B-NP
+and CC O
+the DT B-NP
+$ $ I-NP
+200 CD I-NP
+million CD I-NP
+offer NN I-NP
+for IN B-PP
+Guber-Peters NNP B-NP
+expired VBD B-VP
+Monday NNP B-NP
+. . O
+
+Sony NNP B-NP
+has VBZ B-VP
+agreed VBN I-VP
+to TO I-VP
+buy VB I-VP
+both DT B-NP
+companies NNS I-NP
+, , O
+but CC O
+is VBZ B-VP
+in IN B-PP
+a DT B-NP
+legal JJ I-NP
+battle NN I-NP
+with IN B-PP
+Warner NNP B-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+over IN B-PP
+the DT B-NP
+services NNS I-NP
+of IN B-PP
+producers NNS B-NP
+Peter NNP I-NP
+Guber NNP I-NP
+and CC I-NP
+Jon NNP I-NP
+Peters NNP I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+filing NN I-NP
+with IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , O
+Sony NNP B-NP
+also RB B-ADVP
+said VBD B-VP
+two CD B-NP
+more JJR I-NP
+suits NNS I-NP
+have VBP B-VP
+been VBN I-VP
+filed VBN I-VP
+opposing VBG B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+agreement NN I-NP
+to TO B-VP
+buy VB I-VP
+Columbia NNP B-NP
+. . O
+
+Sony NNP B-NP
+added VBD B-VP
+that IN B-SBAR
+a DT B-NP
+hearing NN I-NP
+has VBZ B-VP
+been VBN I-VP
+set VBN I-VP
+for IN B-PP
+Thursday NNP B-NP
+in IN B-PP
+the DT B-NP
+Delaware NNP I-NP
+Chancery NNP I-NP
+Court NNP I-NP
+in IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+suits NNS I-NP
+. . O
+
+Thursday NNP B-NP
+, , O
+October NNP B-NP
+19 CD I-NP
+, , I-NP
+1989 CD I-NP
+
+The DT B-NP
+key JJ I-NP
+U.S. NNP I-NP
+and CC I-NP
+foreign JJ I-NP
+annual JJ I-NP
+interest NN I-NP
+rates NNS I-NP
+below IN B-ADVP
+are VBP B-VP
+a DT B-NP
+guide NN I-NP
+to TO B-PP
+general JJ B-NP
+levels NNS I-NP
+but CC O
+do VBP B-VP
+n't RB I-VP
+always RB I-VP
+represent VB I-VP
+actual JJ B-NP
+transactions NNS I-NP
+. . O
+
+PRIME JJ B-NP
+RATE NN I-NP
+: : O
+10 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+base NN I-NP
+rate NN I-NP
+on IN B-PP
+corporate JJ B-NP
+loans NNS I-NP
+at IN B-PP
+large JJ B-NP
+U.S. NNP I-NP
+money NN I-NP
+center NN I-NP
+commercial JJ I-NP
+banks NNS I-NP
+. . O
+
+FEDERAL JJ B-NP
+FUNDS NNS I-NP
+: : O
+8 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+high JJ B-ADJP
+, , O
+8 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+low JJ B-ADJP
+, , O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+near IN B-PP
+closing VBG B-NP
+bid NN I-NP
+, , O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+offered VBN B-VP
+. . O
+
+Reserves NNS B-NP
+traded VBN B-VP
+among IN B-PP
+commercial JJ B-NP
+banks NNS I-NP
+for IN B-PP
+overnight JJ B-NP
+use NN I-NP
+in IN B-PP
+amounts NNS B-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+or CC I-NP
+more JJR I-NP
+. . O
+
+Source NN B-NP
+: : O
+Fulton NNP B-NP
+Prebon NNP I-NP
+-LRB- ( O
+U.S.A NNP O
+. . O
+-RRB- ) O
+Inc NNP B-NP
+. . O
+
+DISCOUNT NN B-NP
+RATE NN I-NP
+: : O
+7 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+on IN B-PP
+loans NNS B-NP
+to TO B-PP
+depository NN B-NP
+institutions NNS I-NP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Bank NNP I-NP
+. . O
+
+CALL NN B-NP
+MONEY NN I-NP
+: : O
+9 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+to TO O
+10 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+on IN B-PP
+loans NNS B-NP
+to TO B-PP
+brokers NNS B-NP
+on IN B-PP
+stock NN B-NP
+exchange NN I-NP
+collateral NN I-NP
+. . O
+
+COMMERCIAL JJ B-NP
+PAPER NN I-NP
+placed VBN B-VP
+directly RB B-ADVP
+by IN B-PP
+General NNP B-NP
+Motors NNPS I-NP
+Acceptance NNP I-NP
+Corp. NNP I-NP
+: : O
+8.45 CD B-NP
+% NN I-NP
+30 CD B-NP
+to TO I-NP
+44 CD I-NP
+days NNS I-NP
+; : O
+8.25 CD B-NP
+% NN I-NP
+45 CD B-NP
+to TO I-NP
+73 CD I-NP
+days NNS I-NP
+; : O
+8.325 CD B-NP
+% NN I-NP
+74 CD B-NP
+to TO I-NP
+99 CD I-NP
+days NNS I-NP
+; : O
+7.75 CD B-NP
+% NN I-NP
+100 CD B-NP
+to TO I-NP
+179 CD I-NP
+days NNS I-NP
+; : O
+7.50 CD B-NP
+% NN I-NP
+180 CD B-NP
+to TO I-NP
+270 CD I-NP
+days NNS I-NP
+. . O
+
+COMMERCIAL JJ B-NP
+PAPER NN I-NP
+: : O
+High-grade JJ B-NP
+unsecured JJ I-NP
+notes NNS I-NP
+sold VBN B-VP
+through IN B-PP
+dealers NNS B-NP
+by IN B-PP
+major JJ B-NP
+corporations NNS I-NP
+in IN B-PP
+multiples NNS B-NP
+of IN B-PP
+$ $ B-NP
+1,000 CD I-NP
+: : O
+8.525 CD B-NP
+% NN I-NP
+30 CD B-NP
+days NNS I-NP
+; : O
+8.425 CD B-NP
+% NN I-NP
+60 CD B-NP
+days NNS I-NP
+; : O
+8.375 CD B-NP
+% NN I-NP
+90 CD B-NP
+days NNS I-NP
+. . O
+
+CERTIFICATES NNS B-NP
+OF IN B-PP
+DEPOSIT NN B-NP
+: : O
+8.05 CD B-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8.02 CD B-NP
+% NN I-NP
+two CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+7.98 CD B-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+; : O
+7.95 CD B-NP
+% NN I-NP
+one CD B-NP
+year NN I-NP
+. . O
+
+Average NNP B-NP
+of IN B-PP
+top JJ B-NP
+rates NNS I-NP
+paid VBN B-VP
+by IN B-PP
+major JJ B-NP
+New NNP I-NP
+York NNP I-NP
+banks NNS I-NP
+on IN B-PP
+primary JJ B-NP
+new JJ I-NP
+issues NNS I-NP
+of IN B-PP
+negotiable JJ B-NP
+C.D.s NNS I-NP
+, , O
+usually RB B-ADVP
+on IN B-PP
+amounts NNS B-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+and CC I-NP
+more JJR I-NP
+. . O
+
+The DT B-NP
+minimum JJ I-NP
+unit NN I-NP
+is VBZ B-VP
+$ $ B-NP
+100,000 CD I-NP
+. . O
+
+Typical JJ B-NP
+rates NNS I-NP
+in IN B-PP
+the DT B-NP
+secondary JJ I-NP
+market NN I-NP
+: : O
+8.60 CD B-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8.60 CD B-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+8.45 CD B-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+. . O
+
+BANKERS NNS B-NP
+ACCEPTANCES NNS I-NP
+: : O
+8.45 CD B-NP
+% NN I-NP
+30 CD B-NP
+days NNS I-NP
+; : O
+8.32 CD B-NP
+% NN I-NP
+60 CD B-NP
+days NNS I-NP
+; : O
+8.32 CD B-NP
+% NN I-NP
+90 CD B-NP
+days NNS I-NP
+; : O
+8.17 CD B-NP
+% NN I-NP
+120 CD B-NP
+days NNS I-NP
+; : O
+8.08 CD B-NP
+% NN I-NP
+150 CD B-NP
+days NNS I-NP
+; : O
+7.98 CD B-NP
+% NN I-NP
+180 CD B-NP
+days NNS I-NP
+. . O
+
+Negotiable JJ B-NP
+, , I-NP
+bank-backed JJ I-NP
+business NN I-NP
+credit NN I-NP
+instruments NNS I-NP
+typically RB B-VP
+financing VBG I-VP
+an DT B-NP
+import NN I-NP
+order NN I-NP
+. . O
+
+LONDON NNP B-NP
+LATE JJ I-NP
+EURODOLLARS NNS I-NP
+: : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+two CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+four CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+7\/16 CD I-NP
+% NN I-NP
+five CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+7\/16 CD I-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+. . O
+
+LONDON NNP B-NP
+INTERBANK NNP I-NP
+OFFERED NNP I-NP
+RATES NNS I-NP
+-LRB- ( O
+LIBOR NNP B-NP
+-RRB- ) O
+: : O
+8 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+one CD B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+average NN I-NP
+of IN B-PP
+interbank NN B-NP
+offered VBD I-NP
+rates NNS I-NP
+for IN B-PP
+dollar NN B-NP
+deposits NNS I-NP
+in IN B-PP
+the DT B-NP
+London NNP I-NP
+market NN I-NP
+based VBN B-VP
+on IN B-PP
+quotations NNS B-NP
+at IN B-PP
+five CD B-NP
+major JJ I-NP
+banks NNS I-NP
+. . O
+
+FOREIGN JJ B-NP
+PRIME JJ I-NP
+RATES NNS I-NP
+: : O
+Canada NNP B-NP
+13.50 CD B-NP
+% NN I-NP
+; : O
+Germany NNP B-NP
+8.50 CD B-NP
+% NN I-NP
+; : O
+Japan NNP B-NP
+4.875 CD B-NP
+% NN I-NP
+; : O
+Switzerland NNP B-NP
+8.50 CD B-NP
+% NN I-NP
+; : O
+Britain NNP B-NP
+15 CD B-NP
+% NN I-NP
+. . O
+
+These DT B-NP
+rate NN I-NP
+indications NNS I-NP
+are VBP B-VP
+n't RB O
+directly RB B-ADJP
+comparable JJ I-ADJP
+; : O
+lending NN B-NP
+practices NNS I-NP
+vary VBP B-VP
+widely RB B-ADVP
+by IN B-PP
+location NN B-NP
+. . O
+
+TREASURY NN B-NP
+BILLS NNS I-NP
+: : O
+Results NNS B-NP
+of IN B-PP
+the DT B-NP
+Monday NNP I-NP
+, , I-NP
+October NNP I-NP
+16 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , I-NP
+auction NN I-NP
+of IN B-PP
+short-term NNP B-NP
+U.S. NNP I-NP
+government NN I-NP
+bills NNS I-NP
+, , O
+sold VBN B-VP
+at IN B-PP
+a DT B-NP
+discount NN I-NP
+from IN B-PP
+face NN B-NP
+value NN I-NP
+in IN B-PP
+units NNS B-NP
+of IN B-PP
+$ $ B-NP
+10,000 CD I-NP
+to TO I-NP
+$ $ I-NP
+1 CD I-NP
+million CD I-NP
+: : O
+7.37 CD B-NP
+% NN I-NP
+13 CD B-NP
+weeks NNS I-NP
+; : O
+7.42 CD B-NP
+% NN I-NP
+26 CD B-NP
+weeks NNS I-NP
+. . O
+
+FEDERAL NNP B-NP
+HOME NNP I-NP
+LOAN NNP I-NP
+MORTGAGE NNP I-NP
+CORP NNP I-NP
+. . O
+-LRB- ( O
+Freddie NNP B-NP
+Mac NNP I-NP
+-RRB- ) O
+: : O
+Posted VBN B-NP
+yields NNS I-NP
+on IN B-PP
+30-year JJ B-NP
+mortgage NN I-NP
+commitments NNS I-NP
+for IN B-PP
+delivery NN B-NP
+within IN B-PP
+30 CD B-NP
+days NNS I-NP
+. . O
+
+9.87 CD B-NP
+% NN I-NP
+, , O
+standard JJ B-NP
+conventional JJ I-NP
+fixed-rate JJ I-NP
+mortgages NNS I-NP
+; : O
+7.875 CD B-NP
+% NN I-NP
+, , O
+2 CD B-NP
+% NN I-NP
+rate NN I-NP
+capped VBD I-NP
+one-year JJ I-NP
+adjustable JJ I-NP
+rate NN I-NP
+mortgages NNS I-NP
+. . O
+
+Source NN B-NP
+: : O
+Telerate NNP B-NP
+Systems NNP I-NP
+Inc NNP I-NP
+. . O
+
+FEDERAL NNP B-NP
+NATIONAL NNP I-NP
+MORTGAGE NNP I-NP
+ASSOCIATION NNP I-NP
+-LRB- ( O
+Fannie NNP B-NP
+Mae NNP I-NP
+-RRB- ) O
+: : O
+Posted VBN B-NP
+yields NNS I-NP
+on IN B-PP
+30 CD B-NP
+year NN I-NP
+mortgage NN I-NP
+commitments NNS I-NP
+for IN B-PP
+delivery NN B-NP
+within IN B-PP
+30 CD B-NP
+days NNS I-NP
+-LRB- ( O
+priced VBN B-VP
+at IN B-PP
+par NN B-NP
+-RRB- ) O
+9.81 CD B-NP
+% NN I-NP
+, , O
+standard JJ B-NP
+conventional JJ I-NP
+fixed-rate JJ I-NP
+mortgages NNS I-NP
+; : O
+8.70 CD B-NP
+% NN I-NP
+, , O
+6\/2 CD B-NP
+rate NN I-NP
+capped VBD I-NP
+one-year JJ I-NP
+adjustable JJ I-NP
+rate NN I-NP
+mortgages NNS I-NP
+. . O
+
+Source NN B-NP
+: : O
+Telerate NNP B-NP
+Systems NNP I-NP
+Inc NNP I-NP
+. . O
+
+MERRILL NNP B-NP
+LYNCH NNP I-NP
+READY NNP I-NP
+ASSETS NNP I-NP
+TRUST NNP I-NP
+: : O
+8.50 CD B-NP
+% NN I-NP
+. . O
+
+Annualized VBN B-NP
+average JJ I-NP
+rate NN I-NP
+of IN B-PP
+return NN B-NP
+after IN B-PP
+expenses NNS B-NP
+for IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+days NNS I-NP
+; : O
+not RB B-NP
+a DT I-NP
+forecast NN I-NP
+of IN B-PP
+future NN B-NP
+returns NNS I-NP
+. . O
+
+China NNP B-NP
+said VBD B-VP
+the DT B-NP
+question NN I-NP
+of IN B-PP
+Taiwan NNP B-NP
+'s POS B-NP
+membership NN I-NP
+in IN B-PP
+the DT B-NP
+General NNP I-NP
+Agreement NNP I-NP
+on IN B-PP
+Tariffs NNPS B-NP
+and CC I-NP
+Trade NNP I-NP
+should MD B-VP
+be VB I-VP
+considered VBN I-VP
+only RB B-SBAR
+after IN I-SBAR
+China NNP B-NP
+'s POS B-NP
+own JJ I-NP
+membership NN I-NP
+in IN B-PP
+the DT B-NP
+97-nation JJ I-NP
+organization NN I-NP
+is VBZ B-VP
+restored VBN I-VP
+. . O
+
+Both DT B-NP
+China NNP I-NP
+and CC I-NP
+Taiwan NNP I-NP
+are VBP B-VP
+seeking VBG I-VP
+seats NNS B-NP
+in IN B-PP
+GATT NNP B-NP
+, , O
+which WDT B-NP
+sponsors VBZ B-VP
+trade-liberalizing JJ B-NP
+agreements NNS I-NP
+and CC O
+sets VBZ B-VP
+world-commerce JJ B-NP
+rules NNS I-NP
+. . O
+
+`` `` O
+As IN B-PP
+one CD B-NP
+of IN B-PP
+China NNP B-NP
+'s POS B-NP
+provinces NNS I-NP
+, , O
+Taiwan NNP B-NP
+has VBZ B-VP
+no DT B-NP
+right NN I-NP
+to TO B-VP
+join VB I-VP
+GATT NNP B-NP
+on IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+, , O
+'' '' O
+Foreign NNP B-NP
+Ministry NNP I-NP
+spokesman NN I-NP
+Li NNP I-NP
+Zhaoxing NNP I-NP
+said VBD B-VP
+. . O
+
+China NNP B-NP
+, , O
+under IN B-PP
+the DT B-NP
+Nationalist JJ I-NP
+government NN I-NP
+of IN B-PP
+Chiang NNP B-NP
+Kai-shek NNP I-NP
+, , O
+was VBD B-VP
+a DT B-NP
+founding NN I-NP
+member NN I-NP
+of IN B-PP
+GATT NNP B-NP
+in IN B-PP
+1947 CD B-NP
+. . O
+
+The DT B-NP
+Nationalists NNPS I-NP
+withdrew VBD B-VP
+in IN B-PP
+1950 CD B-NP
+, , O
+after IN B-PP
+their PRP$ B-NP
+flight NN I-NP
+to TO B-PP
+Taiwan NNP B-NP
+, , O
+and CC O
+the DT B-NP
+Communist NNP I-NP
+government NN I-NP
+in IN B-PP
+Beijing NNP B-NP
+applied VBD B-VP
+for IN B-PP
+restoration NN B-NP
+of IN B-PP
+China NNP B-NP
+'s POS B-NP
+membership NN I-NP
+in IN B-PP
+July NNP B-NP
+1986 CD I-NP
+. . O
+
+The DT B-NP
+U.S. NNP I-NP
+has VBZ B-VP
+voiced VBN I-VP
+opposition NN B-NP
+to TO B-PP
+China NNP B-NP
+'s POS B-NP
+bid NN I-NP
+for IN B-PP
+GATT NNP B-NP
+membership NN I-NP
+, , O
+saying VBG B-VP
+China NNP B-NP
+has VBZ B-VP
+yet RB I-VP
+to TO I-VP
+undertake VB I-VP
+needed VBN B-NP
+economic JJ I-NP
+reforms NNS I-NP
+. . O
+
+Japan NNP B-NP
+'s POS B-NP
+biggest JJS O
+women NNS B-NP
+'s POS B-NP
+underwear NN I-NP
+maker NN I-NP
+, , O
+Wacoal NNP B-NP
+Corp. NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+developed VBD B-VP
+a DT B-NP
+sports NNS I-NP
+car NN I-NP
+that IN B-NP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+market VB I-VP
+in IN B-PP
+two CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+`` `` I-NP
+Jiotto NNP I-NP
+Caspita NNP I-NP
+'' '' O
+can MD B-VP
+run VB I-VP
+at IN B-PP
+over IN B-NP
+188 CD I-NP
+miles NNS I-NP
+an DT B-NP
+hour NN I-NP
+, , O
+a DT B-NP
+company NN I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+base NN I-NP
+price NN I-NP
+of IN B-PP
+the DT B-NP
+car NN I-NP
+is VBZ B-VP
+estimated VBN I-VP
+at IN B-PP
+30 CD B-NP
+million CD I-NP
+yen NN I-NP
+-LRB- ( O
+about RB B-NP
+$ $ I-NP
+213,000 CD I-NP
+-RRB- ) O
+. . O
+
+Wacoal NNP B-NP
+said VBD B-VP
+it PRP B-NP
+intends VBZ B-VP
+to TO I-VP
+produce VB I-VP
+the DT B-NP
+cars NNS I-NP
+through IN B-PP
+a DT B-NP
+car NN I-NP
+manufacturer NN I-NP
+. . O
+
+Along IN B-PP
+with IN B-PP
+the DT B-NP
+car NN I-NP
+, , O
+Wacoal NNP B-NP
+plans VBZ B-VP
+to TO I-VP
+launch VB I-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+Caspita-brand JJ B-NP
+men NNS I-NP
+'s POS B-NP
+underwear NN I-NP
+. . O
+
+`` `` O
+Our PRP$ B-NP
+image NN I-NP
+is VBZ B-VP
+a DT B-NP
+company NN I-NP
+that WDT B-NP
+makes VBZ B-VP
+women NNS B-NP
+'s POS B-NP
+products NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+a DT B-NP
+Wacoal NNP I-NP
+spokesman NN I-NP
+. . O
+
+`` `` O
+Now RB B-ADVP
+, , O
+we PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+sell VB I-VP
+to TO B-PP
+men NNS B-NP
+. . O
+'' '' O
+
+The DT B-NP
+British JJ I-NP
+satirical JJ I-NP
+magazine NN I-NP
+Private NNP I-NP
+Eye NNP I-NP
+won VBD B-VP
+an DT B-NP
+appeal NN I-NP
+against IN B-PP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+960,000 CD I-NP
+libel NN I-NP
+award NN I-NP
+to TO B-PP
+Sonia NNP B-NP
+Sutcliffe NNP I-NP
+, , O
+the DT B-NP
+estranged VBN I-NP
+wife NN I-NP
+of IN B-PP
+the DT B-NP
+`` `` I-NP
+Yorkshire NNP I-NP
+Ripper NNP I-NP
+'' '' I-NP
+mass NN I-NP
+murderer NN I-NP
+. . O
+
+An DT B-NP
+appeals-court NN I-NP
+panel NN I-NP
+slashed VBD B-VP
+all DT B-NP
+but CC I-NP
+$ $ I-NP
+40,000 CD I-NP
+from IN B-PP
+the DT B-NP
+award NN I-NP
+, , O
+the DT B-NP
+largest JJS I-NP
+ever RB B-VP
+set VBN I-VP
+by IN B-PP
+a DT B-NP
+British JJ I-NP
+jury NN I-NP
+, , O
+pending VBG B-PP
+a DT B-NP
+reassessment NN I-NP
+of IN B-PP
+the DT B-NP
+damages NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+panel NN I-NP
+dismissed VBD B-VP
+the DT B-NP
+magazine NN I-NP
+'s POS B-NP
+contention NN I-NP
+that IN B-SBAR
+it PRP B-NP
+had VBD B-VP
+n't RB I-VP
+libeled VBN I-VP
+Mrs. NNP B-NP
+Sutcliffe NNP I-NP
+when WRB B-ADVP
+it PRP B-NP
+accused VBD B-VP
+her PRP B-NP
+of IN B-PP
+trying VBG B-VP
+to TO I-VP
+sell VB I-VP
+her PRP$ B-NP
+story NN I-NP
+to TO B-VP
+capitalize VB I-VP
+on IN B-PP
+the DT B-NP
+notoriety NN I-NP
+of IN B-PP
+her PRP$ B-NP
+husband NN I-NP
+. . O
+
+Private NNP B-NP
+Eye NNP I-NP
+had VBD B-VP
+been VBN I-VP
+threatened VBN I-VP
+with IN B-PP
+closure NN B-NP
+because IN B-SBAR
+it PRP B-NP
+could MD B-VP
+n't RB I-VP
+afford VB I-VP
+the DT B-NP
+libel NN I-NP
+payment NN I-NP
+. . O
+
+Senshukai NNP B-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+travel NN I-NP
+agent NN I-NP
+based VBN B-VP
+in IN B-PP
+Osaka NNP B-NP
+, , O
+Japan NNP B-NP
+, , O
+announced VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+and CC O
+Nissho NNP B-NP
+Iwai NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+major JJ I-NP
+Japanese JJ I-NP
+trading NN I-NP
+house NN I-NP
+, , O
+will MD B-VP
+jointly RB I-VP
+build VB I-VP
+a DT B-NP
+130-unit JJ I-NP
+condominium NN I-NP
+in IN B-PP
+Queensland NNP B-NP
+, , O
+Australia NNP B-NP
+. . O
+
+Senshukai NNP B-NP
+said VBD B-VP
+the DT B-NP
+partners NNS I-NP
+plan VBP B-VP
+to TO I-VP
+rent VB I-VP
+to TO B-PP
+tourists NNS B-NP
+but CC O
+will MD B-VP
+also RB I-VP
+sell VB I-VP
+to TO B-PP
+interested JJ B-NP
+parties NNS I-NP
+. . O
+
+Senshukai NNP B-NP
+has VBZ B-VP
+a DT B-NP
+60 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+venture NN I-NP
+and CC O
+Nissho NNP B-NP
+Iwai NNP I-NP
+has VBZ B-VP
+the DT B-NP
+rest NN I-NP
+. . O
+
+Construction NN B-NP
+of IN B-PP
+the DT B-NP
+34-floor JJ I-NP
+building NN I-NP
+will MD B-VP
+begin VB I-VP
+next JJ B-NP
+May NNP I-NP
+and CC O
+should MD B-VP
+be VB I-VP
+completed VBN I-VP
+in IN B-PP
+April NNP B-NP
+1992 CD I-NP
+. . O
+
+Units NNP B-NP
+will MD B-VP
+cost VB I-VP
+from IN B-NP
+500,000 CD I-NP
+to TO I-NP
+3.5 CD I-NP
+million CD I-NP
+Australian JJ I-NP
+dollars NNS I-NP
+-LRB- ( O
+about IN B-NP
+US$ $ I-NP
+386,000 CD I-NP
+to TO I-NP
+US$ $ I-NP
+2.7 CD I-NP
+million CD I-NP
+-RRB- ) O
+. . O
+
+The DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+has VBZ B-VP
+halted VBN I-VP
+construction NN B-NP
+of IN B-PP
+two CD B-NP
+Chernobyl-type JJ I-NP
+nuclear JJ I-NP
+reactors NNS I-NP
+and CC O
+is VBZ B-VP
+reassessing VBG I-VP
+the DT B-NP
+future NN I-NP
+of IN B-PP
+12 CD B-NP
+other JJ I-NP
+existing VBG I-NP
+reactors NNS I-NP
+. . O
+
+Viktor NNP B-NP
+Sidorenko NNP I-NP
+, , O
+vice NN B-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+State NNP I-NP
+Committee NNP I-NP
+on IN B-PP
+Nuclear NNP B-NP
+Safety NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+two CD I-NP
+reactors NNS I-NP
+were VBD B-VP
+at IN B-PP
+Kursk NNP B-NP
+and CC I-NP
+Smolensk NNP I-NP
+. . O
+
+News NNS B-NP
+of IN B-PP
+the DT B-NP
+halt NN I-NP
+comes VBZ B-VP
+amid IN B-PP
+growing VBG B-NP
+anger NN I-NP
+in IN B-PP
+the DT B-NP
+Ukraine NNP I-NP
+and CC O
+Byelorussia NNP B-NP
+over IN B-PP
+continuing VBG B-NP
+high JJ I-NP
+levels NNS I-NP
+of IN B-PP
+radiation NN B-NP
+from IN B-PP
+Chernobyl NNP B-NP
+. . O
+
+A DT B-NP
+former JJ I-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+the DT B-NP
+Singapore NNP I-NP
+branch NN I-NP
+of IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+was VBD B-VP
+charged VBN I-VP
+in IN B-PP
+court NN B-NP
+yesterday NN B-NP
+on IN B-PP
+19 CD B-NP
+counts NNS I-NP
+of IN B-PP
+cheating NN B-NP
+. . O
+
+Francis NNP B-NP
+Dang NNP I-NP
+, , O
+41 CD B-NP
+, , O
+is VBZ B-VP
+alleged VBN I-VP
+to TO I-VP
+have VB I-VP
+been VBN I-VP
+involved VBN I-VP
+in IN B-PP
+cheating NN B-VP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+of IN B-PP
+up IN B-NP
+to TO I-NP
+2.1 CD I-NP
+million CD I-NP
+Singapore NNP I-NP
+dollars NNS I-NP
+-LRB- ( O
+US$ $ B-NP
+1.1 CD I-NP
+million CD I-NP
+-RRB- ) O
+by IN B-PP
+carrying VBG B-VP
+out RP B-PRT
+unauthorized JJ B-NP
+transactions NNS I-NP
+on IN B-PP
+the DT B-NP
+London NNP I-NP
+Commodities NNP I-NP
+Exchange NNP I-NP
+and CC O
+the DT B-NP
+International NNP I-NP
+Petroleum NNP I-NP
+Exchange NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Dang NNP I-NP
+is VBZ B-VP
+alleged VBN I-VP
+to TO I-VP
+have VB I-VP
+used VBN I-VP
+the DT B-NP
+account NN I-NP
+of IN B-PP
+Singapore NNP B-NP
+hotel NN I-NP
+and CC I-NP
+property NN I-NP
+magnate NN I-NP
+Ong NNP I-NP
+Beng NNP I-NP
+Seng NNP I-NP
+to TO B-VP
+effect VB I-VP
+the DT B-NP
+transactions NNS I-NP
+. . O
+
+Japan NNP B-NP
+says VBZ B-VP
+its PRP$ B-NP
+economic JJ I-NP
+growth NN I-NP
+will MD B-VP
+fall VB I-VP
+sharply RB B-ADVP
+if IN B-SBAR
+it PRP B-NP
+cuts VBZ B-VP
+back RB B-ADVP
+on IN B-PP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+oil NN B-NP
+, , I-NP
+coal NN I-NP
+and CC I-NP
+gas NN I-NP
+to TO B-VP
+cap VB I-VP
+emissions NNS B-NP
+of IN B-PP
+carbon NN B-NP
+dioxide NN I-NP
+. . O
+
+A DT O
+Ministry NNP O
+of IN B-PP
+International NNP B-NP
+Trade NNP I-NP
+and CC I-NP
+Industry NN I-NP
+official NN B-NP
+said VBD B-VP
+that IN B-SBAR
+a DT B-NP
+study NN I-NP
+found VBD B-VP
+that IN B-SBAR
+Japan NNP B-NP
+'s POS B-NP
+annual JJ I-NP
+economic JJ I-NP
+growth NN I-NP
+rate NN I-NP
+would MD B-VP
+eventually RB I-VP
+be VB I-VP
+only RB B-NP
+0.8 CD I-NP
+% NN I-NP
+if IN B-SBAR
+carbon-dioxide NN B-NP
+emissions NNS I-NP
+remained VBD B-VP
+at IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+level NN I-NP
+of IN B-PP
+300 CD B-NP
+million CD I-NP
+tons NNS I-NP
+. . O
+
+The DT B-NP
+study NN I-NP
+will MD B-VP
+support VB I-VP
+arguments NNS B-NP
+against IN B-PP
+capping VBG B-VP
+carbon-dioxide NN B-NP
+emissions NNS I-NP
+that IN B-NP
+Japan NNP B-NP
+will MD B-VP
+make VB I-VP
+at IN B-PP
+a DT B-NP
+U.N.-backed JJ I-NP
+conference NN I-NP
+on IN B-PP
+atmospheric JJ B-NP
+pollution NN I-NP
+next JJ B-NP
+month NN I-NP
+. . O
+
+The DT B-NP
+study NN I-NP
+said VBD B-VP
+Japan NNP B-NP
+'s POS B-NP
+carbon-dioxide NN I-NP
+emissions NNS I-NP
+would MD B-VP
+slightly RB I-VP
+more JJR I-VP
+than IN I-VP
+double JJ I-VP
+by IN B-PP
+2010 CD B-NP
+unless IN B-SBAR
+the DT B-NP
+nation NN I-NP
+reduced VBD B-VP
+its PRP$ B-NP
+dependence NN I-NP
+on IN B-PP
+fossil JJ B-NP
+fuels NNS I-NP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+that IN B-SBAR
+expanding VBG B-VP
+nuclear-power JJ B-NP
+capability NN I-NP
+is VBZ B-VP
+the DT B-NP
+quickest JJS I-NP
+way NN I-NP
+to TO B-VP
+lessen VB I-VP
+that DT B-NP
+dependence NN I-NP
+. . O
+
+But CC O
+increased VBN B-NP
+reliance NN I-NP
+on IN B-PP
+nuclear JJ B-NP
+power NN I-NP
+would MD B-VP
+meet VB I-VP
+stiff JJ B-NP
+opposition NN I-NP
+from IN B-PP
+environmentalists NNS B-NP
+, , O
+a DT B-NP
+second JJ I-NP
+ministry NN I-NP
+official NN I-NP
+said VBD B-VP
+. . O
+
+Just RB B-PP
+in IN I-PP
+time NN B-NP
+for IN B-PP
+Halloween NNP B-NP
+, , O
+Britain NNP B-NP
+'s POS B-NP
+Oxford NNP I-NP
+University NNP I-NP
+Press NNP I-NP
+is VBZ B-VP
+publishing VBG I-VP
+a DT B-NP
+`` `` I-NP
+Dictionary NNP I-NP
+of IN B-PP
+Superstitions NNPS B-NP
+. . O
+'' '' O
+
+The DT B-NP
+books NNS I-NP
+1,500 CD B-NP
+entries NNS I-NP
+include VBP B-VP
+stepping VBG I-VP
+on IN B-PP
+cracks NNS B-NP
+and CC O
+knocking VBG B-VP
+on IN B-PP
+wood NN B-NP
+... : O
+. . O
+
+In IN B-PP
+New NNP B-NP
+Zealand NNP I-NP
+'s POS B-NP
+tiny JJ I-NP
+township NN I-NP
+of IN B-PP
+Kaitaia NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+had VBN I-VP
+direct JJ B-NP
+dialing NN I-NP
+for IN B-PP
+less JJR B-NP
+than IN I-NP
+a DT I-NP
+year NN I-NP
+, , O
+about IN B-NP
+30 CD I-NP
+angry JJ I-NP
+phone-company NN I-NP
+customers NNS I-NP
+questioned VBD B-VP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+their PRP$ B-NP
+bills NNS I-NP
+. . O
+
+It PRP B-NP
+turned VBD B-VP
+out RP B-PRT
+their PRP$ B-NP
+children NNS I-NP
+had VBD B-VP
+been VBN I-VP
+dialing VBG I-VP
+a DT B-NP
+`` `` I-NP
+sex NN I-NP
+fantasy NN I-NP
+'' '' I-NP
+service NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+Slowing VBG B-NP
+sales NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+profitable JJ I-NP
+Jeep NNP I-NP
+Cherokee NNP I-NP
+and CC I-NP
+Wagoneer NNP I-NP
+sport NN I-NP
+utility NN I-NP
+vehicles NNS I-NP
+are VBP B-VP
+forcing VBG I-VP
+Chrysler NNP B-NP
+Corp. NNP I-NP
+to TO B-VP
+temporarily RB I-VP
+idle JJ I-VP
+its PRP$ B-NP
+Toledo NNP I-NP
+, , I-NP
+Ohio NNP I-NP
+, , I-NP
+assembly NN I-NP
+plant NN I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+since IN B-PP
+April NNP B-NP
+1986 CD I-NP
+. . O
+
+About IN B-NP
+5,500 CD I-NP
+hourly JJ I-NP
+workers NNS I-NP
+will MD B-VP
+be VB I-VP
+laid VBN I-VP
+off IN B-PRT
+for IN B-PP
+a DT B-NP
+week NN I-NP
+beginning VBG O
+Oct. NNP B-NP
+23 CD I-NP
+, , O
+and CC O
+overtime NN B-NP
+has VBZ B-VP
+been VBN I-VP
+eliminated VBN I-VP
+at IN B-PP
+the DT B-NP
+plant NN I-NP
+for IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+, , O
+a DT B-NP
+Chrysler NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+a DT B-NP
+significant JJ I-NP
+change NN I-NP
+from IN B-PP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+when WRB B-ADVP
+the DT B-NP
+plant NN I-NP
+worked VBD B-VP
+substantial JJ B-NP
+overtime NN I-NP
+only RB B-ADVP
+to TO B-VP
+have VB I-VP
+sales NNS B-NP
+fall VB B-VP
+short NN B-ADVP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+bullish JJ I-NP
+expectations NNS I-NP
+. . O
+
+Sales NNS B-NP
+of IN B-PP
+Cherokee NNP B-NP
+, , O
+the DT B-NP
+best-selling JJ I-NP
+Jeep NN I-NP
+, , O
+and CC O
+the DT B-NP
+lower-volume JJ I-NP
+Wagoneer NNP I-NP
+were VBD B-VP
+actually RB B-ADVP
+up IN B-ADVP
+about IN B-NP
+10 CD I-NP
+% NN I-NP
+through IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+last JJ B-NP
+month NN I-NP
+. . O
+
+But CC O
+that DT B-NP
+'s VBZ B-VP
+less JJR B-ADJP
+than IN B-SBAR
+Chrysler NNP B-NP
+officials NNS I-NP
+had VBD B-VP
+hoped VBN I-VP
+when WRB B-ADVP
+they PRP B-NP
+set VBD B-VP
+ambitious JJ B-NP
+production NN I-NP
+schedules NNS I-NP
+for IN B-PP
+the DT B-NP
+Toledo NNP I-NP
+plant NN I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+. . O
+
+Even RB B-ADVP
+when WRB B-ADVP
+it PRP B-NP
+became VBD B-VP
+clear VB B-ADJP
+this DT B-NP
+spring NN I-NP
+that DT O
+demand NN B-NP
+was VBD B-VP
+n't RB I-VP
+coming VBG I-VP
+up IN B-PP
+to TO B-PP
+expectations NNS B-NP
+, , O
+Chrysler NNP B-NP
+officials NNS I-NP
+`` `` B-VP
+resisted VBN I-VP
+'' '' O
+cutting VBG B-VP
+output NN B-NP
+because IN B-SBAR
+Cherokee NNP B-NP
+and CC I-NP
+Wagoneer NNP I-NP
+are VBP B-VP
+`` `` O
+very RB B-NP
+profitable JJ I-NP
+vehicles NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+Instead RB B-ADVP
+, , O
+Chrysler NNP B-NP
+officials NNS I-NP
+in IN B-PP
+late JJ B-NP
+May NNP I-NP
+slapped VBD B-VP
+$ $ B-NP
+1,000 CD I-NP
+cash NN I-NP
+rebates NNS I-NP
+on IN B-PP
+the DT B-NP
+vehicles NNS I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+first JJ I-NP
+such JJ I-NP
+incentives NNS I-NP
+on IN B-PP
+the DT B-NP
+popular JJ I-NP
+four-door JJ I-NP
+Cherokee NNP I-NP
+since IN B-SBAR
+Chrysler NNP B-NP
+bought VBD B-VP
+Jeep NN B-NP
+in IN B-PP
+1987 CD B-NP
+. . O
+
+The DT B-NP
+incentives NNS I-NP
+boosted VBD B-VP
+sales NNS B-NP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+, , O
+but CC O
+the DT B-NP
+pace NN I-NP
+had VBD B-VP
+cooled VBN I-VP
+by IN B-PP
+last JJ B-NP
+month NN I-NP
+. . O
+
+The DT B-NP
+result NN I-NP
+: : O
+Chrysler NNP B-NP
+dealers NNS I-NP
+had VBD B-VP
+a DT B-NP
+bloated JJ I-NP
+82-day JJ I-NP
+supply NN I-NP
+of IN B-PP
+the DT B-NP
+Cherokee NNP I-NP
+as IN B-PP
+of IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+last JJ B-NP
+month NN I-NP
+and CC O
+a DT B-NP
+161-day JJ I-NP
+supply NN I-NP
+of IN B-PP
+the DT B-NP
+Comanche NNP I-NP
+pickup NN I-NP
+, , O
+which WDT B-NP
+Toledo NNP B-NP
+also RB B-ADVP
+builds VBZ B-VP
+. . O
+
+A DT B-NP
+60-day JJ I-NP
+to TO I-NP
+65-day VB I-NP
+supply NN I-NP
+is VBZ B-VP
+considered VBN I-VP
+normal JJ B-ADJP
+. . O
+
+At IN B-PP
+Jasper NNP B-NP
+Jeep-Eagle NNP I-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+largest JJS I-NP
+Jeep NN I-NP
+dealerships NNS I-NP
+in IN B-PP
+the DT B-NP
+country NN I-NP
+, , O
+inventories NNS B-NP
+have VBP B-VP
+continued VBN I-VP
+to TO I-VP
+swell VB I-VP
+. . O
+
+Steve NNP B-NP
+Lowe NNP I-NP
+, , O
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+Jasper NNP B-NP
+, , I-NP
+Ga. NNP I-NP
+, , I-NP
+dealership NN I-NP
+, , O
+said VBD B-VP
+new JJ B-NP
+rebates NNS I-NP
+of IN B-PP
+$ $ B-NP
+500 CD I-NP
+to TO I-NP
+$ $ I-NP
+1,000 CD I-NP
+on IN B-PP
+the DT B-NP
+models NNS I-NP
+have VBP B-VP
+stimulated VBN I-VP
+sales NNS B-NP
+, , O
+but CC O
+not RB B-ADVP
+enough RB I-ADVP
+to TO B-VP
+significantly RB I-VP
+cut VB I-VP
+dealer NN B-NP
+stocks NNS I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+people NNS B-NP
+are VBP B-VP
+n't RB I-VP
+buying VBG I-VP
+, , O
+you PRP B-NP
+have VBP B-VP
+to TO I-VP
+close VB I-VP
+plants NNS B-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Separately RB B-ADVP
+, , O
+Chrysler NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+idle VB I-VP
+for IN B-PP
+four CD B-NP
+weeks NNS I-NP
+the DT B-NP
+St. NNP I-NP
+Louis NNP I-NP
+assembly NN I-NP
+plant NN I-NP
+that WDT B-NP
+builds VBZ B-VP
+the DT B-NP
+Chrysler NNP I-NP
+LeBaron NNP I-NP
+and CC I-NP
+Dodge NNP I-NP
+Daytona NNP I-NP
+models NNS I-NP
+. . O
+
+Chrysler NNP B-NP
+officials NNS I-NP
+said VBD B-VP
+the DT B-NP
+plant NN I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+resume VB I-VP
+production NN B-NP
+on IN B-PP
+Nov. NNP B-NP
+20. CD I-NP
+, , O
+and CC O
+3,300 CD B-NP
+hourly JJ I-NP
+workers NNS I-NP
+will MD B-VP
+be VB I-VP
+affected VBN I-VP
+. . O
+
+General NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+idle VB I-VP
+for IN B-PP
+yet RB B-NP
+another DT I-NP
+week NN I-NP
+its PRP$ B-NP
+Linden NNP I-NP
+, , I-NP
+N.J. NNP I-NP
+, , I-NP
+assembly NN I-NP
+plant NN I-NP
+, , O
+bringing VBG B-VP
+to TO B-PP
+three CD B-NP
+weeks NNS I-NP
+the DT B-NP
+total JJ I-NP
+time NN I-NP
+that DT B-NP
+plant NN I-NP
+will MD B-VP
+be VB I-VP
+idled VBN I-VP
+during IN B-PP
+October NNP B-NP
+. . O
+
+GM NNP B-NP
+said VBD B-VP
+the DT B-NP
+assembly NN I-NP
+plant NN I-NP
+, , O
+which WDT B-NP
+builds VBZ B-VP
+the DT B-NP
+Chevrolet NNP I-NP
+Corsica NNP I-NP
+and CC I-NP
+Beretta NNP I-NP
+compact JJ I-NP
+cars NNS I-NP
+, , O
+originally RB B-VP
+was VBD I-VP
+scheduled VBN I-VP
+to TO I-VP
+reopen VB I-VP
+Monday NNP B-NP
+but CC O
+now RB B-VP
+will MD I-VP
+not RB I-VP
+resume VB I-VP
+production NN B-NP
+until IN B-PP
+Oct. NNP B-NP
+30 CD I-NP
+. . O
+
+The DT B-NP
+shutdown NN I-NP
+affects VBZ B-VP
+3,000 CD B-NP
+workers NNS I-NP
+and CC O
+will MD B-VP
+cut VB I-VP
+output NN B-NP
+by IN B-PP
+about IN B-NP
+4,320 CD I-NP
+cars NNS I-NP
+. . O
+
+Sluggish JJ B-NP
+sales NNS I-NP
+of IN B-PP
+the DT B-NP
+Beretta NNP I-NP
+and CC I-NP
+Corsica NNP I-NP
+spurred VBD B-VP
+GM NNP B-NP
+to TO B-VP
+offer VB I-VP
+$ $ B-NP
+800 CD I-NP
+rebates NNS I-NP
+on IN B-PP
+those DT B-NP
+cars NNS I-NP
+. . O
+
+The DT B-NP
+Corsica NNP I-NP
+and CC I-NP
+Beretta NNP I-NP
+make VB B-VP
+up IN B-PRT
+the DT B-NP
+highest-volume JJ I-NP
+car NN I-NP
+line NN I-NP
+at IN B-PP
+Chevrolet NNP B-NP
+, , O
+but CC O
+sales NNS B-NP
+of IN B-PP
+the DT B-NP
+cars NNS I-NP
+are VBP B-VP
+off IN B-ADVP
+9.6 CD B-NP
+% NN I-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+and CC O
+fell VBD B-VP
+a DT B-NP
+steep JJ I-NP
+34.2 CD I-NP
+% NN I-NP
+early JJ B-NP
+this DT I-NP
+month NN I-NP
+. . O
+
+GM NNP B-NP
+has VBZ B-VP
+scheduled VBN I-VP
+overtime NN B-NP
+at IN B-PP
+its PRP$ B-NP
+Lordstown NNP I-NP
+, , I-NP
+Ohio NNP I-NP
+, , I-NP
+and CC I-NP
+Janesville NNP I-NP
+, , I-NP
+Wis. NNP I-NP
+, , I-NP
+assembly NN I-NP
+plants NNS I-NP
+, , O
+which WDT B-NP
+build VBP B-VP
+the DT B-NP
+Chevrolet NNP I-NP
+Cavalier NNP I-NP
+. . O
+
+Ford NNP B-NP
+Motor NNP I-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+shut VB I-VP
+down RB B-PRT
+for IN B-PP
+one CD B-NP
+week NN I-NP
+its PRP$ B-NP
+Kentucky NNP I-NP
+Truck NNP I-NP
+Plant NNP I-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+`` `` I-NP
+shortage NN I-NP
+of IN B-PP
+dealer NN B-NP
+orders NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+shutdown NN I-NP
+will MD B-VP
+idle VB I-VP
+2,000 CD B-NP
+hourly JJ I-NP
+employees NNS I-NP
+and CC O
+eliminate VB B-VP
+production NN B-NP
+of IN B-PP
+about IN B-NP
+1,300 CD I-NP
+medium NN I-NP
+and CC I-NP
+heavy JJ I-NP
+duty NN I-NP
+trucks NNS I-NP
+. . O
+
+The DT B-NP
+assembly NN I-NP
+plant NN I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+resume VB I-VP
+production NN B-NP
+on IN B-PP
+Oct. NNP B-NP
+30 CD I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+nine CD I-NP
+major JJ I-NP
+U.S. NNP I-NP
+auto NN I-NP
+makers NNS I-NP
+plan VBP B-VP
+to TO I-VP
+build VB I-VP
+143,178 CD B-NP
+cars NNS I-NP
+this DT B-NP
+week NN I-NP
+, , O
+down RB B-ADVP
+11.7 CD B-NP
+% NN I-NP
+from IN B-PP
+162,190 CD B-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+and CC O
+flat JJ B-ADJP
+with IN B-PP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+142,117 CD I-NP
+car NN I-NP
+output NN I-NP
+. . O
+
+f NN B-NP
+- : O
+Includes VBZ B-VP
+Chevrolet NNP B-NP
+Prizm NNP I-NP
+and CC O
+Toyota NNP B-NP
+Corolla NNP I-NP
+. . O
+
+r NN B-NP
+- : O
+Revised NNP B-VP
+. . O
+
+x NN B-NP
+- : O
+Year-to-date JJ B-NP
+1988 CD I-NP
+figure NN I-NP
+includes VBZ B-VP
+Volkswagen NNP B-NP
+domestic-production NN I-NP
+through IN B-PP
+July NNP B-NP
+. . O
+
+LOTUS NNP B-NP
+DEVELOPMENT NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+net JJ I-NP
+income NN I-NP
+rose VBD B-VP
+61 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+from IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Yesterday NN B-NP
+'s POS B-NP
+edition NN I-NP
+misstated VBD B-VP
+the DT B-NP
+percentage NN I-NP
+increase NN I-NP
+. . O
+
+First NNP B-NP
+Fidelity NNP I-NP
+Bancorp. NNP I-NP
+, , O
+Lawrenceville NNP B-NP
+, , O
+N.J. NNP B-NP
+, , O
+reported VBD B-VP
+a DT B-NP
+24 CD I-NP
+% NN I-NP
+drop NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+profit NN I-NP
+, , O
+because IN B-PP
+of IN I-PP
+a DT B-NP
+decline NN I-NP
+in IN B-PP
+earning VBG B-NP
+assets NNS I-NP
+, , O
+lower JJR B-NP
+loan NN I-NP
+volume NN I-NP
+and CC O
+tighter JJR B-NP
+interest NN I-NP
+margins NNS I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+holding VBG I-NP
+company NN I-NP
+posted VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+54.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+87 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+including VBG B-PP
+$ $ B-NP
+1.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+three CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+one-time JJ B-NP
+tax NN I-NP
+benefits NNS I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+net NN B-NP
+was VBD B-VP
+$ $ B-NP
+71.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.22 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+First NNP B-NP
+Fidelity NNP I-NP
+said VBD B-VP
+non-performing JJ B-NP
+assets NNS I-NP
+increased VBN B-VP
+to TO B-PP
+$ $ B-NP
+482.3 CD I-NP
+million CD I-NP
+Sept. NNP B-NP
+30 CD I-NP
+from IN B-PP
+$ $ B-NP
+393.1 CD I-NP
+million CD I-NP
+June NNP B-NP
+30 CD I-NP
+. . O
+
+The DT B-NP
+rise NN I-NP
+resulted VBD B-VP
+from IN B-PP
+the DT B-NP
+transfer NN I-NP
+to TO B-PP
+non-accrual JJ B-NP
+status NN I-NP
+of IN B-PP
+$ $ B-NP
+96 CD I-NP
+million CD I-NP
+`` `` O
+owed VBN B-VP
+by IN B-PP
+two CD B-NP
+national JJ I-NP
+borrowers NNS I-NP
+and CC O
+one CD B-NP
+local JJ I-NP
+commercial JJ I-NP
+real-estate NN I-NP
+customer NN I-NP
+, , O
+'' '' O
+First NNP B-NP
+Fidelity NNP I-NP
+said VBD B-VP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+anticipate VB I-VP
+any DT B-NP
+loss NN I-NP
+of IN B-PP
+principal JJ B-NP
+on IN B-PP
+two CD B-NP
+of IN B-PP
+the DT B-NP
+loans NNS I-NP
+, , O
+comprising VBG B-VP
+$ $ B-NP
+85 CD I-NP
+million CD I-NP
+of IN B-PP
+these DT B-NP
+credits NNS I-NP
+. . O
+
+First NNP B-NP
+Fidelity NNP I-NP
+said VBD B-VP
+it PRP B-NP
+boosted VBD B-VP
+its PRP$ B-NP
+loan-loss NN I-NP
+provision NN I-NP
+to TO B-PP
+$ $ B-NP
+50.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+20.4 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+primarily RB B-PP
+because IN I-PP
+of IN I-PP
+a DT B-NP
+weaker JJR I-NP
+real-estate NN I-NP
+sector NN I-NP
+in IN B-PP
+the DT B-NP
+region NN I-NP
+. . O
+
+VIACOM NNP B-NP
+Inc. NNP I-NP
+'s POS B-NP
+loss NN I-NP
+narrowed VBD B-VP
+to TO B-PP
+$ $ B-NP
+21.7 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+from IN B-PP
+$ $ B-NP
+56.9 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Thursday NNP B-NP
+'s POS B-NP
+edition NN I-NP
+misstated VBD B-VP
+the DT B-NP
+narrowing NN I-NP
+. . O
+
+Coastal NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+signed VBD B-VP
+a DT B-NP
+definitive JJ I-NP
+agreement NN I-NP
+with IN B-PP
+Aruba NNP B-NP
+to TO B-VP
+restart VB I-VP
+a DT B-NP
+150,000-barrel-a-day JJ I-NP
+oil NN I-NP
+refinery NN I-NP
+. . O
+
+Coastal NNP B-NP
+would MD B-VP
+n't RB I-VP
+disclose VB I-VP
+the DT B-NP
+terms NNS I-NP
+. . O
+
+Coastal NNP B-NP
+, , O
+a DT B-NP
+Houston NNP I-NP
+oil NN I-NP
+and CC I-NP
+gas NN I-NP
+company NN I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+begin VB I-VP
+operations NNS B-NP
+in IN B-PP
+October NNP B-NP
+1990 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+may MD B-VP
+install VB I-VP
+additional JJ B-NP
+processing NN I-NP
+units NNS I-NP
+at IN B-PP
+the DT B-NP
+refinery NN I-NP
+to TO B-VP
+produce VB I-VP
+higher JJR B-NP
+octane NN I-NP
+gasolines NNS I-NP
+and CC O
+other JJ B-NP
+products NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+leasing VBG I-VP
+the DT B-NP
+site NN I-NP
+of IN B-PP
+the DT B-NP
+refinery NN I-NP
+from IN B-PP
+Aruba NNP B-NP
+. . O
+
+Exxon NNP B-NP
+Corp. NNP I-NP
+built VBD B-VP
+the DT B-NP
+plant NN I-NP
+but CC O
+closed VBD B-VP
+it PRP B-NP
+in IN B-PP
+1985 CD B-NP
+and CC O
+sold VBN B-VP
+off IN B-PRT
+much NN B-NP
+of IN B-PP
+the DT B-NP
+equipment NN I-NP
+to TO B-PP
+dismantling VBG B-NP
+contractors NNS I-NP
+, , O
+from IN B-PP
+whom WP B-NP
+Coastal NNP B-NP
+bought VBD B-VP
+back JJ B-ADVP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+equipment NN I-NP
+. . O
+
+A DT B-NP
+Coastal NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+the DT B-NP
+biggest JJS I-NP
+expense NN I-NP
+will MD B-VP
+be VB I-VP
+to TO B-VP
+refurbish VB I-VP
+the DT B-NP
+refinery NN I-NP
+but CC O
+would MD B-VP
+n't RB I-VP
+say VB I-VP
+how WRB B-NP
+much JJ I-NP
+that WDT B-NP
+would MD B-VP
+be VB I-VP
+. . O
+
+The DT B-NP
+prime JJ I-NP
+minister NN I-NP
+of IN B-PP
+Aruba NNP B-NP
+has VBZ B-VP
+said VBD I-VP
+it PRP B-NP
+could MD B-VP
+cost VB I-VP
+around IN B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+. . O
+
+Coastal NNP B-NP
+said VBD B-VP
+the DT B-NP
+refinery NN I-NP
+'s POS B-NP
+expected VBN I-NP
+daily JJ I-NP
+production NN I-NP
+will MD B-VP
+include VB I-VP
+34,000 CD B-NP
+barrels NNS I-NP
+of IN B-PP
+jet NN B-NP
+fuel NN I-NP
+, , O
+32,000 CD B-NP
+barrels NNS I-NP
+of IN B-PP
+low-sulfur JJ B-NP
+diesel NN I-NP
+fuel NN I-NP
+, , O
+30,000 CD B-NP
+barrels NNS I-NP
+of IN B-PP
+naphtha NN B-NP
+, , O
+17,000 CD B-NP
+barrels NNS I-NP
+of IN B-PP
+residual JJ B-NP
+fuel NN I-NP
+oil NN I-NP
+, , O
+8,000 CD B-NP
+barrels NNS I-NP
+of IN B-PP
+asphalt NN B-NP
+and CC O
+25,000 CD B-NP
+barrels NNS I-NP
+of IN B-PP
+low-sulfur JJ B-NP
+catalytic JJ I-NP
+cracker NN I-NP
+feedstock NN I-NP
+. . O
+
+Loral NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+fiscal JJ B-NP
+second-quarter JJ I-NP
+net JJ I-NP
+income NN I-NP
+was VBD B-VP
+$ $ B-NP
+19.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+79 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+year-earlier JJ B-NP
+earnings NNS I-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+of IN B-PP
+$ $ B-NP
+15.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+62 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Year-earlier JJ B-NP
+net NN I-NP
+of IN B-PP
+$ $ B-NP
+21 CD I-NP
+million CD I-NP
+, , O
+or CC O
+84 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+included VBD B-VP
+the DT B-NP
+results NNS I-NP
+of IN B-PP
+Loral NNP B-NP
+'s POS B-NP
+former JJ I-NP
+Aircraft NNP I-NP
+Braking NNP I-NP
+Systems NNPS I-NP
+and CC I-NP
+Engineered NNP I-NP
+Fabrics NNP I-NP
+divisions NNS I-NP
+, , O
+which WDT B-NP
+were VBD B-VP
+sold VBN I-VP
+April NNP B-NP
+27 CD I-NP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+chairman NN I-NP
+, , O
+Bernard NNP B-NP
+L. NNP I-NP
+Schwartz NNP I-NP
+. . O
+
+The DT B-NP
+defense NN I-NP
+electronics NNS I-NP
+concern VBP I-NP
+attributed VBD B-VP
+the DT B-NP
+operating VBG I-NP
+improvement NN I-NP
+to TO B-PP
+higher JJR B-NP
+profit NN I-NP
+margins NNS I-NP
+and CC O
+lower JJR B-NP
+net JJ I-NP
+interest NN I-NP
+expense NN I-NP
+. . O
+
+Loral NNP B-NP
+also RB B-ADVP
+reported VBD B-VP
+that IN B-SBAR
+its PRP$ B-NP
+bookings NNS I-NP
+more RBR B-VP
+than IN I-VP
+doubled VBN I-VP
+to TO B-PP
+$ $ B-NP
+654 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+257 CD I-NP
+million CD I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-before JJ I-NP
+period NN I-NP
+. . O
+
+The DT B-NP
+increase NN I-NP
+was VBD B-VP
+due JJ B-ADJP
+mainly RB I-ADJP
+to TO B-PP
+a DT B-NP
+$ $ I-NP
+325 CD I-NP
+million CD I-NP
+order NN I-NP
+from IN B-PP
+Turkey NNP B-NP
+to TO B-VP
+equip VB I-VP
+its PRP$ B-NP
+fleet NN I-NP
+of IN B-PP
+F-16 NNP B-NP
+fighters NNS I-NP
+with IN B-PP
+Loral NNP B-NP
+'s POS B-NP
+ALQ-178 NNP I-NP
+Rapport NNP I-NP
+III NNP I-NP
+electronic JJ I-NP
+countermeasures NNS I-NP
+system NN I-NP
+. . O
+
+The DT B-NP
+order NN I-NP
+is VBZ B-VP
+the DT B-NP
+biggest JJS I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+history NN I-NP
+. . O
+
+Sales NNS B-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+period NN I-NP
+edged VBD B-VP
+up IN B-ADVP
+to TO B-PP
+$ $ B-NP
+295.7 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+293.9 CD I-NP
+million CD I-NP
+. . O
+
+Mr. NNP B-NP
+Schwartz NNP I-NP
+said VBD B-VP
+the DT B-NP
+recent JJ I-NP
+increase NN I-NP
+in IN B-PP
+orders NNS B-NP
+`` `` O
+puts VBZ B-VP
+us PRP B-NP
+well RB B-PP
+on IN I-PP
+the DT B-NP
+way NN I-NP
+to TO B-PP
+our PRP$ B-NP
+goal NN I-NP
+of IN B-PP
+$ $ B-NP
+1.6 CD I-NP
+billion CD I-NP
+in IN B-PP
+bookings NNS B-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+added VBD B-VP
+: : O
+`` `` O
+I PRP B-NP
+expect VBP B-VP
+to TO I-VP
+see VB I-VP
+the DT B-NP
+earnings NNS I-NP
+momentum NN I-NP
+we PRP B-NP
+experienced VBD B-VP
+this DT B-NP
+quarter NN I-NP
+continue VB B-VP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+'' '' O
+
+Loral NNP B-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+sales NNS B-NP
+to TO B-VP
+accelerate VB I-VP
+in IN B-PP
+both DT B-NP
+the DT I-NP
+third JJ I-NP
+and CC I-NP
+fourth JJ I-NP
+quarters NNS I-NP
+of IN B-PP
+this DT B-NP
+fiscal JJ I-NP
+year NN I-NP
+. . O
+
+Loral NNP B-NP
+'s POS B-NP
+profit NN I-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+six CD I-NP
+months NNS I-NP
+of IN B-PP
+fiscal JJ B-NP
+1990 CD I-NP
+was VBD B-VP
+$ $ B-NP
+36.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.44 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+31 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+27.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.11 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Net JJ B-NP
+income NN I-NP
+fell VBD B-VP
+8.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+37.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.43 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+40.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.56 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Fiscal JJ B-NP
+first-half JJ I-NP
+sales NNS I-NP
+slipped VBD B-VP
+3.9 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+528.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+549.9 CD I-NP
+million CD I-NP
+. . O
+
+Bookings NNS B-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+totaled VBD B-VP
+$ $ B-NP
+813 CD I-NP
+million CD I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+the DT B-NP
+$ $ I-NP
+432 CD I-NP
+million CD I-NP
+recorded VBN B-VP
+last JJ B-NP
+year NN I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Loral NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+33.25 CD I-NP
+, , O
+down RB B-ADVP
+37.5 CD B-NP
+cents NNS I-NP
+. . O
+
+HealthVest NNP B-NP
+said VBD B-VP
+two CD B-NP
+of IN B-PP
+its PRP$ B-NP
+lenders NNS I-NP
+have VBP B-VP
+given VBN I-VP
+it PRP B-NP
+notices NNS B-NP
+of IN B-PP
+default NN B-NP
+on IN B-PP
+bank NN B-NP
+loans NNS I-NP
+and CC O
+said VBD B-VP
+they PRP B-NP
+may MD B-VP
+take VB I-VP
+actions NNS B-NP
+to TO B-VP
+recover VB I-VP
+their PRP$ B-NP
+loans NNS I-NP
+. . O
+
+HealthVest NNP B-NP
+, , O
+an DT B-NP
+Austin NNP I-NP
+, , I-NP
+Texas NNP I-NP
+, , I-NP
+real JJ I-NP
+estate NN I-NP
+investment NN I-NP
+trust NN I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+Chemical NNP B-NP
+Bank NNP I-NP
+, , O
+the DT B-NP
+lead NN I-NP
+bank NN I-NP
+under IN B-PP
+its PRP$ B-NP
+domestic JJ I-NP
+bank NN I-NP
+agreement NN I-NP
+, , O
+told VBD B-VP
+it PRP B-NP
+that IN B-SBAR
+if IN B-SBAR
+$ $ B-NP
+3.3 CD I-NP
+million CD I-NP
+owed VBN B-VP
+to TO B-PP
+the DT B-NP
+bank NN I-NP
+group NN I-NP
+is VBZ B-VP
+n't RB I-VP
+paid VBN I-VP
+by IN B-PP
+today NN B-NP
+, , O
+the DT B-NP
+group NN I-NP
+will MD B-VP
+call VB I-VP
+the DT B-NP
+$ $ I-NP
+120 CD I-NP
+million CD I-NP
+that IN B-NP
+HealthVest NNP B-NP
+has VBZ B-VP
+outstanding JJ B-ADJP
+under IN B-PP
+the DT B-NP
+credit NN I-NP
+line NN I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+group NN I-NP
+also RB B-ADVP
+said VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+wo MD B-VP
+n't RB I-VP
+make VB I-VP
+additional JJ B-NP
+advances NNS I-NP
+under IN B-PP
+the DT B-NP
+$ $ I-NP
+150 CD I-NP
+million CD I-NP
+credit NN I-NP
+line NN I-NP
+. . O
+
+HealthVest NNP B-NP
+missed VBD B-VP
+a DT B-NP
+payment NN I-NP
+to TO B-PP
+the DT B-NP
+group NN I-NP
+that WDT B-NP
+was VBD B-VP
+due JJ B-ADJP
+in IN B-PP
+late JJ B-NP
+September NNP I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+HealthVest NNP B-NP
+said VBD B-VP
+Bank NNP B-NP
+of IN B-PP
+Tokyo NNP B-NP
+Trust NNP I-NP
+Co. NNP I-NP
+also RB B-ADVP
+has VBZ B-VP
+notified VBN I-VP
+it PRP B-NP
+of IN B-PP
+a DT B-NP
+default NN I-NP
+and CC O
+said VBD B-VP
+it PRP B-NP
+might MD B-VP
+take VB I-VP
+action NN B-NP
+to TO B-VP
+cure VB I-VP
+the DT B-NP
+default NN I-NP
+. . O
+
+HealthVest NNP B-NP
+missed VBD B-VP
+an DT B-NP
+interest NN I-NP
+payment NN I-NP
+to TO B-PP
+Bank NNP B-NP
+of IN B-PP
+Tokyo NNP B-NP
+on IN B-PP
+Oct. NNP B-NP
+1 CD I-NP
+. . O
+
+However RB B-ADVP
+, , O
+HealthVest NNP B-NP
+said VBD B-VP
+the DT B-NP
+Tokyo NNP I-NP
+bank NN I-NP
+indicated VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+wo MD B-VP
+n't RB I-VP
+accelerate VB I-VP
+HealthVest NNP B-NP
+'s POS B-NP
+$ $ B-ADJP
+50 CD O
+million CD O
+loan NN B-NP
+. . O
+
+HealthVest NNP B-NP
+is VBZ B-VP
+in IN B-PP
+a DT B-NP
+severe JJ I-NP
+liquidity NN I-NP
+bind NN I-NP
+because IN B-SBAR
+its PRP$ B-NP
+affiliate NN I-NP
+, , O
+Healthcare NNP B-NP
+International NNP I-NP
+Inc. NNP I-NP
+, , O
+has VBZ B-VP
+failed VBN I-VP
+to TO I-VP
+make VB I-VP
+about RB B-NP
+$ $ I-NP
+10.6 CD I-NP
+million CD I-NP
+in IN B-PP
+principal NN B-NP
+and CC I-NP
+interest NN I-NP
+payments NNS I-NP
+owed VBN B-VP
+since IN B-PP
+August NNP B-NP
+. . O
+
+Healthcare NNP B-NP
+operates VBZ B-VP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+health-care NN I-NP
+properties NNS I-NP
+that IN B-NP
+HealthVest NNP B-NP
+owns VBZ B-VP
+. . O
+
+EMPIRE NNP B-NP
+PENCIL NNP I-NP
+, , O
+later RB B-VP
+called VBN I-VP
+Empire-Berol NNP B-NP
+, , O
+developed VBD B-VP
+the DT B-NP
+plastic NN I-NP
+pencil NN I-NP
+in IN B-PP
+1973 CD B-NP
+. . O
+
+Yesterday NN B-NP
+'s POS B-NP
+Centennial NNP I-NP
+Journal NNP I-NP
+misstated VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+name NN I-NP
+. . O
+
+Storage NNP B-NP
+Technology NNP I-NP
+Corp. NNP I-NP
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+8.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+32 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+for IN B-PP
+its PRP$ B-NP
+fiscal-third JJ I-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+29 CD I-NP
+, , O
+almost RB B-NP
+15 CD I-NP
+times VBZ I-NP
+the DT I-NP
+$ $ I-NP
+557,000 CD I-NP
+, , O
+or CC O
+two CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+it PRP B-NP
+posted VBD B-VP
+for IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+. . O
+
+Storage NNP B-NP
+, , O
+Louisville NNP B-NP
+, , O
+Colo. NNP B-NP
+, , O
+which WDT B-NP
+makes VBZ B-VP
+data-storage JJ B-NP
+devices NNS I-NP
+for IN B-PP
+mainframe NN B-NP
+computers NNS I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+huge JJ I-NP
+increase NN I-NP
+in IN B-PP
+net NN B-NP
+reflects VBZ B-VP
+`` `` O
+strong JJ B-NP
+sales NNS I-NP
+'' '' O
+of IN B-PP
+its PRP$ B-NP
+tape NN I-NP
+products NNS I-NP
+, , O
+particularly RB B-ADVP
+the DT B-NP
+4400 CD I-NP
+Automated NNP I-NP
+Cartridge NNP I-NP
+System NNP I-NP
+, , O
+which WDT B-NP
+holds VBZ B-VP
+a DT B-NP
+library NN I-NP
+of IN B-PP
+tape NN B-NP
+cartridges NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+recently RB B-ADVP
+sold VBD B-VP
+its PRP$ B-NP
+750th JJ I-NP
+cartridge NN I-NP
+system NN I-NP
+, , O
+which WDT B-NP
+cost VBP B-VP
+$ $ B-NP
+400,000 CD I-NP
+to TO I-NP
+$ $ I-NP
+500,000 CD I-NP
+each DT B-ADVP
+. . O
+
+Quarter NN B-NP
+revenue NN I-NP
+was VBD B-VP
+$ $ B-NP
+232.6 CD I-NP
+million CD I-NP
+, , O
+up IN B-ADVP
+12 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+206 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+stock NN I-NP
+market NN I-NP
+reacted VBD B-VP
+strongly RB B-ADVP
+to TO B-PP
+the DT B-NP
+news NN I-NP
+. . O
+
+Storage NNP B-NP
+rose VBD B-VP
+$ $ B-NP
+1.125 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+14 CD I-NP
+, , O
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Storage NNP B-NP
+had VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+25.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+98 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+including VBG B-PP
+an DT B-NP
+$ $ I-NP
+11.3 CD I-NP
+million CD I-NP
+extraordinary JJ I-NP
+gain NN I-NP
+for IN B-PP
+the DT B-NP
+anticipated VBN I-NP
+proceeds NNS I-NP
+from IN B-PP
+liquidating VBG B-VP
+an DT B-NP
+Irish JJ I-NP
+unit NN I-NP
+. . O
+
+Net NN B-NP
+was VBD B-VP
+up IN B-ADVP
+69 CD B-NP
+% NN I-NP
+from IN B-PP
+$ $ B-NP
+15.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+57 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+last JJ B-NP
+year NN I-NP
+. . O
+
+Revenue NN B-NP
+for IN B-PP
+the DT B-NP
+latest JJS I-NP
+period NN I-NP
+was VBD B-VP
+up IN B-ADVP
+11 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+682.7 CD I-NP
+million CD I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+614.6 CD I-NP
+million CD I-NP
+. . O
+
+A DT B-NP
+Canadian JJ I-NP
+government NN I-NP
+agency NN I-NP
+conditionally RB B-VP
+approved VBD I-VP
+proposed VBN B-NP
+exports NNS I-NP
+to TO B-PP
+the DT B-NP
+U.S. NNP I-NP
+of IN B-PP
+natural JJ B-NP
+gas NN I-NP
+from IN B-PP
+big JJ B-NP
+, , I-NP
+untapped JJ I-NP
+fields NNS I-NP
+in IN B-PP
+the DT B-NP
+Mackenzie NNP I-NP
+River NNP I-NP
+delta NN I-NP
+area NN I-NP
+of IN B-PP
+the DT B-NP
+western JJ I-NP
+Canadian NNP I-NP
+Arctic NNP I-NP
+. . O
+
+Three CD B-NP
+companies NNS I-NP
+, , O
+Esso NNP B-NP
+Resources NNP I-NP
+Canada NNP I-NP
+Ltd. NNP I-NP
+, , O
+Shell NNP B-NP
+Canada NNP I-NP
+Ltd. NNP I-NP
+and CC O
+Gulf NNP B-NP
+Canada NNP I-NP
+Resources NNP I-NP
+Ltd. NNP I-NP
+, , O
+applied VBN B-VP
+to TO B-PP
+the DT B-NP
+Canadian NNP I-NP
+National NNP I-NP
+Energy NNP I-NP
+Board NNP I-NP
+to TO B-VP
+export VB I-VP
+9.2 CD B-NP
+trillion CD I-NP
+cubic JJ I-NP
+feet NNS I-NP
+of IN B-PP
+Mackenzie NNP B-NP
+delta NN I-NP
+natural JJ I-NP
+gas NN I-NP
+over IN B-PP
+20 CD B-NP
+years NNS I-NP
+starting VBG B-VP
+in IN B-PP
+1996 CD B-NP
+. . O
+
+To TO B-VP
+be VB I-VP
+economically RB B-ADJP
+feasible JJ I-ADJP
+, , O
+the DT O
+11 CD O
+billion CD O
+Canadian JJ O
+dollar NN O
+-LRB- ( O
+US$ $ B-ADJP
+9.37 CD O
+billion CD O
+-RRB- ) O
+project NN B-NP
+requires VBZ B-VP
+almost RB B-NP
+a DT I-NP
+doubling NN I-NP
+of IN B-PP
+natural JJ B-NP
+gas NN I-NP
+export NN I-NP
+prices NNS I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+faces VBZ B-VP
+numerous JJ B-NP
+other JJ I-NP
+hurdles NNS I-NP
+including VBG B-PP
+an DT B-NP
+agreement NN I-NP
+on IN B-PP
+a DT B-NP
+pipeline NN I-NP
+route NN I-NP
+for IN B-PP
+the DT B-NP
+gas NN I-NP
+. . O
+
+The DT B-NP
+board NN I-NP
+said VBD B-VP
+the DT B-NP
+export NN I-NP
+licenses NNS I-NP
+would MD B-VP
+be VB I-VP
+issued VBN I-VP
+on IN B-PP
+the DT B-NP
+condition NN I-NP
+that IN B-SBAR
+Canadian JJ B-NP
+interests NNS I-NP
+would MD B-VP
+also RB I-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+bid VB I-VP
+for IN B-PP
+the DT B-NP
+Mackenzie NNP I-NP
+delta NN I-NP
+gas NN I-NP
+on IN B-PP
+terms NNS B-NP
+similar JJ B-ADJP
+to TO B-PP
+those DT B-NP
+offered VBN B-VP
+to TO B-PP
+U.S. NNP B-NP
+customers NNS I-NP
+. . O
+
+U.S. NNP B-NP
+buyers NNS I-NP
+have VBP B-VP
+already RB I-VP
+been VBN I-VP
+lined VBN I-VP
+up RB B-PRT
+. . O
+
+They PRP B-NP
+include VBP B-VP
+Enron NNP B-NP
+Corp. NNP I-NP
+, , O
+Texas NNP B-NP
+Eastern NNP I-NP
+Corp. NNP I-NP
+, , O
+Pacific NNP B-NP
+Interstate NNP I-NP
+Transmission NNP I-NP
+Co. NNP I-NP
+and CC O
+Tennessee NNP B-NP
+Gas NNP I-NP
+Pipeline NNP I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+project NN I-NP
+could MD B-VP
+result VB I-VP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+taking VBG B-VP
+more JJR B-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+natural JJ I-NP
+gas NN I-NP
+supplies NNS I-NP
+from IN B-PP
+Canada NNP B-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+about IN B-NP
+5 NN I-NP
+% NN I-NP
+currently RB B-ADVP
+. . O
+
+It PRP B-NP
+would MD B-VP
+bring VB I-VP
+13 CD B-NP
+gas NN I-NP
+fields NNS I-NP
+into IN B-PP
+production NN B-NP
+at IN B-PP
+a DT B-NP
+combined VBN I-NP
+rate NN I-NP
+of IN B-PP
+about IN B-NP
+1.2 CD I-NP
+billion CD I-NP
+cubic JJ I-NP
+feet NNS I-NP
+a DT B-NP
+day NN I-NP
+. . O
+
+The DT B-NP
+board NN I-NP
+estimated VBN B-VP
+that IN B-SBAR
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+building VBG B-VP
+a DT B-NP
+pipeline NN I-NP
+from IN B-PP
+the DT B-NP
+Mackenzie NNP I-NP
+delta NN I-NP
+to TO B-PP
+Alberta NNP B-NP
+would MD B-VP
+be VB I-VP
+about IN B-NP
+C$ $ I-NP
+5.9 CD I-NP
+million CD I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+said VBD B-VP
+projections NNS B-NP
+of IN B-PP
+surging VBG B-NP
+U.S. NNP I-NP
+demand NN I-NP
+for IN B-PP
+natural JJ B-NP
+gas NN I-NP
+and CC O
+price NN B-NP
+forecasts NNS I-NP
+of IN B-PP
+C$ $ B-NP
+5.25 CD I-NP
+per IN B-PP
+thousand CD B-NP
+cubic JJ I-NP
+feet NNS I-NP
+by IN B-PP
+2005 CD B-NP
+would MD B-VP
+make VB I-VP
+the DT B-NP
+project NN I-NP
+economically RB B-ADJP
+viable JJ I-ADJP
+. . O
+
+Esso NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Imperial NNP B-NP
+Oil NNP I-NP
+Ltd. NNP I-NP
+which WDT B-NP
+is VBZ B-VP
+71%-owned JJ B-ADJP
+by IN B-PP
+Exxon NNP B-NP
+Corp. NNP I-NP
+, , O
+will MD B-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+export VB I-VP
+5.1 CD B-NP
+trillion CD I-NP
+cubic JJ I-NP
+feet NNS I-NP
+to TO B-PP
+the DT B-NP
+U.S. NNP I-NP
+in IN B-PP
+the DT B-NP
+20-year JJ I-NP
+period NN I-NP
+. . O
+
+Shell NNP B-NP
+, , O
+a DT B-NP
+subsidiary NN I-NP
+of IN B-PP
+Royal NNP B-NP
+Dutch\/Shell NNP I-NP
+Group NNP I-NP
+, , O
+will MD B-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+export VB I-VP
+0.9 CD B-NP
+trillion CD I-NP
+cubic JJ I-NP
+feet NNS I-NP
+, , O
+and CC O
+Gulf NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Olympia NNP B-NP
+& CC I-NP
+York NNP I-NP
+Developments NNP I-NP
+Ltd. NNP I-NP
+will MD B-VP
+be VB I-VP
+allowed VBN I-VP
+to TO I-VP
+export VB I-VP
+3.2 CD B-NP
+trillion CD I-NP
+cubic JJ I-NP
+feet NNS I-NP
+. . O
+
+Combustion NNP B-NP
+Engineering NNP I-NP
+Inc. NNP I-NP
+, , O
+Stamford NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+sold VBD B-VP
+and CC O
+agreed VBD B-VP
+to TO I-VP
+sell VB I-VP
+several JJ B-NP
+investments NNS I-NP
+and CC I-NP
+nonstrategic JJ I-NP
+businesses NNS I-NP
+for IN B-PP
+about RB B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+reducing VBG B-VP
+debt NN B-NP
+and CC O
+general JJ B-NP
+purposes NNS I-NP
+. . O
+
+The DT B-NP
+transactions NNS I-NP
+are VBP B-VP
+unrelated JJ B-ADJP
+. . O
+
+The DT B-NP
+company NN I-NP
+agreed VBD B-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+minority NN I-NP
+investments NNS I-NP
+in IN B-PP
+makers NNS B-NP
+of IN B-PP
+steam-generating NN B-NP
+and CC I-NP
+related VBN I-NP
+equipment NN I-NP
+, , O
+Stein NNP B-NP
+Industrie NNP I-NP
+and CC O
+Energie NNP B-NP
+& CC I-NP
+Verfahrenstechnik NNP I-NP
+, , O
+to TO B-PP
+the DT B-NP
+major JJ I-NP
+shareholder NN I-NP
+in IN B-PP
+the DT B-NP
+companies NNS I-NP
+, , O
+Dutch-based JJ B-NP
+GEC NNP I-NP
+Alsthom NNP I-NP
+N.V NNP I-NP
+. . O
+
+Combustion NNP B-NP
+Engineering NNP I-NP
+, , O
+which WDT B-NP
+provides VBZ B-VP
+engineered VBN B-NP
+products NNS I-NP
+, , O
+systems NNS B-NP
+and CC O
+services NNS B-NP
+for IN B-PP
+power NN B-NP
+generation NN I-NP
+, , O
+also RB B-ADVP
+sold VBN B-VP
+Illinois NNP B-NP
+Minerals NNP I-NP
+Co. NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Cairo NNP B-NP
+, , O
+Ill NNP B-NP
+. . O
+
+That DT B-NP
+unit NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Georgia NNP I-NP
+Kaolin NNP I-NP
+Co. NNP I-NP
+subsidiary NN I-NP
+was VBD B-VP
+sold VBN I-VP
+to TO B-PP
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Unimin NNP B-NP
+Corp NNP I-NP
+. . O
+
+Assets NNS B-NP
+of IN B-PP
+Construction NNP B-NP
+Equipment NNP I-NP
+International NNP I-NP
+, , O
+Houston NNP B-NP
+, , O
+were VBD B-VP
+sold VBN I-VP
+to TO B-PP
+Essex NNP B-NP
+Crane NNP I-NP
+Inc. NNP I-NP
+, , O
+and CC O
+the DT B-NP
+assets NNS I-NP
+of IN B-PP
+Elgin NNP B-NP
+Electronics NNP I-NP
+, , O
+Erie NNP B-NP
+, , O
+Pa. NNP B-NP
+, , O
+were VBD B-VP
+sold VBN I-VP
+to TO B-PP
+closely RB B-NP
+held VBN I-NP
+Charter NNP I-NP
+Technologies NNP I-NP
+Inc NNP I-NP
+. . O
+
+Where WRB B-ADVP
+do VBP O
+Americans NNPS B-NP
+put VB B-VP
+their PRP$ B-NP
+money NN I-NP
+? . O
+
+It PRP B-NP
+depends VBZ B-VP
+on IN B-PP
+when WRB B-ADVP
+you PRP B-NP
+look VBP B-VP
+. . O
+
+In IN B-PP
+1900 CD B-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+less JJR B-NP
+than IN I-NP
+8 CD I-NP
+% NN I-NP
+of IN B-PP
+assets NNS B-NP
+went VBD B-VP
+into IN B-PP
+bank NN B-NP
+deposits NNS I-NP
+. . O
+
+That DT B-NP
+rose VBD B-VP
+to TO B-PP
+nearly RB B-NP
+18 CD I-NP
+% NN I-NP
+during IN B-PP
+the DT B-NP
+Depression NNP I-NP
+, , O
+and CC O
+has VBZ B-VP
+n't RB I-VP
+changed VBN I-VP
+much JJ B-ADVP
+since RB B-ADVP
+. . O
+
+Pension NN B-NP
+reserves NNS I-NP
+, , O
+on IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+made VBN B-VP
+up IN B-PRT
+a DT B-NP
+relatively RB I-NP
+small JJ I-NP
+part NN I-NP
+of IN B-PP
+household NN B-NP
+assets NNS I-NP
+until IN B-PP
+the DT B-NP
+last JJ I-NP
+decade NN I-NP
+, , O
+when WRB B-ADVP
+they PRP B-NP
+skyrocketed VBD B-VP
+. . O
+
+And CC O
+there EX B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+drastic JJ I-NP
+decline NN I-NP
+in IN B-PP
+the DT B-NP
+importance NN I-NP
+of IN B-PP
+unincorporated JJ B-NP
+business NN I-NP
+assets NNS I-NP
+-- : O
+thanks NNS B-NP
+to TO B-PP
+industry NN B-NP
+consolidation NN I-NP
+and CC O
+a DT B-NP
+decline NN I-NP
+in IN B-PP
+family NN B-NP
+farms NNS I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+some DT B-NP
+of IN B-PP
+what WP B-NP
+emerges VBZ B-VP
+from IN B-PP
+the DT B-NP
+following VBG I-NP
+charts NNS I-NP
+, , O
+which WDT B-NP
+show VBP B-VP
+how WRB B-ADVP
+Americans NNPS B-NP
+have VBP B-VP
+changed VBN I-VP
+their PRP$ B-NP
+investment NN I-NP
+patterns NNS I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+90 CD I-NP
+years NNS I-NP
+. . O
+
+Some DT B-NP
+results NNS I-NP
+are VBP B-VP
+self-explanatory JJ B-ADJP
+. . O
+
+But CC O
+other JJ B-NP
+figures NNS I-NP
+are VBP B-VP
+surprising JJ B-ADJP
+. . O
+
+Housing NNP B-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+has VBZ B-VP
+remained VBN I-VP
+a DT B-NP
+fairly RB I-NP
+steady JJ I-NP
+component NN I-NP
+of IN B-PP
+household NN B-NP
+assets NNS I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+decade NN I-NP
+-- : O
+although IN B-SBAR
+common JJ B-NP
+wisdom NN I-NP
+would MD B-VP
+have VB I-VP
+expected VBN I-VP
+an DT B-NP
+increase NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+attention NN B-NP
+paid VBN B-VP
+to TO B-PP
+housing NN B-NP
+as IN B-PP
+a DT B-NP
+form NN I-NP
+of IN B-PP
+household NN B-NP
+wealth NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Edward NNP B-NP
+N. NNP I-NP
+Wolff NNP I-NP
+, , O
+professor NN B-NP
+of IN B-PP
+economics NNS B-NP
+at IN B-PP
+New NNP B-NP
+York NNP I-NP
+University NNP I-NP
+. . O
+
+`` `` O
+But CC O
+it PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+increased VBN I-VP
+much JJ B-ADVP
+relative JJ B-ADVP
+to TO B-PP
+other JJ B-NP
+assets NNS I-NP
+. . O
+
+It PRP B-NP
+suggests VBZ B-VP
+that IN B-SBAR
+households NNS B-NP
+accumulate VBP B-VP
+wealth NN B-NP
+across IN B-PP
+a DT B-NP
+broad JJ I-NP
+spectrum NN I-NP
+of IN B-PP
+assets NNS B-NP
+. . O
+
+And CC O
+housing NN B-NP
+though IN B-SBAR
+it PRP B-NP
+appears VBZ B-VP
+in IN B-PP
+the DT B-NP
+popular JJ I-NP
+mind NN I-NP
+as IN B-PP
+being VBG B-VP
+the DT B-NP
+major JJ I-NP
+-LCB- ( O
+growing VBG O
+-RCB- ) O
+household NN B-NP
+asset NN I-NP
+, , O
+is VBZ B-VP
+n't RB O
+. . O
+'' '' O
+
+In IN B-PP
+addition NN B-NP
+, , O
+investors NNS B-NP
+' POS B-NP
+desire NN I-NP
+to TO B-VP
+hold VB I-VP
+stocks NNS B-NP
+-- : O
+directly RB B-ADVP
+and CC O
+through IN B-PP
+mutual JJ B-NP
+funds NNS I-NP
+-- : O
+has VBZ B-VP
+held VBN I-VP
+surprisingly RB B-ADJP
+steady JJ I-ADJP
+; : O
+stocks NNS B-NP
+' POS B-NP
+importance NN I-NP
+among IN B-PP
+assets NNS B-NP
+largely RB B-VP
+reflects VBZ I-VP
+the DT B-NP
+ups NNS I-NP
+and CC I-NP
+downs NNS I-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+, , B-NP
+and CC I-NP
+not RB I-NP
+a DT B-NP
+shift NN I-NP
+in IN B-PP
+stock-holding JJ B-NP
+preferences NNS I-NP
+. . O
+
+`` `` O
+Stocks NNS B-NP
+have VBP B-VP
+not RB I-VP
+spread VB I-VP
+to TO B-PP
+the DT B-NP
+general JJ I-NP
+public NN I-NP
+, , O
+despite IN B-PP
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+the DT B-NP
+environment NN I-NP
+is VBZ B-VP
+much JJ B-ADJP
+different JJ I-ADJP
+, , O
+'' '' O
+concludes VBZ B-VP
+Robert NNP B-NP
+Avery NNP I-NP
+, , O
+an DT B-NP
+economist NN I-NP
+at IN B-PP
+Cornell NNP B-NP
+University NNP I-NP
+. . O
+
+`` `` O
+To TO B-PP
+me PRP B-NP
+it PRP B-NP
+says VBZ B-VP
+that IN B-SBAR
+despite IN B-PP
+all PDT B-NP
+the DT I-NP
+views NNS I-NP
+that IN B-SBAR
+we PRP B-NP
+spend VBP B-VP
+too RB B-NP
+much NN I-NP
+of IN B-PP
+our PRP$ B-NP
+wealth NN I-NP
+on IN B-PP
+paper NN B-NP
+assets NNS I-NP
+, , O
+we PRP B-NP
+have VBP B-VP
+ways NNS B-NP
+of IN B-PP
+holding VBG B-VP
+wealth NN B-NP
+similar JJ B-ADJP
+to TO B-PP
+100 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+'' '' O
+
+-- : O
+The DT B-NP
+charts NNS I-NP
+show VBP B-VP
+how WRB B-ADVP
+househld JJ B-NP
+assets NNS I-NP
+have VBP B-VP
+been VBN I-VP
+distributed VBN I-VP
+over IN B-PP
+time NN B-NP
+. . O
+
+The DT B-NP
+main JJ I-NP
+components NNS I-NP
+of IN B-PP
+the DT B-NP
+various JJ I-NP
+asseet NN I-NP
+categories NNS I-NP
+: : O
+Housing NNP B-NP
+: : O
+Primary JJ B-NP
+home NN I-NP
+, , B-NP
+but CC I-NP
+not RB I-NP
+the DT B-NP
+land NN I-NP
+it PRP B-NP
+'s VBZ B-VP
+on RB B-PP
+. . O
+
+Land NNP B-NP
+and CC O
+Other JJ B-NP
+Real NNP I-NP
+Estate NNP I-NP
+: : O
+Land NNP B-NP
+on IN B-PP
+which WDT B-NP
+primary JJ B-NP
+home NN I-NP
+is VBZ B-VP
+built VBN I-VP
+, , O
+investment NN B-NP
+property NN I-NP
+. . O
+
+Consumer NNP B-NP
+Durables NNPS I-NP
+: : O
+Automobiles NNS B-NP
+, , I-NP
+appliances NNS I-NP
+, , I-NP
+furniture NN I-NP
+. . O
+
+Bank NN B-NP
+Deposits NNS I-NP
+: : O
+Currency NN B-NP
+, , O
+checking-account JJ B-NP
+deposits NNS I-NP
+, , O
+small JJ B-NP
+savings NNS I-NP
+and CC I-NP
+time NN I-NP
+deposits NNS I-NP
+, , O
+certificates NNS B-NP
+of IN B-PP
+deposits NNS B-NP
+, , O
+money-market JJ B-NP
+fund NN I-NP
+shares NNS I-NP
+. . O
+
+Bonds NNS B-NP
+: : O
+Excludes VBZ B-VP
+bond NN B-NP
+funds NNS I-NP
+. . O
+
+Stocks\/Mutual NNP B-NP
+Funds NNS I-NP
+: : O
+Stocks NNS B-NP
+and CC O
+mutual JJ B-NP
+funds NNS I-NP
+other JJ B-ADJP
+than IN B-PP
+money-market JJ B-NP
+funds NNS I-NP
+. . O
+
+Unincorporated NNP B-NP
+Business NNP I-NP
+: : O
+Partnerships NNS B-NP
+and CC O
+sole JJ B-NP
+proprietorships NNS I-NP
+, , O
+professional JJ B-NP
+corporations NNS I-NP
+. . O
+
+Pension NN B-NP
+Reserves NNS I-NP
+: : O
+Holdings NNP B-NP
+by IN B-PP
+pension NN B-NP
+funds NNS I-NP
+. . O
+
+McCaw NNP B-NP
+Cellular NNP I-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+sent VBD B-VP
+a DT B-NP
+letter NN I-NP
+to TO B-PP
+LIN NNP B-NP
+Broadcasting NNP I-NP
+Corp. NNP I-NP
+clarifying VBG B-VP
+its PRP$ B-NP
+revised VBN I-NP
+tender NN I-NP
+offer NN I-NP
+for IN B-PP
+LIN NNP B-NP
+and CC O
+asking VBG B-VP
+LIN NNP B-NP
+to TO B-VP
+conduct VB I-VP
+`` `` O
+a DT B-NP
+fair JJ I-NP
+auction NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+letter NN I-NP
+apparently RB B-ADVP
+came VBD B-VP
+in IN B-PP
+response NN B-NP
+to TO B-PP
+a DT B-NP
+request NN I-NP
+for IN B-PP
+clarification NN B-NP
+by IN B-PP
+LIN NNP B-NP
+earlier RBR B-NP
+this DT I-NP
+week NN I-NP
+. . O
+
+LIN NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+agreed VBN I-VP
+with IN B-PP
+BellSouth NNP B-NP
+Corp. NNP I-NP
+to TO B-VP
+merge VB I-VP
+their PRP$ B-NP
+cellular-telephone JJ I-NP
+businesses NNS I-NP
+, , O
+said VBD B-VP
+then RB B-ADVP
+that IN B-SBAR
+it PRP B-NP
+would MD B-VP
+n't RB I-VP
+take VB I-VP
+a DT B-NP
+position NN I-NP
+on IN B-PP
+McCaw NNP B-NP
+'s POS B-NP
+revised VBN I-NP
+tender NN I-NP
+offer NN I-NP
+. . O
+
+Earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+, , O
+McCaw NNP B-NP
+revised VBD B-VP
+its PRP$ B-NP
+offer NN I-NP
+to TO B-PP
+$ $ B-NP
+125 CD I-NP
+a DT B-NP
+share NN I-NP
+for IN B-PP
+22 CD B-NP
+million CD I-NP
+LIN NNP I-NP
+shares NNS I-NP
+. . O
+
+McCaw NNP B-NP
+is VBZ B-VP
+seeking VBG I-VP
+50.3 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+cellular JJ I-NP
+and CC I-NP
+broadcasting NN I-NP
+concern NN I-NP
+; : O
+the DT B-NP
+revised VBN I-NP
+offer NN I-NP
+includes VBZ B-VP
+a DT B-NP
+feature NN I-NP
+requiring VBG B-VP
+McCaw NNP B-NP
+to TO B-VP
+begin VB I-VP
+an DT B-NP
+auction NN I-NP
+process NN I-NP
+in IN B-PP
+July NNP B-NP
+1994 CD I-NP
+that WDT B-NP
+would MD B-VP
+buy VB I-VP
+out RP B-PRT
+remaining VBG B-NP
+holders NNS I-NP
+at IN B-PP
+a DT B-NP
+per-share JJ I-NP
+price NN I-NP
+roughly RB B-ADJP
+equivalent NN I-ADJP
+to TO B-PP
+what WP B-NP
+a DT B-NP
+third JJ I-NP
+party NN I-NP
+might MD B-VP
+then RB I-VP
+have VB I-VP
+to TO I-VP
+pay VB I-VP
+for IN B-PP
+all DT B-NP
+of IN B-PP
+LIN NNP B-NP
+. . O
+
+The DT B-NP
+letter NN I-NP
+outlines VBZ B-VP
+broad JJ B-NP
+powers NNS I-NP
+for IN B-PP
+an DT B-NP
+independent JJ I-NP
+group NN I-NP
+of IN B-PP
+directors NNS B-NP
+provided VBN B-VP
+for IN B-PRT
+in IN B-PP
+the DT B-NP
+revised VBN I-NP
+offer NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+statement NN I-NP
+, , O
+Craig NNP B-NP
+O. NNP I-NP
+McCaw NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+McCaw NNP B-NP
+, , O
+said VBD B-VP
+: : O
+`` `` O
+We PRP B-NP
+trust VBP B-VP
+LIN NNP B-NP
+will MD B-VP
+take VB I-VP
+no DT B-NP
+further JJ I-NP
+actions NNS I-NP
+that WDT B-NP
+favor VBP B-VP
+BellSouth NNP B-NP
+. . O
+'' '' O
+
+McCaw NNP B-NP
+said VBD B-VP
+the DT B-NP
+three CD I-NP
+independent JJ I-NP
+directors NNS I-NP
+provided VBN B-VP
+for IN B-PRT
+in IN B-PP
+the DT B-NP
+offer NN I-NP
+would MD B-VP
+be VB I-VP
+designated VBN I-VP
+by IN B-PP
+the DT B-NP
+current JJ I-NP
+board NN I-NP
+. . O
+
+The DT B-NP
+successors NNS I-NP
+would MD B-VP
+be VB I-VP
+nominated VBN I-VP
+by IN B-PP
+the DT B-NP
+independent JJ I-NP
+directors NNS I-NP
+. . O
+
+LIN NNP B-NP
+would MD B-VP
+have VB I-VP
+a DT B-NP
+priority NN I-NP
+right NN I-NP
+to TO B-VP
+pursue VB I-VP
+all DT B-NP
+opportunities NNS I-NP
+to TO B-VP
+acquire VB I-VP
+U.S. NNP B-NP
+cellular JJ I-NP
+interests NNS I-NP
+in IN B-PP
+markets NNS B-NP
+other JJ B-ADJP
+than IN B-PP
+those DT B-NP
+in NN B-PP
+which WDT B-NP
+McCaw NNP B-NP
+holds VBZ B-VP
+an DT B-NP
+interest NN I-NP
+, , O
+or CC O
+which WDT B-NP
+are VBP B-VP
+contiguous JJ B-ADJP
+to TO B-PP
+those DT B-NP
+markets NNS I-NP
+, , O
+unless IN B-SBAR
+LIN NNP B-NP
+has VBZ B-VP
+an DT B-NP
+interest NN I-NP
+there EX B-ADVP
+or CC O
+contiguous JJ B-ADJP
+to TO B-PP
+it PRP B-NP
+. . O
+
+Independent JJ B-NP
+directors NNS I-NP
+would MD B-VP
+have VB I-VP
+veto NN B-NP
+rights NNS I-NP
+to TO B-PP
+any DT B-NP
+acquisition NN I-NP
+if IN B-SBAR
+they PRP B-NP
+unanimously RB B-VP
+decide VBP I-VP
+it PRP B-NP
+is VBZ B-VP
+n't RB O
+in IN B-PP
+LIN NNP B-NP
+'s POS B-NP
+best JJS I-NP
+interest NN I-NP
+. . O
+
+Independent JJ B-NP
+directors NNS I-NP
+would MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+block VB I-VP
+transactions NNS B-NP
+they PRP B-NP
+unanimously RB B-VP
+deem VBP I-VP
+would MD B-VP
+be VB I-VP
+likely JJ B-ADJP
+to TO B-VP
+depress VB I-VP
+the DT B-NP
+private JJ I-NP
+market NN I-NP
+value NN I-NP
+of IN B-PP
+LIN NNP B-NP
+at IN B-PP
+the DT B-NP
+time NN I-NP
+it PRP B-NP
+is VBZ B-VP
+to TO B-VP
+be VB I-VP
+sold VBN I-VP
+in IN B-PP
+five CD B-NP
+years NNS I-NP
+. . O
+
+If IN B-SBAR
+LIN NNP B-NP
+is VBZ B-VP
+put VBN I-VP
+up IN B-PRT
+for IN B-PP
+sale NN B-NP
+rather RB B-CONJP
+than IN I-CONJP
+purchased VBN B-VP
+by IN B-PP
+McCaw NNP B-NP
+in IN B-PP
+five CD B-NP
+years NNS I-NP
+, , O
+McCaw NNP B-NP
+wo MD B-VP
+n't RB I-VP
+submit VB I-VP
+a DT B-NP
+bid NN I-NP
+unless IN B-SBAR
+the DT B-NP
+independent JJ I-NP
+directors NNS I-NP
+request VBP B-VP
+it PRP B-NP
+, , O
+and CC O
+the DT B-NP
+independent JJ I-NP
+directors NNS I-NP
+will MD B-VP
+run VB I-VP
+the DT B-NP
+bidding NN I-NP
+. . O
+
+The DT B-NP
+directors NNS I-NP
+would MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+sell VB I-VP
+particular JJ B-NP
+assets NNS I-NP
+to TO B-VP
+enable VB I-VP
+such JJ B-NP
+buyers NNS I-NP
+as IN B-PP
+the DT B-NP
+regional JJ I-NP
+Bell NNP I-NP
+operating VBG I-NP
+companies NNS I-NP
+to TO B-VP
+purchase VB I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+interests NNS I-NP
+. . O
+
+MCA NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+net NN I-NP
+fell VBD B-VP
+6.3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+50.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+69 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+54.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+74 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+MCA NNP B-NP
+said VBD B-VP
+revenue NN B-NP
+rose VBD B-VP
+14 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+918.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+806.7 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+entertainment NN I-NP
+concern NN I-NP
+said VBD B-VP
+the DT B-NP
+success NN I-NP
+of IN B-PP
+several JJ B-NP
+movies NNS I-NP
+released VBN B-VP
+during IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+including VBG B-PP
+`` `` O
+Parenthood NNP B-NP
+'' '' O
+and CC O
+`` `` O
+Uncle NNP B-NP
+Buck NNP I-NP
+, , O
+'' '' O
+contributed VBD B-VP
+to TO B-PP
+record VB B-NP
+revenue NN I-NP
+for IN B-PP
+its PRP$ B-NP
+film NN I-NP
+unit NN I-NP
+. . O
+
+Both DT O
+MCA NNP B-NP
+'s POS B-NP
+music-entertainment NN I-NP
+and CC I-NP
+book-publishing NN I-NP
+units NNS I-NP
+also RB B-ADVP
+posted VBD B-VP
+record NN B-NP
+revenue NN I-NP
+and CC I-NP
+operating VBG I-NP
+profit NN I-NP
+. . O
+
+The DT B-NP
+parent NN I-NP
+company NN I-NP
+'s POS B-NP
+net NN I-NP
+included VBD B-VP
+a DT B-NP
+loss NN I-NP
+-- : O
+which WDT B-NP
+it PRP B-NP
+did VBD B-VP
+n't RB I-VP
+specify VB I-VP
+-- : O
+that WDT B-NP
+was VBD B-VP
+related VBN B-ADJP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+50 CD B-ADJP
+% NN I-ADJP
+stake NN B-NP
+in IN B-PP
+Cineplex NNP B-NP
+Odeon NNP I-NP
+Corp NNP I-NP
+. . O
+
+Cineplex NNP B-NP
+, , O
+a DT B-NP
+Toronto NNP I-NP
+theater NN I-NP
+chain NN I-NP
+, , O
+had VBD B-VP
+a DT B-NP
+second-quarter JJ I-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+38.7 CD I-NP
+million CD I-NP
+. . O
+
+MCA NNP B-NP
+said VBD B-VP
+net JJ B-NP
+also RB B-ADVP
+included VBD B-VP
+certain JJ B-NP
+reserves NNS I-NP
+related VBN B-ADJP
+to TO B-PP
+the DT B-NP
+restructuring NN I-NP
+of IN B-PP
+its PRP$ B-NP
+LJN NNP I-NP
+Toys NNPS I-NP
+' POS B-NP
+international JJ I-NP
+operations NNS I-NP
+. . O
+
+These DT B-NP
+items NNS I-NP
+were VBD B-VP
+partly RB I-VP
+offset VB I-VP
+, , O
+MCA NNP B-NP
+said VBD B-VP
+, , O
+by IN B-PP
+an DT B-NP
+unspecified JJ I-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Miller NNP I-NP
+International NNP I-NP
+unit NN I-NP
+, , O
+a DT B-NP
+maker NN I-NP
+and CC I-NP
+distributor NN I-NP
+of IN B-PP
+budget-priced JJ B-NP
+audio JJ I-NP
+cassettes NNS I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+MCA NNP B-NP
+rose VBD B-VP
+$ $ B-NP
+1.50 CD I-NP
+to TO B-PP
+$ $ B-NP
+64 CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net NN B-NP
+rose VBD B-VP
+35 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+120.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.64 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+89.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.22 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Revenue NN B-NP
+increased VBN B-VP
+22 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.5 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.1 CD I-NP
+billion CD I-NP
+. . O
+
+Past JJ B-NP
+Due NNP I-NP
+Impasse NNP I-NP
+
+I PRP B-NP
+never RB B-ADVP
+pay VBP B-VP
+my PRP$ B-NP
+bills NNS I-NP
+Till IN B-PP
+the DT B-NP
+very RB I-NP
+last JJ I-NP
+day NN I-NP
+; : O
+I PRP B-NP
+lose VBP B-VP
+far RB B-NP
+less JJR I-NP
+interest NN I-NP
+By IN B-PP
+proceeding VBG B-VP
+that DT B-NP
+way NN I-NP
+. . O
+
+But CC O
+it PRP B-NP
+all DT B-NP
+evens VBZ B-VP
+out IN B-PRT
+, , O
+It PRP B-NP
+'s VBZ B-VP
+so RB B-ADJP
+easy JJ I-ADJP
+to TO B-VP
+see VB I-VP
+: : O
+Not RB B-PP
+till IN I-PP
+the DT B-NP
+last JJ I-NP
+moment NN I-NP
+Am NNP O
+I PRP B-NP
+paid VBD B-VP
+what WP B-NP
+'s VBZ B-VP
+due JJ B-ADJP
+me PRP B-NP
+. . O
+
+-- : B-NP
+Arnold NNP I-NP
+J. NNP I-NP
+Zarett NNP I-NP
+. . O
+
+Rex NNP B-NP
+Tremendae NNP I-NP
+
+The DT B-NP
+effete JJ I-NP
+Tyrannosaurus NNP I-NP
+Rex NNP I-NP
+Had VBD B-VP
+strict JJ B-NP
+Cretaceous NNP I-NP
+views NNS I-NP
+on IN B-PP
+sex NN B-NP
+, , O
+And CC O
+that DT B-NP
+is VBZ B-VP
+why WRB B-ADVP
+you PRP B-NP
+only RB B-ADVP
+see VBP B-VP
+him PRP B-NP
+Reproduced VBN B-VP
+in IN B-PP
+the DT B-NP
+museum NN I-NP
+. . O
+
+-- : B-NP
+Laurence NNP I-NP
+W. NNP I-NP
+Thomas NNP I-NP
+. . O
+
+Helmsley NNP B-NP
+Enterprises NNPS I-NP
+Inc. NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+close VB I-VP
+its PRP$ B-NP
+company-owned JJ I-NP
+insurance NN I-NP
+business NN I-NP
+and CC O
+is VBZ B-VP
+seeking VBG I-VP
+other JJ B-NP
+brokers NNS I-NP
+to TO B-VP
+take VB I-VP
+over IN B-PRT
+its PRP$ B-NP
+policies NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+individuals NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+firm NN I-NP
+. . O
+
+Helmsley NNP B-NP
+Enterprises NNPS I-NP
+is VBZ B-VP
+the DT B-NP
+umbrella NN I-NP
+organization NN I-NP
+for IN B-PP
+companies NNS B-NP
+controlled VBN B-VP
+by IN B-PP
+Harry NNP B-NP
+B. NNP I-NP
+Helmsley NNP I-NP
+. . O
+
+These DT B-NP
+include VBP B-VP
+office NN B-NP
+and CC I-NP
+residential JJ I-NP
+real JJ I-NP
+estate NN I-NP
+giant NN I-NP
+, , O
+HelmsleySpear NNP B-NP
+Inc. NNP I-NP
+, , O
+and CC O
+Helmsley NNP B-NP
+Hotels NNP I-NP
+. . O
+
+The DT B-NP
+insurance NN I-NP
+brokerage NN I-NP
+agency NN I-NP
+, , O
+just RB B-NP
+a DT I-NP
+fragment NN I-NP
+of IN B-PP
+Helmsley NNP B-NP
+'s POS B-NP
+vast JJ I-NP
+empire NN I-NP
+, , O
+would MD B-VP
+be VB I-VP
+the DT B-NP
+first JJ I-NP
+piece NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+be VB I-VP
+stripped VBN I-VP
+away RB B-ADVP
+since IN B-PP
+last JJ B-NP
+summer NN I-NP
+when WRB B-ADVP
+Mr. NNP B-NP
+Helmsley NNP I-NP
+'s POS B-NP
+wife NN I-NP
+, , O
+Leona NNP B-NP
+Helmsley NNP I-NP
+, , O
+was VBD B-VP
+found VBN I-VP
+guilty JJ B-ADJP
+of IN B-PP
+tax NN B-NP
+evasion NN I-NP
+. . O
+
+Industry NN B-NP
+sources NNS I-NP
+estimate VBP B-VP
+the DT B-NP
+agency NN I-NP
+brokers NNS B-VP
+property NN B-NP
+and CC I-NP
+casualty NN I-NP
+premiums NNS I-NP
+worth JJ B-ADJP
+about RB B-NP
+$ $ I-NP
+25 CD I-NP
+million CD I-NP
+annually RB B-ADVP
+, , O
+and CC O
+has VBZ B-VP
+revenue NN B-NP
+, , O
+based VBN B-PP
+on IN B-PP
+a DT B-NP
+standard JJ I-NP
+10 CD I-NP
+% NN I-NP
+commission NN I-NP
+rate NN I-NP
+, , O
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+2.5 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+insurance NN I-NP
+firm NN I-NP
+acts NNS B-VP
+as IN B-PP
+a DT B-NP
+broker NN I-NP
+on IN B-PP
+policies NNS B-NP
+covering VBG B-VP
+buildings NNS B-NP
+managed VBN B-VP
+by IN B-PP
+HelmsleySpear NNP B-NP
+and CC I-NP
+others NNS I-NP
+. . O
+
+Many JJ B-NP
+of IN B-PP
+the DT B-NP
+properties NNS I-NP
+are VBP B-VP
+owned VBN I-VP
+through IN B-PP
+limited JJ B-NP
+partnerships NNS I-NP
+controlled VBN B-VP
+by IN B-PP
+Mr. NNP B-NP
+Helmsley NNP I-NP
+. . O
+
+New NNP B-NP
+York NNP I-NP
+State NNP I-NP
+law NN I-NP
+prohibits VBZ B-VP
+insurance NN B-NP
+brokerages NNS I-NP
+from IN B-PP
+deriving VBG B-VP
+more JJR B-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+of IN B-PP
+revenue NN B-NP
+from IN B-PP
+insuring VBG B-VP
+affiliated VBN B-NP
+companies NNS I-NP
+. . O
+
+Helmsley NNP B-NP
+'s POS B-NP
+insurance NN I-NP
+division NN I-NP
+had VBD B-VP
+slightly RB I-VP
+exceeded VBN I-VP
+that DT B-NP
+percentage NN I-NP
+, , O
+sources NNS B-NP
+say VBP B-VP
+, , O
+but CC O
+the DT B-NP
+division NN I-NP
+was VBD B-VP
+n't RB I-VP
+considered VBN I-VP
+significant JJ B-ADJP
+enough RB I-ADJP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+be VB I-VP
+restructured VBN I-VP
+, , O
+particularly RB B-PP
+at IN I-PP
+a DT B-NP
+difficult JJ I-NP
+time NN I-NP
+for IN B-PP
+the DT B-NP
+firm NN I-NP
+. . O
+
+Adverse JJ B-NP
+publicity NN I-NP
+from IN B-PP
+the DT B-NP
+scandal NN I-NP
+surrounding VBG B-VP
+its PRP$ B-NP
+founder NN I-NP
+'s POS B-NP
+wife NN I-NP
+and CC O
+related VBN B-NP
+management NN I-NP
+strife NN I-NP
+have VBP B-VP
+put VBN I-VP
+pressure NN B-NP
+on IN B-PP
+the DT B-NP
+entire JJ I-NP
+Helmsley NNP I-NP
+organization NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+individuals NNS B-NP
+close VBP B-ADJP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+insist VBP B-VP
+shuttering VBG B-VP
+the DT B-NP
+insurance NN I-NP
+division NN I-NP
+, , O
+a DT B-NP
+sideline NN I-NP
+from IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+core NN I-NP
+property NN I-NP
+management NN I-NP
+business NN I-NP
+, , O
+is VBZ B-VP
+n't RB O
+the DT B-NP
+beginning NN I-NP
+of IN B-PP
+a DT B-NP
+sale NN I-NP
+of IN B-PP
+assets NNS B-NP
+. . O
+
+Helmsley NNP B-NP
+'s POS B-NP
+insurance NN I-NP
+premiums NNS I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+transferred VBN I-VP
+to TO B-PP
+several JJ B-NP
+different JJ I-NP
+insurance NN I-NP
+brokerage NN I-NP
+companies NNS I-NP
+. . O
+
+Frank NNP B-NP
+B. NNP I-NP
+Hall NNP I-NP
+Inc. NNP I-NP
+of IN B-PP
+Briarcliff NNP B-NP
+Manor NNP I-NP
+, , O
+N.Y. NNP B-NP
+is VBZ B-VP
+reportedly RB I-VP
+working VBG I-VP
+out RP B-PRT
+an DT B-NP
+agreement NN I-NP
+with IN B-PP
+Helmsley NNP B-NP
+. . O
+
+Officials NNS B-NP
+there EX B-ADVP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+, , O
+as IN B-SBAR
+did VBD O
+Helmsley NNP B-NP
+management NN I-NP
+. . O
+
+Outside IN B-PP
+the DT B-NP
+white-walled JJ I-NP
+headquarters NN I-NP
+of IN B-PP
+the DT B-NP
+socalled JJ I-NP
+Society NNP I-NP
+of IN B-PP
+Orange NNP B-NP
+Workers NNPS I-NP
+, , O
+all DT B-NP
+seems VBZ B-VP
+normal JJ B-ADJP
+in IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+'s POS B-NP
+abnormal JJ I-NP
+society NN I-NP
+. . O
+
+A DT B-NP
+pickup NN I-NP
+truck NN I-NP
+driven VBN B-VP
+by IN B-PP
+a DT B-NP
+white JJ I-NP
+farmer NN I-NP
+rumbles VBZ B-VP
+past JJ B-ADVP
+with IN B-PP
+a DT B-NP
+load NN I-NP
+of IN B-PP
+black JJ B-NP
+workers NNS I-NP
+bouncing VBG B-VP
+in IN B-PP
+the DT B-NP
+back RB I-NP
+. . O
+
+Over IN B-PP
+at IN B-PP
+Conradies NNP B-NP
+, , O
+the DT B-NP
+general JJ I-NP
+store NN I-NP
+, , O
+a DT B-NP
+black JJ I-NP
+stock NN I-NP
+boy NN I-NP
+scurries NNS B-VP
+to TO I-VP
+help VB I-VP
+an DT B-NP
+elderly JJ I-NP
+white JJ I-NP
+woman NN I-NP
+with IN B-PP
+her PRP$ B-NP
+packages NNS I-NP
+. . O
+
+Down IN B-PP
+the DT B-NP
+street NN I-NP
+, , O
+a DT B-NP
+car NN I-NP
+pulls VBZ B-VP
+into IN B-PP
+the DT B-NP
+Shell NNP I-NP
+station NN I-NP
+and CC O
+is VBZ B-VP
+surrounded VBN I-VP
+by IN B-PP
+black JJ B-NP
+attendants NNS I-NP
+. . O
+
+But CC O
+inside IN B-PP
+the DT B-NP
+white JJ I-NP
+walls NNS I-NP
+of IN B-PP
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+' POS B-NP
+office NN I-NP
+-- : O
+just RB B-NP
+about IN I-NP
+the DT I-NP
+largest JJS I-NP
+building NN I-NP
+in IN B-PP
+town NN B-NP
+, , O
+save VB B-PP
+for IN B-PP
+the DT B-NP
+Dutch NNP I-NP
+Reformed NNP I-NP
+Church NNP I-NP
+and CC O
+the DT B-NP
+school NN I-NP
+-- : O
+South NNP B-NP
+Africa NNP I-NP
+'s POS B-NP
+neat JJ I-NP
+racial JJ I-NP
+order NN I-NP
+is VBZ B-VP
+awry RB B-ADJP
+. . O
+
+A DT B-NP
+dozen NN I-NP
+white JJ I-NP
+office NN I-NP
+workers NNS I-NP
+fold VBP B-VP
+newsletters NNS B-NP
+and CC O
+stuff NN B-VP
+them PRP B-NP
+into IN B-PP
+envelopes NNS B-NP
+. . O
+
+White JJ B-NP
+women NNS I-NP
+serve VBP B-VP
+tea NN B-NP
+and CC I-NP
+coffee NN I-NP
+, , O
+and CC O
+then JJ O
+wash NN B-VP
+the DT B-NP
+cups NNS I-NP
+and CC I-NP
+saucers NNS I-NP
+afterwards RB B-ADVP
+. . O
+
+White JJ B-NP
+children NNS I-NP
+empty VB B-VP
+the DT B-NP
+wastepaper NN I-NP
+baskets NNS I-NP
+and CC O
+squeegee VBP B-VP
+the DT B-NP
+windows NNS I-NP
+. . O
+
+There EX B-NP
+is VBZ B-VP
+n't RB O
+a DT B-NP
+black JJ I-NP
+worker NN I-NP
+in IN B-PP
+sight NN B-NP
+. . O
+
+Not RB O
+in IN B-PP
+the DT B-NP
+kitchen NN I-NP
+, , O
+or CC O
+the DT B-NP
+storeroom NN I-NP
+or CC O
+the DT B-NP
+book NN I-NP
+shop NN I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+we PRP B-NP
+want VBP B-VP
+to TO I-VP
+have VB I-VP
+our PRP$ B-NP
+own JJ I-NP
+nation NN I-NP
+, , O
+then RB B-ADVP
+we PRP B-NP
+must MD B-VP
+be VB I-VP
+willing JJ B-ADJP
+to TO B-VP
+do VB I-VP
+all PDT B-NP
+the DT I-NP
+work NN I-NP
+ourselves PRP B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Hendrik NNP B-NP
+Verwoerd NNP I-NP
+Jr. NNP I-NP
+, , O
+son NN B-NP
+of IN B-PP
+the DT B-NP
+former JJ I-NP
+prime JJ I-NP
+minister NN I-NP
+and CC O
+the DT B-NP
+leader NN I-NP
+of IN B-PP
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+, , O
+founded VBN B-VP
+in IN B-PP
+1980 CD B-NP
+. . O
+
+They PRP B-NP
+do VBP B-VP
+indeed RB I-VP
+want VB I-VP
+their PRP$ B-NP
+own JJ I-NP
+nation NN I-NP
+. . O
+
+The DT B-NP
+pillars NNS I-NP
+of IN B-PP
+apartheid NN B-NP
+may MD B-VP
+be VB I-VP
+trembling VBG I-VP
+in IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+, , O
+with IN B-PP
+Johannesburg NNP B-NP
+opening VBG B-VP
+its PRP$ B-NP
+public JJ I-NP
+facilities NNS I-NP
+to TO B-PP
+all DT B-NP
+races NNS I-NP
+, , O
+blacks NNS B-NP
+storming VBG B-VP
+the DT B-NP
+all-white JJ I-NP
+beaches NNS I-NP
+of IN B-PP
+the DT B-NP
+Cape NNP I-NP
+and CC O
+the DT B-NP
+government NN I-NP
+releasing VBG B-VP
+seven CD B-NP
+leaders NNS I-NP
+of IN B-PP
+the DT B-NP
+banned VBN I-NP
+African NNP I-NP
+National NNP I-NP
+Congress NNP I-NP
+. . O
+
+But CC O
+here RB B-ADVP
+in IN B-PP
+Morgenzon NNP B-NP
+, , O
+a DT B-NP
+sleepy JJ I-NP
+town NN I-NP
+amid IN B-PP
+the DT B-NP
+corn NN I-NP
+fields NNS I-NP
+of IN B-PP
+the DT B-NP
+eastern JJ I-NP
+Transvaal NNP I-NP
+, , O
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+are VBP B-VP
+holding VBG I-VP
+the DT B-NP
+pillars NNS I-NP
+steady JJ B-ADJP
+. . O
+
+The DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+-- : O
+who WP B-NP
+take VBP B-VP
+their PRP$ B-NP
+name NN I-NP
+from IN B-PP
+William NNP B-NP
+of IN B-PP
+Orange NNP B-NP
+of IN B-PP
+the DT B-NP
+Netherlands NNP I-NP
+, , O
+a DT B-NP
+hero NN I-NP
+of IN B-PP
+the DT B-NP
+Dutch-descended JJ I-NP
+Afrikaners NNPS I-NP
+-- : O
+believe VBP B-VP
+that IN B-SBAR
+the DT B-NP
+solution NN I-NP
+to TO B-PP
+South NNP B-NP
+Africa NNP I-NP
+'s POS B-NP
+racial JJ I-NP
+problems NNS I-NP
+is VBZ B-VP
+n't RB O
+the DT B-NP
+abolition NN I-NP
+of IN B-PP
+apartheid NN B-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+the DT B-NP
+perfection NN I-NP
+of IN B-PP
+apartheid NN B-NP
+-- : O
+complete JJ B-NP
+and CC I-NP
+total JJ I-NP
+separation NN I-NP
+of IN B-PP
+the DT B-NP
+races NNS I-NP
+. . O
+
+Here RB B-ADVP
+, , O
+then RB B-ADVP
+, , O
+is VBZ B-VP
+where WRB B-ADVP
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+have VBP B-VP
+come VBN I-VP
+to TO B-VP
+make VB I-VP
+apartheid NN B-NP
+'s POS B-NP
+last JJ I-NP
+stand NN I-NP
+. . O
+
+Their PRP$ B-NP
+idea NN I-NP
+is VBZ B-VP
+to TO B-VP
+create VB I-VP
+a DT B-NP
+city NN I-NP
+, , O
+first JJ B-ADVP
+, , O
+and CC O
+then RB O
+an DT B-NP
+entire JJ I-NP
+nation NN I-NP
+-- : O
+without IN B-PP
+blacks NNS B-NP
+. . O
+
+This DT B-NP
+may MD B-VP
+seem VB I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+preposterous JJ I-NP
+and CC I-NP
+utterly RB I-NP
+futile JJ I-NP
+effort NN I-NP
+in IN B-PP
+Africa NNP B-NP
+. . O
+
+And CC O
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+there EX B-NP
+are VBP B-VP
+only RB B-NP
+3,000 CD I-NP
+card-carrying JJ I-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+may MD B-VP
+put VB I-VP
+them PRP B-NP
+on IN B-PP
+the DT B-NP
+loony JJ I-NP
+fringe NN I-NP
+. . O
+
+But CC O
+their PRP$ B-NP
+ideal NN I-NP
+of IN B-PP
+an DT B-NP
+Afrikaner JJ I-NP
+homeland NN I-NP
+, , O
+an DT B-NP
+all-white JJ I-NP
+reserve NN I-NP
+to TO B-VP
+be VB I-VP
+carved VBN I-VP
+out IN B-ADVP
+of IN B-PP
+present-day JJ B-NP
+South NNP I-NP
+Africa NNP I-NP
+, , O
+is VBZ B-VP
+a DT B-NP
+mainstream NN I-NP
+desire NN I-NP
+of IN B-PP
+the DT B-NP
+right-wing NN I-NP
+, , O
+which WDT B-NP
+embraces VBZ B-VP
+about IN B-NP
+one-third NN I-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+five CD I-NP
+million CD I-NP
+whites NNS I-NP
+. . O
+
+Afrikaner JJ B-NP
+philosophers NNS I-NP
+and CC I-NP
+theologians NNS I-NP
+have VBP B-VP
+long RB I-VP
+ruminated VBN I-VP
+on IN B-PP
+the DT B-NP
+need NN I-NP
+for IN B-PP
+a DT B-NP
+white JJ I-NP
+homeland NN I-NP
+. . O
+
+The DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+are VBP B-VP
+just RB I-VP
+putting VBG I-VP
+this DT B-NP
+preaching NN I-NP
+into IN B-PP
+practice NN B-NP
+. . O
+
+Thus RB B-ADVP
+, , O
+farmer NN B-NP
+Johan NNP I-NP
+Fischer NNP I-NP
+, , O
+his PRP$ B-NP
+T-shirt NN I-NP
+and CC I-NP
+jeans NNS I-NP
+covered VBN B-VP
+in IN B-PP
+grease NN B-NP
+, , O
+crawls VBZ B-VP
+around IN B-ADVP
+under IN B-PP
+his PRP$ B-NP
+planter NN I-NP
+, , O
+tightening VBG B-VP
+bolts NNS B-NP
+and CC O
+fixing VBG B-VP
+dents NNS B-NP
+. . O
+
+On IN B-PP
+almost RB B-ADVP
+every DT I-ADVP
+other JJ B-NP
+farm NN I-NP
+in IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+, , O
+black JJ B-NP
+workers NNS I-NP
+do VBP B-VP
+the DT B-NP
+repairs NNS I-NP
+. . O
+
+But CC O
+not RB O
+here RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Fischer NNP I-NP
+plows VBZ B-VP
+his PRP$ B-NP
+own JJ I-NP
+fields NNS I-NP
+, , O
+sows VBZ B-VP
+his PRP$ B-NP
+own JJ I-NP
+corn NN I-NP
+and CC I-NP
+sunflowers NNS I-NP
+, , O
+and CC O
+feeds VBZ B-VP
+his PRP$ B-NP
+own JJ I-NP
+sheep NN I-NP
+. . O
+
+Over IN B-PP
+at IN B-PP
+the DT B-NP
+fiberglass NNS I-NP
+factory NN I-NP
+, , O
+four CD B-NP
+white JJ I-NP
+workers NNS I-NP
+assemble VBP B-VP
+water NN B-NP
+tanks NNS I-NP
+on IN B-PP
+their PRP$ B-NP
+own JJ I-NP
+, , O
+and CC O
+in IN B-PP
+their PRP$ B-NP
+spare JJ I-NP
+time NN I-NP
+they PRP B-NP
+build VBP B-VP
+townhouses NNS B-NP
+across IN B-PP
+the DT B-NP
+road NN I-NP
+. . O
+
+On IN B-PP
+Main NNP B-NP
+Street NNP I-NP
+, , O
+Alida NNP B-NP
+Verwoerd NNP I-NP
+and CC O
+her PRP$ B-NP
+daughters NNS I-NP
+look VBP B-VP
+after IN B-PP
+the DT B-NP
+clothes NNS I-NP
+and CC I-NP
+fabric NN I-NP
+shop NN I-NP
+, , O
+then JJ O
+hurry NN B-VP
+home NN B-ADVP
+to TO B-VP
+fix VB I-VP
+lunch NN B-NP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+family NN I-NP
+. . O
+
+Down IN B-PP
+by IN B-PP
+the DT B-NP
+stream NN I-NP
+, , O
+a DT B-NP
+group NN I-NP
+of IN B-PP
+Orange NNP B-NP
+Workers NNPS I-NP
+puts VBZ B-VP
+the DT B-NP
+finishing VBG I-NP
+touches NNS I-NP
+on IN B-PP
+a DT B-NP
+golf NN I-NP
+course NN I-NP
+. . O
+
+If IN B-SBAR
+whites NNS B-NP
+want VBP B-VP
+to TO I-VP
+play VB I-VP
+there RB B-ADVP
+by IN B-PP
+themselves PRP B-NP
+, , O
+says VBZ B-VP
+consulting NN B-NP
+engineer NN I-NP
+Willem NNP I-NP
+van NNP I-NP
+Heerden NNP I-NP
+, , O
+whites NNS B-NP
+should MD B-VP
+also RB I-VP
+build VB I-VP
+it PRP B-NP
+by IN B-PP
+themselves PRP B-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+we PRP B-NP
+want VBP B-VP
+to TO I-VP
+survive VB I-VP
+as IN B-PP
+a DT B-NP
+people NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+we PRP B-NP
+have VBP B-VP
+to TO I-VP
+change VB I-VP
+our PRP$ B-NP
+way NN I-NP
+of IN B-PP
+life NN B-NP
+. . O
+
+The DT B-NP
+Afrikaner JJ I-NP
+must MD B-VP
+end VB I-VP
+his PRP$ B-NP
+reliance NN I-NP
+on IN B-PP
+others NNS B-NP
+. . O
+'' '' O
+
+In IN B-PP
+their PRP$ B-NP
+quest NN I-NP
+to TO B-VP
+perfect JJ I-VP
+apartheid NN B-NP
+, , O
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+have VBP B-VP
+discovered VBN I-VP
+a DT B-NP
+truth NN I-NP
+that IN B-NP
+most RBS B-NP
+of IN B-PP
+privileged JJ B-NP
+white JJ I-NP
+South NNP I-NP
+Africa NNP I-NP
+tries VBZ B-VP
+mightily RB B-ADVP
+to TO B-VP
+deny VB I-VP
+: : O
+The DT B-NP
+master NN I-NP
+ca MD B-VP
+n't RB I-VP
+become VB I-VP
+dependent JJ B-ADJP
+on IN B-PP
+the DT B-NP
+slave NN I-NP
+and CC O
+expect VBP B-VP
+to TO I-VP
+remain VB I-VP
+master NN B-NP
+forever RB B-ADVP
+. . O
+
+`` `` O
+If IN B-SBAR
+apartheid NN B-NP
+means VBZ B-VP
+you PRP B-NP
+want VBP B-VP
+cheap JJ B-NP
+black JJ I-NP
+labor NN I-NP
+and CC O
+all PDT B-NP
+the DT I-NP
+comforts NNS I-NP
+that WDT B-NP
+go VBP B-VP
+with IN B-PP
+it PRP B-NP
+, , O
+but CC O
+you PRP B-NP
+also RB B-ADVP
+want VBP B-VP
+to TO I-VP
+exclude VB I-VP
+the DT B-NP
+blacks NNS I-NP
+from IN B-PP
+social JJ B-NP
+and CC I-NP
+political JJ I-NP
+integration NN I-NP
+, , O
+then RB B-ADVP
+these DT B-NP
+are VBP B-VP
+two CD B-NP
+contradictions NNS I-NP
+that WDT B-NP
+ca MD B-VP
+n't RB I-VP
+go VB I-VP
+on IN B-PRT
+forever RB B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Verwoerd NNP I-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+sitting VBG I-VP
+in IN B-PP
+his PRP$ B-NP
+living NN I-NP
+room NN I-NP
+, , O
+beneath IN B-PP
+a DT B-NP
+huge JJ I-NP
+portrait NN I-NP
+of IN B-PP
+his PRP$ B-NP
+late JJ I-NP
+father NN I-NP
+, , O
+Hendrik NNP B-NP
+F. NNP I-NP
+Verwoerd NNP I-NP
+, , O
+apartheid NN B-NP
+'s POS B-NP
+architect NN I-NP
+and CC O
+South JJ B-NP
+African JJ I-NP
+prime JJ I-NP
+minister NN I-NP
+from IN B-PP
+1958 CD B-NP
+to TO B-PP
+1966 CD B-NP
+. . O
+
+Somewhere RB B-ADVP
+, , O
+the DT B-NP
+son NN I-NP
+sighs VBZ B-VP
+, , O
+things NNS B-NP
+went VBN B-VP
+terribly RB B-ADJP
+wrong JJ I-ADJP
+with IN B-PP
+apartheid NN B-NP
+; : O
+today NN B-NP
+, , O
+whites NNS B-NP
+even RB B-ADVP
+rely VBP B-VP
+on IN B-PP
+blacks NNS B-NP
+to TO B-VP
+police VB I-VP
+their PRP$ B-NP
+separation NN I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+took VBD B-VP
+separate JJ B-NP
+development NN I-NP
+as IN B-PP
+an DT B-NP
+opportunity NN I-NP
+to TO B-VP
+use VB I-VP
+black JJ B-NP
+labor NN I-NP
+without IN B-PP
+ever RB B-ADVP
+getting VBG B-VP
+rid JJ B-ADJP
+of IN B-PP
+it PRP B-NP
+. . O
+
+But CC O
+my PRP$ B-NP
+father NN I-NP
+meant VBD B-VP
+it PRP B-NP
+to TO B-VP
+mean VB I-VP
+real JJ B-NP
+separation NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+the DT B-NP
+son NN I-NP
+. . O
+
+The DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+speak VBP B-VP
+sincerely RB B-ADVP
+. . O
+
+`` `` O
+We PRP B-NP
+agree VBP B-VP
+with IN B-PP
+world NN B-NP
+opinion NN I-NP
+that IN B-SBAR
+the DT B-NP
+status NN I-NP
+quo FW I-NP
+in IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+is VBZ B-VP
+morally RB B-ADJP
+wrong JJ I-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Pieter NNP B-NP
+Bruwer NNP I-NP
+, , O
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+' POS B-NP
+chief JJ I-NP
+scribe NN I-NP
+and CC I-NP
+pamphleteer NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+must MD B-VP
+either DT I-VP
+integrate VB I-VP
+honestly RB B-ADVP
+or CC O
+segregate VB B-VP
+honestly RB B-ADVP
+. . O
+'' '' O
+
+Morgenzon NNP B-NP
+has VBZ B-VP
+long RB I-VP
+been VBN I-VP
+a DT B-NP
+special JJ I-NP
+domain NN I-NP
+of IN B-PP
+Afrikanerdom NNP B-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+Mr. NNP B-NP
+Verwoerd NNP I-NP
+, , O
+the DT B-NP
+early JJ I-NP
+Afrikaner JJ I-NP
+pioneers NNS I-NP
+were VBD B-VP
+the DT B-NP
+first JJ I-NP
+people NNS I-NP
+to TO B-VP
+settle VB I-VP
+in IN B-PP
+the DT B-NP
+eastern JJ I-NP
+Transvaal NNP I-NP
+, , O
+even RB B-PP
+before IN I-PP
+the DT B-NP
+blacks NNS I-NP
+. . O
+
+Then RB O
+, , O
+when WRB B-ADVP
+Morgenzon NNP B-NP
+was VBD B-VP
+incorporated VBN I-VP
+in IN B-PP
+1908 CD B-NP
+, , O
+the DT B-NP
+farmer NN I-NP
+who WP B-NP
+owned VBD B-VP
+the DT B-NP
+land NN I-NP
+stipulated VBD B-VP
+that IN B-SBAR
+only JJ B-NP
+whites NNS I-NP
+could MD B-VP
+reside VB I-VP
+in IN B-PP
+town NN B-NP
+; : O
+blacks NNS B-NP
+could MD B-VP
+work VB I-VP
+there EX B-ADVP
+, , O
+but CC O
+they PRP B-NP
+had VBD B-VP
+to TO I-VP
+leave VB I-VP
+at IN B-PP
+night NN B-NP
+. . O
+
+Today NN B-NP
+, , O
+Morgenzon NNP B-NP
+is VBZ B-VP
+a DT B-NP
+town NN I-NP
+of IN B-PP
+800 CD B-NP
+whites NNS I-NP
+and CC O
+two CD B-NP
+paved JJ I-NP
+roads NNS I-NP
+. . O
+
+Weeds NNS B-NP
+push VBP B-VP
+up IN B-ADVP
+through IN B-PP
+the DT B-NP
+cracks NNS I-NP
+in IN B-PP
+the DT B-NP
+sidewalks NNS I-NP
+, , O
+and CC O
+many JJ B-NP
+houses NNS I-NP
+and CC I-NP
+storefronts NNS I-NP
+are VBP B-VP
+empty JJ B-ADJP
+. . O
+
+There EX B-NP
+are VBP B-VP
+few JJ B-NP
+factories NNS I-NP
+and CC O
+no DT B-NP
+mines NNS I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+an DT B-NP
+ideal JJ I-NP
+place NN I-NP
+for IN B-SBAR
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+to TO B-VP
+start VB I-VP
+their PRP$ B-NP
+new JJ I-NP
+nation NN I-NP
+, , O
+unencumbered JJ B-ADJP
+by IN B-PP
+the DT B-NP
+demographics NNS I-NP
+that WDT B-NP
+have VBP B-VP
+undermined VBN I-VP
+apartheid NN B-NP
+elsewhere RB B-ADVP
+in IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+. . O
+
+So RB B-ADVP
+far RB I-ADVP
+, , O
+about IN B-NP
+150 CD I-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+have VBP B-VP
+moved VBN I-VP
+here RB B-ADVP
+, , O
+spending NN B-VP
+nearly RB B-NP
+$ $ I-NP
+1 CD I-NP
+million CD I-NP
+buying VBG B-VP
+up IN B-PRT
+property NN B-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+three CD I-NP
+years NNS I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+complete JJ B-NP
+and CC I-NP
+total JJ I-NP
+segregation NN I-NP
+remains VBZ B-VP
+elusive JJ B-ADJP
+. . O
+
+Just RB B-PP
+beyond IN I-PP
+the DT B-NP
+city NN I-NP
+limits NNS I-NP
+is VBZ B-VP
+a DT B-NP
+shantytown NN I-NP
+of IN B-PP
+2,000 CD B-NP
+blacks NNS I-NP
+who WP B-NP
+are VBP B-VP
+employed VBN I-VP
+throughout IN B-PP
+the DT B-NP
+area NN I-NP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+' POS B-NP
+intention NN I-NP
+to TO B-VP
+put VB I-VP
+them PRP B-NP
+all DT B-NP
+out NN B-PP
+of IN B-PP
+work NN B-NP
+, , O
+they PRP B-NP
+are VBP B-VP
+in IN B-PP
+no DT B-NP
+hurry NN I-NP
+to TO B-VP
+leave VB I-VP
+. . O
+
+A DT B-NP
+young JJ I-NP
+man NN I-NP
+called VBN B-VP
+July NNP B-NP
+-LRB- ( O
+that DT B-NP
+'s VBZ B-VP
+when WRB B-ADVP
+he PRP B-NP
+was VBD B-VP
+born VBN I-VP
+-RRB- ) O
+, , O
+who WP B-NP
+works VBZ B-VP
+at IN B-PP
+the DT B-NP
+railroad NN I-NP
+station NN I-NP
+just RB B-PP
+up IN I-PP
+the DT B-NP
+street NN I-NP
+from IN B-PP
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+office NN I-NP
+, , O
+points VBZ B-VP
+at IN B-PP
+the DT B-NP
+whitewalled JJ I-NP
+building NN I-NP
+and CC O
+says VBZ B-VP
+matter-of-factly RB B-ADVP
+, , O
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+not RB I-VP
+allowed VBN I-VP
+in IN B-PP
+there EX B-NP
+, , O
+that DT B-NP
+'s VBZ B-VP
+all DT B-NP
+I PRP B-NP
+know VBP B-VP
+. . O
+'' '' O
+
+The DT B-NP
+650-or-so JJ I-NP
+local JJ I-NP
+whites NNS I-NP
+who WP B-NP
+are VBP B-VP
+n't RB O
+Orange NNP B-NP
+Workers NNPS I-NP
+are VBP B-VP
+more RBR B-ADJP
+troubled JJ I-ADJP
+. . O
+
+Try VB B-VP
+as IN B-SBAR
+they PRP B-NP
+might MD B-VP
+, , O
+they PRP B-NP
+just RB B-ADVP
+ca MD B-VP
+n't RB I-VP
+conceive VB I-VP
+of IN B-PP
+life NN B-NP
+without IN B-PP
+black JJ B-NP
+workers NNS I-NP
+. . O
+
+`` `` O
+Impossible JJ B-ADJP
+, , I-ADJP
+impossible JJ I-ADJP
+, , O
+'' '' O
+say VBP B-VP
+the DT B-NP
+Conradies NNP I-NP
+, , O
+an DT B-NP
+elderly JJ I-NP
+couple NN I-NP
+who WP B-NP
+have VBP B-VP
+run VBN I-VP
+the DT B-NP
+general JJ I-NP
+store NN I-NP
+for IN B-PP
+decades NNS B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+ca MD B-VP
+n't RB I-VP
+do VB I-VP
+without IN B-PP
+their PRP$ B-NP
+help NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mrs. NNP B-NP
+Conradie NNP I-NP
+. . O
+
+`` `` O
+Oh UH B-INTJ
+no DT I-INTJ
+. . O
+
+We PRP B-NP
+need VBP B-VP
+them PRP B-NP
+and CC O
+I PRP B-NP
+thank VBP B-VP
+God NNP B-NP
+for IN B-PP
+them PRP B-NP
+. . O
+'' '' O
+
+Over IN B-PP
+at IN B-PP
+the DT B-NP
+Shell NNP I-NP
+station NN I-NP
+, , O
+owner NN B-NP
+Rudi NNP I-NP
+van NNP I-NP
+Dyk NNP I-NP
+, , O
+who WP B-NP
+doubles VBZ B-VP
+as IN B-PP
+Morgenzon NNP B-NP
+'s POS B-NP
+mayor NN I-NP
+, , O
+worries VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+have VBP B-VP
+made VBN I-VP
+his PRP$ B-NP
+town NN I-NP
+the DT B-NP
+laughingstock NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+. . O
+
+`` `` O
+What WP B-NP
+they PRP B-NP
+want VBP B-VP
+us PRP B-NP
+to TO B-VP
+do VB I-VP
+just RB B-ADVP
+is VBZ B-VP
+n't RB O
+practical JJ B-ADJP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+noting VBG B-VP
+that IN B-SBAR
+he PRP B-NP
+employs VBZ B-VP
+16 CD B-NP
+blacks NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+could MD B-VP
+n't RB I-VP
+afford VB I-VP
+to TO I-VP
+hire VB I-VP
+16 CD B-NP
+whites NNS I-NP
+. . O
+
+The DT B-NP
+only RB I-NP
+Afrikaners NNPS I-NP
+who WP B-NP
+would MD B-VP
+be VB I-VP
+willing JJ B-ADJP
+to TO B-VP
+work VB I-VP
+for IN B-PP
+this DT B-NP
+salary NN I-NP
+would MD B-VP
+n't RB I-VP
+know VB I-VP
+how WRB B-ADVP
+to TO B-VP
+handle VB I-VP
+money NN B-NP
+. . O
+'' '' O
+
+Back RB B-ADVP
+at IN B-PP
+the DT B-NP
+Verwoerd NNP I-NP
+house NN I-NP
+, , O
+Hendrik NNP B-NP
+Sr. NNP I-NP
+peers NNS B-VP
+down RB B-ADVP
+over IN B-PP
+the DT B-NP
+shoulder NN I-NP
+of IN B-PP
+Hendrik NNP B-NP
+Jr NNP I-NP
+. . O
+
+The DT B-NP
+son NN I-NP
+believes VBZ B-VP
+that IN B-SBAR
+when WRB B-ADVP
+the DT B-NP
+Afrikaners NNPS I-NP
+finally RB B-ADVP
+realize VB B-VP
+there EX B-NP
+is VBZ B-VP
+no DT B-NP
+turning VBG B-VP
+back RB B-ADVP
+the DT B-NP
+integration NN I-NP
+of IN B-PP
+South JJ B-NP
+African JJ I-NP
+society NN I-NP
+and CC I-NP
+politics NNS I-NP
+, , O
+Morgenzon NNP B-NP
+will MD B-VP
+boom VB I-VP
+. . O
+
+`` `` O
+We PRP B-NP
+urge VBP B-VP
+our PRP$ B-NP
+people NNS I-NP
+not RB O
+to TO B-VP
+wait VB I-VP
+until IN B-SBAR
+they PRP B-NP
+have VBP B-VP
+to TO I-VP
+fight VB I-VP
+for IN B-PP
+their PRP$ B-NP
+own JJ I-NP
+nation NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Verwoerd NNP I-NP
+. . O
+
+`` `` O
+By IN B-PP
+populating VBG B-VP
+a DT B-NP
+place NN I-NP
+now RB B-ADVP
+, , O
+we PRP B-NP
+make VBP B-VP
+ourselves PRP B-NP
+a DT B-NP
+power NN I-NP
+any DT B-NP
+new JJ I-NP
+government NN I-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+take VB I-VP
+into IN B-PP
+account NN B-NP
+. . O
+'' '' O
+
+Curiously RB B-ADVP
+, , O
+he PRP B-NP
+compares VBZ B-VP
+the DT B-NP
+Orange NNP I-NP
+Workers NNPS I-NP
+to TO B-PP
+the DT B-NP
+ANC NNP I-NP
+, , O
+which WDT B-NP
+his PRP$ B-NP
+father NN I-NP
+outlawed VBN B-VP
+in IN B-PP
+1960 CD B-NP
+. . O
+
+`` `` O
+The DT B-NP
+ANC NNP I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+stopped VBN I-VP
+until IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+a DT B-NP
+provision NN I-NP
+for IN B-PP
+black JJ B-NP
+aspirations NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Verwoerd NNP I-NP
+. . O
+
+`` `` O
+Likewise RB B-ADVP
+, , O
+no DT B-NP
+government NN I-NP
+will MD B-VP
+stop VB I-VP
+this DT B-NP
+idea NN I-NP
+of IN B-PP
+the DT B-NP
+Afrikaners NNPS I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+apologizes VBZ B-VP
+for IN B-PP
+sounding VBG B-VP
+pushy JJ B-ADJP
+. . O
+
+`` `` O
+Look VB B-VP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+If IN B-SBAR
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+wants VBZ B-VP
+to TO I-VP
+have VB I-VP
+an DT B-NP
+integrated VBN I-NP
+melting VBG I-NP
+pot NN I-NP
+, , O
+that DT B-NP
+'s VBZ B-VP
+their PRP$ B-NP
+choice NN I-NP
+. . O
+
+We PRP B-NP
+'ll MD B-VP
+leave VB I-VP
+them PRP B-NP
+alone RB B-ADVP
+. . O
+
+We PRP B-NP
+just RB B-ADVP
+want VBP B-VP
+to TO I-VP
+have VB I-VP
+our PRP$ B-NP
+own JJ I-NP
+cup NN I-NP
+of IN B-PP
+tea NN B-NP
+. . O
+'' '' O
+
+And CC O
+they PRP B-NP
+will MD B-VP
+even RB I-VP
+serve VB I-VP
+it PRP B-NP
+themselves PRP B-NP
+. . O
+
+Okay UH B-INTJ
+, , O
+now RB B-ADVP
+you PRP B-NP
+can MD B-VP
+pick VB I-VP
+up IN B-PRT
+that DT B-NP
+phone NN I-NP
+. . O
+
+But CC O
+do VBP B-VP
+n't RB I-VP
+do VB I-VP
+anything NN B-NP
+rash NN B-ADJP
+. . O
+
+After IN B-PP
+last JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+stock-market NN I-NP
+plunge NN I-NP
+, , O
+investment NN B-NP
+professionals NNS I-NP
+cautioned VBD B-VP
+people NNS B-NP
+to TO B-VP
+resist VB I-VP
+the DT B-NP
+urge NN I-NP
+to TO B-VP
+call VB I-VP
+their PRP$ B-NP
+brokers NNS I-NP
+and CC O
+sell VB B-VP
+stocks NNS B-NP
+. . O
+
+Not RB O
+selling VBG B-VP
+into IN B-PP
+a DT B-NP
+panic NN I-NP
+turned VBD B-VP
+out IN B-PRT
+to TO B-VP
+be VB I-VP
+very RB B-NP
+good JJ I-NP
+advice NN I-NP
+: : O
+Despite IN B-PP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+volatility NN I-NP
+, , O
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+has VBZ B-VP
+surged VBN I-VP
+114 CD B-NP
+points NNS I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+four CD I-NP
+days NNS I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+with IN B-PP
+a DT B-NP
+semblance NN I-NP
+of IN B-PP
+normalcy NN B-NP
+returning VBG B-VP
+, , O
+some DT B-NP
+advisers NNS I-NP
+say VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+for IN B-SBAR
+investors NNS B-NP
+to TO B-VP
+take VB I-VP
+a DT B-NP
+hard JJ I-NP
+, , I-NP
+cold JJ I-NP
+look NN I-NP
+at IN B-PP
+the DT B-NP
+stocks NNS I-NP
+they PRP B-NP
+own JJ B-VP
+and CC O
+consider VB B-VP
+some DT B-NP
+careful JJ I-NP
+pruning NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+market NN I-NP
+is VBZ B-VP
+sending VBG I-VP
+nervous JJ B-NP
+signals NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Peter NNP B-NP
+J. NNP I-NP
+Canelo NNP I-NP
+, , O
+chief JJ B-NP
+market NN I-NP
+strategist NN I-NP
+for IN B-PP
+Bear NNP B-NP
+, , I-NP
+Stearns NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+and CC O
+it PRP B-NP
+'s VBZ B-VP
+`` `` O
+unwise JJ B-ADJP
+'' '' O
+to TO B-VP
+be VB I-VP
+overcommitted VBN I-VP
+to TO B-PP
+stocks NNS B-NP
+. . O
+
+Alan NNP B-NP
+Weston NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Weston NNP B-NP
+Capital NNP I-NP
+Management NNP I-NP
+, , O
+a DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+money-management NN I-NP
+firm NN I-NP
+, , O
+adds VBZ B-VP
+that IN B-SBAR
+in IN B-PP
+periods NNS B-NP
+of IN B-PP
+uncertainty NN B-NP
+like IN B-PP
+today NN B-NP
+, , O
+`` `` O
+it PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+good JJ I-NP
+time NN I-NP
+to TO B-VP
+cut VB I-VP
+out RP B-PRT
+the IN B-NP
+dead JJ I-NP
+branches NNS I-NP
+of IN B-PP
+your PRP$ B-NP
+portfolio NN I-NP
+. . O
+'' '' O
+
+Not RB B-NP
+everybody NN I-NP
+agrees VBZ B-VP
+that IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+to TO B-VP
+trim VB I-VP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+n't RB O
+inclined VBN B-ADJP
+to TO B-VP
+prune VB I-VP
+stock NN B-NP
+portfolios NNS I-NP
+now RB B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Steven NNP B-NP
+G. NNP I-NP
+Einhorn NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+investment NN I-NP
+policy NN I-NP
+committee NN I-NP
+of IN B-PP
+Goldman NNP B-NP
+, , I-NP
+Sachs NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+`` `` O
+Investors NNS B-NP
+should MD B-VP
+stay VB I-VP
+with IN B-PP
+their PRP$ B-NP
+stocks NNS I-NP
+. . O
+
+We PRP B-NP
+expect VBP B-VP
+a DT B-NP
+choppy JJ I-NP
+and CC I-NP
+sloppy JJ I-NP
+market NN I-NP
+for IN B-PP
+a DT B-NP
+short JJ I-NP
+period NN I-NP
+, , O
+but CC O
+we PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+it PRP B-NP
+will MD B-VP
+be VB I-VP
+ugly JJ B-ADJP
+. . O
+
+The DT B-NP
+downside NN I-NP
+is VBZ B-VP
+limited JJ B-ADJP
+. . O
+'' '' O
+
+And CC O
+even RB B-ADVP
+those DT B-NP
+who WP B-NP
+say VBP B-VP
+some DT B-NP
+selective JJ I-NP
+selling NN I-NP
+may MD B-VP
+be VB I-VP
+in IN B-PP
+order NN B-NP
+stress NN B-VP
+that IN B-SBAR
+individuals NNS B-NP
+need VBP B-VP
+to TO I-VP
+be VB I-VP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+to TO B-VP
+achieve VB I-VP
+their PRP$ B-NP
+long-term JJ I-NP
+investment NN I-NP
+objectives NNS I-NP
+and CC O
+to TO B-VP
+help VB I-VP
+balance VB I-VP
+their PRP$ B-NP
+other JJ I-NP
+assets NNS I-NP
+. . O
+
+Any DT B-NP
+selling NN I-NP
+, , O
+they PRP B-NP
+say VBP B-VP
+, , O
+should MD B-VP
+be VB I-VP
+well RB B-ADJP
+thought-out JJ I-ADJP
+, , O
+and CC O
+executed VBD B-VP
+gradually RB B-ADVP
+, , O
+during IN B-PP
+market NN B-NP
+rallies NNS I-NP
+. . O
+
+They PRP B-NP
+offer VBP B-VP
+these DT B-NP
+suggestions NNS I-NP
+: : O
+
+GET VB B-VP
+RID VB I-VP
+OF IN B-PP
+THE DT B-NP
+DOGS NNS I-NP
+. . O
+
+`` `` O
+Sell VB B-VP
+stocks NNS B-NP
+that WDT B-NP
+are VBP B-VP
+n't RB I-VP
+doing VBG I-VP
+well RB B-ADVP
+now RB B-ADVP
+, , O
+and CC O
+that DT B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+good JJ B-NP
+earnings NNS I-NP
+prospects NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Alfred NNP B-NP
+Goldman NNP I-NP
+, , O
+technical JJ B-NP
+analyst NN I-NP
+at IN B-PP
+St. NNP B-NP
+Louis-based JJ I-NP
+A.G. NNP I-NP
+Edwards NNP I-NP
+& CC I-NP
+Sons NNP I-NP
+. . O
+
+`` `` O
+Most JJS B-NP
+people NNS I-NP
+do VBP B-VP
+just RB B-NP
+the DT I-NP
+opposite JJ I-NP
+: : O
+They PRP B-NP
+sell VBP B-VP
+their PRP$ B-NP
+winners NNS I-NP
+and CC O
+keep VB B-VP
+their PRP$ B-NP
+losers NNS I-NP
+. . O
+'' '' O
+
+Which WDT B-NP
+types NNS I-NP
+of IN B-PP
+stocks NNS B-NP
+are VBP B-VP
+most RBS B-ADVP
+likely JJ I-ADVP
+to TO B-VP
+qualify VB I-VP
+? . O
+
+Technology NN B-NP
+stocks NNS I-NP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Goldman NNP I-NP
+. . O
+
+WATCH VB B-VP
+FOR IN B-PP
+EARNINGS NNS B-NP
+DISAPPOINTMENTS NNS I-NP
+. . O
+
+A DT B-NP
+company NN I-NP
+does VBZ B-VP
+n't RB I-VP
+have VB I-VP
+to TO I-VP
+post VB I-VP
+a DT B-NP
+loss NN I-NP
+to TO B-VP
+be VB I-VP
+a DT B-NP
+candidate NN I-NP
+for IN B-PP
+sale NN B-NP
+, , O
+says VBZ B-VP
+Charles NNP B-NP
+I. NNP I-NP
+Clough NNP I-NP
+Jr. NNP I-NP
+, , O
+chief JJ B-NP
+market NN I-NP
+strategist NN I-NP
+at IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+If IN B-SBAR
+earnings NNS B-NP
+do NN B-VP
+n't RB I-VP
+live VB I-VP
+up IN B-PRT
+to TO B-PP
+analysts NNS B-NP
+' POS B-NP
+expectations NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+that DT B-NP
+'s VBZ B-VP
+enough RB B-ADJP
+to TO B-VP
+dump VB I-VP
+the DT B-NP
+stock NN I-NP
+. . O
+
+John NNP B-NP
+Markese NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+research NN B-NP
+for IN B-PP
+the DT B-NP
+American NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Individual JJ B-NP
+Investors NNS I-NP
+, , O
+raises VBZ B-VP
+a DT B-NP
+cautionary JJ I-NP
+note NN I-NP
+. . O
+
+`` `` O
+Substituting VBG B-VP
+a DT B-NP
+rule NN I-NP
+of IN B-PP
+thumb NN B-NP
+for IN B-PP
+your PRP$ B-NP
+own JJ I-NP
+judgment NN I-NP
+'' '' O
+can MD B-VP
+be VB I-VP
+a DT B-NP
+mistake NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+An DT B-NP
+earnings NNS I-NP
+disappointment NN I-NP
+may MD B-VP
+reflect VB I-VP
+a DT B-NP
+situation NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+short-term JJ B-ADJP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Clough NNP I-NP
+says VBZ B-VP
+, , O
+`` `` O
+The DT B-NP
+risk NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+earnings NNS B-NP
+disappointments NNS I-NP
+will MD B-VP
+continue VB I-VP
+. . O
+'' '' O
+
+The DT B-NP
+economy NN I-NP
+is VBZ B-VP
+decelerating VBG I-VP
+after IN B-PP
+six CD B-NP
+good JJ I-NP
+years NNS I-NP
+, , O
+and CC O
+`` `` O
+right RB B-ADVP
+now RB I-ADVP
+it PRP B-NP
+'s VBZ B-VP
+better JJR B-ADJP
+to TO B-VP
+shoot VB I-VP
+first JJ B-ADVP
+and CC O
+ask VB B-VP
+questions NNS B-NP
+later RB B-ADVP
+. . O
+'' '' O
+
+Which WDT B-NP
+types NNS I-NP
+of IN B-PP
+stocks NNS B-NP
+currently RB B-ADVP
+have VBP B-VP
+the DT B-NP
+greatest JJS I-NP
+earnings NNS I-NP
+risks NNS I-NP
+? . O
+
+Computer NN B-NP
+companies NNS I-NP
+; : O
+commodity NN B-NP
+cyclical JJ I-NP
+stocks NNS I-NP
+, , O
+like IN B-PP
+autos NNS B-NP
+; : O
+and CC O
+retailing NN B-NP
+stocks NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+BEWARE VB B-VP
+OF IN B-PP
+HEAVY JJ B-NP
+DEBT NN I-NP
+. . O
+
+The DT B-NP
+companies NNS I-NP
+apt JJ B-ADJP
+to TO B-VP
+run VB I-VP
+into IN B-PP
+earnings NNS B-NP
+problems NNS I-NP
+soonest JJS B-ADVP
+are VBP B-VP
+the DT B-NP
+ones NNS I-NP
+with IN B-PP
+heavy JJ B-NP
+debt NN I-NP
+loads NNS I-NP
+, , O
+says VBZ B-VP
+Larry NNP B-NP
+Biehl NNP I-NP
+, , O
+partner NN B-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Mateo NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+money-management NN I-NP
+firm NN I-NP
+of IN B-PP
+Bailard NNP B-NP
+, , I-NP
+Biehl NNP I-NP
+& CC I-NP
+Kaiser NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Canelo NNP I-NP
+of IN B-PP
+Bear NNP B-NP
+Stearns NNP I-NP
+agrees VBZ B-VP
+: : O
+`` `` O
+If IN B-SBAR
+we PRP B-NP
+do VBP B-VP
+have VB I-VP
+an DT B-NP
+economic JJ I-NP
+slowdown NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+companies NNS B-NP
+with IN B-PP
+high JJ B-NP
+debt NN I-NP
+ratios NNS I-NP
+will MD B-VP
+be VB I-VP
+dumped VBN I-VP
+en IN B-ADVP
+masse FW I-ADVP
+. . O
+'' '' O
+
+The DT B-NP
+best JJS I-NP
+course NN I-NP
+for IN B-PP
+individual JJ B-NP
+investors NNS I-NP
+is VBZ B-VP
+to TO B-VP
+sell VB I-VP
+these DT B-NP
+stocks NNS I-NP
+now RB B-ADVP
+, , O
+the DT B-NP
+two CD I-NP
+advisers NNS I-NP
+say VBP B-VP
+. . O
+
+SELL VB B-VP
+` `` B-NP
+WHISPER NN I-NP
+' '' I-NP
+STOCKS NNS I-NP
+. . O
+
+UAL NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+difficulty NN I-NP
+in IN B-PP
+obtaining VBG B-VP
+bank NN B-NP
+financing NN I-NP
+for IN B-PP
+its PRP$ B-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+and CC O
+its PRP$ B-NP
+resulting VBG I-NP
+price NN I-NP
+plunge NN I-NP
+is VBZ B-VP
+a DT B-NP
+tip-off NN I-NP
+to TO B-PP
+what WP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+happen VB I-VP
+to TO B-PP
+`` `` O
+takeover NN B-NP
+stocks NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Canelo NNP I-NP
+. . O
+
+Takeover NN B-NP
+activity NN I-NP
+will MD B-VP
+slow VB I-VP
+down RB B-PRT
+as IN O
+more JJR B-NP
+and CC I-NP
+more JJR I-NP
+banks NNS I-NP
+tighten VBP B-VP
+their PRP$ B-NP
+lending NN I-NP
+requirements NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+There EX B-NP
+'ll MD B-VP
+be VB I-VP
+fewer JJR B-NP
+and CC I-NP
+fewer JJR I-NP
+deals NNS I-NP
+. . O
+'' '' O
+
+Moreover RB B-ADVP
+, , O
+many JJ B-NP
+financial JJ I-NP
+advisers NNS I-NP
+say VBP B-VP
+individuals NNS B-NP
+should MD B-VP
+be VB I-VP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+as IN B-PP
+long-term JJ B-NP
+investors NNS I-NP
+, , B-PP
+not RB I-PP
+as IN B-PP
+traders NNS B-NP
+trying VBG B-VP
+to TO I-VP
+catch VB I-VP
+the DT B-NP
+next JJ I-NP
+hot JJ I-NP
+stock NN I-NP
+. . O
+
+In IN B-PP
+general JJ B-ADJP
+, , O
+they PRP B-NP
+say VBP B-VP
+, , O
+avoid VB B-VP
+takeover NN B-NP
+stocks NNS I-NP
+. . O
+
+COMPARE VB B-VP
+P\/E NNP B-NP
+RATIOS NNS I-NP
+WITH IN B-PP
+PROSPECTS NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Canelo NNP I-NP
+suggests VBZ B-VP
+that IN B-SBAR
+investors NNS B-NP
+compare VBP B-VP
+price\/earnings NNS B-NP
+ratios NNS I-NP
+-LRB- ( O
+the DT B-NP
+price NN I-NP
+of IN B-PP
+a DT B-NP
+share NN I-NP
+of IN B-PP
+stock NN B-NP
+divided VBN B-VP
+by IN B-PP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+per-share JJ I-NP
+earnings NNS I-NP
+for IN B-PP
+a DT B-NP
+12-month JJ I-NP
+period NN I-NP
+-RRB- ) O
+with IN B-PP
+projected VBN B-NP
+growth NN I-NP
+rates NNS I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+think VBP B-VP
+earnings NNS B-NP
+will MD B-VP
+grow VB I-VP
+at IN B-PP
+20 CD B-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+all DT B-ADJP
+right NN I-ADJP
+to TO B-VP
+pay VB I-VP
+20 CD B-NP
+times NNS I-NP
+earnings NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+But CC O
+do VBP B-VP
+n't RB I-VP
+pay VB I-VP
+30 CD B-NP
+times NNS I-NP
+earnings NNS I-NP
+for IN B-PP
+a DT B-NP
+company NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+grow VB I-VP
+at IN B-PP
+15 CD B-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Canelo NNP I-NP
+thinks VBZ B-VP
+the DT B-NP
+market NN I-NP
+will MD B-VP
+probably RB I-VP
+go VB I-VP
+higher JJR B-ADVP
+, , O
+but CC O
+`` `` O
+will MD B-VP
+be VB I-VP
+ruthless JJ B-ADJP
+with IN B-PP
+stocks NNS B-NP
+if IN B-SBAR
+the DT B-NP
+earnings NNS I-NP
+are VBP B-VP
+n't RB O
+there RB B-ADVP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Markese NNP I-NP
+cautions VBZ B-VP
+that IN B-SBAR
+investors NNS B-NP
+should MD B-VP
+n't RB I-VP
+slavishly RB I-VP
+follow VB I-VP
+any DT B-NP
+specific JJ I-NP
+price\/earnings NNS I-NP
+sell VBP I-NP
+trigger VB I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+say VBP B-VP
+sell VB I-VP
+anytime RB B-NP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+price\/earnings NNS I-NP
+ratio NN I-NP
+exceeds VBZ B-VP
+15 CD B-NP
+, , O
+that WDT B-NP
+knocks VBZ B-VP
+out RP B-PRT
+all DT B-NP
+your PRP$ I-NP
+growth NN I-NP
+stocks NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+You PRP B-NP
+eliminate VBP B-VP
+companies NNS B-NP
+with IN B-PP
+substantial JJ B-NP
+prospects NNS I-NP
+that WDT B-NP
+are VBP B-VP
+moving VBG I-VP
+up IN B-ADVP
+in IN B-PP
+price NN B-NP
+. . O
+'' '' O
+
+EXAMINE VB B-VP
+WHAT WP B-NP
+HAS VBZ B-VP
+CHANGED VBN I-VP
+. . O
+
+Tom NNP B-NP
+Schlesinger NNP I-NP
+, , O
+market NN B-NP
+analyst NN I-NP
+at IN B-PP
+A.G. NNP B-NP
+Edwards NNP I-NP
+& CC I-NP
+Sons NNP I-NP
+Inc. NNP I-NP
+, , O
+says VBZ B-VP
+investors NNS B-NP
+should MD B-VP
+consider VB I-VP
+selling VBG B-NP
+if IN B-SBAR
+there EX B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+fundamental JJ I-NP
+change NN I-NP
+in IN B-PP
+a DT B-NP
+company NN I-NP
+since IN B-SBAR
+they PRP B-NP
+bought VBD B-VP
+its PRP$ B-NP
+stock NN I-NP
+. . O
+
+Say VB B-VP
+you PRP B-NP
+purchased VBD B-VP
+a DT B-NP
+stock NN I-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+new JJ I-NP
+product NN I-NP
+that WDT B-NP
+was VBD B-VP
+in IN B-PP
+the DT B-NP
+works NNS I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+because IN B-PP
+of IN I-PP
+various JJ B-NP
+difficulties NNS I-NP
+, , O
+the DT B-NP
+product NN I-NP
+has VBZ B-VP
+been VBN I-VP
+scrapped VBN I-VP
+. . O
+
+Time NNP B-NP
+to TO B-VP
+sell VB I-VP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Schlesinger NNP I-NP
+. . O
+
+Similarly RB B-ADVP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+suppose VBP B-VP
+you PRP B-NP
+were VBD B-VP
+attracted VBN I-VP
+to TO B-PP
+a DT B-NP
+company NN I-NP
+because IN B-PP
+of IN I-PP
+expectations NNS B-NP
+that IN B-SBAR
+sales NNS B-NP
+would MD B-VP
+hit VB I-VP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+by IN B-PP
+1990 CD B-NP
+. . O
+
+If IN B-SBAR
+things NNS B-NP
+have VBP B-VP
+n't RB I-VP
+worked VBN I-VP
+out RP B-PRT
+that IN B-ADVP
+well RB I-ADVP
+, , O
+and CC O
+sales NNS B-NP
+wo MD B-VP
+n't RB I-VP
+hit VB I-VP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+until IN B-PP
+1992 CD B-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+to TO B-VP
+consider VB I-VP
+selling VBG B-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+USX NNP B-NP
+Corp. NNP I-NP
+declined VBD B-VP
+a DT B-NP
+United NNP I-NP
+Steelworkers NNPS I-NP
+request NN I-NP
+for IN B-PP
+a DT B-NP
+reopening VBG I-NP
+of IN B-PP
+its PRP$ B-NP
+four-year JJ I-NP
+labor NN I-NP
+contract NN I-NP
+that WDT B-NP
+is VBZ B-VP
+due JJ B-ADJP
+to TO B-VP
+expire VB I-VP
+Jan. NNP B-NP
+31 CD I-NP
+, , I-NP
+1991 CD I-NP
+. . O
+
+The DT B-NP
+union NN I-NP
+on IN B-PP
+Oct. NNP B-NP
+5 NN I-NP
+requested VBD B-VP
+that IN B-SBAR
+the DT B-NP
+contract NN I-NP
+be VB B-VP
+reopened VBN I-VP
+to TO B-VP
+restore VB I-VP
+all DT B-NP
+pay NN I-NP
+and CC I-NP
+benefits NNS I-NP
+that IN B-NP
+the DT B-NP
+union NN I-NP
+gave VBD B-VP
+up IN B-PRT
+in IN B-PP
+the DT B-NP
+1982-83 CD I-NP
+and CC I-NP
+1986-87 CD I-NP
+rounds NNS I-NP
+of IN B-PP
+bargaining NN B-NP
+. . O
+
+A DT B-NP
+United NNP I-NP
+Steelworkers NNPS I-NP
+spokeman NN I-NP
+said VBD B-VP
+Lynn NNP B-NP
+Williams NNP I-NP
+, , O
+the DT B-NP
+union NN I-NP
+'s POS B-NP
+president NN I-NP
+, , O
+was VBD B-VP
+out IN B-PP
+of IN B-PP
+town NN B-NP
+. . O
+
+The DT B-NP
+union NN I-NP
+wo MD B-VP
+n't RB I-VP
+respond VB I-VP
+to TO B-PP
+the DT B-NP
+USX NNP I-NP
+statement NN I-NP
+until IN B-SBAR
+Mr. NNP B-NP
+Williams NNP I-NP
+has VBZ B-VP
+studied VBN I-VP
+it PRP B-NP
+, , O
+the DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+Robert NNP B-NP
+A. NNP I-NP
+Oswald NNP I-NP
+, , O
+chief JJ B-NP
+financial JJ I-NP
+officer NN I-NP
+and CC O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+this DT B-NP
+natural-gas NN I-NP
+pipeline NN I-NP
+company NN I-NP
+, , O
+was VBD B-VP
+elected VBN I-VP
+to TO B-PP
+the DT B-NP
+additional JJ I-NP
+position NN I-NP
+of IN B-PP
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+Michael NNP B-NP
+W. NNP I-NP
+O'Donnell NNP I-NP
+, , O
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+a DT B-NP
+Columbia NNP I-NP
+unit NN I-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+assistant NN B-NP
+chief NN I-NP
+financial JJ I-NP
+officer NN I-NP
+and CC O
+a DT B-NP
+senior JJ I-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+the DT B-NP
+parent NN I-NP
+company NN I-NP
+. . O
+
+The DT B-NP
+appointments NNS I-NP
+take VBP B-VP
+effect NN B-NP
+Nov. NNP B-NP
+1 CD I-NP
+. . O
+
+Both DT B-NP
+men NNS I-NP
+are VBP B-VP
+44 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+. . O
+
+This DT B-NP
+magazine NN I-NP
+and CC I-NP
+book NN I-NP
+publisher NN I-NP
+said VBD B-VP
+three CD B-NP
+men NNS I-NP
+were VBD B-VP
+elected VBN I-VP
+directors NNS B-NP
+, , O
+increasing VBG B-VP
+the DT B-NP
+board NN I-NP
+to TO B-PP
+10 CD B-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+: : O
+James NNP B-NP
+R. NNP I-NP
+Eiszner NNP I-NP
+, , O
+62 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+and CC O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+CPC NNP B-NP
+International NNP I-NP
+Inc. NNP I-NP
+; : O
+Robert NNP B-NP
+G. NNP I-NP
+Schwartz NNP I-NP
+, , O
+61 CD B-NP
+, , O
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Metropolitan NNP B-NP
+Life NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+and CC O
+Walter NNP B-NP
+V. NNP I-NP
+Shipley NNP I-NP
+, , O
+53 CD B-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Chemical NNP B-NP
+Banking NNP I-NP
+Corp NNP I-NP
+. . O
+
+BankAmerica NNP B-NP
+Corp. NNP I-NP
+reported VBD B-VP
+a DT B-NP
+34 CD I-NP
+% NN I-NP
+jump NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+earnings NNS I-NP
+, , O
+as IN B-SBAR
+its PRP$ B-NP
+rocket-like JJ I-NP
+recovery NN I-NP
+from IN B-PP
+nearly RB B-NP
+ruinous JJ I-NP
+losses NNS I-NP
+several JJ B-NP
+years NNS I-NP
+ago RB B-ADVP
+continued VBD B-VP
+to TO I-VP
+be VB I-VP
+fueled VBN I-VP
+by IN B-PP
+growth NN B-NP
+in IN B-PP
+consumer NN B-NP
+loans NNS I-NP
+, , O
+higher JJR B-NP
+interest NN I-NP
+margins NNS I-NP
+and CC O
+negligible JJ B-NP
+loan NN I-NP
+losses NNS I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+BankAmerica NNP B-NP
+said VBD B-VP
+it PRP B-NP
+earned VBD B-VP
+$ $ B-NP
+254 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.16 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+190 CD I-NP
+million CD I-NP
+, , O
+or CC O
+97 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+BankAmerica NNP B-NP
+spokesmen NNS I-NP
+said VBD B-VP
+preliminary JJ B-NP
+reports NNS I-NP
+indicate VBP B-VP
+the DT B-NP
+company NN I-NP
+was VBD B-VP
+n't RB I-VP
+materially RB I-VP
+affected VBN I-VP
+by IN B-PP
+the DT B-NP
+Tuesday NNP I-NP
+earthquake NN I-NP
+. . O
+
+All DT B-NP
+but CC I-NP
+eight CD I-NP
+of IN B-PP
+the DT B-NP
+850 CD I-NP
+branches NNS I-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+some DT B-NP
+structural JJ I-NP
+damage NN I-NP
+, , O
+reopened VBD B-VP
+yesterday NN B-NP
+for IN B-PP
+business NN B-NP
+. . O
+
+Automated NNP B-NP
+teller NN I-NP
+machine NN I-NP
+operations NNS I-NP
+also RB B-ADVP
+were VBD B-VP
+up IN B-ADVP
+and CC O
+operating VBG B-VP
+yesterday NN B-NP
+, , O
+a DT B-NP
+bank NN I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+in IN B-PP
+nearly RB B-NP
+two CD I-NP
+years NNS I-NP
+, , O
+BankAmerica NNP B-NP
+results NNS I-NP
+failed VBD B-VP
+to TO I-VP
+improve VB I-VP
+in IN B-PP
+consecutive JJ B-NP
+quarters NNS I-NP
+, , O
+but CC O
+the DT B-NP
+decline NN I-NP
+from IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+was VBD B-VP
+attributable JJ B-ADJP
+to TO B-PP
+special JJ B-NP
+factors NNS I-NP
+. . O
+
+Third-quarter JJ B-NP
+profit NN I-NP
+was VBD B-VP
+16 CD B-NP
+% NN I-NP
+below IN B-PP
+the DT B-NP
+$ $ I-NP
+304 CD I-NP
+million CD I-NP
+, , I-NP
+or CC I-NP
+$ $ I-NP
+1.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+earned VBD B-VP
+in IN B-PP
+the DT B-NP
+1989 CD I-NP
+second JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+cited VBD B-VP
+higher JJR B-NP
+tax NN I-NP
+credits NNS I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+, , O
+totaling VBG B-VP
+$ $ B-NP
+63 CD I-NP
+million CD I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+28 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+Excluding VBG B-PP
+tax NN B-NP
+credits NNS I-NP
+, , O
+profit NN B-NP
+was VBD B-VP
+6 CD B-NP
+% NN I-NP
+below IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+. . O
+
+But CC O
+that DT B-NP
+drop NN I-NP
+was VBD B-VP
+caused VBN I-VP
+entirely RB B-ADVP
+by IN B-PP
+a DT B-NP
+decline NN I-NP
+in IN B-PP
+Brazilian JJ B-NP
+interest NN I-NP
+paid VBN B-VP
+, , O
+to TO B-PP
+$ $ B-NP
+5 NN I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+54 CD I-NP
+million CD I-NP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+BankAmerica NNP B-NP
+continued VBD B-VP
+to TO I-VP
+build VB I-VP
+its PRP$ B-NP
+reserve NN I-NP
+against IN B-PP
+troubled JJ B-NP
+foreign JJ I-NP
+loans NNS I-NP
+by IN B-PP
+boosting VBG B-VP
+its PRP$ B-NP
+loan-loss NN I-NP
+provision NN I-NP
+to TO B-PP
+$ $ B-NP
+170 CD I-NP
+million CD I-NP
+, , O
+about IN B-NP
+the DT I-NP
+same JJ I-NP
+as IN B-PP
+the DT B-NP
+previous JJ I-NP
+quarter NN I-NP
+but CC O
+well RB B-PP
+above IN I-PP
+the DT B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+provision NN I-NP
+rate NN I-NP
+was VBD B-VP
+far RB B-PP
+above IN I-PP
+BankAmerica NNP B-NP
+'s POS B-NP
+actual JJ I-NP
+net JJ I-NP
+credit NN I-NP
+losses NNS I-NP
+of IN B-PP
+$ $ B-NP
+24 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+18 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+period NN I-NP
+and CC O
+$ $ B-NP
+38 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+BankAmerica NNP B-NP
+said VBD B-VP
+its PRP$ B-NP
+reserve NN I-NP
+against IN B-PP
+troubled JJ B-NP
+foreign-country JJ I-NP
+loans NNS I-NP
+, , O
+once RB B-PP
+below IN I-PP
+25 CD B-NP
+% NN I-NP
+, , O
+now RB B-ADVP
+amounts VBZ B-VP
+to TO B-PP
+45 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+$ $ I-NP
+6.4 CD I-NP
+billion CD I-NP
+of IN B-PP
+non-trade JJ B-NP
+debt NN I-NP
+it PRP B-NP
+calculates VBZ B-VP
+it PRP B-NP
+is VBZ B-VP
+owed VBN I-VP
+by IN B-PP
+those DT B-NP
+nations NNS I-NP
+. . O
+
+That DT B-NP
+level NN I-NP
+is VBZ B-VP
+about IN B-NP
+the DT I-NP
+same JJ I-NP
+as IN B-PP
+some DT B-NP
+other JJ I-NP
+big JJ I-NP
+banks NNS I-NP
+, , O
+but CC O
+far RB B-PP
+below IN I-PP
+the DT B-NP
+85 CD I-NP
+% NN I-NP
+and CC I-NP
+100 CD I-NP
+% NN I-NP
+reserves NNS I-NP
+of IN B-PP
+Bankers NNP B-NP
+Trust NNP I-NP
+New NNP I-NP
+York NNP I-NP
+Corp. NNP I-NP
+and CC O
+J.P. NNP B-NP
+Morgan NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+respectively RB B-ADVP
+. . O
+
+By IN B-PP
+any DT B-NP
+measure NN I-NP
+, , O
+third-quarter JJ B-NP
+earnings NNS I-NP
+were VBD B-VP
+still RB B-ADVP
+robust JJ B-ADJP
+, , O
+equivalent NN B-ADJP
+to TO B-PP
+a DT B-NP
+0.92 CD I-NP
+% NN I-NP
+return NN I-NP
+on IN B-PP
+assets NNS B-NP
+even RB B-VP
+excluding VBG I-VP
+tax NN B-NP
+credits NNS I-NP
+. . O
+
+By IN B-PP
+that DT B-NP
+key JJ I-NP
+measure NN I-NP
+of IN B-PP
+operating VBG B-NP
+efficiency NN I-NP
+, , O
+BankAmerica NNP B-NP
+turned VBD B-VP
+in IN B-PRT
+a DT B-NP
+better JJR I-NP
+performance NN I-NP
+than IN B-PP
+its PRP$ B-NP
+well-regarded JJ I-NP
+Los NNP I-NP
+Angeles-based JJ I-NP
+competitor NN I-NP
+, , O
+Security NNP B-NP
+Pacific NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+posted VBD B-VP
+a DT B-NP
+0.89 CD I-NP
+% NN I-NP
+return NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+But CC O
+it PRP B-NP
+continued VBD B-VP
+to TO I-VP
+badly RB I-VP
+trail VBP I-VP
+its PRP$ B-NP
+San NNP I-NP
+Francisco NNP I-NP
+neighbor NN I-NP
+, , O
+Wells NNP B-NP
+Fargo NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+reported VBD B-VP
+an DT B-NP
+extraordinary JJ I-NP
+1.25 CD I-NP
+% NN I-NP
+return NN I-NP
+on IN B-PP
+assets NNS B-NP
+. . O
+
+Both DT B-NP
+returns NNS I-NP
+do VBP B-VP
+n't RB I-VP
+include VB I-VP
+any DT B-NP
+tax NN I-NP
+credits NNS I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+-LCB- ( O
+BankAmerica NNP B-NP
+-RCB- ) O
+continue VB B-VP
+to TO I-VP
+show VB I-VP
+good JJ B-NP
+performance NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Donald NNP B-NP
+K. NNP I-NP
+Crowley NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Keefe NNP B-NP
+, , I-NP
+Bruyette NNP I-NP
+& CC I-NP
+Woods NNP I-NP
+Inc. NNP I-NP
+, , O
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+yesterday NN B-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+BankAmerica NNP B-NP
+common JJ I-NP
+stock NN I-NP
+edged VBD B-VP
+up IN B-ADVP
+12.5 CD B-NP
+cents NNS I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+32 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Shareholder NN B-NP
+equity NN I-NP
+improved VBN B-VP
+to TO B-PP
+4.68 CD B-NP
+% NN I-NP
+from IN B-PP
+4.23 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+previous JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+4.52 CD I-NP
+% NN I-NP
+net JJ I-NP
+interest NN I-NP
+margin NN I-NP
+, , O
+or CC O
+the DT B-NP
+difference NN I-NP
+between IN B-PP
+the DT B-NP
+yield NN I-NP
+on IN B-PP
+a DT B-NP
+bank NN I-NP
+'s POS B-NP
+investments NNS I-NP
+and CC O
+the DT B-NP
+rate NN I-NP
+it PRP B-NP
+pays VBZ B-VP
+for IN B-PP
+deposits NNS B-NP
+and CC O
+other JJ B-NP
+borrowings NNS I-NP
+, , O
+was VBD B-VP
+still RB B-ADVP
+markedly RB B-ADJP
+higher JJR I-ADJP
+than IN B-PP
+the DT B-NP
+3.91 CD I-NP
+% NN I-NP
+ratio NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+and CC O
+is VBZ B-VP
+among IN B-PP
+the DT B-NP
+best JJS I-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+high JJ I-NP
+margin NN I-NP
+partly RB B-VP
+stems VBZ I-VP
+from IN B-PP
+continued VBN B-NP
+strong JJ I-NP
+growth NN I-NP
+in IN B-PP
+high-yielding JJ B-NP
+consumer NN I-NP
+loans NNS I-NP
+, , O
+which WDT B-NP
+jumped VBD B-VP
+31 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+17.47 CD I-NP
+billion CD I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+and CC O
+residential JJ B-NP
+mortgages NNS I-NP
+, , O
+which WDT B-NP
+rose VBD B-VP
+25 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+12 CD I-NP
+billion CD I-NP
+. . O
+
+BankAmerica NNP B-NP
+'s POS B-NP
+total JJ I-NP
+loans NNS I-NP
+rose VBD B-VP
+8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+71.36 CD I-NP
+billion CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+BankAmerica NNP B-NP
+profit NN I-NP
+soared VBD B-VP
+81 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+833 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.07 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+461 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.40 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+will MD B-VP
+announce VB I-VP
+on IN B-PP
+Tuesday NNP B-NP
+a DT B-NP
+slew NN I-NP
+of IN B-PP
+software NN B-NP
+products NNS I-NP
+aimed VBN B-VP
+at IN B-PP
+eliminating VBG B-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+major JJ I-NP
+problems NNS I-NP
+involved VBN B-ADJP
+in IN B-PP
+computerizing VBG B-VP
+manufacturing NN B-NP
+operations NNS I-NP
+, , O
+industry NN B-NP
+executives NNS I-NP
+said VBD B-VP
+. . O
+
+Many JJ B-NP
+plant NN I-NP
+floors NNS I-NP
+currently RB B-ADVP
+resemble VBP B-VP
+a DT B-NP
+Tower NNP I-NP
+of IN B-PP
+Babel NNP B-NP
+, , O
+with IN B-PP
+computers NNS B-NP
+, , O
+robots NNS B-NP
+and CC O
+machine NN B-NP
+tools NNS I-NP
+that WDT B-NP
+generally RB B-ADVP
+speak VB B-VP
+their PRP$ B-NP
+own JJ I-NP
+language NN I-NP
+and CC O
+have VBP B-VP
+trouble NN B-NP
+talking VBG B-VP
+to TO B-PP
+each DT B-NP
+other NN I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+if IN B-SBAR
+a DT B-NP
+problem NN I-NP
+develops VBZ B-VP
+on IN B-PP
+a DT B-NP
+production NN I-NP
+line NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+unlikely JJ B-ADJP
+some DT B-NP
+supervisor NN I-NP
+sitting VBG B-VP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+a DT B-NP
+personal JJ I-NP
+computer NN I-NP
+or CC I-NP
+workstation NN I-NP
+will MD B-VP
+know VB I-VP
+about IN B-PP
+it PRP B-NP
+or CC O
+be VB B-VP
+able JJ B-ADJP
+to TO B-VP
+correct VB I-VP
+it PRP B-NP
+. . O
+
+So RB O
+IBM NNP B-NP
+will MD B-VP
+be VB I-VP
+announcing VBG I-VP
+more JJR B-NP
+than IN I-NP
+50 CD I-NP
+products NNS I-NP
+that WDT B-NP
+will MD B-VP
+be VB I-VP
+aimed VBN I-VP
+at IN B-PP
+letting VBG B-VP
+even RB B-NP
+the DT I-NP
+dumbest JJS I-NP
+machine NN I-NP
+tool NN I-NP
+talk NN B-VP
+to TO B-PP
+the DT B-NP
+smartest JJS I-NP
+mainframe NN I-NP
+, , O
+or CC O
+anything NN B-NP
+in IN B-PP
+between RB B-PP
+. . O
+
+In IN B-PP
+an DT B-NP
+unusual JJ I-NP
+display NN I-NP
+of IN B-PP
+openness NN B-NP
+, , O
+IBM NNP B-NP
+also RB B-ADVP
+will MD B-VP
+be VB I-VP
+helping VBG I-VP
+customers NNS B-NP
+tie VBP B-VP
+together RB B-ADVP
+operations NNS B-NP
+that WDT B-NP
+include VBP B-VP
+lots NNS B-NP
+of IN B-PP
+equipment NN B-NP
+made VBN B-VP
+by IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+competitors NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+the DT B-NP
+executives NNS I-NP
+said VBD B-VP
+IBM NNP B-NP
+will MD B-VP
+be VB I-VP
+offering NN I-VP
+programming NN B-NP
+tools NNS I-NP
+designed VBN B-VP
+to TO I-VP
+let VB I-VP
+anyone NN B-NP
+working VBG B-VP
+on IN B-PP
+a DT B-NP
+factory NN I-NP
+floor NN I-NP
+write VB B-VP
+ad-hoc JJ B-NP
+software NN I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+to TO B-VP
+do VB I-VP
+statistical JJ B-NP
+analysis NN I-NP
+that WDT B-NP
+would MD B-VP
+pinpoint VB I-VP
+a DT B-NP
+problem NN I-NP
+on IN B-PP
+a DT B-NP
+manufacturing NN I-NP
+line NN I-NP
+. . O
+
+In IN B-PP
+Armonk NNP B-NP
+, , O
+N.Y. NNP B-NP
+, , O
+an DT B-NP
+IBM NNP I-NP
+spokeswoman NN I-NP
+confirmed VBD B-VP
+that IN B-SBAR
+IBM NNP B-NP
+executives NNS I-NP
+will MD B-VP
+be VB I-VP
+announcing VBG I-VP
+some DT B-NP
+computer-integrated-manufacturing JJ I-NP
+plans NNS I-NP
+next JJ B-NP
+week NN I-NP
+but CC O
+declined VBD B-VP
+to TO I-VP
+elaborate VB I-VP
+. . O
+
+The DT B-NP
+industry NN I-NP
+executives NNS I-NP
+said VBD B-VP
+that IN B-SBAR
+, , O
+as IN B-PP
+usual JJ B-ADJP
+with IN B-PP
+such JJ B-NP
+broad JJ I-NP
+announcements NNS I-NP
+from IN B-PP
+IBM NNP B-NP
+, , O
+this DT B-NP
+one PRP I-NP
+will MD B-VP
+be VB I-VP
+part NN B-NP
+reality NN I-NP
+and CC O
+part NN B-NP
+strategy NN I-NP
+. . O
+
+So RB O
+it PRP B-NP
+will MD B-VP
+take VB I-VP
+many JJ B-NP
+quarters NNS I-NP
+for IN B-SBAR
+IBM NNP B-NP
+to TO B-VP
+roll VB I-VP
+out IN B-PRT
+all PDT B-NP
+the DT I-NP
+products NNS I-NP
+that IN B-NP
+customers NNS B-NP
+need VBP B-VP
+, , O
+and CC O
+it PRP B-NP
+will MD B-VP
+take VB I-VP
+years NNS B-NP
+for IN B-SBAR
+customers NNS B-NP
+to TO B-VP
+integrate VB I-VP
+the DT B-NP
+products NNS I-NP
+into IN B-PP
+their PRP$ B-NP
+operations NNS I-NP
+. . O
+
+Also RB B-ADVP
+as IN B-PP
+usual JJ B-ADJP
+, , O
+the DT B-NP
+products NNS I-NP
+will MD B-VP
+appeal VB I-VP
+mostly RB B-ADVP
+to TO B-PP
+heavy JJ B-NP
+users NNS I-NP
+of IN B-PP
+IBM NNP B-NP
+equipment NN I-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+initially RB B-ADVP
+. . O
+
+Still RB B-ADVP
+, , O
+consultants NNS B-NP
+and CC O
+industry NN B-NP
+executives NNS I-NP
+said VBD B-VP
+the DT B-NP
+products NNS I-NP
+could MD B-VP
+help VB I-VP
+make VB I-VP
+manufacturing NN B-NP
+operations NNS I-NP
+more RBR B-ADJP
+efficient JJ I-ADJP
+, , O
+and CC O
+provide VB B-VP
+a DT B-NP
+boost NN I-NP
+to TO B-PP
+the DT B-NP
+computer-integrated-manufacturing JJ I-NP
+market NN I-NP
+-- : O
+a DT B-NP
+market NN I-NP
+that IN B-NP
+Yankee NNP B-NP
+Group NNP I-NP
+, , O
+a DT B-NP
+research NN I-NP
+firm NN I-NP
+, , O
+has VBZ B-VP
+said VBD I-VP
+may MD B-VP
+double VB I-VP
+to TO B-PP
+$ $ B-NP
+40 CD I-NP
+billion CD I-NP
+by IN B-PP
+1993 CD B-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+a DT B-NP
+step NN I-NP
+in IN B-PP
+the DT B-NP
+right JJ I-NP
+direction NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Martin NNP B-NP
+Piszczalski NNP I-NP
+, , O
+a DT B-NP
+Yankee NNP I-NP
+Group NNP I-NP
+analyst NN I-NP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+, , O
+though RB B-ADVP
+, , O
+that IN B-SBAR
+`` `` O
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+this DT B-NP
+is VBZ B-VP
+intentions NNS B-NP
+... : O
+. . O
+
+We PRP B-NP
+'ll MD B-VP
+have VB I-VP
+to TO I-VP
+wait VB I-VP
+and CC O
+see VB B-VP
+'' '' O
+how WRB B-ADVP
+the DT B-NP
+plan NN I-NP
+develops VBZ B-VP
+. . O
+
+The DT B-NP
+announcements NNS I-NP
+also RB B-ADVP
+should MD B-VP
+help VB I-VP
+IBM NNP B-NP
+go VB B-VP
+on IN B-PP
+the DT B-NP
+offensive NN I-NP
+against IN B-PP
+Digital NNP B-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+on IN B-PP
+the DT B-NP
+plant NN I-NP
+floor NN I-NP
+. . O
+
+While IN B-SBAR
+IBM NNP B-NP
+has VBZ B-VP
+traditionally RB I-VP
+dominated VBN I-VP
+the DT B-NP
+market NN I-NP
+for IN B-PP
+computers NNS B-NP
+on IN B-PP
+the DT B-NP
+business NN I-NP
+side NN I-NP
+of IN B-PP
+manufacturing NN B-NP
+operations NNS I-NP
+and CC O
+has VBZ B-VP
+done VBN I-VP
+well RB B-ADVP
+in IN B-PP
+the DT B-NP
+market NN I-NP
+for IN B-PP
+design NN B-NP
+tools NNS I-NP
+, , O
+Digital NNP B-NP
+has VBZ B-VP
+dominated VBN I-VP
+computerized JJ B-NP
+manufacturing NN I-NP
+. . O
+
+Hewlett-Packard NNP B-NP
+Co. NNP I-NP
+also RB B-ADVP
+has VBZ B-VP
+begun VBN I-VP
+to TO I-VP
+gain VB I-VP
+share NN B-NP
+in IN B-PP
+the DT B-NP
+whole JJ I-NP
+computer-integrated-manufacturing JJ I-NP
+arena NN I-NP
+. . O
+
+IBM NNP B-NP
+will MD B-VP
+face VB I-VP
+an DT B-NP
+uphill JJ I-NP
+climb NN I-NP
+against IN B-PP
+Digital NNP B-NP
+, , O
+given VBN B-PP
+Digital NNP B-NP
+'s POS B-NP
+reputation NN I-NP
+for IN B-PP
+being VBG B-VP
+better JJR B-ADJP
+than IN B-PP
+IBM NNP B-NP
+at IN B-PP
+hooking VBG B-VP
+together RB B-ADVP
+different JJ B-NP
+manufacturers NNS I-NP
+' POS B-NP
+computers NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+Hewlett-Packard NNP B-NP
+, , O
+while IN B-SBAR
+a DT B-NP
+much RB I-NP
+smaller JJR I-NP
+player NN I-NP
+, , O
+has VBZ B-VP
+made VBN I-VP
+a DT B-NP
+big JJ I-NP
+commitment NN I-NP
+to TO B-PP
+the DT B-NP
+sorts NNS I-NP
+of IN B-PP
+industry NN B-NP
+standards NNS I-NP
+that WDT B-NP
+facilitate VBP B-VP
+those DT B-NP
+hookups NNS I-NP
+and CC O
+could MD B-VP
+give VB I-VP
+IBM NNP B-NP
+some DT B-NP
+problems NNS I-NP
+. . O
+
+Both DT B-NP
+can MD B-VP
+be VB I-VP
+expected VBN I-VP
+to TO I-VP
+go VB I-VP
+after IN B-PP
+the DT B-NP
+market NN I-NP
+aggressively RB B-ADVP
+: : O
+Gartner NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+research NN I-NP
+firm NN I-NP
+, , O
+estimated VBD B-VP
+the DT B-NP
+Digital NNP I-NP
+gets VBZ B-VP
+30 CD B-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+revenue NN I-NP
+from IN B-PP
+the DT B-NP
+manufacturing NN I-NP
+market NN I-NP
+, , O
+and CC O
+Hewlett-Packard NNP B-NP
+gets VBZ B-VP
+50 CD B-NP
+% NN I-NP
+. . O
+
+IBM NNP B-NP
+, , O
+which WDT B-NP
+Gartner NNP B-NP
+Group NNP I-NP
+said VBD B-VP
+generates VBZ B-VP
+22 CD B-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+revenue NN I-NP
+in IN B-PP
+this DT B-NP
+market NN I-NP
+, , O
+should MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+take VB I-VP
+advantage NN B-NP
+of IN B-PP
+its PRP$ B-NP
+loyal JJ I-NP
+following NN I-NP
+among IN B-PP
+buyers NNS B-NP
+of IN B-PP
+equipment NN B-NP
+. . O
+
+That DT B-NP
+is VBZ B-VP
+because IN B-SBAR
+many JJ B-NP
+companies NNS I-NP
+will MD B-VP
+standardize VB I-VP
+on IN B-PP
+certain JJ B-NP
+types NNS I-NP
+of IN B-PP
+equipment NN B-NP
+as IN B-SBAR
+the DT B-NP
+various JJ I-NP
+parts NNS I-NP
+of IN B-PP
+the DT B-NP
+manufacturing NN I-NP
+market NN I-NP
+merge NN B-VP
+, , O
+and CC O
+IBM NNP B-NP
+is VBZ B-VP
+the DT B-NP
+biggest JJS I-NP
+player NN I-NP
+. . O
+
+But CC O
+much NN B-NP
+will MD B-VP
+depend VB I-VP
+on IN B-PP
+how WRB B-ADVP
+quickly RB I-ADVP
+IBM NNP B-NP
+can MD B-VP
+move VB I-VP
+. . O
+
+The DT B-NP
+whole JJ I-NP
+idea NN I-NP
+of IN B-PP
+computer-integrated JJ B-NP
+manufacturing NN I-NP
+, , O
+CIM NNP B-NP
+, , O
+seems VBZ B-VP
+to TO I-VP
+be VB I-VP
+making VBG I-VP
+a DT B-NP
+comeback NN I-NP
+after IN B-PP
+losing VBG B-VP
+a DT B-NP
+little JJ I-NP
+luster NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+couple NN I-NP
+of IN B-PP
+years NNS B-NP
+when WRB B-ADVP
+it PRP B-NP
+became VBD B-VP
+apparent JJ B-ADJP
+that IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+n't RB O
+a DT B-NP
+panacea NN I-NP
+that WDT B-NP
+would MD B-VP
+make VB I-VP
+U.S. NNP B-NP
+plants NNS I-NP
+more RBR B-ADJP
+efficient JJ I-ADJP
+and CC O
+banish VB B-VP
+foreign JJ B-NP
+competition NN I-NP
+. . O
+
+Erik NNP B-NP
+Keller NNP I-NP
+, , O
+a DT B-NP
+Gartner NNP I-NP
+Group NNP I-NP
+analyst NN I-NP
+, , O
+said VBD B-VP
+organizational JJ B-NP
+changes NNS I-NP
+may MD B-VP
+still RB I-VP
+be VB I-VP
+required VBN I-VP
+to TO B-VP
+really RB I-VP
+take VB I-VP
+advantage NN B-NP
+of IN B-PP
+CIM NNP B-NP
+'s POS B-NP
+capabilities NNS I-NP
+-- : O
+someone NN B-NP
+on IN B-PP
+the DT B-NP
+shop NN I-NP
+floor NN I-NP
+may MD B-VP
+not RB I-VP
+like IN I-VP
+having VBG I-VP
+someone NN B-NP
+in IN B-PP
+an DT B-NP
+office NN I-NP
+using VBG B-VP
+a DT B-NP
+personal JJ I-NP
+computer NN I-NP
+to TO B-VP
+look VB I-VP
+over IN B-PP
+his PRP$ B-NP
+shoulder NN I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+and CC O
+may MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+prevent VB I-VP
+that IN B-NP
+from IN B-PP
+happening VBG B-NP
+. . O
+
+But CC O
+he PRP B-NP
+said VBD B-VP
+a DT B-NP
+system NN I-NP
+such JJ B-PP
+as IN I-PP
+IBM NNP B-NP
+'s POS B-NP
+should MD B-VP
+help VB I-VP
+significantly RB B-ADVP
+. . O
+
+In IN B-PP
+making VBG B-VP
+polyethylene NN B-NP
+sheets NNS I-NP
+out IN B-ADVP
+of IN B-PP
+plastic NN B-NP
+chips NNS I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+a DT B-NP
+chip NN I-NP
+sometimes RB B-ADVP
+does VBZ B-VP
+n't RB I-VP
+melt VB I-VP
+, , O
+gets VBZ B-VP
+caught VBN I-VP
+in IN B-PP
+the DT B-NP
+machinery NN I-NP
+and CC O
+creates VBZ B-VP
+a DT B-NP
+run NN I-NP
+in IN B-PP
+the DT B-NP
+sheets NNS I-NP
+. . O
+
+That DT B-NP
+can MD B-VP
+be VB I-VP
+expensive JJ B-ADJP
+, , O
+because IN B-SBAR
+the DT B-NP
+problem NN I-NP
+may MD B-VP
+not RB I-VP
+be VB I-VP
+noticed VBN I-VP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+, , O
+and CC O
+the DT B-NP
+sheets NNS I-NP
+are VBP B-VP
+typically RB I-VP
+thrown VBN I-VP
+away RB B-ADVP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Keller NNP I-NP
+said VBD B-VP
+that IN B-SBAR
+, , O
+if IN B-SBAR
+computers NNS B-NP
+can MD B-VP
+be VB I-VP
+integrated VBN I-VP
+into IN B-PP
+the DT B-NP
+process NN I-NP
+, , O
+they PRP B-NP
+could MD B-VP
+alert VB I-VP
+an DT B-NP
+operator NN I-NP
+as RB B-ADVP
+soon RB I-ADVP
+as IN B-SBAR
+the DT B-NP
+problem NN I-NP
+occurred VBD B-VP
+. . O
+
+They PRP B-NP
+could MD B-VP
+also RB I-VP
+check VB I-VP
+through IN B-PP
+the DT B-NP
+orders NNS I-NP
+on IN B-PP
+file NN B-NP
+to TO B-VP
+find VB I-VP
+a DT B-NP
+customer NN I-NP
+that WDT B-NP
+was VBD B-VP
+willing JJ B-ADJP
+to TO B-VP
+accept VB I-VP
+a DT B-NP
+lower JJR I-NP
+grade NN I-NP
+of IN B-PP
+polyethylene NN B-NP
+. . O
+
+The DT B-NP
+computer NN I-NP
+would MD B-VP
+let VB I-VP
+the DT B-NP
+machine NN I-NP
+run NN B-VP
+just RB B-SBAR
+until IN I-SBAR
+that DT B-NP
+order NN I-NP
+was VBD B-VP
+filled VBN I-VP
+, , O
+eliminating VBG B-VP
+waste NN B-NP
+. . O
+
+This DT B-NP
+sort NN I-NP
+of IN B-PP
+improved VBN B-NP
+link NN I-NP
+figures NNS B-VP
+to TO I-VP
+eventually RB I-VP
+become VB I-VP
+a DT B-NP
+significant JJ I-NP
+weapon NN I-NP
+for IN B-PP
+some DT B-NP
+companies NNS I-NP
+. . O
+
+Companies NNS B-NP
+might MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+tell VB I-VP
+salespeople NN B-NP
+daily JJ B-ADVP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+about IN B-PP
+idle JJ B-NP
+equipment NN I-NP
+, , O
+so IN B-SBAR
+they PRP B-NP
+could MD B-VP
+offer VB I-VP
+discounts NNS B-NP
+on IN B-PP
+whatever WDT B-NP
+that DT B-NP
+equipment NN I-NP
+produces VBZ B-VP
+. . O
+
+Salespeople NNS B-NP
+also RB B-ADVP
+could MD B-VP
+get VB I-VP
+a DT B-NP
+precise JJ I-NP
+reading NN I-NP
+on IN B-PP
+when WRB B-ADVP
+products NNS B-NP
+could MD B-VP
+be VB I-VP
+delivered VBN I-VP
+-- : O
+in IN B-PP
+much JJ B-NP
+the DT I-NP
+same JJ I-NP
+way NN I-NP
+that IN B-ADVP
+Federal NNP B-NP
+Express NNP I-NP
+has VBZ B-VP
+marketed VBN I-VP
+its PRP$ B-NP
+ability NN I-NP
+to TO B-VP
+tell VB I-VP
+exactly RB B-ADVP
+where WRB I-ADVP
+a DT B-NP
+package NN I-NP
+is VBZ B-VP
+in IN B-PP
+the DT B-NP
+delivery NN I-NP
+system NN I-NP
+. . O
+
+Ford NNP B-NP
+Motor NNP I-NP
+Co. NNP I-NP
+'s POS B-NP
+Merkur NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+first JJ I-NP
+new JJ I-NP
+car NN I-NP
+franchise NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+since IN B-SBAR
+the DT B-NP
+Edsel NNP I-NP
+was VBD B-VP
+unveiled VBN I-VP
+in IN B-PP
+1957 CD B-NP
+, , O
+now RB B-ADVP
+will MD B-VP
+share VB I-VP
+Edsel NNP B-NP
+'s POS B-NP
+fate NN I-NP
+. . O
+
+Ford NNP B-NP
+said VBD B-VP
+yesterday NN B-NP
+it PRP B-NP
+will MD B-VP
+halt VB I-VP
+imports NNS B-NP
+of IN B-PP
+the DT B-NP
+Merkur NNP I-NP
+Scorpio NNP I-NP
+, , O
+a DT B-NP
+$ $ I-NP
+28,000 CD I-NP
+luxury NN I-NP
+sedan NN I-NP
+built VBN B-VP
+by IN B-PP
+Ford NNP B-NP
+of IN B-PP
+Europe NNP B-NP
+in IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+. . O
+
+The DT B-NP
+cars NNS I-NP
+are VBP B-VP
+sold VBN I-VP
+under IN B-PP
+a DT B-NP
+separate JJ I-NP
+franchise NN I-NP
+with IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+sign NN I-NP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+Lincoln-Mercury NNP B-NP
+dealers NNS I-NP
+-- : O
+as IN B-SBAR
+opposed VBN B-VP
+to TO B-PP
+new JJ B-NP
+models NNS I-NP
+such JJ B-PP
+as IN I-PP
+Taurus NNP B-NP
+or CC I-NP
+Escort NNP I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+sold VBN I-VP
+under IN B-PP
+existing VBG B-NP
+Ford NNP I-NP
+divisions NNS I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+to TO B-VP
+halt VB I-VP
+imports NNS B-NP
+-- : O
+announced VBD B-VP
+29 CD B-NP
+years NNS I-NP
+and CC O
+11 CD B-NP
+months NNS I-NP
+to TO B-PP
+the DT B-NP
+day NN I-NP
+after IN B-SBAR
+Henry NNP B-NP
+Ford NNP I-NP
+II NNP I-NP
+declared VBD B-VP
+that IN B-SBAR
+the DT B-NP
+Edsel NNP I-NP
+division NN I-NP
+and CC O
+its PRP$ B-NP
+gawky JJ I-NP
+car NN I-NP
+would MD B-VP
+be VB I-VP
+scrapped VBN I-VP
+-- : O
+kills VBZ B-VP
+the DT B-NP
+four-year-old JJ I-NP
+Merkur NNP I-NP
+brand NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+market NN I-NP
+. . O
+
+It PRP B-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+be VB I-VP
+sold VBN I-VP
+in IN B-PP
+the DT B-NP
+European JJ I-NP
+market NN I-NP
+. . O
+
+Merkur NNP B-NP
+'s POS B-NP
+death NN I-NP
+is VBZ B-VP
+n't RB O
+nearly RB B-ADJP
+as IN I-ADJP
+costly JJ I-ADJP
+to TO B-PP
+Ford NNP B-NP
+as IN B-SBAR
+was VBD B-VP
+the DT B-NP
+Edsel NNP I-NP
+debacle NN I-NP
+, , O
+because IN B-SBAR
+Merkur NNP B-NP
+was VBD B-VP
+a DT B-NP
+relatively RB I-NP
+low-budget JJ I-NP
+project NN I-NP
+with IN B-PP
+limited JJ B-NP
+sales NNS I-NP
+goals NNS I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+Merkur NNP B-NP
+'s POS B-NP
+demise NN I-NP
+is VBZ B-VP
+a DT B-NP
+setback NN I-NP
+for IN B-PP
+Ford NNP B-NP
+at IN B-PP
+a DT B-NP
+time NN I-NP
+when WRB B-ADVP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+image NN I-NP
+as IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+auto NN I-NP
+maker NN I-NP
+with IN B-PP
+the DT B-NP
+golden JJ I-NP
+touch NN I-NP
+is VBZ B-VP
+showing VBG I-VP
+signs NNS B-NP
+of IN B-PP
+strain NN B-NP
+. . O
+
+The DT B-NP
+No. NN I-NP
+2 CD I-NP
+auto NN I-NP
+maker NN I-NP
+'s POS B-NP
+new JJ I-NP
+Thunderbird NNP I-NP
+and CC I-NP
+Mercury NNP I-NP
+Cougar NNP I-NP
+models NNS I-NP
+have VBP B-VP
+n't RB I-VP
+met VBN I-VP
+sales NNS B-NP
+expectations NNS I-NP
+in IN B-PP
+the DT B-NP
+year NN I-NP
+since IN B-SBAR
+they PRP B-NP
+were VBD B-VP
+introduced VBN I-VP
+, , O
+and CC O
+Ford NNP B-NP
+'s POS B-NP
+trucks NNS I-NP
+are VBP B-VP
+losing VBG I-VP
+ground NN B-NP
+to TO B-PP
+their PRP$ B-NP
+GM NNP I-NP
+rivals NNS I-NP
+. . O
+
+This DT B-NP
+fall NN I-NP
+, , O
+Ford NNP B-NP
+introduced VBD B-VP
+only RB B-NP
+one CD I-NP
+new JJ I-NP
+product NN I-NP
+: : O
+A DT B-NP
+restyled VBN I-NP
+version NN I-NP
+of IN B-PP
+its PRP$ B-NP
+hulking JJ I-NP
+Lincoln NNP I-NP
+Town NNP I-NP
+Car NNP I-NP
+luxury NN I-NP
+model NN I-NP
+. . O
+
+The DT B-NP
+demise NN I-NP
+of IN B-PP
+Merkur NNP B-NP
+-LRB- ( O
+pronounced VBN B-VP
+mare-COOR NNP B-NP
+-RRB- ) O
+comes VBZ B-VP
+after IN B-PP
+a DT B-NP
+September NNP I-NP
+in IN B-PP
+which WDT B-NP
+670 CD B-NP
+Merkur NNP I-NP
+dealers NNS I-NP
+managed VBD B-VP
+to TO I-VP
+sell VB I-VP
+only RB B-NP
+93 CD I-NP
+Scorpios NNPS I-NP
+. . O
+
+Total NNP B-NP
+Merkur NNP I-NP
+sales NNS I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+dropped VBD B-VP
+46 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+to TO B-PP
+just RB B-NP
+6,320 CD I-NP
+cars NNS I-NP
+. . O
+
+Merkur NNP B-NP
+is VBZ B-VP
+n't RB O
+the DT B-NP
+only RB I-NP
+European JJ I-NP
+luxury NN I-NP
+brand NN I-NP
+having VBG B-VP
+problems NNS B-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+The DT B-NP
+Japanese JJ I-NP
+assault NN I-NP
+on IN B-PP
+the DT B-NP
+luxury NN I-NP
+market NN I-NP
+is VBZ B-VP
+rapidly RB I-VP
+overshadowing VBG I-VP
+such JJ B-NP
+European JJ I-NP
+makes NNS I-NP
+as IN B-PP
+Audi NNP B-NP
+and CC I-NP
+Saab NNP I-NP
+, , O
+which WDT B-NP
+at IN B-ADVP
+least JJS I-ADVP
+have VBP B-VP
+clear JJ B-NP
+brand NN I-NP
+images NNS I-NP
+. . O
+
+Merkur NNP B-NP
+, , O
+as IN B-PP
+an DT B-NP
+import NN I-NP
+on IN B-PP
+domestic JJ B-NP
+car NN I-NP
+lots NNS I-NP
+, , O
+suffered VBD B-VP
+from IN B-PP
+the DT B-NP
+same JJ I-NP
+sort NN I-NP
+of IN B-PP
+image NN B-NP
+confusion NN I-NP
+that WDT B-NP
+is VBZ B-VP
+hobbling VBG I-VP
+sales NNS B-NP
+of IN B-PP
+imports NNS B-NP
+at IN B-PP
+General NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+and CC O
+Chrysler NNP B-NP
+Corp NNP I-NP
+. . O
+
+Merkur NNP B-NP
+was VBD B-VP
+originally RB I-VP
+aimed VBN I-VP
+at IN B-PP
+enticing VBG B-VP
+into IN B-PP
+Lincoln-Mercury NNP B-NP
+dealerships NNS I-NP
+the DT B-NP
+kind NN I-NP
+of IN B-PP
+young JJ B-NP
+, , I-NP
+affluent JJ I-NP
+buyers NNS I-NP
+who WP B-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+caught VBN I-VP
+dead JJ B-ADJP
+in IN B-PP
+a DT B-NP
+Town NNP I-NP
+Car NNP I-NP
+-- : O
+a DT B-NP
+vehicle NN I-NP
+so RB B-ADJP
+bargelike JJ I-ADJP
+that IN B-SBAR
+Ford NNP B-NP
+is VBZ B-VP
+staging VBG I-VP
+a DT B-NP
+press NN I-NP
+event NN I-NP
+next JJ B-NP
+month NN I-NP
+linking VBG B-VP
+the DT B-NP
+Town NNP I-NP
+Car NNP I-NP
+'s POS B-NP
+launch NN I-NP
+to TO B-PP
+the DT B-NP
+commissioning NN I-NP
+of IN B-PP
+a DT B-NP
+new JJ I-NP
+aircraft NN I-NP
+carrier NN I-NP
+in IN B-PP
+Norfolk NNP B-NP
+, , O
+Va NNP B-NP
+. . O
+
+But CC O
+the DT B-NP
+brand NN I-NP
+had VBD B-VP
+trouble NN B-NP
+from IN B-PP
+the DT B-NP
+start NN I-NP
+. . O
+
+The DT B-NP
+first JJ I-NP
+Merkur NNP I-NP
+, , O
+the DT B-NP
+XR4Ti NNP I-NP
+, , O
+went VBD B-VP
+on IN B-PP
+sale NN B-NP
+in IN B-PP
+early JJ B-NP
+1985 CD I-NP
+. . O
+
+The DT B-NP
+sporty JJ I-NP
+coupe NN I-NP
+foundered VBD B-VP
+in IN B-PP
+part NN B-NP
+because IN B-SBAR
+American JJ B-NP
+buyers NNS I-NP
+did VBD B-VP
+n't RB I-VP
+go VB I-VP
+for IN B-PP
+the DT B-NP
+car NN I-NP
+'s POS B-NP
+unusual JJ I-NP
+double-wing JJ I-NP
+rear JJ I-NP
+spoiler NN I-NP
+. . O
+
+In IN B-PP
+May NNP B-NP
+1987 CD I-NP
+, , O
+Ford NNP B-NP
+began VBD B-VP
+importing VBG I-VP
+the DT B-NP
+Scorpio NNP I-NP
+sedan NN I-NP
+from IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+to TO B-VP
+sell VB I-VP
+next JJ B-ADVP
+to TO B-PP
+a DT B-NP
+redesigned VBN I-NP
+XR4Ti NNP I-NP
+in IN B-PP
+showrooms NNS B-NP
+. . O
+
+Ford NNP B-NP
+officials NNS I-NP
+said VBD B-VP
+they PRP B-NP
+expected VBD B-VP
+the DT B-NP
+two CD I-NP
+Merkurs NNPS I-NP
+would MD B-VP
+sell VB I-VP
+about IN B-NP
+15,000 CD I-NP
+cars NNS I-NP
+a DT B-NP
+year NN I-NP
+, , O
+and CC O
+in IN B-PP
+1988 CD B-NP
+they PRP B-NP
+reached VBD B-VP
+that DT B-NP
+goal NN I-NP
+, , O
+as IN B-SBAR
+sales NNS B-NP
+hit VBD B-VP
+15,261 CD B-NP
+cars NNS I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+downhill RB B-ADVP
+from IN B-PP
+there EX B-NP
+, , O
+however RB B-ADVP
+. . O
+
+One CD B-NP
+major JJ I-NP
+factor NN I-NP
+was VBD B-VP
+the DT B-NP
+decline NN I-NP
+of IN B-PP
+the DT B-NP
+dollar NN I-NP
+against IN B-PP
+the DT B-NP
+mark NN I-NP
+, , O
+which WDT B-NP
+began VBD B-VP
+less JJR B-NP
+than IN I-NP
+a DT I-NP
+year NN I-NP
+after IN B-PP
+Merkur NNP B-NP
+'s POS B-NP
+1985 CD I-NP
+launch NN I-NP
+. . O
+
+As IN B-SBAR
+the DT B-NP
+West JJ I-NP
+German JJ I-NP
+currency NN I-NP
+rose VBD B-VP
+, , O
+so RB B-ADVP
+did VBD B-VP
+Merkur NNP B-NP
+prices NNS I-NP
+. . O
+
+The DT B-NP
+Merkur NNP I-NP
+cars NNS I-NP
+also RB B-ADVP
+suffered VBD B-VP
+from IN B-PP
+spotty JJ B-NP
+quality NN I-NP
+, , O
+some DT B-NP
+dealers NNS I-NP
+say VBP B-VP
+. . O
+
+`` `` O
+It PRP B-NP
+was VBD B-VP
+like IN B-PP
+a DT B-NP
+comedy NN I-NP
+of IN B-PP
+errors NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Martin NNP B-NP
+J. NNP I-NP
+`` `` I-NP
+Hoot NNP I-NP
+'' '' I-NP
+McInerney NNP I-NP
+, , O
+a DT B-NP
+big JJ I-NP
+dealer NN I-NP
+whose WP$ B-NP
+Star NNP I-NP
+Lincoln-Mercury-Merkur NNP I-NP
+operation NN I-NP
+in IN B-PP
+Southfield NNP B-NP
+, , O
+Mich. NNP B-NP
+, , O
+sold VBN B-VP
+more JJR B-NP
+XR4Ti NNP I-NP
+'s POS I-NP
+than IN B-PP
+any DT B-NP
+other JJ I-NP
+dealership NN I-NP
+. . O
+
+But CC O
+by IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+of IN B-PP
+1988 CD B-NP
+, , O
+Scorpios NNPS B-NP
+had VBD B-VP
+a DT B-NP
+high JJ I-NP
+satisfaction NN I-NP
+rating NN I-NP
+in IN B-PP
+internal JJ B-NP
+Ford NNP I-NP
+studies NNS I-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+Apparently RB B-ADVP
+, , O
+however RB B-ADVP
+, , O
+the DT B-NP
+improvement NN I-NP
+came VBD B-VP
+too RB B-ADVP
+late JJ I-ADVP
+. . O
+
+Last JJ B-NP
+fall NN I-NP
+, , O
+Ford NNP B-NP
+announced VBD B-VP
+it PRP B-NP
+would MD B-VP
+discontinue VB I-VP
+the DT B-NP
+XR4Ti NNP I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+1989 CD I-NP
+model NN I-NP
+year NN I-NP
+. . O
+
+Ford NNP B-NP
+said VBD B-VP
+then RB B-ADVP
+it PRP B-NP
+would MD B-VP
+keep VB I-VP
+the DT B-NP
+Scorpio NNP I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+, , O
+Scorpio NNP B-NP
+sales NNS I-NP
+plummeted VBD B-VP
+, , O
+and CC O
+at IN B-PP
+the DT B-NP
+current JJ I-NP
+sales NNS I-NP
+pace NN I-NP
+it PRP B-NP
+would MD B-VP
+take VB I-VP
+Ford NNP B-NP
+242 CD B-NP
+days NNS I-NP
+to TO B-VP
+sell VB I-VP
+off IN B-PRT
+the DT B-NP
+current JJ I-NP
+Scorpio NNP I-NP
+inventory NN I-NP
+of IN B-PP
+about IN B-NP
+4,600 CD I-NP
+cars NNS I-NP
+. . O
+
+Canadian NNP B-NP
+Pacific NNP I-NP
+Ltd. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+proposed VBD B-VP
+acquiring VBG I-VP
+the DT B-NP
+44 CD I-NP
+% NN I-NP
+of IN B-PP
+Soo NNP B-NP
+Line NNP I-NP
+Corp. NNP I-NP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+already RB I-VP
+own JJ I-VP
+for IN B-PP
+$ $ B-NP
+19.50 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+or CC O
+about RB B-NP
+$ $ I-NP
+81.9 CD I-NP
+million CD I-NP
+, , O
+after IN B-PP
+failing VBG B-VP
+to TO I-VP
+find VB I-VP
+a DT B-NP
+buyer NN I-NP
+for IN B-PP
+its PRP$ B-NP
+majority NN I-NP
+stake NN I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+. . O
+
+Soo NNP B-NP
+Line NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+board NN I-NP
+appointed VBD B-VP
+a DT B-NP
+special JJ I-NP
+committee NN I-NP
+of IN B-PP
+independent JJ B-NP
+directors NNS I-NP
+to TO B-VP
+study VB I-VP
+the DT B-NP
+proposal NN I-NP
+. . O
+
+The DT B-NP
+troubled JJ I-NP
+Minneapolis-based JJ I-NP
+railroad NN I-NP
+concern NN I-NP
+said VBD B-VP
+the DT B-NP
+committee NN I-NP
+has VBZ B-VP
+the DT B-NP
+authority NN I-NP
+to TO B-VP
+hire VB I-VP
+financial JJ B-NP
+and CC I-NP
+legal JJ I-NP
+advisers NNS I-NP
+to TO B-VP
+assist VB I-VP
+it PRP B-NP
+. . O
+
+The DT B-NP
+proposed VBN I-NP
+acquisition NN I-NP
+will MD B-VP
+be VB I-VP
+subject NN B-ADJP
+to TO B-PP
+approval NN B-NP
+by IN B-PP
+the DT B-NP
+Interstate NNP I-NP
+Commerce NNP I-NP
+Commission NNP I-NP
+, , O
+Soo NNP B-NP
+Line NNP I-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+Soo NNP B-NP
+Line NNP I-NP
+shares NNS I-NP
+jumped VBD B-VP
+well RB B-PP
+above IN I-PP
+the DT B-NP
+proposed VBN I-NP
+price NN I-NP
+, , O
+closing VBG B-VP
+at IN B-PP
+$ $ B-NP
+20.25 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2.75 CD I-NP
+. . O
+
+Canadian NNP B-NP
+Pacific NNP I-NP
+put VB B-VP
+its PRP$ B-NP
+56 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Soo NNP B-NP
+Line NNP I-NP
+up IN B-PP
+for IN B-PP
+sale NN B-NP
+last JJ B-NP
+year NN I-NP
+but CC O
+could MD B-VP
+n't RB I-VP
+find VB I-VP
+any DT B-NP
+takers NNS I-NP
+. . O
+
+Canadian NNP B-NP
+Pacific NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+interests NNS B-NP
+in IN B-PP
+transportation NN B-NP
+, , O
+telecommunications NNS B-NP
+, , O
+forest NN B-NP
+products NNS I-NP
+, , O
+energy NN B-NP
+and CC O
+real JJ B-NP
+estate NN I-NP
+, , O
+finally RB B-ADVP
+took VBD B-VP
+its PRP$ B-NP
+majority NN I-NP
+block NN I-NP
+off IN B-PP
+the DT B-NP
+market NN I-NP
+this DT B-NP
+spring NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+turned VBD B-VP
+out IN B-PRT
+we PRP B-NP
+could MD B-VP
+n't RB I-VP
+sell VB I-VP
+it PRP B-NP
+, , O
+'' '' O
+a DT B-NP
+Canadian NNP I-NP
+Pacific NNP I-NP
+official NN I-NP
+said VBD B-VP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+acquiring VBG B-VP
+the DT B-NP
+remainder NN I-NP
+of IN B-PP
+Soo NNP B-NP
+Line NNP I-NP
+is VBZ B-VP
+now RB B-ADVP
+`` `` O
+the DT B-NP
+best JJS I-NP
+way NN I-NP
+to TO B-VP
+rationalize VB I-VP
+operations NNS B-NP
+. . O
+'' '' O
+
+Canadian NNP B-NP
+Pacific NNP I-NP
+is VBZ B-VP
+Soo NNP B-NP
+Line NNP I-NP
+'s POS B-NP
+biggest JJS I-NP
+customer NN I-NP
+and CC O
+has VBZ B-VP
+owned VBN I-VP
+a DT B-NP
+majority NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+railroad NN I-NP
+since IN B-PP
+1947 CD B-NP
+. . O
+
+Canadian NNP B-NP
+Pacific NNP I-NP
+and CC I-NP
+Soo NNP I-NP
+Line NNP I-NP
+tracks VBZ I-NP
+connect VB B-VP
+at IN B-PP
+two CD B-NP
+points NNS I-NP
+in IN B-PP
+the DT B-NP
+West NNP I-NP
+on IN B-PP
+the DT B-NP
+Canada-U.S. NNP I-NP
+border NN I-NP
+and CC O
+the DT B-NP
+two CD I-NP
+companies NNS I-NP
+operate VBP B-VP
+a DT B-NP
+very RB I-NP
+successful JJ I-NP
+Chicago-Montreal NNP I-NP
+rail NN I-NP
+service NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Soo NNP B-NP
+Line NNP I-NP
+reported VBD B-VP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+398,000 CD I-NP
+, , O
+or CC O
+four CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+12.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.32 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Revenue NN B-NP
+fell VBD B-VP
+5.8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+407.9 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+433.2 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+had VBD B-VP
+a DT B-NP
+loss NN I-NP
+from IN B-PP
+operations NNS B-NP
+of IN B-PP
+$ $ B-NP
+1.7 CD I-NP
+million CD I-NP
+. . O
+
+Golden NNP B-NP
+Nugget NNP I-NP
+Inc. NNP I-NP
+reported VBD B-VP
+a DT B-NP
+third-quarter JJ I-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+13.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+76 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+based VBN B-PP
+on IN B-PP
+17.2 CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+and CC I-NP
+dilutive JJ I-NP
+equivalents NNS I-NP
+outstanding JJ I-NP
+. . O
+
+The DT B-NP
+results NNS I-NP
+compare VBP B-VP
+with IN B-PP
+a DT B-NP
+year-earlier JJ I-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+seven CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+based VBN B-PP
+on IN B-PP
+20.3 CD B-NP
+million CD I-NP
+common JJ I-NP
+and CC I-NP
+dilutive JJ I-NP
+equivalents NNS I-NP
+outstanding JJ I-NP
+. . O
+
+Operating NN B-NP
+revenue NN I-NP
+rose VBD B-VP
+25 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+52.1 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+41.8 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Results NNS B-NP
+for IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+include VBP B-VP
+nonoperating VBG B-NP
+items NNS I-NP
+of IN B-PP
+$ $ B-NP
+23.9 CD I-NP
+million CD I-NP
+, , O
+versus IN O
+$ $ B-NP
+8.4 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+expenses NNS I-NP
+stem VBP B-VP
+from IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+huge JJ I-NP
+Mirage NNP I-NP
+resort-casino NN I-NP
+scheduled VBN B-VP
+to TO I-VP
+open VB I-VP
+next JJ B-NP
+month NN I-NP
+along IN B-PP
+the DT B-NP
+Strip NNP I-NP
+, , O
+and CC O
+an DT B-NP
+April NNP I-NP
+1989 CD I-NP
+financing NN I-NP
+by IN B-PP
+units NNS B-NP
+operating VBG B-VP
+the DT B-NP
+downtown NN I-NP
+Golden NNP I-NP
+Nugget NNP I-NP
+property NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Golden NNP B-NP
+Nugget NNP I-NP
+reported VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+11.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+69 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+based VBN B-PP
+on IN B-PP
+16.6 CD B-NP
+million CD I-NP
+common JJ I-NP
+and CC I-NP
+dilutive JJ I-NP
+equivalents NNS I-NP
+outstanding JJ I-NP
+. . O
+
+The DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+had VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+4.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+20 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+based VBN B-PP
+on IN B-PP
+21 CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+and CC I-NP
+dilutive JJ I-NP
+equivalents NNS I-NP
+outstanding JJ I-NP
+. . O
+
+The DT B-NP
+1988 CD I-NP
+results NNS I-NP
+include VBP B-VP
+a DT B-NP
+$ $ I-NP
+10.7 CD I-NP
+million CD I-NP
+charge NN I-NP
+stemming VBG B-VP
+from IN B-PP
+a DT B-NP
+litigation NN I-NP
+judgment NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+the DT B-NP
+casino NN I-NP
+operator NN I-NP
+said VBD B-VP
+its PRP$ B-NP
+board NN I-NP
+approved VBD B-VP
+a DT B-NP
+plan NN I-NP
+to TO B-VP
+buy-back VB I-VP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+three CD I-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+from IN B-PP
+time NN B-NP
+to TO B-PP
+time VB B-NP
+, , O
+either DT O
+in NN B-PP
+the DT B-NP
+open JJ I-NP
+market NN I-NP
+or CC B-PP
+through IN B-PP
+private JJ B-NP
+transactions NNS I-NP
+. . O
+
+An DT B-NP
+additional JJ I-NP
+299,000 CD I-NP
+shares NNS I-NP
+are VBP B-VP
+authorized VBN I-VP
+for IN B-PP
+repurchase NN B-NP
+under IN B-PP
+an DT B-NP
+earlier JJR I-NP
+stock NN I-NP
+buy-back NN I-NP
+program NN I-NP
+. . O
+
+John NNP B-NP
+Uphoff NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Raymond NNP B-NP
+James NNP I-NP
+& CC I-NP
+Associates NNPS I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+results NNS I-NP
+were VBD B-VP
+n't RB O
+surprising JJ B-ADJP
+, , O
+and CC O
+attributed VBD B-VP
+the DT B-NP
+buy-back NN I-NP
+to TO B-PP
+management NN B-NP
+'s POS B-NP
+confidence NN I-NP
+in IN B-PP
+the DT B-NP
+Mirage NNP I-NP
+'s POS B-NP
+ability NN I-NP
+to TO B-VP
+generate VB I-VP
+strong JJ B-NP
+cash NN I-NP
+flow NN I-NP
+in IN B-PP
+1990 CD B-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Golden NNP B-NP
+Nugget NNP I-NP
+common NN I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+28.25 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2 CD I-NP
+. . O
+
+Capital NNP B-NP
+Holding NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+requested VBD B-VP
+and CC I-VP
+received VBD I-VP
+the DT B-NP
+resignation NN I-NP
+of IN B-PP
+John NNP B-NP
+A. NNP I-NP
+Franco NNP I-NP
+, , O
+its PRP$ B-NP
+vice NN I-NP
+chairman NN I-NP
+, , O
+as IN B-PP
+an DT B-NP
+officer NN I-NP
+and CC O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+life NN I-NP
+insurance NN I-NP
+holding VBG I-NP
+company NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+Mr. NNP B-NP
+Franco NNP I-NP
+developed VBD B-VP
+a DT B-NP
+plan NN I-NP
+to TO B-VP
+establish VB I-VP
+a DT B-NP
+business NN I-NP
+that WDT B-NP
+might MD B-VP
+be VB I-VP
+competitive JJ B-ADJP
+with IN B-PP
+Capital NNP B-NP
+Holding NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+Accumulation NNP I-NP
+and CC I-NP
+Investment NNP I-NP
+Group NNP I-NP
+, , O
+which WDT B-NP
+Mr. NNP B-NP
+Franco NNP I-NP
+headed VBD B-VP
+. . O
+
+The DT B-NP
+group NN I-NP
+temporarily RB B-ADVP
+will MD B-VP
+report VB I-VP
+to TO B-PP
+Irving NNP B-NP
+W. NNP I-NP
+Bailey NNP I-NP
+II NNP I-NP
+, , O
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Capital NNP B-NP
+Holding NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Franco NNP I-NP
+, , O
+47 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+telephone NN I-NP
+interview NN I-NP
+that IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+been VBN I-VP
+considering VBG I-VP
+and CC I-VP
+discussing VBG I-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+possible JJ B-NP
+business NN I-NP
+ventures NNS I-NP
+, , O
+but CC O
+that IN B-SBAR
+`` `` O
+nothing NN B-NP
+is VBZ B-VP
+at IN B-PP
+a DT B-NP
+mature JJ I-NP
+stage NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+he PRP B-NP
+`` `` O
+did VBD B-VP
+n't RB I-VP
+argue VB I-VP
+with IN B-PP
+'' '' O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+decision NN I-NP
+to TO B-VP
+seek VB I-VP
+his PRP$ B-NP
+resignation NN I-NP
+because IN B-SBAR
+contemplating VBG B-VP
+outside IN B-NP
+business NN I-NP
+ventures NNS I-NP
+can MD B-VP
+distract VB I-VP
+an DT B-NP
+executive NN I-NP
+from IN B-PP
+performing VBG B-VP
+his PRP$ B-NP
+best JJS I-NP
+`` `` O
+at IN B-PP
+the DT B-NP
+job NN I-NP
+he PRP B-NP
+is VBZ B-VP
+paid VBN I-VP
+to TO I-VP
+do VB I-VP
+. . O
+'' '' O
+
+Martin NNP B-NP
+H. NNP I-NP
+Ruby NNP I-NP
+, , O
+a DT B-NP
+managing VBG I-NP
+director NN I-NP
+of IN B-PP
+Capital NNP B-NP
+Holding NNP I-NP
+'s POS B-NP
+Accumulation NNP I-NP
+and CC I-NP
+Investment NNP I-NP
+Group NNP I-NP
+, , O
+also RB B-ADVP
+resigned VBD B-VP
+to TO B-VP
+pursue VB I-VP
+other JJ B-NP
+business NN I-NP
+interests NNS I-NP
+, , O
+Capital NNP B-NP
+Holding NNP I-NP
+said VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Ruby NNP I-NP
+, , O
+39 CD B-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+he PRP B-NP
+had VBD B-VP
+`` `` O
+an DT B-NP
+amicable JJ I-NP
+parting NN I-NP
+'' '' O
+with IN B-PP
+Capital NNP B-NP
+Holding NNP I-NP
+and CC O
+that IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+`` `` O
+a DT B-NP
+number NN I-NP
+of IN B-PP
+ventures NNS B-NP
+in IN B-PP
+the DT B-NP
+financial-services NNS I-NP
+area NN I-NP
+'' '' O
+under IN B-PP
+consideration NN B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+that IN O
+his PRP$ B-NP
+resignation NN I-NP
+was VBD B-VP
+a DT B-NP
+mutual JJ I-NP
+decision NN I-NP
+with IN B-PP
+Capital NNP B-NP
+Holding NNP I-NP
+management NN I-NP
+, , O
+but CC O
+that IN B-SBAR
+he PRP B-NP
+was VBD B-VP
+n't RB I-VP
+actually RB I-VP
+asked VBD I-VP
+to TO B-VP
+resign VB I-VP
+. . O
+
+The DT B-NP
+Accumulation NNP I-NP
+and CC I-NP
+Investment NNP I-NP
+Group NNP I-NP
+is VBZ B-VP
+responsible JJ B-ADJP
+for IN B-PP
+the DT B-NP
+investment NN I-NP
+operations NNS I-NP
+of IN B-PP
+all DT B-NP
+Capital NNP I-NP
+Holding NNP I-NP
+'s POS B-NP
+insurance NN I-NP
+businesses NNS I-NP
+and CC O
+markets NNS B-VP
+guaranteed VBD B-NP
+investment NN I-NP
+contracts NNS I-NP
+to TO B-PP
+bank VB B-NP
+trust NN I-NP
+departments NNS I-NP
+and CC O
+other JJ B-NP
+institutions NNS I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+sells VBZ B-VP
+single-premium JJ B-NP
+annuities NNS I-NP
+to TO B-PP
+individuals NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Bailey NNP I-NP
+said VBD B-VP
+he PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+name VB I-VP
+a DT B-NP
+new JJ I-NP
+group NN I-NP
+president NN I-NP
+to TO B-VP
+head VB I-VP
+that DT B-NP
+operation NN I-NP
+following VBG B-PP
+the DT B-NP
+Nov. NNP I-NP
+8 CD I-NP
+board NN I-NP
+meeting NN I-NP
+. . O
+
+@ IN O
+
+Money NNP B-NP
+Market NNP I-NP
+Deposits NNS I-NP
+- : O
+a DT B-NP
+6.23 CD B-NP
+% NN I-NP
+
+a DT B-NP
+- : O
+Average NNP B-NP
+rate NN I-NP
+paid VBD B-VP
+yesterday NN B-NP
+by IN B-PP
+100 CD B-NP
+large JJ I-NP
+banks NNS I-NP
+and CC I-NP
+thrifts NNS I-NP
+in IN B-PP
+the DT B-NP
+10 CD I-NP
+largest JJS I-NP
+metropolitan JJ I-NP
+areas NNS I-NP
+as IN B-SBAR
+compiled VBN B-VP
+by IN B-PP
+Bank NNP B-NP
+Rate NNP I-NP
+Monitor NNP I-NP
+. . O
+
+b NN B-NP
+- : O
+Current JJ B-NP
+annual JJ I-NP
+yield NN I-NP
+. . O
+
+Guaranteed VBN B-NP
+minimum JJ I-NP
+6 CD B-NP
+% NN I-NP
+. . O
+
+-LRB- ( O
+During IN B-PP
+its PRP$ B-NP
+centennial NN I-NP
+year NN I-NP
+, , O
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+will MD B-VP
+report VB I-VP
+events NNS B-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+century NN I-NP
+that WDT B-NP
+stand VBP B-VP
+as IN B-PP
+milestones NNS B-NP
+of IN B-PP
+American JJ B-NP
+business NN I-NP
+history NN I-NP
+. . O
+-RRB- ) O
+
+PLASTIC NN B-NP
+PENCILS NNS I-NP
+, , O
+CODE-NAMED VBN B-VP
+E-71 NNP B-NP
+, , O
+made VBD B-VP
+their PRP$ B-NP
+hush-hush JJ I-NP
+debut NN I-NP
+in IN B-PP
+children NNS B-NP
+'s POS B-NP
+pencil NN I-NP
+boxes NNS I-NP
+at IN B-PP
+five-and-dime JJ B-NP
+stores NNS I-NP
+in IN B-PP
+1973 CD B-NP
+. . O
+
+But CC O
+few NN B-NP
+knew VBD B-VP
+it PRP B-NP
+then RB B-ADVP
+and CC O
+most RBS B-NP
+still RB B-ADVP
+think VBP B-VP
+all DT B-NP
+pencils NNS I-NP
+are VBP B-VP
+wooden JJ B-ADJP
+. . O
+
+Eagle NNP B-NP
+Pencil NNP I-NP
+of IN B-PP
+Shelbyville NNP B-NP
+, , O
+Tenn. NNP B-NP
+, , O
+`` `` O
+Pencil NNP B-NP
+City NNP I-NP
+U.S.A. NNP I-NP
+, , O
+'' '' O
+had VBD B-VP
+made VBN I-VP
+its PRP$ B-NP
+earliest JJS I-NP
+pilot NN I-NP
+plastic NN I-NP
+pencils NNS I-NP
+in IN B-PP
+1971 CD B-NP
+. . O
+
+But CC O
+it PRP B-NP
+was VBD B-VP
+n't RB O
+until IN B-PP
+after IN B-SBAR
+it PRP B-NP
+hired VBD B-VP
+Arthur NNP B-NP
+D. NNP I-NP
+Little NNP I-NP
+, , O
+a DT B-NP
+Cambridge NNP I-NP
+, , I-NP
+Mass. NNP I-NP
+, , I-NP
+research NN I-NP
+concern NN I-NP
+, , O
+that IN B-ADVP
+its PRP$ B-NP
+new JJ I-NP
+product NN I-NP
+was VBD B-VP
+refined JJ I-VP
+for IN B-PP
+commercial JJ B-NP
+sale NN I-NP
+in IN B-PP
+1973 CD B-NP
+. . O
+
+Three CD B-NP
+A.D.L. NNP I-NP
+inventors NNS I-NP
+applied VBD B-VP
+April NNP B-NP
+6 CD I-NP
+, , I-NP
+1973 CD I-NP
+, , O
+for IN B-PP
+the DT B-NP
+patent NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+assigned VBN I-VP
+and CC I-VP
+awarded VBN I-VP
+in IN B-PP
+1976 CD B-NP
+to TO B-PP
+Hasbro NNP B-NP
+Industries NNPS I-NP
+, , O
+then RB B-ADVP
+Eagle NNP B-NP
+'s POS B-NP
+parent NN I-NP
+. . O
+
+Pencil NN B-NP
+pushers NNS I-NP
+chew VBP B-VP
+and CC O
+put VB B-VP
+the DT B-NP
+plastic NN I-NP
+models NNS I-NP
+behind IN B-PP
+their PRP$ B-NP
+ears NNS I-NP
+just RB B-PP
+like IN I-PP
+traditional JJ B-NP
+pencils NNS I-NP
+made VBN B-VP
+of IN B-PP
+glued VBN B-NP
+strips NNS I-NP
+of IN B-PP
+California NNP B-NP
+incense NN I-NP
+cedar NN I-NP
+filled VBN B-VP
+with IN B-PP
+ceramic JJ B-NP
+lead NN I-NP
+. . O
+
+It PRP B-NP
+takes VBZ B-VP
+five CD B-NP
+steps NNS I-NP
+to TO B-VP
+make VB I-VP
+standard JJ B-NP
+pencils NNS I-NP
+, , O
+just RB B-NP
+one CD I-NP
+for IN B-PP
+the DT B-NP
+plastic NN I-NP
+type NN I-NP
+. . O
+
+Automated NNP B-NP
+machines NNS I-NP
+coextrude VBP B-VP
+long JJ B-NP
+plastic NN I-NP
+sheaths NNS I-NP
+with IN B-PP
+graphite-plastic JJ B-NP
+cores NNS I-NP
+that WDT B-NP
+are VBP B-VP
+printed VBN I-VP
+, , I-VP
+cut VB I-VP
+, , I-VP
+painted VBN I-VP
+and CC I-VP
+eraser-fitted JJ I-VP
+. . O
+
+`` `` O
+After IN B-PP
+more JJR B-NP
+than IN I-NP
+200 CD I-NP
+years NNS I-NP
+, , O
+something NN B-NP
+new JJ B-ADJP
+has VBZ B-VP
+happened VBN I-VP
+to TO B-PP
+pencils NNS B-NP
+, , O
+'' '' O
+said VBD B-VP
+Arthur NNP B-NP
+D. NNP I-NP
+Little NNP I-NP
+in IN B-PP
+a DT B-NP
+1974 CD I-NP
+report NN I-NP
+that IN B-NP
+publicly RB B-VP
+described VBN I-VP
+the DT B-NP
+previously RB I-NP
+secret JJ I-NP
+item NN I-NP
+. . O
+
+Eagle NNP B-NP
+'s POS B-NP
+plastic NN I-NP
+type NN I-NP
+sharpens VBZ B-VP
+and CC I-VP
+looks VBZ I-VP
+like IN B-PP
+a DT B-NP
+wooden JJ I-NP
+pencil NN I-NP
+. . O
+
+A DT B-NP
+major JJ I-NP
+difference NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+a DT B-NP
+snapped VBN I-NP
+wooden JJ I-NP
+pencil NN I-NP
+will MD B-VP
+have VB I-VP
+a DT B-NP
+slivered VBN I-NP
+break NN I-NP
+while IN B-SBAR
+a DT B-NP
+plastic NN I-NP
+model NN I-NP
+will MD B-VP
+break VB I-VP
+cleanly RB B-ADVP
+. . O
+
+The DT B-NP
+softness NN I-NP
+of IN B-PP
+the DT B-NP
+core NN I-NP
+constrains VBZ B-VP
+the DT B-NP
+plastic NN I-NP
+models NNS I-NP
+to TO B-PP
+No. VB B-NP
+1 CD I-NP
+, , I-NP
+No. NN I-NP
+2 CD I-NP
+or CC I-NP
+No. NN I-NP
+3-type JJ I-NP
+pencils NNS I-NP
+, , O
+which WDT B-NP
+account VBP B-VP
+for IN B-PP
+the DT B-NP
+bulk NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+Artists NNS B-NP
+and CC I-NP
+draftsmen NNS I-NP
+need VBP B-VP
+harder JJR B-NP
+`` `` I-NP
+leads VBZ I-NP
+. . O
+'' '' O
+
+Eagle NNP B-NP
+, , O
+now RB B-VP
+called VBN I-VP
+Eagle-Berol NNP B-NP
+, , O
+remains VBZ B-VP
+a DT B-NP
+leading VBG I-NP
+company NN I-NP
+among IN B-PP
+the DT B-NP
+10 CD I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+that WDT B-NP
+produced VBD B-VP
+about IN B-NP
+2.3 CD I-NP
+billion CD I-NP
+pencils NNS I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+Pencil NNP I-NP
+Makers NNP I-NP
+Association NNP I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+trade NN I-NP
+secret JJ I-NP
+how WRB B-NP
+many NN I-NP
+were VBD B-VP
+plastic NN B-NP
+, , O
+and CC O
+most RBS B-NP
+writers NNS I-NP
+still RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+what WP B-NP
+they PRP B-NP
+'re VBP B-VP
+using VBG I-VP
+. . O
+
+H.F. NNP B-NP
+Ahmanson NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+largest JJS I-NP
+thrift NN I-NP
+holding VBG I-NP
+company NN I-NP
+, , O
+posted VBD B-VP
+a DT B-NP
+12 CD I-NP
+% NN I-NP
+earnings NNS I-NP
+decline NN I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+while IN B-SBAR
+another DT B-NP
+large JJ I-NP
+California NNP I-NP
+savings NNS I-NP
+and CC I-NP
+loan NN I-NP
+, , O
+Great NNP B-NP
+Western NNP I-NP
+Financial NNP I-NP
+Corp. NNP I-NP
+, , O
+reported VBD B-VP
+a DT B-NP
+slight JJ I-NP
+earnings NNS I-NP
+gain NN I-NP
+. . O
+
+H.F. NNP B-NP
+Ahmanson NNP I-NP
+, , O
+parent NN B-NP
+of IN B-PP
+Home NNP B-NP
+Savings NNP I-NP
+of IN B-PP
+America NNP B-NP
+, , O
+reported VBD B-VP
+third-quarter JJ B-NP
+net NN I-NP
+of IN B-PP
+$ $ B-NP
+49.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+50 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+$ $ B-NP
+56.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+57 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+earnings NNS I-NP
+decline NN I-NP
+reflected VBD B-VP
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+effective JJ I-NP
+tax NN I-NP
+rate NN I-NP
+to TO B-PP
+44 CD B-NP
+% NN I-NP
+from IN B-PP
+37 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+third JJ I-NP
+quarter NN I-NP
+when WRB B-ADVP
+nonrecurring VBG B-NP
+tax NN I-NP
+credits NNS I-NP
+were VBD B-VP
+recorded VBN I-VP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Pretax JJ B-NP
+earnings NNS I-NP
+declined VBD B-VP
+1.3 CD B-NP
+% NN I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Los NNP B-NP
+Angeles-based JJ I-NP
+H.F. NNP I-NP
+Ahmanson NNP I-NP
+had VBD B-VP
+profit NN B-NP
+of IN B-PP
+$ $ B-NP
+128.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.29 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+4.6 CD I-NP
+% NN I-NP
+decline NN I-NP
+from IN B-PP
+earnings NNS B-NP
+of IN B-PP
+$ $ B-NP
+134.2 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+nine CD I-NP
+months NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+decline NN I-NP
+was VBD B-VP
+attributable JJ B-ADJP
+to TO B-PP
+a DT B-NP
+79 CD I-NP
+% NN I-NP
+reduction NN I-NP
+in IN B-PP
+net JJ B-NP
+gains NNS I-NP
+on IN B-PP
+loan NN B-NP
+sales VBZ I-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+Third-quarter JJ B-NP
+spreads NNS I-NP
+widened VBN B-VP
+to TO B-PP
+the DT B-NP
+highest JJS I-NP
+level NN I-NP
+in IN B-PP
+two CD B-NP
+years NNS I-NP
+as IN B-SBAR
+loan NN B-NP
+portfolio NN I-NP
+yields NNS I-NP
+rose VBD B-VP
+and CC O
+money NN B-NP
+costs NNS I-NP
+declined VBD B-VP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Great NNP B-NP
+Western NNP I-NP
+Financial NNP I-NP
+said VBD B-VP
+third-quarter JJ B-NP
+profit NN I-NP
+rose VBD B-VP
+slightly RB B-ADVP
+to TO B-PP
+$ $ B-NP
+68.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+52 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+67.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+53 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Great NNP B-NP
+Western JJ I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Beverly NNP B-NP
+Hills NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+is VBZ B-VP
+a DT B-NP
+financial JJ I-NP
+services NNS I-NP
+firm NN I-NP
+and CC O
+parent NN B-NP
+to TO B-PP
+Great NNP B-NP
+Western NNP I-NP
+Bank NNP I-NP
+, , O
+an DT B-NP
+S&L NNP I-NP
+. . O
+
+Great JJ B-NP
+Western NN I-NP
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+a DT B-NP
+sharp JJ I-NP
+increase NN I-NP
+in IN B-PP
+margins NNS B-NP
+in IN B-PP
+the DT B-NP
+recent JJ I-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+Margins NNS B-NP
+are VBP B-VP
+the DT B-NP
+difference NN I-NP
+between IN B-PP
+the DT B-NP
+yield NN I-NP
+on IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+earning VBG I-NP
+assets NNS I-NP
+and CC O
+its PRP$ B-NP
+own JJ I-NP
+cost NN I-NP
+of IN B-PP
+funds NNS B-NP
+. . O
+
+But CC O
+a DT B-NP
+reduction NN I-NP
+in IN B-PP
+one-time JJ B-NP
+gains NNS I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+various JJ B-NP
+assets NNS I-NP
+and CC O
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+provision NN I-NP
+for IN B-PP
+loan NN B-NP
+losses NNS I-NP
+held VBN B-VP
+down RP B-PRT
+the DT B-NP
+earnings NNS I-NP
+gain NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Great NNP B-NP
+Western NN I-NP
+'s POS B-NP
+provision NN I-NP
+for IN B-PP
+loan NN B-NP
+losses NNS I-NP
+was VBD B-VP
+increased VBN I-VP
+to TO B-PP
+$ $ B-NP
+27.9 CD I-NP
+million CD I-NP
+for IN B-PP
+the DT B-NP
+recent JJ I-NP
+quarter NN I-NP
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+21.8 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+primarily RB B-PP
+as IN I-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+`` `` O
+continued VBD B-NP
+weakness NN I-NP
+in IN B-PP
+various JJ B-NP
+commercial JJ I-NP
+and CC I-NP
+multifamily JJ I-NP
+real JJ I-NP
+estate NN I-NP
+markets NNS I-NP
+outside IN B-PP
+California NNP B-NP
+. . O
+'' '' O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+Great NNP B-NP
+Western NN I-NP
+posted VBD B-VP
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+177.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.37 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+5.9 CD I-NP
+% NN I-NP
+decline NN I-NP
+from IN B-PP
+$ $ B-NP
+188.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.48 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+period NN I-NP
+. . O
+
+Dun NNP B-NP
+& CC I-NP
+Bradstreet NNP I-NP
+Corp. NNP I-NP
+posted VBD B-VP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+earnings NNS I-NP
+. . O
+
+But CC O
+revenue NN B-NP
+declined VBD B-VP
+more JJR B-NP
+than IN I-NP
+2 CD I-NP
+% NN I-NP
+, , O
+reflecting VBG B-VP
+in IN B-PP
+part NN B-NP
+a DT B-NP
+continuing VBG I-NP
+drop NN I-NP
+in IN B-PP
+sales NNS B-NP
+of IN B-PP
+credit NN B-NP
+services NNS I-NP
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+controversy NN B-NP
+over IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+sales NNS I-NP
+practices NNS I-NP
+. . O
+
+The DT B-NP
+information NN I-NP
+company NN I-NP
+also RB B-ADVP
+cited VBD B-VP
+the DT B-NP
+stronger JJR I-NP
+dollar NN I-NP
+, , O
+the DT B-NP
+sale NN I-NP
+last JJ B-NP
+year NN I-NP
+of IN B-PP
+its PRP$ B-NP
+former JJ I-NP
+Official NNP I-NP
+Airline NNP I-NP
+Guides NNS I-NP
+unit NN I-NP
+and CC O
+other JJ B-NP
+factors NNS I-NP
+. . O
+
+Net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+to TO B-PP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+155.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+83 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+134.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+72 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+1.04 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.07 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Dun NNP B-NP
+& CC I-NP
+Bradstreet NNP I-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+53.75 CD I-NP
+, , O
+down RB B-ADVP
+25 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Analysts NNS B-NP
+said VBD B-VP
+the DT B-NP
+results NNS I-NP
+were VBD B-VP
+as IN O
+expected VBN B-VP
+, , O
+but CC O
+several JJ B-NP
+added VBD B-VP
+that IN B-SBAR
+the DT B-NP
+earnings NNS I-NP
+masked VBN B-VP
+underlying VBG B-NP
+weaknesses NNS I-NP
+in IN B-PP
+several JJ B-NP
+businesses NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+quality NN I-NP
+of IN B-PP
+earnings NNS B-NP
+was VBD B-VP
+n't RB O
+as RB B-ADJP
+high JJ I-ADJP
+as IN B-SBAR
+I PRP B-NP
+expected VBD B-VP
+, , O
+'' '' O
+said VBD B-VP
+Eric NNP B-NP
+Philo NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+for IN B-PP
+Goldman NNP B-NP
+, , I-NP
+Sachs NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+he PRP B-NP
+noted VBD B-VP
+, , O
+operating VBG B-NP
+profit NN I-NP
+was VBD B-VP
+weaker JJR B-ADJP
+than IN B-SBAR
+he PRP B-NP
+had VBD B-VP
+anticipated VBN I-VP
+, , O
+but CC O
+nonoperating VBG B-NP
+earnings NNS I-NP
+of IN B-PP
+$ $ B-NP
+14.6 CD I-NP
+million CD I-NP
+and CC O
+a DT B-NP
+lower JJR I-NP
+tax NN I-NP
+rate NN I-NP
+helped VBD B-VP
+boost VB I-VP
+net JJ B-NP
+income NN I-NP
+. . O
+
+Dun NNP B-NP
+& CC I-NP
+Bradstreet NNP I-NP
+said VBD B-VP
+operating VBG B-NP
+earnings NNS I-NP
+rose VBD B-VP
+8 CD B-NP
+% NN I-NP
+, , O
+excluding VBG B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+Official NNP B-NP
+Airline NNP I-NP
+Guides NNS I-NP
+. . O
+
+Third-quarter JJ B-NP
+sales NNS I-NP
+of IN B-PP
+U.S. NNP B-NP
+credit NN I-NP
+services NNS I-NP
+were VBD B-VP
+`` `` O
+disappointingly RB B-ADVP
+below IN B-PP
+sales NNS B-NP
+'' '' O
+of IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+Dun NNP B-NP
+& CC I-NP
+Bradstreet NNP I-NP
+said VBD B-VP
+. . O
+
+As IN B-SBAR
+previously RB B-ADVP
+reported VBD B-VP
+, , O
+those DT B-NP
+sales NNS I-NP
+have NN B-VP
+been VBN I-VP
+declining VBG I-VP
+this DT B-NP
+year NN I-NP
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+allegations NNS B-NP
+that IN B-SBAR
+the DT B-NP
+company NN I-NP
+engaged VBN B-VP
+in IN B-PP
+unfair JJ B-NP
+sales NNS I-NP
+practices NNS I-NP
+that WDT B-NP
+encouraged VBD B-VP
+customers NNS B-NP
+to TO B-VP
+overpurchase VB I-VP
+services NNS B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+has VBZ B-VP
+denied VBN I-VP
+the DT B-NP
+allegations NNS I-NP
+but CC O
+has VBZ B-VP
+negotiated VBN I-VP
+a DT B-NP
+proposed VBN I-NP
+$ $ I-NP
+18 CD I-NP
+million CD I-NP
+settlement NN I-NP
+of IN B-PP
+related VBN B-NP
+lawsuits NNS I-NP
+. . O
+
+Analysts NNS B-NP
+predict VBP B-VP
+the DT B-NP
+sales NNS I-NP
+impact NN I-NP
+will MD B-VP
+linger VB I-VP
+. . O
+
+`` `` O
+There EX B-NP
+is VBZ B-VP
+n't RB O
+much JJ B-NP
+question NN I-NP
+there EX B-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+ripple NN I-NP
+effect NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+John NNP B-NP
+Reidy NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc NNP I-NP
+. . O
+
+Dun NNP B-NP
+& CC I-NP
+Bradstreet NNP I-NP
+noted VBD B-VP
+that DT B-SBAR
+price NN B-NP
+competition NN I-NP
+in IN B-PP
+its PRP$ B-NP
+Nielsen NNP I-NP
+Marketing NNP I-NP
+Research NNP I-NP
+, , I-NP
+Nielsen NNP I-NP
+Clearing NNP I-NP
+House NNP I-NP
+and CC I-NP
+Donnelley NNP I-NP
+Marketing NNP I-NP
+businesses NNS I-NP
+also RB B-ADVP
+restrained VBN B-VP
+revenue NN B-NP
+growth NN I-NP
+. . O
+
+It PRP B-NP
+cited VBD B-VP
+cyclical JJ B-NP
+conditions NNS I-NP
+in IN B-PP
+its PRP$ O
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+Inc. NNP I-NP
+and CC I-NP
+D&B NNP I-NP
+Plan NNP I-NP
+Services NNPS I-NP
+units NNS I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+19 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+449 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.40 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+375.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.01 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Year-earlier JJ B-NP
+earnings NNS I-NP
+reflected VBD B-VP
+costs NNS B-NP
+of IN B-PP
+$ $ B-NP
+14.3 CD I-NP
+million CD I-NP
+related VBN B-ADJP
+to TO B-PP
+the DT B-NP
+acquisition NN I-NP
+of IN B-PP
+IMS NNP B-NP
+International NNP I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+slightly RB B-ADVP
+to TO B-PP
+$ $ B-NP
+3.16 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+3.13 CD I-NP
+billion CD I-NP
+. . O
+
+Control NNP B-NP
+Data NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+licensed VBD B-VP
+its PRP$ B-NP
+airline NN I-NP
+yield-management NN I-NP
+software NN I-NP
+to TO B-PP
+the DT B-NP
+International NNP I-NP
+Air NNP I-NP
+Transport NNP I-NP
+Association NNP I-NP
+. . O
+
+Terms NNS B-NP
+include VBP B-VP
+a DT B-NP
+royalty NN I-NP
+arrangement NN I-NP
+, , O
+but CC O
+details NNS B-NP
+were VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+The DT B-NP
+computer NN I-NP
+equipment NN I-NP
+and CC I-NP
+financial JJ I-NP
+services NNS I-NP
+company NN I-NP
+said VBD B-VP
+IATA NNP B-NP
+, , O
+a DT B-NP
+trade NN I-NP
+group NN I-NP
+, , O
+will MD B-VP
+sell VB I-VP
+access NN B-NP
+to TO B-PP
+the DT B-NP
+package NN I-NP
+to TO B-PP
+its PRP$ B-NP
+180 CD I-NP
+airline NN I-NP
+members NNS I-NP
+world-wide JJ B-ADVP
+. . O
+
+Control NNP B-NP
+Data NNP I-NP
+will MD B-VP
+receive VB I-VP
+revenue NN B-NP
+linked VBN B-VP
+to TO B-PP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+passengers NNS B-NP
+served VBN B-VP
+by IN B-PP
+the DT B-NP
+software NN I-NP
+, , O
+IATA NNP B-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+package NN I-NP
+helps VBZ B-VP
+carriers NNS B-NP
+solve VBP B-VP
+pricing VBG B-NP
+problems NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+how WRB B-ADVP
+to TO B-VP
+react VB I-VP
+to TO B-PP
+discounts NNS B-NP
+offered VBN B-VP
+by IN B-PP
+competitors NNS B-NP
+or CC O
+what WP B-NP
+would MD B-VP
+be VB I-VP
+the DT B-NP
+optimum JJ I-NP
+number NN I-NP
+of IN B-PP
+seats NNS B-NP
+to TO B-VP
+offer VB I-VP
+at IN B-PP
+a DT B-NP
+given VBN I-NP
+price NN I-NP
+. . O
+
+Wheeling-Pittsburgh NNP B-NP
+Steel NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+decided VBD B-VP
+to TO I-VP
+proceed VB I-VP
+with IN B-PP
+installation NN B-NP
+of IN B-PP
+automatic JJ B-NP
+gauge NN I-NP
+and CC I-NP
+shape NN I-NP
+controls NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+60-inch JJ I-NP
+tandem NN I-NP
+cold JJ I-NP
+rolling NN I-NP
+mill NN I-NP
+in IN B-PP
+Allenport NNP B-NP
+, , O
+Pa NNP B-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+equipment NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+produce VB I-VP
+steel NN B-NP
+sheet NN I-NP
+with IN B-PP
+more JJR B-NP
+uniform NN I-NP
+thickness NN I-NP
+and CC I-NP
+flatness NN I-NP
+, , O
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+cost VB I-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+20 CD I-NP
+million CD I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+company NN I-NP
+last RB B-ADVP
+considered VBD B-VP
+adding VBG I-VP
+the DT B-NP
+equipment NN I-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+it PRP B-NP
+estimated VBD B-VP
+the DT B-NP
+cost NN I-NP
+at IN B-PP
+$ $ B-NP
+21 CD I-NP
+million CD I-NP
+to TO O
+$ $ B-NP
+22 CD I-NP
+million CD I-NP
+, , O
+but CC O
+a DT B-NP
+task NN I-NP
+force NN I-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+prepare VB I-VP
+a DT B-NP
+detailed VBN I-NP
+plan NN I-NP
+before IN B-SBAR
+the DT B-NP
+company NN I-NP
+can MD B-VP
+predict VB I-VP
+the DT B-NP
+current JJ I-NP
+cost NN I-NP
+. . O
+
+The DT B-NP
+time NN I-NP
+schedule NN I-NP
+for IN B-PP
+installing VBG B-VP
+the DT B-NP
+equipment NN I-NP
+also RB B-ADVP
+will MD B-VP
+be VB I-VP
+developed VBN I-VP
+by IN B-PP
+the DT B-NP
+task NN I-NP
+force NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Sir NNP B-NP
+Richard NNP I-NP
+Butler NNP I-NP
+, , O
+60-year-old JJ B-NP
+chairman NN I-NP
+of IN B-PP
+Agricola NNP B-NP
+-LRB- ( O
+U.K NNP O
+. . O
+-RRB- ) O
+Ltd. NNP B-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+chairman NN B-NP
+of IN B-PP
+County NNP B-NP
+NatWest NNP I-NP
+Investment NNP I-NP
+Management NNP I-NP
+Ltd. NNP I-NP
+, , O
+the DT B-NP
+investment NN I-NP
+management NN I-NP
+subsidiary NN I-NP
+of IN B-PP
+County NNP B-NP
+NatWest NNP I-NP
+Ltd. NNP I-NP
+, , O
+the DT B-NP
+investment NN I-NP
+banking NN I-NP
+arm NN I-NP
+of IN B-PP
+this DT B-NP
+British JJ I-NP
+bank NN I-NP
+. . O
+
+Sir NNP B-NP
+Richard NNP I-NP
+succeeds VBZ B-VP
+John NNP B-NP
+Plastow NNP I-NP
+, , O
+who WP B-NP
+resigned VBD B-VP
+in IN B-PP
+July NNP B-NP
+. . O
+
+Sir NNP B-NP
+Richard NNP I-NP
+is VBZ B-VP
+also RB B-ADVP
+a DT B-NP
+non-executive JJ I-NP
+director NN I-NP
+at IN B-PP
+National NNP B-NP
+Westminister NNP I-NP
+Bank NNP I-NP
+and CC O
+NatWest NNP B-NP
+Investment NNP I-NP
+Bank NNP I-NP
+Ltd NNP I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+long JJ I-NP
+, , I-NP
+frightening JJ I-NP
+night NN I-NP
+after IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+devastating JJ I-NP
+earthquake NN I-NP
+, , O
+Bay NNP B-NP
+Area NNP I-NP
+residents NNS I-NP
+searched VBD B-VP
+for IN B-PP
+comfort NN B-NP
+and CC I-NP
+solace NN I-NP
+wherever WRB B-ADVP
+they PRP B-NP
+could MD B-VP
+. . O
+
+Some DT B-NP
+found VBD B-VP
+it PRP B-NP
+on IN B-PP
+the DT B-NP
+screen NN I-NP
+of IN B-PP
+a DT B-NP
+personal JJ I-NP
+computer NN I-NP
+. . O
+
+Hundreds NNS B-NP
+of IN B-PP
+Californians NNS B-NP
+made VBD B-VP
+their PRP$ B-NP
+way NN I-NP
+to TO B-PP
+their PRP$ B-NP
+computers NNS I-NP
+after IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+and CC O
+checked VBD B-VP
+in IN B-PRT
+with IN B-PP
+each DT B-NP
+other NN I-NP
+on IN B-PP
+electronic JJ B-NP
+bulletin NN I-NP
+boards NNS I-NP
+, , O
+which WDT B-NP
+link VBP B-VP
+computers NNS B-NP
+CB-radio-style JJ B-ADVP
+, , O
+via IN B-PP
+phone NN B-NP
+lines NNS I-NP
+. . O
+
+Some DT B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+vivid JJ I-NP
+bulletins NNS I-NP
+came VBD B-VP
+over IN B-PP
+The DT B-NP
+Well UH I-NP
+, , O
+a DT B-NP
+Sausalito NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , I-NP
+board NN I-NP
+that WDT B-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+liveliest JJS I-NP
+outposts NNS I-NP
+of IN B-PP
+the DT B-NP
+electronic JJ I-NP
+underground NN I-NP
+. . O
+
+About IN B-NP
+two-thirds NNS I-NP
+of IN B-PP
+the DT B-NP
+Well UH I-NP
+'s POS B-NP
+3,000 CD I-NP
+subscribers NNS I-NP
+live VBP B-VP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+. . O
+
+The DT B-NP
+quake NN I-NP
+knocked VBD B-VP
+The DT B-NP
+Well UH I-NP
+out IN B-PRT
+for IN B-PP
+six CD B-NP
+hours NNS I-NP
+, , O
+but CC O
+when WRB B-ADVP
+it PRP B-NP
+came VBD B-VP
+back RB B-ADVP
+up IN B-ADJP
+, , O
+it PRP B-NP
+teemed VBD B-VP
+with IN B-PP
+emotional JJ B-NP
+first-hand JJ I-NP
+reports NNS I-NP
+. . O
+
+Following VBG B-VP
+are VBP O
+excerpts NNS B-NP
+from IN B-PP
+the DT B-NP
+electronic JJ I-NP
+traffic NN I-NP
+that DT B-NP
+night NN I-NP
+. . O
+
+The DT B-NP
+time NN I-NP
+is VBZ B-VP
+Pacific NNP B-NP
+Daylight NNP I-NP
+Time NNP I-NP
+, , O
+and CC O
+the DT B-NP
+initials NNS I-NP
+or CC I-NP
+nicknames NNS I-NP
+are VBP B-VP
+those DT B-NP
+subscribers NNS B-NP
+use VBP B-VP
+to TO B-VP
+identify VB I-VP
+themselves PRP B-NP
+. . O
+
+11:54 CD B-NP
+p.m RB I-NP
+. . O
+
+JCKC NNP B-NP
+: : O
+
+Wow UH B-INTJ
+! . O
+
+I PRP B-NP
+was VBD B-VP
+in IN B-PP
+the DT B-NP
+avenues NNS I-NP
+, , O
+on IN B-PP
+the DT B-NP
+third JJ I-NP
+floor NN I-NP
+of IN B-PP
+an DT B-NP
+old JJ I-NP
+building NN I-NP
+, , O
+and CC O
+except IN B-PP
+for IN B-PP
+my PRP$ B-NP
+heart NN I-NP
+-LRB- ( O
+Beat NNP B-INTJ
+, , I-INTJ
+BEAT NN I-INTJ
+! . O
+-RRB- ) O
+I PRP B-NP
+'m VBP B-VP
+OK JJ B-ADJP
+. . O
+
+Got VBD B-VP
+back RB B-ADVP
+to TO B-PP
+Bolinas NNP B-NP
+, , O
+and CC O
+everything NN B-NP
+had VBD B-VP
+fallen VBN I-VP
+: : O
+broken VBN B-NP
+poster NN I-NP
+frames NNS I-NP
+with IN B-PP
+glass NN B-NP
+on IN B-PP
+the DT B-NP
+floor NN I-NP
+, , O
+file VB B-NP
+cabinets NNS I-NP
+open JJ B-ADJP
+or CC O
+dumped VBD B-VP
+onto IN B-PP
+the DT B-NP
+floor NN I-NP
+. . O
+
+11:59 CD B-NP
+p.m RB I-NP
+. . O
+
+JKD NNP B-NP
+: : O
+
+I PRP B-NP
+was VBD B-VP
+in IN B-PP
+my PRP$ B-NP
+favorite JJ I-NP
+watering NN I-NP
+hole NN I-NP
+, , O
+waiting VBG B-VP
+for IN B-SBAR
+the DT B-NP
+game NN I-NP
+to TO B-VP
+start VB I-VP
+. . O
+
+I PRP B-NP
+felt VBD B-VP
+the DT B-NP
+temblor NN I-NP
+begin VB B-VP
+and CC O
+glanced VBD B-VP
+at IN B-PP
+the DT B-NP
+table NN I-NP
+next JJ B-ADVP
+to TO B-PP
+mine VB B-NP
+, , O
+smiled VBD B-VP
+that IN B-NP
+guilty JJ I-NP
+smile NN I-NP
+and CC O
+we PRP B-NP
+both DT B-NP
+mouthed VBD B-VP
+the DT B-NP
+words NNS I-NP
+, , O
+`` `` O
+Earth-quake NN B-NP
+! . O
+'' '' O
+together RB B-ADVP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+usually RB B-ADVP
+how WRB B-ADVP
+long JJ O
+it PRP B-NP
+takes VBZ B-VP
+for IN B-SBAR
+the DT B-NP
+temblors NNS I-NP
+to TO B-VP
+pass VB I-VP
+. . O
+
+This DT B-NP
+time NN I-NP
+, , O
+it PRP B-NP
+just RB B-ADVP
+got VBD B-VP
+stronger JJR B-ADJP
+and CC O
+then RB O
+the DT B-NP
+building NN I-NP
+started VBD B-VP
+shaking VBG I-VP
+violently RB B-ADVP
+up IN B-ADVP
+and CC I-ADVP
+down RB I-ADVP
+as IN B-SBAR
+though IN I-SBAR
+it PRP B-NP
+were VBD B-VP
+a DT B-NP
+child NN I-NP
+'s POS B-NP
+toy NN I-NP
+block NN I-NP
+that WDT B-NP
+was VBD B-VP
+being VBG I-VP
+tossed VBN I-VP
+. . O
+
+12:06 CD B-NP
+a.m RB I-NP
+. . O
+
+HRH NNP B-NP
+: : O
+
+I PRP B-NP
+was VBD B-VP
+in IN B-PP
+the DT B-NP
+Berkeley NNP I-NP
+Main NNP I-NP
+library NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+hit VBD B-VP
+. . O
+
+Endless JJ B-NP
+seconds NNS I-NP
+wondering VBG B-VP
+if IN B-SBAR
+those DT B-NP
+huge JJ I-NP
+windows NNS I-NP
+would MD B-VP
+buckle VB I-VP
+and CC O
+shower NN B-VP
+us PRP B-NP
+with IN B-PP
+glass NN B-NP
+. . O
+
+Only RB B-NP
+a DT I-NP
+few JJ I-NP
+books NNS I-NP
+fell VBD B-VP
+in IN B-PP
+the DT B-NP
+reading NN I-NP
+room NN I-NP
+. . O
+
+Then RB O
+the DT B-NP
+auto NN I-NP
+paint NN I-NP
+shop NN I-NP
+fire NN I-NP
+sent VBD B-VP
+an DT B-NP
+evil-looking JJ I-NP
+cloud NN I-NP
+of IN B-PP
+black JJ B-NP
+smoke NN I-NP
+into IN B-PP
+the DT B-NP
+air NN I-NP
+. . O
+
+12:07 CD B-NP
+a.m RB I-NP
+. . O
+
+ONEZIE NNP B-NP
+: : O
+
+My PRP$ B-NP
+younger JJR I-NP
+daughter NN I-NP
+and CC O
+I PRP B-NP
+are VBP B-VP
+fine JJ B-ADJP
+. . O
+
+This DT B-NP
+building NN I-NP
+shook VBD B-VP
+like IN B-PP
+hell NN B-NP
+and CC O
+it PRP B-NP
+kept VBD B-VP
+getting VBG I-VP
+stronger JJR B-ADJP
+. . O
+
+Except IN B-PP
+for IN B-PP
+the DT B-NP
+gas NN I-NP
+tank NN I-NP
+at IN B-PP
+Hustead NNP B-NP
+'s POS B-NP
+Towing NNP I-NP
+Service NNP I-NP
+exploding VBG B-VP
+and CC I-VP
+burning VBG I-VP
+in IN B-PP
+downtown NN B-NP
+Berkeley NNP I-NP
+, , O
+things NNS B-NP
+here RB B-ADVP
+are VBP B-VP
+quite RB B-ADJP
+peaceful JJ I-ADJP
+. . O
+
+A DT B-NP
+lot NN I-NP
+of IN B-PP
+car NN B-NP
+alarms NNS I-NP
+went VBD B-VP
+off RB B-PRT
+. . O
+
+The DT B-NP
+cats NNS I-NP
+are VBP B-VP
+fine JJ B-ADJP
+, , I-ADJP
+although IN I-ADJP
+nervous JJ I-ADJP
+. . O
+
+12:15 CD B-NP
+a.m RB I-NP
+. . O
+
+DHAWK NNP B-NP
+: : O
+
+Huge JJ B-NP
+fire NN I-NP
+from IN B-PP
+broken VBN B-NP
+gas NN I-NP
+main JJ I-NP
+in IN B-PP
+the DT B-NP
+Marina NNP I-NP
+in IN B-PP
+SF NNP B-NP
+. . O
+
+Areas NNS B-NP
+that WDT B-NP
+are VBP B-VP
+made VBN I-VP
+of IN B-PP
+` `` O
+fill NN B-NP
+' '' O
+liquefy VB B-VP
+. . O
+
+A DT B-NP
+woman NN I-NP
+in IN B-PP
+a DT B-NP
+three-story JJ I-NP
+apartment NN I-NP
+was VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+walk VB I-VP
+out RP B-PP
+the IN B-NP
+window NN I-NP
+of IN B-PP
+the DT B-NP
+third JJ I-NP
+floor NN I-NP
+onto IN B-PP
+street NN B-NP
+level NN I-NP
+after IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+The DT B-NP
+house NN I-NP
+just RB B-ADVP
+settled VBD B-VP
+right RB B-ADVP
+down RB I-ADVP
+into IN B-PP
+the DT B-NP
+ground NN I-NP
+. . O
+
+12:38 CD B-NP
+a.m RB I-NP
+. . O
+
+DAYAC NNP B-NP
+: : O
+
+I PRP B-NP
+was VBD B-VP
+driving VBG I-VP
+my PRP$ B-NP
+truck NN I-NP
+, , O
+stopped VBD B-VP
+at IN B-PP
+a DT B-NP
+red JJ I-NP
+light NN I-NP
+at IN B-PP
+the DT B-NP
+corner NN I-NP
+of IN B-PP
+Shattuck NNP B-NP
+and CC I-NP
+Alcatraz NNP I-NP
+at IN B-PP
+the DT B-NP
+Oakland-Berkeley NNP I-NP
+border NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+hit VBD B-VP
+. . O
+
+Worst JJS B-NP
+part NN I-NP
+was VBD B-VP
+watching VBG I-VP
+power NN B-NP
+lines NNS I-NP
+waving VBG B-VP
+above IN B-PP
+my PRP$ B-NP
+head NN I-NP
+and CC O
+no DT B-NP
+way NN I-NP
+to TO B-VP
+drive VB I-VP
+away RB B-ADVP
+. . O
+
+12:48 CD B-NP
+a.m RB I-NP
+. . O
+
+LMEYER NNP B-NP
+: : O
+
+Was VBD B-VP
+300 CD B-NP
+ft. NN I-NP
+out IN B-ADVP
+on IN B-PP
+a DT B-NP
+pier NN I-NP
+in IN B-PP
+San NNP B-NP
+Rafael NNP I-NP
+. . O
+
+It PRP B-NP
+flopped VBD B-VP
+all DT B-ADVP
+around IN I-ADVP
+, , O
+real JJ B-ADJP
+dramatic JJ I-ADJP
+! . O
+
+Many JJ B-NP
+hairline NN I-NP
+cracks NNS I-NP
+in IN B-PP
+the DT B-NP
+concrete JJ I-NP
+slabs NNS I-NP
+afterwards RB B-ADVP
+. . O
+
+Ruined VBN B-VP
+the DT B-NP
+damn JJ I-NP
+fishing NN I-NP
+! . O
+
+1:00 CD B-NP
+a.m RB I-NP
+. . O
+
+HEYNOW NNP B-NP
+: : O
+
+I PRP B-NP
+rode VBD B-VP
+it PRP B-NP
+out IN B-PRT
+on IN B-PP
+the DT B-NP
+second JJ I-NP
+floor NN I-NP
+of IN B-PP
+Leo NNP B-NP
+'s POS B-NP
+at IN B-PP
+55th NN B-NP
+and CC I-NP
+Telegraph NNP I-NP
+in IN B-PP
+Oakland NNP B-NP
+. . O
+
+I PRP B-NP
+heard VBD B-VP
+parts NNS B-NP
+of IN B-PP
+the DT B-NP
+building NN I-NP
+above IN B-PP
+my PRP$ B-NP
+head NN I-NP
+cracking VBG B-VP
+. . O
+
+I PRP B-NP
+actually RB B-ADVP
+thought VBD B-VP
+that IN B-SBAR
+I PRP B-NP
+might MD B-VP
+die VB I-VP
+. . O
+
+I PRP B-NP
+could MD B-VP
+n't RB I-VP
+decide VB I-VP
+if IN B-SBAR
+I PRP B-NP
+should MD B-VP
+come VB I-VP
+home NN B-ADVP
+to TO B-PP
+Marin NNP B-NP
+, , O
+because IN B-SBAR
+my PRP$ B-NP
+house NN I-NP
+is VBZ B-VP
+on IN B-PP
+stilts NNS B-NP
+. . O
+
+I PRP B-NP
+decided VBD B-VP
+to TO I-VP
+brave VB I-VP
+the DT B-NP
+storm NN I-NP
+. . O
+
+There EX B-NP
+was VBD B-VP
+a DT B-NP
+horrible JJ I-NP
+smell NN I-NP
+of IN B-PP
+gas NN B-NP
+as IN B-SBAR
+I PRP B-NP
+passed VBD B-VP
+the DT B-NP
+Chevron NNP I-NP
+refinery NN I-NP
+before IN B-PP
+crossing VBG B-VP
+the DT B-NP
+Richmond-San NNP I-NP
+Rafael NNP I-NP
+Bridge NNP I-NP
+. . O
+
+I PRP B-NP
+could MD B-VP
+also RB I-VP
+see VB I-VP
+the DT B-NP
+clouds NNS I-NP
+across IN B-PP
+the DT B-NP
+bay NN I-NP
+from IN B-PP
+the DT B-NP
+horrible JJ I-NP
+fire NN I-NP
+in IN B-PP
+the DT B-NP
+Marina NNP I-NP
+District NNP I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+I PRP B-NP
+have VBP B-VP
+felt VBN I-VP
+many JJ B-NP
+aftershocks NNS I-NP
+. . O
+
+My PRP$ B-NP
+back RB I-NP
+is VBZ B-VP
+still RB B-ADVP
+in IN B-PP
+knots NNS B-NP
+and CC O
+my PRP$ B-NP
+hands NNS I-NP
+are VBP B-VP
+still RB I-VP
+shaking VBG I-VP
+. . O
+
+I PRP B-NP
+think VBP B-VP
+a DT B-NP
+few NN I-NP
+of IN B-PP
+the DT B-NP
+aftershocks NNS I-NP
+might MD B-VP
+just RB I-VP
+be VB I-VP
+my PRP$ B-NP
+body NN I-NP
+shaking VBG B-VP
+. . O
+
+1:11 CD B-NP
+a.m. NN I-NP
+
+GR8FLRED CD B-NP
+: : O
+
+I PRP B-NP
+could MD B-VP
+see VB I-VP
+the DT B-NP
+flames NNS I-NP
+from IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+from IN B-PP
+my PRP$ B-NP
+house NN I-NP
+across IN B-PP
+the DT B-NP
+bay NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+hard JJ B-ADJP
+to TO B-VP
+believe VB I-VP
+this DT B-NP
+really RB B-ADVP
+is VBZ B-VP
+happening VBG I-VP
+. . O
+
+1:11 CD B-NP
+a.m RB I-NP
+. . O
+
+RD NNP B-NP
+: : O
+
+Building NNP B-NP
+on IN B-PP
+the DT B-NP
+corner NN I-NP
+severely RB B-VP
+damaged VBD I-VP
+, , O
+so RB O
+an DT B-NP
+old JJ I-NP
+lady NN I-NP
+and CC O
+her PRP$ B-NP
+very RB I-NP
+old JJ I-NP
+mother NN I-NP
+are VBP B-VP
+in IN B-PP
+the DT B-NP
+guest NN I-NP
+room NN I-NP
+. . O
+
+Books NNS B-NP
+and CC I-NP
+software NN I-NP
+everywhere RB B-ADVP
+. . O
+
+This DT B-NP
+being VBG B-VP
+typed VBN I-VP
+in IN B-PP
+a DT B-NP
+standing VBG I-NP
+position NN I-NP
+. . O
+
+1:20 CD B-NP
+a.m RB I-NP
+. . O
+
+DGAULT NNP B-NP
+: : O
+
+Bolinas NNP B-NP
+-- : O
+astride IN B-PP
+the DT B-NP
+San NNP I-NP
+Andreas NNP I-NP
+Fault NNP I-NP
+. . O
+
+Did VBD B-VP
+n't RB I-VP
+feel VB I-VP
+a DT B-NP
+thing NN I-NP
+, , O
+but CC O
+noticed VBD B-VP
+some DT B-NP
+strange JJ I-NP
+bird NN I-NP
+behavior NN I-NP
+. . O
+
+Duck NN B-NP
+swarms NNS I-NP
+. . O
+
+3:25 CD B-NP
+a.m RB I-NP
+. . O
+
+SAMURAI NNP B-NP
+: : O
+
+I PRP B-NP
+just RB B-ADVP
+felt VBD B-VP
+another DT B-NP
+aftershock NN I-NP
+a DT B-NP
+few JJ I-NP
+seconds NNS I-NP
+ago RB B-ADVP
+. . O
+
+I PRP B-NP
+'m VBP B-VP
+just RB B-ADVP
+numb JJ B-ADJP
+. . O
+
+3:25 CD B-NP
+a.m RB I-NP
+. . O
+
+MACPOST NNP B-NP
+: : O
+
+Downtown NNP B-NP
+Bolinas NNP I-NP
+seems VBZ B-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+part NN I-NP
+of IN B-PP
+town NN B-NP
+that WDT B-NP
+'s VBZ B-VP
+worst JJS B-ADJP
+off RB I-ADJP
+. . O
+
+No DT B-NP
+power NN I-NP
+, , O
+minimal JJ B-NP
+phones NNS I-NP
+, , O
+and CC O
+a DT B-NP
+mess NN I-NP
+of IN B-PP
+mayonnaise NN B-NP
+, , O
+wine NN B-NP
+, , O
+and CC O
+everything NN B-NP
+else RB B-ADJP
+all DT B-ADVP
+over IN B-PP
+the DT B-NP
+floors NNS I-NP
+of IN B-PP
+the DT B-NP
+big JJ I-NP
+old JJ I-NP
+general JJ I-NP
+store NN I-NP
+and CC O
+the DT B-NP
+People NNS I-NP
+'s POS B-NP
+Co-op NN I-NP
+. . O
+
+The DT B-NP
+quivers NNS I-NP
+move VBP B-VP
+through IN B-PP
+my PRP$ B-NP
+house NN I-NP
+every DT B-NP
+few JJ I-NP
+minutes NNS I-NP
+at IN B-PP
+unpredictable JJ B-NP
+intervals NNS I-NP
+, , O
+and CC O
+the DT B-NP
+mouse NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+been VBN I-VP
+living VBG I-VP
+in IN B-PP
+my PRP$ B-NP
+kitchen NN I-NP
+has VBZ B-VP
+taken VBN I-VP
+refuge NN B-NP
+under IN B-PP
+my PRP$ B-NP
+desk NN I-NP
+. . O
+
+It PRP B-NP
+runs VBZ B-VP
+out IN B-ADVP
+frantically RB B-ADVP
+now RB B-ADVP
+and CC I-ADVP
+then RB I-ADVP
+, , O
+and CC O
+is VBZ B-VP
+clearly RB B-ADVP
+pretty RB B-ADJP
+distressed JJ I-ADJP
+. . O
+
+I PRP B-NP
+was VBD B-VP
+in IN B-PP
+Stinson NNP B-NP
+Beach NNP I-NP
+when WRB B-ADVP
+the DT B-NP
+quake NN I-NP
+rolled VBD B-VP
+through IN B-PP
+town NN B-NP
+. . O
+
+At IN B-ADVP
+first JJ I-ADVP
+, , O
+we PRP B-NP
+were VBD B-VP
+unfazed VBN I-VP
+. . O
+
+Then RB O
+as IN B-SBAR
+things NNS B-NP
+got VBD B-VP
+rougher JJR B-ADJP
+, , O
+we PRP B-NP
+ran VBD B-VP
+for IN B-PP
+the DT B-NP
+door NN I-NP
+and CC O
+spent VBD B-VP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+minutes NNS I-NP
+outside IN B-ADVP
+watching VBG B-VP
+the DT B-NP
+brick NN I-NP
+sidewalk NN I-NP
+under IN B-PP
+our PRP$ B-NP
+feet NNS I-NP
+oozing VBG B-VP
+up IN B-ADVP
+and CC I-ADVP
+down RB I-ADVP
+, , O
+and CC O
+the DT B-NP
+flowers NNS I-NP
+waving VBG B-VP
+in IN B-PP
+an DT B-NP
+eerie JJ I-NP
+rhythm NN I-NP
+. . O
+
+Amazing JJ B-ADJP
+what WP B-NP
+it PRP B-NP
+does VBZ B-VP
+to TO B-PP
+one CD B-NP
+'s POS B-NP
+heart NN I-NP
+rate NN I-NP
+and CC O
+one CD B-NP
+'s POS B-NP
+short-term JJ I-NP
+memory NN I-NP
+. . O
+
+Everyone NN B-NP
+looked VBD B-VP
+calm JJ B-ADJP
+, , O
+but CC O
+there EX B-NP
+was VBD B-VP
+this DT B-NP
+surreal JJ I-NP
+low JJ I-NP
+level NN I-NP
+of IN B-PP
+confusion NN B-NP
+as IN B-SBAR
+the DT B-NP
+aftershocks NNS I-NP
+continued VBD B-VP
+. . O
+
+4:02 CD B-NP
+a.m RB I-NP
+. . O
+
+SHIBUMI NNP B-NP
+: : O
+
+Power NNP B-NP
+is VBZ B-VP
+back RB B-ADVP
+on IN B-ADVP
+, , O
+and CC O
+UCSF NNP B-NP
+-LCB- ( O
+medical JJ B-NP
+center NN I-NP
+-RCB- ) O
+seems VBZ B-VP
+to TO I-VP
+have VB I-VP
+quieted VBN I-VP
+down RB B-PRT
+for IN B-PP
+the DT B-NP
+night NN I-NP
+-LRB- ( O
+they PRP B-NP
+were VBD B-VP
+doing VBG I-VP
+triage NN B-NP
+out IN B-PP
+in IN B-PP
+the DT B-NP
+parking NN I-NP
+lot NN I-NP
+from IN B-PP
+the DT B-NP
+sound NN I-NP
+and CC I-NP
+lights NNS I-NP
+of IN B-PP
+it PRP B-NP
+-RRB- ) O
+. . O
+
+A DT B-NP
+friend NN I-NP
+of IN B-PP
+mine NN B-NP
+was VBD B-VP
+in IN B-PP
+an DT B-NP
+underground JJ I-NP
+computer NN I-NP
+center NN I-NP
+in IN B-PP
+downtown NN B-NP
+SF NNP I-NP
+when WRB B-ADVP
+the DT B-NP
+quake NN I-NP
+hit VBD B-VP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+that IN B-SBAR
+one CD B-NP
+of IN B-PP
+the DT B-NP
+computers NNS I-NP
+took VBD B-VP
+a DT B-NP
+three-foot JJ I-NP
+trip NN I-NP
+sliding VBG B-VP
+across IN B-PP
+the DT B-NP
+floor NN I-NP
+. . O
+
+Today NN B-NP
+should MD B-VP
+be VB I-VP
+interesting JJ B-ADJP
+as IN B-SBAR
+people NNS B-NP
+realize VBP B-VP
+how WRB B-ADVP
+hard JJ O
+life NN B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+here RB B-ADVP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+. . O
+
+4:30 CD B-NP
+a.m RB I-NP
+. . O
+
+KIM NNP B-NP
+: : O
+
+I PRP B-NP
+got VBD B-VP
+home NN B-NP
+, , O
+let VB B-VP
+the DT B-NP
+dogs NNS I-NP
+into IN B-PP
+the DT B-NP
+house NN I-NP
+and CC O
+noticed VBD B-VP
+some DT B-NP
+sounds VBZ I-NP
+above IN B-PP
+my PRP$ B-NP
+head NN I-NP
+, , O
+as IN B-SBAR
+if IN I-SBAR
+someone NN B-NP
+were VBD B-VP
+walking VBG I-VP
+on IN B-PP
+the DT B-NP
+roof NN I-NP
+, , O
+or CC O
+upstairs NN B-NP
+. . O
+
+Then RB O
+I PRP B-NP
+noticed VBD B-VP
+the DT B-NP
+car NN I-NP
+was VBD B-VP
+bouncing VBG I-VP
+up IN B-ADVP
+and CC I-ADVP
+down RB I-ADVP
+as IN B-SBAR
+if IN I-SBAR
+someone NN B-NP
+were VBD B-VP
+jumping VBG I-VP
+on IN B-PP
+it PRP B-NP
+. . O
+
+I PRP B-NP
+realized VBD B-VP
+what WP B-NP
+was VBD B-VP
+happening VBG I-VP
+and CC O
+screamed VBD B-VP
+into IN B-PP
+the DT B-NP
+house NN I-NP
+for IN B-PP
+the DT B-NP
+dogs NNS I-NP
+. . O
+
+Cupboard NN B-NP
+doors NNS I-NP
+were VBD B-VP
+flying VBG I-VP
+, , O
+the DT B-NP
+trash NN I-NP
+can MD I-NP
+in IN B-PP
+the DT B-NP
+kitchen NN I-NP
+walked VBD B-VP
+a DT B-NP
+few JJ I-NP
+feet NNS I-NP
+, , O
+the DT B-NP
+dogs NNS I-NP
+came VBD B-VP
+running VBG I-VP
+, , O
+and CC O
+I PRP B-NP
+scooted VBD B-VP
+them PRP B-NP
+into IN B-PP
+the DT B-NP
+dog NN I-NP
+run NN I-NP
+and CC O
+stood VBD B-VP
+in IN B-PP
+the DT B-NP
+doorway NN I-NP
+myself PRP B-NP
+, , O
+watching VBG B-VP
+the DT B-NP
+outside JJ I-NP
+trash NN I-NP
+cans NNS I-NP
+dance VBP B-VP
+across IN B-PP
+the DT B-NP
+concrete NN I-NP
+. . O
+
+When WRB B-ADVP
+I PRP B-NP
+realized VBD B-VP
+it PRP B-NP
+was VBD B-VP
+over IN B-ADJP
+, , O
+I PRP B-NP
+went VBD B-VP
+and CC O
+stood VBD B-VP
+out IN B-ADVP
+in IN B-PP
+front NN B-NP
+of IN B-PP
+the DT B-NP
+house NN I-NP
+, , O
+waiting VBG B-VP
+and CC I-VP
+praying VBG I-VP
+for IN B-SBAR
+Merrill NNP B-NP
+to TO B-VP
+come VB I-VP
+home NN B-ADVP
+, , O
+shivering VBG B-VP
+as IN B-SBAR
+if IN I-SBAR
+it PRP B-NP
+were VBD B-VP
+20 CD B-NP
+below IN B-PP
+zero CD B-NP
+until IN B-SBAR
+he PRP B-NP
+got VBD B-VP
+there RB B-ADVP
+. . O
+
+Never RB B-ADVP
+in IN B-PP
+my PRP$ B-NP
+life NN I-NP
+have VBP O
+I PRP B-NP
+been VBN B-VP
+so RB B-ADJP
+frightened VBN I-ADJP
+. . O
+
+When WRB B-ADVP
+I PRP B-NP
+saw VBD B-VP
+the DT B-NP
+pictures NNS I-NP
+of IN B-PP
+880 CD B-NP
+and CC O
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+, , O
+I PRP B-NP
+began VBD B-VP
+to TO I-VP
+cry VB I-VP
+. . O
+
+5:09 CD B-NP
+a.m RB I-NP
+. . O
+
+JROE NNP B-NP
+: : O
+
+The DT B-NP
+Sunset NNP I-NP
+-LCB- ( I-NP
+District NNP I-NP
+-RCB- ) O
+was VBD B-VP
+more JJR B-ADVP
+or CC I-ADVP
+less JJR I-ADVP
+like IN B-PP
+a DT B-NP
+pajama NN I-NP
+party NN I-NP
+all DT B-NP
+evening NN I-NP
+, , O
+lots NNS B-NP
+of IN B-PP
+people NNS B-NP
+& CC I-NP
+dogs NNS I-NP
+walking VBG B-VP
+around IN B-ADVP
+, , O
+drinking NN B-VP
+beer NN B-NP
+. . O
+
+6:50 CD B-NP
+a.m RB I-NP
+. . O
+
+CAROLG NNP B-NP
+: : O
+
+I PRP B-NP
+was VBD B-VP
+just RB I-VP
+sitting VBG I-VP
+down RB B-PRT
+to TO B-VP
+meet VB I-VP
+with IN B-PP
+some DT B-NP
+new JJ I-NP
+therapy NN I-NP
+clients NNS I-NP
+, , O
+a DT B-NP
+couple NN I-NP
+, , O
+and CC O
+the DT B-NP
+building NN I-NP
+started VBD B-VP
+shaking VBG I-VP
+like IN B-PP
+crazy JJ B-ADJP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+flimsy JJ I-NP
+structure NN I-NP
+, , O
+built VBN B-VP
+up IN B-PP
+on IN B-PP
+supports VBZ B-NP
+, , O
+and CC O
+it PRP B-NP
+was VBD B-VP
+really RB I-VP
+rocking VBG I-VP
+around RB B-ADVP
+. . O
+
+The DT B-NP
+three CD I-NP
+of IN B-PP
+us PRP B-NP
+stopped VBD B-VP
+breathing NN I-VP
+for IN B-PP
+a DT B-NP
+moment NN I-NP
+, , O
+and CC O
+then RB O
+when WRB B-ADVP
+it PRP B-NP
+kept VBD B-VP
+on IN B-PRT
+coming VBG B-VP
+we PRP B-NP
+lunged VBD B-VP
+for IN B-PP
+the DT B-NP
+doorway NN I-NP
+. . O
+
+Needless JJ B-ADJP
+to TO B-VP
+say VB I-VP
+, , O
+it PRP B-NP
+was VBD B-VP
+an DT B-NP
+interesting JJ I-NP
+first JJ I-NP
+session NN I-NP
+! . O
+
+7:13 CD B-NP
+a.m RB I-NP
+. . O
+
+CALLIOPE NNP B-NP
+: : O
+
+Albany NNP B-NP
+escaped VBD B-VP
+embarrassingly RB B-ADJP
+unscathed JJ I-ADJP
+. . O
+
+Biggest JJS B-NP
+trouble NN I-NP
+was VBD B-VP
+scared VBN B-NP
+family NN I-NP
+who WP B-NP
+could MD B-VP
+n't RB I-VP
+get VB I-VP
+a DT B-NP
+phone NN I-NP
+line NN I-NP
+through IN B-ADVP
+, , O
+and CC O
+spent VBD B-VP
+a DT B-NP
+really RB I-NP
+horrible JJ I-NP
+hour NN I-NP
+not RB O
+knowing VBG B-VP
+. . O
+
+8:01 CD B-NP
+a.m RB I-NP
+. . O
+
+HLR NNP B-NP
+: : O
+
+Judy NNP B-NP
+and CC I-NP
+I PRP I-NP
+were VBD B-VP
+in IN B-PP
+our PRP$ B-NP
+back JJ I-NP
+yard NN I-NP
+when WRB B-ADVP
+the DT B-NP
+lawn NN I-NP
+started VBD B-VP
+rolling VBG I-VP
+like IN B-PP
+ocean NN B-NP
+waves NNS I-NP
+. . O
+
+We PRP B-NP
+ran VBD B-VP
+into IN B-PP
+the DT B-NP
+house NN I-NP
+to TO B-VP
+get VB I-VP
+Mame NNP B-NP
+, , O
+but CC O
+the DT B-NP
+next JJ I-NP
+tremor NN I-NP
+threw VBD B-VP
+me PRP B-NP
+in IN B-PP
+the DT B-NP
+air NN I-NP
+and CC O
+bounced VBD B-VP
+me PRP B-NP
+as IN B-SBAR
+I PRP B-NP
+tried VBD B-VP
+to TO I-VP
+get VB I-VP
+to TO B-PP
+my PRP$ B-NP
+feet NNS I-NP
+. . O
+
+We PRP B-NP
+are VBP B-VP
+all DT O
+fine JJ B-ADJP
+here RB B-ADVP
+, , O
+although IN B-SBAR
+Mame NNP B-NP
+was VBD B-VP
+extremely RB B-ADJP
+freaked VBN I-ADJP
+. . O
+
+Kitchen NNP B-NP
+full JJ B-ADJP
+of IN B-PP
+broken VBN B-NP
+crystal NN I-NP
+. . O
+
+Books NNS B-NP
+and CC I-NP
+tapes NNS I-NP
+all DT B-ADVP
+over IN B-PP
+my PRP$ B-NP
+room NN I-NP
+. . O
+
+Not RB B-NP
+one CD I-NP
+thing NN I-NP
+in IN B-PP
+the DT B-NP
+house NN I-NP
+is VBZ B-VP
+where WRB B-ADVP
+it PRP B-NP
+is VBZ B-VP
+supposed VBN I-VP
+to TO I-VP
+be VB I-VP
+, , O
+but CC O
+the DT B-NP
+structure NN I-NP
+is VBZ B-VP
+fine JJ B-ADJP
+. . O
+
+While IN B-SBAR
+I PRP B-NP
+was VBD B-VP
+standing VBG I-VP
+on IN B-PP
+the DT B-NP
+lawn NN I-NP
+with IN B-PP
+Mame NNP B-NP
+, , O
+waiting VBG B-VP
+for IN B-PP
+another DT B-NP
+tremor NN I-NP
+, , O
+I PRP B-NP
+noticed VBD B-VP
+that IN B-SBAR
+all PDT B-NP
+the DT I-NP
+earthworms NNS I-NP
+were VBD B-VP
+emerging VBG I-VP
+from IN B-PP
+the DT B-NP
+ground NN I-NP
+and CC O
+slithering VBG B-VP
+across IN B-PP
+the DT B-NP
+lawn NN I-NP
+! . O
+
+9:31 CD B-NP
+a.m. NN I-NP
+
+GR8FLRED CD B-NP
+: : O
+
+It PRP B-NP
+'s VBZ B-VP
+amazing JJ B-ADJP
+how WRB B-ADVP
+one CD B-NP
+second JJ I-NP
+can MD B-VP
+so RB I-VP
+completely RB I-VP
+change VB I-VP
+your PRP$ B-NP
+life NN I-NP
+. . O
+
+9:38 CD B-NP
+a.m RB I-NP
+. . O
+
+FIG NNP B-NP
+: : O
+
+I PRP B-NP
+guess VBP B-VP
+we PRP B-NP
+'re VBP B-VP
+all DT O
+living VBG B-VP
+very RB B-ADVP
+tentatively RB I-ADVP
+here RB B-ADVP
+, , O
+waiting VBG B-VP
+for IN B-PP
+the DT B-NP
+expected VBN I-NP
+but CC I-NP
+dreaded VBN I-NP
+aftershock NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+hard JJ B-ADJP
+to TO B-VP
+accept VB I-VP
+that IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+over IN B-ADVP
+and CC O
+only RB B-VP
+took VBD I-VP
+15 CD B-NP
+seconds NNS I-NP
+. . O
+
+I PRP B-NP
+wonder VBP B-VP
+when WRB B-ADVP
+we PRP B-NP
+'ll MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+relax VB I-VP
+. . O
+
+9:53 CD B-NP
+a.m RB I-NP
+. . O
+
+PANDA NNP B-NP
+: : O
+
+Flesh NN B-NP
+goes VBZ B-VP
+to TO B-PP
+total VB B-NP
+alert JJ I-NP
+for IN B-PP
+flight NN B-NP
+or CC I-NP
+fight NN I-NP
+. . O
+
+Nausea NN B-NP
+seems VBZ B-VP
+a DT B-NP
+commonplace JJ I-NP
+symptom NN I-NP
+. . O
+
+Berkeley NNP B-NP
+very RB B-ADJP
+quiet JJ I-ADJP
+right RB B-ADVP
+now RB I-ADVP
+. . O
+
+I PRP B-NP
+walked VBD B-VP
+along IN B-PP
+Shattuck NNP B-NP
+between IN B-PP
+Delaware NNP B-NP
+and CC I-NP
+Cedar NNP I-NP
+at IN B-PP
+a DT B-NP
+few JJ I-NP
+minutes NNS I-NP
+before IN B-PP
+eight CD B-NP
+this DT B-NP
+morning NN I-NP
+. . O
+
+Next JJ B-ADVP
+to TO B-PP
+Chez NNP B-NP
+Panisse NNP I-NP
+a DT B-NP
+homeless JJ I-NP
+couple NN I-NP
+, , O
+bundled VBN B-VP
+into IN B-PP
+a DT B-NP
+blue JJ I-NP
+sleeping NN I-NP
+bag NN I-NP
+, , O
+sat VBD B-VP
+up IN B-PRT
+, , O
+said VBD B-VP
+, , O
+`` `` O
+Good JJ B-INTJ
+morning NN I-INTJ
+'' '' O
+and CC O
+then RB O
+the DT B-NP
+woman NN I-NP
+smiled VBD B-VP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+Is VBZ O
+n't RB O
+it PRP B-NP
+great JJ B-ADJP
+just RB B-ADVP
+to TO B-VP
+be VB I-VP
+alive JJ B-ADJP
+? . O
+'' '' O
+
+I PRP B-NP
+agreed VBD B-VP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+. . O
+
+Great NNP B-ADJP
+. . O
+
+Georgia-Pacific NNP B-NP
+Corp. NNP I-NP
+, , O
+exceeding VBG B-VP
+some DT B-NP
+analysts NNS I-NP
+' POS B-NP
+expectations NNS I-NP
+, , O
+said VBD B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+rose VBD B-VP
+56 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+178 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.03 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+114 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.19 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+increased VBN B-VP
+10 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.65 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.41 CD I-NP
+billion CD I-NP
+. . O
+
+Per-share JJ B-NP
+earnings NNS I-NP
+were VBD B-VP
+enhanced VBN I-VP
+by IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+share NN I-NP
+buy-back NN I-NP
+program NN I-NP
+, , O
+which WDT B-NP
+reduced VBD B-VP
+the DT B-NP
+average JJ I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+to TO B-PP
+87.5 CD B-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+from IN B-PP
+95.8 CD B-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+same JJ I-NP
+quarter NN I-NP
+of IN B-PP
+1988 CD B-NP
+. . O
+
+With IN B-PP
+strong JJ B-NP
+prices NNS I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+two CD I-NP
+major JJ I-NP
+areas NNS I-NP
+-- : O
+building NN B-NP
+products NNS I-NP
+as RB B-NP
+well RB I-NP
+as IN I-NP
+pulp NN B-NP
+and CC I-NP
+paper NN I-NP
+-- : O
+analysts NNS B-NP
+had VBD B-VP
+expected VBN I-VP
+a DT B-NP
+roaring VBG I-NP
+quarter NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+performance NN I-NP
+exceeded VBD B-VP
+some DT B-NP
+estimates NNS I-NP
+of IN B-PP
+around IN B-NP
+$ $ I-NP
+1.90 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Fueling VBG B-VP
+the DT B-NP
+growth NN I-NP
+, , O
+among IN B-PP
+other JJ B-NP
+things NNS I-NP
+, , O
+were VBD B-VP
+higher-than-expected JJ B-NP
+prices NNS I-NP
+for IN B-PP
+certain JJ B-NP
+building NN I-NP
+products NNS I-NP
+. . O
+
+One CD B-NP
+reason NN I-NP
+: : O
+efforts NNS B-NP
+to TO B-VP
+protect VB I-VP
+the DT B-NP
+spotted VBN I-NP
+owl NN I-NP
+led VBN B-VP
+to TO B-PP
+restrictions NNS B-NP
+on IN B-PP
+logging NN B-NP
+in IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+Northwest NNP I-NP
+, , O
+constricting VBG B-VP
+supply NN B-NP
+and CC O
+forcing VBG B-VP
+prices NNS B-NP
+up RB B-ADVP
+. . O
+
+Another DT B-NP
+reason NN I-NP
+: : O
+strikes NNS B-NP
+, , O
+both DT B-PP
+at IN I-PP
+Georgia-Pacific NNP B-NP
+and CC O
+other JJ B-NP
+lumber NN I-NP
+companies NNS I-NP
+also RB B-ADVP
+cut VBP B-VP
+supplies NNS B-NP
+and CC O
+raised VBN B-VP
+prices NNS B-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Georgia-Pacific NNP B-NP
+'s POS B-NP
+earnings NNS I-NP
+increased VBN B-VP
+49 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+504 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+5.58 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+338 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.41 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+11 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+7.73 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+6.94 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+Trading NN I-NP
+, , O
+Georgia-Pacific NNP B-NP
+stock NN I-NP
+rose VBD B-VP
+$ $ B-NP
+1.25 CD I-NP
+a DT B-NP
+share NN I-NP
+yesterday NN B-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+58 CD I-NP
+. . O
+
+The DT B-NP
+House NNP I-NP
+Public NNP I-NP
+Works NNP I-NP
+and CC I-NP
+Transportation NNP I-NP
+Committee NNP I-NP
+approved VBD B-VP
+a DT B-NP
+bill NN I-NP
+that WDT B-NP
+would MD B-VP
+give VB I-VP
+the DT B-NP
+Transportation NNP I-NP
+Department NNP I-NP
+power NN B-NP
+to TO B-VP
+block VB I-VP
+airline NN B-NP
+leveraged JJ I-NP
+buy-outs NNS I-NP
+, , O
+despite IN B-PP
+a DT B-NP
+clear JJ I-NP
+veto NN I-NP
+threat NN I-NP
+from IN B-PP
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+. . O
+
+The DT B-NP
+23-5 JJ I-NP
+vote NN I-NP
+clears VBZ B-VP
+the DT B-NP
+way NN I-NP
+for IN B-PP
+consideration NN B-NP
+on IN B-PP
+the DT B-NP
+House NNP I-NP
+floor NN I-NP
+next JJ B-NP
+week NN I-NP
+or CC O
+the DT B-NP
+week NN I-NP
+after RB B-ADJP
+. . O
+
+Transportation NNP B-NP
+Secretary NNP I-NP
+Samuel NNP I-NP
+Skinner NNP I-NP
+, , O
+in IN B-PP
+a DT B-NP
+letter NN I-NP
+to TO B-PP
+the DT B-NP
+committee NN I-NP
+, , O
+warned VBD B-VP
+that IN B-SBAR
+he PRP B-NP
+would MD B-VP
+urge VB I-VP
+President NNP B-NP
+Bush NNP I-NP
+to TO B-VP
+veto VB I-VP
+the DT B-NP
+legislation NN I-NP
+if IN B-SBAR
+it PRP B-NP
+passed VBD B-VP
+Congress NNP B-NP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+Commerce NNP I-NP
+Committee NNP I-NP
+already RB B-ADVP
+has VBZ B-VP
+approved VBN I-VP
+similar JJ B-NP
+legislation NN I-NP
+. . O
+
+On IN B-PP
+Monday NNP B-NP
+, , O
+a DT B-NP
+letter NN I-NP
+from IN B-PP
+Mr. NNP B-NP
+Skinner NNP I-NP
+'s POS B-NP
+deputy NN I-NP
+, , O
+Elaine NNP B-NP
+Chao NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+administration NN I-NP
+opposed VBD B-VP
+the DT B-NP
+legislation NN I-NP
+`` `` O
+in IN B-PP
+its PRP$ B-NP
+present JJ I-NP
+form NN I-NP
+. . O
+'' '' O
+
+Some DT B-NP
+of IN B-PP
+the DT B-NP
+bill NN I-NP
+'s POS B-NP
+supporters NNS I-NP
+had VBD B-VP
+taken VBN I-VP
+heart NN B-NP
+from IN B-PP
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+the DT B-NP
+letter NN I-NP
+was VBD B-VP
+n't RB I-VP
+signed VBN I-VP
+by IN B-PP
+Mr. NNP B-NP
+Skinner NNP I-NP
+and CC O
+that IN B-SBAR
+it PRP B-NP
+did VBD B-VP
+n't RB I-VP
+contain VB I-VP
+a DT B-NP
+veto NN I-NP
+threat NN I-NP
+. . O
+
+The DT B-NP
+stepped-up JJ I-NP
+administration NN I-NP
+warnings NNS I-NP
+annoyed VBD B-VP
+some DT B-NP
+lawmakers NNS I-NP
+, , O
+especially RB B-NP
+senior JJ I-NP
+Republicans NNPS I-NP
+who WP B-NP
+supported VBD B-VP
+the DT B-NP
+bill NN I-NP
+because IN B-SBAR
+they PRP B-NP
+thought VBD B-VP
+the DT B-NP
+Transportation NNP I-NP
+Department NNP I-NP
+favored VBD B-VP
+it PRP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+backed VBD B-VP
+this DT B-NP
+bill NN I-NP
+because IN B-SBAR
+we PRP B-NP
+thought VBD B-VP
+it PRP B-NP
+would MD B-VP
+help VB I-VP
+Skinner NNP B-NP
+, , O
+'' '' O
+one CD B-NP
+Republican NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+and CC O
+now RB B-ADVP
+we PRP B-NP
+'re VBP B-VP
+out IN B-ADVP
+there RB I-ADVP
+dangling VBG B-VP
+in IN B-PP
+the DT B-NP
+wind NN I-NP
+. . O
+'' '' O
+
+A DT B-NP
+few JJ I-NP
+weeks NNS I-NP
+ago RB B-ADVP
+, , O
+Mr. NNP B-NP
+Skinner NNP I-NP
+testified VBD B-VP
+before IN B-PP
+Congress NNP B-NP
+that IN B-SBAR
+it PRP B-NP
+would MD B-VP
+be VB I-VP
+`` `` O
+cleaner JJR B-ADJP
+, , O
+more RBR B-ADJP
+efficient JJ I-ADJP
+'' '' O
+if IN B-SBAR
+he PRP B-NP
+had VBD B-VP
+authority NN B-NP
+to TO B-VP
+block VB I-VP
+buy-outs NNS B-NP
+in IN B-PP
+advance NN B-NP
+. . O
+
+But CC O
+he PRP B-NP
+never RB B-VP
+took VBD I-VP
+an DT B-NP
+official JJ I-NP
+position NN I-NP
+on IN B-PP
+the DT B-NP
+bill NN I-NP
+and CC O
+has VBZ B-VP
+steadfastly RB I-VP
+maintained VBN I-VP
+that IN B-SBAR
+he PRP B-NP
+already RB B-ADVP
+has VBZ B-VP
+enough JJ B-NP
+authority NN I-NP
+to TO B-VP
+deal VB I-VP
+with IN B-PP
+buy-outs NNS B-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+committee NN I-NP
+bill NN I-NP
+, , O
+the DT B-NP
+Transportation NNP I-NP
+secretary NN I-NP
+would MD B-VP
+have VB I-VP
+30 CD B-NP
+days NNS I-NP
+, , O
+and CC O
+an DT B-NP
+additional JJ I-NP
+20 CD I-NP
+days NNS I-NP
+if IN B-SBAR
+needed VBN B-VP
+, , O
+to TO B-VP
+review VB I-VP
+any DT B-NP
+proposed VBN I-NP
+purchase NN I-NP
+of IN B-PP
+15 CD B-NP
+% NN I-NP
+or CC I-NP
+more JJR I-NP
+of IN B-PP
+a DT B-NP
+major JJ I-NP
+U.S. NNP I-NP
+airline NN I-NP
+'s POS B-NP
+voting NN I-NP
+stock NN I-NP
+. . O
+
+The DT B-NP
+secretary NN I-NP
+would MD B-VP
+be VB I-VP
+required VBN I-VP
+to TO I-VP
+block VB I-VP
+an DT B-NP
+acquisition NN I-NP
+if IN B-SBAR
+he PRP B-NP
+concluded VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+would MD B-VP
+so RB I-VP
+weaken VB I-VP
+an DT B-NP
+airline NN I-NP
+financially RB B-ADVP
+that IN B-SBAR
+it PRP B-NP
+would MD B-VP
+hurt VB I-VP
+safety VB B-NP
+or CC O
+reduce VB B-VP
+the DT B-NP
+carrier NN I-NP
+'s POS B-NP
+ability NN I-NP
+to TO B-VP
+compete VB I-VP
+, , O
+or CC O
+if IN B-SBAR
+it PRP B-NP
+gave VBD B-VP
+control NN B-NP
+to TO B-PP
+a DT B-NP
+foreign JJ I-NP
+interest NN I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+legislation NN I-NP
+would MD B-VP
+apply VB I-VP
+to TO B-PP
+any DT B-NP
+acquisition NN I-NP
+of IN B-PP
+a DT B-NP
+major JJ I-NP
+airline NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+aimed VBN I-VP
+at IN B-PP
+transactions NNS B-NP
+financed VBN B-VP
+by IN B-PP
+large JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+debt NN B-NP
+. . O
+
+Supporters NNS B-NP
+of IN B-PP
+the DT B-NP
+bill NN I-NP
+are VBP B-VP
+concerned VBN B-ADJP
+an DT B-NP
+airline NN I-NP
+might MD B-VP
+sacrifice VB I-VP
+costly JJ B-NP
+safety NN I-NP
+measures NNS I-NP
+in IN B-SBAR
+order NN O
+to TO B-VP
+repay VB I-VP
+debt NN B-NP
+. . O
+
+The DT B-NP
+panel NN I-NP
+'s POS B-NP
+action NN I-NP
+occurs VBZ B-VP
+in IN B-PP
+a DT B-NP
+politically RB I-NP
+charged VBN I-NP
+atmosphere NN I-NP
+surrounding VBG B-VP
+recent JJ B-NP
+buy-out NN I-NP
+proposals NNS I-NP
+, , O
+their PRP$ B-NP
+apparent JJ I-NP
+collapse NN I-NP
+and CC O
+the DT B-NP
+volatile JJ I-NP
+conditions NNS I-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+became VBD B-VP
+apparent JJ B-ADJP
+in IN B-PP
+hearings NNS B-NP
+that IN B-SBAR
+there EX B-NP
+ought MD B-VP
+to TO I-VP
+be VB I-VP
+regulation NN B-NP
+of IN B-PP
+leveraged JJ B-NP
+buy-outs NNS I-NP
+of IN B-PP
+some DT B-NP
+sort NN I-NP
+, , O
+'' '' O
+Rep. NNP B-NP
+James NNP I-NP
+Oberstar NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Minn. NNP B-NP
+-RRB- ) O
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+House NNP I-NP
+Aviation NNP I-NP
+Subcommittee NNP I-NP
+, , O
+said VBD B-VP
+during IN B-PP
+the DT B-NP
+panel NN I-NP
+'s POS B-NP
+deliberations NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+believe VB I-VP
+in IN B-PP
+the DT B-NP
+airline NN I-NP
+business NN I-NP
+you PRP B-NP
+can MD B-VP
+be VB I-VP
+totally RB B-ADJP
+laissez-faire FW I-ADJP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+high JJ I-NP
+degree NN I-NP
+of IN B-PP
+public JJ B-NP
+interest NN I-NP
+'' '' O
+at IN B-PP
+stake NN B-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Skinner NNP I-NP
+disagreed VBD B-VP
+, , O
+calling VBG B-VP
+the DT B-NP
+legislation NN I-NP
+`` `` O
+a DT B-NP
+retreat NN I-NP
+from IN B-PP
+the DT B-NP
+policy NN I-NP
+of IN B-PP
+deregulaton NN B-NP
+of IN B-PP
+the DT B-NP
+airline NN I-NP
+industry NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+his PRP$ B-NP
+letter NN I-NP
+to TO B-PP
+Committee NNP B-NP
+Chairman NNP I-NP
+Glenn NNP I-NP
+Anderson NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Calif. NNP B-NP
+-RRB- ) O
+, , O
+the DT B-NP
+secretary NN I-NP
+also RB B-ADVP
+said VBD B-VP
+the DT B-NP
+bill NN I-NP
+`` `` O
+would MD B-VP
+be VB I-VP
+at IN B-PP
+odds NNS B-NP
+with IN B-PP
+the DT B-NP
+administration NN I-NP
+'s POS B-NP
+policies NNS I-NP
+welcoming VBG B-VP
+open JJ B-NP
+foreign JJ I-NP
+investment NN I-NP
+and CC O
+market NN B-NP
+allocation NN I-NP
+of IN B-PP
+resources NNS B-NP
+. . O
+'' '' O
+
+Currently RB B-ADVP
+, , O
+the DT B-NP
+Transportation NNP I-NP
+Department NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+have VB I-VP
+the DT B-NP
+authority NN I-NP
+to TO B-VP
+block VB I-VP
+a DT B-NP
+takeover NN I-NP
+in IN B-PP
+advance NN B-NP
+. . O
+
+However RB B-ADVP
+, , O
+if IN B-SBAR
+the DT B-NP
+secretary NN I-NP
+concludes VBZ B-VP
+that IN B-SBAR
+a DT B-NP
+transaction NN I-NP
+has VBZ B-VP
+made VBN I-VP
+a DT B-NP
+carrier NN I-NP
+unfit JJ B-ADJP
+to TO B-VP
+operate VB I-VP
+, , O
+the DT B-NP
+department NN I-NP
+may MD B-VP
+revoke VB I-VP
+its PRP$ B-NP
+certificate NN I-NP
+, , O
+grounding VBG B-VP
+the DT B-NP
+airline NN I-NP
+. . O
+
+Such JJ B-NP
+authority NN I-NP
+is VBZ B-VP
+more JJR B-ADJP
+than IN B-PP
+adequate JJ B-ADJP
+, , O
+say VBP B-VP
+opponents NNS B-NP
+of IN B-PP
+the DT B-NP
+legislation NN I-NP
+. . O
+
+But CC O
+supporters NNS B-NP
+argue VBP B-VP
+that IN B-SBAR
+grounding VBG B-VP
+an DT B-NP
+airline NN I-NP
+is VBZ B-VP
+so RB B-ADJP
+drastic JJ I-ADJP
+that IN B-SBAR
+the DT B-NP
+department NN I-NP
+would MD B-VP
+hesitate VB I-VP
+doing VBG I-VP
+it PRP B-NP
+. . O
+
+The DT B-NP
+panel NN I-NP
+rejected VBD B-VP
+a DT B-NP
+proposal NN I-NP
+pushed VBN B-VP
+by IN B-PP
+AMR NNP B-NP
+Corp. NNP I-NP
+, , O
+the DT B-NP
+parent NN I-NP
+of IN B-PP
+American NNP B-NP
+Airlines NNPS I-NP
+, , O
+to TO B-VP
+allow VB I-VP
+the DT B-NP
+Transportation NNP I-NP
+secretary NN I-NP
+to TO B-VP
+block VB I-VP
+corporate JJ B-NP
+raiders NNS I-NP
+from IN B-PP
+waging VBG B-VP
+proxy NN B-NP
+fights NNS I-NP
+to TO B-VP
+oust VB I-VP
+boards NNS B-NP
+that WDT B-NP
+oppose VBP B-VP
+a DT B-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+voted VBD B-VP
+down JJ B-PRT
+proposals NNS B-NP
+to TO B-VP
+give VB I-VP
+the DT B-NP
+secretary NN I-NP
+much RB B-NP
+more JJR I-NP
+discretion NN I-NP
+on IN B-PP
+whether IN B-SBAR
+to TO B-VP
+block VB I-VP
+a DT B-NP
+buy-out NN I-NP
+and CC O
+to TO B-VP
+require VB I-VP
+the DT B-NP
+department NN I-NP
+to TO B-VP
+consider VB I-VP
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+a DT B-NP
+buy-out NN I-NP
+on IN B-PP
+workers NNS B-NP
+. . O
+
+London JJ B-NP
+shares NNS I-NP
+rallied VBD B-VP
+to TO B-VP
+post VB I-VP
+strong JJ B-NP
+gains NNS I-NP
+after IN B-SBAR
+initial JJ B-NP
+fears NNS I-NP
+evaporated VBD B-VP
+that IN B-SBAR
+the DT B-NP
+California NNP I-NP
+earthquake NN I-NP
+would MD B-VP
+depress VB I-VP
+Wall NNP B-NP
+Street NNP I-NP
+prices NNS I-NP
+. . O
+
+Tokyo NNP B-NP
+stocks NNS I-NP
+, , O
+which WDT B-NP
+rebounded VBD B-VP
+strongly RB B-ADVP
+Tuesday NNP B-NP
+, , O
+extended VBD B-VP
+their PRP$ B-NP
+gains NNS I-NP
+yesterday NN B-NP
+, , O
+but CC O
+most RBS B-NP
+other JJ I-NP
+Asian JJ I-NP
+and CC I-NP
+Pacific NNP I-NP
+markets NNS I-NP
+closed VBD B-VP
+sharply RB B-ADJP
+lower JJR I-ADJP
+. . O
+
+In IN B-PP
+London NNP B-NP
+, , O
+the DT B-NP
+Financial NNP I-NP
+Times-Stock NNP I-NP
+Exchange NNP I-NP
+100-share JJ I-NP
+index NN I-NP
+jumped VBD B-VP
+34.6 CD B-NP
+points NNS I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+its PRP$ B-NP
+intraday JJ I-NP
+high NN I-NP
+of IN B-PP
+2170.1 CD B-NP
+. . O
+
+The DT B-NP
+index NN I-NP
+was VBD B-VP
+under IN B-PP
+pressure NN B-NP
+for IN B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+morning NN I-NP
+over IN B-PP
+concerns NNS B-NP
+that IN B-SBAR
+the DT B-NP
+effects NNS I-NP
+of IN B-PP
+Tuesday NNP B-NP
+night NN I-NP
+'s POS B-NP
+major JJ I-NP
+earthquake NN I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+would MD B-VP
+undermine VB I-VP
+the DT B-NP
+U.S. NNP I-NP
+market NN I-NP
+. . O
+
+The DT B-NP
+mood NN I-NP
+changed VBN B-VP
+after IN B-SBAR
+dealers NNS B-NP
+reappraised VBD B-VP
+the DT B-NP
+direct JJ I-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+disaster NN I-NP
+on IN B-PP
+shares NNS B-NP
+and CC O
+Wall NNP B-NP
+Street NNP I-NP
+rebounded VBD B-VP
+from IN B-PP
+early JJ B-NP
+losses NNS I-NP
+. . O
+
+The DT B-NP
+Financial NNP I-NP
+Times NNP I-NP
+30-share JJ I-NP
+index NN I-NP
+settled VBD B-VP
+27.8 CD B-NP
+points NNS I-NP
+higher JJR B-ADJP
+at IN B-PP
+1758.5 CD B-NP
+. . O
+
+Volume NN B-NP
+was VBD B-VP
+449.3 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+the DT B-NP
+slowest JJS I-NP
+of IN B-PP
+a DT B-NP
+hectic JJ I-NP
+week NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+643.4 CD B-NP
+million CD I-NP
+Tuesday NNP B-NP
+. . O
+
+U.K. NNP B-NP
+composite JJ I-NP
+, , I-NP
+or CC I-NP
+non-life JJ I-NP
+, , I-NP
+insurers NNS I-NP
+, , O
+which WDT B-NP
+some DT B-NP
+equity NN I-NP
+analysts NNS I-NP
+said VBD B-VP
+might MD B-VP
+be VB I-VP
+heavily RB I-VP
+hit VBN I-VP
+by IN B-PP
+the DT B-NP
+earthquake NN I-NP
+disaster NN I-NP
+, , O
+helped VBD B-VP
+support NN I-VP
+the DT B-NP
+London NNP I-NP
+market NN I-NP
+by IN B-PP
+showing VBG B-VP
+only RB B-NP
+narrow JJ I-NP
+losses NNS I-NP
+in IN B-PP
+early JJ B-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+insurers NNS I-NP
+' POS B-NP
+relative JJ I-NP
+resilience NN I-NP
+gave VBD B-VP
+the DT B-NP
+market NN I-NP
+time NN B-NP
+to TO B-VP
+reappraise VB I-VP
+the DT B-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+disaster NN I-NP
+on IN B-PP
+U.K. NNP B-NP
+equities NNS I-NP
+, , O
+dealers NNS B-NP
+said VBD B-VP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+the DT B-NP
+market NN I-NP
+still RB B-ADVP
+has VBZ B-VP
+n't RB I-VP
+shaken VBN I-VP
+off IN B-PRT
+its PRP$ B-NP
+nervousness NN I-NP
+after IN B-PP
+its PRP$ B-NP
+bumpy JJ I-NP
+ride NN I-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+several JJ I-NP
+sessions NNS I-NP
+, , O
+caused VBN B-VP
+by IN B-PP
+interest-rate NN B-NP
+increases NNS I-NP
+last JJ B-NP
+week NN I-NP
+and CC O
+Wall NNP B-NP
+Street NNP I-NP
+'s POS B-NP
+6.9 CD B-ADJP
+% NN I-ADJP
+plunge NN B-NP
+Friday NNP B-NP
+. . O
+
+But CC O
+technical JJ B-NP
+factors NNS I-NP
+, , O
+including VBG B-PP
+modest JJ B-NP
+gains NNS I-NP
+in IN B-PP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+pound NN I-NP
+, , O
+helped VBD B-VP
+draw VB I-VP
+buying VBG B-NP
+back RB B-ADVP
+into IN B-PP
+the DT B-NP
+market NN I-NP
+and CC O
+reverse VB B-VP
+losses NNS B-NP
+posted VBD B-VP
+a DT B-NP
+day NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Among IN B-PP
+composite JJ B-NP
+insurers NNS I-NP
+, , O
+General NNP B-NP
+Accident NNP I-NP
+rose VBD B-VP
+10 CD B-NP
+pence NN I-NP
+to TO B-PP
+# # B-NP
+10.03 CD I-NP
+-LRB- ( O
+$ $ B-NP
+15.80 CD I-NP
+-RRB- ) O
+a DT B-NP
+share NN I-NP
+, , O
+Guardian NNP B-NP
+Royal NNP I-NP
+climbed VBD B-VP
+5 NN B-NP
+to TO B-PP
+217 CD B-NP
+pence NN I-NP
+, , O
+Sun NNP B-NP
+Alliance NNP I-NP
+rose VBD B-VP
+3 CD B-NP
+to TO B-PP
+290 CD B-NP
+, , O
+and CC O
+Royal NNP B-NP
+Insurance NNP I-NP
+jumped VBD B-VP
+12 CD B-NP
+to TO B-PP
+450 CD B-NP
+. . O
+
+Life NN B-NP
+insurers NNS I-NP
+fared VBD B-VP
+similarly RB B-ADVP
+, , O
+with IN B-PP
+Legal NNP B-NP
+& CC I-NP
+General NNP I-NP
+advancing VBG B-VP
+3 CD B-NP
+to TO B-PP
+344 CD B-NP
+, , O
+although IN B-SBAR
+Prudential NNP B-NP
+fell VBD B-VP
+2 CD B-NP
+to TO B-PP
+184 CD B-NP
+1\/2 CD I-NP
+. . O
+
+Pearl NNP B-NP
+Group NNP I-NP
+rose VBD B-VP
+5 NN B-NP
+to TO B-PP
+628 CD B-NP
+, , O
+and CC O
+Sun NNP B-NP
+Life NNP I-NP
+finished VBD B-VP
+unchanged JJ B-ADJP
+at IN B-PP
+# # B-NP
+10.98 CD I-NP
+. . O
+
+Most JJS B-NP
+banking NN I-NP
+issues NNS I-NP
+retreated VBD B-VP
+after IN B-PP
+a DT B-NP
+sector NN I-NP
+downgrade NN I-NP
+by IN B-PP
+Warburg NNP B-NP
+Securities NNP I-NP
+, , O
+although IN B-SBAR
+National NNP B-NP
+Westminister NNP I-NP
+showed VBD B-VP
+strength NN B-NP
+on IN B-PP
+positive JJ B-NP
+comments NNS I-NP
+from IN B-PP
+brokerage NN B-NP
+firms NNS I-NP
+about IN B-PP
+its PRP$ B-NP
+long-term JJ I-NP
+prospects NNS I-NP
+. . O
+
+NatWest NNP B-NP
+, , O
+the DT B-NP
+most RBS I-NP
+actively RB I-NP
+traded VBN I-NP
+of IN B-PP
+the DT B-NP
+banks NNS I-NP
+, , O
+finished VBD B-VP
+at IN B-PP
+300 CD B-NP
+, , O
+up IN B-ADVP
+1 CD B-NP
+. . O
+
+B.A.T NNP B-NP
+Industries NNPS I-NP
+fell VBD B-VP
+in IN B-PP
+early JJ B-NP
+dealings NNS I-NP
+but CC O
+recovered VBD B-VP
+to TO B-VP
+finish VB I-VP
+at IN B-PP
+754 CD B-NP
+, , O
+up IN B-ADVP
+5 NN B-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+the DT B-NP
+market NN I-NP
+was VBD B-VP
+nervous JJ B-ADJP
+ahead RB B-ADVP
+of IN B-PP
+a DT B-NP
+special JJ I-NP
+B.A.T NNP I-NP
+holders NNS I-NP
+' POS B-NP
+meeting NN I-NP
+today NN B-NP
+. . O
+
+The DT B-NP
+session NN I-NP
+is VBZ B-VP
+to TO B-VP
+consider VB I-VP
+a DT B-NP
+defensive JJ I-NP
+plan NN I-NP
+to TO B-VP
+spin VB I-VP
+off IN B-PRT
+assets NNS B-NP
+to TO B-VP
+fend VB I-VP
+off IN B-PRT
+Sir NNP B-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+'s POS B-NP
+# # B-ADJP
+13.4 CD O
+billion CD O
+bid NN B-NP
+for IN B-PP
+B.A.T NNP B-NP
+. . O
+
+The DT B-NP
+recent JJ I-NP
+stock NN I-NP
+market NN I-NP
+drop NN I-NP
+has VBZ B-VP
+shaken VBN I-VP
+confidence NN B-NP
+in IN B-PP
+the DT B-NP
+plan NN I-NP
+, , O
+but CC O
+dealers NNS B-NP
+said VBD B-VP
+the DT B-NP
+shares NNS I-NP
+fell VBD B-VP
+initially RB B-ADVP
+on IN B-PP
+questions NNS B-NP
+about IN B-PP
+whether IN B-SBAR
+Mr. NNP B-NP
+Goldsmith NNP I-NP
+'s POS B-NP
+highly RB B-ADJP
+leveraged JJ I-ADJP
+bid NN B-NP
+will MD B-VP
+come VB I-VP
+to TO B-PP
+fruition NN B-NP
+. . O
+
+Trading NN B-NP
+was VBD B-VP
+suspended VBN I-VP
+in IN B-PP
+WCRS NNP B-NP
+Group NNP I-NP
+, , O
+a DT B-NP
+U.K. NNP I-NP
+advertising NN I-NP
+concern NN I-NP
+, , O
+pending VBG B-PP
+an DT B-NP
+announcement NN I-NP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+buying VBG I-VP
+the DT B-NP
+remaining VBG I-NP
+50 CD I-NP
+% NN I-NP
+of IN B-PP
+France NNP B-NP
+'s POS B-NP
+Carat NNP I-NP
+Holding NNP I-NP
+for IN B-PP
+2.02 CD B-NP
+billion CD I-NP
+French JJ I-NP
+francs NNS I-NP
+-LRB- ( O
+$ $ B-NP
+318.7 CD I-NP
+million CD I-NP
+-RRB- ) O
+and CC O
+expanding VBG B-VP
+commercial NN B-NP
+and CC I-NP
+equity NN I-NP
+ties NNS I-NP
+with IN B-PP
+advertising NN B-NP
+group NN I-NP
+Eurocom NNP I-NP
+. . O
+
+Merchant NN B-NP
+banker NN I-NP
+Morgan NNP I-NP
+Grenfell NNP I-NP
+climbed VBD B-VP
+14 CD B-NP
+to TO B-PP
+406 CD B-NP
+on IN B-PP
+renewed VBN B-NP
+takeover NN I-NP
+speculation NN I-NP
+. . O
+
+S.G. NNP B-NP
+Warburg NNP I-NP
+, , O
+also RB B-VP
+mentioned VBN I-VP
+in IN B-PP
+the DT B-NP
+rumor NN I-NP
+mill NN I-NP
+, , O
+jumped VBD B-VP
+14 CD B-NP
+at IN B-PP
+to TO B-PP
+414 CD B-NP
+. . O
+
+Jaguar NNP B-NP
+advanced VBD B-VP
+19 CD B-NP
+to TO B-PP
+673 CD B-NP
+as IN B-SBAR
+traders NNS B-NP
+contemplated VBD B-VP
+a DT B-NP
+potential JJ I-NP
+battle NN I-NP
+between IN B-PP
+General NNP B-NP
+Motors NNPS I-NP
+and CC O
+Ford NNP B-NP
+Motor NNP I-NP
+for IN B-PP
+control NN B-NP
+of IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+luxury NN I-NP
+auto NN I-NP
+maker NN I-NP
+. . O
+
+Tokyo NNP B-NP
+'s POS B-NP
+Nikkei NNP I-NP
+index NN I-NP
+of IN B-PP
+225 CD B-NP
+issues NNS I-NP
+rose VBD B-VP
+111.48 CD B-NP
+points NNS I-NP
+, , O
+or CC O
+0.32 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+35107.56 CD B-NP
+. . O
+
+The DT B-NP
+index NN I-NP
+gained VBD B-VP
+527.39 CD B-NP
+Tuesday NNP B-NP
+. . O
+
+Volume NN B-NP
+was VBD B-VP
+estimated VBN I-VP
+at IN B-PP
+800 CD B-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+678 CD B-NP
+million CD I-NP
+Tuesday NNP B-NP
+. . O
+
+Declining VBG B-NP
+issues NNS I-NP
+outnumbered VBD B-VP
+advancers NNS B-NP
+505-455 JJ B-ADVP
+, , O
+with IN B-SBAR
+172 CD B-NP
+unchanged JJ B-ADJP
+. . O
+
+The DT B-NP
+Tokyo NNP I-NP
+Stock NNP I-NP
+Price NNP I-NP
+Index NNP I-NP
+of IN B-PP
+all DT B-NP
+issues NNS I-NP
+listed VBN B-VP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+section NN I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+41.76 CD B-NP
+Tuesday NNP B-NP
+, , O
+was VBD B-VP
+up IN B-ADVP
+0.24 CD B-NP
+points NNS I-NP
+, , O
+or CC O
+0.01 CD B-NP
+% NN I-NP
+, , O
+at IN B-PP
+2642.88 CD B-NP
+. . O
+
+In IN B-PP
+early JJ B-NP
+trading NN I-NP
+in IN B-PP
+Tokyo NNP B-NP
+Thursday NNP B-NP
+, , O
+the DT B-NP
+Nikkei NNP I-NP
+index NN I-NP
+rose VBD B-VP
+135.09 CD B-NP
+points NNS I-NP
+to TO B-PP
+35242.65 CD B-NP
+. . O
+
+On IN B-PP
+Wednesday NNP B-NP
+, , O
+shares NNS B-NP
+were VBD B-VP
+pushed VBN I-VP
+up IN B-ADVP
+by IN B-PP
+index-related JJ B-NP
+buying NN I-NP
+on IN B-PP
+the DT B-NP
+part NN I-NP
+of IN B-PP
+investment NN B-NP
+trusts NNS I-NP
+as RB B-NP
+well RB I-NP
+as IN I-NP
+small JJ B-NP
+orders NNS I-NP
+from IN B-PP
+individuals NNS B-NP
+and CC I-NP
+corporations NNS I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Institutions NNS B-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+stepped VBD B-VP
+back RB B-ADVP
+to TO B-PP
+the DT B-NP
+sidelines NNS I-NP
+as IN B-SBAR
+the DT B-NP
+direction NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+interest NN I-NP
+rates NNS I-NP
+remained VBD B-VP
+unclear JJ B-ADJP
+. . O
+
+The DT B-NP
+uncertainty NN I-NP
+was VBD B-VP
+multiplied VBN I-VP
+by IN B-PP
+the DT B-NP
+persistent JJ I-NP
+strength NN I-NP
+of IN B-PP
+the DT B-NP
+dollar NN I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+, , O
+and CC B-PP
+by IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+trade NN I-NP
+deficit NN I-NP
+, , O
+which WDT B-NP
+widened VBD B-VP
+by IN B-PP
+31 CD B-NP
+% NN I-NP
+in IN B-PP
+August NNP B-NP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+month NN I-NP
+. . O
+
+Traders NNS B-NP
+and CC I-NP
+analysts NNS I-NP
+said VBD B-VP
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+see VB I-VP
+any DT B-NP
+effect NN I-NP
+on IN B-PP
+Tokyo NNP B-NP
+stocks NNS I-NP
+from IN B-PP
+the DT B-NP
+California NNP I-NP
+earthquake NN I-NP
+. . O
+
+The DT B-NP
+impact NN I-NP
+on IN B-PP
+Japanese JJ B-NP
+insurers NNS I-NP
+and CC I-NP
+property NN I-NP
+owners NNS I-NP
+with IN B-PP
+interests NNS B-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+is VBZ B-VP
+still RB I-VP
+being VBG I-VP
+assessed VBN I-VP
+, , O
+they PRP B-NP
+said VBD B-VP
+. . O
+
+Buying VBG B-NP
+was VBD B-VP
+scattered VBN I-VP
+across IN B-PP
+a DT B-NP
+wide JJ I-NP
+range NN I-NP
+of IN B-PP
+issues NNS B-NP
+, , O
+making VBG B-VP
+the DT B-NP
+session NN I-NP
+fairly RB B-ADJP
+characterless JJ I-ADJP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+With IN B-PP
+uncertainty NN B-NP
+still RB B-ADVP
+hanging VBG B-VP
+over IN B-PP
+interest NN B-NP
+rates NNS I-NP
+and CC O
+the DT B-NP
+dollar NN I-NP
+, , O
+the DT B-NP
+market NN I-NP
+failed VBD B-VP
+to TO I-VP
+find VB I-VP
+a DT B-NP
+focus NN I-NP
+that WDT B-NP
+might MD B-VP
+lead VB I-VP
+to TO B-PP
+further VB B-NP
+investor NN I-NP
+commitments NNS I-NP
+, , O
+they PRP B-NP
+said VBD B-VP
+. . O
+
+Some DT B-NP
+traders NNS I-NP
+said VBD B-VP
+the DT B-NP
+popularity NN I-NP
+of IN B-PP
+issues NNS B-NP
+that WDT B-NP
+gained VBD B-VP
+yesterday NN B-NP
+wo MD B-VP
+n't RB I-VP
+last JJ I-VP
+long JJ B-ADVP
+, , O
+as IN B-SBAR
+investors NNS B-NP
+will MD B-VP
+rotate VB I-VP
+their PRP$ B-NP
+buying NN I-NP
+choices NNS I-NP
+over IN B-PP
+the DT B-NP
+short JJ I-NP
+term NN I-NP
+. . O
+
+Interest NN B-NP
+rate-sensitive JJ I-NP
+shares NNS I-NP
+such JJ B-PP
+as IN I-PP
+steel NN B-NP
+, , I-NP
+construction NN I-NP
+and CC I-NP
+electric JJ I-NP
+utility NN I-NP
+companies NNS I-NP
+, , O
+which WDT B-NP
+rose VBD B-VP
+early RB B-ADVP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+, , O
+saw VBD B-VP
+their PRP$ B-NP
+advance NN I-NP
+weaken VB B-VP
+yesterday NN B-NP
+. . O
+
+Traders NNS B-NP
+said VBD B-VP
+these DT B-NP
+issues NNS I-NP
+need VBP B-VP
+large-volume JJ B-NP
+buying NN I-NP
+to TO B-VP
+push VB I-VP
+up IN B-PRT
+their PRP$ B-NP
+prices NNS I-NP
+, , O
+so RB O
+substantial JJ B-NP
+gains NNS I-NP
+are VBP B-VP
+n't RB O
+likely JJ B-ADJP
+unless IN B-SBAR
+institutional JJ B-NP
+investors NNS I-NP
+participate VBP B-VP
+. . O
+
+An DT B-NP
+outstanding JJ I-NP
+issue NN I-NP
+in IN B-PP
+yesterday NN B-NP
+'s POS B-NP
+session NN I-NP
+was VBD B-VP
+Mitsubishi NNP B-NP
+Rayon NNP I-NP
+, , O
+which WDT B-NP
+surged VBD B-VP
+95 CD B-NP
+to TO B-PP
+905 CD B-NP
+yen NN I-NP
+-LRB- ( O
+$ $ B-NP
+6.34 CD I-NP
+-RRB- ) O
+a DT B-NP
+share NN I-NP
+. . O
+
+Its PRP$ B-NP
+popularity NN I-NP
+was VBD B-VP
+due JJ B-ADJP
+to TO B-PP
+speculation NN B-NP
+about IN B-PP
+the DT B-NP
+strong JJ I-NP
+earnings NNS I-NP
+potential NN I-NP
+of IN B-PP
+a DT B-NP
+new JJ I-NP
+type NN I-NP
+of IN B-PP
+plastic NN B-NP
+wrap NN I-NP
+for IN B-PP
+household NN B-NP
+use NN I-NP
+, , O
+a DT B-NP
+trader NN I-NP
+at IN B-PP
+County NNP B-NP
+Natwest NNP I-NP
+Securities NNP I-NP
+Japan NNP I-NP
+said VBD B-VP
+. . O
+
+Some DT B-NP
+laggard JJ I-NP
+food NN I-NP
+issues NNS I-NP
+attracted VBD B-VP
+bargain-hunters NNS B-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+Kirin NNP B-NP
+Brewery NNP I-NP
+was VBD B-VP
+up IN B-ADVP
+100 CD B-NP
+at IN B-PP
+2,000 CD B-NP
+, , O
+and CC O
+Ajinomoto NNP B-NP
+gained VBD B-VP
+70 CD B-NP
+to TO B-PP
+2,840 CD B-NP
+. . O
+
+Pharmaceuticals NNP B-NP
+were VBD B-VP
+mostly RB B-ADJP
+higher JJR I-ADJP
+, , O
+with IN B-PP
+SS NNP B-NP
+Pharmaceutical NNP I-NP
+gaining VBG B-VP
+140 CD B-NP
+to TO B-PP
+1,980 CD B-NP
+. . O
+
+Shares NNS B-NP
+closed VBD B-VP
+lower JJR B-ADJP
+in IN B-PP
+other JJ B-NP
+major JJ I-NP
+Asian JJ I-NP
+and CC I-NP
+Pacific NNP I-NP
+markets NNS I-NP
+, , O
+including VBG B-PP
+Sydney NNP B-NP
+, , O
+Hong NNP B-NP
+Kong NNP I-NP
+, , O
+Singapore NNP B-NP
+, , O
+Taipei NNP B-NP
+, , O
+Wellington NNP B-NP
+, , O
+Seoul NNP B-NP
+and CC O
+Manila NNP B-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+those DT B-NP
+markets NNS I-NP
+had VBD B-VP
+rebounded VBN I-VP
+the DT B-NP
+day NN I-NP
+before IN B-ADVP
+from IN B-PP
+Monday NNP B-NP
+'s POS B-NP
+slide NN I-NP
+. . O
+
+But CC O
+unlike IN B-PP
+the DT B-NP
+Tokyo NNP I-NP
+exchange NN I-NP
+, , O
+they PRP B-NP
+failed VBD B-VP
+to TO I-VP
+extend VB I-VP
+the DT B-NP
+rise NN I-NP
+to TO B-PP
+a DT B-NP
+second JJ I-NP
+session NN I-NP
+. . O
+
+Elsewhere RB B-ADVP
+, , O
+prices NNS B-NP
+surged VBD B-VP
+for IN B-PP
+a DT B-NP
+second JJ I-NP
+day NN I-NP
+in IN B-PP
+Frankfurt NNP B-NP
+, , O
+closed VBD B-VP
+higher JJR B-ADJP
+in IN B-PP
+Zurich NNP B-NP
+, , I-NP
+Stockholm NNP I-NP
+and CC I-NP
+Amsterdam NNP I-NP
+and CC O
+were VBD B-VP
+broadly RB B-ADJP
+lower JJR I-ADJP
+in IN B-PP
+Milan NNP B-NP
+, , I-NP
+Paris NNP I-NP
+and CC I-NP
+Brussels NNP I-NP
+. . O
+
+South JJ B-NP
+African JJ I-NP
+gold NN I-NP
+stocks NNS I-NP
+ended VBD B-VP
+marginally RB B-ADJP
+firmer JJR I-ADJP
+. . O
+
+In IN B-PP
+Brussels NNP B-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+the DT B-NP
+first JJ I-NP
+trading NN I-NP
+day NN I-NP
+for IN B-PP
+most RBS B-NP
+major JJ I-NP
+shares NNS I-NP
+since IN B-SBAR
+stocks NNS B-NP
+tumbled VBD B-VP
+on IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+Friday NNP B-NP
+. . O
+
+Trading NN B-NP
+had VBD B-VP
+been VBN I-VP
+impeded VBN I-VP
+by IN B-PP
+a DT B-NP
+major JJ I-NP
+computer NN I-NP
+failure NN I-NP
+that WDT B-NP
+took VBD B-VP
+place NN B-NP
+before IN B-PP
+the DT B-NP
+start NN I-NP
+of IN B-PP
+Monday NNP B-NP
+'s POS B-NP
+session NN I-NP
+. . O
+
+Here RB B-ADVP
+are VBP B-VP
+price NN B-NP
+trends NNS I-NP
+on IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+major JJ I-NP
+stock NN I-NP
+markets NNS I-NP
+, , O
+as IN B-SBAR
+calculated VBN B-VP
+by IN B-PP
+Morgan NNP B-NP
+Stanley NNP I-NP
+Capital NNP I-NP
+International NNP I-NP
+Perspective NNP I-NP
+, , O
+Geneva NNP B-NP
+. . O
+
+To TO B-VP
+make VB I-VP
+them PRP B-NP
+directly RB B-ADJP
+comparable JJ I-ADJP
+, , O
+each DT B-NP
+index NN I-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+1969 CD B-NP
+equaling VBG B-VP
+100 CD B-NP
+. . O
+
+The DT B-NP
+percentage NN I-NP
+change NN I-NP
+is VBZ B-VP
+since IN B-PP
+year-end NN B-NP
+. . O
+
+Housing NN B-NP
+construction NN I-NP
+sank VBD B-VP
+in IN B-PP
+September NNP B-NP
+to TO B-PP
+its PRP$ B-NP
+lowest JJS I-NP
+level NN I-NP
+since IN B-PP
+the DT B-NP
+last JJ I-NP
+recession NN I-NP
+, , O
+the DT B-NP
+Commerce NNP I-NP
+Department NNP I-NP
+reported VBD B-VP
+. . O
+
+Work NN B-NP
+began VBD B-VP
+on IN B-PP
+homes NNS B-NP
+and CC I-NP
+apartments NNS I-NP
+at IN B-PP
+an DT B-NP
+annual JJ I-NP
+rate NN I-NP
+of IN B-PP
+1,263,000 CD B-NP
+units NNS I-NP
+last JJ B-NP
+month NN I-NP
+, , O
+down RB B-ADVP
+5.2 CD B-NP
+% NN I-NP
+from IN B-PP
+August NNP B-NP
+, , O
+the DT B-NP
+department NN I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+September NNP I-NP
+decline NN I-NP
+followed VBD B-VP
+an DT B-NP
+even RB I-NP
+steeper JJR I-NP
+drop NN I-NP
+of IN B-PP
+6.2 CD B-NP
+% NN I-NP
+in IN B-PP
+August NNP B-NP
+and CC O
+left VBN B-VP
+housing NN B-NP
+starts VBZ I-NP
+at IN B-PP
+their PRP$ B-NP
+weakest JJS I-NP
+since IN B-PP
+October NNP B-NP
+1982 CD I-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+country NN I-NP
+was VBD B-VP
+nearing VBG I-VP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+a DT B-NP
+recession NN I-NP
+. . O
+
+Originally RB B-ADVP
+the DT B-NP
+department NN I-NP
+had VBD B-VP
+reported VBN I-VP
+the DT B-NP
+August NNP I-NP
+decline NN I-NP
+as IN B-PP
+5 NN B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+numbers NNS I-NP
+suggest VBP B-VP
+that IN B-SBAR
+the DT B-NP
+housing NN I-NP
+industry NN I-NP
+is VBZ B-VP
+still RB I-VP
+suffering VBG I-VP
+the DT B-NP
+effects NNS I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+'s POS B-NP
+battle NN I-NP
+against IN B-PP
+inflation NN B-NP
+. . O
+
+The DT B-NP
+industry NN I-NP
+had VBD B-VP
+shown VBN I-VP
+signs NNS B-NP
+of IN B-PP
+recovery NN B-NP
+this DT B-NP
+summer NN I-NP
+, , O
+after IN B-SBAR
+the DT B-NP
+central JJ I-NP
+bank NN I-NP
+began VBD B-VP
+to TO I-VP
+relax VB I-VP
+its PRP$ B-NP
+clamp NN I-NP
+on IN B-PP
+credit NN B-NP
+, , O
+allowing VBG B-VP
+interest NN B-NP
+rates NNS I-NP
+to TO B-VP
+drop VB I-VP
+a DT B-NP
+bit NN I-NP
+after IN B-PP
+pushing VBG B-VP
+them PRP B-NP
+up IN B-PRT
+for IN B-PP
+a DT B-NP
+year NN I-NP
+. . O
+
+Sales NNS B-NP
+of IN B-PP
+new JJ B-NP
+homes NNS I-NP
+rose VBD B-VP
+and CC O
+inventories NNS B-NP
+of IN B-PP
+houses NNS B-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+been VBN I-VP
+climbing VBG I-VP
+, , O
+dropped VBD B-VP
+. . O
+
+But CC O
+last JJ B-NP
+month NN I-NP
+new JJ B-NP
+construction NN I-NP
+in IN B-PP
+all DT B-NP
+types NNS I-NP
+of IN B-PP
+homes NNS B-NP
+waned VBD B-VP
+, , O
+from IN B-PP
+single-family JJ B-NP
+houses NNS I-NP
+to TO B-PP
+large JJ B-NP
+apartment NN I-NP
+complexes NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+pretty RB B-ADJP
+much JJ I-ADJP
+weak JJ I-ADJP
+across IN B-PP
+the DT B-NP
+board NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Martin NNP B-NP
+Regalia NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+of IN B-PP
+the DT B-NP
+National NNP I-NP
+Council NNP I-NP
+of IN B-PP
+Savings NNP B-NP
+Institutions NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Regalia NNP I-NP
+said VBD B-VP
+the DT B-NP
+industry NN I-NP
+may MD B-VP
+be VB I-VP
+reluctant JJ B-ADJP
+to TO B-VP
+step VB I-VP
+up IN B-PRT
+building NN B-NP
+at IN B-PP
+the DT B-NP
+moment NN I-NP
+for IN B-PP
+fear NN B-NP
+the DT B-NP
+inventories NNS I-NP
+of IN B-PP
+unsold JJ B-NP
+homes NNS I-NP
+will MD B-VP
+increase VB I-VP
+again RB B-ADVP
+. . O
+
+Another DT B-NP
+reason NN I-NP
+for IN B-PP
+the DT B-NP
+weakness NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+may MD B-VP
+be VB I-VP
+that IN B-SBAR
+mortgage NN B-NP
+rates NNS I-NP
+have VBP B-VP
+hit VBN I-VP
+a DT B-NP
+plateau NN I-NP
+since IN B-SBAR
+they PRP B-NP
+began VBD B-VP
+edging VBG I-VP
+down RB B-ADVP
+after IN B-PP
+a DT B-NP
+peak NN I-NP
+in IN B-PP
+March NNP B-NP
+. . O
+
+In IN B-PP
+August NNP B-NP
+, , O
+rates VBZ B-NP
+on IN B-PP
+30-year JJ B-NP
+fixed-rate JJ I-NP
+mortgages NNS I-NP
+started VBD B-VP
+creeping VBG I-VP
+up IN B-ADVP
+a DT B-NP
+bit NN I-NP
+, , O
+but CC O
+they PRP B-NP
+inched VBD B-VP
+down RB B-ADVP
+again RB B-ADVP
+through IN B-PP
+September NNP B-NP
+. . O
+
+`` `` O
+Rates NNS B-NP
+have VBP B-VP
+n't RB I-VP
+really RB I-VP
+peeled VBN I-VP
+off IN B-PRT
+that DT B-NP
+much NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Regalia NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+'ve VBP B-VP
+kind NN I-VP
+of IN I-VP
+settled VBN I-VP
+now RB B-ADVP
+into IN B-PP
+an DT B-NP
+interest-rate NN I-NP
+environment NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+fairly RB B-ADJP
+high JJ I-ADJP
+. . O
+'' '' O
+
+Work NN B-NP
+was VBD B-VP
+begun VBN I-VP
+on IN B-PP
+single JJ B-NP
+family NN I-NP
+homes NNS I-NP
+-- : O
+the DT B-NP
+core NN I-NP
+of IN B-PP
+the DT B-NP
+housing NN I-NP
+market NN I-NP
+-- : O
+at IN B-PP
+an DT B-NP
+annual JJ I-NP
+rate NN I-NP
+of IN B-PP
+971,000 CD B-NP
+in IN B-PP
+September NNP B-NP
+, , O
+a DT B-NP
+drop NN I-NP
+of IN B-PP
+2.1 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+previous JJ I-NP
+month NN I-NP
+. . O
+
+That DT B-NP
+followed VBD B-VP
+a DT B-NP
+3.3 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+Construction NN B-NP
+of IN B-PP
+apartments NNS B-NP
+and CC O
+other JJ B-NP
+multi-family JJ I-NP
+dwellings NNS I-NP
+slipped VBD B-VP
+2.2 CD B-NP
+% NN I-NP
+to TO B-PP
+an DT B-NP
+annual JJ I-NP
+rate NN I-NP
+of IN B-PP
+1,022,000 CD B-NP
+following VBG B-PP
+a DT B-NP
+3.5 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+The DT B-NP
+number NN I-NP
+of IN B-PP
+building NN B-NP
+permits VBZ I-NP
+issued VBN B-VP
+for IN B-PP
+future NN B-NP
+construction NN I-NP
+dropped VBD B-VP
+2.4 CD B-NP
+% NN I-NP
+to TO B-PP
+a DT B-NP
+1,296,000 CD I-NP
+annual JJ I-NP
+rate NN I-NP
+after IN B-PP
+rising VBG B-VP
+3.7 CD B-NP
+% NN I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+All DT B-NP
+the DT I-NP
+numbers NNS I-NP
+were VBD B-VP
+adjusted VBN I-VP
+for IN B-PP
+normal JJ B-NP
+seasonal JJ I-NP
+variations NNS I-NP
+in IN B-PP
+building NN B-NP
+activity NN I-NP
+. . O
+
+The DT B-NP
+housing NN I-NP
+starts VBZ I-NP
+numbers NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+are VBP B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+least JJS I-NP
+precise JJ I-NP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+economic JJ I-NP
+indicators NNS I-NP
+and CC O
+are VBP B-VP
+often RB I-VP
+revised VBN I-VP
+significantly RB B-ADVP
+as IN B-SBAR
+more JJR B-NP
+information NN I-NP
+is VBZ B-VP
+collected VBN I-VP
+. . O
+
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Holdings NNP I-NP
+Inc. NNP I-NP
+posted VBD B-VP
+a DT B-NP
+sharp JJ I-NP
+third-quarter JJ I-NP
+turnaround NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+, , O
+but CC O
+net JJ B-NP
+income NN I-NP
+would MD B-VP
+have VB I-VP
+dropped VBN I-VP
+from IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+without IN B-PP
+a DT B-NP
+$ $ I-NP
+37 CD I-NP
+million CD I-NP
+after-tax JJ I-NP
+gain NN I-NP
+. . O
+
+The DT B-NP
+securities NNS I-NP
+firm NN I-NP
+posted VBD B-VP
+third-quarter JJ B-NP
+net NN I-NP
+of IN B-PP
+$ $ B-NP
+66 CD I-NP
+million CD I-NP
+, , O
+or CC O
+64 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+a DT B-NP
+restated VBN I-NP
+year-earlier JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+11 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+climbed VBD B-VP
+25 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3.3 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.6 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+period NN I-NP
+included VBD B-VP
+the DT B-NP
+gain NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+$ $ B-NP
+77 CD I-NP
+million CD I-NP
+before IN B-PP
+tax NN B-NP
+, , O
+from IN B-PP
+the DT B-NP
+previously RB I-NP
+announced VBN I-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+institutional JJ I-NP
+money NN I-NP
+management NN I-NP
+business NN I-NP
+of IN B-PP
+Lehman NNP B-NP
+Management NNP I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+1988 CD I-NP
+period NN I-NP
+was VBD B-VP
+restated VBN I-VP
+from IN B-PP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+8 CD I-NP
+million CD I-NP
+to TO B-VP
+correct VB I-VP
+an DT B-NP
+overstatement NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+Boston NNP I-NP
+Co. NNP I-NP
+subsidiary NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+1989 CD I-NP
+second JJ I-NP
+quarter NN I-NP
+, , O
+Shearson NNP B-NP
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+55 NN I-NP
+million CD I-NP
+, , O
+or CC O
+54 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+An DT B-NP
+average JJ I-NP
+102.5 CD I-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+were VBD B-VP
+outstanding JJ B-ADJP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+87.1 CD B-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+Shearson NNP B-NP
+shares NNS I-NP
+lost VBD B-VP
+37.5 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+18.125 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+improved VBN I-NP
+performance NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+reflects VBZ B-VP
+higher JJR B-NP
+commissions NNS I-NP
+and CC I-NP
+revenue NN I-NP
+from IN B-PP
+marketmaking NN B-NP
+and CC I-NP
+trading NN I-NP
+for IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+account NN I-NP
+. . O
+
+Commission NN B-NP
+revenue NN I-NP
+was VBD B-VP
+$ $ B-NP
+522 CD I-NP
+million CD I-NP
+, , O
+up IN B-ADVP
+49 CD B-NP
+% NN I-NP
+. . O
+
+But CC O
+industrywide JJ B-NP
+trading NN I-NP
+activity NN I-NP
+slowed VBD B-VP
+in IN B-PP
+September NNP B-NP
+as IN B-SBAR
+institutional JJ B-NP
+investors NNS I-NP
+turned VBD B-VP
+cautious JJ B-ADJP
+and CC O
+individuals NNS B-NP
+continued VBD B-VP
+to TO I-VP
+shy VB I-VP
+away RB B-ADVP
+from IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+Investment NN B-NP
+banking NN I-NP
+revenue NN I-NP
+fell VBD B-VP
+32 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+205 CD I-NP
+million CD I-NP
+, , O
+in IN B-PP
+part NN B-NP
+reflecting VBG B-VP
+the DT B-NP
+continued VBN I-NP
+slowdown NN I-NP
+of IN B-PP
+the DT B-NP
+underwriting NN I-NP
+business NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net NN B-NP
+fell VBD B-VP
+3 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+106 CD I-NP
+million CD I-NP
+, , O
+or CC O
+98 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+110 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.05 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+advanced VBD B-VP
+26 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+9.6 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+7.6 CD I-NP
+billion CD I-NP
+. . O
+
+Two CD B-NP
+major JJ I-NP
+drug NN I-NP
+companies NNS I-NP
+posted VBD B-VP
+strong JJ B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+, , O
+in IN B-PP
+line NN B-NP
+with IN B-PP
+profits NNS B-NP
+already RB B-VP
+reported VBN I-VP
+by IN B-PP
+industry NN B-NP
+leaders NNS I-NP
+and CC O
+analysts NNS B-NP
+' POS B-NP
+expectations NNS I-NP
+. . O
+
+But CC O
+Pfizer NNP B-NP
+Inc. NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+reported VBD B-VP
+flat JJ B-NP
+earnings NNS I-NP
+. . O
+
+Schering-Plough NNP B-NP
+Corp. NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Madison NNP B-NP
+, , O
+N.J. NNP B-NP
+, , O
+reported VBD B-VP
+a DT B-NP
+21 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+earnings NNS B-NP
+as IN B-SBAR
+American NNP B-NP
+Home NNP I-NP
+Products NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+posted VBD B-VP
+an DT B-NP
+11 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+net NN B-NP
+. . O
+
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+said VBD B-VP
+sales NNS B-NP
+and CC I-NP
+earnings NNS I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+and CC O
+nine CD B-NP
+months NNS I-NP
+were VBD B-VP
+at IN B-PP
+record NN B-NP
+levels NNS I-NP
+. . O
+
+Sales NNS B-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+increased VBN B-VP
+6.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.51 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.42 CD I-NP
+billion CD I-NP
+. . O
+
+Sales NNS B-NP
+of IN B-PP
+health-care NN B-NP
+products NNS I-NP
+increased VBN B-VP
+6 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+based VBN B-PP
+in IN B-PP
+part NN B-NP
+on IN B-PP
+strong JJ B-NP
+sales NNS I-NP
+of IN B-PP
+prescription NN B-NP
+drugs NNS I-NP
+such JJ B-PP
+as IN I-PP
+Premarin NNP B-NP
+, , O
+an DT B-NP
+estrogen-replacement NN I-NP
+drug NN I-NP
+, , O
+and CC O
+sales NNS B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+infant NN I-NP
+formula NN I-NP
+. . O
+
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+benefited VBD B-VP
+from IN B-PP
+a DT B-NP
+`` `` I-NP
+lower JJR I-NP
+effective JJ I-NP
+tax NN I-NP
+rate NN I-NP
+, , O
+'' '' O
+reflecting VBG B-VP
+a DT B-NP
+reduction NN I-NP
+of IN B-PP
+foreign JJ B-NP
+tax NN I-NP
+rates NNS I-NP
+, , O
+and CC O
+additional JJ B-NP
+operations NNS I-NP
+in IN B-PP
+Puerto NNP B-NP
+Rico NNP I-NP
+. . O
+
+Net JJ B-NP
+also RB B-ADVP
+was VBD B-VP
+aided VBN I-VP
+by IN B-PP
+a DT B-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+equity NN I-NP
+interests NNS I-NP
+in IN B-PP
+South NNP B-NP
+Africa NNP I-NP
+effective JJ B-ADJP
+Sept. NNP B-NP
+1 CD I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+American NNP B-NP
+Home NNP I-NP
+Products NNPS I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+102.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+75 CD B-NP
+cents NNS I-NP
+. . O
+
+Pfizer NNP B-NP
+
+Pfizer NNP B-NP
+said VBD B-VP
+third-quarter JJ B-NP
+sales NNS I-NP
+increased VBN B-VP
+4 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.44 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.38 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+net JJ B-NP
+income NN I-NP
+was VBD B-VP
+flat JJ B-ADJP
+because IN B-PP
+of IN I-PP
+investment NN B-NP
+in IN B-PP
+research NN B-NP
+and CC I-NP
+development NN I-NP
+and CC O
+costs NNS B-NP
+related VBN B-ADJP
+to TO B-PP
+launches NNS B-NP
+of IN B-PP
+several JJ B-NP
+products NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+dollar NN I-NP
+'s POS B-NP
+continued VBD I-NP
+strengthening VBG I-NP
+reduced VBN B-VP
+world-wide JJ B-NP
+sales NNS I-NP
+growth NN I-NP
+by IN B-PP
+three CD B-NP
+percentage NN I-NP
+points NNS I-NP
+. . O
+
+Pfizer NNP B-NP
+posted VBD B-VP
+its PRP$ B-NP
+largest JJS I-NP
+gains NNS I-NP
+in IN B-PP
+healthcare NN B-NP
+sales NNS I-NP
+, , O
+up IN B-ADVP
+3 CD B-NP
+% NN I-NP
+, , O
+and CC O
+consumer NN B-NP
+products NNS I-NP
+, , O
+up IN B-ADVP
+23 CD B-NP
+% NN I-NP
+. . O
+
+Sales NNS B-NP
+by IN B-PP
+the DT B-NP
+specialty NN I-NP
+chemicals NNS I-NP
+and CC I-NP
+materials NNS I-NP
+science NN I-NP
+segments NNS I-NP
+were VBD B-VP
+flat JJ B-ADJP
+, , O
+and CC O
+sales NNS B-NP
+by IN B-PP
+the DT B-NP
+agriculture NN I-NP
+segment NN I-NP
+declined VBD B-VP
+5 NN B-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+health-care NN I-NP
+segment NN I-NP
+, , O
+pharmaceutical JJ B-NP
+sales NNS I-NP
+increased VBN B-VP
+4 CD B-NP
+% NN I-NP
+and CC O
+sales NNS B-NP
+of IN B-PP
+hospital NN B-NP
+products NNS I-NP
+increased VBN B-VP
+1 CD B-NP
+% NN I-NP
+. . O
+
+During IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+Pfizer NNP B-NP
+received VBD B-VP
+federal JJ B-NP
+approval NN I-NP
+of IN B-PP
+Procardia NNP B-NP
+XL NNP I-NP
+, , O
+a DT B-NP
+calcium NN I-NP
+channel NN I-NP
+blocker NN I-NP
+approved VBD B-VP
+for IN B-PP
+both DT B-NP
+angina NN I-NP
+and CC I-NP
+hypertension NN I-NP
+, , O
+and CC O
+Monorail NNP B-NP
+Piccolino NNP I-NP
+, , O
+used VBN B-VP
+to TO B-VP
+open VB I-VP
+obstructed VBN B-NP
+coronary JJ I-NP
+arteries NNS I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+Pfizer NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+67.75 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+75 CD B-NP
+cents NNS I-NP
+. . O
+
+Schering-Plough NNP B-NP
+
+Schering-Plough NNP B-NP
+said VBD B-VP
+sales NNS B-NP
+gained VBD B-VP
+2.7 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+743.7 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+724.4 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+period NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+completed VBD B-VP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+European JJ I-NP
+cosmetics NNS I-NP
+businesses NNS I-NP
+, , O
+sold VBD B-VP
+a DT B-NP
+majority NN I-NP
+interest NN I-NP
+in IN B-PP
+its PRP$ B-NP
+Brazilian JJ I-NP
+affiliate NN I-NP
+, , O
+and CC O
+announced VBD B-VP
+the DT B-NP
+reorganization NN I-NP
+of IN B-PP
+its PRP$ B-NP
+over-the-counter JJ I-NP
+drug NN I-NP
+businesses NNS I-NP
+into IN B-PP
+a DT B-NP
+new JJ I-NP
+unit NN I-NP
+, , O
+Schering-Plough NNP B-NP
+Health NNP I-NP
+Care NNP I-NP
+Products NNPS I-NP
+. . O
+
+These DT B-NP
+actions NNS I-NP
+did VBD B-VP
+n't RB I-VP
+affect VB I-VP
+results NNS B-NP
+because IN B-SBAR
+the DT B-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+European JJ I-NP
+cosmetics NNS I-NP
+businesses NNS I-NP
+was VBD B-VP
+offset VBN I-VP
+by IN B-PP
+provisions NNS B-NP
+relating VBG B-VP
+to TO B-PP
+the DT B-NP
+Brazil NNP I-NP
+divestiture NN I-NP
+and CC I-NP
+drug NN I-NP
+restructuring NN I-NP
+. . O
+
+U.S. NNP B-NP
+pharmaceutical JJ I-NP
+sales NNS I-NP
+rose VBD B-VP
+15 CD B-NP
+% NN I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+allergy NN B-NP
+, , I-NP
+asthma NN I-NP
+and CC I-NP
+cold JJ I-NP
+products NNS I-NP
+; : O
+dermatological JJ B-NP
+products NNS I-NP
+; : O
+anti-infectives NNS B-NP
+and CC O
+anti-cancer JJ B-NP
+products NNS I-NP
+; : O
+and CC O
+cardiovascular JJ B-NP
+products NNS I-NP
+. . O
+
+World-wide JJ B-NP
+consumer NN I-NP
+product NN I-NP
+sales NNS I-NP
+declined VBD B-VP
+12 CD B-NP
+% NN I-NP
+, , O
+primarily RB B-ADVP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+European JJ I-NP
+cosmetics NNS I-NP
+sale NN I-NP
+. . O
+
+Significantly RB B-NP
+lower JJR I-NP
+sales NNS I-NP
+of IN B-PP
+` `` B-NP
+Stay VB I-NP
+Trim NN I-NP
+' '' I-NP
+diet NN I-NP
+aids NNS I-NP
+also RB B-ADVP
+were VBD B-VP
+a DT B-NP
+factor NN I-NP
+in IN B-PP
+the DT B-NP
+drop NN I-NP
+. . O
+
+The DT B-NP
+Maybelline NNP I-NP
+beauty NN I-NP
+product NN I-NP
+line NN I-NP
+had VBD B-VP
+higher JJR B-NP
+sales NNS I-NP
+following VBG B-PP
+a DT B-NP
+sluggish JJ I-NP
+first JJ I-NP
+half NN I-NP
+. . O
+
+In IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Schering-Plough NNP B-NP
+shares NNS I-NP
+fell VBD B-VP
+75 CD B-NP
+cents NNS I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+74.125 CD I-NP
+. . O
+
+Swedish JJ B-NP
+auto NN I-NP
+and CC I-NP
+aerospace NN I-NP
+concern NN I-NP
+Saab-Scania NNP I-NP
+AB NNP I-NP
+said VBD B-VP
+it PRP B-NP
+received VBD B-VP
+a DT O
+250 CD O
+million CD O
+krona NN O
+-LRB- ( O
+$ $ B-ADJP
+39 CD O
+million CD O
+-RRB- ) O
+order NN B-NP
+from IN B-PP
+Swiss NNP B-NP
+Crossair NNP I-NP
+, , O
+one CD B-NP
+of IN B-PP
+Europe NNP B-NP
+'s POS B-NP
+leading VBG I-NP
+regional JJ I-NP
+air NN I-NP
+companies NNS I-NP
+, , O
+for IN B-PP
+five CD B-NP
+Saab NNP I-NP
+340B CD I-NP
+turboprop NN I-NP
+commuter NN I-NP
+aircraft NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+quite RB B-ADJP
+unfortunate JJ I-ADJP
+that IN B-SBAR
+you PRP B-NP
+failed VBD B-VP
+so RB B-ADVP
+miserably RB I-ADVP
+in IN B-PP
+reporting VBG B-VP
+the DT B-NP
+Hurricane NNP I-NP
+Hugo NNP I-NP
+disaster NN I-NP
+. . O
+
+Your PRP$ B-NP
+Sept. NNP I-NP
+27 CD I-NP
+page-one JJ I-NP
+article NN I-NP
+`` `` O
+Charleston NNP B-NP
+Lost JJ B-VP
+Quite RB B-NP
+a DT I-NP
+Lot NN I-NP
+to TO B-PP
+Hugo NNP B-NP
+, , O
+Especially RB B-NP
+Gentility NN I-NP
+'' '' O
+leaves VBZ B-VP
+the DT B-NP
+impression NN I-NP
+that IN B-SBAR
+the DT B-NP
+storm NN I-NP
+was VBD B-VP
+little RB B-ADJP
+more JJR I-ADJP
+than IN B-PP
+an DT B-NP
+inconvenience NN I-NP
+. . O
+
+The DT B-NP
+damage NN I-NP
+reported VBD B-VP
+focused VBN B-VP
+on IN B-PP
+a DT B-NP
+select JJ I-NP
+few JJ I-NP
+who WP B-NP
+owned VBD B-VP
+irreplaceable JJ B-NP
+historic JJ I-NP
+homes NNS I-NP
+on IN B-PP
+the DT B-NP
+Battery NNP I-NP
+. . O
+
+Not RB B-VP
+mentioned VBN I-VP
+were VBD B-VP
+the DT B-NP
+50,000 CD I-NP
+people NNS I-NP
+rendered VBD B-VP
+homeless JJ B-ADJP
+, , O
+and CC O
+the DT B-NP
+more JJR I-NP
+than IN I-NP
+200,000 CD I-NP
+out IN B-ADJP
+of IN B-PP
+work NN B-NP
+for IN B-PP
+an DT B-NP
+indeterminable JJ I-NP
+period NN I-NP
+; : O
+the DT B-NP
+$ $ I-NP
+1 CD I-NP
+billion-plus JJ I-NP
+in IN B-PP
+losses NNS B-NP
+to TO B-PP
+homes NNS B-NP
+and CC O
+personal JJ B-NP
+property NN I-NP
+on IN B-PP
+the DT B-NP
+barrier NN I-NP
+islands NNS I-NP
+; : O
+the DT B-NP
+near IN I-NP
+- : I-NP
+and CC I-NP
+long-term JJ I-NP
+impact NN I-NP
+on IN B-PP
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+largest JJS I-NP
+industry NN I-NP
+, , O
+tourism NN B-NP
+, , O
+not RB B-CONJP
+to TO O
+mention VB O
+the DT B-NP
+human JJ I-NP
+suffering NN I-NP
+. . O
+
+In IN B-PP
+centering VBG B-VP
+on IN B-PP
+the DT B-NP
+disruption NN I-NP
+of IN B-PP
+a DT B-NP
+few JJ I-NP
+proud JJ I-NP
+local JJ I-NP
+customs NNS I-NP
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+historic JJ I-NP
+homes NNS I-NP
+tour NN I-NP
+and CC O
+the DT B-NP
+damage NN I-NP
+to TO B-PP
+the DT B-NP
+antiquities NNS I-NP
+, , O
+your PRP$ B-NP
+reporter NN I-NP
+served VBN B-VP
+to TO I-VP
+only RB I-VP
+perpetuate VB I-VP
+an DT B-NP
+outdated JJ I-NP
+and CC I-NP
+stereotypically RB I-NP
+provincial JJ I-NP
+view NN I-NP
+of IN B-PP
+this DT B-NP
+otherwise RB I-NP
+thriving VBG I-NP
+port NN I-NP
+city NN I-NP
+. . O
+
+The DT B-NP
+damage NN I-NP
+will MD B-VP
+undoubtedly RB I-VP
+prove VB I-VP
+to TO I-VP
+be VB I-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+epic NN I-NP
+human JJ I-NP
+and CC I-NP
+economic JJ I-NP
+disasters NNS I-NP
+of IN B-PP
+the DT B-NP
+decade NN I-NP
+in IN B-PP
+this DT B-NP
+country NN I-NP
+. . O
+
+David NNP B-NP
+M. NNP I-NP
+Carroll NNP I-NP
+
+Columbia NNP B-NP
+, , O
+S.C NNP B-NP
+. . O
+
+Your PRP$ B-NP
+story NN I-NP
+was VBD B-VP
+tasteless JJ B-ADJP
+and CC I-ADJP
+insensitive JJ I-ADJP
+. . O
+
+Depicting VBG B-VP
+the DT B-NP
+people NNS I-NP
+of IN B-PP
+a DT B-NP
+traumatized VBN I-NP
+city NN I-NP
+reeling VBG B-VP
+from IN B-PP
+a DT B-NP
+disaster NN I-NP
+of IN B-PP
+unprecedented JJ B-NP
+proportions NNS I-NP
+was VBD B-VP
+at IN B-PP
+the DT B-NP
+very RB I-NP
+best JJS I-NP
+ludicrous JJ B-ADJP
+under IN B-PP
+the DT B-NP
+circumstances NNS I-NP
+. . O
+
+Your PRP$ B-NP
+narrow JJ I-NP
+focus NN I-NP
+appears VBZ B-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+contrived VBN I-NP
+attempt NN I-NP
+to TO B-VP
+show VB I-VP
+the DT B-NP
+people NNS I-NP
+of IN B-PP
+that DT B-NP
+historic JJ I-NP
+city NN I-NP
+to TO B-VP
+be VB I-VP
+doddering JJ B-NP
+fools NNS I-NP
+. . O
+
+You PRP B-NP
+had VBD B-VP
+to TO I-VP
+have VB I-VP
+been VBN I-VP
+blind JJ B-ADJP
+not RB O
+to TO B-VP
+see VB I-VP
+the DT B-NP
+scenario NN I-NP
+there RB B-ADVP
+for IN B-PP
+what WP B-NP
+it PRP B-NP
+was VBD B-VP
+and CC O
+is VBZ B-VP
+and CC O
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+be VB I-VP
+for IN B-PP
+months NNS B-NP
+and CC B-NP
+even JJ I-NP
+years NNS B-NP
+-- : O
+a DT B-NP
+part NN I-NP
+of IN B-PP
+South NNP B-NP
+Carolina NNP I-NP
+that WDT B-NP
+has VBZ B-VP
+sustained VBN I-VP
+a DT B-NP
+blow NN I-NP
+that IN B-NP
+the DT B-NP
+Red NNP I-NP
+Cross NNP I-NP
+expects VBZ B-VP
+will MD B-VP
+cost VB I-VP
+that DT B-NP
+organization NN I-NP
+alone RB B-ADVP
+some DT B-NP
+$ $ I-NP
+38 CD I-NP
+million CD I-NP
+. . O
+
+William NNP B-NP
+C. NNP I-NP
+Barksdale NNP I-NP
+Jr NNP I-NP
+. . O
+
+Columbia NNP B-NP
+, , O
+S.C NNP B-NP
+. . O
+
+Charleston NNP B-NP
+is VBZ B-VP
+historic JJ B-ADJP
+and CC I-ADJP
+aristocratic JJ I-ADJP
+, , O
+as IN O
+your PRP$ B-NP
+reporter NN I-NP
+said VBD B-VP
+, , O
+but CC O
+not RB O
+haughty JJ B-ADJP
+, , O
+as IN B-SBAR
+he PRP B-NP
+suggested VBD B-VP
+. . O
+
+Charlestonians NNS B-NP
+are VBP B-VP
+instead RB B-ADVP
+indomitable JJ B-ADJP
+and CC O
+have VBP B-VP
+contributed VBN I-VP
+mightily RB B-ADVP
+to TO B-PP
+the DT B-NP
+culture NN I-NP
+and CC I-NP
+history NN I-NP
+of IN B-PP
+our PRP$ B-NP
+country NN I-NP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+300 CD I-NP
+years NNS I-NP
+. . O
+
+I PRP B-NP
+suggest VBP B-VP
+your PRP$ B-NP
+reporter NN I-NP
+see VB B-VP
+Charleston NNP B-NP
+next JJ B-NP
+spring NN I-NP
+in IN B-PP
+its PRP$ B-NP
+full JJ I-NP
+glory NN I-NP
+. . O
+
+William NNP B-NP
+C. NNP I-NP
+Stuart NNP I-NP
+III NNP I-NP
+
+Silver NNP B-NP
+Spring NNP I-NP
+, , O
+Md NNP B-NP
+. . O
+
+Affiliated NNP B-NP
+Bankshares NNPS I-NP
+of IN B-PP
+Colorado NNP B-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+agreed VBD B-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+10 CD I-NP
+% NN I-NP
+interest NN I-NP
+in IN B-PP
+Rocky NNP B-NP
+Mountain NNP I-NP
+Bankcard NNP I-NP
+Systems NNPS I-NP
+for IN B-PP
+$ $ B-NP
+18.5 CD I-NP
+million CD I-NP
+to TO B-PP
+Colorado NNP B-NP
+National NNP I-NP
+Bank NNP I-NP
+of IN B-PP
+Denver NNP B-NP
+and CC O
+Central NNP B-NP
+Bank NNP I-NP
+of IN B-PP
+Denver NNP B-NP
+. . O
+
+Colorado NNP B-NP
+National NNP I-NP
+is VBZ B-VP
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Colorado NNP B-NP
+National NNP I-NP
+Bankshares NNPS I-NP
+Inc. NNP I-NP
+and CC O
+Central NNP B-NP
+is VBZ B-VP
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+First NNP B-NP
+Bank NNP I-NP
+System NNP I-NP
+of IN B-PP
+Minneapolis NNP B-NP
+. . O
+
+Affiliated NNP B-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+record VB I-VP
+a DT B-NP
+pretax JJ I-NP
+gain NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+18.5 CD I-NP
+million CD I-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+credit-card NN I-NP
+business NN I-NP
+, , O
+which WDT B-NP
+should MD B-VP
+more JJR I-VP
+than IN I-VP
+offset VB I-VP
+any DT B-NP
+reduction NN I-NP
+in IN B-PP
+the DT B-NP
+carrying VBG I-NP
+value NN I-NP
+of IN B-PP
+real JJ B-NP
+estate NN I-NP
+and CC O
+real-estate NN B-NP
+loans NNS I-NP
+on IN B-PP
+its PRP$ B-NP
+books NNS I-NP
+. . O
+
+The DT B-NP
+U.S. NNP I-NP
+Export-Import NNP I-NP
+Bank NNP I-NP
+tentatively RB B-VP
+decided VBD I-VP
+to TO I-VP
+guarantee VB I-VP
+commercial JJ B-NP
+bank NN I-NP
+financing NN I-NP
+for IN B-PP
+the DT B-NP
+purchase NN I-NP
+of IN B-PP
+two CD B-NP
+Boeing NNP I-NP
+Co. NNP I-NP
+767 CD I-NP
+airliners NNS I-NP
+by IN B-PP
+Avianca NNP B-NP
+, , O
+Colombia NNP B-NP
+'s POS B-NP
+international JJ I-NP
+airline NN I-NP
+, , O
+at IN B-PP
+a DT B-NP
+cost NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+150 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+loan NN I-NP
+guarantee NN I-NP
+would MD B-VP
+amount VB I-VP
+to TO B-PP
+about RB B-NP
+$ $ I-NP
+127.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+85 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+the DT B-NP
+aircraft NN I-NP
+. . O
+
+Because IN B-PP
+of IN I-PP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+the DT B-NP
+proposed VBN I-NP
+loan NN I-NP
+guarantee NN I-NP
+, , O
+the DT B-NP
+Ex-Im NNP I-NP
+Bank NNP I-NP
+'s POS B-NP
+preliminary JJ I-NP
+commitment NN I-NP
+is VBZ B-VP
+subject NN B-ADJP
+to TO B-PP
+review VB B-NP
+by IN B-PP
+the DT B-NP
+House NNP I-NP
+and CC I-NP
+Senate NNP I-NP
+Banking NNP I-NP
+committees NNS I-NP
+. . O
+
+Ex-Im NNP B-NP
+Bank NNP I-NP
+officials NNS I-NP
+said VBD B-VP
+this DT B-NP
+review NN I-NP
+process NN I-NP
+currently RB B-ADVP
+is VBZ B-VP
+under IN B-PP
+way NN B-NP
+. . O
+
+Sebastian NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+took VBD B-VP
+over IN B-PRT
+the DT B-NP
+oil NN I-NP
+workers NNS I-NP
+union NN I-NP
+, , O
+Mexico NNP B-NP
+'s POS B-NP
+most RBS B-ADJP
+powerful JJ I-ADJP
+labor NN B-NP
+organization NN I-NP
+, , O
+only RB B-NP
+last JJ I-NP
+January NNP I-NP
+. . O
+
+But CC O
+even RB B-PP
+in IN I-PP
+that DT B-NP
+short JJ I-NP
+time NN I-NP
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+has VBZ B-VP
+become VBN I-VP
+as IN B-ADJP
+controversial JJ I-ADJP
+in IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+way NN I-NP
+as IN B-PP
+his PRP$ B-NP
+deposed VBN I-NP
+predecessor NN I-NP
+, , O
+Joaquin NNP B-NP
+Hernandez NNP I-NP
+Galicia NNP I-NP
+, , O
+known VBN B-VP
+as IN B-PP
+La NNP B-NP
+Quina NNP I-NP
+. . O
+
+President NNP B-NP
+Carlos NNP I-NP
+Salinas NNP I-NP
+de FW I-NP
+Gortari NNP I-NP
+used VBD B-VP
+the DT B-NP
+army NN I-NP
+to TO B-VP
+oust VB I-VP
+La NNP B-NP
+Quina NNP I-NP
+, , O
+who WP B-NP
+reigned VBD B-VP
+for IN B-PP
+28 CD B-NP
+years NNS I-NP
+over IN B-PP
+a DT B-NP
+graft-riddled JJ I-NP
+empire NN I-NP
+that WDT B-NP
+made VBD B-VP
+state-run JJ B-NP
+Petroleos NNP I-NP
+Mexicanos NNP I-NP
+, , I-NP
+or CC I-NP
+Pemex NNP I-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+most RBS B-ADJP
+inefficient JJ I-ADJP
+oil NN B-NP
+companies NNS I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+is VBZ B-VP
+facing VBG I-VP
+accusations NNS B-NP
+that IN B-SBAR
+he PRP B-NP
+'s VBZ B-VP
+as IN B-NP
+much JJ I-NP
+a DT I-NP
+company NN I-NP
+man NN I-NP
+as IN B-SBAR
+La NNP B-NP
+Quina NNP I-NP
+was VBD B-VP
+a DT B-NP
+crook NN I-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+contract NN I-NP
+negotiations NNS I-NP
+with IN B-PP
+Pemex NNP B-NP
+management NN I-NP
+, , O
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+accepted VBD B-VP
+major JJ B-NP
+concessions NNS I-NP
+that WDT B-NP
+greatly RB B-VP
+curtail VB I-VP
+the DT B-NP
+union NN I-NP
+'s POS B-NP
+role NN I-NP
+in IN B-PP
+subcontracting NN B-NP
+, , O
+long JJ B-ADVP
+a DT B-NP
+source NN I-NP
+of IN B-PP
+millions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+in IN B-PP
+illicit JJ B-NP
+earnings NNS I-NP
+. . O
+
+And CC O
+with IN B-PP
+the DT B-NP
+quiet JJ I-NP
+pragmatism NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+replacing VBG B-VP
+the DT B-NP
+prickly JJ I-NP
+populism NN I-NP
+of IN B-PP
+La NNP B-NP
+Quina NNP I-NP
+, , O
+government NN B-NP
+technocrats NNS I-NP
+have VBP B-VP
+been VBN I-VP
+given VBN I-VP
+a DT B-NP
+free JJ I-NP
+hand NN I-NP
+to TO B-VP
+open VB I-VP
+the DT B-NP
+petrochemical NN I-NP
+sector NN I-NP
+to TO B-PP
+wider RBR B-NP
+private JJ I-NP
+and CC I-NP
+foreign JJ I-NP
+investment NN I-NP
+. . O
+
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+'s POS B-NP
+new JJ I-NP
+order NN I-NP
+has VBZ B-VP
+n't RB I-VP
+arrived VBN I-VP
+without IN B-PP
+resistance NN B-NP
+. . O
+
+Brawls NNS B-NP
+between IN B-PP
+union NN B-NP
+factions NNS I-NP
+still RB B-ADVP
+erupt VBP B-VP
+at IN B-PP
+Pemex NNP B-NP
+installations NNS I-NP
+. . O
+
+Leftist JJ B-NP
+leader NN I-NP
+Cuauhtemoc NNP I-NP
+Cardenas NNP I-NP
+publicly RB B-VP
+questioned VBD I-VP
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+'s POS B-NP
+`` `` I-NP
+moral JJ I-NP
+quality NN I-NP
+, , O
+'' '' O
+suggesting VBG B-VP
+he PRP B-NP
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+conspiracy NN I-NP
+to TO B-VP
+turn VB I-VP
+over IN B-PRT
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+oil NN I-NP
+, , O
+a DT B-NP
+symbol NN I-NP
+of IN B-PP
+Mexican JJ B-NP
+nationalism NN I-NP
+, , O
+to TO B-PP
+foreigners NNS B-NP
+. . O
+
+The DT B-NP
+61-year-old NNP I-NP
+Mr. NNP I-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+takes VBZ B-VP
+such JJ B-NP
+criticisms NNS I-NP
+in IN B-PP
+stride NN B-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+n't RB O
+a DT B-NP
+new JJ I-NP
+kind NN I-NP
+of IN B-PP
+union NN B-NP
+leadership NN I-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+new JJ I-NP
+Mexico NNP I-NP
+. . O
+
+We PRP B-NP
+'re VBP B-VP
+no RB B-ADVP
+longer RB I-ADVP
+afraid JJ B-ADJP
+of IN B-PP
+associating VBG B-VP
+with IN B-PP
+private JJ B-NP
+or CC I-NP
+foreign JJ I-NP
+capital NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Pemex NNP B-NP
+, , O
+which WDT B-NP
+produces VBZ B-VP
+40 CD B-NP
+% NN I-NP
+of IN B-PP
+government NN B-NP
+revenue NN I-NP
+, , O
+desperately RB B-VP
+needs VBZ I-VP
+new JJ B-NP
+investment NN I-NP
+. . O
+
+Since IN B-SBAR
+world NN B-NP
+oil NN I-NP
+prices NNS I-NP
+collapsed VBD B-VP
+in IN B-PP
+1982 CD B-NP
+, , O
+the DT B-NP
+government NN I-NP
+has VBZ B-VP
+siphoned VBN I-VP
+Pemex NNP B-NP
+'s POS B-NP
+coffers NNS I-NP
+to TO B-VP
+make VB I-VP
+payments NNS B-NP
+on IN B-PP
+Mexico NNP B-NP
+'s POS B-NP
+$ $ B-ADJP
+97 CD O
+billion CD O
+foreign JJ B-NP
+debt NN I-NP
+. . O
+
+Little JJ B-NP
+money NN I-NP
+has VBZ B-VP
+been VBN I-VP
+returned VBN I-VP
+to TO B-VP
+upgrade VB I-VP
+Pemex NNP B-NP
+'s POS B-NP
+aging VBG I-NP
+facilities NNS I-NP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+government NN I-NP
+drains NNS B-VP
+Pemex NNP B-NP
+from IN B-PP
+above IN B-NP
+, , O
+the DT B-NP
+union NN I-NP
+has VBZ B-VP
+drained VBN I-VP
+it PRP B-NP
+from IN B-PP
+below RB B-NP
+. . O
+
+A DT B-NP
+bloated JJ I-NP
+payroll NN I-NP
+and CC O
+pervasive JJ B-NP
+graft NN I-NP
+caused VBN B-VP
+Pemex NNP B-NP
+'s POS B-NP
+operating VBG I-NP
+costs NNS I-NP
+to TO B-VP
+balloon VB I-VP
+to TO B-PP
+95 CD B-NP
+cents NNS I-NP
+of IN B-PP
+each DT B-NP
+$ $ I-NP
+1 CD I-NP
+in IN B-PP
+sales NNS B-NP
+, , O
+far RB B-ADVP
+above IN B-PP
+the DT B-NP
+industry NN I-NP
+norm NN I-NP
+. . O
+
+The DT B-NP
+declines NNS I-NP
+in IN B-PP
+investment NN B-NP
+and CC I-NP
+efficiency NN I-NP
+explain VB B-VP
+in IN B-PP
+part NN B-NP
+why WRB B-ADVP
+Mexico NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+importing VBG I-VP
+gasoline NN B-NP
+this DT B-NP
+year NN I-NP
+. . O
+
+Some DT B-NP
+projections NNS I-NP
+show VBP B-VP
+Mexico NNP B-NP
+importing VBG B-VP
+crude NN B-NP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+century NN I-NP
+, , O
+barring VBG B-PP
+an DT B-NP
+overhaul NN I-NP
+of IN B-PP
+operations NNS B-NP
+. . O
+
+`` `` O
+Whatever WDT B-NP
+you PRP B-NP
+tried VBD B-VP
+to TO I-VP
+change VB I-VP
+, , O
+whether IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+cutting VBG B-VP
+costs NNS B-NP
+or CC O
+attracting VBG B-VP
+new JJ B-NP
+partners NNS I-NP
+, , O
+the DT B-NP
+big JJ I-NP
+obstacle NN I-NP
+was VBD B-VP
+the DT B-NP
+old JJ I-NP
+union NN I-NP
+leadership NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+oil NN B-NP
+consultant NN I-NP
+George NNP I-NP
+Baker NNP I-NP
+. . O
+
+Enter VB B-VP
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+, , O
+who WP B-NP
+has VBZ B-VP
+a DT B-NP
+clear JJ I-NP
+understanding NN I-NP
+of IN B-PP
+where WRB B-ADVP
+union NN B-NP
+leaders NNS I-NP
+fit VBP B-VP
+in IN B-PP
+the DT B-NP
+pro-enterprise JJ I-NP
+regime NN I-NP
+of IN B-PP
+President NNP B-NP
+Salinas NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+the DT B-NP
+secretary-general NN I-NP
+, , O
+if IN B-SBAR
+there EX B-NP
+is VBZ B-VP
+one CD B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+greeting VBG B-VP
+a DT B-NP
+visitor NN I-NP
+to TO B-PP
+his PRP$ B-NP
+office NN I-NP
+. . O
+
+Beginning VBG B-VP
+as IN B-PP
+a DT B-NP
+laborer NN I-NP
+in IN B-PP
+a DT B-NP
+refinery NN I-NP
+, , O
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+put VB B-VP
+in IN B-PRT
+more JJR B-NP
+than IN I-NP
+40 CD I-NP
+years NNS I-NP
+at IN B-PP
+Pemex NNP B-NP
+before IN B-PP
+being VBG B-VP
+pushed VBN I-VP
+into IN B-PP
+retirement NN B-NP
+by IN B-PP
+La NNP B-NP
+Quina NNP I-NP
+after IN B-PP
+a DT B-NP
+dispute NN I-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+Though IN B-SBAR
+he PRP B-NP
+also RB B-ADVP
+long JJ B-ADVP
+benefited VBD B-VP
+from IN B-PP
+the DT B-NP
+system NN I-NP
+built VBN B-VP
+by IN B-PP
+La NNP B-NP
+Quina NNP I-NP
+, , O
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+says VBZ B-VP
+union NN B-NP
+perks NNS I-NP
+had VBN B-VP
+simply RB I-VP
+gotten VBN I-VP
+out IN B-ADJP
+of IN B-PP
+hand NN B-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+`` `` O
+at IN B-PP
+the DT B-NP
+base NN I-NP
+of IN B-PP
+all DT B-NP
+of IN B-PP
+the DT B-NP
+problems NNS I-NP
+of IN B-PP
+corruption NN B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Thus RB B-ADVP
+, , O
+in IN B-PP
+recent JJ B-NP
+contract NN I-NP
+negotiations NNS I-NP
+, , O
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+gave VBD B-VP
+up IN B-PRT
+the DT B-NP
+union NN I-NP
+'s POS B-NP
+right NN I-NP
+to TO B-VP
+assign VB I-VP
+40 CD B-NP
+% NN I-NP
+of IN B-PP
+all DT B-NP
+of IN B-PP
+Pemex NNP B-NP
+'s POS B-NP
+outside IN I-NP
+contracts NNS I-NP
+-- : O
+an DT B-NP
+enormous JJ I-NP
+source NN I-NP
+of IN B-PP
+kickbacks NNS B-NP
+. . O
+
+The DT B-NP
+union NN I-NP
+also RB B-ADVP
+ceded VBD B-VP
+the DT B-NP
+2 CD I-NP
+% NN I-NP
+commission NN I-NP
+it PRP B-NP
+had VBD B-VP
+received VBN I-VP
+on IN B-PP
+all DT B-NP
+Pemex NNP I-NP
+maintenance NN I-NP
+contracts NNS I-NP
+. . O
+
+-LRB- ( O
+The DT B-NP
+union NN I-NP
+will MD B-VP
+keep VB I-VP
+a DT B-NP
+2 CD I-NP
+% NN I-NP
+commission NN I-NP
+on IN B-PP
+construction NN B-NP
+projects NNS I-NP
+. . O
+-RRB- ) O
+
+The DT B-NP
+new JJ I-NP
+contract NN I-NP
+also RB B-ADVP
+eliminates VBZ B-VP
+the DT B-NP
+$ $ I-NP
+15 CD I-NP
+monthly JJ I-NP
+coupon NN I-NP
+, , O
+good JJ B-ADJP
+only RB B-ADVP
+at IN B-PP
+union-owned JJ B-NP
+grocery NN I-NP
+stores NNS I-NP
+, , O
+that WDT B-NP
+was VBD B-VP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+salary NN I-NP
+of IN B-PP
+every DT B-NP
+worker NN I-NP
+, , O
+from IN B-PP
+roughneck NN B-NP
+to TO B-PP
+chief JJ B-NP
+executive NN I-NP
+. . O
+
+About IN B-NP
+9,800 CD I-NP
+technical JJ I-NP
+workers NNS I-NP
+, , O
+notably RB B-NP
+chemists NNS I-NP
+and CC I-NP
+lawyers NNS I-NP
+, , O
+were VBD B-VP
+switched VBN I-VP
+to TO B-PP
+non-union JJ B-NP
+status NN I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+because IN B-PP
+of IN I-PP
+its PRP$ B-NP
+reduced VBN I-NP
+capital NN I-NP
+budget NN I-NP
+, , O
+Pemex NNP B-NP
+has VBZ B-VP
+phased VBN I-VP
+out IN B-PRT
+about IN B-NP
+50,000 CD I-NP
+transitory JJ I-NP
+construction NN I-NP
+workers NNS I-NP
+, , O
+reducing VBG B-VP
+the DT B-NP
+work NN I-NP
+force NN I-NP
+to TO B-PP
+about IN B-NP
+140,000 CD I-NP
+, , O
+the DT B-NP
+union NN I-NP
+leader NN I-NP
+says NNS B-VP
+. . O
+
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+says VBZ B-VP
+the DT B-NP
+union NN I-NP
+'s POS B-NP
+sacrifices NNS I-NP
+will MD B-VP
+be VB I-VP
+offset VB I-VP
+by IN B-PP
+a DT B-NP
+wage NN I-NP
+and CC I-NP
+benefit NN I-NP
+package NN I-NP
+that IN B-NP
+amounts NNS B-VP
+to TO B-PP
+a DT B-NP
+22 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+compensation NN B-NP
+. . O
+
+But CC O
+Pemex NNP B-NP
+managers NNS I-NP
+are VBP B-VP
+the DT B-NP
+ones NNS I-NP
+most RBS B-VP
+thrilled VBN I-VP
+by IN B-PP
+the DT B-NP
+contract NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+retaking VBG I-VP
+the DT B-NP
+instruments NNS I-NP
+of IN B-PP
+administration NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Raul NNP B-NP
+Robles NNP I-NP
+, , O
+a DT B-NP
+Pemex NNP I-NP
+subdirector NN I-NP
+. . O
+
+Pemex NNP B-NP
+officials NNS I-NP
+would MD B-VP
+n't RB I-VP
+say VB I-VP
+how WRB B-NP
+much JJ I-NP
+money NN I-NP
+the DT B-NP
+new JJ I-NP
+contract NN I-NP
+would MD B-VP
+save VB I-VP
+the DT B-NP
+company NN I-NP
+, , O
+but CC O
+one CD B-NP
+previous JJ I-NP
+government NN I-NP
+estimate NN I-NP
+pegged VBD B-VP
+savings NNS B-NP
+at IN B-PP
+around IN B-NP
+$ $ I-NP
+500 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+. . O
+
+Pemex NNP B-NP
+'s POS B-NP
+customers NNS I-NP
+also RB B-ADVP
+are VBP B-VP
+pleased VBN I-VP
+with IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+new JJ I-NP
+spirit NN I-NP
+. . O
+
+Grupo NNP B-NP
+Desc NNP I-NP
+, , O
+a DT B-NP
+big JJ I-NP
+conglomerate NN I-NP
+, , O
+has VBZ B-VP
+long RB I-VP
+depended VBN I-VP
+on IN B-PP
+Pemex NNP B-NP
+petrochemicals NNS I-NP
+to TO B-VP
+produce VB I-VP
+plastic NN B-NP
+packing VBG I-NP
+material NN I-NP
+. . O
+
+But CC O
+when WRB B-ADVP
+the DT B-NP
+Pemex NNP I-NP
+plant NN I-NP
+shut VBN B-VP
+down RB B-PRT
+for IN B-PP
+an DT B-NP
+annual JJ I-NP
+overhaul NN I-NP
+, , O
+it PRP B-NP
+would MD B-VP
+never RB I-VP
+give VB I-VP
+notice NN B-NP
+to TO B-PP
+its PRP$ B-NP
+customers NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+capriciousness NN I-NP
+would MD B-VP
+completely RB I-VP
+disrupt VB I-VP
+our PRP$ B-NP
+operations NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Ernesto NNP B-NP
+Vega NNP I-NP
+Velasco NNP I-NP
+, , O
+Desc NNP B-NP
+'s POS B-NP
+finance NN I-NP
+director NN I-NP
+. . O
+
+This DT B-NP
+year NN I-NP
+, , O
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+, , O
+Desc NNP B-NP
+and CC O
+other JJ B-NP
+customers NNS I-NP
+were VBD B-VP
+consulted VBN I-VP
+well RB B-ADVP
+in IN B-PP
+advance NN B-NP
+of IN B-PP
+the DT B-NP
+Pemex NNP I-NP
+plant NN I-NP
+'s POS B-NP
+shutdown NN I-NP
+to TO B-VP
+ensure VB I-VP
+minimal JJ B-NP
+inconvenience NN I-NP
+. . O
+
+Taming VBG B-VP
+the DT B-NP
+union NN I-NP
+complements VBZ B-VP
+previous JJ B-NP
+moves NNS I-NP
+by IN B-PP
+the DT B-NP
+government NN I-NP
+to TO B-VP
+attract VB I-VP
+private JJ B-NP
+investment NN I-NP
+in IN B-PP
+petrochemicals NNS B-NP
+, , O
+which WDT B-NP
+Mexico NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+forced VBN I-VP
+to TO I-VP
+import VB I-VP
+in IN B-PP
+large JJ B-NP
+quantities NNS I-NP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+. . O
+
+In IN B-PP
+May NNP B-NP
+, , O
+the DT B-NP
+government NN I-NP
+unveiled VBD B-VP
+new JJ B-NP
+foreign JJ I-NP
+investment NN I-NP
+regulations NNS I-NP
+that WDT B-NP
+create VBP B-VP
+special JJ B-NP
+trusts NNS I-NP
+allowing VBG B-VP
+foreigners NNS B-NP
+, , O
+long JJ B-VP
+limited JJ I-VP
+to TO B-PP
+a DT B-NP
+40 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+secondary JJ B-NP
+petrochemical NN I-NP
+companies NNS I-NP
+, , O
+to TO B-VP
+own VB I-VP
+up IN B-NP
+to TO I-NP
+100 CD I-NP
+% NN I-NP
+. . O
+
+Later RB B-ADVP
+, , O
+the DT B-NP
+government NN I-NP
+reclassified VBD B-VP
+several JJ B-NP
+basic JJ I-NP
+petrochemicals NNS I-NP
+as IN B-PP
+secondary JJ B-NP
+products NNS I-NP
+. . O
+
+But CC O
+Pemex NNP B-NP
+'s POS B-NP
+courtship NN I-NP
+with IN B-PP
+private JJ B-NP
+companies NNS I-NP
+, , O
+and CC O
+especially RB B-ADVP
+foreign JJ B-NP
+ones NNS I-NP
+, , O
+is VBZ B-VP
+controversial JJ B-ADJP
+in IN B-PP
+a DT B-NP
+country NN I-NP
+where WRB B-ADVP
+oil NN B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+symbol NN I-NP
+of IN B-PP
+national JJ B-NP
+sovereignty NN I-NP
+since IN B-SBAR
+foreign JJ B-NP
+oil NN I-NP
+holdings NNS I-NP
+were VBD B-VP
+nationalized VBN I-VP
+in IN B-PP
+1938 CD B-NP
+. . O
+
+`` `` O
+They PRP B-NP
+are VBP B-VP
+preparing VBG I-VP
+the DT B-NP
+workers NNS I-NP
+for IN B-PP
+what WP B-NP
+'s VBZ B-VP
+coming VBG I-VP
+: : O
+foreign JJ B-NP
+control NN I-NP
+, , O
+'' '' O
+wrote VBD B-VP
+Heberto NNP B-NP
+Castillo NNP I-NP
+, , O
+a DT B-NP
+leftist JJ I-NP
+leader NN I-NP
+. . O
+
+Mr. NNP B-NP
+Guzman NNP I-NP
+Cabrera NNP I-NP
+and CC O
+government NN B-NP
+officials NNS I-NP
+insist VBP B-VP
+that IN B-SBAR
+foreigners NNS B-NP
+will MD B-VP
+be VB I-VP
+limited JJ I-VP
+to TO B-PP
+investing VBG B-VP
+in IN B-PP
+secondary JJ B-NP
+petroleum NN I-NP
+products NNS I-NP
+. . O
+
+But CC O
+the DT B-NP
+new JJ I-NP
+union NN I-NP
+leader NN I-NP
+makes VBZ B-VP
+no DT B-NP
+apologies NNS I-NP
+for IN B-PP
+Pemex NNP B-NP
+'s POS B-NP
+more RBR B-ADJP
+outward-looking JJ I-ADJP
+attitude NN B-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+we PRP B-NP
+do VBP B-VP
+not RB I-VP
+integrate VB I-VP
+into IN B-PP
+this DT B-NP
+new JJ I-NP
+world NN I-NP
+of IN B-PP
+interdependence NN B-NP
+, , O
+sooner RBR B-ADVP
+or CC I-ADVP
+later RB I-ADVP
+we PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+become VB I-VP
+victims NNS B-NP
+of IN B-PP
+our PRP$ B-NP
+own JJ I-NP
+isolation NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Couple JJ B-NP
+Counseling NN I-NP
+Grows VBZ B-VP
+to TO B-VP
+Defuse VB I-VP
+Stress NN B-NP
+
+MORE JJR B-NP
+EXECUTIVES NNPS I-NP
+and CC I-NP
+their PRP$ I-NP
+spouses NNS I-NP
+are VBP B-VP
+seeking VBG I-VP
+counseling NN B-NP
+as IN B-SBAR
+work NN B-NP
+and CC I-NP
+family NN I-NP
+pressures NNS I-NP
+mount VBP B-VP
+. . O
+
+Some DT B-NP
+employers NNS I-NP
+initiate VBP B-VP
+referrals NNS B-NP
+, , O
+especially RB B-ADVP
+if IN B-SBAR
+work NN B-NP
+problems NNS I-NP
+threaten VBP B-VP
+a DT B-NP
+top JJ I-NP
+manager NN I-NP
+'s POS B-NP
+job NN I-NP
+. . O
+
+Many JJ B-NP
+couples NNS I-NP
+`` `` O
+are VBP B-VP
+like IN B-PP
+ships NNS B-NP
+passing VBG B-VP
+in IN B-PP
+the DT B-NP
+night NN I-NP
+, , O
+'' '' O
+a DT B-NP
+communications NNS I-NP
+gulf NN I-NP
+that WDT B-NP
+sparks VBZ B-VP
+problems NNS B-NP
+on IN B-PP
+the DT B-NP
+job NN I-NP
+and CC B-PP
+at IN B-PP
+home NN B-NP
+, , O
+says VBZ B-VP
+psychologist NN B-NP
+Harry NNP I-NP
+Levinson NNP I-NP
+. . O
+
+His PRP$ B-NP
+Levinson NNP I-NP
+Institute NNP I-NP
+in IN B-PP
+Belmont NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+has VBZ B-VP
+seen VBN I-VP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+a DT B-NP
+doubling NN I-NP
+in IN B-PP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+executives NNS B-NP
+and CC I-NP
+spouses NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+weeklong JJ I-NP
+counseling NN I-NP
+program NN I-NP
+. . O
+
+Employers NNS B-NP
+foot VBP B-VP
+the DT B-NP
+bill NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+, , O
+figuring VBG B-VP
+what WP B-NP
+'s VBZ B-VP
+good JJ B-ADJP
+for IN B-PP
+the DT B-NP
+couple NN I-NP
+is VBZ B-VP
+good JJ B-ADJP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+. . O
+
+One CD B-NP
+East NNP I-NP
+Coast NNP I-NP
+manufacturing NN I-NP
+executive NN I-NP
+, , O
+faced VBN B-VP
+with IN B-PP
+a DT B-NP
+job NN I-NP
+transfer VB I-NP
+his PRP$ B-NP
+wife NN I-NP
+resented VBD B-VP
+, , O
+found VBD B-VP
+that DT B-SBAR
+counseling NN B-NP
+helped VBD B-VP
+them PRP B-NP
+both DT O
+come JJ B-VP
+to TO B-PP
+grips NNS B-NP
+with IN B-PP
+the DT B-NP
+move NN I-NP
+. . O
+
+And CC O
+the DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+a DT B-NP
+large JJ I-NP
+Midwestern JJ I-NP
+company NN I-NP
+realized VBD B-VP
+that IN B-SBAR
+an DT B-NP
+abrasive JJ I-NP
+temperament NN I-NP
+threatened VBD B-VP
+his PRP$ B-NP
+career NN I-NP
+when WRB B-ADVP
+his PRP$ B-NP
+wife NN I-NP
+confided VBD B-VP
+that IN O
+similar JJ B-NP
+behavior NN I-NP
+at IN B-PP
+home NN B-NP
+harmed VBD B-VP
+their PRP$ B-NP
+marriage NN I-NP
+. . O
+
+More RBR B-NP
+dual-career JJ I-NP
+couples NNS I-NP
+also RB B-ADVP
+are VBP B-VP
+getting VBG I-VP
+help VB B-NP
+, , O
+with IN B-PP
+men NNS B-NP
+increasingly RB B-ADVP
+bringing VBG B-VP
+their PRP$ B-NP
+working NN I-NP
+wives NNS I-NP
+for IN B-PP
+joint JJ B-NP
+counseling NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+level NN I-NP
+of IN B-PP
+stress NN B-NP
+for IN B-PP
+a DT B-NP
+woman NN I-NP
+is VBZ B-VP
+often RB B-ADVP
+so RB B-ADJP
+high JJ I-ADJP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+the DT B-NP
+husband NN I-NP
+who WP B-NP
+says VBZ B-VP
+, , O
+` `` O
+I PRP B-NP
+'m VBP B-VP
+worried VBN B-ADJP
+about IN B-PP
+her PRP$ B-NP
+, , O
+' '' O
+'' '' O
+says VBZ B-VP
+psychologist NN B-NP
+Marjorie NNP I-NP
+Hansen NNP I-NP
+Shaevitz NNP I-NP
+. . O
+
+Her PRP$ B-NP
+Institute NNP I-NP
+for IN B-PP
+Family NNP B-NP
+and CC I-NP
+Work NN I-NP
+Relationships NNPS I-NP
+in IN B-PP
+La NNP B-NP
+Jolla NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+has VBZ B-VP
+noted VBN I-VP
+a DT B-NP
+doubling NN I-NP
+in IN B-PP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+couples NNS B-NP
+seeking VBG B-VP
+help VB B-NP
+the DT B-NP
+past JJ I-NP
+two CD I-NP
+years NNS I-NP
+. . O
+
+`` `` O
+No DT B-ADVP
+matter NN I-ADVP
+how WRB B-ADJP
+competent JJ I-ADJP
+and CC I-ADJP
+smart JJ I-ADJP
+you PRP B-NP
+both DT O
+are VBP B-VP
+, , O
+the DT B-NP
+relationship NN I-NP
+almost RB B-ADVP
+certainly RB I-ADVP
+will MD B-VP
+erode VB I-VP
+if IN B-SBAR
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+time NN B-NP
+to TO B-VP
+talk VB I-VP
+, , O
+to TO B-VP
+have VB I-VP
+fun NN B-NP
+and CC O
+to TO B-VP
+be VB I-VP
+sexual JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Ms. NNP B-NP
+Shaevitz NNP I-NP
+. . O
+
+She PRP B-NP
+urges VBZ B-VP
+client NN B-NP
+couples NNS I-NP
+to TO B-VP
+begin VB I-VP
+a DT B-NP
+`` `` I-NP
+detoxification NN I-NP
+'' '' I-NP
+period NN I-NP
+, , O
+purging VBG B-VP
+social JJ B-NP
+and CC I-NP
+other JJ I-NP
+nonproductive JJ I-NP
+activities NNS I-NP
+and CC O
+setting VBG B-VP
+time NN B-NP
+apart RB B-ADVP
+for IN B-PP
+themselves PRP B-NP
+. . O
+
+`` `` O
+Putting VBG B-VP
+those DT B-NP
+times NNS I-NP
+on IN B-PP
+the DT B-NP
+calendar NN I-NP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+is VBZ B-VP
+as RB B-ADJP
+important JJ I-ADJP
+as IN B-PP
+remembering VBG B-VP
+business NN B-NP
+appointments NNS I-NP
+. . O
+'' '' O
+
+Power NNP B-NP
+of IN B-PP
+Suggestion NNP B-NP
+Stronger JJR B-ADJP
+in IN B-PP
+Japan NNP B-NP
+
+HERE NNP B-ADVP
+'S VBZ B-VP
+ONE CD B-NP
+more JJR I-NP
+explanation NN I-NP
+for IN B-PP
+why WRB B-ADVP
+Japan NNP B-NP
+is VBZ B-VP
+a DT B-NP
+tough JJ I-NP
+industrial JJ I-NP
+competitor NN I-NP
+: : O
+Two CD B-NP
+of IN I-NP
+three CD I-NP
+Japanese JJ I-NP
+employees NNS I-NP
+submit VBP B-VP
+suggestions NNS B-NP
+to TO B-VP
+save VB I-VP
+money NN B-NP
+, , O
+increase NN B-VP
+efficiency NN B-NP
+and CC O
+boost VB B-VP
+morale NN B-NP
+, , O
+while IN B-SBAR
+only RB B-NP
+8 CD I-NP
+% NN I-NP
+of IN B-PP
+American JJ B-NP
+workers NNS I-NP
+do VBP B-VP
+. . O
+
+And CC O
+the DT B-NP
+Japanese JJ I-NP
+make NN B-VP
+far RB B-NP
+more JJR I-NP
+suggestions NNS I-NP
+-- : O
+2,472 CD B-NP
+per IN B-PP
+100 CD B-NP
+eligible JJ I-NP
+employees NNS I-NP
+vs. IN O
+only RB B-NP
+13 CD I-NP
+per IN B-PP
+100 CD B-NP
+employees NNS I-NP
+in IN B-PP
+the DT O
+
+Data NNS B-NP
+for IN B-PP
+1987 CD B-NP
+from IN B-PP
+the DT B-NP
+National NNP I-NP
+Association NNP I-NP
+of IN B-PP
+Suggestion NNP B-NP
+Systems NNPS I-NP
+and CC O
+the DT B-NP
+Japan NNP I-NP
+Human NNP I-NP
+Relations NNP I-NP
+Association NNP I-NP
+also RB B-ADVP
+indicate VB B-VP
+that IN B-SBAR
+Japanese JJ B-NP
+employers NNS I-NP
+adopt VBP B-VP
+four CD B-NP
+of IN I-NP
+five CD I-NP
+suggestions NNS I-NP
+, , O
+while IN B-SBAR
+their PRP$ B-NP
+U.S. NNP I-NP
+counterparts NNS I-NP
+accept VBP B-VP
+just RB B-NP
+one CD I-NP
+in IN I-NP
+four CD I-NP
+. . O
+
+In IN B-PP
+Japan NNP B-NP
+, , O
+small JJ B-NP
+suggestions NNS I-NP
+are VBP B-VP
+encouraged VBN I-VP
+. . O
+
+Each DT B-NP
+new JJ I-NP
+employee NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+submit VB I-VP
+four CD B-NP
+daily JJ B-ADVP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+few JJ I-NP
+months NNS I-NP
+on IN B-PP
+the DT B-NP
+job NN I-NP
+. . O
+
+U.S. NNP B-NP
+companies NNS I-NP
+tend VBP B-VP
+to TO I-VP
+favor VB I-VP
+suggestions NNS B-NP
+`` `` O
+that WDT B-NP
+go VBP B-VP
+for IN B-PP
+the DT B-NP
+home NN I-NP
+runs VBZ I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Gary NNP B-NP
+Floss NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+of IN B-PP
+corporate JJ B-NP
+quality NN I-NP
+at IN B-PP
+Control NNP B-NP
+Data NNP I-NP
+Corp NNP I-NP
+. . O
+
+That DT B-NP
+helps VBZ B-VP
+explain VB I-VP
+why WRB B-ADVP
+American JJ B-NP
+employers NNS I-NP
+grant VBP B-VP
+an DT B-NP
+average JJ I-NP
+award NN I-NP
+of IN B-PP
+$ $ B-NP
+604.72 CD I-NP
+per IN B-PP
+suggestion NN B-NP
+, , O
+while IN B-SBAR
+Japan NNP B-NP
+'s POS B-NP
+payment NN I-NP
+is VBZ B-VP
+$ $ B-NP
+3.23 CD I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+suggestions NNS B-NP
+' POS B-NP
+net JJ I-NP
+savings NNS I-NP
+per IN B-PP
+100 CD B-NP
+employees NNS I-NP
+is VBZ B-VP
+$ $ B-NP
+274,475 CD I-NP
+in IN B-PP
+Japan NNP B-NP
+vs. IN O
+$ $ B-NP
+24,891 CD I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+U.S. NNP B-NP
+companies NNS I-NP
+developing VBG B-VP
+management NN B-NP
+teams NNS I-NP
+are VBP B-VP
+wrestling VBG I-VP
+with IN B-PP
+how WRB B-ADVP
+to TO B-VP
+handle VB I-VP
+individual JJ B-NP
+suggestion NN I-NP
+systems NNS I-NP
+. . O
+
+Control NNP B-NP
+Data NNP I-NP
+, , O
+for IN B-PP
+one CD B-NP
+, , O
+plays VBZ B-VP
+down RB B-PRT
+its PRP$ B-NP
+employee NN I-NP
+suggestion NN I-NP
+program NN I-NP
+because IN B-SBAR
+it PRP B-NP
+favors VBZ B-VP
+the DT B-NP
+team-management NN I-NP
+focus NN I-NP
+. . O
+
+Merger NNP B-NP
+Fallout NNP I-NP
+: : O
+Beware VB B-VP
+Employee NNP B-NP
+Dishonesty NN I-NP
+
+CORPORATE JJ B-NP
+security NN I-NP
+directors NNS I-NP
+increasingly RB B-ADVP
+worry VBP B-VP
+that DT O
+merger NN B-NP
+mania NN I-NP
+spawns VBZ B-VP
+a DT B-NP
+rise NN I-NP
+in IN B-PP
+employee NN B-NP
+dishonesty NN I-NP
+. . O
+
+A DT B-NP
+Security NNP I-NP
+magazine NN I-NP
+survey NN I-NP
+places VBZ B-VP
+the DT B-NP
+effect NN I-NP
+of IN B-PP
+takeovers NNS B-NP
+and CC I-NP
+buy-outs NNS I-NP
+among IN B-PP
+the DT B-NP
+industry NN I-NP
+'s POS B-NP
+10 CD I-NP
+biggest JJS I-NP
+challenges NNS I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+it PRP B-NP
+causes VBZ B-VP
+management NN B-NP
+to TO B-VP
+take VB I-VP
+their PRP$ B-NP
+eye NN I-NP
+off IN B-PP
+the DT B-NP
+ball NN I-NP
+, , O
+inventory NN B-NP
+shrinkage NN I-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+affected VBN I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Lewis NNP B-NP
+Shealy NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+for IN B-PP
+loss NN B-NP
+prevention NN I-NP
+at IN B-PP
+Marshall NNP B-NP
+Field NNP I-NP
+'s POS B-NP
+, , O
+the DT B-NP
+department NN I-NP
+store NN I-NP
+chain NN I-NP
+. . O
+
+A DT B-NP
+separate JJ I-NP
+study NN I-NP
+of IN B-PP
+the DT B-NP
+extent NN I-NP
+of IN B-PP
+employee NN B-NP
+misconduct NN I-NP
+linked VBD B-VP
+general JJ B-NP
+job NN I-NP
+satisfaction NN I-NP
+to TO B-PP
+property NN B-NP
+loss NN I-NP
+. . O
+
+Co-author NN B-NP
+Richard NNP I-NP
+Hollinger NNP I-NP
+cites VBZ B-VP
+what WP B-NP
+happened VBD B-VP
+at IN B-PP
+one CD B-NP
+family-owned JJ I-NP
+company NN I-NP
+absorbed VBN B-VP
+by IN B-PP
+a DT B-NP
+foreign JJ I-NP
+giant NN I-NP
+. . O
+
+Pilferage NN B-NP
+climbed VBD B-VP
+dramatically RB B-ADVP
+as IN B-SBAR
+many JJ B-NP
+angry JJ I-NP
+employees NNS I-NP
+`` `` O
+felt VBD B-VP
+abandoned VBN B-ADJP
+by IN B-PP
+the DT B-NP
+former JJ I-NP
+owners NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+the DT O
+University NNP O
+of IN B-PP
+Florida NNP B-NP
+sociologist NN B-NP
+. . O
+
+But CC O
+top JJ B-NP
+management NN I-NP
+should MD B-VP
+watch VB I-VP
+for IN B-PP
+other JJ B-NP
+tell-tale JJ I-NP
+signs NNS I-NP
+of IN B-PP
+employee NN B-NP
+misdeeds NNS I-NP
+, , O
+like IN B-PP
+expense-account NN B-NP
+fudging NN I-NP
+and CC O
+phone NN B-NP
+misuse NN I-NP
+. . O
+
+Security NN B-NP
+consultant NN I-NP
+Dennis NNP I-NP
+Dalton NNP I-NP
+of IN B-PP
+Ventura NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+thinks VBZ B-VP
+mergers NNS B-NP
+often RB B-ADVP
+trigger VBP B-VP
+longer RB B-NP
+lunch NN I-NP
+hours NNS I-NP
+and CC O
+increased VBN B-NP
+absenteeism NN I-NP
+, , O
+conduct NN B-NP
+which WDT B-NP
+can MD B-VP
+sap VB I-VP
+the DT B-NP
+bottom NN I-NP
+line NN I-NP
+more JJR B-ADVP
+than IN B-PP
+thefts NNS B-NP
+. . O
+
+New JJ B-NP
+management NN I-NP
+can MD B-VP
+take VB I-VP
+several JJ B-NP
+steps NNS I-NP
+to TO B-VP
+reduce VB I-VP
+dishonesty NN B-NP
+. . O
+
+Most JJS B-ADJP
+important JJ I-ADJP
+, , O
+experts NNS B-NP
+say VBP B-VP
+, , O
+is VBZ B-VP
+to TO B-VP
+show VB I-VP
+that IN B-SBAR
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+ethical JJ I-NP
+tone NN I-NP
+is VBZ B-VP
+set VBN I-VP
+at IN B-PP
+the DT B-NP
+top NN I-NP
+. . O
+
+Mr. NNP B-NP
+Dalton NNP I-NP
+also RB B-ADVP
+recommends VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+chief JJ I-NP
+executive NN I-NP
+establish VB B-VP
+a DT B-NP
+rumor NN I-NP
+control NN I-NP
+center NN I-NP
+and CC O
+move NN B-VP
+swiftly RB B-ADVP
+to TO B-VP
+bolster VB I-VP
+morale NN B-NP
+. . O
+
+Consultant NNP B-NP
+John NNP I-NP
+Keller NNP I-NP
+of IN B-PP
+Southlake NNP B-NP
+, , O
+Texas NNP B-NP
+, , O
+urges VBZ B-VP
+that IN B-SBAR
+top JJ B-NP
+management NN I-NP
+adopt VB B-VP
+a DT B-NP
+`` `` I-NP
+tough JJ I-NP
+hands-on JJ I-NP
+approach NN I-NP
+'' '' O
+with IN B-PP
+very RB B-NP
+tight JJ I-NP
+controls NNS I-NP
+and CC I-NP
+monitoring NN I-NP
+. . O
+
+And CC O
+security NN B-NP
+authority NN I-NP
+Robert NNP I-NP
+L. NNP I-NP
+Duston NNP I-NP
+favors VBZ B-VP
+disciplining VBG I-VP
+all DT B-NP
+employees NNS I-NP
+who WP B-NP
+cheat VBP B-VP
+. . O
+
+Firms NNS B-NP
+Walk VBP B-VP
+Fine NNP B-NP
+Line NNP I-NP
+In IN B-PP
+Distributing VBG B-VP
+Profits NNS B-NP
+
+ARE VBP O
+CORPORATE JJ B-NP
+profits NNS I-NP
+distributed VBN B-VP
+fairly RB B-ADVP
+? . O
+
+A DT B-NP
+survey NN I-NP
+by IN B-PP
+Sirota NNP B-NP
+, , I-NP
+Alper NNP I-NP
+& CC I-NP
+Pfau NNP I-NP
+, , O
+a DT B-NP
+New NNP I-NP
+York NNP I-NP
+consulting NN I-NP
+firm NN I-NP
+, , O
+underscores VBZ B-VP
+the DT B-NP
+difficulty NN I-NP
+for IN B-PP
+top JJ B-NP
+management NN I-NP
+in IN B-PP
+satisfying JJ B-VP
+employees NNS B-NP
+and CC I-NP
+investors NNS I-NP
+on IN B-PP
+that DT B-NP
+score NN I-NP
+. . O
+
+Nearly RB B-NP
+seven CD I-NP
+of IN I-NP
+10 CD I-NP
+investors NNS I-NP
+think VBP B-VP
+companies NNS B-NP
+reinvest VBP B-VP
+`` `` O
+too RB B-NP
+little JJ I-NP
+'' '' O
+of IN B-PP
+their PRP$ B-NP
+profits NNS I-NP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+. . O
+
+And CC O
+half PDT B-NP
+the DT I-NP
+employees NNS I-NP
+surveyed VBN B-VP
+think VBP B-VP
+companies NNS B-NP
+dole VBP B-VP
+out IN B-PRT
+too RB B-NP
+little JJ I-NP
+to TO B-PP
+them PRP B-NP
+. . O
+
+But CC O
+both DT B-NP
+see VB B-VP
+a DT B-NP
+common JJ I-NP
+enemy NN I-NP
+: : O
+About IN B-NP
+66 CD I-NP
+% NN I-NP
+of IN B-PP
+employees NNS B-NP
+and CC O
+73 CD B-NP
+% NN I-NP
+of IN B-PP
+investors NNS B-NP
+think VBP B-VP
+senior JJ B-NP
+managers NNS I-NP
+get VBP B-VP
+too RB B-NP
+big JJ I-NP
+a DT I-NP
+slice NN I-NP
+of IN B-PP
+the DT B-NP
+profit NN I-NP
+pie NN I-NP
+. . O
+
+Bank NNP B-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+agreed VBD B-VP
+in IN B-PP
+principle NN B-NP
+to TO B-VP
+acquire VB I-VP
+the DT B-NP
+credit-card NN I-NP
+business NN I-NP
+of IN B-PP
+Houston-based NNP B-NP
+First NNP I-NP
+City NNP I-NP
+Bancorp. NNP I-NP
+of IN B-PP
+Texas NNP B-NP
+for IN B-PP
+between IN B-NP
+$ $ I-NP
+130 CD I-NP
+million CD I-NP
+and CC I-NP
+$ $ I-NP
+134 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+, , O
+subject NN B-ADJP
+to TO B-PP
+a DT B-NP
+definitive JJ I-NP
+agreement NN I-NP
+, , O
+is VBZ B-VP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+trend NN I-NP
+by IN B-PP
+big-city JJ B-NP
+banks NNS I-NP
+that WDT B-NP
+have VBP B-VP
+been VBN I-VP
+buying VBG I-VP
+up IN B-PRT
+credit-card NN B-NP
+portfolios NNS I-NP
+to TO B-VP
+expand VB I-VP
+their PRP$ B-NP
+business NN I-NP
+. . O
+
+Just RB B-NP
+last JJ I-NP
+month NN I-NP
+, , O
+a DT O
+Bank NNP O
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+subsidiary NN B-NP
+agreed VBD B-VP
+to TO I-VP
+buy VB I-VP
+the DT B-NP
+credit-card NN I-NP
+operation NN I-NP
+of IN B-PP
+Dreyfus NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+Dreyfus NNP I-NP
+Consumer NNP I-NP
+Bank NNP I-NP
+for IN B-PP
+$ $ B-NP
+168 CD I-NP
+million CD I-NP
+, , O
+a DT B-NP
+transaction NN I-NP
+that WDT B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+completed VBN I-VP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+First NNP B-NP
+City NNP I-NP
+'s POS B-NP
+portfolio NN I-NP
+includes VBZ B-VP
+approximately RB B-NP
+640,000 CD I-NP
+accounts NNS I-NP
+with IN B-PP
+about RB B-NP
+$ $ I-NP
+550 CD I-NP
+million CD I-NP
+in IN B-PP
+loans NNS B-NP
+outstanding JJ B-ADJP
+. . O
+
+First NNP B-NP
+City NNP I-NP
+, , O
+which WDT B-NP
+issues VBZ B-VP
+both DT B-NP
+MasterCard NNP I-NP
+and CC I-NP
+Visa NNP I-NP
+cards NNS I-NP
+, , O
+has VBZ B-VP
+agreed VBN I-VP
+to TO I-VP
+act VB I-VP
+as IN B-PP
+an DT B-NP
+agent NN I-NP
+bank NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+Bank NNP B-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+'s POS B-NP
+credit-card NN I-NP
+business NN I-NP
+consisted VBD B-VP
+of IN B-PP
+2.4 CD B-NP
+million CD I-NP
+accounts NNS I-NP
+with IN B-PP
+$ $ B-NP
+3.6 CD I-NP
+billion CD I-NP
+in IN B-PP
+loans NNS B-NP
+outstanding JJ B-ADJP
+. . O
+
+Bank NNP B-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+is VBZ B-VP
+currently RB B-ADVP
+the DT B-NP
+seventh-largest JJ I-NP
+issuer NN I-NP
+of IN B-PP
+credit NN B-NP
+cards NNS I-NP
+in IN B-PP
+the DT O
+
+First NNP B-NP
+City NNP I-NP
+said VBD B-VP
+that IN B-SBAR
+because IN B-PP
+of IN I-PP
+increased VBN B-NP
+competition NN I-NP
+in IN B-PP
+the DT B-NP
+credit-card NN I-NP
+business NN I-NP
+, , O
+it PRP B-NP
+had VBD B-VP
+decided VBN I-VP
+it PRP B-NP
+either DT B-VP
+had VBD I-VP
+to TO I-VP
+expand VB I-VP
+its PRP$ B-NP
+own JJ I-NP
+holdings NNS I-NP
+substantially RB B-ADVP
+or CC O
+sell VB B-VP
+them PRP B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+think VBP B-VP
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+good JJ I-NP
+prospect NN I-NP
+that DT O
+competition NN B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+get VB I-VP
+pretty RB B-ADJP
+fierce JJ I-ADJP
+in IN B-PP
+this DT B-NP
+market NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+James NNP B-NP
+E. NNP I-NP
+Day NNP I-NP
+, , O
+a DT B-NP
+First NNP I-NP
+City NNP I-NP
+vice NN I-NP
+president NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+see VBP B-VP
+it PRP B-NP
+becoming VBG B-VP
+a DT B-NP
+bargain-basement JJ I-NP
+kind NN I-NP
+of IN B-PP
+business NN B-NP
+. . O
+'' '' O
+
+The DT B-NP
+company NN I-NP
+estimated VBN B-VP
+that IN B-SBAR
+the DT B-NP
+transaction NN I-NP
+would MD B-VP
+enhance VB I-VP
+its PRP$ B-NP
+book NN I-NP
+value NN I-NP
+, , O
+which WDT B-NP
+stood VBD B-VP
+at IN B-PP
+$ $ B-NP
+28.55 CD I-NP
+a DT B-NP
+share NN I-NP
+on IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+by IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+, , O
+or CC O
+about RB B-NP
+$ $ I-NP
+4 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+also RB B-ADVP
+said VBD B-VP
+the DT B-NP
+transaction NN I-NP
+would MD B-VP
+bolster VB I-VP
+after-tax JJ B-NP
+earnings NNS I-NP
+by IN B-PP
+$ $ B-NP
+3.25 CD I-NP
+a DT B-NP
+share NN I-NP
+when WRB B-ADVP
+completed VBN B-VP
+and CC O
+boost VB B-VP
+its PRP$ B-NP
+primary JJ I-NP
+capital NN I-NP
+ratio NN I-NP
+to TO B-PP
+7 CD B-NP
+% NN I-NP
+from IN B-PP
+6.63 CD B-NP
+% NN I-NP
+. . O
+
+First NNP B-NP
+City NNP I-NP
+, , O
+which WDT B-NP
+recently RB B-ADVP
+purchased VBN B-VP
+three CD B-NP
+small JJ I-NP
+Texas NNP I-NP
+banking NN I-NP
+concerns NNS I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+use VB I-VP
+the DT B-NP
+proceeds NNS I-NP
+to TO B-VP
+pursue VB I-VP
+additional JJ B-NP
+expansion NN I-NP
+opportunities NNS I-NP
+in IN B-PP
+the DT B-NP
+Southwest NNP I-NP
+and CC O
+elsewhere RB B-ADVP
+. . O
+
+With IN B-SBAR
+that DT B-NP
+possibility NN I-NP
+in IN B-PP
+mind NN B-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+the DT B-NP
+transaction NN I-NP
+was VBD B-VP
+a DT B-NP
+positive JJ I-NP
+move NN I-NP
+for IN B-PP
+First NNP B-NP
+City NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+they PRP B-NP
+'ll MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+move VB I-VP
+faster RBR B-ADVP
+to TO B-VP
+make VB I-VP
+acquisitions NNS B-NP
+in IN B-PP
+Texas NNP B-NP
+, , O
+'' '' O
+said VBD B-VP
+Brent NNP B-NP
+Erensel NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Donaldson NNP B-NP
+, , I-NP
+Lufkin NNP I-NP
+& CC I-NP
+Jenrette NNP I-NP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+something NN B-NP
+they PRP B-NP
+can MD B-VP
+do VB I-VP
+very RB B-ADVP
+well RB I-ADVP
+. . O
+
+British JJ B-NP
+Airways NNP I-NP
+PLC NNP I-NP
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+seeking VBG I-VP
+improved VBN B-NP
+terms NNS I-NP
+and CC O
+a DT B-NP
+sharply RB I-NP
+lower JJR I-NP
+price NN I-NP
+in IN B-PP
+any DT B-NP
+revised VBN I-NP
+bid NN I-NP
+for IN B-PP
+United NNP B-NP
+Airlines NNPS I-NP
+parent NN I-NP
+UAL NNP B-NP
+Corp. NNP I-NP
+following VBG B-PP
+the DT B-NP
+collapse NN I-NP
+of IN B-PP
+a DT B-NP
+$ $ I-NP
+6.79 CD I-NP
+billion CD I-NP
+, , I-NP
+$ $ I-NP
+300-a-share JJ I-NP
+buy-out NN I-NP
+bid NN I-NP
+. . O
+
+Derek NNP B-NP
+Stevens NNP I-NP
+, , O
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+chief JJ I-NP
+financial JJ I-NP
+officer NN I-NP
+, , O
+told VBD B-VP
+Dow NNP B-NP
+Jones NNP I-NP
+Professional NNP I-NP
+Investor NNP I-NP
+Report NNP I-NP
+a DT B-NP
+price NN I-NP
+of IN B-PP
+$ $ B-NP
+230 CD I-NP
+a DT B-NP
+share NN I-NP
+is VBZ B-VP
+`` `` O
+certainly RB B-ADVP
+not RB O
+too RB B-ADJP
+low JJ I-ADJP
+, , O
+'' '' O
+and CC O
+indicated VBD B-VP
+his PRP$ B-NP
+company NN I-NP
+would MD B-VP
+like VB I-VP
+to TO I-VP
+reduce VB I-VP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+its PRP$ B-NP
+$ $ I-NP
+750 CD I-NP
+million CD I-NP
+cash NN I-NP
+investment NN I-NP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+the DT B-NP
+airline NN I-NP
+is VBZ B-VP
+n't RB I-VP
+committed VBN I-VP
+to TO B-PP
+going VBG B-VP
+forward RB B-ADVP
+with IN B-PP
+any DT B-NP
+new JJ I-NP
+bid NN I-NP
+, , O
+and CC O
+has VBZ B-VP
+n't RB I-VP
+participated VBN I-VP
+in IN B-PP
+bankers NNS B-NP
+' POS B-NP
+efforts NNS I-NP
+to TO B-VP
+revive VB I-VP
+the DT B-NP
+transaction NN I-NP
+that WDT B-NP
+collapsed VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+in IN B-PP
+no DT B-NP
+way NN I-NP
+committed VBN B-VP
+to TO B-PP
+a DT B-NP
+deal NN I-NP
+going VBG B-VP
+through IN B-ADVP
+at IN B-ADVP
+all DT I-ADVP
+. . O
+
+We PRP B-NP
+'re VBP B-VP
+not RB I-VP
+rushing VBG I-VP
+into IN B-PP
+anything NN B-NP
+. . O
+
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+be VB I-VP
+party NN B-NP
+to TO B-PP
+a DT B-NP
+second JJ I-NP
+rejection NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+coming VBG B-VP
+up IN B-PRT
+with IN B-PP
+a DT B-NP
+revised VBN I-NP
+offer NN I-NP
+could MD B-VP
+easily RB I-VP
+take VB I-VP
+several JJ B-NP
+weeks NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Stevens NNP I-NP
+'s POS B-NP
+remarks NNS I-NP
+, , O
+confirming VBG B-VP
+a DT B-NP
+report NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+that IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+wants VBZ B-VP
+to TO I-VP
+start VB I-VP
+from IN B-PP
+scratch NN B-NP
+in IN B-PP
+any DT B-NP
+new JJ I-NP
+bid NN I-NP
+for IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+second-largest JJ I-NP
+airline NN I-NP
+, , O
+helped VBD B-VP
+push VB I-VP
+UAL NNP B-NP
+stock NN I-NP
+lower JJR B-ADVP
+for IN B-PP
+the DT B-NP
+fourth JJ I-NP
+straight JJ I-NP
+day NN I-NP
+. . O
+
+UAL NNP B-NP
+fell VBD B-VP
+$ $ B-NP
+6.25 CD I-NP
+a DT B-NP
+share NN I-NP
+to TO B-PP
+$ $ B-NP
+191.75 CD I-NP
+on IN B-PP
+volume NN B-NP
+of IN B-PP
+2.3 CD B-NP
+million CD I-NP
+shares NNS I-NP
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+as IN B-SBAR
+concern NN B-NP
+deepened VBD B-VP
+among IN B-PP
+takeover NN B-NP
+stock NN I-NP
+traders NNS I-NP
+about IN B-PP
+the DT B-NP
+length NN I-NP
+of IN B-PP
+time NN B-NP
+it PRP B-NP
+will MD B-VP
+take VB I-VP
+to TO B-VP
+revive VB I-VP
+the DT B-NP
+purchase NN I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+original JJ I-NP
+buy-out NN I-NP
+approved VBN B-VP
+by IN B-PP
+the DT B-NP
+UAL NNP I-NP
+board NN I-NP
+Sept. NNP B-NP
+14 CD I-NP
+, , O
+UAL NNP B-NP
+'s POS B-NP
+pilots NNS I-NP
+planned VBN B-VP
+to TO I-VP
+put VB I-VP
+up IN B-PRT
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+in IN B-PP
+cash NN B-NP
+and CC O
+make VB B-VP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+in IN B-PP
+annual JJ B-NP
+cost NN I-NP
+concessions NNS I-NP
+for IN B-PP
+a DT B-NP
+75 CD I-NP
+% NN I-NP
+stake NN I-NP
+. . O
+
+UAL NNP B-NP
+management NN I-NP
+was VBD B-VP
+to TO I-VP
+pay VB I-VP
+$ $ B-NP
+15 CD I-NP
+million CD I-NP
+for IN B-PP
+10 CD B-NP
+% NN I-NP
+, , O
+and CC O
+British NNP B-NP
+Air NNP I-NP
+was VBD B-VP
+to TO I-VP
+receive VB I-VP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+stake NN I-NP
+. . O
+
+The DT B-NP
+buy-out NN I-NP
+fell VBD B-VP
+through IN B-ADVP
+when WRB B-ADVP
+Citicorp NNP B-NP
+and CC O
+Chase NNP B-NP
+Manhattan NNP I-NP
+Corp. NNP I-NP
+unexpectedly RB B-ADVP
+failed VBD B-VP
+to TO I-VP
+obtain VB I-VP
+bank NN B-NP
+financing NN I-NP
+. . O
+
+Since IN B-PP
+then RB B-NP
+, , O
+UAL NNP B-NP
+stock NN I-NP
+has VBZ B-VP
+fallen VBN I-VP
+33 CD B-NP
+% NN I-NP
+in IN B-PP
+what WP B-NP
+may MD B-VP
+rank VB I-VP
+as IN B-PP
+the DT B-NP
+largest JJS I-NP
+collapse NN I-NP
+of IN B-PP
+a DT B-NP
+takeover NN I-NP
+stock NN I-NP
+ever RB B-ADVP
+. . O
+
+The DT B-NP
+tenor NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Stevens NNP I-NP
+'s POS B-NP
+remarks NNS I-NP
+seemed VBD B-VP
+to TO I-VP
+indicate VB I-VP
+that IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+will MD B-VP
+take VB I-VP
+a DT B-NP
+more RBR I-NP
+active JJ I-NP
+, , I-NP
+high-profile JJ I-NP
+role NN I-NP
+in IN B-PP
+pursuing VBG B-VP
+any DT B-NP
+new JJ I-NP
+bid NN I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+he PRP B-NP
+believes VBZ B-VP
+UAL NNP B-NP
+management NN I-NP
+was VBD B-VP
+badly RB I-VP
+advised VBN I-VP
+on IN B-PP
+the DT B-NP
+funding NN I-NP
+of IN B-PP
+its PRP$ B-NP
+original JJ I-NP
+transaction NN I-NP
+. . O
+
+Mr. NNP B-NP
+Stevens NNP I-NP
+said VBD B-VP
+British NNP B-NP
+Air NNP I-NP
+has VBZ B-VP
+n't RB I-VP
+received VBN I-VP
+any DT B-NP
+new JJ I-NP
+buy-out NN I-NP
+proposals NNS I-NP
+from IN B-PP
+the DT B-NP
+labor-management JJ I-NP
+group NN I-NP
+, , O
+led VBN B-VP
+by IN B-PP
+UAL NNP B-NP
+Chairman NNP I-NP
+Stephen NNP I-NP
+Wolf NNP I-NP
+, , O
+and CC O
+has VBZ B-VP
+n't RB I-VP
+received VBN I-VP
+any DT B-NP
+indication NN I-NP
+of IN B-PP
+when WRB B-ADVP
+one PRP B-NP
+might MD B-VP
+be VB I-VP
+forthcoming JJ B-ADJP
+. . O
+
+`` `` O
+As RB B-ADVP
+far RB I-ADVP
+as IN B-SBAR
+we PRP B-NP
+'re VBP B-VP
+concerned VBN B-ADJP
+, , O
+we PRP B-NP
+'re VBP B-VP
+waiting VBG I-VP
+for IN B-SBAR
+the DT B-NP
+dust NN I-NP
+to TO B-VP
+settle VB I-VP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Although IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+is VBZ B-VP
+waiting VBG I-VP
+to TO I-VP
+see VB I-VP
+what WP B-NP
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+comes VBZ B-VP
+up IN B-PRT
+with IN B-PP
+, , O
+Mr. NNP B-NP
+Stevens NNP I-NP
+said VBD B-VP
+a DT B-NP
+revised VBN I-NP
+transaction NN I-NP
+with IN B-PP
+less JJR B-NP
+debt NN I-NP
+leverage NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+more RBR B-ADJP
+attractive JJ I-ADJP
+to TO B-PP
+banks NNS B-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+original JJ I-NP
+proposal NN I-NP
+is VBZ B-VP
+dead JJ B-ADJP
+, , O
+and CC O
+all DT B-NP
+aspects NNS I-NP
+of IN B-PP
+a DT B-NP
+revised VBN I-NP
+version NN I-NP
+are VBP B-VP
+up IN B-ADVP
+for IN B-PP
+change NN B-NP
+, , O
+in IN B-PP
+light NN B-NP
+of IN B-PP
+the DT B-NP
+changes NNS I-NP
+in IN B-PP
+UAL NNP B-NP
+'s POS B-NP
+market NN I-NP
+price NN I-NP
+, , O
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+debt NN B-NP
+banks NNS B-NP
+are VBP B-VP
+willing JJ B-ADJP
+to TO B-VP
+fund VB I-VP
+, , O
+and CC O
+the DT B-NP
+price NN I-NP
+British NNP B-NP
+Air NNP I-NP
+would MD B-VP
+be VB I-VP
+willing JJ B-ADJP
+to TO B-VP
+pay VB I-VP
+. . O
+
+Mr. NNP B-NP
+Stevens NNP I-NP
+said VBD B-VP
+he PRP B-NP
+expects VBZ B-VP
+the DT B-NP
+new JJ I-NP
+price NN I-NP
+will MD B-VP
+be VB I-VP
+considerably RB B-ADJP
+lower JJR I-ADJP
+, , O
+but CC O
+declined VBD B-VP
+to TO I-VP
+specify VB I-VP
+a DT B-NP
+figure NN I-NP
+. . O
+
+Asked VBN B-VP
+whether IN B-SBAR
+a DT B-NP
+$ $ I-NP
+230-a-share JJ I-NP
+figure NN I-NP
+circulating VBG B-VP
+in IN B-PP
+the DT B-NP
+market NN I-NP
+yesterday NN B-NP
+is VBZ B-VP
+too RB B-ADJP
+low JJ I-ADJP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+certainly RB B-ADVP
+not RB O
+too RB B-ADJP
+low JJ I-ADJP
+. . O
+'' '' O
+
+He PRP B-NP
+added VBD B-VP
+the DT B-NP
+original JJ I-NP
+offer NN I-NP
+was VBD B-VP
+`` `` O
+a DT B-NP
+pretty RB I-NP
+full JJ I-NP
+price NN I-NP
+, , O
+'' '' O
+and CC O
+that IN B-SBAR
+British NNP B-NP
+Air NNP I-NP
+'s POS B-NP
+contribution NN I-NP
+`` `` O
+was VBD B-VP
+quite RB B-NP
+a DT I-NP
+large JJ I-NP
+chunk NN I-NP
+for IN B-PP
+us PRP B-NP
+. . O
+'' '' O
+
+British NNP B-NP
+Air NNP I-NP
+was VBD B-VP
+originally RB I-VP
+attracted VBN I-VP
+to TO B-PP
+the DT B-NP
+chance NN I-NP
+of IN B-PP
+obtaining VBG B-VP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+, , O
+but CC O
+was VBD B-VP
+n't RB O
+particularly RB B-ADJP
+happy JJ I-ADJP
+with IN B-PP
+paying VBG B-VP
+$ $ B-NP
+750 CD I-NP
+million CD I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+the DT B-NP
+-LCB- ( O
+new JJ O
+-RCB- ) O
+deal NN B-NP
+had VBD B-VP
+us PRP B-NP
+putting VBG B-VP
+up IN B-PRT
+less JJR B-NP
+money NN I-NP
+but CC O
+still RB B-VP
+having VBG I-VP
+15 CD B-NP
+% NN I-NP
+, , O
+that WDT B-NP
+would MD B-VP
+be VB I-VP
+a DT B-NP
+point NN I-NP
+in IN B-PP
+our PRP$ B-NP
+favor NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+any DT B-NP
+new JJ I-NP
+proposal NN I-NP
+, , O
+British NNP B-NP
+Air NNP I-NP
+would MD B-VP
+expect VB I-VP
+a DT B-NP
+greater JJR I-NP
+rate NN I-NP
+of IN B-PP
+return NN B-NP
+than IN B-PP
+the DT B-NP
+20%-plus NN I-NP
+in IN B-PP
+the DT B-NP
+original JJ I-NP
+proposal NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+event NN I-NP
+that IN B-SBAR
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+stalls NNS B-VP
+in IN B-PP
+reviving VBG B-VP
+its PRP$ B-NP
+bid NN I-NP
+, , O
+the DT B-NP
+UAL NNP I-NP
+board NN I-NP
+could MD B-VP
+remain VB I-VP
+under IN B-PP
+some DT B-NP
+pressure NN I-NP
+to TO B-VP
+seek VB I-VP
+another DT B-NP
+transaction NN I-NP
+, , O
+even RB B-ADVP
+without IN B-PP
+any DT B-NP
+legal JJ I-NP
+obligation NN I-NP
+to TO B-VP
+do VB I-VP
+so RB B-ADVP
+. . O
+
+Roughly RB B-NP
+one-third NN I-NP
+of IN B-PP
+its PRP$ B-NP
+stock NN I-NP
+is VBZ B-VP
+believed VBN I-VP
+held VBN I-VP
+by IN B-PP
+takeover NN B-NP
+stock NN I-NP
+traders NNS I-NP
+, , O
+who WP B-NP
+could MD B-VP
+vote VB I-VP
+to TO I-VP
+oust VB I-VP
+the DT B-NP
+board NN I-NP
+if IN B-SBAR
+they PRP B-NP
+become VBP B-VP
+impatient JJ B-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+buy-out NN I-NP
+group NN I-NP
+'s POS B-NP
+task NN I-NP
+of IN B-PP
+holding VBG B-VP
+its PRP$ B-NP
+fragile JJ I-NP
+coalition NN I-NP
+together RB B-ADVP
+, , O
+in IN B-PP
+the DT B-NP
+face NN I-NP
+of IN B-PP
+the DT B-NP
+bid NN I-NP
+'s POS B-NP
+collapse NN I-NP
+and CC O
+internal JJ B-NP
+opposition NN I-NP
+from IN B-PP
+two CD B-NP
+other JJ I-NP
+employee NN I-NP
+groups NNS I-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+further RB I-VP
+complicated VBN I-VP
+by IN B-PP
+an DT B-NP
+apparent JJ I-NP
+rift NN I-NP
+in IN B-PP
+the DT B-NP
+ranks NNS I-NP
+of IN B-PP
+the DT B-NP
+pilot NN I-NP
+union NN I-NP
+itself PRP B-NP
+. . O
+
+A DT B-NP
+pilot NN I-NP
+representing VBG B-VP
+a DT B-NP
+group NN I-NP
+of IN B-PP
+220 CD B-NP
+pilots NNS I-NP
+hired VBN B-VP
+during IN B-PP
+United NNP B-NP
+'s POS B-NP
+1985 CD I-NP
+strike NN I-NP
+filed VBD B-VP
+suit NN B-NP
+Friday NNP B-NP
+in IN B-PP
+Chicago NNP B-NP
+federal JJ I-NP
+court NN I-NP
+to TO B-VP
+block VB I-VP
+the DT B-NP
+takeover NN I-NP
+. . O
+
+The DT B-NP
+dissident JJ I-NP
+pilots NNS I-NP
+oppose VBP B-VP
+the DT B-NP
+plan NN I-NP
+because IN B-SBAR
+it PRP B-NP
+would MD B-VP
+cause VB I-VP
+them PRP B-NP
+to TO B-VP
+lose VB I-VP
+their PRP$ B-NP
+seniority NN I-NP
+. . O
+
+UAL NNP B-NP
+'s POS B-NP
+management NN I-NP
+agreed VBD B-VP
+to TO I-VP
+reduce VB I-VP
+the DT B-NP
+seniority NN I-NP
+of IN B-PP
+those DT B-NP
+pilots NNS I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+the DT B-NP
+support NN I-NP
+of IN B-PP
+the DT B-NP
+United NNP I-NP
+pilot NN I-NP
+union NN I-NP
+for IN B-PP
+the DT B-NP
+buy-out NN I-NP
+proposal NN I-NP
+. . O
+
+The DT B-NP
+220 CD I-NP
+pilots NNS I-NP
+involved VBN B-VP
+in IN B-PP
+the DT B-NP
+suit NN I-NP
+are VBP B-VP
+n't RB O
+members NNS B-NP
+of IN B-PP
+the DT B-NP
+union NN I-NP
+. . O
+
+The DT B-NP
+airline NN I-NP
+had VBD B-VP
+allowed VBN I-VP
+them PRP B-NP
+to TO B-VP
+move VB I-VP
+ahead RB B-ADVP
+of IN B-PP
+some DT B-NP
+union NN I-NP
+members NNS I-NP
+in IN B-PP
+seniority NN B-NP
+following VBG B-PP
+the DT B-NP
+1985 CD I-NP
+strike NN I-NP
+, , O
+a DT B-NP
+move NN I-NP
+the DT B-NP
+union NN I-NP
+had VBD B-VP
+contested VBN I-VP
+in IN B-PP
+a DT B-NP
+previous JJ I-NP
+lawsuit NN I-NP
+. . O
+
+Judith NNP B-NP
+Valente NNP I-NP
+contributed VBD B-VP
+to TO B-PP
+this DT B-NP
+article NN I-NP
+. . O
+
+Corporate JJ B-NP
+efforts NNS I-NP
+to TO B-VP
+control VB I-VP
+health-care NN B-NP
+costs NNS I-NP
+by IN B-PP
+requiring VBG B-VP
+evaluations NNS B-NP
+prior RB B-PP
+to TO I-PP
+planned VBN B-NP
+hospitalization NN I-NP
+and CC I-NP
+surgery NN I-NP
+have VBP B-VP
+n't RB I-VP
+been VBN I-VP
+sweeping VBG B-ADJP
+enough RB I-ADJP
+to TO B-VP
+reduce VB I-VP
+the DT B-NP
+long-term JJ I-NP
+rate NN I-NP
+of IN B-PP
+cost NN B-NP
+increases NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+study NN I-NP
+by IN B-PP
+the DT B-NP
+Institute NNP I-NP
+of IN B-PP
+Medicine NNP B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+last JJ I-NP
+decade NN I-NP
+, , O
+many JJ B-NP
+corporations NNS I-NP
+have VBP B-VP
+embraced VBN I-VP
+the DT B-NP
+`` `` I-NP
+utilization NN I-NP
+management NN I-NP
+'' '' I-NP
+cost NN I-NP
+containment NN I-NP
+strategy NN I-NP
+as IN B-PP
+a DT B-NP
+way NN I-NP
+to TO B-VP
+control VB I-VP
+health-care NN B-NP
+costs NNS I-NP
+for IN B-PP
+employees NNS B-NP
+. . O
+
+These DT B-NP
+programs NNS I-NP
+vary VBP B-VP
+widely RB B-ADVP
+, , O
+but CC O
+often RB B-VP
+require VB I-VP
+second JJ B-NP
+opinions NNS I-NP
+on IN B-PP
+proposed VBN B-NP
+surgery NN I-NP
+, , O
+preadmission NN B-NP
+reviews NNS I-NP
+of IN B-PP
+elective JJ B-NP
+hospitalizations NNS I-NP
+and CC O
+reviews NNS B-NP
+of IN B-PP
+treatment NN B-NP
+during IN B-PP
+illnesses NNS B-NP
+or CC O
+recovery NN B-NP
+periods NNS I-NP
+. . O
+
+Between IN B-NP
+50 CD I-NP
+% NN I-NP
+and CC I-NP
+75 CD I-NP
+% NN I-NP
+of IN B-PP
+today NN B-NP
+'s POS B-NP
+workers NNS I-NP
+are VBP B-VP
+covered VBN I-VP
+by IN B-PP
+such JJ B-NP
+plans NNS I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+5 NN B-NP
+% NN I-NP
+five CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+`` `` O
+Although IN B-SBAR
+it PRP B-NP
+probably RB B-ADVP
+has VBZ B-VP
+reduced VBN I-VP
+the DT B-NP
+level NN I-NP
+of IN B-PP
+expenditures NNS B-NP
+for IN B-PP
+some DT B-NP
+purchasers NNS I-NP
+, , O
+utilization NN B-NP
+management NN I-NP
+-- : O
+like IN B-PP
+most RBS B-NP
+other JJ I-NP
+cost NN I-NP
+containment NN I-NP
+strategies NNS I-NP
+-- : O
+does VBZ B-VP
+n't RB I-VP
+appear VB I-VP
+to TO I-VP
+have VB I-VP
+altered VBN I-VP
+the DT B-NP
+long-term JJ I-NP
+rate NN I-NP
+of IN B-PP
+increase NN B-NP
+in IN B-PP
+health-care NN B-NP
+costs NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+Institute NNP I-NP
+of IN B-PP
+Medicine NNP B-NP
+, , O
+an DT B-NP
+affiliate NN I-NP
+of IN B-PP
+the DT B-NP
+National NNP I-NP
+Academy NNP I-NP
+of IN B-PP
+Sciences NNPS B-NP
+, , O
+concluded VBD B-VP
+after IN B-PP
+a DT B-NP
+two-year JJ I-NP
+study NN I-NP
+. . O
+
+`` `` O
+Employers NNS B-NP
+who WP B-NP
+saw VBD B-VP
+a DT B-NP
+short-term JJ I-NP
+moderation NN I-NP
+in IN B-PP
+benefit NN B-NP
+expenditures NNS I-NP
+are VBP B-VP
+seeing VBG I-VP
+a DT B-NP
+return NN I-NP
+to TO B-PP
+previous JJ B-NP
+trends NNS I-NP
+. . O
+'' '' O
+
+While IN B-SBAR
+utilization NN B-NP
+management NN I-NP
+frequently RB B-ADVP
+reduces VBZ B-VP
+hospitalization NN B-NP
+costs NNS I-NP
+, , O
+these DT B-NP
+savings NNS I-NP
+are VBP B-VP
+often RB I-VP
+offset VB I-VP
+by IN B-PP
+increases NNS B-NP
+in IN B-PP
+outpatient NN B-NP
+services NNS I-NP
+and CC O
+higher JJR B-NP
+administrative JJ I-NP
+costs NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+report NN I-NP
+by IN B-PP
+a DT B-NP
+panel NN I-NP
+of IN B-PP
+health-care NN B-NP
+experts NNS I-NP
+. . O
+
+The DT B-NP
+report NN I-NP
+suggested VBD B-VP
+that IN O
+current JJ B-NP
+review NN I-NP
+programs NNS I-NP
+are VBP B-VP
+too RB B-ADJP
+narrow JJ I-ADJP
+. . O
+
+`` `` O
+The DT B-NP
+unnecessary JJ I-NP
+and CC I-NP
+inappropriate JJ I-NP
+use NN I-NP
+of IN B-PP
+the DT B-NP
+hospital NN I-NP
+, , B-NP
+and CC I-NP
+not RB I-NP
+the DT B-NP
+actual JJ I-NP
+need NN I-NP
+for IN B-PP
+a DT B-NP
+particular JJ I-NP
+procedure NN I-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+main JJ I-NP
+focus NN I-NP
+, , O
+'' '' O
+the DT B-NP
+panel NN I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+As IN B-PP
+a DT B-NP
+general JJ I-NP
+rule NN I-NP
+, , O
+prior-review JJ B-NP
+programs NNS I-NP
+have VBP B-VP
+not RB I-VP
+made VBN I-VP
+case-by-case JJ B-NP
+assessments NNS I-NP
+of IN B-PP
+the DT B-NP
+comparative JJ I-NP
+costs NNS I-NP
+of IN B-PP
+alternative NN B-NP
+treatments NNS I-NP
+or CC I-NP
+sites NNS I-NP
+of IN B-PP
+care NN B-NP
+. . O
+'' '' O
+
+The DT B-NP
+report NN I-NP
+said VBD B-VP
+that DT O
+utilization NN B-NP
+management NN I-NP
+should MD B-VP
+have VB I-VP
+more JJR B-NP
+of IN B-PP
+an DT B-NP
+impact NN I-NP
+as IN B-SBAR
+federal JJ B-NP
+research NN I-NP
+on IN B-PP
+the DT B-NP
+effectiveness NN I-NP
+of IN B-PP
+medical JJ B-NP
+treatments NNS I-NP
+helps VBZ B-VP
+lead VBN I-VP
+to TO B-PP
+medical JJ B-NP
+practice NN I-NP
+guidelines NNS I-NP
+. . O
+
+Howard NNP B-NP
+Bailit NNP I-NP
+, , O
+a DT B-NP
+panel NN I-NP
+member NN I-NP
+and CC O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+Aetna NNP B-NP
+Life NNP I-NP
+& CC I-NP
+Casualty NNP I-NP
+, , O
+said VBD B-VP
+that DT O
+utilization NN B-NP
+management NN I-NP
+will MD B-VP
+also RB I-VP
+do VB I-VP
+a DT B-NP
+better JJR I-NP
+job NN I-NP
+of IN B-PP
+containing VBG B-VP
+costs NNS B-NP
+as IN B-SBAR
+it PRP B-NP
+spreads VBZ B-VP
+to TO I-VP
+cover VB I-VP
+medical JJ B-NP
+services NNS I-NP
+delivered VBN B-VP
+outside IN B-ADVP
+of IN B-PP
+hospitals NNS B-NP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+pretty RB B-NP
+good JJ I-NP
+evidence NN I-NP
+that DT O
+utilization NN B-NP
+management NN I-NP
+has VBZ B-VP
+reduced VBN I-VP
+inappropriate JJ B-NP
+hospitalization NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+But CC O
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+spending NN B-NP
+on IN B-PP
+physician NN B-NP
+services NNS I-NP
+and CC O
+ambulatory JJ B-NP
+care NN I-NP
+have VBP B-VP
+mushroomed VBN I-VP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+like IN B-PP
+squeezing VBG B-VP
+a DT B-NP
+balloon NN I-NP
+, , O
+'' '' O
+Dr. NNP B-NP
+Bailit NNP I-NP
+said VBD B-VP
+. . O
+
+David NNP B-NP
+Rahill NNP I-NP
+of IN B-PP
+A. NNP B-NP
+Foster NNP I-NP
+Higgins NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+said VBD B-VP
+that IN B-SBAR
+clients NNS B-NP
+of IN B-PP
+his PRP$ B-NP
+consulting NN I-NP
+firm NN I-NP
+report NN B-VP
+that DT O
+utilization NN B-NP
+management NN I-NP
+reduces VBZ B-VP
+their PRP$ B-NP
+hospital NN I-NP
+care NN I-NP
+bills NNS I-NP
+by IN B-PP
+about IN B-NP
+5 NN I-NP
+% NN I-NP
+, , O
+but CC O
+he PRP B-NP
+agreed VBD B-VP
+that IN B-SBAR
+for IN B-PP
+the DT B-NP
+health-care NN I-NP
+system NN I-NP
+as IN B-PP
+whole JJ B-ADJP
+, , O
+some DT B-NP
+of IN B-PP
+these DT B-NP
+savings NNS I-NP
+are VBP B-VP
+offset VB I-VP
+by IN B-PP
+administrative JJ O
+and CC O
+outpatient NN B-NP
+care NN I-NP
+costs NNS B-NP
+. . O
+
+Jerome NNP B-NP
+Grossman NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+panel NN I-NP
+, , O
+agrees VBZ B-VP
+that IN B-SBAR
+administrative JJ B-NP
+costs NNS I-NP
+of IN B-PP
+utilization NN B-NP
+management NN I-NP
+programs NNS I-NP
+can MD B-VP
+be VB I-VP
+high JJ B-ADJP
+. . O
+
+`` `` O
+You PRP B-NP
+have VBP B-VP
+a DT B-NP
+whole JJ I-NP
+staff NN I-NP
+standing VBG B-VP
+ready JJ B-ADJP
+'' '' O
+to TO B-VP
+evaluate VB I-VP
+the DT B-NP
+appropriateness NN I-NP
+of IN B-PP
+recommended VBN B-NP
+treatment NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Dr. NNP B-NP
+Grossman NNP I-NP
+, , O
+who WP B-NP
+also RB B-ADVP
+is VBZ B-VP
+president NN B-NP
+of IN B-PP
+New NNP B-NP
+England NNP I-NP
+Medical NNP I-NP
+Center NNP I-NP
+Hospitals NNS I-NP
+in IN B-PP
+Boston NNP B-NP
+, , O
+noted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+hospitals NNS I-NP
+he PRP B-NP
+runs VBZ B-VP
+deal NN B-VP
+with IN B-PP
+more JJR B-NP
+than IN I-NP
+100 CD I-NP
+utilization NN I-NP
+management NN I-NP
+firms NNS I-NP
+and CC O
+that IN B-SBAR
+many NN B-NP
+of IN B-PP
+them PRP B-NP
+have VBP B-VP
+different JJ B-NP
+procedures NNS I-NP
+and CC I-NP
+requirements NNS I-NP
+. . O
+
+The DT B-NP
+panel NN I-NP
+urged VBD B-VP
+greater JJR B-NP
+efforts NNS I-NP
+to TO B-VP
+reduce VB I-VP
+the DT B-NP
+complexity NN I-NP
+, , I-NP
+paperwork NN I-NP
+and CC I-NP
+cost NN I-NP
+of IN B-PP
+utilization NN B-NP
+review NN I-NP
+. . O
+
+`` `` O
+Utilization NN B-NP
+management NN I-NP
+needs VBZ B-VP
+to TO I-VP
+better JJR I-VP
+demonstrate VB I-VP
+that IN B-SBAR
+it PRP B-NP
+reduces VBZ B-VP
+the DT B-NP
+wasteful JJ I-NP
+use NN I-NP
+of IN B-PP
+resources NNS B-NP
+, , O
+improves VBZ B-VP
+the DT B-NP
+appropriateness NN I-NP
+of IN B-PP
+patient NN B-NP
+care NN I-NP
+and CC O
+imposes VBZ B-VP
+only RB B-ADVP
+reasonable JJ B-NP
+burdens NNS I-NP
+on IN B-PP
+patients NNS B-NP
+and CC I-NP
+providers NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+panel NN I-NP
+concluded VBD B-VP
+. . O
+
+Renault NNP B-NP
+and CC O
+DAF NNP B-NP
+Trucks NNS I-NP
+NV NNP I-NP
+announced VBD B-VP
+a DT B-NP
+preliminary JJ I-NP
+agreement NN I-NP
+to TO B-VP
+jointly RB I-VP
+manufacture VB I-VP
+a DT B-NP
+line NN I-NP
+of IN B-PP
+trucks NNS B-NP
+in IN B-PP
+Britain NNP B-NP
+and CC I-NP
+France NNP I-NP
+. . O
+
+Philippe NNP B-NP
+Gras NNP I-NP
+, , O
+a DT B-NP
+Renault NNP I-NP
+managing VBG I-NP
+director NN I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+new JJ I-NP
+line NN I-NP
+will MD B-VP
+cover VB I-VP
+trucks NNS B-NP
+of IN B-PP
+between IN B-PP
+2.5 CD B-NP
+tons NNS I-NP
+and CC O
+4.2 CD B-NP
+tons NNS I-NP
+and CC O
+will MD B-VP
+be VB I-VP
+built VBN I-VP
+at IN B-PP
+Renault NNP B-NP
+'s POS B-NP
+Bapilly NNP I-NP
+plant NN I-NP
+in IN B-PP
+France NNP B-NP
+and CC B-PP
+at IN B-PP
+DAF NNP B-NP
+'s POS B-NP
+British JJ I-NP
+plant NN I-NP
+. . O
+
+The DT B-NP
+French JJ I-NP
+state-controlled JJ I-NP
+auto NN I-NP
+group NN I-NP
+and CC O
+the DT B-NP
+Dutch JJ I-NP
+truck NN I-NP
+maker NN I-NP
+plan NN B-VP
+to TO I-VP
+incorporate VB I-VP
+the DT B-NP
+new JJ I-NP
+trucks NNS I-NP
+into IN B-PP
+their PRP$ B-NP
+product NN I-NP
+lines NNS I-NP
+when WRB B-ADVP
+they PRP B-NP
+begin VBP B-VP
+production NN B-NP
+toward IN B-PP
+the DT B-NP
+middle NN I-NP
+of IN B-PP
+the DT B-NP
+1990s CD I-NP
+. . O
+
+Mr. NNP B-NP
+Gras NNP I-NP
+said VBD B-VP
+he PRP B-NP
+expects VBZ B-VP
+a DT B-NP
+definitive JJ I-NP
+agreement NN I-NP
+between IN B-PP
+the DT B-NP
+two CD I-NP
+companies NNS I-NP
+to TO B-VP
+be VB I-VP
+completed VBN I-VP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+months NNS I-NP
+. . O
+
+The DT B-NP
+venture NN I-NP
+is VBZ B-VP
+the DT B-NP
+latest JJS I-NP
+example NN I-NP
+of IN B-PP
+the DT B-NP
+trend NN I-NP
+toward IN B-PP
+cooperative JJ B-NP
+projects NNS I-NP
+in IN B-PP
+Europe NNP B-NP
+ahead RB B-ADVP
+of IN B-PP
+the DT B-NP
+1992 CD I-NP
+deadline NN I-NP
+for IN B-PP
+eliminating VBG B-VP
+trade NN B-NP
+barriers NNS I-NP
+within IN B-PP
+the DT B-NP
+European NNP I-NP
+Community NNP I-NP
+. . O
+
+Renault NNP B-NP
+and CC I-NP
+DAF NNP I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+invest VB I-VP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+about IN B-NP
+three CD I-NP
+billion CD I-NP
+French JJ I-NP
+francs NNS I-NP
+-LRB- ( O
+$ $ B-NP
+157.8 CD I-NP
+million CD I-NP
+-RRB- ) O
+in IN B-PP
+the DT B-NP
+venture NN I-NP
+, , O
+including VBG B-PP
+FFr NNP B-NP
+1 CD I-NP
+billion CD I-NP
+for IN B-PP
+design NN B-NP
+and CC I-NP
+development NN I-NP
+costs NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+the DT B-NP
+companies NNS I-NP
+will MD B-VP
+each DT O
+spend VB B-VP
+about IN B-NP
+FFr NNP I-NP
+1 CD I-NP
+billion CD I-NP
+on IN B-PP
+tooling VBG B-VP
+up IN B-PRT
+their PRP$ B-NP
+plants NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Gras NNP I-NP
+said VBD B-VP
+the DT B-NP
+joint JJ I-NP
+venture NN I-NP
+represents VBZ B-VP
+considerable JJ B-NP
+savings NNS I-NP
+for IN B-PP
+both DT B-NP
+Renault NNP I-NP
+and CC I-NP
+DAF NNP I-NP
+, , O
+since IN B-SBAR
+both DT B-NP
+companies NNS I-NP
+would MD B-VP
+in IN B-PP
+any DT B-NP
+case NN I-NP
+have VBP B-VP
+had VBN I-VP
+to TO I-VP
+renew VB I-VP
+their PRP$ B-NP
+existing VBG I-NP
+ranges NNS I-NP
+of IN B-PP
+light NN B-NP
+goods NNS I-NP
+vehicles NNS I-NP
+. . O
+
+By IN B-PP
+pooling VBG B-VP
+their PRP$ B-NP
+resources NNS I-NP
+, , O
+the DT B-NP
+two CD I-NP
+groups NNS I-NP
+have VBP B-VP
+effectively RB I-VP
+halved VBN I-VP
+the DT B-NP
+design NN I-NP
+and CC I-NP
+development NN I-NP
+costs NNS I-NP
+that WDT B-NP
+would MD B-VP
+otherwise RB I-VP
+have VB I-VP
+been VBN I-VP
+entailed VBN I-VP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Renault NNP B-NP
+officials NNS I-NP
+said VBD B-VP
+the DT B-NP
+potential JJ I-NP
+European JJ I-NP
+market NN I-NP
+for IN B-PP
+light NN B-NP
+trucks NNS I-NP
+in IN B-PP
+the DT B-NP
+2.5-ton JJ I-NP
+to TO I-NP
+4.2-ton VB I-NP
+range NN I-NP
+is VBZ B-VP
+between IN B-NP
+700,000 CD I-NP
+and CC I-NP
+800,000 CD I-NP
+vehicles NNS I-NP
+annually RB B-ADVP
+, , O
+and CC O
+Renault NNP B-NP
+and CC I-NP
+DAF NNP I-NP
+are VBP B-VP
+aiming VBG I-VP
+for IN B-PP
+a DT B-NP
+combined VBN I-NP
+market NN I-NP
+share NN I-NP
+of IN B-PP
+about IN B-NP
+11 CD I-NP
+% NN I-NP
+. . O
+
+Both DT B-NP
+Renault NNP I-NP
+and CC I-NP
+DAF NNP I-NP
+will MD B-VP
+have VB I-VP
+world-wide JJ B-NP
+marketing NN I-NP
+rights NNS I-NP
+for IN B-PP
+the DT B-NP
+new JJ I-NP
+range NN I-NP
+of IN B-PP
+vans NNS B-NP
+and CC O
+light NN B-NP
+trucks NNS I-NP
+. . O
+
+Under IN B-PP
+a DT B-NP
+separate JJ I-NP
+arrangement NN I-NP
+, , O
+British NNP B-NP
+Aerospace NNP I-NP
+PLC NNP I-NP
+'s POS B-NP
+Rover NNP I-NP
+Group NNP I-NP
+PLC NNP I-NP
+subsidiary NN I-NP
+will MD B-VP
+also RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+offer VB I-VP
+the DT B-NP
+vehicles NNS I-NP
+through IN B-PP
+its PRP$ B-NP
+dealers NNS I-NP
+in IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+, , O
+and CC O
+Renault NNP B-NP
+'s POS B-NP
+truck-building JJ I-NP
+subsidiary NN I-NP
+Renault NNP I-NP
+Vehicles NNPS I-NP
+Industriels NNPS I-NP
+will MD B-VP
+have VB I-VP
+similar JJ B-NP
+rights NNS I-NP
+in IN B-PP
+France NNP B-NP
+. . O
+
+DAF NNP B-NP
+is VBZ B-VP
+16%-owned JJ B-ADJP
+by IN B-PP
+British NNP B-NP
+Aerospace NNP I-NP
+, , O
+with IN B-PP
+a DT B-NP
+further JJ I-NP
+6.5 CD I-NP
+% NN I-NP
+held VBN B-VP
+by IN B-PP
+the DT B-NP
+Dutch JJ I-NP
+state-owned JJ I-NP
+chemical NN I-NP
+group NN I-NP
+NV NNP B-NP
+DSM NNP I-NP
+. . O
+
+The DT B-NP
+van NNP I-NP
+Doorne NNP I-NP
+family NN I-NP
+of IN B-PP
+the DT B-NP
+Netherlands NNP I-NP
+holds VBZ B-VP
+an DT B-NP
+additional JJ I-NP
+11 CD I-NP
+% NN I-NP
+of IN B-PP
+DAF NNP B-NP
+'s POS B-NP
+capital NN I-NP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+System NNP I-NP
+is VBZ B-VP
+the DT B-NP
+standard JJ I-NP
+object NN I-NP
+of IN B-PP
+suggestions NNS B-NP
+for IN B-PP
+organizational JJ B-NP
+and CC I-NP
+institutional JJ I-NP
+changes NNS I-NP
+, , O
+for IN B-PP
+two CD B-NP
+reasons NNS I-NP
+. . O
+
+First RB B-ADVP
+, , O
+its PRP$ B-NP
+position NN I-NP
+in IN B-PP
+the DT B-NP
+government NN I-NP
+is VBZ B-VP
+anomalous JJ B-ADJP
+. . O
+
+It PRP B-NP
+has VBZ B-VP
+an DT B-NP
+unusual JJ I-NP
+kind NN I-NP
+of IN B-PP
+independence NN B-NP
+from IN B-PP
+elected VBN B-NP
+officials NNS I-NP
+and CC O
+still RB B-VP
+has VBZ I-VP
+authority NN B-NP
+over IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+powerful JJ I-NP
+of IN B-PP
+government NN B-NP
+'s POS B-NP
+instruments NNS I-NP
+-- : O
+the DT B-NP
+control NN I-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+supply NN I-NP
+. . O
+
+Thus RB B-ADVP
+we PRP B-NP
+have VBP B-VP
+a DT B-NP
+condition NN I-NP
+that WDT B-NP
+is VBZ B-VP
+easily RB I-VP
+described VBN I-VP
+as IN B-PP
+undemocratic JJ B-ADJP
+. . O
+
+Second JJ B-ADVP
+, , O
+the DT B-NP
+responsibilities NNS I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+as IN B-PP
+guardian NN B-NP
+of IN B-PP
+the DT B-NP
+currency NN I-NP
+, , O
+which WDT B-NP
+means VBZ B-VP
+as IN B-PP
+guardian NN B-NP
+of IN B-PP
+the DT B-NP
+stability NN I-NP
+of IN B-PP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+, , O
+sometimes RB B-ADVP
+lead VB B-VP
+it PRP B-NP
+to TO B-VP
+take VB I-VP
+measures NNS B-NP
+that WDT B-NP
+are VBP B-VP
+unpopular JJ B-ADJP
+. . O
+
+As IN B-SBAR
+former JJ B-NP
+Fed NNP I-NP
+Chairman NNP I-NP
+William NNP I-NP
+McChesney NNP I-NP
+Martin NNP I-NP
+used VBD B-VP
+to TO I-VP
+say VB I-VP
+, , O
+they PRP B-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+take VB I-VP
+the DT B-NP
+punch NN I-NP
+bowl NN I-NP
+away RB B-ADVP
+just RB B-ADVP
+as IN B-SBAR
+the DT B-NP
+party NN I-NP
+is VBZ B-VP
+getting VBG I-VP
+interesting JJ B-ADJP
+. . O
+
+So RB O
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+is VBZ B-VP
+an DT B-NP
+attractive JJ I-NP
+target NN I-NP
+for IN B-PP
+complaint NN B-NP
+by IN B-PP
+politicians NNS B-NP
+. . O
+
+The DT B-NP
+Fed NNP I-NP
+is VBZ B-VP
+easily RB I-VP
+assigned VBN I-VP
+the DT B-NP
+blame NN I-NP
+for IN B-PP
+unpleasantness NN B-NP
+, , O
+like IN B-PP
+high JJ B-NP
+interest NN I-NP
+rates NNS I-NP
+or CC O
+slow JJ B-NP
+economic JJ I-NP
+growth NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+politicians NNS I-NP
+can MD B-VP
+escape VB I-VP
+responsibility NN B-NP
+by IN B-PP
+pointing VBG B-VP
+to TO B-PP
+the DT B-NP
+Fed NNP I-NP
+'s POS B-NP
+independence NN I-NP
+. . O
+
+This DT B-NP
+leads VBZ B-VP
+to TO B-PP
+proposals NNS B-NP
+for IN B-PP
+`` `` O
+reform NN B-NP
+'' '' O
+of IN B-PP
+the DT B-NP
+Fed NNP I-NP
+, , O
+which WDT B-NP
+have VBP B-VP
+the DT B-NP
+common JJ I-NP
+feature NN I-NP
+of IN B-PP
+making VBG B-VP
+the DT B-NP
+Fed NNP I-NP
+more RBR B-ADJP
+responsive JJ I-ADJP
+to TO B-PP
+the DT B-NP
+administration NN I-NP
+, , O
+to TO B-PP
+the DT B-NP
+Congress NNP I-NP
+and CC B-PP
+to TO B-PP
+public JJ B-NP
+opinion NN I-NP
+-- : O
+without IN B-PP
+, , O
+however RB B-ADVP
+, , O
+any DT B-NP
+assumption NN I-NP
+of IN B-PP
+additional JJ B-NP
+responsibility NN I-NP
+by IN B-PP
+the DT B-NP
+politicians NNS I-NP
+. . O
+
+These DT B-NP
+proposals NNS I-NP
+include VBP B-VP
+changing VBG I-VP
+the DT B-NP
+term NN I-NP
+of IN B-PP
+the DT B-NP
+chairman NN I-NP
+, , O
+shortening VBG B-VP
+the DT B-NP
+terms NNS I-NP
+of IN B-PP
+the DT B-NP
+members NNS I-NP
+, , O
+eliminating VBG B-VP
+the DT B-NP
+presidents NNS I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Banks NNP I-NP
+from IN B-PP
+the DT B-NP
+decision-making NN I-NP
+process NN I-NP
+, , O
+putting VBG B-VP
+the DT B-NP
+Secretary NNP I-NP
+of IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+on IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Board NNP I-NP
+, , O
+having VBG B-VP
+the DT B-NP
+Fed NNP I-NP
+audited VBN B-VP
+by IN B-PP
+an DT B-NP
+arm NN I-NP
+of IN B-PP
+Congress NNP B-NP
+-LRB- ( O
+the DT B-NP
+General NNP I-NP
+Accounting NNP I-NP
+Office NNP I-NP
+-RRB- ) O
+, , O
+putting VBG B-VP
+the DT B-NP
+Fed NNP I-NP
+'s POS B-NP
+expenditures NNS I-NP
+in IN B-PP
+the DT B-NP
+budget NN I-NP
+, , O
+and CC O
+requiring VBG B-VP
+prompt VB B-NP
+publication NN I-NP
+of IN B-PP
+the DT B-NP
+Fed NNP I-NP
+'s POS B-NP
+minutes NNS I-NP
+. . O
+
+Some DT B-NP
+of IN B-PP
+these DT B-NP
+ideas NNS I-NP
+are VBP B-VP
+again RB B-ADVP
+under IN B-PP
+consideration NN B-NP
+in IN B-PP
+Congress NNP B-NP
+. . O
+
+But CC O
+these DT B-NP
+proposals NNS I-NP
+do VBP B-VP
+not RB I-VP
+rest VB I-VP
+on IN B-PP
+a DT B-NP
+view NN I-NP
+of IN B-PP
+what WP B-NP
+the DT B-NP
+Fed NNP I-NP
+'s POS B-NP
+problem NN I-NP
+is VBZ B-VP
+or CC O
+, , O
+if IN B-SBAR
+they PRP B-NP
+do VBP B-VP
+, , O
+they PRP B-NP
+rest VBP B-VP
+on IN B-PP
+an DT B-NP
+incorrect JJ I-NP
+view NN I-NP
+. . O
+
+They PRP B-NP
+would MD B-VP
+not RB I-VP
+solve VB I-VP
+the DT B-NP
+problem NN I-NP
+; : O
+they PRP B-NP
+would MD B-VP
+make VB I-VP
+it PRP B-NP
+worse JJR B-ADJP
+. . O
+
+The DT B-NP
+problem NN I-NP
+is VBZ B-VP
+not RB O
+that IN B-SBAR
+the DT B-NP
+Fed NNP I-NP
+is VBZ B-VP
+too RB B-ADJP
+unresponsive JJ I-ADJP
+to TO B-PP
+the DT B-NP
+public JJ I-NP
+interest NN I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+contrary NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+too RB B-ADJP
+responsive JJ I-ADJP
+to TO B-PP
+an DT B-NP
+incorrect JJ I-NP
+view NN I-NP
+of IN B-PP
+the DT B-NP
+public JJ I-NP
+interest NN I-NP
+. . O
+
+The DT B-NP
+price NN I-NP
+level NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+is VBZ B-VP
+now RB B-ADVP
+about IN B-ADJP
+4 CD I-ADJP
+1\/4 CD I-ADJP
+times NNS I-ADJP
+as RB I-ADJP
+high JJ I-ADJP
+as IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+30 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+On IN B-PP
+average JJ B-NP
+, , O
+something NN B-NP
+that DT B-NP
+cost NN B-VP
+$ $ B-NP
+100 CD I-NP
+30 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+now RB B-ADVP
+costs VBZ B-VP
+$ $ B-NP
+425 CD I-NP
+. . O
+
+Or CC O
+, , O
+a DT B-NP
+wage NN I-NP
+that WDT B-NP
+was VBD B-VP
+$ $ B-NP
+100 CD I-NP
+30 CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+would MD B-VP
+buy VB I-VP
+only RB B-NP
+$ $ I-NP
+23.53 CD I-NP
+worth NN I-NP
+of IN B-PP
+stuff NN B-NP
+today NN B-NP
+. . O
+
+On IN B-PP
+two CD B-NP
+occasions VBZ I-NP
+the DT B-NP
+inflation NN I-NP
+rate NN I-NP
+rose VBD B-VP
+to TO B-PP
+more JJR B-NP
+than IN I-NP
+10 CD I-NP
+% NN I-NP
+a DT B-NP
+year NN I-NP
+. . O
+
+In IN B-PP
+each DT B-NP
+case NN I-NP
+the DT B-NP
+ending NN I-NP
+of IN B-PP
+this DT B-NP
+unsustainable JJ I-NP
+inflation NN I-NP
+caused VBD B-VP
+a DT B-NP
+severe JJ I-NP
+recession NN I-NP
+-- : O
+the DT B-NP
+two CD I-NP
+worst JJS I-NP
+of IN B-PP
+the DT B-NP
+postwar JJ I-NP
+period NN I-NP
+. . O
+
+The DT B-NP
+enormous JJ I-NP
+inflation NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+years NNS I-NP
+was VBD B-VP
+largely RB B-ADJP
+due JJ I-ADJP
+to TO B-PP
+monetary JJ B-NP
+policy NN I-NP
+. . O
+
+At IN B-ADVP
+least JJS I-ADVP
+, , O
+it PRP B-NP
+would MD B-VP
+not RB I-VP
+have VB I-VP
+happened VBN I-VP
+without IN B-PP
+the DT B-NP
+support NN I-NP
+of IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+that WDT B-NP
+provided VBD B-VP
+for IN B-PP
+a DT B-NP
+10-fold JJ I-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+money NN I-NP
+supply NN I-NP
+during IN B-PP
+the DT B-NP
+same JJ I-NP
+period NN I-NP
+. . O
+
+And CC O
+that DT B-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+money NN I-NP
+supply NN I-NP
+would MD B-VP
+not RB I-VP
+have VB I-VP
+happened VBN I-VP
+without IN B-PP
+the DT B-NP
+consent NN I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+. . O
+
+The DT B-NP
+basic JJ I-NP
+problem NN I-NP
+of IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+, , O
+to TO B-PP
+which WDT B-NP
+reform NN B-NP
+of IN B-PP
+the DT B-NP
+Fed NNP I-NP
+should MD B-VP
+be VB I-VP
+addressed VBN I-VP
+, , O
+is VBZ B-VP
+to TO B-VP
+prevent VB I-VP
+a DT B-NP
+recurrence NN I-NP
+of IN B-PP
+this DT B-NP
+experience NN I-NP
+. . O
+
+There EX B-NP
+were VBD B-VP
+two CD B-NP
+general JJ I-NP
+reasons NNS I-NP
+for IN B-PP
+the DT B-NP
+mistaken VBN I-NP
+monetary JJ I-NP
+policy NN I-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+years NNS I-NP
+: : O
+
+1 CD B-NP
+. . O
+To TO B-PP
+some DT B-NP
+extent NN I-NP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+shared VBD B-VP
+the DT B-NP
+popular JJ I-NP
+but CC I-NP
+incorrect JJ I-NP
+view NN I-NP
+that IN B-SBAR
+expansionary JJ B-NP
+monetary JJ I-NP
+policy NN I-NP
+could MD B-VP
+yield VB I-VP
+a DT B-NP
+net JJ I-NP
+improvement NN I-NP
+in IN B-PP
+employment NN B-NP
+and CC I-NP
+output NN I-NP
+. . O
+
+2 CD B-NP
+. . O
+Even RB B-ADVP
+where WRB I-ADVP
+the DT B-NP
+Fed NNP I-NP
+did VBD B-VP
+not RB I-VP
+share VB I-VP
+this DT B-NP
+view NN I-NP
+it PRP B-NP
+felt VBD B-VP
+the DT B-NP
+need NN I-NP
+to TO B-VP
+accommodate VB I-VP
+to TO B-PP
+it PRP B-NP
+. . O
+
+Despite IN B-PP
+all PDT B-NP
+the DT I-NP
+formal JJ I-NP
+provisions NNS I-NP
+for IN B-PP
+its PRP$ B-NP
+independence NN I-NP
+, , O
+the DT B-NP
+Fed NNP I-NP
+seems VBZ B-VP
+constantly RB I-VP
+to TO I-VP
+feel VB I-VP
+that IN B-SBAR
+if IN B-SBAR
+it PRP B-NP
+uses VBZ B-VP
+its PRP$ B-NP
+independence NN I-NP
+too RB B-ADVP
+freely RB I-ADVP
+it PRP B-NP
+will MD B-VP
+lose VB I-VP
+it PRP B-NP
+. . O
+
+The DT B-NP
+common JJ I-NP
+proposals NNS I-NP
+for IN B-PP
+reforming VBG B-VP
+the DT B-NP
+Fed NNP I-NP
+would MD B-VP
+only RB I-VP
+make VB I-VP
+the DT B-NP
+situation NN I-NP
+worse JJR B-ADJP
+, , O
+if IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+any DT B-NP
+effect NN I-NP
+at IN B-ADVP
+all DT I-ADVP
+. . O
+
+Putting VBG B-VP
+the DT B-NP
+Secretary NNP I-NP
+of IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+on IN B-PP
+the DT B-NP
+Board NNP I-NP
+of IN B-PP
+Governors NNP B-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+leading VBG I-NP
+proposals NNS I-NP
+today NN B-NP
+, , O
+is VBZ B-VP
+an DT B-NP
+example NN I-NP
+. . O
+
+The DT B-NP
+secretary NN I-NP
+is VBZ B-VP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+biggest JJS I-NP
+borrower NN I-NP
+of IN B-PP
+money NN B-NP
+. . O
+
+He PRP B-NP
+has VBZ B-VP
+a DT B-NP
+built-in NN I-NP
+, , I-NP
+constant JJ I-NP
+longing NN I-NP
+for IN B-PP
+lower JJR B-NP
+interest NN I-NP
+rates NNS I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+he PRP B-NP
+is VBZ B-VP
+a DT B-NP
+political JJ I-NP
+agent NN I-NP
+of IN B-PP
+a DT B-NP
+political JJ I-NP
+president NN I-NP
+, , O
+who WP B-NP
+naturally RB B-VP
+gives VBZ I-VP
+extraordinary JJ B-NP
+weight NN I-NP
+to TO B-PP
+the DT B-NP
+way NN I-NP
+the DT B-NP
+economy NN I-NP
+will MD B-VP
+perform VB I-VP
+before IN B-PP
+the DT B-NP
+next JJ I-NP
+election NN I-NP
+, , O
+and CC O
+less JJR B-NP
+to TO B-PP
+its PRP$ B-NP
+longer-run JJ I-NP
+health NN I-NP
+. . O
+
+These DT B-NP
+days NNS I-NP
+, , O
+the DT B-NP
+secretary NN I-NP
+suffers VBZ B-VP
+the DT B-NP
+further JJ I-NP
+disqualification NN I-NP
+that IN B-SBAR
+he PRP B-NP
+is VBZ B-VP
+a DT B-NP
+member NN I-NP
+of IN B-PP
+a DT B-NP
+club NN I-NP
+of IN B-PP
+seven CD B-NP
+finance NN I-NP
+ministers NNS I-NP
+who WP B-NP
+meet VBP B-VP
+occasionally RB B-ADVP
+to TO B-VP
+decide VB I-VP
+what WP B-NP
+exchange NN B-NP
+rates NNS I-NP
+should MD B-VP
+be VB I-VP
+, , O
+which WDT B-NP
+is VBZ B-VP
+a DT B-NP
+diversion NN I-NP
+from IN B-PP
+the DT B-NP
+real JJ I-NP
+business NN I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+to TO B-VP
+stabilize VB I-VP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+. . O
+
+How WRB B-ADVP
+should MD O
+a DT B-NP
+reasonable JJ I-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Board NNP I-NP
+interpret VB B-VP
+a DT B-NP
+congressional JJ I-NP
+decision NN I-NP
+to TO B-VP
+put VB I-VP
+the DT B-NP
+secretary NN I-NP
+on IN B-PP
+the DT B-NP
+board NN I-NP
+? . O
+
+Could MD O
+he PRP B-NP
+plausibly RB B-ADVP
+interpret VB B-VP
+it PRP B-NP
+as IN B-PP
+encouragement NN B-NP
+for IN B-SBAR
+the DT B-NP
+Fed NNP I-NP
+to TO B-VP
+give VB I-VP
+primary JJ B-NP
+emphasis NN I-NP
+to TO B-PP
+stabilizing VBG B-VP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+? . O
+
+Or CC O
+would MD O
+he PRP B-NP
+interpret VB B-VP
+it PRP B-NP
+as IN B-PP
+instruction NN B-NP
+to TO B-VP
+give VB I-VP
+more JJR B-NP
+weight NN I-NP
+to TO B-PP
+these DT B-NP
+other JJ I-NP
+objectives NNS I-NP
+that IN B-NP
+the DT B-NP
+secretary NN I-NP
+represents VBZ B-VP
+-- : O
+low JJ B-NP
+interest NN I-NP
+rates NNS I-NP
+, , O
+short-run JJ B-NP
+economic JJ I-NP
+expansion NN I-NP
+, , O
+and CC O
+stabilization NN B-NP
+of IN B-PP
+exchange NN B-NP
+rates NNS I-NP
+at IN B-PP
+internationally RB B-NP
+managed VBD I-NP
+levels NNS I-NP
+? . O
+
+The DT B-NP
+answer NN I-NP
+seems VBZ B-VP
+perfectly RB B-ADJP
+clear JJ I-ADJP
+. . O
+
+-LRB- ( O
+True JJ B-ADVP
+, , O
+a DT B-NP
+succession NN I-NP
+of IN B-PP
+Fed NNP B-NP
+chairmen NNS I-NP
+has VBZ B-VP
+given VBN I-VP
+color NN B-NP
+to TO B-PP
+the DT B-NP
+notion NN I-NP
+that IN B-SBAR
+the DT B-NP
+Secretary NNP I-NP
+of IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+belongs VBZ B-VP
+on IN B-PP
+the DT B-NP
+Fed NNP I-NP
+. . O
+
+By IN B-PP
+their PRP$ B-NP
+constant JJ I-NP
+readiness NN I-NP
+to TO B-VP
+advise VB I-VP
+all DT B-NP
+and CC I-NP
+sundry JJ I-NP
+about IN B-PP
+federal JJ B-NP
+budgetary JJ I-NP
+matters NNS I-NP
+the DT B-NP
+chairmen NNS I-NP
+have VBP B-VP
+encouraged VBN I-VP
+the DT B-NP
+belief NN I-NP
+that IN O
+fiscal JJ B-NP
+policy NN I-NP
+and CC O
+monetary JJ B-NP
+policy NN I-NP
+are VBP B-VP
+ingredients NNS B-NP
+of IN B-PP
+a DT B-NP
+common JJ I-NP
+stew NN I-NP
+, , O
+in IN B-PP
+which WDT B-NP
+case NN I-NP
+it PRP B-NP
+is VBZ B-VP
+natural JJ B-ADJP
+that IN B-SBAR
+the DT B-NP
+Fed NNP I-NP
+and CC O
+the DT B-NP
+Treasury NNP I-NP
+, , B-NP
+and CC I-NP
+probably RB I-NP
+also RB I-NP
+the DT B-NP
+Congress NNP I-NP
+, , O
+should MD B-VP
+be VB I-VP
+jointly RB I-VP
+engaged VBN I-VP
+in IN B-PP
+stirring VBG B-VP
+the DT B-NP
+pot NN I-NP
+. . O
+
+The DT B-NP
+Fed NNP I-NP
+'s POS B-NP
+case NN I-NP
+for IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+independence NN I-NP
+would MD B-VP
+be VB I-VP
+a DT B-NP
+little RB I-NP
+stronger JJR B-ADJP
+if IN B-SBAR
+it PRP B-NP
+were VBD B-VP
+more RBR B-ADJP
+solicitous JJ I-ADJP
+of IN B-PP
+the DT B-NP
+independence NN I-NP
+of IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+. . O
+-RRB- ) O
+
+The DT B-NP
+Fed NNP I-NP
+'s POS B-NP
+problem NN I-NP
+is VBZ B-VP
+not RB O
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+too RB B-ADJP
+independent JJ I-ADJP
+, , O
+or CC O
+too RB B-ADJP
+unpolitical JJ I-ADJP
+. . O
+
+The DT B-NP
+Fed NNP I-NP
+is VBZ B-VP
+responsive JJ B-ADJP
+to TO B-PP
+, , O
+and CC O
+can MD B-VP
+not RB I-VP
+help VB I-VP
+being VBG I-VP
+responsive JJ B-ADJP
+to TO B-PP
+, , O
+the DT B-NP
+more RBR I-NP
+overtly RB I-NP
+political JJ I-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+. . O
+
+The DT B-NP
+Fed NNP I-NP
+exercises VBZ B-VP
+a DT B-NP
+power NN I-NP
+given VBN B-VP
+to TO B-PP
+it PRP B-NP
+by IN B-PP
+Congress NNP B-NP
+and CC O
+the DT B-NP
+president NN I-NP
+. . O
+
+But CC O
+Congress NNP B-NP
+and CC O
+the DT B-NP
+president NN I-NP
+accept VB B-VP
+no DT B-NP
+responsibility NN I-NP
+for IN B-PP
+the DT B-NP
+exercise NN I-NP
+of IN B-PP
+the DT B-NP
+power NN I-NP
+they PRP B-NP
+have VBP B-VP
+given VBN I-VP
+the DT B-NP
+Fed NNP I-NP
+. . O
+
+Critics NNS B-NP
+of IN B-PP
+the DT B-NP
+present JJ I-NP
+arrangement NN I-NP
+are VBP B-VP
+correct JJ B-ADJP
+to TO B-VP
+say VB I-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+undemocratic JJ B-ADJP
+. . O
+
+What WP B-NP
+is VBZ B-VP
+undemocratic JJ B-ADJP
+is VBZ B-VP
+the DT B-NP
+unwillingness NN I-NP
+of IN B-PP
+the DT B-NP
+more RBR I-NP
+political JJ I-NP
+parts NNS I-NP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+to TO B-VP
+take VB I-VP
+the DT B-NP
+responsibility NN I-NP
+for IN B-PP
+deciding VBG B-VP
+the DT B-NP
+basic JJ I-NP
+question NN I-NP
+of IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+what WP B-NP
+priority NN I-NP
+should MD B-VP
+be VB I-VP
+given VBN I-VP
+to TO B-PP
+stabilizing VBG B-VP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+. . O
+
+To TO B-VP
+leave VB I-VP
+this DT B-NP
+decision NN I-NP
+to TO B-PP
+an DT B-NP
+`` `` I-NP
+independent JJ I-NP
+'' '' I-NP
+agency NN I-NP
+is VBZ B-VP
+not RB O
+only RB O
+undemocratic JJ B-ADJP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+prevents VBZ B-VP
+the DT B-NP
+conduct NN I-NP
+of IN B-PP
+a DT B-NP
+policy NN I-NP
+that WDT B-NP
+has VBZ B-VP
+a DT B-NP
+long-term JJ I-NP
+rationale NN I-NP
+, , O
+because IN B-SBAR
+it PRP B-NP
+leaves VBZ B-VP
+the DT B-NP
+Fed NNP I-NP
+guessing VBG B-VP
+about IN B-PP
+what WP B-NP
+are VBP B-VP
+the DT B-NP
+expectations NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+masters NNS I-NP
+, , O
+the DT B-NP
+politicians NNS I-NP
+, , O
+who WP B-NP
+have VBP B-VP
+never RB I-VP
+had VBN I-VP
+to TO I-VP
+consider VB I-VP
+the DT B-NP
+long-term JJ I-NP
+consequences NNS I-NP
+of IN B-PP
+monetary JJ B-NP
+policy NN I-NP
+. . O
+
+The DT B-NP
+greatest JJS I-NP
+contribution NN I-NP
+Congress NNP B-NP
+could MD B-VP
+make VB I-VP
+at IN B-PP
+this DT B-NP
+time NN I-NP
+would MD B-VP
+be VB I-VP
+to TO B-VP
+declare VB I-VP
+that IN B-SBAR
+stabilizing VBG B-VP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+is VBZ B-VP
+the DT B-NP
+primary JJ I-NP
+responsibility NN I-NP
+of IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+System NNP I-NP
+. . O
+
+Legislation NN B-NP
+to TO B-PP
+this DT B-NP
+effect NN I-NP
+has VBZ B-VP
+been VBN I-VP
+introduced VBN I-VP
+in IN B-PP
+Congress NNP B-NP
+in IN B-PP
+this DT B-NP
+session NN I-NP
+by IN B-PP
+Rep. NNP B-NP
+Stephen NNP I-NP
+Neal NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+N.C NNP B-NP
+. . O
+-RRB- ) O
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+not RB O
+the DT B-NP
+kind NN I-NP
+of IN B-PP
+thing NN B-NP
+that WDT B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+enacted VBN I-VP
+, , O
+however RB B-ADVP
+. . O
+
+Congress NNP B-NP
+would MD B-VP
+be VB I-VP
+required VBN I-VP
+to TO I-VP
+make VB I-VP
+a DT B-NP
+hard JJ I-NP
+decision NN I-NP
+, , O
+and CC O
+Congress NNP B-NP
+would MD B-VP
+much RB I-VP
+prefer VB I-VP
+to TO I-VP
+leave VB I-VP
+the DT B-NP
+hard JJ I-NP
+decision NN I-NP
+to TO B-PP
+the DT B-NP
+Fed NNP I-NP
+and CC O
+retain VB B-VP
+its PRP$ B-NP
+rights NNS I-NP
+of IN B-PP
+complaint NN B-NP
+after IN B-PP
+the DT B-NP
+fact NN I-NP
+. . O
+
+People NNS B-NP
+will MD B-VP
+say VB I-VP
+that IN B-SBAR
+the DT B-NP
+nation NN I-NP
+and CC O
+the DT B-NP
+government NN I-NP
+have VBP B-VP
+other JJ B-NP
+objectives NNS I-NP
+, , O
+in IN B-PP
+addition NN B-NP
+to TO B-PP
+stabilizing VBG B-VP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+true JJ B-ADJP
+. . O
+
+But CC O
+that DT B-NP
+is VBZ B-VP
+not RB O
+the DT B-NP
+same JJ I-NP
+as IN B-PP
+saying VBG B-VP
+that IN B-SBAR
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+has VBZ B-VP
+other JJ B-NP
+objectives NNS I-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+has VBZ B-VP
+other JJ B-NP
+agencies NNS I-NP
+and CC I-NP
+instruments NNS I-NP
+for IN B-PP
+pursuing VBG B-VP
+these DT B-NP
+other JJ I-NP
+objectives NNS I-NP
+. . O
+
+But CC O
+it PRP B-NP
+has VBZ B-VP
+only RB B-ADVP
+the DT B-NP
+Fed NNP I-NP
+to TO B-VP
+pursue VB I-VP
+price-level JJ B-NP
+stability NN I-NP
+. . O
+
+And CC O
+the DT B-NP
+Fed NNP I-NP
+has VBZ B-VP
+at IN B-PP
+most RBS B-NP
+very RB B-NP
+limited JJ I-NP
+ability NN I-NP
+to TO B-VP
+contribute VB I-VP
+to TO B-PP
+the DT B-NP
+achievement NN I-NP
+of IN B-PP
+other JJ B-NP
+objectives NNS I-NP
+by IN B-PP
+means VBZ B-NP
+other JJ B-ADVP
+than IN B-PP
+by IN B-PP
+stabilizing VBG B-VP
+the DT B-NP
+price NN I-NP
+level NN I-NP
+. . O
+
+The DT B-NP
+two CD I-NP
+objectives NNS I-NP
+most RBS B-VP
+commonly RB I-VP
+thought VBD I-VP
+to TO I-VP
+be VB I-VP
+legitimate JJ B-NP
+competitors NNS I-NP
+for IN B-PP
+the DT B-NP
+attention NN I-NP
+of IN B-PP
+the DT B-NP
+Fed NNP I-NP
+are VBP B-VP
+high JJ B-NP
+employment NN I-NP
+and CC O
+rapid JJ B-NP
+real JJ I-NP
+growth NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+main JJ I-NP
+lesson NN I-NP
+of IN B-PP
+economic JJ B-NP
+policy NN I-NP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+years NNS I-NP
+is VBZ B-VP
+that IN B-SBAR
+if IN B-SBAR
+the DT B-NP
+Fed NNP I-NP
+compromises NNS B-VP
+with IN B-PP
+the DT B-NP
+price-stability NN I-NP
+objective NN I-NP
+in IN B-PP
+the DT B-NP
+pursuit NN I-NP
+of IN B-PP
+these DT B-NP
+other JJ I-NP
+goals NNS I-NP
+, , O
+the DT B-NP
+result NN I-NP
+is VBZ B-VP
+not RB O
+high JJ B-NP
+employment NN I-NP
+and CC O
+rapid JJ B-NP
+growth NN I-NP
+but CC O
+is VBZ B-VP
+inflation NN B-NP
+. . O
+
+A DT B-NP
+former JJ I-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+president NN I-NP
+'s POS B-NP
+Council NNP I-NP
+of IN B-PP
+Economic NNP B-NP
+Advisers NNPS I-NP
+, , O
+Mr. NNP B-NP
+Stein NNP I-NP
+is VBZ B-VP
+an DT B-NP
+American NNP I-NP
+Enterprise NNP I-NP
+Institute NNP I-NP
+fellow NN I-NP
+. . O
+
+Republic NNP B-NP
+New NNP I-NP
+York NNP I-NP
+Corp. NNP I-NP
+joined VBD B-VP
+the DT B-NP
+list NN I-NP
+of IN B-PP
+banks NNS B-NP
+boosting VBG B-VP
+reserves NNS B-NP
+for IN B-PP
+losses NNS B-NP
+on IN B-PP
+loans NNS B-NP
+to TO B-PP
+less-developed JJ B-NP
+countries NNS I-NP
+, , O
+setting VBG B-VP
+out IN B-PRT
+a DT B-NP
+$ $ I-NP
+200 CD I-NP
+million CD I-NP
+provision NN I-NP
+and CC O
+posting VBG B-VP
+a DT B-NP
+$ $ I-NP
+155.4 CD I-NP
+million CD I-NP
+third-quarter JJ I-NP
+net JJ I-NP
+loss NN I-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+. . O
+
+The DT B-NP
+per-share JJ I-NP
+loss NN I-NP
+was VBD B-VP
+$ $ B-NP
+5.32 CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year NN I-NP
+earlier JJR I-NP
+period NN I-NP
+, , O
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+parent NN I-NP
+of IN B-PP
+Republic NNP B-NP
+National NNP I-NP
+Bank NNP I-NP
+had VBD B-VP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+38.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.12 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Excluding VBG B-PP
+the DT B-NP
+provision NN I-NP
+, , O
+Republic NNP B-NP
+earned VBD B-VP
+$ $ B-NP
+44.6 CD I-NP
+million CD I-NP
+, , O
+up IN B-ADVP
+15 CD B-NP
+% NN I-NP
+from IN B-PP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+The DT B-NP
+bank NN I-NP
+'s POS B-NP
+medium-term JJ B-ADJP
+and CC I-ADJP
+long-term JJ I-ADJP
+loans NNS B-NP
+to TO B-PP
+less-developed JJ B-NP
+countries NNS I-NP
+total JJ B-VP
+$ $ B-NP
+293 CD I-NP
+million CD I-NP
+, , O
+of IN B-PP
+which WDT B-NP
+$ $ B-NP
+146 CD I-NP
+million CD I-NP
+are VBP B-VP
+n't RB I-VP
+accruing VBG I-VP
+interest NN B-NP
+, , O
+the DT B-NP
+bank NN I-NP
+said VBD B-VP
+. . O
+
+Republic NNP B-NP
+'s POS B-NP
+total NN I-NP
+of IN B-PP
+nonperforming JJ B-NP
+assets NNS I-NP
+was VBD B-VP
+$ $ B-NP
+167 CD I-NP
+million CD I-NP
+at IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+with IN B-PP
+its PRP$ B-NP
+reserve NN I-NP
+for IN B-PP
+loan NN B-NP
+losses NNS I-NP
+now RB B-ADVP
+standing VBG B-VP
+at IN B-PP
+$ $ B-NP
+357 CD I-NP
+million CD I-NP
+. . O
+
+Abortion-rights NNS B-NP
+advocates NNS I-NP
+won VBD B-VP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+battles NNS I-NP
+, , O
+but CC O
+the DT B-NP
+war NN I-NP
+over IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+most-contentious RBS I-NP
+social JJ I-NP
+question NN I-NP
+is VBZ B-VP
+about IN O
+to TO B-VP
+pick VB I-VP
+up IN B-PRT
+again RB B-ADVP
+on IN B-PP
+turf NN B-NP
+that WDT B-NP
+favors VBZ B-VP
+those DT B-NP
+seeking VBG B-VP
+to TO I-VP
+restrict VB I-VP
+abortions NNS B-NP
+. . O
+
+Strict JJ B-NP
+new JJ I-NP
+regulations NNS I-NP
+seem VBP B-VP
+certain JJ B-ADJP
+to TO B-VP
+pass VB I-VP
+the DT B-NP
+state NN I-NP
+House NNP I-NP
+in IN B-PP
+Pennsylvania NNP B-NP
+next JJ B-NP
+week NN I-NP
+, , O
+with IN B-PP
+easy JJ B-NP
+approval NN I-NP
+by IN B-PP
+the DT B-NP
+Senate NNP I-NP
+and CC B-PP
+by IN B-PP
+Democratic NNP B-NP
+Gov. NNP I-NP
+Bob NNP I-NP
+Casey NNP I-NP
+expected VBD B-VP
+shortly RB B-ADVP
+thereafter RB I-ADVP
+. . O
+
+Legislation NN B-NP
+to TO B-VP
+require VB I-VP
+the DT B-NP
+consent NN I-NP
+of IN B-PP
+parents NNS B-NP
+before IN B-SBAR
+their PRP$ B-NP
+daughters NNS I-NP
+under IN B-PP
+the DT B-NP
+age NN I-NP
+of IN B-PP
+18 CD B-NP
+can MD B-VP
+have VB I-VP
+abortions NNS B-NP
+will MD B-VP
+probably RB I-VP
+pass VB I-VP
+both DT B-NP
+houses NNS I-NP
+of IN B-PP
+the DT B-NP
+Michigan NNP I-NP
+legislature NN I-NP
+and CC O
+set VBN B-VP
+up IN B-PRT
+a DT B-NP
+grinding VBG I-NP
+battle NN I-NP
+to TO B-VP
+override VB I-VP
+the DT B-NP
+expected VBN I-NP
+veto NN I-NP
+of IN B-PP
+Democratic NNP B-NP
+Gov. NNP I-NP
+James NNP I-NP
+Blanchard NNP I-NP
+. . O
+
+The DT B-NP
+short-term JJ I-NP
+shift NN I-NP
+in IN B-PP
+the DT B-NP
+political JJ I-NP
+climate NN I-NP
+surrounding VBG B-VP
+abortion NN B-NP
+reflects VBZ B-VP
+two CD B-NP
+factors NNS I-NP
+that WDT B-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+govern VB I-VP
+the DT B-NP
+debate NN I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+several JJ I-NP
+months NNS I-NP
+: : O
+the DT B-NP
+reawakening VBG I-NP
+of IN B-PP
+the DT B-NP
+abortion-rights NNS I-NP
+movement NN I-NP
+as IN B-PP
+a DT B-NP
+potent JJ I-NP
+force NN I-NP
+after IN B-PP
+years NNS B-NP
+of IN B-PP
+lassitude NN B-NP
+, , O
+and CC O
+the DT B-NP
+ability NN I-NP
+of IN B-PP
+each DT B-NP
+side NN I-NP
+to TO B-VP
+counter VB I-VP
+the DT B-NP
+other NN I-NP
+'s POS B-NP
+advance NN I-NP
+in IN B-PP
+one CD B-NP
+arena NN I-NP
+with IN B-PP
+a DT B-NP
+victory NN I-NP
+of IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+elsewhere RB B-ADVP
+. . O
+
+The DT B-NP
+action NN I-NP
+in IN B-PP
+Pennsylvania NNP B-NP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+will MD B-VP
+follow VB I-VP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+collapse NN I-NP
+of IN B-PP
+a DT B-NP
+special JJ I-NP
+session NN I-NP
+of IN B-PP
+the DT B-NP
+Florida NNP I-NP
+legislature NN I-NP
+to TO B-VP
+enact VB I-VP
+restrictions NNS B-NP
+on IN B-PP
+abortions NNS B-NP
+in IN B-PP
+that DT B-NP
+state NN I-NP
+, , O
+and CC O
+the DT B-NP
+vote NN I-NP
+here RB B-ADVP
+in IN B-PP
+Washington NNP B-NP
+by IN B-PP
+the DT B-NP
+House NNP I-NP
+to TO B-VP
+permit VB I-VP
+federally RB B-NP
+paid VBN I-NP
+abortions NNS I-NP
+for IN B-PP
+poor JJ B-NP
+women NNS I-NP
+who WP B-NP
+are VBP B-VP
+victims NNS B-NP
+of IN B-PP
+rape NN B-NP
+or CC I-NP
+incest NN I-NP
+. . O
+
+But CC O
+President NNP B-NP
+Bush NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+veto VB I-VP
+the DT B-NP
+congressional JJ I-NP
+legislation NN I-NP
+and CC O
+that IN B-NP
+, , O
+along IN B-PP
+with IN B-PP
+the DT B-NP
+easy JJ I-NP
+approval NN I-NP
+of IN B-PP
+the DT B-NP
+Pennsylvania NNP I-NP
+measure NN I-NP
+, , O
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+mute VB I-VP
+the DT B-NP
+abortion-rights NNS I-NP
+activists NNS I-NP
+' POS B-NP
+claims NNS I-NP
+of IN B-PP
+momentum NN B-NP
+and CC O
+underline VB B-VP
+the DT B-NP
+challenges NNS I-NP
+faced VBN B-VP
+by IN B-PP
+this DT B-NP
+resurgent JJ I-NP
+movement NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+great JJ B-ADJP
+to TO B-VP
+feel VB I-VP
+good JJ B-ADJP
+for IN B-PP
+once RB B-NP
+in IN B-PP
+15 CD B-NP
+years NNS I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Harrison NNP B-NP
+Hickman NNP I-NP
+, , O
+a DT B-NP
+consultant NN I-NP
+to TO B-PP
+abortion-rights NNS B-NP
+advocates NNS I-NP
+, , O
+reflecting VBG B-VP
+the DT B-NP
+relief NN I-NP
+of IN B-PP
+his PRP$ B-NP
+compatriots NNS I-NP
+after IN B-PP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+victories NNS I-NP
+, , O
+the DT B-NP
+first JJ I-NP
+major JJ I-NP
+events NNS I-NP
+since IN B-SBAR
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+, , O
+in IN B-PP
+its PRP$ B-NP
+July NNP I-NP
+3 CD I-NP
+Webster NNP I-NP
+decision NN I-NP
+, , O
+permitted VBD B-VP
+the DT B-NP
+states NNS I-NP
+to TO B-VP
+enact VB I-VP
+restrictions NNS B-NP
+on IN B-PP
+abortions NNS B-NP
+. . O
+
+`` `` O
+But CC O
+how WRB B-NP
+many RB I-NP
+more JJR I-NP
+times NNS I-NP
+we PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+feel VB I-VP
+good JJ B-ADJP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+15 CD I-NP
+is VBZ B-VP
+another DT B-NP
+question NN I-NP
+. . O
+'' '' O
+
+Indeed RB B-ADVP
+, , O
+abortion-rights NNS B-NP
+activists NNS I-NP
+still JJ B-ADVP
+face VB B-VP
+their PRP$ B-NP
+greatest JJS I-NP
+tests NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+pro-choice JJ I-NP
+movement NN I-NP
+has VBZ B-VP
+shown VBN I-VP
+-- : O
+finally RB B-ADVP
+-- : O
+that IN B-SBAR
+it PRP B-NP
+can MD B-VP
+mobilize VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Glen NNP B-NP
+Halva-Neubauer NNP I-NP
+, , O
+a DT B-NP
+Furman NNP I-NP
+University NNP I-NP
+political JJ I-NP
+scientist NN I-NP
+who WP B-NP
+specializes VBZ B-VP
+in IN B-PP
+how WRB B-ADVP
+state NN B-NP
+legislators NNS I-NP
+handle VBP B-VP
+the DT B-NP
+abortion NN I-NP
+question NN I-NP
+. . O
+
+`` `` O
+But CC O
+it PRP B-NP
+still RB B-ADVP
+has VBZ B-VP
+n't RB I-VP
+shown VBN I-VP
+that IN B-SBAR
+it PRP B-NP
+can MD B-VP
+win VB I-VP
+in IN B-PP
+a DT B-NP
+state NN I-NP
+like IN B-PP
+Pennsylvania NNP B-NP
+or CC I-NP
+Missouri NNP I-NP
+, , O
+where WRB B-ADVP
+abortion NN B-NP
+has VBZ B-VP
+been VBN I-VP
+clearly RB B-ADVP
+an DT B-NP
+electoral JJ I-NP
+issue NN I-NP
+and CC O
+where WRB B-ADVP
+it PRP B-NP
+'s VBZ B-VP
+been VBN I-VP
+an DT B-NP
+emotional JJ I-NP
+issue NN I-NP
+for IN B-PP
+a DT B-NP
+long JJ I-NP
+time NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+foes NNS I-NP
+of IN B-PP
+abortion NN B-NP
+hold NN B-VP
+the DT B-NP
+strong JJ I-NP
+whip NN I-NP
+hand NN I-NP
+in IN B-PP
+Pennsylvania NNP B-NP
+, , O
+where WRB B-ADVP
+abortion-rights NNS B-NP
+activists NNS I-NP
+are VBP B-VP
+so RB B-ADVP
+much JJ I-ADVP
+on IN B-PP
+the DT B-NP
+defensive NN I-NP
+that IN B-SBAR
+their PRP$ B-NP
+strategy NN I-NP
+is VBZ B-VP
+less JJR B-ADVP
+to TO B-VP
+fight VB I-VP
+the DT B-NP
+proposed VBN I-NP
+legislation NN I-NP
+than IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+to TO B-VP
+stress VB I-VP
+how WRB B-ADVP
+the DT B-NP
+state NN I-NP
+legislature NN I-NP
+does VBZ B-VP
+n't RB I-VP
+reflect VB I-VP
+the DT B-NP
+viewpoints NNS I-NP
+of IN B-PP
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+citizens NNS I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+GOP NNP B-NP
+state NN I-NP
+Rep. NNP I-NP
+Stephen NNP I-NP
+Freind NNP I-NP
+of IN B-PP
+Delaware NNP B-NP
+County NNP I-NP
+, , O
+the DT B-NP
+legislature NN I-NP
+'s POS B-NP
+leading VBG I-NP
+foe NN I-NP
+of IN B-PP
+abortion NN B-NP
+, , O
+has VBZ B-VP
+been VBN I-VP
+given VBN I-VP
+all DT B-ADVP
+but CC I-ADVP
+free JJ B-NP
+rein NN I-NP
+to TO B-VP
+press VB I-VP
+a DT B-NP
+strict JJ I-NP
+seven-point JJ I-NP
+plan NN I-NP
+to TO B-VP
+restrict VB I-VP
+abortion NN B-NP
+and CC O
+, , O
+he PRP B-NP
+hopes VBZ B-VP
+, , O
+to TO B-VP
+force VB I-VP
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+directly RB B-ADVP
+to TO B-VP
+reassess VB I-VP
+its PRP$ B-NP
+1973 CD I-NP
+Roe NNP I-NP
+v. CC I-NP
+Wade NNP I-NP
+decision NN I-NP
+that WDT B-NP
+established VBD B-VP
+the DT B-NP
+right NN I-NP
+of IN B-PP
+abortion NN B-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+place NN I-NP
+. . O
+
+The DT B-NP
+Freind NNP I-NP
+legislation NN I-NP
+-- : O
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+House NNP I-NP
+Judiciary NNP I-NP
+Committee NNP I-NP
+approved VBD B-VP
+it PRP B-NP
+in IN B-PP
+Harrisburg NNP B-NP
+this DT B-NP
+week NN I-NP
+and CC O
+the DT B-NP
+full JJ I-NP
+Pennsylvania NNP I-NP
+House NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+take VB I-VP
+up IN B-PRT
+the DT B-NP
+bill NN I-NP
+next JJ B-NP
+Tuesday NNP I-NP
+-- : O
+includes VBZ B-VP
+a DT B-NP
+provision NN I-NP
+to TO B-VP
+ban VB I-VP
+abortions NNS B-NP
+after IN B-PP
+24 CD B-NP
+weeks NNS I-NP
+of IN B-PP
+pregnancy NN B-NP
+, , O
+except VB O
+to TO B-VP
+avert VB I-VP
+the DT B-NP
+death NN I-NP
+of IN B-PP
+the DT B-NP
+mother NN I-NP
+. . O
+
+Mr. NNP B-NP
+Freind NNP I-NP
+calculates VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+provision NN I-NP
+, , O
+which WDT B-NP
+attacks VBZ B-VP
+the DT B-NP
+trimester NN I-NP
+standards NNS I-NP
+that IN B-NP
+Roe NNP B-NP
+established VBD B-VP
+, , O
+will MD B-VP
+`` `` O
+make VB B-VP
+it PRP B-NP
+necessary JJ B-ADJP
+'' '' O
+for IN B-SBAR
+the DT B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+to TO B-VP
+review VB I-VP
+Roe NNP B-NP
+and CC O
+, , O
+perhaps RB B-VP
+, , I-VP
+to TO I-VP
+overturn VB B-VP
+it PRP B-NP
+. . O
+
+But CC O
+the DT B-NP
+Pennsylvania NNP I-NP
+measure NN I-NP
+also RB B-ADVP
+includes VBZ B-VP
+an DT B-NP
+`` `` I-NP
+informed VBN I-NP
+consent NN I-NP
+'' '' I-NP
+provision NN I-NP
+that WDT B-NP
+may MD B-VP
+become VB I-VP
+widely RB B-VP
+imitated VBN I-VP
+by IN B-PP
+abortion NN B-NP
+foes NNS I-NP
+who WP B-NP
+want VBP B-VP
+to TO I-VP
+make VB I-VP
+women NNS B-NP
+contemplating VBG B-VP
+abortion NN B-NP
+as RB B-ADJP
+uncomfortable JJ I-ADJP
+as IN B-PP
+possible JJ B-ADJP
+with IN B-PP
+the DT B-NP
+procedure NN I-NP
+and CC B-PP
+with IN B-PP
+themselves PRP B-NP
+. . O
+
+Under IN B-PP
+this DT B-NP
+legislation NN I-NP
+, , O
+a DT B-NP
+woman NN I-NP
+must MD B-VP
+be VB I-VP
+informed VBN I-VP
+24 CD B-NP
+hours NNS I-NP
+before IN B-PP
+the DT B-NP
+operation NN I-NP
+of IN B-PP
+the DT B-NP
+details NNS I-NP
+of IN B-PP
+the DT B-NP
+procedure NN I-NP
+and CC O
+its PRP$ B-NP
+risks NNS I-NP
+. . O
+
+`` `` O
+Regardless RB B-ADVP
+of IN B-PP
+whether IN B-SBAR
+one CD B-NP
+supports VBZ B-VP
+or CC I-VP
+opposes VBZ I-VP
+the DT B-NP
+right NN I-NP
+to TO B-PP
+an DT B-NP
+abortion NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Freind NNP I-NP
+argues VBZ B-VP
+, , O
+`` `` O
+it PRP B-NP
+is VBZ B-VP
+virtually RB B-ADJP
+impossible JJ I-ADJP
+for IN B-SBAR
+any DT B-NP
+rational JJ I-NP
+human JJ I-NP
+being NN I-NP
+to TO B-VP
+disagree VB I-VP
+with IN B-PP
+the DT B-NP
+concept NN I-NP
+that IN B-SBAR
+a DT B-NP
+woman NN I-NP
+has VBZ B-VP
+the DT B-NP
+right NN I-NP
+to TO B-VP
+have VB I-VP
+all DT B-NP
+of IN B-PP
+the DT B-NP
+appropriate JJ I-NP
+materials NNS I-NP
+and CC I-NP
+advice NN I-NP
+made VBD B-VP
+available JJ B-ADJP
+to TO B-PP
+her PRP B-NP
+before IN B-SBAR
+she PRP B-NP
+makes VBZ B-VP
+a DT B-NP
+decision NN I-NP
+which WDT B-NP
+, , O
+one CD B-NP
+way NN I-NP
+or CC O
+the DT B-NP
+other NN I-NP
+, , O
+might MD B-VP
+remain VB I-VP
+with IN B-PP
+her PRP B-NP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+her PRP$ B-NP
+life NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+Michigan NNP B-NP
+, , O
+where WRB B-ADVP
+the DT B-NP
+state NN I-NP
+Senate NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+approve VB I-VP
+parental-consent JJ B-NP
+legislation NN I-NP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+next JJ B-NP
+week NN I-NP
+, , O
+Gov. NNP B-NP
+Blanchard NNP I-NP
+is VBZ B-VP
+the DT B-NP
+principal JJ I-NP
+obstacle NN I-NP
+for IN B-PP
+anti-abortionists NNS B-NP
+. . O
+
+Susan NNP B-NP
+Rogin NNP I-NP
+, , O
+a DT B-NP
+consultant NN I-NP
+to TO B-PP
+abortion-rights NNS B-NP
+activists NNS I-NP
+in IN B-PP
+the DT B-NP
+state NN I-NP
+, , O
+takes VBZ B-VP
+comfort NN B-NP
+from IN B-PP
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+the DT B-NP
+state NN I-NP
+'s POS B-NP
+House NNP I-NP
+abortion NN I-NP
+opponents NNS I-NP
+`` `` O
+have VBP B-VP
+n't RB I-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+muster VB I-VP
+the DT B-NP
+votes NNS I-NP
+to TO B-VP
+overturn VB I-VP
+a DT B-NP
+veto NN I-NP
+on IN B-PP
+abortion NN B-NP
+in IN B-PP
+16 CD B-NP
+years NNS I-NP
+. . O
+'' '' O
+
+But CC O
+proponents NNS B-NP
+believe VBP B-VP
+they PRP B-NP
+may MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+shake VB I-VP
+enough RB B-NP
+votes VBZ I-NP
+loose JJ B-ADJP
+to TO B-VP
+override VB I-VP
+the DT B-NP
+veto NN I-NP
+if IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+successful JJ B-ADJP
+in IN B-PP
+portraying VBG B-VP
+the DT B-NP
+legislation NN I-NP
+as IN B-PP
+a DT B-NP
+matter NN I-NP
+of IN B-PP
+parents NNS B-NP
+' POS B-NP
+rights NNS I-NP
+. . O
+
+In IN B-PP
+Illinois NNP B-NP
+, , O
+lawmakers NNS B-NP
+will MD B-VP
+vote VB I-VP
+before IN B-PP
+next JJ B-NP
+spring NN I-NP
+on IN B-PP
+legislation NN B-NP
+requiring VBG B-VP
+physicians NNS B-NP
+to TO B-VP
+perform VB I-VP
+tests NNS B-NP
+on IN B-PP
+fetuses NNS B-NP
+at IN B-PP
+20 CD B-NP
+weeks NNS I-NP
+to TO B-VP
+determine VB I-VP
+their PRP$ B-NP
+gestational JJ I-NP
+age NN I-NP
+, , I-NP
+weight NN I-NP
+and CC I-NP
+lung NN I-NP
+maturity NN I-NP
+along IN B-ADVP
+with IN B-PP
+a DT B-NP
+provision NN I-NP
+requiring VBG B-VP
+that IN B-SBAR
+, , O
+if IN B-SBAR
+fetuses NNS B-NP
+survive VBP B-VP
+an DT B-NP
+abortion NN I-NP
+, , O
+a DT B-NP
+second JJ I-NP
+doctor NN I-NP
+must MD B-VP
+be VB I-VP
+on IN B-PP
+hand NN B-NP
+to TO B-VP
+help VB I-VP
+it PRP B-NP
+survive VB B-VP
+. . O
+
+The DT B-NP
+legislation NN I-NP
+failed VBN B-VP
+by IN B-PP
+one CD B-NP
+vote NN I-NP
+to TO B-VP
+clear VB I-VP
+the DT B-NP
+House NNP I-NP
+Rules NNP I-NP
+Committee NNP I-NP
+Tuesday NNP B-NP
+, , O
+but CC O
+anti-abortionists NNS B-NP
+still RB B-ADVP
+may MD B-VP
+succeed VB I-VP
+in IN B-PP
+bringing VBG B-VP
+the DT B-NP
+measure NN I-NP
+to TO B-PP
+the DT B-NP
+floor NN I-NP
+this DT B-NP
+fall NN I-NP
+. . O
+
+Pamela NNP B-NP
+Sutherland NNP I-NP
+, , O
+executive JJ B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+Illinois NNP I-NP
+Planned NNP I-NP
+Parenthood NNP I-NP
+Council NNP I-NP
+, , O
+says VBZ B-VP
+she PRP B-NP
+and CC O
+her PRP$ B-NP
+allies NNS I-NP
+are VBP B-VP
+`` `` B-ADJP
+cautiously RB I-ADJP
+optimistic JJ I-ADJP
+'' '' O
+they PRP B-NP
+can MD B-VP
+defeat VB I-VP
+it PRP B-NP
+if IN B-SBAR
+it PRP B-NP
+comes VBZ B-VP
+to TO B-PP
+a DT B-NP
+floor NN I-NP
+vote NN I-NP
+. . O
+
+Abortion NN B-NP
+foes NNS I-NP
+in IN B-PP
+Wisconsin NNP B-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+expect VBP B-VP
+a DT B-NP
+parental-consent JJ I-NP
+bill NN I-NP
+to TO B-VP
+be VB I-VP
+sent VBN I-VP
+to TO B-PP
+the DT B-NP
+state NN I-NP
+assembly NN I-NP
+floor NN I-NP
+by IN B-PP
+early JJ B-NP
+November NNP I-NP
+and CC O
+are VBP B-VP
+hopeful NN B-ADJP
+of IN B-PP
+prevailing VBG B-VP
+in IN B-PP
+both DT B-NP
+houses NNS I-NP
+by IN B-PP
+next JJ B-NP
+March NNP I-NP
+. . O
+
+In IN B-PP
+Texas NNP B-NP
+, , O
+abortion NN B-NP
+opponents NNS I-NP
+want VBP B-VP
+to TO I-VP
+pass VB I-VP
+parental-consent JJ B-NP
+legislation NN I-NP
+along IN B-PP
+with IN B-PP
+a DT B-NP
+statewide JJ I-NP
+ban NN I-NP
+on IN B-PP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+public JJ B-NP
+funds NNS I-NP
+, , I-NP
+personnel NNS I-NP
+and CC I-NP
+facilities NNS I-NP
+for IN B-PP
+abortion NN B-NP
+, , O
+and CC O
+viability NN B-NP
+tests NNS I-NP
+for IN B-PP
+fetuses NNS B-NP
+19 CD B-NP
+weeks NNS I-NP
+and CC O
+older JJR B-ADJP
+. . O
+
+The DT B-NP
+anti-abortionists NNS I-NP
+are VBP B-VP
+urging VBG I-VP
+GOP NNP B-NP
+Gov. NNP I-NP
+Bill NNP I-NP
+Clements NNP I-NP
+to TO B-VP
+press VB I-VP
+the DT B-NP
+issues NNS I-NP
+in IN B-PP
+a DT B-NP
+special JJ I-NP
+session NN I-NP
+scheduled VBN B-VP
+to TO I-VP
+run VB I-VP
+Nov. NNP B-NP
+14 CD I-NP
+to TO O
+Dec. NNP B-NP
+13 CD I-NP
+. . O
+
+`` `` O
+The DT B-NP
+prognosis NN I-NP
+is VBZ B-VP
+only RB B-ADVP
+fair JJ B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Kathie NNP B-NP
+Roberts NNP I-NP
+, , O
+administrative JJ B-NP
+director NN I-NP
+of IN B-PP
+the DT O
+Texas NNP O
+Right NNP O
+to TO B-PP
+Life NNP B-NP
+Committee NNP B-NP
+. . O
+
+`` `` O
+Next JJ B-NP
+year NN I-NP
+is VBZ B-VP
+an DT B-NP
+election NN I-NP
+year NN I-NP
+and CC O
+the DT B-NP
+legislators NNS I-NP
+just RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+do VB I-VP
+anything NN B-NP
+about IN B-PP
+this DT B-NP
+now RB B-ADVP
+. . O
+'' '' O
+
+This DT B-NP
+legislative JJ I-NP
+activity NN I-NP
+comes VBZ B-VP
+as IN B-SBAR
+both DT B-NP
+sides NNS I-NP
+are VBP B-VP
+undertaking VBG I-VP
+new JJ B-NP
+mobilization NN I-NP
+efforts NNS I-NP
+, , O
+plunging VBG B-VP
+into IN B-PP
+gubernatorial JJ B-NP
+races NNS I-NP
+in IN B-PP
+Virginia NNP B-NP
+and CC O
+New NNP B-NP
+Jersey NNP I-NP
+, , O
+and CC O
+girding VBG B-VP
+for IN B-PP
+next JJ B-NP
+autumn NN I-NP
+'s POS B-NP
+state NN I-NP
+elections NNS I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+abortion NN B-NP
+foes NNS I-NP
+have VBP B-VP
+developed VBN I-VP
+a DT B-NP
+national JJ I-NP
+legislative JJ I-NP
+strategy NN I-NP
+, , O
+deciding VBG B-VP
+to TO I-VP
+move VB I-VP
+on IN B-PP
+what WP B-NP
+Jacki NNP B-NP
+Ragan NNP I-NP
+, , O
+the DT O
+National NNP O
+Right NNP O
+to TO B-PP
+Life NNP B-NP
+Committee NNP B-NP
+'s POS B-NP
+director NN I-NP
+of IN B-PP
+state NN B-NP
+organizational JJ I-NP
+development NN I-NP
+, , O
+calls VBZ B-VP
+`` `` O
+reasonable JJ B-NP
+measures NNS I-NP
+that IN B-NP
+an DT B-NP
+overwhelming JJ I-NP
+mainstream NN I-NP
+majority NN I-NP
+of IN B-PP
+Americans NNPS B-NP
+support NN B-VP
+. . O
+'' '' O
+
+These DT B-NP
+include VBP B-VP
+bans NNS B-NP
+on IN B-PP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+abortion NN B-NP
+for IN B-PP
+birth NN B-NP
+control NN I-NP
+and CC O
+sex NN B-NP
+selection NN I-NP
+, , O
+and CC O
+the DT B-NP
+public JJ I-NP
+funding NN I-NP
+of IN B-PP
+alternatives NNS B-NP
+for IN B-PP
+abortion NN B-NP
+. . O
+
+`` `` O
+Those DT B-NP
+who WP B-NP
+are VBP B-VP
+on IN B-PP
+the DT B-NP
+other JJ I-NP
+side NN I-NP
+can MD B-VP
+hardly RB I-VP
+oppose VB I-VP
+alternative NN B-NP
+funding NN I-NP
+if IN B-SBAR
+they PRP B-NP
+continue VBP B-VP
+to TO I-VP
+insist VB I-VP
+on IN B-PP
+calling VBG B-VP
+themselves PRP B-NP
+` `` B-ADJP
+pro-choice JJ I-ADJP
+' '' O
+rather RB B-PP
+than IN I-PP
+` `` O
+pro-abortion JJ B-ADJP
+, , O
+' '' O
+'' '' O
+says VBZ B-VP
+Mary NNP B-NP
+Spaulding NNP I-NP
+, , O
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+associate JJ I-NP
+state NN I-NP
+legislative JJ I-NP
+coordinator NN I-NP
+. . O
+
+Over IN B-PP
+the DT B-NP
+weekend NN I-NP
+, , O
+the DT B-NP
+National NNP I-NP
+Abortion NNP I-NP
+Rights NNP I-NP
+Action NNP I-NP
+League NNP I-NP
+singled VBD B-VP
+out RP B-PRT
+eight CD B-NP
+politicians NNS I-NP
+, , O
+including VBG B-PP
+Pennsylvania NNP B-NP
+'s POS B-NP
+Mr. NNP I-NP
+Freind NNP I-NP
+, , O
+as IN B-PP
+1990 CD B-NP
+targets NNS I-NP
+and CC O
+held VBD B-VP
+a DT B-NP
+Washington NNP I-NP
+seminar NN I-NP
+designed VBN B-VP
+to TO I-VP
+train VB I-VP
+its PRP$ B-NP
+leaders NNS I-NP
+in IN B-PP
+political JJ B-NP
+techniques NNS I-NP
+, , O
+including VBG B-PP
+how WRB B-ADVP
+to TO B-VP
+put VB I-VP
+the DT B-NP
+anti-abortionists NNS I-NP
+on IN B-PP
+the DT B-NP
+defensive NN I-NP
+in IN B-PP
+state NN B-NP
+legislatures NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+now RB B-ADVP
+see VBP B-VP
+pro-choice JJ B-NP
+legislators NNS I-NP
+going VBG B-VP
+on IN B-PP
+the DT B-NP
+offensive NN I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Kate NNP B-NP
+Michelman NNP I-NP
+, , O
+executive JJ B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+group NN I-NP
+. . O
+
+Wall NNP B-NP
+Street NNP I-NP
+
+When WRB B-ADVP
+I PRP B-NP
+was VBD B-VP
+just RB B-NP
+a DT I-NP
+child NN I-NP
+And CC O
+confronted VBN B-VP
+by IN B-PP
+my PRP$ B-NP
+fears NNS I-NP
+, , O
+The DT B-NP
+things NNS I-NP
+that IN B-NP
+I PRP B-NP
+thought VBD B-VP
+would MD B-VP
+get VB I-VP
+me PRP B-NP
+Had VBD B-VP
+fangs NNS B-NP
+and CC O
+pointed VBD B-NP
+ears NNS I-NP
+. . O
+
+Nothing NN B-NP
+much NN B-ADJP
+has VBZ B-VP
+changed VBN I-VP
+-- : O
+My PRP$ B-NP
+periodic JJ I-NP
+scares NNS I-NP
+Are VBP B-VP
+still RB B-ADVP
+from IN B-PP
+hostile JJ B-NP
+animals NNS I-NP
+, , O
+Only RB O
+now RB B-ADVP
+, , O
+they PRP B-NP
+'re VBP B-VP
+bulls NNS B-NP
+and CC I-NP
+bears VBZ I-NP
+. . O
+
+-- : B-NP
+Pat NNP I-NP
+D'Amico NNP I-NP
+. . O
+
+Daffynition NN B-NP
+
+Trained VBN B-NP
+dolphins NNS I-NP
+: : O
+pur-poises NNS B-NP
+. . O
+
+-- : B-NP
+Marrill NNP I-NP
+J. NNP I-NP
+Pederson NNP I-NP
+. . O
+
+This DT B-NP
+maker NN I-NP
+and CC I-NP
+marketer NN I-NP
+of IN B-PP
+cartridge NN B-NP
+tape NN I-NP
+systems NNS I-NP
+said VBD B-VP
+it PRP B-NP
+completed VBD B-VP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+2.85 CD B-NP
+million CD I-NP
+shares NNS I-NP
+of IN B-PP
+common JJ B-NP
+priced VBN B-VP
+at IN B-PP
+$ $ B-NP
+10 CD I-NP
+a DT B-NP
+share NN I-NP
+in IN B-PP
+an DT B-NP
+initial JJ I-NP
+public JJ I-NP
+offering NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+selling VBG I-VP
+two CD B-NP
+million CD I-NP
+shares NNS I-NP
+and CC O
+that IN B-SBAR
+the DT B-NP
+rest NN I-NP
+are VBP B-VP
+being VBG I-VP
+sold VBN I-VP
+by IN B-PP
+certain JJ B-NP
+stockholders NNS I-NP
+. . O
+
+Proceeds NNS B-NP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+for IN B-PP
+capital NN B-NP
+expenditures NNS I-NP
+and CC O
+working VBG B-NP
+capital NN I-NP
+. . O
+
+Goldman NNP B-NP
+, , I-NP
+Sachs NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+and CC O
+Montgomery NNP B-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+are VBP B-VP
+co-managing JJ I-VP
+the DT B-NP
+offering NN I-NP
+. . O
+
+Congress NNP B-NP
+sent VBD B-VP
+President NNP B-NP
+Bush NNP I-NP
+an DT B-NP
+$ $ I-NP
+18.4 CD I-NP
+billion CD I-NP
+fiscal JJ I-NP
+1990 CD I-NP
+Treasury NNP I-NP
+and CC I-NP
+Postal NNP I-NP
+Service NNP I-NP
+bill NN I-NP
+providing VBG B-VP
+$ $ B-NP
+5.5 CD I-NP
+billion CD I-NP
+for IN B-PP
+the DT B-NP
+Internal NNP I-NP
+Revenue NNP I-NP
+Service NNP I-NP
+and CC O
+increasing VBG B-VP
+the DT B-NP
+Customs NNP I-NP
+Service NNP I-NP
+'s POS B-NP
+air-interdiction NN I-NP
+program NN I-NP
+nearly RB B-NP
+a DT I-NP
+third JJ I-NP
+. . O
+
+Final JJ B-NP
+approval NN I-NP
+came VBD B-VP
+on IN B-PP
+a DT B-NP
+simple JJ I-NP
+voice NN I-NP
+vote NN I-NP
+in IN B-PP
+the DT B-NP
+Senate NNP I-NP
+, , O
+and CC O
+the DT B-NP
+swift JJ I-NP
+passage NN I-NP
+contrasted VBN B-VP
+with IN B-PP
+months NNS B-NP
+of IN B-PP
+negotiations NNS B-NP
+over IN B-PP
+the DT B-NP
+underlying VBG I-NP
+bill NN I-NP
+which WDT B-NP
+is VBZ B-VP
+laced VBN B-ADJP
+with IN B-PP
+special-interest JJ B-NP
+provisions NNS I-NP
+for IN B-PP
+both DT B-NP
+members NNS B-NP
+and CC O
+the DT B-NP
+executive JJ I-NP
+branch NN I-NP
+. . O
+
+An DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+33 CD I-NP
+million CD I-NP
+was VBD B-VP
+added VBN I-VP
+for IN B-PP
+university NN B-NP
+and CC I-NP
+science NN I-NP
+grants NNS I-NP
+, , O
+including VBG B-PP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+for IN B-PP
+Smith NNP B-NP
+College NNP I-NP
+. . O
+
+And CC O
+Southwest NNP B-NP
+lawmakers NNS I-NP
+were VBD B-VP
+a DT B-NP
+driving VBG I-NP
+force NN I-NP
+behind IN B-PP
+$ $ B-NP
+54.6 CD I-NP
+million CD I-NP
+for IN B-PP
+U.S.-Mexico JJ B-NP
+border NN I-NP
+facilities NNS I-NP
+, , O
+or CC O
+more JJR O
+than IN O
+double VB O
+the DT B-NP
+administration NN I-NP
+'s POS B-NP
+request NN I-NP
+. . O
+
+More RBR B-NP
+than IN I-NP
+$ $ I-NP
+1.8 CD I-NP
+million CD I-NP
+is VBZ B-VP
+allocated VBN I-VP
+for IN B-PP
+pensions NNS B-NP
+and CC I-NP
+expenses NNS I-NP
+for IN B-PP
+former JJ B-NP
+presidents NNS I-NP
+, , O
+and CC O
+the DT B-NP
+budget NN I-NP
+for IN B-PP
+the DT B-NP
+official JJ I-NP
+residence NN I-NP
+of IN B-PP
+Vice NNP B-NP
+President NNP I-NP
+Quayle NNP I-NP
+is VBZ B-VP
+more RBR I-VP
+than IN I-VP
+doubled VBN I-VP
+, , O
+with IN B-SBAR
+$ $ B-NP
+200,000 CD I-NP
+designated VBN B-VP
+for IN B-PP
+improvements NNS B-NP
+to TO B-PP
+the DT B-NP
+property NN I-NP
+. . O
+
+Even RB B-NP
+the DT I-NP
+Office NNP I-NP
+of IN B-PP
+Management NNP B-NP
+and CC I-NP
+Budget NNP I-NP
+is VBZ B-VP
+remembered VBN I-VP
+with IN B-PP
+an DT B-NP
+extra JJ I-NP
+$ $ I-NP
+1 CD I-NP
+million CD I-NP
+to TO B-VP
+help VB I-VP
+offset VB I-VP
+pay NN B-NP
+costs NNS I-NP
+that IN B-NP
+other JJ B-NP
+government NN I-NP
+departments NNS I-NP
+are VBP B-VP
+being VBG I-VP
+asked VBN I-VP
+to TO B-VP
+absorb VB I-VP
+. . O
+
+Within IN B-PP
+the DT B-NP
+IRS NNP I-NP
+, , O
+nearly RB B-NP
+$ $ I-NP
+1.95 CD I-NP
+billion CD I-NP
+is VBZ B-VP
+provided VBN I-VP
+for IN B-PP
+processing NN B-VP
+tax NN B-NP
+returns NNS I-NP
+, , O
+a DT B-NP
+12 CD I-NP
+% NN I-NP
+increase NN I-NP
+over IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+and CC O
+double JJ B-NP
+what WP B-NP
+the DT B-NP
+government NN I-NP
+was VBD B-VP
+spending VBG I-VP
+five CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+Investigation NNP B-NP
+and CC I-NP
+taxpayer NN I-NP
+service NN I-NP
+accounts NNS I-NP
+would MD B-VP
+grow VB I-VP
+to TO B-PP
+$ $ B-NP
+1.6 CD I-NP
+billion CD I-NP
+, , O
+and CC O
+Congress NNP B-NP
+specifically RB B-ADVP
+added VBD B-VP
+$ $ B-NP
+7.4 CD I-NP
+million CD I-NP
+for IN B-PP
+stepped VBN O
+up IN B-PRT
+criminal JJ B-NP
+investigations NNS I-NP
+of IN B-PP
+money NN B-NP
+laundering NN I-NP
+related VBN B-VP
+to TO B-PP
+drug NN B-NP
+traffic NN I-NP
+. . O
+
+The DT B-NP
+large JJ I-NP
+increase NN I-NP
+in IN B-PP
+Customs NNP B-NP
+Service NNP I-NP
+air-interdiction NN I-NP
+funds NNS I-NP
+is VBZ B-VP
+also RB I-VP
+intended VBN I-VP
+to TO I-VP
+counter VB I-VP
+smuggling VBG B-NP
+, , O
+and CC O
+the DT B-NP
+annual JJ I-NP
+appropriations NNS I-NP
+level VBP I-NP
+has VBZ B-VP
+more RBR I-VP
+than IN I-VP
+quadrupled VBN I-VP
+in IN B-PP
+five CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+196.7 CD I-NP
+million CD I-NP
+provided VBN B-VP
+for IN B-PP
+fiscal JJ B-NP
+1990 CD I-NP
+anticipates VBZ B-VP
+the DT B-NP
+purchase NN I-NP
+of IN B-PP
+a DT B-NP
+Lockheed NNP I-NP
+P-3 NN I-NP
+surveillance NN I-NP
+aircraft NN I-NP
+and CC O
+five CD B-NP
+Cessna NNP I-NP
+Citation NNP I-NP
+II NNP I-NP
+jets NNS I-NP
+. . O
+
+Despite IN B-PP
+administration NN B-NP
+reservations NNS I-NP
+, , O
+the DT B-NP
+plan NN I-NP
+has VBZ B-VP
+had VBN I-VP
+the DT B-NP
+quiet JJ I-NP
+backing NN I-NP
+of IN B-PP
+customs NNS B-NP
+officials NNS I-NP
+as RB B-CONJP
+well RB I-CONJP
+as IN I-CONJP
+influential JJ B-NP
+lawmakers NNS I-NP
+from IN B-PP
+Cessna NNP B-NP
+'s POS B-NP
+home NN I-NP
+state NN I-NP
+, , O
+Kansas NNP B-NP
+. . O
+
+Among IN B-PP
+legislative JJ B-NP
+provisions NNS I-NP
+attached VBN B-VP
+to TO B-PP
+the DT B-NP
+bill NN I-NP
+is VBZ B-VP
+a DT B-NP
+ban NN I-NP
+on IN B-PP
+any DT B-NP
+Treasury NNP I-NP
+Department NNP I-NP
+expenditure NN I-NP
+for IN B-PP
+enforcement NN B-NP
+of IN B-PP
+a DT B-NP
+1986 CD I-NP
+tax NN I-NP
+provision NN I-NP
+intended VBN B-VP
+to TO I-VP
+counter VB I-VP
+discrimination NN B-NP
+in IN B-PP
+employee-benefit JJ B-NP
+plans NNS I-NP
+. . O
+
+Small-business NN B-NP
+interests NNS I-NP
+have VBP B-VP
+lobbied VBN I-VP
+against IN B-PP
+the DT B-NP
+so-called JJ I-NP
+Section NN I-NP
+89 CD I-NP
+tax NN I-NP
+rules NNS I-NP
+. . O
+
+Repeal NN B-NP
+is VBZ B-VP
+considered VBN I-VP
+likely JJ B-ADJP
+now RB B-ADVP
+, , O
+but CC O
+the DT B-NP
+Treasury NNP I-NP
+Department NNP I-NP
+bill NN I-NP
+has VBZ B-VP
+been VBN I-VP
+used VBN I-VP
+as IN B-PP
+a DT B-NP
+vehicle NN I-NP
+to TO B-VP
+raise VB I-VP
+the DT B-NP
+profile NN I-NP
+of IN B-PP
+the DT B-NP
+issue NN I-NP
+and CC O
+block VB B-VP
+any DT B-NP
+action NN I-NP
+in IN B-PP
+the DT B-NP
+interim NN I-NP
+. . O
+
+Less RBR B-ADJP
+noticed VBD I-ADJP
+is VBZ B-VP
+a DT B-NP
+bit NN I-NP
+of IN B-PP
+legislative JJ B-NP
+legerdemain NN I-NP
+by IN B-PP
+Houston NNP B-NP
+Republicans NNPS I-NP
+on IN B-PP
+behalf NN B-NP
+of IN B-PP
+HEI NNP B-NP
+Corp. NNP I-NP
+of IN B-PP
+Texas NNP B-NP
+to TO B-VP
+retroactively RB I-VP
+`` `` I-VP
+move NN I-VP
+'' '' O
+a DT B-NP
+Missouri NNP I-NP
+hospital NN I-NP
+from IN B-PP
+one CD B-NP
+county NN I-NP
+to TO B-PP
+the DT B-NP
+next JJ I-NP
+to TO B-VP
+justify VB I-VP
+higher JJR B-NP
+Medicare NNP I-NP
+reimbursements NNS I-NP
+. . O
+
+The DT B-NP
+provision NN I-NP
+seeks VBZ B-VP
+to TO I-VP
+wipe VB I-VP
+out RP B-PRT
+an DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+1.4 CD I-NP
+million CD I-NP
+in IN B-PP
+claims NNS B-NP
+made VBN B-VP
+by IN B-PP
+the DT B-NP
+Health NNP I-NP
+Care NNP I-NP
+Finance NNP I-NP
+Administration NNP I-NP
+against IN B-PP
+HEI NNP B-NP
+, , O
+which WDT B-NP
+owned VBD B-VP
+the DT B-NP
+hospital NN I-NP
+in IN B-PP
+Sullivan NNP B-NP
+, , O
+Mo. NNP B-NP
+, , O
+during IN B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+four-year JJ I-NP
+period NN I-NP
+-- : O
+1983-1987 CD B-NP
+-- : O
+covered VBN B-VP
+in IN B-PP
+the DT B-NP
+amendment NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+separate JJ I-NP
+development NN I-NP
+, , O
+a DT B-NP
+private JJ I-NP
+meeting NN I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+this DT B-NP
+morning NN I-NP
+between IN B-PP
+House NNP B-NP
+Appropriations NNP I-NP
+Committee NNP I-NP
+Chairman NNP I-NP
+Jamie NNP I-NP
+Whitten NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Miss NNP B-NP
+. . O
+-RRB- ) O
+and CC O
+Sen. NNP B-NP
+Dale NNP I-NP
+Bumpers NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Ark NNP B-NP
+. . O
+-RRB- ) O
+in IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+end VB I-VP
+a DT B-NP
+dispute NN I-NP
+which WDT B-NP
+for IN B-PP
+two CD B-NP
+weeks NNS I-NP
+has VBZ B-VP
+delayed VBN I-VP
+action NN B-NP
+on IN B-PP
+an DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+44 CD I-NP
+billion CD I-NP
+agriculture NN I-NP
+bill NN I-NP
+. . O
+
+A DT B-NP
+House-Senate NNP I-NP
+conference NN I-NP
+reached VBD B-VP
+agreement NN B-NP
+Oct. NNP B-NP
+5 NN I-NP
+on IN B-PP
+virtually RB B-NP
+all DT I-NP
+major JJ I-NP
+provisions NNS I-NP
+of IN B-PP
+the DT B-NP
+bill NN I-NP
+, , O
+but CC O
+final JJ B-NP
+settlement NN I-NP
+has VBZ B-VP
+been VBN I-VP
+stalled VBN I-VP
+because IN B-PP
+of IN I-PP
+differences NNS B-NP
+between IN B-PP
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+over IN B-PP
+the DT B-NP
+fate NN I-NP
+of IN B-PP
+a DT B-NP
+modest JJ I-NP
+Arkansas-based JJ I-NP
+program NN I-NP
+to TO B-VP
+provide VB I-VP
+technical JJ B-NP
+information NN I-NP
+to TO B-PP
+farmers NNS B-NP
+seeking VBG B-VP
+to TO I-VP
+reduce VB I-VP
+their PRP$ B-NP
+dependence NN I-NP
+on IN B-PP
+chemical NN B-NP
+fertilizers NNS I-NP
+and CC I-NP
+pesticides NNS I-NP
+. . O
+
+The DT B-NP
+program NN I-NP
+'s POS B-NP
+nonprofit JJ I-NP
+sponsors NNS I-NP
+received VBD B-VP
+$ $ B-NP
+900,000 CD I-NP
+in IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+through IN B-PP
+an DT B-NP
+Extension NNP I-NP
+Service NNP I-NP
+grant NN I-NP
+, , O
+but CC O
+Mr. NNP B-NP
+Whitten NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+adamant JJ B-ADJP
+in IN B-PP
+insisting VBG B-VP
+that IN B-SBAR
+the DT B-NP
+program NN I-NP
+be VB B-VP
+cut VBN I-VP
+in IN B-PP
+1990 CD B-NP
+. . O
+
+The DT B-NP
+79-year-old NNP I-NP
+Mississippian NNP I-NP
+takes VBZ B-VP
+a DT B-NP
+more RBR I-NP
+orthodox JJ I-NP
+, , I-NP
+entrenched VBN I-NP
+view NN I-NP
+of IN B-PP
+agriculture NN B-NP
+policy NN I-NP
+than IN B-PP
+those DT B-NP
+in NN B-PP
+the DT B-NP
+movement NN I-NP
+to TO B-VP
+reduce VB I-VP
+chemical NN B-NP
+use NN I-NP
+, , O
+but CC O
+as IN B-PP
+a DT B-NP
+master NN I-NP
+of IN B-PP
+pork-barrel JJ B-NP
+politics NNS I-NP
+, , O
+he PRP B-NP
+is VBZ B-VP
+believed VBN I-VP
+to TO I-VP
+be VB I-VP
+annoyed VBN B-ADJP
+as IN I-ADJP
+well RB I-ADJP
+that IN B-SBAR
+the DT B-NP
+project NN I-NP
+moved VBD B-VP
+to TO B-PP
+Arkansas NNP B-NP
+from IN B-PP
+a DT B-NP
+Tennessee NNP I-NP
+center NN I-NP
+near IN B-PP
+Memphis NNP B-NP
+and CC O
+the DT B-NP
+northern JJ I-NP
+Mississippi NNP I-NP
+border NN I-NP
+. . O
+
+Michael NNP B-NP
+F. NNP I-NP
+Klatman NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+corporate JJ B-NP
+public JJ I-NP
+relations NNS I-NP
+at IN B-PP
+Data NNP B-NP
+General NNP I-NP
+Corp. NNP I-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+to TO B-PP
+the DT B-NP
+new JJ I-NP
+position NN I-NP
+of IN B-PP
+vice NN B-NP
+president NN I-NP
+, , O
+corporate JJ B-NP
+communications NNS I-NP
+, , O
+of IN B-PP
+this DT B-NP
+maker NN I-NP
+of IN B-PP
+data NNS B-NP
+storage NN I-NP
+equipment NN I-NP
+. . O
+
+B.A.T NNP B-NP
+Industries NNP I-NP
+PLC NNP I-NP
+may MD B-VP
+delay VB I-VP
+aspects NNS B-NP
+of IN B-PP
+its PRP$ B-NP
+defensive JJ I-NP
+restructuring NN I-NP
+plan NN I-NP
+-- : O
+including VBG B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Saks NNP I-NP
+Fifth NNP I-NP
+Avenue NNP I-NP
+and CC I-NP
+Marshall NNP I-NP
+Field NNP I-NP
+units NNS I-NP
+-- : O
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+the DT B-NP
+current JJ I-NP
+upheaval NN I-NP
+in IN B-PP
+financial JJ B-NP
+markets NNS I-NP
+, , O
+company NN B-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+British JJ I-NP
+conglomerate NN I-NP
+, , O
+planning VBG B-VP
+its PRP$ B-NP
+own JJ I-NP
+defensive JJ I-NP
+restructuring NN I-NP
+to TO B-VP
+fight VB I-VP
+off IN B-PRT
+a DT O
+# # O
+13.35 CD O
+billion CD O
+-LRB- ( O
+$ $ B-ADJP
+21.03 CD O
+billion CD O
+-RRB- ) O
+takeover NN B-NP
+bid NN I-NP
+by IN B-PP
+Anglo-French JJ B-NP
+financier NN I-NP
+Sir NNP I-NP
+James NNP I-NP
+Goldsmith NNP I-NP
+, , O
+intends VBZ B-VP
+to TO I-VP
+press VB I-VP
+ahead RB B-ADVP
+with IN B-PP
+an DT B-NP
+extraordinary JJ I-NP
+shareholder NN I-NP
+vote NN I-NP
+today NN B-NP
+to TO B-VP
+clear VB I-VP
+the DT B-NP
+way NN I-NP
+for IN B-PP
+its PRP$ B-NP
+value-boosting JJ I-NP
+measures NNS I-NP
+. . O
+
+If IN O
+anything NN B-NP
+, , O
+the DT B-NP
+gyrations NNS I-NP
+in IN B-PP
+world NN B-NP
+stock NN I-NP
+markets NNS I-NP
+-- : O
+and CC O
+in IN B-PP
+B.A.T NNP B-NP
+'s POS B-NP
+share NN I-NP
+price NN I-NP
+-- : O
+since IN B-PP
+last JJ B-NP
+Friday NNP I-NP
+'s POS B-NP
+sharp JJ I-NP
+Wall NNP I-NP
+Street NNP I-NP
+sell-off NN I-NP
+have VBP B-VP
+increased VBN I-VP
+the DT B-NP
+likelihood NN I-NP
+of IN B-PP
+shareholder NN B-NP
+approval NN I-NP
+for IN B-PP
+the DT B-NP
+restructuring NN I-NP
+, , O
+analysts NNS B-NP
+and CC O
+several JJ B-NP
+big JJ I-NP
+institutional JJ I-NP
+holders NNS I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Thank VB B-VP
+God NNP B-NP
+we PRP B-NP
+have VBP B-VP
+some DT B-NP
+deal NN I-NP
+on IN B-PP
+the DT B-NP
+table NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Stewart NNP B-NP
+Gilchrist NNP I-NP
+, , O
+a DT B-NP
+director NN I-NP
+at IN B-PP
+Scottish NNP B-NP
+Amicable NNP I-NP
+Investment NNP I-NP
+Managers NNS I-NP
+, , O
+which WDT B-NP
+intends VBZ B-VP
+to TO I-VP
+vote VB I-VP
+its PRP$ B-NP
+roughly RB I-NP
+1 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+favor NN B-NP
+of IN B-PP
+the DT B-NP
+restructuring NN I-NP
+. . O
+
+Investors NNS B-NP
+in IN B-PP
+B.A.T NNP B-NP
+have VBP B-VP
+been VBN I-VP
+on IN B-PP
+a DT B-NP
+roller NN I-NP
+coaster NN I-NP
+. . O
+
+B.A.T NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+London NNP B-NP
+'s POS B-NP
+best-performing JJ I-NP
+blue JJ I-NP
+chip NN I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+six CD I-NP
+months NNS I-NP
+, , O
+up IN B-ADVP
+40 CD B-NP
+% NN I-NP
+against IN B-PP
+a DT B-NP
+4 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+the DT B-NP
+Financial NNP I-NP
+Times NNP I-NP
+100-Share NNP I-NP
+Index NNP I-NP
+. . O
+
+But CC O
+this DT B-NP
+week NN I-NP
+, , O
+B.A.T NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+hit VBN I-VP
+harder JJR B-ADVP
+than IN B-PP
+other JJ B-NP
+big JJ I-NP
+U.K. NNP I-NP
+stocks NNS I-NP
+-- : O
+first JJ B-ADVP
+by IN B-PP
+the DT B-NP
+market NN I-NP
+gyrations NNS I-NP
+, , O
+then RB B-ADVP
+by IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+San NNP I-NP
+Francisco NNP I-NP
+earthquake NN I-NP
+, , O
+which WDT B-NP
+could MD B-VP
+leave VB I-VP
+B.A.T NNP B-NP
+'s POS B-NP
+Farmers NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+insurance NN I-NP
+unit NN I-NP
+facing VBG B-VP
+big JJ B-NP
+claims NNS I-NP
+. . O
+
+B.A.T NNP B-NP
+rose VBD B-VP
+five CD B-NP
+pence NN I-NP
+-LRB- ( O
+eight CD B-NP
+cents NNS I-NP
+-RRB- ) O
+to TO B-PP
+756 CD B-NP
+pence NN I-NP
+-LRB- ( O
+$ $ B-NP
+11.91 CD I-NP
+-RRB- ) O
+in IN B-PP
+London NNP B-NP
+yesterday NN B-NP
+as IN B-SBAR
+a DT B-NP
+late JJ I-NP
+market NN I-NP
+rally NN I-NP
+erased VBD B-VP
+a DT B-NP
+28-pence JJ I-NP
+fall NN I-NP
+earlier RBR B-ADVP
+in IN B-PP
+the DT B-NP
+day NN I-NP
+. . O
+
+To TO B-VP
+fight VB I-VP
+off IN B-PRT
+predators NNS B-NP
+, , O
+B.A.T NNP B-NP
+plans VBZ B-VP
+to TO I-VP
+spin VB I-VP
+off IN B-PRT
+about RB B-NP
+$ $ I-NP
+6 CD I-NP
+billion CD I-NP
+in IN B-PP
+assets NNS B-NP
+, , O
+largely RB B-ADVP
+by IN B-PP
+selling VBG B-VP
+such JJ B-NP
+U.S. NNP I-NP
+retailing NN I-NP
+units NNS I-NP
+as IN B-PP
+Marshall NNP B-NP
+Field NNP I-NP
+and CC O
+Saks NNP B-NP
+and CC B-PP
+by IN B-PP
+floating VBG B-VP
+its PRP$ B-NP
+big JJ I-NP
+paper NN I-NP
+and CC I-NP
+U.K. NNP I-NP
+retailing NN I-NP
+business NN I-NP
+via IN B-PP
+share NN B-NP
+issues NNS I-NP
+to TO B-PP
+existing VBG B-NP
+holders NNS I-NP
+. . O
+
+Proceeds NNS B-NP
+will MD B-VP
+help VB I-VP
+pay VB I-VP
+for IN B-PP
+a DT B-NP
+planned VBN I-NP
+buy-back NN I-NP
+of IN B-PP
+10 CD B-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+shares NNS I-NP
+and CC O
+a DT B-NP
+50 CD I-NP
+% NN I-NP
+dividend NN I-NP
+increase NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+the DT B-NP
+restructuring NN I-NP
+will MD B-VP
+get VB I-VP
+the DT B-NP
+required VBN I-NP
+support NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Michael NNP B-NP
+Pacitti NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+London NNP B-NP
+stockbroker NN I-NP
+UBS NNP I-NP
+Phillips NNP I-NP
+& CC I-NP
+Drew NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+shareholders NNS I-NP
+effectively RB B-ADVP
+will MD B-VP
+support VB I-VP
+the DT B-NP
+share NN I-NP
+price NN I-NP
+by IN B-PP
+clearing VBG B-VP
+the DT B-NP
+share NN I-NP
+buy-back NN I-NP
+. . O
+'' '' O
+
+But CC O
+B.A.T NNP B-NP
+'s POS B-NP
+restructuring NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+never RB I-VP
+going VBG I-VP
+to TO I-VP
+happen VB I-VP
+quickly RB B-ADVP
+, , O
+now RB B-ADVP
+will MD B-VP
+take VB I-VP
+longer RB B-ADVP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+market NN I-NP
+upheaval NN I-NP
+. . O
+
+Company NN B-NP
+officials NNS I-NP
+, , I-NP
+holders NNS I-NP
+and CC I-NP
+analysts NNS I-NP
+who WP B-NP
+previously RB B-ADVP
+expected VBN B-VP
+the DT B-NP
+disposals NNS I-NP
+to TO B-VP
+be VB I-VP
+substantially RB B-ADJP
+complete JJ I-ADJP
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+next JJ B-NP
+year NN I-NP
+'s POS I-NP
+first JJ B-NP
+half NN I-NP
+now RB B-ADVP
+say VBP B-VP
+the DT B-NP
+market NN I-NP
+gyrations NNS I-NP
+could MD B-VP
+delay VB I-VP
+the DT B-NP
+actions NNS I-NP
+well RB B-ADVP
+into IN B-PP
+the DT B-NP
+second JJ I-NP
+half NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+n't RB O
+forced VBN B-NP
+sellers NNS I-NP
+. . O
+
+We PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+an DT B-NP
+absolute JJ I-NP
+deadline NN I-NP
+and CC O
+if IN B-SBAR
+market NN B-NP
+conditions NNS I-NP
+are VBP B-VP
+truly RB B-ADJP
+awful JJ I-ADJP
+we PRP B-NP
+might MD B-VP
+decide VB I-VP
+it PRP B-NP
+is VBZ B-VP
+not RB O
+the DT B-NP
+right JJ I-NP
+time NN I-NP
+, , O
+'' '' O
+to TO B-VP
+take VB I-VP
+particular JJ B-NP
+steps NNS I-NP
+, , O
+said VBD B-VP
+Michael NNP B-NP
+Prideaux NNP I-NP
+, , O
+a DT B-NP
+B.A.T NNP I-NP
+spokesman NN I-NP
+. . O
+
+Even RB B-SBAR
+if IN I-SBAR
+B.A.T NNP B-NP
+receives VBZ B-VP
+approval NN B-NP
+for IN B-PP
+the DT B-NP
+restructuring NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+will MD B-VP
+remain VB I-VP
+in IN B-PP
+play NN B-NP
+, , O
+say VBP B-VP
+shareholders NNS B-NP
+and CC I-NP
+analysts NNS I-NP
+, , O
+though IN B-SBAR
+the DT B-NP
+situation NN I-NP
+may MD B-VP
+unfold VB I-VP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+12 CD I-NP
+months NNS I-NP
+, , O
+rather RB B-PP
+than IN I-PP
+six CD B-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+B.A.T NNP I-NP
+will MD B-VP
+be VB I-VP
+a DT B-NP
+smaller JJR I-NP
+tobacco NN I-NP
+and CC I-NP
+financial-services NNS I-NP
+hybrid JJ I-NP
+whose WP$ B-NP
+price-earnings JJ I-NP
+ratio NN I-NP
+may MD O
+more RBR B-ADVP
+closely RB I-ADVP
+reflect VB B-VP
+the DT B-NP
+lower-growth JJ I-NP
+tobacco NN I-NP
+business NN I-NP
+than IN B-PP
+the DT B-NP
+higher-multiple JJ I-NP
+financial-services NNS I-NP
+business NN I-NP
+, , O
+these DT B-NP
+holders NNS I-NP
+believe VBP B-VP
+. . O
+
+Thus RB B-ADVP
+B.A.T NNP B-NP
+'s POS B-NP
+restructuring NN I-NP
+may MD B-VP
+only RB I-VP
+make VB I-VP
+the DT B-NP
+company NN I-NP
+a DT B-NP
+more RBR I-NP
+manageable JJ I-NP
+target NN I-NP
+for IN B-PP
+other JJ B-NP
+corporate JJ I-NP
+predators NNS I-NP
+-- : O
+possibly RB B-ADVP
+such JJ B-NP
+acquisitive JJ I-NP
+bidders NNS I-NP
+as IN B-PP
+Hanson NNP B-NP
+PLC NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+last JJ I-NP
+few JJ I-NP
+days NNS I-NP
+will MD B-VP
+surely RB I-VP
+slow JJ I-VP
+down RP B-PRT
+the DT B-NP
+pace NN I-NP
+of IN B-PP
+events NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Scottish NNP B-NP
+Amicable NNP I-NP
+'s POS B-NP
+Mr. NNP I-NP
+Gilchrist NNP I-NP
+. . O
+
+`` `` O
+But CC O
+I PRP B-NP
+would MD B-VP
+n't RB I-VP
+write VB I-VP
+off IN B-PRT
+'' '' O
+Sir NNP B-NP
+James NNP I-NP
+or CC O
+other JJ B-NP
+potential JJ I-NP
+bidders NNS I-NP
+. . O
+
+Among IN B-PP
+possible JJ B-NP
+delays NNS I-NP
+, , O
+the DT B-NP
+sales NNS I-NP
+of IN B-PP
+Saks NNP B-NP
+and CC O
+Marshall NNP B-NP
+Field NNP I-NP
+-- : O
+which WDT B-NP
+were VBD B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+on IN B-PP
+the DT B-NP
+block NN I-NP
+soon RB B-ADVP
+after IN B-PP
+the DT B-NP
+crucial JJ I-NP
+Christmas NNP I-NP
+season NN I-NP
+-- : O
+may MD B-VP
+slide VB I-VP
+into IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+or CC I-NP
+second JJ I-NP
+half NN I-NP
+. . O
+
+Analysts NNS B-NP
+estimate VBP B-VP
+that IN B-SBAR
+sales NNS B-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+businesses NNS I-NP
+could MD B-VP
+raise VB I-VP
+roughly RB B-NP
+$ $ I-NP
+2 CD I-NP
+billion CD I-NP
+. . O
+
+B.A.T NNP B-NP
+is VBZ B-VP
+n't RB I-VP
+predicting VBG I-VP
+a DT B-NP
+postponement NN I-NP
+because IN B-SBAR
+the DT B-NP
+units NNS I-NP
+`` `` O
+are VBP B-VP
+quality NN B-NP
+businesses NNS I-NP
+and CC O
+we PRP B-NP
+are VBP B-VP
+encouraged VBN I-VP
+by IN B-PP
+the DT B-NP
+breadth NN I-NP
+of IN B-PP
+inquiries NNS B-NP
+, , O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Prideaux NNP I-NP
+. . O
+
+But CC O
+the DT B-NP
+delay NN I-NP
+could MD B-VP
+happen VB I-VP
+if IN B-SBAR
+B.A.T NNP B-NP
+does VBZ B-VP
+n't RB I-VP
+get VB I-VP
+adequate JJ B-NP
+bids NNS I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+People NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+B.A.T NNP B-NP
+say VBP B-VP
+possible JJ B-NP
+acquirers NNS I-NP
+for IN B-PP
+the DT B-NP
+units NNS I-NP
+include VBP B-VP
+managers NNS B-NP
+from IN B-PP
+both DT B-NP
+retailing NN I-NP
+chains NNS I-NP
+, , O
+and CC O
+General NNP B-NP
+Cinema NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+interested JJ B-ADJP
+in IN B-PP
+bidding NN B-VP
+for IN B-PP
+Saks NNP B-NP
+. . O
+
+Other JJ B-NP
+potential JJ I-NP
+bidders NNS I-NP
+for IN B-PP
+parts NNS B-NP
+of IN B-PP
+B.A.T NNP B-NP
+'s POS B-NP
+U.S. NNP I-NP
+retail JJ I-NP
+unit NN I-NP
+include VBP B-VP
+Dillard NNP B-NP
+Department NNP I-NP
+Stores NNP I-NP
+Inc. NNP I-NP
+, , O
+May NNP B-NP
+Department NNP I-NP
+Stores NNP I-NP
+Co. NNP I-NP
+and CC O
+Limited NNP B-NP
+Inc NNP I-NP
+. . O
+
+B.A.T NNP B-NP
+has VBZ B-VP
+declined VBN I-VP
+to TO I-VP
+identify VB I-VP
+the DT B-NP
+potential JJ I-NP
+bidders NNS I-NP
+. . O
+
+Though IN O
+Sir NNP B-NP
+James NNP I-NP
+has VBZ B-VP
+said VBD I-VP
+he PRP B-NP
+intends VBZ B-VP
+to TO I-VP
+mount VB I-VP
+a DT B-NP
+new JJ I-NP
+bid NN I-NP
+for IN B-PP
+B.A.T NNP B-NP
+once RB B-SBAR
+approval NN B-NP
+from IN B-PP
+U.S. NNP B-NP
+insurance NN I-NP
+regulators NNS I-NP
+is VBZ B-VP
+received VBN I-VP
+, , O
+jitters NNS B-NP
+over IN B-PP
+prospects NNS B-NP
+for IN B-PP
+junk-bond NN B-NP
+financing NN I-NP
+and CC O
+U.S. NNP B-NP
+leverage NN I-NP
+buy-outs NNS I-NP
+are VBP B-VP
+making VBG I-VP
+investors NNS B-NP
+more RBR B-ADJP
+skeptical JJ I-ADJP
+about IN B-PP
+Sir NNP B-NP
+James NNP I-NP
+'s POS B-NP
+prospects NNS I-NP
+. . O
+
+His PRP$ B-NP
+initial JJ I-NP
+offer NN I-NP
+indicated VBD B-VP
+he PRP B-NP
+needed VBD B-VP
+to TO I-VP
+raise VB I-VP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+80 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+takeover NN I-NP
+financing NN I-NP
+through IN B-PP
+the DT B-NP
+debt NN I-NP
+markets NNS I-NP
+. . O
+
+Market NN B-NP
+uncertainty NN I-NP
+also RB B-ADVP
+clouds VBZ B-VP
+the DT B-NP
+outlook NN I-NP
+for IN B-PP
+B.A.T NNP B-NP
+'s POS B-NP
+attracting VBG B-VP
+a DT B-NP
+premium NN I-NP
+price NN I-NP
+for IN B-PP
+its PRP$ B-NP
+U.S. NNP I-NP
+retailing NN I-NP
+properties NNS I-NP
+. . O
+
+Finally RB B-ADVP
+, , O
+Tuesday NNP B-NP
+'s POS B-NP
+California NNP I-NP
+earthquake NN I-NP
+initially RB B-ADVP
+knocked VBD B-VP
+3.7 CD B-NP
+% NN I-NP
+off IN B-PP
+B.A.T NNP B-NP
+'s POS B-NP
+share NN I-NP
+price NN I-NP
+in IN B-PP
+London NNP B-NP
+yesterday NN B-NP
+because IN B-PP
+of IN I-PP
+fears NNS B-NP
+of IN B-PP
+the DT B-NP
+potential JJ I-NP
+claims NNS I-NP
+to TO B-PP
+Los NNP B-NP
+Angeles-based JJ I-NP
+Farmers NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+a DT B-NP
+substantial JJ I-NP
+portion NN I-NP
+of IN B-PP
+its PRP$ B-NP
+property NN I-NP
+and CC I-NP
+casualty NN I-NP
+exposure NN I-NP
+in IN B-PP
+California NNP B-NP
+. . O
+
+On IN B-PP
+Farmers NNP B-NP
+, , O
+Mr. NNP B-NP
+Prideaux NNP I-NP
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+too RB B-ADVP
+early JJ I-ADVP
+to TO B-VP
+quantify VB I-VP
+the DT B-NP
+level NN I-NP
+of IN B-PP
+potential JJ B-NP
+claims NNS I-NP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+B.A.T NNP B-NP
+`` `` O
+has VBZ B-VP
+no DT B-NP
+expectation NN I-NP
+of IN B-PP
+a DT B-NP
+material NN I-NP
+impact NN I-NP
+on IN B-PP
+Farmers NNP B-NP
+. . O
+
+Bridge NNP B-NP
+and CC I-NP
+highway NN I-NP
+collapses VBZ I-NP
+will MD B-VP
+disrupt VB I-VP
+truck NN B-NP
+and CC I-NP
+auto NN I-NP
+transportation NN I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+for IN B-PP
+months NNS B-NP
+to TO B-VP
+come VB I-VP
+. . O
+
+But CC O
+rail NN B-NP
+, , I-NP
+air NN I-NP
+and CC I-NP
+ocean-shipping NN I-NP
+links NNS I-NP
+to TO B-PP
+the DT B-NP
+area NN I-NP
+escaped VBD B-VP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+with IN B-PP
+only RB B-NP
+minor JJ I-NP
+damage NN I-NP
+, , O
+and CC O
+many JJ B-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+operating VBG I-VP
+normally RB B-ADVP
+today NN B-NP
+, , O
+government NN B-NP
+and CC I-NP
+corporate JJ I-NP
+transport NN I-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+Air NN B-NP
+traffic NN I-NP
+at IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+International NNP I-NP
+Airport NNP I-NP
+was VBD B-VP
+running VBG I-VP
+about IN B-NP
+50 CD I-NP
+% NN I-NP
+of IN B-PP
+normal JJ B-NP
+yesterday NN B-NP
+afternoon NN I-NP
+, , O
+but CC O
+airport NN B-NP
+officals NNS I-NP
+said VBD B-VP
+they PRP B-NP
+expect VBP B-VP
+a DT B-NP
+return NN I-NP
+to TO B-PP
+full JJ B-NP
+operations NNS I-NP
+by IN B-PP
+Saturday NNP B-NP
+. . O
+
+The DT B-NP
+major JJ I-NP
+gateway NN I-NP
+to TO B-PP
+Asia NNP B-NP
+and CC O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+10 CD I-NP
+busiest JJS I-NP
+airports NNS I-NP
+was VBD B-VP
+closed VBN I-VP
+to TO B-PP
+all DT B-NP
+but CC O
+emergency NN B-NP
+traffic NN I-NP
+from IN B-PP
+the DT B-NP
+time NN I-NP
+the DT B-NP
+quake NN I-NP
+hit VBD B-VP
+Tuesday NNP B-NP
+afternoon NN I-NP
+, , O
+until IN B-PP
+6 CD B-NP
+a.m. NN I-NP
+PDT NNP I-NP
+yesterday NN I-NP
+when WRB B-ADVP
+controllers NNS B-NP
+returned VBD B-VP
+to TO B-PP
+the DT B-NP
+tower NN I-NP
+. . O
+
+Getting VBG B-VP
+to TO B-PP
+and CC I-PP
+from IN I-PP
+the DT B-NP
+airport NN I-NP
+in IN B-PP
+coming VBG B-NP
+weeks NNS I-NP
+may MD B-VP
+be VB I-VP
+the DT B-NP
+problem NN I-NP
+, , O
+however RB B-ADVP
+. . O
+
+`` `` O
+People NNS B-NP
+'s POS B-NP
+ability NN I-NP
+to TO B-VP
+drive VB I-VP
+throughout IN B-PP
+the DT B-NP
+bay NN I-NP
+area NN I-NP
+is VBZ B-VP
+greatly RB I-VP
+restricted VBN I-VP
+, , O
+'' '' O
+said VBD B-VP
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+the DT B-NP
+American NNP I-NP
+Automobile NNP I-NP
+Association NNP I-NP
+. . O
+
+Tom NNP B-NP
+Schumacher NNP I-NP
+, , O
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+and CC O
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+Trucking NNP I-NP
+Association NNP I-NP
+in IN B-PP
+Sacremento NNP B-NP
+, , O
+said VBD B-VP
+his PRP$ B-NP
+organization NN I-NP
+urged VBD B-VP
+trucking NN B-NP
+firms NNS I-NP
+to TO B-VP
+halt VB I-VP
+all DT B-NP
+deliveries NNS I-NP
+into IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+yesterday NN B-NP
+, , O
+except IN B-PP
+for IN B-PP
+emergency-medical JJ B-NP
+supplies NNS I-NP
+. . O
+
+`` `` O
+Some DT B-NP
+foodstuff NN I-NP
+shipments NNS I-NP
+will MD B-VP
+probably RB I-VP
+resume VB I-VP
+Thursday NNP B-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Right RB B-ADVP
+now RB I-ADVP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+roads NNS I-NP
+into IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+are VBP B-VP
+closed VBN I-VP
+, , O
+but CC O
+the DT B-NP
+list NN I-NP
+of IN B-PP
+closings NNS B-NP
+changes NNS B-VP
+about IN B-NP
+every DT I-NP
+20 CD I-NP
+minutes NNS I-NP
+. . O
+
+This DT B-NP
+-LCB- ( O
+Wednesday NNP O
+-RCB- ) O
+morning NN B-NP
+the DT B-NP
+San NNP I-NP
+Mateo NNP I-NP
+bridge NN I-NP
+was VBD B-VP
+open JJ B-ADJP
+and CC O
+now RB B-ADVP
+we PRP B-NP
+are VBP B-VP
+informed VBN I-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+closed VBN B-ADJP
+, , O
+'' '' O
+Mr. NNP B-NP
+Schumacher NNP I-NP
+said VBD B-VP
+. . O
+
+United NNP B-NP
+Parcel NNP I-NP
+Service NNP I-NP
+, , O
+Greenwich NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+said VBD B-VP
+its PRP$ B-NP
+operations NNS I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+have VBP B-VP
+been VBN I-VP
+reduced VBN I-VP
+to TO B-PP
+40 CD B-NP
+% NN I-NP
+of IN B-PP
+normal JJ B-NP
+. . O
+
+A DT B-NP
+UPS NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+that IN B-SBAR
+although IN B-SBAR
+none NN B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+terminals NNS I-NP
+, , I-NP
+trucks NNS I-NP
+or CC I-NP
+airplanes NNS I-NP
+were VBD B-VP
+damaged VBN I-VP
+in IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+road NN B-NP
+shutdowns NNS I-NP
+and CC O
+power NN B-NP
+failures NNS I-NP
+have VBP B-VP
+impeded VBN I-VP
+its PRP$ B-NP
+pickup NN I-NP
+and CC I-NP
+delivery NN I-NP
+of IN B-PP
+packages NNS B-NP
+. . O
+
+The DT B-NP
+spokesman NN I-NP
+noted VBD B-VP
+four-hour JJ B-NP
+to TO I-NP
+five-hour JJ I-NP
+traffic NN I-NP
+delays NNS I-NP
+on IN B-PP
+the DT B-NP
+San NNP I-NP
+Mateo NNP I-NP
+bridge NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+power NN B-NP
+failures NNS I-NP
+prevented VBD B-VP
+its PRP$ B-NP
+package-sorting NN I-NP
+facilities NNS I-NP
+from IN B-PP
+operating VBG B-VP
+, , O
+causing VBG B-VP
+delays NNS B-NP
+. . O
+
+But CC O
+freight NN B-NP
+railroads NNS I-NP
+reported VBD B-VP
+that DT O
+damage NN B-NP
+to TO B-PP
+their PRP$ B-NP
+facilities NNS I-NP
+was VBD B-VP
+relatively RB B-ADJP
+minor JJ I-ADJP
+, , O
+with IN B-SBAR
+Santa NNP B-NP
+Fe NNP I-NP
+Pacific NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+rail NN I-NP
+unit NN I-NP
+the DT B-NP
+least RBS I-NP
+affected VBN I-NP
+by IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+Santa NNP B-NP
+Fe NNP I-NP
+stopped VBD B-VP
+freight NN B-NP
+trains NNS I-NP
+Tuesday NNP B-NP
+night NN I-NP
+while IN B-SBAR
+its PRP$ B-NP
+officials NNS I-NP
+inspected VBD B-VP
+track NN B-NP
+but CC O
+resumed VBD B-VP
+service NN B-NP
+at IN B-PP
+10:45 CD B-NP
+p.m. NN I-NP
+when WRB B-ADVP
+they PRP B-NP
+found VBD B-VP
+no DT B-NP
+damage NN I-NP
+. . O
+
+Union NNP B-NP
+Pacific NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+rail NN I-NP
+unit NN I-NP
+said VBD B-VP
+that IN B-SBAR
+except IN B-PP
+for IN B-PP
+damage NN B-NP
+to TO B-PP
+shipping VBG B-NP
+containers NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+Oakland NNP I-NP
+yard NN I-NP
+, , O
+its PRP$ B-NP
+track NN I-NP
+, , I-NP
+bridges NNS I-NP
+and CC I-NP
+structures NNS I-NP
+were VBD B-VP
+unharmed JJ B-ADJP
+. . O
+
+That DT B-NP
+railroad NN I-NP
+is VBZ B-VP
+operating VBG I-VP
+trains NNS B-NP
+but CC B-PP
+with IN B-PP
+delays NNS B-NP
+caused VBN B-VP
+by IN B-PP
+employees NNS B-NP
+unable JJ B-ADJP
+to TO B-VP
+get VB I-VP
+to TO B-PP
+work VB B-NP
+. . O
+
+Southern NNP B-NP
+Pacific NNP I-NP
+Transportation NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+hardest JJS I-NP
+hit VBD I-NP
+of IN B-PP
+the DT B-NP
+three CD I-NP
+railroads NNS I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+, , O
+said VBD B-VP
+service NN B-NP
+on IN B-PP
+its PRP$ B-NP
+north-south JJ I-NP
+coastline NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+used VBN I-VP
+by IN B-PP
+an DT B-NP
+Amtrak NNP I-NP
+train NN I-NP
+between IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+and CC O
+Seattle NNP B-NP
+, , O
+was VBD B-VP
+suspended VBN I-VP
+temporarily RB B-ADVP
+because IN B-PP
+of IN I-PP
+kinked JJ B-NP
+rails NNS I-NP
+near IN B-PP
+the DT B-NP
+epicenter NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+But CC O
+service NN B-NP
+on IN B-PP
+the DT B-NP
+line NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+resume VB I-VP
+by IN B-PP
+noon NN B-NP
+today NN B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+had VBD B-VP
+no DT B-NP
+serious JJ I-NP
+damage NN I-NP
+on IN B-PP
+the DT B-NP
+railroad NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+a DT B-NP
+Southern NNP I-NP
+Pacific NNP I-NP
+spokesman NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+have VBP B-VP
+no DT B-NP
+problem NN I-NP
+to TO B-PP
+our PRP$ B-NP
+freight NN I-NP
+service NN I-NP
+at IN B-ADVP
+all DT I-ADVP
+expect VBP B-PP
+for IN B-PP
+the DT B-NP
+fact NN I-NP
+businesses NNS B-NP
+are VBP B-VP
+shut VBN I-VP
+down RB B-PRT
+. . O
+'' '' O
+
+Amtrak NNP B-NP
+said VBD B-VP
+it PRP B-NP
+suspended VBD B-VP
+train NN B-NP
+service NN I-NP
+into IN B-PP
+its PRP$ B-NP
+Oakland NNP I-NP
+station NN I-NP
+, , O
+which WDT B-NP
+sustained VBD B-VP
+`` `` O
+heavy JJ B-NP
+structural JJ I-NP
+damage NN I-NP
+'' '' O
+during IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+The DT B-NP
+passenger NN I-NP
+railroad NN I-NP
+said VBD B-VP
+it PRP B-NP
+terminated VBD B-VP
+some DT B-NP
+runs VBZ I-NP
+in IN B-PP
+Sacramento NNP B-NP
+, , O
+relying VBG B-VP
+on IN B-PP
+buses NNS B-NP
+to TO B-VP
+ferry VB I-VP
+passengers NNS B-NP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+. . O
+
+Amtrak NNP B-NP
+said VBD B-VP
+it PRP B-NP
+planned VBD B-VP
+to TO I-VP
+resume VB I-VP
+some DT B-NP
+train NN I-NP
+operations NNS I-NP
+to TO B-PP
+Oakland NNP B-NP
+late JJ B-NP
+yesterday NN I-NP
+. . O
+
+Rail-transit NN B-NP
+operations NNS I-NP
+suffered VBD B-VP
+little JJ B-NP
+damage NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Albert NNP B-NP
+Engelken NNP I-NP
+, , O
+deputy NN B-NP
+executive JJ I-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+American NNP I-NP
+Public NNP I-NP
+Transit NNP I-NP
+Association NNP I-NP
+in IN B-PP
+Washington NNP B-NP
+. . O
+
+The DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+Rapid NNP I-NP
+Transit NNP I-NP
+`` `` O
+withstood VBD B-VP
+the DT B-NP
+earthquake NN I-NP
+perfectly RB B-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Engelken NNP I-NP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+the DT B-NP
+rail NN I-NP
+system NN I-NP
+was VBD B-VP
+running VBG I-VP
+a DT B-NP
+full JJ I-NP
+fleet NN I-NP
+of IN B-PP
+45 CD B-NP
+trains NNS I-NP
+during IN B-PP
+the DT B-NP
+day NN I-NP
+to TO B-VP
+provide VB I-VP
+an DT B-NP
+alternative NN I-NP
+for IN B-PP
+highway NN B-NP
+travelers NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+highway NN I-NP
+system NN I-NP
+is VBZ B-VP
+screwed VBN I-VP
+up IN B-PRT
+'' '' O
+by IN B-PP
+the DT B-NP
+earthquake NN I-NP
+, , O
+Mr. NNP B-NP
+Engelken NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+The DT B-NP
+transit NN I-NP
+system NN I-NP
+is VBZ B-VP
+how WRB B-ADVP
+people NNS B-NP
+are VBP B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+getting VBG I-VP
+around IN B-ADVP
+. . O
+'' '' O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+trolley NN I-NP
+cars NNS I-NP
+and CC I-NP
+trolley NN I-NP
+buses NNS I-NP
+were VBD B-VP
+also RB I-VP
+running VBG I-VP
+at IN B-PP
+full JJ B-NP
+service NN I-NP
+levels NNS I-NP
+. . O
+
+Although IN B-SBAR
+air-traffic NN B-NP
+delays NNS I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+were VBD B-VP
+significant JJ B-ADJP
+yesterday NN B-NP
+, , O
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+appear VB I-VP
+to TO I-VP
+spread VB I-VP
+to TO B-PP
+other JJ B-NP
+airports NNS I-NP
+. . O
+
+The DT B-NP
+earthquake NN I-NP
+shattered VBD B-VP
+windows NNS B-NP
+at IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+International NNP I-NP
+'s POS B-NP
+air-traffic NN I-NP
+control NN I-NP
+tower NN I-NP
+and CC O
+rained VBD B-VP
+pieces NNS B-NP
+of IN B-PP
+the DT B-NP
+ceiling NN I-NP
+down RB B-ADVP
+on IN B-PP
+controllers NNS B-NP
+, , O
+three CD B-NP
+of IN B-PP
+whom WP B-NP
+suffered VBD B-VP
+minor JJ B-NP
+injuries NNS I-NP
+. . O
+
+Terminals NNS B-NP
+at IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+International NNP I-NP
+also RB B-ADVP
+were VBD B-VP
+damaged VBN I-VP
+, , O
+but CC O
+the DT B-NP
+tower NN I-NP
+itself PRP B-NP
+was VBD B-VP
+intact JJ B-ADJP
+. . O
+
+Tuesday NNP B-NP
+night NN I-NP
+, , O
+thousands NNS B-NP
+were VBD B-VP
+diverted VBN I-VP
+to TO B-PP
+other JJ B-NP
+airports NNS I-NP
+and CC O
+had VBD B-VP
+to TO I-VP
+wait VB I-VP
+a DT B-NP
+day NN I-NP
+to TO B-VP
+resume VB I-VP
+travel NN B-NP
+. . O
+
+Runways NNS B-NP
+at IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+were VBD B-VP
+n't RB I-VP
+damaged VBN I-VP
+, , O
+but CC O
+traffic NN B-NP
+was VBD B-VP
+being VBG I-VP
+limited JJ I-VP
+yesterday NN B-NP
+to TO B-PP
+27 CD B-NP
+arrivals NNS I-NP
+and CC O
+27 CD B-NP
+departures NNS I-NP
+an DT B-NP
+hour NN I-NP
+-- : O
+down RB B-ADVP
+from IN B-PP
+33 CD B-NP
+to TO I-NP
+45 CD I-NP
+an DT B-NP
+hour NN I-NP
+normally RB B-ADVP
+-- : O
+mainly RB B-ADVP
+because IN B-SBAR
+the DT B-NP
+noise NN I-NP
+level NN I-NP
+in IN B-PP
+the DT B-NP
+control NN I-NP
+tower NN I-NP
+was VBD B-VP
+overwhelming JJ B-ADJP
+without IN B-PP
+the DT B-NP
+windows NNS I-NP
+, , O
+an DT B-NP
+FAA NNP I-NP
+spokeswoman NN I-NP
+said VBD B-VP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+airport NN I-NP
+was VBD B-VP
+closed VBN B-ADJP
+, , O
+flights NNS B-NP
+were VBD B-VP
+diverted VBN I-VP
+to TO B-PP
+airports NNS B-NP
+in IN B-PP
+Sacramento NNP B-NP
+and CC I-NP
+Stockton NNP I-NP
+, , O
+Calif. NNP B-NP
+; : O
+Reno NNP B-NP
+and CC O
+Las NNP B-NP
+Vegas NNP I-NP
+, , O
+Nev. NNP B-NP
+; : O
+and CC O
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+United NNP B-NP
+Airlines NNPS I-NP
+, , O
+the DT B-NP
+largest JJS I-NP
+carrier NN I-NP
+at IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+was VBD B-VP
+operating VBG I-VP
+only RB B-NP
+50 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+scheduled VBN I-NP
+service NN I-NP
+in IN B-PP
+and CC I-PP
+out IN I-PP
+of IN B-PP
+the DT B-NP
+area NN I-NP
+because IN B-PP
+of IN I-PP
+damage NN B-NP
+to TO B-PP
+its PRP$ B-NP
+terminal NN I-NP
+, , O
+which WDT B-NP
+in IN B-PP
+turn NN B-NP
+was VBD B-VP
+causing VBG I-VP
+delays NNS B-NP
+for IN B-PP
+travelers NNS B-NP
+headed VBN B-VP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+. . O
+
+A DT B-NP
+United NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+14 CD B-NP
+of IN B-PP
+its PRP$ B-NP
+21 CD I-NP
+gates NNS I-NP
+were VBD B-VP
+unusable JJ B-ADJP
+, , O
+mainly RB B-ADVP
+because IN B-PP
+of IN I-PP
+water NN B-NP
+damage NN I-NP
+caused VBN B-VP
+when WRB B-ADVP
+a DT B-NP
+sprinkler NN I-NP
+system NN I-NP
+was VBD B-VP
+triggered VBN I-VP
+by IN B-PP
+the DT B-NP
+tremors NNS I-NP
+. . O
+
+The DT B-NP
+United NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+none NN B-NP
+of IN B-PP
+its PRP$ B-NP
+people NNS I-NP
+were VBD B-VP
+injured VBN I-VP
+at IN B-PP
+the DT B-NP
+airport NN I-NP
+; : O
+in IN B-PP
+fact NN B-NP
+, , O
+as IN B-SBAR
+the DT B-NP
+airport NN I-NP
+was VBD B-VP
+being VBG I-VP
+evacuated VBN I-VP
+Tuesday NNP B-NP
+night NN I-NP
+, , O
+two CD B-NP
+babies NNS I-NP
+were VBD B-VP
+born VBN I-VP
+. . O
+
+Yesterday NN B-NP
+, , O
+the DT B-NP
+United NNP I-NP
+ticket NN I-NP
+counter NN I-NP
+was VBD B-VP
+active JJ B-ADJP
+, , O
+with IN B-PP
+people NNS B-NP
+trying VBG B-VP
+to TO I-VP
+get VB I-VP
+flights NNS B-NP
+out IN B-ADJP
+, , O
+but CC O
+the DT B-NP
+airline NN I-NP
+said VBD B-VP
+demand NN B-NP
+for IN B-PP
+seats NNS B-NP
+into IN B-PP
+the DT B-NP
+city NN I-NP
+also RB B-ADVP
+was VBD B-VP
+active JJ B-ADJP
+, , O
+with IN B-PP
+people NNS B-NP
+trying VBG B-VP
+to TO I-VP
+get VB I-VP
+there EX B-ADVP
+to TO B-VP
+help VB I-VP
+family NN B-NP
+and CC I-NP
+friends NNS I-NP
+. . O
+
+The DT B-NP
+airports NNS I-NP
+in IN B-PP
+San NNP B-NP
+Jose NNP I-NP
+and CC O
+Oakland NNP B-NP
+were VBD B-VP
+both DT O
+fully RB B-ADJP
+operational JJ I-ADJP
+by IN B-PP
+noon NN B-NP
+yesterday NN B-NP
+, , O
+the DT B-NP
+Federal NNP I-NP
+Aviation NNP I-NP
+Administration NNP I-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+terms NNS B-NP
+of IN B-PP
+diversions NNS B-NP
+, , O
+Denver NNP B-NP
+'s POS B-NP
+Stapleton NNP I-NP
+International NNP I-NP
+may MD B-VP
+have VB I-VP
+experienced VBN I-VP
+the DT B-NP
+most RBS I-NP
+far-flung JJ I-NP
+: : O
+A DT B-NP
+United NNP I-NP
+flight NN I-NP
+from IN B-PP
+Japan NNP B-NP
+was VBD B-VP
+rerouted VBN I-VP
+there RB B-ADVP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+that DT B-NP
+'s VBZ B-VP
+the DT B-NP
+first JJ I-NP
+nonstop JJ I-NP
+commercial JJ I-NP
+passenger NN I-NP
+flight NN I-NP
+from IN B-PP
+Japan NNP B-NP
+to TO B-VP
+land VB I-VP
+here RB B-ADVP
+, , O
+'' '' O
+an DT B-NP
+airport NN I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+A DT B-NP
+Japan NNP I-NP
+Air NNP I-NP
+Lines NNPS I-NP
+spokesman NN I-NP
+said VBD B-VP
+its PRP$ B-NP
+flights NNS I-NP
+into IN B-PP
+and CC B-PP
+out IN B-PP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+were VBD B-VP
+n't RB I-VP
+affected VBN I-VP
+, , O
+but CC O
+getting VBG B-VP
+information NN B-NP
+about IN B-PP
+its PRP$ B-NP
+operations NNS I-NP
+was VBD B-VP
+difficult JJ B-ADJP
+. . O
+
+Its PRP$ B-NP
+telecommunications NNS I-NP
+headquarters NN I-NP
+in IN B-PP
+Burlingame NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+had VBD B-VP
+been VBN I-VP
+knocked VBN I-VP
+out IN B-PRT
+since IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+in IN B-PP
+the DT B-NP
+dark NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Whitbread NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+put VB B-VP
+its PRP$ B-NP
+spirits NNS I-NP
+division NN I-NP
+up IN B-ADVP
+for IN B-PP
+sale NN B-NP
+, , O
+triggering VBG B-VP
+a DT B-NP
+scramble NN I-NP
+among IN B-PP
+global JJ B-NP
+groups NNS I-NP
+for IN B-PP
+the DT B-NP
+British JJ I-NP
+company NN I-NP
+'s POS B-NP
+brands NNS I-NP
+. . O
+
+Whitbread NNP B-NP
+already RB B-ADVP
+has VBZ B-VP
+been VBN I-VP
+approached VBN I-VP
+by IN B-PP
+`` `` B-NP
+about IN I-NP
+half PDT I-NP
+a DT I-NP
+dozen NN I-NP
+'' '' I-NP
+companies NNS I-NP
+interested JJ B-ADJP
+in IN B-PP
+buying VBG B-VP
+all DT B-NP
+or CC I-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+spirits NNS I-NP
+business NN I-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+Analysts NNS B-NP
+expect VBP B-VP
+the DT B-NP
+spirits NNS I-NP
+operations NNS I-NP
+and CC O
+some DT B-NP
+California NNP I-NP
+vineyards NNS I-NP
+that IN B-NP
+also RB B-ADVP
+are VBP B-VP
+being VBG I-VP
+sold VBN I-VP
+to TO B-VP
+fetch VB I-VP
+about IN B-NP
+# # I-NP
+500 CD I-NP
+million CD I-NP
+-LRB- ( O
+$ $ B-NP
+788.8 CD I-NP
+million CD I-NP
+-RRB- ) O
+. . O
+
+Among IN B-PP
+the DT B-NP
+brands NNS I-NP
+for IN B-PP
+sale NN B-NP
+are VBP B-VP
+Beefeater NNP B-NP
+gin NN I-NP
+, , O
+the DT B-NP
+No. NN I-NP
+2 CD I-NP
+imported VBN I-NP
+gin NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+and CC O
+Laphroaig NNP B-NP
+single-malt JJ I-NP
+whiskey NN I-NP
+. . O
+
+Also RB B-ADVP
+for IN B-PP
+sale NN B-NP
+are VBP B-VP
+Buckingham NNP B-NP
+Wile NNP I-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+distributes VBZ B-VP
+Cutty NNP B-NP
+Sark NNP I-NP
+blended JJ I-NP
+whiskey NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+and CC O
+Whitbread NNP B-NP
+'s POS B-NP
+Atlas NNP I-NP
+Peak NNP I-NP
+Vineyards NNS I-NP
+in IN B-PP
+California NNP B-NP
+'s POS B-NP
+Napa NNP I-NP
+Valley NNP I-NP
+. . O
+
+Beefeater NNP B-NP
+alone RB B-ADVP
+is VBZ B-VP
+worth JJ B-ADJP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+# # I-NP
+300 CD I-NP
+million CD I-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+. . O
+
+Whitbread NNP B-NP
+bought VBD B-VP
+the DT B-NP
+Beefeater NNP I-NP
+distillery NN I-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+for IN B-PP
+# # B-NP
+174.5 CD I-NP
+million CD I-NP
+. . O
+
+That DT B-NP
+purchase NN I-NP
+represented VBD B-VP
+an DT B-NP
+attempt NN I-NP
+by IN B-PP
+Whitbread NNP B-NP
+, , O
+a DT B-NP
+venerable JJ I-NP
+British JJ I-NP
+brewer NN I-NP
+, , O
+to TO B-VP
+become VB I-VP
+a DT B-NP
+major JJ I-NP
+player NN I-NP
+in IN B-PP
+the DT B-NP
+global JJ I-NP
+liquor NN I-NP
+business NN I-NP
+. . O
+
+But CC O
+Whitbread NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+squeezed VBN I-VP
+by IN B-PP
+giant NN B-NP
+rivals NNS I-NP
+amid IN B-PP
+widespread JJ B-NP
+consolidation NN I-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+it PRP B-NP
+wants VBZ B-VP
+to TO I-VP
+concentrate VB I-VP
+on IN B-PP
+beer NN B-NP
+and CC O
+its PRP$ B-NP
+newer JJR I-NP
+hotel NN I-NP
+and CC I-NP
+restaurant NN I-NP
+operations NNS I-NP
+. . O
+
+For IN B-PP
+rival JJ B-NP
+liquor NN I-NP
+companies NNS I-NP
+, , O
+the DT B-NP
+Whitbread NNP I-NP
+auction NN I-NP
+is VBZ B-VP
+a DT B-NP
+rare JJ I-NP
+opportunity NN I-NP
+to TO B-VP
+acquire VB I-VP
+valuable JJ B-NP
+brands NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+not RB O
+very RB B-ADVP
+often RB I-ADVP
+something NN B-NP
+like IN B-PP
+this DT B-NP
+comes VBZ B-VP
+up IN B-PRT
+, , O
+'' '' O
+said VBD B-VP
+Ron NNP B-NP
+Littleboy NNP I-NP
+, , O
+a DT B-NP
+liquor NN I-NP
+company NN I-NP
+analyst NN I-NP
+at IN B-PP
+Nomura NNP B-NP
+Research NNP I-NP
+Institute NNP I-NP
+in IN B-PP
+London NNP B-NP
+. . O
+
+`` `` O
+The DT B-NP
+division NN I-NP
+will MD B-VP
+be VB I-VP
+sold VBN I-VP
+off IN B-PRT
+quite RB B-ADVP
+rapidly RB I-ADVP
+, , O
+'' '' O
+predicted VBD B-VP
+Neill NNP B-NP
+Junor NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+London NNP B-NP
+brokers NNS I-NP
+County NNP I-NP
+NatWest NNP I-NP
+WoodMac NNP I-NP
+. . O
+
+Among IN B-PP
+possible JJ B-NP
+buyers NNS I-NP
+, , O
+Grand NNP B-NP
+Metropolitan NNP I-NP
+PLC NNP I-NP
+might MD B-VP
+find VB I-VP
+Beefeater NNP B-NP
+a DT B-NP
+useful JJ I-NP
+addition NN I-NP
+to TO B-PP
+its PRP$ B-NP
+portfolio NN I-NP
+. . O
+
+Grand NNP B-NP
+Met NNP I-NP
+owns VBZ B-VP
+Bombay NNP B-NP
+gin NN I-NP
+, , O
+the DT B-NP
+No. NN I-NP
+3 CD I-NP
+imported VBN I-NP
+gin NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+; : O
+rival JJ B-NP
+Guinness NNP I-NP
+PLC NNP I-NP
+has VBZ B-VP
+the DT B-NP
+No. NN I-NP
+1 CD I-NP
+imported VBN I-NP
+brand NN I-NP
+, , O
+Tanqueray NNP B-NP
+. . O
+
+The DT B-NP
+Whitbread NNP I-NP
+spirits NNS I-NP
+auction NN I-NP
+`` `` O
+is VBZ B-VP
+an DT B-NP
+extremely RB I-NP
+interesting JJ I-NP
+development NN I-NP
+... : O
+and CC O
+naturally RB B-ADVP
+we PRP B-NP
+'ll MD B-VP
+be VB I-VP
+considering VBG I-VP
+it PRP B-NP
+carefully RB B-ADVP
+, , O
+'' '' O
+a DT B-NP
+Grand NNP I-NP
+Met NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+Guinness NNP B-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+several JJ B-NP
+leading NN I-NP
+whiskey NN I-NP
+brands NNS I-NP
+plus CC O
+Gordon NNP B-NP
+'s POS B-NP
+gin NN I-NP
+, , O
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+No. NN I-NP
+1 CD I-NP
+gin NN I-NP
+, , O
+is VBZ B-VP
+considered VBN I-VP
+less RBR B-ADJP
+likely JJ I-ADJP
+to TO B-VP
+bid VB I-VP
+for IN B-PP
+the DT B-NP
+Whitbread NNP I-NP
+spirits NNS I-NP
+. . O
+
+A DT B-NP
+Guinness NNP I-NP
+spokesman NN I-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+. . O
+
+Two CD B-NP
+other JJ I-NP
+global JJ I-NP
+liquor NN I-NP
+giants NNS I-NP
+, , O
+Canada NNP B-NP
+'s POS B-NP
+Seagram NNP I-NP
+Co. NNP I-NP
+and CC O
+Britain NNP B-NP
+'s POS B-NP
+Allied-Lyons NNP I-NP
+PLC NNP I-NP
+, , O
+also RB B-ADVP
+are VBP B-VP
+possible JJ B-NP
+buyers NNS I-NP
+. . O
+
+Seagram NNP B-NP
+'s POS B-NP
+gin NN I-NP
+is VBZ B-VP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+No. NN I-NP
+2 CD I-NP
+gin NN I-NP
+brand NN I-NP
+, , O
+but CC O
+the DT B-NP
+company NN I-NP
+does VBZ B-VP
+n't RB I-VP
+own VB I-VP
+any DT B-NP
+of IN B-PP
+the DT B-NP
+major JJ I-NP
+gin NN I-NP
+brands NNS I-NP
+imported VBN B-VP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+Allied-Lyons NNP B-NP
+, , O
+while IN B-SBAR
+powerful JJ B-ADJP
+in IN B-PP
+whiskey NN B-NP
+, , O
+does VBZ B-VP
+n't RB I-VP
+own VB I-VP
+any DT B-NP
+major JJ I-NP
+white-spirit NN I-NP
+brands NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+will MD B-VP
+certainly RB I-VP
+have VB I-VP
+to TO I-VP
+take VB I-VP
+a DT B-NP
+look NN I-NP
+at IN B-PP
+'' '' O
+the DT B-NP
+Whitbread NNP I-NP
+spirits NNS I-NP
+business NN I-NP
+, , O
+an DT B-NP
+Allied-Lyons NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+would MD B-VP
+certainly RB I-VP
+like VB I-VP
+to TO I-VP
+have VB I-VP
+a DT B-NP
+major JJ I-NP
+white-spirits JJ I-NP
+brand NN I-NP
+in IN B-PP
+our PRP$ B-NP
+portfolio NN I-NP
+. . O
+'' '' O
+
+A DT B-NP
+Seagram NNP I-NP
+spokesman NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+would MD B-VP
+n't RB I-VP
+comment VB I-VP
+. . O
+
+Smaller JJR B-NP
+liquor NN I-NP
+companies NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+Brown-Forman NNP B-NP
+Corp. NNP I-NP
+and CC O
+American NNP B-NP
+Brands NNP I-NP
+Inc. NNP I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+also RB B-ADVP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+interested JJ B-ADJP
+. . O
+
+Such JJ B-NP
+companies NNS I-NP
+`` `` O
+are VBP B-VP
+increasingly RB I-VP
+being VBG I-VP
+left VBN O
+behind IN B-ADVP
+'' '' O
+in IN B-PP
+the DT B-NP
+global JJ I-NP
+liquor NN I-NP
+business NN I-NP
+, , O
+says VBZ B-VP
+Nomura NNP B-NP
+'s POS B-NP
+Mr. NNP I-NP
+Littleboy NNP I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+American NNP B-NP
+Brands NNP I-NP
+would MD B-VP
+n't RB I-VP
+comment VB I-VP
+. . O
+
+Brown-Forman NNP B-NP
+, , O
+a DT B-NP
+Louisville NNP I-NP
+, , I-NP
+Ky. NNP I-NP
+distiller NN I-NP
+, , O
+also RB B-ADVP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+. . O
+
+Whitbread NNP B-NP
+'s POS B-NP
+wine NN B-UCP
+, , I-UCP
+spirits NNS I-UCP
+and CC I-UCP
+soft-drink NN I-UCP
+operations NNS B-NP
+had VBD B-VP
+trading NN B-NP
+profit NN I-NP
+of IN B-PP
+# # B-NP
+35.4 CD I-NP
+million CD I-NP
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+# # B-NP
+315.5 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year NN I-NP
+ended VBN B-VP
+Feb. NNP B-NP
+25 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+retaining VBG I-VP
+most RBS B-NP
+of IN B-PP
+its PRP$ B-NP
+wine NN I-NP
+and CC O
+all DT B-NP
+of IN B-PP
+its PRP$ B-NP
+soft-drink NN I-NP
+interests NNS B-NP
+, , O
+did VBD B-VP
+n't RB I-VP
+break VB I-VP
+out RP B-PRT
+results NNS B-NP
+for IN B-PP
+the DT B-NP
+businesses NNS I-NP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+sell VB I-VP
+. . O
+
+But CC O
+analysts NNS B-NP
+estimate VBP B-VP
+their PRP$ B-NP
+trading NN I-NP
+profit NN I-NP
+at IN B-PP
+# # B-NP
+30 CD I-NP
+million CD I-NP
+. . O
+
+Whitbread NNP B-NP
+had VBD B-VP
+total JJ B-NP
+pretax JJ I-NP
+profit NN I-NP
+in IN B-PP
+the DT B-NP
+year NN I-NP
+ended VBN B-VP
+Feb. NNP B-NP
+25 CD I-NP
+of IN B-PP
+# # B-NP
+223.2 CD I-NP
+million CD I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+# # B-NP
+2.26 CD I-NP
+billion CD I-NP
+. . O
+
+Whitbread NNP B-NP
+'s POS B-NP
+spirits NNS I-NP
+auction NN I-NP
+occurs VBZ B-VP
+amid IN B-PP
+a DT B-NP
+parallel JJ I-NP
+shakeup NN I-NP
+in IN B-PP
+the DT B-NP
+British JJ I-NP
+beer NN I-NP
+industry NN I-NP
+. . O
+
+Earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+, , O
+the DT B-NP
+government NN I-NP
+announced VBD B-VP
+plans NNS B-NP
+to TO B-VP
+foster VB I-VP
+increased VBN B-NP
+competition NN I-NP
+in IN B-PP
+the DT B-NP
+industry NN I-NP
+. . O
+
+British JJ B-NP
+brewers NNS I-NP
+currently RB B-ADVP
+own JJ B-VP
+thousands NNS B-NP
+of IN B-PP
+pubs NNS B-NP
+, , O
+which WDT B-NP
+in IN B-PP
+turn NN B-NP
+sell NN B-VP
+only RB B-ADVP
+the DT B-NP
+breweries NNS I-NP
+' POS B-NP
+beer NN I-NP
+and CC I-NP
+soft JJ I-NP
+drinks NNS I-NP
+. . O
+
+Under IN B-PP
+new JJ B-NP
+rules NNS I-NP
+, , O
+many NN B-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+pubs NNS I-NP
+would MD B-VP
+become VB I-VP
+`` `` O
+free JJ B-NP
+houses NNS I-NP
+, , O
+'' '' O
+selling VBG B-VP
+beers NNS B-NP
+of IN B-PP
+their PRP$ B-NP
+choice NN I-NP
+. . O
+
+Whitbread NNP B-NP
+now RB B-ADVP
+intends VBZ B-VP
+to TO I-VP
+bolster VB I-VP
+its PRP$ B-NP
+brewing NN I-NP
+interests NNS I-NP
+, , O
+in IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+grab VB I-VP
+a DT B-NP
+share NN I-NP
+of IN B-PP
+sales NNS B-NP
+to TO B-PP
+free VB B-NP
+houses NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+which WDT B-NP
+last JJ B-NP
+month NN I-NP
+paid VBN B-VP
+# # B-NP
+50.7 CD I-NP
+million CD I-NP
+for IN B-PP
+regional JJ B-NP
+British JJ I-NP
+brewer NN I-NP
+Boddington NNP I-NP
+Group NNP I-NP
+PLC NNP I-NP
+, , O
+has VBZ B-VP
+about IN B-NP
+13 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+British JJ I-NP
+beer NN I-NP
+market NN I-NP
+. . O
+
+Whitbread NNP B-NP
+also RB B-ADVP
+owns VBZ B-VP
+the DT B-NP
+license NN I-NP
+to TO B-VP
+brew VB I-VP
+and CC I-VP
+distribute VB I-VP
+Heineken NNP B-NP
+and CC O
+Stella NNP B-NP
+Artois NNP I-NP
+beers NNS I-NP
+in IN B-PP
+Britain NNP B-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+Whitbread NNP B-NP
+intends VBZ B-VP
+to TO I-VP
+focus VB I-VP
+on IN B-PP
+its PRP$ B-NP
+newer JJR I-NP
+hotel NN I-NP
+, , I-NP
+liquor NN I-NP
+store NN I-NP
+and CC I-NP
+restaurant NN I-NP
+businesses NNS I-NP
+in IN B-PP
+Europe NNP B-NP
+and CC O
+North NNP B-NP
+America NNP I-NP
+. . O
+
+In IN B-PP
+Britain NNP B-NP
+, , O
+those DT B-NP
+interests NNS I-NP
+include VBP B-VP
+the DT B-NP
+Beefeater NNP I-NP
+steakhouse NN I-NP
+chain NN I-NP
+and CC O
+joint JJ B-NP
+ownership NN I-NP
+with IN B-PP
+PepsiCo NNP B-NP
+Inc. NNP I-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+Pizza NNP I-NP
+Hut NNP I-NP
+chain NN I-NP
+. . O
+
+In IN B-PP
+Canada NNP B-NP
+and CC O
+the DT B-NP
+U.S. NNP I-NP
+, , O
+Whitbread NNP B-NP
+owns VBZ B-VP
+The DT B-NP
+Keg NNP I-NP
+chain NN I-NP
+of IN B-PP
+steak NN B-NP
+and CC I-NP
+seafood NN I-NP
+restaurants NNS I-NP
+. . O
+
+Focusing VBG B-VP
+on IN B-PP
+beer NN B-NP
+, , I-NP
+restaurants NNS I-NP
+and CC I-NP
+hotels NNS I-NP
+means VBZ B-VP
+`` `` O
+we PRP B-NP
+can MD B-VP
+concentrate VB I-VP
+our PRP$ B-NP
+skills NNS I-NP
+and CC I-NP
+resources NNS I-NP
+more RBR B-ADVP
+effectively RB I-ADVP
+, , O
+'' '' O
+Peter NNP B-NP
+Jarvis NNP I-NP
+, , O
+Whitbread NNP B-NP
+'s POS B-NP
+managing VBG I-NP
+director NN I-NP
+, , O
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+statement NN I-NP
+. . O
+
+The DT B-NP
+spirits NNS I-NP
+business NN I-NP
+`` `` O
+would MD B-VP
+require VB I-VP
+substantial JJ B-NP
+additional JJ I-NP
+investment NN I-NP
+to TO B-VP
+enable VB I-VP
+it PRP B-NP
+to TO B-VP
+compete VB I-VP
+effectively RB B-ADVP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+division NN I-NP
+of IN B-PP
+global JJ B-NP
+players NNS I-NP
+. . O
+'' '' O
+
+Whitbread NNP B-NP
+also RB B-ADVP
+announced VBD B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Jarvis NNP I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+48 CD B-NP
+, , O
+will MD B-VP
+become VB I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+chief JJ I-NP
+executive NN I-NP
+March NNP B-NP
+1 CD I-NP
+. . O
+
+At IN B-PP
+that DT B-NP
+time NN I-NP
+Sam NNP B-NP
+Whitbread NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+chairman NN I-NP
+and CC O
+a DT B-NP
+descendant NN I-NP
+of IN B-PP
+its PRP$ B-NP
+18th-century JJ I-NP
+founder NN I-NP
+, , O
+will MD B-VP
+retire VB I-VP
+from IN B-PP
+executive NN B-NP
+duties NNS I-NP
+. . O
+
+He PRP B-NP
+will MD B-VP
+retain VB I-VP
+the DT B-NP
+honorary JJ I-NP
+title NN I-NP
+of IN B-PP
+non-executive JJ B-NP
+chairman NN I-NP
+. . O
+
+The DT B-NP
+Treasury NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+raise VB I-VP
+$ $ B-NP
+700 CD I-NP
+million CD I-NP
+in IN B-PP
+new JJ B-NP
+cash NN I-NP
+with IN B-PP
+the DT B-NP
+sale NN I-NP
+Tuesday NNP B-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+10 CD I-NP
+billion CD I-NP
+in IN B-PP
+two-year JJ B-NP
+notes NNS I-NP
+to TO B-VP
+redeem VB I-VP
+$ $ B-NP
+9.29 CD I-NP
+billion CD I-NP
+in IN B-PP
+maturing VBG B-NP
+notes NNS I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+will MD B-VP
+be VB I-VP
+dated VBN I-VP
+Oct. NNP B-NP
+31 CD I-NP
+and CC O
+mature NNP B-VP
+Oct. NNP B-NP
+31 CD I-NP
+, , O
+
+Tenders NNS B-NP
+for IN B-PP
+the DT B-NP
+notes NNS I-NP
+, , O
+available JJ B-ADJP
+in IN B-PP
+minimum JJ B-NP
+$ $ I-NP
+5,000 CD I-NP
+denominations NNS I-NP
+, , O
+must MD B-VP
+be VB I-VP
+received VBN I-VP
+by IN B-PP
+1 CD B-NP
+p.m. NN I-NP
+EDT NNP I-NP
+Tuesday NNP B-NP
+at IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+or CC B-PP
+at IN B-PP
+Federal NNP B-NP
+Reserve NNP I-NP
+banks NNS I-NP
+or CC I-NP
+branches NNS I-NP
+. . O
+
+NEWHALL NNP B-NP
+LAND NNP I-NP
+& CC I-NP
+FARMING NNP I-NP
+Co. NNP I-NP
+, , O
+Valencia NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+announced VBD B-VP
+a DT B-NP
+2-for-1 JJ I-NP
+split NN I-NP
+in IN B-PP
+the DT B-NP
+real JJ I-NP
+estate NN I-NP
+limited JJ I-NP
+partnership NN I-NP
+'s POS B-NP
+units NNS I-NP
+and CC O
+increased VBN B-VP
+its PRP$ B-NP
+regular JJ I-NP
+quarterly JJ I-NP
+cash NN I-NP
+distribution NN I-NP
+33 CD B-NP
+% NN I-NP
+, , O
+to TO B-PP
+40 CD B-NP
+cents NNS I-NP
+a DT B-NP
+unit NN I-NP
+. . O
+
+The DT B-NP
+real JJ I-NP
+estate NN I-NP
+limited JJ I-NP
+partnership NN I-NP
+also RB B-ADVP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+pay VB I-VP
+a DT B-NP
+special JJ I-NP
+year-end NN I-NP
+cash NN I-NP
+distribution NN I-NP
+of IN B-PP
+10 CD B-NP
+cents NNS I-NP
+a DT B-NP
+unit NN I-NP
+. . O
+
+Both DT B-NP
+distributions NNS I-NP
+are VBP B-VP
+payable JJ B-ADJP
+Dec. NNP B-NP
+4 CD I-NP
+to TO B-PP
+limited JJ B-NP
+partners NNS I-NP
+of IN B-PP
+record NN B-NP
+Nov. NNP B-NP
+3 CD I-NP
+. . O
+
+Mellon NNP B-NP
+Bank NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+directors NNS B-NP
+authorized VBD B-VP
+the DT B-NP
+buy-back NN I-NP
+of IN B-PP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+250,000 CD I-NP
+common JJ I-NP
+shares NNS I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+holding VBG I-NP
+company NN I-NP
+said VBD B-VP
+stock NN B-NP
+repurchased VBN B-VP
+will MD B-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+meet VB I-VP
+requirements NNS B-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+benefit NN I-NP
+plans NNS I-NP
+. . O
+
+Mellon NNP B-NP
+has VBZ B-VP
+36.6 CD B-NP
+million CD I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+. . O
+
+Champion NNP B-NP
+International NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+third-quarter JJ I-NP
+profit NN I-NP
+dropped VBD B-VP
+17 CD B-NP
+% NN I-NP
+, , O
+reflecting VBG B-VP
+price NN B-NP
+declines NNS I-NP
+for IN B-PP
+certain JJ B-NP
+paper NN I-NP
+products NNS I-NP
+, , O
+operating VBG B-NP
+problems NNS I-NP
+at IN B-PP
+certain JJ B-NP
+mills NNS I-NP
+, , O
+and CC O
+other JJ B-NP
+factors NNS I-NP
+. . O
+
+The DT B-NP
+paper NN I-NP
+producer NN I-NP
+reported VBD B-VP
+that IN B-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+102.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.09 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+122.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.29 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+2.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+1.32 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+1.29 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Champion NNP B-NP
+'s POS B-NP
+shares NNS I-NP
+rose VBD B-VP
+25 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+32.125 CD I-NP
+. . O
+
+Digital NNP B-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+is VBZ B-VP
+planning VBG I-VP
+a DT B-NP
+big JJ I-NP
+coming-out JJ I-NP
+party NN I-NP
+on IN B-PP
+Tuesday NNP B-NP
+for IN B-PP
+its PRP$ B-NP
+first JJ I-NP
+line NN I-NP
+of IN B-PP
+mainframe NN B-NP
+computers NNS I-NP
+. . O
+
+But CC O
+an DT B-NP
+uninvited JJ I-NP
+guest NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+try VB I-VP
+to TO I-VP
+crash VB I-VP
+the DT B-NP
+party NN I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+morning NN I-NP
+of IN B-PP
+the DT B-NP
+long-planned JJ I-NP
+announcement NN I-NP
+, , O
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+is VBZ B-VP
+to TO I-VP
+introduce VB I-VP
+its PRP$ B-NP
+own JJ I-NP
+new JJ I-NP
+mainframe NN I-NP
+. . O
+
+`` `` O
+Their PRP$ B-NP
+attitude NN I-NP
+is VBZ B-VP
+, , O
+` `` O
+You PRP B-NP
+want VBP B-VP
+to TO I-VP
+talk VB I-VP
+mainframes NNS B-NP
+, , O
+we PRP B-NP
+'ll MD B-VP
+talk VB I-VP
+mainframes NNS B-NP
+, , O
+' '' O
+'' '' O
+says VBZ B-VP
+one CD B-NP
+computer NN I-NP
+industry NN I-NP
+executive NN I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+deliberately RB I-VP
+trying VBG I-VP
+to TO I-VP
+steal VB I-VP
+our PRP$ B-NP
+thunder NN I-NP
+, , O
+'' '' O
+a DT B-NP
+Digital NNP I-NP
+executive NN I-NP
+complains VBZ B-VP
+. . O
+
+`` `` O
+Maybe RB B-ADVP
+we PRP B-NP
+should MD B-VP
+take VB I-VP
+it PRP B-NP
+as IN B-PP
+a DT B-NP
+compliment NN I-NP
+. . O
+'' '' O
+
+Digital NNP B-NP
+'s POS B-NP
+target NN I-NP
+is VBZ B-VP
+the DT B-NP
+$ $ I-NP
+40 CD I-NP
+billion CD I-NP
+market NN I-NP
+for IN B-PP
+mainframe NN B-NP
+computers NNS I-NP
+, , O
+the DT B-NP
+closet-sized JJ I-NP
+number-crunchers NNS I-NP
+that IN B-NP
+nearly RB B-NP
+every DT I-NP
+big JJ I-NP
+company NN I-NP
+needs VBZ B-VP
+to TO B-VP
+run VB I-VP
+its PRP$ B-NP
+business NN I-NP
+. . O
+
+IBM NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Armonk NNP B-NP
+, , O
+N.Y. NNP B-NP
+, , O
+has VBZ B-VP
+dominated VBN I-VP
+the DT B-NP
+market NN I-NP
+for IN B-PP
+decades NNS B-NP
+. . O
+
+That DT B-NP
+does VBZ B-VP
+n't RB I-VP
+scare VB I-VP
+Digital NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+grown VBN I-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+second-largest JJ I-NP
+computer NN I-NP
+maker NN I-NP
+by IN B-PP
+poaching VBG B-VP
+customers NNS B-NP
+of IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+mid-range JJ I-NP
+machines NNS I-NP
+. . O
+
+Digital NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Maynard NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+hopes VBZ B-VP
+to TO I-VP
+stage VB I-VP
+a DT B-NP
+repeat NN I-NP
+performance NN I-NP
+in IN B-PP
+mainframes NNS B-NP
+, , O
+and CC O
+it PRP B-NP
+has VBZ B-VP
+spent VBN I-VP
+almost RB B-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+developing VBG B-VP
+the DT B-NP
+new JJ I-NP
+technology NN I-NP
+. . O
+
+A DT B-NP
+spoiler NN I-NP
+, , O
+nimble JJ B-NP
+Tandem NNP I-NP
+Computers NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+Cupertino NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+jumped VBD B-VP
+into IN B-PP
+the DT B-NP
+fray NN I-NP
+earlier RBR B-NP
+this DT I-NP
+week NN I-NP
+with IN B-PP
+an DT B-NP
+aggressively RB I-NP
+priced VBN I-NP
+entry NN I-NP
+. . O
+
+IBM NNP B-NP
+appears VBZ B-VP
+more RBR B-ADJP
+worried VBN I-ADJP
+about IN B-PP
+Digital NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+a DT B-NP
+broad JJ I-NP
+base NN I-NP
+of IN B-PP
+customers NNS B-NP
+waiting VBG B-VP
+for IN B-PP
+the DT B-NP
+new JJ I-NP
+line NN I-NP
+, , O
+dubbed VBD B-VP
+the DT B-NP
+VAX NNP I-NP
+9000 CD I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+nuclear JJ B-NP
+war NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Thomas NNP B-NP
+Willmott NNP I-NP
+, , O
+a DT B-NP
+consultant NN I-NP
+with IN B-PP
+Aberdeen NNP B-NP
+Group NNP I-NP
+Inc NNP I-NP
+. . O
+
+The DT B-NP
+surge NN I-NP
+in IN B-PP
+competition NN B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+stir VB I-VP
+new JJ B-NP
+life NN I-NP
+into IN B-PP
+the DT B-NP
+huge JJ I-NP
+mainframe NN I-NP
+market NN I-NP
+, , O
+where WRB B-ADVP
+growth NN B-NP
+has VBZ B-VP
+slowed VBN I-VP
+to TO B-PP
+single VB B-NP
+digits NNS I-NP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+. . O
+
+IBM NNP B-NP
+'s POS B-NP
+traditional JJ I-NP
+mainframe NN I-NP
+rivals NNS I-NP
+, , O
+including VBG B-PP
+Unisys NNP B-NP
+Corp. NNP I-NP
+, , O
+Control NNP B-NP
+Data NNP I-NP
+Corp. NNP I-NP
+and CC O
+NCR NNP B-NP
+Corp. NNP I-NP
+, , O
+have VBP B-VP
+struggled VBN I-VP
+recently RB B-ADVP
+. . O
+
+Digital NNP B-NP
+is VBZ B-VP
+promising JJ I-VP
+a DT B-NP
+new JJ I-NP
+approach NN I-NP
+. . O
+
+Robert NNP B-NP
+M. NNP I-NP
+Glorioso NNP I-NP
+, , O
+Digital NNP B-NP
+'s POS B-NP
+vice NN I-NP
+president NN I-NP
+for IN B-PP
+high JJ B-NP
+performance NN I-NP
+systems NNS I-NP
+, , O
+says VBZ B-VP
+Digital NNP B-NP
+'s POS B-NP
+mainframe NN I-NP
+is VBZ B-VP
+designed VBN I-VP
+not RB O
+as IN B-PP
+a DT B-NP
+central JJ I-NP
+computer NN I-NP
+around IN B-PP
+which WDT B-NP
+everything NN B-NP
+revolves VBZ B-VP
+, , B-PP
+but CC I-PP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+decentralized JJ I-NP
+network NN I-NP
+weaving VBG B-VP
+together RB B-ADVP
+hundreds NNS B-NP
+of IN B-PP
+workstations NNS B-NP
+, , O
+personal JJ B-NP
+computers NNS I-NP
+, , O
+printers NNS B-NP
+and CC O
+other JJ B-NP
+devices NNS I-NP
+. . O
+
+And CC O
+unlike IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+water-cooled JJ I-NP
+mainframes NNS I-NP
+, , O
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+need VB I-VP
+any DT B-NP
+plumbing NN I-NP
+. . O
+
+The DT B-NP
+challengers NNS I-NP
+will MD B-VP
+have VB I-VP
+a DT B-NP
+big JJ I-NP
+price NN I-NP
+advantage NN I-NP
+. . O
+
+Digital NNP B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+tag VB I-VP
+its PRP$ B-NP
+new JJ I-NP
+line NN I-NP
+from IN B-PP
+about RB B-NP
+$ $ I-NP
+1.24 CD I-NP
+million CD I-NP
+to TO B-PP
+$ $ B-NP
+4.4 CD I-NP
+million CD I-NP
+and CC I-NP
+up IN I-NP
+, , O
+depending VBG B-VP
+on IN B-PP
+configuration NN B-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+about IN B-NP
+half PDT I-NP
+the DT I-NP
+price NN I-NP
+of IN B-PP
+comparably RB B-NP
+equipped VBN I-NP
+IBM NNP I-NP
+mainframes NNS I-NP
+. . O
+
+Tandem NNP B-NP
+'s POS B-NP
+pricing NN I-NP
+is VBZ B-VP
+just RB B-ADJP
+as IN I-ADJP
+aggressive JJ I-ADJP
+. . O
+
+The DT B-NP
+heightened VBN I-NP
+competition NN I-NP
+will MD B-VP
+hit VB I-VP
+IBM NNP B-NP
+at IN B-PP
+a DT B-NP
+difficult JJ I-NP
+time NN I-NP
+. . O
+
+The DT B-NP
+computer NN I-NP
+giant NN I-NP
+'s POS B-NP
+current JJ I-NP
+mainframe NN I-NP
+line NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+sold VBN I-VP
+well RB B-ADVP
+and CC O
+has VBZ B-VP
+huge JJ B-NP
+profit NN I-NP
+margins NNS I-NP
+, , O
+is VBZ B-VP
+starting VBG I-VP
+to TO I-VP
+show VB I-VP
+its PRP$ B-NP
+age NN I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+3090s CD I-NP
+due JJ B-ADJP
+next JJ B-NP
+week NN I-NP
+will MD B-VP
+boost VB I-VP
+performance NN B-NP
+by IN B-PP
+only RB B-NP
+about IN I-NP
+8 CD I-NP
+% NN I-NP
+to TO I-NP
+10 CD I-NP
+% NN I-NP
+. . O
+
+And CC O
+IBM NNP B-NP
+is VBZ B-VP
+n't RB I-VP
+expected VBN I-VP
+to TO I-VP
+deliver VB I-VP
+a DT B-NP
+new JJ I-NP
+generation NN I-NP
+of IN B-PP
+mainframes NNS B-NP
+until IN B-PP
+1991 CD B-NP
+. . O
+
+Still RB B-ADVP
+, , O
+no DT B-NP
+one CD I-NP
+expects VBZ B-VP
+IBM NNP B-NP
+'s POS B-NP
+rivals NNS I-NP
+to TO B-VP
+deliver VB I-VP
+a DT B-NP
+knockout NN I-NP
+. . O
+
+IBM NNP B-NP
+has VBZ B-VP
+a DT B-NP
+near-monopoly NN I-NP
+on IN B-PP
+mainframes NNS B-NP
+, , O
+with IN B-PP
+an DT B-NP
+estimated VBN I-NP
+70 CD I-NP
+% NN I-NP
+share NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+IBM NNP B-NP
+is VBZ B-VP
+five CD B-NP
+times VBZ I-NP
+the DT I-NP
+size NN I-NP
+of IN B-PP
+Digital NNP B-NP
+-- : O
+and CC O
+40 CD B-NP
+times VBZ I-NP
+the DT I-NP
+size NN I-NP
+of IN B-PP
+Tandem NNP B-NP
+-- : O
+and CC O
+wields VBZ B-VP
+enormous JJ B-NP
+market NN I-NP
+power NN I-NP
+. . O
+
+It PRP B-NP
+counts VBZ B-VP
+among IN B-PP
+its PRP$ B-NP
+customers NNS I-NP
+a DT B-NP
+majority NN I-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+largest JJS I-NP
+corporations NNS I-NP
+, , O
+which WDT B-NP
+entrust VBP B-VP
+their PRP$ B-NP
+most RBS I-NP
+critical JJ I-NP
+business NN I-NP
+information NN I-NP
+to TO B-PP
+IBM NNP B-NP
+computers NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+not RB I-VP
+going VBG I-VP
+to TO I-VP
+walk VB I-VP
+in IN B-ADVP
+and CC O
+replace VB B-VP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+corporate JJ I-NP
+accounting NN I-NP
+system NN I-NP
+if IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+already RB I-VP
+running VBG I-VP
+on IN B-PP
+an DT B-NP
+IBM NNP I-NP
+mainframe NN I-NP
+, , O
+'' '' O
+concedes VBZ B-VP
+Kenneth NNP B-NP
+H. NNP I-NP
+Olsen NNP I-NP
+, , O
+Digital NNP B-NP
+'s POS B-NP
+president NN I-NP
+. . O
+
+He PRP B-NP
+says VBZ B-VP
+Digital NNP B-NP
+will MD B-VP
+target VB I-VP
+faster-growing JJR B-NP
+market NN I-NP
+segments NNS I-NP
+such JJ B-PP
+as IN I-PP
+on-line JJ B-NP
+transaction NN I-NP
+processing NN I-NP
+, , O
+which WDT B-NP
+includes VBZ B-VP
+retail-sales JJ B-NP
+tracking NN I-NP
+, , O
+airline NN B-NP
+reservations NNS I-NP
+and CC O
+bank-teller NN B-NP
+networks NNS I-NP
+. . O
+
+Tandem NNP B-NP
+, , O
+which WDT B-NP
+already RB B-ADVP
+specializes VBZ B-VP
+in IN B-PP
+on-line JJ B-NP
+transaction NN I-NP
+processing NN I-NP
+, , O
+is VBZ B-VP
+a DT B-NP
+potent JJ I-NP
+competitor NN I-NP
+in IN B-PP
+that DT B-NP
+market NN I-NP
+. . O
+
+A DT B-NP
+key JJ I-NP
+marketing NN I-NP
+target NN I-NP
+for IN B-PP
+Digital NNP B-NP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+large JJ I-NP
+number NN I-NP
+of IN B-PP
+big JJ B-NP
+customers NNS I-NP
+who WP B-NP
+already RB B-ADVP
+own VB B-VP
+both DT B-NP
+Digital NNP I-NP
+and CC I-NP
+IBM NNP I-NP
+systems NNS I-NP
+. . O
+
+One CD B-NP
+such JJ I-NP
+company NN I-NP
+is VBZ B-VP
+Bankers NNP B-NP
+Trust NNP I-NP
+Co NNP I-NP
+. . O
+
+Stanley NNP B-NP
+Rose NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+, , O
+technological JJ B-NP
+and CC I-NP
+strategic JJ I-NP
+planning NN I-NP
+at IN B-PP
+Bankers NNP B-NP
+Trust NNP I-NP
+, , O
+says VBZ B-VP
+that IN B-SBAR
+despite IN B-PP
+Digital NNP B-NP
+'s POS B-NP
+low JJ I-NP
+prices NNS I-NP
+, , O
+`` `` O
+we PRP B-NP
+are VBP B-VP
+n't RB O
+about IN O
+to TO B-VP
+unplug VB I-VP
+our PRP$ B-NP
+IBM NNP I-NP
+mainframes NNS I-NP
+for IN B-PP
+a DT B-NP
+DEC NNP I-NP
+machine NN I-NP
+. . O
+
+The DT B-NP
+software NN I-NP
+conversion NN I-NP
+costs NNS I-NP
+would MD B-VP
+dwarf VB I-VP
+any DT B-NP
+savings NNS I-NP
+. . O
+'' '' O
+
+But CC O
+Mr. NNP B-NP
+Rose NNP I-NP
+is VBZ B-VP
+still RB I-VP
+looking VBG I-VP
+seriously RB B-ADVP
+at IN B-PP
+the DT B-NP
+9000 CD I-NP
+. . O
+
+Bankers NNP B-NP
+Trust NNP I-NP
+uses VBZ B-VP
+Digital NNP B-NP
+'s POS B-NP
+VAX NNP I-NP
+to TO B-VP
+run VB I-VP
+its PRP$ B-NP
+huge JJ I-NP
+money-transfer NN I-NP
+and CC I-NP
+capital NN I-NP
+markets NNS I-NP
+accounts NNS I-NP
+, , O
+juggling VBG B-VP
+hundreds NNS B-NP
+of IN B-PP
+billions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+each DT B-NP
+day NN I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+As IN B-SBAR
+that DT B-NP
+system NN I-NP
+grows VBZ B-VP
+, , O
+larger JJR B-NP
+computers NNS I-NP
+may MD B-VP
+be VB I-VP
+needed VBN I-VP
+. . O
+
+`` `` O
+In IN B-PP
+the DT B-NP
+past NN I-NP
+, , O
+customers NNS B-NP
+had VBD B-VP
+to TO I-VP
+go VB I-VP
+to TO B-PP
+IBM NNP B-NP
+when WRB B-ADVP
+they PRP B-NP
+outgrew VBD B-VP
+the DT B-NP
+VAX NNP I-NP
+. . O
+
+Now RB B-ADVP
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+to TO I-VP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+That DT B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+cost VB I-VP
+IBM NNP B-NP
+revenue NN B-NP
+. . O
+'' '' O
+
+Analysts NNS B-NP
+say VBP B-VP
+Digital NNP B-NP
+can MD B-VP
+expect VB I-VP
+this DT B-NP
+pent-up JJ I-NP
+demand NN I-NP
+for IN B-PP
+the DT B-NP
+new JJ I-NP
+VAX NNP I-NP
+to TO B-VP
+fuel VB I-VP
+strong JJ B-NP
+sales NNS I-NP
+next JJ B-NP
+year NN I-NP
+. . O
+
+Barry NNP B-NP
+F. NNP I-NP
+Willman NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+Sanford NNP B-NP
+C. NNP I-NP
+Bernstein NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+estimates VBZ B-VP
+the DT B-NP
+9000 CD I-NP
+could MD B-VP
+boost VB I-VP
+sales NNS B-NP
+by IN B-PP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+year NN I-NP
+beginning VBG B-VP
+in IN B-PP
+July NNP B-NP
+. . O
+
+He PRP B-NP
+bases VBZ B-VP
+the DT B-NP
+estimate NN I-NP
+on IN B-PP
+a DT B-NP
+survey NN I-NP
+of IN B-PP
+hundreds NNS B-NP
+of IN B-PP
+Digital NNP B-NP
+'s POS B-NP
+largest JJS I-NP
+customers NNS I-NP
+. . O
+
+Although IN B-SBAR
+Digital NNP B-NP
+will MD B-VP
+announce VB I-VP
+a DT B-NP
+full JJ I-NP
+family NN I-NP
+of IN B-PP
+mainframes NNS B-NP
+next JJ B-NP
+week NN I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+n't RB I-VP
+expected VBN I-VP
+to TO I-VP
+begin VB I-VP
+shipping VBG I-VP
+in IN B-PP
+volume NN B-NP
+until IN B-PP
+next JJ B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+first JJ I-NP
+model NN I-NP
+available JJ B-ADJP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+210 CD I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+appeal VB I-VP
+to TO B-PP
+many VB B-NP
+technical JJ I-NP
+and CC I-NP
+scientific JJ I-NP
+buyers NNS I-NP
+interested JJ B-VP
+in IN B-PP
+the DT B-NP
+optional JJ I-NP
+super-charger NN I-NP
+, , I-NP
+or CC I-NP
+vector NN I-NP
+processor NN I-NP
+, , O
+says VBZ B-VP
+Terry NNP B-NP
+Shannon NNP I-NP
+of IN B-PP
+International NNP B-NP
+Data NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+market NN I-NP
+research NN I-NP
+concern NN I-NP
+. . O
+
+Four CD B-NP
+more JJR I-NP
+models NNS I-NP
+, , O
+aimed VBD B-VP
+squarely RB B-ADVP
+at IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+commercial JJ I-NP
+customers NNS I-NP
+, , O
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+begin VB I-VP
+shipping VBG I-VP
+in IN B-PP
+late JJ B-NP
+June NNP I-NP
+. . O
+
+Most JJS B-NP
+analysts NNS I-NP
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+the DT B-NP
+new JJ I-NP
+mainframes NNS I-NP
+to TO B-VP
+begin VB I-VP
+contributing VBG I-VP
+significantly RB B-ADVP
+to TO B-PP
+revenue NN B-NP
+before IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+first JJ I-NP
+quarter NN I-NP
+, , O
+which WDT B-NP
+begins VBZ B-VP
+next JJ B-NP
+July NNP I-NP
+1 CD I-NP
+. . O
+
+Digital NNP B-NP
+'s POS B-NP
+new JJ I-NP
+line NN I-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+long JJ I-NP
+time NN I-NP
+coming VBG B-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+has VBZ B-VP
+long RB I-VP
+struggled VBN I-VP
+to TO I-VP
+deliver VB I-VP
+a DT B-NP
+strong JJ I-NP
+mainframe-class JJ I-NP
+product NN I-NP
+, , O
+and CC O
+made VBD B-VP
+a DT B-NP
+costly JJ I-NP
+decision NN I-NP
+in IN B-PP
+1988 CD B-NP
+to TO B-VP
+halt VB I-VP
+development NN B-NP
+of IN B-PP
+an DT B-NP
+interim JJ I-NP
+product NN I-NP
+meant VBD B-VP
+to TO I-VP
+stem VB I-VP
+the DT B-NP
+revenue NN I-NP
+losses NNS I-NP
+at IN B-PP
+the DT B-NP
+high JJ I-NP
+end NN I-NP
+. . O
+
+Digital NNP B-NP
+'s POS B-NP
+failure NN I-NP
+to TO B-VP
+deliver VB I-VP
+a DT B-NP
+true JJ I-NP
+mainframe-class JJ I-NP
+machine NN I-NP
+before IN B-PP
+now RB B-NP
+may MD B-VP
+have VB I-VP
+cost VBN I-VP
+the DT B-NP
+company NN I-NP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+in IN B-PP
+revenue NN B-NP
+in IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+, , O
+Mr. NNP B-NP
+Willman NNP I-NP
+says VBZ B-VP
+. . O
+
+IBM NNP B-NP
+will MD B-VP
+face VB I-VP
+still RB B-NP
+more JJR I-NP
+competition NN I-NP
+in IN B-PP
+coming VBG B-NP
+months NNS I-NP
+. . O
+
+Amdahl NNP B-NP
+Corp. NNP I-NP
+, , O
+backed VBN B-VP
+by IN B-PP
+Japan NNP B-NP
+'s POS B-NP
+Fujitsu NNP I-NP
+Ltd. NNP I-NP
+, , O
+has VBZ B-VP
+a DT B-NP
+growing VBG I-NP
+share NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+with IN B-PP
+its PRP$ B-NP
+low-priced JJ I-NP
+, , I-NP
+IBM-compatible JJ I-NP
+machines NNS I-NP
+. . O
+
+And CC O
+National NNP B-NP
+Advanced NNP I-NP
+Systems NNPS I-NP
+, , O
+a DT B-NP
+joint JJ I-NP
+venture NN I-NP
+of IN B-PP
+Japan NNP B-NP
+'s POS B-NP
+Hitachi NNP I-NP
+Ltd. NNP I-NP
+and CC O
+General NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+'s POS B-NP
+Electronic NNP I-NP
+Data NNP I-NP
+Systems NNPS I-NP
+, , O
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+unveil VB I-VP
+a DT B-NP
+line NN I-NP
+of IN B-PP
+powerful JJ B-NP
+IBM-compatible JJ I-NP
+mainframes NNS I-NP
+later RB B-NP
+this DT I-NP
+year NN I-NP
+. . O
+
+NOTE NN B-NP
+: : O
+
+NAS NNP B-NP
+is VBZ B-VP
+National NNP B-NP
+Advanced NNP I-NP
+Systems NNPS I-NP
+, , O
+CDC NNP B-NP
+-- : O
+Control NNP B-NP
+Data NNP I-NP
+Corp. NNP I-NP
+, , B-NP
+Bull NNP I-NP
+NH NNP I-NP
+Information NNP I-NP
+Systems NNP I-NP
+Inc NNP I-NP
+. . O
+
+Source NN B-NP
+: : O
+International NNP B-NP
+Data NNP I-NP
+Corp NNP I-NP
+. . O
+
+Compiled VBN B-VP
+by IN B-PP
+Publishers NNP B-NP
+Weekly NNP I-NP
+from IN B-PP
+data NNS B-NP
+from IN B-PP
+large-city JJ B-NP
+bookstores NNS I-NP
+, , O
+bookstore NN B-NP
+chains NNS I-NP
+and CC O
+local JJ B-NP
+bestseller NN I-NP
+lists NNS I-NP
+across IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+Copyright NNP B-NP
+1989 CD B-NP
+by IN B-PP
+Reed NNP B-NP
+Publishing NNP I-NP
+USA NNP I-NP
+. . O
+
+The DT B-NP
+frenetic JJ I-NP
+stock NN I-NP
+and CC I-NP
+bond NN I-NP
+markets NNS I-NP
+cooled VBN B-VP
+off IN B-ADVP
+, , O
+but CC O
+the DT B-NP
+dollar NN I-NP
+slumped VBD B-VP
+. . O
+
+Stocks NNS B-NP
+rose VBD B-VP
+slightly RB B-ADVP
+as IN B-SBAR
+trading NN B-NP
+activity NN I-NP
+slowed VBD B-VP
+from IN B-PP
+the DT B-NP
+frenzied JJ I-NP
+pace NN I-NP
+earlier RBR B-NP
+this DT I-NP
+week NN I-NP
+. . O
+
+Prices NNS B-NP
+of IN B-PP
+long-term JJ B-NP
+Treasury NNP I-NP
+bonds NNS I-NP
+hovered VBD B-VP
+in IN B-PP
+a DT B-NP
+narrow JJ I-NP
+band NN I-NP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+day NN I-NP
+, , O
+finishing VBG B-VP
+little RB B-ADJP
+changed VBN I-ADJP
+despite IN B-PP
+the DT B-NP
+dollar NN I-NP
+'s POS B-NP
+weakness NN I-NP
+and CC O
+fears NNS B-NP
+about IN B-PP
+a DT B-NP
+wave NN I-NP
+of IN B-PP
+government NN B-NP
+borrowing NN I-NP
+coming VBG B-VP
+soon RB B-ADVP
+. . O
+
+Helped VBN B-VP
+by IN B-PP
+futures-related JJ B-NP
+program NN I-NP
+buying VBG I-NP
+, , O
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+gained VBD B-VP
+4.92 CD B-NP
+points NNS I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+2643.65 CD B-NP
+. . O
+
+But CC O
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Transportation NNP I-NP
+Average NNP I-NP
+fell VBD B-VP
+for IN B-PP
+the DT B-NP
+seventh-consecutive JJ I-NP
+session NN I-NP
+as IN B-SBAR
+more JJR B-NP
+investors NNS I-NP
+dumped VBD B-VP
+UAL NNP B-NP
+shares NNS I-NP
+. . O
+
+Bond NN B-NP
+prices NNS I-NP
+rallied VBD B-VP
+early JJ B-NP
+yesterday NN I-NP
+morning NN I-NP
+as IN B-SBAR
+traders NNS B-NP
+scrambled VBD B-VP
+to TO B-VP
+buy VB I-VP
+Treasury NNP B-NP
+issues NNS I-NP
+on IN B-PP
+fears NNS B-NP
+that IN B-SBAR
+the DT B-NP
+Northern NNP I-NP
+California NNP I-NP
+earthquake NN I-NP
+might MD B-VP
+lead VB I-VP
+to TO B-PP
+a DT B-NP
+stock-market NN I-NP
+debacle NN I-NP
+. . O
+
+But CC O
+when WRB B-ADVP
+stocks NNS B-NP
+held VBD B-VP
+steady JJ B-ADJP
+, , O
+Treasury NNP B-NP
+bonds NNS I-NP
+later RB B-ADVP
+retreated VBD B-VP
+. . O
+
+Speculation NN B-NP
+that IN B-SBAR
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+will MD B-VP
+lower JJR I-VP
+interest VB B-NP
+rates NNS I-NP
+in IN B-PP
+coming VBG B-NP
+weeks NNS I-NP
+helped VBD B-VP
+push VB I-VP
+the DT B-NP
+dollar NN I-NP
+down RB B-ADVP
+while IN O
+boosting VBG B-VP
+stocks NNS B-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+But CC O
+many JJ B-NP
+investors NNS I-NP
+remain VBP B-VP
+wary JJ B-ADJP
+about IN B-PP
+stocks NNS B-NP
+, , O
+partly RB B-ADVP
+because IN B-SBAR
+they PRP B-NP
+expect VBP B-VP
+continued VBD B-NP
+turbulence NN I-NP
+in IN B-PP
+the DT B-NP
+junk-bond NN I-NP
+market NN I-NP
+that WDT B-NP
+would MD B-VP
+make VB I-VP
+it PRP B-NP
+more RBR B-ADJP
+difficult JJ I-ADJP
+to TO B-VP
+finance VB I-VP
+corporate JJ B-NP
+takeovers NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+surprised VBN B-ADJP
+we PRP B-NP
+did VBD B-VP
+n't RB I-VP
+see VB I-VP
+more JJR B-NP
+volatility NN I-NP
+'' '' O
+in IN B-PP
+stocks NNS B-NP
+, , O
+said VBD B-VP
+Raymond NNP B-NP
+F. NNP I-NP
+DeVoe NNP I-NP
+Jr. NNP I-NP
+, , O
+market NN B-NP
+strategist NN I-NP
+at IN B-PP
+Legg NNP B-NP
+Mason NNP I-NP
+Wood NNP I-NP
+Walker NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+the DT B-NP
+problems NNS I-NP
+in IN B-PP
+the DT B-NP
+junk-bond NN I-NP
+area NN I-NP
+are VBP B-VP
+just RB I-VP
+beginning VBG I-VP
+, , O
+and CC O
+this DT B-NP
+will MD B-VP
+be VB I-VP
+very RB B-ADJP
+unsettling JJ I-ADJP
+for IN B-PP
+companies NNS B-NP
+that WDT B-NP
+have VBP B-VP
+issued VBN I-VP
+junk NN B-NP
+bonds NNS I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+bull NN I-NP
+market NN I-NP
+, , O
+credit NN B-NP
+does VBZ B-VP
+not RB I-VP
+matter VB I-VP
+, , O
+'' '' O
+Mr. NNP B-NP
+DeVoe NNP I-NP
+added VBD B-VP
+. . O
+
+`` `` O
+But CC O
+when WRB B-ADVP
+it PRP B-NP
+does VBZ B-VP
+matter NN I-VP
+, , O
+then RB O
+it PRP B-NP
+'s VBZ B-VP
+the DT B-NP
+only JJ I-NP
+thing NN I-NP
+that IN B-NP
+matters NNS B-VP
+. . O
+'' '' O
+
+However RB B-ADVP
+, , O
+many JJ B-NP
+institutional JJ I-NP
+investors NNS I-NP
+are VBP B-VP
+reacting VBG I-VP
+to TO B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+'s POS B-NP
+plunge NN I-NP
+as IN B-PP
+`` `` O
+a DT B-NP
+great JJ I-NP
+buying NN I-NP
+opportunity NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Charles NNP B-NP
+I. NNP I-NP
+Clough NNP I-NP
+, , O
+chief JJ B-NP
+investment NN I-NP
+strategist NN I-NP
+at IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Capital NNP I-NP
+Markets NNPS I-NP
+. . O
+
+`` `` O
+Things NNS B-NP
+are VBP B-VP
+beginning VBG I-VP
+to TO I-VP
+settle VB I-VP
+down RB B-ADVP
+. . O
+
+The DT B-NP
+markets NNS I-NP
+are VBP B-VP
+returning VBG I-VP
+to TO B-PP
+normalcy NN B-NP
+. . O
+'' '' O
+
+Oil NN B-NP
+prices NNS I-NP
+initially RB B-ADVP
+rose VBD B-VP
+on IN B-PP
+fears NNS B-NP
+that IN B-SBAR
+the DT B-NP
+massive JJ I-NP
+earthquake NN I-NP
+in IN B-PP
+Northern NNP B-NP
+California NNP I-NP
+would MD B-VP
+disrupt VB I-VP
+production NN B-NP
+. . O
+
+But CC O
+prices NNS B-NP
+later RB B-ADVP
+reversed VBD B-VP
+course NN B-NP
+, , O
+finishing VBG B-VP
+slightly RB B-ADJP
+lower JJR I-ADJP
+, , O
+as IN B-SBAR
+investors NNS B-NP
+concluded VBD B-VP
+that IN B-SBAR
+any DT B-NP
+cuts NNS I-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+large JJ B-ADJP
+and CC O
+that IN B-SBAR
+foreign JJ B-NP
+oil NN I-NP
+producers NNS I-NP
+would MD B-VP
+quickly RB I-VP
+pick VB I-VP
+up IN B-PRT
+the DT B-NP
+slack NN I-NP
+. . O
+
+In IN B-PP
+major JJ B-NP
+market NN I-NP
+activity NN I-NP
+: : O
+
+Stock NN B-NP
+prices NNS I-NP
+rose VBD B-VP
+. . O
+
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+volume NN I-NP
+shrank VBD B-VP
+to TO B-PP
+166.9 CD B-NP
+million CD I-NP
+shares NNS I-NP
+from IN B-PP
+224.1 CD B-NP
+million CD I-NP
+Tuesday NNP B-NP
+. . O
+
+Advancers NNS B-NP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+outpaced VBD B-VP
+decliners NNS B-NP
+by IN B-PP
+822 CD B-ADVP
+to TO I-ADVP
+668 CD I-ADVP
+. . O
+
+Bond NN B-NP
+prices NNS I-NP
+were VBD B-VP
+little RB B-ADJP
+changed VBN I-ADJP
+in IN B-PP
+sluggish JJ B-NP
+activity NN I-NP
+. . O
+
+The DT B-NP
+yield NN I-NP
+on IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+'s POS B-NP
+30-year JJ I-NP
+issue NN I-NP
+fell VBD B-VP
+slightly RB B-ADVP
+to TO B-PP
+8.03 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+dollar NN I-NP
+dropped VBD B-VP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+late JJ B-NP
+yesterday NN I-NP
+, , O
+the DT B-NP
+currency NN I-NP
+was VBD B-VP
+at IN B-PP
+141.45 CD B-NP
+yen NN I-NP
+and CC O
+1.8485 CD B-NP
+marks NNS I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+142.75 CD B-NP
+yen NN I-NP
+and CC O
+1.8667 CD B-NP
+marks NNS I-NP
+late JJ B-NP
+Tuesday NNP I-NP
+. . O
+
+James NNP B-NP
+L. NNP I-NP
+Madson NNP I-NP
+, , O
+46 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+was VBD B-VP
+named VBN I-VP
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+and CC O
+assistant NN B-NP
+general JJ I-NP
+manager NN I-NP
+of IN B-PP
+this DT B-NP
+producer NN I-NP
+of IN B-PP
+copper NN B-NP
+and CC O
+other JJ B-NP
+minerals NNS I-NP
+. . O
+
+He PRP B-NP
+will MD B-VP
+succeed VB I-VP
+Arthur NNP B-NP
+E. NNP I-NP
+Himebaugh NNP I-NP
+as IN B-PP
+general JJ B-NP
+manager NN I-NP
+Feb. NNP B-NP
+1 CD I-NP
+, , O
+when WRB B-ADVP
+Mr. NNP B-NP
+Himebaugh NNP I-NP
+retires VBZ B-VP
+. . O
+
+AMR NNP B-NP
+Corp. NNP I-NP
+posted VBD B-VP
+an DT B-NP
+8.8 CD I-NP
+% NN I-NP
+drop NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+and CC O
+said VBD B-VP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+will MD B-VP
+be VB I-VP
+`` `` O
+disappointing JJ B-ADJP
+'' '' O
+as IN B-ADVP
+well RB I-ADVP
+, , O
+primarily RB B-ADVP
+because IN B-PP
+of IN I-PP
+slimmer JJR B-NP
+profit NN I-NP
+margins NNS I-NP
+and CC O
+increased VBN B-NP
+fuel NN I-NP
+costs NNS I-NP
+. . O
+
+AMR NNP B-NP
+'s POS B-NP
+earnings NNS I-NP
+decline NN I-NP
+comes VBZ B-VP
+a DT B-NP
+year NN I-NP
+after IN B-SBAR
+the DT B-NP
+parent NN I-NP
+company NN I-NP
+of IN B-PP
+American NNP B-NP
+Airlines NNPS I-NP
+and CC O
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+airline NN I-NP
+industry NN I-NP
+set VBD B-VP
+profit NN B-NP
+records NNS I-NP
+. . O
+
+Some DT B-NP
+analysts NNS I-NP
+say VBP B-VP
+the DT B-NP
+latest JJS I-NP
+results NNS I-NP
+only RB B-ADVP
+seem VBP B-VP
+pale JJ B-ADJP
+by IN B-PP
+comparison NN B-NP
+with IN B-PP
+a DT B-NP
+spectacular JJ I-NP
+second JJ I-NP
+half NN I-NP
+of IN B-PP
+1988 CD B-NP
+. . O
+
+Still RB B-ADVP
+, , O
+AMR NNP B-NP
+'s POS B-NP
+stumble NN I-NP
+does VBZ B-VP
+n't RB I-VP
+bode VB I-VP
+well RB B-ADVP
+for IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+industry NN I-NP
+. . O
+
+The DT B-NP
+Fort NNP I-NP
+Worth NNP I-NP
+, , I-NP
+Texas NNP I-NP
+, , I-NP
+company NN I-NP
+is VBZ B-VP
+generally RB I-VP
+regarded VBN I-VP
+as IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+best-run JJS I-NP
+in IN B-PP
+the DT B-NP
+business NN I-NP
+, , O
+and CC O
+its PRP$ B-NP
+difficulties NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+reflected VBN I-VP
+industrywide JJ B-ADVP
+as IN B-SBAR
+other JJ B-NP
+major JJ I-NP
+carriers NNS I-NP
+report VBP B-VP
+third-quarter JJ B-NP
+results NNS I-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+several JJ I-NP
+days NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+board NN I-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+said VBD I-VP
+nothing NN B-NP
+publicly RB B-ADVP
+about IN B-PP
+investor NN B-NP
+Donald NNP I-NP
+Trump NNP I-NP
+'s POS B-NP
+recently RB B-ADJP
+withdrawn VBN I-ADJP
+$ $ B-ADJP
+7.5 CD O
+billion CD O
+offer NN B-NP
+for IN B-PP
+AMR NNP B-NP
+, , O
+issued VBD B-VP
+a DT B-NP
+statement NN I-NP
+condemning VBG B-VP
+`` `` B-NP
+ill-conceived JJ I-NP
+and CC I-NP
+reckless JJ I-NP
+'' '' I-NP
+bids NNS I-NP
+and CC O
+saying VBG B-VP
+it PRP B-NP
+was VBD B-VP
+`` `` B-ADJP
+pleased VBN I-ADJP
+'' '' O
+that IN B-SBAR
+Mr. NNP B-NP
+Trump NNP I-NP
+had VBD B-VP
+backed VBN I-VP
+out RB B-PRT
+. . O
+
+In IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+AMR NNP B-NP
+said VBD B-VP
+, , O
+net NN B-NP
+fell VBD B-VP
+to TO B-PP
+$ $ B-NP
+137 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.16 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+150.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.50 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+17 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.73 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.33 CD I-NP
+billion CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+AMR NNP B-NP
+'s POS B-NP
+chairman NN I-NP
+, , O
+Robert NNP B-NP
+L. NNP I-NP
+Crandall NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+results NNS I-NP
+were VBD B-VP
+due JJ B-ADJP
+to TO B-PP
+an DT B-NP
+11 CD I-NP
+% NN I-NP
+year-to-year JJ I-NP
+increase NN I-NP
+in IN B-PP
+fuel NN B-NP
+prices NNS I-NP
+and CC O
+a DT B-NP
+slight JJ I-NP
+decrease NN I-NP
+in IN B-PP
+yield NN B-NP
+, , O
+an DT B-NP
+industry NN I-NP
+measure NN I-NP
+analogous JJ B-ADJP
+to TO B-PP
+profit VB B-NP
+margin NN I-NP
+on IN B-PP
+each DT B-NP
+seat NN I-NP
+sold VBN B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+think VBP B-VP
+these DT B-NP
+trends NNS I-NP
+will MD B-VP
+continue VB I-VP
+and CC O
+will MD B-VP
+produce VB I-VP
+a DT B-NP
+very RB I-NP
+disappointing JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+as IN B-ADVP
+well RB I-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Tim NNP B-NP
+Pettee NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+said VBD B-VP
+: : O
+`` `` O
+The DT B-NP
+business NN I-NP
+turned VBD B-VP
+faster RBR B-ADVP
+than IN B-SBAR
+expected VBN B-VP
+. . O
+
+Costs NNS B-NP
+are VBP B-VP
+giving VBG I-VP
+them PRP B-NP
+a DT B-NP
+little JJ I-NP
+bit NN I-NP
+of IN B-PP
+trouble NN B-NP
+, , O
+and CC O
+the DT B-NP
+whole JJ I-NP
+industry NN I-NP
+is VBZ B-VP
+having VBG I-VP
+a DT B-NP
+pricing NN I-NP
+problem NN I-NP
+. . O
+'' '' O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+AMR NNP B-NP
+'s POS B-NP
+net NN I-NP
+rose VBD B-VP
+15 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+415.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+6.59 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+360.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+5.99 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+jumped VBD B-VP
+22 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+7.89 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+6.46 CD I-NP
+billion CD I-NP
+. . O
+
+AMR NNP B-NP
+'s POS B-NP
+board NN I-NP
+, , O
+in IN B-PP
+a DT B-NP
+statement NN I-NP
+after IN B-PP
+a DT B-NP
+regular JJ I-NP
+meeting NN I-NP
+yesterday NN B-NP
+, , O
+said VBD B-VP
+: : O
+`` `` O
+Ill-considered JJ B-NP
+and CC I-NP
+reckless JJ I-NP
+acquisition NN I-NP
+proposals NNS I-NP
+adversely RB B-VP
+affect VBP I-VP
+employee NN B-NP
+, , I-NP
+financial JJ I-NP
+and CC I-NP
+business NN I-NP
+relationships NNS I-NP
+and CC O
+are VBP B-VP
+contrary JJ B-ADJP
+to TO B-PP
+the DT B-NP
+best JJS I-NP
+interests NNS I-NP
+of IN B-PP
+AMR NNP B-NP
+shareholders NNS I-NP
+... : O
+. . O
+
+AMR NNP B-NP
+has VBZ B-VP
+not RB I-VP
+been VBN I-VP
+, , O
+and CC O
+is VBZ B-VP
+not RB O
+, , O
+for IN B-PP
+sale NN B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Crandall NNP I-NP
+said VBD B-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+current JJ I-NP
+decline NN I-NP
+in IN B-PP
+earnings NNS B-NP
+is VBZ B-VP
+exactly RB B-NP
+the DT I-NP
+kind NN I-NP
+of IN B-PP
+situation NN B-NP
+that IN B-NP
+an DT B-NP
+excessively RB I-NP
+leveraged JJ I-NP
+company NN I-NP
+laden JJ B-ADJP
+with IN B-PP
+debt NN B-NP
+from IN B-PP
+a DT B-NP
+takeover NN I-NP
+would MD B-VP
+find VB I-VP
+difficult JJ B-ADJP
+to TO B-VP
+weather VB I-VP
+. . O
+
+`` `` O
+Our PRP$ B-NP
+very RB I-NP
+disappointing JJ I-NP
+third-quarter JJ I-NP
+results NNS I-NP
+and CC O
+the DT B-NP
+discouraging VBG I-NP
+outlook NN I-NP
+for IN B-PP
+the DT B-NP
+fourth JJ I-NP
+quarter NN I-NP
+underscore VBP B-VP
+the DT B-NP
+importance NN I-NP
+of IN B-PP
+an DT B-NP
+adequate JJ I-NP
+capital NN I-NP
+base NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Christopher NNP B-NP
+Whittington NNP I-NP
+, , O
+51-year-old JJ B-NP
+deputy NN I-NP
+chairman NN I-NP
+of IN B-PP
+this DT B-NP
+British JJ I-NP
+investment-banking NN I-NP
+group NN I-NP
+and CC O
+chairman NN B-NP
+of IN B-PP
+Morgan NNP B-NP
+Grenfell NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+main JJ I-NP
+banking NN I-NP
+unit NN I-NP
+, , O
+has VBZ B-VP
+retired VBN I-VP
+from IN B-PP
+his PRP$ B-NP
+executive NN I-NP
+duties NNS I-NP
+. . O
+
+Succeeding VBG B-VP
+Mr. NNP B-NP
+Whittington NNP I-NP
+as IN B-PP
+deputy NN B-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+group NN I-NP
+is VBZ B-VP
+Anthony NNP B-NP
+Richmond-Watson NNP I-NP
+, , O
+43 CD B-NP
+, , O
+currently RB B-NP
+a DT I-NP
+main JJ I-NP
+board NN I-NP
+member NN I-NP
+. . O
+
+Succeeding VBG B-VP
+Mr. NNP B-NP
+Whittington NNP I-NP
+at IN B-PP
+Morgan NNP B-NP
+Grenfell NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+is VBZ B-VP
+Richard NNP B-NP
+Webb NNP I-NP
+, , O
+50 CD B-NP
+, , O
+currently JJ B-NP
+deputy NN I-NP
+chairman NN I-NP
+. . O
+
+Mr. NNP B-NP
+Whittington NNP I-NP
+will MD B-VP
+remain VB I-VP
+on IN B-PP
+the DT B-NP
+main JJ I-NP
+group NN I-NP
+board NN I-NP
+as IN B-PP
+a DT B-NP
+nonexecutive JJ I-NP
+director NN I-NP
+. . O
+
+Without IN B-PP
+federal JJ B-NP
+subsidies NNS I-NP
+to TO B-PP
+developers NNS B-NP
+of IN B-PP
+beach NN B-NP
+houses NNS I-NP
+, , O
+the DT B-NP
+economic JJ I-NP
+and CC I-NP
+structural JJ I-NP
+damage NN I-NP
+by IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+in IN B-PP
+South NNP B-NP
+Carolina NNP I-NP
+would MD B-VP
+have VB I-VP
+been VBN I-VP
+much RB B-ADJP
+less JJR I-ADJP
+, , O
+as IN O
+highlighted VBN B-VP
+by IN B-PP
+your PRP$ B-NP
+Oct. NNP I-NP
+3 CD I-NP
+editorial NN I-NP
+`` `` O
+Subsidizing VBG B-VP
+Disaster NN B-NP
+. . O
+'' '' O
+
+Congress NNP B-NP
+should MD B-VP
+stop VB I-VP
+throwing VBG I-VP
+tax NN B-NP
+dollars NNS I-NP
+out IN B-PP
+to TO B-PP
+sea VB B-NP
+by IN B-PP
+subsidizing VBG B-VP
+the DT B-NP
+development NN I-NP
+of IN B-PP
+beach NN B-NP
+communities NNS I-NP
+on IN B-PP
+ecologically RB B-NP
+fragile JJ I-NP
+coastal JJ I-NP
+barrier NN I-NP
+islands NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+hard-hit JJ I-NP
+Isle NNP I-NP
+of IN B-PP
+Palms NNPS B-NP
+near IN B-PP
+Charleston NNP B-NP
+. . O
+
+As IN B-SBAR
+you PRP B-NP
+mentioned VBD B-VP
+, , O
+subsidies NNS B-NP
+for IN B-PP
+development NN B-NP
+on IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+barrier NN B-NP
+islands NNS I-NP
+were VBD B-VP
+curtailed VBN I-VP
+in IN B-PP
+1982 CD B-NP
+by IN B-PP
+the DT B-NP
+Coastal NNP I-NP
+Barrier NNP I-NP
+Resource NNP I-NP
+System NNP I-NP
+. . O
+
+The DT B-NP
+National NNP I-NP
+Taxpayers NNP I-NP
+Union NNP I-NP
+would MD B-VP
+like IN I-VP
+Congress NNP B-NP
+to TO B-VP
+add VB I-VP
+800,000 CD B-NP
+acres NNS I-NP
+to TO B-PP
+the DT B-NP
+453,000 CD I-NP
+of IN B-PP
+shoreline NN B-NP
+in IN B-PP
+the DT B-NP
+system NN I-NP
+by IN B-PP
+enacting VBG B-VP
+`` `` O
+The DT B-NP
+Coastal NNP I-NP
+Barrier NNP I-NP
+Improvement NNP I-NP
+Act NNP I-NP
+of IN B-PP
+1989 CD B-NP
+. . O
+'' '' O
+
+This DT B-NP
+bill NN I-NP
+simply RB B-ADVP
+says VBZ B-VP
+that IN B-SBAR
+if IN B-SBAR
+you PRP B-NP
+want VBP B-VP
+to TO I-VP
+develop VB I-VP
+property NN B-NP
+on IN B-PP
+a DT B-NP
+barrier NN I-NP
+island NN I-NP
+you PRP B-NP
+have VBP B-VP
+to TO I-VP
+do VB I-VP
+so RB B-ADVP
+without IN B-PP
+taxpayer NN B-NP
+support NN I-NP
+. . O
+
+Private-property NN B-NP
+rights NNS I-NP
+would MD B-VP
+be VB I-VP
+upheld VBN I-VP
+because IN B-SBAR
+the DT B-NP
+legislation NN I-NP
+would MD B-VP
+not RB I-VP
+ban VB I-VP
+coastal JJ B-NP
+development NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+home NN B-NP
+builders NNS I-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+bear VB I-VP
+the DT B-NP
+full JJ I-NP
+costs NNS I-NP
+of IN B-PP
+such JJ B-NP
+beach-house NN I-NP
+construction NN I-NP
+. . O
+
+A DT B-NP
+Taxpayers NNP I-NP
+Union NNP I-NP
+study NN I-NP
+concluded VBD B-VP
+the DT B-NP
+bill NN I-NP
+would MD B-VP
+save VB I-VP
+taxpayers NNS B-NP
+up IN B-NP
+to TO I-NP
+$ $ I-NP
+9.3 CD I-NP
+billion CD I-NP
+in IN B-PP
+barrier-island NN B-NP
+subsidies NNS I-NP
+over IN B-PP
+20 CD B-NP
+years NNS I-NP
+. . O
+
+Already RB B-ADVP
+, , O
+the DT B-NP
+1982 CD I-NP
+legislation NN I-NP
+has VBZ B-VP
+saved VBN I-VP
+an DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+800 CD I-NP
+million CD I-NP
+. . O
+
+Marshall NNP B-NP
+Y. NNP I-NP
+Taylor NNP I-NP
+
+Communications NNP B-NP
+Director NNP I-NP
+
+National NNP B-NP
+Taxpayers NNP I-NP
+Union NNP I-NP
+
+The DT B-NP
+government NN I-NP
+said VBD B-VP
+13.1 CD B-NP
+% NN I-NP
+of IN B-PP
+Americans NNPS B-NP
+, , O
+or CC O
+31.9 CD B-NP
+million CD I-NP
+people NNS I-NP
+, , O
+were VBD B-VP
+living VBG I-VP
+in IN B-PP
+poverty NN B-NP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+While IN B-SBAR
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+figure NN I-NP
+was VBD B-VP
+down RB B-ADVP
+from IN B-PP
+13.4 CD B-NP
+% NN I-NP
+in IN B-PP
+1987 CD B-NP
+and CC O
+marked VBD B-VP
+the DT B-NP
+fifth JJ I-NP
+consecutive JJ I-NP
+annual JJ I-NP
+decline NN I-NP
+in IN B-PP
+the DT B-NP
+poverty NN I-NP
+rate NN I-NP
+, , O
+the DT B-NP
+Census NNP I-NP
+Bureau NNP I-NP
+said VBD B-VP
+the DT B-NP
+1988 CD I-NP
+drop NN I-NP
+was VBD B-VP
+n't RB O
+statistically RB B-ADJP
+significant JJ I-ADJP
+. . O
+
+The DT B-NP
+bureau NN I-NP
+'s POS B-NP
+report NN I-NP
+also RB B-ADVP
+showed VBD B-VP
+that IN B-SBAR
+while IN B-SBAR
+some DT B-NP
+measures NNS I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+economic JJ I-NP
+well-being NN I-NP
+improved VBN B-VP
+modestly RB B-ADVP
+in IN B-PP
+1988 CD B-NP
+, , O
+the DT B-NP
+fruits NNS I-NP
+of IN B-PP
+prosperity NN B-NP
+were VBD B-VP
+shared VBN I-VP
+less RBR B-ADVP
+equitably RB I-ADVP
+than IN B-PP
+the DT B-NP
+year NN I-NP
+before RB B-ADVP
+. . O
+
+Summarizing VBG B-VP
+data NNS B-NP
+derived VBN B-VP
+from IN B-PP
+a DT B-NP
+March NNP I-NP
+1989 CD I-NP
+survey NN I-NP
+of IN B-PP
+58,000 CD B-NP
+households NNS I-NP
+, , O
+William NNP B-NP
+Butz NNP I-NP
+, , O
+associate JJ B-NP
+director NN I-NP
+of IN B-PP
+the DT B-NP
+Census NNP I-NP
+Bureau NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+`` `` O
+most RBS B-NP
+groups NNS I-NP
+either DT O
+stayed VBD B-VP
+the DT B-NP
+same JJ I-NP
+or CC O
+improved VBN B-VP
+. . O
+'' '' O
+
+But CC O
+, , O
+he PRP B-NP
+added VBD B-VP
+, , O
+`` `` O
+Since IN B-PP
+the DT B-NP
+late JJ I-NP
+1960s CD I-NP
+, , O
+the DT B-NP
+distribution NN I-NP
+of IN B-PP
+income NN B-NP
+has VBZ B-VP
+been VBN I-VP
+slowly RB I-VP
+getting VBG I-VP
+less RBR B-ADJP
+equal JJ I-ADJP
+. . O
+
+There EX B-NP
+was VBD B-VP
+no DT B-NP
+reversal NN I-NP
+-LCB- ( O
+of IN B-PP
+that DT B-NP
+trend NN I-NP
+-RCB- ) O
+between IN B-PP
+1987 CD B-NP
+and CC I-NP
+1988 CD I-NP
+. . O
+'' '' O
+
+Per IN B-NP
+capita NNS I-NP
+income NN I-NP
+, , O
+a DT B-NP
+widely RB I-NP
+used VBN I-NP
+measure NN I-NP
+of IN B-PP
+a DT B-NP
+nation NN I-NP
+'s POS B-NP
+economic JJ I-NP
+health NN I-NP
+, , O
+hit VBD B-VP
+a DT B-NP
+record NN I-NP
+in IN B-PP
+1988 CD B-NP
+, , O
+rising VBG B-VP
+1.7 CD B-NP
+% NN I-NP
+after IN B-PP
+inflation NN B-NP
+adjustment NN I-NP
+to TO B-PP
+$ $ B-NP
+13,120 CD I-NP
+. . O
+
+But CC O
+the DT B-NP
+median JJ I-NP
+income NN I-NP
+of IN B-PP
+American JJ B-NP
+families NNS I-NP
+fell VBD B-VP
+0.2 CD B-NP
+% NN I-NP
+, , O
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+it PRP B-NP
+has VBZ B-VP
+failed VBN I-VP
+to TO I-VP
+rise VB I-VP
+since IN B-PP
+1982 CD B-NP
+. . O
+
+Mr. NNP B-NP
+Butz NNP I-NP
+said VBD B-VP
+the DT B-NP
+divergence NN I-NP
+in IN B-PP
+the DT B-NP
+two CD I-NP
+measures NNS I-NP
+reflects VBZ B-VP
+changes NNS B-NP
+in IN B-PP
+family NN B-NP
+size NN I-NP
+and CC I-NP
+structure NN I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+rising VBG I-NP
+number NN I-NP
+of IN B-PP
+female-headed JJ B-NP
+families NNS I-NP
+and CC O
+a DT B-NP
+sharp JJ I-NP
+increase NN I-NP
+in IN B-PP
+income NN B-NP
+reported VBN B-VP
+by IN B-PP
+Americans NNPS B-NP
+who WP B-NP
+are VBP B-VP
+n't RB I-VP
+living VBG I-VP
+in IN B-PP
+families NNS B-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+decline NN I-NP
+, , O
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+estimate NN I-NP
+for IN B-PP
+the DT B-NP
+number NN I-NP
+of IN B-PP
+people NNS B-NP
+living VBG B-VP
+below IN B-PP
+the DT B-NP
+poverty NN I-NP
+line NN I-NP
+declined VBN B-VP
+by IN B-PP
+about IN B-NP
+500,000 CD I-NP
+. . O
+
+The DT B-NP
+poverty NN I-NP
+threshold NN I-NP
+, , O
+defined VBN B-VP
+as IN B-PP
+three CD B-NP
+times NNS I-NP
+food NN B-NP
+expenses NNS I-NP
+as IN B-SBAR
+calculated VBN B-VP
+by IN B-PP
+the DT B-NP
+Agricultural NNP I-NP
+Department NNP I-NP
+, , O
+last JJ B-NP
+year NN I-NP
+was VBD B-VP
+$ $ B-NP
+12,092 CD I-NP
+for IN B-PP
+a DT B-NP
+family NN I-NP
+of IN B-PP
+four CD B-NP
+. . O
+
+The DT B-NP
+Census NNP I-NP
+Bureau NNP I-NP
+counts VBZ B-VP
+all DT B-NP
+cash NN I-NP
+income NN I-NP
+in IN B-PP
+determining VBG B-VP
+whether IN B-SBAR
+families NNS B-NP
+are VBP B-VP
+below IN B-PP
+the DT B-NP
+line NN I-NP
+, , O
+but CC O
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+consider VB I-VP
+other JJ B-NP
+government NN I-NP
+benefits NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+Medicare NNP B-NP
+. . O
+
+Thanks NNS B-NP
+largely RB B-ADVP
+to TO B-PP
+the DT B-NP
+continued VBN I-NP
+growth NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+economy NN I-NP
+, , O
+the DT B-NP
+poverty NN I-NP
+rate NN I-NP
+is VBZ B-VP
+now RB B-ADVP
+substantially RB B-ADJP
+lower JJR I-ADJP
+than IN B-PP
+the DT B-NP
+1983 CD I-NP
+peak NN I-NP
+of IN B-PP
+15.3 CD B-NP
+% NN I-NP
+, , O
+but CC O
+the DT B-NP
+improvements NNS I-NP
+have VBP B-VP
+been VBN I-VP
+modest JJ B-ADJP
+in IN B-PP
+the DT B-NP
+past JJ I-NP
+couple NN I-NP
+of IN B-PP
+years NNS B-NP
+. . O
+
+Poverty NN B-NP
+remains VBZ B-VP
+far RB B-ADJP
+more RBR I-ADJP
+widespread JJ I-ADJP
+among IN B-PP
+blacks NNS B-NP
+than IN B-PP
+other JJ B-NP
+Americans NNPS I-NP
+. . O
+
+In IN B-PP
+1988 CD B-NP
+, , O
+31.6 CD B-NP
+% NN I-NP
+of IN B-PP
+blacks NNS B-NP
+lived VBD B-VP
+in IN B-PP
+poverty NN B-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+10.1 CD B-NP
+% NN I-NP
+for IN B-PP
+whites NNS B-NP
+and CC O
+26.8 CD B-NP
+% NN I-NP
+for IN B-PP
+Hispanics NNPS B-NP
+. . O
+
+But CC O
+two-thirds NNS B-NP
+of IN B-PP
+all DT B-NP
+poor JJ I-NP
+Americans NNPS I-NP
+were VBD B-VP
+white JJ B-ADJP
+. . O
+
+More RBR B-NP
+than IN I-NP
+half NN I-NP
+of IN B-PP
+poor JJ B-NP
+families NNS I-NP
+were VBD B-VP
+headed VBN I-VP
+by IN B-PP
+women NNS B-NP
+living VBG B-VP
+without IN B-PP
+men NNS B-NP
+, , O
+the DT B-NP
+bureau NN I-NP
+said VBD B-VP
+. . O
+
+More RBR B-NP
+than IN I-NP
+three-fourths JJ I-NP
+of IN B-PP
+poor JJ B-NP
+black JJ I-NP
+families NNS I-NP
+were VBD B-VP
+headed VBN I-VP
+by IN B-PP
+women NNS B-NP
+. . O
+
+The DT B-NP
+poverty NN I-NP
+rate NN I-NP
+of IN B-PP
+children NNS B-NP
+under IN B-NP
+18 CD I-NP
+years NNS I-NP
+old JJ B-ADJP
+dropped VBD B-VP
+last JJ B-NP
+year NN I-NP
+to TO B-PP
+19.7 CD B-NP
+% NN I-NP
+from IN B-PP
+20.5 CD B-NP
+% NN I-NP
+in IN B-PP
+1987 CD B-NP
+, , O
+but CC O
+remained VBD B-VP
+far RB B-ADJP
+higher JJR I-ADJP
+than IN B-PP
+a DT B-NP
+decade NN I-NP
+ago RB B-ADVP
+. . O
+
+The DT B-NP
+rate NN I-NP
+among IN B-PP
+the DT B-NP
+elderly JJ I-NP
+-- : O
+12 CD B-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+-- : O
+was VBD B-VP
+n't RB O
+significantly RB B-ADJP
+lower JJR I-ADJP
+than IN B-PP
+the DT B-NP
+year NN I-NP
+before RB B-ADVP
+. . O
+
+If IN B-SBAR
+it PRP B-NP
+were VBD B-VP
+n't RB O
+for IN B-PP
+Social NNP B-NP
+Security NNP I-NP
+payments NNS I-NP
+, , O
+more JJR B-NP
+than IN I-NP
+three CD I-NP
+times NNS I-NP
+as IN I-NP
+many JJ I-NP
+elderly NN I-NP
+would MD B-VP
+be VB I-VP
+below IN B-PP
+the DT B-NP
+poverty NN I-NP
+line NN I-NP
+, , O
+Mr. NNP B-NP
+Butz NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+Census NNP I-NP
+Bureau NNP I-NP
+also RB B-ADVP
+said VBD B-VP
+: : O
+
+-- : O
+Some DT B-NP
+17.2 CD I-NP
+% NN I-NP
+of IN B-PP
+all DT B-NP
+money NN I-NP
+income NN I-NP
+received VBN B-VP
+by IN B-PP
+families NNS B-NP
+in IN B-PP
+1988 CD B-NP
+went VBD B-VP
+to TO B-PP
+the DT B-NP
+wealthiest JJS I-NP
+5 NN I-NP
+% NN I-NP
+of IN B-PP
+all DT B-NP
+families NNS I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+16.9 CD B-NP
+% NN I-NP
+in IN B-PP
+1987 CD B-NP
+. . O
+
+That DT B-NP
+is VBZ B-VP
+the DT B-NP
+greatest JJS I-NP
+share NN I-NP
+reported VBD B-VP
+for IN B-PP
+any DT B-NP
+year NN I-NP
+since IN B-PP
+1950 CD B-NP
+, , O
+although IN B-SBAR
+changing VBG B-NP
+definitions NNS I-NP
+over IN B-PP
+the DT B-NP
+years NNS I-NP
+distort VBP B-VP
+the DT B-NP
+comparison NN I-NP
+. . O
+
+-- : O
+The DT B-NP
+top JJ I-NP
+fifth NN I-NP
+of IN B-PP
+all DT B-NP
+families NNS I-NP
+got VBD B-VP
+44 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+income NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+41.5 CD B-NP
+% NN I-NP
+a DT B-NP
+decade NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+bottom NN I-NP
+fifth NN I-NP
+of IN B-PP
+all DT B-NP
+families NNS I-NP
+got VBD B-VP
+4.6 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+income NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+5.2 CD B-NP
+% NN I-NP
+a DT B-NP
+decade NN I-NP
+earlier RBR B-ADVP
+. . O
+
+-- : O
+Confirming VBG B-VP
+other JJ B-NP
+government NN I-NP
+data NNS I-NP
+showing VBG B-VP
+that IN B-SBAR
+wages NNS B-NP
+are VBP B-VP
+n't RB I-VP
+keeping VBG I-VP
+pace NN B-NP
+with IN B-PP
+inflation NN B-NP
+, , O
+earnings NNS B-NP
+of IN B-PP
+year-round JJ B-NP
+, , I-NP
+full-time JJ I-NP
+male JJ I-NP
+workers NNS I-NP
+fell VBD B-VP
+1.3 CD B-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+after IN B-PP
+adjusting VBG B-VP
+for IN B-PP
+higher JJR B-NP
+prices NNS I-NP
+, , O
+the DT B-NP
+first JJ I-NP
+such JJ I-NP
+drop NN I-NP
+since IN B-PP
+1982 CD B-NP
+. . O
+
+Earnings NNS B-NP
+of IN B-PP
+female JJ B-NP
+workers NNS I-NP
+were VBD B-VP
+unchanged JJ B-ADJP
+. . O
+
+-- : O
+Women NNP B-NP
+working VBG B-VP
+full-time JJ B-ADVP
+earned VBD B-VP
+66 CD B-NP
+cents NNS I-NP
+for IN B-PP
+every DT B-NP
+dollar NN I-NP
+earned VBN B-VP
+by IN B-PP
+men NNS B-NP
+, , O
+a DT B-NP
+penny NN I-NP
+more JJR B-ADJP
+than IN B-PP
+in IN B-PP
+1987 CD B-NP
+and CC O
+seven CD B-NP
+cents NNS I-NP
+more JJR B-ADJP
+than IN B-PP
+in IN B-PP
+1978 CD B-NP
+. . O
+
+-- : O
+Median JJ B-NP
+household NN I-NP
+income NN I-NP
+-- : O
+which WDT B-NP
+includes VBZ B-VP
+both DT B-NP
+those DT B-NP
+living VBG B-VP
+in IN B-PP
+families NNS B-NP
+and CC O
+those DT B-NP
+who WP B-NP
+are VBP B-VP
+n't RB O
+-- : O
+rose VBD B-VP
+0.3 CD B-NP
+% NN I-NP
+last JJ B-NP
+year NN I-NP
+to TO B-PP
+$ $ B-NP
+27,225 CD I-NP
+after IN B-PP
+inflation NN B-NP
+. . O
+
+It PRP B-NP
+rose VBD B-VP
+sharply RB B-ADVP
+in IN B-PP
+the DT B-NP
+Northeast NNP I-NP
+and CC I-NP
+Midwest NNP I-NP
+and CC O
+fell VBD B-VP
+slightly RB B-ADVP
+in IN B-PP
+the DT B-NP
+South NNP I-NP
+and CC I-NP
+West NNP I-NP
+. . O
+
+Median JJ B-NP
+family NN I-NP
+income NN I-NP
+was VBD B-VP
+$ $ B-NP
+32,191 CD I-NP
+, , O
+down RB B-ADVP
+0.2 CD B-NP
+% NN I-NP
+. . O
+
+-- : O
+Per IN B-NP
+capita NNS I-NP
+income NN I-NP
+of IN B-PP
+blacks NNS B-NP
+, , O
+though IN B-SBAR
+still RB B-ADVP
+only RB B-NP
+60 CD I-NP
+% NN I-NP
+that IN I-NP
+of IN B-PP
+whites NNS B-NP
+, , O
+rose VBD B-VP
+3.9 CD B-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+, , O
+while IN B-SBAR
+per IN B-NP
+capita NNS I-NP
+income NN I-NP
+of IN B-PP
+whites NNS B-NP
+rose VBD B-VP
+only RB B-NP
+1.5 CD I-NP
+% NN I-NP
+. . O
+
+-- : O
+Among IN B-PP
+married VBN B-NP
+couples NNS I-NP
+, , O
+the DT B-NP
+gap NN I-NP
+between IN B-PP
+blacks NNS B-NP
+and CC I-NP
+whites NNS I-NP
+narrowed VBD B-VP
+sharply RB B-ADVP
+, , O
+as IN B-SBAR
+income NN B-NP
+of IN B-PP
+black JJ B-NP
+families NNS I-NP
+shot NN B-VP
+up IN B-ADVP
+6.8 CD B-NP
+% NN I-NP
+while IN O
+income NN B-NP
+of IN B-PP
+whites NNS B-NP
+did VBD B-VP
+n't RB I-VP
+budge VB I-VP
+. . O
+
+Fueling VBG B-VP
+a DT B-NP
+controversy NN I-NP
+that WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+simmering VBG I-VP
+for IN B-PP
+years NNS B-NP
+, , O
+the DT B-NP
+Census NNP I-NP
+Bureau NNP I-NP
+also RB B-ADVP
+said VBD B-VP
+its PRP$ B-NP
+figures NNS I-NP
+would MD B-VP
+look VB I-VP
+far RB B-ADJP
+rosier JJR I-ADJP
+if IN B-SBAR
+it PRP B-NP
+recalculated VBD B-VP
+the DT B-NP
+poverty NN I-NP
+threshold NN I-NP
+using VBG B-VP
+an DT B-NP
+improved VBN I-NP
+consumer-price JJ I-NP
+measure NN I-NP
+adopted VBN B-VP
+in IN B-PP
+1983 CD B-NP
+. . O
+
+The DT B-NP
+bureau NN I-NP
+said VBD B-VP
+some DT B-NP
+3.5 CD I-NP
+million CD I-NP
+fewer JJR B-NP
+people NNS I-NP
+would MD B-VP
+have VB I-VP
+fallen VBN I-VP
+below IN B-PP
+the DT B-NP
+poverty NN I-NP
+line NN I-NP
+in IN B-PP
+1988 CD B-NP
+-- : O
+and CC O
+the DT B-NP
+poverty NN I-NP
+rate NN I-NP
+would MD B-VP
+have VB I-VP
+been VBN I-VP
+10.5 CD B-NP
+% NN I-NP
+instead RB B-CONJP
+of IN I-CONJP
+13.1 CD B-NP
+% NN I-NP
+-- : O
+under IN B-PP
+the DT B-NP
+alternative NN I-NP
+calculation NN I-NP
+. . O
+
+Critics NNS B-NP
+on IN B-PP
+the DT B-NP
+left VBN I-NP
+and CC I-NP
+right NN I-NP
+have VBP B-VP
+been VBN I-VP
+calling VBG I-VP
+for IN B-PP
+all DT B-NP
+sorts NNS I-NP
+of IN B-PP
+revisions NNS B-NP
+to TO B-PP
+the DT B-NP
+measure NN I-NP
+for IN B-PP
+years NNS B-NP
+. . O
+
+A DT B-NP
+report NN I-NP
+by IN B-PP
+the DT B-NP
+staff NN I-NP
+of IN B-PP
+the DT B-NP
+Joint NNP I-NP
+Economic NNP I-NP
+Committee NNP I-NP
+of IN B-PP
+Congress NNP B-NP
+released VBD B-VP
+yesterday NN B-NP
+concluded VBD B-VP
+, , O
+`` `` O
+It PRP B-NP
+is VBZ B-VP
+misleading JJ B-ADJP
+to TO B-VP
+make VB I-VP
+this DT B-NP
+change NN I-NP
+without IN B-PP
+adjusting VBG B-VP
+for IN B-PP
+other JJ B-NP
+changes NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+official JJ I-NP
+poverty NN I-NP
+threshold NN I-NP
+is VBZ B-VP
+set VBN I-VP
+by IN B-PP
+the DT B-NP
+Office NNP I-NP
+of IN B-PP
+Management NNP B-NP
+and CC I-NP
+Budget NNP I-NP
+. . O
+
+John NNP B-NP
+E. NNP I-NP
+Hayes NNP I-NP
+Jr. NNP I-NP
+was VBD B-VP
+elected VBN I-VP
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+succeeding VBG B-VP
+David NNP B-NP
+S. NNP I-NP
+Black NNP I-NP
+, , O
+who WP B-NP
+retired VBD B-VP
+. . O
+
+Mr. NNP B-NP
+Hayes NNP I-NP
+, , O
+52 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+left VBN B-VP
+Southwestern NNP B-NP
+Bell NNP I-NP
+Telephone NNP I-NP
+Co. NNP I-NP
+in IN B-PP
+January NNP B-NP
+, , O
+where WRB B-ADVP
+he PRP B-NP
+had VBD B-VP
+been VBN I-VP
+chairman NN B-NP
+, , O
+president NN B-NP
+and CC O
+chief JJ B-NP
+executive NN I-NP
+, , O
+to TO B-VP
+join VB I-VP
+Triad NNP B-NP
+Capital NNP I-NP
+Partners NNPS I-NP
+, , O
+a DT B-NP
+St. NNP I-NP
+Louis NNP I-NP
+company NN I-NP
+with IN B-PP
+interests NNS B-NP
+in IN B-PP
+solid JJ B-NP
+waste NN I-NP
+and CC O
+recycling NN B-NP
+, , O
+telecommunications NNS B-NP
+and CC O
+international JJ B-NP
+venture NN I-NP
+capital NN I-NP
+. . O
+
+He PRP B-NP
+has VBZ B-VP
+resigned VBN I-VP
+his PRP$ B-NP
+posts NNS I-NP
+at IN B-PP
+Triad NNP B-NP
+to TO B-VP
+take VB I-VP
+the DT B-NP
+Kansas NNP I-NP
+Power NNP I-NP
+positions NNS I-NP
+. . O
+
+Kansas NNP B-NP
+Power NNP I-NP
+said VBD B-VP
+Mr. NNP B-NP
+Black NNP I-NP
+, , O
+61 CD B-NP
+, , O
+chose VBD B-VP
+early JJ B-NP
+retirement NN I-NP
+. . O
+
+The DT B-NP
+space NN I-NP
+shuttle NN I-NP
+Atlantis NNP I-NP
+boosted VBD B-VP
+the DT B-NP
+Galileo NNP I-NP
+spacecraft NN I-NP
+on IN B-PP
+its PRP$ B-NP
+way NN I-NP
+to TO B-PP
+Jupiter NNP B-NP
+, , O
+giving VBG B-VP
+a DT B-NP
+big JJ I-NP
+lift NN I-NP
+as IN B-ADVP
+well RB I-ADVP
+to TO B-PP
+an DT B-NP
+ambitious JJ I-NP
+U.S. NNP I-NP
+program NN I-NP
+of IN B-PP
+space NN B-NP
+exploration NN I-NP
+. . O
+
+Seven CD B-NP
+years NNS I-NP
+late RB B-ADJP
+in IN B-PP
+the DT B-NP
+launching NN I-NP
+, , O
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+over IN B-PP
+budget NN B-NP
+and CC O
+a DT B-NP
+target NN I-NP
+of IN B-PP
+anti-nuclear JJ B-NP
+protestors NNS I-NP
+, , O
+Galileo NNP B-NP
+has VBZ B-VP
+long RB I-VP
+been VBN I-VP
+a DT B-NP
+symbol NN I-NP
+of IN B-PP
+trouble NN B-NP
+for IN B-PP
+the DT B-NP
+National NNP I-NP
+Aeronautics NNP I-NP
+and CC I-NP
+Space NNP I-NP
+Administration NNP I-NP
+. . O
+
+But CC O
+yesterday NN B-NP
+, , O
+as IN B-SBAR
+Atlantis NNP B-NP
+rumbled VBD B-VP
+into IN B-PP
+a DT B-NP
+patch NN I-NP
+of IN B-PP
+clear JJ B-NP
+sky NN I-NP
+above IN B-PP
+Florida NNP B-NP
+with IN B-PP
+storm NN B-NP
+clouds NNS I-NP
+closing VBG B-VP
+in IN B-PRT
+on IN B-PP
+it PRP B-NP
+, , O
+NASA NNP B-NP
+sought VBD B-VP
+to TO I-VP
+turn VB I-VP
+Galileo NNP B-NP
+into IN B-PP
+a DT B-NP
+symbol NN I-NP
+of IN B-PP
+triumph NN B-NP
+. . O
+
+`` `` O
+NASA NNP B-NP
+did VBD B-VP
+it PRP B-NP
+right NN B-ADVP
+; : O
+that DT B-NP
+'s VBZ B-VP
+the DT B-NP
+message NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+J.R. NNP B-NP
+Thompson NNP I-NP
+, , O
+the DT B-NP
+agency NN I-NP
+'s POS B-NP
+deputy NN I-NP
+administrator NN I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+1.4 CD I-NP
+billion CD I-NP
+robot NN I-NP
+spacecraft NN I-NP
+faces VBZ B-VP
+a DT B-NP
+six-year JJ I-NP
+journey NN I-NP
+to TO B-VP
+explore VB I-VP
+Jupiter NNP B-NP
+and CC O
+its PRP$ B-NP
+16 CD I-NP
+known VBN I-NP
+moons NNS I-NP
+. . O
+
+If IN B-SBAR
+all DT B-NP
+goes VBZ B-VP
+well RB B-ADVP
+, , O
+it PRP B-NP
+will MD B-VP
+parachute VB I-VP
+a DT B-NP
+probe NN I-NP
+into IN B-PP
+the DT B-NP
+dense JJ I-NP
+Jovian JJ I-NP
+atmosphere NN I-NP
+in IN B-PP
+July NNP B-NP
+1995 CD I-NP
+to TO B-VP
+pick VB I-VP
+up IN B-PRT
+detailed VBN B-NP
+data NNS I-NP
+about IN B-PP
+gases NNS B-NP
+that WDT B-NP
+may MD B-VP
+be VB I-VP
+similar JJ B-ADJP
+to TO B-PP
+the DT B-NP
+material NN I-NP
+from IN B-PP
+which WDT B-NP
+the DT B-NP
+solar JJ I-NP
+system NN I-NP
+was VBD B-VP
+formed VBN I-VP
+4.6 CD B-NP
+billion CD I-NP
+years NNS I-NP
+ago RB B-ADVP
+. . O
+
+Jupiter NNP B-NP
+is VBZ B-VP
+so RB B-ADJP
+enormous JJ I-ADJP
+-- : O
+its PRP$ B-NP
+mass NN I-NP
+is VBZ B-VP
+318 CD B-NP
+times NNS I-NP
+that IN I-NP
+of IN B-PP
+Earth NNP B-NP
+-- : O
+that IN B-SBAR
+its PRP$ B-NP
+gravity NN I-NP
+may MD B-VP
+have VB I-VP
+trapped VBN I-VP
+these DT B-NP
+primordial JJ I-NP
+gases NNS I-NP
+and CC O
+never RB B-VP
+let VB I-VP
+them PRP B-NP
+escape VB B-VP
+. . O
+
+Investigating VBG B-VP
+Jupiter NNP B-NP
+in IN B-PP
+detail NN B-NP
+may MD B-VP
+provide VB I-VP
+clues NNS B-NP
+to TO B-PP
+what WP B-NP
+astronomer NN B-NP
+Tobias NNP I-NP
+Owen NNP I-NP
+calls VBZ B-VP
+the DT B-NP
+`` `` I-NP
+cosmic JJ I-NP
+paradox NN I-NP
+'' '' O
+of IN B-PP
+life NN B-NP
+: : O
+Jupiter NNP B-NP
+and CC O
+other JJ B-NP
+bodies NNS I-NP
+in IN B-PP
+the DT B-NP
+outer JJ I-NP
+solar JJ I-NP
+system NN I-NP
+are VBP B-VP
+rich JJ B-ADJP
+in IN B-PP
+elements NNS B-NP
+such JJ B-PP
+as IN I-PP
+hydrogen NN B-NP
+that WDT B-NP
+are VBP B-VP
+essential JJ B-ADJP
+for IN B-PP
+life NN B-NP
+on IN B-PP
+Earth NNP B-NP
+, , O
+but CC O
+these DT B-NP
+planets NNS I-NP
+are VBP B-VP
+lifeless JJ B-ADJP
+; : O
+Earth NNP B-NP
+, , O
+on IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+has VBZ B-VP
+a DT B-NP
+diminished VBN I-NP
+store NN I-NP
+of IN B-PP
+such JJ B-NP
+material NN I-NP
+but CC O
+is VBZ B-VP
+rich JJ B-ADJP
+in IN B-PP
+life NN B-NP
+. . O
+
+Some DT B-NP
+scientists NNS I-NP
+have VBP B-VP
+suggested VBN I-VP
+that IN B-SBAR
+comets NNS B-NP
+and CC I-NP
+asteroids NNS I-NP
+may MD B-VP
+have VB I-VP
+brought VBN I-VP
+enough RB B-NP
+of IN B-PP
+this DT B-NP
+kind NN I-NP
+of IN B-PP
+material NN B-NP
+from IN B-PP
+the DT B-NP
+outer JJ I-NP
+solar JJ I-NP
+system NN I-NP
+to TO B-PP
+Earth NNP B-NP
+to TO B-VP
+spawn VB I-VP
+life NN B-NP
+. . O
+
+Beginning VBG B-PP
+in IN B-PP
+December NNP B-NP
+1995 CD I-NP
+, , O
+Galileo NNP B-NP
+will MD B-VP
+begin VB I-VP
+a DT B-NP
+two-year JJ I-NP
+tour NN I-NP
+of IN B-PP
+the DT B-NP
+Jovian JJ I-NP
+moons NNS I-NP
+. . O
+
+In IN B-PP
+1979 CD B-NP
+, , O
+two CD B-NP
+Voyager NNP I-NP
+spacecraft NN I-NP
+sent VBD B-VP
+back RB B-ADVP
+stunning JJ B-NP
+photos NNS I-NP
+of IN B-PP
+Jovian JJ B-NP
+moons NNS I-NP
+Io NNP I-NP
+and CC I-NP
+Europa NNP I-NP
+that WDT B-NP
+showed VBD B-VP
+them PRP B-NP
+to TO B-VP
+be VB I-VP
+among IN B-PP
+the DT B-NP
+most RBS I-NP
+intriguing JJ I-NP
+bodies NNS I-NP
+in IN B-PP
+the DT B-NP
+solar JJ I-NP
+system NN I-NP
+. . O
+
+The DT B-NP
+photos NNS I-NP
+showed VBD B-VP
+active JJ B-NP
+geysers NNS I-NP
+on IN B-PP
+Io NNP B-NP
+spewing VBG B-VP
+sulfurous JJ B-NP
+material NN I-NP
+190 CD B-NP
+miles NNS I-NP
+into IN B-PP
+its PRP$ B-NP
+atmosphere NN I-NP
+and CC O
+indicated VBD B-VP
+that IN B-SBAR
+Europa NNP B-NP
+may MD B-VP
+have VB I-VP
+an DT B-NP
+ocean NN I-NP
+hidden VBN B-VP
+under IN B-PP
+a DT B-NP
+thick JJ I-NP
+sheet NN I-NP
+of IN B-PP
+ice NN B-NP
+. . O
+
+Galileo NNP B-NP
+'s POS B-NP
+photos NNS I-NP
+of IN B-PP
+Europa NNP B-NP
+will MD B-VP
+be VB I-VP
+more JJR B-ADJP
+than IN I-ADJP
+1,000 CD I-ADJP
+times NNS I-ADJP
+as RB I-ADJP
+sharp JJ I-ADJP
+as IN B-PP
+Voyager NNP B-NP
+'s POS B-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Torrence NNP B-NP
+Johnson NNP I-NP
+, , O
+Galileo NNP B-NP
+'s POS B-NP
+project NN I-NP
+scientist NN I-NP
+, , O
+and CC O
+may MD B-VP
+show VB I-VP
+whether IN B-SBAR
+it PRP B-NP
+actually RB B-ADVP
+has VBZ B-VP
+the DT B-NP
+only RB I-NP
+known VBN I-NP
+ocean NN I-NP
+other JJ B-PP
+than IN I-PP
+those DT B-NP
+on IN B-PP
+Earth NNP B-NP
+. . O
+
+Atlantis NNP B-NP
+lifted VBD B-VP
+Galileo NNP B-NP
+from IN B-PP
+the DT B-NP
+launch NN I-NP
+pad NN I-NP
+at IN B-PP
+12:54 CD B-NP
+p.m. NN I-NP
+EDT NNP I-NP
+and CC O
+released VBD B-VP
+the DT B-NP
+craft NN I-NP
+from IN B-PP
+its PRP$ B-NP
+cargo NN I-NP
+bay NN I-NP
+about IN B-NP
+six CD I-NP
+hours NNS I-NP
+later RB B-ADVP
+. . O
+
+`` `` O
+Galileo NNP B-NP
+is VBZ B-VP
+on IN B-PP
+its PRP$ B-NP
+way NN I-NP
+to TO B-PP
+another DT B-NP
+world NN I-NP
+in IN B-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+the DT B-NP
+best JJS I-NP
+flight NN I-NP
+controllers NNS I-NP
+in IN B-PP
+this DT B-NP
+world NN I-NP
+, , O
+'' '' O
+Atlantis NNP B-NP
+Commander NNP I-NP
+Donald NNP I-NP
+Williams NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+Fly VB B-VP
+safely RB B-ADVP
+. . O
+'' '' O
+
+The DT B-NP
+five-member JJ I-NP
+Atlantis NNP I-NP
+crew NN I-NP
+will MD B-VP
+conduct VB I-VP
+several JJ B-NP
+experiments NNS I-NP
+, , O
+including VBG B-PP
+growing VBG B-VP
+plants NNS B-NP
+and CC O
+processing VBG B-VP
+polymeric JJ B-NP
+materials NNS I-NP
+in IN B-PP
+space NN B-NP
+, , O
+before IN B-PP
+their PRP$ B-NP
+scheduled VBN I-NP
+landing NN I-NP
+at IN B-PP
+Edwards NNP B-NP
+Air NNP I-NP
+Force NNP I-NP
+Base NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+Monday NNP B-NP
+. . O
+
+The DT B-NP
+Galileo NNP I-NP
+project NN I-NP
+started VBD B-VP
+in IN B-PP
+1977 CD B-NP
+, , O
+and CC O
+a DT B-NP
+number NN I-NP
+of IN B-PP
+project NN B-NP
+veterans NNS I-NP
+were VBD B-VP
+on IN B-PP
+hand NN B-NP
+to TO B-VP
+watch VB I-VP
+the DT B-NP
+launch NN I-NP
+. . O
+
+An DT B-NP
+ebullient JJ I-NP
+Mr. NNP I-NP
+Johnson NNP I-NP
+, , O
+wearing VBG B-VP
+a DT B-NP
+NASA NNP I-NP
+baseball NN I-NP
+cap NN I-NP
+and CC O
+carrying VBG B-VP
+a DT B-NP
+camera NN I-NP
+and CC O
+binoculars NNS B-NP
+, , O
+called VBD B-VP
+the DT B-NP
+launch NN I-NP
+`` `` O
+fantastic JJ B-ADJP
+. . O
+'' '' O
+
+Benny NNP B-NP
+Chin NNP I-NP
+, , O
+manager NN B-NP
+of IN B-PP
+the DT B-NP
+Galileo NNP I-NP
+probe NN I-NP
+, , O
+compared VBD B-VP
+it PRP B-NP
+to TO B-PP
+watching VBG B-VP
+a DT B-NP
+child NN I-NP
+leave NN B-VP
+home NN B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+happy JJ B-ADJP
+and CC I-ADJP
+sad JJ I-ADJP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Anti-nuclear JJ B-NP
+activists NNS I-NP
+took VBD B-VP
+a DT B-NP
+less RBR I-NP
+positive JJ I-NP
+view NN I-NP
+. . O
+
+Having VBG B-VP
+argued VBN I-VP
+that IN B-SBAR
+Galileo NNP B-NP
+'s POS B-NP
+plutonium NN I-NP
+power NN I-NP
+source NN I-NP
+could MD B-VP
+have VB I-VP
+released VBN I-VP
+lethal JJ B-NP
+doses NNS I-NP
+of IN B-PP
+radiation NN B-NP
+if IN B-SBAR
+the DT B-NP
+shuttle NN I-NP
+exploded VBD B-VP
+yesterday NN B-NP
+, , O
+they PRP B-NP
+were VBD B-VP
+n't RB I-VP
+quieted VBN I-VP
+by IN B-PP
+yesterday NN B-NP
+'s POS B-NP
+successful JJ I-NP
+launch NN I-NP
+. . O
+
+Galileo NNP B-NP
+will MD B-VP
+skim VB I-VP
+past JJ B-PP
+Earth NNP B-NP
+in IN B-PP
+1990 CD B-NP
+and CC I-NP
+1992 CD I-NP
+, , O
+collecting VBG B-VP
+energy NN B-NP
+from IN B-PP
+the DT B-NP
+planet NN I-NP
+'s POS B-NP
+gravitational JJ I-NP
+field NN I-NP
+to TO B-VP
+gain VB I-VP
+momentum NN B-NP
+for IN B-PP
+its PRP$ B-NP
+trip NN I-NP
+to TO B-PP
+Jupiter NNP B-NP
+. . O
+
+The DT B-NP
+protesters NNS I-NP
+point VBP B-VP
+out RP B-PRT
+that IN B-SBAR
+Galileo NNP B-NP
+also RB B-ADVP
+could MD B-VP
+crash VB I-VP
+to TO B-PP
+Earth NNP B-NP
+then RB B-ADVP
+. . O
+
+They PRP B-NP
+said VBD B-VP
+they PRP B-NP
+dropped VBD B-VP
+plans NNS B-NP
+to TO B-VP
+infiltrate VB I-VP
+the DT B-NP
+Kennedy NNP I-NP
+Space NNP I-NP
+Center NNP I-NP
+after IN B-SBAR
+NASA NNP B-NP
+beefed VBD B-VP
+up IN B-PRT
+its PRP$ B-NP
+security NN I-NP
+. . O
+
+One CD B-NP
+protest NN I-NP
+did VBD B-VP
+get VB I-VP
+past JJ B-PP
+NASA NNP B-NP
+'s POS B-NP
+guard NN I-NP
+, , O
+though IN B-ADVP
+; : O
+a DT B-NP
+computer NN I-NP
+virus NN I-NP
+caused VBD B-VP
+anti-Galileo JJ B-NP
+messages NNS I-NP
+to TO B-VP
+flash VB I-VP
+onto IN B-PP
+some DT B-NP
+computer NN I-NP
+screens NNS I-NP
+at IN B-PP
+NASA NNP B-NP
+centers NNS I-NP
+. . O
+
+The DT B-NP
+successful JJ I-NP
+launch NN I-NP
+continues VBZ B-VP
+a DT B-NP
+remarkable JJ I-NP
+recovery NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+space-science NN I-NP
+program NN I-NP
+. . O
+
+An DT B-NP
+unmanned JJ I-NP
+spacecraft NN I-NP
+, , O
+Magellan NNP B-NP
+, , O
+already RB B-VP
+is VBZ I-VP
+heading VBG I-VP
+to TO B-PP
+Venus NNP B-NP
+and CC O
+is VBZ B-VP
+due JJ B-ADJP
+to TO B-VP
+begin VB I-VP
+mapping VBG I-VP
+the DT B-NP
+planet NN I-NP
+next JJ B-NP
+August NNP I-NP
+. . O
+
+Voyager NNP B-NP
+2 CD I-NP
+sent VBD B-VP
+back RB B-ADVP
+spectacular JJ B-NP
+photos NNS I-NP
+of IN B-PP
+Neptune NNP B-NP
+and CC O
+its PRP$ B-NP
+moon NN I-NP
+, , O
+Triton NNP B-NP
+, , O
+this DT B-NP
+summer NN I-NP
+. . O
+
+Next JJ B-NP
+month NN I-NP
+, , O
+NASA NNP B-NP
+plans VBZ B-VP
+to TO I-VP
+launch VB I-VP
+a DT B-NP
+satellite NN I-NP
+to TO B-VP
+study VB I-VP
+cosmic JJ B-NP
+rays NNS I-NP
+dating VBG B-VP
+from IN B-PP
+the DT B-NP
+birth NN I-NP
+of IN B-PP
+the DT B-NP
+universe NN I-NP
+. . O
+
+In IN B-PP
+December NNP B-NP
+, , O
+the DT B-NP
+shuttle NN I-NP
+Columbia NNP I-NP
+will MD B-VP
+try VB I-VP
+to TO I-VP
+retrieve VB I-VP
+a DT B-NP
+satellite NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+been VBN I-VP
+in IN B-PP
+orbit NN B-NP
+for IN B-PP
+nearly RB B-NP
+five CD I-NP
+years NNS I-NP
+measuring VBG B-VP
+the DT B-NP
+deleterious JJ I-NP
+effects NNS I-NP
+of IN B-PP
+space NN B-NP
+on IN B-PP
+materials NNS B-NP
+and CC I-NP
+instruments NNS I-NP
+. . O
+
+Next NNP B-NP
+March NNP I-NP
+, , O
+the DT B-NP
+shuttle NN I-NP
+Discovery NNP I-NP
+will MD B-VP
+launch VB I-VP
+the DT B-NP
+Hubble NNP I-NP
+space NN I-NP
+telescope NN I-NP
+, , O
+a DT B-NP
+$ $ I-NP
+1.5 CD I-NP
+billion CD I-NP
+instrument NN I-NP
+designed VBN B-VP
+to TO B-VP
+see VB I-VP
+the DT B-NP
+faintest JJS I-NP
+galaxies NNS I-NP
+in IN B-PP
+the DT B-NP
+universe NN I-NP
+. . O
+
+Not RB B-NP
+all DT I-NP
+of IN B-PP
+NASA NNP B-NP
+'s POS B-NP
+space-science NN I-NP
+work NN I-NP
+will MD B-VP
+be VB I-VP
+so RB B-ADJP
+auspicious JJ I-ADJP
+, , O
+though RB B-ADVP
+. . O
+
+Around IN B-PP
+Thanksgiving NNP B-NP
+, , O
+the DT B-NP
+Solar NNP I-NP
+Max NNP I-NP
+satellite NN I-NP
+, , O
+which WDT B-NP
+NASA NNP B-NP
+repaired VBD B-VP
+in IN B-PP
+orbit NN B-NP
+in IN B-PP
+1984 CD B-NP
+, , O
+will MD B-VP
+tumble VB I-VP
+back RB B-ADVP
+into IN B-PP
+the DT B-NP
+Earth NNP I-NP
+'s POS B-NP
+atmosphere NN I-NP
+. . O
+
+NASA NNP B-NP
+wo MD B-VP
+n't RB I-VP
+attempt VB I-VP
+a DT B-NP
+rescue NN I-NP
+; : O
+instead RB B-ADVP
+, , O
+it PRP B-NP
+will MD B-VP
+try VB I-VP
+to TO I-VP
+predict VB I-VP
+whether IN B-SBAR
+any DT B-NP
+of IN B-PP
+the DT B-NP
+rubble NN I-NP
+will MD B-VP
+smash VB I-VP
+to TO B-PP
+the DT B-NP
+ground NN I-NP
+and CC O
+where WRB B-ADVP
+. . O
+
+The DT B-NP
+Associated NNP I-NP
+Press NNP I-NP
+'s POS B-NP
+earthquake NN I-NP
+coverage NN I-NP
+drew VBD B-VP
+attention NN B-NP
+to TO B-PP
+a DT B-NP
+phenomenon NN I-NP
+that WDT B-NP
+deserves VBZ B-VP
+some DT B-NP
+thought NN I-NP
+by IN B-PP
+public JJ B-NP
+officials NNS I-NP
+and CC O
+other JJ B-NP
+policy NN I-NP
+makers NNS I-NP
+. . O
+
+Private JJ B-NP
+relief NN I-NP
+agencies NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+Salvation NNP I-NP
+Army NNP I-NP
+and CC I-NP
+Red NNP I-NP
+Cross NNP I-NP
+, , O
+mobilized VBD B-VP
+almost RB B-ADVP
+instantly RB I-ADVP
+to TO B-VP
+help VB I-VP
+people NNS B-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+Washington NNP I-NP
+bureaucracy NN I-NP
+`` `` O
+took VBD B-VP
+hours NNS B-NP
+getting VBG B-VP
+into IN B-PP
+gear NN B-NP
+. . O
+'' '' O
+
+One CD B-NP
+news NN I-NP
+show NN I-NP
+we PRP B-NP
+saw VBD B-VP
+yesterday NN B-NP
+even RB B-ADVP
+displayed VBD B-VP
+25 CD B-NP
+federal JJ I-NP
+officials NNS I-NP
+meeting NN B-VP
+around IN B-PP
+a DT B-NP
+table NN I-NP
+. . O
+
+We PRP B-NP
+recall VBP B-VP
+that IN B-SBAR
+the DT B-NP
+mayor NN I-NP
+of IN B-PP
+Charleston NNP B-NP
+complained VBD B-VP
+bitterly RB B-ADVP
+about IN B-PP
+the DT B-NP
+federal JJ I-NP
+bureaucracy NN I-NP
+'s POS B-NP
+response NN I-NP
+to TO B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+. . O
+
+The DT B-NP
+sense NN I-NP
+grows VBZ B-VP
+that IN B-SBAR
+modern JJ B-NP
+public JJ I-NP
+bureaucracies NNS I-NP
+simply RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+perform VB I-VP
+their PRP$ B-NP
+assigned VBN I-NP
+functions NNS I-NP
+well RB B-ADVP
+. . O
+
+Bally NNP B-NP
+Manufacturing NNP I-NP
+Corp. NNP I-NP
+and CC O
+New NNP B-NP
+York NNP I-NP
+developer NN I-NP
+Donald NNP I-NP
+Trump NNP I-NP
+have VBP B-VP
+agreed VBN I-VP
+in IN B-PP
+principle NN B-NP
+to TO B-PP
+a DT B-NP
+$ $ I-NP
+6.5 CD I-NP
+million CD I-NP
+settlement NN I-NP
+of IN B-PP
+shareholder NN B-NP
+litigation NN I-NP
+stemming VBG B-VP
+from IN B-PP
+Bally NNP B-NP
+'s POS B-NP
+alleged VBN I-NP
+greenmail NN I-NP
+payment NN I-NP
+to TO B-PP
+Mr. NNP B-NP
+Trump NNP I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+lawyers NNS B-NP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+settlement NN I-NP
+talks NNS I-NP
+, , O
+the DT B-NP
+verbal JJ I-NP
+agreement NN I-NP
+to TO B-VP
+end VB I-VP
+a DT B-NP
+lawsuit NN I-NP
+filed VBN B-VP
+more JJR B-NP
+than IN I-NP
+two CD I-NP
+years NNS I-NP
+ago RB B-ADVP
+was VBD B-VP
+reached VBN I-VP
+last JJ B-NP
+week NN I-NP
+and CC O
+will MD B-VP
+soon RB I-VP
+be VB I-VP
+submitted VBN I-VP
+to TO B-PP
+a DT B-NP
+federal JJ I-NP
+judge NN I-NP
+in IN B-PP
+Camden NNP B-NP
+, , O
+N.J NNP B-NP
+. . O
+
+In IN B-PP
+February NNP B-NP
+1987 CD I-NP
+, , O
+Bally NNP B-NP
+thwarted VBD B-VP
+a DT B-NP
+possible JJ I-NP
+hostile JJ I-NP
+takeover NN I-NP
+bid NN I-NP
+from IN B-PP
+Mr. NNP B-NP
+Trump NNP I-NP
+by IN B-PP
+agreeing VBG B-VP
+to TO I-VP
+buy VB I-VP
+2.6 CD B-NP
+million CD I-NP
+of IN B-PP
+Mr. NNP B-NP
+Trump NNP I-NP
+'s POS B-NP
+3.1 CD I-NP
+million CD I-NP
+Bally NNP I-NP
+shares NNS I-NP
+for IN B-PP
+$ $ B-NP
+83.7 CD I-NP
+million CD I-NP
+-- : O
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+18 CD I-NP
+million CD I-NP
+above IN B-PP
+market NN B-NP
+price NN I-NP
+. . O
+
+The DT B-NP
+term NN I-NP
+greenmail NN B-NP
+refers VBZ B-VP
+to TO B-PP
+a DT B-NP
+situation NN I-NP
+where WRB B-ADVP
+a DT B-NP
+company NN I-NP
+pays VBZ B-VP
+a DT B-NP
+premium NN I-NP
+over IN B-PP
+market NN B-NP
+value NN I-NP
+to TO B-VP
+repurchase VB I-VP
+a DT B-NP
+stake NN I-NP
+held VBN B-VP
+by IN B-PP
+a DT B-NP
+potential JJ I-NP
+acquirer NN I-NP
+. . O
+
+Lawyers NNS B-NP
+for IN B-PP
+shareholders NNS B-NP
+, , O
+Bally NNP B-NP
+and CC O
+Mr. NNP B-NP
+Trump NNP I-NP
+all DT O
+declined VBD B-VP
+to TO I-VP
+talk VB I-VP
+publicly RB B-ADVP
+about IN B-PP
+the DT B-NP
+proposed VBN I-NP
+settlement NN I-NP
+, , O
+citing VBG B-VP
+a DT B-NP
+request NN I-NP
+by IN B-PP
+a DT B-NP
+federal JJ I-NP
+court NN I-NP
+magistrate NN I-NP
+not RB O
+to TO B-VP
+reveal VB I-VP
+details NNS B-NP
+of IN B-PP
+the DT B-NP
+agreement NN I-NP
+until IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+completed VBN I-VP
+. . O
+
+But CC O
+some DT B-NP
+attorneys NNS I-NP
+who WP B-NP
+are VBP B-VP
+familiar JJ B-ADJP
+with IN B-PP
+the DT B-NP
+matter NN I-NP
+said VBD B-VP
+the DT B-NP
+$ $ I-NP
+6.5 CD I-NP
+million CD I-NP
+payment NN I-NP
+will MD B-VP
+be VB I-VP
+shared VBN I-VP
+by IN B-PP
+Bally NNP B-NP
+and CC O
+Mr. NNP B-NP
+Trump NNP I-NP
+, , O
+with IN B-PP
+the DT B-NP
+casino NN I-NP
+and CC I-NP
+hotel NN I-NP
+concern NN I-NP
+probably RB B-ADVP
+paying VBG B-VP
+the DT B-NP
+bulk NN I-NP
+of IN B-PP
+the DT B-NP
+money NN I-NP
+. . O
+
+The DT B-NP
+amount NN I-NP
+Bally NNP B-NP
+and CC O
+Mr. NNP B-NP
+Trump NNP I-NP
+will MD B-VP
+pay VB I-VP
+to TO B-VP
+settle VB I-VP
+the DT B-NP
+class-action JJ I-NP
+suit NN I-NP
+pales VBZ B-VP
+in IN B-PP
+comparison NN B-NP
+to TO B-PP
+the DT B-NP
+$ $ I-NP
+45 CD I-NP
+million CD I-NP
+Walt NNP B-NP
+Disney NNP I-NP
+Co. NNP I-NP
+and CC O
+Saul NNP B-NP
+Steinberg NNP I-NP
+'s POS B-NP
+Reliance NNP I-NP
+Group NNP I-NP
+Holdings NNP I-NP
+Inc. NNP I-NP
+agreed VBD B-VP
+to TO I-VP
+pay VB I-VP
+to TO B-VP
+settle VB I-VP
+a DT B-NP
+similar JJ I-NP
+suit NN I-NP
+in IN B-PP
+July NNP B-NP
+. . O
+
+That DT B-NP
+settlement NN I-NP
+represented VBD B-VP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+shareholders NNS B-NP
+were VBD B-VP
+granted VBN I-VP
+a DT B-NP
+major JJ I-NP
+payment NN I-NP
+in IN B-PP
+a DT B-NP
+greenmail NN I-NP
+case NN I-NP
+. . O
+
+Mr. NNP B-NP
+Steinberg NNP I-NP
+made VBD B-VP
+a DT B-NP
+$ $ I-NP
+59.7 CD I-NP
+million CD I-NP
+profit NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+to TO B-PP
+Disney NNP B-NP
+of IN B-PP
+his PRP$ B-NP
+investment NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+in IN B-PP
+1984 CD B-NP
+. . O
+
+But CC O
+lawyers NNS B-NP
+said VBD B-VP
+Mr. NNP B-NP
+Steinberg NNP I-NP
+probably RB B-ADVP
+faced VBD B-VP
+much RB B-NP
+more RBR I-NP
+potential JJ I-NP
+liability NN I-NP
+because IN B-SBAR
+, , O
+when WRB B-ADVP
+he PRP B-NP
+sued VBD B-VP
+Disney NNP B-NP
+during IN B-PP
+his PRP$ B-NP
+takeover NN I-NP
+battle NN I-NP
+, , O
+he PRP B-NP
+filed VBD B-VP
+on IN B-PP
+behalf NN B-NP
+of IN B-PP
+all DT B-NP
+shareholders NNS I-NP
+. . O
+
+When WRB B-ADVP
+Disney NNP B-NP
+offered VBD B-VP
+to TO I-VP
+pay VB I-VP
+Mr. NNP B-NP
+Steinberg NNP I-NP
+a DT B-NP
+premium NN I-NP
+for IN B-PP
+his PRP$ B-NP
+shares NNS I-NP
+, , O
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+investor NN I-NP
+did VBD B-VP
+n't RB I-VP
+demand VB I-VP
+the DT B-NP
+company NN I-NP
+also RB B-ADVP
+pay VB B-VP
+a DT B-NP
+premium NN I-NP
+to TO B-PP
+other JJ B-NP
+shareholders NNS I-NP
+. . O
+
+When WRB B-ADVP
+Mr. NNP B-NP
+Trump NNP I-NP
+sued VBD B-VP
+Bally NNP B-NP
+, , O
+he PRP B-NP
+sued VBD B-VP
+only RB B-ADVP
+on IN B-PP
+behalf NN B-NP
+of IN B-PP
+himself PRP B-NP
+. . O
+
+Mr. NNP B-NP
+Trump NNP I-NP
+and CC O
+Bally NNP B-NP
+also RB B-ADVP
+appeared VBD B-VP
+to TO I-VP
+have VB I-VP
+some DT B-NP
+leverage NN I-NP
+in IN B-PP
+the DT B-NP
+case NN I-NP
+because IN O
+in IN B-PP
+the DT B-NP
+state NN I-NP
+of IN B-PP
+Delaware NNP B-NP
+, , O
+where WRB B-ADVP
+Bally NNP B-NP
+is VBZ B-VP
+incorporated VBN B-ADJP
+, , O
+courts NNS B-NP
+have VBP B-VP
+held VBN I-VP
+that DT O
+greenmail NN B-NP
+is VBZ B-VP
+often RB I-VP
+protected VBN I-VP
+by IN B-PP
+the DT B-NP
+business-judgment NN I-NP
+rule NN I-NP
+. . O
+
+That DT B-NP
+rule NN I-NP
+gives VBZ B-VP
+boards NNS B-NP
+of IN B-PP
+directors NNS B-NP
+wide JJ B-NP
+latitude NN I-NP
+in IN B-PP
+deciding VBG B-VP
+how WRB B-ADVP
+to TO B-VP
+deal VB I-VP
+with IN B-PP
+dissident JJ B-NP
+shareholders NNS I-NP
+. . O
+
+SENATE NNP B-NP
+HEARS VBZ B-VP
+final JJ B-NP
+arguments NNS I-NP
+in IN B-PP
+impeachment NN B-NP
+trial NN I-NP
+of IN B-PP
+federal JJ B-NP
+judge NN I-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+U.S. NNP B-NP
+Judge NNP I-NP
+Alcee NNP I-NP
+Hastings NNP I-NP
+faced VBD B-VP
+his PRP$ B-NP
+jury NN I-NP
+-- : O
+the DT B-NP
+full JJ I-NP
+U.S. NNP I-NP
+Senate NNP I-NP
+-- : O
+and CC O
+said VBD B-VP
+, , O
+`` `` O
+I PRP B-NP
+am VBP B-VP
+not RB O
+guilty JJ B-ADJP
+of IN B-PP
+having VBG B-VP
+committed VBN I-VP
+any DT B-NP
+crime NN I-NP
+. . O
+'' '' O
+
+Seventeen CD B-NP
+articles NNS I-NP
+of IN B-PP
+impeachment NN B-NP
+against IN B-PP
+the DT B-NP
+Florida NNP I-NP
+judge NN I-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+few JJ I-NP
+blacks NNS I-NP
+on IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+bench NN I-NP
+, , O
+were VBD B-VP
+approved VBN I-VP
+by IN B-PP
+the DT B-NP
+House NNP I-NP
+in IN B-PP
+August NNP B-NP
+1988 CD I-NP
+. . O
+
+The DT B-NP
+central JJ I-NP
+charge NN I-NP
+against IN B-PP
+Judge NNP B-NP
+Hastings NNP I-NP
+is VBZ B-VP
+that IN B-SBAR
+he PRP B-NP
+conspired VBD B-VP
+with IN B-PP
+a DT B-NP
+Washington NNP I-NP
+lawyer NN I-NP
+to TO B-VP
+obtain VB I-VP
+a DT B-NP
+$ $ I-NP
+150,000 CD I-NP
+bribe NN I-NP
+from IN B-PP
+defendants NNS B-NP
+in IN B-PP
+a DT B-NP
+criminal JJ I-NP
+case NN I-NP
+before IN B-PP
+the DT B-NP
+judge NN I-NP
+, , O
+in IN B-PP
+return NN B-NP
+for IN B-PP
+leniency NN B-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+also RB I-VP
+accused VBN I-VP
+of IN B-PP
+lying VBG B-VP
+under IN B-PP
+oath NN B-NP
+and CC B-PP
+of IN B-PP
+leaking VBG B-VP
+information NN B-NP
+obtained VBN B-VP
+from IN B-PP
+a DT B-NP
+wiretap NN I-NP
+he PRP B-NP
+supervised VBD B-VP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+'s POS B-NP
+public JJ I-NP
+gallery NN I-NP
+was VBD B-VP
+packed VBN B-ADJP
+with IN B-PP
+Judge NNP B-NP
+Hastings NNP I-NP
+' POS B-NP
+supporters NNS I-NP
+, , O
+who WP B-NP
+erupted VBD B-VP
+into IN B-PP
+applause NN B-NP
+after IN B-SBAR
+he PRP B-NP
+finished VBD B-VP
+his PRP$ B-NP
+argument NN I-NP
+. . O
+
+Judge NNP B-NP
+Hastings NNP I-NP
+, , O
+who WP B-NP
+was VBD B-VP
+acquitted VBN I-VP
+of IN B-PP
+similar JJ B-NP
+charges NNS I-NP
+by IN B-PP
+a DT B-NP
+federal JJ I-NP
+jury NN I-NP
+in IN B-PP
+1983 CD B-NP
+, , O
+claims NNS B-VP
+he PRP B-NP
+is VBZ B-VP
+being VBG I-VP
+victimized VBN I-VP
+and CC O
+that IN B-SBAR
+the DT B-NP
+impeachment NN I-NP
+proceedings NNS I-NP
+against IN B-PP
+him PRP B-NP
+constitute VBP B-VP
+double JJ B-NP
+jeopardy NN I-NP
+. . O
+
+But CC O
+Rep. NNP B-NP
+John NNP I-NP
+Bryant NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Texas NNP B-NP
+-RRB- ) O
+, , O
+the DT B-NP
+lead NN I-NP
+counsel NN I-NP
+for IN B-PP
+the DT B-NP
+House NNP I-NP
+managers NNS I-NP
+who WP B-NP
+conducted VBD B-VP
+a DT B-NP
+lengthy JJ I-NP
+inquiry NN I-NP
+into IN B-PP
+Judge NNP B-NP
+Hastings NNP I-NP
+' POS B-NP
+activities NNS I-NP
+, , O
+said VBD B-VP
+`` `` O
+a DT B-NP
+mountain NN I-NP
+of IN B-PP
+evidence NN B-NP
+points NNS B-VP
+to TO B-PP
+his PRP$ B-NP
+certain JJ I-NP
+guilt NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+Senate NNP I-NP
+will MD B-VP
+deliberate VB I-VP
+behind IN B-PP
+closed VBN B-NP
+doors NNS I-NP
+today NN B-NP
+and CC O
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+vote VB I-VP
+on IN B-PP
+the DT B-NP
+impeachment NN I-NP
+tomorrow NN B-NP
+. . O
+
+If IN B-SBAR
+the DT B-NP
+judge NN I-NP
+is VBZ B-VP
+impeached VBN I-VP
+, , O
+as IN B-SBAR
+is VBZ B-VP
+thought VBN I-VP
+likely JJ B-ADJP
+, , O
+he PRP B-NP
+will MD B-VP
+be VB I-VP
+removed VBN I-VP
+from IN B-PP
+office NN B-NP
+immediately RB B-ADVP
+. . O
+
+However RB B-ADVP
+, , O
+Judge NNP B-NP
+Hastings NNP I-NP
+has VBZ B-VP
+said VBD I-VP
+he PRP B-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+fight VB I-VP
+and CC O
+is VBZ B-VP
+contemplating VBG I-VP
+an DT B-NP
+appeal NN I-NP
+of IN B-PP
+any DT B-NP
+impeachment NN I-NP
+to TO B-PP
+the DT B-NP
+U.S. NNP I-NP
+Supreme NNP I-NP
+Court NNP I-NP
+. . O
+
+COMPANIES NNS B-NP
+SEEKING VBG B-VP
+to TO I-VP
+make VB I-VP
+insurers NNS B-NP
+pay VB B-VP
+for IN B-PP
+pollution NN B-NP
+cleanup NN I-NP
+win NN B-VP
+court NN B-NP
+victory NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+case NN I-NP
+involving VBG B-VP
+Avondale NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+and CC O
+its PRP$ B-NP
+insurer NN I-NP
+, , O
+Travelers NNP B-NP
+Cos. NNP I-NP
+, , O
+the DT B-NP
+Second NNP I-NP
+U.S. NNP I-NP
+Circuit NNP I-NP
+Court NNP I-NP
+of IN B-PP
+Appeals NNPS B-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+ruled VBD B-VP
+in IN B-PP
+favor NN B-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+on IN B-PP
+two CD B-NP
+issues NNS I-NP
+that IN B-NP
+lawyers NNS B-NP
+say VBP B-VP
+are VBP B-VP
+central JJ B-ADJP
+to TO B-PP
+dozens NNS B-NP
+of IN B-PP
+pollution NN B-NP
+cases NNS I-NP
+around IN B-PP
+the DT B-NP
+country NN I-NP
+. . O
+
+Travelers NNP B-NP
+and CC O
+other JJ B-NP
+insurers NNS I-NP
+have VBP B-VP
+maintained VBN I-VP
+that IN B-SBAR
+cleanup NN B-NP
+costs NNS I-NP
+are VBP B-VP
+n't RB O
+damages VBZ B-NP
+and CC O
+thus RB B-ADVP
+are VBP B-VP
+n't RB I-VP
+covered VBN I-VP
+under IN B-PP
+commercial JJ B-NP
+policies NNS I-NP
+. . O
+
+They PRP B-NP
+also RB B-ADVP
+have VBP B-VP
+argued VBN I-VP
+that IN B-SBAR
+government NN B-NP
+proceedings NNS I-NP
+notifying VBG B-VP
+a DT B-NP
+company NN I-NP
+of IN B-PP
+potential JJ B-NP
+responsibility NN I-NP
+do VBP B-VP
+n't RB I-VP
+fit VB I-VP
+the DT B-NP
+legal JJ I-NP
+definition NN I-NP
+of IN B-PP
+a DT B-NP
+lawsuit NN I-NP
+; : O
+thus RB B-ADVP
+, , O
+such JJ B-NP
+governmental JJ I-NP
+proceedings NNS I-NP
+are VBP B-VP
+n't RB I-VP
+covered VBN I-VP
+by IN B-PP
+the DT B-NP
+policies NNS I-NP
+, , O
+the DT B-NP
+insurers NNS I-NP
+say VBP B-VP
+. . O
+
+The DT B-NP
+appeals NNS I-NP
+court VBP I-NP
+disagreed VBD B-VP
+on IN B-PP
+both DT B-NP
+counts NNS I-NP
+. . O
+
+Avondale NNP B-NP
+was VBD B-VP
+notified VBN I-VP
+by IN B-PP
+Louisiana NNP B-NP
+officials NNS I-NP
+in IN B-PP
+1986 CD B-NP
+that IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+potentially RB B-ADJP
+responsible JJ I-ADJP
+for IN B-PP
+a DT B-NP
+cleanup NN I-NP
+at IN B-PP
+an DT B-NP
+oil-recycling NN I-NP
+plant NN I-NP
+. . O
+
+Avondale NNP B-NP
+asked VBD B-VP
+Travelers NNP B-NP
+to TO B-VP
+defend VB I-VP
+it PRP B-NP
+in IN B-PP
+the DT B-NP
+state NN I-NP
+proceeding NN I-NP
+, , O
+but CC O
+the DT B-NP
+insurer NN I-NP
+did VBD B-VP
+n't RB I-VP
+respond VB I-VP
+. . O
+
+The DT B-NP
+appeals NNS I-NP
+court VBP I-NP
+upheld VBD B-VP
+a DT B-NP
+district NN I-NP
+judge NN I-NP
+'s POS B-NP
+ruling NN I-NP
+that IN B-SBAR
+the DT B-NP
+insurer NN I-NP
+had VBD B-VP
+to TO I-VP
+defend VB I-VP
+the DT B-NP
+company NN I-NP
+in IN B-PP
+such JJ B-NP
+proceedings NNS I-NP
+. . O
+
+The DT B-NP
+appeals NNS I-NP
+court VBP I-NP
+also RB B-ADVP
+said VBD B-VP
+, , O
+`` `` O
+We PRP B-NP
+think VBP B-VP
+an DT B-NP
+ordinary JJ I-NP
+businessman NN I-NP
+reading VBG B-VP
+this DT B-NP
+policy NN I-NP
+would MD B-VP
+have VB I-VP
+believed VBN I-VP
+himself PRP B-NP
+covered VBD B-ADJP
+for IN B-PP
+the DT B-NP
+demands NNS I-NP
+and CC I-NP
+potential JJ I-NP
+damage NN I-NP
+claims NNS I-NP
+'' '' O
+stemming VBG B-VP
+from IN B-PP
+any DT B-NP
+cleanup NN I-NP
+. . O
+
+`` `` O
+This DT B-NP
+decision NN I-NP
+will MD B-VP
+have VB I-VP
+a DT B-NP
+very RB I-NP
+considerable JJ I-NP
+impact NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Kenneth NNP B-NP
+Abraham NNP I-NP
+, , O
+professor NN B-NP
+of IN B-PP
+environmental JJ B-NP
+law NN I-NP
+and CC O
+insurance NN B-NP
+law NN I-NP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+Virginia NNP B-NP
+, , O
+because IN B-SBAR
+many JJ B-NP
+commercial JJ I-NP
+insurance NN I-NP
+policies NNS I-NP
+are VBP B-VP
+issued VBN I-VP
+by IN B-PP
+companies NNS B-NP
+based VBN B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+William NNP B-NP
+Greaney NNP I-NP
+, , O
+an DT B-NP
+attorney NN I-NP
+for IN B-PP
+the DT B-NP
+Chemical NNP I-NP
+Manufacturers NNP I-NP
+Association NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+while IN B-SBAR
+other JJ B-NP
+appeals NNS I-NP
+courts NNS I-NP
+have VBP B-VP
+ruled VBN I-VP
+differently RB B-ADVP
+on IN B-PP
+whether IN B-SBAR
+cleanup NN B-NP
+costs NNS I-NP
+are VBP B-VP
+damages NNS B-NP
+, , O
+the DT B-NP
+influence NN I-NP
+of IN B-PP
+the DT B-NP
+appeals NNS I-NP
+court VBP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+`` `` O
+will MD B-VP
+make VB I-VP
+insurers NNS B-NP
+sit VB B-VP
+up VB B-ADVP
+and CC O
+listen VB B-VP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+decision NN I-NP
+was VBD B-VP
+the DT B-NP
+first JJ I-NP
+in IN B-PP
+which WDT B-NP
+a DT B-NP
+federal JJ I-NP
+appeals NNS I-NP
+court VBP I-NP
+has VBZ B-VP
+ruled VBN I-VP
+whether IN B-SBAR
+administrative JJ B-NP
+government NN I-NP
+proceedings NNS I-NP
+qualify VBP B-VP
+as IN B-PP
+litigation NN B-NP
+. . O
+
+Barry NNP B-NP
+R. NNP I-NP
+Ostrager NNP I-NP
+, , O
+an DT B-NP
+attorney NN I-NP
+for IN B-PP
+Travelers NNP B-NP
+, , O
+said VBD B-VP
+, , O
+`` `` O
+there EX B-NP
+are VBP B-VP
+procedural JJ B-NP
+bases NNS I-NP
+on IN B-PP
+which WDT B-NP
+this DT B-NP
+case NN I-NP
+will MD B-VP
+be VB I-VP
+appealed VBN I-VP
+further JJ B-ADVP
+. . O
+'' '' O
+
+NEW NNP B-NP
+YORK NNP I-NP
+'S VBZ B-NP
+poor JJ I-NP
+face NN B-VP
+nearly RB B-NP
+three CD I-NP
+million CD I-NP
+legal JJ I-NP
+problems NNS I-NP
+a DT B-NP
+year NN I-NP
+without IN B-PP
+legal JJ B-NP
+help NN I-NP
+. . O
+
+That DT B-NP
+is VBZ B-VP
+the DT B-NP
+conclusion NN I-NP
+of IN B-PP
+a DT B-NP
+report NN I-NP
+released VBN B-VP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+State NNP I-NP
+Bar NNP I-NP
+Association NNP I-NP
+. . O
+
+The DT B-NP
+report NN I-NP
+was VBD B-VP
+based VBN I-VP
+on IN B-PP
+a DT B-NP
+telephone NN I-NP
+survey NN I-NP
+of IN B-PP
+1,250 CD B-NP
+low-income JJ I-NP
+households NNS I-NP
+across IN B-PP
+the DT B-NP
+state NN I-NP
+, , O
+a DT B-NP
+mail NN I-NP
+survey NN I-NP
+of IN B-PP
+major JJ B-NP
+legal-services NNS I-NP
+programs NNS I-NP
+and CC O
+on-site JJ B-NP
+interviews NNS I-NP
+with IN B-PP
+individuals NNS B-NP
+in IN B-PP
+the DT B-NP
+field NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+report NN I-NP
+provides VBZ B-VP
+detailed VBN B-NP
+documentation NN I-NP
+of IN B-PP
+the DT B-NP
+extent NN I-NP
+and CC I-NP
+nature NN I-NP
+of IN B-PP
+the DT B-NP
+problem NN I-NP
+and CC O
+indicates VBZ B-VP
+how WRB B-ADVP
+we PRP B-NP
+may MD B-VP
+want VB I-VP
+to TO I-VP
+shape VB I-VP
+solutions NNS B-NP
+, , O
+'' '' O
+said VBD B-VP
+Joseph NNP B-NP
+Genova NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+the DT B-NP
+committee NN I-NP
+that WDT B-NP
+oversaw VBD B-VP
+the DT B-NP
+survey NN I-NP
+and CC O
+a DT B-NP
+partner NN I-NP
+at IN B-PP
+the DT B-NP
+law NN I-NP
+firm NN I-NP
+of IN B-PP
+Milbank NNP B-NP
+, , I-NP
+Tweed NNP I-NP
+, , I-NP
+Hadley NNP I-NP
+& CC I-NP
+McCloy NNP I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+the DT B-NP
+study NN I-NP
+, , O
+slightly RB B-NP
+more JJR I-NP
+than IN I-NP
+34 CD I-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+surveyed VBN B-VP
+reported VBD B-VP
+having VBG I-VP
+at IN B-NP
+least JJS I-NP
+one CD I-NP
+housing NN I-NP
+problem NN I-NP
+every DT B-NP
+year NN I-NP
+for IN B-PP
+which WDT B-NP
+they PRP B-NP
+had VBD B-VP
+no DT B-NP
+legal JJ I-NP
+help NN I-NP
+. . O
+
+Nearly RB B-NP
+36 CD I-NP
+% NN I-NP
+ranked VBD B-VP
+housing NN B-NP
+problems NNS I-NP
+as IN B-PP
+their PRP$ B-NP
+most RBS I-NP
+serious JJ I-NP
+unmet JJ I-NP
+legal JJ I-NP
+need NN I-NP
+. . O
+
+Other JJ B-NP
+areas NNS I-NP
+targeted VBN B-VP
+by IN B-PP
+the DT B-NP
+survey NN I-NP
+'s POS B-NP
+respondents NNS I-NP
+included VBD B-VP
+difficulty NN B-NP
+obtaining VBG B-VP
+or CC I-VP
+maintaining VBG I-VP
+public JJ B-NP
+benefits NNS I-NP
+-LRB- ( O
+22 CD B-NP
+% NN I-NP
+-RRB- ) O
+, , O
+consumer NN B-NP
+fraud NN I-NP
+-LRB- ( O
+15.4 CD B-NP
+% NN I-NP
+-RRB- ) O
+, , O
+and CC O
+health-care NN B-NP
+issues NNS I-NP
+-LRB- ( O
+15 CD B-NP
+% NN I-NP
+-RRB- ) O
+. . O
+
+During IN B-PP
+the DT B-NP
+15-month JJ I-NP
+survey NN I-NP
+, , O
+43 CD B-NP
+% NN I-NP
+of IN B-PP
+all DT B-NP
+legal-services NNS I-NP
+programs NNS I-NP
+said VBD B-VP
+that IN B-SBAR
+at IN B-PP
+some DT B-NP
+period NN I-NP
+they PRP B-NP
+were VBD B-VP
+unable JJ B-ADJP
+to TO B-VP
+accept VB I-VP
+new JJ B-NP
+clients NNS I-NP
+unless IN B-SBAR
+they PRP B-NP
+had VBD B-VP
+an DT B-NP
+emergency NN I-NP
+. . O
+
+Mr. NNP B-NP
+Genova NNP I-NP
+said VBD B-VP
+the DT B-NP
+committee NN I-NP
+may MD B-VP
+meet VB I-VP
+to TO B-VP
+propose VB I-VP
+solutions NNS B-NP
+to TO B-PP
+the DT B-NP
+problems NNS I-NP
+identified VBN B-VP
+in IN B-PP
+the DT B-NP
+study NN I-NP
+. . O
+
+PROSECUTOR NNP B-NP
+TO TO B-VP
+JOIN VB I-VP
+Gibson NNP B-NP
+Dunn NNP I-NP
+: : O
+
+Assistant NNP B-NP
+U.S. NNP I-NP
+Attorney NNP I-NP
+Randy NNP I-NP
+Mastro NNP I-NP
+, , O
+who WP B-NP
+headed VBD B-VP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+racketeering NN I-NP
+case NN I-NP
+against IN B-PP
+the DT B-NP
+International NNP I-NP
+Brotherhood NNP I-NP
+of IN B-PP
+Teamsters NNPS B-NP
+, , O
+will MD B-VP
+join VB I-VP
+Gibson NNP B-NP
+, , I-NP
+Dunn NNP I-NP
+& CC I-NP
+Crutcher NNP I-NP
+in IN B-PP
+its PRP$ B-NP
+New NNP I-NP
+York NNP I-NP
+office NN I-NP
+. . O
+
+Mr. NNP B-NP
+Mastro NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+with IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+U.S. NNP I-NP
+attorney NN I-NP
+'s POS B-NP
+office NN I-NP
+for IN B-PP
+nearly RB B-NP
+five CD I-NP
+years NNS I-NP
+. . O
+
+In IN B-PP
+1987 CD B-NP
+he PRP B-NP
+became VBD B-VP
+deputy NN B-NP
+chief NN I-NP
+of IN B-PP
+the DT B-NP
+civil JJ I-NP
+division NN I-NP
+. . O
+
+Mr. NNP B-NP
+Mastro NNP I-NP
+will MD B-VP
+do VB I-VP
+civil JJ B-NP
+litigation NN I-NP
+and CC O
+white-collar JJ B-NP
+defense NN I-NP
+work NN I-NP
+for IN B-PP
+Gibson NNP B-NP
+Dunn NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+based VBN I-VP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+FORMER JJ B-NP
+APPLE NNP I-NP
+COMPUTER NNP I-NP
+Inc. NNP I-NP
+general JJ I-NP
+counsel NN I-NP
+John NNP I-NP
+P. NNP I-NP
+Karalis NNP I-NP
+has VBZ B-VP
+joined VBN I-VP
+the DT B-NP
+Phoenix NNP I-NP
+, , I-NP
+Ariz. NNP I-NP
+, , I-NP
+law NN I-NP
+firm NN I-NP
+of IN B-PP
+Brown NNP B-NP
+& CC I-NP
+Bain NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Karalis NNP I-NP
+, , O
+51 CD B-NP
+, , O
+will MD B-VP
+specialize VB I-VP
+in IN B-PP
+corporate JJ B-NP
+law NN I-NP
+and CC O
+international JJ B-NP
+law NN I-NP
+at IN B-PP
+the DT B-NP
+110-lawyer JJ I-NP
+firm NN I-NP
+. . O
+
+Before IN B-PP
+joining VBG B-VP
+Apple NNP B-NP
+in IN B-PP
+1986 CD B-NP
+, , O
+Mr. NNP B-NP
+Karalis NNP I-NP
+served VBD B-VP
+as IN B-PP
+general JJ B-NP
+counsel NN I-NP
+at IN B-PP
+Sperry NNP B-NP
+Corp NNP I-NP
+. . O
+
+After IN B-PP
+failing VBG B-VP
+to TO I-VP
+find VB I-VP
+a DT B-NP
+buyer NN I-NP
+for IN B-PP
+the DT B-NP
+Sears NNP I-NP
+Tower NNP I-NP
+in IN B-PP
+Chicago NNP B-NP
+, , O
+Sears NNP B-NP
+, , I-NP
+Roebuck NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+is VBZ B-VP
+negotiating VBG I-VP
+with IN B-PP
+Boston NNP B-NP
+pension NN I-NP
+fund NN I-NP
+adviser NN I-NP
+Aldrich NNP I-NP
+, , I-NP
+Eastman NNP I-NP
+& CC I-NP
+Waltch NNP I-NP
+Inc. NNP I-NP
+to TO B-VP
+refinance VB I-VP
+the DT B-NP
+property NN I-NP
+for IN B-PP
+close RB B-NP
+to TO I-NP
+$ $ I-NP
+850 CD I-NP
+million CD I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+people NNS B-NP
+close VBP B-ADJP
+to TO B-PP
+the DT B-NP
+negotiations NNS I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+proposed VBN I-NP
+agreement NN I-NP
+involving VBG B-VP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+tallest JJS I-NP
+building NN I-NP
+, , O
+Chicago-based JJ B-NP
+Sears NNP I-NP
+would MD B-VP
+receive VB I-VP
+about IN B-NP
+half PDT I-NP
+the DT I-NP
+money NN I-NP
+through IN B-PP
+conventional JJ B-NP
+mortgage NN I-NP
+financing NN I-NP
+and CC O
+the DT B-NP
+other JJ I-NP
+half NN I-NP
+as IN B-PP
+a DT B-NP
+convertible JJ I-NP
+mortgage NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+term NN I-NP
+of IN B-PP
+the DT B-NP
+convertible JJ I-NP
+loan NN I-NP
+, , O
+Sears NNP B-NP
+could MD B-VP
+still RB I-VP
+own JJ I-VP
+half PDT B-NP
+the DT I-NP
+building NN I-NP
+, , O
+and CC O
+AEW NNP B-NP
+could MD B-VP
+own VB I-VP
+the DT B-NP
+other JJ I-NP
+half NN I-NP
+. . O
+
+Neither CC B-NP
+side NN I-NP
+would MD B-VP
+comment VB I-VP
+. . O
+
+The DT B-NP
+parties NNS I-NP
+are VBP B-VP
+currently RB I-VP
+negotiating VBG I-VP
+over IN B-PP
+who WP B-NP
+would MD B-VP
+manage VB I-VP
+the DT B-NP
+building NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+be VB I-VP
+emptied VBN I-VP
+of IN B-PP
+6,000 CD B-NP
+employees NNS I-NP
+from IN B-PP
+Sears NNP B-NP
+' POS B-NP
+merchandise NN I-NP
+group NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+moving VBG I-VP
+elsewhere RB B-ADVP
+. . O
+
+The DT B-NP
+new JJ I-NP
+manager NN I-NP
+will MD B-VP
+face VB I-VP
+the DT B-NP
+daunting JJ I-NP
+task NN I-NP
+of IN B-PP
+leasing NN B-VP
+1.8 CD B-NP
+million CD I-NP
+square NN I-NP
+feet NNS I-NP
+in IN B-PP
+a DT B-NP
+relatively RB I-NP
+soft JJ I-NP
+Chicago NNP I-NP
+real JJ I-NP
+estate NN I-NP
+market NN I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+it PRP B-NP
+has VBZ B-VP
+not RB I-VP
+yet RB I-VP
+been VBN I-VP
+decided VBN I-VP
+exactly RB B-NP
+how WRB I-NP
+much NN I-NP
+of IN B-PP
+the DT B-NP
+mortgage NN I-NP
+AEW NNP B-NP
+will MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+convert VB I-VP
+into IN B-PP
+equity NN B-NP
+. . O
+
+Convertible JJ B-NP
+mortgages NNS I-NP
+have VBP B-VP
+become VBN I-VP
+an DT B-NP
+increasingly RB I-NP
+popular JJ I-NP
+way NN I-NP
+to TO B-VP
+finance VB I-VP
+prestigious JJ B-NP
+buildings NNS I-NP
+of IN B-PP
+late JJ B-ADVP
+. . O
+
+In IN B-PP
+a DT B-NP
+convertible JJ I-NP
+mortgage NN I-NP
+, , O
+the DT B-NP
+investor NN I-NP
+lends VBZ B-VP
+the DT B-NP
+building NN I-NP
+owner NN I-NP
+a DT B-NP
+certain JJ I-NP
+amount NN I-NP
+in IN B-PP
+return NN B-NP
+for IN B-PP
+the DT B-NP
+option NN I-NP
+to TO B-VP
+convert VB I-VP
+its PRP$ B-NP
+interest NN I-NP
+into IN B-PP
+equity NN B-NP
+, , O
+usually RB B-ADVP
+less JJR B-NP
+than IN I-NP
+50 CD I-NP
+% NN I-NP
+, , O
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+loan NN I-NP
+term NN I-NP
+. . O
+
+During IN B-PP
+the DT B-NP
+term NN I-NP
+, , O
+the DT B-NP
+lender NN I-NP
+can MD B-VP
+either DT I-VP
+receive VB I-VP
+a DT B-NP
+percentage NN I-NP
+of IN B-PP
+cash NN B-NP
+flow NN I-NP
+, , O
+a DT B-NP
+percentage NN I-NP
+of IN B-PP
+the DT B-NP
+building NN I-NP
+'s POS B-NP
+appreciation NN I-NP
+or CC O
+a DT B-NP
+fixed VBN I-NP
+return NN I-NP
+. . O
+
+The DT B-NP
+main JJ I-NP
+advantage NN I-NP
+of IN B-PP
+a DT B-NP
+convertible JJ I-NP
+mortgage NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+not RB O
+a DT B-NP
+sale NN I-NP
+and CC O
+therefore RB B-ADVP
+does VBZ B-VP
+not RB I-VP
+trigger VB I-VP
+costly JJ B-NP
+transfer NN I-NP
+taxes NNS I-NP
+and CC I-NP
+reappraisal NN I-NP
+. . O
+
+Sears NNP B-NP
+said VBD B-VP
+it PRP B-NP
+would MD B-VP
+put VB I-VP
+the DT B-NP
+110-story JJ I-NP
+tower NN I-NP
+on IN B-PP
+the DT B-NP
+block NN I-NP
+almost RB B-NP
+a DT I-NP
+year NN I-NP
+ago RB B-ADVP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+its PRP$ B-NP
+anti-takeover JJ I-NP
+restructuring NN I-NP
+. . O
+
+But CC O
+Japanese JJ B-NP
+institutions NNS I-NP
+shied VBD B-VP
+away RB B-ADVP
+from IN B-PP
+bidding NN B-VP
+on IN B-PP
+the DT B-NP
+high-profile JJ I-NP
+tower NN I-NP
+out IN B-PP
+of IN B-PP
+fear VB B-NP
+their PRP$ B-NP
+purchase NN I-NP
+of IN B-PP
+the DT B-NP
+property NN I-NP
+would MD B-VP
+trigger VB I-VP
+anti-Japanese JJ B-NP
+sentiment NN I-NP
+. . O
+
+Last JJ B-NP
+summer NN I-NP
+, , O
+Sears NNP B-NP
+appeared VBD B-VP
+to TO I-VP
+have VB I-VP
+a DT B-NP
+deal NN I-NP
+with IN B-PP
+Canadian JJ B-NP
+developer NN I-NP
+Olympia NNP I-NP
+& CC I-NP
+York NNP I-NP
+Developments NNP I-NP
+Ltd NNP I-NP
+. . O
+
+But CC O
+that DT B-NP
+deal NN I-NP
+fell VBD B-VP
+through IN B-ADVP
+in IN B-PP
+September NNP B-NP
+after IN B-SBAR
+it PRP B-NP
+became VBD B-VP
+clear JJ B-ADJP
+that IN B-SBAR
+the DT B-NP
+sale NN I-NP
+would MD B-VP
+lead VB I-VP
+to TO B-PP
+a DT B-NP
+major JJ I-NP
+real JJ I-NP
+estate NN I-NP
+tax NN I-NP
+reassessment NN I-NP
+, , O
+raising VBG B-VP
+property NN B-NP
+taxes NNS I-NP
+, , O
+and CC O
+making VBG B-VP
+it PRP B-NP
+difficult JJ B-ADJP
+to TO B-VP
+lease VB I-VP
+the DT B-NP
+building NN I-NP
+at IN B-PP
+competitive JJ B-NP
+prices NNS I-NP
+. . O
+
+Real JJ B-NP
+estate NN I-NP
+industry NN I-NP
+executives NNS I-NP
+said VBD B-VP
+Sears NNP B-NP
+' POS B-NP
+investment NN I-NP
+banker NN I-NP
+, , O
+Goldman NNP B-NP
+, , I-NP
+Sachs NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+sought VBD B-VP
+financing NN B-NP
+in IN B-PP
+Japan NNP B-NP
+. . O
+
+However RB B-ADVP
+, , O
+Japanese JJ B-NP
+authorities NNS I-NP
+apparently RB B-ADVP
+were VBD B-VP
+concerned VBN B-ADJP
+that IN B-SBAR
+a DT B-NP
+refinancing NN I-NP
+also RB B-ADVP
+would MD B-VP
+attract VB I-VP
+too RB B-NP
+much JJ I-NP
+publicity NN I-NP
+. . O
+
+Sears NNP B-NP
+then RB B-ADVP
+went VBD B-VP
+back RB B-ADVP
+to TO B-PP
+AEW NNP B-NP
+, , O
+the DT B-NP
+Boston NNP I-NP
+pension NN I-NP
+adviser NN I-NP
+that WDT B-NP
+had VBD B-VP
+proposed VBN I-VP
+a DT B-NP
+convertible JJ I-NP
+debt NN I-NP
+deal NN I-NP
+during IN B-PP
+the DT B-NP
+first JJ I-NP
+round NN I-NP
+of IN B-PP
+bids NNS B-NP
+last JJ B-NP
+spring NN I-NP
+. . O
+
+AEW NNP B-NP
+has VBZ B-VP
+$ $ B-NP
+3.5 CD I-NP
+billion CD I-NP
+of IN B-PP
+real JJ B-NP
+estate NN I-NP
+investments NNS I-NP
+nationwide JJ B-ADVP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+spokesman NN I-NP
+. . O
+
+Tandy NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+signed VBD B-VP
+a DT B-NP
+definitive JJ I-NP
+agreement NN I-NP
+to TO B-VP
+acquire VB I-VP
+two CD B-NP
+units NNS I-NP
+of IN B-PP
+Datatronic NNP B-NP
+AB NNP I-NP
+of IN B-PP
+Stockholm NNP B-NP
+for IN B-PP
+cash NN B-NP
+. . O
+
+The DT B-NP
+amount NN I-NP
+was VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+The DT B-NP
+electronics NNS I-NP
+maker NN I-NP
+and CC I-NP
+retailer NN I-NP
+previously RB B-ADVP
+estimated VBD B-VP
+the DT B-NP
+sale NN I-NP
+price NN I-NP
+at IN B-PP
+between IN B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+and CC I-NP
+$ $ I-NP
+200 CD I-NP
+million CD I-NP
+for IN B-PP
+Datatronic NNP B-NP
+'s POS B-NP
+Victor NNP I-NP
+microcomputer NN I-NP
+and CC I-NP
+Micronic NNP I-NP
+hand-held JJ I-NP
+computer NN I-NP
+subsidiaries NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+Tandy NNP B-NP
+will MD B-VP
+acquire VB I-VP
+rights NNS B-NP
+to TO B-PP
+the DT B-NP
+Victor NNP I-NP
+and CC I-NP
+Micronic NNP I-NP
+names NNS I-NP
+for IN B-PP
+computers NNS B-NP
+. . O
+
+During IN B-PP
+1988 CD B-NP
+, , O
+the DT B-NP
+Datatronic NNP I-NP
+subsidiaries NNS I-NP
+had VBD B-VP
+combined VBN B-NP
+sales NNS I-NP
+in IN B-PP
+excess NN B-NP
+of IN B-PP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+transaction NN I-NP
+will MD B-VP
+give VB I-VP
+Tandy NNP B-NP
+a DT B-NP
+well-known JJ I-NP
+European JJ I-NP
+computer NN I-NP
+brand NN I-NP
+that WDT B-NP
+includes VBZ B-VP
+2,700 CD B-NP
+dealers NNS I-NP
+and CC I-NP
+distributors NNS I-NP
+marketing NN B-VP
+to TO B-PP
+medium-sized JJ B-NP
+business NN I-NP
+and CC I-NP
+educational JJ I-NP
+institutions NNS I-NP
+. . O
+
+Closing NN B-NP
+of IN B-PP
+the DT B-NP
+transaction NN I-NP
+is VBZ B-VP
+subject NN B-ADJP
+to TO B-PP
+certain JJ B-NP
+conditions NNS I-NP
+and CC I-NP
+regulatory JJ I-NP
+approvals NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Two CD B-NP
+rules NNS I-NP
+in IN B-PP
+pending VBG B-NP
+congressional JJ I-NP
+legislation NN I-NP
+threaten VB B-VP
+to TO I-VP
+hinder VB I-VP
+leveraged JJ B-NP
+buy-outs NNS I-NP
+by IN B-PP
+raising VBG B-VP
+the DT B-NP
+price NN I-NP
+tags NNS I-NP
+of IN B-PP
+such JJ B-NP
+deals NNS I-NP
+by IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+10 CD I-NP
+% NN I-NP
+. . O
+
+Wall NNP B-NP
+Street NNP I-NP
+is VBZ B-VP
+seething VBG I-VP
+over IN B-PP
+the DT B-NP
+rules NNS I-NP
+, , O
+which WDT B-NP
+would MD B-VP
+curtail VB I-VP
+the DT B-NP
+tax NN I-NP
+deductibility NN I-NP
+of IN B-PP
+debt NN B-NP
+used VBN B-VP
+in IN B-PP
+most RBS B-NP
+LBOs NNS I-NP
+. . O
+
+The DT B-NP
+provisions NNS I-NP
+, , O
+in IN B-PP
+deficit-reduction NN B-NP
+bills NNS I-NP
+recently RB B-VP
+passed VBN I-VP
+by IN B-PP
+the DT B-NP
+House NNP I-NP
+and CC I-NP
+Senate NNP I-NP
+, , O
+could MD B-VP
+further VB I-VP
+cool VB I-VP
+the DT B-NP
+takeover NN I-NP
+boom NN I-NP
+that WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+driving VBG I-NP
+force NN I-NP
+behind IN B-PP
+the DT B-NP
+bull NN I-NP
+market NN I-NP
+in IN B-PP
+stocks NNS B-NP
+for IN B-PP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+1980s CD I-NP
+, , O
+some DT B-NP
+tax NN I-NP
+experts NNS I-NP
+and CC I-NP
+investment NN I-NP
+bankers NNS I-NP
+argue VBP B-VP
+. . O
+
+Indeed RB B-ADVP
+, , O
+some DT B-NP
+investment NN I-NP
+bankers NNS I-NP
+have VBP B-VP
+already RB I-VP
+started VBN I-VP
+restructuring NN I-VP
+deals NNS B-NP
+to TO B-VP
+cope VB I-VP
+with IN B-PP
+the DT B-NP
+expected VBN I-NP
+rules NNS I-NP
+. . O
+
+Wall NNP B-NP
+Street NNP I-NP
+has VBZ B-VP
+all DT I-VP
+but CC I-VP
+conceded VBN I-VP
+on IN B-PP
+the DT B-NP
+issue NN I-NP
+and CC O
+is VBZ B-VP
+now RB I-VP
+lobbying VBG I-VP
+for IN B-PP
+the DT B-NP
+less RBR I-NP
+onerous JJ I-NP
+Senate NNP I-NP
+version NN I-NP
+of IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+provisions NNS I-NP
+. . O
+
+At IN B-PP
+issue NN B-NP
+is VBZ B-VP
+the DT B-NP
+deductibility NN I-NP
+of IN B-PP
+certain JJ B-NP
+junk NN I-NP
+bonds NNS I-NP
+that WDT B-NP
+are VBP B-VP
+used VBN I-VP
+in IN B-PP
+most RBS B-NP
+LBOs NNS I-NP
+. . O
+
+Such JJ B-NP
+high-yield JJ I-NP
+debt NN I-NP
+is VBZ B-VP
+similar JJ B-ADJP
+to TO B-PP
+a DT B-NP
+zero-coupon JJ I-NP
+bond NN I-NP
+in IN B-SBAR
+that DT I-SBAR
+it PRP B-NP
+is VBZ B-VP
+sold VBN I-VP
+at IN B-PP
+a DT B-NP
+discount NN I-NP
+to TO B-PP
+face VB B-NP
+value NN I-NP
+, , O
+with IN B-PP
+interest NN B-NP
+accruing VBG B-VP
+instead RB B-CONJP
+of IN I-CONJP
+being VBG B-VP
+paid VBN I-VP
+to TO B-PP
+the DT B-NP
+holder NN I-NP
+. . O
+
+Under IN B-PP
+current JJ B-NP
+rules NNS I-NP
+, , O
+that IN B-NP
+accrued VBN I-NP
+interest NN I-NP
+is VBZ B-VP
+deductible JJ B-ADJP
+by IN B-PP
+the DT B-NP
+company NN I-NP
+issuing VBG B-VP
+the DT B-NP
+debt NN I-NP
+. . O
+
+The DT B-NP
+House NNP I-NP
+version NN I-NP
+of IN B-PP
+the DT B-NP
+legislation NN I-NP
+would MD B-VP
+kill VB I-VP
+that DT B-NP
+deduction NN I-NP
+, , O
+and CC O
+label VB B-VP
+any DT B-NP
+such JJ I-NP
+debt NN I-NP
+as IN B-PP
+equity NN B-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+n't RB O
+deductible JJ B-ADJP
+. . O
+
+The DT B-NP
+less-rigorous JJR I-NP
+Senate NNP I-NP
+version NN I-NP
+would MD B-VP
+defer VB I-VP
+the DT B-NP
+deductibility NN I-NP
+for IN B-PP
+roughly RB B-NP
+five CD I-NP
+years NNS I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+see VBP B-VP
+these DT B-NP
+in NN B-PP
+just RB B-ADVP
+about IN I-ADVP
+every DT B-NP
+LBO NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+Robert NNP B-NP
+Willens NNP I-NP
+, , O
+senior JJ B-NP
+vice NN I-NP
+president NN I-NP
+in IN B-PP
+charge NN B-NP
+of IN B-PP
+tax NN B-NP
+issues NNS I-NP
+at IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+becomes VBZ B-VP
+a DT B-NP
+source NN I-NP
+of IN B-PP
+cash NN B-NP
+'' '' O
+for IN B-PP
+the DT B-NP
+company NN I-NP
+making VBG B-VP
+the DT B-NP
+LBO NNP I-NP
+because IN B-SBAR
+it PRP B-NP
+gets VBZ B-VP
+a DT B-NP
+deduction NN I-NP
+and CC O
+does VBZ B-VP
+n't RB I-VP
+have VB I-VP
+to TO I-VP
+repay VB I-VP
+the DT B-NP
+debt NN I-NP
+for IN B-PP
+several JJ B-NP
+years NNS I-NP
+. . O
+
+Typically RB B-ADVP
+, , O
+Mr. NNP B-NP
+Willens NNP I-NP
+estimates VBZ B-VP
+, , O
+this DT B-NP
+type NN I-NP
+of IN B-PP
+debt NN B-NP
+makes VBZ B-VP
+up IN B-PRT
+15 CD B-NP
+% NN I-NP
+to TO O
+20 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+financing NN I-NP
+for IN B-PP
+LBOs NNS B-NP
+. . O
+
+These DT B-NP
+types NNS I-NP
+of IN B-PP
+bonds NNS B-NP
+have VBP B-VP
+been VBN I-VP
+used VBN I-VP
+in IN B-PP
+buy-outs NNS B-NP
+of IN B-PP
+companies NNS B-NP
+such JJ B-PP
+as IN I-PP
+RJR NNP B-NP
+Nabisco NNP I-NP
+Inc. NNP I-NP
+, , O
+Storer NNP B-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+and CC O
+Kroger NNP B-NP
+Co NNP I-NP
+. . O
+
+A DT B-NP
+second JJ I-NP
+provision NN I-NP
+passed VBN B-VP
+by IN B-PP
+the DT B-NP
+Senate NNP I-NP
+and CC I-NP
+House NNP I-NP
+would MD B-VP
+eliminate VB I-VP
+a DT B-NP
+rule NN I-NP
+allowing VBG B-VP
+companies NNS B-NP
+that IN B-NP
+post NN B-VP
+losses NNS B-NP
+resulting VBG B-VP
+from IN B-PP
+LBO NNP B-NP
+debt NN I-NP
+to TO B-VP
+receive VB I-VP
+refunds NNS B-NP
+of IN B-PP
+taxes NNS B-NP
+paid VBN B-VP
+over IN B-PP
+the DT B-NP
+previous JJ I-NP
+three CD I-NP
+years NNS I-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+if IN B-SBAR
+a DT B-NP
+company NN I-NP
+posted VBD B-VP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+100 CD I-NP
+million CD I-NP
+from IN B-PP
+buy-out NN B-NP
+interest NN I-NP
+payments NNS I-NP
+, , O
+the DT B-NP
+existing VBG I-NP
+rule NN I-NP
+would MD B-VP
+allow VB I-VP
+the DT B-NP
+concern NN I-NP
+to TO B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+receive VB I-VP
+a DT B-NP
+refund NN I-NP
+from IN B-PP
+the DT B-NP
+tax NN I-NP
+it PRP B-NP
+paid VBD B-VP
+from IN B-PP
+1986 CD B-NP
+through IN B-PP
+1989 CD B-NP
+, , O
+when WRB B-ADVP
+it PRP B-NP
+may MD B-VP
+have VB I-VP
+been VBN I-VP
+a DT B-NP
+profitable JJ I-NP
+public JJ I-NP
+company NN I-NP
+. . O
+
+But CC O
+that DT B-NP
+rule NN I-NP
+is VBZ B-VP
+being VBG I-VP
+virtually RB I-VP
+overlooked VBN I-VP
+by IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+concentrating VBG I-VP
+on IN B-PP
+coping VBG B-VP
+with IN B-PP
+the DT B-NP
+deduction NN I-NP
+issue NN I-NP
+. . O
+
+`` `` O
+Prices NNS B-NP
+for IN B-PP
+LBOs NNS B-NP
+have VBP B-VP
+to TO I-VP
+come VB I-VP
+down RB B-ADVP
+if IN B-SBAR
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+that DT B-NP
+feature NN I-NP
+, , O
+'' '' O
+argued VBD B-VP
+Lawrence NNP B-NP
+Schloss NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+for IN B-PP
+merchant NN B-NP
+banking NN I-NP
+at IN B-PP
+Donaldson NNP B-NP
+, , I-NP
+Lufkin NNP I-NP
+& CC I-NP
+Jenrette NNP I-NP
+Securities NNP I-NP
+Corp. NNP I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+Several NNP B-NP
+Wall NNP I-NP
+Street NNP I-NP
+officials NNS I-NP
+say VBP B-VP
+the DT B-NP
+proposed VBN I-NP
+legislation NN I-NP
+already RB B-ADVP
+is VBZ B-VP
+having VBG I-VP
+an DT B-NP
+impact NN I-NP
+. . O
+
+An DT B-NP
+investment NN I-NP
+group NN I-NP
+led VBN B-VP
+by IN B-PP
+Chicago NNP B-NP
+'s POS B-NP
+Pritzker NNP I-NP
+family NN I-NP
+recently RB B-ADVP
+lowered VBD B-VP
+a DT B-NP
+$ $ I-NP
+3.35 CD I-NP
+billion CD I-NP
+bid NN I-NP
+for IN B-PP
+American NNP B-NP
+Medical NNP I-NP
+International NNP I-NP
+, , O
+Beverly NNP B-NP
+Hills NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+threat NN I-NP
+of IN B-PP
+the DT B-NP
+legislation NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+one CD B-NP
+investment NN I-NP
+banker NN I-NP
+, , O
+who WP B-NP
+requested VBD B-VP
+anonymity NN B-NP
+, , O
+said VBD B-VP
+his PRP$ B-NP
+firm NN I-NP
+did VBD B-VP
+n't RB I-VP
+raise VB I-VP
+the DT B-NP
+ante NN I-NP
+for IN B-PP
+a DT B-NP
+target NN I-NP
+company NN I-NP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+after IN B-SBAR
+a DT B-NP
+stronger JJR I-NP
+bid NN I-NP
+emerged VBD B-VP
+from IN B-PP
+a DT B-NP
+public JJ I-NP
+company NN I-NP
+that WDT B-NP
+was VBD B-VP
+n't RB O
+concerned VBN B-ADJP
+about IN B-PP
+the DT B-NP
+financing NN I-NP
+provision NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+would MD B-VP
+have VB I-VP
+paid VBN I-VP
+more JJR B-NP
+if IN B-SBAR
+we PRP B-NP
+thought VBD B-VP
+that DT B-NP
+law NN I-NP
+was VBD B-VP
+n't RB I-VP
+going VBG I-VP
+to TO I-VP
+pass VB I-VP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+One CD B-NP
+possible JJ I-NP
+solution NN I-NP
+for IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+is VBZ B-VP
+to TO B-VP
+increase VB I-VP
+the DT B-NP
+equity NN I-NP
+part NN I-NP
+of IN B-PP
+the DT B-NP
+transaction NN I-NP
+-- : O
+that DT B-NP
+is VBZ B-VP
+, , O
+give VB B-VP
+lenders NNS B-NP
+a DT B-NP
+bigger JJR I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+surviving VBG I-NP
+company NN I-NP
+rather RB B-PP
+than IN I-PP
+just RB B-NP
+interest NN I-NP
+payments NNS I-NP
+. . O
+
+That DT B-NP
+would MD B-VP
+force VB I-VP
+the DT B-NP
+buy-out NN I-NP
+firm NN I-NP
+and CC O
+the DT B-NP
+target NN I-NP
+company NN I-NP
+'s POS B-NP
+management NN I-NP
+to TO B-VP
+reduce VB I-VP
+their PRP$ B-NP
+level NN I-NP
+of IN B-PP
+ownership NN B-NP
+. . O
+
+`` `` O
+The DT B-NP
+pigs NNS I-NP
+in IN B-PP
+the DT B-NP
+trough NN I-NP
+may MD B-VP
+have VB I-VP
+to TO I-VP
+give VB I-VP
+a DT B-NP
+little JJ I-NP
+bit NN I-NP
+of IN B-PP
+the DT B-NP
+slop NN I-NP
+back RB B-ADVP
+and CC O
+then RB O
+the DT B-NP
+deal NN I-NP
+can MD B-VP
+go VB I-VP
+through IN B-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Peter NNP B-NP
+C. NNP I-NP
+Canellos NNP I-NP
+, , O
+tax NN B-NP
+partner NN I-NP
+at IN B-PP
+Wachtell NNP B-NP
+, , I-NP
+Lipton NNP I-NP
+, , I-NP
+Rosen NNP I-NP
+& CC I-NP
+Katz NNP I-NP
+. . O
+
+Another DT B-NP
+solution NN I-NP
+, , O
+said VBD B-VP
+a DT B-NP
+tax NN I-NP
+lawyer NN I-NP
+who WP B-NP
+requested VBD B-VP
+anonymity NN B-NP
+, , O
+is VBZ B-VP
+for IN B-SBAR
+firms NNS B-NP
+to TO B-VP
+use VB I-VP
+convertible JJ B-NP
+bonds NNS I-NP
+that WDT B-NP
+sell VBP B-VP
+at IN B-PP
+a DT B-NP
+discount NN I-NP
+. . O
+
+Since IN B-SBAR
+they PRP B-NP
+have VBP B-VP
+a DT B-NP
+lower JJR I-NP
+interest NN I-NP
+rate NN I-NP
+, , O
+they PRP B-NP
+would MD B-VP
+n't RB I-VP
+fall VB I-VP
+under IN B-PP
+the DT B-NP
+junk-bond NN I-NP
+category NN I-NP
+that WDT B-NP
+would MD B-VP
+lose VB I-VP
+its PRP$ B-NP
+deductibility NN I-NP
+. . O
+
+The DT B-NP
+House NNP I-NP
+version NN I-NP
+of IN B-PP
+the DT B-NP
+bill NN I-NP
+would MD B-VP
+make VB I-VP
+debt NN B-NP
+non-deductible JJ B-ADJP
+if IN B-SBAR
+it PRP B-NP
+pays VBZ B-VP
+five CD B-NP
+percentage NN I-NP
+points NNS I-NP
+above IN B-PP
+Treasury NNP B-NP
+notes NNS I-NP
+, , O
+has VBZ B-VP
+at IN B-ADVP
+least JJS I-ADVP
+a DT B-NP
+five-year JJ I-NP
+maturity NN I-NP
+and CC O
+does VBZ B-VP
+n't RB I-VP
+pay VB I-VP
+interest NN B-NP
+for IN B-PP
+at IN B-NP
+least JJS I-NP
+one CD I-NP
+year NN I-NP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+first JJ I-NP
+five CD I-NP
+. . O
+
+The DT B-NP
+bill NN I-NP
+would MD B-VP
+then RB I-VP
+declare VB I-VP
+that IN B-SBAR
+the DT B-NP
+debt NN I-NP
+is VBZ B-VP
+equity NN B-NP
+and CC O
+therefore RB B-ADVP
+is VBZ B-VP
+n't RB O
+deductible JJ B-ADJP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+bill NN I-NP
+would MD B-VP
+only RB I-VP
+deny VB I-VP
+the DT B-NP
+deduction NN I-NP
+until IN B-SBAR
+interest NN B-NP
+is VBZ B-VP
+actually RB I-VP
+paid VBN I-VP
+. . O
+
+Currently RB B-ADVP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+the DT B-NP
+issuer NN I-NP
+does VBZ B-VP
+n't RB I-VP
+pay VB I-VP
+tax NN B-NP
+, , O
+the DT B-NP
+debt NN I-NP
+holder NN I-NP
+is VBZ B-VP
+taxed VBN I-VP
+on IN B-PP
+the DT B-NP
+accrued VBN I-NP
+interest NN I-NP
+. . O
+
+But CC O
+those DT B-NP
+holders NNS I-NP
+are VBP B-VP
+often RB B-ADVP
+foreign JJ B-NP
+investors NNS I-NP
+and CC O
+tax-exempt JJ B-NP
+pension NN I-NP
+funds NNS I-NP
+that WDT B-NP
+do VBP B-VP
+n't RB I-VP
+pay VB I-VP
+taxes NNS B-NP
+on IN B-PP
+their PRP$ B-NP
+holdings NNS I-NP
+. . O
+
+The DT B-NP
+Senate NNP I-NP
+estimates NNS B-VP
+that IN B-SBAR
+its PRP$ B-NP
+version NN I-NP
+of IN B-PP
+the DT B-NP
+provision NN I-NP
+would MD B-VP
+yield VB I-VP
+$ $ B-NP
+17 CD I-NP
+million CD I-NP
+the DT B-NP
+first JJ I-NP
+year NN I-NP
+and CC O
+a DT B-NP
+total NN I-NP
+of IN B-PP
+$ $ B-NP
+409 CD I-NP
+million CD I-NP
+over IN B-PP
+five CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+House NNP I-NP
+version NN I-NP
+would MD B-VP
+raise VB I-VP
+slightly RB B-NP
+more JJR I-NP
+. . O
+
+Even RB B-SBAR
+if IN I-SBAR
+Wall NNP B-NP
+Street NNP I-NP
+finds VBZ B-VP
+ways NNS B-NP
+around IN B-PP
+the DT B-NP
+new JJ I-NP
+rules NNS I-NP
+, , O
+a DT B-NP
+Senate NNP I-NP
+aide NN I-NP
+contends VBZ B-VP
+LBOs NNS B-NP
+will MD B-VP
+become VB I-VP
+somewhat RB B-ADJP
+more RBR I-ADJP
+difficult JJ I-ADJP
+. . O
+
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+no DT B-NP
+question NN I-NP
+it PRP B-NP
+will MD B-VP
+make VB I-VP
+LBOs NNS B-NP
+more RBR B-ADJP
+expensive JJ I-ADJP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+The DT B-NP
+interest NN I-NP
+deduction NN I-NP
+was VBD B-VP
+the DT B-NP
+engine NN I-NP
+that WDT B-NP
+made VBD B-VP
+these DT B-NP
+things NNS I-NP
+more RBR B-ADJP
+productive JJ I-ADJP
+. . O
+
+The DT B-NP
+average JJ I-NP
+publicly RB I-NP
+offered VBN I-NP
+commodity NN I-NP
+fund NN I-NP
+fell VBD B-VP
+4.2 CD B-NP
+% NN I-NP
+in IN B-PP
+September NNP B-NP
+, , O
+largely RB B-ADVP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+volatile JJ I-NP
+markets NNS I-NP
+in IN B-PP
+foreign JJ B-NP
+currencies NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Norwood NNP B-NP
+Securities NNPS I-NP
+. . O
+
+The DT B-NP
+firm NN I-NP
+said VBD B-VP
+that IN B-SBAR
+losers NNS B-NP
+outnumbered VBD B-VP
+gainers NNS B-NP
+by IN B-PP
+more JJR B-NP
+than IN B-PP
+three CD B-NP
+to TO B-PP
+one CD B-NP
+among IN B-PP
+the DT B-NP
+122 CD I-NP
+funds NNS I-NP
+it PRP B-NP
+tracks VBZ B-VP
+. . O
+
+For IN B-PP
+the DT B-NP
+first JJ I-NP
+nine CD I-NP
+months NNS I-NP
+of IN B-PP
+the DT B-NP
+year NN I-NP
+, , O
+Norwood NNP B-NP
+said VBD B-VP
+the DT B-NP
+average JJ I-NP
+fund NN I-NP
+has VBZ B-VP
+lost VBN I-VP
+3.3 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+moved VBD B-VP
+aggressively RB B-ADVP
+to TO B-VP
+open VB I-VP
+the DT B-NP
+spigots NNS I-NP
+of IN B-PP
+federal JJ B-NP
+aid NN I-NP
+for IN B-PP
+victims NNS B-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+earthquake NN I-NP
+, , O
+but CC O
+its PRP$ B-NP
+reservoir NN I-NP
+of IN B-PP
+emergency NN B-NP
+funds NNS I-NP
+must MD B-VP
+be VB I-VP
+replenished VBN I-VP
+soon RB B-ADVP
+if IN B-SBAR
+the DT B-NP
+aid NN I-NP
+is VBZ B-VP
+to TO I-VP
+continue VB I-VP
+. . O
+
+President NNP B-NP
+Bush NNP I-NP
+signed VBD B-VP
+a DT B-NP
+disaster NN I-NP
+declaration NN I-NP
+covering VBG B-VP
+seven CD B-NP
+Northern NNP I-NP
+California NNP I-NP
+counties NNS I-NP
+. . O
+
+The DT B-NP
+declaration NN I-NP
+immediately RB B-ADVP
+made VBD B-VP
+the DT B-NP
+counties NNS I-NP
+eligible JJ B-ADJP
+for IN B-PP
+temporary JJ B-NP
+housing NN I-NP
+, , O
+grants NNS B-NP
+and CC O
+low-cost JJ B-NP
+loans NNS I-NP
+to TO B-VP
+cover VB I-VP
+uninsured JJ B-NP
+property NN I-NP
+losses NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+an DT B-NP
+unusually RB I-NP
+wide JJ I-NP
+array NN I-NP
+of IN B-PP
+federal JJ B-NP
+agencies NNS I-NP
+moved VBD B-VP
+to TO I-VP
+provide VB I-VP
+specialized JJ B-NP
+assistance NN I-NP
+. . O
+
+The DT B-NP
+Department NNP I-NP
+of IN B-PP
+Housing NNP B-NP
+and CC O
+Urban NNP B-NP
+Development NNP I-NP
+prepared VBD B-VP
+to TO I-VP
+make VB I-VP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+100 CD I-NP
+vacant JJ I-NP
+houses NNS I-NP
+available JJ B-ADJP
+for IN B-PP
+those DT B-NP
+left VBN B-VP
+homeless JJ B-ADJP
+, , O
+the DT B-NP
+Agriculture NNP I-NP
+Department NNP I-NP
+was VBD B-VP
+set VBN I-VP
+to TO I-VP
+divert VB I-VP
+food NN B-NP
+from IN B-PP
+the DT B-NP
+school-lunch NN I-NP
+program NN I-NP
+to TO B-PP
+earthquake NN B-NP
+victims NNS I-NP
+, , O
+and CC O
+the DT B-NP
+Pentagon NNP I-NP
+was VBD B-VP
+providing VBG I-VP
+everything NN B-NP
+from IN B-PP
+radio NN B-NP
+communications NNS I-NP
+to TO B-PP
+blood NN B-NP
+transfusions NNS I-NP
+to TO B-PP
+military JJ B-NP
+police NN I-NP
+for IN B-PP
+directing VBG B-VP
+traffic NN B-NP
+. . O
+
+But CC O
+the DT B-NP
+pool NN I-NP
+of IN B-PP
+federal JJ B-NP
+emergency-relief NN I-NP
+funds NNS I-NP
+already RB B-ADVP
+is VBZ B-VP
+running VBG I-VP
+low JJ B-ADJP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+heavy JJ I-NP
+costs NNS I-NP
+of IN B-PP
+cleaning NN B-VP
+up IN B-PRT
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+and CC O
+Congress NNP B-NP
+will MD B-VP
+be VB I-VP
+under IN B-PP
+pressure NN B-NP
+to TO B-VP
+allocate VB I-VP
+more JJR B-NP
+money NN I-NP
+quickly RB B-ADVP
+. . O
+
+In IN B-PP
+Hugo NNP B-NP
+'s POS B-NP
+wake NN I-NP
+, , O
+Congress NNP B-NP
+allocated VBD B-VP
+$ $ B-NP
+1.1 CD I-NP
+billion CD I-NP
+in IN B-PP
+relief NN B-NP
+funds NNS I-NP
+, , O
+and CC O
+White NNP B-NP
+House NNP I-NP
+spokesman NN I-NP
+Marlin NNP I-NP
+Fitzwater NNP I-NP
+said VBD B-VP
+$ $ B-NP
+273 CD I-NP
+million CD I-NP
+of IN B-PP
+that DT B-NP
+money NN I-NP
+remains VBZ B-VP
+and CC O
+could MD B-VP
+be VB I-VP
+diverted VBN I-VP
+for IN B-PP
+quick JJ B-NP
+expenditures NNS I-NP
+related VBN B-ADJP
+to TO B-PP
+the DT B-NP
+earthquake NN I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+though RB B-ADVP
+, , O
+enormous JJ B-NP
+costs NNS I-NP
+for IN B-PP
+earthquake NN B-NP
+relief NN I-NP
+will MD B-VP
+pile VB I-VP
+on IN B-PP
+top NN B-NP
+of IN B-PP
+outstanding JJ B-NP
+costs NNS I-NP
+for IN B-PP
+hurricane NN B-NP
+relief NN I-NP
+. . O
+
+`` `` O
+That DT B-NP
+obviously RB B-ADVP
+means VBZ B-VP
+that IN B-SBAR
+we PRP B-NP
+wo MD B-VP
+n't RB I-VP
+have VB I-VP
+enough RB B-NP
+for IN B-PP
+all DT B-NP
+of IN B-PP
+the DT B-NP
+emergencies NNS I-NP
+that WDT B-NP
+are VBP B-VP
+now RB I-VP
+facing VBG I-VP
+us PRP B-NP
+, , O
+and CC O
+we PRP B-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+consider VB I-VP
+appropriate JJ B-NP
+requests NNS I-NP
+for IN B-PP
+follow-on JJ B-NP
+funding NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Fitzwater NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+federal JJ I-NP
+government NN I-NP
+is VBZ B-VP
+n't RB I-VP
+even RB I-VP
+attempting VBG I-VP
+yet RB I-VP
+to TO I-VP
+estimate VB I-VP
+how WRB B-NP
+much JJ I-NP
+the DT B-NP
+earthquake NN I-NP
+will MD B-VP
+cost VB I-VP
+it PRP B-NP
+. . O
+
+But CC O
+Mr. NNP B-NP
+Fitzwater NNP I-NP
+said VBD B-VP
+, , O
+`` `` O
+There EX B-NP
+will MD B-VP
+be VB I-VP
+, , O
+I PRP B-NP
+think VBP B-VP
+quite RB B-ADVP
+obviously RB I-ADVP
+, , O
+a DT B-NP
+very RB I-NP
+large JJ I-NP
+amount NN I-NP
+of IN B-PP
+money NN B-NP
+required VBN B-VP
+from IN B-PP
+all DT B-NP
+levels NNS I-NP
+of IN B-PP
+government NN B-NP
+. . O
+'' '' O
+
+In IN B-PP
+Congress NNP B-NP
+, , O
+lawmakers NNS B-NP
+already RB B-ADVP
+are VBP B-VP
+looking VBG I-VP
+for IN B-PP
+ways NNS B-NP
+to TO B-VP
+add VB I-VP
+relief NN B-NP
+funds NNS I-NP
+. . O
+
+Money NNP B-NP
+could MD B-VP
+be VB I-VP
+added VBN I-VP
+to TO B-PP
+a DT B-NP
+pending VBG I-NP
+spending NN I-NP
+bill NN I-NP
+covering VBG B-VP
+the DT B-NP
+Federal NNP I-NP
+Emergency NNP I-NP
+Management NNP I-NP
+Agency NNP I-NP
+, , O
+which WDT B-NP
+coordinates VBZ B-VP
+federal JJ B-NP
+disaster NN I-NP
+relief NN I-NP
+. . O
+
+More RBR B-ADVP
+likely JJ I-ADVP
+, , O
+relief NN B-NP
+funds NNS I-NP
+could MD B-VP
+be VB I-VP
+added VBN I-VP
+to TO B-PP
+an DT B-NP
+omnibus JJ I-NP
+spending NN I-NP
+bill NN I-NP
+that IN B-NP
+Congress NNP B-NP
+is VBZ B-VP
+to TO I-VP
+begin VB I-VP
+considering VBG I-VP
+next JJ B-NP
+week NN I-NP
+. . O
+
+But CC O
+it PRP B-NP
+is VBZ B-VP
+n't RB O
+just RB O
+Washington NNP B-NP
+'s POS B-NP
+relief NN I-NP
+dollars NNS I-NP
+that WDT B-NP
+are VBP B-VP
+spread NN I-VP
+thin JJ B-ADVP
+; : O
+its PRP$ B-NP
+relief NN I-NP
+manpower NN I-NP
+also RB B-ADVP
+is VBZ B-VP
+stretched VBN I-VP
+. . O
+
+FEMA NNP B-NP
+still RB B-ADVP
+has VBZ B-VP
+special JJ B-NP
+disaster NN I-NP
+centers NNS I-NP
+open JJ B-ADJP
+to TO B-VP
+handle VB I-VP
+the DT B-NP
+aftermath NN I-NP
+of IN B-PP
+Hugo NNP B-NP
+, , O
+and CC O
+spokesman NN B-NP
+Russell NNP I-NP
+Clanahan NNP I-NP
+acknowledged VBD B-VP
+that IN B-SBAR
+`` `` O
+we PRP B-NP
+'re VBP B-VP
+pretty RB B-ADJP
+thin JJ I-ADJP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Clanahan NNP I-NP
+says VBZ B-VP
+FEMA NNP B-NP
+now RB B-ADVP
+possibly RB B-ADVP
+may MD B-VP
+have VB I-VP
+the DT B-NP
+heaviest JJS I-NP
+caseload NN I-NP
+in IN B-PP
+its PRP$ B-NP
+history NN I-NP
+. . O
+
+To TO B-VP
+further VB I-VP
+complicate VB I-VP
+relief NN B-NP
+efforts NNS I-NP
+, , O
+the DT B-NP
+privately RB I-NP
+funded VBN I-NP
+American NNP I-NP
+Red NNP I-NP
+Cross NNP I-NP
+also RB B-ADVP
+finds VBZ B-VP
+itself PRP B-NP
+strapped VBD B-ADJP
+for IN B-PP
+funds NNS B-NP
+after IN B-PP
+its PRP$ B-NP
+big JJ I-NP
+Hugo NNP I-NP
+operation NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+been VBN I-VP
+a DT B-NP
+bad JJ I-NP
+month NN I-NP
+money-wise JJ B-ADVP
+and CC B-ADVP
+every DT B-NP
+other JJ I-NP
+way NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Sally NNP B-NP
+Stewart NNP I-NP
+, , O
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+the DT B-NP
+Red NNP I-NP
+Cross NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+just RB B-ADVP
+makes VBZ B-VP
+it PRP B-NP
+a DT B-NP
+little JJ I-NP
+rough JJ B-ADJP
+when WRB B-ADVP
+you PRP B-NP
+have VBP B-VP
+to TO I-VP
+worry VB I-VP
+about IN B-PP
+the DT B-NP
+budget NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+Red NNP I-NP
+Cross NNP I-NP
+has VBZ B-VP
+opened VBN I-VP
+30 CD B-NP
+shelters NNS I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+, , O
+serving VBG B-VP
+5,000 CD B-NP
+people NNS I-NP
+. . O
+
+Twenty-five CD B-NP
+trucks NNS I-NP
+capable JJ B-ADJP
+of IN B-PP
+cooking NN B-VP
+food NN B-NP
+were VBD B-VP
+dispatched VBN I-VP
+from IN B-PP
+other JJ B-NP
+states NNS I-NP
+. . O
+
+All DT B-NP
+the DT I-NP
+precise JJ I-NP
+types NNS I-NP
+of IN B-PP
+federal JJ B-NP
+aid NN I-NP
+that WDT B-NP
+will MD B-VP
+be VB I-VP
+sent VBN I-VP
+to TO B-PP
+California NNP B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+determined VBN I-VP
+until IN B-SBAR
+state NN B-NP
+officials NNS I-NP
+make VBP B-VP
+specific JJ B-NP
+requests NNS I-NP
+to TO B-PP
+FEMA NNP B-NP
+, , O
+agency NN B-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+And CC O
+in IN B-PP
+the DT B-NP
+confusion NN I-NP
+after IN B-PP
+the DT B-NP
+earthquake NN I-NP
+, , O
+`` `` O
+the DT B-NP
+information NN I-NP
+flow NN I-NP
+is VBZ B-VP
+a DT B-NP
+little JJ I-NP
+slow JJ B-ADJP
+coming NN B-VP
+in IN B-ADVP
+from IN B-PP
+the DT B-NP
+affected VBN I-NP
+area NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Carl NNP B-NP
+Suchocki NNP I-NP
+, , O
+a DT B-NP
+FEMA NNP I-NP
+spokesman NN I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+some DT B-NP
+aid NN I-NP
+is VBZ B-VP
+moving VBG I-VP
+westward RB B-ADVP
+from IN B-PP
+Washington NNP B-NP
+almost RB B-ADVP
+immediately RB I-ADVP
+. . O
+
+HUD NNP B-NP
+officials NNS I-NP
+said VBD B-VP
+they PRP B-NP
+will MD B-VP
+make VB I-VP
+available JJ B-ADJP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+100 CD I-NP
+Bay NNP I-NP
+area NN I-NP
+houses NNS I-NP
+that WDT B-NP
+are VBP B-VP
+under IN B-PP
+HUD NNP B-NP
+loans NNS I-NP
+but CC O
+now RB B-VP
+are VBP I-VP
+vacant JJ B-ADJP
+after IN B-SBAR
+the DT B-NP
+houses NNS I-NP
+have VBP B-VP
+been VBN I-VP
+inspected VBN I-VP
+to TO B-VP
+ensure VB I-VP
+they PRP B-NP
+are VBP B-VP
+sound NN B-ADJP
+. . O
+
+Additional JJ B-NP
+housing NN I-NP
+vouchers NNS I-NP
+and CC I-NP
+certificates NNS I-NP
+will MD B-VP
+be VB I-VP
+made VBN I-VP
+available JJ B-ADJP
+, , O
+officials NNS B-NP
+said VBD B-VP
+, , O
+and CC O
+some DT B-NP
+housing NN I-NP
+and CC I-NP
+community-development NN I-NP
+funds NNS I-NP
+may MD B-VP
+be VB I-VP
+shifted VBN I-VP
+from IN B-PP
+other JJ B-NP
+programs NNS I-NP
+or CC O
+made VBN B-VP
+available JJ B-ADJP
+for IN B-PP
+emergency NN B-NP
+use NN I-NP
+. . O
+
+Another DT B-NP
+federal JJ I-NP
+agency NN I-NP
+not RB B-VP
+normally RB I-VP
+associated VBN I-VP
+with IN B-PP
+disaster NN B-NP
+relief NN I-NP
+-- : O
+the DT B-NP
+Internal NNP I-NP
+Revenue NNP I-NP
+Service NNP I-NP
+-- : O
+moved VBD B-VP
+quickly RB B-ADVP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+The DT B-NP
+IRS NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+waive VB I-VP
+certain JJ B-NP
+tax NN I-NP
+penalties NNS I-NP
+for IN B-PP
+earthquake NN B-NP
+victims NNS I-NP
+unable JJ B-ADJP
+to TO B-VP
+meet VB I-VP
+return NN B-NP
+deadlines NNS I-NP
+or CC O
+make VB B-VP
+payments NNS B-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+quake NN I-NP
+'s POS B-NP
+devastation NN I-NP
+. . O
+
+The DT B-NP
+agency NN I-NP
+plans NNS B-VP
+to TO I-VP
+announce VB I-VP
+specific JJ B-NP
+relief NN I-NP
+procedures NNS I-NP
+in IN B-PP
+the DT B-NP
+coming VBG I-NP
+days NNS I-NP
+. . O
+
+And CC O
+the DT B-NP
+Treasury NNP I-NP
+said VBD B-VP
+residents NNS B-NP
+of IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+will MD B-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+cash VB I-VP
+in IN B-PRT
+savings NNS B-NP
+bonds NNS I-NP
+even RB B-SBAR
+if IN I-SBAR
+they PRP B-NP
+have VBP B-VP
+n't RB I-VP
+held VBN I-VP
+them PRP B-NP
+for IN B-PP
+the DT B-NP
+minimum JJ I-NP
+six-month JJ I-NP
+period NN I-NP
+. . O
+
+One CD B-NP
+advantage NN I-NP
+that IN B-NP
+federal JJ B-NP
+officials NNS I-NP
+have VBP B-VP
+in IN B-PP
+handling NN B-VP
+earthquake NN B-NP
+relief NN I-NP
+is VBZ B-VP
+the DT B-NP
+large JJ I-NP
+number NN I-NP
+of IN B-PP
+military JJ B-NP
+facilities NNS I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+, , O
+facilities NNS B-NP
+that WDT B-NP
+provide VBP B-VP
+a DT B-NP
+ready JJ I-NP
+base NN I-NP
+of IN B-PP
+supplies NNS B-NP
+and CC I-NP
+workers NNS I-NP
+. . O
+
+Even RB B-SBAR
+before IN I-SBAR
+the DT B-NP
+full JJ I-NP
+extent NN I-NP
+of IN B-PP
+the DT B-NP
+devastation NN I-NP
+was VBD B-VP
+known VBN I-VP
+, , O
+Defense NNP B-NP
+Secretary NNP I-NP
+Dick NNP I-NP
+Cheney NNP I-NP
+ordered VBD B-VP
+the DT B-NP
+military JJ I-NP
+services NNS I-NP
+to TO B-VP
+set VB I-VP
+up IN B-PRT
+an DT B-NP
+emergency NN I-NP
+command NN I-NP
+center NN I-NP
+in IN B-PP
+the DT B-NP
+Pentagon NNP I-NP
+and CC O
+prepare VB B-VP
+to TO I-VP
+respond VB I-VP
+to TO B-PP
+various JJ B-NP
+FEMA NNP I-NP
+requests NNS I-NP
+for IN B-PP
+assistance NN B-NP
+. . O
+
+By IN B-PP
+yesterday NN B-NP
+afternoon NN I-NP
+, , O
+Air NNP B-NP
+Force NNP I-NP
+transport NN I-NP
+planes NNS I-NP
+began VBD B-VP
+moving VBG I-VP
+additional JJ B-NP
+rescue NN I-NP
+and CC I-NP
+medical JJ I-NP
+supplies NNS I-NP
+, , I-NP
+physicians NNS I-NP
+, , I-NP
+communications NNS I-NP
+equipment NN I-NP
+and CC I-NP
+FEMA NNP I-NP
+personnel NNS I-NP
+to TO B-PP
+California NNP B-NP
+. . O
+
+A DT B-NP
+military JJ I-NP
+jet NN I-NP
+flew VBD B-VP
+a DT B-NP
+congressional JJ I-NP
+delegation NN I-NP
+and CC O
+senior JJ B-NP
+Bush NNP I-NP
+administration NN I-NP
+officials NNS I-NP
+to TO B-VP
+survey VB I-VP
+the DT B-NP
+damage NN I-NP
+. . O
+
+And CC O
+the DT B-NP
+Pentagon NNP I-NP
+said VBD B-VP
+dozens NNS B-NP
+of IN B-PP
+additional JJ B-NP
+crews NNS I-NP
+and CC I-NP
+transport NN I-NP
+aircraft NN I-NP
+were VBD B-VP
+on IN B-PP
+alert JJ B-ADJP
+`` `` O
+awaiting VBG B-VP
+orders NNS B-NP
+to TO B-VP
+move VB I-VP
+emergency NN B-NP
+supplies NNS I-NP
+. . O
+'' '' O
+
+Two CD B-NP
+Air NNP I-NP
+Force NNP I-NP
+facilities NNS I-NP
+near IN B-PP
+Sacramento NNP B-NP
+, , O
+and CC O
+Travis NNP B-NP
+Air NNP I-NP
+Force NNP I-NP
+Base NNP I-NP
+, , O
+50 CD B-NP
+miles NNS I-NP
+northeast NN B-ADVP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+were VBD B-VP
+designated VBN I-VP
+to TO B-VP
+serve VB I-VP
+as IN B-PP
+medical-airlift NN B-NP
+centers NNS I-NP
+. . O
+
+Some DT B-NP
+victims NNS I-NP
+also RB B-ADVP
+were VBD B-VP
+treated VBN I-VP
+at IN B-PP
+the DT B-NP
+Letterman NNP I-NP
+Army NNP I-NP
+Medical NNP I-NP
+Center NNP I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+and CC B-PP
+at IN B-PP
+the DT B-NP
+Naval NNP I-NP
+Hospital NNP I-NP
+in IN B-PP
+Oakland NNP B-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+20 CD B-NP
+military JJ I-NP
+police NN I-NP
+from IN B-PP
+the DT B-NP
+Presidio NNP I-NP
+, , O
+a DT B-NP
+military JJ I-NP
+base NN I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+are VBP B-VP
+assisting VBG I-VP
+with IN B-PP
+traffic NN B-NP
+control NN I-NP
+, , O
+and CC O
+a DT B-NP
+Navy NNP I-NP
+ship NN I-NP
+was VBD B-VP
+moved VBN I-VP
+from IN B-PP
+a DT B-NP
+naval JJ I-NP
+station NN I-NP
+at IN B-PP
+Treasure NNP B-NP
+Island NNP I-NP
+near IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+to TO B-PP
+San NNP B-NP
+Francisco NNP I-NP
+to TO B-VP
+help VB I-VP
+fight VB I-VP
+fires NNS B-NP
+. . O
+
+To TO B-VP
+help VB I-VP
+residents NNS B-NP
+in IN B-PP
+Northern NNP B-NP
+California NNP I-NP
+rebuild VB B-VP
+, , O
+FEMA NNP B-NP
+intends VBZ B-VP
+to TO I-VP
+set VB I-VP
+up IN B-PRT
+17 CD B-NP
+disaster NN I-NP
+assistance NN I-NP
+offices NNS I-NP
+in IN B-PP
+the DT B-NP
+earthquake NN I-NP
+area NN I-NP
+in IN B-PP
+the DT B-NP
+next JJ I-NP
+several JJ I-NP
+days NNS I-NP
+and CC O
+to TO B-VP
+staff VB I-VP
+them PRP B-NP
+with IN B-PP
+400 CD B-NP
+to TO I-NP
+500 CD I-NP
+workers NNS I-NP
+from IN B-PP
+various JJ B-NP
+agencies NNS I-NP
+, , O
+said VBD B-VP
+Robert NNP B-NP
+Volland NNP I-NP
+, , O
+chief NN B-NP
+of IN B-PP
+the DT B-NP
+agency NN I-NP
+'s POS B-NP
+individual JJ I-NP
+assistance NN I-NP
+division NN I-NP
+. . O
+
+At IN B-PP
+these DT B-NP
+offices NNS I-NP
+, , O
+earthquake NN B-NP
+victims NNS I-NP
+will MD B-VP
+be VB I-VP
+helped VBN I-VP
+in IN B-PP
+filling VBG B-VP
+out RP B-PRT
+a DT B-NP
+one-page JJ I-NP
+form NN I-NP
+that IN B-NP
+they PRP B-NP
+will MD B-VP
+need VB I-VP
+to TO B-VP
+qualify VB I-VP
+for IN B-PP
+such JJ B-NP
+federal JJ I-NP
+assistance NN I-NP
+as IN B-PP
+home-improvement NN B-NP
+loans NNS I-NP
+and CC O
+to TO B-VP
+repair VB I-VP
+houses NNS B-NP
+. . O
+
+And CC O
+federal JJ B-NP
+officials NNS I-NP
+are VBP B-VP
+promising JJ I-VP
+to TO I-VP
+move VB I-VP
+rapidly RB B-ADVP
+with IN B-PP
+federal JJ B-NP
+highway NN I-NP
+aid NN I-NP
+to TO B-VP
+rebuild VB I-VP
+the DT B-NP
+area NN I-NP
+'s POS B-NP
+severely RB B-ADJP
+damaged VBN I-ADJP
+road NN B-NP
+system NN I-NP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Highway NNP I-NP
+Administration NNP I-NP
+has VBZ B-VP
+an DT B-NP
+emergency NN I-NP
+relief NN I-NP
+program NN I-NP
+to TO B-VP
+help VB I-VP
+states NNS B-NP
+and CC O
+local JJ B-NP
+governments NNS I-NP
+repair VBP B-VP
+federally RB B-NP
+funded VBN I-NP
+highways NNS I-NP
+and CC I-NP
+bridges NNS I-NP
+seriously RB B-VP
+damaged VBN I-VP
+by IN B-PP
+natural JJ B-NP
+disasters NNS I-NP
+. . O
+
+The DT B-NP
+account NN I-NP
+currently RB B-ADVP
+has VBZ B-VP
+$ $ B-NP
+220 CD I-NP
+million CD I-NP
+. . O
+
+And CC O
+though IN B-SBAR
+federal JJ B-NP
+law NN I-NP
+dictates NNS B-VP
+that IN B-SBAR
+only RB B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+can MD B-VP
+be VB I-VP
+disbursed VBN I-VP
+from IN B-PP
+that DT B-NP
+fund NN I-NP
+in IN B-PP
+any DT B-NP
+one CD I-NP
+state NN I-NP
+per IN B-PP
+disaster NN B-NP
+, , O
+administration NN B-NP
+officials NNS I-NP
+expect VBP B-VP
+Congress NNP B-NP
+to TO B-VP
+move VB I-VP
+in IN B-ADVP
+to TO B-VP
+authorize VB I-VP
+spending NN I-VP
+more RBR B-NP
+now RB B-ADVP
+in IN B-PP
+California NNP B-NP
+. . O
+
+To TO B-VP
+get VB I-VP
+that DT B-NP
+money NN I-NP
+, , O
+states NNS B-NP
+must MD B-VP
+go VB I-VP
+through IN B-PP
+an DT B-NP
+elaborate JJ I-NP
+approval NN I-NP
+process NN I-NP
+, , O
+but CC O
+officials NNS B-NP
+expect VBP B-VP
+red JJ B-NP
+tape NN I-NP
+to TO B-VP
+be VB I-VP
+cut VBN I-VP
+this DT B-NP
+time NN I-NP
+. . O
+
+Keith NNP B-NP
+Mulrooney NNP I-NP
+, , O
+special JJ B-NP
+assistant NN I-NP
+to TO B-PP
+Federal NNP B-NP
+Highway NNP I-NP
+Administrator NNP I-NP
+Thomas NNP I-NP
+Larson NNP I-NP
+, , O
+also RB B-ADVP
+said VBD B-VP
+that IN B-SBAR
+after IN B-PP
+the DT B-NP
+1971 CD I-NP
+San NNP I-NP
+Fernando NNP I-NP
+earthquake NN I-NP
+in IN B-PP
+Southern NNP B-NP
+California NNP I-NP
+, , O
+the DT B-NP
+state NN I-NP
+set VBN B-VP
+tougher JJR B-NP
+standards NNS I-NP
+for IN B-PP
+bridges NNS B-NP
+, , O
+and CC O
+with IN B-PP
+federal JJ B-NP
+aid NN I-NP
+, , B-VP
+began VBD I-VP
+a DT B-NP
+program NN I-NP
+to TO B-VP
+retrofit VB I-VP
+highways NNS B-NP
+and CC I-NP
+bridges NNS I-NP
+for IN B-PP
+earthquake NN B-NP
+hazards NNS I-NP
+. . O
+
+The DT B-NP
+first JJ I-NP
+phase NN I-NP
+of IN B-PP
+the DT B-NP
+program NN I-NP
+has VBZ B-VP
+been VBN I-VP
+completed VBN I-VP
+, , O
+but CC O
+two CD B-NP
+other JJ I-NP
+phases NNS I-NP
+are VBP B-VP
+continuing VBG I-VP
+. . O
+
+The DT B-NP
+two CD I-NP
+major JJ I-NP
+structures NNS I-NP
+that WDT B-NP
+failed VBD B-VP
+Tuesday NNP B-NP
+night NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+were VBD B-VP
+both DT O
+built VBN B-VP
+well RB B-ADVP
+before IN B-PP
+the DT B-NP
+1971 CD I-NP
+earthquake NN I-NP
+-- : O
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+, , O
+completed VBN B-VP
+in IN B-PP
+the DT B-NP
+1930s CD I-NP
+, , O
+and CC O
+the DT B-NP
+section NN I-NP
+of IN B-PP
+I-880 NN B-NP
+, , O
+built VBN B-VP
+in IN B-PP
+the DT B-NP
+1950s CD I-NP
+. . O
+
+The DT B-NP
+I-880 NN I-NP
+section NN I-NP
+had VBD B-VP
+completed VBN I-VP
+the DT B-NP
+first JJ I-NP
+phase NN I-NP
+of IN B-PP
+the DT B-NP
+retrofitting NN I-NP
+. . O
+
+Laurie NNP B-NP
+McGinley NNP I-NP
+contributed VBD B-VP
+to TO B-PP
+this DT B-NP
+article NN I-NP
+. . O
+
+FARMERS NNS B-NP
+REAP VBP B-VP
+abundant JJ B-NP
+crops NNS I-NP
+. . O
+
+But CC O
+how WRB B-ADVP
+much JJ I-ADVP
+will MD O
+shoppers NNS B-NP
+benefit VB B-VP
+? . O
+
+The DT B-NP
+harvest NN I-NP
+arrives VBZ B-VP
+in IN B-PP
+plenty NN B-NP
+after IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+drought-ravaged JJ I-NP
+effort NN I-NP
+: : O
+The DT B-NP
+government NN I-NP
+estimates NNS B-VP
+corn NN B-NP
+output NN I-NP
+at IN B-PP
+7.45 CD B-NP
+billion CD I-NP
+bushels NNS I-NP
+, , O
+up IN B-ADVP
+51 CD B-NP
+% NN I-NP
+from IN B-PP
+last JJ B-NP
+fall NN I-NP
+. . O
+
+Soybean NN B-NP
+production NN I-NP
+swells NNS B-VP
+24 CD B-NP
+% NN I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+prices NNS B-NP
+paid VBN B-VP
+to TO B-PP
+farmers NNS B-NP
+for IN B-PP
+the DT B-NP
+commodities NNS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+used VBN I-VP
+in IN B-PP
+products NNS B-NP
+as RB B-ADJP
+diverse JJ I-ADJP
+as IN B-PP
+bubble NN B-NP
+gum NN I-NP
+and CC O
+chicken NN B-NP
+feed NN I-NP
+, , O
+plummet VB B-VP
+20 CD B-NP
+% NN I-NP
+to TO O
+33 CD B-NP
+% NN I-NP
+. . O
+
+But CC O
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+too RB B-NP
+much JJ I-NP
+in IN B-PP
+the DT B-NP
+way NN I-NP
+of IN B-PP
+price NN B-NP
+breaks NNS I-NP
+soon RB B-ADVP
+at IN B-PP
+the DT B-NP
+supermarket NN I-NP
+. . O
+
+Economists NNS B-NP
+expect VBP B-VP
+consumer NN B-NP
+food NN I-NP
+prices NNS I-NP
+to TO B-VP
+jump VB I-VP
+5.5 CD B-NP
+% NN I-NP
+this DT B-NP
+year NN I-NP
+to TO B-PP
+the DT B-NP
+highest JJS I-NP
+level NN I-NP
+since IN B-PP
+1980 CD B-NP
+and CC O
+up IN B-ADVP
+from IN B-PP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+4.1 CD B-ADJP
+% NN I-ADJP
+rise NN B-NP
+. . O
+
+Next JJ B-NP
+year NN I-NP
+may MD B-VP
+see VB I-VP
+a DT B-NP
+drop NN I-NP
+of IN B-PP
+one CD B-NP
+percentage NN I-NP
+point NN I-NP
+. . O
+
+Beef NN B-NP
+prices NNS I-NP
+, , O
+hovering VBG B-VP
+near IN B-PP
+records NNS B-NP
+since IN B-PP
+the DT B-NP
+drought NN I-NP
+, , O
+could MD B-VP
+drop VB I-VP
+in IN B-PP
+earnest NN B-ADJP
+this DT B-NP
+winter NN I-NP
+if IN B-SBAR
+ranchers NNS B-NP
+expand VBP B-VP
+herds NNS B-NP
+. . O
+
+Lower JJR B-NP
+feed NN I-NP
+prices NNS I-NP
+may MD B-VP
+help VB I-VP
+animals NNS B-NP
+eat VB B-VP
+more RBR B-ADVP
+cheaply RB I-ADVP
+, , O
+but CC O
+humans NNS B-NP
+have VBP B-VP
+to TO I-VP
+factor VB I-VP
+in IN B-PRT
+an DT B-NP
+expensive JJ I-NP
+middleman NN I-NP
+: : O
+the DT B-NP
+processor NN I-NP
+. . O
+
+Food NN B-NP
+companies NNS I-NP
+probably RB B-ADVP
+wo MD B-VP
+n't RB I-VP
+cut VB I-VP
+their PRP$ B-NP
+prices NNS I-NP
+much JJ B-NP
+, , O
+blaming VBG B-VP
+other JJ B-NP
+costs NNS I-NP
+. . O
+
+`` `` O
+Labor NNP B-NP
+takes VBZ B-VP
+the DT B-NP
+biggest JJS I-NP
+single JJ I-NP
+chunk NN I-NP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+` `` I-NP
+food NN I-NP
+dollar NN I-NP
+, , O
+' '' O
+'' '' O
+says VBZ B-VP
+Frank NNP B-NP
+Pankyo NNP I-NP
+of IN B-PP
+the DT B-NP
+Food NNP I-NP
+Institute NNP I-NP
+. . O
+
+Stokely NNP B-NP
+says VBZ B-VP
+stores NNS B-NP
+revive VBP B-VP
+specials NNS B-NP
+like IN B-PP
+three CD B-NP
+cans NNS I-NP
+of IN B-PP
+peas NNS B-NP
+for IN B-PP
+99 CD B-NP
+cents NNS I-NP
+. . O
+
+Two CD B-NP
+cans NNS I-NP
+cost VBP B-VP
+89 CD B-NP
+cents NNS I-NP
+during IN B-PP
+the DT B-NP
+drought NN I-NP
+. . O
+
+IF IN B-SBAR
+IN IN B-NP
+VITRO NNP I-NP
+fertilization NN I-NP
+works NNS B-VP
+, , O
+it PRP B-NP
+usually RB B-ADVP
+does VBZ B-VP
+so RB B-ADVP
+after IN B-PP
+only RB B-NP
+a DT I-NP
+few JJ I-NP
+tries NNS I-NP
+. . O
+
+Costly JJ B-NP
+infertility NN I-NP
+problems NNS I-NP
+and CC I-NP
+procedures NNS I-NP
+proliferate VBP B-VP
+as IN B-SBAR
+aging VBG B-NP
+baby NN I-NP
+boomers NNS I-NP
+and CC O
+others NNS B-NP
+decide VBP B-VP
+to TO I-VP
+have VB I-VP
+children NNS B-NP
+-- : O
+now RB B-ADVP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+estimated VBN I-VP
+that IN B-SBAR
+one CD B-NP
+in IN I-NP
+six CD I-NP
+couples NNS I-NP
+experiences NNS B-VP
+infertility NN B-NP
+, , O
+and CC O
+in IN B-PP
+1987 CD B-NP
+, , O
+Americans NNPS B-NP
+spent VBD B-VP
+about RB B-NP
+$ $ I-NP
+1 CD I-NP
+billion CD I-NP
+to TO B-VP
+fight VB I-VP
+the DT B-NP
+problem NN I-NP
+. . O
+
+Only RB B-NP
+about IN I-NP
+five CD I-NP
+states NNS I-NP
+now JJ B-ADVP
+offer NN B-VP
+some DT B-NP
+form NN I-NP
+of IN B-PP
+insurance NN B-NP
+coverage NN I-NP
+, , O
+but CC O
+more RBR B-NP
+are VBP B-VP
+expected VBN I-VP
+. . O
+
+A DT B-NP
+letter NN I-NP
+in IN B-PP
+the DT B-NP
+New NNP I-NP
+England NNP I-NP
+Journal NNP I-NP
+of IN B-PP
+Medicine NNP B-NP
+notes NNS B-VP
+that IN B-SBAR
+while IN B-SBAR
+technology NN B-NP
+offers VBZ B-VP
+`` `` O
+almost RB B-NP
+endless JJ I-NP
+hope NN I-NP
+... : O
+when WRB B-ADVP
+to TO B-VP
+stop VB I-VP
+has VBZ B-VP
+become VBN I-VP
+a DT B-NP
+difficult JJ I-NP
+question NN I-NP
+... : O
+. . O
+'' '' O
+
+The DT B-NP
+authors NNS I-NP
+, , O
+from IN B-PP
+Boston NNP B-NP
+'s POS B-NP
+Beth NNP I-NP
+Israel NNP I-NP
+Hospital NNP I-NP
+, , O
+say VBP B-VP
+that IN B-SBAR
+84 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+50 CD I-NP
+births NNS I-NP
+they PRP B-NP
+followed VBD B-VP
+occurred VBN B-VP
+after IN B-PP
+only RB B-NP
+two CD I-NP
+in IN I-NP
+vitro FW I-NP
+cycles NNS I-NP
+. . O
+
+It PRP B-NP
+adds VBZ B-VP
+that IN B-SBAR
+births NNS B-NP
+were VBD B-VP
+`` `` O
+extremely RB B-ADJP
+unlikely JJ I-ADJP
+'' '' O
+after IN B-PP
+the DT B-NP
+fourth JJ I-NP
+cycle NN I-NP
+and CC O
+concludes VBZ B-VP
+couples NNS B-NP
+who WP B-NP
+do VBP B-VP
+n't RB I-VP
+achieve VB I-VP
+a DT B-NP
+pregnancy NN I-NP
+after IN B-PP
+four CD B-NP
+to TO I-NP
+six CD I-NP
+procedures NNS I-NP
+should MD B-VP
+be VB I-VP
+advised VBN I-VP
+that DT O
+success NN B-NP
+is VBZ B-VP
+unlikely JJ B-ADJP
+. . O
+
+Some DT B-NP
+couples NNS I-NP
+continue VBP B-VP
+to TO I-VP
+try VB I-VP
+. . O
+
+`` `` O
+Such JJ B-NP
+determination NN I-NP
+may MD B-VP
+translate VB I-VP
+into IN B-PP
+extreme JJ B-NP
+physical NN I-NP
+, , I-NP
+emotional JJ I-NP
+and CC I-NP
+financial JJ I-NP
+costs NNS I-NP
+, , O
+'' '' O
+the DT B-NP
+letter NN I-NP
+warns VBZ B-VP
+. . O
+
+MARKET NNP B-NP
+MOVES VBZ B-VP
+, , O
+these DT B-NP
+managers NNS I-NP
+do VBP B-VP
+n't RB O
+. . O
+
+Only RB B-NP
+three CD I-NP
+of IN B-PP
+the DT B-NP
+25 CD I-NP
+corporate JJ I-NP
+pension NN I-NP
+fund NN I-NP
+managers NNS I-NP
+attending VBG B-VP
+a DT B-NP
+Lowry NNP I-NP
+Consulting NNP I-NP
+Group NNP I-NP
+client NN I-NP
+conference NN I-NP
+say VBP B-VP
+they PRP B-NP
+plan VBP B-VP
+to TO I-VP
+change VB I-VP
+the DT B-NP
+asset NN I-NP
+allocation NN I-NP
+mix NN I-NP
+in IN B-PP
+their PRP$ B-NP
+portfolios NNS I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+market NN I-NP
+drop NN I-NP
+. . O
+
+WORLD NN B-NP
+ODDITIES NNS I-NP
+come VBP B-VP
+alive JJ B-ADJP
+in IN B-PP
+a DT B-NP
+multimedia NNS I-NP
+version NN I-NP
+of IN B-PP
+the DT B-NP
+Guinness NNP I-NP
+Book NNP I-NP
+of IN B-PP
+Records NNPS B-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+99 CD I-NP
+CD-ROM NNP I-NP
+disk NN I-NP
+-LRB- ( O
+it PRP B-NP
+can MD B-VP
+only RB I-VP
+be VB I-VP
+played VBN I-VP
+on IN B-PP
+an DT B-NP
+Apple NNP I-NP
+Macintosh NNP I-NP
+computer NN I-NP
+at IN B-PP
+the DT B-NP
+moment NN I-NP
+-RRB- ) O
+combines VBZ B-VP
+animation NN B-NP
+, , I-NP
+music NN I-NP
+and CC I-NP
+sound NN I-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+Guinness NNP I-NP
+disk NN I-NP
+'s POS B-NP
+wonders NNS I-NP
+: : O
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+loudest RBS I-NP
+recorded VBN I-NP
+belch NN I-NP
+. . O
+
+ARTY NNP B-NP
+FAX NNP I-NP
+from IN B-PP
+David NNP B-NP
+Hockney NNP I-NP
+begins VBZ B-VP
+a DT B-NP
+tongue-in-cheek JJ I-NP
+exhibit NN I-NP
+today NN B-NP
+at IN B-PP
+New NNP B-NP
+York NNP I-NP
+'s POS B-NP
+Andre NNP I-NP
+Emmerich NNP I-NP
+Gallery NNP I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+artist NN I-NP
+'s POS B-NP
+earliest JJS I-NP
+Fax NNP I-NP
+works NNS I-NP
+was VBD B-VP
+`` `` O
+Little NNP B-NP
+Stanley NNP I-NP
+Sleeping NNP B-VP
+, , O
+'' '' O
+a DT B-NP
+portrait NN I-NP
+of IN B-PP
+his PRP$ B-NP
+dog NN I-NP
+. . O
+
+PACS NNS B-NP
+GIVE VBP B-VP
+and CC I-VP
+receive VB I-VP
+in IN B-PP
+a DT B-NP
+debatable JJ I-NP
+duet NN I-NP
+with IN B-PP
+employees NNS B-NP
+' POS B-NP
+favored VBN I-NP
+charities NNS I-NP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Election NNP I-NP
+Commission NNP I-NP
+clears VBZ B-VP
+corporate JJ B-NP
+plans NNS I-NP
+to TO B-VP
+donate VB I-VP
+to TO B-PP
+an DT B-NP
+employee NN I-NP
+'s POS B-NP
+chosen VBN I-NP
+charity NN I-NP
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+the DT B-NP
+worker NN I-NP
+'s POS B-NP
+gift NN I-NP
+to TO B-PP
+the DT B-NP
+company NN I-NP
+political JJ I-NP
+action NN I-NP
+committee NN I-NP
+. . O
+
+Latest JJS B-NP
+approvals NNS I-NP
+: : O
+Bell NNP B-NP
+Atlantic NNP I-NP
+'s POS B-NP
+New NNP I-NP
+Jersey NNP I-NP
+Bell NNP I-NP
+and CC O
+General NNP B-NP
+Dynamics NNP I-NP
+. . O
+
+Companies NNS B-NP
+get VBP B-VP
+more RBR B-NP
+political JJ I-NP
+clout NN I-NP
+plus CC B-NP
+a DT B-NP
+possible JJ I-NP
+tax-deductible JJ I-NP
+charitable JJ I-NP
+donation NN I-NP
+-- : O
+so RB B-ADVP
+far RB I-ADVP
+no DT B-NP
+word NN I-NP
+from IN B-PP
+the DT B-NP
+IRS NNP I-NP
+on IN B-PP
+deductibility NN B-NP
+. . O
+
+Detroit NNP B-NP
+Edison NNP I-NP
+, , O
+the DT B-NP
+plan NN I-NP
+pioneer NN I-NP
+, , O
+generated VBD B-VP
+$ $ B-NP
+54,000 CD I-NP
+in IN B-PP
+matching VBG B-NP
+funds VBZ I-NP
+this DT B-NP
+year NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+$ $ B-NP
+39,000 CD I-NP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+But CC O
+the DT B-NP
+utility NN I-NP
+may MD B-VP
+not RB I-VP
+continue VB I-VP
+next JJ B-NP
+year NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+on IN B-PP
+a DT B-NP
+tight JJ I-NP
+budget NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Detroit NNP B-NP
+Edison NNP I-NP
+'s POS B-NP
+Carol NNP I-NP
+Roskind NNP I-NP
+. . O
+
+Two CD B-NP
+election NN I-NP
+commission NN I-NP
+members NNS I-NP
+opposed VBD B-VP
+the DT B-NP
+matching VBG I-NP
+plans NNS I-NP
+. . O
+
+Scott NNP B-NP
+E. NNP I-NP
+Thomas NNP I-NP
+says VBZ B-VP
+the DT B-NP
+plans NNS I-NP
+give VBP B-VP
+employees NNS B-NP
+`` `` O
+a DT B-NP
+bonus NN I-NP
+in IN B-PP
+the DT B-NP
+form NN I-NP
+of IN B-PP
+charitable JJ B-NP
+donations NNS I-NP
+made VBN B-VP
+from IN B-PP
+an DT B-NP
+employer NN I-NP
+'s POS B-NP
+treasury NN I-NP
+'' '' O
+in IN B-PP
+exchange NN B-NP
+for IN B-PP
+the DT B-NP
+political JJ I-NP
+donation NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+U.S. NNP I-NP
+government NN I-NP
+could MD B-VP
+be VB I-VP
+, , O
+in IN B-PP
+effect NN B-NP
+, , O
+subsidizing VBG B-VP
+political JJ B-NP
+contributions NNS I-NP
+to TO B-PP
+corporate JJ B-NP
+PACs NNPS I-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+New NNP B-NP
+Jersey NNP I-NP
+Bell NNP I-NP
+awaits VBZ B-VP
+state NN B-NP
+clearance NN I-NP
+. . O
+
+Despite IN B-PP
+federal JJ B-NP
+approval NN I-NP
+, , O
+General NNP B-NP
+Dynamics NNP I-NP
+says VBZ B-VP
+it PRP B-NP
+decided VBD B-VP
+it PRP B-NP
+wo MD B-VP
+n't RB I-VP
+go VB I-VP
+ahead RB B-ADVP
+with IN B-PP
+the DT B-NP
+matching VBG I-NP
+program NN I-NP
+. . O
+
+CHRISTMAS NNP B-NP
+SHOPPERS NNS I-NP
+find VBP B-VP
+a DT B-NP
+helping VBG I-NP
+hand NN I-NP
+from IN B-PP
+some DT B-NP
+catalog NN I-NP
+companies NNS I-NP
+. . O
+
+Blunt NNP B-NP
+Ellis NNP I-NP
+& CC I-NP
+Loewi NNP I-NP
+estimates NNS B-VP
+direct JJ B-NP
+mail NN I-NP
+catalog NN I-NP
+sales NNS I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+12 CD I-NP
+billion CD I-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+And CC O
+while IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+too RB B-ADVP
+soon RB I-ADVP
+to TO B-VP
+tell VB I-VP
+how WRB B-ADVP
+sales NNS B-NP
+will MD B-VP
+fare VB I-VP
+in IN B-PP
+the DT B-NP
+important JJ I-NP
+1989 CD I-NP
+Christmas NNP I-NP
+season NN I-NP
+, , O
+some DT B-NP
+companies NNS I-NP
+take VBP B-VP
+steps NNS B-NP
+to TO B-VP
+ease VB I-VP
+the DT B-NP
+usual JJ I-NP
+11th-hour JJ I-NP
+crush NN I-NP
+. . O
+
+Spiegel NNP B-NP
+promises VBZ B-VP
+a DT B-NP
+`` `` I-NP
+Guaranteed VBN I-NP
+Christmas NNP I-NP
+, , O
+'' '' O
+with IN B-PP
+a DT B-NP
+pledge NN I-NP
+to TO B-VP
+deliver VB I-VP
+goods NNS B-NP
+before IN B-PP
+Christmas NNP B-NP
+if IN B-SBAR
+ordered VBN B-VP
+by IN B-PP
+Dec. NNP B-NP
+20 CD I-NP
+. . O
+
+And CC O
+, , O
+for IN B-PP
+an DT B-NP
+extra JJ I-NP
+$ $ I-NP
+6 CD I-NP
+, , O
+Land NNP B-NP
+'s POS B-NP
+End NN I-NP
+will MD B-VP
+deliver VB I-VP
+orders NNS B-NP
+within IN B-PP
+two CD B-NP
+days NNS I-NP
+; : O
+customers NNS B-NP
+can MD B-VP
+designate VB I-VP
+the DT B-NP
+day NN I-NP
+. . O
+
+Spiegel NNP B-NP
+, , O
+which WDT B-NP
+also RB B-ADVP
+owns VBZ B-VP
+Eddie NNP B-NP
+Bauer NNP I-NP
+and CC O
+Honeybee NNP B-NP
+, , O
+says VBZ B-VP
+that IN B-SBAR
+since IN B-PP
+1987 CD B-NP
+, , O
+sales NNS B-NP
+have NN B-VP
+doubled VBN I-VP
+during IN B-PP
+the DT B-NP
+week NN I-NP
+before IN B-PP
+Christmas NNP B-NP
+. . O
+
+An DT B-NP
+L.L. NNP I-NP
+Bean NNP I-NP
+spokeswoman NN I-NP
+notes NNS B-VP
+: : O
+`` `` O
+People NNS B-NP
+are VBP B-VP
+just RB B-ADVP
+used VBN B-ADJP
+to TO B-PP
+living VBG B-VP
+in IN B-PP
+a DT B-NP
+last-minute JJ I-NP
+society NN I-NP
+. . O
+'' '' O
+
+Blunt NNP B-NP
+Ellis NNP I-NP
+, , O
+a DT B-NP
+Milwaukee NNP I-NP
+brokerage NN I-NP
+firm NN I-NP
+, , O
+says VBZ B-VP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+reason NN I-NP
+catalog NN B-NP
+sales NNS I-NP
+grow VBP B-VP
+in IN B-PP
+popularity NN B-NP
+is VBZ B-VP
+because IN B-SBAR
+consumers NNS B-NP
+have VBP B-VP
+more JJR B-NP
+money NN I-NP
+but CC O
+less JJR B-NP
+time NN I-NP
+to TO B-VP
+spend VB I-VP
+it PRP B-NP
+. . O
+
+L.L. NNP B-NP
+Bean NNP I-NP
+hires VBZ B-VP
+about IN B-NP
+2,700 CD I-NP
+workers NNS I-NP
+for IN B-PP
+the DT B-NP
+season NN I-NP
+rush NN I-NP
+, , O
+about IN B-NP
+300 CD I-NP
+more JJR B-ADJP
+than IN B-PP
+last JJ B-NP
+year NN I-NP
+; : O
+Land NNP B-NP
+'s POS B-NP
+End NN I-NP
+hires VBZ B-VP
+2,000 CD B-NP
+. . O
+
+BRIEFS NNS B-NP
+: : O
+
+Guarana NNP B-NP
+Antarctica NNP I-NP
+, , O
+a DT B-NP
+Brazilian JJ I-NP
+soft JJ I-NP
+drink NN I-NP
+, , O
+is VBZ B-VP
+brought VBN I-VP
+to TO B-PP
+the DT B-NP
+U.S. NNP I-NP
+by IN B-PP
+Amcap NNP B-NP
+, , O
+Chevy NNP B-NP
+Chase NNP I-NP
+, , O
+Md NNP B-NP
+. . O
+
+New NNP B-NP
+Product NNP I-NP
+News NNP I-NP
+says VBZ B-VP
+the DT B-NP
+beverage NN I-NP
+`` `` O
+looks VBZ B-VP
+like IN B-PP
+ginger NN B-NP
+ale NN I-NP
+, , O
+tastes VBZ B-VP
+a DT B-NP
+little JJ I-NP
+like IN B-PP
+cherries NNS B-NP
+and CC O
+smells VBZ B-VP
+like IN B-PP
+bubble NN B-NP
+gum NN I-NP
+. . O
+'' '' O
+... : O
+
+`` `` O
+Amenities NNS B-NP
+'' '' O
+planned VBN B-VP
+for IN B-PP
+Chicago NNP B-NP
+'s POS B-NP
+new JJ I-NP
+Parkshore NNP I-NP
+Tower NNP I-NP
+apartments NNS I-NP
+include VBP B-VP
+an DT B-NP
+on-site JJ I-NP
+investment NN I-NP
+counselor NN I-NP
+. . O
+
+Four CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+Pittsburgh NNP B-NP
+was VBD B-VP
+designated VBN I-VP
+the DT B-NP
+most-livable JJS I-NP
+U.S. NNP I-NP
+city NN I-NP
+by IN B-PP
+Rand NNP B-NP
+McNally NNP I-NP
+'s POS B-NP
+Places NNS I-NP
+Rated VBN I-NP
+Almanac NNP I-NP
+, , O
+and CC O
+the DT B-NP
+honor NN I-NP
+did VBD B-VP
+wonders NNS B-NP
+to TO B-VP
+improve VB I-VP
+Pittsburgh NNP B-NP
+'s POS B-NP
+soot-stained JJ I-NP
+image NN I-NP
+. . O
+
+`` `` O
+People NNS B-NP
+asked VBD B-VP
+, , O
+is VBZ O
+it PRP B-NP
+really RB B-ADVP
+true JJ B-ADJP
+? . O
+'' '' O
+says VBZ B-VP
+Maury NNP B-NP
+Kelley NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+, , O
+marketing NN B-NP
+services NNS I-NP
+, , O
+for IN B-PP
+Beecham NNP B-NP
+Products NNP I-NP
+USA NNP I-NP
+, , O
+a DT B-NP
+maker NN I-NP
+of IN B-PP
+health NN B-NP
+and CC I-NP
+personal-care JJ I-NP
+products NNS I-NP
+that WDT B-NP
+used VBD B-VP
+the DT B-NP
+ranking NN I-NP
+in IN B-PP
+its PRP$ B-NP
+recruiting NN I-NP
+brochure NN I-NP
+. . O
+
+Yuba NNP B-NP
+City NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+ranked VBD B-VP
+dead JJ B-ADJP
+last NN I-ADJP
+among IN B-PP
+329 CD B-NP
+metro NN I-NP
+areas NNS I-NP
+. . O
+
+Unamused JJ B-ADJP
+, , O
+residents NNS B-NP
+burned VBD B-VP
+Rand NNP B-NP
+McNally NNP I-NP
+books NNS I-NP
+and CC O
+wore VBD B-VP
+T-shirts NNS B-NP
+that WDT B-NP
+said VBD B-VP
+: : O
+`` `` O
+Kiss VB B-VP
+my PRP$ B-NP
+Atlas NNP I-NP
+. . O
+'' '' O
+
+The DT B-NP
+almanac NN I-NP
+will MD B-VP
+be VB I-VP
+making VBG I-VP
+new JJ B-NP
+friends NNS I-NP
+and CC I-NP
+enemies NNS I-NP
+on IN B-PP
+Oct. NNP B-NP
+27 CD I-NP
+, , O
+when WRB B-ADVP
+an DT B-NP
+updated VBN I-NP
+version NN I-NP
+will MD B-VP
+be VB I-VP
+released VBN I-VP
+. . O
+
+Pittsburgh NNP B-NP
+figures NNS B-VP
+it PRP B-NP
+will MD B-VP
+be VB I-VP
+dethroned VBN I-VP
+but CC O
+plans NNS B-VP
+to TO I-VP
+accept VB I-VP
+its PRP$ B-NP
+ouster NN I-NP
+graciously RB B-ADVP
+. . O
+
+The DT B-NP
+city NN I-NP
+'s POS B-NP
+Office NNP I-NP
+of IN B-PP
+Promotion NNP B-NP
+plans VBZ B-VP
+media NNS B-NP
+events NNS I-NP
+to TO B-VP
+welcome VB I-VP
+its PRP$ B-NP
+successor NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+encouraging VBG I-VP
+a DT B-NP
+graceful JJ I-NP
+transition NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mary NNP B-NP
+Kay NNP I-NP
+Poppenberg NNP I-NP
+, , O
+the DT B-NP
+organization NN I-NP
+'s POS B-NP
+president NN I-NP
+. . O
+
+`` `` O
+Our PRP$ B-NP
+attitude NN I-NP
+is VBZ B-VP
+that IN O
+-LRB- ( O
+the DT B-NP
+ranking JJ I-NP
+-RRB- ) O
+is VBZ B-VP
+like IN B-PP
+Miss NNP B-NP
+America NNP I-NP
+. . O
+
+Once RB O
+you PRP B-NP
+'re VBP B-VP
+Miss NNP B-NP
+America NNP I-NP
+, , O
+you PRP B-NP
+'re VBP B-VP
+always RB B-ADVP
+Miss NNP B-NP
+America NNP I-NP
+. . O
+'' '' O
+
+Tell VB B-VP
+that IN B-NP
+to TO B-PP
+Atlanta NNP B-NP
+, , O
+which WDT B-NP
+Pittsburgh NNP B-NP
+replaced VBD B-VP
+as IN B-PP
+the DT B-NP
+most-livable JJS I-NP
+city NN I-NP
+in IN B-PP
+1985 CD B-NP
+. . O
+
+Many JJ B-NP
+Atlantans NNPS I-NP
+thought VBD B-VP
+Pittsburgh NNP B-NP
+was VBD B-VP
+an DT B-NP
+unworthy JJ I-NP
+heir NN I-NP
+. . O
+
+A DT B-NP
+columnist NN I-NP
+in IN B-PP
+the DT B-NP
+Atlanta NNP I-NP
+Journal NNP I-NP
+and CC I-NP
+Constitution NNP I-NP
+wrote VBD B-VP
+: : O
+`` `` O
+Who WP B-NP
+did VBD B-VP
+the DT B-NP
+research NN I-NP
+for IN B-PP
+this DT B-NP
+report NN I-NP
+? . O
+
+Two CD B-NP
+guys NNS I-NP
+from IN B-PP
+Gary NNP B-NP
+, , O
+Ind. NNP B-NP
+? . O
+'' '' O
+
+Not RB O
+so RB B-ADJP
+. . O
+
+Co-authors NNS B-NP
+David NNP I-NP
+Savageau NNP I-NP
+and CC I-NP
+Richard NNP I-NP
+Boyer NNP I-NP
+, , O
+live VB B-VP
+in IN B-PP
+Gloucester NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+and CC O
+Asheville NNP B-NP
+, , O
+N.C. NNP B-NP
+, , O
+respectively RB B-ADVP
+. . O
+
+`` `` O
+Atlanta NNP B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Savageau NNP I-NP
+sniffs VBZ B-VP
+, , O
+`` `` O
+has VBZ B-VP
+unrealistic JJ B-NP
+pretensions NNS I-NP
+to TO B-PP
+world-class JJ B-NP
+status NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+new JJ I-NP
+edition NN I-NP
+lists VBZ B-VP
+the DT B-NP
+top JJ I-NP
+10 CD I-NP
+metropolitan JJ I-NP
+areas NNS I-NP
+as IN B-PP
+Anaheim-Santa NNP B-NP
+Ana NNP I-NP
+, , O
+Calif. NNP B-NP
+; : O
+Boston NNP B-NP
+; : O
+Louisville NNP B-NP
+, , O
+Ky. NNP B-NP
+; : O
+Nassau-Suffolk NNP B-NP
+, , O
+N.Y. NNP B-NP
+; : O
+New NNP B-NP
+York NNP I-NP
+; : O
+Pittsburgh NNP B-NP
+; : O
+San NNP B-NP
+Diego NNP I-NP
+; : O
+San NNP B-NP
+Francisco NNP I-NP
+; : O
+Seattle NNP B-NP
+; : O
+and CC O
+Washington NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Savageau NNP I-NP
+says VBZ B-VP
+earthquake NN B-NP
+or CC O
+not RB O
+, , O
+San NNP B-NP
+Francisco NNP I-NP
+makes VBZ B-VP
+the DT B-NP
+list NN I-NP
+. . O
+
+But CC O
+attention NN B-NP
+also RB B-ADVP
+rivets VBZ B-VP
+on IN B-PP
+who WP B-NP
+finishes VBZ B-VP
+last JJ B-ADVP
+, , O
+and CC O
+Pine NNP B-NP
+Bluff NNP I-NP
+, , O
+Ark. NNP B-NP
+-- : O
+which WDT B-NP
+finished VBD B-VP
+third JJ B-ADVP
+to TO I-ADVP
+last VB I-ADVP
+in IN B-PP
+1981 CD B-NP
+and CC O
+second JJ B-ADVP
+to TO I-ADVP
+last VB I-ADVP
+in IN B-PP
+1985 CD B-NP
+-- : O
+is VBZ B-VP
+certainly RB B-ADVP
+in IN B-PP
+the DT B-NP
+running NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+hate VBP B-VP
+to TO I-VP
+dignify VB I-VP
+the DT B-NP
+publication NN I-NP
+by IN B-PP
+commenting VBG B-VP
+on IN B-PP
+the DT B-NP
+obscene JJ I-NP
+rating NN I-NP
+, , O
+'' '' O
+Mayor NNP B-NP
+Carolyn NNP I-NP
+Robinson NNP I-NP
+says VBZ B-VP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+cities NNS B-NP
+have VBP B-VP
+no DT B-NP
+way NN I-NP
+to TO B-VP
+rebut VB I-VP
+the DT B-NP
+book NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+like IN B-PP
+fighting VBG B-VP
+your PRP$ B-NP
+way NN I-NP
+out IN B-ADVP
+of IN B-PP
+a DT B-NP
+fog NN I-NP
+. . O
+
+You PRP B-NP
+do VBP B-VP
+n't RB I-VP
+know VB I-VP
+which WDT B-ADVP
+way NN O
+to TO B-VP
+punch VB I-VP
+. . O
+
+Northrop NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+third-quarter JJ I-NP
+net JJ I-NP
+income NN I-NP
+fell VBD B-VP
+25 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+21.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+46 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+while IN B-SBAR
+General NNP B-NP
+Dynamics NNP I-NP
+Corp. NNP I-NP
+reported VBD B-VP
+nearly RB B-NP
+flat JJ I-NP
+earnings NNS I-NP
+of IN B-PP
+$ $ B-NP
+76.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.83 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Los NNP B-NP
+Angeles-based JJ I-NP
+Northrop NNP I-NP
+recorded VBD B-VP
+an DT B-NP
+8.2 CD I-NP
+% NN I-NP
+decline NN I-NP
+in IN B-PP
+sales NNS B-NP
+as IN B-SBAR
+B-2 NNP B-NP
+Stealth NNP I-NP
+bomber NN I-NP
+research-and-development NN I-NP
+revenue NN I-NP
+continued VBD B-VP
+to TO I-VP
+ebb VB I-VP
+and CC O
+high JJ B-NP
+costs NNS I-NP
+on IN B-PP
+some DT B-NP
+other JJ I-NP
+programs NNS I-NP
+cut VBP B-VP
+into IN B-PP
+profit NN B-NP
+. . O
+
+The DT B-NP
+aerospace NN I-NP
+concern NN I-NP
+earned VBD B-VP
+$ $ B-NP
+28.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+61 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+period NN I-NP
+were VBD B-VP
+$ $ B-NP
+1.25 CD I-NP
+billion CD I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+$ $ B-NP
+1.36 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+1988 CD I-NP
+quarter NN I-NP
+. . O
+
+At IN B-PP
+St. NNP B-NP
+Louis-based JJ I-NP
+General NNP I-NP
+Dynamics NNP I-NP
+, , O
+sales NNS B-NP
+rose VBD B-VP
+10 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.52 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.29 CD I-NP
+billion CD I-NP
+. . O
+
+It PRP B-NP
+earned VBD B-VP
+$ $ B-NP
+76.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.82 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+1988 CD I-NP
+quarter NN I-NP
+. . O
+
+General NNP B-NP
+Dynamics NNP I-NP
+credited VBD B-VP
+significant JJ B-NP
+earnings NNS I-NP
+gains NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+general JJ I-NP
+aviation NN I-NP
+and CC I-NP
+material NN I-NP
+service NN I-NP
+segments NNS I-NP
+, , O
+an DT B-NP
+earnings NNS I-NP
+recovery NN I-NP
+in IN B-PP
+submarine NN B-NP
+operations NNS I-NP
+, , O
+and CC O
+higher JJR B-NP
+military JJ I-NP
+aircraft NN I-NP
+sales NNS I-NP
+. . O
+
+Northrop NNP B-NP
+said VBD B-VP
+sales NNS B-NP
+fell VBD B-VP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+decline NN I-NP
+in IN B-PP
+B-2 NNP B-NP
+development NN I-NP
+dollars NNS I-NP
+from IN B-PP
+the DT B-NP
+government NN I-NP
+as IN B-SBAR
+the DT B-NP
+plane NN I-NP
+continues VBZ B-VP
+its PRP$ B-NP
+initial JJ I-NP
+production NN I-NP
+stage NN I-NP
+and CC O
+because IN B-SBAR
+fewer JJR B-NP
+F\/A-18 NNP I-NP
+fighter NN I-NP
+sections NNS I-NP
+are VBP B-VP
+being VBG I-VP
+produced VBN I-VP
+in IN B-PP
+its PRP$ B-NP
+subcontract NN I-NP
+work NN I-NP
+with IN B-PP
+prime JJ B-NP
+contractor NN I-NP
+McDonnell NNP I-NP
+Douglas NNP I-NP
+Corp NNP I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Northrop NNP B-NP
+shares NNS I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+21.125 CD I-NP
+, , O
+off IN B-ADVP
+25 CD B-NP
+cents NNS I-NP
+. . O
+
+General NNP B-NP
+Dynamics NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+54.875 CD I-NP
+, , O
+up IN B-ADVP
+50 CD B-NP
+cents NNS I-NP
+. . O
+
+Northrop NNP B-NP
+, , O
+which WDT B-NP
+since IN B-PP
+early JJ B-NP
+1988 CD I-NP
+has VBZ B-VP
+declined VBN I-VP
+to TO I-VP
+accept VB I-VP
+fixed-price JJ B-NP
+contracts NNS I-NP
+for IN B-PP
+research NN B-NP
+and CC I-NP
+development NN I-NP
+, , O
+said VBD B-VP
+earnings NNS B-NP
+were VBD B-VP
+hurt VBN I-VP
+by IN B-PP
+excessive JJ B-NP
+costs NNS I-NP
+on IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+such JJ B-NP
+contracts NNS I-NP
+won VBD B-VP
+years NNS B-NP
+ago RB B-ADVP
+. . O
+
+Among IN B-PP
+them PRP B-NP
+were VBD B-VP
+the DT B-NP
+ALQ-135 NN I-NP
+electronic JJ I-NP
+countermeasures NNS I-NP
+system NN I-NP
+for IN B-PP
+the DT B-NP
+F-15 NNP I-NP
+fighter NN I-NP
+. . O
+
+Northrop NNP B-NP
+'s POS B-NP
+interest NN I-NP
+expense NN I-NP
+also RB B-ADVP
+soared VBD B-VP
+to TO B-PP
+$ $ B-NP
+35 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+17 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+It PRP B-NP
+said VBD B-VP
+debt NN B-NP
+remained VBD B-VP
+at IN B-PP
+the DT B-NP
+$ $ I-NP
+1.22 CD I-NP
+billion CD I-NP
+that WDT B-NP
+has VBZ B-VP
+prevailed VBN I-VP
+since IN B-PP
+early JJ B-NP
+1989 CD I-NP
+, , O
+although IN B-SBAR
+that DT B-NP
+compared VBD B-VP
+with IN B-PP
+$ $ B-NP
+911 CD I-NP
+million CD I-NP
+at IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+1988 CD B-NP
+. . O
+
+The DT B-NP
+backlog NN I-NP
+of IN B-PP
+undelivered JJ B-NP
+orders NNS I-NP
+at IN B-PP
+Northrop NNP B-NP
+on IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+was VBD B-VP
+$ $ B-NP
+4.68 CD I-NP
+billion CD I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+$ $ B-NP
+5.16 CD I-NP
+billion CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Northrop NNP B-NP
+reported VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+46.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+profit NN B-NP
+of IN B-PP
+$ $ B-NP
+190.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.05 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+1988 CD B-NP
+. . O
+
+Sales NNS B-NP
+dipped VBD B-VP
+3.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3.92 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+4.07 CD I-NP
+billion CD I-NP
+. . O
+
+At IN B-PP
+General NNP B-NP
+Dynamics NNP I-NP
+, , O
+factors NNS B-NP
+reducing VBG B-VP
+earnings NNS B-NP
+in IN B-PP
+the DT B-NP
+military JJ I-NP
+aircraft NN I-NP
+segment NN I-NP
+included VBD B-VP
+higher JJR B-NP
+levels NNS I-NP
+of IN B-PP
+cost-sharing NN B-NP
+in IN B-PP
+development NN B-NP
+of IN B-PP
+the DT B-NP
+Advanced NNP I-NP
+Tactical NNP I-NP
+Fighter NNP I-NP
+, , O
+and CC O
+the DT B-NP
+high JJ I-NP
+cost NN I-NP
+of IN B-PP
+an DT B-NP
+advanced VBN I-NP
+version NN I-NP
+of IN B-PP
+the DT B-NP
+F-16 NNP I-NP
+fighter NN I-NP
+. . O
+
+F-16 NN B-NP
+deliveries NNS I-NP
+also RB B-ADVP
+have VBP B-VP
+fallen VBN I-VP
+`` `` O
+slightly RB B-ADVP
+behind IN B-PP
+schedule NN B-NP
+, , O
+'' '' O
+although IN B-SBAR
+a DT B-NP
+return NN I-NP
+to TO B-PP
+the DT B-NP
+previous JJ I-NP
+schedule NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+in IN B-PP
+1990 CD B-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+Backlog NN B-NP
+at IN B-PP
+General NNP B-NP
+Dynamics NNP I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+16.5 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+15.8 CD I-NP
+billion CD I-NP
+. . O
+
+Its PRP$ B-NP
+interest NN I-NP
+expense NN I-NP
+surged VBD B-VP
+to TO B-PP
+$ $ B-NP
+21.5 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+12.4 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+General NNP B-NP
+Dynamics NNP I-NP
+earned VBD B-VP
+$ $ B-NP
+210.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+5.03 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+marginally RB B-ADVP
+from IN B-PP
+$ $ B-NP
+208.8 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+4.97 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+a DT B-NP
+4.9 CD I-NP
+% NN I-NP
+rise NN I-NP
+in IN B-PP
+sales NNS B-NP
+to TO B-PP
+$ $ B-NP
+7.41 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+7.06 CD I-NP
+billion CD I-NP
+. . O
+
+Lotus NNP B-NP
+Development NNP I-NP
+Corp. NNP I-NP
+reported VBD B-VP
+a DT B-NP
+surprisingly RB I-NP
+strong JJ I-NP
+51 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+on IN B-PP
+a DT B-NP
+32 CD I-NP
+% NN I-NP
+sales NNS I-NP
+gain NN I-NP
+, , O
+buoyed VBN B-VP
+by IN B-PP
+strong JJ B-NP
+demand NN I-NP
+for IN B-PP
+a DT B-NP
+new JJ I-NP
+version NN I-NP
+of IN B-PP
+its PRP$ B-NP
+1-2-3 JJ I-NP
+computer NN I-NP
+spreadsheet NN I-NP
+. . O
+
+The DT B-NP
+results NNS I-NP
+topped VBD B-VP
+analysts NNS B-NP
+' POS B-NP
+expectations NNS I-NP
+and CC O
+the DT B-NP
+earnings NNS I-NP
+growth NN I-NP
+of IN B-PP
+competitors NNS B-NP
+, , O
+prompting VBG B-VP
+traders NNS B-NP
+to TO B-VP
+all DT I-VP
+but CC I-VP
+forget VB I-VP
+the DT B-NP
+product-launch NN I-NP
+delays NNS I-NP
+that WDT B-NP
+bogged VBD B-VP
+down RP B-PRT
+the DT B-NP
+company NN I-NP
+for IN B-PP
+much NN B-NP
+of IN B-PP
+the DT B-NP
+past JJ I-NP
+two CD I-NP
+years NNS I-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+in IN B-PP
+heavy JJ B-NP
+, , I-NP
+national JJ I-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+, , O
+Lotus NNP B-NP
+shares NNS I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+32.50 CD I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.25 CD I-NP
+apiece RB B-ADVP
+, , O
+capping VBG B-VP
+a DT B-NP
+threemonth JJ I-NP
+run-up NN I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+40 CD I-NP
+% NN I-NP
+. . O
+
+Lotus NNP B-NP
+said VBD B-VP
+net NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+23 CD I-NP
+million CD I-NP
+, , O
+or CC O
+54 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+153.9 CD I-NP
+million CD I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+net NN B-NP
+was VBD B-VP
+$ $ B-NP
+14.3 CD I-NP
+million CD I-NP
+, , O
+or CC O
+31 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+116.8 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net NN B-NP
+of IN B-PP
+$ $ B-NP
+38.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+92 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+trailed VBD B-VP
+the DT B-NP
+year NN I-NP
+earlier RBR I-NP
+'s POS B-NP
+$ $ I-NP
+49.9 CD I-NP
+million CD I-NP
+, , I-NP
+or CC I-NP
+$ $ I-NP
+1.08 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+406 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+356 CD I-NP
+million CD I-NP
+the DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+In IN B-PP
+the DT B-NP
+first JJ I-NP
+half NN I-NP
+, , O
+Lotus NNP B-NP
+struggled VBD B-VP
+to TO I-VP
+keep VB I-VP
+market NN B-NP
+share NN I-NP
+with IN B-PP
+costly JJ B-NP
+promotions NNS I-NP
+while IN B-SBAR
+customers NNS B-NP
+awaited VBD B-VP
+the DT B-NP
+launch NN I-NP
+of IN B-PP
+1-2-3 NNP B-NP
+Release NNP I-NP
+3 CD I-NP
+, , O
+the DT B-NP
+upgraded VBN I-NP
+spreadsheet NN I-NP
+software NN I-NP
+. . O
+
+Lotus NNP B-NP
+'s POS B-NP
+results NNS I-NP
+were VBD B-VP
+about IN B-NP
+10 CD I-NP
+% NN I-NP
+higher JJR B-ADJP
+than IN B-PP
+analysts NNS B-NP
+' POS B-NP
+average JJ I-NP
+expectations NNS I-NP
+and CC O
+compared VBN B-VP
+favorably RB B-ADVP
+with IN B-PP
+the DT B-NP
+36 CD I-NP
+% NN I-NP
+earnings NNS I-NP
+rise NN I-NP
+reported VBD B-VP
+a DT B-NP
+day NN I-NP
+earlier RBR B-ADVP
+by IN B-PP
+rival JJ B-NP
+Microsoft NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+Redmond NNP B-NP
+, , O
+Wash NNP B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+results NNS B-NP
+were VBD B-VP
+bolstered VBN I-VP
+by IN B-PP
+upgrades NNS B-NP
+to TO B-PP
+Release NNP B-NP
+3 CD I-NP
+by IN B-PP
+previous JJ B-NP
+customers NNS I-NP
+and CC O
+improved VBN B-NP
+profit NN I-NP
+margins NNS I-NP
+, , O
+the DT B-NP
+result NN I-NP
+of IN B-PP
+manufacturing-cost NN B-NP
+controls NNS I-NP
+. . O
+
+Rick NNP B-NP
+Sherlund NNP I-NP
+, , O
+a DT B-NP
+Goldman NNP I-NP
+Sachs NNP I-NP
+analyst NN I-NP
+, , O
+said VBD B-VP
+Lotus NNP B-NP
+had VBD B-VP
+upgrade VB B-NP
+revenue NN I-NP
+of IN B-PP
+about RB B-NP
+$ $ I-NP
+22 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+twice RB B-ADVP
+what WP B-NP
+he PRP B-NP
+had VBD B-VP
+expected VBN I-VP
+. . O
+
+Also RB B-ADVP
+, , O
+he PRP B-NP
+estimated VBD B-VP
+unit NN B-NP
+shipments NNS I-NP
+of IN B-PP
+1-2-3 JJ B-NP
+in IN B-PP
+all DT B-NP
+its PRP$ I-NP
+forms NNS I-NP
+were VBD B-VP
+about IN B-NP
+315,000 CD I-NP
+, , O
+up IN B-ADVP
+7 CD B-NP
+% NN I-NP
+from IN B-PP
+1988 CD B-NP
+'s POS B-NP
+quarterly JJ I-NP
+average NN I-NP
+. . O
+
+Demand NN B-NP
+for IN B-PP
+the DT B-NP
+new JJ I-NP
+version NN I-NP
+was VBD B-VP
+enabling VBG I-VP
+Lotus NNP B-NP
+to TO B-VP
+raise VB I-VP
+prices NNS B-NP
+with IN B-PP
+distributors NNS B-NP
+and CC O
+to TO B-VP
+hold VB I-VP
+market NN B-NP
+share NN I-NP
+against IN B-PP
+Microsoft NNP B-NP
+and CC O
+other JJ B-NP
+competitors NNS I-NP
+that WDT B-NP
+tried VBD B-VP
+to TO I-VP
+exploit VB I-VP
+the DT B-NP
+earlier JJR I-NP
+delays NNS I-NP
+in IN B-PP
+Release NNP B-NP
+3 CD I-NP
+'s POS B-NP
+launch NN I-NP
+, , O
+Mr. NNP B-NP
+Sherlund NNP I-NP
+added VBD B-VP
+. . O
+
+He PRP B-NP
+estimated VBD B-VP
+that IN B-SBAR
+1-2-3 NN B-NP
+outsold VBD B-VP
+Microsoft NNP B-NP
+'s POS B-NP
+Excel NNP I-NP
+spreadsheet NN I-NP
+by IN B-PP
+four-to-one RB B-ADVP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+and CC O
+held VBD B-VP
+a DT B-NP
+70 CD I-NP
+% NN I-NP
+or CC I-NP
+better JJR I-NP
+share NN I-NP
+of IN B-PP
+the DT B-NP
+spreadsheet NN I-NP
+market NN I-NP
+. . O
+
+Silicon NNP B-NP
+Valley NNP I-NP
+heaved VBD B-VP
+a DT B-NP
+sigh NN I-NP
+of IN B-PP
+relief NN B-NP
+yesterday NN B-NP
+. . O
+
+Though IN B-SBAR
+details NNS B-NP
+were VBD B-VP
+sketchy JJ B-ADJP
+in IN B-PP
+the DT B-NP
+aftermath NN I-NP
+of IN B-PP
+the DT B-NP
+violent JJ I-NP
+earthquake NN I-NP
+that WDT B-NP
+shook VBD B-VP
+the DT B-NP
+high-tech JJ I-NP
+corridor NN I-NP
+along IN B-PP
+with IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+, , O
+a DT B-NP
+spot NN I-NP
+check NN I-NP
+of IN B-PP
+computer NN B-NP
+makers NNS I-NP
+turned VBD B-VP
+up IN B-PRT
+little JJ O
+, , O
+if IN B-SBAR
+any DT B-NP
+, , O
+potentially RB B-NP
+lingering VBG I-NP
+damage NN I-NP
+to TO B-PP
+facilities NNS B-NP
+or CC O
+fabrication NN B-NP
+equipment NN I-NP
+. . O
+
+Analysts NNS B-NP
+and CC O
+corporate JJ B-NP
+officials NNS I-NP
+said VBD B-VP
+they PRP B-NP
+expected VBD B-VP
+practically RB B-NP
+no DT I-NP
+long-term JJ I-NP
+disruption NN I-NP
+in IN B-PP
+shipments NNS B-NP
+from IN B-PP
+the DT B-NP
+Valley NNP I-NP
+of IN B-PP
+either DT B-NP
+hardware NN I-NP
+or CC I-NP
+software NN I-NP
+goods NNS I-NP
+. . O
+
+Intel NNP B-NP
+Corp. NNP I-NP
+, , O
+Advanced NNP B-NP
+Micro NNP I-NP
+Devices NNP I-NP
+Inc. NNP I-NP
+and CC O
+National NNP B-NP
+Semiconductor NNP I-NP
+Corp. NNP I-NP
+were VBD B-VP
+all DT O
+up IN B-ADJP
+and CC O
+running VBG B-VP
+yesterday NN B-NP
+, , O
+though IN B-SBAR
+many JJ B-NP
+workers NNS I-NP
+were VBD B-VP
+forced VBN I-VP
+to TO I-VP
+stay VB I-VP
+home NN B-NP
+because IN B-PP
+of IN I-PP
+damaged VBN B-NP
+roadways NNS I-NP
+; : O
+others NNS B-NP
+elected VBN B-VP
+to TO I-VP
+take VB I-VP
+the DT B-NP
+day NN I-NP
+off RB B-PRT
+. . O
+
+`` `` O
+These DT B-NP
+systems NNS I-NP
+are VBP B-VP
+more RBR B-ADJP
+rugged JJ I-ADJP
+than IN B-SBAR
+many JJ B-NP
+people NNS I-NP
+would MD B-VP
+believe VB I-VP
+, , O
+'' '' O
+said VBD B-VP
+Thomas NNP B-NP
+Kurlak NNP I-NP
+, , O
+who WP B-NP
+tracks VBZ B-VP
+the DT B-NP
+computer NN I-NP
+industry NN I-NP
+for IN B-PP
+Merrill NNP B-NP
+Lynch NNP I-NP
+Research NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+not RB O
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+if IN B-SBAR
+you PRP B-NP
+shake VBP B-VP
+them PRP B-NP
+up IN B-PRT
+a DT B-NP
+little JJ I-NP
+bit NN I-NP
+. . O
+'' '' O
+
+Other JJ B-NP
+companies NNS I-NP
+, , O
+including VBG B-PP
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+and CC O
+Hewlett-Packard NNP B-NP
+Co. NNP I-NP
+, , O
+completely RB B-VP
+idled VBN I-VP
+their PRP$ B-NP
+operations NNS I-NP
+because IN B-PP
+of IN I-PP
+Tuesday NNP B-NP
+evening NN I-NP
+'s POS B-NP
+temblor NN I-NP
+, , O
+which WDT B-NP
+registered VBD B-VP
+6.9 CD B-NP
+on IN B-PP
+the DT B-NP
+Richter NNP I-NP
+scale NN I-NP
+. . O
+
+Personnel NNP B-NP
+spent VBD B-VP
+the DT B-NP
+morning NN I-NP
+inspecting VBG B-VP
+buildings NNS B-NP
+for IN B-PP
+structural JJ B-NP
+weaknesses NNS I-NP
+, , O
+mopping VBG B-VP
+up IN B-PRT
+water NN B-NP
+from IN B-PP
+broken VBN B-NP
+pipes NNS I-NP
+and CC O
+clearing VBG B-VP
+ceiling NN B-NP
+tiles NNS I-NP
+and CC O
+other JJ B-NP
+debris NN I-NP
+from IN B-PP
+factory NN B-NP
+floors NNS I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+many NN B-NP
+were VBD B-VP
+confident JJ B-ADJP
+that IN B-SBAR
+`` `` O
+in IN B-PP
+a DT B-NP
+day NN I-NP
+or CC I-NP
+two CD I-NP
+, , O
+everything NN B-NP
+should MD B-VP
+be VB I-VP
+back RB B-ADVP
+to TO B-PP
+normal JJ B-ADJP
+, , O
+'' '' O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+spokeswoman NN I-NP
+for IN B-PP
+the DT B-NP
+Semiconductor NNP I-NP
+Industry NNP I-NP
+Association NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Cupertino NNP B-NP
+. . O
+
+IBM NNP B-NP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+anticipates VBZ B-VP
+returning VBG I-VP
+to TO B-PP
+a DT B-NP
+normal JJ I-NP
+work NN I-NP
+schedule NN I-NP
+by IN B-PP
+the DT B-NP
+weekend NN I-NP
+at IN B-PP
+its PRP$ B-NP
+San NNP I-NP
+Jose NNP I-NP
+plant NN I-NP
+, , O
+which WDT B-NP
+puts VBZ B-VP
+out RP B-PRT
+disk NN B-NP
+drives NNS I-NP
+for IN B-PP
+the DT B-NP
+3090 CD I-NP
+family NN I-NP
+of IN B-PP
+mainframes NNS B-NP
+. . O
+
+A DT B-NP
+Hewlett-Packard NNP I-NP
+spokeswoman NN I-NP
+said VBD B-VP
+that IN B-SBAR
+, , O
+while IN B-SBAR
+`` `` O
+things NNS B-NP
+are VBP B-VP
+a DT B-NP
+big JJ I-NP
+mess NN I-NP
+, , O
+'' '' O
+some DT B-NP
+18,000 CD I-NP
+Valley NNP I-NP
+employees NNS I-NP
+have VBP B-VP
+been VBN I-VP
+called VBN I-VP
+back RB B-ADVP
+to TO B-PP
+work VB B-NP
+today NN B-NP
+. . O
+
+Apple NNP B-NP
+Computer NNP I-NP
+added VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+being VBG I-VP
+`` `` O
+cautiously RB B-ADJP
+optimistic JJ I-ADJP
+, , O
+'' '' O
+despite IN B-PP
+not RB B-ADVP
+yet RB I-ADVP
+closely RB B-VP
+eyeballing VBG I-VP
+all DT B-NP
+of IN B-PP
+its PRP$ B-NP
+50 CD I-NP
+buildings NNS I-NP
+in IN B-PP
+the DT B-NP
+region NN I-NP
+. . O
+
+Even RB B-NP
+the DT I-NP
+carefully RB I-NP
+calibrated VBN I-NP
+machinery NN I-NP
+in IN B-PP
+its PRP$ B-NP
+giant NN I-NP
+Fremont NNP I-NP
+plant NN I-NP
+, , O
+to TO B-PP
+the DT B-NP
+north RB I-NP
+of IN B-PP
+the DT B-NP
+Valley NNP I-NP
+, , O
+was VBD B-VP
+believed VBN I-VP
+to TO I-VP
+be VB I-VP
+undamaged JJ B-ADJP
+. . O
+
+Sun NNP B-NP
+Microsystems NNP I-NP
+Inc. NNP I-NP
+and CC O
+Tandem NNP B-NP
+Computers NNP I-NP
+Inc. NNP I-NP
+also RB B-ADVP
+signaled VBD B-VP
+that IN B-SBAR
+they PRP B-NP
+should MD B-VP
+recover VB I-VP
+quickly RB B-ADVP
+. . O
+
+Digital NNP B-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+, , O
+with IN B-PP
+major JJ B-NP
+facilities NNS I-NP
+in IN B-PP
+Santa NNP B-NP
+Clara NNP I-NP
+, , O
+Cupertino NNP B-NP
+, , O
+Palo NNP B-NP
+Alto NNP I-NP
+and CC O
+Mountain NNP B-NP
+View NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+all DT B-NP
+of IN B-PP
+its PRP$ B-NP
+engineering NN I-NP
+and CC I-NP
+manufacturing NN I-NP
+sites NNS I-NP
+had VBD B-VP
+reported VBN I-VP
+to TO B-PP
+corporate JJ B-NP
+headquarters NN I-NP
+in IN B-PP
+Maynard NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+Tuesday NNP B-NP
+night NN I-NP
+. . O
+
+None NN B-NP
+sustained VBN B-VP
+`` `` B-NP
+significant JJ I-NP
+'' '' I-NP
+damage NN I-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+, , O
+adding VBG B-VP
+that IN B-SBAR
+`` `` O
+the DT B-NP
+delicate JJ I-NP
+manufacturing NN I-NP
+process NN I-NP
+machines NNS I-NP
+were VBD B-VP
+checked VBN I-VP
+and CC O
+were VBD B-VP
+all DT O
+found VBD B-VP
+to TO I-VP
+be VB I-VP
+operating VBG I-VP
+normally RB B-ADVP
+. . O
+'' '' O
+
+For IN B-PP
+many JJ B-NP
+companies NNS I-NP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+there EX B-NP
+is VBZ B-VP
+still RB B-ADVP
+a DT B-NP
+slew NN I-NP
+of IN B-PP
+nagging JJ B-NP
+problems NNS I-NP
+to TO B-VP
+grapple VB I-VP
+with IN B-PP
+, , O
+some DT B-NP
+of IN B-PP
+which WDT B-NP
+have VBP B-VP
+the DT B-NP
+potential JJ I-NP
+to TO B-VP
+become VB I-VP
+quite RB B-ADJP
+serious JJ I-ADJP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+Advanced NNP B-NP
+Micro NNP I-NP
+Devices NNPS I-NP
+said VBD B-VP
+the DT B-NP
+Sunnyvale NNP I-NP
+chip NN I-NP
+maker NN I-NP
+is VBZ B-VP
+worried VBN B-ADJP
+about IN B-PP
+blackouts NNS B-NP
+. . O
+
+A DT B-NP
+sudden JJ I-NP
+surge NN I-NP
+or CC I-NP
+drop NN I-NP
+in IN B-PP
+electric JJ B-NP
+power NN I-NP
+could MD B-VP
+ruin VB I-VP
+integrated VBN B-NP
+circuits NNS I-NP
+being VBG B-VP
+built VBN I-VP
+. . O
+
+But CC O
+, , O
+given VBN B-PP
+what WP B-NP
+might MD B-VP
+have VB I-VP
+happened VBN I-VP
+to TO B-PP
+the DT B-NP
+fragile JJ I-NP
+parts NNS I-NP
+that WDT B-NP
+are VBP B-VP
+at IN B-PP
+the DT B-NP
+heart NN I-NP
+of IN B-PP
+the DT B-NP
+microelectronics NNS I-NP
+business NN I-NP
+, , O
+the DT B-NP
+bulk NN I-NP
+of IN B-PP
+Valley NNP B-NP
+companies NNS I-NP
+seemed VBD B-VP
+to TO I-VP
+be VB I-VP
+just RB I-VP
+about IN I-VP
+shouting VBG I-VP
+hosannas NNS B-NP
+. . O
+
+Several JJ B-NP
+factors NNS I-NP
+apparently RB B-ADVP
+spared VBN B-VP
+the DT B-NP
+Valley NNP I-NP
+-- : O
+a DT B-NP
+sprawling VBG I-NP
+suburban JJ I-NP
+stretch NN I-NP
+from IN B-PP
+San NNP B-NP
+Jose NNP I-NP
+to TO B-PP
+Palo NNP B-NP
+Alto NNP I-NP
+-- : O
+from IN B-PP
+the DT B-NP
+kind NN I-NP
+of IN B-PP
+impact NN B-NP
+felt VBD B-VP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+an DT B-NP
+hour NN I-NP
+'s POS B-NP
+drive NN I-NP
+north RB I-NP
+. . O
+
+For IN B-PP
+one CD B-NP
+thing NN I-NP
+, , O
+buildings NNS B-NP
+there EX B-ADVP
+tend VBP B-VP
+to TO I-VP
+be VB I-VP
+newer JJR B-ADJP
+and CC O
+, , O
+thus RB B-ADVP
+, , O
+in IN B-PP
+step NN B-NP
+with IN B-PP
+the DT B-NP
+latest JJS I-NP
+safety NN I-NP
+codes NNS I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+the DT B-NP
+soil NN I-NP
+in IN B-PP
+the DT B-NP
+Valley NNP I-NP
+is VBZ B-VP
+solid JJ B-ADJP
+, , O
+unlike IN B-PP
+the DT B-NP
+landfill NN I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+downtown NN I-NP
+Marina NNP I-NP
+District NNP I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+hit VBN I-VP
+with IN B-PP
+fires NNS B-NP
+and CC O
+vast JJ B-NP
+destruction NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+some DT B-NP
+microelectronics NNS I-NP
+companies NNS I-NP
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+prepared VBN B-ADJP
+for IN B-PP
+tremulous JJ B-NP
+conditions NNS I-NP
+like IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+. . O
+
+Their PRP$ B-NP
+machine NN I-NP
+tools NNS I-NP
+are VBP B-VP
+even RB I-VP
+bolted VBN I-VP
+to TO B-PP
+the DT B-NP
+shop NN I-NP
+floor NN I-NP
+. . O
+
+Intel NNP B-NP
+said VBD B-VP
+that IN B-SBAR
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+decade NN I-NP
+, , O
+it PRP B-NP
+has VBZ B-VP
+installed VBN I-VP
+computer NN B-NP
+sensors NNS I-NP
+and CC O
+shutoff NN B-NP
+valves NNS I-NP
+, , O
+sensitive JJ B-ADJP
+to TO B-PP
+the DT B-NP
+shake NN I-NP
+of IN B-PP
+an DT B-NP
+earthquake NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+pipes NNS I-NP
+that WDT B-NP
+snake NN B-VP
+through IN B-PP
+its PRP$ B-NP
+plants NNS I-NP
+. . O
+
+Like IN B-PP
+other JJ B-NP
+large JJ I-NP
+Valley NNP I-NP
+companies NNS I-NP
+, , O
+Intel NNP B-NP
+also RB B-ADVP
+noted VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+factories NNS B-NP
+in IN B-PP
+several JJ B-NP
+parts NNS I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+, , O
+so RB B-SBAR
+that IN I-SBAR
+a DT B-NP
+breakdown NN I-NP
+at IN B-PP
+one CD B-NP
+location NN I-NP
+should MD B-VP
+n't RB I-VP
+leave VB I-VP
+customers NNS B-NP
+in IN B-PP
+a DT B-NP
+total JJ I-NP
+pinch NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+certainly RB B-ADVP
+good JJ B-NP
+news NN I-NP
+for IN B-PP
+such JJ B-NP
+companies NNS I-NP
+as IN B-PP
+Compaq NNP B-NP
+Computer NNP I-NP
+Corp. NNP I-NP
+, , O
+Houston NNP B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+only RB B-NP
+a DT I-NP
+four-day JJ I-NP
+supply NN I-NP
+of IN B-PP
+microprocessors NNS B-NP
+from IN B-PP
+the DT B-NP
+Valley NNP I-NP
+on IN B-PP
+hand NN B-NP
+because IN B-PP
+of IN I-PP
+a DT B-NP
+just-in-time JJ I-NP
+manufacturing NN I-NP
+approach NN I-NP
+that IN B-NP
+limits VBZ B-VP
+the DT B-NP
+buildup NN I-NP
+of IN B-PP
+inventory NN B-NP
+. . O
+
+Compaq NNP B-NP
+said VBD B-VP
+it PRP B-NP
+foresees VBZ B-VP
+no DT B-NP
+difficulties NNS I-NP
+in IN B-PP
+obtaining VBG B-VP
+parts NNS B-NP
+in IN B-PP
+the DT B-NP
+immediate JJ I-NP
+future NN I-NP
+. . O
+
+Computer NN B-NP
+makers NNS I-NP
+were VBD B-VP
+scrambling VBG I-VP
+to TO I-VP
+help VB I-VP
+customers NNS B-NP
+recover VB B-VP
+from IN B-PP
+the DT B-NP
+disaster NN I-NP
+. . O
+
+Digital NNP B-NP
+Equipment NNP I-NP
+has VBZ B-VP
+set VBN I-VP
+up IN B-PRT
+disaster-recovery JJ B-NP
+response NN I-NP
+centers NNS I-NP
+in IN B-PP
+Dallas NNP B-NP
+, , O
+Atlanta NNP B-NP
+and CC O
+Colorado NNP B-NP
+Springs NNP I-NP
+, , O
+Colo NNP B-NP
+. . O
+
+These DT B-NP
+units NNS I-NP
+were VBD B-VP
+handling NN I-VP
+calls VBZ B-NP
+both DT O
+from IN B-PP
+people NNS B-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+and CC B-PP
+from IN B-PP
+computers NNS B-NP
+themselves PRP O
+, , O
+which WDT B-NP
+are VBP B-VP
+set VBN I-VP
+to TO I-VP
+dial VB I-VP
+Digital NNP B-NP
+automatically RB B-ADVP
+when WRB B-ADVP
+trouble NN B-NP
+arises VBZ B-VP
+. . O
+
+They PRP B-NP
+then RB B-ADVP
+run VBP B-VP
+remotely RB B-NP
+controlled VBN I-NP
+self-diagnostic JJ I-NP
+programs NNS I-NP
+. . O
+
+Digital NNP B-NP
+also RB B-ADVP
+said VBD B-VP
+it PRP B-NP
+has VBZ B-VP
+dispatched VBN I-VP
+teams NNS B-NP
+of IN B-PP
+technicians NNS B-NP
+to TO B-PP
+California NNP B-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+several JJ B-NP
+other JJ I-NP
+major JJ I-NP
+installations NNS I-NP
+around IN B-PP
+the DT B-NP
+Valley NNP I-NP
+-- : O
+America NNP B-NP
+'s POS B-NP
+center NN I-NP
+of IN B-PP
+high-tech JJ B-NP
+-- : O
+said VBD B-VP
+they PRP B-NP
+, , O
+too RB B-ADVP
+, , O
+fared VBD B-VP
+as RB B-ADVP
+well RB I-ADVP
+as IN B-SBAR
+could MD B-VP
+be VB I-VP
+expected VBN I-VP
+. . O
+
+Lawrence NNP B-NP
+Livermore NNP I-NP
+National NNP I-NP
+Laboratory NNP I-NP
+, , O
+where WRB B-ADVP
+the DT B-NP
+Energy NNP I-NP
+Department NNP I-NP
+tests NNS B-VP
+and CC O
+conducts VBZ B-VP
+research NN B-NP
+on IN B-PP
+nuclear JJ B-NP
+weapons NNS I-NP
+, , O
+had VBD B-VP
+only RB B-ADVP
+`` `` O
+superficial JJ B-NP
+damage NN I-NP
+, , O
+'' '' O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+At IN B-PP
+Lockheed NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+missiles NNS I-NP
+and CC I-NP
+space NN I-NP
+systems NNS I-NP
+group VBP I-NP
+in IN B-PP
+Sunnyvale NNP B-NP
+, , O
+about IN B-NP
+40 CD I-NP
+miles NNS I-NP
+south RB B-ADVP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+workers NNS B-NP
+were VBD B-VP
+asked VBN I-VP
+to TO B-VP
+head VB I-VP
+to TO B-PP
+work VB B-NP
+yesterday NN B-NP
+after IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+realized VBN I-VP
+that IN B-SBAR
+`` `` O
+there EX B-NP
+were VBD B-VP
+no DT B-NP
+show-stoppers NNS I-NP
+'' '' O
+in IN B-PP
+the DT B-NP
+150-plus JJ I-NP
+buildings NNS I-NP
+on IN B-PP
+its PRP$ B-NP
+one-square-mile JJ I-NP
+campus NN I-NP
+. . O
+
+Several JJ B-NP
+engineering NN I-NP
+and CC I-NP
+research NN I-NP
+offices NNS I-NP
+needed VBN B-VP
+closer JJR B-NP
+scrutiny NN I-NP
+to TO B-VP
+make VB I-VP
+sure JJ B-ADJP
+they PRP B-NP
+were VBD B-VP
+n't RB O
+in IN B-PP
+danger NN B-NP
+of IN B-PP
+crumbling VBG B-NP
+, , O
+but CC O
+`` `` O
+the DT B-NP
+bulk NN I-NP
+of IN B-PP
+the DT B-NP
+place NN I-NP
+is VBZ B-VP
+in IN B-PP
+pretty RB B-NP
+good JJ I-NP
+shape NN I-NP
+, , O
+'' '' O
+an DT B-NP
+official NN I-NP
+said VBD B-VP
+. . O
+
+One CD B-NP
+of IN B-PP
+Lockheed NNP B-NP
+'s POS B-NP
+most RBS B-ADJP
+lucrative JJ I-ADJP
+sectors NNS B-NP
+-- : O
+accounting NN B-VP
+for IN B-PP
+more JJR O
+than IN O
+half PDT O
+the DT B-NP
+aerospace NN I-NP
+company NN I-NP
+'s POS B-NP
+$ $ I-NP
+10.59 CD I-NP
+billion CD I-NP
+in IN B-PP
+sales NNS B-NP
+in IN B-PP
+1988 CD B-NP
+-- : O
+the DT B-NP
+missiles NNS I-NP
+and CC I-NP
+space NN I-NP
+group NN I-NP
+is VBZ B-VP
+the DT B-NP
+prime JJ I-NP
+Pentagon NNP I-NP
+contractor NN I-NP
+on IN B-PP
+the DT B-NP
+Trident NNP I-NP
+II NNP I-NP
+ballistic JJ I-NP
+missile NN I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+generates VBZ B-VP
+pieces NNS B-NP
+of IN B-PP
+the DT B-NP
+missile NN I-NP
+shield NN I-NP
+called VBD B-VP
+the DT B-NP
+Strategic NNP I-NP
+Defense NNP I-NP
+Initiative NNP I-NP
+. . O
+
+Fortunately RB B-ADVP
+, , O
+the DT B-NP
+Hubble NNP I-NP
+Space NNP I-NP
+Telescope NNP I-NP
+-- : O
+set VBN B-VP
+to TO I-VP
+be VB I-VP
+launched VBN I-VP
+on IN B-PP
+the DT B-NP
+shuttle NN I-NP
+next JJ B-NP
+year NN I-NP
+in IN B-PP
+a DT B-NP
+search NN I-NP
+for IN B-PP
+distant JJ B-NP
+solar JJ I-NP
+systems NNS I-NP
+and CC O
+light NN B-NP
+emitted VBN B-VP
+14 CD B-NP
+billion CD I-NP
+years NNS I-NP
+ago RB B-ADVP
+from IN B-PP
+the DT B-NP
+farthest JJS I-NP
+reaches NNS I-NP
+of IN B-PP
+the DT B-NP
+universe NN I-NP
+-- : O
+was VBD B-VP
+moved VBN I-VP
+from IN B-PP
+Sunnyvale NNP B-NP
+to TO B-PP
+the DT B-NP
+Kennedy NNP I-NP
+Space NNP I-NP
+Center NNP I-NP
+in IN B-PP
+Florida NNP B-NP
+at IN B-PP
+the DT B-NP
+beginning NN I-NP
+of IN B-PP
+October NNP B-NP
+. . O
+
+John NNP B-NP
+R. NNP I-NP
+Wilke NNP I-NP
+contribued VBD B-VP
+to TO B-PP
+this DT B-NP
+article NN I-NP
+. . O
+
+Michael NNP B-NP
+Maynard NNP I-NP
+offered VBD B-VP
+the DT B-NP
+world NN I-NP
+a DT B-NP
+faster JJR I-NP
+way NN I-NP
+to TO B-VP
+break VB I-VP
+eggs NNS B-NP
+. . O
+
+As IN B-PP
+thanks NNS B-NP
+, , O
+the DT B-NP
+egg NN I-NP
+industry NN I-NP
+tried VBD B-VP
+to TO I-VP
+break VB I-VP
+him PRP B-NP
+. . O
+
+And CC O
+the DT B-NP
+egg NN I-NP
+producers NNS I-NP
+have VBP B-VP
+done VBN I-VP
+a DT B-NP
+pretty RB I-NP
+good JJ I-NP
+job NN I-NP
+. . O
+
+They PRP B-NP
+tried VBD B-VP
+to TO I-VP
+put VB I-VP
+Mr. NNP B-NP
+Maynard NNP I-NP
+out IN B-ADJP
+of IN B-PP
+business NN B-NP
+by IN B-PP
+an DT B-NP
+act NN I-NP
+of IN B-PP
+Congress NNP B-NP
+. . O
+
+Egg-industry NN B-NP
+lobbying VBG I-NP
+helped VBN B-VP
+persuade VB I-VP
+six CD B-NP
+states NNS I-NP
+to TO B-VP
+ban VB I-VP
+Mr. NNP B-NP
+Maynard NNP I-NP
+'s POS B-NP
+automatic JJ I-NP
+egg-breaking NN I-NP
+machine NN I-NP
+because IN B-PP
+of IN I-PP
+fears NNS B-NP
+over IN B-PP
+salmonella NN B-NP
+. . O
+
+His PRP$ B-NP
+company NN I-NP
+, , O
+Misa NNP B-NP
+Manufacturing NNP I-NP
+Inc. NNP I-NP
+, , O
+was VBD B-VP
+forced VBN I-VP
+to TO I-VP
+seek VB I-VP
+protection NN B-NP
+from IN B-PP
+creditors NNS B-NP
+under IN B-PP
+federal JJ B-NP
+bankruptcy NN I-NP
+law NN I-NP
+in IN B-PP
+1987 CD B-NP
+and CC O
+has VBZ B-VP
+since IN I-VP
+been VBN I-VP
+liquidated VBN I-VP
+. . O
+
+Monthly JJ B-NP
+sales NNS I-NP
+of IN B-PP
+his PRP$ B-NP
+Egg NNP I-NP
+King NNP I-NP
+machine NN I-NP
+-- : O
+which WDT B-NP
+he PRP B-NP
+now RB B-ADVP
+is VBZ B-VP
+marketing VBG I-VP
+through IN B-PP
+a DT B-NP
+new JJ I-NP
+company NN I-NP
+-- : O
+have VBP B-VP
+sunk VBN I-VP
+to TO B-PP
+about IN B-NP
+half PDT I-NP
+a DT I-NP
+dozen NN I-NP
+from IN B-PP
+a DT B-NP
+peak NN I-NP
+of IN B-PP
+75 CD B-NP
+, , O
+says VBZ B-VP
+the DT B-NP
+46-year-old JJ I-NP
+businessman NN I-NP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+is VBZ B-VP
+n't RB O
+the DT B-NP
+first JJ I-NP
+entrepreneur NN I-NP
+to TO B-VP
+bump VB I-VP
+up IN B-PRT
+against IN B-PP
+entrenched VBN B-NP
+interests NNS I-NP
+. . O
+
+But CC O
+his PRP$ B-NP
+case NN I-NP
+is VBZ B-VP
+notable JJ B-ADJP
+both DT O
+for IN B-PP
+the DT B-NP
+scale NN I-NP
+of IN B-PP
+the DT B-NP
+fight NN I-NP
+-- : O
+it PRP B-NP
+is VBZ B-VP
+n't RB O
+often RB B-ADVP
+that IN B-ADVP
+a DT B-NP
+congressional JJ I-NP
+hearing NN I-NP
+is VBZ B-VP
+held VBN I-VP
+to TO B-VP
+determine VB I-VP
+whether IN B-SBAR
+one CD B-NP
+small JJ I-NP
+businessman NN I-NP
+is VBZ B-VP
+a DT B-NP
+threat NN I-NP
+to TO B-PP
+the DT B-NP
+republic NN I-NP
+-- : O
+and CC B-PP
+for IN B-PP
+what WP B-NP
+it PRP B-NP
+tells VBZ B-VP
+about IN B-PP
+the DT B-NP
+pitfalls NNS I-NP
+of IN B-PP
+marketing VBG B-VP
+a DT B-NP
+new JJ I-NP
+product NN I-NP
+. . O
+
+Now RB B-ADVP
+one PRP B-NP
+might MD B-VP
+ask VB I-VP
+why WRB B-ADVP
+people NNS B-NP
+who WP B-NP
+sell VBP B-VP
+eggs NNS B-NP
+would MD B-VP
+fight VB I-VP
+someone NN B-NP
+who WP B-NP
+is VBZ B-VP
+trying VBG I-VP
+to TO I-VP
+make VB I-VP
+it PRP B-NP
+easier JJR B-ADJP
+to TO B-VP
+crack VB I-VP
+them PRP B-NP
+. . O
+
+Part NN B-NP
+of IN B-PP
+the DT B-NP
+answer NN I-NP
+lies VBZ B-VP
+in IN B-PP
+the DT B-NP
+nature NN I-NP
+of IN B-PP
+the DT B-NP
+industry NN I-NP
+. . O
+
+Many RB B-NP
+larger JJR I-NP
+egg NN I-NP
+producers NNS I-NP
+are VBP B-VP
+also RB B-ADVP
+egg NN B-NP
+processors NNS I-NP
+, , O
+who WP B-NP
+crack VBP B-VP
+, , I-VP
+inspect VB I-VP
+, , I-VP
+and CC I-VP
+sanitize VBP I-VP
+billions NNS B-NP
+of IN B-PP
+eggs NNS B-NP
+, , O
+turning VBG B-VP
+them PRP B-NP
+into IN B-PP
+powdered JJ B-NP
+, , I-NP
+liquified JJ I-NP
+or CC I-NP
+frozen VBN I-NP
+egg NN I-NP
+products NNS I-NP
+. . O
+
+However RB B-ADVP
+, , O
+dozens NNS B-NP
+of IN B-PP
+bakers NNS B-NP
+, , O
+restaurant NN B-NP
+chefs NNS I-NP
+and CC O
+other JJ B-NP
+food NN I-NP
+preparers NNS I-NP
+who WP B-NP
+flocked VBD B-VP
+to TO B-PP
+Mr. NNP B-NP
+Maynard NNP I-NP
+'s POS B-NP
+defense NN I-NP
+say VBP B-VP
+that IN B-SBAR
+products NNS B-NP
+ranging VBG B-VP
+from IN B-PP
+egg NN B-NP
+bread NN I-NP
+to TO B-PP
+eclairs NNS B-NP
+lose VBP B-VP
+some DT B-NP
+zip NN I-NP
+when WRB B-ADVP
+the DT B-NP
+eggs NNS I-NP
+come VBP B-VP
+in IN B-PP
+30-pound JJ B-NP
+cans NNS I-NP
+instead RB B-CONJP
+of IN I-CONJP
+shells NNS B-NP
+. . O
+
+But CC O
+for IN B-PP
+companies NNS B-NP
+that IN B-NP
+use NN B-VP
+hundreds NNS B-NP
+of IN B-PP
+eggs NNS B-NP
+a DT B-NP
+day NN I-NP
+, , O
+breaking VBG B-VP
+them PRP B-NP
+by IN B-PP
+hand NN B-NP
+can MD B-VP
+get VB I-VP
+, , O
+well RB B-ADVP
+, , O
+out IN B-ADJP
+of IN B-PP
+hand NN B-NP
+. . O
+
+The DT B-NP
+idea NN I-NP
+behind IN B-PP
+the DT B-NP
+Egg NNP I-NP
+King NNP I-NP
+is VBZ B-VP
+pretty RB B-NP
+simple JJ I-NP
+: : O
+put VB B-VP
+the DT B-NP
+eggs NNS I-NP
+into IN B-PP
+a DT B-NP
+cylinder NN I-NP
+that WDT B-NP
+contains VBZ B-VP
+perforated JJ B-NP
+baskets NNS I-NP
+, , O
+spin VB B-VP
+them PRP B-NP
+at IN B-PP
+a DT B-NP
+high JJ I-NP
+speed NN I-NP
+to TO B-VP
+break VB I-VP
+the DT B-NP
+shells NNS I-NP
+and CC O
+strain VB B-VP
+the DT B-NP
+edible JJ I-NP
+part NN I-NP
+through IN B-PP
+the DT B-NP
+baskets NNS I-NP
+. . O
+
+One CD B-NP
+Egg NNP I-NP
+King NNP I-NP
+-- : O
+which WDT B-NP
+at IN B-PP
+just RB B-ADVP
+under IN I-ADVP
+four CD B-NP
+feet NNS I-NP
+tall JJ B-ADJP
+and CC O
+two CD B-NP
+feet NNS I-NP
+wide JJ B-ADJP
+has VBZ B-VP
+been VBN I-VP
+likened VBN I-VP
+to TO B-PP
+the DT B-NP
+robot NN I-NP
+R2-D2 NN B-NP
+-- : O
+can MD B-VP
+crack VB I-VP
+about IN B-NP
+20,000 CD I-NP
+eggs NNS I-NP
+an DT B-NP
+hour NN I-NP
+. . O
+
+Because IN B-SBAR
+fresh JJ B-NP
+eggs NNS I-NP
+are VBP B-VP
+less RBR B-ADJP
+expensive JJ I-ADJP
+than IN B-PP
+processed VBN B-NP
+ones NNS I-NP
+, , O
+a DT B-NP
+big JJ I-NP
+egg NN I-NP
+user NN I-NP
+can MD B-VP
+recover VB I-VP
+the DT B-NP
+Egg NNP I-NP
+King NNP I-NP
+'s POS B-NP
+$ $ B-ADJP
+3,390 CD O
+cost NN B-NP
+in IN B-PP
+a DT B-NP
+few JJ I-NP
+months NNS I-NP
+, , O
+says VBZ B-VP
+Mr. NNP B-NP
+Maynard NNP I-NP
+. . O
+
+Such JJ B-NP
+centrifugal JJ I-NP
+egg NN I-NP
+breakers NNS I-NP
+have VBP B-VP
+been VBN I-VP
+around IN B-ADJP
+since IN B-PP
+the DT B-NP
+1890s CD I-NP
+. . O
+
+But CC O
+when WRB B-ADVP
+Mr. NNP B-NP
+Maynard NNP I-NP
+came VBD B-VP
+forward RB B-ADVP
+with IN B-PP
+his PRP$ B-NP
+machine NN I-NP
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+1970s NNS I-NP
+nobody NN B-NP
+else RB B-ADJP
+was VBD B-VP
+offering VBG I-VP
+them PRP B-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+. . O
+
+The DT B-NP
+main JJ I-NP
+reason NN I-NP
+: : O
+salmonella NN B-NP
+. . O
+
+Chickens NNS B-NP
+carry VBP B-VP
+this DT B-NP
+bacteria NNS I-NP
+, , O
+which WDT B-NP
+can MD B-VP
+cause VB I-VP
+upset VBN B-NP
+stomachs NNS I-NP
+and CC O
+, , O
+in IN B-PP
+rare JJ B-NP
+cases NNS I-NP
+, , O
+death NN B-NP
+among IN B-PP
+people NNS B-NP
+. . O
+
+Hens NNS B-NP
+sometimes RB B-ADVP
+pass VBP B-VP
+salmonella NN B-NP
+to TO B-PP
+the DT B-NP
+eggs NNS I-NP
+, , O
+and CC O
+it PRP B-NP
+can MD B-VP
+also RB I-VP
+be VB I-VP
+found VBN I-VP
+on IN B-PP
+unclean JJ B-NP
+shells NNS I-NP
+. . O
+
+Thus RB B-ADVP
+, , O
+any DT B-NP
+machine NN I-NP
+that IN B-NP
+breaks VBZ B-VP
+large JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+eggs NNS B-NP
+at IN B-ADVP
+once RB I-ADVP
+has VBZ B-VP
+the DT B-NP
+potential JJ I-NP
+to TO B-VP
+spread VB I-VP
+salmonella NN B-NP
+if IN B-SBAR
+a DT B-NP
+bad JJ I-NP
+egg NN I-NP
+gets VBZ B-VP
+in IN B-ADJP
+with IN B-PP
+the DT B-NP
+good JJ I-NP
+ones NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+claims VBZ B-VP
+this DT B-NP
+is VBZ B-VP
+a DT B-NP
+manageable JJ I-NP
+problem NN I-NP
+. . O
+
+The DT B-NP
+Egg NNP I-NP
+King NNP I-NP
+carries VBZ B-VP
+written VBN B-NP
+instructions NNS I-NP
+to TO B-VP
+break VB I-VP
+only RB B-NP
+high-grade JJ I-NP
+eggs NNS I-NP
+that WDT B-NP
+have VBP B-VP
+been VBN I-VP
+properly RB I-VP
+sanitized VBN I-VP
+and CC O
+, , O
+as IN B-PP
+an DT B-NP
+added VBN I-NP
+precaution NN I-NP
+, , B-VP
+to TO I-VP
+use VB B-VP
+the DT B-NP
+eggs NNS I-NP
+only RB B-ADVP
+in IN B-PP
+products NNS B-NP
+that WDT B-NP
+will MD B-VP
+be VB I-VP
+cooked VBN I-VP
+enough RB B-ADVP
+to TO B-VP
+kill VB I-VP
+bacteria NNS B-NP
+. . O
+
+With IN B-SBAR
+nearly RB B-NP
+4,000 CD I-NP
+machines NNS I-NP
+in IN B-PP
+use NN B-NP
+, , O
+there EX B-NP
+have VBP B-VP
+been VBN I-VP
+no DT B-NP
+salmonella NN I-NP
+problems NNS I-NP
+as RB B-ADVP
+long RB I-ADVP
+as IN B-SBAR
+instructions NNS B-NP
+were VBD B-VP
+followed VBN I-VP
+, , O
+Mr. NNP B-NP
+Maynard NNP I-NP
+boasts VBZ B-VP
+. . O
+
+He PRP B-NP
+says VBZ B-VP
+the DT B-NP
+handful NN I-NP
+of IN B-PP
+salmonella NN B-NP
+cases NNS I-NP
+involving VBG B-VP
+products NNS B-NP
+that WDT B-NP
+may MD B-VP
+have VB I-VP
+used VBN I-VP
+eggs NNS B-NP
+broken VBN B-VP
+by IN B-PP
+an DT B-NP
+Egg NNP I-NP
+King NNP I-NP
+stemmed VBD B-VP
+from IN B-PP
+a DT B-NP
+failure NN I-NP
+to TO B-VP
+adequately RB I-VP
+cook VBP I-VP
+the DT B-NP
+products NNS I-NP
+. . O
+
+But CC O
+he PRP B-NP
+says VBZ B-VP
+that DT B-NP
+'s VBZ B-VP
+no DT B-NP
+more JJR I-NP
+a DT I-NP
+reason NN I-NP
+for IN B-PP
+banning VBG B-VP
+Egg NNP B-NP
+Kings NNP I-NP
+than IN B-SBAR
+bad JJ B-NP
+drivers NNS I-NP
+are VBP B-VP
+a DT B-NP
+reason NN I-NP
+for IN B-PP
+banning VBG B-VP
+cars NNS B-NP
+. . O
+
+Opponents NNS B-NP
+do VBP B-VP
+n't RB I-VP
+buy VB I-VP
+such JJ B-NP
+arguments NNS I-NP
+. . O
+
+`` `` O
+Human NNP B-NP
+nature NN I-NP
+being VBG B-VP
+what WP B-NP
+it PRP B-NP
+is VBZ B-VP
+, , O
+people NNS B-NP
+do VBP B-VP
+n't RB I-VP
+always RB I-VP
+follow VB I-VP
+instructions NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jack NNP B-NP
+Guzewich NNP I-NP
+, , O
+chief NN B-NP
+of IN B-PP
+food NN B-NP
+protection NN I-NP
+for IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+state NN I-NP
+Health NNP I-NP
+Department NNP I-NP
+. . O
+
+Leading VBG B-VP
+the DT B-NP
+assault NN I-NP
+against IN B-PP
+the DT B-NP
+Egg NNP I-NP
+King NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+United NNP B-NP
+Egg NNP I-NP
+Producers NNS I-NP
+. . O
+
+The DT B-NP
+Decatur NNP I-NP
+, , I-NP
+Ga. NNP I-NP
+, , I-NP
+trade NN I-NP
+group NN I-NP
+has VBZ B-VP
+issued VBN I-VP
+a DT B-NP
+`` `` I-NP
+briefing NN I-NP
+book NN I-NP
+'' '' O
+that IN B-NP
+claims VBZ B-VP
+the DT B-NP
+machine NN I-NP
+is VBZ B-VP
+`` `` O
+a DT B-NP
+health NN I-NP
+hazard NN I-NP
+'' '' O
+and CC O
+that IN B-SBAR
+Mr. NNP B-NP
+Maynard NNP I-NP
+is VBZ B-VP
+trying VBG I-VP
+`` `` O
+to TO B-VP
+make VB I-VP
+a DT B-NP
+fast JJ I-NP
+buck NN I-NP
+at IN B-PP
+the DT B-NP
+expense NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+egg NN I-NP
+producers NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+UEP NNP I-NP
+declines NNS B-VP
+to TO I-VP
+comment VB I-VP
+, , O
+but CC O
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+attorney NN I-NP
+, , O
+Alfred NNP B-NP
+Frawley NNP I-NP
+, , O
+says VBZ B-VP
+the DT B-NP
+group NN I-NP
+'s POS B-NP
+actions NNS I-NP
+are VBP B-VP
+motivated VBN I-VP
+solely RB B-ADVP
+by IN B-PP
+`` `` O
+health NN B-NP
+concerns NNS I-NP
+. . O
+'' '' O
+
+An DT B-NP
+early JJ I-NP
+battleground NN I-NP
+was VBD B-VP
+the DT B-NP
+U.S. NNP I-NP
+Department NNP I-NP
+of IN B-PP
+Agriculture NNP B-NP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+initially RB B-ADVP
+won VBD B-VP
+approval NN B-NP
+for IN B-SBAR
+his PRP$ B-NP
+machine NN I-NP
+to TO B-VP
+be VB I-VP
+used VBN I-VP
+at IN B-PP
+egg-processing JJ B-NP
+facilities NNS I-NP
+regulated VBN B-VP
+by IN B-PP
+the DT B-NP
+USDA NNP I-NP
+'s POS B-NP
+Food NNP I-NP
+Safety NNP I-NP
+Inspection NNP I-NP
+Service NNP I-NP
+. . O
+
+Unfortunately RB B-ADVP
+for IN B-PP
+Mr. NNP B-NP
+Maynard NNP I-NP
+, , O
+another DT B-NP
+branch NN I-NP
+of IN B-PP
+the DT B-NP
+USDA NNP I-NP
+, , O
+the DT B-NP
+Agricultural NNP I-NP
+Marketing NNP I-NP
+Service NNP I-NP
+, , O
+was VBD B-VP
+in IN B-PP
+charge NN B-NP
+of IN B-PP
+eggs NNS B-NP
+. . O
+
+After IN B-PP
+receiving VBG B-VP
+complaints NNS B-NP
+from IN B-PP
+egg NN B-NP
+producers NNS I-NP
+, , O
+this DT B-NP
+branch NN I-NP
+got VBD B-VP
+the DT B-NP
+other JJ I-NP
+branch NN I-NP
+to TO B-VP
+rescind VB I-VP
+its PRP$ B-NP
+approval NN I-NP
+, , O
+thus RB B-ADVP
+limiting VBG B-VP
+the DT B-NP
+machine NN I-NP
+'s POS B-NP
+potential JJ I-NP
+market NN I-NP
+to TO B-PP
+bakeries NNS B-NP
+and CC O
+restaurants NNS B-NP
+and CC O
+other JJ B-NP
+establishments NNS I-NP
+that WDT B-NP
+are VBP B-VP
+n't RB I-VP
+regulated VBN I-VP
+by IN B-PP
+the DT B-NP
+USDA NNP I-NP
+. . O
+
+The DT B-NP
+egg NN I-NP
+producers NNS I-NP
+also RB B-ADVP
+lobbied VBD B-VP
+the DT B-NP
+Food NNP I-NP
+and CC I-NP
+Drug NNP I-NP
+Administration NNP I-NP
+. . O
+
+But CC O
+the DT B-NP
+FDA NNP I-NP
+in IN B-PP
+a DT B-NP
+1985 CD I-NP
+letter NN I-NP
+to TO B-PP
+the DT B-NP
+United NNP I-NP
+Egg NNP I-NP
+Producers NNS I-NP
+said VBD B-VP
+that IN B-SBAR
+there EX B-NP
+was VBD B-VP
+`` `` O
+little JJ B-NP
+likelihood NN I-NP
+'' '' O
+of IN B-PP
+a DT B-NP
+health NN I-NP
+problem NN I-NP
+as RB B-ADVP
+long RB I-ADVP
+as IN B-SBAR
+instructions NNS B-NP
+were VBD B-VP
+followed VBN I-VP
+. . O
+
+So RB O
+the DT B-NP
+producers NNS I-NP
+went VBD B-VP
+to TO B-PP
+Capitol NNP B-NP
+Hill NNP I-NP
+, , O
+where WRB B-ADVP
+a DT B-NP
+congressman NN I-NP
+from IN B-PP
+Georgia NNP B-NP
+introduced VBD B-VP
+a DT B-NP
+measure NN I-NP
+to TO B-VP
+ban VB I-VP
+centrifugal JJ B-NP
+egg-breaking NN I-NP
+machines NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+, , O
+whose WP$ B-NP
+company NN I-NP
+at IN B-PP
+the DT B-NP
+time NN I-NP
+was VBD B-VP
+based VBN I-VP
+in IN B-PP
+Santa NNP B-NP
+Ana NNP I-NP
+, , O
+Calif. NNP B-NP
+, , O
+enlisted VBD B-VP
+his PRP$ B-NP
+local JJ I-NP
+congressman NN I-NP
+, , O
+and CC O
+the DT B-NP
+battle NN I-NP
+was VBD B-VP
+joined VBN I-VP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+'s POS B-NP
+forces NNS I-NP
+finally RB B-ADVP
+defeated VBN B-VP
+the DT B-NP
+measure NN I-NP
+, , O
+though IN B-SBAR
+it PRP B-NP
+took VBD B-VP
+a DT B-NP
+vote NN I-NP
+on IN B-PP
+the DT B-NP
+floor NN I-NP
+of IN B-PP
+the DT B-NP
+House NNP I-NP
+of IN B-PP
+Representatives NNPS B-NP
+to TO B-VP
+do VB I-VP
+it PRP B-NP
+. . O
+
+Even RB B-ADVP
+then RB I-ADVP
+, , O
+opponents NNS B-NP
+managed VBD B-VP
+to TO I-VP
+get VB I-VP
+a DT B-NP
+congressional JJ I-NP
+hearing NN I-NP
+to TO B-VP
+examine VB I-VP
+what WP B-NP
+one CD B-NP
+congressman NN I-NP
+called VBD B-VP
+an DT B-NP
+`` `` I-NP
+unscrupulous JJ I-NP
+'' '' I-NP
+method NN I-NP
+for IN B-PP
+breaking VBG B-VP
+eggs NNS B-NP
+. . O
+
+Foiled VBN B-VP
+in IN B-PP
+their PRP$ B-NP
+effort NN I-NP
+to TO B-VP
+get VB I-VP
+a DT B-NP
+national JJ I-NP
+ban NN I-NP
+, , O
+the DT B-NP
+egg NN I-NP
+producers NNS I-NP
+turned VBD B-VP
+their PRP$ B-NP
+attention NN I-NP
+to TO B-PP
+the DT B-NP
+states NNS I-NP
+. . O
+
+So RB B-ADVP
+far RB I-ADVP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+New NNP B-NP
+Jersey NNP I-NP
+, , O
+Nebraska NNP B-NP
+, , O
+Georgia NNP B-NP
+, , O
+Michigan NNP B-NP
+and CC O
+Minnesota NNP B-NP
+have VBP B-VP
+outlawed VBN I-VP
+Mr. NNP B-NP
+Maynard NNP I-NP
+'s POS B-NP
+device NN I-NP
+, , O
+citing VBG B-VP
+health NN B-NP
+concerns NNS I-NP
+. . O
+
+An DT B-NP
+antitrust JJ I-NP
+suit NN I-NP
+that IN B-NP
+Mr. NNP B-NP
+Maynard NNP I-NP
+'s POS B-NP
+company NN I-NP
+filed VBN B-VP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+federal JJ I-NP
+court NN I-NP
+against IN B-PP
+the DT B-NP
+United NNP I-NP
+Egg NNP I-NP
+Producers NNS I-NP
+and CC O
+others NNS B-NP
+only RB B-ADVP
+added VBD B-VP
+to TO B-PP
+the DT B-NP
+entrepreneur NN I-NP
+'s POS B-NP
+woes NNS I-NP
+. . O
+
+The DT B-NP
+judge NN I-NP
+dismissed VBD B-VP
+the DT B-NP
+suit NN I-NP
+and CC O
+ordered VBD B-VP
+Mr. NNP B-NP
+Maynard NNP I-NP
+'s POS B-NP
+company NN I-NP
+to TO B-VP
+pay VB I-VP
+over IN B-NP
+$ $ I-NP
+100,000 CD I-NP
+in IN B-PP
+legal JJ B-NP
+fees NNS I-NP
+to TO B-PP
+the DT B-NP
+defendants NNS I-NP
+' POS B-NP
+lawyers NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+says VBZ B-VP
+the DT B-NP
+ruling NN I-NP
+pushed VBD B-VP
+his PRP$ B-NP
+company NN I-NP
+into IN B-PP
+bankruptcy NN B-NP
+court NN I-NP
+. . O
+
+Now RB B-ADVP
+he PRP B-NP
+has VBZ B-VP
+moved VBN I-VP
+to TO B-PP
+Oklahoma NNP B-NP
+where WRB B-ADVP
+costs NNS B-NP
+are VBP B-VP
+lower JJR B-ADJP
+, , O
+and CC O
+started VBD B-VP
+a DT B-NP
+new JJ I-NP
+company NN I-NP
+, , O
+Adsi NNP B-NP
+Inc. NNP I-NP
+, , O
+to TO B-VP
+market VB I-VP
+his PRP$ B-NP
+machine NN I-NP
+. . O
+
+But CC O
+, , O
+so RB B-ADVP
+far RB I-ADVP
+, , O
+the DT B-NP
+change NN I-NP
+of IN B-PP
+scenery NN B-NP
+has VBZ B-VP
+n't RB I-VP
+ended VBN I-VP
+his PRP$ B-NP
+string NN I-NP
+of IN B-PP
+bad JJ B-NP
+breaks NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Maynard NNP I-NP
+recently RB B-ADVP
+fell VBD B-VP
+from IN B-PP
+a DT B-NP
+horse NN I-NP
+and CC O
+fractured VBN B-VP
+his PRP$ B-NP
+arm NN I-NP
+. . O
+
+Michelle NNP B-NP
+Pfeiffer NNP I-NP
+ca MD B-VP
+n't RB I-VP
+chew VB I-VP
+gum NN B-NP
+and CC O
+sing VB B-VP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+. . O
+
+But CC O
+on IN B-PP
+the DT B-NP
+evidence NN I-NP
+of IN B-PP
+`` `` O
+The DT B-NP
+Fabulous NNP I-NP
+Baker NNP I-NP
+Boys NNPS I-NP
+, , O
+'' '' O
+that WDT B-NP
+may MD B-VP
+be VB I-VP
+the DT B-NP
+only JJ I-NP
+thing NN I-NP
+she PRP B-NP
+ca MD B-VP
+n't RB I-VP
+do VB I-VP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+when WRB B-ADVP
+she PRP B-NP
+'s VBZ B-VP
+acting VBG I-VP
+in IN B-PP
+movies NNS B-NP
+. . O
+
+As IN B-PP
+the DT B-NP
+tough JJ I-NP
+, , I-NP
+slinky JJ I-NP
+lounge NN I-NP
+chanteuse NN I-NP
+in IN B-PP
+`` `` O
+The DT B-NP
+Fabulous NNP I-NP
+Baker NNP I-NP
+Boys NNPS I-NP
+, , O
+'' '' O
+Ms. NNP B-NP
+Pfeiffer NNP I-NP
+sings VBZ B-VP
+for IN B-PP
+herself PRP B-NP
+, , O
+and CC O
+more JJR B-ADVP
+than IN I-ADVP
+passably RB I-ADVP
+well RB I-ADVP
+. . O
+
+Her PRP$ B-NP
+Susie NNP I-NP
+Diamond NNP I-NP
+handles VBZ B-VP
+a DT B-NP
+song NN I-NP
+the DT B-NP
+way NN I-NP
+the DT B-NP
+greats NNS I-NP
+do VBP B-VP
+, , O
+like IN B-SBAR
+she PRP B-NP
+'s VBZ B-VP
+hearing VBG I-VP
+the DT B-NP
+way NN I-NP
+it PRP B-NP
+should MD B-VP
+sound VB I-VP
+inside IN B-PP
+her PRP$ B-NP
+head NN I-NP
+and CC O
+she PRP B-NP
+'s VBZ B-VP
+concentrating VBG I-VP
+on IN B-PP
+matching VBG B-VP
+that IN B-NP
+internal JJ I-NP
+tone NN I-NP
+. . O
+
+Yet RB O
+her PRP$ B-NP
+intensity NN I-NP
+stops VBZ B-VP
+and CC I-VP
+starts VBZ I-VP
+with IN B-PP
+the DT B-NP
+music NN I-NP
+. . O
+
+When WRB B-ADVP
+she PRP B-NP
+is VBZ B-VP
+n't RB I-VP
+performing VBG I-VP
+for IN B-PP
+an DT B-NP
+audience NN I-NP
+, , O
+she PRP B-NP
+prepares VBZ B-VP
+for IN B-PP
+a DT B-NP
+song NN I-NP
+by IN B-PP
+removing VBG B-VP
+the DT B-NP
+wad NN I-NP
+of IN B-PP
+gum NN B-NP
+from IN B-PP
+her PRP$ B-NP
+mouth NN I-NP
+, , O
+and CC O
+indicates VBZ B-VP
+that IN B-SBAR
+she PRP B-NP
+'s VBZ B-VP
+finished VBN I-VP
+by IN B-PP
+sticking VBG B-VP
+the DT B-NP
+gum NN I-NP
+back RB B-ADVP
+in RB B-PP
+. . O
+
+Like IN B-PP
+almost JJ B-NP
+everything NN I-NP
+in IN B-PP
+this DT B-NP
+wonderfully RB I-NP
+romantic JJ I-NP
+and CC I-NP
+edgy JJ I-NP
+movie NN I-NP
+, , O
+Ms. NNP B-NP
+Pfeiffer NNP I-NP
+'s POS B-NP
+Susie NNP I-NP
+seems VBZ B-VP
+like IN B-PP
+someone NN B-NP
+you PRP B-NP
+'ve VBP B-VP
+seen VBN I-VP
+before RB B-ADVP
+, , O
+in IN B-PP
+numerous JJ B-NP
+show-biz NN I-NP
+stories NNS I-NP
+-LRB- ( O
+even RB B-NP
+her PRP$ I-NP
+name NN I-NP
+, , O
+Susie NNP B-NP
+Diamond NNP I-NP
+, , O
+sounds VBZ B-VP
+like IN B-PP
+a DT B-NP
+character NN I-NP
+Marilyn NNP B-NP
+Monroe NNP I-NP
+must MD B-VP
+have VB I-VP
+played VBN I-VP
+-RRB- ) O
+. . O
+
+Yet RB O
+nothing NN B-NP
+about IN B-PP
+`` `` O
+Baker NNP B-NP
+Boys NNPS I-NP
+, , O
+'' '' O
+and CC O
+certainly RB B-ADVP
+nothing NN B-NP
+about IN B-PP
+Ms. NNP B-NP
+Pfeiffer NNP I-NP
+, , O
+really RB B-ADVP
+is VBZ B-VP
+like IN B-PP
+something NN B-NP
+from IN B-PP
+the DT B-NP
+video NN I-NP
+vault NN I-NP
+. . O
+
+Steve NNP B-NP
+Kloves NNP I-NP
+, , O
+the DT B-NP
+young JJ I-NP
+writer NN I-NP
+and CC I-NP
+director NN I-NP
+-LRB- ( O
+he PRP B-NP
+is VBZ B-VP
+n't RB O
+yet RB B-ADVP
+30 CD B-NP
+-RRB- ) O
+, , O
+has VBZ B-VP
+only RB B-NP
+one CD I-NP
+produced VBN I-NP
+picture NN I-NP
+to TO B-PP
+his PRP$ B-NP
+credit NN I-NP
+; : O
+he PRP B-NP
+wrote VBD B-VP
+the DT B-NP
+screenplay NN I-NP
+for IN B-PP
+`` `` O
+Racing NNP B-VP
+With IN B-PP
+the DT B-NP
+Moon NNP I-NP
+, , O
+'' '' O
+a DT B-NP
+lovely JJ I-NP
+coming-of-age JJ I-NP
+picture NN I-NP
+set VBN B-VP
+in IN B-PP
+the DT B-NP
+'40s NNS I-NP
+. . O
+
+Both DT B-NP
+movies NNS I-NP
+are VBP B-VP
+infused VBN I-VP
+with IN B-PP
+the DT B-NP
+nostalgic JJ I-NP
+sensibility NN I-NP
+of IN B-PP
+someone NN B-NP
+much RB B-ADJP
+older JJR I-ADJP
+, , O
+someone NN B-NP
+who WP B-NP
+does VBZ B-VP
+n't RB I-VP
+dismiss VB I-VP
+dreams NNS B-NP
+, , O
+but CC O
+who WP B-NP
+also RB B-ADVP
+has VBZ B-VP
+enough JJ B-NP
+experience NN I-NP
+to TO B-VP
+see VB I-VP
+his PRP$ B-NP
+limits NNS I-NP
+. . O
+
+However RB B-ADVP
+, , O
+Mr. NNP B-NP
+Kloves NNP I-NP
+directs VBZ B-VP
+his PRP$ B-NP
+own JJ I-NP
+material NN I-NP
+without IN B-PP
+sentimentality NN B-NP
+and CC B-PP
+at IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+eccentric JJ I-NP
+pace NN I-NP
+; : O
+`` `` O
+Baker NNP B-NP
+Boys NNPS I-NP
+'' '' O
+is VBZ B-VP
+both DT B-ADJP
+bluesy JJ I-ADJP
+and CC I-ADJP
+funny JJ I-ADJP
+. . O
+
+He PRP B-NP
+'s VBZ B-VP
+put VBN I-VP
+a DT B-NP
+fresh JJ I-NP
+spin NN I-NP
+on IN B-PP
+material NN B-NP
+that WDT B-NP
+could MD B-VP
+come VB I-VP
+off IN B-PRT
+terribly RB B-ADJP
+cliched JJ I-ADJP
+; : O
+for IN B-PP
+example NN B-NP
+, , O
+the DT B-NP
+way NN I-NP
+Susie NNP B-NP
+wows VBZ B-VP
+an DT B-NP
+audience NN I-NP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+she PRP B-NP
+sings VBZ B-VP
+with IN B-PP
+the DT B-NP
+Baker NNP I-NP
+Boys NNPS I-NP
+. . O
+
+Of IN B-PP
+course NN B-NP
+, , O
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+hurt VBN I-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Kloves NNP I-NP
+has VBZ B-VP
+made VBN I-VP
+up IN B-PRT
+for IN B-PP
+his PRP$ B-NP
+lack NN I-NP
+of IN B-PP
+experience NN B-NP
+behind IN B-PP
+the DT B-NP
+camera NN I-NP
+with IN B-PP
+technicians NNS B-NP
+who WP B-NP
+know VBP B-VP
+exactly RB B-NP
+what WP I-NP
+they PRP B-NP
+'re VBP B-VP
+doing VBG I-VP
+. . O
+
+Much RB B-NP
+of IN B-PP
+the DT B-NP
+picture NN I-NP
+'s POS B-NP
+sensuality NN I-NP
+emerges VBZ B-VP
+from IN B-PP
+cinematographer NN B-NP
+Michael NNP I-NP
+Ballhaus NNP I-NP
+'s POS B-NP
+slyly RB B-ADJP
+seductive JJ I-ADJP
+lens NN B-NP
+work NN I-NP
+. . O
+
+After IN B-PP
+working VBG B-VP
+for IN B-PP
+years NNS B-NP
+with IN B-PP
+Werner NNP B-NP
+Rainer NNP I-NP
+Fassbinder NNP I-NP
+, , O
+the DT B-NP
+late JJ I-NP
+German JJ I-NP
+director NN I-NP
+, , B-PP
+and CC I-PP
+more RBR B-ADVP
+recently RB I-ADVP
+with IN B-PP
+Martin NNP B-NP
+Scorsese NNP I-NP
+-LRB- ( O
+`` `` O
+After IN B-NP
+Hours NNS I-NP
+, , O
+'' '' O
+`` `` O
+The DT B-NP
+Color NNP I-NP
+of IN B-PP
+Money NNP B-NP
+, , O
+'' '' O
+`` `` O
+The DT B-NP
+Last JJ I-NP
+Temptation NN I-NP
+of IN B-PP
+Christ NNP B-NP
+'' '' O
+-RRB- ) O
+, , O
+Mr. NNP B-NP
+Ballhaus NNP I-NP
+has VBZ B-VP
+developed VBN I-VP
+a DT B-NP
+distinctively RB I-NP
+fluid NN I-NP
+style NN I-NP
+. . O
+
+And CC O
+Dave NNP B-NP
+Grusin NNP I-NP
+'s POS B-NP
+witty JJ I-NP
+score NN I-NP
+embraces VBZ B-VP
+the DT B-NP
+banal JJ I-NP
+requirements NNS I-NP
+of IN B-PP
+banquet-hall NN B-NP
+musicianship NN I-NP
+-LRB- ( O
+`` `` O
+Feelings NNS B-NP
+'' '' O
+is VBZ B-VP
+a DT B-NP
+must MD O
+-RRB- ) O
+without IN B-PP
+condescension NN B-NP
+. . O
+
+Though IN B-SBAR
+Ms. NNP B-NP
+Pfeiffer NNP I-NP
+has VBZ B-VP
+the DT B-NP
+flashy JJ I-NP
+part NN I-NP
+-- : O
+she PRP B-NP
+gets VBZ B-VP
+the DT B-NP
+best JJS I-NP
+comic JJ I-NP
+bits NNS I-NP
+and CC O
+to TO B-VP
+wear VB I-VP
+glamorous JJ B-NP
+dresses NNS I-NP
+and CC O
+spiked JJ B-NP
+heels NNS I-NP
+the DT B-NP
+boys NNS I-NP
+are VBP B-VP
+pretty RB B-ADJP
+great JJ I-ADJP
+, , O
+too RB B-ADVP
+. . O
+
+What WP B-NP
+seemed VBD B-VP
+like IN B-PP
+a DT B-NP
+good JJ I-NP
+idea NN I-NP
+, , O
+to TO B-VP
+cast VB I-VP
+the DT B-NP
+Bridges NNP I-NP
+brothers NNS I-NP
+-LRB- ( O
+Jeff NNP B-NP
+and CC I-NP
+Beau NNP I-NP
+-RRB- ) O
+as IN B-PP
+the DT B-NP
+Baker NNP I-NP
+brothers NNS I-NP
+, , O
+actually RB B-ADVP
+turned VBD B-VP
+out IN B-PRT
+to TO B-VP
+be VB I-VP
+a DT B-NP
+good JJ I-NP
+idea NN I-NP
+. . O
+
+Anyone NN B-NP
+who WP B-NP
+'s VBZ B-VP
+tried VBD I-VP
+to TO I-VP
+appear VB I-VP
+`` `` O
+natural JJ B-ADJP
+'' '' O
+in IN B-PP
+front NN B-NP
+of IN B-PP
+a DT B-NP
+camera NN I-NP
+knows VBZ B-VP
+that IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+much RB B-ADJP
+more RBR I-ADJP
+natural JJ I-ADJP
+to TO B-VP
+end VB I-VP
+up IN B-ADVP
+looking VBG B-VP
+like IN B-PP
+a DT B-NP
+stiff NN I-NP
+. . O
+
+So RB O
+it PRP B-NP
+'s VBZ B-VP
+quite RB B-ADJP
+possible JJ I-ADJP
+that IN B-SBAR
+the DT B-NP
+terrific JJ I-NP
+play NN I-NP
+between IN B-PP
+the DT B-NP
+brothers NNS I-NP
+is VBZ B-VP
+n't RB O
+natural JJ B-ADJP
+at IN B-ADVP
+all DT I-ADVP
+, , O
+that IN B-SBAR
+Jeff NNP B-NP
+and CC I-NP
+Beau NNP I-NP
+had VBD B-VP
+to TO I-VP
+work VB I-VP
+like IN B-PP
+crazy JJ B-ADJP
+to TO B-VP
+make VB I-VP
+their PRP$ B-NP
+brotherly JJ I-NP
+love NN I-NP
+-- : O
+and CC O
+resentment NN B-NP
+and CC I-NP
+frustration NN I-NP
+and CC I-NP
+rage NN I-NP
+-- : O
+seem VB B-VP
+so RB B-ADJP
+very RB I-ADJP
+real JJ I-ADJP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+movie NN I-NP
+opens VBZ B-VP
+the DT B-NP
+Baker NNP I-NP
+brothers NNS I-NP
+are VBP B-VP
+doing VBG I-VP
+what WP B-NP
+they PRP B-NP
+'ve VBP B-VP
+done VBN I-VP
+for IN B-PP
+15 CD B-NP
+years NNS I-NP
+professionally RB B-ADVP
+, , O
+and CC O
+twice RB B-ADVP
+as RB I-ADVP
+long RB I-ADVP
+as IN B-PP
+that DT B-NP
+for IN B-PP
+themselves PRP B-NP
+: : O
+They PRP B-NP
+'re VBP B-VP
+playing VBG I-VP
+proficient JJ B-NP
+piano NN I-NP
+, , O
+face-to-face JJ B-ADVP
+, , O
+on IN B-PP
+twin JJ B-NP
+pianos NNS I-NP
+. . O
+
+They PRP B-NP
+'re VBP B-VP
+small JJ B-NP
+time NN I-NP
+in IN B-PP
+the DT B-NP
+small JJ I-NP
+time-hotels NNS I-NP
+-LRB- ( O
+not RB O
+the DT B-NP
+best JJS I-NP
+ones NNS I-NP
+-RRB- ) O
+and CC O
+restaurants NNS B-NP
+in IN B-PP
+Seattle NNP B-NP
+. . O
+
+Yet RB O
+they PRP B-NP
+do VBP B-VP
+n't RB I-VP
+disparage VB I-VP
+their PRP$ B-NP
+audiences NNS I-NP
+by IN B-PP
+disparaging VBG B-VP
+their PRP$ B-NP
+act NN I-NP
+. . O
+
+They PRP B-NP
+wear VBP B-VP
+tuxedos NNS B-NP
+most RBS B-NP
+nights NNS I-NP
+, , O
+unless IN B-SBAR
+circumstances NNS B-NP
+-LRB- ( O
+a DT B-NP
+regular JJ I-NP
+gig NN I-NP
+at IN B-PP
+a DT B-NP
+`` `` I-NP
+tropical JJ I-NP
+'' '' I-NP
+lounge NN I-NP
+, , O
+for IN B-PP
+example NN B-NP
+-RRB- ) O
+require VB B-VP
+them PRP B-NP
+to TO B-VP
+wear VB I-VP
+special JJ B-NP
+costumes NNS I-NP
+, , O
+like IN B-PP
+Hawaiian NNP B-NP
+shirts NNS I-NP
+. . O
+
+Plump JJ B-NP
+Beau NNP I-NP
+, , O
+looking VBG B-VP
+eager JJ B-ADJP
+to TO B-VP
+please VB I-VP
+with IN B-PP
+his PRP$ B-NP
+arched JJ I-NP
+eyebrows NNS I-NP
+and CC I-NP
+round NN I-NP
+face NN I-NP
+, , O
+plays VBZ B-VP
+the DT B-NP
+older JJR I-NP
+brother NN I-NP
+, , O
+Frank NNP B-NP
+. . O
+
+Frank NNP B-NP
+plans VBZ B-VP
+the DT B-NP
+program NN I-NP
+, , O
+takes VBZ B-VP
+care NN B-NP
+of IN B-PP
+business NN B-NP
+, , O
+and CC O
+approaches VBZ B-VP
+the DT B-NP
+work NN I-NP
+like IN B-PP
+any DT B-NP
+other JJ I-NP
+job NN I-NP
+. . O
+
+He PRP B-NP
+'s VBZ B-VP
+even RB B-ADVP
+able JJ B-ADJP
+to TO B-VP
+think VB I-VP
+of IN B-PP
+a DT B-NP
+job NN I-NP
+that WDT B-NP
+takes VBZ B-VP
+him PRP B-NP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+house NN I-NP
+300 CD B-NP
+nights NNS I-NP
+a DT B-NP
+week NN I-NP
+as IN B-PP
+an DT B-NP
+ordinary JJ I-NP
+job NN I-NP
+. . O
+
+He PRP B-NP
+'s VBZ B-VP
+got VBD I-VP
+a DT B-NP
+wife NN I-NP
+and CC O
+two CD B-NP
+kids NNS I-NP
+and CC O
+a DT B-NP
+house NN I-NP
+in IN B-PP
+the DT B-NP
+suburbs NNS I-NP
+; : O
+the DT B-NP
+audience NN I-NP
+sees VBZ B-VP
+only RB B-NP
+the DT I-NP
+house NN I-NP
+, , O
+and CC O
+only RB B-ADVP
+near IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+movie NN I-NP
+. . O
+
+Frank NNP B-NP
+grovels VBZ B-VP
+a DT B-NP
+little JJ I-NP
+for IN B-PP
+the DT B-NP
+bookers NNS I-NP
+, , O
+probably RB B-ADVP
+no DT I-ADVP
+more JJR I-ADVP
+or CC I-ADVP
+less JJR I-ADVP
+than IN B-SBAR
+he PRP B-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+if IN B-SBAR
+he PRP B-NP
+worked VBD B-VP
+for IN B-PP
+a DT B-NP
+big JJ I-NP
+corporation NN I-NP
+. . O
+
+On IN B-PP
+his PRP$ B-NP
+off-hours JJ I-NP
+he PRP B-NP
+wears VBZ B-VP
+cardigan NN B-NP
+sweaters NNS I-NP
+. . O
+
+Jeff NNP B-NP
+Bridges NNP I-NP
+is VBZ B-VP
+the DT B-NP
+younger JJR I-NP
+brother NN I-NP
+, , O
+Jack NNP B-NP
+, , O
+who WP B-NP
+fancies VBZ B-VP
+himself PRP B-NP
+the DT B-NP
+rebellious JJ I-NP
+artist NN I-NP
+; : O
+he PRP B-NP
+lives VBZ B-VP
+in IN B-PP
+a DT B-NP
+loft NN I-NP
+with IN B-PP
+his PRP$ B-NP
+sick JJ I-NP
+dog NN I-NP
+and CC O
+the DT B-NP
+occasional JJ I-NP
+visit NN I-NP
+from IN B-PP
+the DT B-NP
+little JJ I-NP
+girl NN I-NP
+upstairs NN B-NP
+, , O
+who WP B-NP
+climbs VBZ B-VP
+down RP B-PP
+the DT B-NP
+fire NN I-NP
+escape NN I-NP
+. . O
+
+Yet RB O
+Jack NNP B-NP
+'s POS B-VP
+the DT B-NP
+one CD I-NP
+who WP B-NP
+can MD B-VP
+remember VB I-VP
+every DT B-NP
+dive NN I-NP
+they PRP B-NP
+ever RB B-ADVP
+played VBD B-VP
+, , O
+and CC O
+when WRB B-ADVP
+, , O
+and CC O
+he PRP B-NP
+dutifully RB B-VP
+shows VBZ I-VP
+up IN B-PRT
+for IN B-PP
+work NN B-NP
+night NN B-NP
+after IN B-PP
+night NN B-NP
+-LRB- ( O
+he PRP B-NP
+consoles VBZ B-VP
+himself PRP B-NP
+with IN B-PP
+booze NN B-NP
+and CC B-PP
+by IN B-PP
+showing VBG B-VP
+up IN B-PRT
+at IN B-PP
+the DT B-NP
+last JJ I-NP
+minute NN I-NP
+-RRB- ) O
+. . O
+
+Looking VBG B-VP
+leaner JJR B-ADJP
+than IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+in IN B-PP
+a DT B-NP
+while NN I-NP
+, , O
+the DT O
+younger JJR B-NP
+Mr. NNP I-NP
+Bridges NNP I-NP
+'s POS B-NP
+Jack NNP I-NP
+is VBZ B-VP
+sexy JJ B-ADJP
+and CC I-ADJP
+cynical JJ I-ADJP
+and CC O
+a DT B-NP
+far RB I-NP
+sadder JJR I-NP
+case NN I-NP
+than IN B-PP
+Frank NNP B-NP
+, , O
+who WP B-NP
+'s VBZ B-VP
+managed VBD I-VP
+to TO I-VP
+chisel VB I-VP
+his PRP$ B-NP
+dreams NNS I-NP
+to TO B-VP
+fit VB I-VP
+reality NN B-NP
+without IN B-PP
+feeling NN B-VP
+too RB B-ADJP
+cheated VBD I-ADJP
+. . O
+
+He PRP B-NP
+can MD B-VP
+live VB I-VP
+with IN B-PP
+little JJ B-NP
+pleasures NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Kloves NNP I-NP
+has VBZ B-VP
+put VBN I-VP
+together RB B-ADVP
+some DT B-NP
+priceless JJ I-NP
+moments NNS I-NP
+. . O
+
+These DT B-NP
+include VBP B-VP
+Jennifer NNP B-NP
+Tilly NNP I-NP
+'s POS B-NP
+audition NN I-NP
+to TO B-VP
+be VB I-VP
+the DT B-NP
+Baker NNP I-NP
+Boys NNPS I-NP
+' POS B-NP
+girl NN I-NP
+singer NN I-NP
+. . O
+
+Ms. NNP B-NP
+Tilly NNP I-NP
+of IN B-PP
+the DT B-NP
+tweety-bird JJ I-NP
+voice NN I-NP
+showed VBD B-VP
+great JJ B-NP
+comic JJ I-NP
+promise NN I-NP
+during IN B-PP
+her PRP$ B-NP
+stint NN I-NP
+as IN B-PP
+the DT B-NP
+mobster NN I-NP
+'s POS B-NP
+girlfriend NN I-NP
+on IN B-PP
+the DT B-NP
+television NN I-NP
+show NN I-NP
+, , O
+`` `` O
+Hill NNP B-NP
+Street NNP I-NP
+Blues NNPS I-NP
+. . O
+'' '' O
+
+Here RB B-ADVP
+she PRP B-NP
+delivers VBZ B-VP
+, , O
+especially RB B-ADVP
+during IN B-PP
+her PRP$ B-NP
+enthusiastically RB I-NP
+awful JJ I-NP
+rendition NN I-NP
+of IN B-PP
+the DT B-NP
+`` `` I-NP
+Candy NN I-NP
+Man NN I-NP
+, , O
+'' '' O
+which WDT B-NP
+she PRP B-NP
+sings VBZ B-VP
+while IN B-SBAR
+prancing NN B-VP
+around IN B-ADVP
+in IN B-PP
+a DT B-NP
+little JJ I-NP
+cotton NN I-NP
+candy NN I-NP
+pink JJ I-NP
+angora NN I-NP
+sweater NN I-NP
+that WDT B-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+more RBR B-ADJP
+perfect JJ I-ADJP
+. . O
+
+-LRB- ( O
+It PRP B-NP
+matches VBZ B-VP
+her PRP$ B-NP
+voice NN I-NP
+. . O
+-RRB- ) O
+
+And CC O
+Ms. NNP B-NP
+Pfeiffer NNP I-NP
+'s POS B-NP
+particular JJ I-NP
+version NN I-NP
+of IN B-PP
+`` `` O
+Making VBG B-VP
+Whoopee NN B-NP
+'' '' O
+-- : O
+and CC O
+the DT B-NP
+way NN I-NP
+Mr. NNP B-NP
+Ballhaus NNP I-NP
+photographs VBZ B-VP
+her PRP$ B-NP
+, , O
+from IN B-PP
+the DT B-NP
+tips NNS I-NP
+of IN B-PP
+her PRP$ B-NP
+red JJ I-NP
+high JJ I-NP
+heels NNS I-NP
+right NN B-ADVP
+up IN B-PP
+her PRP$ B-NP
+clingy JJ I-NP
+red JJ I-NP
+velvet NN I-NP
+dress NN I-NP
+-- : O
+might MD B-VP
+make VB I-VP
+you PRP B-NP
+think VB B-VP
+of IN B-PP
+Marilyn NNP B-NP
+Monroe NNP I-NP
+if IN B-SBAR
+Ms. NNP B-NP
+Pfeiffer NNP I-NP
+had VBD B-VP
+n't RB I-VP
+gone VBN I-VP
+and CC O
+become VB B-VP
+a DT B-NP
+star NN I-NP
+in IN B-PP
+her PRP$ B-NP
+own JJ I-NP
+right NN I-NP
+. . O
+
+VIDEO NN B-NP
+TIP NN I-NP
+: : O
+
+If IN B-SBAR
+you PRP B-NP
+'d MD B-VP
+like VB I-VP
+to TO I-VP
+see VB I-VP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+Michelle NNP B-NP
+Pfeiffer NNP I-NP
+sang VBD B-VP
+on IN B-PP
+screen NN B-NP
+, , O
+and CC O
+you PRP B-NP
+have VBP B-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+patience NN B-NP
+, , O
+take VB B-VP
+a DT B-NP
+look NN I-NP
+at IN B-PP
+`` `` O
+Grease NN B-NP
+2 CD I-NP
+. . O
+'' '' O
+
+You PRP B-NP
+'ll MD B-VP
+find VB I-VP
+her PRP$ B-NP
+there RB B-ADVP
+. . O
+
+Better NNP B-ADVP
+yet RB I-ADVP
+, , O
+check NN B-VP
+out IN B-PRT
+the IN B-NP
+emergence NN I-NP
+of IN B-PP
+her PRP$ B-NP
+comic JJ I-NP
+persona NN I-NP
+in IN B-PP
+`` `` O
+Married VBN B-VP
+to TO B-PP
+the DT B-NP
+Mob NN I-NP
+, , O
+'' '' O
+Jonathan NNP B-NP
+Demme NNP I-NP
+'s POS B-NP
+delightful JJ I-NP
+Mafia NNP I-NP
+comedy NN I-NP
+. . O
+
+International NNP B-NP
+Proteins NNPS I-NP
+Corp. NNP I-NP
+definitively RB B-VP
+agreed VBD I-VP
+to TO I-VP
+pay VB I-VP
+$ $ B-NP
+49 CD I-NP
+million CD I-NP
+and CC O
+2,850,000 CD B-NP
+of IN B-PP
+its PRP$ B-NP
+shares NNS I-NP
+for IN B-PP
+Hanson NNP B-NP
+PLC NNP I-NP
+'s POS B-NP
+Ground NNP I-NP
+Round NNP I-NP
+restaurant NN I-NP
+subsidiary NN I-NP
+. . O
+
+Shareholders NNS B-NP
+of IN B-PP
+International NNP B-NP
+Proteins NNPS I-NP
+, , O
+a DT B-NP
+food NN I-NP
+and CC I-NP
+agriproducts NNS I-NP
+company NN I-NP
+, , O
+will MD B-VP
+vote VB I-VP
+on IN B-PP
+the DT B-NP
+transaction NN I-NP
+at IN B-PP
+a DT B-NP
+meeting NN I-NP
+late JJ B-NP
+next JJ I-NP
+month NN I-NP
+. . O
+
+Hanson NNP B-NP
+is VBZ B-VP
+a DT B-NP
+London NNP I-NP
+producer NN I-NP
+of IN B-PP
+consumer NN B-NP
+and CC I-NP
+other JJ I-NP
+goods NNS I-NP
+. . O
+
+International NNP B-NP
+Proteins NNPS I-NP
+shares NNS I-NP
+did VBD B-VP
+n't RB I-VP
+trade VB I-VP
+yesterday NN B-NP
+on IN B-PP
+the DT B-NP
+American NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+They PRP B-NP
+closed VBD B-VP
+Tuesday NNP B-NP
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+at IN B-PP
+$ $ B-NP
+13.625 CD I-NP
+, , O
+down RB B-ADVP
+37.5 CD B-NP
+cents NNS I-NP
+, , O
+giving VBG B-VP
+the DT B-NP
+stock NN I-NP
+portion NN I-NP
+of IN B-PP
+the DT B-NP
+transaction NN I-NP
+an DT B-NP
+indicated VBN I-NP
+value NN I-NP
+of IN B-PP
+$ $ B-NP
+38.8 CD I-NP
+million CD I-NP
+. . O
+
+Control NNP B-NP
+Data NNP I-NP
+Corp. NNP I-NP
+agreed VBD B-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+idle JJ I-NP
+supercomputer NN I-NP
+manufacturing NN I-NP
+plant NN I-NP
+here RB B-ADVP
+to TO B-PP
+Minnesota NNP B-NP
+Mining NNP I-NP
+& CC I-NP
+Manufacturing NNP I-NP
+Co. NNP I-NP
+for IN B-PP
+$ $ B-NP
+5.8 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+tentative JJ I-NP
+agreement NN I-NP
+calls VBZ B-VP
+for IN B-SBAR
+3M CD B-NP
+to TO B-VP
+use VB I-VP
+the DT B-NP
+115,000-square-foot JJ I-NP
+plant NN I-NP
+and CC O
+19 CD B-NP
+acres NNS I-NP
+of IN B-PP
+land NN B-NP
+for IN B-PP
+research NN B-NP
+laboratories NNS I-NP
+. . O
+
+Control NNP B-NP
+Data NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+seeking VBG I-VP
+a DT B-NP
+buyer NN I-NP
+for IN B-PP
+the DT B-NP
+facility NN I-NP
+since IN B-SBAR
+it PRP B-NP
+folded VBD B-VP
+its PRP$ B-NP
+ETA NNP I-NP
+Systems NNP I-NP
+Inc. NNP I-NP
+supercomputer NN I-NP
+unit NN I-NP
+this DT B-NP
+past JJ I-NP
+April NNP I-NP
+. . O
+
+General NNP B-NP
+Dynamics NNP I-NP
+Corp. NNP I-NP
+was VBD B-VP
+awarded VBN I-VP
+contracts NNS B-NP
+totaling VBG B-VP
+$ $ B-NP
+589 CD I-NP
+million CD I-NP
+for IN B-PP
+one CD B-NP
+Navy NNP I-NP
+Trident NNP I-NP
+submarine NN I-NP
+and CC B-PP
+for IN B-PP
+Air NNP B-NP
+Force NNP I-NP
+research NN I-NP
+on IN B-PP
+the DT B-NP
+National NNP I-NP
+Aerospace NNP I-NP
+plane NN I-NP
+. . O
+
+Grumman NNP B-NP
+Corp. NNP I-NP
+won VBD B-VP
+a DT B-NP
+$ $ I-NP
+58.9 CD I-NP
+million CD I-NP
+Navy NNP I-NP
+contract NN I-NP
+for IN B-PP
+12 CD B-NP
+F-14 NN I-NP
+aircraft NN I-NP
+. . O
+
+Raytheon NNP B-NP
+Co. NNP I-NP
+was VBD B-VP
+issued VBN I-VP
+a DT B-NP
+$ $ I-NP
+19.2 CD I-NP
+million CD I-NP
+Air NNP I-NP
+Force NNP I-NP
+contract NN I-NP
+for IN B-PP
+support NN B-NP
+of IN B-PP
+the DT B-NP
+Milstar NNP I-NP
+communications NNS I-NP
+satellite NN I-NP
+. . O
+
+McDonnell NNP B-NP
+Douglas NNP I-NP
+Corp. NNP I-NP
+got VBD B-VP
+a DT B-NP
+$ $ I-NP
+12.5 CD I-NP
+million CD I-NP
+Air NNP I-NP
+Force NNP I-NP
+contract NN I-NP
+for IN B-PP
+support NN B-NP
+work NN I-NP
+on IN B-PP
+the DT B-NP
+National NNP I-NP
+Aerospace NNP I-NP
+plane NN I-NP
+. . O
+
+Denis NNP B-NP
+C. NNP I-NP
+Smith NNP I-NP
+was VBD B-VP
+named VBN I-VP
+to TO B-PP
+the DT B-NP
+new JJ I-NP
+post NN I-NP
+of IN B-PP
+vice NN B-NP
+president NN I-NP
+of IN B-PP
+world-wide JJ B-NP
+advanced VBD I-NP
+materials NNS I-NP
+operations NNS I-NP
+for IN B-PP
+this DT B-NP
+chemicals NNS I-NP
+concern VBP I-NP
+. . O
+
+Mr. NNP B-NP
+Smith NNP I-NP
+, , O
+50 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+was VBD B-VP
+formerly RB B-ADVP
+responsible JJ B-ADJP
+for IN B-PP
+advanced VBN B-NP
+materials NNS I-NP
+, , O
+which WDT B-NP
+include VBP B-VP
+plastic NN B-NP
+composites NNS I-NP
+and CC O
+alloys NNS B-NP
+, , O
+in IN B-PP
+North NNP B-NP
+America NNP I-NP
+only RB B-ADVP
+. . O
+
+Himont NNP B-NP
+is VBZ B-VP
+81%-owned JJ B-ADJP
+by IN B-PP
+Montedison NNP B-NP
+S.p NNP I-NP
+. . I-NP
+A. NNP I-NP
+of IN B-PP
+Milan NNP B-NP
+, , O
+Italy NNP B-NP
+. . O
+
+Galveston-Houston NNP B-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+redeem VB I-VP
+all DT B-NP
+3,950 CD I-NP
+shares NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+privately RB I-NP
+held VBN I-NP
+6.5 CD I-NP
+% NN I-NP
+convertible JJ I-NP
+Series NNP I-NP
+C NN I-NP
+preferred JJ I-NP
+stock NN I-NP
+Nov. NNP B-NP
+8 CD I-NP
+. . O
+
+Holders NNS B-NP
+can MD B-VP
+either DT I-VP
+convert NN I-VP
+each DT B-NP
+share NN I-NP
+into IN B-PP
+421 CD B-NP
+shares NNS I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+common JJ I-NP
+stock NN I-NP
+, , O
+or CC O
+surrender VB B-VP
+their PRP$ B-NP
+shares NNS I-NP
+at IN B-PP
+the DT B-NP
+per-share JJ I-NP
+price NN I-NP
+of IN B-PP
+$ $ B-NP
+1,000 CD I-NP
+, , O
+plus CC O
+accumulated VBD B-NP
+dividends NNS I-NP
+of IN B-PP
+$ $ B-NP
+6.71 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Galveston-Houston NNP B-NP
+makes VBZ B-VP
+and CC I-VP
+markets NNS I-VP
+products NNS B-NP
+for IN B-PP
+the DT B-NP
+construction NN I-NP
+, , I-NP
+mining NN I-NP
+and CC I-NP
+energy NN I-NP
+industries NNS I-NP
+. . O
+
+Bank NNP B-NP
+Building NNP I-NP
+& CC I-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+America NNP B-NP
+, , O
+which WDT B-NP
+previously RB B-ADVP
+said VBD B-VP
+accounting NN B-NP
+discrepancies NNS I-NP
+its PRP$ B-NP
+auditors NNS I-NP
+uncovered VBN B-VP
+would MD B-VP
+hurt VB I-VP
+earnings NNS B-NP
+and CC O
+require VB B-VP
+restatement NN B-NP
+of IN B-PP
+earlier JJR B-NP
+results NNS I-NP
+, , O
+increased VBD B-VP
+its PRP$ B-NP
+projections NNS I-NP
+of IN B-PP
+the DT B-NP
+negative JJ I-NP
+fiscal JJ I-NP
+impact NN I-NP
+, , O
+and CC O
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+exploring VBG I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+sale NN I-NP
+. . O
+
+Bank NNP B-NP
+Building NNP I-NP
+, , O
+which WDT B-NP
+builds VBZ B-VP
+and CC I-VP
+equips VBZ I-VP
+banks NNS B-NP
+, , O
+had VBN B-VP
+announced VBD I-VP
+it PRP B-NP
+would MD B-VP
+restate VB I-VP
+the DT B-NP
+first-three JJ I-NP
+quarters NNS I-NP
+of IN B-PP
+this DT B-NP
+fiscal JJ I-NP
+year NN I-NP
+, , O
+which WDT B-NP
+ends VBZ B-VP
+Oct. NNP B-NP
+31 CD I-NP
+. . O
+
+On IN B-PP
+Oct. NNP B-NP
+5 NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+estimated VBD B-VP
+after-tax JJ B-NP
+effects NNS I-NP
+on IN B-PP
+the DT B-NP
+year NN I-NP
+'s POS B-NP
+earnings NNS I-NP
+would MD B-VP
+be VB I-VP
+`` `` B-NP
+at IN I-NP
+least JJS I-NP
+'' '' I-NP
+$ $ I-NP
+1.3 CD I-NP
+million CD I-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+negative JJ I-NP
+after-tax JJ I-NP
+effect NN I-NP
+on IN B-PP
+earnings NNS B-NP
+for IN B-PP
+the DT B-NP
+year NN I-NP
+will MD B-VP
+be VB I-VP
+about RB B-NP
+$ $ I-NP
+3.3 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+ended VBD B-VP
+July NNP B-NP
+31 CD I-NP
+, , O
+Bank NNP B-NP
+Building NNP I-NP
+had VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+, , O
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+66.5 CD I-NP
+million CD I-NP
+. . O
+
+Bank NNP B-NP
+Building NNP I-NP
+, , O
+which WDT B-NP
+expects VBZ B-VP
+to TO I-VP
+report VB I-VP
+a DT B-NP
+fourth-quarter JJ I-NP
+loss NN I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+engaged VBD B-VP
+advisers NNS B-NP
+to TO B-VP
+`` `` O
+explore VB B-VP
+financial JJ B-NP
+alternatives NNS I-NP
+for IN B-PP
+the DT B-NP
+company NN I-NP
+including VBG B-PP
+the DT B-NP
+possible JJ I-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+or CC O
+one CD B-NP
+or CC I-NP
+more JJR I-NP
+of IN B-PP
+its PRP$ B-NP
+units NNS I-NP
+. . O
+'' '' O
+
+Company NN B-NP
+auditors NNS I-NP
+are VBP B-VP
+continuing VBG I-VP
+their PRP$ B-NP
+review NN I-NP
+, , O
+and CC O
+final JJ B-NP
+restated VBN I-NP
+figures NNS I-NP
+are VBP B-VP
+n't RB O
+yet RB B-ADVP
+available JJ B-ADJP
+. . O
+
+Bank NNP B-NP
+Building NNP I-NP
+earlier RBR B-ADVP
+said VBD B-VP
+the DT B-NP
+restatement NN I-NP
+is VBZ B-VP
+necessitated VBN I-VP
+by IN B-PP
+`` `` O
+certain JJ B-NP
+errors NNS I-NP
+in IN B-PP
+recording NN B-VP
+receivables NN B-NP
+and CC I-NP
+payables NNS I-NP
+'' '' O
+at IN B-PP
+its PRP$ B-NP
+Loughman NNP I-NP
+Cabinet NNP I-NP
+division NN I-NP
+. . O
+
+That DT B-NP
+division NN I-NP
+'s POS B-NP
+manager NN I-NP
+has VBZ B-VP
+been VBN I-VP
+fired VBN I-VP
+. . O
+
+In IN B-PP
+American NNP B-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Bank NNP B-NP
+Building NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+4 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+62.5 CD B-NP
+cents NNS I-NP
+. . O
+
+Gen. NNP B-NP
+Paul NNP I-NP
+X. NNP I-NP
+Kelley NNP I-NP
+, , O
+retired VBN B-NP
+commandant NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+Marine NNP I-NP
+Corps NNP I-NP
+, , O
+was VBD B-VP
+elected VBN I-VP
+a DT B-NP
+director NN I-NP
+of IN B-PP
+this DT B-NP
+plastics NNS I-NP
+, , I-NP
+specialty NN I-NP
+materials NNS I-NP
+and CC I-NP
+aerospace NN I-NP
+concern NN I-NP
+, , O
+succeeding VBG B-VP
+Jewel NNP B-NP
+Lafontant NNP I-NP
+, , O
+who WP B-NP
+resigned VBD B-VP
+to TO B-VP
+accept VB I-VP
+a DT B-NP
+government NN I-NP
+position NN I-NP
+. . O
+
+Rep. NNP B-NP
+Mary NNP I-NP
+Rose NNP I-NP
+Oakar NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Ohio NNP B-NP
+-RRB- ) O
+at IN B-PP
+last JJ B-NP
+week NN I-NP
+'s POS B-NP
+hearings NNS I-NP
+on IN B-PP
+irregularities NNS B-NP
+in IN B-PP
+programs NNS B-NP
+at IN B-PP
+the DT B-NP
+Department NNP I-NP
+of IN B-PP
+Housing NNP B-NP
+and CC I-NP
+Urban NNP I-NP
+Development NNP I-NP
+: : O
+
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+feel VB I-VP
+guilty JJ B-ADJP
+representing VBG B-VP
+my PRP$ B-NP
+constituents NNS I-NP
+. . O
+
+And CC O
+if IN B-SBAR
+I PRP B-NP
+think VBP B-VP
+that IN B-SBAR
+some DT B-NP
+people NNS I-NP
+-LCB- ( O
+on IN B-PP
+HUD NNP B-NP
+Secretary NNP I-NP
+Jack NNP I-NP
+Kemp NNP I-NP
+'s POS B-NP
+-RCB- ) I-NP
+staff NN I-NP
+are VBP B-VP
+off IN B-ADJP
+base NN I-ADJP
+in IN B-PP
+terms NNS B-NP
+in IN B-PP
+which WDT B-NP
+they PRP B-NP
+'re VBP B-VP
+evaluating VBG I-VP
+certain JJ B-NP
+things NNS I-NP
+affecting VBG B-VP
+my PRP$ B-NP
+hometown NN I-NP
+, , O
+I PRP B-NP
+have VBP B-VP
+to TO I-VP
+tell VB I-VP
+you PRP B-NP
+something NN B-NP
+-- : O
+I PRP B-NP
+'m VBP B-VP
+not RB I-VP
+going VBG I-VP
+to TO I-VP
+take VB I-VP
+it PRP B-NP
+. . O
+
+I PRP B-NP
+think VBP B-VP
+that IN B-SBAR
+I PRP B-NP
+'m VBP B-VP
+elected VBN I-VP
+to TO B-VP
+represent VB I-VP
+the DT B-NP
+people NNS I-NP
+that WDT B-NP
+sent VBD B-VP
+me PRP B-NP
+here RB B-ADVP
+. . O
+
+And CC O
+one CD B-NP
+of IN B-PP
+our PRP$ B-NP
+charges NNS I-NP
+is VBZ B-VP
+to TO B-VP
+be VB I-VP
+an DT B-NP
+ombudsman NN I-NP
+for IN B-PP
+our PRP$ B-NP
+area NN I-NP
+. . O
+
+And CC O
+if IN B-SBAR
+we PRP B-NP
+'re VBP B-VP
+not RB O
+ombudsman NN B-NP
+for IN B-PP
+our PRP$ B-NP
+area NN I-NP
+, , O
+we PRP B-NP
+ought MD B-VP
+to TO I-VP
+be VB I-VP
+thrown VBN I-VP
+out IN B-ADVP
+of IN B-PP
+office NN B-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+other JJ I-NP
+hand NN I-NP
+, , O
+if IN B-SBAR
+we PRP B-NP
+'re VBP B-VP
+asking VBG I-VP
+for IN B-PP
+something NN B-NP
+unreasonable JJ B-ADJP
+or CC O
+unethical JJ B-ADJP
+and CC O
+so RB B-ADVP
+on IN I-ADVP
+, , O
+then RB B-ADVP
+that DT B-NP
+'s VBZ B-VP
+a DT B-NP
+whole JJ I-NP
+different JJ I-NP
+story NN I-NP
+. . O
+
+But CC O
+if IN B-SBAR
+I PRP B-NP
+feel VBP B-VP
+that IN B-SBAR
+there EX B-NP
+are VBP B-VP
+situations NNS B-NP
+where WRB B-ADVP
+I PRP B-NP
+'m VBP B-VP
+trying VBG I-VP
+to TO I-VP
+get VB I-VP
+housing NN B-NP
+for IN B-PP
+our PRP$ B-NP
+area NN I-NP
+-- : O
+whatever WDT B-NP
+it PRP B-NP
+happens VBZ B-VP
+to TO I-VP
+be VB I-VP
+-- : O
+and CC O
+I PRP B-NP
+have VBP B-VP
+to TO I-VP
+feel VB I-VP
+that IN B-SBAR
+I PRP B-NP
+ca MD B-VP
+n't RB I-VP
+even RB I-VP
+ask VB I-VP
+a DT B-NP
+question NN I-NP
+, , O
+I PRP B-NP
+'ve VBP B-VP
+got VBD I-VP
+to TO I-VP
+tell VB I-VP
+you PRP B-NP
+, , O
+I PRP B-NP
+think VBP B-VP
+that DT B-NP
+'s VBZ B-VP
+outrageous JJ B-ADJP
+. . O
+. . O
+
+I PRP B-NP
+think VBP B-VP
+these DT B-NP
+regulations NNS I-NP
+that WDT B-NP
+would MD B-VP
+prohibit VB I-VP
+well-operated JJ B-NP
+programs NNS I-NP
+in IN B-PP
+areas NNS B-NP
+across IN B-PP
+this DT B-NP
+country NN I-NP
+would MD B-VP
+be VB I-VP
+wrong JJ B-ADJP
+to TO B-VP
+change VB I-VP
+... : O
+. . O
+
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+see VB I-VP
+some DT B-NP
+guidelines NNS I-NP
+change VBP I-NP
+that DT B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+inhibit VB I-VP
+my PRP$ B-NP
+city NN I-NP
+'s POS B-NP
+opportunity NN I-NP
+to TO B-VP
+use VB I-VP
+its PRP$ B-NP
+money NN I-NP
+. . O
+
+The DT B-NP
+Chicago NNP I-NP
+Mercantile NNP I-NP
+Exchange NNP I-NP
+said VBD B-VP
+it PRP B-NP
+fined VBD B-VP
+Capcom NNP B-NP
+Futures NNP I-NP
+Inc. NNP I-NP
+$ $ B-NP
+500,000 CD I-NP
+and CC O
+accepted VBN B-VP
+its PRP$ B-NP
+withdrawal NN I-NP
+from IN B-PP
+membership NN B-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+settlement NN I-NP
+of IN B-PP
+disciplinary JJ B-NP
+actions NNS I-NP
+against IN B-PP
+the DT B-NP
+firm NN I-NP
+. . O
+
+Capcom NNP B-NP
+Futures NNS I-NP
+is VBZ B-VP
+a DT B-NP
+Chicago NNP I-NP
+subsidiary NN I-NP
+of IN B-PP
+Capcom NNP B-NP
+Financial NNP I-NP
+Services NNP I-NP
+Ltd. NNP I-NP
+, , O
+a DT B-NP
+London NNP I-NP
+financial JJ I-NP
+firm NN I-NP
+that WDT B-NP
+was VBD B-VP
+implicated VBN I-VP
+last JJ B-NP
+year NN I-NP
+in IN B-PP
+a DT B-NP
+scheme NN I-NP
+to TO B-VP
+launder VB I-VP
+drug NN B-NP
+money NN I-NP
+. . O
+
+The DT B-NP
+case NN I-NP
+is VBZ B-VP
+pending VBG B-ADJP
+. . O
+
+The DT B-NP
+firm NN I-NP
+was VBD B-VP
+indicted VBN I-VP
+in IN B-PP
+Tampa NNP B-NP
+, , O
+Fla. NNP B-NP
+, , O
+on IN B-PP
+money-laundering NN B-NP
+charges NNS I-NP
+. . O
+
+In IN B-PP
+June NNP B-NP
+, , O
+the DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+of IN B-PP
+Trade NNP B-NP
+said VBD B-VP
+it PRP B-NP
+suspended VBD B-VP
+Capcom NNP B-NP
+Financial NNP I-NP
+. . O
+
+The DT B-NP
+Capcom NNP I-NP
+Futures NNS I-NP
+unit NN I-NP
+withdrew VBD B-VP
+from IN B-PP
+Board NNP O
+of IN B-PP
+Trade NNP B-NP
+membership NN B-NP
+voluntarily RB B-ADVP
+in IN B-PP
+August NNP B-NP
+, , O
+a DT O
+Board NNP O
+of IN B-PP
+Trade NNP B-NP
+spokesman NN B-NP
+said VBD B-VP
+. . O
+
+Capcom NNP B-NP
+Futures NNS I-NP
+, , O
+while IN B-SBAR
+neither DT B-VP
+admitting VBG I-VP
+nor CC I-VP
+denying VBG I-VP
+the DT B-NP
+Merc NNP I-NP
+charges NNS I-NP
+, , O
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+statement NN I-NP
+that IN B-SBAR
+the DT B-NP
+Merc NNP I-NP
+charges NNS I-NP
+were VBD B-VP
+`` `` O
+technical JJ B-ADJP
+in IN B-PP
+nature NN B-NP
+'' '' O
+and CC O
+that IN B-SBAR
+`` `` O
+no DT B-NP
+customers NNS I-NP
+were VBD B-VP
+hurt VBN I-VP
+'' '' O
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+violations NNS I-NP
+cited VBN B-VP
+by IN B-PP
+the DT B-NP
+Merc NNP I-NP
+. . O
+
+The DT B-NP
+Merc NNP I-NP
+alleged VBD B-VP
+that IN B-SBAR
+, , O
+among IN B-PP
+other JJ B-NP
+things NNS I-NP
+, , O
+from IN B-PP
+April NNP B-NP
+1987 CD I-NP
+through IN B-PP
+October NNP B-NP
+1988 CD I-NP
+Capcom NNP B-NP
+Futures NNS I-NP
+failed VBD B-VP
+to TO I-VP
+document VB I-VP
+trades NNS B-NP
+between IN B-PP
+Capcom NNP B-NP
+Futures NNS I-NP
+and CC O
+people NNS B-NP
+or CC I-NP
+entities NNS I-NP
+directly RB B-VP
+or CC I-VP
+indirectly RB I-VP
+controlled VBN I-VP
+by IN B-PP
+Capcom NNP B-NP
+Futures NNS I-NP
+shareholders NNS I-NP
+. . O
+
+Frederick NNP B-NP
+W. NNP I-NP
+Lang NNP I-NP
+, , O
+65 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+the DT B-NP
+founder NN I-NP
+of IN B-PP
+this DT B-NP
+software NN I-NP
+services NNS I-NP
+concern VBP I-NP
+, , O
+was VBD B-VP
+elected VBN I-VP
+to TO B-PP
+the DT B-NP
+new JJ I-NP
+post NN I-NP
+of IN B-PP
+chairman NN B-NP
+. . O
+
+Formerly RB B-ADVP
+president NN B-NP
+and CC I-NP
+treasurer NN I-NP
+, , O
+Mr. NNP B-NP
+Lang NNP I-NP
+remains VBZ B-VP
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+. . O
+
+Victor NNP B-NP
+C. NNP I-NP
+Benda NNP I-NP
+, , O
+58 CD B-NP
+, , O
+formerly RB B-ADVP
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+, , O
+succeeds VBZ B-VP
+Mr. NNP B-NP
+Lang NNP I-NP
+as IN B-PP
+president NN B-NP
+and CC O
+becomes VBZ B-VP
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+, , O
+a DT B-NP
+new JJ I-NP
+post NN I-NP
+. . O
+
+Maurice NNP B-NP
+Warren NNP I-NP
+, , O
+56-year-old JJ B-NP
+group NN I-NP
+managing VBG I-NP
+director NN I-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+this DT B-NP
+food NN I-NP
+and CC I-NP
+agriculture NN I-NP
+group NN I-NP
+. . O
+
+The DT B-NP
+post NN I-NP
+of IN B-PP
+chief JJ B-NP
+executive NN I-NP
+has VBZ B-VP
+been VBN I-VP
+vacant JJ B-ADJP
+since IN B-PP
+July NNP B-NP
+when WRB B-ADVP
+Terry NNP B-NP
+Pryce NNP I-NP
+, , O
+55 NN B-NP
+, , O
+left VBD B-VP
+the DT B-NP
+company NN I-NP
+. . O
+
+Money-market NN B-NP
+mutual JJ I-NP
+fund NN I-NP
+assets NNS I-NP
+grew VBD B-VP
+at IN B-PP
+nearly RB B-NP
+three CD I-NP
+times NNS I-NP
+their PRP$ I-NP
+usual JJ I-NP
+rate NN I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+week NN I-NP
+, , O
+as IN B-SBAR
+investors NNS B-NP
+opted VBD B-VP
+for IN B-PP
+safety NN B-NP
+instead RB B-CONJP
+of IN I-CONJP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+Money-fund JJ B-NP
+assets NNS I-NP
+soared VBD B-VP
+$ $ B-NP
+4.5 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+week NN I-NP
+ended VBN B-VP
+Tuesday NNP B-NP
+, , O
+to TO B-PP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+348.4 CD I-NP
+billion CD I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+IBC\/Donoghue NN B-NP
+'s POS B-NP
+Money NNP I-NP
+Fund NNP I-NP
+Report NNP I-NP
+, , O
+a DT B-NP
+Holliston NNP I-NP
+, , I-NP
+Mass.-based JJ I-NP
+newsletter NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+were VBD B-VP
+expecting VBG I-VP
+it PRP B-NP
+, , O
+following VBG B-PP
+the DT B-NP
+fall NN I-NP
+of IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Friday NNP B-NP
+, , O
+'' '' O
+said VBD B-VP
+Brenda NNP B-NP
+Malizia NNP I-NP
+Negus NNP I-NP
+, , O
+editor NN B-NP
+of IN B-PP
+Money NNP B-NP
+Fund NNP I-NP
+Report NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+the DT B-NP
+proverbial JJ I-NP
+flight NN I-NP
+to TO B-PP
+safety VB B-NP
+. . O
+'' '' O
+
+Despite IN B-PP
+recent JJ B-NP
+declines NNS I-NP
+in IN B-PP
+interest NN B-NP
+rates NNS I-NP
+, , O
+money NN B-NP
+funds NNS I-NP
+continue VBP B-VP
+to TO I-VP
+offer VB I-VP
+better JJR B-NP
+yields NNS I-NP
+than IN B-PP
+other JJ B-NP
+comparable JJ I-NP
+investments NNS I-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+seven-day JJ I-NP
+compound NN I-NP
+yield NN I-NP
+on IN B-PP
+the DT B-NP
+400 CD I-NP
+taxable JJ I-NP
+funds NNS I-NP
+tracked VBN B-VP
+by IN B-PP
+IBC\/Donoghue NN B-NP
+'s POS B-NP
+was VBD B-VP
+8.55 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+week NN I-NP
+, , O
+down RB B-ADVP
+from IN B-PP
+8.60 CD B-NP
+% NN I-NP
+. . O
+
+Compound JJ B-NP
+yields NNS I-NP
+assume VBP B-VP
+reinvestment NN B-NP
+of IN B-PP
+dividends NNS B-NP
+and CC O
+that IN B-SBAR
+current JJ B-NP
+yields NNS I-NP
+continue VBP B-VP
+for IN B-PP
+a DT B-NP
+year NN I-NP
+. . O
+
+Most JJS B-NP
+short-term JJ I-NP
+certificates NNS I-NP
+of IN B-PP
+deposit NN B-NP
+are VBP B-VP
+yielding VBG I-VP
+about IN B-NP
+8 CD I-NP
+% NN I-NP
+or CC I-NP
+less JJR I-NP
+at IN B-PP
+major JJ B-NP
+banks NNS I-NP
+, , O
+and CC O
+the DT B-NP
+yields NNS I-NP
+on IN B-PP
+Treasury NNP B-NP
+bills NNS I-NP
+sold VBN B-VP
+at IN B-PP
+Monday NNP B-NP
+'s POS B-NP
+auction NN I-NP
+fell VBD B-VP
+to TO B-PP
+7.61 CD B-NP
+% NN I-NP
+for IN B-PP
+three CD B-NP
+months NNS I-NP
+and CC O
+7.82 CD B-NP
+% NN I-NP
+for IN B-PP
+six CD B-NP
+months NNS I-NP
+. . O
+
+Money-fund JJ B-NP
+assets NNS I-NP
+have VBP B-VP
+been VBN I-VP
+rising VBG I-VP
+at IN B-PP
+an DT B-NP
+average JJ I-NP
+rate NN I-NP
+of IN B-PP
+$ $ B-NP
+1.6 CD I-NP
+billion CD I-NP
+a DT B-NP
+week NN I-NP
+in IN B-PP
+recent JJ B-NP
+months NNS I-NP
+, , O
+Ms. NNP B-NP
+Negus NNP I-NP
+said VBD B-VP
+, , O
+reflecting VBG B-VP
+the DT B-NP
+relatively RB I-NP
+high JJ I-NP
+yields NNS I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+latest JJS I-NP
+week NN I-NP
+, , O
+funds NNS B-NP
+open JJ B-ADJP
+to TO B-PP
+institutions NNS B-NP
+alone RB B-ADVP
+grew VBN B-VP
+by IN B-PP
+$ $ B-NP
+1.8 CD I-NP
+billion CD I-NP
+. . O
+
+Some DT B-NP
+fund NN I-NP
+managers NNS I-NP
+say VBP B-VP
+inflows NNS B-NP
+could MD B-VP
+increase VB I-VP
+in IN B-PP
+coming VBG B-NP
+days NNS I-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+stock NN B-NP
+selling VBG I-NP
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+190.58 CD B-ADJP
+point NN I-ADJP
+drop NN B-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+you PRP B-NP
+'re VBP B-VP
+selling VBG I-VP
+equities NNS B-NP
+, , O
+you PRP B-NP
+do VBP B-VP
+n't RB I-VP
+start VB I-VP
+getting VBG I-VP
+proceeds NNS B-NP
+for IN B-PP
+five CD B-NP
+to TO I-NP
+seven CD I-NP
+days NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Frank NNP B-NP
+Rachwalski NNP I-NP
+, , O
+who WP B-NP
+manages VBZ B-VP
+the DT B-NP
+Kemper NNP I-NP
+Money NNP I-NP
+Market NNP I-NP
+Fund NNP I-NP
+. . O
+
+Neal NNP B-NP
+Litvack NNP I-NP
+, , O
+marketing NN B-NP
+vice NN I-NP
+president NN I-NP
+for IN B-PP
+Fidelity NNP B-NP
+Investments NNPS I-NP
+, , O
+said VBD B-VP
+inflows NNS B-NP
+Friday NNP B-NP
+into IN B-PP
+Fidelity NNP B-NP
+'s POS B-NP
+Spartan NNP I-NP
+and CC I-NP
+Cash NNP I-NP
+Reserves NNS I-NP
+money-market JJ I-NP
+funds NNS I-NP
+were VBD B-VP
+about IN B-NP
+twice RB I-NP
+normal JJ I-NP
+levels NNS I-NP
+, , O
+with IN B-PP
+about IN B-NP
+half NN I-NP
+coming VBG B-VP
+from IN B-PP
+equity NN B-NP
+and CC I-NP
+junk-bond NN I-NP
+funds NNS I-NP
+. . O
+
+Monday NNP B-NP
+and CC I-NP
+Tuesday NNP I-NP
+`` `` O
+were VBD B-VP
+lackluster JJ B-ADJP
+in IN B-PP
+comparison NN B-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+People NNS B-NP
+are VBP B-VP
+n't RB I-VP
+necessarily RB I-VP
+running VBG I-VP
+scared VBN B-ADJP
+, , O
+'' '' O
+Mr. NNP B-NP
+Litvack NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+maintaining VBG I-VP
+their PRP$ B-NP
+attitude NN I-NP
+toward IN B-PP
+investing VBG B-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+leaned VBN I-VP
+toward IN B-PP
+the DT B-NP
+conservative JJ I-NP
+recently RB B-ADVP
+. . O
+'' '' O
+
+Money-fund JJ B-NP
+yields NNS I-NP
+tend VBP B-VP
+to TO I-VP
+lag VB I-VP
+interestrate NN B-NP
+trends NNS I-NP
+as IN B-SBAR
+portfolio NN B-NP
+managers NNS I-NP
+adjust VBP B-VP
+the DT B-NP
+maturities NNS I-NP
+of IN B-PP
+their PRP$ B-NP
+investments NNS I-NP
+-- : O
+short-term NNP B-NP
+Treasury NNP I-NP
+securities NNS I-NP
+, , O
+commercial JJ B-NP
+paper NN I-NP
+and CC O
+the DT B-NP
+like NN I-NP
+-- : O
+to TO B-VP
+capture VB I-VP
+the DT B-NP
+highest JJS I-NP
+yields NNS I-NP
+. . O
+
+Maturities NNS B-NP
+usually RB B-ADVP
+are VBP B-VP
+shorter JJR B-ADJP
+when WRB B-ADVP
+rates NNS B-NP
+are VBP B-VP
+rising VBG I-VP
+and CC O
+longer RB B-ADJP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+falling VBG I-VP
+. . O
+
+The DT B-NP
+average JJ I-NP
+maturity NN I-NP
+of IN B-PP
+the DT B-NP
+funds NNS I-NP
+tracked VBN B-VP
+by IN B-PP
+IBC\/Donoghue NN B-NP
+'s POS B-NP
+remained VBD B-VP
+at IN B-PP
+38 CD B-NP
+days NNS I-NP
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+consecutive JJ I-NP
+week NN I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+as RB B-ADJP
+short JJ I-ADJP
+as IN B-PP
+29 CD B-NP
+days NNS I-NP
+at IN B-PP
+the DT B-NP
+start NN I-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+, , O
+when WRB B-ADVP
+rates NNS B-NP
+were VBD B-VP
+marching VBG I-VP
+steadily RB B-ADVP
+upward RB B-ADVP
+, , O
+and CC O
+hit VBD B-VP
+42 CD B-NP
+days NNS I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+seven-day JJ I-NP
+simple JJ I-NP
+yield NN I-NP
+of IN B-PP
+the DT B-NP
+funds NNS I-NP
+fell VBD B-VP
+to TO B-PP
+8.21 CD B-NP
+% NN I-NP
+this DT B-NP
+week NN I-NP
+from IN B-PP
+8.26 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+average JJ I-NP
+30-day JJ I-NP
+simple JJ I-NP
+yield NN I-NP
+was VBD B-VP
+8.26 CD B-NP
+% NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+8.27 CD B-NP
+% NN I-NP
+the DT B-NP
+week NN I-NP
+before RB I-NP
+, , O
+and CC O
+the DT B-NP
+30-day JJ I-NP
+compound NN I-NP
+yield NN I-NP
+slid VBD B-VP
+to TO B-PP
+8.60 CD B-NP
+% NN I-NP
+from IN B-PP
+8.61 CD B-NP
+% NN I-NP
+. . O
+
+Some DT B-NP
+funds NNS I-NP
+are VBP B-VP
+posting VBG I-VP
+yields NNS B-NP
+far RB B-ADJP
+higher JJR I-ADJP
+than IN B-PP
+the DT B-NP
+average NN I-NP
+. . O
+
+The DT B-NP
+highest JJS I-NP
+yielding VBG I-NP
+taxable JJ I-NP
+fund NN I-NP
+this DT B-NP
+week NN I-NP
+was VBD B-VP
+Harbor NNP B-NP
+Money NNP I-NP
+Market NNP I-NP
+Fund NNP I-NP
+, , O
+with IN B-PP
+a DT B-NP
+seven-day JJ I-NP
+compound NN I-NP
+yield NN I-NP
+of IN B-PP
+12.75 CD B-NP
+% NN I-NP
+. . O
+
+That DT B-NP
+included VBN B-VP
+capital NN B-NP
+gains NNS I-NP
+that WDT B-NP
+were VBD B-VP
+passed VBN I-VP
+along IN B-ADVP
+to TO B-PP
+customers NNS B-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+other JJ I-NP
+high-yielding JJ I-NP
+funds NNS I-NP
+, , O
+Fidelity NNP B-NP
+'s POS B-NP
+Spartan NNP I-NP
+Fund NNP I-NP
+had VBD B-VP
+a DT B-NP
+seven-day JJ I-NP
+compound NN I-NP
+yield NN I-NP
+of IN B-PP
+9.33 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+week NN I-NP
+. . O
+
+The DT B-NP
+seven-day JJ I-NP
+compound NN I-NP
+yield NN I-NP
+of IN B-PP
+the DT B-NP
+Dreyfus NNP I-NP
+Worldwide NNP I-NP
+Dollar NNP I-NP
+Fund NNP I-NP
+was VBD B-VP
+9.51 CD B-NP
+% NN I-NP
+. . O
+
+whose WP$ B-NP
+Della NNP I-NP
+Femina NNP I-NP
+McNamee NNP I-NP
+WCRS NNP I-NP
+agency NN I-NP
+created VBD B-VP
+liar NN B-NP
+Joe NNP I-NP
+Isuzu NNP I-NP
+, , O
+among IN B-PP
+others NNS B-NP
+-- : O
+announced VBD B-VP
+a DT B-NP
+massive JJ I-NP
+restructuring NN I-NP
+that WDT B-NP
+largely RB B-VP
+removes VBZ I-VP
+it PRP B-NP
+from IN B-PP
+the DT B-NP
+advertising NN I-NP
+business NN I-NP
+and CC O
+includes VBZ B-VP
+selling VBG I-VP
+the DT B-NP
+majority NN I-NP
+of IN B-PP
+its PRP$ B-NP
+advertising NN I-NP
+unit NN I-NP
+to TO B-PP
+Paris-based JJ B-NP
+Eurocom NNP I-NP
+. . O
+
+The DT B-NP
+complex JJ I-NP
+restructuring NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+long RB I-VP
+expected VBN I-VP
+, , O
+transforms VBZ B-VP
+London-based NNP B-NP
+WCRS NNP I-NP
+from IN B-PP
+primarily RB B-NP
+a DT I-NP
+creator NN I-NP
+of IN B-PP
+advertising NN B-NP
+into IN B-PP
+one CD B-NP
+of IN B-PP
+Europe NNP B-NP
+'s POS B-NP
+largest JJS I-NP
+buyers NNS I-NP
+of IN B-PP
+advertising NN B-NP
+time NN I-NP
+and CC I-NP
+space NN I-NP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+creates VBZ B-VP
+a DT B-NP
+newly RB I-NP
+merged VBN I-NP
+world-wide JJ I-NP
+ad NN I-NP
+agency NN I-NP
+controlled VBN B-VP
+by IN B-PP
+Eurocom NNP B-NP
+and CC O
+headed VBN B-VP
+jointly RB B-ADVP
+by IN B-PP
+New NNP B-NP
+York NNP I-NP
+ad NN I-NP
+man NN I-NP
+Jerry NNP I-NP
+Della NNP I-NP
+Femina NNP I-NP
+and CC O
+two CD B-NP
+top JJ I-NP
+WCRS NNP I-NP
+executives NNS I-NP
+. . O
+
+The DT B-NP
+merged VBN I-NP
+agency NN I-NP
+'s POS I-NP
+admittedly RB B-ADJP
+ambitious JJ I-ADJP
+goal NN B-NP
+: : O
+to TO B-VP
+become VB I-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+10 CD I-NP
+largest JJS I-NP
+agencies NNS I-NP
+, , O
+while IN B-SBAR
+attracting VBG B-VP
+more RBR B-NP
+multinational JJ I-NP
+clients NNS I-NP
+than IN B-PP
+the DT B-NP
+agencies NNS I-NP
+were VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+attract VB I-VP
+alone RB B-ADVP
+. . O
+
+WCRS NNP B-NP
+'s POS B-NP
+restructuring NN I-NP
+reflects VBZ B-VP
+the DT B-NP
+growing VBG I-NP
+importance NN I-NP
+of IN B-PP
+media NNS B-NP
+buying VBG I-NP
+in IN B-PP
+Europe NNP B-NP
+, , O
+where WRB B-ADVP
+the DT B-NP
+only JJ I-NP
+way NN I-NP
+to TO B-VP
+get VB I-VP
+a DT B-NP
+good JJ I-NP
+price NN I-NP
+on IN B-PP
+advertising NN B-NP
+time NN I-NP
+and CC I-NP
+space NN I-NP
+is VBZ B-VP
+to TO B-VP
+buy VB I-VP
+it PRP B-NP
+in IN B-PP
+bulk NN B-NP
+. . O
+
+For IN B-PP
+Eurocom NNP B-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+the DT B-NP
+move NN I-NP
+gives VBZ B-VP
+it PRP B-NP
+a DT B-NP
+strong JJ I-NP
+U.S. NNP I-NP
+foothold NN I-NP
+in IN B-PP
+Della NNP B-NP
+Femina NNP I-NP
+, , O
+and CC O
+more JJR B-VP
+than IN I-VP
+quadruples VBZ I-VP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+its PRP$ B-NP
+ad NN I-NP
+agency NN I-NP
+business NN I-NP
+world-wide JJ B-ADVP
+. . O
+
+It PRP B-NP
+also RB B-ADVP
+gives VBZ B-VP
+the DT B-NP
+outspoken JJ I-NP
+Mr. NNP I-NP
+Della NNP I-NP
+Femina NNP I-NP
+-- : O
+who WP B-NP
+often RB B-ADVP
+generates VBZ B-VP
+as IN B-NP
+much JJ I-NP
+publicity NN I-NP
+for IN B-PP
+himself PRP B-NP
+as IN B-PP
+for IN B-PP
+his PRP$ B-NP
+clients NNS I-NP
+-- : O
+an DT B-NP
+international JJ I-NP
+platform NN I-NP
+that IN B-NP
+he PRP B-NP
+most RBS B-ADVP
+certainly RB I-ADVP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+loath JJ B-ADJP
+to TO B-VP
+use VB I-VP
+. . O
+
+According VBG B-PP
+to TO B-PP
+terms NNS B-NP
+, , O
+WCRS NNP B-NP
+will MD B-VP
+pay VB I-VP
+2.02 CD B-NP
+billion CD I-NP
+French JJ I-NP
+francs NNS I-NP
+-LRB- ( O
+$ $ B-NP
+318.6 CD I-NP
+million CD I-NP
+-RRB- ) O
+for IN B-PP
+the DT B-NP
+50 CD I-NP
+% NN I-NP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+already RB I-VP
+own JJ I-VP
+of IN B-PP
+Carat NNP B-NP
+Holding NNP I-NP
+S.A. NNP I-NP
+, , O
+one CD B-NP
+of IN B-PP
+Europe NNP B-NP
+'s POS B-NP
+largest JJS I-NP
+media NNS I-NP
+buyers NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+Eurocom NNP B-NP
+, , O
+which WDT B-NP
+had VBD B-VP
+held VBN I-VP
+20 CD B-NP
+% NN I-NP
+of IN B-PP
+WCRS NNP B-NP
+'s POS B-NP
+ad NN I-NP
+unit NN I-NP
+, , O
+will MD B-VP
+pay VB I-VP
+# # B-NP
+43.5 CD I-NP
+million CD I-NP
+-LRB- ( O
+$ $ B-NP
+68.5 CD I-NP
+million CD I-NP
+-RRB- ) O
+to TO B-VP
+raise VB I-VP
+its PRP$ B-NP
+stake NN I-NP
+to TO B-PP
+60 CD B-NP
+% NN I-NP
+. . O
+
+That DT B-NP
+price NN I-NP
+also RB B-ADVP
+covers VBZ B-VP
+Eurocom NNP B-NP
+raising VBG B-VP
+to TO B-PP
+60 CD B-NP
+% VB I-NP
+its PRP$ B-NP
+51 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+Europe NNP B-NP
+'s POS B-NP
+Belier NNP I-NP
+Group NNP I-NP
+, , O
+a DT B-NP
+joint JJ I-NP
+venture NN I-NP
+ad NN I-NP
+agency NN I-NP
+network NN I-NP
+it PRP B-NP
+owns VBZ B-VP
+with IN B-PP
+WCRS NNP B-NP
+. . O
+
+Eurocom NNP B-NP
+will MD B-VP
+also RB I-VP
+have VB I-VP
+the DT B-NP
+right NN I-NP
+to TO B-VP
+buy VB I-VP
+the DT B-NP
+remaining VBG I-NP
+40 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+merged VBN I-NP
+ad NN I-NP
+agency NN I-NP
+group NN I-NP
+in IN B-PP
+six CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+transaction NN I-NP
+places VBZ B-VP
+the DT B-NP
+three CD I-NP
+executives NNS I-NP
+squarely RB B-ADVP
+at IN B-PP
+the DT B-NP
+helm NN I-NP
+of IN B-PP
+a DT B-NP
+major JJ I-NP
+agency NN I-NP
+with IN B-PP
+the DT B-NP
+rather RB I-NP
+unwieldy JJ I-NP
+name NN I-NP
+of IN B-PP
+Eurocom NNP B-NP
+WCRS NNP I-NP
+Della NNP I-NP
+Femina NNP I-NP
+Ball NNP I-NP
+Ltd. NNP I-NP
+, , O
+or CC O
+EWDB NNP B-NP
+. . O
+
+The DT B-NP
+merged VBN I-NP
+agency NN I-NP
+will MD B-VP
+include VB I-VP
+Della NNP B-NP
+Femina NNP I-NP
+McNamee NNP I-NP
+based VBD B-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+Eurocom NNP B-NP
+'s POS B-NP
+various JJ I-NP
+agencies NNS I-NP
+in IN B-PP
+France NNP B-NP
+, , O
+the DT B-NP
+Belier NNP I-NP
+Group NNP I-NP
+in IN B-PP
+Europe NNP B-NP
+and CC O
+WCRS NNP B-NP
+'s POS B-NP
+other JJ I-NP
+advertising NN I-NP
+and CC I-NP
+direct JJ I-NP
+marketing NN I-NP
+operations NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Della NNP I-NP
+Femina NNP I-NP
+will MD B-VP
+be VB I-VP
+joint JJ B-NP
+chairman NN I-NP
+with IN B-PP
+former JJ B-NP
+WCRS NNP I-NP
+executive NN I-NP
+Robin NNP I-NP
+Wight NNP I-NP
+. . O
+
+Both DT B-NP
+will MD B-VP
+report VB I-VP
+to TO B-PP
+Tim NNP B-NP
+Breene NNP I-NP
+, , O
+a DT B-NP
+former JJ I-NP
+WCRS NNP I-NP
+executive NN I-NP
+who WP B-NP
+will MD B-VP
+be VB I-VP
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+at IN B-PP
+the DT B-NP
+new JJ I-NP
+agency NN I-NP
+. . O
+
+In IN B-PP
+an DT B-NP
+interview NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+Mr. NNP B-NP
+Breene NNP I-NP
+, , O
+fresh JJ B-ADJP
+from IN B-PP
+a DT B-NP
+Concorde NNP I-NP
+flight NN I-NP
+from IN B-PP
+Paris NNP B-NP
+where WRB B-ADVP
+executives NNS B-NP
+had VBD B-VP
+worked VBN I-VP
+through IN B-PP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+night NN I-NP
+, , O
+outlined VBN B-VP
+big JJ B-NP
+plans NNS I-NP
+for IN B-PP
+the DT B-NP
+new JJ I-NP
+agency NN I-NP
+. . O
+
+`` `` O
+Our PRP$ B-NP
+goal NN I-NP
+is VBZ B-VP
+to TO B-VP
+develop VB I-VP
+quite RB B-ADVP
+rapidly RB I-ADVP
+to TO B-PP
+a DT B-NP
+top-10 JJ I-NP
+position NN I-NP
+... : O
+by IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+three CD B-NP
+years NNS I-NP
+from IN B-PP
+now RB B-NP
+. . O
+
+It PRP B-NP
+implies VBZ B-VP
+very RB B-NP
+dramatic JJ I-NP
+growth NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+Eurocom NNP B-NP
+and CC I-NP
+WCRS NNP I-NP
+had VBD B-VP
+agreed VBN I-VP
+to TO I-VP
+provide VB I-VP
+a DT B-NP
+development NN I-NP
+fund NN I-NP
+of IN B-PP
+# # B-NP
+100 CD I-NP
+million CD I-NP
+for IN B-PP
+acquisitions NNS B-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+agency NN I-NP
+group NN I-NP
+is VBZ B-VP
+already RB B-ADVP
+in IN B-PP
+discussions NNS B-NP
+about IN B-PP
+a DT B-NP
+possible JJ I-NP
+purchase NN I-NP
+in IN B-PP
+Spain NNP B-NP
+, , O
+while IN B-SBAR
+Mr. NNP B-NP
+Breene NNP I-NP
+said VBD B-VP
+it PRP B-NP
+also RB B-ADVP
+plans VBZ B-VP
+to TO I-VP
+make VB I-VP
+acquisitions NNS B-NP
+in IN B-PP
+Scandinavia NNP B-NP
+, , I-NP
+Germany NNP I-NP
+and CC O
+elsewhere RB B-ADVP
+. . O
+
+Cracking VBG B-VP
+the DT B-NP
+top JJ I-NP
+10 CD I-NP
+within IN B-PP
+three CD B-NP
+years NNS I-NP
+will MD B-VP
+be VB I-VP
+difficult JJ B-ADJP
+at IN B-ADVP
+best JJS I-ADVP
+. . O
+
+Della NNP B-NP
+Femina NNP I-NP
+had VBD B-VP
+billings NNS B-NP
+of IN B-PP
+just RB B-NP
+$ $ I-NP
+660 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+and CC O
+ranked VBD B-VP
+as IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+'s POS B-NP
+24th-largest JJ I-NP
+ad NN I-NP
+agency NN I-NP
+. . O
+
+The DT B-NP
+merged VBN I-NP
+company NN I-NP
+that IN B-NP
+it PRP B-NP
+now RB B-ADVP
+becomes VBZ B-VP
+part NN B-NP
+of IN B-PP
+will MD B-VP
+have VB I-VP
+billings NNS B-NP
+of IN B-PP
+just RB B-NP
+more JJR I-NP
+than IN I-NP
+$ $ I-NP
+2.6 CD I-NP
+billion CD I-NP
+-- : O
+most RBS B-NP
+of IN B-PP
+that DT B-NP
+in NN B-PP
+Europe NNP B-NP
+-- : O
+bringing VBG B-VP
+it PRP B-NP
+to TO B-PP
+about IN B-NP
+14th JJ I-NP
+world-wide JJ B-ADVP
+. . O
+
+To TO B-VP
+make VB I-VP
+it PRP B-NP
+to TO B-PP
+top-10 JJ B-NP
+status NN I-NP
+, , O
+it PRP B-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+leapfrog VB I-VP
+over IN B-PP
+such JJ B-NP
+formidable JJ I-NP
+forces NNS I-NP
+as IN B-PP
+Grey NNP B-NP
+Advertising NNP I-NP
+, , O
+D'Arcy NNP B-NP
+Masius NNP I-NP
+Benton NNP I-NP
+& CC I-NP
+Bowles NNP I-NP
+and CC O
+Omnicom NNP B-NP
+'s POS B-NP
+DDB NNP I-NP
+Needham NNP I-NP
+. . O
+
+The DT B-NP
+merged VBN I-NP
+agency NN I-NP
+'s POS B-NP
+game NN I-NP
+plan NN I-NP
+to TO B-VP
+attract VB I-VP
+multinational JJ B-NP
+packaged-goods NNS I-NP
+advertisers NNS I-NP
+may MD B-VP
+prove VB I-VP
+equally RB B-ADJP
+difficult JJ I-ADJP
+. . O
+
+When WRB B-ADVP
+WCRS NNP B-NP
+created VBD B-VP
+Della NNP B-NP
+Femina NNP I-NP
+McNamee NNP I-NP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+merger NN I-NP
+of IN B-PP
+three CD B-NP
+smaller JJR I-NP
+agency NN I-NP
+units NNS I-NP
+in IN B-PP
+1988 CD B-NP
+, , O
+it PRP B-NP
+said VBD B-VP
+it PRP B-NP
+did VBD B-VP
+so RB B-ADVP
+in IN B-SBAR
+order NN O
+to TO B-VP
+attract VB I-VP
+larger JJR B-NP
+clients NNS I-NP
+, , O
+especially RB B-ADVP
+packaged-goods NNS B-NP
+companies NNS I-NP
+. . O
+
+Since IN B-PP
+then RB B-NP
+, , O
+Della NNP B-NP
+Femina NNP I-NP
+won VBD B-VP
+Pan NNP B-NP
+Am NNP I-NP
+as IN B-PP
+an DT B-NP
+international JJ I-NP
+client NN I-NP
+and CC O
+also RB B-ADVP
+does VBZ B-VP
+work NN B-NP
+for IN B-PP
+a DT B-NP
+few JJ I-NP
+packaged-goods NNS I-NP
+clients NNS I-NP
+, , O
+including VBG B-PP
+Dow NNP B-NP
+Chemical NNP I-NP
+Co. NNP I-NP
+'s POS B-NP
+Saran NNP I-NP
+Wrap NNP I-NP
+. . O
+
+But CC O
+major JJ B-NP
+packaged-goods NNS I-NP
+players NNS I-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+-- : O
+such JJ B-PP
+as IN I-PP
+Procter NNP B-NP
+& CC I-NP
+Gamble NNP I-NP
+, , O
+Colgate-Palmolive NNP B-NP
+and CC O
+Unilever NNP B-NP
+-- : O
+have VBP B-VP
+steadfastly RB I-VP
+eluded VBN I-VP
+the DT B-NP
+agency NN I-NP
+. . O
+
+`` `` O
+Three CD B-NP
+of IN B-PP
+our PRP$ B-NP
+favorite JJ I-NP
+names NNS I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Della NNP I-NP
+Femina NNP I-NP
+calls VBZ B-VP
+that DT B-NP
+roster NN I-NP
+, , O
+adding VBG B-VP
+hopefully RB B-ADVP
+, , O
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+a DT O
+much RB B-ADVP
+more RBR I-ADVP
+attractive JJ B-NP
+agency NN I-NP
+to TO B-PP
+large JJ B-NP
+multinationals NNS I-NP
+today NN B-NP
+than IN B-SBAR
+we PRP B-NP
+were VBD B-VP
+yesterday NN B-NP
+. . O
+'' '' O
+
+Still RB B-ADVP
+, , O
+the DT B-NP
+restructuring NN I-NP
+could MD B-VP
+create VB I-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+powerful JJ I-NP
+alliances NNS I-NP
+between IN B-PP
+advertising NN B-NP
+and CC I-NP
+media-buying JJ I-NP
+firms NNS I-NP
+that IN B-NP
+Europe NNP B-NP
+has VBZ B-VP
+seen VBN I-VP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+the DT B-NP
+restructuring NN I-NP
+, , O
+WCRS NNP B-NP
+and CC I-NP
+Eurocom NNP I-NP
+said VBD B-VP
+they PRP B-NP
+will MD B-VP
+look VB I-VP
+for IN B-PP
+ways NNS B-NP
+to TO B-VP
+combine VB I-VP
+their PRP$ B-NP
+media NNS I-NP
+buying VBG I-NP
+across IN B-PP
+Europe NNP B-NP
+. . O
+
+What WP B-NP
+'s VBZ B-VP
+more JJR B-ADJP
+, , O
+both DT B-NP
+Eurocom NNP B-NP
+and CC O
+brothers NNS B-NP
+Francis NNP I-NP
+and CC I-NP
+Gilbert NNP I-NP
+Gross NNP I-NP
+, , O
+who WP B-NP
+founded VBD B-VP
+Carat NNP B-NP
+, , O
+will MD B-VP
+acquire VB I-VP
+14.99 CD B-NP
+% NN I-NP
+stakes NNS I-NP
+in IN B-PP
+WCRS NNP B-NP
+Group NNP I-NP
+, , O
+creating VBG B-VP
+a DT B-NP
+powerful JJ I-NP
+link NN I-NP
+between IN B-PP
+Eurocom NNP B-NP
+and CC I-NP
+Carat NNP I-NP
+. . O
+
+Carat NNP B-NP
+will MD B-VP
+receive VB I-VP
+its PRP$ B-NP
+WCRS NNP I-NP
+stake NN I-NP
+as IN B-PP
+part NN B-NP
+of IN B-PP
+payment NN B-NP
+for IN B-PP
+the DT B-NP
+50 CD I-NP
+% NN I-NP
+Carat NNP I-NP
+stake NN I-NP
+that IN B-NP
+WCRS NNP B-NP
+is VBZ B-VP
+buying VBG I-VP
+, , O
+while IN B-SBAR
+Eurocom NNP B-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+pay VB I-VP
+about IN B-NP
+# # I-NP
+32 CD I-NP
+million CD I-NP
+for IN B-PP
+its PRP$ B-NP
+WCRS NNP I-NP
+stake NN I-NP
+. . O
+
+Mr. NNP B-NP
+Della NNP I-NP
+Femina NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+remain VB I-VP
+heavily RB B-ADJP
+involved VBN I-ADJP
+in IN B-PP
+the DT B-NP
+creative JJ I-NP
+product NN I-NP
+at IN B-PP
+the DT B-NP
+world-wide JJ I-NP
+agency NN I-NP
+, , O
+serving VBG B-VP
+as IN B-PP
+a DT B-NP
+sort NN I-NP
+of IN B-PP
+`` `` O
+creative JJ B-NP
+conscience NN I-NP
+. . O
+'' '' O
+
+Louise NNP B-NP
+McNamee NNP I-NP
+, , O
+Della NNP B-NP
+Femina NNP I-NP
+'s POS B-NP
+president NN I-NP
+, , O
+will MD B-VP
+continue VB I-VP
+running VBG I-VP
+the DT B-NP
+U.S. NNP I-NP
+agency NN I-NP
+day-to-day JJ B-ADVP
+. . O
+
+They PRP B-NP
+and CC O
+other JJ B-NP
+top JJ I-NP
+executives NNS I-NP
+signed VBD B-VP
+long-term JJ B-NP
+employment NN I-NP
+contracts NNS I-NP
+and CC O
+Mr. NNP B-NP
+Della NNP I-NP
+Femina NNP I-NP
+will MD B-VP
+receive VB I-VP
+an DT B-NP
+additional JJ I-NP
+multimillion-dollar JJ I-NP
+sum NN I-NP
+, , O
+which WDT B-NP
+some DT B-NP
+industry NN I-NP
+executives NNS I-NP
+pegged VBN B-VP
+at IN B-PP
+about RB B-NP
+$ $ I-NP
+10 CD I-NP
+million CD I-NP
+. . O
+
+WCRS NNP B-NP
+Group NNP I-NP
+, , O
+for IN B-PP
+its PRP$ B-NP
+part NN I-NP
+, , O
+will MD B-VP
+now RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+follow VB I-VP
+its PRP$ B-NP
+longstanding JJ I-NP
+plan NN I-NP
+of IN B-PP
+becoming VBG B-VP
+`` `` O
+a DT B-NP
+holding VBG I-NP
+company NN I-NP
+for IN B-PP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+media-related JJ B-NP
+businesses NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Peter NNP B-NP
+Scott NNP I-NP
+, , O
+the DT B-NP
+firm NN I-NP
+'s POS B-NP
+chief JJ I-NP
+executive NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+to TO B-PP
+Carat NNP B-NP
+, , O
+WCRS NNP B-NP
+will MD B-VP
+hold VB I-VP
+onto IN B-PP
+its PRP$ B-NP
+public JJ I-NP
+relations NNS I-NP
+, , I-NP
+TV NN I-NP
+programming NN I-NP
+and CC I-NP
+other JJ I-NP
+businesses NNS I-NP
+. . O
+
+WCRS NNP B-NP
+says VBZ B-VP
+its PRP$ B-NP
+debt NN I-NP
+will MD B-VP
+be VB I-VP
+cut VBN I-VP
+to TO B-PP
+# # B-NP
+24 CD I-NP
+million CD I-NP
+from IN B-PP
+# # B-NP
+66 CD I-NP
+million CD I-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+transaction NN I-NP
+. . O
+
+For IN B-PP
+Carat NNP B-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+the DT B-NP
+alliance NN I-NP
+with IN B-PP
+Eurocom NNP B-NP
+and CC I-NP
+WCRS NNP I-NP
+is VBZ B-VP
+intended VBN I-VP
+to TO I-VP
+strengthen VB I-VP
+its PRP$ B-NP
+own JJ I-NP
+push NN I-NP
+outside IN B-PP
+France NNP B-NP
+. . O
+
+Carat NNP B-NP
+'s POS B-NP
+Gross NNP I-NP
+brothers NNS I-NP
+invented VBD B-VP
+the DT B-NP
+idea NN I-NP
+of IN B-PP
+large-scale JJ B-NP
+buying NN I-NP
+of IN B-PP
+media NNS B-NP
+space NN I-NP
+. . O
+
+By IN B-PP
+buying VBG B-VP
+the DT B-NP
+space NN I-NP
+in IN B-PP
+bulk NN B-NP
+, , O
+they PRP B-NP
+obtain VBP B-VP
+discounts NNS B-NP
+as RB B-ADJP
+high JJ I-ADJP
+as IN B-PP
+50 CD B-NP
+% NN I-NP
+, , O
+which WDT B-NP
+they PRP B-NP
+can MD B-VP
+pass VB I-VP
+on IN B-ADVP
+to TO B-PP
+customers NNS B-NP
+. . O
+
+They PRP B-NP
+thus RB B-ADVP
+have VBP B-VP
+won VBN I-VP
+the DT B-NP
+French JJ I-NP
+space-buying NN I-NP
+business NN I-NP
+of IN B-PP
+such JJ B-NP
+advertising NN I-NP
+giants NNS I-NP
+as IN B-PP
+Coca-Cola NNP B-NP
+Co. NNP I-NP
+, , O
+Fiat NNP B-NP
+S.p NNP I-NP
+. . I-NP
+A. NNP I-NP
+, , O
+Gillette NNP B-NP
+and CC O
+Kodak NNP B-NP
+. . O
+
+But CC O
+now RB B-ADVP
+, , O
+other JJ B-NP
+agencies NNS I-NP
+are VBP B-VP
+getting VBG I-VP
+into IN B-PP
+the DT B-NP
+business NN I-NP
+with IN B-PP
+their PRP$ B-NP
+own JJ I-NP
+competing VBG I-NP
+media-buying JJ I-NP
+groups NNS I-NP
+-- : O
+and CC O
+Carat NNP B-NP
+wants VBZ B-VP
+to TO I-VP
+expand VB I-VP
+to TO B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+Europe NNP B-NP
+. . O
+
+To TO B-VP
+help VB I-VP
+finance VB I-VP
+the DT B-NP
+Carat NNP I-NP
+purchase NN I-NP
+, , O
+WCRS NNP B-NP
+said VBD B-VP
+it PRP B-NP
+plans VBZ B-VP
+an DT B-NP
+issue NN I-NP
+of IN B-PP
+Euroconvertible JJ B-NP
+preferred JJ I-NP
+shares NNS I-NP
+once RB B-SBAR
+the DT B-NP
+market NN I-NP
+settles VBZ B-VP
+down RB B-ADVP
+. . O
+
+But CC O
+WCRS NNP B-NP
+added VBD B-VP
+that IN B-SBAR
+`` `` O
+in IN B-PP
+the DT B-NP
+light NN I-NP
+of IN B-PP
+the DT B-NP
+current JJ I-NP
+uncertainty NN I-NP
+in IN B-PP
+the DT B-NP
+equity NN I-NP
+markets NNS I-NP
+, , O
+'' '' O
+it PRP B-NP
+has VBZ B-VP
+arranged VBN I-VP
+medium-term JJ B-NP
+debt NN I-NP
+financing NN I-NP
+, , O
+which WDT B-NP
+would MD B-VP
+be VB I-VP
+underwritten VBN I-VP
+by IN B-PP
+Samuel NNP B-NP
+Montagu NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+Ltd NNP I-NP
+. . O
+
+Earthquake NN B-NP
+'s POS B-NP
+Damage NN I-NP
+
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+brought VBD B-VP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+ad NN I-NP
+scene NN I-NP
+to TO B-PP
+a DT B-NP
+screeching VBG I-NP
+halt NN I-NP
+yesterday NN B-NP
+, , O
+with IN B-PP
+only RB B-NP
+a DT I-NP
+few JJ I-NP
+staffers NNS I-NP
+showing VBG B-VP
+up IN B-PRT
+at IN B-PP
+their PRP$ B-NP
+offices NNS I-NP
+, , O
+mainly RB B-ADVP
+to TO B-VP
+survey VB I-VP
+the DT B-NP
+damage NN I-NP
+or CC O
+to TO B-VP
+wring VB I-VP
+their PRP$ B-NP
+hands NNS I-NP
+about IN B-PP
+imminent JJ B-NP
+new-business NN I-NP
+presentations NNS I-NP
+. . O
+
+While IN B-SBAR
+no DT B-NP
+agencies NNS I-NP
+reported VBD B-VP
+injuries NNS B-NP
+to TO B-PP
+employees NNS B-NP
+, , O
+the DT B-NP
+quake NN I-NP
+damaged VBD B-VP
+the DT B-NP
+offices NNS I-NP
+of IN B-PP
+J. NNP B-NP
+Walter NNP I-NP
+Thompson NNP I-NP
+, , O
+Chiat\/Day\/Mojo NNP B-NP
+and CC O
+DDB NNP B-NP
+Needham NNP I-NP
+, , O
+among IN B-PP
+others NNS B-NP
+, , O
+spokesmen NNS B-NP
+for IN B-PP
+those DT B-NP
+agencies NNS I-NP
+said VBD B-VP
+. . O
+
+Staffers NNS B-NP
+at IN B-PP
+Thompson NNP B-NP
+, , O
+whose WP$ B-NP
+offices NNS I-NP
+are VBP B-VP
+in IN B-PP
+the DT B-NP
+ultramodern JJ I-NP
+Embarcadero NNP I-NP
+Center NNP I-NP
+, , O
+watched VBD B-VP
+pictures NNS B-NP
+drop VBP B-VP
+from IN B-PP
+the DT B-NP
+walls NNS I-NP
+and CC O
+then RB O
+felt VBD B-VP
+the DT B-NP
+skyscraper NN I-NP
+sway NN B-VP
+seven CD B-NP
+to TO I-NP
+eight CD I-NP
+feet NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+a DT B-NP
+spokeswoman NN I-NP
+. . O
+
+Plaster NNP B-NP
+fell VBD B-VP
+and CC O
+windows NNS B-NP
+were VBD B-VP
+broken VBN I-VP
+at IN B-PP
+Chiat\/Day\/Mojo NNP B-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+that DT B-NP
+agency NN I-NP
+said VBD B-VP
+. . O
+
+Late JJ B-NP
+yesterday NN I-NP
+afternoon NN I-NP
+, , O
+DDB NNP B-NP
+Needham NNP I-NP
+executives NNS I-NP
+were VBD B-VP
+scrambling VBG I-VP
+to TO I-VP
+figure VB I-VP
+out IN B-PRT
+what WP B-NP
+to TO B-VP
+do VB I-VP
+about IN B-PP
+a DT B-NP
+new JJ I-NP
+business NN I-NP
+presentation NN I-NP
+that WDT B-NP
+had VBD B-VP
+been VBN I-VP
+scheduled VBN I-VP
+for IN B-PP
+today NN B-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+DDB NNP B-NP
+Needham NNP I-NP
+'s POS B-NP
+office NN I-NP
+building NN I-NP
+may MD B-VP
+have VB I-VP
+sustained VBN I-VP
+structural JJ B-NP
+damage NN I-NP
+, , O
+the DT B-NP
+spokesman NN I-NP
+added VBD B-VP
+. . O
+
+`` `` O
+All DT B-NP
+operations NNS I-NP
+have VBP B-VP
+stopped VBN I-VP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+A DT B-NP
+number NN I-NP
+of IN B-PP
+agencies NNS B-NP
+, , O
+including VBG B-PP
+Thompson NNP B-NP
+and CC I-NP
+Foote NNP I-NP
+, , I-NP
+Cone NNP I-NP
+& CC I-NP
+Belding NNP I-NP
+, , O
+said VBD B-VP
+some DT B-NP
+employees NNS I-NP
+who WP B-NP
+live VBP B-VP
+outside IN B-PP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+fearful JJ B-ADJP
+that IN B-SBAR
+they PRP B-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+able JJ B-ADJP
+to TO B-VP
+get VB I-VP
+home NN B-ADVP
+, , O
+spent VBD B-VP
+the DT B-NP
+night NN I-NP
+at IN B-PP
+the DT B-NP
+agency NN I-NP
+. . O
+
+Ad NN B-NP
+Notes NNS I-NP
+... : O
+. . O
+
+NEW JJ B-NP
+ACCOUNT NN I-NP
+: : O
+
+Chesebrough-Pond NNP B-NP
+'s POS B-NP
+Inc. NNP I-NP
+, , O
+Greenwich NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+awarded VBD B-VP
+its PRP$ B-NP
+Faberge NNP I-NP
+hair NN I-NP
+care NN I-NP
+accounts NNS I-NP
+to TO B-PP
+J. NNP B-NP
+Walter NNP I-NP
+Thompson NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+. . O
+
+Thompson NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+WPP NNP B-NP
+Group NNP I-NP
+, , O
+will MD B-VP
+handle VB I-VP
+Faberge NNP B-NP
+Organic NNP I-NP
+shampoo NN I-NP
+and CC I-NP
+conditioner NN I-NP
+and CC O
+Aqua NNP B-NP
+Net JJ I-NP
+hairspray NN I-NP
+. . O
+
+The DT B-NP
+accounts NNS I-NP
+, , O
+which WDT B-NP
+billed VBD B-VP
+about RB B-NP
+$ $ I-NP
+7 CD I-NP
+million CD I-NP
+last JJ B-NP
+year NN I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Leading VBG B-NP
+National NNP I-NP
+Advertisers NNS I-NP
+, , O
+were VBD B-VP
+previously RB I-VP
+handled VBN I-VP
+at IN B-PP
+Bozell NNP B-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+. . O
+
+WHO WP B-NP
+'S VBZ B-VP
+NEWS NN B-NP
+: : O
+
+William NNP B-NP
+Morrissey NNP I-NP
+, , O
+44 CD B-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+executive JJ B-NP
+vice NN I-NP
+president NN I-NP
+, , O
+world-wide JJ B-NP
+director NN I-NP
+of IN B-PP
+McCann NNP B-NP
+Direct JJ I-NP
+, , O
+the DT B-NP
+direct JJ I-NP
+marketing NN I-NP
+unit NN I-NP
+of IN B-PP
+Interpublic NNP B-NP
+Group NNP I-NP
+'s POS B-NP
+McCann-Erickson NNP I-NP
+agency NN I-NP
+. . O
+
+He PRP B-NP
+had VBD B-VP
+been VBN I-VP
+president NN B-NP
+and CC O
+chief JJ B-NP
+operating VBG I-NP
+officer NN I-NP
+of IN B-PP
+Ogilvy NNP B-NP
+& CC I-NP
+Mather NNP I-NP
+Direct JJ I-NP
+. . O
+
+BOZELL NNP B-NP
+: : O
+
+Los NNP B-NP
+Angeles NNP I-NP
+will MD B-VP
+be VB I-VP
+the DT B-NP
+site NN I-NP
+of IN B-PP
+a DT B-NP
+new JJ I-NP
+entertainment NN I-NP
+division NN I-NP
+for IN B-PP
+the DT B-NP
+ad NN I-NP
+agency NN I-NP
+. . O
+
+The DT B-NP
+division NN I-NP
+will MD B-VP
+be VB I-VP
+headed VBN I-VP
+by IN B-PP
+Dick NNP B-NP
+Porter NNP I-NP
+, , O
+who WP B-NP
+returns VBZ B-VP
+to TO B-PP
+Bozell NNP B-NP
+after IN B-PP
+being VBG B-VP
+vice NN B-NP
+president NN I-NP
+of IN B-PP
+media NNS B-NP
+at IN B-PP
+MGM NNP B-NP
+. . O
+
+AC&R NNP B-NP
+ADVERTISING NNP I-NP
+: : O
+
+The DT B-NP
+agency NN I-NP
+'s POS B-NP
+three CD I-NP
+California NNP I-NP
+offices NNS I-NP
+, , O
+previously RB B-VP
+called VBN I-VP
+AC&R\/CCL NNP B-NP
+Advertising NNP I-NP
+, , O
+will MD B-VP
+now RB I-VP
+be VB I-VP
+called VBN I-VP
+AC&R NNP B-NP
+Advertising NNP I-NP
+to TO B-VP
+match VB I-VP
+the DT B-NP
+name NN I-NP
+of IN B-PP
+its PRP$ B-NP
+New NNP I-NP
+York NNP I-NP
+office NN I-NP
+. . O
+
+AC&R NNP B-NP
+Advertising NNP I-NP
+is VBZ B-VP
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Saatchi NNP B-NP
+& CC I-NP
+Saatchi NNP I-NP
+Co NNP I-NP
+. . O
+
+NEW JJ B-NP
+BEER NN I-NP
+: : O
+
+Sibra NNP B-NP
+Products NNP I-NP
+Inc. NNP I-NP
+, , O
+Greenwich NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+awarded VBD B-VP
+its PRP$ B-NP
+Cardinal NNP I-NP
+Amber NNP I-NP
+Light NNP I-NP
+beer NN I-NP
+account NN I-NP
+to TO B-PP
+Heidelberg NNP B-NP
+& CC I-NP
+Associates NNPS I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+. . O
+
+Budget NNP B-NP
+is VBZ B-VP
+set VBN I-VP
+at IN B-PP
+$ $ B-NP
+1.5 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+beer NN I-NP
+, , O
+introduced VBD B-VP
+this DT B-NP
+week NN I-NP
+at IN B-PP
+a DT B-NP
+liquor NN I-NP
+industry NN I-NP
+convention NN I-NP
+, , O
+is VBZ B-VP
+imported VBN I-VP
+from IN B-PP
+Switzerland NNP B-NP
+'s POS B-NP
+Cardinal NNP I-NP
+brewery NN I-NP
+. . O
+
+Heidelberg NNP B-NP
+'s POS B-NP
+first JJ I-NP
+ads NNS I-NP
+for IN B-PP
+the DT B-NP
+brand NN I-NP
+, , O
+which WDT B-NP
+Sibra NNP B-NP
+says VBZ B-VP
+will MD B-VP
+compete VB I-VP
+with IN B-PP
+imported VBN B-NP
+light NN I-NP
+beer NN I-NP
+leader NN I-NP
+Amstel NNP I-NP
+Light NNP I-NP
+, , O
+feature NN B-VP
+the DT B-NP
+line NN I-NP
+`` `` O
+The DT B-NP
+best JJS I-NP
+tasting VBG I-NP
+light NN I-NP
+beer NN I-NP
+you PRP B-NP
+'ve VBP B-VP
+ever RB I-VP
+seen VBN I-VP
+. . O
+
+Diamond-Star NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+joint JJ I-NP
+venture NN I-NP
+of IN B-PP
+Chrysler NNP B-NP
+Corp. NNP I-NP
+and CC O
+Mitsubishi NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+begin VB I-VP
+shipping VBG I-VP
+Mitsubishi NNP B-NP
+Eclipse NNP I-NP
+cars NNS I-NP
+to TO B-PP
+Japan NNP B-NP
+next JJ B-NP
+week NN I-NP
+, , O
+emulating VBG B-VP
+other JJ B-NP
+Japanese JJ I-NP
+auto NN I-NP
+ventures NNS I-NP
+shipping VBG B-VP
+U.S.-built JJ B-NP
+vehicles NNS I-NP
+back RB B-ADVP
+to TO B-PP
+Japan NNP B-NP
+. . O
+
+Diamond-Star NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+export VB I-VP
+about IN B-NP
+1,500 CD I-NP
+Eclipse NNP I-NP
+cars NNS I-NP
+to TO B-PP
+Japan NNP B-NP
+by IN B-PP
+year NN B-NP
+'s POS B-NP
+end NN I-NP
+. . O
+
+Honda NNP B-NP
+Motor NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+first JJ I-NP
+Japanese JJ I-NP
+auto NN I-NP
+maker NN I-NP
+to TO B-VP
+ship VB I-VP
+cars NNS B-NP
+to TO B-PP
+Japan NNP B-NP
+from IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+is VBZ B-VP
+now RB I-VP
+exporting VBG I-VP
+more JJR B-NP
+than IN I-NP
+5,000 CD I-NP
+Accord NNP I-NP
+Coupes NNP I-NP
+a DT B-NP
+year NN I-NP
+from IN B-PP
+its PRP$ B-NP
+Marysville NNP I-NP
+, , I-NP
+Ohio NNP I-NP
+, , I-NP
+factory NN I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+remarkable JJ I-NP
+features NNS I-NP
+of IN B-PP
+the DT B-NP
+forced VBN I-NP
+marches NNS I-NP
+of IN B-PP
+the DT B-NP
+ethnic JJ I-NP
+Turks NNPS I-NP
+out IN B-PP
+of IN B-PP
+Bulgaria NNP B-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+five CD I-NP
+months NNS I-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+lack NN I-NP
+of IN B-PP
+international JJ B-NP
+attention NN I-NP
+. . O
+
+The DT B-NP
+deportation NN I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+315,000 CD I-NP
+men NNS I-NP
+, , I-NP
+women NNS I-NP
+and CC I-NP
+children NNS I-NP
+by IN B-PP
+the DT B-NP
+Bulgarian JJ I-NP
+regime NN I-NP
+adds VBZ B-VP
+up IN B-PRT
+to TO B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+largest JJS I-NP
+migrations NNS I-NP
+seen VBN B-VP
+in IN B-PP
+the DT B-NP
+postwar JJ I-NP
+years NNS I-NP
+. . O
+
+Yet RB O
+some DT B-NP
+people NNS I-NP
+are VBP B-VP
+advancing VBG I-VP
+a DT B-NP
+chilling VBG I-NP
+casuistry NN I-NP
+: : O
+that IN B-SBAR
+what WP B-NP
+we PRP B-NP
+are VBP B-VP
+seeing VBG I-VP
+is VBZ B-VP
+somehow RB B-ADVP
+the DT B-NP
+understandable JJ I-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+historical JJ I-NP
+sins NNS I-NP
+committed VBN B-VP
+by IN B-PP
+the DT B-NP
+Turks NNPS I-NP
+in IN B-PP
+the DT B-NP
+16th JJ I-NP
+century NN I-NP
+. . O
+
+Today NN B-NP
+'s POS B-NP
+Turks NNPS I-NP
+in IN B-PP
+Bulgaria NNP B-NP
+, , O
+in IN B-PP
+other JJ B-NP
+words NNS I-NP
+, , O
+deserve VBP B-VP
+what WP B-NP
+is VBZ B-VP
+coming VBG I-VP
+to TO B-PP
+them PRP B-NP
+four CD B-NP
+centuries NNS I-NP
+later RB B-ADVP
+. . O
+
+As IN B-SBAR
+if IN I-SBAR
+this DT B-NP
+were VBD B-VP
+n't RB O
+enough RB B-ADVP
+, , O
+the DT B-NP
+Senate NNP I-NP
+Judiciary NNP I-NP
+Committee NNP I-NP
+is VBZ B-VP
+getting VBG I-VP
+into IN B-PP
+the DT B-NP
+act NN I-NP
+. . O
+
+On IN B-PP
+Tuesday NNP B-NP
+it PRP B-NP
+approved VBD B-VP
+Senator NNP B-NP
+Bob NNP I-NP
+Dole NNP I-NP
+'s POS B-NP
+proposed VBN I-NP
+commemorative JJ I-NP
+resolution NN I-NP
+designating VBG B-VP
+April NNP B-NP
+24 CD I-NP
+, , O
+1990 CD B-NP
+, , O
+as IN B-PP
+the DT B-NP
+`` `` I-NP
+National NNP I-NP
+Day NNP I-NP
+of IN B-PP
+Remembrance NN B-NP
+of IN B-PP
+the DT B-NP
+75th CD I-NP
+Anniversary NNP I-NP
+of IN B-PP
+the DT B-NP
+Armenian JJ I-NP
+Genocide NN I-NP
+of IN B-PP
+1915-1923 CD B-NP
+, , O
+'' '' O
+suffered VBD B-VP
+at IN B-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+the DT B-NP
+warring VBG I-NP
+Ottoman NNP I-NP
+Empire NNP I-NP
+. . O
+
+There EX B-NP
+can MD B-VP
+be VB I-VP
+no DT B-NP
+quibbling VBG I-NP
+that IN B-SBAR
+the DT B-NP
+Armenians NNPS I-NP
+endured VBD B-VP
+terrible JJ B-NP
+suffering NN I-NP
+, , O
+but CC O
+one CD B-NP
+has VBZ B-VP
+to TO I-VP
+wonder VB I-VP
+what WP B-NP
+possible JJ I-NP
+good JJ I-NP
+such JJ B-NP
+a DT I-NP
+resolution NN I-NP
+will MD B-VP
+achieve VB I-VP
+. . O
+
+It PRP B-NP
+puts VBZ B-VP
+great JJ B-NP
+strain NN I-NP
+on IN B-PP
+a DT B-NP
+longstanding JJ I-NP
+U.S. NNP I-NP
+friendship NN I-NP
+with IN B-PP
+Turkey NNP B-NP
+, , O
+a DT B-NP
+country NN I-NP
+that WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+one CD B-NP
+of IN B-PP
+America NNP B-NP
+'s POS B-NP
+strongest JJS I-NP
+allies NNS I-NP
+in IN B-PP
+NATO NNP B-NP
+. . O
+
+The DT B-NP
+resolution NN I-NP
+also RB B-ADVP
+comes VBZ B-VP
+at IN B-PP
+a DT B-NP
+time NN I-NP
+when WRB B-ADVP
+Turkey NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+seeking VBG I-VP
+help VB B-NP
+from IN B-PP
+the DT B-NP
+United NNP I-NP
+States NNPS I-NP
+in IN B-PP
+resolving VBG B-VP
+its PRP$ B-NP
+Bulgarian JJ I-NP
+emigration NN I-NP
+controversy NN I-NP
+and CC O
+pursuing VBG B-VP
+democratic JJ B-NP
+reforms NNS I-NP
+that WDT B-NP
+may MD B-VP
+lead VB I-VP
+to TO B-PP
+membership NN B-NP
+in IN B-PP
+the DT B-NP
+European NNP I-NP
+Community NNP I-NP
+. . O
+
+Turkey NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+fighting VBG I-VP
+its PRP$ B-NP
+past JJ I-NP
+for IN B-PP
+years NNS B-NP
+, , O
+and CC O
+thus RB B-VP
+far RB I-VP
+has VBZ I-VP
+been VBN I-VP
+only RB B-ADJP
+partially RB I-ADJP
+successful JJ I-ADJP
+. . O
+
+Must MD O
+it PRP B-NP
+now RB B-ADVP
+accept VB B-VP
+that IN B-SBAR
+one CD B-NP
+of IN B-PP
+its PRP$ B-NP
+strongest JJS I-NP
+allies NNS I-NP
+blames VBZ B-VP
+it PRP B-NP
+for IN B-PP
+the DT B-NP
+genocide NN I-NP
+of IN B-PP
+another DT B-NP
+people NNS I-NP
+? . O
+
+Such JJ B-NP
+sentiment NN I-NP
+only RB B-ADVP
+encourages VBZ B-VP
+the DT B-NP
+adverse JJ I-NP
+feelings NNS I-NP
+toward IN B-PP
+Turkey NNP B-NP
+that WDT B-NP
+surfaced VBD B-VP
+when WRB B-ADVP
+Turkey NNP B-NP
+asked VBD B-VP
+for IN B-PP
+assistance NN B-NP
+in IN B-PP
+dealing VBG B-VP
+with IN B-PP
+its PRP$ B-NP
+Bulgarian JJ I-NP
+emigration NN I-NP
+crisis NN I-NP
+. . O
+
+Mr. NNP B-NP
+Dole NNP I-NP
+'s POS B-NP
+odd JJ I-NP
+effort NN I-NP
+notwithstanding IN B-PP
+, , O
+most RBS B-NP
+of IN B-PP
+Turkey NNP B-NP
+'s POS B-NP
+political JJ I-NP
+problems NNS I-NP
+lie VBP B-VP
+with IN B-PP
+the DT B-NP
+Europeans NNPS I-NP
+. . O
+
+Part NN B-NP
+of IN B-PP
+the DT B-NP
+problem NN I-NP
+some DT B-NP
+Europeans NNPS I-NP
+have VBP B-VP
+with IN B-PP
+Turkey NNP B-NP
+seems VBZ B-VP
+to TO I-VP
+stem VB I-VP
+from IN B-PP
+its PRP$ B-NP
+location NN I-NP
+-- : O
+Turkey NNP B-NP
+is VBZ B-VP
+n't RB O
+really RB B-ADVP
+part NN B-NP
+of IN B-PP
+Europe NNP B-NP
+. . O
+
+Why WRB B-ADVP
+, , O
+they PRP B-NP
+wonder VBP B-VP
+, , O
+should MD O
+it PRP B-NP
+belong VB B-VP
+to TO B-PP
+the DT B-NP
+EC NNP I-NP
+? . O
+
+Another DT B-NP
+anti-Turkish JJ I-NP
+hook NN I-NP
+is VBZ B-VP
+the DT B-NP
+Islamic NNP I-NP
+faith NN I-NP
+of IN B-PP
+the DT B-NP
+majority NN I-NP
+of IN B-PP
+the DT B-NP
+Turkish JJ I-NP
+people NNS I-NP
+: : O
+Turkey NNP B-NP
+, , O
+we PRP B-NP
+are VBP B-VP
+told VBN I-VP
+, , O
+is VBZ B-VP
+not RB O
+a DT B-NP
+Christian NNP I-NP
+nation NN I-NP
+; : O
+its PRP$ B-NP
+people NNS I-NP
+simply RB B-ADVP
+wo MD B-VP
+n't RB I-VP
+fit VB I-VP
+in IN B-PRT
+with IN B-PP
+the DT B-NP
+Western JJ I-NP
+European JJ I-NP
+Judeo-Christian JJ I-NP
+tradition NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+when WRB B-ADVP
+these DT B-NP
+rationalizations NNS I-NP
+fall VBP B-VP
+on IN B-PP
+deaf JJ B-NP
+ears NNS I-NP
+that IN B-SBAR
+the DT B-NP
+old JJ I-NP
+standby NN I-NP
+of IN B-PP
+retribution NN B-NP
+for IN B-PP
+treatment NN B-NP
+at IN B-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+the DT B-NP
+Ottoman NNP I-NP
+Empire NNP I-NP
+comes VBZ B-VP
+to TO B-PP
+the DT B-NP
+fore NN I-NP
+. . O
+
+No DT B-NP
+one CD I-NP
+has VBZ B-VP
+to TO I-VP
+accept VB I-VP
+the DT B-NP
+sins NNS I-NP
+of IN B-PP
+the DT B-NP
+Ottoman NNP I-NP
+Empire NNP I-NP
+to TO B-VP
+reject VB I-VP
+that DT B-NP
+argument NN I-NP
+. . O
+
+Turkey NNP B-NP
+in IN B-PP
+any DT B-NP
+event NN I-NP
+is VBZ B-VP
+long JJ B-ADVP
+past JJ O
+it PRP B-NP
+. . O
+
+The DT B-NP
+country NN I-NP
+has VBZ B-VP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+accepted VBN B-VP
+more JJR B-NP
+than IN I-NP
+500,000 CD I-NP
+refugees NNS I-NP
+from IN B-PP
+at IN B-NP
+least JJS I-NP
+four CD I-NP
+bordering VBG I-NP
+nations NNS I-NP
+. . O
+
+Kurds NNPS B-NP
+, , O
+suffering VBG B-VP
+what WP B-NP
+many JJ B-NP
+people NNS I-NP
+consider VBP B-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+current JJ I-NP
+extermination NN I-NP
+campaign NN I-NP
+at IN B-PP
+the DT B-NP
+hands NNS I-NP
+of IN B-PP
+Syria NNP B-NP
+, , I-NP
+Iran NNP I-NP
+and CC I-NP
+Iraq NNP I-NP
+have VBP B-VP
+inundated VBN I-VP
+eastern JJ B-NP
+Turkey NNP I-NP
+. . O
+
+Now RB B-ADVP
+it PRP B-NP
+is VBZ B-VP
+their PRP$ B-NP
+fellow NN I-NP
+Turks NNPS I-NP
+arriving VBG B-VP
+as IN B-PP
+refugees NNS B-NP
+from IN B-PP
+Bulgaria NNP B-NP
+. . O
+
+The DT B-NP
+Turkish JJ I-NP
+refugee NN I-NP
+tragedy NN I-NP
+and CC O
+the DT B-NP
+ongoing JJ I-NP
+crisis NN I-NP
+can MD B-VP
+not RB I-VP
+be VB I-VP
+ignored VBN I-VP
+and CC O
+shuttled VBD B-VP
+off IN B-ADVP
+to TO B-PP
+that IN B-NP
+notorious JJ I-NP
+dustbin NN I-NP
+of IN B-PP
+history NN B-NP
+that WDT B-NP
+has VBZ B-VP
+become VBN I-VP
+so RB B-ADJP
+convenient JJ I-ADJP
+recently RB B-ADVP
+. . O
+
+Surely RB B-ADVP
+, , O
+the DT B-NP
+past JJ I-NP
+suffering NN I-NP
+of IN B-PP
+any DT B-NP
+people NNS I-NP
+at IN B-PP
+any DT B-NP
+time NN I-NP
+can MD B-VP
+not RB I-VP
+be VB I-VP
+simply RB I-VP
+filed VBN I-VP
+away RB B-ADVP
+and CC O
+forgotten VBN B-VP
+. . O
+
+But CC O
+what WP B-NP
+the DT B-NP
+Senate NNP I-NP
+Judiciary NNP I-NP
+Committee NNP I-NP
+has VBZ B-VP
+done VBN I-VP
+in IN B-PP
+supporting VBG B-VP
+the DT B-NP
+strongly RB I-NP
+worded VBN I-NP
+Armenian JJ I-NP
+resolution NN I-NP
+achieves VBZ B-VP
+no DT B-NP
+useful JJ I-NP
+end NN I-NP
+; : O
+it PRP B-NP
+merely RB B-ADVP
+produces VBZ B-VP
+more JJR B-NP
+controversy NN I-NP
+and CC O
+embittered VBN B-NP
+memories NNS I-NP
+. . O
+
+Congress NNP B-NP
+has VBZ B-VP
+enough JJ B-NP
+difficulty NN I-NP
+dealing VBG B-VP
+with IN B-PP
+the DT B-NP
+realities NNS I-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+as IN B-SBAR
+it PRP B-NP
+currently RB B-ADVP
+exists VBZ B-VP
+. . O
+
+Bulgaria NNP B-NP
+'s POS B-NP
+government NN I-NP
+has VBZ B-VP
+been VBN I-VP
+behaving VBG I-VP
+beyond IN B-PP
+the DT B-NP
+pale NN I-NP
+for IN B-PP
+months NNS B-NP
+, , O
+and CC O
+the DT B-NP
+U.S. NNP I-NP
+does VBZ B-VP
+its PRP$ B-NP
+values NNS I-NP
+no DT B-NP
+credit NN I-NP
+by IN B-PP
+ignoring VBG B-VP
+that IN B-NP
+while IN B-SBAR
+casting VBG B-VP
+its PRP$ B-NP
+votes NNS I-NP
+into IN B-PP
+the DT B-NP
+past NN I-NP
+. . O
+
+Many JJ B-NP
+in IN B-PP
+Washington NNP B-NP
+say VBP B-VP
+President NNP B-NP
+Bush NNP I-NP
+will MD B-VP
+have VB I-VP
+to TO I-VP
+raise VB I-VP
+taxes NNS B-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+his PRP$ B-NP
+war NN I-NP
+on IN B-PP
+drugs NNS B-NP
+. . O
+
+We PRP B-NP
+have VBP B-VP
+a DT B-NP
+better JJR I-NP
+idea NN I-NP
+: : O
+Dismantle VB B-VP
+HUD NNP B-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+the DT B-NP
+war NN I-NP
+on IN B-PP
+drugs NNS B-NP
+. . O
+
+Housing NNP B-NP
+and CC O
+Urban NNP B-NP
+Development NNP I-NP
+'s POS B-NP
+budget NN I-NP
+is VBZ B-VP
+$ $ B-NP
+17 CD I-NP
+billion CD I-NP
+. . O
+
+From IN B-PP
+what WP B-NP
+we PRP B-NP
+and CC O
+the DT B-NP
+nation NN I-NP
+have VBP B-VP
+been VBN I-VP
+reading NN I-VP
+, , O
+the DT B-NP
+money NN I-NP
+is VBZ B-VP
+n't RB I-VP
+being VBG I-VP
+spent VBN I-VP
+very RB B-ADVP
+well RB I-ADVP
+. . O
+
+The DT B-NP
+single JJ I-NP
+most RBS I-NP
+important JJ I-NP
+contribution NN I-NP
+the DT B-NP
+government NN I-NP
+could MD B-VP
+make VB I-VP
+now RB B-ADVP
+to TO B-VP
+help VB I-VP
+the DT B-NP
+poor NN I-NP
+is VBZ B-VP
+to TO B-VP
+get VB I-VP
+the DT B-NP
+specter NN I-NP
+of IN B-PP
+drugs NNS B-NP
+out IN B-PP
+of IN B-PP
+their PRP$ B-NP
+neighborhoods NNS I-NP
+. . O
+
+If IN B-SBAR
+that DT B-NP
+takes VBZ B-VP
+money NN B-NP
+, , O
+take VB B-VP
+it PRP B-NP
+away RB B-ADVP
+from IN B-PP
+this DT B-NP
+discredited VBN I-NP
+federal JJ I-NP
+department NN I-NP
+. . O
+
+But CC O
+of IN B-PP
+course NN B-NP
+the DT B-NP
+Democrats NNPS I-NP
+pillorying VBG B-VP
+HUD NNP B-NP
+in IN B-PP
+hearings NNS B-NP
+and CC B-PP
+in IN B-PP
+the DT B-NP
+press NN I-NP
+have VBP B-VP
+no DT B-NP
+such JJ I-NP
+solution NN I-NP
+in IN B-PP
+mind NN B-NP
+. . O
+
+Instead RB B-ADVP
+, , O
+they PRP B-NP
+'re VBP B-VP
+scrambling VBG I-VP
+to TO I-VP
+protect VB I-VP
+the DT B-NP
+very JJ I-NP
+programs NNS I-NP
+at IN B-PP
+the DT B-NP
+heart NN I-NP
+of IN B-PP
+the DT B-NP
+HUD NNP I-NP
+scandal NN I-NP
+. . O
+
+This DT B-NP
+month NN I-NP
+, , O
+HUD NNP B-NP
+Secretary NNP I-NP
+Jack NNP I-NP
+Kemp NNP I-NP
+unveiled VBD B-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+proposed VBN B-NP
+reforms NNS I-NP
+to TO B-VP
+improve VB I-VP
+management NN B-NP
+at IN B-PP
+HUD NNP B-NP
+. . O
+
+No DT B-NP
+doubt NN I-NP
+many NN B-NP
+of IN B-PP
+his PRP$ B-NP
+ideas NNS I-NP
+are VBP B-VP
+worthy JJ B-ADJP
+, , O
+but CC O
+ultimately RB B-ADVP
+he PRP B-NP
+is VBZ B-VP
+proposing VBG I-VP
+to TO I-VP
+make VB I-VP
+fundamentally RB B-NP
+flawed JJ I-NP
+programs NNS I-NP
+work VBP B-VP
+slightly RB B-ADVP
+more RBR I-ADVP
+fairly RB I-ADVP
+and CC I-ADVP
+efficiently RB I-ADVP
+. . O
+
+Congress NNP B-NP
+is VBZ B-VP
+unlikely JJ B-ADJP
+to TO B-VP
+go VB I-VP
+even RB B-ADVP
+that DT I-ADVP
+far RB I-ADVP
+. . O
+
+Last JJ B-NP
+week NN I-NP
+, , O
+Secretary NNP B-NP
+Kemp NNP I-NP
+ran VBD B-VP
+into IN B-PP
+a DT B-NP
+buzzsaw NN I-NP
+of IN B-PP
+criticism NN B-NP
+from IN B-PP
+House NNP B-NP
+Banking NNP I-NP
+Committee NNP I-NP
+members NNS I-NP
+. . O
+
+They PRP B-NP
+were VBD B-VP
+appalled VBN B-ADJP
+, , O
+for IN B-PP
+instance NN B-NP
+, , O
+that IN B-SBAR
+he PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+target VB I-VP
+more JJR B-NP
+of IN B-PP
+the DT B-NP
+$ $ I-NP
+3 CD I-NP
+billion CD I-NP
+Community NNP I-NP
+Development NNP I-NP
+Block NNP I-NP
+Grant NNP I-NP
+-LRB- ( O
+CDBG NNP O
+-RRB- ) O
+program NN B-NP
+to TO B-PP
+low-income JJ B-NP
+projects NNS I-NP
+and CC O
+zero CD B-VP
+out RP B-PRT
+the IN B-NP
+notorious JJ I-NP
+`` `` I-NP
+discretionary JJ I-NP
+'' '' I-NP
+funds NNS I-NP
+that WDT B-NP
+have VBP B-VP
+allowed VBN I-VP
+HUD NNP B-NP
+officials NNS I-NP
+to TO B-VP
+steer VB I-VP
+contracts NNS B-NP
+to TO B-PP
+political JJ B-NP
+cronies NNS I-NP
+. . O
+
+These DT B-NP
+development NN I-NP
+grants NNS I-NP
+mainly RB B-ADVP
+enrich VBP B-VP
+developers NNS B-NP
+who WP B-NP
+want VBP B-VP
+to TO I-VP
+put VB I-VP
+up IN B-PRT
+shopping NN B-NP
+centers NNS I-NP
+and CC O
+parking NN B-NP
+garages NNS I-NP
+. . O
+
+They PRP B-NP
+also RB B-ADVP
+give VBP B-VP
+those DT B-NP
+in NN B-PP
+Congress NNP B-NP
+political JJ B-NP
+credit NN I-NP
+for IN B-PP
+bringing VBG B-VP
+home NN B-ADVP
+the DT B-NP
+pork NN I-NP
+, , O
+and CC O
+so IN O
+they PRP B-NP
+are VBP B-VP
+popular JJ B-ADJP
+with IN B-PP
+such JJ B-NP
+Members NNS I-NP
+as IN B-PP
+Mary NNP B-NP
+Rose NNP I-NP
+Oakar NNP I-NP
+. . O
+
+Rep. NNP B-NP
+Oakar NNP I-NP
+, , O
+a DT B-NP
+Democrat NNP I-NP
+from IN B-PP
+Cleveland NNP B-NP
+, , O
+wants VBZ B-VP
+a DT B-NP
+$ $ I-NP
+6.9 CD I-NP
+million CD I-NP
+grant NN I-NP
+so RB B-SBAR
+Cleveland NNP B-NP
+can MD B-VP
+build VB I-VP
+an DT B-NP
+18-story NNP I-NP
+Rock NNP I-NP
+and CC I-NP
+Roll NNP I-NP
+Hall NNP I-NP
+of IN B-PP
+Fame NNP B-NP
+. . O
+
+She PRP B-NP
+says VBZ B-VP
+it PRP B-NP
+'d MD B-VP
+create VB I-VP
+600 CD B-NP
+jobs NNS I-NP
+and CC O
+bring VB B-VP
+Cleveland NNP B-NP
+tourist NN B-NP
+revenue NN I-NP
+. . O
+
+HUD NNP B-NP
+says VBZ B-VP
+the DT B-NP
+project NN I-NP
+does VBZ B-VP
+n't RB I-VP
+qualify VB I-VP
+, , O
+and CC O
+Mr. NNP B-NP
+Kemp NNP I-NP
+says VBZ B-VP
+that DT O
+rock NN B-NP
+'n' NN I-NP
+roll NN I-NP
+musicians NNS I-NP
+and CC O
+the DT B-NP
+music NN I-NP
+industry NN I-NP
+ought MD B-VP
+to TO I-VP
+put VB I-VP
+up IN B-PRT
+the DT B-NP
+money NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+hearing NN I-NP
+, , O
+Rep. NNP B-NP
+Oakar NNP I-NP
+started VBD B-VP
+wailing VBG I-VP
+about IN B-PP
+`` `` O
+phoney JJ B-NP
+baloney NN I-NP
+regulations NNS I-NP
+'' '' O
+that WDT B-NP
+would MD B-VP
+stand VB I-VP
+between IN B-PP
+her PRP$ B-NP
+and CC O
+`` `` O
+housing NN B-NP
+for IN B-PP
+downtown NN B-NP
+Cleveland NNP I-NP
+. . O
+'' '' O
+
+Rep. NNP B-NP
+Chalmers NNP I-NP
+Wylie NNP I-NP
+, , O
+an DT B-NP
+Ohio NNP I-NP
+Republican NNP I-NP
+, , O
+rallied VBD B-VP
+to TO B-PP
+the DT B-NP
+cause NN I-NP
+: : O
+`` `` O
+I PRP B-NP
+think VBP B-VP
+the DT B-NP
+gentlelady NN I-NP
+is VBZ B-VP
+making VBG I-VP
+an DT B-NP
+important JJ I-NP
+statement NN I-NP
+. . O
+
+The DT B-NP
+implication NN I-NP
+that IN B-SBAR
+if IN B-SBAR
+a DT B-NP
+congressman NN I-NP
+calls VBZ B-VP
+about IN B-PP
+a DT B-NP
+project NN I-NP
+in IN B-PP
+his PRP$ B-NP
+district NN I-NP
+there EX B-NP
+'s VBZ B-VP
+something NN B-NP
+wrong JJ B-ADJP
+, , O
+I PRP B-NP
+think VBP B-VP
+is VBZ B-VP
+most RBS B-ADJP
+unfortunate JJ I-ADJP
+. . O
+'' '' O
+
+We PRP B-NP
+'re VBP B-VP
+sure JJ B-ADJP
+some DT B-NP
+theologian NN I-NP
+can MD B-VP
+explain VB I-VP
+the DT B-NP
+difference NN I-NP
+between IN B-PP
+what WP B-NP
+the DT B-NP
+Republican NNP I-NP
+consultants NNS I-NP
+have VBP B-VP
+been VBN I-VP
+doing VBG I-VP
+with IN B-PP
+HUD NNP B-NP
+and CC O
+what WP B-NP
+these DT B-NP
+gentleladies NNS I-NP
+and CC I-NP
+gentlemen NNS I-NP
+want VBP B-VP
+to TO I-VP
+do VB I-VP
+with IN B-PP
+HUD NNP B-NP
+. . O
+
+Our PRP$ B-NP
+view NN I-NP
+is VBZ B-VP
+that IN O
+given VBN B-PP
+Congress NNP B-NP
+'s POS B-NP
+attitude NN I-NP
+toward IN B-PP
+HUD NNP B-NP
+, , O
+the DT B-NP
+place NN I-NP
+probably RB B-ADVP
+is VBZ B-VP
+beyond IN B-PP
+reform NN B-NP
+. . O
+
+For IN B-PP
+more JJR B-NP
+than IN I-NP
+50 CD I-NP
+years NNS I-NP
+the DT B-NP
+federal JJ I-NP
+government NN I-NP
+has VBZ B-VP
+tried VBN I-VP
+various JJ B-NP
+ways NNS I-NP
+to TO B-VP
+provide VB I-VP
+housing NN B-NP
+for IN B-PP
+the DT B-NP
+poor JJ I-NP
+and CC O
+revive VB B-VP
+cities NNS B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+process NN I-NP
+HUD NNP B-NP
+has VBZ B-VP
+wasted VBN I-VP
+untold JJ B-NP
+billions NNS I-NP
+, , O
+created VBN B-VP
+slums NNS B-NP
+and CC O
+invited VBN B-VP
+corruption NN B-NP
+. . O
+
+Much RB B-NP
+of IN B-PP
+HUD NNP B-NP
+'s POS B-NP
+spending NN I-NP
+actually RB B-ADVP
+is VBZ B-VP
+disguised VBN B-NP
+welfare NN I-NP
+for IN B-PP
+developers NNS B-NP
+or CC O
+the DT B-NP
+middle NN I-NP
+class NN I-NP
+. . O
+
+That DT B-NP
+includes VBZ B-VP
+the DT B-NP
+CDBG NNP I-NP
+funds NNS I-NP
+and CC O
+the DT B-NP
+Federal NNP I-NP
+Housing NNP I-NP
+Administration NNP I-NP
+, , O
+which WDT B-NP
+loans VBZ B-VP
+out RP B-PRT
+money NN B-NP
+for IN B-PP
+private JJ B-NP
+home NN I-NP
+mortgages NNS I-NP
+and CC O
+has VBZ B-VP
+just RB I-VP
+been VBN I-VP
+discovered VBN I-VP
+to TO I-VP
+be VB I-VP
+$ $ B-NP
+4 CD I-NP
+billion CD I-NP
+in IN B-PP
+the DT B-NP
+hole NN I-NP
+. . O
+
+Selling VBG B-VP
+the DT B-NP
+FHA NNP I-NP
+'s POS B-NP
+loan NN I-NP
+portfolio NN I-NP
+to TO B-PP
+the DT B-NP
+highest JJS I-NP
+bidder NN I-NP
+would MD B-VP
+save VB I-VP
+the DT B-NP
+taxpayers NNS I-NP
+untold JJ B-NP
+billions NNS I-NP
+in IN B-PP
+future NN B-NP
+losses NNS I-NP
+. . O
+
+Some DT B-NP
+HUD NNP I-NP
+money NN I-NP
+actually RB B-ADVP
+does VBZ B-VP
+trickle NN I-VP
+down RB B-ADVP
+to TO B-PP
+the DT B-NP
+poor NN I-NP
+, , O
+and CC O
+zeroing VBG B-VP
+out RP B-PRT
+housing NN B-NP
+middlemen NNS I-NP
+would MD B-VP
+free VB I-VP
+up IN B-PRT
+more JJR B-NP
+money NN I-NP
+for IN B-SBAR
+public JJ B-NP
+housing NN I-NP
+tenants NNS I-NP
+to TO B-VP
+manage VB I-VP
+and CC O
+even RB B-ADVP
+own JJ B-VP
+their PRP$ B-NP
+units NNS I-NP
+. . O
+
+The DT B-NP
+rest NN I-NP
+ought MD B-VP
+to TO I-VP
+be VB I-VP
+used VBN I-VP
+to TO B-VP
+clean VB I-VP
+out RP B-PRT
+drugs NNS B-NP
+from IN B-PP
+the DT B-NP
+neighbhorhoods NNS I-NP
+. . O
+
+Rival JJ B-NP
+gangs NNS I-NP
+have VBP B-VP
+turned VBN I-VP
+cities NNS B-NP
+into IN B-PP
+combat NN B-NP
+zones NNS I-NP
+. . O
+
+Even RB O
+suburban JJ O
+Prince NNP B-NP
+George NNP I-NP
+'s POS B-NP
+County NNP I-NP
+, , O
+Md. NNP B-NP
+, , O
+reported VBD B-VP
+last JJ B-NP
+week NN I-NP
+there EX B-NP
+have VBP B-VP
+been VBN I-VP
+a DT B-NP
+record NN I-NP
+96 CD I-NP
+killings NNS I-NP
+there EX B-ADVP
+this DT B-NP
+year NN I-NP
+, , O
+most RBS B-NP
+of IN B-PP
+them PRP B-NP
+drug-related JJ B-ADJP
+. . O
+
+Innocent JJ B-NP
+bystanders NNS I-NP
+often RB B-ADVP
+are VBP B-VP
+the DT B-NP
+victims NNS I-NP
+. . O
+
+A DT B-NP
+man NN I-NP
+in IN B-PP
+a DT B-NP
+wheelchair NN I-NP
+was VBD B-VP
+gunned VBN I-VP
+down RB B-ADVP
+in IN B-PP
+the DT B-NP
+crossfire NN I-NP
+of IN B-PP
+a DT B-NP
+Miami NNP I-NP
+drug NN I-NP
+battle NN I-NP
+. . O
+
+A DT B-NP
+three-year-old JJ I-NP
+Brooklyn NNP I-NP
+boy NN I-NP
+was VBD B-VP
+used VBN I-VP
+as IN B-PP
+a DT B-NP
+shield NN I-NP
+by IN B-PP
+a DT B-NP
+drug NN I-NP
+dealer NN I-NP
+. . O
+
+Decent JJ B-NP
+life NN I-NP
+in IN B-PP
+the DT B-NP
+inner JJ I-NP
+cities NNS I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+restored VBN I-VP
+unless IN B-SBAR
+the DT B-NP
+government NN I-NP
+reclaims VBZ B-VP
+the DT B-NP
+streets NNS I-NP
+from IN B-PP
+the DT B-NP
+drug NN I-NP
+gangs NNS I-NP
+. . O
+
+Until IN B-PP
+then RB B-NP
+, , O
+the DT B-NP
+billions NNS I-NP
+HUD NNP B-NP
+spends VBZ B-VP
+on IN B-PP
+inner-city JJ B-NP
+housing NN I-NP
+simply RB B-ADVP
+is VBZ B-VP
+wasted VBN I-VP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+still RB B-ADVP
+unclear JJ B-ADJP
+whether IN B-SBAR
+Secretary NNP B-NP
+Kemp NNP I-NP
+wants VBZ B-VP
+to TO I-VP
+completely RB I-VP
+overhaul NN I-VP
+the DT B-NP
+engine NN I-NP
+room NN I-NP
+at IN B-PP
+HUD NNP B-NP
+or CC O
+just RB B-ADVP
+tighten VB B-VP
+a DT B-NP
+few JJ I-NP
+screws NNS I-NP
+here RB B-ADVP
+and CC I-ADVP
+there RB I-ADVP
+. . O
+
+No DT B-NP
+doubt NN I-NP
+he PRP B-NP
+believes VBZ B-VP
+the DT B-NP
+place NN I-NP
+can MD B-VP
+be VB I-VP
+salvaged VBN I-VP
+. . O
+
+Having VBG B-VP
+seen VBN I-VP
+the DT B-NP
+hypocrisy NN I-NP
+with IN B-PP
+which WDT B-NP
+Congress NNP B-NP
+has VBZ B-VP
+addressed VBN I-VP
+the DT B-NP
+HUD NNP I-NP
+scandals NNS I-NP
+, , O
+we PRP B-NP
+disagree VBP B-VP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+time NN B-NP
+to TO B-VP
+scrap VB I-VP
+the DT B-NP
+politically RB I-NP
+infested VBN I-NP
+spending NN I-NP
+machine NN I-NP
+HUD NNP B-NP
+has VBZ B-VP
+become VBN I-VP
+and CC O
+channel VB B-VP
+the DT B-NP
+resources NNS I-NP
+into IN B-PP
+the DT B-NP
+drug NN I-NP
+war NN I-NP
+. . O
+
+Randy NNP B-NP
+Delchamps NNP I-NP
+was VBD B-VP
+named VBN I-VP
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+this DT B-NP
+grocery NN I-NP
+chain NN I-NP
+. . O
+
+Mr. NNP B-NP
+Delchamps NNP I-NP
+, , O
+46 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+succeeds VBZ B-VP
+A.F. NNP B-NP
+Delchamps NNP I-NP
+Jr. NNP I-NP
+, , O
+who WP B-NP
+died VBD B-VP
+in IN B-PP
+a DT B-NP
+plane NN I-NP
+crash NN I-NP
+on IN B-PP
+Sunday NNP B-NP
+at IN B-PP
+the DT B-NP
+age NN I-NP
+of IN B-PP
+58 CD B-NP
+. . O
+
+Randy NNP B-NP
+Delchamps NNP I-NP
+retains VBZ B-VP
+his PRP$ B-NP
+position NN I-NP
+as IN B-PP
+president NN B-NP
+. . O
+
+Natural JJ B-NP
+upheavals NNS I-NP
+, , O
+and CC O
+most RBS B-ADVP
+particularly RB I-ADVP
+earthquakes NNS B-NP
+, , O
+are VBP B-VP
+not RB B-CONJP
+only RB O
+horrible JJ B-NP
+realities NNS I-NP
+in IN B-PP
+and CC I-PP
+of IN I-PP
+themselves PRP B-NP
+, , O
+but CC B-CONJP
+also RB I-CONJP
+symbols NNS B-NP
+through IN B-PP
+which WDT B-NP
+the DT B-NP
+state NN I-NP
+of IN B-PP
+a DT B-NP
+society NN I-NP
+can MD B-VP
+be VB I-VP
+construed VBN I-VP
+. . O
+
+The DT B-NP
+rubble NN I-NP
+after IN B-PP
+the DT B-NP
+Armenian JJ I-NP
+earthquake NN I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+disclosed VBD B-VP
+, , O
+quite RB B-ADVP
+literally RB I-ADVP
+, , O
+a DT B-NP
+city NN I-NP
+whose WP$ B-NP
+larger JJR I-NP
+structures NNS I-NP
+had VBD B-VP
+been VBN I-VP
+built VBN I-VP
+with IN B-PP
+sand NN B-NP
+. . O
+
+The DT B-NP
+extent NN I-NP
+of IN B-PP
+the DT B-NP
+disaster NN I-NP
+stemmed VBD B-VP
+from IN B-PP
+years NNS B-NP
+of IN B-PP
+chicanery NN B-NP
+and CC O
+bureaucratic JJ B-NP
+indifference NN I-NP
+. . O
+
+The DT B-NP
+larger RBR I-NP
+parallel JJ I-NP
+after IN B-PP
+the DT B-NP
+earthquake NN I-NP
+centered VBN B-VP
+south RB B-ADVP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+is VBZ B-VP
+surely RB B-ADVP
+with IN B-PP
+the DT B-NP
+state NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+economy NN I-NP
+. . O
+
+Did VBD O
+the DT B-NP
+stock-market NN I-NP
+tremors NNS I-NP
+of IN B-PP
+Friday NNP B-NP
+, , O
+Oct. NNP B-NP
+13 CD I-NP
+, , O
+presage VB B-VP
+larger JJR B-NP
+fragility NN I-NP
+, , O
+far RB B-NP
+greater JJR I-NP
+upheavals NNS I-NP
+? . O
+
+Are VBP O
+the DT B-NP
+engineering NN I-NP
+and CC I-NP
+architecture NN I-NP
+of IN B-PP
+the DT B-NP
+economy NN I-NP
+as RB B-ADJP
+vulnerable JJ I-ADJP
+as IN B-PP
+the DT B-NP
+spans NNS I-NP
+of IN B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+? . O
+
+The DT B-NP
+eerie JJ I-NP
+complacency NN I-NP
+of IN B-PP
+the DT B-NP
+Reagan-Bush JJ I-NP
+era NN I-NP
+has VBZ B-VP
+produced VBN I-VP
+Panglossian JJ B-NP
+paeans NNS I-NP
+about IN B-PP
+the DT B-NP
+present JJ I-NP
+perfection NN I-NP
+of IN B-PP
+U.S. NNP B-NP
+economic JJ I-NP
+and CC I-NP
+social JJ I-NP
+arrangements NNS I-NP
+. . O
+
+A DT B-NP
+licensed VBN I-NP
+government NN I-NP
+intellectual JJ I-NP
+, , O
+Francis NNP B-NP
+Fukuyama NNP I-NP
+, , O
+recently RB B-ADVP
+announced VBD B-VP
+in IN B-PP
+The DT B-NP
+National NNP I-NP
+Interest NN I-NP
+that DT B-SBAR
+history NN B-NP
+is VBZ B-VP
+, , O
+so RB B-ADVP
+to TO B-VP
+speak VB I-VP
+, , O
+at IN B-PP
+an DT B-NP
+end NN I-NP
+since IN B-SBAR
+the DT B-NP
+course NN I-NP
+of IN B-PP
+human JJ B-NP
+progress NN I-NP
+has VBZ B-VP
+now RB I-VP
+culminated VBN I-VP
+in IN B-PP
+the DT B-NP
+glorious JJ I-NP
+full JJ I-NP
+stop NN I-NP
+of IN B-PP
+American JJ B-NP
+civilization NN I-NP
+. . O
+
+His PRP$ B-NP
+observations NNS I-NP
+were VBD B-VP
+taken VBN I-VP
+seriously RB B-ADVP
+. . O
+
+But CC O
+we PRP B-NP
+are VBP B-VP
+, , O
+in IN B-PP
+reality NN B-NP
+, , O
+witnessing VBG B-VP
+the DT B-NP
+continuing VBG I-NP
+decline NN I-NP
+of IN B-PP
+the DT B-NP
+political JJ I-NP
+economy NN I-NP
+of IN B-PP
+capitalism NN B-NP
+: : O
+not RB B-NP
+so RB B-ADVP
+much JJ I-ADVP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+history NN B-NP
+but CC O
+the DT B-NP
+history NN I-NP
+of IN B-PP
+the DT B-NP
+end NN I-NP
+. . O
+
+The DT B-NP
+financial JJ I-NP
+equivalent NN I-NP
+of IN B-PP
+the DT B-NP
+sand NN I-NP
+used VBN B-VP
+by IN B-PP
+those DT B-NP
+Armenian JJ I-NP
+contractors NNS I-NP
+is VBZ B-VP
+junk NN B-NP
+bonds NNS I-NP
+and CC O
+the DT B-NP
+leveraged JJ I-NP
+buy-outs NNS I-NP
+associated VBN B-VP
+with IN B-PP
+them PRP B-NP
+. . O
+
+Builders NNS B-NP
+get VB B-VP
+away RB B-ADVP
+with IN B-PP
+using VBG B-VP
+sand NN B-NP
+and CC O
+financiers NNS B-NP
+junk NN B-NP
+when WRB B-ADVP
+society NN B-NP
+decides VBZ B-VP
+it PRP B-NP
+'s VBZ B-VP
+okay JJ B-ADJP
+, , O
+necessary JJ B-ADJP
+even RB B-ADVP
+, , O
+to TO B-VP
+look VB I-VP
+the DT B-NP
+other JJ I-NP
+way NN I-NP
+. . O
+
+And CC O
+by IN B-PP
+the DT B-NP
+early JJ I-NP
+1980s CD I-NP
+U.S. NNP B-NP
+capitalists NNS I-NP
+had VBD B-VP
+ample JJ B-NP
+reason NN I-NP
+to TO B-VP
+welcome VB I-VP
+junk NN B-NP
+bonds NNS I-NP
+, , O
+to TO B-VP
+look VB I-VP
+the DT B-NP
+other JJ I-NP
+way NN I-NP
+. . O
+
+By IN B-PP
+that DT B-NP
+time NN I-NP
+they PRP B-NP
+found VBD B-VP
+extremely RB B-NP
+low JJ I-NP
+profit NN I-NP
+rates NNS I-NP
+from IN B-PP
+non-financial JJ B-NP
+corporate JJ I-NP
+investment NN I-NP
+. . O
+
+Government NN B-NP
+statistics NNS I-NP
+in IN B-PP
+fact NN B-NP
+show NN B-VP
+that IN B-SBAR
+the DT B-NP
+profit NN I-NP
+rate NN I-NP
+-- : O
+net JJ B-NP
+pretax JJ I-NP
+profits NNS I-NP
+divided VBN B-VP
+by IN B-PP
+capital NN B-NP
+stock NN I-NP
+-- : O
+peaked VBD B-VP
+in IN B-PP
+1965 CD B-NP
+at IN B-PP
+17.2 CD B-NP
+% NN I-NP
+. . O
+
+That DT B-NP
+same JJ I-NP
+calculation NN I-NP
+saw VBD B-VP
+profit NN B-NP
+rates NNS I-NP
+fall VBP B-VP
+to TO B-PP
+4.6 CD B-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+recession NN I-NP
+year NN I-NP
+1982 CD B-NP
+and CC O
+the DT B-NP
+supposed VBN I-NP
+miracle NN I-NP
+that WDT B-NP
+followed VBD B-VP
+has VBZ B-VP
+seen VBN I-VP
+the DT B-NP
+profit NN I-NP
+rate NN I-NP
+rise NN B-VP
+only RB B-ADVP
+to TO B-PP
+8.1 CD B-NP
+% NN I-NP
+in IN B-PP
+1986 CD B-NP
+and CC O
+8 CD B-NP
+% NN I-NP
+in IN B-PP
+1987 CD B-NP
+. . O
+
+Corresponding VBG B-VP
+to TO B-PP
+the DT B-NP
+fall NN I-NP
+in IN B-PP
+profit NN B-NP
+rates NNS I-NP
+was VBD B-VP
+-- : O
+in IN B-PP
+the DT B-NP
+early JJ I-NP
+1980s CD I-NP
+-- : O
+the DT B-NP
+drop NN I-NP
+in IN B-PP
+the DT B-NP
+number NN I-NP
+arrived VBD B-VP
+at IN B-PP
+if IN B-SBAR
+you PRP B-NP
+divide VBP B-VP
+the DT B-NP
+market NN I-NP
+value NN I-NP
+of IN B-PP
+firms NNS B-NP
+by IN B-PP
+the DT B-NP
+replacement NN I-NP
+costs NNS I-NP
+of IN B-PP
+their PRP$ B-NP
+assets NNS I-NP
+, , O
+the DT B-NP
+famous JJ I-NP
+Q NN I-NP
+ratio NN I-NP
+associated VBN B-VP
+with IN B-PP
+Prof. NNP B-NP
+James NNP I-NP
+Tobin NNP I-NP
+. . O
+
+In IN B-PP
+theory NN B-NP
+, , O
+the DT B-NP
+value NN I-NP
+attached VBN B-VP
+to TO B-PP
+a DT B-NP
+firm NN I-NP
+by IN B-PP
+the DT B-NP
+market NN I-NP
+and CC O
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+replacing VBG B-VP
+its PRP$ B-NP
+assets NNS I-NP
+should MD B-VP
+be VB I-VP
+the DT B-NP
+same JJ I-NP
+. . O
+
+But CC O
+of IN B-PP
+course NN B-NP
+the DT B-NP
+market NN I-NP
+could MD B-VP
+decide VB I-VP
+that IN B-SBAR
+the DT B-NP
+firm NN I-NP
+'s POS B-NP
+capital NN I-NP
+stock NN I-NP
+-- : O
+its PRP$ B-NP
+assets NNS I-NP
+-- : O
+means VBZ B-VP
+nothing NN B-NP
+if IN B-SBAR
+the DT B-NP
+firm NN I-NP
+is VBZ B-VP
+not RB I-VP
+producing VBG I-VP
+profits NNS B-NP
+. . O
+
+This DT B-NP
+is VBZ B-VP
+indeed RB B-ADVP
+what WP B-NP
+the DT B-NP
+market NN I-NP
+decided VBD B-VP
+. . O
+
+By IN B-PP
+1982 CD B-NP
+the DT B-NP
+ratio NN I-NP
+was VBD B-VP
+43.5 CD B-NP
+% NN I-NP
+, , O
+meaning NN B-VP
+that IN B-SBAR
+the DT B-NP
+market NN I-NP
+was VBD B-VP
+valuing VBG I-VP
+every DT B-NP
+dollar NN I-NP
+'s POS B-NP
+worth NN I-NP
+of IN B-PP
+the DT B-NP
+average JJ I-NP
+firm NN I-NP
+'s POS B-NP
+assets NNS I-NP
+at IN B-PP
+43 CD B-NP
+cents NNS I-NP
+. . O
+
+From IN B-PP
+the DT B-NP
+history NN I-NP
+of IN B-PP
+capitalism NN B-NP
+we PRP B-NP
+can MD B-VP
+take VB I-VP
+it PRP B-NP
+as IN B-PP
+a DT B-NP
+sound NN I-NP
+bet NN I-NP
+that IN B-SBAR
+if IN B-SBAR
+it PRP B-NP
+takes VBZ B-VP
+only RB B-NP
+43 CD I-NP
+cents NNS I-NP
+to TO B-VP
+buy VB I-VP
+a DT B-NP
+dollar NN I-NP
+'s POS B-NP
+worth NN I-NP
+of IN B-PP
+a DT B-NP
+firm NN I-NP
+'s POS B-NP
+capital NN I-NP
+stock NN I-NP
+, , O
+an DT B-NP
+alert JJ I-NP
+entrepreneur NN I-NP
+wo MD B-VP
+n't RB I-VP
+look VB I-VP
+the DT B-NP
+other JJ I-NP
+way NN I-NP
+. . O
+
+His PRP$ B-NP
+assumption NN I-NP
+is VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+underlying VBG I-NP
+profitability NN I-NP
+rate NN I-NP
+will MD B-VP
+go VB I-VP
+up IN B-ADVP
+and CC O
+the DT B-NP
+capital NN I-NP
+assets NNS I-NP
+he PRP B-NP
+bought VBD B-VP
+on IN B-PP
+the DT B-NP
+cheap JJ I-NP
+will MD B-VP
+soon RB I-VP
+be VB I-VP
+producing VBG I-VP
+profits NNS B-NP
+, , O
+thus RB B-ADVP
+restoring VBG B-VP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+faith NN I-NP
+in IN B-PP
+them PRP B-NP
+. . O
+
+Hence RB B-ADVP
+the DT B-NP
+LBO NNP I-NP
+craze NN I-NP
+. . O
+
+But CC O
+here RB B-NP
+is VBZ B-VP
+where WRB B-ADVP
+the DT B-NP
+entrepreneur NN I-NP
+made VBD B-VP
+a DT B-NP
+very RB I-NP
+risky JJ I-NP
+bet NN I-NP
+, , O
+and CC O
+where WRB B-ADVP
+society NN B-NP
+was VBD B-VP
+maybe RB B-ADVP
+foolish JJ B-ADJP
+to TO B-VP
+look VB I-VP
+the DT B-NP
+other JJ I-NP
+way NN I-NP
+. . O
+
+The DT B-NP
+profit NN I-NP
+rate NN I-NP
+is VBZ B-VP
+still RB B-ADVP
+low JJ B-ADJP
+and CC O
+the DT B-NP
+Q NN I-NP
+ratio NN I-NP
+was VBD B-VP
+only RB B-NP
+65 CD I-NP
+% NN I-NP
+in IN B-PP
+1987 CD B-NP
+and CC O
+68.9 CD B-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+. . O
+
+Result NN B-NP
+: : O
+a DT B-NP
+landscape NN I-NP
+littered VBN B-VP
+with IN B-PP
+lemons NNS B-NP
+, , O
+huge JJ B-NP
+debt NN I-NP
+burdens NNS I-NP
+crushing VBG B-VP
+down RB B-ADVP
+upon IN B-PP
+the DT B-NP
+arch NN I-NP
+and CC I-NP
+spans NNS I-NP
+of IN B-PP
+corporate JJ B-NP
+America NNP I-NP
+. . O
+
+The DT B-NP
+mounting VBG I-NP
+risks NNS I-NP
+did VBD B-VP
+not RB I-VP
+go VB I-VP
+unobserved JJ B-ADJP
+, , O
+even RB B-PP
+in IN I-PP
+the DT B-NP
+mid-1980s NNS I-NP
+. . O
+
+But CC O
+there EX B-NP
+were VBD B-VP
+enough JJ B-NP
+promoters NNS I-NP
+announcing VBG B-VP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+history NN B-NP
+-LRB- ( O
+in IN B-PP
+this DT B-NP
+case NN I-NP
+suspension NN B-NP
+of IN B-PP
+normal JJ B-NP
+laws NNS I-NP
+of IN B-PP
+economic JJ B-NP
+gravity NN I-NP
+-RRB- ) O
+for IN B-SBAR
+society NN B-NP
+to TO B-VP
+continue VB I-VP
+shielding VBG I-VP
+its PRP$ B-NP
+eyes NNS I-NP
+. . O
+
+Mainstream NN B-NP
+economists NNS I-NP
+and CC I-NP
+commentators NNS I-NP
+, , O
+craning VBG B-VP
+their PRP$ B-NP
+necks NNS I-NP
+up IN B-ADVP
+at IN B-PP
+the DT B-NP
+great JJ I-NP
+pyramids NNS I-NP
+of IN B-PP
+junk NN B-NP
+financing NN I-NP
+, , O
+swiveling VBG B-VP
+their PRP$ B-NP
+heads NNS I-NP
+to TO B-VP
+watch VB I-VP
+the DT B-NP
+avalanche NN I-NP
+of IN B-PP
+leveraged JJ B-NP
+buy-outs NNS I-NP
+, , O
+claimed VBD B-VP
+the DT B-NP
+end NN I-NP
+result NN I-NP
+would MD B-VP
+be VB I-VP
+a DT B-NP
+leaner JJR I-NP
+, , I-NP
+meaner JJR I-NP
+corporate JJ I-NP
+America NNP I-NP
+, , O
+with IN B-PP
+soaring VBG B-NP
+productivity NN I-NP
+and CC I-NP
+profits NNS I-NP
+and CC O
+the DT B-NP
+weaker RBR I-NP
+gone VBN B-VP
+to TO B-PP
+the DT B-NP
+wall NN I-NP
+. . O
+
+But CC O
+this DT B-NP
+is VBZ B-VP
+not RB O
+where WRB B-ADVP
+the DT B-NP
+rewards NNS I-NP
+of IN B-PP
+junk NN B-NP
+financing NN I-NP
+were VBD B-VP
+found VBN I-VP
+. . O
+
+The DT B-NP
+beneficiaries NNS I-NP
+were VBD B-VP
+those DT B-NP
+financiers NNS I-NP
+whose WP$ B-NP
+icon NN I-NP
+was VBD B-VP
+the DT B-NP
+topic NN I-NP
+figure NN I-NP
+of IN B-PP
+'80s NNS B-NP
+capitalism NN I-NP
+, , O
+Michael NNP B-NP
+Milken NNP I-NP
+'s POS B-NP
+$ $ B-ADJP
+517 CD O
+million CD O
+salary NN B-NP
+in IN B-PP
+one CD B-NP
+year NN I-NP
+. . O
+
+Left-stream JJ B-NP
+economists NNS I-NP
+I PRP B-NP
+associate JJ B-VP
+with IN B-PP
+-- : O
+fellows NNS B-NP
+in IN B-PP
+the DT B-NP
+Union NNP I-NP
+of IN B-PP
+Radical NNP B-NP
+Political JJ I-NP
+Economists NNS I-NP
+, , O
+most RBS B-ADVP
+particularly RB I-ADVP
+Robert NNP B-NP
+Pollin NNP I-NP
+of IN B-PP
+the DT B-NP
+economics NNS I-NP
+faculty NN I-NP
+at IN B-PP
+the DT B-NP
+University NNP I-NP
+of IN B-PP
+California NNP B-NP
+at IN B-PP
+Riverside NNP B-NP
+-- : O
+were VBD B-VP
+not RB I-VP
+hypnotized VBN I-VP
+in IN B-PP
+the DT B-NP
+manner NN I-NP
+of IN B-PP
+their PRP$ B-NP
+pliant JJ I-NP
+colleagues NNS I-NP
+. . O
+
+All DT B-ADVP
+along IN I-ADVP
+they PRP B-NP
+have VBP B-VP
+been VBN I-VP
+noting VBG I-VP
+the DT B-NP
+tremors NNS I-NP
+and CC O
+pointing VBG B-VP
+out RP B-PRT
+the IN B-NP
+underlying VBG I-NP
+realities NNS I-NP
+. . O
+
+Profit NN B-NP
+rates NNS I-NP
+after IN B-PP
+the DT B-NP
+great JJ I-NP
+merger NN I-NP
+wave NN I-NP
+are VBP B-VP
+no DT B-ADJP
+higher JJR I-ADJP
+, , O
+and CC O
+now RB B-ADVP
+we PRP B-NP
+have VBP B-VP
+an DT B-NP
+extremely RB I-NP
+high-interest JJ I-NP
+burden NN I-NP
+relative JJ B-ADJP
+to TO B-PP
+cash VB B-NP
+flow NN I-NP
+. . O
+
+The DT B-NP
+consequences NNS I-NP
+of IN B-PP
+building NN B-VP
+empires NNS B-NP
+with IN B-PP
+sand NN B-NP
+are VBP B-VP
+showing VBG I-VP
+up RB B-PRT
+. . O
+
+In IN B-PP
+contrast NN B-NP
+to TO B-PP
+previous JJ B-NP
+estimates NNS I-NP
+reckoning VBG B-VP
+the DT B-NP
+default NN I-NP
+rate NN I-NP
+on IN B-PP
+junk NN B-NP
+bonds NNS I-NP
+at IN B-PP
+2 CD B-NP
+% NN I-NP
+or CC O
+3 CD B-NP
+% NN I-NP
+, , O
+a DT B-NP
+Harvard NNP I-NP
+study NN I-NP
+published VBN B-VP
+in IN B-PP
+April NNP B-NP
+of IN B-PP
+this DT B-NP
+year NN I-NP
+-LRB- ( O
+and CC O
+discussed VBN B-VP
+in IN B-PP
+a DT B-NP
+lead NN I-NP
+story NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+for IN B-PP
+Sept. NNP B-NP
+18 CD I-NP
+-RRB- ) O
+found VBD B-VP
+the DT B-NP
+default NN I-NP
+rate NN I-NP
+on IN B-PP
+these DT B-NP
+junk NN I-NP
+bonds NNS I-NP
+is VBZ B-VP
+34 CD B-NP
+% NN I-NP
+. . O
+
+What WP B-NP
+is VBZ B-VP
+the DT B-NP
+consequence NN I-NP
+of IN B-PP
+a DT B-NP
+high-interest JJ I-NP
+burden NN I-NP
+, , O
+high JJ B-NP
+default NN I-NP
+rates NNS I-NP
+and CC O
+continued VBD B-NP
+low JJ I-NP
+profitability NN I-NP
+? . O
+
+Corporations NNS B-NP
+need VBP B-VP
+liquidity NN B-NP
+, , O
+in IN B-PP
+the DT B-NP
+form NN I-NP
+of IN B-PP
+borrowed VBN B-NP
+funds NNS I-NP
+. . O
+
+Without IN B-PP
+liquidity NN B-NP
+from IN B-PP
+the DT B-NP
+junk-bond NN I-NP
+market NN I-NP
+or CC O
+cash NN B-NP
+flow NN I-NP
+from IN B-PP
+profits NNS B-NP
+, , O
+they PRP B-NP
+look VBP B-VP
+to TO B-PP
+the DT B-NP
+government NN I-NP
+, , O
+which WDT B-NP
+obediently RB B-VP
+assists VBZ I-VP
+the DT B-NP
+natural JJ I-NP
+motions NNS I-NP
+of IN B-PP
+the DT B-NP
+capitalist JJ I-NP
+economy NN I-NP
+with IN B-PP
+charity NN B-NP
+in IN B-PP
+the DT B-NP
+form NN I-NP
+of IN B-PP
+cuts NNS B-NP
+in IN B-PP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+rate NN I-NP
+or CC O
+bailouts NNS B-NP
+. . O
+
+The DT B-NP
+consequence NN I-NP
+can MD B-VP
+be VB I-VP
+inflation NN B-NP
+, , O
+brought VBN B-VP
+on IN B-PRT
+as IN B-PP
+the DT B-NP
+effect NN I-NP
+of IN B-PP
+a DT B-NP
+desperate JJ I-NP
+bid NN I-NP
+to TO B-VP
+avoid VB I-VP
+the DT B-NP
+deflationary JJ I-NP
+shock NN I-NP
+of IN B-PP
+a DT B-NP
+sudden JJ I-NP
+crash NN I-NP
+. . O
+
+Attacks VBZ B-NP
+on IN B-PP
+inflation NN B-NP
+come VB B-VP
+with IN B-PP
+another DT B-NP
+strategy NN I-NP
+of IN B-PP
+capital NN B-NP
+of IN B-PP
+a DT B-NP
+very RB I-NP
+traditional JJ I-NP
+sort NN I-NP
+: : O
+an DT B-NP
+assault NN I-NP
+on IN B-PP
+wages NNS B-NP
+. . O
+
+Mr. NNP B-NP
+Fukuyama NNP I-NP
+, , O
+peering VBG B-VP
+through IN B-PP
+binoculars NNS B-NP
+at IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+history NN B-NP
+, , O
+said VBD B-VP
+in IN B-PP
+his PRP$ B-NP
+essay NN I-NP
+that IN B-SBAR
+`` `` O
+the DT B-NP
+class NN I-NP
+issue NN I-NP
+has VBZ B-VP
+actually RB I-VP
+been VBN I-VP
+successfully RB I-VP
+resolved VBN I-VP
+in IN B-PP
+the DT B-NP
+West NNP I-NP
+... : O
+
+the DT B-NP
+egalitarianism NN I-NP
+of IN B-PP
+modern JJ B-NP
+America NNP I-NP
+represents VBZ B-VP
+the DT B-NP
+essential JJ I-NP
+achievement NN I-NP
+of IN B-PP
+the DT B-NP
+classless JJ I-NP
+society NN I-NP
+envisioned VBN B-VP
+by IN B-PP
+Marx NNP B-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Fukuyama NNP I-NP
+might MD B-VP
+want VB I-VP
+to TO I-VP
+consult VB I-VP
+some DT B-NP
+American JJ I-NP
+workers NNS I-NP
+on IN B-PP
+the DT B-NP
+subject NN I-NP
+of IN B-PP
+class NN B-NP
+and CC I-NP
+egalitarianism NN I-NP
+. . O
+
+From IN B-PP
+its PRP$ B-NP
+peak NN I-NP
+in IN B-PP
+1972 CD B-NP
+of IN B-PP
+$ $ B-NP
+198.41 CD I-NP
+, , O
+the DT B-NP
+average JJ I-NP
+American JJ I-NP
+weekly JJ I-NP
+wage NN I-NP
+had VBD B-VP
+fallen VBN I-VP
+to TO B-PP
+$ $ B-NP
+169.28 CD I-NP
+in IN B-PP
+1987 CD B-NP
+-- : O
+both DT B-NP
+figures NNS I-NP
+being VBG B-VP
+expressed VBN I-VP
+in IN B-PP
+1977 CD B-NP
+dollars NNS I-NP
+. . O
+
+In IN B-PP
+other JJ B-NP
+words NNS I-NP
+, , O
+after IN B-PP
+the DT B-NP
+glory NN I-NP
+boom NN I-NP
+of IN B-PP
+the DT B-NP
+Reagan NNP I-NP
+years NNS I-NP
+, , O
+wages NNS B-NP
+had VBD B-VP
+sunk VBN I-VP
+from IN B-PP
+the DT B-NP
+post NN I-NP
+World NNP I-NP
+War NNP I-NP
+II NNP I-NP
+peak NN I-NP
+by IN B-PP
+16 CD B-NP
+% NN I-NP
+as IN B-SBAR
+capitalists NNS B-NP
+, , O
+helped VBN B-VP
+by IN B-PP
+the DT B-NP
+government NN I-NP
+, , O
+turned VBD B-VP
+down RP B-PRT
+the DT B-NP
+screws NNS I-NP
+or CC O
+went VBD B-VP
+offshore JJ B-ADVP
+. . O
+
+But CC O
+there EX B-NP
+are VBP B-VP
+signs NNS B-NP
+now RB B-ADVP
+-- : O
+the DT B-NP
+strikes NNS I-NP
+by IN B-PP
+miners NNS B-NP
+, , O
+Boeing NNP B-NP
+workers NNS I-NP
+, , O
+telephone NN B-NP
+workers NNS I-NP
+, , B-NP
+etc. FW I-NP
+-- : O
+that IN B-SBAR
+this DT B-NP
+attack NN I-NP
+on IN B-PP
+wages NNS B-NP
+is VBZ B-VP
+being VBG I-VP
+more RBR I-VP
+fiercely RB I-VP
+resisted VBN I-VP
+. . O
+
+These DT B-NP
+are VBP B-VP
+long-term JJ B-NP
+Richter NNP I-NP
+readings NNS I-NP
+on IN B-PP
+American JJ B-NP
+capitalism NN I-NP
+. . O
+
+The DT B-NP
+whole JJ I-NP
+structure NN I-NP
+is VBZ B-VP
+extremely RB B-ADJP
+shaky JJ I-ADJP
+. . O
+
+Governments NNS B-NP
+have VBP B-VP
+become VBN I-VP
+sophisticated JJ B-ADJP
+in IN B-PP
+handling NN B-VP
+moments NNS B-NP
+of IN B-PP
+panic NN B-NP
+-LRB- ( O
+a DT B-NP
+word NN I-NP
+the DT B-NP
+London NNP I-NP
+Times NNP I-NP
+forbade VBD B-VP
+my PRP$ B-NP
+father NN I-NP
+to TO B-VP
+use VB I-VP
+when WRB B-ADVP
+he PRP B-NP
+was VBD B-VP
+reporting VBG I-VP
+the DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+crash NN I-NP
+in IN B-PP
+1929 CD B-NP
+-RRB- ) O
+. . O
+
+But CC O
+sophistication NN B-NP
+has VBZ B-VP
+its PRP$ B-NP
+limits NNS I-NP
+. . O
+
+The DT B-NP
+S&L NNP I-NP
+bailout NN I-NP
+could MD B-VP
+cost VB I-VP
+$ $ B-NP
+300 CD I-NP
+billion CD I-NP
+, , O
+computing VBG B-VP
+interest NN B-NP
+on IN B-PP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+loans NNS I-NP
+. . O
+
+These DT B-NP
+are VBP B-VP
+real JJ B-NP
+costs NNS I-NP
+. . O
+
+Under IN B-PP
+what WP B-NP
+weights VBZ I-NP
+will MD O
+the DT B-NP
+Federal NNP I-NP
+Deposit NNP I-NP
+Insurance NNP I-NP
+Corporation NNP I-NP
+totter VB B-VP
+? . O
+
+Capitalism NN B-NP
+may MD B-VP
+now RB I-VP
+be VB I-VP
+engineered VBN I-VP
+to TO B-VP
+withstand VB I-VP
+sudden JJ B-NP
+shocks NNS I-NP
+, , O
+but CC O
+there EX B-NP
+are VBP B-VP
+fault NN B-NP
+lines NNS I-NP
+-- : O
+the DT B-NP
+crisis NN I-NP
+in IN B-PP
+profits NNS B-NP
+, , O
+the DT B-NP
+assault NN I-NP
+on IN B-PP
+wages NNS B-NP
+, , O
+the DT B-NP
+structural JJ I-NP
+inequity NN I-NP
+of IN B-PP
+the DT B-NP
+system NN I-NP
+-- : O
+that WDT B-NP
+make VBP B-VP
+fools NNS B-NP
+of IN B-PP
+those DT B-NP
+who WP B-NP
+claim VBP B-VP
+that IN B-SBAR
+the DT B-NP
+future NN I-NP
+is VBZ B-VP
+here RB B-ADVP
+and CC O
+that DT O
+history NN B-NP
+is VBZ B-VP
+over RB B-ADVP
+. . O
+
+Mr. NNP B-NP
+Cockburn NNP I-NP
+is VBZ B-VP
+a DT B-NP
+columnist NN I-NP
+for IN B-PP
+The DT B-NP
+Nation NN I-NP
+and CC O
+LA NNP B-NP
+Weekly NNP I-NP
+. . O
+
+Japan NNP B-NP
+Air NNP I-NP
+Lines NNPS I-NP
+, , O
+Lufthansa NNP B-NP
+German JJ I-NP
+Airlines NNPS I-NP
+and CC O
+Air NNP B-NP
+France NNP I-NP
+reportedly RB B-ADVP
+plan VBP B-VP
+to TO I-VP
+form VB I-VP
+an DT B-NP
+international JJ I-NP
+air-freight NN I-NP
+company NN I-NP
+this DT B-NP
+year NN I-NP
+, , O
+a DT B-NP
+move NN I-NP
+that WDT B-NP
+could MD B-VP
+further VB I-VP
+consolidate VB I-VP
+the DT B-NP
+industry NN I-NP
+. . O
+
+Japanese JJ B-NP
+newspaper NN I-NP
+Nihon NNP I-NP
+Keizai NNP I-NP
+Shimbun NNP I-NP
+reported VBD B-VP
+that IN B-SBAR
+the DT B-NP
+three CD I-NP
+giants NNS I-NP
+plan VBP B-VP
+to TO I-VP
+integrate VB I-VP
+their PRP$ B-NP
+cargo NN I-NP
+computers NNS I-NP
+and CC O
+ground-cargo NN B-NP
+and CC I-NP
+air-cargo NN I-NP
+systems NNS I-NP
+. . O
+
+They PRP B-NP
+reportedly RB B-ADVP
+will MD B-VP
+invest VB I-VP
+a DT B-NP
+total NN I-NP
+of IN B-PP
+20 CD B-NP
+billion CD I-NP
+yen NN I-NP
+-LRB- ( O
+$ $ B-NP
+140 CD I-NP
+million CD I-NP
+-RRB- ) O
+in IN B-PP
+the DT B-NP
+venture NN I-NP
+, , O
+whose WP$ B-NP
+headquarters NN I-NP
+would MD B-VP
+be VB I-VP
+in IN B-PP
+France NNP B-NP
+or CC O
+West NNP B-NP
+Germany NNP I-NP
+. . O
+
+The DT B-NP
+action NN I-NP
+follows VBZ B-VP
+Federal NNP B-NP
+Express NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+acquisition NN I-NP
+of IN B-PP
+Flying NNP B-NP
+Tiger NNP I-NP
+Line NNP I-NP
+Inc. NNP I-NP
+in IN B-PP
+August NNP B-NP
+. . O
+
+After IN B-PP
+that DT B-NP
+, , O
+`` `` O
+it PRP B-NP
+would MD B-VP
+make VB I-VP
+sense NN B-NP
+for IN B-SBAR
+airlines NNS B-NP
+to TO B-VP
+talk VB I-VP
+about IN B-PP
+doing VBG B-VP
+things NNS B-NP
+jointly RB B-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Cotton NNP B-NP
+Daly NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+cargo NN B-NP
+services NNS I-NP
+for IN B-PP
+New NNP B-NP
+York NNP I-NP
+consulting NN I-NP
+firm NN I-NP
+Simat NNP I-NP
+, , I-NP
+Helliesen NNP I-NP
+& CC I-NP
+Eichner NNP I-NP
+Inc NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Daly NNP I-NP
+said VBD B-VP
+such JJ B-NP
+discussions NNS I-NP
+are VBP B-VP
+motivated VBN I-VP
+by IN B-PP
+the DT B-NP
+competitive JJ I-NP
+threat NN I-NP
+posed VBN B-VP
+by IN B-PP
+Federal NNP B-NP
+Express NNP I-NP
+, , O
+United NNP B-NP
+Parcel NNP I-NP
+Service NNP I-NP
+of IN B-PP
+America NNP B-NP
+Inc. NNP I-NP
+and CC O
+other JJ B-NP
+fast-growing JJ I-NP
+air-freight NN I-NP
+companies NNS I-NP
+. . O
+
+Many JJ B-NP
+airlines NNS I-NP
+are VBP B-VP
+talking VBG I-VP
+about IN B-PP
+cargo NN B-NP
+ventures NNS I-NP
+, , O
+and CC O
+there EX B-NP
+have VBP B-VP
+been VBN I-VP
+rumors NNS B-NP
+about IN B-PP
+such JJ B-NP
+a DT I-NP
+tie NN I-NP
+between IN B-PP
+JAL NNP B-NP
+and CC O
+European JJ B-NP
+airlines NNS I-NP
+. . O
+
+In IN B-PP
+Tokyo NNP B-NP
+, , O
+a DT B-NP
+JAL NNP I-NP
+spokesman NN I-NP
+said VBD B-VP
+he PRP B-NP
+could MD B-VP
+n't RB I-VP
+confirm VB I-VP
+or CC I-VP
+deny VB I-VP
+the DT B-NP
+latest JJS I-NP
+Japanese JJ I-NP
+report NN I-NP
+. . O
+
+But CC O
+he PRP B-NP
+said VBD B-VP
+JAL NNP B-NP
+is VBZ B-VP
+talking VBG I-VP
+to TO B-PP
+Lufthansa NNP B-NP
+and CC O
+Air NNP B-NP
+France NNP I-NP
+about IN B-PP
+some DT B-NP
+sort NN I-NP
+of IN B-PP
+cargo NN B-NP
+venture NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+is VBZ B-VP
+just RB B-NP
+one CD I-NP
+of IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+strategies NNS B-NP
+JAL NNP B-NP
+has VBZ B-VP
+embarked VBN I-VP
+upon IN B-PP
+to TO B-VP
+come VB I-VP
+to TO B-PP
+terms NNS B-NP
+with IN B-PP
+the DT B-NP
+situation NN I-NP
+in IN B-PP
+Europe NNP B-NP
+after IN B-PP
+1992 CD B-NP
+, , O
+'' '' O
+the DT B-NP
+deadline NN I-NP
+for IN B-PP
+ending VBG B-VP
+trade NN B-NP
+barriers NNS I-NP
+in IN B-PP
+the DT B-NP
+EC NNP I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+Frankfurt NNP B-NP
+, , O
+a DT B-NP
+Lufthansa NNP I-NP
+spokesman NN I-NP
+confirmed VBD B-VP
+talks NNS B-NP
+are VBP B-VP
+under IN B-PP
+way NN B-NP
+, , O
+but CC O
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+. . O
+
+A DT B-NP
+Lufthansa NNP I-NP
+spokeswoman NN I-NP
+in IN B-PP
+Tokyo NNP B-NP
+said VBD B-VP
+the DT B-NP
+head NN I-NP
+of IN B-PP
+Lufthansa NNP B-NP
+'s POS B-NP
+cargo NN I-NP
+operations NNS I-NP
+had VBD B-VP
+been VBN I-VP
+in IN B-PP
+Toyko NNP B-NP
+last JJ B-NP
+week NN I-NP
+for IN B-PP
+talks NNS B-NP
+with IN B-PP
+JAL NNP B-NP
+. . O
+
+In IN B-PP
+Paris NNP B-NP
+, , O
+Air NNP B-NP
+France NNP I-NP
+declined VBD B-VP
+to TO I-VP
+comment VB I-VP
+. . O
+
+`` `` O
+Nothing NN B-NP
+is VBZ B-VP
+defined VBN I-VP
+or CC I-VP
+signed VBN I-VP
+at IN B-PP
+this DT B-NP
+point NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Daly NNP I-NP
+said VBD B-VP
+of IN B-PP
+the DT B-NP
+talks NNS I-NP
+. . O
+
+Whatever WDT B-NP
+accord VBP I-NP
+the DT B-NP
+three CD I-NP
+carriers NNS I-NP
+reach VBP B-VP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+he PRP B-NP
+is VBZ B-VP
+skeptical JJ B-ADJP
+it PRP B-NP
+would MD B-VP
+create VB I-VP
+a DT B-NP
+separate JJ I-NP
+airline NN I-NP
+. . O
+
+If IN B-SBAR
+the DT B-NP
+three CD I-NP
+companies NNS I-NP
+pool VBP B-VP
+their PRP$ B-NP
+air-freight NN I-NP
+businesses NNS I-NP
+, , O
+their PRP$ B-NP
+clout NN I-NP
+would MD B-VP
+be VB I-VP
+considerable JJ B-ADJP
+. . O
+
+According VBG B-PP
+to TO B-PP
+figures NNS B-NP
+from IN B-PP
+the DT B-NP
+International NNP I-NP
+Air NNP I-NP
+Transport NNP I-NP
+Association NNP I-NP
+, , O
+they PRP B-NP
+carried VBD B-VP
+a DT B-NP
+combined VBN I-NP
+1.8 CD I-NP
+million CD I-NP
+tons NNS I-NP
+of IN B-PP
+freight NN B-NP
+last JJ B-NP
+year NN I-NP
+. . O
+
+Federal NNP B-NP
+Express NNP I-NP
+and CC O
+Flying NNP B-NP
+Tiger NNP I-NP
+, , O
+as IN B-PP
+separate JJ B-NP
+companies NNS I-NP
+, , O
+carried VBD B-VP
+a DT B-NP
+combined VBN I-NP
+2.6 CD I-NP
+million CD I-NP
+tons NNS I-NP
+. . O
+
+Air NNP B-NP
+France NNP I-NP
+and CC O
+Lufthansa NNP B-NP
+last JJ B-NP
+month NN I-NP
+concluded VBD B-VP
+a DT B-NP
+far-reaching JJ I-NP
+cooperation NN I-NP
+accord NN I-NP
+that WDT B-NP
+includes VBZ B-VP
+air-freight NN B-NP
+activities NNS I-NP
+. . O
+
+They PRP B-NP
+plan VBP B-VP
+to TO I-VP
+increase VB I-VP
+cooperation NN B-NP
+in IN B-PP
+freight NN B-NP
+ground-handling NNS I-NP
+and CC O
+create VB B-VP
+a DT B-NP
+world-wide JJ I-NP
+computer NN I-NP
+system NN I-NP
+to TO B-VP
+process VB I-VP
+cargo NN B-NP
+. . O
+
+Other JJ B-NP
+airlines NNS I-NP
+would MD B-VP
+have VB I-VP
+access NN B-NP
+to TO B-PP
+the DT B-NP
+system NN I-NP
+, , O
+they PRP B-NP
+said VBD B-VP
+, , O
+and CC O
+negotiations NNS B-NP
+with IN B-PP
+partners NNS B-NP
+were VBD B-VP
+already RB B-ADVP
+under IN B-PP
+way NN B-NP
+. . O
+
+Both DT B-NP
+European JJ I-NP
+airlines NNS I-NP
+operate VBP B-VP
+extensive JJ B-NP
+fleets NNS I-NP
+of IN B-PP
+Boeing NNP B-NP
+747 CD I-NP
+freighters NNS I-NP
+and CC O
+747 CD B-NP
+Combis NNPS I-NP
+, , O
+aircraft NN B-NP
+that WDT B-NP
+carry VBP B-VP
+both DT B-NP
+freight NN I-NP
+and CC I-NP
+passengers NNS I-NP
+on IN B-PP
+the DT B-NP
+main JJ I-NP
+deck NN I-NP
+. . O
+
+They PRP B-NP
+currently RB B-ADVP
+have VBP B-VP
+large JJ B-NP
+orders NNS I-NP
+for IN B-PP
+cargo NN B-NP
+planes NNS I-NP
+. . O
+
+Several JJ B-NP
+airlines NNS I-NP
+, , O
+including VBG B-PP
+Lufthansa NNP B-NP
+, , O
+JAL NNP B-NP
+and CC O
+Cathay NNP B-NP
+Pacific NNP I-NP
+Airways NNPS I-NP
+, , O
+are VBP B-VP
+working VBG I-VP
+on IN B-PP
+a DT B-NP
+so-called JJ I-NP
+global JJ I-NP
+cargo NN I-NP
+system NN I-NP
+and CC O
+are VBP B-VP
+trying VBG I-VP
+to TO I-VP
+attract VB I-VP
+other JJ B-NP
+carriers NNS I-NP
+to TO B-VP
+join VB I-VP
+, , O
+Mr. NNP B-NP
+Daly NNP I-NP
+said VBD B-VP
+. . O
+
+JAL NNP B-NP
+also RB B-ADVP
+has VBZ B-VP
+signaled VBN I-VP
+it PRP B-NP
+is VBZ B-VP
+looking VBG I-VP
+for IN B-PP
+toeholds NNS B-NP
+in IN B-PP
+Europe NNP B-NP
+before IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+1992 CD B-NP
+. . O
+
+Last JJ B-NP
+month NN I-NP
+, , O
+the DT B-NP
+carrier NN I-NP
+said VBD B-VP
+it PRP B-NP
+wanted VBD B-VP
+to TO I-VP
+lease VB I-VP
+crews NNS B-NP
+and CC I-NP
+planes NNS I-NP
+from IN B-PP
+British JJ B-NP
+Airways NNPS I-NP
+so IN B-SBAR
+it PRP B-NP
+could MD B-VP
+funnel VB I-VP
+its PRP$ B-NP
+passengers NNS I-NP
+from IN B-PP
+London NNP B-NP
+to TO B-PP
+other JJ B-NP
+European JJ I-NP
+destinations NNS I-NP
+. . O
+
+British JJ B-NP
+Airways NNPS I-NP
+said VBD B-VP
+it PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+received VBN I-VP
+a DT B-NP
+proposal NN I-NP
+from IN B-PP
+JAL NNP B-NP
+. . O
+
+But CC O
+last JJ B-NP
+week NN I-NP
+there EX B-NP
+were VBD B-VP
+air-traffic NN B-NP
+negotiations NNS I-NP
+between IN B-PP
+the DT B-NP
+U.K. NNP I-NP
+and CC O
+Japan NNP B-NP
+, , O
+a DT B-NP
+likely JJ I-NP
+first JJ I-NP
+step NN I-NP
+to TO B-PP
+any DT B-NP
+commercial JJ I-NP
+agreement NN I-NP
+between IN B-PP
+JAL NNP B-NP
+and CC O
+British JJ B-NP
+Airways NNPS I-NP
+or CC O
+another DT B-NP
+U.K. NNP I-NP
+carrier NN I-NP
+. . O
+
+Federal NNP B-NP
+Paper NNP I-NP
+Board NNP I-NP
+Co. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+completed VBD B-VP
+the DT B-NP
+previously RB I-NP
+announced VBN I-NP
+purchase NN I-NP
+of IN B-PP
+Imperial NNP B-NP
+Cup NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+closely RB I-NP
+held VBN I-NP
+maker NN I-NP
+of IN B-PP
+paper NN B-NP
+cups NNS I-NP
+based VBN B-VP
+in IN B-PP
+Kenton NNP B-NP
+, , O
+Ohio NNP B-NP
+. . O
+
+Terms NNS B-NP
+were VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+Imperial NNP B-NP
+Cup NNP I-NP
+has VBZ B-VP
+annual JJ B-NP
+sales NNS I-NP
+of IN B-PP
+approximately RB B-NP
+$ $ I-NP
+75 CD I-NP
+million CD I-NP
+. . O
+
+Federal NNP B-NP
+Paper NNP I-NP
+Board NNP I-NP
+sells VBZ B-VP
+paper NN B-NP
+and CC I-NP
+wood NN I-NP
+products NNS I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+move NN I-NP
+to TO B-VP
+prevent VB I-VP
+any DT B-NP
+dislocation NN I-NP
+in IN B-PP
+the DT B-NP
+financial JJ I-NP
+markets NNS I-NP
+from IN B-PP
+the DT B-NP
+California NNP I-NP
+earthquake NN I-NP
+, , O
+the DT B-NP
+Securities NNPS I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+said VBD B-VP
+it PRP B-NP
+temporarily RB B-ADVP
+reassigned VBD B-VP
+options NNS B-NP
+listed VBN B-VP
+on IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+to TO B-PP
+the DT B-NP
+American NNP I-NP
+, , I-NP
+New NNP I-NP
+York NNP I-NP
+and CC I-NP
+Philadelphia NNP I-NP
+stock NN I-NP
+exchanges NNS I-NP
+and CC B-PP
+to TO B-PP
+the DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+Options NNP I-NP
+Exchange NNP I-NP
+. . O
+
+The DT B-NP
+decision NN I-NP
+, , O
+which WDT B-NP
+affects VBZ B-VP
+millions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+of IN B-PP
+trading NN B-NP
+positions NNS I-NP
+, , O
+was VBD B-VP
+made VBN I-VP
+late JJ B-NP
+yesterday NN I-NP
+because IN B-SBAR
+the DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+'s POS B-NP
+options NNS I-NP
+floor NN I-NP
+was VBD B-VP
+shut VBN I-VP
+down RB B-PRT
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+. . O
+
+The DT B-NP
+SEC NNP I-NP
+, , O
+faced VBN B-VP
+with IN B-PP
+a DT B-NP
+major JJ I-NP
+squeeze NN I-NP
+on IN B-PP
+options NNS B-NP
+positions NNS I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+necessary JJ B-ADJP
+to TO B-VP
+ensure VB I-VP
+that IN B-SBAR
+options NNS B-NP
+listed VBN B-VP
+on IN B-PP
+the DT B-NP
+exchange NN I-NP
+could MD B-VP
+be VB I-VP
+traded VBN I-VP
+today NN B-NP
+and CC I-NP
+tomorrow NN I-NP
+. . O
+
+SEC NNP B-NP
+Chairman NNP I-NP
+Richard NNP I-NP
+Breeden NNP I-NP
+said VBD B-VP
+the DT B-NP
+cooperation NN I-NP
+by IN B-PP
+the DT B-NP
+exchanges NNS I-NP
+would MD B-VP
+enable VB I-VP
+investors NNS B-NP
+to TO B-VP
+buy VB I-VP
+and CC I-VP
+sell VB I-VP
+options NNS B-NP
+listed VBN B-VP
+solely RB B-ADVP
+on IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+, , O
+guaranteeing VBG B-VP
+the DT B-NP
+liquidity NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+Officials NNS B-NP
+at IN B-PP
+the DT B-NP
+four CD I-NP
+exchanges NNS I-NP
+said VBD B-VP
+well RB B-NP
+over IN I-NP
+50 CD I-NP
+traders NNS I-NP
+from IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+were VBD B-VP
+taking VBG I-VP
+flights NNS B-NP
+from IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+late JJ B-NP
+yesterday NN I-NP
+to TO B-PP
+the DT B-NP
+American NNP I-NP
+, , I-NP
+New NNP I-NP
+York NNP I-NP
+and CC I-NP
+Philadelphia NNP I-NP
+exchanges NNS I-NP
+and CC B-PP
+to TO B-PP
+the DT B-NP
+CBOE NNP I-NP
+, , O
+where WRB B-ADVP
+they PRP B-NP
+would MD B-VP
+continue VB I-VP
+making VBG I-VP
+markets NNS B-NP
+in IN B-PP
+the DT B-NP
+Pacific-listed JJ I-NP
+options NNS I-NP
+. . O
+
+The DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+said VBD B-VP
+carpenters NNS B-NP
+quickly RB B-VP
+erected VBN I-VP
+a DT B-NP
+new JJ I-NP
+options NNS I-NP
+floor NN I-NP
+to TO B-VP
+accomodate VB I-VP
+40 CD B-NP
+traders NNS I-NP
+from IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+specialists NNS B-NP
+on IN B-PP
+the DT B-NP
+exchanges NNS I-NP
+agreed VBD B-VP
+to TO I-VP
+provide VB I-VP
+backup NN B-NP
+capital NN I-NP
+for IN B-PP
+market-making NN B-NP
+in IN B-PP
+Pacific NNP B-NP
+exchange NN I-NP
+options NNS I-NP
+traded VBN B-VP
+on IN B-PP
+the DT B-NP
+exchanges NNS I-NP
+. . O
+
+Trading NN B-NP
+was VBD B-VP
+light NN B-ADJP
+on IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+yesterday NN B-NP
+, , O
+with IN B-PP
+workers NNS B-NP
+at IN B-PP
+the DT B-NP
+exchange NN I-NP
+'s POS B-NP
+main JJ I-NP
+floor NN I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+struggling VBG B-VP
+to TO I-VP
+execute VB I-VP
+orders NNS B-NP
+by IN B-PP
+flashlight NN B-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+a DT B-NP
+continuing VBG I-NP
+power NN I-NP
+outage NN I-NP
+. . O
+
+The DT B-NP
+most RBS I-NP
+pressing VBG I-NP
+problem NN I-NP
+was VBD B-VP
+the DT B-NP
+suspension NN I-NP
+of IN B-PP
+options NNS B-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+has VBZ B-VP
+options NNS B-NP
+for IN B-PP
+129 CD B-NP
+underlying VBG I-NP
+stock NN I-NP
+issues NNS I-NP
+, , O
+including VBG B-PP
+highly RB B-NP
+active JJ I-NP
+Hilton NNP I-NP
+Hotels NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+listed VBN I-VP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+. . O
+
+Investors NNS B-NP
+were VBD B-VP
+concerned VBN B-ADJP
+that IN B-SBAR
+they PRP B-NP
+might MD B-VP
+be VB I-VP
+unable JJ B-ADJP
+to TO B-VP
+exercise VB I-VP
+options NNS B-NP
+that WDT B-NP
+expire VBP B-VP
+tomorrow NN B-NP
+. . O
+
+But CC O
+professionals NNS B-NP
+said VBD B-VP
+throughout IN B-PP
+the DT B-NP
+day NN I-NP
+that IN B-SBAR
+the DT B-NP
+shutdown NN I-NP
+would MD B-VP
+n't RB I-VP
+be VB I-VP
+a DT B-NP
+cause NN I-NP
+for IN B-PP
+alarm NN B-NP
+even RB B-SBAR
+if IN I-SBAR
+it PRP B-NP
+were VBD B-VP
+to TO I-VP
+persist VB I-VP
+for IN B-PP
+several JJ B-NP
+days NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+'ve VBP B-VP
+told VBD I-VP
+my PRP$ B-NP
+staff NN I-NP
+and CC I-NP
+clients NNS I-NP
+that IN B-SBAR
+they PRP B-NP
+still RB B-ADVP
+have VBP B-VP
+the DT B-NP
+ability NN I-NP
+to TO B-VP
+exercise VB I-VP
+their PRP$ B-NP
+options NNS I-NP
+, , O
+because IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+guaranteed VBN I-VP
+by IN B-PP
+the DT B-NP
+Options NNP I-NP
+Clearing NNP I-NP
+Corp. NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+Michael NNP B-NP
+Schwartz NNP I-NP
+, , O
+a DT B-NP
+senior JJ I-NP
+registered VBN I-NP
+options NNS I-NP
+strategist NN I-NP
+at IN B-PP
+Oppenheimer NNP B-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+SEC NNP I-NP
+reassigned VBD B-VP
+trading NN B-NP
+in IN B-PP
+the DT B-NP
+options NNS I-NP
+, , O
+however RB B-ADVP
+, , O
+to TO B-VP
+allow VB I-VP
+investors NNS B-NP
+to TO B-VP
+do VB I-VP
+more JJR B-NP
+than IN B-SBAR
+simply JJ B-ADVP
+exercise NN B-VP
+the DT B-NP
+options NNS I-NP
+. . O
+
+While IN B-SBAR
+the DT B-NP
+exchange NN I-NP
+'s POS B-NP
+equities NNS I-NP
+floor NN I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+remained VBD B-VP
+open JJ B-ADJP
+on IN B-PP
+a DT B-NP
+limited JJ I-NP
+basis NN I-NP
+, , O
+orders NNS B-NP
+were VBD B-VP
+being VBG I-VP
+routed VBN I-VP
+and CC I-VP
+executed VBN I-VP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+. . O
+
+Workers NNS B-NP
+could MD B-VP
+dial VB I-VP
+out IN B-ADVP
+, , O
+but CC O
+they PRP B-NP
+could MD B-VP
+n't RB I-VP
+receive VB I-VP
+telephone NN B-NP
+calls NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+very RB I-NP
+uncertain JJ I-NP
+situation NN I-NP
+right RB B-ADVP
+now RB I-ADVP
+, , O
+'' '' O
+said VBD B-VP
+Navin NNP B-NP
+Vyas NNP I-NP
+, , O
+administrative JJ B-NP
+assistant NN I-NP
+of IN B-PP
+trading NN B-NP
+floor NN I-NP
+operations NNS I-NP
+of IN B-PP
+the DT B-NP
+exchange NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+daily JJ B-NP
+volume NN I-NP
+of IN B-PP
+about IN B-NP
+10 CD I-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+Because IN B-SBAR
+the DT B-NP
+exchange NN I-NP
+'s POS B-NP
+computer NN I-NP
+was VBD B-VP
+rerouting VBG I-VP
+orders NNS B-NP
+to TO B-PP
+the DT B-NP
+exchange NN I-NP
+'s POS B-NP
+trading NN I-NP
+operations NNS I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+`` `` O
+business NN B-NP
+is VBZ B-VP
+as IN B-PP
+usual JJ B-ADJP
+'' '' O
+Mr. NNP B-NP
+Vyas NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+If IN B-SBAR
+one CD B-NP
+city NN I-NP
+is VBZ B-VP
+down RB B-ADJP
+, , O
+the DT B-NP
+other NN I-NP
+can MD B-VP
+take VB I-VP
+over IN B-PRT
+. . O
+'' '' O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+brokerage NN I-NP
+firms NNS I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+were VBD B-VP
+trying VBG I-VP
+to TO I-VP
+cope VB I-VP
+. . O
+
+Charles NNP B-NP
+Daggs NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+of IN B-PP
+Sutro NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+said VBD B-VP
+traders NNS B-NP
+came VBD B-VP
+to TO B-PP
+work VB B-NP
+at IN B-PP
+5 NN B-NP
+a.m. NN I-NP
+PDT NNP I-NP
+-- : O
+many JJ B-NP
+on IN B-PP
+foot NN B-NP
+because IN B-PP
+of IN I-PP
+uncertain JJ B-NP
+road NN I-NP
+and CC I-NP
+traffic NN I-NP
+conditions NNS I-NP
+-- : O
+but CC O
+learned VBD B-VP
+that IN B-SBAR
+they PRP B-NP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+await VB I-VP
+a DT B-NP
+required VBN I-NP
+inspection NN I-NP
+by IN B-PP
+the DT B-NP
+city NN I-NP
+in IN B-SBAR
+order NN O
+to TO B-VP
+turn VB I-VP
+the DT B-NP
+power NN I-NP
+back RB B-ADVP
+on IN B-PRT
+at IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+two CD I-NP
+main JJ I-NP
+facilities NNS I-NP
+there RB I-NP
+. . O
+
+That DT B-NP
+should MD B-VP
+happen VB I-VP
+by IN B-PP
+today NN B-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Traders NNS B-NP
+worked VBD B-VP
+with IN B-PP
+the DT B-NP
+help NN I-NP
+of IN B-PP
+sunlight NN B-NP
+streaming VBG B-VP
+through IN B-PP
+windows NNS B-NP
+, , O
+despite IN B-PP
+large JJ B-NP
+cracks NNS I-NP
+in IN B-PP
+the DT B-NP
+walls NNS I-NP
+and CC O
+a DT B-NP
+lack NN I-NP
+of IN B-PP
+incoming JJ B-NP
+phone NN I-NP
+calls NNS I-NP
+. . O
+
+Also RB B-ADVP
+, , O
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+telecommunications NNS I-NP
+equipment NN I-NP
+was VBD B-VP
+out RB B-ADJP
+. . O
+
+The DT B-NP
+traders NNS I-NP
+were VBD B-VP
+executing VBG I-VP
+municipal JJ B-NP
+bond NN I-NP
+, , O
+mutual JJ B-NP
+fund NN I-NP
+and CC O
+other JJ B-NP
+orders NNS B-NP
+through IN B-PP
+a DT B-NP
+sister NN I-NP
+firm NN I-NP
+, , O
+Tucker NNP B-NP
+Anthony NNP I-NP
+Inc. NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+also RB I-VP
+owned VBN I-VP
+by IN B-PP
+John NNP B-NP
+Hancock NNP I-NP
+Freedom NNP I-NP
+Securities NNPS I-NP
+but CC O
+is VBZ B-VP
+based VBN I-VP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+having VBG I-VP
+a DT B-NP
+regular JJ I-NP
+day NN I-NP
+. . O
+
+Volume NN B-NP
+is VBZ B-VP
+down RB B-ADVP
+out IN B-PP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , B-PP
+but CC I-PP
+not RB I-PP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+11 CD I-NP
+outlying JJ I-NP
+offices NNS I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Daggs NNP I-NP
+added VBD B-VP
+. . O
+
+Sutro NNP B-NP
+'s POS B-NP
+Oakland NNP I-NP
+office NN I-NP
+executed VBD B-VP
+orders NNS B-NP
+through IN B-PP
+the DT B-NP
+Sacramento NNP I-NP
+office NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+n't RB I-VP
+affected VBN I-VP
+by IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+Others NNS B-NP
+, , O
+like IN B-PP
+Prudential-Bache NNP B-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+eight CD B-NP
+offices NNS I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+, , O
+set VBN B-VP
+up IN B-PRT
+an DT B-NP
+800 CD I-NP
+number NN I-NP
+yesterday NN B-NP
+morning NN I-NP
+for IN B-SBAR
+customers NNS B-NP
+to TO B-VP
+obtain VB I-VP
+market NN B-NP
+commentary NN I-NP
+and CC O
+other JJ B-NP
+help NN I-NP
+. . O
+
+At IN B-PP
+Kidder NNP B-NP
+, , I-NP
+Peabody NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+'s POS B-NP
+Sacramento NNP I-NP
+branch NN I-NP
+, , O
+Manager NNP B-NP
+Janet NNP I-NP
+White NNP I-NP
+received VBD B-VP
+calls VBZ B-NP
+yesterday NN B-NP
+morning NN I-NP
+from IN B-PP
+workers NNS B-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+who WP B-NP
+offered VBD B-VP
+to TO I-VP
+work VB I-VP
+in IN B-PP
+Sacramento NNP B-NP
+. . O
+
+Then RB O
+she PRP B-NP
+discovered VBD B-VP
+that IN B-SBAR
+Quotron NNP B-NP
+Systems NNP I-NP
+Inc. NNP I-NP
+'s POS B-NP
+Sacramento NNP I-NP
+lines NNS I-NP
+were VBD B-VP
+down RB B-ADJP
+, , O
+because IN B-SBAR
+they PRP B-NP
+are VBP B-VP
+normally RB I-VP
+tied VBN I-VP
+in IN B-ADVP
+through IN B-PP
+a DT B-NP
+system NN I-NP
+that WDT B-NP
+goes VBZ B-VP
+through IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+So RB O
+the DT B-NP
+Kidder NNP I-NP
+brokers NNS I-NP
+had VBD B-VP
+to TO I-VP
+call VB I-VP
+other JJ B-NP
+company NN I-NP
+offices NNS I-NP
+to TO B-VP
+get VB I-VP
+quotes NNS B-NP
+on IN B-PP
+stocks NNS B-NP
+. . O
+
+At IN B-PP
+Quotron NNP B-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+National NNP I-NP
+Call-In NN I-NP
+Center NNP I-NP
+, , O
+which WDT B-NP
+swung VBD B-VP
+into IN B-PP
+action NN B-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+last JJ B-NP
+month NN I-NP
+for IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+, , O
+assembled VBD B-VP
+a DT B-NP
+tactical JJ I-NP
+team NN I-NP
+at IN B-PP
+5 NN B-NP
+a.m. NN I-NP
+yesterday NN B-NP
+to TO B-VP
+begin VB I-VP
+rerouting VBG I-VP
+lines NNS B-NP
+and CC O
+restore VB B-VP
+service NN B-NP
+to TO B-PP
+brokers NNS B-NP
+and CC I-NP
+traders NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+dispatched VBD B-VP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+200 CD I-NP
+people NNS I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+to TO B-VP
+do VB I-VP
+the DT B-NP
+work NN I-NP
+, , O
+though IN B-SBAR
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+rerouting VBG I-NP
+was VBD B-VP
+done VBN I-VP
+by IN B-PP
+computer NN B-NP
+. . O
+
+Service NNP B-NP
+appeared VBD B-VP
+to TO I-VP
+be VB I-VP
+down RB B-ADJP
+throughout IN B-PP
+the DT B-NP
+financial JJ I-NP
+district NN I-NP
+in IN B-PP
+downtown NN B-NP
+San NNP I-NP
+Francisco NNP I-NP
+, , O
+while IN B-SBAR
+just RB B-NP
+parts NNS I-NP
+of IN B-PP
+Oakland NNP B-NP
+and CC O
+San NNP B-NP
+Jose NNP I-NP
+were VBD B-VP
+knocked VBN I-VP
+out RB B-PRT
+. . O
+
+But CC O
+Dale NNP B-NP
+Irvine NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+the DT B-NP
+emergency NN I-NP
+center NN I-NP
+, , O
+said VBD B-VP
+service NN B-NP
+was VBD B-VP
+being VBG I-VP
+restored VBN I-VP
+to TO B-PP
+outlying JJ B-NP
+San NNP I-NP
+Francisco NNP I-NP
+areas NNS I-NP
+. . O
+
+In IN B-PP
+Chicago NNP B-NP
+yesterday NN B-NP
+, , O
+Options NNP B-NP
+Clearing NNP I-NP
+confirmed VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+guarantees VBZ B-VP
+the DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+options NNS I-NP
+. . O
+
+The DT B-NP
+firm NN I-NP
+also RB B-ADVP
+will MD B-VP
+permit VB I-VP
+its PRP$ B-NP
+members NNS I-NP
+and CC O
+the DT B-NP
+public JJ I-NP
+`` `` O
+to TO B-VP
+exercise VB I-VP
+their PRP$ B-NP
+put NN I-NP
+and CC I-NP
+call VB I-NP
+options NNS I-NP
+contracts NNS I-NP
+traded VBN B-VP
+on IN B-PP
+the DT B-NP
+Pacific NNP I-NP
+exchange NN I-NP
+'' '' O
+even RB B-SBAR
+if IN I-SBAR
+the DT B-NP
+exchange NN I-NP
+is VBZ B-VP
+closed VBN B-ADJP
+, , O
+said VBD B-VP
+Wayne NNP B-NP
+Luthringshausen NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Options NNP B-NP
+Clearing NNP I-NP
+. . O
+
+-LRB- ( O
+Put VB B-NP
+options NNS I-NP
+give VB B-VP
+holders NNS B-NP
+the DT B-NP
+right NN I-NP
+, , B-NP
+but CC I-NP
+not RB I-NP
+the DT B-NP
+obligation NN I-NP
+, , O
+to TO B-VP
+sell VB I-VP
+a DT B-NP
+financial JJ I-NP
+instrument NN I-NP
+at IN B-PP
+a DT B-NP
+specified VBN I-NP
+price NN I-NP
+, , O
+while IN B-SBAR
+call NN B-NP
+options NNS I-NP
+give VBP B-VP
+holders NNS B-NP
+the DT B-NP
+right NN I-NP
+, , B-NP
+but CC I-NP
+not RB I-NP
+the DT B-NP
+obligation NN I-NP
+, , O
+to TO B-VP
+buy VB I-VP
+a DT B-NP
+financial JJ I-NP
+instrument NN I-NP
+at IN B-PP
+a DT B-NP
+specified VBN I-NP
+price NN I-NP
+-RRB- ) O
+. . O
+
+Investors NNS B-NP
+and CC I-NP
+traders NNS I-NP
+in IN B-PP
+Pacific NNP B-NP
+exchange NN I-NP
+options NNS I-NP
+`` `` O
+are VBP B-VP
+protected VBN I-VP
+to TO B-PP
+the DT B-NP
+extent NN I-NP
+that IN B-SBAR
+they PRP B-NP
+can MD B-VP
+convert VB I-VP
+their PRP$ B-NP
+put NN I-NP
+and CC I-NP
+call VB I-NP
+options NNS I-NP
+into IN B-PP
+the DT B-NP
+underlying VBG I-NP
+instrument NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Luthringshausen NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+seeing VBG I-VP
+such JJ B-NP
+exercises NNS I-NP
+today NN B-NP
+, , O
+in IN B-PP
+fact NN B-NP
+. . O
+
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+its PRP$ B-NP
+board NN I-NP
+approved VBD B-VP
+the DT B-NP
+purchase NN I-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+of IN B-PP
+its PRP$ B-NP
+common JJ I-NP
+shares NNS I-NP
+, , O
+a DT B-NP
+move NN I-NP
+that WDT B-NP
+should MD B-VP
+help VB I-VP
+support VB I-VP
+its PRP$ B-NP
+battered VBN I-NP
+stock NN I-NP
+. . O
+
+Even RB B-SBAR
+as IN I-SBAR
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+has VBZ B-VP
+generally RB I-VP
+done VBN I-VP
+well RB B-ADVP
+this DT B-NP
+year NN I-NP
+, , O
+IBM NNP B-NP
+'s POS B-NP
+shares NNS I-NP
+have VBP B-VP
+slipped VBN I-VP
+steadily RB B-ADVP
+from IN B-PP
+its PRP$ B-NP
+52-week JJ I-NP
+high NN I-NP
+of IN B-PP
+$ $ B-NP
+130.875 CD I-NP
+. . O
+
+Yesterday NN B-NP
+'s POS B-NP
+closing VBG I-NP
+price NN I-NP
+of IN B-PP
+$ $ B-NP
+101.75 CD I-NP
+, , O
+down RB B-ADVP
+50 CD B-NP
+cents NNS I-NP
+, , O
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+puts VBZ B-VP
+the DT B-NP
+stock NN I-NP
+at IN B-PP
+about IN B-NP
+1 CD I-NP
+1\/2 CD I-NP
+times NNS I-NP
+book NN I-NP
+value NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+as RB B-ADJP
+low JJ I-ADJP
+as IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+sunk VBN I-VP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+decade NN I-NP
+. . O
+
+The DT B-NP
+announcement NN I-NP
+came VBD B-VP
+after IN B-PP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+close NN I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+by IN B-PP
+IBM NNP B-NP
+was VBD B-VP
+n't RB O
+exactly RB B-ADVP
+a DT B-NP
+surprise NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+has VBZ B-VP
+spent VBN I-VP
+some DT B-NP
+$ $ I-NP
+5 NN I-NP
+billion CD I-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+3 CD I-NP
+1\/2 CD I-NP
+years NNS I-NP
+to TO B-VP
+buy VB I-VP
+back RB B-ADVP
+42 CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+, , O
+or CC O
+roughly RB B-NP
+7 CD I-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+outstanding JJ B-ADJP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+despite IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+well-publicized JJ I-NP
+recent JJ I-NP
+problems NNS I-NP
+, , O
+the DT B-NP
+computer NN I-NP
+giant NN I-NP
+still RB B-ADVP
+generates VBZ B-VP
+enormous JJ B-NP
+amounts NNS I-NP
+of IN B-PP
+cash NN B-NP
+. . O
+
+As IN B-PP
+of IN B-PP
+the DT B-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+, , O
+it PRP B-NP
+had VBD B-VP
+$ $ B-NP
+4.47 CD I-NP
+billion CD I-NP
+of IN B-PP
+cash NN B-NP
+and CC O
+marketable JJ B-NP
+securities NNS I-NP
+on IN B-PP
+hand NN B-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+some DT B-NP
+securities NNS I-NP
+analysts NNS I-NP
+had VBD B-VP
+predicted VBN I-VP
+in IN B-PP
+recent JJ B-NP
+days NNS I-NP
+that IN B-SBAR
+IBM NNP B-NP
+would MD B-VP
+authorize VB I-VP
+additional JJ B-NP
+purchases NNS I-NP
+. . O
+
+In IN B-PP
+Armonk NNP B-NP
+, , O
+N.Y. NNP B-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+that IN B-SBAR
+although IN B-SBAR
+IBM NNP B-NP
+did VBD B-VP
+n't RB I-VP
+view VB I-VP
+its PRP$ B-NP
+spending NN I-NP
+as IN B-PP
+necessarily RB B-NP
+a DT I-NP
+way NN I-NP
+to TO B-VP
+support VB I-VP
+the DT B-NP
+stock NN I-NP
+, , O
+it PRP B-NP
+thought VBD B-VP
+the DT B-NP
+purchases NNS I-NP
+were VBD B-VP
+a DT B-NP
+good JJ I-NP
+way NN I-NP
+to TO B-VP
+improve VB I-VP
+such JJ B-NP
+financial JJ I-NP
+measurements NNS I-NP
+as IN B-PP
+per-share JJ B-NP
+earnings NNS I-NP
+and CC O
+return NN B-NP
+on IN B-PP
+equity NN B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+view VBP B-VP
+it PRP B-NP
+as IN B-PP
+a DT B-NP
+good JJ I-NP
+long-term JJ I-NP
+investment NN I-NP
+, , O
+'' '' O
+the DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+In IN B-PP
+the DT B-NP
+short JJ I-NP
+term NN I-NP
+, , O
+the DT B-NP
+move NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+have VB I-VP
+little JJ B-NP
+effect NN I-NP
+. . O
+
+At IN B-PP
+yesterday NN B-NP
+'s POS B-NP
+closing VBG I-NP
+price NN I-NP
+, , O
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+would MD B-VP
+buy VB I-VP
+back RB B-ADVP
+about IN B-NP
+10 CD I-NP
+million CD I-NP
+shares NNS I-NP
+, , O
+or CC O
+less JJR B-NP
+than IN I-NP
+2 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+roughly RB I-NP
+580 CD I-NP
+million CD I-NP
+outstanding JJ B-ADJP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+as IN B-PP
+of IN B-PP
+Sept. NNP B-NP
+30 CD I-NP
+, , O
+the DT B-NP
+company NN I-NP
+still RB B-ADVP
+had VBD B-VP
+authorization NN B-NP
+to TO B-VP
+buy VB I-VP
+$ $ B-NP
+368 CD I-NP
+million CD I-NP
+of IN B-PP
+stock NN B-NP
+under IN B-PP
+a DT B-NP
+prior JJ I-NP
+repurchase NN I-NP
+program NN I-NP
+. . O
+
+Over IN B-PP
+the DT B-NP
+long JJ I-NP
+term NN I-NP
+, , O
+however RB B-ADVP
+, , O
+IBM NNP B-NP
+'s POS B-NP
+stock NN I-NP
+repurchases NNS I-NP
+-- : O
+along IN B-PP
+with IN B-PP
+its PRP$ B-NP
+hefty JJ I-NP
+, , I-NP
+$ $ I-NP
+4.84-a-share CD I-NP
+annual JJ I-NP
+dividend NN I-NP
+and CC O
+generally RB B-NP
+loyal JJ I-NP
+following NN I-NP
+among IN B-PP
+large JJ B-NP
+institutional JJ I-NP
+investors NNS I-NP
+-- : O
+are VBP B-VP
+providing VBG I-VP
+a DT B-NP
+floor NN I-NP
+for IN B-PP
+the DT B-NP
+stock NN I-NP
+price NN I-NP
+. . O
+
+Although IN B-SBAR
+IBM NNP B-NP
+last JJ B-NP
+year NN I-NP
+produced VBD B-VP
+its PRP$ B-NP
+first JJ I-NP
+strong JJ I-NP
+results NNS I-NP
+in IN B-PP
+four CD B-NP
+years NNS I-NP
+and CC O
+was VBD B-VP
+expected VBN I-VP
+to TO I-VP
+continue VB I-VP
+to TO I-VP
+roll VB I-VP
+this DT B-NP
+year NN I-NP
+, , O
+it PRP B-NP
+began VBD B-VP
+faltering VBG I-VP
+as RB B-ADVP
+early RB I-ADVP
+as IN B-PP
+January NNP B-NP
+. . O
+
+First RB B-ADVP
+, , O
+it PRP B-NP
+had VBD B-VP
+trouble NN B-NP
+manufacturing VBG B-VP
+a DT B-NP
+chip NN I-NP
+for IN B-PP
+its PRP$ B-NP
+mainframes NNS I-NP
+, , O
+IBM NNP B-NP
+'s POS B-NP
+bread-and-butter JJ I-NP
+business NN I-NP
+. . O
+
+Then RB O
+it PRP B-NP
+had VBD B-VP
+a DT B-NP
+series NN I-NP
+of IN B-PP
+smaller JJR B-NP
+glitches NNS I-NP
+, , O
+including VBG B-PP
+problems NNS B-NP
+manufacturing NN B-VP
+certain JJ B-NP
+personal JJ I-NP
+computers NNS I-NP
+and CC O
+the DT B-NP
+delay NN I-NP
+in IN B-PP
+the DT B-NP
+announcement NN I-NP
+of IN B-PP
+some DT B-NP
+important JJ I-NP
+workstations NNS I-NP
+. . O
+
+Finally RB B-ADVP
+, , O
+IBM NNP B-NP
+had VBD B-VP
+to TO I-VP
+delay VB I-VP
+the DT B-NP
+introduction NN I-NP
+of IN B-PP
+some DT B-NP
+high-end JJ I-NP
+disk NN I-NP
+drives NNS I-NP
+, , O
+which WDT B-NP
+account VBP B-VP
+for IN B-PP
+10 CD B-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+$ $ I-NP
+60 CD I-NP
+billion CD I-NP
+of IN B-PP
+annual JJ B-NP
+revenue NN I-NP
+. . O
+
+None NN B-NP
+of IN B-PP
+the DT B-NP
+problems NNS I-NP
+is VBZ B-VP
+necessarily RB B-ADJP
+fatal JJ I-ADJP
+, , O
+and CC O
+they PRP B-NP
+are VBP B-VP
+n't RB O
+all DT O
+necessarily RB B-ADJP
+even RB I-ADJP
+related VBN I-ADJP
+. . O
+
+There EX B-NP
+are VBP B-VP
+also RB B-ADVP
+other JJ B-NP
+factors NNS I-NP
+at IN B-PP
+work NN B-NP
+that WDT B-NP
+are VBP B-VP
+outside IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+control NN I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+currency NN B-NP
+exchange NN I-NP
+rates NNS I-NP
+. . O
+
+The DT B-NP
+strong JJ I-NP
+dollar NN I-NP
+, , O
+which WDT B-NP
+reduces VBZ B-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+overseas JJ B-NP
+earnings NNS I-NP
+and CC I-NP
+revenue NN I-NP
+when WRB B-ADVP
+they PRP B-NP
+are VBP B-VP
+translated VBN I-VP
+into IN B-PP
+dollars NNS B-NP
+, , O
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+knock VB I-VP
+80 CD B-NP
+to TO I-NP
+85 CD I-NP
+cents NNS I-NP
+off IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+per-share JJ I-NP
+earnings NNS I-NP
+for IN B-PP
+the DT B-NP
+full JJ I-NP
+year NN I-NP
+. . O
+
+Without IN B-PP
+that DT B-NP
+problem NN I-NP
+, , O
+IBM NNP B-NP
+might MD B-VP
+have VB I-VP
+matched VBN I-VP
+last JJ B-NP
+year NN I-NP
+'s POS B-NP
+earnings NNS I-NP
+of IN B-PP
+$ $ B-NP
+5.81 CD I-NP
+billion CD I-NP
+, , O
+or CC O
+$ $ B-NP
+9.80 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+investors NNS B-NP
+will MD B-VP
+take VB I-VP
+some DT B-NP
+convincing NN I-NP
+before IN B-SBAR
+they PRP B-NP
+get VBP B-VP
+back RB B-ADVP
+into IN B-PP
+IBM NNP B-NP
+'s POS B-NP
+stock NN I-NP
+in IN B-PP
+a DT B-NP
+big JJ I-NP
+way NN I-NP
+. . O
+
+Steve NNP B-NP
+Milunovich NNP I-NP
+, , O
+a DT B-NP
+securities NNS I-NP
+analyst NN I-NP
+at IN B-PP
+First NNP B-NP
+Boston NNP I-NP
+, , O
+said VBD B-VP
+that IN B-SBAR
+while IN B-SBAR
+investors NNS B-NP
+were VBD B-VP
+looking VBG I-VP
+for IN B-PP
+an DT B-NP
+excuse NN I-NP
+to TO B-VP
+buy VB I-VP
+IBM NNP B-NP
+shares VBZ I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+even RB B-NP
+the DT I-NP
+big JJ I-NP
+institutional JJ I-NP
+investors NNS I-NP
+are VBP B-VP
+looking VBG I-VP
+for IN B-PP
+a DT B-NP
+reason NN I-NP
+to TO B-VP
+avoid VB I-VP
+the DT B-NP
+stock NN I-NP
+these DT B-NP
+days NNS I-NP
+. . O
+
+On IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+yesterday NN B-NP
+, , O
+northern JJ B-NP
+California NNP I-NP
+'s POS B-NP
+killer NN I-NP
+earthquake NN I-NP
+was VBD B-VP
+just RB B-NP
+another DT I-NP
+chance NN I-NP
+to TO B-VP
+make VB I-VP
+a DT B-NP
+buck NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+opening NN I-NP
+bell NN I-NP
+, , O
+investors NNS B-NP
+quickly RB B-VP
+began VBD I-VP
+singling VBG I-VP
+out RP B-PRT
+shares NNS B-NP
+of IN B-PP
+companies NNS B-NP
+expected VBN B-VP
+to TO I-VP
+profit VB I-VP
+or CC I-VP
+suffer VB I-VP
+in IN B-PP
+some DT B-NP
+way NN I-NP
+from IN B-PP
+the DT B-NP
+California NNP I-NP
+disaster NN I-NP
+, , O
+including VBG B-PP
+insurers NNS B-NP
+, , O
+construction-related JJ B-NP
+companies NNS I-NP
+, , O
+refiners NNS B-NP
+and CC O
+housing NN B-NP
+lenders NNS I-NP
+. . O
+
+Brokerage NN B-NP
+houses NNS I-NP
+jumped VBD B-VP
+in IN B-ADVP
+, , O
+touting VBG B-VP
+`` `` B-NP
+post-quake JJ I-NP
+demand NN I-NP
+'' '' I-NP
+stocks NNS I-NP
+, , O
+and CC O
+Kidder NNP B-NP
+, , I-NP
+Peabody NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+set VBD B-VP
+up IN B-PRT
+a DT B-NP
+toll-free JJ I-NP
+hot JJ I-NP
+line NN I-NP
+for IN B-PP
+San NNP B-NP
+Franciscans NNP I-NP
+who WP B-NP
+might MD B-VP
+need VB I-VP
+emergency NN B-NP
+investment NN I-NP
+advice NN I-NP
+and CC O
+help VB B-NP
+in IN B-PP
+transferring VBG B-VP
+funds NNS B-NP
+. . O
+
+`` `` O
+Wall NNP B-NP
+Street NNP I-NP
+thinks VBZ B-VP
+of IN B-PP
+everything NN B-NP
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+money NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Tom NNP B-NP
+Gallagher NNP I-NP
+, , O
+a DT B-NP
+senior JJ I-NP
+Oppenheimer NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+trader NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+he PRP B-NP
+added VBD B-VP
+, , O
+such JJ B-NP
+event-driven JJ I-NP
+trading NN I-NP
+moves NNS I-NP
+typically RB B-VP
+last JJ I-VP
+only RB B-NP
+a DT I-NP
+few JJ I-NP
+hours NNS I-NP
+and CC O
+are VBP B-VP
+often RB I-VP
+made VBN I-VP
+without IN B-PP
+full JJ B-NP
+information NN I-NP
+. . O
+
+The DT B-NP
+most RBS I-NP
+popular JJ I-NP
+plays NNS I-NP
+of IN B-PP
+the DT B-NP
+day NN I-NP
+were VBD B-VP
+insurance NN B-NP
+companies NNS I-NP
+such JJ B-PP
+as IN I-PP
+General NNP B-NP
+Re NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+rose VBD B-VP
+$ $ B-NP
+2.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+86.50 CD I-NP
+, , O
+Nac NNP B-NP
+Re NNP I-NP
+Corp. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2 CD I-NP
+to TO B-PP
+$ $ B-NP
+37.75 CD I-NP
+, , O
+American NNP B-NP
+International NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+3.25 CD I-NP
+to TO B-PP
+$ $ B-NP
+102.625 CD I-NP
+, , O
+and CC O
+Cigna NNP B-NP
+Corp. NNP I-NP
+, , O
+up IN B-ADVP
+87.5 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+62.50 CD I-NP
+. . O
+
+Yesterday NN B-NP
+, , O
+the DT B-NP
+brokerage NN I-NP
+firm NN I-NP
+Conning NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+said VBD B-VP
+insurers NNS B-NP
+will MD B-VP
+use VB I-VP
+the DT B-NP
+earthquake NN I-NP
+as IN B-PP
+an DT B-NP
+excuse NN I-NP
+to TO B-VP
+raise VB I-VP
+insurance NN B-NP
+rates NNS I-NP
+, , O
+ending VBG B-VP
+their PRP$ B-NP
+long JJ I-NP
+price NN I-NP
+wars NNS I-NP
+. . O
+
+Before IN B-SBAR
+this DT B-NP
+bullish JJ I-NP
+theory NN I-NP
+surfaced VBD B-VP
+, , O
+some DT B-NP
+insurance NN I-NP
+stocks NNS I-NP
+initially RB B-ADVP
+fell VBD B-VP
+, , O
+indicating VBG B-VP
+that IN B-SBAR
+investors NNS B-NP
+thought VBD B-VP
+the DT B-NP
+quake NN I-NP
+might MD B-VP
+cost VB I-VP
+insurers NNS B-NP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+money NN B-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+ended VBD B-VP
+the DT B-NP
+day NN I-NP
+off IN B-ADVP
+50 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+36.50 CD I-NP
+, , O
+said VBD B-VP
+earthquake NN B-NP
+damage NN I-NP
+would MD B-VP
+slightly RB I-VP
+hurt VBN I-VP
+fourth-quarter JJ B-NP
+profit NN I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+prospect NN I-NP
+for IN B-PP
+rebuilding VBG B-VP
+northern JJ B-NP
+California NNP I-NP
+, , O
+investors NNS B-NP
+bid VBP B-VP
+up IN B-PRT
+cement-makers NNS B-NP
+Calmat NNP I-NP
+Co. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+28.75 CD I-NP
+, , O
+and CC O
+Lone NNP B-NP
+Star NNP I-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+29.25 CD I-NP
+. . O
+
+Bridge NNP B-NP
+and CC I-NP
+road NN I-NP
+builders NNS I-NP
+had VBD B-VP
+a DT B-NP
+field NN I-NP
+day NN I-NP
+, , O
+including VBG B-PP
+Kasler NNP B-NP
+Corp. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2.125 CD I-NP
+to TO B-PP
+$ $ B-NP
+9.875 CD I-NP
+, , O
+Guy NNP B-NP
+F. NNP I-NP
+Atkinson NNP I-NP
+Co. NNP I-NP
+, , O
+up IN B-ADVP
+87.5 CD B-NP
+to TO B-PP
+$ $ B-NP
+61.875 CD I-NP
+, , O
+and CC O
+Morrison NNP B-NP
+Knudsen NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+reported VBD B-VP
+higher JJR B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+yesterday NN B-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2.25 CD I-NP
+to TO B-PP
+$ $ B-NP
+44.125 CD I-NP
+. . O
+
+Fluor NNP B-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+construction NN I-NP
+engineering NN I-NP
+firm NN I-NP
+, , O
+gained VBD B-VP
+75 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+33.375 CD I-NP
+. . O
+
+But CC O
+home-building JJ B-NP
+stocks NNS I-NP
+were VBD B-VP
+a DT B-NP
+mixed VBN I-NP
+bag NN I-NP
+. . O
+
+Timber NN B-NP
+stocks NNS I-NP
+got VBD B-VP
+a DT B-NP
+big JJ I-NP
+boost NN I-NP
+. . O
+
+Georgia NNP B-NP
+Pacific NNP I-NP
+Corp. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+1.25 CD I-NP
+to TO B-PP
+$ $ B-NP
+58 CD I-NP
+, , O
+and CC O
+Maxxam NNP B-NP
+Inc. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+3 CD I-NP
+to TO B-PP
+$ $ B-NP
+43.75 CD I-NP
+, , O
+both DT O
+reported VBD B-VP
+strong JJ B-NP
+profits NNS I-NP
+. . O
+
+Merrill NNP B-NP
+Lynch NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+touted VBD B-VP
+Georgia-Pacific NNP B-NP
+, , O
+Louisiana NNP B-NP
+Pacific NNP I-NP
+Corp. NNP I-NP
+and CC O
+Willamette NNP B-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+as IN B-PP
+the DT B-NP
+best JJS I-NP
+post-quake JJ I-NP
+plywood NN I-NP
+plays NNS I-NP
+. . O
+
+Other JJ B-NP
+gainers NNS I-NP
+were VBD B-VP
+companies NNS B-NP
+with IN B-PP
+one CD B-NP
+or CC I-NP
+more RBR I-NP
+undamaged JJ I-NP
+California NNP I-NP
+refineries NNS I-NP
+. . O
+
+Tosco NNP B-NP
+Corp. NNP I-NP
+jumped VBD B-VP
+$ $ B-NP
+1.125 CD I-NP
+to TO B-PP
+$ $ B-NP
+20.125 CD I-NP
+and CC O
+Chevron NNP B-NP
+Corp. NNP I-NP
+, , O
+despite IN B-PP
+a DT B-NP
+temporary JJ I-NP
+pipeline NN I-NP
+shutdown NN I-NP
+, , O
+rose VBD B-VP
+$ $ B-NP
+1 CD I-NP
+to TO B-PP
+$ $ B-NP
+65 CD I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+shares VBZ B-NP
+of IN B-PP
+some DT B-NP
+big JJ I-NP
+housing NN I-NP
+lenders NNS I-NP
+got VBD B-VP
+hit VBN I-VP
+, , O
+on IN B-PP
+the DT B-NP
+likelihood NN I-NP
+that IN B-SBAR
+the DT B-NP
+lenders NNS I-NP
+' POS B-NP
+collateral NN I-NP
+-- : O
+people NNS B-NP
+'s POS B-NP
+homes NNS I-NP
+-- : O
+suffered VBD B-VP
+physical JJ B-NP
+damage NN I-NP
+and CC O
+perhaps RB B-ADVP
+a DT B-NP
+loss NN I-NP
+in IN B-PP
+value NN B-NP
+. . O
+
+Wells NNP B-NP
+Fargo NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+fell VBD B-VP
+50 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+81.50 CD I-NP
+, , O
+and CC O
+BankAmerica NNP B-NP
+Corp. NNP I-NP
+fell VBD B-VP
+50 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+31.875 CD I-NP
+. . O
+
+Some DT B-NP
+California NNP I-NP
+thrift NN I-NP
+stocks NNS I-NP
+also RB B-ADVP
+fell VBD B-VP
+, , O
+including VBG B-PP
+Golden NNP B-NP
+West NNP I-NP
+Financial NNP I-NP
+Corp. NNP I-NP
+and CC O
+H.F. NNP B-NP
+Ahmanson NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+reported VBD B-VP
+lower JJR B-NP
+earnings NNS I-NP
+yesterday NN B-NP
+. . O
+
+`` `` O
+Property NNP B-NP
+values NNS I-NP
+did VBD B-VP
+n't RB I-VP
+go VB I-VP
+up IN B-ADVP
+in IN B-PP
+California NNP B-NP
+yesterday NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+one CD B-NP
+money NN I-NP
+manager NN I-NP
+. . O
+
+Pacific NNP B-NP
+Gas NNP I-NP
+& CC I-NP
+Electric NNP I-NP
+Co. NNP I-NP
+fell VBD B-VP
+37.5 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+19.625 CD I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+its PRP$ B-NP
+power NN I-NP
+generators NNS I-NP
+was VBD B-VP
+damaged VBN I-VP
+, , O
+though IN B-SBAR
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+there EX B-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+any DT B-NP
+financial JJ I-NP
+impact NN I-NP
+. . O
+
+Pacific NNP B-NP
+Telesis NNP I-NP
+Group NNP I-NP
+lost VBD B-VP
+62.5 CD B-NP
+cents NNS I-NP
+to TO B-PP
+$ $ B-NP
+44.625 CD I-NP
+. . O
+
+A DT B-NP
+computer NN I-NP
+failure NN I-NP
+delayed VBD B-VP
+its PRP$ B-NP
+earnings NNS I-NP
+announcement NN I-NP
+, , O
+and CC O
+some DT B-NP
+investors NNS I-NP
+think VBP B-VP
+it PRP B-NP
+might MD B-VP
+have VB I-VP
+extra JJ B-NP
+costs NNS I-NP
+to TO B-VP
+repair VB I-VP
+damaged VBN B-NP
+telephone NN I-NP
+lines NNS I-NP
+. . O
+
+Heavy JJ B-NP
+construction NN I-NP
+, , O
+property-casualty JJ B-NP
+insurance NN I-NP
+and CC O
+forest NN B-NP
+products NNS I-NP
+were VBD B-VP
+among IN B-PP
+the DT B-NP
+best JJS I-NP
+performing VBG I-NP
+industry NN I-NP
+groups NNS I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Equity NNP I-NP
+Market NNP I-NP
+Index NNP I-NP
+yesterday NN B-NP
+. . O
+
+Friday NNP B-NP
+'s POS B-NP
+stock NN I-NP
+market NN I-NP
+plunge NN I-NP
+claimed VBD B-VP
+its PRP$ B-NP
+second JJ I-NP
+victim NN I-NP
+among IN B-PP
+the DT B-NP
+scores NNS I-NP
+of IN B-PP
+futures NNS B-NP
+and CC I-NP
+options NNS I-NP
+trading NN I-NP
+firms NNS I-NP
+here RB B-ADVP
+. . O
+
+Petco NNP B-NP
+Options NNPS I-NP
+, , O
+an DT B-NP
+options NNS I-NP
+trading NN I-NP
+firm NN I-NP
+owned VBN B-VP
+by IN B-PP
+the DT B-NP
+family NN I-NP
+of IN B-PP
+the DT O
+deceased JJ O
+former JJ O
+Chicago NNP O
+Board NNP O
+of IN B-PP
+Trade NNP B-NP
+chairman NN B-NP
+Ralph NNP B-NP
+Peters NNP I-NP
+, , O
+is VBZ B-VP
+getting VBG I-VP
+out IN B-ADVP
+of IN B-PP
+the DT B-NP
+trade NN I-NP
+clearing VBG I-NP
+, , O
+or CC O
+processing NN O
+and CC O
+guaranteeing VBG O
+, , O
+business NN B-NP
+after IN B-PP
+sustaining VBG B-VP
+a DT B-NP
+multimillion JJ I-NP
+dollar NN I-NP
+loss NN I-NP
+Friday NNP B-NP
+, , O
+options NNS B-NP
+industry NN I-NP
+officials NNS I-NP
+said VBD B-VP
+. . O
+
+Nearly RB B-NP
+75 CD I-NP
+options NNS I-NP
+traders NNS I-NP
+on IN B-PP
+the DT B-NP
+Chicago NNP I-NP
+Board NNP I-NP
+Options NNP I-NP
+Exchange NNP I-NP
+who WP B-NP
+cleared VBD B-VP
+trades NNS B-NP
+through IN B-PP
+Petco NNP B-NP
+, , O
+including VBG B-PP
+a DT B-NP
+handful NN I-NP
+of IN B-PP
+traders NNS B-NP
+who WP B-NP
+lost VBD B-VP
+between IN B-NP
+$ $ I-NP
+500,000 CD I-NP
+to TO I-NP
+$ $ I-NP
+1 CD I-NP
+million CD I-NP
+themselves PRP O
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+debacle NN I-NP
+, , O
+are VBP B-VP
+trying VBG I-VP
+to TO I-VP
+transfer VB I-VP
+their PRP$ B-NP
+business NN I-NP
+to TO B-PP
+other JJ B-NP
+clearing NN I-NP
+firms NNS I-NP
+, , O
+CBOE NNP B-NP
+members NNS I-NP
+said VBD B-VP
+. . O
+
+Timothy NNP B-NP
+Vincent NNP I-NP
+, , O
+Petco NNP B-NP
+chief JJ I-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+confirmed VBD B-VP
+that IN B-SBAR
+Petco NNP B-NP
+was VBD B-VP
+withdrawing VBG I-VP
+from IN B-PP
+the DT B-NP
+clearing VBG I-NP
+business NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+owners NNS I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+got VBD B-VP
+a DT B-NP
+look NN I-NP
+at IN B-PP
+the DT B-NP
+potential JJ I-NP
+risks NNS I-NP
+in IN B-PP
+this DT B-NP
+business NN I-NP
+, , O
+and CC O
+after IN B-PP
+Monday NNP B-NP
+they PRP B-NP
+felt VBD B-VP
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+be VB I-VP
+exposed VBN I-VP
+any DT B-ADVP
+more JJR I-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+Petco NNP B-NP
+remained VBD B-VP
+in IN B-PP
+compliance NN B-NP
+with IN B-PP
+all DT B-NP
+industry NN I-NP
+capital NN I-NP
+requirements NNS I-NP
+during IN B-PP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+rapid JJ I-NP
+plunge NN I-NP
+Friday NNP B-NP
+and CC O
+Monday NNP B-NP
+'s POS B-NP
+rebound NN I-NP
+. . O
+
+A DT B-NP
+CBOE NNP I-NP
+spokeswoman NN I-NP
+declined VBD B-VP
+comment VB B-NP
+on IN B-PP
+Petco NNP B-NP
+. . O
+
+Over IN B-PP
+the DT B-NP
+weekend NN I-NP
+Fossett NNP B-NP
+Corp. NNP I-NP
+, , O
+another DT B-NP
+options NNS I-NP
+trading NN I-NP
+firm NN I-NP
+, , O
+transferred VBD B-VP
+the DT B-NP
+clearing VBG I-NP
+accounts NNS I-NP
+of IN B-PP
+about IN B-NP
+160 CD I-NP
+traders NNS I-NP
+to TO B-PP
+First NNP B-NP
+Options NNPS I-NP
+of IN B-PP
+Chicago NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Continental NNP B-NP
+Bank NNP I-NP
+Corp. NNP I-NP
+, , O
+because IN B-SBAR
+it PRP B-NP
+could MD B-VP
+n't RB I-VP
+meet VB I-VP
+regulatory JJ B-NP
+capital NN I-NP
+requirements NNS I-NP
+after IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+market NN I-NP
+slide NN I-NP
+. . O
+
+The DT B-NP
+unprecedented JJ I-NP
+transfer NN I-NP
+of IN B-PP
+accounts NNS B-NP
+underscored VBD B-VP
+the DT B-NP
+options NNS I-NP
+industry NN I-NP
+'s POS B-NP
+desire NN I-NP
+not RB O
+to TO B-VP
+have VB I-VP
+its PRP$ B-NP
+credibility NN I-NP
+tarnished VBN B-VP
+by IN B-PP
+potentially RB B-NP
+widespread JJ I-NP
+trading NN I-NP
+defaults NNS I-NP
+on IN B-PP
+Monday NNP B-NP
+. . O
+
+The DT B-NP
+CBOE NNP I-NP
+, , O
+American NNP B-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Options NNP B-NP
+Clearing NNP I-NP
+Corp. NNP I-NP
+and CC O
+Stephen NNP B-NP
+Fossett NNP I-NP
+, , O
+owner NN B-NP
+of IN B-PP
+Fossett NNP B-NP
+, , O
+joined VBD B-VP
+in IN B-PP
+putting VBG B-VP
+up IN B-PRT
+$ $ B-NP
+50 CD I-NP
+million CD I-NP
+to TO B-VP
+guarantee VB I-VP
+the DT B-NP
+accounts NNS I-NP
+at IN B-PP
+First NNP B-NP
+Options NNPS I-NP
+. . O
+
+The DT B-NP
+head NN I-NP
+of IN B-PP
+another DT B-NP
+small JJ I-NP
+options NNS I-NP
+clearing VBG I-NP
+firm NN I-NP
+, , O
+who WP B-NP
+asked VBD B-VP
+not RB O
+to TO B-VP
+be VB I-VP
+identified VBN I-VP
+, , O
+said VBD B-VP
+that IN B-SBAR
+the DT B-NP
+heightened VBN I-NP
+volatility NN I-NP
+in IN B-PP
+the DT B-NP
+financial JJ I-NP
+markets NNS I-NP
+in IN B-PP
+recent JJ B-NP
+years NNS I-NP
+makes VBZ B-VP
+it PRP B-NP
+increasingly RB B-ADJP
+difficult JJ I-ADJP
+for IN B-SBAR
+any DT B-NP
+but CC B-PP
+the DT B-NP
+largest JJS I-NP
+financial JJ I-NP
+trading NN I-NP
+firms NNS I-NP
+to TO B-VP
+shoulder VB I-VP
+the DT B-NP
+risk NN I-NP
+inherent JJ B-ADJP
+in IN B-PP
+the DT B-NP
+highly RB I-NP
+leveraged JJ I-NP
+options NNS I-NP
+and CC I-NP
+futures NNS I-NP
+business NN I-NP
+. . O
+
+Prior RB B-PP
+to TO I-PP
+the DT B-NP
+introduction NN I-NP
+of IN B-PP
+financial JJ B-NP
+futures NNS I-NP
+in IN B-PP
+the DT B-NP
+late JJ I-NP
+1970s NNS I-NP
+, , O
+most RBS B-NP
+trading NN I-NP
+firms NNS I-NP
+clustered VBN B-VP
+around IN B-PP
+the DT B-NP
+LaSalle NNP I-NP
+Street NNP I-NP
+financial JJ I-NP
+district NN I-NP
+here RB B-ADVP
+were VBD B-VP
+family NN B-NP
+operations NNS I-NP
+handed VBD B-VP
+down RB B-ADVP
+from IN B-PP
+one CD B-NP
+generation NN I-NP
+to TO B-PP
+the DT B-NP
+next JJ I-NP
+. . O
+
+Most JJS B-NP
+also RB B-ADVP
+were VBD B-VP
+relatively RB B-ADJP
+undercapitalized JJ I-ADJP
+compared VBN B-PP
+with IN B-PP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+most RBS B-NP
+Wall NNP I-NP
+Street NNP I-NP
+securities NNS I-NP
+firms NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Peters NNP I-NP
+, , O
+a DT B-NP
+LaSalle NNP I-NP
+Street NNP I-NP
+legend NN I-NP
+among IN B-PP
+the DT B-NP
+post-World NNP I-NP
+War NNP I-NP
+II NNP I-NP
+generation NN I-NP
+of IN B-PP
+commodity NN B-NP
+traders NNS I-NP
+, , O
+was VBD B-VP
+rumored VBN I-VP
+to TO I-VP
+have VB I-VP
+amassed VBN I-VP
+a DT B-NP
+multimillion-dollar JJ I-NP
+fortune NN I-NP
+from IN B-PP
+commodity NN B-NP
+trading NN I-NP
+and CC O
+other JJ B-NP
+activities NNS I-NP
+by IN B-PP
+the DT B-NP
+time NN I-NP
+he PRP B-NP
+died VBD B-VP
+in IN B-PP
+May NNP B-NP
+. . O
+
+Part NN B-NP
+of IN B-PP
+a DT B-NP
+Series NNP I-NP
+-RCB- ) O
+
+Betty NNP B-NP
+Lombardi NNP I-NP
+is VBZ B-VP
+a DT B-NP
+mild-mannered JJ I-NP
+homemaker NN I-NP
+and CC I-NP
+grandmother NN I-NP
+in IN B-PP
+rural JJ B-NP
+Hunterdon NNP I-NP
+County NNP I-NP
+, , O
+N.J NNP B-NP
+. . O
+
+But CC O
+put VB B-VP
+her PRP B-NP
+behind IN B-PP
+a DT B-NP
+shopping NN I-NP
+cart NN I-NP
+and CC O
+she PRP B-NP
+turns VBZ B-VP
+ruthless JJ B-ADJP
+. . O
+
+If IN B-SBAR
+Colgate NNP B-NP
+toothpaste NN I-NP
+offers VBZ B-VP
+a DT B-NP
+tempting JJ I-NP
+money-saving JJ I-NP
+coupon NN I-NP
+, , O
+she PRP B-NP
+'ll MD B-VP
+cross VB I-VP
+Crest NNP B-NP
+off IN B-PP
+her PRP$ B-NP
+shopping NN I-NP
+list NN I-NP
+without IN B-PP
+a DT B-NP
+second NN I-NP
+thought VBD I-NP
+. . O
+
+Never RB B-ADVP
+mind NN B-VP
+that IN O
+her PRP$ B-NP
+husband NN I-NP
+prefers VBZ B-VP
+Crest NNP B-NP
+. . O
+
+Some DT B-NP
+weeks NNS I-NP
+when WRB B-ADVP
+her PRP$ B-NP
+supermarket NN I-NP
+runs VBZ B-VP
+a DT B-NP
+double-coupon NN I-NP
+promotion NN I-NP
+, , O
+she PRP B-NP
+boasts VBZ B-VP
+that IN B-SBAR
+she PRP B-NP
+shaves VBZ B-VP
+$ $ B-NP
+22 CD I-NP
+off IN B-PP
+her PRP$ B-NP
+bill NN I-NP
+. . O
+
+Money NNP B-NP
+is VBZ B-VP
+n't RB O
+the DT B-NP
+only JJ I-NP
+thing NN I-NP
+that WDT B-NP
+makes VBZ B-VP
+her PRP$ B-NP
+dump NN B-VP
+once RB B-NP
+favorite JJ I-NP
+brands NNS I-NP
+. . O
+
+After IN B-SBAR
+she PRP B-NP
+heard VBD B-VP
+about IN B-PP
+the DT B-NP
+artery-clogging NN I-NP
+hazards NNS I-NP
+of IN B-PP
+tropical JJ B-NP
+oils NNS I-NP
+in IN B-PP
+many JJ B-NP
+cookies NNS I-NP
+, , O
+she PRP B-NP
+dropped VBD B-VP
+Pepperidge NNP B-NP
+Farm NNP I-NP
+and CC O
+started VBD B-VP
+buying VBG I-VP
+brands NNS B-NP
+free JJ B-ADJP
+of IN B-PP
+such JJ B-NP
+oils NNS I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+always RB B-ADVP
+thought VBD B-VP
+Pepperidge NNP B-NP
+Farm NNP I-NP
+was VBD B-VP
+tasty JJ B-ADJP
+and CC O
+high JJ B-ADJP
+quality NN I-ADJP
+, , O
+'' '' O
+Mrs. NNP B-NP
+Lombardi NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+But CC O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+want VB I-VP
+any DT B-NP
+of IN B-PP
+that DT B-NP
+oil NN I-NP
+for IN B-PP
+my PRP$ B-NP
+grandkids NNS I-NP
+. . O
+'' '' O
+
+-LRB- ( O
+Pepperidge NNP B-NP
+Farm NNP I-NP
+says VBZ B-VP
+it PRP B-NP
+ca MD B-VP
+n't RB I-VP
+tell VB I-VP
+exactly RB B-NP
+how WRB I-NP
+many JJ I-NP
+customers NNS I-NP
+it PRP B-NP
+has VBZ B-VP
+lost VBN I-VP
+, , O
+but CC O
+it PRP B-NP
+hopes VBZ B-VP
+to TO I-VP
+remove VB I-VP
+the DT B-NP
+objectionable JJ I-NP
+tropical JJ I-NP
+oil NN I-NP
+from IN B-PP
+all DT B-NP
+its PRP$ I-NP
+products NNS I-NP
+by IN B-PP
+year NN B-NP
+end NN I-NP
+. . O
+-RRB- ) O
+
+Clearly RB B-ADVP
+, , O
+people NNS B-NP
+like IN B-PP
+Mrs. NNP B-NP
+Lombardi NNP I-NP
+are VBP B-VP
+giving VBG I-VP
+marketers NNS B-NP
+fits VBZ B-NP
+. . O
+
+She PRP B-NP
+represents VBZ B-VP
+a DT B-NP
+new JJ I-NP
+breed NN I-NP
+of IN B-PP
+savvy JJ B-NP
+consumer NN I-NP
+who WP B-NP
+puts VBZ B-VP
+bargain NN B-NP
+prices NNS I-NP
+, , O
+nutritional JJ B-NP
+and CC I-NP
+environmental JJ I-NP
+concerns NNS I-NP
+, , O
+and CC O
+other JJ B-NP
+priorities NNS I-NP
+ahead RB B-ADVP
+of IN B-PP
+old-fashioned JJ B-NP
+brand NN I-NP
+loyalty NN I-NP
+. . O
+
+While IN B-SBAR
+brand NN B-NP
+loyalty NN I-NP
+is VBZ B-VP
+far RB B-PP
+from IN B-PP
+dead JJ B-ADJP
+, , O
+marketing NN B-NP
+experts NNS I-NP
+say VBP B-VP
+it PRP B-NP
+has VBZ B-VP
+eroded VBN I-VP
+during IN B-PP
+the DT B-NP
+1980s CD I-NP
+. . O
+
+Marketers NNS B-NP
+themselves PRP O
+are VBP B-VP
+partly RB B-ADVP
+to TO B-PP
+blame VB B-ADJP
+: : O
+They PRP B-NP
+'ve VBP B-VP
+increased VBN I-VP
+spending NN B-NP
+for IN B-PP
+coupons NNS B-NP
+and CC O
+other JJ B-NP
+short-term JJ I-NP
+promotions NNS I-NP
+at IN B-PP
+the DT B-NP
+expense NN I-NP
+of IN B-PP
+image-building JJ B-NP
+advertising NN I-NP
+. . O
+
+What WP B-NP
+'s VBZ B-VP
+more JJR B-NP
+, , O
+a DT B-NP
+flood NN I-NP
+of IN B-PP
+new JJ B-NP
+products NNS I-NP
+has VBZ B-VP
+given VBN I-VP
+consumers NNS B-NP
+a DT B-NP
+dizzying JJ I-NP
+choice NN I-NP
+of IN B-PP
+brands NNS B-NP
+, , O
+many NN B-NP
+of IN B-PP
+which WDT B-NP
+are VBP B-VP
+virtually JJ B-ADVP
+carbon NN B-NP
+copies NNS I-NP
+of IN B-PP
+one CD B-NP
+other JJ I-NP
+. . O
+
+`` `` O
+Marketers NNS B-NP
+have VBP B-VP
+brought VBN I-VP
+this DT B-NP
+on IN B-PP
+themselves PRP B-NP
+with IN B-PP
+their PRP$ B-NP
+heavy JJ I-NP
+use NN I-NP
+'' '' O
+of IN B-PP
+promotions NNS B-NP
+, , O
+contends VBZ B-VP
+Joe NNP B-NP
+Plummer NNP I-NP
+, , O
+an DT B-NP
+executive JJ I-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+the DT B-NP
+D'Arcy NNP I-NP
+Masius NNP I-NP
+Benton NNP I-NP
+& CC I-NP
+Bowles NNP I-NP
+ad NN I-NP
+agency NN I-NP
+. . O
+
+`` `` O
+Without IN B-PP
+some DT B-NP
+real JJ I-NP
+product NN I-NP
+improvements NNS I-NP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+difficult JJ B-ADJP
+to TO B-VP
+win VB I-VP
+that DT B-NP
+loyalty NN I-NP
+back RB B-ADVP
+. . O
+'' '' O
+
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+'s POS B-NP
+`` `` O
+American JJ O
+Way NN O
+of IN B-PP
+Buying VBG B-NP
+'' '' B-NP
+survey NN I-NP
+this DT B-NP
+year NN I-NP
+found VBD B-VP
+that IN B-SBAR
+most RBS B-NP
+consumers NNS I-NP
+switch VBP B-VP
+brands NNS B-NP
+for IN B-PP
+many NN B-NP
+of IN B-PP
+the DT B-NP
+products NNS I-NP
+they PRP B-NP
+use VBP B-VP
+. . O
+
+For IN B-PP
+the DT B-NP
+survey NN I-NP
+, , O
+Peter NNP B-NP
+D. NNP I-NP
+Hart NNP I-NP
+Research NNP I-NP
+Associates NNPS I-NP
+asked VBD B-VP
+some DT B-NP
+2,000 CD I-NP
+consumers NNS I-NP
+, , O
+including VBG B-PP
+Mrs. NNP B-NP
+Lombardi NNP I-NP
+, , O
+whether IN B-SBAR
+they PRP B-NP
+usually RB B-VP
+buy VBP I-VP
+one CD B-NP
+brand NN I-NP
+of IN B-PP
+a DT B-NP
+certain JJ I-NP
+type NN I-NP
+of IN B-PP
+product NN B-NP
+or CC O
+have VBP B-VP
+no DT B-NP
+brand NN I-NP
+loyalty NN I-NP
+. . O
+
+More RBR B-NP
+than IN I-NP
+half PDT I-NP
+the DT I-NP
+users NNS I-NP
+of IN B-PP
+17 CD B-NP
+of IN B-PP
+the DT B-NP
+25 CD I-NP
+products NNS I-NP
+included VBD B-VP
+in IN B-PP
+the DT B-NP
+survey NN I-NP
+said VBD B-VP
+they PRP B-NP
+'re VBP B-VP
+brand NN B-NP
+switchers NNS I-NP
+. . O
+
+Overall RB B-ADVP
+, , O
+12 CD B-NP
+% NN I-NP
+of IN B-PP
+consumers NNS B-NP
+are VBP B-VP
+n't RB O
+brand VBP B-ADJP
+loyal JJ I-ADJP
+for IN B-PP
+any DT B-NP
+of IN B-PP
+the DT B-NP
+25 CD I-NP
+product NN I-NP
+categories NNS I-NP
+. . O
+
+About IN B-NP
+47 CD I-NP
+% NN I-NP
+are VBP B-VP
+loyal JJ B-ADJP
+for IN B-PP
+one CD B-NP
+to TO I-NP
+five CD I-NP
+of IN B-PP
+the DT B-NP
+products NNS I-NP
+. . O
+
+Only RB B-NP
+2 CD I-NP
+% NN I-NP
+are VBP B-VP
+brand NN B-ADJP
+loyal JJ I-ADJP
+in IN B-PP
+16 CD B-NP
+to TO I-NP
+20 CD I-NP
+of IN B-PP
+the DT B-NP
+categories NNS I-NP
+, , O
+and CC O
+no DT B-NP
+one CD I-NP
+is VBZ B-VP
+loyal JJ B-ADJP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+20 CD I-NP
+types NNS I-NP
+of IN B-PP
+products NNS B-NP
+. . O
+
+For IN B-PP
+such JJ B-NP
+products NNS I-NP
+as IN B-PP
+canned JJ B-NP
+vegetables NNS I-NP
+and CC O
+athletic JJ B-NP
+shoes NNS I-NP
+, , O
+devotion NN B-NP
+to TO B-PP
+a DT B-NP
+single JJ I-NP
+brand NN I-NP
+was VBD B-VP
+quite RB B-ADJP
+low JJ I-ADJP
+, , O
+with IN B-PP
+fewer JJR B-NP
+than IN I-NP
+30 CD I-NP
+% NN I-NP
+saying VBG B-VP
+they PRP B-NP
+usually RB B-ADVP
+buy VBP B-VP
+the DT B-NP
+same JJ I-NP
+brand NN I-NP
+. . O
+
+Only RB B-ADVP
+for IN B-PP
+cigarettes NNS B-NP
+, , I-NP
+mayonnaise NN I-NP
+and CC I-NP
+toothpaste NN I-NP
+did VBD O
+more JJR B-NP
+than IN I-NP
+60 CD I-NP
+% NN I-NP
+of IN B-PP
+users NNS B-NP
+say VBP B-VP
+they PRP B-NP
+typically RB B-ADVP
+stick VBP B-VP
+with IN B-PP
+the DT B-NP
+same JJ I-NP
+brand NN I-NP
+. . O
+
+People NNS B-NP
+tend VBP B-VP
+to TO I-VP
+be VB I-VP
+most RBS B-ADJP
+loyal JJ I-ADJP
+to TO B-PP
+brands NNS B-NP
+that WDT B-NP
+have VBP B-VP
+distinctive JJ B-NP
+flavors NNS I-NP
+, , O
+such JJ B-PP
+as IN I-PP
+cigarettes NNS B-NP
+and CC I-NP
+ketchup NN I-NP
+. . O
+
+Kathie NNP B-NP
+Huff NNP I-NP
+, , O
+a DT B-NP
+respondent NN I-NP
+in IN B-PP
+the DT B-NP
+Journal NNP I-NP
+survey NN I-NP
+from IN B-PP
+Spokane NNP B-NP
+, , O
+Wash. NNP B-NP
+, , O
+says VBZ B-VP
+her PRP$ B-NP
+husband NN I-NP
+is VBZ B-VP
+adamant JJ B-ADJP
+about IN B-PP
+eating VBG B-VP
+only RB O
+Hunt NNP B-NP
+'s POS B-NP
+ketchup NN I-NP
+. . O
+
+He PRP B-NP
+simply RB B-ADVP
+ca MD B-VP
+n't RB I-VP
+stomach VB I-VP
+the DT B-NP
+taste NN I-NP
+of IN B-PP
+Heinz NNP B-NP
+, , O
+she PRP B-NP
+says VBZ B-VP
+. . O
+
+The DT B-NP
+31-year-old JJ I-NP
+homemaker NN I-NP
+adds VBZ B-VP
+, , O
+`` `` O
+The DT B-NP
+only RB I-NP
+other JJ I-NP
+thing NN I-NP
+I PRP B-NP
+'m VBP B-VP
+really RB B-ADJP
+loyal JJ I-ADJP
+to TO B-PP
+is VBZ B-VP
+my PRP$ B-NP
+Virginia NNP I-NP
+Slims NNPS I-NP
+cigarettes NNS I-NP
+. . O
+
+Coke NNP B-NP
+and CC I-NP
+Pepsi NNP I-NP
+are VBP B-VP
+all PDT O
+the DT B-NP
+same JJ I-NP
+to TO B-PP
+me PRP B-NP
+, , O
+and CC O
+I PRP B-NP
+usually RB B-ADVP
+buy VBP B-VP
+whichever WDT B-NP
+brand VBP I-NP
+of IN B-PP
+coffee NN B-NP
+happens VBZ B-VP
+to TO I-VP
+be VB I-VP
+on IN B-PP
+sale NN B-NP
+. . O
+'' '' O
+
+Brand NN B-NP
+imagery NN I-NP
+plays VBZ B-VP
+a DT B-NP
+significant JJ I-NP
+role NN I-NP
+in IN B-PP
+loyalty NN B-NP
+to TO B-PP
+such JJ B-NP
+products NNS I-NP
+as IN B-PP
+cigarettes NNS B-NP
+, , I-NP
+perfume NN I-NP
+and CC I-NP
+beer NN I-NP
+. . O
+
+People NNS B-NP
+often RB B-ADVP
+stay VBP B-VP
+with IN B-PP
+a DT B-NP
+particular JJ I-NP
+brand NN I-NP
+because IN B-SBAR
+they PRP B-NP
+want VBP B-VP
+to TO I-VP
+be VB I-VP
+associated VBN I-VP
+with IN B-PP
+the DT B-NP
+image VB I-NP
+its PRP$ B-NP
+advertising NN I-NP
+conveys VBZ B-VP
+, , O
+whether IN B-SBAR
+that DT B-NP
+'s VBZ B-VP
+macho JJ B-NP
+Marlboro NNP I-NP
+cigarettes NNS I-NP
+or CC O
+Cher NNP B-NP
+'s POS B-NP
+Uninhibited NNP I-NP
+perfume NN I-NP
+. . O
+
+Loyalty NN B-NP
+lags VBZ B-VP
+most RBS B-ADVP
+for IN B-PP
+utilitarian JJ B-NP
+products NNS I-NP
+like IN B-PP
+trash NN B-NP
+bags NNS I-NP
+and CC O
+batteries NNS B-NP
+. . O
+
+Only RB B-NP
+23 CD I-NP
+% NN I-NP
+of IN B-PP
+trash-bag NN B-NP
+users NNS I-NP
+in IN B-PP
+the DT B-NP
+Journal NNP I-NP
+survey NN I-NP
+usually RB B-ADVP
+buy VB B-VP
+the DT B-NP
+same JJ I-NP
+brand NN I-NP
+, , O
+and CC O
+just RB B-NP
+29 CD I-NP
+% NN I-NP
+of IN B-PP
+battery NN B-NP
+buyers NNS I-NP
+stick VBP B-VP
+to TO B-PP
+one CD B-NP
+brand NN I-NP
+. . O
+
+Underwear NN B-NP
+scored VBD B-VP
+a DT B-NP
+middling JJ I-NP
+36 CD I-NP
+% NN I-NP
+in IN B-PP
+brand NN B-NP
+loyalty NN I-NP
+, , O
+but CC O
+consumer NN B-NP
+researchers NNS I-NP
+say VBP B-VP
+that DT B-NP
+'s VBZ B-VP
+actually RB B-ADVP
+quite RB B-ADJP
+high JJ I-ADJP
+for IN B-PP
+such JJ B-NP
+a DT I-NP
+mundane JJ I-NP
+product NN I-NP
+. . O
+
+`` `` O
+In IN B-PP
+the DT B-NP
+past NN I-NP
+, , O
+you PRP B-NP
+just RB B-VP
+wore VBD I-VP
+Fruit NNP B-NP
+of IN B-PP
+the DT B-NP
+Loom NNP I-NP
+and CC O
+did VBD B-VP
+n't RB I-VP
+care VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Peter NNP B-NP
+Kim NNP I-NP
+, , O
+U.S. NNP B-NP
+director NN I-NP
+of IN B-PP
+consumer NN B-NP
+behavior NN I-NP
+research NN I-NP
+for IN B-PP
+the DT B-NP
+J. NNP I-NP
+Walter NNP I-NP
+Thompson NNP I-NP
+ad NN I-NP
+agency NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+high JJ I-NP
+score NN I-NP
+reflects VBZ B-VP
+the DT B-NP
+attempts NNS I-NP
+to TO B-VP
+make VB I-VP
+underwear NN B-NP
+more JJR B-NP
+of IN B-PP
+a DT B-NP
+fashion NN I-NP
+image NN I-NP
+business NN I-NP
+for IN B-PP
+both DT B-NP
+men NNS I-NP
+and CC I-NP
+women NNS I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+believes VBZ B-VP
+there EX B-NP
+'s VBZ B-VP
+opportunity NN B-NP
+for IN B-SBAR
+a DT B-NP
+smart JJ I-NP
+gasoline NN I-NP
+marketer NN I-NP
+to TO B-VP
+create VB I-VP
+a DT B-NP
+strong JJ I-NP
+brand NN I-NP
+image NN I-NP
+and CC O
+more JJR B-NP
+consumer NN I-NP
+loyalty NN I-NP
+. . O
+
+What WP B-NP
+loyalty NN I-NP
+there EX B-NP
+is VBZ B-VP
+to TO B-PP
+gas VB B-NP
+brands NNS I-NP
+, , O
+he PRP B-NP
+believes VBZ B-VP
+, , O
+is VBZ B-VP
+a DT B-NP
+matter NN I-NP
+of IN B-PP
+stopping VBG B-VP
+at IN B-PP
+the DT O
+most RBS B-ADVP
+conveniently RB I-ADVP
+located VBN B-NP
+service NN I-NP
+stations NNS I-NP
+. . O
+
+Brand NN B-NP
+loyalty NN I-NP
+was VBD B-VP
+stronger JJR B-ADJP
+among IN B-PP
+older JJR B-NP
+consumers NNS I-NP
+in IN B-PP
+the DT B-NP
+Journal NNP I-NP
+survey NN I-NP
+. . O
+
+Nearly RB B-NP
+one-fourth NN I-NP
+of IN B-PP
+participants NNS B-NP
+age VBP B-NP
+60 CD I-NP
+and CC O
+older JJR B-ADJP
+claim NN B-VP
+brand NN B-NP
+loyalty NN I-NP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+10 CD I-NP
+of IN B-PP
+the DT B-NP
+25 CD I-NP
+products NNS I-NP
+in IN B-PP
+the DT B-NP
+survey NN I-NP
+; : O
+only RB B-NP
+9 CD I-NP
+% NN I-NP
+of IN B-PP
+those DT B-NP
+age NN B-NP
+18 CD B-NP
+to TO I-NP
+29 CD I-NP
+have VBP B-VP
+such JJ B-NP
+strong JJ I-NP
+allegiance NN I-NP
+. . O
+
+Higher-income JJR B-NP
+people NNS I-NP
+also RB B-ADVP
+tend VBP B-VP
+to TO I-VP
+be VB I-VP
+more JJR B-NP
+brand NN I-NP
+loyal JJ I-NP
+these DT B-NP
+days NNS I-NP
+, , O
+the DT B-NP
+Journal NNP I-NP
+survey NN I-NP
+and CC O
+other JJ B-NP
+research NN I-NP
+studies NNS I-NP
+indicate VBP B-VP
+. . O
+
+Marketers NNS B-NP
+speculate VBP B-VP
+that IN B-SBAR
+more RBR B-NP
+affluent JJ I-NP
+people NNS I-NP
+tend VBP B-VP
+to TO I-VP
+lead VB I-VP
+more RBR B-NP
+pressured VBN I-NP
+lives NNS I-NP
+and CC O
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+time NN B-NP
+to TO B-VP
+research VB I-VP
+the DT B-NP
+products NNS I-NP
+they PRP B-NP
+buy VBP B-VP
+for IN B-PP
+the DT B-NP
+highest JJS I-NP
+quality NN I-NP
+and CC I-NP
+most RBS I-NP
+reasonable JJ I-NP
+price NN I-NP
+. . O
+
+An DT B-NP
+established VBN I-NP
+brand NN I-NP
+name NN I-NP
+is VBZ B-VP
+insurance NN B-NP
+that IN B-SBAR
+at IN B-ADVP
+least JJS I-ADVP
+the DT B-NP
+product NN I-NP
+will MD B-VP
+be VB I-VP
+of IN B-PP
+acceptable JJ B-NP
+quality NN I-NP
+, , O
+if IN B-CONJP
+not RB I-CONJP
+always RB B-NP
+the DT I-NP
+best JJS I-NP
+value NN I-NP
+for IN B-PP
+the DT B-NP
+money NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+sort NN B-ADVP
+of IN I-ADVP
+loyalty NN B-NP
+by IN B-PP
+default NN B-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+`` `` O
+the DT B-NP
+bottom NN I-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+is VBZ B-VP
+becoming VBG I-VP
+less RBR B-ADJP
+loyal JJ I-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+Laurel NNP B-NP
+Cutler NNP I-NP
+, , O
+vice NN B-NP
+chairman NN I-NP
+of IN B-PP
+the DT B-NP
+ad NN I-NP
+agency NN I-NP
+FCB\/Leber NNP B-NP
+Katz NNP I-NP
+Partners NNPS I-NP
+. . O
+
+`` `` O
+They PRP B-NP
+'re VBP B-VP
+buying VBG I-VP
+whatever WDT B-NP
+'s POS B-VP
+cheaper JJR B-ADJP
+. . O
+'' '' O
+
+The DT B-NP
+biggest JJS I-NP
+wild JJ I-NP
+card NN I-NP
+in IN B-PP
+the DT B-NP
+brand NN I-NP
+loyalty NN I-NP
+game NN I-NP
+: : O
+How WRB B-ADVP
+those DT B-NP
+hotly RB I-NP
+pursued VBN I-NP
+but CC I-NP
+highly RB I-NP
+unpredictable JJ I-NP
+baby NN I-NP
+boomers NNS I-NP
+will MD B-VP
+behave VB I-VP
+as IN B-SBAR
+they PRP B-NP
+move VBP B-VP
+into IN B-PP
+middle NN B-NP
+age NN I-NP
+. . O
+
+They PRP B-NP
+grew VBD B-VP
+up IN B-ADVP
+with IN B-PP
+more JJR B-NP
+brand NN I-NP
+choices NNS I-NP
+than IN B-PP
+any DT B-NP
+generation NN I-NP
+and CC O
+have VBP B-VP
+shown VBN I-VP
+less JJR B-NP
+allegiance NN I-NP
+so RB B-ADVP
+far RB I-ADVP
+. . O
+
+But CC O
+now RB B-SBAR
+that IN I-SBAR
+they PRP B-NP
+'re VBP B-VP
+settling VBG I-VP
+down RB B-ADVP
+and CC O
+raising VBG B-VP
+families NNS B-NP
+, , O
+might MD O
+they PRP B-NP
+also RB B-ADVP
+show VB B-VP
+more JJR B-NP
+stability NN I-NP
+in IN B-PP
+their PRP$ B-NP
+brand NN I-NP
+choices NNS I-NP
+? . O
+
+Mr. NNP B-NP
+Kim NNP I-NP
+of IN B-PP
+J. NNP B-NP
+Walter NNP I-NP
+Thompson NNP I-NP
+does VBZ B-VP
+n't RB I-VP
+think VB I-VP
+so RB B-ADVP
+. . O
+
+He PRP B-NP
+believes VBZ B-VP
+baby NN B-NP
+boomers NNS I-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+be VB I-VP
+selective JJ B-ADJP
+in IN B-PP
+their PRP$ B-NP
+brand NN I-NP
+loyalties NNS I-NP
+. . O
+
+`` `` O
+Earlier JJR B-NP
+generations NNS I-NP
+were VBD B-VP
+brand NN B-ADJP
+loyal JJ I-ADJP
+across IN B-PP
+categories NNS B-NP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+, , O
+`` `` O
+but CC O
+boomers NNS B-NP
+tend VBP B-VP
+to TO I-VP
+be VB I-VP
+brand NN B-ADJP
+loyal JJ I-ADJP
+in IN B-PP
+categories NNS B-NP
+like IN B-PP
+running VBG B-NP
+shoes NNS I-NP
+and CC O
+bottled JJ B-NP
+water NN I-NP
+, , O
+but CC O
+less RBR B-ADJP
+so RB I-ADJP
+in IN B-PP
+others NNS B-NP
+like IN B-PP
+toilet NN B-NP
+paper NN I-NP
+and CC O
+appliances NNS B-NP
+. . O
+'' '' O
+
+While IN B-SBAR
+not RB O
+as IN B-ADJP
+brand NN I-ADJP
+loyal JJ I-ADJP
+as IN B-PP
+in IN B-PP
+the DT B-NP
+past NN I-NP
+, , O
+consumers NNS B-NP
+today NN B-ADVP
+do VBP B-VP
+n't RB I-VP
+buy VB I-VP
+products NNS B-NP
+capriciously RB B-ADVP
+, , O
+either RB B-ADVP
+. . O
+
+Rather RB B-ADVP
+, , O
+they PRP B-NP
+tend VBP B-VP
+to TO I-VP
+have VB I-VP
+a DT B-NP
+set NN I-NP
+of IN B-PP
+two CD B-NP
+or CC I-NP
+three CD I-NP
+favorites NNS I-NP
+. . O
+
+Sometimes RB B-ADVP
+, , O
+they PRP B-NP
+'ll MD B-VP
+choose VB I-VP
+Ragu NNP B-NP
+spaghetti NNS I-NP
+sauce NN I-NP
+; : O
+other JJ B-NP
+times NNS I-NP
+, , O
+it PRP B-NP
+will MD B-VP
+be VB I-VP
+Prego NNP B-NP
+. . O
+
+Advertisers NNS B-NP
+attribute VBP B-VP
+this DT B-NP
+shared VBN I-NP
+loyalty NN I-NP
+to TO B-PP
+the DT B-NP
+striking JJ I-NP
+similarity NN I-NP
+among IN B-PP
+brands NNS B-NP
+. . O
+
+If IN B-SBAR
+a DT B-NP
+more RBR I-NP
+absorbent JJ I-NP
+Pampers NNPS I-NP
+hits VBZ B-VP
+the DT B-NP
+market NN I-NP
+, , O
+you PRP B-NP
+can MD B-VP
+be VB I-VP
+sure JJ B-ADJP
+a DT B-NP
+new JJ I-NP
+and CC I-NP
+improved VBN I-NP
+Huggies NNPS I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+far RB B-ADVP
+behind RB I-ADVP
+. . O
+
+The DT B-NP
+BBDO NNP I-NP
+Worldwide NNP I-NP
+ad NN I-NP
+agency NN I-NP
+studied VBN B-VP
+`` `` O
+brand NN B-NP
+parity NN I-NP
+'' '' O
+and CC O
+found VBD B-VP
+that IN B-SBAR
+consumers NNS B-NP
+believe VBP B-VP
+all DT B-NP
+brands NNS I-NP
+are VBP B-VP
+about IN B-NP
+the DT I-NP
+same JJ I-NP
+in IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+categories NNS B-NP
+, , O
+particularly RB B-ADVP
+credit VBP B-NP
+cards NNS I-NP
+, , O
+paper NN B-NP
+towels NNS I-NP
+, , O
+dry JJ B-NP
+soups NNS I-NP
+and CC O
+snack NN B-NP
+chips NNS I-NP
+. . O
+
+`` `` O
+When WRB B-ADVP
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+clutter NN I-NP
+of IN B-PP
+brands NNS B-NP
+, , O
+consumers NNS B-NP
+simplify VBP B-VP
+the DT B-NP
+complexity NN I-NP
+by IN B-PP
+telling VBG B-VP
+themselves PRP B-NP
+, , O
+` `` O
+All DT B-NP
+brands NNS I-NP
+are VBP B-VP
+the DT B-NP
+same JJ I-NP
+so RB O
+what WP B-NP
+difference NN I-NP
+does VBZ O
+it PRP B-NP
+make VBP B-VP
+which WDT B-NP
+I PRP B-NP
+buy VBP B-VP
+, , O
+' '' O
+'' '' O
+says VBZ B-VP
+Karen NNP B-NP
+Olshan NNP I-NP
+, , O
+a DT B-NP
+senior JJ I-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+BBDO NNP B-NP
+. . O
+
+`` `` O
+Too RB B-ADVP
+often RB I-ADVP
+, , O
+advertising NN B-NP
+imagery NN I-NP
+has VBZ B-VP
+n't RB I-VP
+done VBN I-VP
+a DT B-NP
+good JJ I-NP
+job NN I-NP
+of IN B-PP
+forging VBG B-VP
+a DT B-NP
+special JJ I-NP
+emotional JJ I-NP
+bond NN I-NP
+between IN B-PP
+a DT B-NP
+brand NN I-NP
+and CC O
+the DT B-NP
+consumer NN I-NP
+. . O
+'' '' O
+
+But CC O
+given VBN B-PP
+such JJ B-NP
+strong JJ I-NP
+brand NN I-NP
+disloyalty NN I-NP
+, , O
+some DT B-NP
+marketers NNS I-NP
+are VBP B-VP
+putting VBG I-VP
+renewed VBN B-NP
+emphasis NN I-NP
+on IN B-PP
+image NN B-NP
+advertising NN I-NP
+. . O
+
+A DT B-NP
+small JJ I-NP
+but CC I-NP
+growing VBG I-NP
+number NN I-NP
+of IN B-PP
+companies NNS B-NP
+are VBP B-VP
+also RB I-VP
+trying VBG I-VP
+to TO I-VP
+instill VB I-VP
+more RBR B-NP
+fervent JJ I-NP
+brand NN I-NP
+loyalty NN I-NP
+through IN B-PP
+such JJ B-NP
+personalized VBN I-NP
+direct-marketing NN I-NP
+ploys NNS I-NP
+as IN B-PP
+catalogs NNS B-NP
+, , O
+magazines NNS B-NP
+and CC O
+membership NN B-NP
+clubs NNS I-NP
+for IN B-PP
+brand NN B-NP
+users NNS I-NP
+. . O
+
+While IN B-SBAR
+discount NN B-NP
+promotions NNS I-NP
+are VBP B-VP
+essential JJ B-ADJP
+for IN B-PP
+most RBS B-NP
+brands NNS I-NP
+, , O
+some DT B-NP
+companies NNS I-NP
+concede VBP B-VP
+they PRP B-NP
+went VBD B-VP
+overboard RB B-ADVP
+in IN B-PP
+shifting VBG B-VP
+money NN B-NP
+from IN B-PP
+advertising NN B-NP
+to TO B-PP
+coupons NNS B-NP
+, , O
+refunds NNS B-NP
+and CC O
+other JJ B-NP
+sales NNS I-NP
+incentives NNS I-NP
+. . O
+
+Some DT B-NP
+people NNS I-NP
+argue VBP B-VP
+that IN B-SBAR
+strong JJ B-NP
+brands NNS I-NP
+can MD B-VP
+afford VB I-VP
+to TO I-VP
+stop VB I-VP
+advertising NN I-VP
+for IN B-PP
+a DT B-NP
+time NN I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+residual JJ I-NP
+impact NN I-NP
+of IN B-PP
+hundreds NNS B-NP
+of IN B-PP
+millions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+spent VBD B-VP
+on IN B-PP
+advertising NN B-NP
+through IN B-PP
+the DT B-NP
+years NNS I-NP
+. . O
+
+But CC O
+most RBS B-NP
+companies NNS I-NP
+are VBP B-VP
+too RB B-ADJP
+afraid JJ I-ADJP
+to TO B-VP
+take VB I-VP
+that DT B-NP
+chance NN I-NP
+. . O
+
+And CC O
+perhaps RB B-ADVP
+with IN B-PP
+good JJ B-NP
+reason NN I-NP
+. . O
+
+Says VBZ B-VP
+Clayt NNP B-NP
+Wilhite NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+the DT B-NP
+D'Arcy NNP I-NP
+Masius NNP I-NP
+ad NN I-NP
+agency NN I-NP
+'s POS B-NP
+U.S. NNP I-NP
+division NN I-NP
+, , O
+`` `` O
+Every DT B-NP
+time NN I-NP
+24 CD B-NP
+hours NNS I-NP
+pass VBP B-VP
+without IN B-PP
+any DT B-NP
+advertising NN I-NP
+reinforcement NN I-NP
+, , O
+brand NN B-NP
+loyalty NN I-NP
+will MD B-VP
+diminish VB I-VP
+ever RB B-ADVP
+so RB I-ADVP
+slightly RB I-ADVP
+-- : O
+even RB B-ADVP
+for IN B-PP
+a DT B-NP
+powerful JJ I-NP
+brand NN I-NP
+like IN B-PP
+Budweiser NNP B-NP
+. . O
+'' '' O
+
+Consider VB B-VP
+, , O
+for IN B-PP
+example NN B-NP
+, , O
+what WP B-NP
+happened VBD B-VP
+to TO B-PP
+Maxwell NNP B-NP
+House NNP I-NP
+coffee NN I-NP
+. . O
+
+The DT B-NP
+Kraft NNP I-NP
+General NNP I-NP
+Foods NNPS I-NP
+brand NN I-NP
+stopped VBD B-VP
+advertising NN I-VP
+for IN B-PP
+about IN B-NP
+a DT I-NP
+year NN I-NP
+in IN B-PP
+1987 CD B-NP
+and CC O
+gave VBD B-VP
+up IN B-PRT
+several JJ B-NP
+market NN I-NP
+share NN I-NP
+points NNS I-NP
+and CC O
+its PRP$ B-NP
+leadership NN I-NP
+position NN I-NP
+in IN B-PP
+the DT B-NP
+coffee NN I-NP
+business NN I-NP
+. . O
+
+But CC O
+since IN B-PP
+returning VBG B-VP
+to TO B-PP
+advertising NN B-NP
+, , O
+Maxwell NNP B-NP
+House NNP I-NP
+has VBZ B-VP
+regained VBN I-VP
+the DT B-NP
+lost VBN I-NP
+share NN I-NP
+and CC O
+is VBZ B-VP
+running VBG I-VP
+neck NN B-ADVP
+and CC I-ADVP
+neck NN I-ADVP
+with IN B-PP
+archrival JJ B-NP
+Folgers NNP I-NP
+. . O
+
+`` `` O
+Now RB B-ADVP
+, , O
+Philip NNP B-NP
+Morris NNP I-NP
+-LCB- ( O
+Kraft NNP B-NP
+General NNP I-NP
+Foods NNPS I-NP
+' POS B-NP
+parent NN I-NP
+company NN I-NP
+-RCB- ) O
+is VBZ B-VP
+committed VBN B-ADJP
+to TO B-PP
+the DT B-NP
+coffee NN I-NP
+business NN I-NP
+and CC B-PP
+to TO B-PP
+increased VB B-NP
+advertising NN I-NP
+for IN B-PP
+Maxwell NNP B-NP
+House NNP I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Dick NNP B-NP
+Mayer NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+the DT B-NP
+General NNP I-NP
+Foods NNP I-NP
+USA NNP I-NP
+division NN I-NP
+. . O
+
+`` `` O
+Even RB B-SBAR
+though IN I-SBAR
+brand NN B-NP
+loyalty NN I-NP
+is VBZ B-VP
+rather RB B-ADJP
+strong JJ I-ADJP
+for IN B-PP
+coffee NN B-NP
+, , O
+we PRP B-NP
+need VBP B-VP
+advertising VBG B-NP
+to TO B-VP
+maintain VB I-VP
+and CC I-VP
+strengthen VB I-VP
+it PRP B-NP
+. . O
+'' '' O
+
+Campbell NNP B-NP
+Soup NNP I-NP
+Co. NNP I-NP
+, , O
+for IN B-PP
+one CD B-NP
+, , O
+has VBZ B-VP
+concluded VBN I-VP
+that IN B-SBAR
+it PRP B-NP
+makes VBZ B-VP
+good JJ B-NP
+sense NN I-NP
+to TO B-VP
+focus VB I-VP
+more JJR B-ADVP
+on IN B-PP
+its PRP$ B-NP
+most RBS I-NP
+loyal JJ I-NP
+customers NNS I-NP
+than IN B-PP
+on IN B-PP
+people NNS B-NP
+who WP B-NP
+buy VBP B-VP
+competitive JJ B-NP
+brands NNS I-NP
+. . O
+
+`` `` O
+The DT B-NP
+probability NN I-NP
+of IN B-PP
+converting VBG B-VP
+a DT B-NP
+non-user NN I-NP
+to TO B-PP
+your PRP$ B-NP
+brand NN I-NP
+is VBZ B-VP
+about IN B-NP
+three CD I-NP
+in IN B-PP
+1,000 CD B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Tony NNP B-NP
+Adams NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+vice NN I-NP
+president NN I-NP
+for IN B-PP
+marketing NN B-NP
+research NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+best JJS I-NP
+odds NNS I-NP
+are VBP B-VP
+with IN B-PP
+your PRP$ B-NP
+core NN I-NP
+franchise NN I-NP
+. . O
+
+Our PRP$ B-NP
+heavy JJ I-NP
+users NNS I-NP
+consume VBP B-VP
+two CD B-NP
+to TO I-NP
+three CD I-NP
+cans NNS I-NP
+of IN B-PP
+soup NN B-NP
+a DT B-NP
+week NN I-NP
+, , O
+and CC O
+we PRP B-NP
+'d MD B-VP
+like VB I-VP
+to TO I-VP
+increase VB I-VP
+that DT B-NP
+. . O
+'' '' O
+
+So RB O
+Campbell NNP B-NP
+is VBZ B-VP
+talking VBG I-VP
+to TO B-PP
+its PRP$ B-NP
+`` `` I-NP
+brand NN I-NP
+enthusiasts NNS I-NP
+, , O
+'' '' O
+probing VBG B-VP
+their PRP$ B-NP
+psychological JJ I-NP
+attachment NN I-NP
+to TO B-PP
+its PRP$ B-NP
+soup NN I-NP
+. . O
+
+In IN B-PP
+one CD B-NP
+consumer NN I-NP
+focus NN I-NP
+group NN I-NP
+, , O
+a DT B-NP
+fan NN I-NP
+declared VBD B-VP
+that IN B-SBAR
+, , O
+`` `` O
+Campbell NNP B-NP
+'s POS B-NP
+soup NN I-NP
+is VBZ B-VP
+like IN B-PP
+getting VBG B-VP
+a DT B-NP
+hug NN I-NP
+from IN B-PP
+a DT B-NP
+friend NN I-NP
+. . O
+'' '' O
+
+That DT B-NP
+helped VBD B-VP
+persuade VB I-VP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+introduce VB I-VP
+a DT B-NP
+new JJ I-NP
+advertising NN I-NP
+slogan NN I-NP
+: : O
+`` `` O
+A DT B-NP
+warm JJ I-NP
+hug NN I-NP
+from IN B-PP
+Campbell NNP B-NP
+'s POS B-NP
+. . O
+'' '' O
+
+Insurers NNS B-NP
+face VBP B-VP
+the DT B-NP
+prospect NN I-NP
+of IN B-PP
+paying VBG B-VP
+out RP B-PRT
+billions NNS B-NP
+of IN B-PP
+dollars NNS B-NP
+for IN B-PP
+damages NNS B-NP
+caused VBN B-VP
+by IN B-PP
+this DT B-NP
+week NN I-NP
+'s POS B-NP
+California NNP I-NP
+earthquake NN I-NP
+. . O
+
+Getting VBG B-VP
+a DT B-NP
+grip NN I-NP
+on IN B-PP
+the DT B-NP
+extent NN I-NP
+of IN B-PP
+the DT B-NP
+damages NNS I-NP
+is VBZ B-VP
+proving VBG I-VP
+a DT O
+far RB B-ADVP
+more RBR I-ADVP
+difficult JJ B-NP
+task NN I-NP
+than IN B-PP
+what WP B-NP
+insurers NNS B-NP
+faced VBN B-VP
+after IN B-SBAR
+Hurricane NNP B-NP
+Hugo NNP I-NP
+ripped VBD B-VP
+through IN B-PP
+the DT B-NP
+Caribbean NNP I-NP
+and CC O
+the DT B-NP
+Carolinas NNPS I-NP
+last JJ B-NP
+month NN I-NP
+. . O
+
+The DT B-NP
+earthquake NN I-NP
+'s POS B-NP
+toll NN I-NP
+, , O
+including VBG B-PP
+possible JJ B-NP
+deep JJ I-NP
+structural JJ I-NP
+damage NN I-NP
+, , O
+goes VBZ B-VP
+far RB B-ADVP
+beyond IN B-PP
+the DT O
+more RBR B-ADVP
+easily RB I-ADVP
+observed VBN B-NP
+damage NN I-NP
+from IN B-PP
+a DT B-NP
+hurricane NN I-NP
+, , O
+says VBZ B-VP
+George NNP B-NP
+Reider NNP I-NP
+, , O
+a DT B-NP
+vice NN I-NP
+president NN I-NP
+in IN B-PP
+Aetna NNP B-NP
+Life NNP I-NP
+& CC I-NP
+Casualty NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+'s POS B-NP
+claims NNS I-NP
+division NN I-NP
+. . O
+
+But CC O
+investors NNS B-NP
+are VBP B-VP
+betting VBG I-VP
+that IN B-SBAR
+the DT B-NP
+financial JJ I-NP
+and CC I-NP
+psychological JJ I-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+, , O
+coming VBG B-VP
+so RB B-ADVP
+soon RB I-ADVP
+after IN B-PP
+the DT B-NP
+hurricane NN I-NP
+, , O
+will MD B-VP
+help VB I-VP
+stem VB I-VP
+more JJR B-NP
+than IN I-NP
+two CD I-NP
+years NNS I-NP
+of IN B-PP
+intense JJ B-NP
+price-cutting NN I-NP
+wars NNS I-NP
+among IN B-PP
+business NN B-NP
+insurers NNS I-NP
+. . O
+
+Reflecting VBG B-VP
+that DT B-NP
+logic NN I-NP
+, , O
+insurance-company NN B-NP
+stocks NNS I-NP
+posted VBD B-VP
+strong JJ B-NP
+gains NNS I-NP
+. . O
+
+Aetna NNP B-NP
+and CC O
+other JJ B-NP
+insurers NNS I-NP
+are VBP B-VP
+hiring VBG I-VP
+engineers NNS B-NP
+and CC I-NP
+architects NNS I-NP
+to TO B-VP
+help VB I-VP
+them PRP B-NP
+assess VB B-VP
+structural JJ B-NP
+damage NN I-NP
+. . O
+
+Most JJS B-NP
+insurers NNS I-NP
+already RB B-ADVP
+have VBP B-VP
+mobilized VBN I-VP
+their PRP$ B-NP
+`` `` I-NP
+catastrophe NN I-NP
+'' '' I-NP
+teams NNS I-NP
+to TO B-VP
+begin VB I-VP
+processing NN I-VP
+claims NNS B-NP
+from IN B-PP
+their PRP$ B-NP
+policyholders NNS I-NP
+in IN B-PP
+northern JJ B-NP
+California NNP I-NP
+. . O
+
+Since IN B-SBAR
+commercial JJ B-NP
+air NN I-NP
+travel NN I-NP
+is VBZ B-VP
+interrupted VBN I-VP
+, , O
+Aetna NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Hartford NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+chartered JJ B-VP
+three CD B-NP
+planes NNS I-NP
+to TO B-VP
+fly VB I-VP
+claims NNS B-NP
+adjusters NNS I-NP
+into IN B-PP
+Sacramento NNP B-NP
+and CC O
+then RB O
+planned VBN B-VP
+for IN B-SBAR
+them PRP B-NP
+to TO B-VP
+drive VB I-VP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+. . O
+
+About IN B-NP
+25 CD I-NP
+adjusters NNS I-NP
+were VBD B-VP
+dispatched VBN I-VP
+yesterday NN B-NP
+afternoon NN I-NP
+, , O
+along IN B-PP
+with IN B-PP
+laptop NN B-NP
+computers NNS I-NP
+, , O
+cellular JJ B-NP
+phones NNS I-NP
+and CC O
+blank JJ B-NP
+checks NNS I-NP
+. . O
+
+Some DT B-NP
+adjusters NNS I-NP
+, , O
+already RB B-ADVP
+in IN B-PP
+other JJ B-NP
+parts NNS I-NP
+of IN B-PP
+California NNP B-NP
+, , O
+drove VBD B-VP
+to TO B-PP
+the DT B-NP
+disaster NN I-NP
+area NN I-NP
+with IN B-PP
+recreational JJ B-NP
+vehicles NNS I-NP
+and CC O
+mobile JJ B-NP
+homes NNS I-NP
+that WDT B-NP
+could MD B-VP
+be VB I-VP
+used VBN I-VP
+as IN B-PP
+makeshift JJ B-NP
+claims-processing NN I-NP
+centers NNS I-NP
+. . O
+
+Insurers NNS B-NP
+will MD B-VP
+be VB I-VP
+advertising NN I-VP
+800 CD B-NP
+numbers NNS I-NP
+-- : O
+probably RB B-ADVP
+on IN B-PP
+the DT B-NP
+radio NN I-NP
+-- : O
+that IN B-NP
+policyholders NNS B-NP
+can MD B-VP
+call VB I-VP
+to TO B-VP
+get VB I-VP
+assistance NN B-NP
+on IN B-PP
+how WRB B-ADVP
+to TO B-VP
+submit VB I-VP
+claims NNS B-NP
+. . O
+
+State NNP B-NP
+Farm NNP I-NP
+Mutual NNP I-NP
+Automobile NNP I-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+largest JJS I-NP
+home NN I-NP
+and CC I-NP
+auto NN I-NP
+insurer NN I-NP
+in IN B-PP
+California NNP B-NP
+, , O
+believes VBZ B-VP
+the DT B-NP
+losses NNS I-NP
+from IN B-PP
+the DT B-NP
+earthquake NN I-NP
+could MD B-VP
+be VB I-VP
+somewhat RB B-ADJP
+less JJR I-ADJP
+than IN B-PP
+the DT B-NP
+$ $ I-NP
+475 CD I-NP
+million CD I-NP
+in IN B-PP
+damages NNS B-NP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+pay VB I-VP
+out RP B-PRT
+for IN B-PP
+claims NNS B-NP
+resulting VBG B-VP
+from IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+. . O
+
+State NNP B-NP
+Farm NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Bloomington NNP B-NP
+, , O
+Ind. NNP B-NP
+, , O
+is VBZ B-VP
+also RB B-ADVP
+the DT B-NP
+largest JJS I-NP
+writer NN I-NP
+of IN B-PP
+personal-property NN B-NP
+earthquake NN I-NP
+insurance NN I-NP
+in IN B-PP
+California NNP B-NP
+. . O
+
+Earthquake NN B-NP
+insurance NN I-NP
+is VBZ B-VP
+sold VBN I-VP
+as IN B-PP
+a DT B-NP
+separate JJ I-NP
+policy NN I-NP
+or CC O
+a DT B-NP
+specific JJ I-NP
+endorsement NN I-NP
+`` `` I-NP
+rider NN I-NP
+'' '' O
+on IN B-PP
+a DT B-NP
+homeowner NN I-NP
+'s POS B-NP
+policy NN I-NP
+in IN B-PP
+California NNP B-NP
+, , O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+area NN I-NP
+'s POS B-NP
+vulnerability NN I-NP
+to TO B-PP
+earthquakes NNS B-NP
+. . O
+
+State NNP B-NP
+Farm NNP I-NP
+said VBD B-VP
+about IN B-NP
+25 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+policyholders NNS I-NP
+in IN B-PP
+California NNP B-NP
+have VBP B-VP
+also RB I-VP
+purchased VBN I-VP
+earthquake NN B-NP
+insurance NN I-NP
+. . O
+
+Allstate NNP B-NP
+Insurance NNP I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Sears NNP B-NP
+, , I-NP
+Roebuck NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+said VBD B-VP
+about IN B-NP
+23 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+personal JJ I-NP
+property NN I-NP
+policyholders NNS I-NP
+-- : O
+about IN B-NP
+28 CD I-NP
+% NN I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Franciso NNP I-NP
+area NN I-NP
+-- : O
+also RB B-ADVP
+have VBP B-VP
+earthquake NN B-NP
+coverage NN I-NP
+. . O
+
+The DT B-NP
+Association NNP I-NP
+of IN B-PP
+California NNP B-NP
+Insurance NNP I-NP
+Companies NNS I-NP
+estimated VBD B-VP
+damage NN B-NP
+to TO B-PP
+residential JJ B-NP
+property NN I-NP
+could MD B-VP
+total VB I-VP
+$ $ B-NP
+500 CD I-NP
+million CD I-NP
+, , O
+but CC O
+only RB B-NP
+$ $ I-NP
+100 CD I-NP
+million CD I-NP
+to TO I-NP
+$ $ I-NP
+150 CD I-NP
+million CD I-NP
+is VBZ B-VP
+insured VBN I-VP
+, , O
+it PRP B-NP
+said VBD B-VP
+. . O
+
+Officials NNS B-NP
+from IN B-PP
+the DT B-NP
+American NNP I-NP
+Insurance NNP I-NP
+Association NNP I-NP
+'s POS B-NP
+property-claim NN I-NP
+service NN I-NP
+division NN I-NP
+, , O
+which WDT B-NP
+coordinates VBZ B-VP
+the DT B-NP
+efforts NNS I-NP
+of IN B-PP
+the DT B-NP
+claims NNS I-NP
+adjusters NNS I-NP
+in IN B-PP
+an DT B-NP
+area NN I-NP
+after IN B-PP
+a DT B-NP
+natural JJ I-NP
+disaster NN I-NP
+, , O
+will MD B-VP
+be VB I-VP
+flying VBG I-VP
+to TO B-PP
+San NNP B-NP
+Francisco NNP I-NP
+today NN B-NP
+. . O
+
+They PRP B-NP
+expect VBP B-VP
+to TO I-VP
+have VB I-VP
+a DT B-NP
+preliminary JJ I-NP
+estimate NN I-NP
+of IN B-PP
+the DT B-NP
+damages NNS I-NP
+in IN B-PP
+a DT B-NP
+day NN I-NP
+or CC I-NP
+two CD I-NP
+. . O
+
+Roads NNP B-NP
+and CC I-NP
+bridges NNS I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+appear VB B-VP
+to TO I-VP
+have VB I-VP
+suffered VBN I-VP
+some DT B-NP
+of IN B-PP
+the DT B-NP
+most RBS I-NP
+costly JJ I-NP
+damage NN I-NP
+. . O
+
+Highways NNS B-NP
+, , O
+such JJ B-PP
+as IN I-PP
+the DT B-NP
+section NN I-NP
+of IN B-PP
+Interstate NNP B-NP
+880 CD I-NP
+that WDT B-NP
+collapsed VBD B-VP
+in IN B-PP
+Oakland NNP B-NP
+, , O
+generally RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+have VB I-VP
+insurance NN B-NP
+coverage NN I-NP
+. . O
+
+Industry NN B-NP
+officials NNS I-NP
+say VBP B-VP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+-- : O
+unlike IN B-PP
+some DT B-NP
+bridges NNS I-NP
+-- : O
+has VBZ B-VP
+no DT B-NP
+earthquake NN I-NP
+coverage NN I-NP
+, , O
+either DT B-ADVP
+, , O
+so RB O
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+repairing VBG B-VP
+it PRP B-NP
+probably RB B-ADVP
+would MD B-VP
+have VB I-VP
+to TO I-VP
+be VB I-VP
+paid VBN I-VP
+out IN B-PP
+of IN B-PP
+state NN B-NP
+general JJ I-NP
+operating NN I-NP
+funds NNS I-NP
+. . O
+
+However RB B-ADVP
+, , O
+the DT B-NP
+bridge NN I-NP
+, , O
+which WDT B-NP
+charges VBZ B-VP
+a DT B-NP
+$ $ I-NP
+1 CD I-NP
+toll NN I-NP
+each DT B-NP
+way NN I-NP
+, , O
+does VBZ B-VP
+have VBP I-VP
+`` `` O
+loss NN O
+of IN B-PP
+income NN B-NP
+'' '' B-NP
+insurance NN I-NP
+to TO B-VP
+replace VB I-VP
+lost VBD B-NP
+revenue NN I-NP
+if IN B-SBAR
+the DT B-NP
+operation NN I-NP
+of IN B-PP
+the DT B-NP
+bridge NN I-NP
+is VBZ B-VP
+interrupted VBN B-ADJP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+seven CD I-NP
+days NNS I-NP
+. . O
+
+That DT B-NP
+coverage NN I-NP
+is VBZ B-VP
+provided VBN I-VP
+by IN B-PP
+a DT B-NP
+syndicate NN I-NP
+of IN B-PP
+insurance NN B-NP
+companies NNS I-NP
+including VBG B-PP
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+Corp. NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Novato NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+and CC O
+Cigna NNP B-NP
+Corp. NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Philadelphia NNP B-NP
+. . O
+
+Earthquake-related JJ B-NP
+claims NNS I-NP
+are VBP B-VP
+n't RB I-VP
+expected VBN I-VP
+to TO I-VP
+cause VB I-VP
+significant JJ B-NP
+financial JJ I-NP
+problems NNS I-NP
+for IN B-PP
+the DT B-NP
+insurance NN I-NP
+industry NN I-NP
+as IN B-PP
+a DT B-NP
+whole NN I-NP
+. . O
+
+Instead RB B-ADVP
+, , O
+even RB B-ADVP
+with IN B-PP
+the DT B-NP
+liabilities NNS I-NP
+of IN B-PP
+two CD B-NP
+natural JJ I-NP
+disasters NNS I-NP
+in IN B-PP
+recent JJ B-NP
+weeks NNS I-NP
+, , O
+analysts NNS B-NP
+said VBD B-VP
+the DT B-NP
+total JJ I-NP
+capital NN I-NP
+of IN B-PP
+the DT B-NP
+industry NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+higher JJR B-ADJP
+at IN B-PP
+year NN B-NP
+end NN I-NP
+than IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+at IN B-PP
+midyear NN B-NP
+. . O
+
+Indeed RB B-ADVP
+, , O
+the DT B-NP
+earthquake NN I-NP
+could MD B-VP
+contribute VB I-VP
+to TO B-PP
+a DT B-NP
+turnaround NN I-NP
+in IN B-PP
+the DT B-NP
+insurance NN I-NP
+cycle NN I-NP
+in IN B-PP
+a DT B-NP
+couple NN I-NP
+of IN B-PP
+ways NNS B-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+insurers NNS B-NP
+may MD B-VP
+seek VB I-VP
+to TO I-VP
+limit VB I-VP
+their PRP$ B-NP
+future NN I-NP
+exposure NN I-NP
+to TO B-PP
+catastrophes NNS B-NP
+by IN B-PP
+increasing VBG B-VP
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+reinsurance NN B-NP
+they PRP B-NP
+buy VBP B-VP
+. . O
+
+Such JJ B-NP
+increased VBN I-NP
+demand NN I-NP
+for IN B-PP
+reinsurance NN B-NP
+, , O
+along IN B-PP
+with IN B-PP
+the DT B-NP
+losses NNS I-NP
+the DT B-NP
+reinsurers NNS I-NP
+will MD B-VP
+bear VB I-VP
+from IN B-PP
+these DT B-NP
+two CD I-NP
+disasters NNS I-NP
+, , O
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+spur VB I-VP
+increases NNS B-NP
+in IN B-PP
+reinsurance NN B-NP
+prices NNS I-NP
+that WDT B-NP
+will MD B-VP
+later RB I-VP
+be VB I-VP
+translated VBN I-VP
+into IN B-PP
+an DT B-NP
+overall JJ I-NP
+price NN I-NP
+rise NN I-NP
+. . O
+
+Reinsurance NNP B-NP
+is VBZ B-VP
+protection NN B-NP
+taken VBN B-VP
+out IN B-ADVP
+by IN B-PP
+the DT B-NP
+insurance NN I-NP
+firms NNS I-NP
+themselves PRP O
+. . O
+
+`` `` O
+We PRP B-NP
+are VBP B-VP
+saying VBG I-VP
+this DT B-NP
+is VBZ B-VP
+the DT B-NP
+breaking VBG I-NP
+point NN I-NP
+, , O
+this DT B-NP
+is VBZ B-VP
+the DT B-NP
+event NN I-NP
+that WDT B-NP
+will MD B-VP
+change VB I-VP
+the DT B-NP
+psychology NN I-NP
+of IN B-PP
+the DT B-NP
+marketplace NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+William NNP B-NP
+Yankus NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+with IN B-PP
+Conning NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+Hartford NNP I-NP
+firm NN I-NP
+that WDT B-NP
+specializes VBZ B-VP
+in IN B-PP
+the DT B-NP
+insurance NN I-NP
+industry NN I-NP
+. . O
+
+His PRP$ B-NP
+firm NN I-NP
+, , O
+along IN B-PP
+with IN B-PP
+some DT B-NP
+others NNS I-NP
+, , O
+issued VBN B-VP
+new JJ B-NP
+buy NN I-NP
+recommendations NNS I-NP
+on IN B-PP
+insurer NN B-NP
+stocks NNS I-NP
+yesterday NN B-NP
+. . O
+
+Among IN B-PP
+the DT B-NP
+insurance NN I-NP
+stocks NNS I-NP
+, , O
+big JJ B-NP
+gainers NNS I-NP
+included VBD B-VP
+American NNP B-NP
+International NNP I-NP
+Group NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+3.25 CD I-NP
+to TO B-PP
+$ $ B-NP
+102.625 CD I-NP
+; : O
+General NNP B-NP
+Re NNP I-NP
+Corp. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2.75 CD I-NP
+to TO B-PP
+$ $ B-NP
+86.50 CD I-NP
+; : O
+Aetna NNP B-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+2.375 CD I-NP
+to TO B-PP
+$ $ B-NP
+59.50 CD I-NP
+; : O
+and CC O
+Marsh NNP B-NP
+& CC I-NP
+McLennan NNP I-NP
+Inc. NNP I-NP
+, , O
+up IN B-ADVP
+$ $ B-NP
+3.125 CD I-NP
+to TO B-PP
+$ $ B-NP
+75.875 CD I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+a DT B-NP
+few JJ I-NP
+individual JJ I-NP
+companies NNS I-NP
+, , O
+most RBS B-ADVP
+likely RB I-ADVP
+smaller JJR B-NP
+ones NNS I-NP
+, , O
+could MD B-VP
+be VB I-VP
+devastated VBN I-VP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+there EX B-NP
+is VBZ B-VP
+a DT B-NP
+damned JJ I-NP
+good JJ I-NP
+chance NN I-NP
+someone NN B-NP
+is VBZ B-VP
+going VBG I-VP
+to TO I-VP
+hit VB I-VP
+the DT B-NP
+skids NNS I-NP
+on IN B-PP
+this DT B-NP
+, , O
+'' '' O
+said VBD B-VP
+Oppenheimer NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+analyst NN I-NP
+Myron NNP I-NP
+Picoult NNP I-NP
+. . O
+
+He PRP B-NP
+suspects VBZ B-VP
+some DT B-NP
+insurers NNS I-NP
+who WP B-NP
+had VBD B-VP
+purchased VBN I-VP
+reinsurance NN B-NP
+to TO B-VP
+limit VB I-VP
+their PRP$ B-NP
+exposure NN I-NP
+to TO B-PP
+catastrophes NNS B-NP
+will MD B-VP
+discover VB I-VP
+that DT B-NP
+reinsurance NN I-NP
+was VBD B-VP
+used VBN I-VP
+up IN B-PRT
+by IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+. . O
+
+British JJ B-NP
+, , I-NP
+West JJ I-NP
+German NN I-NP
+, , I-NP
+Scandinavian NNP I-NP
+and CC I-NP
+other JJ I-NP
+overseas JJ I-NP
+insurers NNS I-NP
+are VBP B-VP
+bracing VBG I-VP
+for IN B-PP
+big JJ B-NP
+claims NNS I-NP
+from IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+earthquake NN I-NP
+disaster NN I-NP
+. . O
+
+Although IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+unclear JJ B-ADJP
+how WRB B-ADVP
+much JJ O
+exposure NN B-NP
+the DT B-NP
+London NNP I-NP
+market NN I-NP
+will MD B-VP
+face VB I-VP
+, , O
+U.K. NNP B-NP
+underwriters NNS O
+traditionally RB B-ADVP
+have VBP B-VP
+a DT B-NP
+large JJ I-NP
+reinsurance NN I-NP
+exposure NN I-NP
+to TO B-PP
+U.S. NNP B-NP
+catastrophe NN I-NP
+coverage NN I-NP
+. . O
+
+Jack NNP B-NP
+Byrne NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+, , O
+said VBD B-VP
+this DT B-NP
+disaster NN I-NP
+will MD B-VP
+test VB I-VP
+the DT B-NP
+catastrophe NN I-NP
+reinsurance NN I-NP
+market NN I-NP
+, , O
+causing VBG B-VP
+these DT B-NP
+rates NNS I-NP
+to TO B-VP
+soar VB I-VP
+. . O
+
+The DT B-NP
+catastrophe NN I-NP
+losses NNS I-NP
+sustained VBN B-VP
+by IN B-PP
+insurers NNS B-NP
+this DT B-NP
+year NN I-NP
+will MD B-VP
+probably RB I-VP
+be VB I-VP
+the DT B-NP
+worst JJS I-NP
+on IN B-PP
+an DT B-NP
+inflation-adjusted JJ I-NP
+basis NN I-NP
+since IN B-PP
+1906 CD B-NP
+-- : O
+when WRB B-ADVP
+another DT B-NP
+earthquake NN I-NP
+sparked VBD B-VP
+the DT B-NP
+Great NNP I-NP
+San NNP I-NP
+Francisco NNP I-NP
+Fire NNP I-NP
+. . O
+
+Orin NNP B-NP
+Kramer NNP I-NP
+, , O
+an DT B-NP
+insurance NN I-NP
+consultant NN I-NP
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+, , O
+estimates VBZ B-VP
+that IN B-SBAR
+the DT B-NP
+1906 CD I-NP
+San NNP I-NP
+Francisco NNP I-NP
+destruction NN I-NP
+, , O
+on IN B-PP
+an DT B-NP
+inflation-adjusted JJ I-NP
+basis NN I-NP
+, , O
+included VBD B-VP
+insured VBN B-NP
+losses NNS I-NP
+of IN B-PP
+$ $ B-NP
+5.8 CD I-NP
+billion CD I-NP
+. . O
+
+He PRP B-NP
+is VBZ B-VP
+estimating VBG I-VP
+this DT B-NP
+week NN I-NP
+'s POS B-NP
+disaster NN I-NP
+will MD B-VP
+generate VB I-VP
+insured VBN B-NP
+losses NNS I-NP
+of IN B-PP
+$ $ B-NP
+2 CD I-NP
+billion CD I-NP
+to TO O
+$ $ B-NP
+4 CD I-NP
+billion CD I-NP
+, , O
+following VBG B-PP
+about RB B-NP
+$ $ I-NP
+4 CD I-NP
+billion CD I-NP
+in IN B-PP
+costs NNS B-NP
+to TO B-PP
+insurers NNS B-NP
+from IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+. . O
+
+Silicon NNP B-NP
+Graphics NNP I-NP
+Inc. NNP I-NP
+'s POS B-NP
+first-quarter JJ I-NP
+profit NN I-NP
+rose VBD B-VP
+sharply RB B-ADVP
+to TO B-PP
+$ $ B-NP
+5.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+28 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+six CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+The DT B-NP
+maker NN I-NP
+of IN B-PP
+computer NN B-NP
+workstations NNS I-NP
+said VBD B-VP
+a DT B-NP
+surge NN I-NP
+of IN B-PP
+government NN B-NP
+orders NNS I-NP
+contributed VBD B-VP
+to TO B-PP
+the DT B-NP
+increase NN I-NP
+. . O
+
+Revenue NN B-NP
+rose VBD B-VP
+95 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+86.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+44.3 CD I-NP
+million CD I-NP
+the DT B-NP
+year NN I-NP
+earlier RBR B-ADJP
+. . O
+
+In IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+23.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+25 CD B-NP
+cents NNS I-NP
+. . O
+
+Hunter NNP B-NP
+Environmental NNP I-NP
+Services NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+reached VBD B-VP
+a DT B-NP
+preliminary JJ I-NP
+accord NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+its PRP$ B-NP
+environmental JJ I-NP
+consulting NN I-NP
+and CC I-NP
+services NNS I-NP
+business NN I-NP
+for IN B-PP
+about RB B-NP
+$ $ I-NP
+40 CD I-NP
+million CD I-NP
+and CC O
+assumption NN B-NP
+of IN B-PP
+related VBN B-NP
+debt NN I-NP
+. . O
+
+The DT B-NP
+buyer NN I-NP
+was VBD B-VP
+n't RB I-VP
+identified VBN I-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+also RB B-ADVP
+is VBZ B-VP
+making VBG I-VP
+progress NN B-NP
+in IN B-PP
+negotiating VBG B-VP
+the DT B-NP
+buy-out NN I-NP
+of IN B-PP
+its PRP$ B-NP
+design NN I-NP
+division NN I-NP
+by IN B-PP
+management NN B-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+Hunter NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+use VB I-VP
+proceeds NNS B-NP
+from IN B-PP
+a DT B-NP
+private JJ I-NP
+placement NN I-NP
+of IN B-PP
+$ $ B-NP
+8 CD I-NP
+million CD I-NP
+of IN B-PP
+preferred JJ B-NP
+shares NNS I-NP
+to TO B-VP
+purchase VB I-VP
+an DT B-NP
+interest NN I-NP
+in IN B-PP
+a DT B-NP
+start-up JJ I-NP
+company NN I-NP
+to TO B-VP
+underwrite VB I-VP
+environmental JJ B-NP
+impairment NN I-NP
+insurance NN I-NP
+. . O
+
+Hunter NNP B-NP
+wants VBZ B-VP
+to TO I-VP
+concentrate VB I-VP
+its PRP$ B-NP
+resources NNS I-NP
+on IN B-PP
+the DT B-NP
+insurance NN I-NP
+business NN I-NP
+and CC B-PP
+on IN B-PP
+a DT B-NP
+project NN I-NP
+to TO B-VP
+store VB I-VP
+hazardous JJ B-NP
+wastes NNS I-NP
+in IN B-PP
+salt NN B-NP
+domes NNS I-NP
+. . O
+
+Jaguar NNP B-NP
+PLC NNP I-NP
+'s POS B-NP
+chairman NN I-NP
+said VBD B-VP
+he PRP B-NP
+hopes VBZ B-VP
+to TO I-VP
+reach VB I-VP
+a DT B-NP
+friendly JJ I-NP
+pact NN I-NP
+with IN B-PP
+General NNP B-NP
+Motors NNPS I-NP
+Corp. NNP I-NP
+within IN B-PP
+a DT B-NP
+month NN I-NP
+that WDT B-NP
+may MD B-VP
+involve VB I-VP
+the DT B-NP
+British JJ I-NP
+luxury-car NN I-NP
+maker NN I-NP
+'s VBZ I-NP
+producing VBG B-VP
+a DT B-NP
+cheaper JJR I-NP
+executive JJ I-NP
+model NN I-NP
+. . O
+
+Sir NNP B-NP
+John NNP I-NP
+Egan NNP I-NP
+told VBD B-VP
+reporters NNS B-NP
+at IN B-PP
+London NNP B-NP
+'s POS B-NP
+Motorfair NNP I-NP
+yesterday NN B-NP
+he PRP B-NP
+`` `` O
+would MD B-VP
+be VB I-VP
+disappointed VBN B-ADJP
+if IN B-SBAR
+we PRP B-NP
+could MD B-VP
+n't RB I-VP
+do VB I-VP
+-LCB- ( O
+the DT B-NP
+deal NN I-NP
+-RCB- ) O
+within IN B-PP
+a DT B-NP
+month NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+the DT B-NP
+tie-up NN I-NP
+would MD B-VP
+mean VB I-VP
+Jaguar NNP B-NP
+could MD B-VP
+`` `` O
+develop VB B-VP
+cars NNS B-NP
+down JJ B-ADJP
+range NN I-ADJP
+-LCB- ( O
+in IN B-PP
+price NN B-NP
+-RCB- ) O
+from IN B-PP
+where WRB B-ADVP
+we PRP B-NP
+are VBP B-VP
+'' '' O
+by IN B-PP
+offering NN B-VP
+access NN B-NP
+to TO B-PP
+GM NNP B-NP
+'s POS B-NP
+high-volume JJ I-NP
+parts NNS I-NP
+production NN I-NP
+. . O
+
+Besides IN B-PP
+creating VBG B-VP
+joint JJ B-NP
+manufacturing NN I-NP
+ventures NNS I-NP
+, , O
+the DT B-NP
+accord NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+give VB I-VP
+GM NNP B-NP
+about IN B-NP
+a DT I-NP
+15 CD I-NP
+% NN I-NP
+stake NN I-NP
+that IN B-NP
+eventually RB B-ADVP
+would MD B-VP
+rise VB I-VP
+to TO B-PP
+about IN B-NP
+30 CD I-NP
+% NN I-NP
+. . O
+
+Jaguar NN B-NP
+figures VBZ B-VP
+a DT B-NP
+friendly JJ I-NP
+alliance NN I-NP
+with IN B-PP
+GM NNP B-NP
+will MD B-VP
+fend VB I-VP
+off IN B-PRT
+unwelcome JJ B-NP
+advances NNS I-NP
+from IN B-PP
+Ford NNP B-NP
+Motor NNP I-NP
+Co NNP I-NP
+. . O
+
+But CC O
+Ford NNP B-NP
+, , O
+Jaguar NNP B-NP
+'s POS B-NP
+biggest JJS I-NP
+shareholder NN I-NP
+since IN B-PP
+lifting VBG B-VP
+its PRP$ B-NP
+stake NN I-NP
+to TO B-PP
+10.4 CD B-NP
+% NN I-NP
+this DT B-NP
+week NN I-NP
+, , O
+is VBZ B-VP
+pressing VBG I-VP
+harder JJR B-ADVP
+for IN B-PP
+talks NNS B-NP
+with IN B-PP
+Sir NNP B-NP
+John NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+getting VBG I-VP
+to TO B-PP
+the DT B-NP
+point NN I-NP
+where WRB B-ADVP
+we PRP B-NP
+are VBP B-VP
+going VBG I-VP
+to TO I-VP
+have VB I-VP
+to TO I-VP
+meet VB I-VP
+'' '' O
+with IN B-PP
+him PRP B-NP
+, , O
+one CD B-NP
+Ford NNP I-NP
+official NN I-NP
+said VBD B-VP
+yesterday NN B-NP
+. . O
+
+Ford NNP B-NP
+probably RB B-ADVP
+will MD B-VP
+renew VB I-VP
+its PRP$ B-NP
+request NN I-NP
+for IN B-PP
+such JJ B-NP
+a DT I-NP
+meeting NN I-NP
+soon RB B-ADVP
+, , O
+he PRP B-NP
+added VBD B-VP
+. . O
+
+Sir NNP B-NP
+John NNP I-NP
+has VBZ B-VP
+spurned VBN I-VP
+Ford NNP B-NP
+'s POS B-NP
+advances NNS I-NP
+since IN B-SBAR
+the DT B-NP
+U.S. NNP I-NP
+auto NN I-NP
+giant NN I-NP
+launched VBD B-VP
+a DT B-NP
+surprise NN I-NP
+bid NN I-NP
+for IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+15 CD I-NP
+% NN I-NP
+of IN B-PP
+Jaguar NNP B-NP
+last JJ B-NP
+month NN I-NP
+. . O
+
+Ford NNP B-NP
+has VBZ B-VP
+signaled VBN I-VP
+it PRP B-NP
+might MD B-VP
+acquire VB I-VP
+a DT B-NP
+majority NN I-NP
+interest NN I-NP
+later RB B-ADVP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+not RB I-VP
+obligated VBN I-VP
+to TO I-VP
+sit VB I-VP
+down RB B-ADVP
+and CC O
+talk VB B-VP
+to TO B-PP
+anybody NN B-NP
+, , O
+'' '' O
+the DT B-NP
+Jaguar NNP I-NP
+chairman NN I-NP
+asserted VBD B-VP
+yesterday NN B-NP
+. . O
+
+He PRP B-NP
+did VBD B-VP
+n't RB I-VP
+rule VB I-VP
+out RP B-PRT
+negotiations NNS B-NP
+with IN B-PP
+Ford NNP B-NP
+, , O
+however RB B-ADVP
+. . O
+
+The DT B-NP
+fiercely RB I-NP
+proud JJ I-NP
+but CC I-NP
+financially RB I-NP
+strapped VBN I-NP
+British JJ I-NP
+company NN I-NP
+prefers VBZ B-VP
+to TO I-VP
+remain VB I-VP
+independent JJ B-ADJP
+and CC O
+publicly RB B-ADJP
+held VBN I-ADJP
+, , O
+despite IN B-PP
+Ford NNP B-NP
+'s POS B-NP
+promise NN I-NP
+of IN B-PP
+access NN B-NP
+to TO B-PP
+cash VB B-NP
+and CC O
+technological JJ B-NP
+know-how NN I-NP
+. . O
+
+Sir NNP B-NP
+John NNP I-NP
+noted VBD B-VP
+that IN B-SBAR
+GM NNP B-NP
+, , O
+a DT B-NP
+longtime JJ I-NP
+Jaguar NNP I-NP
+supplier NN I-NP
+, , O
+agrees VBZ B-VP
+`` `` O
+we PRP B-NP
+should MD B-VP
+remain VB I-VP
+an DT B-NP
+independent JJ I-NP
+company NN I-NP
+. . O
+'' '' O
+
+He PRP B-NP
+said VBD B-VP
+Jaguar NNP B-NP
+started VBD B-VP
+negotiating VBG I-VP
+with IN B-PP
+GM NNP B-NP
+and CC O
+several JJ B-NP
+other JJ I-NP
+car NN I-NP
+makers NNS I-NP
+over IN B-NP
+a DT I-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+but CC O
+the DT B-NP
+rest NN I-NP
+`` `` O
+dropped VBN B-VP
+by IN B-PP
+the DT B-NP
+wayside NN I-NP
+ever RB B-ADVP
+since IN B-SBAR
+the DT B-NP
+share NN I-NP
+price NN I-NP
+went VBD B-VP
+above IN B-PP
+# # B-NP
+4 CD I-NP
+-LRB- ( O
+$ $ B-NP
+6.30 CD I-NP
+-RRB- ) O
+a DT B-NP
+share NN I-NP
+. . O
+'' '' O
+
+Jaguar NN B-NP
+shares NNS I-NP
+stood VBD B-VP
+at IN B-PP
+405 CD B-NP
+pence NN I-NP
+before IN B-PP
+Ford NNP B-NP
+'s POS B-NP
+initial JJ I-NP
+announcement NN I-NP
+, , O
+but CC O
+the DT B-NP
+subsequent JJ I-NP
+takeover NN I-NP
+frenzy NN I-NP
+has VBZ B-VP
+driven VBN I-VP
+them PRP B-NP
+up RB B-ADVP
+. . O
+
+The DT B-NP
+stock NN I-NP
+traded VBD B-VP
+late JJ B-NP
+yesterday NN I-NP
+on IN B-PP
+London NNP B-NP
+'s POS B-NP
+stock NN I-NP
+exchange NN I-NP
+at IN B-PP
+673 CD B-NP
+pence NN I-NP
+, , O
+up IN B-ADVP
+19 CD B-NP
+pence NN I-NP
+. . O
+
+Developing VBG B-VP
+an DT B-NP
+executive-model JJ I-NP
+range NN I-NP
+would MD B-VP
+mark VB I-VP
+a DT B-NP
+major JJ I-NP
+departure NN I-NP
+for IN B-PP
+Britain NNP B-NP
+'s POS B-NP
+leading VBG I-NP
+luxury-car NN I-NP
+maker NN I-NP
+. . O
+
+A DT B-NP
+typical JJ I-NP
+British JJ I-NP
+executive JJ I-NP
+car NN I-NP
+is VBZ B-VP
+mass NN B-ADJP
+produced VBN I-ADJP
+and CC O
+smaller JJR B-ADJP
+than IN B-PP
+a DT B-NP
+luxury NN I-NP
+car NN I-NP
+. . O
+
+It PRP B-NP
+generally RB B-ADVP
+fetches VBZ B-VP
+no DT B-NP
+more JJR I-NP
+than IN B-PP
+# # B-NP
+25,000 CD I-NP
+-LRB- ( O
+$ $ B-NP
+39,400 CD I-NP
+-RRB- ) O
+-- : O
+roughly RB B-NP
+# # I-NP
+16,000 CD I-NP
+less JJR B-ADJP
+than IN B-PP
+the DT B-NP
+highest-priced JJS I-NP
+Jaguars NNPS I-NP
+, , O
+which WDT B-NP
+are VBP B-VP
+all DT O
+known VBN B-VP
+for IN B-PP
+their PRP$ B-NP
+hand-crafted JJ I-NP
+leather NN I-NP
+work NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+have VBP B-VP
+designs NNS B-NP
+for IN B-PP
+such JJ B-NP
+-LCB- ( I-NP
+executive NN I-NP
+-RCB- ) I-NP
+cars NNS I-NP
+, , O
+but CC O
+have VBP B-VP
+never RB I-VP
+been VBN I-VP
+able JJ B-ADJP
+to TO B-VP
+develop VB I-VP
+them PRP B-NP
+, , O
+'' '' O
+Sir NNP B-NP
+John NNP I-NP
+said VBD B-VP
+. . O
+
+GM NNP B-NP
+'s POS B-NP
+help NN I-NP
+would MD B-VP
+`` `` O
+make VB B-VP
+it PRP B-NP
+possible JJ B-ADJP
+-LCB- ( B-SBAR
+for IN I-SBAR
+Jaguar NNP B-NP
+-RCB- ) O
+to TO B-VP
+build VB I-VP
+a DT B-NP
+wider JJR I-NP
+range NN I-NP
+of IN B-PP
+cars NNS B-NP
+. . O
+'' '' O
+
+An DT B-NP
+executive JJ I-NP
+model NN I-NP
+would MD B-VP
+significantly RB I-VP
+boost VB I-VP
+Jaguar NNP B-NP
+'s POS B-NP
+yearly JJ I-NP
+output NN I-NP
+of IN B-PP
+50,000 CD B-NP
+cars NNS I-NP
+. . O
+
+`` `` O
+You PRP B-NP
+are VBP B-VP
+talking VBG I-VP
+about IN B-PP
+a DT B-NP
+couple NN I-NP
+hundred CD I-NP
+thousand CD I-NP
+a DT B-NP
+year NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Bob NNP B-NP
+Barber NNP I-NP
+, , O
+an DT B-NP
+auto-industry NN I-NP
+analyst NN I-NP
+at IN B-PP
+U.K. NNP B-NP
+brokerage NN I-NP
+James NNP I-NP
+Capel NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+A DT B-NP
+pact NN I-NP
+with IN B-PP
+GM NNP B-NP
+may MD B-VP
+emerge VB I-VP
+in IN B-PP
+as RB B-NP
+little JJ I-NP
+as IN I-NP
+two CD I-NP
+weeks NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+sources NNS B-NP
+close VBP B-ADJP
+to TO B-PP
+the DT B-NP
+talks NNS I-NP
+. . O
+
+The DT B-NP
+deal NN I-NP
+would MD B-VP
+require VB I-VP
+approval NN B-NP
+by IN B-PP
+a DT B-NP
+majority NN I-NP
+of IN B-PP
+Jaguar NNP B-NP
+shareholders NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+have VBP B-VP
+to TO I-VP
+make VB I-VP
+it PRP B-NP
+attractive JJ B-ADJP
+enough RB I-ADJP
+that IN B-SBAR
+-LCB- ( O
+holders NNS B-NP
+-RCB- ) O
+would MD B-VP
+accept VB I-VP
+it PRP B-NP
+, , O
+'' '' O
+Sir NNP B-NP
+John NNP I-NP
+said VBD B-VP
+. . O
+
+That DT B-NP
+may MD B-VP
+be VB I-VP
+difficult JJ B-ADJP
+, , O
+the DT B-NP
+Jaguar NNP I-NP
+chairman NN I-NP
+acknowledged VBD B-VP
+, , O
+`` `` O
+when WRB B-ADVP
+you PRP B-NP
+have VBP B-VP
+somebody NN B-NP
+else JJ B-ADJP
+breathing NN B-VP
+down RB B-PP
+your PRP$ B-NP
+neck NN I-NP
+. . O
+
+'' '' O
+Ford NNP B-NP
+probably RB B-ADVP
+would MD B-VP
+try VB I-VP
+to TO I-VP
+kill VB I-VP
+the DT B-NP
+proposal NN I-NP
+by IN B-PP
+enlisting VBG B-VP
+support NN B-NP
+from IN B-PP
+U.S. NNP B-NP
+takeover-stock JJ I-NP
+speculators NNS I-NP
+and CC O
+holding VBG B-VP
+out RP B-PRT
+the IN B-NP
+carrot NN I-NP
+of IN B-PP
+a DT B-NP
+larger JJR I-NP
+bid NN I-NP
+later RB B-ADVP
+, , O
+said VBD B-VP
+Stephen NNP B-NP
+Reitman NNP I-NP
+, , O
+European JJ B-NP
+auto NN I-NP
+analyst NN I-NP
+at IN B-PP
+London NNP B-NP
+brokers NNS I-NP
+UBS NNP I-NP
+Phillips NNP I-NP
+& CC I-NP
+Drew NNP I-NP
+. . O
+
+Ford NNP B-NP
+ca MD B-VP
+n't RB I-VP
+make VB I-VP
+a DT B-NP
+full-fledged JJ I-NP
+bid NN I-NP
+for IN B-PP
+Jaguar NNP B-NP
+until IN B-SBAR
+U.K. NNP B-NP
+government NN I-NP
+restrictions NNS I-NP
+expire VBP B-VP
+. . O
+
+The DT B-NP
+anti-takeover JJ I-NP
+measure NN I-NP
+prevents VBZ B-VP
+any DT B-NP
+outside JJ I-NP
+investor NN I-NP
+from IN B-PP
+buying VBG B-VP
+more JJR B-NP
+than IN I-NP
+15 CD I-NP
+% NN I-NP
+of IN B-PP
+Jaguar NNP B-NP
+shares NNS I-NP
+without IN B-PP
+permission NN B-NP
+until IN B-PP
+Dec. NNP B-NP
+31 CD I-NP
+, , I-NP
+1990 CD I-NP
+. . O
+
+But CC O
+with IN B-PP
+its PRP$ B-NP
+10.4 CD I-NP
+% NN I-NP
+stake NN I-NP
+, , O
+Ford NNP B-NP
+can MD B-VP
+convene VB I-VP
+a DT O
+special JJ O
+Jaguar NNP B-NP
+shareholders NNS I-NP
+' POS B-NP
+meeting NN I-NP
+and CC O
+urge VB B-VP
+them PRP B-NP
+to TO B-VP
+drop VB I-VP
+the DT B-NP
+restrictions NNS I-NP
+prematurely RB B-ADVP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+a DT B-NP
+very RB I-NP
+valuable JJ I-NP
+weapon NN I-NP
+in IN B-PP
+their PRP$ B-NP
+armory NN I-NP
+, , O
+'' '' O
+which WDT B-NP
+could MD B-VP
+enable VB I-VP
+Ford NNP B-NP
+to TO B-VP
+bid VB I-VP
+sooner RBR B-ADVP
+for IN B-PP
+Jaguar NNP B-NP
+, , O
+observed VBN B-VP
+Mr. NNP B-NP
+Barber NNP I-NP
+of IN B-PP
+James NNP B-NP
+Capel NNP I-NP
+. . O
+
+Otherwise RB B-ADVP
+, , O
+Jaguar NNP B-NP
+may MD B-VP
+have VB I-VP
+to TO I-VP
+tolerate VB I-VP
+the DT B-NP
+two CD I-NP
+U.S. NNP I-NP
+auto NN I-NP
+giants NNS I-NP
+each DT O
+owning VBG B-VP
+a DT B-NP
+15 CD I-NP
+% NN I-NP
+stake NN I-NP
+for IN B-PP
+more JJR B-NP
+than IN B-PP
+a DT B-NP
+year NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+would MD B-VP
+be VB I-VP
+difficult JJ B-ADJP
+to TO B-VP
+see VB I-VP
+how WRB B-ADVP
+a DT B-NP
+car NN I-NP
+company NN I-NP
+can MD B-VP
+be VB I-VP
+owned VBN I-VP
+by IN B-PP
+a DT B-NP
+collective NN I-NP
+, , O
+'' '' O
+Sir NNP B-NP
+John NNP I-NP
+said VBD B-VP
+. . O
+
+`` `` O
+It PRP B-NP
+has VBZ B-VP
+never RB I-VP
+been VBN I-VP
+done VBN I-VP
+before RB B-ADVP
+, , O
+but CC O
+there EX B-NP
+'s VBZ B-VP
+always RB B-ADVP
+a DT B-NP
+first JJ I-NP
+. . O
+
+Although IN B-SBAR
+two CD B-NP
+Baby NNP I-NP
+Bells NNPS I-NP
+showed VBD B-VP
+strong JJ B-NP
+growth NN I-NP
+in IN B-PP
+access NN B-NP
+lines NNS I-NP
+, , O
+usage NN B-NP
+and CC O
+unregulated JJ B-NP
+business NN I-NP
+revenue NN I-NP
+, , O
+one CD B-NP
+reported VBD B-VP
+a DT B-NP
+modest JJ I-NP
+gain NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+net NN I-NP
+while IN B-SBAR
+the DT B-NP
+other NN I-NP
+posted VBD B-VP
+a DT B-NP
+small JJ I-NP
+drop NN I-NP
+. . O
+
+Ameritech NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+earnings NNS I-NP
+increased VBN B-VP
+2.8 CD B-NP
+% NN I-NP
+, , O
+after IN B-SBAR
+strong JJ B-NP
+revenue NN I-NP
+gains NNS I-NP
+were VBD B-VP
+offset VBN I-VP
+somewhat RB B-ADVP
+by IN B-PP
+refunds NNS B-NP
+and CC O
+rate NN B-NP
+reductions NNS I-NP
+imposed VBN B-VP
+by IN B-PP
+regulators NNS B-NP
+in IN B-PP
+its PRP$ B-NP
+Midwest NNP I-NP
+territory NN I-NP
+. . O
+
+BellSouth NNP B-NP
+Corp. NNP I-NP
+'s POS B-NP
+third-quarter JJ I-NP
+earnings NNS I-NP
+dropped VBD B-VP
+3.8 CD B-NP
+% NN I-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+debt NN B-NP
+refinancing NN I-NP
+, , O
+the DT B-NP
+recent JJ I-NP
+acquisition NN I-NP
+of IN B-PP
+a DT B-NP
+cellular JJ I-NP
+and CC I-NP
+paging NN I-NP
+property NN I-NP
+and CC O
+rate NN B-NP
+reductions NNS I-NP
+in IN B-PP
+its PRP$ B-NP
+Southeast NNP I-NP
+territory NN I-NP
+. . O
+
+BellSouth NNP B-NP
+
+At IN B-PP
+BellSouth NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Atlanta NNP B-NP
+, , O
+customer NN B-NP
+access NN I-NP
+lines NNS I-NP
+grew VBN B-VP
+by IN B-PP
+162,000 CD B-NP
+, , O
+or CC O
+3.5 CD B-NP
+% NN I-NP
+, , O
+during IN B-PP
+the DT B-NP
+12-month JJ I-NP
+period NN I-NP
+ended VBN B-VP
+Sept NNP B-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+total JJ B-NP
+operating NN I-NP
+revenue NN I-NP
+grew VBD B-VP
+2.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+3.55 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+3.46 CD I-NP
+billion CD I-NP
+. . O
+
+Total JJ B-NP
+operating NN I-NP
+expenses NNS I-NP
+increased VBN B-VP
+3.5 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.78 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.69 CD I-NP
+billion CD I-NP
+. . O
+
+Overall JJ B-NP
+access NN I-NP
+minutes NNS I-NP
+of IN B-PP
+use NN B-NP
+increased VBN B-VP
+10.3 CD B-NP
+% NN I-NP
+and CC O
+toll NN B-NP
+messages NNS I-NP
+jumped VBD B-VP
+5.2 CD B-NP
+% NN I-NP
+. . O
+
+BellSouth NNP B-NP
+Chairman NNP I-NP
+and CC I-NP
+Chief NNP I-NP
+Executive NNP I-NP
+Officer NNP I-NP
+John NNP I-NP
+L. NNP I-NP
+Clendenin NNP I-NP
+said VBD B-VP
+three CD B-NP
+factors NNS I-NP
+accounted VBD B-VP
+for IN B-PP
+the DT B-NP
+drop NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+earnings NNS I-NP
+. . O
+
+The DT B-NP
+refinancing NN I-NP
+of IN B-PP
+$ $ B-NP
+481 CD I-NP
+million CD I-NP
+in IN B-PP
+long-term JJ B-NP
+debt NN I-NP
+reduced VBD B-VP
+net JJ B-NP
+income NN I-NP
+by IN B-PP
+$ $ B-NP
+22 CD I-NP
+million CD I-NP
+, , O
+or CC O
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+but CC O
+in IN B-PP
+the DT B-NP
+long JJ I-NP
+run NN I-NP
+will MD B-VP
+save VB B-VP
+more JJR B-NP
+than IN I-NP
+$ $ I-NP
+250 CD I-NP
+million CD I-NP
+in IN B-PP
+interest NN B-NP
+costs NNS I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+previously RB B-ADVP
+said VBD B-VP
+that IN B-SBAR
+the DT B-NP
+recent JJ I-NP
+acquisition NN I-NP
+of IN B-PP
+Mobile NNP B-NP
+Communications NNP I-NP
+Corp. NNP I-NP
+of IN B-PP
+America NNP B-NP
+would MD B-VP
+dilute VB I-VP
+1989 CD B-NP
+earnings NNS I-NP
+by IN B-PP
+about IN B-NP
+3 CD I-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+earnings NNS B-NP
+were VBD B-VP
+reduced VBN I-VP
+by IN B-PP
+rate NN B-NP
+reductions NNS I-NP
+in IN B-PP
+Florida NNP B-NP
+, , I-NP
+Kentucky NNP I-NP
+, , I-NP
+Alabama NNP I-NP
+, , I-NP
+Tennessee NNP I-NP
+and CC I-NP
+Louisiana NNP I-NP
+. . O
+
+Ameritech NNP B-NP
+
+At IN B-PP
+Ameritech NNP B-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Chicago NNP B-NP
+, , O
+customer NN B-NP
+access NN I-NP
+lines NNS I-NP
+increased VBN B-VP
+by IN B-PP
+402,000 CD B-NP
+, , O
+or CC O
+2.6 CD B-NP
+% NN I-NP
+, , O
+and CC O
+cellular JJ B-NP
+mobile JJ I-NP
+lines NNS I-NP
+increased VBN B-VP
+by IN B-PP
+80,000 CD B-NP
+, , O
+or CC O
+62.3 CD B-NP
+% NN I-NP
+, , O
+for IN B-PP
+the DT B-NP
+12-month JJ I-NP
+period NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+, , O
+revenue NN B-NP
+increased VBN B-VP
+1.9 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.55 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+2.51 CD I-NP
+billion CD I-NP
+. . O
+
+Operating NN B-NP
+expenses NNS I-NP
+increased VBN B-VP
+2.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.04 CD I-NP
+billion CD I-NP
+, , O
+including VBG B-PP
+one-time JJ B-NP
+pretax JJ I-NP
+charges NNS I-NP
+of IN B-PP
+$ $ B-NP
+40 CD I-NP
+million CD I-NP
+for IN B-PP
+labor NN B-NP
+contract NN I-NP
+signing VBG I-NP
+bonuses NNS I-NP
+. . O
+
+Local JJ B-NP
+service NN I-NP
+revenue NN I-NP
+increased VBN B-VP
+3.5 CD B-NP
+% NN I-NP
+and CC O
+directory NN B-NP
+and CC I-NP
+unregulated JJ I-NP
+business NN I-NP
+revenue NN I-NP
+jumped VBD B-VP
+9.5 CD B-NP
+% NN I-NP
+. . O
+
+But CC O
+network NN B-NP
+access NN I-NP
+revenue NN I-NP
+dropped VBD B-VP
+4 CD B-NP
+% NN I-NP
+and CC O
+toll NN B-NP
+revenue NN I-NP
+dropped VBD B-VP
+1.4 CD B-NP
+% NN I-NP
+. . O
+
+a DT B-NP
+- : O
+reflects VBZ B-VP
+2-for-1 JJ B-NP
+stock NN I-NP
+split NN I-NP
+effective JJ B-ADJP
+Dec. NNP B-NP
+30 CD I-NP
+, , I-NP
+1988 CD I-NP
+. . O
+
+b NN B-NP
+- : O
+reflects VBZ B-VP
+extraordinary JJ B-NP
+loss NN I-NP
+of IN B-PP
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+for IN B-PP
+early JJ B-NP
+debt NN I-NP
+retirement NN I-NP
+. . O
+
+c NN B-NP
+- : O
+reflects VBZ B-VP
+extraordinary JJ B-NP
+loss NN I-NP
+of IN B-PP
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+and CC O
+extraordinary JJ B-NP
+gain NN I-NP
+of IN B-PP
+14 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+from IN B-PP
+cumulative JJ B-NP
+effect NN I-NP
+of IN B-PP
+accounting NN B-NP
+change NN I-NP
+. . O
+
+The DT O
+Wall NNP O
+Street NNP O
+Journal NNP O
+`` `` O
+American JJ O
+Way NN O
+of IN B-PP
+Buying VBG B-NP
+'' '' B-NP
+Survey NNP I-NP
+consists VBZ B-VP
+of IN B-PP
+two CD B-NP
+separate JJ I-NP
+, , I-NP
+door-to-door JJ I-NP
+nationwide JJ I-NP
+polls NNS I-NP
+conducted VBN B-VP
+for IN B-PP
+the DT B-NP
+Journal NNP I-NP
+by IN B-PP
+Peter NNP B-NP
+D. NNP I-NP
+Hart NNP I-NP
+Research NNP I-NP
+Associates NNPS I-NP
+and CC O
+the DT B-NP
+Roper NNP I-NP
+Organization NNP I-NP
+. . O
+
+The DT B-NP
+two CD I-NP
+surveys NNS I-NP
+, , O
+which WDT B-NP
+asked VBD B-VP
+different JJ B-NP
+questions NNS I-NP
+, , O
+were VBD B-VP
+conducted VBN I-VP
+using VBG B-VP
+national JJ B-NP
+random JJ I-NP
+probability NN I-NP
+samples NNS I-NP
+. . O
+
+The DT B-NP
+poll NN I-NP
+conducted VBN B-VP
+by IN B-PP
+Peter NNP B-NP
+D. NNP I-NP
+Hart NNP I-NP
+Research NNP I-NP
+Associates NNPS I-NP
+interviewed VBN B-VP
+2,064 CD B-NP
+adults NNS I-NP
+age VBP B-NP
+18 CD I-NP
+and CC O
+older JJR B-ADJP
+from IN B-PP
+June NNP B-NP
+15 CD I-NP
+to TO B-PP
+June NNP B-NP
+30 CD I-NP
+, , I-NP
+1989 CD I-NP
+. . O
+
+The DT B-NP
+poll NN I-NP
+conducted VBN B-VP
+by IN B-PP
+the DT B-NP
+Roper NNP I-NP
+Organization NNP I-NP
+interviewed VBD B-VP
+2,002 CD B-NP
+adults NNS I-NP
+age VBP B-NP
+18 CD I-NP
+and CC O
+older JJR B-ADJP
+from IN B-PP
+July NNP B-NP
+7 CD I-NP
+to TO B-PP
+July NNP B-NP
+15 CD I-NP
+, , I-NP
+1989 CD I-NP
+. . O
+
+Responses NNS B-NP
+were VBD B-VP
+weighted JJ I-VP
+on IN B-PP
+the DT B-NP
+basis NN I-NP
+of IN B-PP
+age NN B-NP
+and CC I-NP
+gender NN I-NP
+to TO B-VP
+conform VB I-VP
+with IN B-PP
+U.S. NNP B-NP
+Census NNP I-NP
+data NNS I-NP
+. . O
+
+For IN B-PP
+each DT B-NP
+poll NN I-NP
+, , O
+the DT B-NP
+odds NNS I-NP
+are VBP B-VP
+19 CD B-NP
+out IN B-PP
+of IN B-PP
+20 CD B-NP
+that IN O
+if IN B-SBAR
+pollsters NNS B-NP
+had VBD B-VP
+sought VBN I-VP
+to TO I-VP
+survey VB I-VP
+every DT B-NP
+household NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+using VBG B-VP
+the DT B-NP
+same JJ I-NP
+questionnaire NN I-NP
+, , O
+the DT B-NP
+findings NNS I-NP
+would MD B-VP
+differ VB I-VP
+from IN B-PP
+these DT B-NP
+poll NN I-NP
+results NNS I-NP
+by IN B-PP
+no DT B-NP
+more JJR I-NP
+than IN I-NP
+2 CD I-NP
+1\/2 CD I-NP
+percentage NN I-NP
+points NNS I-NP
+in IN B-PP
+either DT B-NP
+direction NN I-NP
+. . O
+
+The DT B-NP
+margin NN I-NP
+of IN B-PP
+error NN B-NP
+for IN B-PP
+subgroups NNS B-NP
+-- : O
+for IN B-PP
+example NN B-NP
+, , O
+married VBN B-NP
+women NNS I-NP
+with IN B-PP
+children NNS B-NP
+at IN B-PP
+home NN B-NP
+-- : O
+would MD B-VP
+be VB I-VP
+larger JJR B-ADJP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+in IN B-PP
+any DT B-NP
+survey NN I-NP
+, , O
+there EX B-NP
+is VBZ B-VP
+always RB B-ADVP
+the DT B-NP
+chance NN I-NP
+that IN B-SBAR
+other JJ B-NP
+factors NNS I-NP
+such JJ B-PP
+as IN I-PP
+question NN B-NP
+wording NN I-NP
+could MD B-VP
+introduce VB I-VP
+errors NNS B-NP
+into IN B-PP
+the DT B-NP
+findings NNS I-NP
+. . O
+
+Program NN B-NP
+traders NNS I-NP
+were VBD B-VP
+buying VBG I-VP
+and CC I-VP
+selling VBG I-VP
+at IN B-PP
+full JJ B-NP
+steam NN I-NP
+Monday NNP B-NP
+, , O
+the DT B-NP
+first JJ I-NP
+trading NN I-NP
+session NN I-NP
+after IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+'s POS B-NP
+190.58-point JJ I-NP
+plunge NN I-NP
+Friday NNP B-NP
+. . O
+
+They PRP B-NP
+accounted VBD B-VP
+for IN B-PP
+a DT B-NP
+hefty JJ I-NP
+16 CD I-NP
+% NN I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+volume NN I-NP
+Monday NNP B-NP
+, , O
+the DT B-NP
+fourth JJ I-NP
+busiest JJS I-NP
+session NN I-NP
+ever RB B-ADVP
+. . O
+
+On IN B-PP
+Friday NNP B-NP
+, , O
+13 CD B-NP
+% NN I-NP
+of IN B-PP
+volume NN B-NP
+was VBD B-VP
+in IN B-PP
+computer-guided JJ B-NP
+program NN I-NP
+trades NNS I-NP
+. . O
+
+In IN B-PP
+August NNP B-NP
+, , O
+by IN B-PP
+contrast NN B-NP
+, , O
+program NN B-NP
+trading NN I-NP
+averaged VBD B-VP
+10.3 CD B-NP
+% NN I-NP
+of IN B-PP
+daily JJ B-NP
+Big NNP I-NP
+Board NNP I-NP
+turnover NN I-NP
+. . O
+
+Program NN B-NP
+traders NNS I-NP
+were VBD B-VP
+publicly RB I-VP
+castigated VBN I-VP
+following VBG B-PP
+the DT B-NP
+508-point JJ I-NP
+crash NN I-NP
+Oct. NNP B-NP
+19 CD I-NP
+, , I-NP
+1987 CD I-NP
+, , O
+and CC O
+a DT B-NP
+number NN I-NP
+of IN B-PP
+brokerage NN B-NP
+firms NNS I-NP
+pulled VBD B-VP
+back RB B-ADVP
+from IN B-PP
+using VBG B-VP
+this DT B-NP
+strategy NN I-NP
+for IN B-PP
+a DT B-NP
+while NN I-NP
+. . O
+
+But CC O
+as IN B-SBAR
+the DT B-NP
+outcry NN I-NP
+faded VBN B-VP
+by IN B-PP
+the DT B-NP
+spring NN I-NP
+of IN B-PP
+1988 CD B-NP
+, , O
+they PRP B-NP
+resumed VBD B-VP
+. . O
+
+Some DT B-NP
+observers NNS I-NP
+thought VBD B-VP
+that IN B-SBAR
+after IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+sharp JJ I-NP
+drop NN I-NP
+, , O
+the DT B-NP
+firms NNS I-NP
+would MD B-VP
+rein VB I-VP
+in IN B-PRT
+their PRP$ B-NP
+program NN I-NP
+traders NNS I-NP
+to TO B-VP
+avoid VB I-VP
+stoking VBG I-VP
+more JJR B-NP
+controversy NN I-NP
+. . O
+
+But CC O
+the DT B-NP
+statistics NNS I-NP
+released VBD B-VP
+yesterday NN B-NP
+show NN B-VP
+the DT B-NP
+firms NNS I-NP
+did VBD B-VP
+nothing NN B-NP
+of IN B-PP
+the DT B-NP
+sort NN I-NP
+. . O
+
+One CD B-NP
+reason NN I-NP
+, , O
+they PRP B-NP
+said VBD B-VP
+, , O
+was VBD B-VP
+that IN B-SBAR
+the DT B-NP
+official JJ I-NP
+reports NNS I-NP
+on IN B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+exonerated VBD B-VP
+program NN B-NP
+trading NN I-NP
+as IN B-PP
+a DT B-NP
+cause NN I-NP
+. . O
+
+Stock-index NN B-NP
+arbitrage NN I-NP
+is VBZ B-VP
+the DT B-NP
+most RBS I-NP
+controversial JJ I-NP
+form NN I-NP
+of IN B-PP
+program NN B-NP
+trading NN I-NP
+because IN B-SBAR
+it PRP B-NP
+accelerates VBZ B-VP
+market NN B-NP
+moves NNS I-NP
+, , O
+if IN B-SBAR
+not RB O
+actually RB B-ADVP
+causing VBG B-VP
+them PRP B-NP
+. . O
+
+In IN B-PP
+it PRP B-NP
+, , O
+traders NNS B-NP
+buy VBP B-VP
+or CC I-VP
+sell VB I-VP
+stocks NNS B-NP
+and CC O
+offset VB B-VP
+those DT B-NP
+positions NNS I-NP
+in IN B-PP
+stock-index NN B-NP
+futures NNS I-NP
+contracts NNS I-NP
+to TO B-VP
+profit VB I-VP
+from IN B-PP
+fleeting JJ B-NP
+price NN I-NP
+discrepancies NNS I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+exchange NN I-NP
+'s POS B-NP
+definitions NNS I-NP
+, , O
+program NN B-NP
+trading NN I-NP
+also RB B-ADVP
+describes VBZ B-VP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+other JJ B-NP
+strategies NNS I-NP
+that IN B-NP
+, , O
+in IN B-PP
+the DT B-NP
+opinion NN I-NP
+of IN B-PP
+some DT B-NP
+traders NNS I-NP
+, , O
+do VBP B-VP
+n't RB I-VP
+cause VB I-VP
+big JJ B-NP
+swings NNS I-NP
+in IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+The DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+'s POS B-NP
+disclosure NN I-NP
+of IN B-PP
+program NN B-NP
+trading NN I-NP
+activity NN I-NP
+on IN B-PP
+these DT B-NP
+two CD I-NP
+days NNS I-NP
+was VBD B-VP
+unusual JJ B-ADJP
+. . O
+
+Though IN B-SBAR
+it PRP B-NP
+collects VBZ B-VP
+such JJ B-NP
+data NNS I-NP
+daily JJ B-ADVP
+, , O
+its PRP$ B-NP
+monthly JJ I-NP
+reports NNS I-NP
+on IN B-PP
+program NN B-NP
+trading NN I-NP
+usually RB B-ADVP
+come VB B-VP
+out IN B-ADVP
+about IN B-NP
+three CD I-NP
+weeks NNS I-NP
+after IN B-SBAR
+each DT B-NP
+month NN I-NP
+ends NNS B-VP
+. . O
+
+The DT B-NP
+September NNP I-NP
+figures NNS I-NP
+are VBP B-VP
+due JJ B-ADJP
+to TO B-VP
+be VB I-VP
+released VBN I-VP
+this DT B-NP
+week NN I-NP
+. . O
+
+The DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+declined VBD B-VP
+to TO I-VP
+name VB I-VP
+the DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+firms NNS I-NP
+involved VBN B-VP
+in IN B-PP
+the DT B-NP
+activity NN I-NP
+Friday NNP B-NP
+and CC I-NP
+Monday NNP I-NP
+, , O
+or CC O
+the DT B-NP
+type NN I-NP
+of IN B-PP
+strategies NNS B-NP
+used VBN B-VP
+. . O
+
+But CC O
+traders NNS B-NP
+on IN B-PP
+the DT B-NP
+exchange NN I-NP
+floor NN I-NP
+, , O
+who WP B-NP
+can MD B-VP
+observe VB I-VP
+the DT B-NP
+computer-guided JJ I-NP
+trading NN I-NP
+activity NN I-NP
+on IN B-PP
+monitor NN B-NP
+screens NNS I-NP
+, , O
+said VBD B-VP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+top JJ I-NP
+program-trading JJ I-NP
+firms NNS I-NP
+were VBD B-VP
+active JJ B-ADJP
+both DT B-NP
+days NNS I-NP
+. . O
+
+Through IN B-PP
+August NNP B-NP
+, , O
+the DT B-NP
+top JJ I-NP
+five CD I-NP
+program NN I-NP
+trading NN I-NP
+firms NNS I-NP
+in IN B-PP
+volume NN B-NP
+were VBD B-VP
+Morgan NNP B-NP
+Stanley NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+Kidder NNP B-NP
+, , I-NP
+Peabody NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+Merrill NNP B-NP
+Lynch NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+PaineWebber NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+and CC O
+Salomon NNP B-NP
+Brothers NNP I-NP
+Inc NNP I-NP
+. . O
+
+Though IN B-SBAR
+brokerage NN B-NP
+officials NNS I-NP
+defended VBD B-VP
+their PRP$ B-NP
+use NN I-NP
+of IN B-PP
+program NN B-NP
+trading NN I-NP
+, , O
+one CD B-NP
+sign NN I-NP
+of IN B-PP
+what WP B-NP
+an DT I-NP
+issue NN I-NP
+it PRP B-NP
+remains VBZ B-VP
+was VBD B-VP
+that IN B-SBAR
+few JJ B-NP
+executives NNS I-NP
+would MD B-VP
+comment VB I-VP
+on IN B-PP
+the DT B-NP
+record NN I-NP
+. . O
+
+Besides IN B-PP
+reciting VBG B-VP
+the DT B-NP
+pardon NN I-NP
+for IN B-PP
+program NN B-NP
+trading NN I-NP
+contained VBD B-VP
+in IN B-PP
+the DT B-NP
+Brady NNP I-NP
+Commission NNP I-NP
+report NN I-NP
+, , O
+they PRP B-NP
+said VBD B-VP
+stock-index NN B-NP
+arbitrage NN I-NP
+was VBD B-VP
+actually RB I-VP
+needed VBN I-VP
+Monday NNP B-NP
+to TO B-VP
+restore VB I-VP
+the DT B-NP
+markets NNS I-NP
+' POS B-NP
+equilibrium NN I-NP
+. . O
+
+On IN B-PP
+Friday NNP B-NP
+, , O
+the DT B-NP
+stock-index NN I-NP
+futures NNS I-NP
+market NN I-NP
+was VBD B-VP
+unhinged VBN I-VP
+from IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+when WRB B-ADVP
+the DT B-NP
+Chicago NNP I-NP
+Mercantile NNP I-NP
+Exchange NNP I-NP
+halted VBD B-VP
+trading NN B-NP
+in IN B-PP
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+500 CD I-NP
+futures NNS I-NP
+contract VBP I-NP
+-- : O
+a DT B-NP
+`` `` I-NP
+circuit NN I-NP
+breaker NN I-NP
+'' '' I-NP
+procedure NN I-NP
+instituted VBN B-VP
+after IN B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+and CC O
+implemented VBN B-VP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+. . O
+
+Futures NNS B-NP
+trading NN I-NP
+resumed VBD B-VP
+a DT B-NP
+half-hour NN I-NP
+later RB B-ADVP
+, , O
+but CC O
+the DT B-NP
+session NN I-NP
+ended VBD B-VP
+shortly RB B-ADVP
+thereafter RB I-ADVP
+, , O
+leaving VBG B-VP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+set VBN B-VP
+up IN B-PRT
+for IN B-PP
+more JJR B-NP
+sell NN I-NP
+programs NNS I-NP
+, , O
+traders NNS B-NP
+said VBD B-VP
+. . O
+
+By IN B-PP
+Monday NNP B-NP
+morning NN I-NP
+, , O
+they PRP B-NP
+said VBD B-VP
+, , O
+stock-index NN B-NP
+arbitrage NN I-NP
+sell NN I-NP
+programs NNS I-NP
+helped VBD B-VP
+re-establish VB I-VP
+the DT B-NP
+link NN I-NP
+between IN B-PP
+stocks NNS B-NP
+and CC I-NP
+futures NNS I-NP
+. . O
+
+But CC O
+stunning JJ B-NP
+volatility NN I-NP
+was VBD B-VP
+produced VBN I-VP
+in IN B-PP
+the DT B-NP
+process NN I-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+plunged VBD B-VP
+a DT B-NP
+breathtaking JJ I-NP
+63.52 CD I-NP
+points NNS I-NP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+40 CD I-NP
+minutes NNS I-NP
+of IN B-PP
+trading NN B-NP
+Monday NNP B-NP
+as IN B-SBAR
+stock-index NN B-NP
+arbitrage NN I-NP
+sell NN I-NP
+programs NNS I-NP
+kicked VBD B-VP
+in RB B-PRT
+. . O
+
+At IN B-PP
+about IN B-NP
+10:10 CD I-NP
+a.m. NN I-NP
+EDT NNP I-NP
+, , O
+the DT B-NP
+market NN I-NP
+abruptly RB B-VP
+turned VBD I-VP
+upward RB B-ADVP
+on IN B-PP
+stock-index NN B-NP
+arbitrage NN I-NP
+buy NN I-NP
+programs NNS I-NP
+. . O
+
+By IN B-PP
+day NN B-NP
+'s POS B-NP
+end NN I-NP
+, , O
+the DT B-NP
+Dow NNP I-NP
+industrials NNS I-NP
+had VBD B-VP
+rebounded VBN I-VP
+88.12 CD B-NP
+points NNS I-NP
+, , O
+or CC O
+nearly RB B-NP
+half NN I-NP
+of IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+drop NN I-NP
+. . O
+
+FREDERICK NNP B-NP
+'S VBZ B-NP
+OF IN B-PP
+HOLLYWOOD NNP B-NP
+Inc. NNP I-NP
+, , O
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+said VBD B-VP
+its PRP$ B-NP
+board NN I-NP
+voted VBD B-VP
+a DT B-NP
+50 CD I-NP
+% NN I-NP
+increase NN I-NP
+in IN B-PP
+the DT B-NP
+specialty NN I-NP
+boutique-store NN I-NP
+operator NN I-NP
+'s POS B-NP
+semiannual JJ I-NP
+dividend NN I-NP
+, , O
+to TO B-PP
+five CD B-NP
+cents NNS I-NP
+a DT B-NP
+common JJ I-NP
+share NN I-NP
+. . O
+
+The DT B-NP
+dividend NN I-NP
+is VBZ B-VP
+payable JJ B-ADJP
+Dec. NNP B-NP
+15 CD I-NP
+to TO B-PP
+stock VB B-NP
+of IN B-PP
+record NN B-NP
+Nov. NNP B-NP
+15 CD I-NP
+. . O
+
+Valley NNP B-NP
+National NNP I-NP
+Corp. NNP I-NP
+reported VBD B-VP
+a DT B-NP
+third-quarter JJ I-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+72.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.65 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+and CC O
+suspended VBD B-VP
+its PRP$ B-NP
+quarterly JJ I-NP
+dividend NN I-NP
+because IN B-PP
+of IN I-PP
+potential JJ B-NP
+losses NNS I-NP
+on IN B-PP
+its PRP$ B-NP
+Arizona NNP I-NP
+real JJ I-NP
+estate NN I-NP
+holdings NNS I-NP
+. . O
+
+The DT B-NP
+Phoenix-based JJ I-NP
+holding NN I-NP
+company NN I-NP
+for IN B-PP
+Arizona NNP B-NP
+'s POS B-NP
+largest JJS I-NP
+bank NN I-NP
+said VBD B-VP
+it PRP B-NP
+added VBD B-VP
+$ $ B-NP
+121 CD I-NP
+million CD I-NP
+to TO B-PP
+its PRP$ B-NP
+allowance NN I-NP
+for IN B-PP
+losses NNS B-NP
+on IN B-PP
+loans NNS B-NP
+and CC B-PP
+for IN B-PP
+real JJ B-NP
+estate NN I-NP
+owned VBN B-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+earned VBD B-VP
+$ $ B-NP
+18.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+95 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Valley NNP B-NP
+National NNP I-NP
+posted VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+136.4 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+6.90 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+It PRP B-NP
+had VBD B-VP
+profit NN B-NP
+of IN B-PP
+$ $ B-NP
+48.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.46 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+1988 CD I-NP
+period NN I-NP
+. . O
+
+Valley NNP B-NP
+National NNP I-NP
+had VBD B-VP
+been VBN I-VP
+paying VBG I-VP
+a DT B-NP
+quarterly JJ I-NP
+dividend NN I-NP
+of IN B-PP
+36 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+Arizona NNP I-NP
+real JJ I-NP
+estate NN I-NP
+market NN I-NP
+continues VBZ B-VP
+to TO I-VP
+be VB I-VP
+depressed JJ I-VP
+, , O
+and CC O
+there EX B-NP
+is VBZ B-VP
+still JJ B-ADVP
+uncertainty NN B-NP
+as IN B-PP
+to TO B-PP
+when WRB B-ADVP
+values NNS B-NP
+will MD B-VP
+recover VB I-VP
+, , O
+'' '' O
+James NNP B-NP
+P. NNP I-NP
+Simmons NNP I-NP
+, , O
+chairman NN B-NP
+, , O
+said VBD B-VP
+. . O
+
+The DT B-NP
+decision NN I-NP
+to TO B-VP
+increase VB I-VP
+the DT B-NP
+loan-loss NN I-NP
+reserve NN I-NP
+and CC O
+suspend VB B-VP
+the DT B-NP
+dividend NN I-NP
+is VBZ B-VP
+`` `` O
+both DT O
+prudent JJ B-ADJP
+and CC O
+in IN B-PP
+the DT B-NP
+best JJS I-NP
+long-term JJ I-NP
+interest NN I-NP
+of IN B-PP
+the DT B-NP
+shareholders NNS I-NP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Valley NNP B-NP
+National NNP I-NP
+said VBD B-VP
+it PRP B-NP
+made VBD B-VP
+the DT B-NP
+decision NN I-NP
+on IN B-PP
+the DT B-NP
+basis NN I-NP
+of IN B-PP
+an DT B-NP
+`` `` I-NP
+overall JJ I-NP
+assessment NN I-NP
+of IN B-PP
+the DT B-NP
+marketplace NN I-NP
+'' '' O
+and CC O
+the DT B-NP
+condition NN I-NP
+of IN B-PP
+its PRP$ B-NP
+loan NN I-NP
+portfolio NN I-NP
+and CC B-PP
+after IN B-PP
+reviewing VBG B-VP
+it PRP B-NP
+with IN B-PP
+federal JJ B-NP
+regulators NNS I-NP
+. . O
+
+The DT B-NP
+addition NN I-NP
+to TO B-PP
+reserves NNS B-NP
+comes VBZ B-VP
+on IN B-PP
+top NN B-NP
+of IN B-PP
+a DT B-NP
+provision NN I-NP
+of IN B-PP
+$ $ B-NP
+199.7 CD I-NP
+million CD I-NP
+that WDT B-NP
+was VBD B-VP
+announced VBN I-VP
+in IN B-PP
+June NNP B-NP
+. . O
+
+In IN B-PP
+July NNP B-NP
+, , O
+Moody NNP B-NP
+'s POS B-NP
+downgraded VBD B-VP
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+debt NN I-NP
+, , O
+saying VBG B-VP
+the DT B-NP
+bank NN I-NP
+holding VBG I-NP
+company NN I-NP
+had VBD B-VP
+n't RB I-VP
+taken VBN I-VP
+adequate JJ B-NP
+write-offs NNS I-NP
+against IN B-PP
+potential JJ B-NP
+losses NNS I-NP
+on IN B-PP
+real JJ B-NP
+estate NN I-NP
+loans NNS I-NP
+despite IN B-PP
+its PRP$ B-NP
+second-quarter JJ I-NP
+write-down NN I-NP
+. . O
+
+Richard NNP B-NP
+M. NNP I-NP
+Greenwood NNP I-NP
+, , O
+Valley NNP B-NP
+National NNP I-NP
+'s POS B-NP
+executive JJ I-NP
+vice NN I-NP
+president NN I-NP
+, , O
+said VBD B-VP
+then RB B-ADVP
+that IN B-SBAR
+the DT B-NP
+company NN I-NP
+believed VBD B-VP
+the DT B-NP
+write-downs NNS I-NP
+were VBD B-VP
+`` `` O
+adequate JJ B-ADJP
+'' '' O
+and CC O
+did VBD B-VP
+n't RB I-VP
+plan VB I-VP
+to TO I-VP
+increase VB I-VP
+its PRP$ B-NP
+reserves NNS I-NP
+again RB B-ADVP
+. . O
+
+Bruce NNP B-NP
+Hoyt NNP I-NP
+, , O
+a DT B-NP
+banking NN I-NP
+analyst NN I-NP
+with IN B-PP
+Boettcher NNP B-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+Denver NNP I-NP
+brokerage NN I-NP
+firm NN I-NP
+, , O
+said VBD B-VP
+Valley NNP B-NP
+National NNP I-NP
+`` `` O
+is VBZ B-VP
+n't RB O
+out IN B-PP
+of IN B-PP
+the DT B-NP
+woods NNS I-NP
+yet RB B-ADVP
+. . O
+'' '' O
+
+The DT B-NP
+key NN I-NP
+will MD B-VP
+be VB I-VP
+whether IN B-SBAR
+Arizona NNP B-NP
+real JJ I-NP
+estate NN I-NP
+turns VBZ B-VP
+around IN B-ADVP
+or CC O
+at IN B-VP
+least JJS I-VP
+stabilizes VBZ I-VP
+, , O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+They PRP B-NP
+'ve VBP B-VP
+stepped VBD I-VP
+up IN B-ADVP
+to TO B-PP
+the DT B-NP
+plate NN I-NP
+to TO B-VP
+take VB I-VP
+the DT B-NP
+write-downs NNS I-NP
+, , O
+but CC O
+when WRB B-ADVP
+markets NNS B-NP
+head VBP B-VP
+down RB B-ADVP
+, , O
+a DT B-NP
+company NN I-NP
+is VBZ B-VP
+always RB I-VP
+exposed VBN I-VP
+to TO B-PP
+further VB B-NP
+negative JJ I-NP
+surprises NNS I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Hoyt NNP I-NP
+said VBD B-VP
+. . O
+
+Valley NNP B-NP
+National NNP I-NP
+closed VBD B-VP
+yesterday NN B-NP
+at IN B-PP
+$ $ B-NP
+24.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+$ $ B-NP
+1 CD I-NP
+, , O
+in IN B-PP
+national JJ B-NP
+over-the-counter JJ I-NP
+trading NN I-NP
+. . O
+
+Two CD B-NP
+years NNS I-NP
+of IN B-PP
+coddling NN B-NP
+, , O
+down RP B-PP
+the DT B-NP
+drain NN I-NP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+the DT B-NP
+way NN I-NP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+brokers NNS B-NP
+feel VBP B-VP
+today NN B-NP
+on IN B-PP
+the DT B-NP
+second JJ I-NP
+anniversary NN I-NP
+of IN B-PP
+the DT B-NP
+1987 CD I-NP
+stock-market NN I-NP
+crash NN I-NP
+. . O
+
+Ever RB B-ADVP
+since IN B-PP
+that DT B-NP
+fearful JJ I-NP
+Black NNP I-NP
+Monday NNP I-NP
+, , O
+they PRP B-NP
+'ve VBP B-VP
+been VBN I-VP
+tirelessly RB I-VP
+wooing VBG I-VP
+wary JJ B-NP
+individual JJ I-NP
+investors NNS I-NP
+-- : O
+trying VBG B-VP
+to TO I-VP
+convince VB I-VP
+them PRP B-NP
+that IN B-SBAR
+Oct. NNP B-NP
+19 CD I-NP
+, , I-NP
+1987 CD I-NP
+, , O
+was VBD B-VP
+a DT B-NP
+fluke NN I-NP
+and CC O
+that IN B-SBAR
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+really RB B-ADVP
+is VBZ B-VP
+a DT B-NP
+safe JJ I-NP
+place NN I-NP
+for IN B-SBAR
+average JJ B-NP
+Americans NNPS I-NP
+to TO B-VP
+put VB I-VP
+their PRP$ B-NP
+hard-earned JJ I-NP
+dollars NNS I-NP
+. . O
+
+And CC O
+until IN B-PP
+last JJ B-NP
+Friday NNP I-NP
+, , O
+it PRP B-NP
+seemed VBD B-VP
+those DT B-NP
+efforts NNS I-NP
+were VBD B-VP
+starting VBG I-VP
+to TO I-VP
+pay VB I-VP
+off RB B-PRT
+. . O
+
+`` `` O
+Some DT B-NP
+of IN B-PP
+those DT B-NP
+folks NNS I-NP
+were VBD B-VP
+coming VBG I-VP
+back RB B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Leslie NNP B-NP
+Quick NNP I-NP
+Jr. NNP I-NP
+, , O
+chairman NN B-NP
+, , O
+of IN B-PP
+discount NN B-NP
+brokers NNS I-NP
+Quick NNP I-NP
+& CC I-NP
+Reilly NNP I-NP
+Group NNP I-NP
+Inc NNP I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+had VBD B-VP
+heard VBN I-VP
+from IN B-PP
+people NNS B-NP
+who WP B-NP
+had VBD B-VP
+n't RB I-VP
+been VBN I-VP
+active JJ B-ADJP
+'' '' O
+for IN B-PP
+a DT B-NP
+long JJ I-NP
+time NN I-NP
+. . O
+
+Then RB O
+came VBD B-VP
+the DT B-NP
+frightening JJ I-NP
+190-point JJ I-NP
+plunge NN I-NP
+in IN B-PP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+and CC O
+a DT B-NP
+new JJ I-NP
+wave NN I-NP
+of IN B-PP
+stock-market NN B-NP
+volatility NN I-NP
+. . O
+
+All DT B-ADVP
+of IN B-PP
+a DT B-NP
+sudden JJ I-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+back RB B-ADVP
+to TO B-PP
+square VB B-NP
+one CD I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+set VB I-VP
+things NNS B-NP
+back RB B-ADVP
+for IN B-PP
+a DT B-NP
+period NN I-NP
+, , O
+because IN B-SBAR
+it PRP B-NP
+reinforces VBZ B-VP
+the DT B-NP
+concern NN I-NP
+of IN B-PP
+volatility NN B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Jeffrey NNP B-NP
+B. NNP I-NP
+Lane NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc NNP I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+it PRP B-NP
+will MD B-VP
+shake VB I-VP
+confidence NN B-NP
+one CD B-NP
+more JJR I-NP
+time NN I-NP
+, , O
+and CC O
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+this DT B-NP
+business NN I-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+client NN B-NP
+confidence NN I-NP
+. . O
+'' '' O
+
+Brokers NNS B-NP
+around IN B-PP
+the DT B-NP
+country NN I-NP
+say VBP B-VP
+the DT B-NP
+reaction NN I-NP
+from IN B-PP
+individual JJ B-NP
+investors NNS I-NP
+this DT B-NP
+week NN I-NP
+has VBZ B-VP
+been VBN I-VP
+almost RB B-ADJP
+eerie JJ I-ADJP
+. . O
+
+Customers NNS B-NP
+and CC O
+potential JJ B-NP
+customers NNS I-NP
+are VBP B-VP
+suddenly RB I-VP
+complaining VBG I-VP
+about IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+in IN B-PP
+the DT B-NP
+exact JJ I-NP
+way NN I-NP
+they PRP B-NP
+did VBD B-VP
+in IN B-PP
+post-crash JJ B-NP
+1987 CD I-NP
+. . O
+
+`` `` O
+The DT B-NP
+kinds NNS I-NP
+of IN B-PP
+questions NNS B-NP
+you PRP B-NP
+had VBD B-VP
+before IN B-ADVP
+have VBP B-VP
+resurfaced VBN I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Raymond NNP B-NP
+A. NNP I-NP
+`` `` I-NP
+Chip NNP I-NP
+'' '' I-NP
+Mason NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+regional JJ B-NP
+brokerage NN I-NP
+firm NN I-NP
+Legg NNP I-NP
+Mason NNP I-NP
+Inc. NNP I-NP
+, , O
+Baltimore NNP B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+can MD B-VP
+just RB I-VP
+tell VB I-VP
+the DT B-NP
+questions NNS I-NP
+are VBP B-VP
+right RB B-ADVP
+back RB I-ADVP
+where WRB B-ADVP
+they PRP B-NP
+were VBD B-VP
+: : O
+` `` O
+What WP B-NP
+'s VBZ B-VP
+going VBG I-VP
+on IN B-PRT
+? . O
+, , O
+' '' O
+` `` O
+Ca MD O
+n't RB O
+anything NN B-NP
+be VB B-VP
+done VBN I-VP
+about IN B-PP
+program NN B-NP
+trading NN I-NP
+? . O
+, , O
+' '' O
+` `` O
+Does VBZ O
+n't RB O
+the DT B-NP
+exchange NN I-NP
+understand VB B-VP
+? . O
+, , O
+' '' O
+` `` O
+Where WRB B-ADVP
+is VBZ O
+the DT B-NP
+SEC NNP I-NP
+on IN B-PP
+this DT B-NP
+? . O
+' '' O
+'' '' O
+
+Mr. NNP B-NP
+Mason NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+'s VBZ B-VP
+convinced VBN B-ADJP
+the DT B-NP
+public JJ I-NP
+still RB B-ADVP
+wants VBZ B-VP
+to TO I-VP
+invest VB I-VP
+in IN B-PP
+common JJ B-NP
+stocks NNS I-NP
+, , O
+even RB B-SBAR
+though IN I-SBAR
+they PRP B-NP
+believe VBP B-VP
+the DT B-NP
+deck NN I-NP
+is VBZ B-VP
+stacked VBN I-VP
+against IN B-PP
+them PRP B-NP
+. . O
+
+But CC O
+`` `` O
+these DT B-NP
+wide JJ I-NP
+swings NNS I-NP
+scare VBP B-VP
+them PRP B-NP
+to TO B-PP
+death NN B-NP
+. . O
+'' '' O
+
+All DT B-NP
+of IN B-PP
+this DT B-NP
+is VBZ B-VP
+bad JJ B-NP
+news NN I-NP
+for IN B-PP
+the DT B-NP
+big JJ I-NP
+brokerage NN I-NP
+firms NNS I-NP
+such JJ B-PP
+as IN I-PP
+Shearson NNP B-NP
+and CC O
+Merrill NNP B-NP
+Lynch NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+that WDT B-NP
+have VBP B-VP
+big JJ B-NP
+`` `` I-NP
+retail JJ I-NP
+, , I-NP
+'' '' I-NP
+or CC I-NP
+individual-investor NN I-NP
+, , I-NP
+businesses NNS I-NP
+. . O
+
+After IN B-PP
+expanding VBG B-VP
+rapidly RB B-ADVP
+during IN B-PP
+the DT B-NP
+bull-market NN I-NP
+years NNS I-NP
+up IN B-PP
+to TO B-PP
+the DT B-NP
+1987 CD I-NP
+crash NN I-NP
+, , O
+retail JJ B-NP
+brokerage NN I-NP
+operations NNS I-NP
+these DT B-NP
+days NNS I-NP
+are VBP B-VP
+getting VBG I-VP
+barely RB B-NP
+enough JJ I-NP
+business NN I-NP
+to TO B-VP
+pay VB I-VP
+the DT B-NP
+overhead NN I-NP
+. . O
+
+True JJ B-ADJP
+, , O
+the DT B-NP
+amount NN I-NP
+of IN B-PP
+money NN B-NP
+investors NNS B-NP
+are VBP B-VP
+willing JJ B-ADJP
+to TO B-VP
+entrust VB I-VP
+to TO B-PP
+their PRP$ B-NP
+brokers NNS I-NP
+has VBZ B-VP
+been VBN I-VP
+growing VBG I-VP
+lately RB B-ADVP
+. . O
+
+But CC O
+those DT B-NP
+dollars NNS I-NP
+have VBP B-VP
+been VBN I-VP
+going VBG I-VP
+into IN B-PP
+such JJ B-NP
+`` `` I-NP
+safe JJ I-NP
+'' '' I-NP
+products NNS I-NP
+as IN B-PP
+money NN B-NP
+market NN I-NP
+funds NNS I-NP
+, , O
+which WDT B-NP
+do VBP B-VP
+n't RB I-VP
+generate VB I-VP
+much JJ B-NP
+in IN B-PP
+the DT B-NP
+way NN I-NP
+of IN B-PP
+commissions NNS B-NP
+for IN B-PP
+the DT B-NP
+brokerage NN I-NP
+firms NNS I-NP
+. . O
+
+At IN B-PP
+discount NN B-NP
+brokerage NN I-NP
+Charles NNP I-NP
+Schwab NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+such JJ B-NP
+`` `` I-NP
+cash-equivalent JJ I-NP
+'' '' I-NP
+investments NNS I-NP
+recently RB B-ADVP
+accounted VBD B-VP
+for IN B-PP
+a DT B-NP
+record NN I-NP
+$ $ I-NP
+8 CD I-NP
+billion CD I-NP
+of IN B-PP
+the DT B-NP
+firm NN I-NP
+'s POS B-NP
+$ $ I-NP
+25 CD I-NP
+billion CD I-NP
+of IN B-PP
+client NN B-NP
+'s POS B-NP
+assets NNS I-NP
+. . O
+
+The DT B-NP
+brokers NNS I-NP
+' POS B-NP
+hope NN I-NP
+has VBZ B-VP
+been VBN I-VP
+that IN B-SBAR
+they PRP B-NP
+could MD B-VP
+soon RB I-VP
+coax VB I-VP
+investors NNS B-NP
+into IN B-PP
+shifting VBG B-VP
+some DT B-NP
+of IN B-PP
+their PRP$ B-NP
+hoard NN I-NP
+into IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+And CC O
+before IN B-PP
+last JJ B-NP
+Friday NNP I-NP
+, , O
+they PRP B-NP
+were VBD B-VP
+actually RB I-VP
+making VBG I-VP
+modest JJ B-NP
+progress NN I-NP
+. . O
+
+A DT B-NP
+slightly RB I-NP
+higher JJR I-NP
+percentage NN I-NP
+of IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+volume NN I-NP
+has VBZ B-VP
+been VBN I-VP
+attributed VBN I-VP
+to TO B-PP
+retail VB B-NP
+investors NNS I-NP
+in IN B-PP
+recent JJ B-NP
+months NNS I-NP
+compared VBN B-PP
+with IN B-PP
+post-crash JJ B-NP
+1988 CD I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+Securities NNP B-NP
+Industry NNP I-NP
+Association NNP I-NP
+data NNS I-NP
+. . O
+
+In IN B-PP
+1987 CD B-NP
+, , O
+an DT B-NP
+average JJ I-NP
+19.7 CD I-NP
+% NN I-NP
+of IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+volume NN I-NP
+was VBD B-VP
+retail JJ B-NP
+business NN I-NP
+, , O
+with IN B-SBAR
+the DT B-NP
+monthly JJ I-NP
+level NN I-NP
+never RB B-ADVP
+more JJR B-NP
+than IN I-NP
+21.4 CD I-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+retail JJ I-NP
+participation NN I-NP
+dropped VBD B-VP
+to TO B-PP
+an DT B-NP
+average JJ I-NP
+18.2 CD I-NP
+% NN I-NP
+in IN B-PP
+1988 CD B-NP
+, , O
+and CC O
+shriveled VBD B-VP
+to TO B-PP
+barely RB B-NP
+14 CD I-NP
+% NN I-NP
+some DT B-NP
+months NNS I-NP
+during IN B-PP
+the DT B-NP
+year NN I-NP
+. . O
+
+Yet RB O
+in IN B-PP
+1989 CD B-NP
+, , O
+retail JJ B-NP
+participation NN I-NP
+has VBZ B-VP
+been VBN I-VP
+more JJR B-NP
+than IN I-NP
+20 CD I-NP
+% NN I-NP
+in IN B-PP
+every DT B-NP
+month NN I-NP
+, , O
+and CC O
+was VBD B-VP
+23.5 CD B-NP
+% NN I-NP
+in IN B-PP
+August NNP B-NP
+, , O
+the DT B-NP
+latest JJS I-NP
+month NN I-NP
+for IN B-PP
+which WDT B-NP
+figures NNS B-NP
+are VBP B-VP
+available JJ B-ADJP
+. . O
+
+Jeffrey NNP B-NP
+Schaefer NNP I-NP
+, , O
+the DT B-NP
+SIA NNP I-NP
+'s POS B-NP
+research NN I-NP
+director NN I-NP
+, , O
+says VBZ B-VP
+that IN B-SBAR
+all DT B-NP
+of IN B-PP
+his PRP$ B-NP
+group NN I-NP
+'s POS B-NP
+retail-volume NN I-NP
+statistics NNS I-NP
+could MD B-VP
+be VB I-VP
+overstated VBN I-VP
+by IN B-PP
+as RB B-NP
+much JJ I-NP
+as IN I-NP
+five CD I-NP
+percentage NN I-NP
+points NNS I-NP
+because IN B-SBAR
+corporate JJ B-NP
+buy-backs NNS I-NP
+are VBP B-VP
+sometimes RB I-VP
+inadvertently RB I-VP
+included VBD I-VP
+in IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+data NNS I-NP
+. . O
+
+But CC O
+there EX B-NP
+did VBD B-VP
+seem VB I-VP
+to TO I-VP
+be VB I-VP
+a DT B-NP
+retail JJ I-NP
+activity NN I-NP
+pickup NN I-NP
+. . O
+
+But CC O
+`` `` O
+Friday NNP B-NP
+did VBD B-VP
+n't RB I-VP
+help VB I-VP
+things NNS B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Schaefer NNP I-NP
+. . O
+
+With IN B-PP
+the DT B-NP
+gyrations NNS I-NP
+of IN B-PP
+recent JJ B-NP
+days NNS I-NP
+, , O
+says VBZ B-VP
+Hugo NNP B-NP
+Quackenbush NNP I-NP
+, , O
+senior JJ B-NP
+vice NN I-NP
+president NN I-NP
+at IN B-PP
+Charles NNP B-NP
+Schwab NNP I-NP
+, , O
+many JJ B-NP
+small JJ I-NP
+investors NNS I-NP
+are VBP B-VP
+absolutely RB B-ADJP
+convinced VBN I-ADJP
+that IN B-SBAR
+`` `` O
+they PRP B-NP
+should MD B-VP
+n't RB I-VP
+play VB I-VP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+'' '' O
+
+Joseph NNP B-NP
+Grano NNP I-NP
+, , O
+president NN B-NP
+of IN B-PP
+retail JJ B-NP
+sales NNS I-NP
+and CC O
+marketing NN B-NP
+at IN B-PP
+PaineWebber NNP B-NP
+Group NNP I-NP
+Inc. NNP I-NP
+, , O
+still RB B-ADVP
+thinks VBZ B-VP
+that IN B-SBAR
+individual JJ B-NP
+investors NNS I-NP
+will MD B-VP
+eventually RB I-VP
+go VB I-VP
+back RB B-ADVP
+into IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+. . O
+
+Investors NNS B-NP
+will MD B-VP
+develop VB I-VP
+`` `` O
+thicker JJR B-NP
+skins NNS I-NP
+, , O
+'' '' O
+and CC O
+their PRP$ B-NP
+confidence NN I-NP
+will MD B-VP
+return VB I-VP
+, , O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+Friday NNP B-NP
+'s POS B-NP
+plunge NN I-NP
+, , O
+he PRP B-NP
+is VBZ B-VP
+telling VBG I-VP
+PaineWebber NNP B-NP
+brokers NNS I-NP
+, , O
+was VBD B-VP
+nothing NN B-ADJP
+more JJR I-ADJP
+than IN B-PP
+a DT B-NP
+`` `` I-NP
+tremendous JJ I-NP
+reaction NN I-NP
+to TO B-PP
+leveraged JJ B-NP
+buy-out NN I-NP
+stocks NNS I-NP
+. . O
+'' '' O
+
+Meanwhile RB B-ADVP
+, , O
+PaineWebber NNP B-NP
+remains VBZ B-VP
+among IN B-PP
+the DT B-NP
+leaders NNS I-NP
+in IN B-PP
+efforts NNS B-NP
+to TO B-VP
+simply RB I-VP
+persuade VB I-VP
+investors NNS B-NP
+to TO B-VP
+keep VB I-VP
+giving VBG I-VP
+Wall NNP B-NP
+Street NNP I-NP
+their PRP$ B-NP
+money NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+more JJR B-NP
+of IN B-PP
+an DT B-NP
+important JJ I-NP
+issue NN I-NP
+to TO B-VP
+keep VB I-VP
+control NN B-NP
+of IN B-PP
+those DT B-NP
+assets NNS I-NP
+, , O
+rather RB B-CONJP
+than IN I-CONJP
+push NN B-VP
+the DT B-NP
+investor NN I-NP
+to TO B-VP
+move VB I-VP
+into IN B-PP
+-LRB- ( O
+specific JJ O
+-RRB- ) O
+products NNS B-NP
+such JJ B-PP
+as IN I-PP
+equities NNS B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Grano NNP I-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+The DT B-NP
+equity NN I-NP
+decision NN I-NP
+will MD B-VP
+come VB I-VP
+when WRB B-ADVP
+the DT B-NP
+client NN I-NP
+is VBZ B-VP
+ready JJ B-ADJP
+and CC O
+when WRB B-ADVP
+there EX B-NP
+'s VBZ B-VP
+a DT B-NP
+semblance NN I-NP
+of IN B-PP
+confidence NN B-NP
+. . O
+'' '' O
+
+It PRP B-NP
+could MD B-VP
+be VB I-VP
+a DT B-NP
+long JJ I-NP
+wait NN I-NP
+, , O
+say VBP B-VP
+some DT B-NP
+industry NN I-NP
+observers NNS I-NP
+. . O
+
+`` `` O
+Some DT B-NP
+investors NNS I-NP
+will MD B-VP
+tiptoe VB I-VP
+back RB B-ADVP
+in IN B-ADVP
+, , O
+'' '' O
+says VBZ B-VP
+Richard NNP B-NP
+Ross NNP I-NP
+, , O
+a DT B-NP
+market NN I-NP
+research NN I-NP
+director NN I-NP
+for IN B-PP
+Elrick NNP B-NP
+& CC I-NP
+Lavidge NNP I-NP
+in IN B-PP
+Chicago NNP B-NP
+. . O
+
+`` `` O
+Then RB O
+there EX B-NP
+'ll MD B-VP
+be VB I-VP
+another DT B-NP
+swing NN I-NP
+. . O
+
+Given VBN B-PP
+enough RB B-NP
+of IN B-PP
+these DT B-NP
+, , O
+this DT B-NP
+will MD B-VP
+drive VB I-VP
+everyone NN B-NP
+out IN B-ADVP
+except IN B-PP
+the DT B-NP
+most RBS I-NP
+hardy JJ I-NP
+, , O
+'' '' O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+Mr. NNP B-NP
+Ross NNP I-NP
+, , O
+who WP B-NP
+has VBZ B-VP
+been VBN I-VP
+studying VBG I-VP
+retail JJ B-NP
+investors NNS I-NP
+' POS B-NP
+perception NN I-NP
+of IN B-PP
+risks NNS B-NP
+in IN B-PP
+the DT B-NP
+brokerage NN I-NP
+industry NN I-NP
+, , O
+said VBD B-VP
+a DT B-NP
+market NN I-NP
+plunge NN I-NP
+like IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+`` `` O
+shatters NNS B-VP
+investors NNS B-NP
+' '' B-NP
+confidence NN I-NP
+in IN B-PP
+their PRP$ B-NP
+ability NN I-NP
+to TO B-VP
+make VB I-VP
+any DT B-NP
+judgments NNS I-NP
+on IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+'' '' O
+
+The DT B-NP
+long-term JJ I-NP
+outlook NN I-NP
+for IN B-PP
+the DT B-NP
+retail JJ I-NP
+brokerage NN I-NP
+business NN I-NP
+is VBZ B-VP
+`` `` O
+miserable JJ B-ADJP
+, , O
+'' '' O
+Mr. NNP B-NP
+Ross NNP I-NP
+declares VBZ B-VP
+. . O
+
+The DT B-NP
+following VBG I-NP
+were VBD B-VP
+among IN B-PP
+yesterday NN B-NP
+'s POS B-NP
+offerings NNS I-NP
+and CC I-NP
+pricings NNS I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+and CC I-NP
+non-U.S. JJ I-NP
+capital NN I-NP
+markets NNS I-NP
+, , O
+with IN B-PP
+terms NNS B-NP
+and CC I-NP
+syndicate NN I-NP
+manager NN I-NP
+, , O
+as IN B-SBAR
+compiled VBN B-VP
+by IN B-PP
+Dow NNP B-NP
+Jones NNP I-NP
+Capital NNP I-NP
+Markets NNP I-NP
+Report NNP I-NP
+: : O
+
+Washington NNP B-NP
+, , O
+D.C. NNP B-NP
+-- : O
+
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+of IN B-PP
+general JJ B-NP
+obligation NN I-NP
+tax NN I-NP
+revenue NN I-NP
+anticipation NN I-NP
+notes NNS I-NP
+, , O
+Series NNP B-NP
+1990 CD I-NP
+, , O
+due JJ B-ADJP
+Sept. NNP B-NP
+28 CD I-NP
+, , I-NP
+1990 CD I-NP
+. . O
+
+About IN B-NP
+$ $ I-NP
+190 CD I-NP
+million CD I-NP
+were VBD B-VP
+offered VBN I-VP
+through IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc NNP I-NP
+. . O
+
+Shearson NNP B-NP
+is VBZ B-VP
+offering VBG I-VP
+the DT B-NP
+notes NNS I-NP
+as IN B-PP
+6 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+securities NNS I-NP
+priced VBN B-VP
+to TO B-VP
+yield VB I-VP
+6.15 CD B-NP
+% NN I-NP
+. . O
+
+J.P. NNP B-NP
+Morgan NNP I-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+is VBZ B-VP
+offering VBG I-VP
+the DT B-NP
+remaining VBG I-NP
+$ $ I-NP
+10 CD I-NP
+million CD I-NP
+of IN B-PP
+notes NNS B-NP
+. . O
+
+The DT B-NP
+notes NNS I-NP
+are VBP B-VP
+rated VBN I-VP
+MIG-1 JJ B-ADJP
+by IN B-PP
+Moody NNP B-NP
+'s POS B-NP
+Investors NNP I-NP
+Service NNP I-NP
+Inc NNP I-NP
+. . O
+
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+Corp. NNP I-NP
+has VBZ B-VP
+them PRP B-NP
+under IN B-PP
+review NN B-NP
+. . O
+
+Federal NNP B-NP
+National NNP I-NP
+Mortgage NNP I-NP
+Association NNP I-NP
+-- : O
+
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+of IN B-PP
+Remic NNP B-NP
+mortgage NN I-NP
+securities NNS I-NP
+being VBG B-VP
+offered VBN I-VP
+in IN B-PP
+16 CD B-NP
+classes NNS I-NP
+by IN B-PP
+Bear NNP B-NP
+, , I-NP
+Stearns NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+, , O
+Series NNP B-NP
+1989-83 CD I-NP
+, , O
+is VBZ B-VP
+backed VBN I-VP
+by IN B-PP
+Fannie NNP B-NP
+Mae NNP I-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+used VBD B-VP
+at-market JJ B-NP
+pricing NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+Fannie NNP B-NP
+Mae NNP I-NP
+issued VBD B-VP
+$ $ B-NP
+400 CD I-NP
+million CD I-NP
+of IN B-PP
+Remic NNP B-NP
+mortgage NN I-NP
+securities NNS I-NP
+in IN B-PP
+12 CD B-NP
+classes NNS I-NP
+through IN B-PP
+First NNP B-NP
+Boston NNP I-NP
+Corp NNP I-NP
+. . O
+
+The DT B-NP
+offering NN I-NP
+, , O
+Series NNP B-NP
+1989-84 CD I-NP
+, , O
+is VBZ B-VP
+backed VBN I-VP
+by IN B-PP
+Fannie NNP B-NP
+Mae NNP I-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+. . O
+
+Pricing NN B-NP
+details NNS I-NP
+were VBD B-VP
+n't RB O
+available JJ B-ADJP
+. . O
+
+The DT B-NP
+two CD I-NP
+offerings NNS I-NP
+bring VBP B-VP
+Fannie NNP B-NP
+Mae NNP I-NP
+'s POS B-NP
+1989 CD I-NP
+Remic NNP I-NP
+issuance NN I-NP
+to TO B-PP
+$ $ B-NP
+31 CD I-NP
+billion CD I-NP
+and CC O
+its PRP$ B-NP
+total JJ I-NP
+volume NN I-NP
+to TO B-PP
+$ $ B-NP
+43.3 CD I-NP
+billion CD I-NP
+since IN B-SBAR
+the DT B-NP
+program NN I-NP
+began VBD B-VP
+in IN B-PP
+April NNP B-NP
+1987 CD I-NP
+. . O
+
+Societa NNP B-NP
+per IN I-NP
+Azioni NNP I-NP
+Finanziaria NNP I-NP
+Industria NNP I-NP
+Manaifatturiera NNP I-NP
+-LRB- ( O
+Italy NNP B-NP
+-RRB- ) O
+-- : O
+
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+of IN B-PP
+9 CD B-NP
+% NN I-NP
+depository NN I-NP
+receipts NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+27 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+101.60 CD B-NP
+to TO B-VP
+yield VB I-VP
+9.07 CD B-NP
+% NN I-NP
+less JJR B-PP
+fees NNS B-NP
+, , O
+via IN B-PP
+Bankers NNP B-NP
+Trust NNP I-NP
+International NNP I-NP
+Ltd NNP I-NP
+. . O
+
+Fees NNS B-NP
+1 CD B-NP
+7\/8 CD I-NP
+. . O
+
+Mitsubishi NNP B-NP
+Corp NNP I-NP
+. . I-NP
+Finance NNP I-NP
+-LRB- ( O
+Japanese JJ B-NP
+parent NN I-NP
+-RRB- ) O
+-- : O
+
+$ $ B-NP
+100 CD I-NP
+million CD I-NP
+of IN B-PP
+8 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+1 CD I-NP
+, , I-NP
+1993 CD I-NP
+priced VBN B-VP
+at IN B-PP
+101 CD B-NP
+1\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+8.74 CD B-NP
+% NN I-NP
+annually RB B-ADVP
+less RBR B-PP
+full JJ B-NP
+fees NNS I-NP
+, , O
+via IN B-PP
+Yamaichi NNP B-NP
+International NNP I-NP
+-LRB- ( O
+Europe NNP O
+-RRB- ) O
+Ltd NNP B-NP
+. . O
+
+Fees NNS B-NP
+1 CD B-NP
+5\/8 CD I-NP
+. . O
+
+Indian NNP B-NP
+Oil NNP I-NP
+Corp NNP I-NP
+. . O
+-LRB- ( O
+India NNP B-NP
+-RRB- ) O
+-- : O
+
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+of IN B-PP
+floating-rate JJ B-NP
+notes NNS I-NP
+due JJ B-ADJP
+November NNP B-NP
+1994 CD I-NP
+, , O
+paying VBG B-VP
+six-month JJ B-NP
+London NNP I-NP
+interbank NN I-NP
+offered VBD I-NP
+rate NN I-NP
+plus CC O
+3\/16 CD B-NP
+point NN I-NP
+and CC O
+priced VBN B-VP
+at IN B-PP
+par NN B-NP
+via IN B-PP
+Credit NNP B-NP
+Suisse NNP I-NP
+First NNP I-NP
+Boston NNP I-NP
+Ltd NNP I-NP
+. . O
+
+Guaranteed VBN B-VP
+by IN B-PP
+India NNP B-NP
+. . O
+
+Fees NNS B-NP
+0.36 CD B-NP
+. . O
+
+Notes NNS B-NP
+offered VBN B-VP
+at IN B-PP
+a DT B-NP
+fixed VBN I-NP
+level NN I-NP
+of IN B-PP
+99.75 CD B-NP
+. . O
+
+National NNP B-NP
+Westminster NNP I-NP
+Bank NNP I-NP
+PLC NNP I-NP
+-LRB- ( O
+U.K. NNP B-NP
+-RRB- ) O
+-- : O
+
+# # B-NP
+200 CD I-NP
+million CD I-NP
+of IN B-PP
+undated JJ B-NP
+variable-rate JJ I-NP
+notes NNS I-NP
+priced VBN B-VP
+at IN B-PP
+par NN B-NP
+via IN B-PP
+Merill NNP B-NP
+Lynch NNP I-NP
+International NNP I-NP
+Ltd NNP I-NP
+. . O
+
+Initial JJ B-NP
+interest NN I-NP
+rate NN I-NP
+set VBN B-VP
+at IN B-PP
+0.375 CD B-NP
+point NN I-NP
+over IN B-PP
+three-month JJ B-NP
+Libor NNP I-NP
+. . O
+
+Subsequent JJ B-NP
+margins NNS I-NP
+set VBN B-VP
+by IN B-PP
+agreement NN B-NP
+between IN B-PP
+NatWest NNP B-NP
+and CC I-NP
+Merrill NNP I-NP
+. . O
+
+If IN B-SBAR
+no DT B-NP
+margin NN I-NP
+agreed VBD B-ADJP
+, , O
+there EX B-NP
+is VBZ B-VP
+a DT B-NP
+fallback NN I-NP
+rate NN I-NP
+of IN B-PP
+Libor NNP B-NP
+plus CC O
+0.75 CD B-NP
+point NN I-NP
+in IN B-PP
+years NNS B-NP
+one CD I-NP
+to TO I-NP
+15 CD I-NP
+, , O
+and CC O
+Libor NNP B-NP
+plus CC O
+1.25 CD B-NP
+point NN I-NP
+thereafter RB B-ADVP
+. . O
+
+Keihin NNP B-NP
+Electric NNP I-NP
+Express NNP I-NP
+Railway NNP I-NP
+Co NNP I-NP
+. . O
+-LRB- ( O
+Japan NNP B-NP
+-RRB- ) O
+-- : O
+
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+of IN B-PP
+bonds NNS B-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+9 CD I-NP
+, , I-NP
+1993 CD I-NP
+, , O
+with IN B-PP
+equity-purchase JJ B-NP
+warrants NNS I-NP
+, , O
+indicating VBG B-VP
+a DT B-NP
+4 CD I-NP
+% NN I-NP
+coupon NN I-NP
+at IN B-PP
+par NN B-NP
+via IN B-PP
+Yamaichi NNP B-NP
+International NNP I-NP
+-LRB- ( O
+Europe NNP O
+-RRB- ) O
+Ltd NNP B-NP
+. . O
+
+Each DT B-NP
+$ $ I-NP
+5,000 CD I-NP
+bond NN I-NP
+carries VBZ B-VP
+one CD B-NP
+warrant NN I-NP
+, , O
+exercisable JJ B-ADJP
+from IN B-PP
+Dec. NNP B-NP
+1 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , O
+through IN B-PP
+Nov. NNP B-NP
+2 CD I-NP
+, , I-NP
+1993 CD I-NP
+, , O
+to TO B-VP
+buy VB I-VP
+company NN B-NP
+shares NNS I-NP
+at IN B-PP
+an DT B-NP
+expected VBN I-NP
+premium NN I-NP
+of IN B-PP
+2 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+to TO B-PP
+the DT B-NP
+closing VBG I-NP
+share NN I-NP
+price NN I-NP
+when WRB B-ADVP
+terms NNS B-NP
+are VBP B-VP
+fixed VBN I-VP
+Oct. NNP B-NP
+24 CD I-NP
+. . O
+
+Seiren NNP B-NP
+Co NNP I-NP
+. . O
+-LRB- ( O
+Japan NNP B-NP
+-RRB- ) O
+-- : O
+
+110 CD B-NP
+million CD I-NP
+Swiss JJ I-NP
+francs NNS I-NP
+of IN B-PP
+privately RB B-NP
+placed VBN I-NP
+convertible JJ I-NP
+notes NNS I-NP
+due JJ B-ADJP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+with IN B-PP
+an DT B-NP
+indicated VBD I-NP
+0.25 CD I-NP
+% NN I-NP
+coupon NN I-NP
+at IN B-PP
+par NN B-NP
+, , O
+via IN B-PP
+Bank NNP B-NP
+Leu NNP I-NP
+Ltd NNP I-NP
+. . O
+
+Put VB B-NP
+option NN I-NP
+on IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+at IN B-PP
+an DT B-NP
+indicated VBD I-NP
+109 CD I-NP
+to TO B-VP
+yield VB I-VP
+3.865 CD B-NP
+% NN I-NP
+. . O
+
+Callable JJ B-ADJP
+on IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+at IN B-PP
+109 CD B-NP
+, , O
+also RB B-VP
+beginning VBG I-VP
+Sept. NNP B-NP
+30 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+from IN B-PP
+101 CD B-NP
+1\/2 CD I-NP
+and CC O
+declining VBG B-VP
+half PDT B-NP
+a DT I-NP
+point NN I-NP
+semiannually RB B-ADVP
+to TO B-PP
+par NN B-NP
+. . O
+
+Each DT B-NP
+50,000 CD I-NP
+Swiss JJ I-NP
+franc NN I-NP
+note NN I-NP
+is VBZ B-VP
+convertible JJ B-ADJP
+from IN B-PP
+Nov. NNP B-NP
+20 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , O
+to TO B-PP
+March NNP B-NP
+17 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+at IN B-PP
+an DT B-NP
+indicated VBN I-NP
+5 NN I-NP
+% NN I-NP
+premium NN I-NP
+over IN B-PP
+the DT B-NP
+closing VBG I-NP
+share NN I-NP
+price NN I-NP
+Oct. NNP B-NP
+25 CD I-NP
+, , O
+when WRB B-ADVP
+terms NNS B-NP
+are VBP B-VP
+scheduled VBN I-VP
+to TO I-VP
+be VB I-VP
+fixed VBN I-VP
+. . O
+
+N. NNP B-NP
+Nomura NNP I-NP
+& CC I-NP
+Co NNP I-NP
+. . O
+-LRB- ( O
+Japan NNP B-NP
+-RRB- ) O
+-- : O
+
+50 CD B-NP
+million CD I-NP
+Swiss JJ I-NP
+francs NNS I-NP
+of IN B-PP
+privately RB B-NP
+placed VBN I-NP
+convertible JJ I-NP
+notes NNS I-NP
+due JJ B-ADJP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+with IN B-PP
+an DT B-NP
+indicated VBD I-NP
+0.5 CD I-NP
+% NN I-NP
+coupon NN I-NP
+at IN B-PP
+par NN B-NP
+, , O
+via IN B-PP
+Bank NNP B-NP
+Julius NNP I-NP
+Baer NNP I-NP
+. . O
+
+Put VB B-NP
+option NN I-NP
+on IN B-PP
+March NNP B-NP
+31 CD I-NP
+, , I-NP
+1992 CD I-NP
+, , O
+at IN B-PP
+an DT B-NP
+indicated VBD I-NP
+108 CD I-NP
+1\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+3.846 CD B-NP
+% NN I-NP
+. . O
+
+Each DT B-NP
+50,000 CD I-NP
+Swiss JJ I-NP
+franc NN I-NP
+note NN I-NP
+is VBZ B-VP
+convertible JJ B-ADJP
+from IN B-PP
+Nov. NNP B-NP
+20 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , O
+to TO B-PP
+March NNP B-NP
+17 CD I-NP
+, , I-NP
+1994 CD I-NP
+, , O
+at IN B-PP
+a DT B-NP
+5 NN I-NP
+% NN I-NP
+premium NN I-NP
+over IN B-PP
+the DT B-NP
+closing VBG I-NP
+share NN I-NP
+price NN I-NP
+Oct. NNP B-NP
+21 CD I-NP
+, , O
+when WRB B-ADVP
+terms NNS B-NP
+are VBP B-VP
+scheduled VBN I-VP
+to TO I-VP
+be VB I-VP
+fixed VBN I-VP
+. . O
+
+Aegon NNP B-NP
+N.V NNP I-NP
+. . O
+-LRB- ( O
+Netherlands NNP B-NP
+-RRB- ) O
+-- : O
+
+250 CD B-NP
+million CD I-NP
+Dutch JJ I-NP
+guilders NNS I-NP
+of IN B-PP
+7 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+bonds NNS I-NP
+due JJ B-ADJP
+Nov. NNP B-NP
+15 CD I-NP
+, , I-NP
+1999 CD I-NP
+, , O
+priced VBN B-VP
+at IN B-PP
+101 CD B-NP
+1\/4 CD I-NP
+to TO B-VP
+yield VB I-VP
+7.57 CD B-NP
+% NN I-NP
+at IN B-PP
+issue NN B-NP
+price NN I-NP
+and CC O
+7.86 CD B-NP
+% NN I-NP
+less RBR B-PP
+full JJ B-NP
+fees NNS I-NP
+, , O
+via IN B-PP
+AMRO NNP B-NP
+Bank NNP I-NP
+. . O
+
+Fees NNS B-NP
+2 CD B-NP
+. . O
+
+Continental NNP B-NP
+Airlines NNPS I-NP
+-- : O
+
+a DT B-NP
+four-part JJ I-NP
+, , I-NP
+$ $ I-NP
+71 CD I-NP
+million CD I-NP
+issue NN I-NP
+of IN B-PP
+secured VBN B-NP
+equipment NN I-NP
+certificates NNS I-NP
+priced VBN B-VP
+through IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc NNP I-NP
+. . O
+
+The DT B-NP
+size NN I-NP
+of IN B-PP
+the DT B-NP
+issue NN I-NP
+was VBD B-VP
+decreased VBN I-VP
+from IN B-PP
+an DT B-NP
+originally RB I-NP
+planned VBN I-NP
+$ $ I-NP
+95.2 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+a DT B-NP
+planned VBN I-NP
+two-part JJ I-NP
+offering NN I-NP
+of IN B-PP
+$ $ B-NP
+58 CD I-NP
+million CD I-NP
+in IN B-PP
+unsecured JJ B-NP
+notes NNS I-NP
+was VBD B-VP
+n't RB I-VP
+offered VBN I-VP
+. . O
+
+The DT B-NP
+first JJ I-NP
+part NN I-NP
+, , O
+consisting VBG B-VP
+of IN B-PP
+$ $ B-NP
+2.5 CD I-NP
+million CD I-NP
+of IN B-PP
+11 CD B-NP
+1\/4 CD I-NP
+% NN I-NP
+secured VBD I-NP
+equipment NN I-NP
+certificates NNS I-NP
+due JJ B-ADJP
+June NNP B-NP
+15 CD I-NP
+, , I-NP
+1990 CD I-NP
+, , O
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+98.481 CD B-NP
+with IN B-PP
+a DT B-NP
+yield NN I-NP
+to TO B-PP
+maturity NN B-NP
+of IN B-PP
+13.75 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+second JJ I-NP
+part NN I-NP
+, , O
+consisting VBG B-VP
+of IN B-PP
+$ $ B-NP
+28 CD I-NP
+million CD I-NP
+of IN B-PP
+11 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+secured VBD I-NP
+equipment NN I-NP
+certificates NNS I-NP
+due JJ B-ADJP
+June NNP B-NP
+15 CD I-NP
+, , I-NP
+1995 CD I-NP
+, , O
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+87.026 CD B-NP
+with IN B-PP
+a DT B-NP
+yield NN I-NP
+to TO B-PP
+maturity NN B-NP
+of IN B-PP
+15.25 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+third JJ I-NP
+part NN I-NP
+, , O
+consisting VBG B-VP
+of IN B-PP
+$ $ B-NP
+18.5 CD I-NP
+million CD I-NP
+of IN B-PP
+12 CD B-NP
+1\/8 CD I-NP
+% NN I-NP
+secured VBD I-NP
+equipment NN I-NP
+certificates NNS I-NP
+due JJ B-ADJP
+April NNP B-NP
+15 CD I-NP
+, , I-NP
+1996 CD I-NP
+, , O
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+85.60 CD B-NP
+with IN B-PP
+a DT B-NP
+yield NN I-NP
+to TO B-PP
+maturity NN B-NP
+of IN B-PP
+15.75 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+fourth JJ I-NP
+part NN I-NP
+, , O
+consisting VBG B-VP
+of IN B-PP
+$ $ B-NP
+22 CD I-NP
+million CD I-NP
+of IN B-PP
+12 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+secured VBD I-NP
+equipment NN I-NP
+certificates NNS I-NP
+due JJ B-ADJP
+April NNP B-NP
+15 CD I-NP
+, , I-NP
+1999 CD I-NP
+, , O
+was VBD B-VP
+priced VBN I-VP
+at IN B-PP
+85.339 CD B-NP
+with IN B-PP
+a DT B-NP
+yield NN I-NP
+to TO B-PP
+maturity NN B-NP
+of IN B-PP
+15.50 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+issue NN I-NP
+was VBD B-VP
+rated VBN I-VP
+single-B-2 JJ B-ADJP
+by IN B-PP
+Moody NNP B-NP
+'s POS B-NP
+and CC O
+single-B JJ B-ADJP
+by IN B-PP
+S&P NNP B-NP
+. . O
+
+All DT B-NP
+parts NNS I-NP
+of IN B-PP
+the DT B-NP
+issue NN I-NP
+are VBP B-VP
+callable JJ B-ADJP
+at IN B-PP
+any DT B-NP
+time NN I-NP
+at IN B-PP
+par NN B-NP
+. . O
+
+Continental NNP B-NP
+Airlines NNPS I-NP
+is VBZ B-VP
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Texas NNP B-NP
+Air NNP I-NP
+Corp NNP I-NP
+. . O
+
+John NNP B-NP
+V. NNP I-NP
+Holmes NNP I-NP
+, , O
+an DT B-NP
+investment-newsletter NN I-NP
+publisher NN I-NP
+, , O
+and CC O
+three CD B-NP
+venture-capital JJ I-NP
+firms NNS I-NP
+he PRP B-NP
+organized VBD B-VP
+were VBD B-VP
+enjoined VBN I-VP
+from IN B-PP
+violating VBG B-VP
+the DT B-NP
+registration NN I-NP
+provisions NNS I-NP
+of IN B-PP
+the DT B-NP
+securities NNS I-NP
+laws NNS I-NP
+governing VBG B-VP
+investment NN B-NP
+companies NNS I-NP
+. . O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+an DT B-NP
+agreement NN I-NP
+that WDT B-NP
+settled VBD B-VP
+charges NNS B-NP
+brought VBN B-VP
+by IN B-PP
+the DT B-NP
+Securities NNP I-NP
+and CC I-NP
+Exchange NNP I-NP
+Commission NNP I-NP
+, , O
+a DT B-NP
+receiver NN I-NP
+was VBD B-VP
+also RB I-VP
+appointed VBN I-VP
+for IN B-PP
+the DT B-NP
+three CD I-NP
+venture-capital JJ I-NP
+firms NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Holmes NNP I-NP
+was VBD B-VP
+the DT B-NP
+subject NN I-NP
+of IN B-PP
+a DT B-NP
+page NN I-NP
+one CD I-NP
+profile NN I-NP
+in IN B-PP
+The DT B-NP
+Wall NNP I-NP
+Street NNP I-NP
+Journal NNP I-NP
+in IN B-PP
+1984 CD B-NP
+, , O
+after IN B-SBAR
+the DT B-NP
+SEC NNP I-NP
+questioned VBD B-VP
+him PRP B-NP
+about IN B-PP
+ties NNS B-NP
+between IN B-PP
+him PRP B-NP
+and CC O
+companies NNS B-NP
+he PRP B-NP
+touted VBD B-VP
+in IN B-PP
+a DT B-NP
+newsletter NN I-NP
+. . O
+
+In IN B-PP
+1986 CD B-NP
+, , O
+in IN B-PP
+another DT B-NP
+consent NN I-NP
+agreement NN I-NP
+with IN B-PP
+the DT B-NP
+SEC NNP I-NP
+, , O
+Mr. NNP B-NP
+Holmes NNP I-NP
+was VBD B-VP
+enjoined VBN I-VP
+from IN B-PP
+violating VBG B-VP
+the DT B-NP
+stock-registration NN I-NP
+and CC I-NP
+anti-fraud JJ I-NP
+provisions NNS I-NP
+of IN B-PP
+the DT B-NP
+securities NNS I-NP
+laws NNS I-NP
+. . O
+
+Without IN B-PP
+any DT B-NP
+admission NN I-NP
+or CC I-NP
+denial NN I-NP
+of IN B-PP
+guilt NN B-NP
+by IN B-PP
+Mr. NNP B-NP
+Holmes NNP I-NP
+, , O
+that DT B-NP
+agreement NN I-NP
+settled VBD B-VP
+SEC NNP B-NP
+charges NNS I-NP
+that IN B-SBAR
+Mr. NNP B-NP
+Holmes NNP I-NP
+sold VBD B-VP
+unregistered JJ B-NP
+securities NNS I-NP
+and CC O
+misled VBD B-VP
+investors NNS B-NP
+. . O
+
+In IN B-PP
+charges NNS B-NP
+filed VBD B-VP
+last JJ B-NP
+week NN I-NP
+in IN B-PP
+federal JJ B-NP
+district NN I-NP
+court NN I-NP
+in IN B-PP
+Charlotte NNP B-NP
+, , O
+N.C. NNP B-NP
+, , O
+the DT B-NP
+SEC NNP I-NP
+alleged VBD B-VP
+that IN B-SBAR
+Venture NNP B-NP
+Capitalists NNPS I-NP
+Inc. NNP I-NP
+, , O
+Venture NNP B-NP
+Finance NNP I-NP
+Corp. NNP I-NP
+and CC O
+New NNP B-NP
+Ventures NNP I-NP
+Fund NNP I-NP
+Inc. NNP I-NP
+, , O
+all DT B-NP
+of IN B-PP
+Charlotte NNP B-NP
+, , O
+failed VBD B-VP
+repeatedly RB I-VP
+to TO I-VP
+file VB I-VP
+proper JJ B-NP
+documents NNS I-NP
+. . O
+
+The DT B-NP
+SEC NNP I-NP
+also RB B-ADVP
+charged VBD B-VP
+that IN B-SBAR
+Mr. NNP B-NP
+Holmes NNP I-NP
+acted VBD B-VP
+as IN B-PP
+an DT B-NP
+officer NN I-NP
+or CC I-NP
+director NN I-NP
+of IN B-PP
+New NNP B-NP
+Ventures NNP I-NP
+, , O
+in IN B-PP
+violation NN B-NP
+of IN B-PP
+his PRP$ B-NP
+previous JJ I-NP
+consent NN I-NP
+agreement NN I-NP
+. . O
+
+`` `` O
+Some DT B-NP
+companies NNS I-NP
+were VBD B-VP
+delinquent JJ B-ADJP
+in IN B-PP
+filings NNS B-NP
+and CC O
+other JJ B-NP
+actions NNS I-NP
+, , O
+all DT B-NP
+of IN B-PP
+which WDT B-NP
+cost VBP B-VP
+money NN B-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Holmes NNP I-NP
+said VBD B-VP
+. . O
+
+Two CD B-NP
+of IN B-PP
+Mr. NNP B-NP
+Holmes NNP I-NP
+'s POS B-NP
+business NN I-NP
+associates NNS I-NP
+who WP B-NP
+worked VBD B-VP
+for IN B-PP
+Venture NNP B-NP
+Capitalists NNPS I-NP
+, , O
+Kimberly NNP B-NP
+Ann NNP I-NP
+Smith NNP I-NP
+and CC O
+Frederick NNP B-NP
+Byrum NNP I-NP
+, , O
+also RB B-ADVP
+consented VBD B-VP
+to TO I-VP
+being VBG I-VP
+enjoined VBN I-VP
+from IN B-PP
+violations NNS B-NP
+of IN B-PP
+registration NN B-NP
+provisions NNS I-NP
+of IN B-PP
+the DT B-NP
+securities NNS I-NP
+laws NNS I-NP
+. . O
+
+Ms. NNP B-NP
+Smith NNP I-NP
+also RB B-ADVP
+agreed VBD B-VP
+to TO B-PP
+a DT B-NP
+permanent JJ I-NP
+injunction NN I-NP
+barring VBG B-VP
+her PRP B-NP
+from IN B-PP
+acting VBG B-VP
+as IN B-PP
+an DT B-NP
+officer NN I-NP
+, , I-NP
+director NN I-NP
+or CC I-NP
+investment NN I-NP
+adviser NN I-NP
+of IN B-PP
+any DT B-NP
+mutual JJ I-NP
+fund NN I-NP
+, , I-NP
+unit NN I-NP
+investment NN I-NP
+trust NN I-NP
+or CC I-NP
+face-amount JJ I-NP
+certificate NN I-NP
+company NN I-NP
+. . O
+
+Mr. NNP B-NP
+Byrum NNP I-NP
+and CC O
+Ms. NNP B-NP
+Smith NNP I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+comment NN B-NP
+. . O
+
+In IN B-PP
+consenting VBG B-VP
+to TO B-PP
+the DT B-NP
+injunctions NNS I-NP
+, , O
+none NN B-NP
+of IN B-PP
+the DT B-NP
+individuals NNS I-NP
+or CC I-NP
+companies NNS I-NP
+admitted VBD B-VP
+or CC I-VP
+denied VBD I-VP
+the DT B-NP
+allegations NNS I-NP
+. . O
+
+Senate NNP B-NP
+Republicans NNPS I-NP
+have VBP B-VP
+settled VBN I-VP
+on IN B-PP
+a DT B-NP
+proposal NN I-NP
+that WDT B-NP
+would MD B-VP
+cut VB I-VP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+for IN B-PP
+individuals NNS B-NP
+and CC I-NP
+corporations NNS I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+a DT B-NP
+small JJ I-NP
+group NN I-NP
+of IN B-PP
+Senate NNP B-NP
+Democrats NNPS I-NP
+are VBP B-VP
+working VBG I-VP
+on IN B-PP
+a DT B-NP
+similar JJ I-NP
+plan NN I-NP
+and CC O
+may MD B-VP
+introduce VB I-VP
+it PRP B-NP
+soon RB B-ADVP
+. . O
+
+Sen. NNP B-NP
+Bob NNP I-NP
+Packwood NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Ore. NNP B-NP
+-RRB- ) O
+, , O
+the DT B-NP
+lead NN I-NP
+sponsor NN I-NP
+of IN B-PP
+the DT B-NP
+GOP NNP I-NP
+proposal NN I-NP
+, , O
+said VBD B-VP
+he PRP B-NP
+intends VBZ B-VP
+to TO I-VP
+unveil VB I-VP
+the DT B-NP
+plan NN I-NP
+today NN B-NP
+and CC O
+to TO B-VP
+offer VB I-VP
+it PRP B-NP
+as IN B-PP
+an DT B-NP
+amendment NN I-NP
+to TO B-PP
+whatever WDT B-NP
+legislation NN I-NP
+comes VBZ B-VP
+along IN B-ADVP
+, , O
+particularly RB B-ADVP
+this DT B-NP
+month NN I-NP
+'s POS B-NP
+bill NN I-NP
+to TO B-VP
+raise VB I-VP
+the DT B-NP
+federal JJ I-NP
+borrowing NN I-NP
+limit NN I-NP
+. . O
+
+He PRP B-NP
+gave VBD B-VP
+10-to-1 JJ B-NP
+odds NNS I-NP
+that IN B-SBAR
+a DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+cut VB I-NP
+of IN B-PP
+some DT B-NP
+sort NN I-NP
+would MD B-VP
+be VB I-VP
+approved VBN I-VP
+this DT B-NP
+year NN I-NP
+, , O
+though IN B-SBAR
+it PRP B-NP
+probably RB B-ADVP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+included VBN I-VP
+in IN B-PP
+the DT B-NP
+pending VBG I-NP
+deficit-reduction NN I-NP
+bill NN I-NP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+he PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+talk VB I-VP
+to TO B-PP
+the DT B-NP
+Democrats NNPS I-NP
+who WP B-NP
+also RB B-ADVP
+wanted VBD B-VP
+to TO I-VP
+cut VB I-VP
+the DT B-NP
+gains NNS I-NP
+tax VBP I-NP
+about IN B-PP
+drafting VBG B-VP
+a DT B-NP
+joint JJ I-NP
+proposal NN I-NP
+. . O
+
+For IN B-PP
+individuals NNS B-NP
+, , O
+the DT B-NP
+Packwood NNP I-NP
+plan NN I-NP
+would MD B-VP
+exclude VB I-VP
+from IN B-PP
+income NN B-NP
+5 NN B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+a DT B-NP
+capital NN I-NP
+asset NN I-NP
+held VBN B-VP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+one CD I-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+exclusion NN I-NP
+would MD B-VP
+rise VB I-VP
+five CD B-NP
+percentage NN I-NP
+points NNS I-NP
+for IN B-PP
+each DT B-NP
+year NN I-NP
+the DT B-NP
+asset NN I-NP
+was VBD B-VP
+held VBN I-VP
+until IN B-SBAR
+it PRP B-NP
+reached VBD B-VP
+a DT B-NP
+maximum NN I-NP
+of IN B-PP
+35 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+exclusion NN I-NP
+would MD B-VP
+apply VB I-VP
+to TO B-PP
+assets NNS B-NP
+sold VBN B-VP
+after IN B-PP
+Oct. NNP B-NP
+1 CD I-NP
+, , I-NP
+1989 CD I-NP
+. . O
+
+As IN B-PP
+an DT B-NP
+alternative NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+, , O
+taxpayers NNS B-NP
+could MD B-VP
+chose VBD I-VP
+to TO I-VP
+reduce VB I-VP
+their PRP$ B-NP
+gains NNS I-NP
+by IN B-PP
+an DT B-NP
+inflation NN I-NP
+index NN I-NP
+. . O
+
+For IN B-PP
+corporations NNS B-NP
+, , O
+the DT B-NP
+top JJ I-NP
+tax NN I-NP
+rate NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+assets NNS B-NP
+held VBN B-VP
+for IN B-PP
+more JJR B-NP
+than IN I-NP
+three CD I-NP
+years NNS I-NP
+would MD B-VP
+be VB I-VP
+cut VBN I-VP
+to TO B-PP
+33 CD B-NP
+% NN I-NP
+from IN B-PP
+the DT B-NP
+current JJ I-NP
+top JJ I-NP
+rate NN I-NP
+of IN B-PP
+34 CD B-NP
+% NN I-NP
+. . O
+
+That DT B-NP
+rate NN I-NP
+would MD B-VP
+gradually RB I-VP
+decline VB I-VP
+to TO B-PP
+as RB B-NP
+little JJ I-NP
+as IN I-NP
+29 CD I-NP
+% NN I-NP
+for IN B-PP
+corporate JJ B-NP
+assets NNS I-NP
+held VBN B-VP
+for IN B-PP
+15 CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+Packwood NNP I-NP
+plan NN I-NP
+would MD B-VP
+also RB I-VP
+include VB I-VP
+a DT B-NP
+proposal NN I-NP
+, , O
+designed VBN B-VP
+by IN B-PP
+Sen. NNP B-NP
+William NNP I-NP
+Roth NNP I-NP
+-LRB- ( O
+R. NNP B-NP
+, , O
+Del. NNP B-NP
+-RRB- ) O
+, , O
+that WDT B-NP
+would MD B-VP
+expand VB I-VP
+and CC I-VP
+alter VB I-VP
+the DT B-NP
+deduction NN I-NP
+for IN B-PP
+individual JJ B-NP
+retirement NN I-NP
+accounts NNS I-NP
+. . O
+
+The DT B-NP
+Roth NNP I-NP
+plan NN I-NP
+would MD B-VP
+create VB I-VP
+a DT B-NP
+new JJ I-NP
+, , I-NP
+non-deductible JJ I-NP
+IRA NNP I-NP
+from IN B-PP
+which WDT B-NP
+money NN B-NP
+could MD B-VP
+be VB I-VP
+withdrawn VBN I-VP
+tax-free JJ B-ADVP
+not RB B-CONJP
+only RB O
+for IN B-PP
+retirement NN B-NP
+, , O
+but CC B-CONJP
+also RB I-CONJP
+for IN B-PP
+the DT B-NP
+purchase NN I-NP
+of IN B-PP
+a DT B-NP
+first JJ I-NP
+home NN I-NP
+and CC O
+to TO B-VP
+pay VB I-VP
+education NN B-NP
+and CC I-NP
+medical JJ I-NP
+expenses NNS I-NP
+. . O
+
+Current JJ B-NP
+IRAs NNS I-NP
+could MD B-VP
+be VB I-VP
+rolled VBN I-VP
+over IN B-ADVP
+into IN B-PP
+the DT B-NP
+new JJ I-NP
+IRAs NNS I-NP
+but CC O
+would MD B-VP
+be VB I-VP
+subject NN B-ADJP
+to TO B-PP
+tax VB B-NP
+. . O
+
+For IN B-PP
+their PRP$ B-NP
+part NN I-NP
+, , O
+the DT B-NP
+group NN I-NP
+of IN B-PP
+Democrats NNPS B-NP
+are VBP B-VP
+working VBG I-VP
+on IN B-PP
+a DT B-NP
+plan NN I-NP
+that IN B-NP
+, , O
+like IN B-PP
+the DT B-NP
+Packwood NNP I-NP
+proposal NN I-NP
+, , O
+would MD B-VP
+grant VB I-VP
+larger JJR B-NP
+exclusions NNS I-NP
+to TO B-PP
+assets NNS B-NP
+the DT B-ADVP
+longer RB I-ADVP
+they PRP B-NP
+were VBD B-VP
+held VBN I-VP
+by IN B-PP
+individuals NNS B-NP
+and CC I-NP
+companies NNS I-NP
+. . O
+
+Newly RB B-NP
+acquired VBN I-NP
+assets NNS I-NP
+would MD B-VP
+get VB I-VP
+a DT B-NP
+bigger JJR I-NP
+break NN I-NP
+than IN B-PP
+those DT B-NP
+currently RB B-VP
+held VBN I-VP
+. . O
+
+An DT B-NP
+extra JJ I-NP
+exclusion NN I-NP
+would MD B-VP
+be VB I-VP
+given VBN I-VP
+to TO B-PP
+long-held JJ B-NP
+stock NN I-NP
+in IN B-PP
+small JJ B-NP
+and CC I-NP
+medium-size JJ I-NP
+corporations NNS I-NP
+just RB B-VP
+starting VBG I-VP
+up RB B-PRT
+. . O
+
+No DT B-NP
+one CD I-NP
+in IN B-PP
+the DT B-NP
+Senate NNP I-NP
+is VBZ B-VP
+considering VBG I-VP
+the DT B-NP
+capital-gains NNS I-NP
+plan VBP I-NP
+passed VBN B-VP
+by IN B-PP
+the DT B-NP
+House NNP I-NP
+. . O
+
+That DT B-NP
+plan NN I-NP
+would MD B-VP
+provide VB I-VP
+a DT B-NP
+30 CD I-NP
+% NN I-NP
+exclusion NN I-NP
+to TO B-PP
+assets NNS B-NP
+sold VBN B-VP
+over IN B-PP
+a DT B-NP
+2 CD I-NP
+1\/2-year JJ I-NP
+period NN I-NP
+ending VBG B-VP
+Dec. NNP B-NP
+31 CD I-NP
+, , I-NP
+1991 CD I-NP
+. . O
+
+After IN B-PP
+then RB B-NP
+, , O
+the DT B-NP
+House NNP I-NP
+measure NN I-NP
+would MD B-VP
+boost VB I-VP
+the DT B-NP
+tax NN I-NP
+rate NN I-NP
+to TO B-PP
+28 CD B-NP
+% NN I-NP
+and CC O
+exclude VB B-VP
+from IN B-PP
+tax NN B-NP
+the DT B-NP
+gain NN I-NP
+attributable JJ B-ADJP
+to TO B-PP
+inflation NN B-NP
+. . O
+
+Senators NNS B-NP
+are VBP B-VP
+focusing VBG I-VP
+on IN B-PP
+making VBG B-VP
+a DT B-NP
+capital-gains NNS I-NP
+differential JJ I-NP
+permanent JJ B-ADJP
+. . O
+
+Separately RB B-ADVP
+, , O
+Chairman NNP B-NP
+Dan NNP I-NP
+Rostenkowski NNP I-NP
+-LRB- ( O
+D. NNP B-NP
+, , O
+Ill NNP B-NP
+. . O
+-RRB- ) O
+of IN B-PP
+the DT B-NP
+House NNP I-NP
+Ways NNPS I-NP
+and CC I-NP
+Means NNP I-NP
+Committee NNP I-NP
+said VBD B-VP
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+want VB I-VP
+the DT B-NP
+capital-gains NNS I-NP
+tax VBP I-NP
+cut VB I-NP
+or CC O
+any DT B-NP
+other JJ I-NP
+amendments NNS I-NP
+attached VBN B-VP
+to TO B-PP
+the DT B-NP
+pending VBG I-NP
+bill NN I-NP
+raising VBG B-VP
+the DT B-NP
+federal JJ I-NP
+borrowing NN I-NP
+limit NN I-NP
+. . O
+
+The DT B-NP
+current JJ I-NP
+debt NN I-NP
+limit NN I-NP
+expires VBZ B-VP
+Oct. NNP B-NP
+31 CD I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+urged VBD B-VP
+House NNP B-NP
+and CC I-NP
+Senate NNP I-NP
+negotiators NNS I-NP
+to TO B-VP
+rid VB I-VP
+the DT B-NP
+deficit-reduction NN I-NP
+bill NN I-NP
+of IN B-PP
+all DT B-NP
+provisions NNS I-NP
+that WDT B-NP
+increase VBP B-VP
+the DT B-NP
+budget NN I-NP
+deficit NN I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+House-passed JJ I-NP
+capital-gains NNS I-NP
+provision NN I-NP
+. . O
+
+From IN B-PP
+a DT B-NP
+helicopter NN I-NP
+a DT B-NP
+thousand CD I-NP
+feet NNS I-NP
+above IN B-PP
+Oakland NNP B-NP
+after IN B-PP
+the DT B-NP
+second-deadliest JJ I-NP
+earthquake NN I-NP
+in IN B-PP
+U.S. NNP B-NP
+history NN I-NP
+, , O
+a DT B-NP
+scene NN I-NP
+of IN B-PP
+devastation NN B-NP
+emerges VBZ B-VP
+: : O
+a DT B-NP
+freeway NN I-NP
+crumbled VBD B-VP
+into IN B-PP
+a DT B-NP
+concrete JJ I-NP
+sandwich NN I-NP
+, , O
+hoses NNS B-NP
+pumping VBG B-VP
+water NN B-NP
+into IN B-PP
+once-fashionable JJ B-NP
+apartments NNS I-NP
+, , O
+abandoned VBN B-NP
+autos NNS I-NP
+. . O
+
+But CC O
+this DT B-NP
+quake NN I-NP
+was VBD B-VP
+n't RB O
+the DT B-NP
+big JJ I-NP
+one CD I-NP
+, , O
+the DT B-NP
+replay NN I-NP
+of IN B-PP
+1906 CD B-NP
+that WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+feared VBN I-VP
+for IN B-PP
+so RB B-NP
+many JJ I-NP
+years NNS I-NP
+. . O
+
+Despite IN B-PP
+the DT B-NP
+tragic JJ I-NP
+loss NN I-NP
+of IN B-PP
+more JJR B-NP
+than IN I-NP
+270 CD I-NP
+lives NNS I-NP
+, , O
+and CC O
+damage NN B-NP
+estimated VBN B-VP
+in IN B-PP
+the DT B-NP
+billions NNS I-NP
+, , O
+most RBS B-NP
+businesses NNS I-NP
+and CC O
+their PRP$ B-NP
+plants NNS I-NP
+and CC I-NP
+offices NNS I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+were VBD B-VP
+n't RB I-VP
+greatly RB I-VP
+affected VBN I-VP
+. . O
+
+The DT B-NP
+economic JJ I-NP
+life NN I-NP
+of IN B-PP
+the DT B-NP
+region NN I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+revive VB I-VP
+in IN B-PP
+a DT B-NP
+day NN I-NP
+or CC I-NP
+two CD I-NP
+, , O
+although IN B-SBAR
+some DT B-NP
+transportation NN I-NP
+problems NNS I-NP
+may MD B-VP
+last VB I-VP
+weeks NNS B-NP
+or CC I-NP
+months NNS I-NP
+. . O
+
+A DT B-NP
+main JJ I-NP
+factor NN I-NP
+mitigating VBG B-VP
+more RBR B-NP
+widespread JJ I-NP
+damage NN I-NP
+was VBD B-VP
+the DT B-NP
+location NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+'s POS B-NP
+epicenter NN I-NP
+-- : O
+20 CD B-NP
+miles NNS I-NP
+from IN B-PP
+the DT B-NP
+heart NN I-NP
+of IN B-PP
+the DT B-NP
+Silicon NNP I-NP
+Valley NNP I-NP
+and CC B-PP
+more JJR B-NP
+than IN I-NP
+50 CD I-NP
+miles NNS I-NP
+from IN B-PP
+downtown NN B-NP
+San NNP I-NP
+Francisco NNP I-NP
+and CC O
+Oakland NNP B-NP
+. . O
+
+Also RB B-ADVP
+, , O
+the DT B-NP
+region NN I-NP
+'s POS B-NP
+insistence NN I-NP
+on IN B-PP
+strict JJ B-NP
+building NN I-NP
+codes NNS I-NP
+helped VBD B-VP
+prevent VB I-VP
+wider JJR B-NP
+damage NN I-NP
+. . O
+
+The DT B-NP
+tremendous JJ I-NP
+energy NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+was VBD B-VP
+dissipated VBN I-VP
+by IN B-PP
+the DT B-NP
+distance NN I-NP
+, , O
+so RB B-SBAR
+that IN I-SBAR
+most RBS B-NP
+parts NNS I-NP
+of IN B-PP
+the DT B-NP
+valley NN I-NP
+and CC O
+the DT B-NP
+major JJ I-NP
+cities NNS I-NP
+suffered VBD B-VP
+largely RB B-NP
+cosmetic JJ I-NP
+damage NN I-NP
+-- : O
+broken VBN B-NP
+windows NNS I-NP
+, , O
+falling VBG B-NP
+brick NN I-NP
+and CC I-NP
+cornices NNS I-NP
+, , O
+buckled VBD B-NP
+asphalt NN I-NP
+or CC I-NP
+sidewalks NNS I-NP
+. . O
+
+Of IN B-PP
+course NN B-NP
+, , O
+the DT B-NP
+quake NN I-NP
+was VBD B-VP
+the DT B-NP
+worst JJS I-NP
+since IN B-SBAR
+the DT B-NP
+emergence NN I-NP
+of IN B-PP
+the DT B-NP
+computer NN I-NP
+era NN I-NP
+turned VBD B-VP
+Silicon NNP B-NP
+Valley NNP I-NP
+into IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+capital NN I-NP
+of IN B-PP
+high JJ B-NP
+technology NN I-NP
+. . O
+
+Like IN B-PP
+other JJ B-NP
+major JJ I-NP
+American JJ I-NP
+cities NNS I-NP
+, , O
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+-- : I-NP
+Oakland NNP I-NP
+area NN I-NP
+owes VBZ B-VP
+its PRP$ B-NP
+current JJ I-NP
+prosperity NN I-NP
+more JJR B-ADVP
+to TO B-PP
+its PRP$ B-NP
+infrastructure NN I-NP
+of IN B-PP
+fiber-optic JJ B-NP
+cables NNS I-NP
+linking VBG B-VP
+thousands NNS B-NP
+of IN B-PP
+computer NN B-NP
+terminals NNS I-NP
+and CC O
+telephones NNS B-NP
+than IN B-PP
+to TO B-PP
+its PRP$ B-NP
+location NN I-NP
+astride IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+world NN I-NP
+'s POS B-NP
+great JJ I-NP
+natural JJ I-NP
+harbors NNS I-NP
+. . O
+
+When WRB B-ADVP
+the DT B-NP
+tremors NNS I-NP
+struck VBD B-VP
+, , O
+the DT B-NP
+region NN I-NP
+'s POS B-NP
+largely RB B-ADJP
+unseen JJ I-ADJP
+high-tech JJ B-NP
+fabric NN I-NP
+held VBN B-VP
+up IN B-PRT
+surprisingly RB B-ADVP
+well RB I-ADVP
+despite IN B-PP
+the DT B-NP
+devastation NN I-NP
+visible JJ B-ADJP
+from IN B-PP
+the DT B-NP
+air NN I-NP
+. . O
+
+Michael NNP B-NP
+L. NNP I-NP
+Bandler NNP I-NP
+, , O
+vice NN B-NP
+president NN I-NP
+for IN B-PP
+network NN B-NP
+technology NN I-NP
+at IN B-PP
+Pacific NNP B-NP
+Bell NNP I-NP
+Telephone NNP I-NP
+Co. NNP I-NP
+, , O
+says VBZ B-VP
+nearly RB O
+all PDT O
+the DT B-NP
+network NN I-NP
+'s POS B-NP
+computer NN I-NP
+switches NNS I-NP
+, , O
+which WDT B-NP
+move VBP B-VP
+thousands NNS B-NP
+of IN B-PP
+calls VBZ B-NP
+a DT B-NP
+minute NN I-NP
+from IN B-PP
+one CD B-NP
+location NN I-NP
+to TO B-PP
+another DT B-NP
+, , O
+changed VBN B-VP
+to TO B-PP
+battery NN B-NP
+power NN I-NP
+when WRB B-ADVP
+the DT B-NP
+city NN I-NP
+lost VBD B-VP
+power NN B-NP
+. . O
+
+The DT B-NP
+battery NN I-NP
+packs NNS I-NP
+have VBP B-VP
+enough JJ B-NP
+power NN I-NP
+for IN B-PP
+only RB B-NP
+three CD I-NP
+hours NNS I-NP
+, , O
+but CC O
+that DT B-NP
+gave VBD B-VP
+emergency NN B-NP
+crews NNS I-NP
+time NN B-NP
+to TO B-VP
+turn VB I-VP
+on IN B-PRT
+an DT B-NP
+emergency NN I-NP
+system NN I-NP
+that WDT B-NP
+runs VBZ B-VP
+primarily RB B-ADVP
+on IN B-PP
+diesel NN B-NP
+fuel NN I-NP
+. . O
+
+Of IN B-PP
+some DT B-NP
+160 CD I-NP
+switches NNS I-NP
+in IN B-PP
+Pacific NNP B-NP
+Bell NNP I-NP
+'s POS B-NP
+network NN I-NP
+, , O
+only RB B-NP
+four CD I-NP
+went VBD B-VP
+down RB B-ADVP
+. . O
+
+One CD B-NP
+of IN B-PP
+those DT B-NP
+was VBD B-VP
+in IN B-PP
+Hollister NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+near IN B-PP
+the DT B-NP
+earthquake NN I-NP
+'s POS B-NP
+epicenter NN I-NP
+. . O
+
+Few JJ B-NP
+telephone NN I-NP
+lines NNS I-NP
+snapped VBD B-VP
+. . O
+
+That DT B-NP
+'s VBZ B-VP
+because IN B-SBAR
+the DT B-NP
+widely RB I-NP
+used VBN I-NP
+fiber-optic JJ I-NP
+cable NN I-NP
+has VBZ B-VP
+been VBN I-VP
+installed VBN I-VP
+underground JJ B-ADVP
+with IN B-PP
+25 CD B-NP
+extra JJ I-NP
+feet NNS I-NP
+of IN B-PP
+cable NN B-NP
+between IN B-PP
+junction NN B-NP
+points NNS I-NP
+. . O
+
+The DT B-NP
+slack NN I-NP
+absorbs VBZ B-VP
+the DT B-NP
+pulling VBG I-NP
+strain NN I-NP
+generated VBN B-VP
+by IN B-PP
+an DT B-NP
+earthquake NN I-NP
+. . O
+
+Nevertheless RB B-ADVP
+, , O
+phone NN B-NP
+service NN I-NP
+was VBD B-VP
+sporadic JJ B-ADJP
+; : O
+many JJ B-NP
+computer NN I-NP
+terminals NNS I-NP
+remained VBD B-VP
+dark JJ B-ADJP
+, , O
+and CC O
+by IN B-PP
+late JJ B-NP
+yesterday NN I-NP
+a DT B-NP
+third JJ I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+remained VBD B-VP
+without IN B-PP
+power NN B-NP
+. . O
+
+Business NN B-NP
+in IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+fourth-largest JJ I-NP
+metropolitan JJ I-NP
+region NN I-NP
+was VBD B-VP
+nearly RB I-VP
+paralyzed VBN I-VP
+; : O
+an DT B-NP
+estimated VBN I-NP
+one CD I-NP
+million CD I-NP
+members NNS I-NP
+of IN B-PP
+the DT B-NP
+work NN I-NP
+force NN I-NP
+stayed VBD B-VP
+at IN B-PP
+home NN B-NP
+. . O
+
+The DT B-NP
+economic JJ I-NP
+dislocation NN I-NP
+was VBD B-VP
+as RB B-ADJP
+abrupt JJ I-ADJP
+as IN B-PP
+the DT B-NP
+earthquake NN I-NP
+itself PRP B-NP
+, , O
+as IN B-SBAR
+virtually RB B-NP
+all DT I-NP
+businesses NNS I-NP
+shut VBN B-VP
+down RB B-PRT
+. . O
+
+The DT B-NP
+$ $ I-NP
+125-billion-a-year NNP I-NP
+Bay NNP I-NP
+area NN I-NP
+economy NN I-NP
+represents VBZ B-VP
+one-fourth NN B-NP
+of IN B-PP
+the DT B-NP
+economy NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+most RBS B-ADJP
+populous JJ I-ADJP
+state NN B-NP
+and CC O
+accounts NNS B-VP
+for IN B-PP
+2 CD B-NP
+% NN I-NP
+to TO O
+3 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+total JJ I-NP
+output NN I-NP
+of IN B-PP
+goods NNS B-NP
+and CC I-NP
+services NNS I-NP
+, , O
+according VBG B-PP
+to TO B-PP
+the DT B-NP
+Center NNP I-NP
+for IN B-PP
+Continuing VBG B-NP
+Study NNP I-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+Economy NNP I-NP
+in IN B-PP
+Palo NNP B-NP
+Alto NNP I-NP
+. . O
+
+In IN B-PP
+high-tech JJ B-NP
+, , O
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+accounts NNS B-VP
+for IN B-PP
+15 CD B-NP
+% NN I-NP
+to TO O
+20 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+computer-related JJ I-NP
+industry NN I-NP
+. . O
+
+`` `` O
+This DT B-NP
+has VBZ B-VP
+been VBN I-VP
+a DT B-NP
+major JJ I-NP
+disruption NN I-NP
+for IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+economy NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Pauline NNP B-NP
+Sweezey NNP I-NP
+, , O
+the DT B-NP
+chief JJ I-NP
+economist NN I-NP
+at IN B-PP
+the DT B-NP
+California NNP I-NP
+Department NNP I-NP
+of IN B-PP
+Finance NNP B-NP
+. . O
+
+`` `` O
+Obviously RB B-ADVP
+, , O
+things NNS B-NP
+are VBP B-VP
+going VBG I-VP
+to TO I-VP
+have VB I-VP
+to TO I-VP
+go VB I-VP
+on IN B-PP
+hold NN B-NP
+for IN B-PP
+many JJ B-NP
+companies NNS I-NP
+. . O
+'' '' O
+
+The DT B-NP
+damage NN I-NP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+'s POS B-NP
+roadways NNS I-NP
+could MD B-VP
+cause VB I-VP
+significant JJ B-NP
+economic JJ I-NP
+hardship NN I-NP
+. . O
+
+A DT B-NP
+quarter NN I-NP
+of IN I-NP
+a DT I-NP
+million CD I-NP
+people NNS I-NP
+cross VBP B-VP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+every DT B-NP
+day NN I-NP
+, , O
+far RB B-ADJP
+more JJR I-ADJP
+than IN B-PP
+the DT B-NP
+100,000 CD I-NP
+that DT B-NP
+use NN B-VP
+the DT B-NP
+Bay NNP I-NP
+Area NNP I-NP
+Rapid NNP I-NP
+Transit NNP I-NP
+system NN I-NP
+-LRB- ( O
+BART NNP B-NP
+-RRB- ) O
+-- : O
+which WDT B-NP
+was VBD B-VP
+working VBG I-VP
+but CC O
+was VBD B-VP
+n't RB I-VP
+stopping VBG I-VP
+in IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+Financial NNP I-NP
+District NNP I-NP
+yesterday NN B-NP
+afternoon NN I-NP
+because IN B-SBAR
+electricity NN B-NP
+was VBD B-VP
+shut VBN I-VP
+off IN B-PRT
+and CC O
+the DT B-NP
+area NN I-NP
+was VBD B-VP
+being VBG I-VP
+checked VBN I-VP
+for IN B-PP
+gas NN B-NP
+leaks NNS I-NP
+. . O
+
+California JJ B-NP
+state NN I-NP
+transportation NN I-NP
+officials NNS I-NP
+interviewed VBN B-VP
+by IN B-PP
+telephone NN B-NP
+say VBP B-VP
+they PRP B-NP
+nevertheless RB B-ADVP
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+serious JJ B-NP
+problems NNS I-NP
+for IN B-PP
+commerce NN B-NP
+in IN B-PP
+and CC B-PP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+. . O
+
+All DT B-NP
+major JJ I-NP
+roadways NNS I-NP
+except IN B-PP
+Interstate NNP B-NP
+880 CD I-NP
+, , O
+known VBN B-VP
+as IN B-PP
+the DT B-NP
+Nimitz NNP I-NP
+Freeway NNP I-NP
+, , O
+and CC O
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+were VBD B-VP
+open JJ B-ADJP
+by IN B-PP
+1 CD B-NP
+p.m. NN I-NP
+yesterday NN B-NP
+. . O
+
+Officials NNS B-NP
+expect VBP B-VP
+difficulty NN B-NP
+routing VBG B-VP
+traffic NN B-NP
+through IN B-PP
+downtown NN B-NP
+San NNP I-NP
+Francisco NNP I-NP
+. . O
+
+The DT B-NP
+earthquake NN I-NP
+caused VBD B-VP
+many JJ B-NP
+streets NNS I-NP
+to TO B-VP
+buckle VB I-VP
+and CC I-VP
+crack NN I-VP
+, , O
+making VBG B-VP
+them PRP B-NP
+impassible JJ B-ADJP
+. . O
+
+Other JJ B-NP
+roads NNS I-NP
+were VBD B-VP
+obstructed VBN I-VP
+by IN B-PP
+collapsed JJ B-NP
+buildings NNS I-NP
+and CC O
+damaged VBN B-NP
+water NN I-NP
+and CC I-NP
+power NN I-NP
+lines NNS I-NP
+, , O
+an DT B-NP
+emergency NN I-NP
+relief NN I-NP
+spokesman NN I-NP
+says NNS B-VP
+. . O
+
+San NNP B-NP
+Francisco NNP I-NP
+Mayor NNP I-NP
+Art NNP I-NP
+Agnos NNP I-NP
+estimated VBD B-VP
+the DT B-NP
+damage NN I-NP
+to TO B-PP
+his PRP$ B-NP
+city NN I-NP
+alone RB B-ADVP
+at IN B-PP
+$ $ B-NP
+2 CD I-NP
+billion CD I-NP
+. . O
+
+But CC O
+many NN B-NP
+predicted VBD B-VP
+that IN B-SBAR
+the DT B-NP
+commercial JJ I-NP
+disruption NN I-NP
+would MD B-VP
+be VB I-VP
+short-lived JJ B-ADJP
+. . O
+
+Of IN B-PP
+the DT B-NP
+scores NNS I-NP
+of IN B-PP
+companies NNS B-NP
+contacted VBN B-VP
+by IN B-PP
+this DT B-NP
+newspaper NN I-NP
+, , O
+few NN B-NP
+reported VBD B-VP
+any DT B-NP
+damage NN I-NP
+that IN B-NP
+they PRP B-NP
+did VBD B-VP
+n't RB I-VP
+expect VB I-VP
+to TO I-VP
+have VB I-VP
+remedied VBN I-VP
+within IN B-PP
+a DT B-NP
+day NN I-NP
+or CC I-NP
+two CD I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+possible JJ B-ADJP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+that IN B-SBAR
+some DT B-NP
+of IN B-PP
+the DT O
+most RBS B-ADVP
+seriously RB I-ADVP
+damaged VBN B-NP
+companies NNS I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+, , O
+particularly RB B-ADVP
+in IN B-PP
+areas NNS B-NP
+nearest JJS B-PP
+the DT B-NP
+epicenter NN I-NP
+. . O
+
+Typical JJ B-ADJP
+, , O
+perhaps RB B-ADVP
+, , O
+was VBD B-VP
+the DT B-NP
+situation NN I-NP
+at IN B-PP
+New NNP B-NP
+United NNP I-NP
+Motor NNP I-NP
+Manufacturing NNP I-NP
+Inc. NNP I-NP
+, , O
+the DT B-NP
+General NNP I-NP
+Motors NNPS I-NP
+Corp.-Toyota JJ I-NP
+joint-venture JJ I-NP
+auto NN I-NP
+plant NN I-NP
+in IN B-PP
+Fremont NNP B-NP
+, , O
+about IN B-NP
+35 CD I-NP
+miles NNS I-NP
+south RB B-ADVP
+of IN B-PP
+Oakland NNP B-NP
+. . O
+
+Ten CD B-NP
+of IN B-PP
+the DT B-NP
+plant NN I-NP
+'s POS B-NP
+workers NNS I-NP
+were VBD B-VP
+injured VBN I-VP
+when WRB B-ADVP
+the DT B-NP
+quake NN I-NP
+hit VBD B-VP
+about IN B-NP
+a DT I-NP
+half-hour NN I-NP
+into IN B-PP
+the DT B-NP
+afternoon NN I-NP
+shift NN I-NP
+; : O
+seven CD B-NP
+were VBD B-VP
+hospitalized VBN I-VP
+. . O
+
+Metal NN B-NP
+racks NNS I-NP
+on IN B-PP
+the DT B-NP
+plant NN I-NP
+floor NN I-NP
+fell VBD B-VP
+over IN B-ADVP
+, , O
+and CC O
+water NN B-NP
+mains NNS I-NP
+ruptured VBN B-VP
+, , O
+a DT B-NP
+spokeswoman NN I-NP
+says NNS B-VP
+. . O
+
+The DT B-NP
+plant NN I-NP
+was VBD B-VP
+evacuated VBN I-VP
+and CC O
+workers NNS B-NP
+sent VBD B-VP
+home NN B-ADVP
+. . O
+
+But CC O
+the DT B-NP
+plant NN I-NP
+was VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+resume VB I-VP
+limited JJ B-NP
+production NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Toyota NNP I-NP
+Corollas NNPS I-NP
+and CC I-NP
+Geo NNP I-NP
+Prizms NNPS I-NP
+by IN B-PP
+6 CD B-NP
+a.m. NN I-NP
+yesterday NN B-NP
+, , O
+and CC O
+absenteeism NN B-NP
+was VBD B-VP
+only RB B-NP
+7 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+work NN I-NP
+force NN I-NP
+, , O
+about IN B-ADJP
+twice RB I-ADJP
+normal JJ I-ADJP
+. . O
+
+Computer NN B-NP
+maker NN I-NP
+Hewlett-Packard NNP I-NP
+Co. NNP I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Palo NNP B-NP
+Alto NNP I-NP
+, , O
+says VBZ B-VP
+one CD B-NP
+of IN B-PP
+its PRP$ B-NP
+buildings NNS I-NP
+sustained VBD B-VP
+severe JJ B-NP
+damage NN I-NP
+when WRB B-ADVP
+it PRP B-NP
+was VBD B-VP
+knocked VBN I-VP
+off IN B-PP
+its PRP$ B-NP
+foundation NN I-NP
+. . O
+
+Other JJ B-NP
+buildings NNS I-NP
+had VBD B-VP
+broken VBN B-NP
+glass NN I-NP
+, , O
+dangling VBG B-NP
+light NN I-NP
+fixtures NNS I-NP
+and CC O
+broken VBN B-NP
+pipes NNS I-NP
+, , O
+a DT B-NP
+spokesperson NN I-NP
+says VBZ B-VP
+, , O
+estimating VBG B-VP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+reconstruction NN B-NP
+`` `` O
+in IN B-PP
+the DT B-NP
+millions NNS I-NP
+. . O
+'' '' O
+
+Most JJS B-NP
+banks NNS I-NP
+were VBD B-VP
+closed VBN B-ADJP
+but CC O
+were VBD B-VP
+expected VBN I-VP
+to TO I-VP
+reopen VB I-VP
+today NN B-NP
+with IN B-SBAR
+few JJ B-NP
+problems NNS I-NP
+anticipated VBN B-VP
+. . O
+
+At IN B-PP
+the DT B-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Bank NNP I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+Vice NNP B-NP
+President NNP I-NP
+Robert NNP I-NP
+Fienberg NNP I-NP
+says VBZ B-VP
+operations NNS B-NP
+were VBD B-VP
+`` `` O
+steaming VBG B-VP
+along IN B-ADVP
+as IN B-PP
+usual JJ B-ADJP
+'' '' O
+yesterday NN B-NP
+afternoon NN I-NP
+. . O
+
+` `` O
+When WRB B-ADVP
+the DT B-NP
+quake NN I-NP
+hit VBD B-VP
+, , O
+we PRP B-NP
+turned VBD B-VP
+on IN B-PRT
+our PRP$ B-NP
+emergency NN I-NP
+generator NN I-NP
+and CC O
+brought VBN B-VP
+our PRP$ B-NP
+computers NNS I-NP
+up IN B-PRT
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+The DT B-NP
+Fed NNP I-NP
+serves VBZ B-VP
+as IN B-PP
+a DT B-NP
+middleman NN I-NP
+for IN B-PP
+banks NNS B-NP
+, , O
+taking VBG B-VP
+checks NNS B-NP
+from IN B-PP
+one CD B-NP
+bank NN I-NP
+and CC O
+sending VBG B-VP
+them PRP B-NP
+to TO B-PP
+another DT B-NP
+, , O
+an DT B-NP
+operation NN I-NP
+that IN B-NP
+it PRP B-NP
+handled VBD B-VP
+smoothly RB B-ADVP
+Tuesday NNP B-NP
+night NN I-NP
+after IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+volume NN I-NP
+we PRP B-NP
+received VBD B-VP
+from IN B-PP
+the DT B-NP
+banks NNS I-NP
+was VBD B-VP
+a DT B-NP
+lot NN I-NP
+lower JJR B-ADJP
+than IN B-PP
+usual JJ B-ADJP
+, , O
+'' '' O
+he PRP B-NP
+says VBZ B-VP
+. . O
+
+A DT B-NP
+disaster-contingency NN I-NP
+plan NN I-NP
+in IN B-PP
+which WDT B-NP
+the DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+Fed NNP I-NP
+would MD B-VP
+come VB I-VP
+to TO B-PP
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+aid NN I-NP
+was VBD B-VP
+n't RB I-VP
+needed VBN I-VP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+telephone NN I-NP
+problems NNS I-NP
+in IN B-PP
+the DT B-NP
+immediate JJ I-NP
+aftermath NN I-NP
+stemmed VBD B-VP
+from IN B-PP
+congestion NN B-NP
+. . O
+
+The DT B-NP
+telephone NN I-NP
+network NN I-NP
+simply RB B-ADVP
+could MD B-VP
+n't RB I-VP
+handle VB I-VP
+the DT B-NP
+large JJ I-NP
+number NN I-NP
+of IN B-PP
+people NNS B-NP
+seeking VBG B-VP
+to TO I-VP
+make VB I-VP
+a DT B-NP
+call NN I-NP
+at IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+. . O
+
+The DT B-NP
+volume NN I-NP
+resulted VBD B-VP
+in IN B-PP
+dial-tone NN B-NP
+delays NNS I-NP
+that WDT B-NP
+were VBD B-VP
+as RB B-ADJP
+short JJ I-ADJP
+as IN B-PP
+15 CD B-NP
+seconds NNS I-NP
+and CC O
+as RB B-ADJP
+long RB I-ADJP
+as IN B-PP
+five CD B-NP
+minutes NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Bandler NNP I-NP
+puts VBZ B-VP
+traffic NN B-NP
+volume NN I-NP
+at IN B-PP
+10 CD B-NP
+to TO I-NP
+50 CD I-NP
+times NNS I-NP
+normal JJ I-NP
+. . O
+
+American NNP B-NP
+Telephone NNP I-NP
+& CC I-NP
+Telegraph NNP I-NP
+Co. NNP I-NP
+, , O
+MCI NNP B-NP
+Communications NNP I-NP
+Inc. NNP I-NP
+and CC O
+United NNP B-NP
+Telecommunications NNP I-NP
+' POS B-NP
+U NNP I-NP
+S NNP I-NP
+Sprint NNP I-NP
+unit NN I-NP
+were VBD B-VP
+blocking VBG I-VP
+phone NN B-NP
+calls NNS I-NP
+into IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+to TO B-VP
+alleviate VB I-VP
+congestion NN B-NP
+. . O
+
+The DT B-NP
+companies NNS I-NP
+block VBP B-VP
+traffic NN B-NP
+much JJ B-SBAR
+as IN I-SBAR
+highway NN B-NP
+on-ramps NNS I-NP
+are VBP B-VP
+blocked VBN I-VP
+when WRB B-ADVP
+traffic NN B-NP
+backs NNS B-VP
+up RB B-PRT
+. . O
+
+William NNP B-NP
+E. NNP I-NP
+Downing NNP I-NP
+, , O
+Pacific NNP B-NP
+Bell NNP I-NP
+'s POS B-NP
+vice NN I-NP
+president NN I-NP
+of IN B-PP
+customer NN B-NP
+services NNS I-NP
+for IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+, , O
+says VBZ B-VP
+most RBS B-NP
+long-distance JJ I-NP
+companies NNS I-NP
+were VBD B-VP
+blocking VBG I-VP
+about IN B-NP
+50 CD I-NP
+% NN I-NP
+of IN B-PP
+all DT B-NP
+calls VBZ I-NP
+. . O
+
+Pacific NNP B-NP
+Telesis NNP I-NP
+says VBZ B-VP
+its PRP$ B-NP
+Pacific NNP I-NP
+Bell NNP I-NP
+unit NN I-NP
+also RB B-ADVP
+was VBD B-VP
+blocking VBG I-VP
+about IN B-NP
+50 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+calls NNS I-NP
+locally RB B-ADVP
+. . O
+
+Ironically RB B-ADVP
+, , O
+the DT B-NP
+long-term JJ I-NP
+effect NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+may MD B-VP
+be VB I-VP
+to TO B-VP
+bolster VB I-VP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+'s POS B-NP
+economic JJ I-NP
+fortunes NNS I-NP
+and CC O
+, , O
+indeed RB B-ADVP
+, , O
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+gross JJ I-NP
+national JJ I-NP
+product NN I-NP
+. . O
+
+It PRP B-NP
+may MD B-VP
+also RB I-VP
+lead VB I-VP
+to TO B-PP
+new JJ B-NP
+safeguards NNS I-NP
+in IN B-PP
+major JJ B-NP
+construction NN I-NP
+projects NNS I-NP
+such JJ B-PP
+as IN I-PP
+double-deck JJ B-NP
+highways NNS I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+would MD B-VP
+in IN B-PP
+the DT B-NP
+near-term JJ I-NP
+give NN B-VP
+a DT B-NP
+boost NN I-NP
+to TO B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+economy NN I-NP
+because IN B-SBAR
+there EX B-NP
+will MD B-VP
+be VB I-VP
+an DT B-NP
+influx NN I-NP
+of IN B-PP
+people NNS B-NP
+to TO B-VP
+help VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+Beth NNP B-NP
+Burnham NNP I-NP
+Mace NNP I-NP
+, , O
+a DT B-NP
+regional JJ I-NP
+economist NN I-NP
+at IN B-PP
+DRI\/McGraw NNP B-NP
+Hill NNP I-NP
+, , O
+a DT B-NP
+Lexington NNP I-NP
+, , I-NP
+Mass. NNP I-NP
+, , I-NP
+forecasting NN I-NP
+firm NN I-NP
+. . O
+
+The DT B-NP
+construction NN I-NP
+industry NN I-NP
+is VBZ B-VP
+sure JJ B-ADJP
+to TO B-VP
+feel VB I-VP
+increased VBN B-NP
+demand NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+will MD B-VP
+be VB I-VP
+a DT B-NP
+big JJ I-NP
+influx NN I-NP
+of IN B-PP
+federal JJ B-NP
+dollars NNS I-NP
+and CC O
+gains NNS B-NP
+in IN B-PP
+state NN B-NP
+, , I-NP
+federal JJ I-NP
+and CC I-NP
+local JJ I-NP
+employment NN I-NP
+, , O
+'' '' O
+Ms. NNP B-NP
+Mace NNP I-NP
+says VBZ B-VP
+. . O
+
+Adds VBZ B-VP
+Stacy NNP B-NP
+Kotman NNP I-NP
+, , O
+an DT B-NP
+economist NN I-NP
+at IN B-PP
+Georgia NNP B-NP
+State NNP I-NP
+University NNP I-NP
+, , O
+`` `` O
+There EX B-NP
+'s VBZ B-VP
+nothing NN B-NP
+positive JJ B-ADJP
+about IN B-PP
+an DT B-NP
+earthquake NN I-NP
+, , O
+but CC O
+it PRP B-NP
+will MD B-VP
+probably RB I-VP
+generate VB I-VP
+more JJR B-NP
+construction NN I-NP
+activity NN I-NP
+. . O
+'' '' O
+
+Wall NNP B-NP
+Street NNP I-NP
+reacted VBD B-VP
+swiftly RB B-ADVP
+yesterday NN B-NP
+to TO B-PP
+the DT B-NP
+disaster NN I-NP
+by IN B-PP
+bidding NN B-VP
+up IN B-ADVP
+stocks NNS B-NP
+of IN B-PP
+construction NN B-NP
+and CC I-NP
+related VBN I-NP
+companies NNS I-NP
+. . O
+
+Shares NNS B-NP
+of IN B-PP
+Lone NNP B-NP
+Star NNP I-NP
+Industries NNP I-NP
+Inc. NNP I-NP
+, , O
+a DT B-NP
+cement NN I-NP
+maker NN I-NP
+, , O
+rose VBD B-VP
+sharply RB B-ADVP
+in IN B-PP
+anticipation NN B-NP
+of IN B-PP
+stepped-up JJ B-NP
+demand NN I-NP
+. . O
+
+In IN B-PP
+Greenwich NNP B-NP
+, , O
+Conn. NNP B-NP
+, , O
+Lone NNP B-NP
+Star NNP I-NP
+spokesman NN I-NP
+Michael NNP I-NP
+London NNP I-NP
+says VBZ B-VP
+, , O
+`` `` O
+Obviously RB B-ADVP
+with IN B-PP
+an DT B-NP
+earthquake NN I-NP
+of IN B-PP
+this DT B-NP
+size NN I-NP
+, , O
+there EX B-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+construction NN B-NP
+projects NNS I-NP
+that WDT B-NP
+would MD B-VP
+n't RB I-VP
+otherwise RB I-VP
+have VB I-VP
+been VBN I-VP
+anticipated VBN I-VP
+. . O
+
+But CC O
+any DT B-NP
+increase NN I-NP
+is VBZ B-VP
+n't RB O
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+any DT B-NP
+kind NN I-NP
+of IN B-PP
+a DT B-NP
+surge NN I-NP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+something NN B-NP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+spread VBN I-VP
+out IN B-ADVP
+over IN B-PP
+a DT B-NP
+long JJ I-NP
+period NN I-NP
+of IN B-PP
+time NN B-NP
+. . O
+
+There EX B-NP
+will MD B-VP
+be VB I-VP
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+repair NN B-NP
+work NN I-NP
+that WDT B-NP
+wo MD B-VP
+n't RB I-VP
+require VB I-VP
+the DT B-NP
+quantities NNS I-NP
+of IN B-PP
+cement NN B-NP
+or CC I-NP
+concrete JJ I-NP
+that IN B-NP
+new JJ B-NP
+constructon NN I-NP
+would MD B-VP
+. . O
+'' '' O
+
+Lone NNP B-NP
+Star NNP I-NP
+'s POS B-NP
+San NNP I-NP
+Francisco NNP I-NP
+facilities NNS I-NP
+were VBD B-VP
+n't RB I-VP
+damaged VBN I-VP
+in IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+The DT B-NP
+earthquake NN I-NP
+is VBZ B-VP
+likely JJ B-ADJP
+to TO B-VP
+reduce VB I-VP
+GNP NNP B-NP
+negligibly RB B-ADVP
+in IN B-PP
+the DT B-NP
+near JJ I-NP
+term NN I-NP
+and CC O
+then RB O
+could MD B-VP
+raise VB I-VP
+it PRP B-NP
+a DT B-NP
+bit NN I-NP
+as IN B-SBAR
+rebuilding VBG B-NP
+begins VBZ B-VP
+. . O
+
+The DT B-NP
+first JJ I-NP
+effects NNS I-NP
+are VBP B-VP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+negative JJ B-ADJP
+as IN B-SBAR
+work NN B-NP
+is VBZ B-VP
+disrupted VBN I-VP
+and CC O
+people NNS B-NP
+lose VBP B-VP
+income NN B-NP
+and CC O
+cut VB B-VP
+spending NN B-NP
+. . O
+
+Corporate JJ B-NP
+profits NNS I-NP
+may MD B-VP
+also RB I-VP
+dip VB I-VP
+initially RB B-ADVP
+. . O
+
+Many JJ B-NP
+of IN B-PP
+the DT B-NP
+lost VBN I-NP
+tourism NN I-NP
+dollars NNS I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+recovered VBN I-VP
+; : O
+many JJ B-NP
+trips NNS I-NP
+delayed VBN B-VP
+never RB B-ADVP
+take VB B-VP
+place NN B-NP
+. . O
+
+Subsequently RB B-ADVP
+, , O
+however RB B-ADVP
+, , O
+the DT B-NP
+ill JJ I-NP
+effects NNS I-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+be VB I-VP
+offset VB I-VP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+in IN B-PP
+economic JJ B-NP
+terms NNS I-NP
+, , O
+as IN B-SBAR
+construction NN B-NP
+activity NN I-NP
+begins VBZ B-VP
+. . O
+
+Because IN B-PP
+of IN I-PP
+the DT B-NP
+way NN I-NP
+the DT B-NP
+government NN I-NP
+keeps VBZ B-VP
+its PRP$ B-NP
+books NNS I-NP
+, , O
+the DT B-NP
+damage NN I-NP
+to TO B-PP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+, , O
+however RB B-ADJP
+costly JJ I-ADJP
+, , O
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+counted VBN I-VP
+as IN B-PP
+a DT B-NP
+minus CC I-NP
+. . O
+
+The DT B-NP
+money NN I-NP
+spent VBD B-VP
+on IN B-PP
+repairs NNS B-NP
+will MD B-VP
+be VB I-VP
+counted VBN I-VP
+as IN B-PP
+a DT B-NP
+plus CC I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+'s VBZ B-VP
+very RB B-ADJP
+difficult JJ I-ADJP
+to TO B-VP
+model VB I-VP
+the DT B-NP
+long-term JJ I-NP
+impact NN I-NP
+of IN B-PP
+this DT B-NP
+, , O
+'' '' O
+says VBZ B-VP
+Andrew NNP B-NP
+Goldberg NNP I-NP
+, , O
+who WP B-NP
+studies VBZ B-VP
+the DT B-NP
+public-policy NN I-NP
+and CC I-NP
+crisis-management JJ I-NP
+aspects NNS I-NP
+of IN B-PP
+earthquakes NNS B-NP
+at IN B-PP
+the DT B-NP
+Center NNP I-NP
+for IN B-PP
+Strategic NNP B-NP
+International NNP I-NP
+Studies NNS I-NP
+in IN B-PP
+Washington NNP B-NP
+, , O
+D.C NNP B-NP
+. . O
+
+`` `` O
+You PRP B-NP
+certainly RB B-ADVP
+can MD B-VP
+say VB I-VP
+it PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+extremely RB B-ADJP
+severe JJ I-ADJP
+. . O
+
+We PRP B-NP
+really RB B-ADVP
+are VBP B-VP
+talking VBG I-VP
+about IN B-PP
+shutting VBG B-VP
+down RP B-PRT
+a DT B-NP
+major JJ I-NP
+American JJ I-NP
+city NN I-NP
+for IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+days NNS B-NP
+, , O
+maybe RB B-ADVP
+for IN B-PP
+a DT B-NP
+few JJ I-NP
+weeks NNS I-NP
+. . O
+'' '' O
+
+Mr. NNP B-NP
+Goldberg NNP I-NP
+says VBZ B-VP
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+will MD B-VP
+definitely RB I-VP
+top JJ I-VP
+$ $ B-NP
+1 CD I-NP
+billion CD I-NP
+and CC O
+could MD B-VP
+reach VB I-VP
+$ $ B-NP
+4 CD I-NP
+billion CD I-NP
+. . O
+
+He PRP B-NP
+cautions VBZ B-VP
+that IN B-SBAR
+early JJ B-NP
+damage NN I-NP
+estimates NNS I-NP
+are VBP B-VP
+often RB B-ADVP
+low JJ B-ADJP
+; : O
+the DT B-NP
+damage NN I-NP
+totals VBZ I-NP
+in IN B-PP
+Hurricane NNP B-NP
+Hugo NNP I-NP
+increased VBD B-VP
+tenfold RB B-ADVP
+as IN B-SBAR
+more JJR B-NP
+information NN I-NP
+was VBD B-VP
+received VBN I-VP
+. . O
+
+The DT B-NP
+earthquake NN I-NP
+damage NN I-NP
+, , O
+of IN B-PP
+course NN B-NP
+, , O
+would MD B-VP
+have VB I-VP
+been VBN I-VP
+far RB B-ADJP
+greater JJR I-ADJP
+if IN B-SBAR
+the DT B-NP
+epicenter NN I-NP
+had VBD B-VP
+been VBN I-VP
+in IN B-PP
+downtown NN B-NP
+San NNP I-NP
+Francisco NNP I-NP
+. . O
+
+A DT B-NP
+direct JJ I-NP
+hit VBD I-NP
+on IN B-PP
+a DT B-NP
+major JJ I-NP
+city NN I-NP
+, , O
+Mr. NNP B-NP
+Goldberg NNP I-NP
+figures VBZ B-VP
+, , O
+would MD B-VP
+cause VB I-VP
+$ $ B-NP
+20 CD I-NP
+billion CD I-NP
+to TO O
+$ $ B-NP
+40 CD I-NP
+billion CD I-NP
+of IN B-PP
+damage NN B-NP
+. . O
+
+Experts NNS B-NP
+caution VBP B-VP
+that IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+far RB B-ADVP
+too RB I-ADVP
+soon RB I-ADVP
+for IN B-PP
+reliable JJ B-NP
+estimates NNS I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+'s POS B-NP
+total JJ I-NP
+damage NN I-NP
+, , O
+but CC O
+it PRP B-NP
+'s VBZ B-VP
+clear JJ B-ADJP
+that IN B-SBAR
+insurers NNS B-NP
+are VBP B-VP
+likely JJ B-ADJP
+to TO B-VP
+pay VB I-VP
+out RP B-PRT
+enormous JJ B-NP
+sums NNS I-NP
+. . O
+
+Jack NNP B-NP
+Byrne NNP I-NP
+, , O
+the DT B-NP
+chairman NN I-NP
+of IN B-PP
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+Corp. NNP I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+based VBN I-VP
+in IN B-PP
+Novato NNP B-NP
+, , O
+Calif. NNP B-NP
+, , O
+estimates NNS B-VP
+insured VBD B-NP
+losses NNS I-NP
+resulting VBG B-VP
+the DT B-NP
+earthquake NN I-NP
+could MD B-VP
+total VB I-VP
+$ $ B-NP
+2 CD I-NP
+billion CD I-NP
+. . O
+
+The DT B-NP
+impact NN I-NP
+on IN B-PP
+the DT B-NP
+insurance NN I-NP
+industry NN I-NP
+`` `` O
+will MD B-VP
+be VB I-VP
+big JJ B-ADJP
+and CC I-ADJP
+harsh JJ I-ADJP
+, , O
+but CC O
+less JJR B-ADJP
+than IN B-PP
+-LCB- ( B-NP
+Hurricane NNP I-NP
+-RCB- ) I-NP
+Hugo NNP I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Mr. NNP B-NP
+Byrne NNP I-NP
+, , O
+who WP B-NP
+toured VBD B-VP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+by IN B-PP
+car NN B-NP
+yesterday NN B-NP
+afternoon NN I-NP
+to TO B-VP
+get VB I-VP
+a DT B-NP
+sense NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+exposure NN I-NP
+to TO B-PP
+the DT B-NP
+earthquake NN I-NP
+. . O
+
+Mr. NNP B-NP
+Byrne NNP I-NP
+says VBZ B-VP
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+will MD B-VP
+probably RB I-VP
+pay VB I-VP
+hundreds NNS B-NP
+of IN B-PP
+millions NNS B-NP
+in IN B-PP
+primary JJ B-NP
+claims NNS I-NP
+, , O
+but CC O
+, , O
+after IN B-PP
+taxes NNS B-NP
+and CC O
+use NN B-NP
+of IN B-PP
+its PRP$ B-NP
+reinsurance NN I-NP
+lines NNS I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+fourthquarter NN I-NP
+charge NN I-NP
+against IN B-PP
+earnings NNS B-NP
+should MD B-VP
+n't RB I-VP
+top JJ I-VP
+$ $ B-NP
+50 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+was VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+assess VB I-VP
+its PRP$ B-NP
+damage NN I-NP
+liability NN I-NP
+quickly RB B-ADVP
+because IN B-SBAR
+it PRP B-NP
+has VBZ B-VP
+computerized JJ B-NP
+maps NNS I-NP
+of IN B-PP
+Northern NNP B-NP
+California NNP I-NP
+showing VBG B-VP
+the DT B-NP
+exact JJ I-NP
+locations NNS I-NP
+of IN B-PP
+all PDT B-NP
+the DT I-NP
+property NN I-NP
+it PRP B-NP
+insures VBZ B-VP
+. . O
+
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+had VBD B-VP
+claims NNS B-NP
+adjusters NNS I-NP
+on IN B-PP
+the DT B-NP
+streets NNS I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+right NN B-ADVP
+after IN B-PP
+sunrise NN B-NP
+yesterday NN B-NP
+and CC O
+was VBD B-VP
+paying VBG I-VP
+as IN B-NP
+many JJ I-NP
+claims NNS I-NP
+as IN B-SBAR
+it PRP B-NP
+could MD B-VP
+right VB B-ADVP
+on IN B-PP
+the DT B-NP
+spot NN I-NP
+. . O
+
+Fireman NNP B-NP
+'s POS B-NP
+Fund NNP I-NP
+insures VBZ B-VP
+37,300 CD B-NP
+homes NNS I-NP
+and CC I-NP
+autos NNS I-NP
+and CC O
+35,000 CD B-NP
+businesses NNS I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+to TO B-PP
+paying VBG B-VP
+for IN B-PP
+earthquake NN B-NP
+and CC I-NP
+fire NN I-NP
+damage NN I-NP
+, , O
+the DT B-NP
+insurer NN I-NP
+must MD B-VP
+cover VB I-VP
+worker-compensation NN B-NP
+claims NNS I-NP
+and CC O
+also RB B-ADVP
+losses NNS B-NP
+due JJ B-ADJP
+to TO B-PP
+businesses NNS B-NP
+being VBG B-VP
+shut VBN I-VP
+down RB B-ADVP
+by IN B-PP
+lack NN B-NP
+of IN B-PP
+power NN B-NP
+or CC O
+phone NN B-NP
+service NN I-NP
+. . O
+
+But CC O
+many JJ B-NP
+Californians NNS I-NP
+may MD B-VP
+not RB I-VP
+have VB I-VP
+adequate JJ B-NP
+insurance NN I-NP
+coverage NN I-NP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+damages NNS B-NP
+to TO B-PP
+their PRP$ B-NP
+property NN I-NP
+. . O
+
+The DT B-NP
+Independent NNP I-NP
+Insurance NNP I-NP
+Agents NNS I-NP
+of IN B-PP
+America NNP B-NP
+says VBZ B-VP
+fewer JJR B-NP
+than IN I-NP
+one CD I-NP
+of IN I-NP
+every DT I-NP
+five CD I-NP
+California NNP I-NP
+homeowners NNS I-NP
+has VBZ B-VP
+earthquake NN B-NP
+insurance NN I-NP
+. . O
+
+A DT B-NP
+somewhat RB I-NP
+higher JJR I-NP
+percentage NN I-NP
+of IN B-PP
+people NNS B-NP
+living VBG B-VP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+have VBP B-VP
+bought VBN I-VP
+the DT B-NP
+additional JJ I-NP
+insurance NN I-NP
+protection NN I-NP
+, , O
+but CC O
+the DT B-NP
+great JJ I-NP
+majority NN I-NP
+are VBP B-VP
+n't RB I-VP
+covered VBN I-VP
+. . O
+
+Earthquake NN B-NP
+insurance NN I-NP
+typically RB B-ADVP
+runs VBZ B-VP
+$ $ B-NP
+200 CD I-NP
+or CC I-NP
+more JJR I-NP
+a DT B-NP
+year NN I-NP
+for IN B-PP
+a DT B-NP
+small JJ I-NP
+house NN I-NP
+. . O
+
+Whatever WDT B-NP
+the DT B-NP
+long-term JJ I-NP
+economic JJ I-NP
+effect NN I-NP
+, , O
+the DT B-NP
+scene NN I-NP
+from IN B-PP
+the DT B-NP
+helicopter NN I-NP
+above IN B-PP
+Oakland NNP B-NP
+is VBZ B-VP
+one CD B-NP
+of IN B-PP
+tragedy NN B-NP
+. . O
+
+Gargantuan JJ B-NP
+sections NNS I-NP
+of IN B-PP
+a DT B-NP
+double-decker JJ I-NP
+freeway NN I-NP
+have VBP B-VP
+been VBN I-VP
+heaved VBN I-VP
+about IN B-PRT
+like IN B-PP
+plastic NN B-NP
+building NN I-NP
+blocks NNS I-NP
+. . O
+
+Atop IN B-PP
+them PRP B-NP
+sit VBP B-VP
+cars NNS B-NP
+and CC I-NP
+trucks NNS I-NP
+abandoned VBN B-VP
+in IN B-PP
+a DT B-NP
+terrifying JJ I-NP
+scramble NN I-NP
+to TO B-VP
+safety VB I-VP
+the DT B-NP
+day NN I-NP
+before RB I-NP
+. . O
+
+In IN B-PP
+areas NNS B-NP
+where WRB B-ADVP
+the DT B-NP
+freeway NN I-NP
+made VBD B-VP
+giant NN B-NP
+concrete JJ I-NP
+sandwiches NNS I-NP
+of IN B-PP
+itself PRP B-NP
+lie VBP B-VP
+cars NNS B-NP
+that WDT B-NP
+police NN B-NP
+say VBP B-VP
+have VBP B-VP
+been VBN I-VP
+flattened VBN I-VP
+into IN B-PP
+foot-thick JJ B-NP
+slabs NNS I-NP
+. . O
+
+On IN B-PP
+the DT B-NP
+periphery NN I-NP
+, , O
+rescue NN B-NP
+workers NNS I-NP
+seem VBP B-VP
+, , O
+from IN B-PP
+the DT B-NP
+air NN I-NP
+, , O
+to TO B-VP
+move VB I-VP
+in IN B-PP
+slow JJ B-NP
+motion NN I-NP
+. . O
+
+They PRP B-NP
+peck VBP B-VP
+away RB B-ADVP
+at IN B-PP
+the DT B-NP
+1 CD I-NP
+1\/2-mile JJ I-NP
+section NN I-NP
+of IN B-PP
+rubble NN B-NP
+, , O
+searching VBG B-VP
+for IN B-PP
+more JJR B-NP
+of IN B-PP
+the DT B-NP
+250 CD I-NP
+people NNS I-NP
+thought VBD B-VP
+to TO I-VP
+have VB I-VP
+died VBN I-VP
+here RB B-ADVP
+. . O
+
+About IN B-NP
+20 CD I-NP
+other JJ I-NP
+deaths NNS I-NP
+were VBD B-VP
+also RB I-VP
+attributed VBN I-VP
+to TO B-PP
+the DT B-NP
+earthquake NN I-NP
+. . O
+
+The DT B-NP
+heart NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+, , O
+6.9 CD B-NP
+on IN B-PP
+the DT B-NP
+Richter NNP I-NP
+scale NN I-NP
+, , O
+was VBD B-VP
+50 CD B-NP
+miles NNS I-NP
+to TO B-PP
+the DT B-NP
+south RB I-NP
+, , O
+near IN B-PP
+Santa NNP B-NP
+Cruz NNP I-NP
+, , O
+but CC O
+its PRP$ B-NP
+terrible JJ I-NP
+fist NN I-NP
+struck VBD B-VP
+here RB B-ADVP
+on IN B-PP
+the DT B-NP
+Nimitz NNP I-NP
+Freeway NNP I-NP
+, , O
+a DT B-NP
+major JJ I-NP
+artery NN I-NP
+serving VBG B-VP
+the DT B-NP
+Bay NNP I-NP
+Bridge NNP I-NP
+between IN B-PP
+Oakland NNP B-NP
+and CC O
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+Along IN B-PP
+the DT B-NP
+way NN I-NP
+, , O
+the DT B-NP
+quake NN I-NP
+toppled VBD B-VP
+a DT B-NP
+mall NN I-NP
+in IN B-PP
+Santa NNP B-NP
+Cruz NNP I-NP
+, , O
+knocked VBD B-VP
+down JJ B-PRT
+buildings NNS B-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+'s POS B-NP
+fashionable JJ I-NP
+Marina NNP I-NP
+District NNP I-NP
+and CC O
+sent VBD B-VP
+a DT B-NP
+wall NN I-NP
+of IN B-PP
+bricks NNS B-NP
+crashing VBG B-VP
+on IN B-PP
+motorists NNS B-NP
+in IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+Financial NNP I-NP
+District NNP I-NP
+. . O
+
+Just RB B-NP
+a DT I-NP
+short JJ I-NP
+span NN I-NP
+across IN B-PP
+the DT B-NP
+bay NN I-NP
+to TO B-PP
+the DT B-NP
+west NN I-NP
+, , O
+the DT B-NP
+quake NN I-NP
+also RB B-ADVP
+showed VBD B-VP
+its PRP$ B-NP
+mettle NN I-NP
+: : O
+A DT B-NP
+four-square-block JJ I-NP
+area NN I-NP
+of IN B-PP
+the DT B-NP
+Marina NNP I-NP
+District NNP I-NP
+lies VBZ B-VP
+smoldering VBG B-VP
+under IN B-PP
+a DT B-NP
+steady JJ I-NP
+stream NN I-NP
+of IN B-PP
+seawater NN B-NP
+being VBG B-VP
+pumped VBN I-VP
+onto IN B-PP
+rubble NN B-NP
+to TO B-VP
+prevent VB I-VP
+it PRP B-NP
+from IN B-PP
+blazing VBG B-VP
+anew RB B-ADVP
+. . O
+
+Many JJ B-NP
+of IN B-PP
+the DT B-NP
+buildings NNS I-NP
+, , O
+mostly JJ B-NP
+condominiums NNS I-NP
+and CC I-NP
+apartments NNS I-NP
+, , O
+were VBD B-VP
+flattened VBN I-VP
+almost RB B-ADVP
+instantly RB I-ADVP
+as IN B-SBAR
+the DT B-NP
+underlying VBG I-NP
+soil NN I-NP
+-- : O
+much NN B-NP
+of IN B-PP
+it PRP B-NP
+landfill NN B-NP
+-- : O
+was VBD B-VP
+literally RB I-VP
+turned VBN I-VP
+to TO B-PP
+ooze VB B-NP
+by IN B-PP
+the DT B-NP
+quake NN I-NP
+'s POS B-NP
+intensive JJ I-NP
+shaking NN I-NP
+, , O
+rupturing VBG B-VP
+gas NN B-NP
+lines NNS I-NP
+. . O
+
+Onlookers NNS B-NP
+say VBP B-VP
+three CD B-NP
+persons NNS I-NP
+died VBD B-VP
+when WRB B-ADVP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+buildings NNS I-NP
+exploded VBD B-VP
+into IN B-PP
+a DT B-NP
+fireball NN I-NP
+shortly RB B-ADVP
+after IN B-SBAR
+the DT B-NP
+quake NN I-NP
+struck VBD B-VP
+. . O
+
+Efforts NNS B-NP
+to TO B-VP
+fight VB I-VP
+the DT B-NP
+blaze NN I-NP
+were VBD B-VP
+hampered VBN I-VP
+because IN B-SBAR
+water NN B-NP
+mains NNS I-NP
+were VBD B-VP
+severed VBN I-VP
+as IN B-ADVP
+well RB I-ADVP
+. . O
+
+From IN B-PP
+the DT B-NP
+air NN I-NP
+, , O
+ribbons NNS B-NP
+of IN B-PP
+yellow JJ B-NP
+fire NN I-NP
+hose NN I-NP
+carry NN B-VP
+water NN B-NP
+from IN B-PP
+the DT B-NP
+bay NN I-NP
+to TO B-PP
+high-pressure JJ B-NP
+nozzles NNS I-NP
+trained VBN B-VP
+on IN B-PP
+the DT B-NP
+site NN I-NP
+. . O
+
+As IN B-SBAR
+onlookers NNS B-NP
+stand VBP B-VP
+behind IN B-PP
+barricades NNS B-NP
+, , O
+helmeted JJ B-NP
+firemen NNS I-NP
+and CC I-NP
+building NN I-NP
+inspectors NNS I-NP
+survey VBP B-VP
+rows NNS B-NP
+of IN B-PP
+nearby JJ B-NP
+buildings NNS I-NP
+that WDT B-NP
+were VBD B-VP
+twisted VBN I-VP
+from IN B-PP
+their PRP$ B-NP
+foundations NNS I-NP
+and CC O
+seem VB B-VP
+on IN B-PP
+the DT B-NP
+verge NN I-NP
+of IN B-PP
+collapse NN B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+Marina NNP I-NP
+District NNP I-NP
+, , O
+residents NNS B-NP
+spent VBD B-VP
+yesterday NN B-NP
+assessing VBG B-VP
+damage NN B-NP
+, , O
+cleaning NN B-VP
+up IN B-PRT
+and CC O
+trying VBG B-VP
+to TO I-VP
+find VB I-VP
+friends NNS B-NP
+and CC I-NP
+neighbors NNS I-NP
+. . O
+
+Evelyn NNP B-NP
+Boccone NNP I-NP
+, , O
+85 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+has VBZ B-VP
+lived VBN I-VP
+in IN B-PP
+the DT B-NP
+district NN I-NP
+most RBS B-NP
+of IN B-PP
+her PRP$ B-NP
+life NN I-NP
+. . O
+
+Her PRP$ B-NP
+parents NNS I-NP
+lost VBD B-VP
+everything NN B-NP
+in IN B-PP
+the DT B-NP
+1906 CD I-NP
+earthquake NN I-NP
+. . O
+
+`` `` O
+Now RB B-ADVP
+, , O
+we PRP B-NP
+realize VBP B-VP
+what WP B-NP
+our PRP$ B-NP
+mothers NNS I-NP
+must MD B-VP
+have VB I-VP
+gone VBN I-VP
+through IN B-PP
+, , O
+'' '' O
+she PRP B-NP
+says VBZ B-VP
+. . O
+
+`` `` O
+We PRP B-NP
+always RB B-ADVP
+heard VBD B-VP
+about IN B-PP
+the DT B-NP
+earthquake NN I-NP
+, , O
+but CC O
+as IN B-PP
+children NNS B-NP
+we PRP B-NP
+did VBD B-VP
+n't RB I-VP
+always RB I-VP
+listen VB I-VP
+. . O
+
+PRINCE NNP B-NP
+HENRI NNP I-NP
+is VBZ B-VP
+the DT B-NP
+crown NN I-NP
+prince NN I-NP
+and CC I-NP
+hereditary JJ I-NP
+grand JJ I-NP
+duke NN I-NP
+of IN B-PP
+Luxembourg NNP B-NP
+. . O
+
+An DT B-NP
+article NN I-NP
+in IN B-PP
+the DT B-NP
+World NNP I-NP
+Business NNP I-NP
+Report NNP I-NP
+of IN B-PP
+Sept. NNP B-NP
+22 CD I-NP
+editions NNS I-NP
+incorrectly RB B-VP
+referred VBN I-VP
+to TO B-PP
+his PRP$ B-NP
+father NN I-NP
+, , O
+Grand NNP B-NP
+Duke NNP I-NP
+Jean NNP I-NP
+, , O
+as IN B-PP
+the DT B-NP
+crown NN I-NP
+prince NN I-NP
+. . O
+
+Resolution NNP B-NP
+Funding NNP I-NP
+Corp. NNP I-NP
+plans VBZ B-VP
+to TO I-VP
+sell VB I-VP
+$ $ B-NP
+4.5 CD I-NP
+billion CD I-NP
+of IN B-PP
+30-year JJ B-NP
+bonds NNS I-NP
+Wednesday NNP B-NP
+in IN B-PP
+the DT B-NP
+agency NN I-NP
+'s POS B-NP
+first JJ I-NP
+sale NN I-NP
+of IN B-PP
+securities NNS B-NP
+. . O
+
+The DT B-NP
+new JJ I-NP
+bonds NNS I-NP
+will MD B-VP
+be VB I-VP
+dated VBN I-VP
+Oct. NNP B-NP
+30 CD I-NP
+and CC O
+mature NNP B-VP
+Oct. NNP B-NP
+15 CD I-NP
+, , I-NP
+2019 CD I-NP
+. . O
+
+Tenders NNS B-NP
+for IN B-PP
+the DT B-NP
+bonds NNS I-NP
+, , O
+available JJ B-ADJP
+in IN B-PP
+minimum JJ B-NP
+denominations NNS I-NP
+of IN B-PP
+$ $ B-NP
+1,000 CD I-NP
+, , O
+must MD B-VP
+be VB I-VP
+received VBN I-VP
+by IN B-PP
+1 CD B-NP
+p.m. NN I-NP
+EDT NNP I-NP
+Wednesday NNP B-NP
+at IN B-PP
+Federal NNP B-NP
+Reserve NNP I-NP
+banks NNS I-NP
+. . O
+
+Refcorp NNP B-NP
+, , O
+created VBN B-VP
+by IN B-PP
+the DT B-NP
+thrift-overhaul NN I-NP
+law NN I-NP
+enacted VBN B-VP
+in IN B-PP
+August NNP B-NP
+, , O
+will MD B-VP
+use VB I-VP
+the DT B-NP
+proceeds NNS I-NP
+to TO B-VP
+merge VB I-VP
+or CC O
+sell VB B-VP
+off IN B-PRT
+ailing VBG B-NP
+savings-and-loan JJ I-NP
+institutions NNS I-NP
+. . O
+
+Congress NNP B-NP
+authorized VBD B-VP
+$ $ B-NP
+50 CD I-NP
+billion CD I-NP
+to TO B-VP
+be VB I-VP
+borrowed VBN I-VP
+to TO B-VP
+pay VB I-VP
+for IN B-PP
+the DT B-NP
+thrift NN I-NP
+bailout NN I-NP
+. . O
+
+Of IN B-PP
+that DT B-NP
+amount NN I-NP
+, , O
+$ $ B-NP
+20 CD I-NP
+billion CD I-NP
+has VBZ B-VP
+already RB I-VP
+been VBN I-VP
+borrowed VBN I-VP
+by IN B-PP
+the DT B-NP
+Treasury NNP I-NP
+Department NNP I-NP
+. . O
+
+Unless IN B-SBAR
+otherwise RB B-VP
+specified VBN I-VP
+in IN B-PP
+a DT B-NP
+particular JJ I-NP
+offer NN I-NP
+, , O
+the DT B-NP
+bonds NNS I-NP
+wo MD B-VP
+n't RB I-VP
+be VB I-VP
+subject NN B-ADJP
+to TO B-PP
+redemption NN B-NP
+prior RB B-ADVP
+to TO B-PP
+maturity NN B-NP
+. . O
+
+Interest NN B-NP
+payments NNS I-NP
+on IN B-PP
+the DT B-NP
+bonds NNS I-NP
+will MD B-VP
+be VB I-VP
+payable JJ B-ADJP
+semiannually RB B-ADVP
+. . O
+
+The DT B-NP
+bonds NNS I-NP
+are VBP B-VP
+subject NN B-ADJP
+to TO B-PP
+federal JJ B-NP
+taxation NN I-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+including VBG B-PP
+income NN B-NP
+taxes NNS I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+state NN I-NP
+and CC I-NP
+local JJ I-NP
+level NN I-NP
+, , O
+the DT B-NP
+bonds NNS I-NP
+are VBP B-VP
+subject NN B-ADJP
+to TO B-PP
+surtaxes NNS B-NP
+and CC O
+estate NN B-NP
+, , I-NP
+inheritance NN I-NP
+and CC I-NP
+gift NN I-NP
+taxes NNS I-NP
+, , O
+but CC O
+exempt JJ B-ADJP
+from IN B-PP
+taxation NN B-NP
+as IN B-PP
+to TO B-PP
+principal NN B-NP
+and CC I-NP
+interest NN I-NP
+. . O
+
+G.D. NNP B-NP
+Searle NNP I-NP
+& CC I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+Monsanto NNP I-NP
+Co. NNP I-NP
+unit NN I-NP
+, , O
+is VBZ B-VP
+launching VBG I-VP
+a DT B-NP
+program NN I-NP
+to TO B-VP
+give VB I-VP
+consumers NNS B-NP
+more JJR B-NP
+information NN I-NP
+about IN B-PP
+its PRP$ B-NP
+drugs NNS I-NP
+when WRB B-ADVP
+doctors NNS B-NP
+prescribe VBP B-VP
+them PRP B-NP
+. . O
+
+Called VBN B-VP
+Patients NNS B-NP
+in IN B-PP
+the DT B-NP
+Know VB I-NP
+, , O
+the DT B-NP
+program NN I-NP
+features NNS B-VP
+fact NN B-NP
+sheets NNS I-NP
+designed VBN B-VP
+to TO I-VP
+be VB I-VP
+easy JJ B-ADJP
+to TO B-VP
+understand VB I-VP
+. . O
+
+The DT B-NP
+sheets NNS I-NP
+tell VBP B-VP
+how WRB B-ADVP
+the DT B-NP
+medicine NN I-NP
+works NNS B-VP
+, , O
+describe VB B-VP
+how WRB B-ADVP
+to TO B-VP
+use VB I-VP
+it PRP B-NP
+and CC O
+list VB B-VP
+its PRP$ B-NP
+possible JJ I-NP
+side NN I-NP
+effects NNS I-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+designed VBN I-VP
+to TO I-VP
+be VB I-VP
+given VBN I-VP
+to TO B-PP
+patients NNS B-NP
+by IN B-PP
+their PRP$ B-NP
+doctors NNS I-NP
+when WRB B-ADVP
+the DT B-NP
+medicines NNS I-NP
+are VBP B-VP
+prescribed VBN I-VP
+and CC O
+include VBP B-VP
+space NN B-NP
+for IN B-SBAR
+the DT B-NP
+doctor NN I-NP
+to TO B-VP
+write VB I-VP
+special JJ B-NP
+instructions NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+Searle NNP B-NP
+will MD B-VP
+give VB I-VP
+pharmacists NNS B-NP
+brochures NNS B-NP
+on IN B-PP
+the DT B-NP
+use NN I-NP
+of IN B-PP
+prescription NN B-NP
+drugs NNS I-NP
+for IN B-PP
+distribution NN B-NP
+in IN B-PP
+their PRP$ B-NP
+stores NNS I-NP
+. . O
+
+Consumer NN B-NP
+groups NNS I-NP
+have VBP B-VP
+long RB I-VP
+advocated VBN I-VP
+that IN B-SBAR
+drug NN B-NP
+companies NNS I-NP
+and CC O
+doctors NNS B-NP
+make VBP B-VP
+more JJR B-NP
+information NN I-NP
+available JJ B-ADJP
+to TO B-PP
+patients NNS B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+believe VBP B-VP
+that IN B-SBAR
+every DT B-NP
+drug NN I-NP
+that WDT B-NP
+'s VBZ B-VP
+marketed VBN I-VP
+to TO B-PP
+a DT B-NP
+consumer NN I-NP
+should MD B-VP
+have VB I-VP
+a DT B-NP
+consumer NN I-NP
+label NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Douglas NNP B-NP
+Teich NNP I-NP
+of IN B-PP
+the DT B-NP
+Public NNP I-NP
+Citizen NNP I-NP
+Health NNP I-NP
+Research NNP I-NP
+Group NNP I-NP
+, , O
+a DT B-NP
+Ralph NNP I-NP
+Nader NNP I-NP
+affiliate NN I-NP
+. . O
+
+Dr. NNP B-NP
+Teich NNP I-NP
+said VBD B-VP
+Searle NNP B-NP
+is VBZ B-VP
+`` `` O
+the DT B-NP
+only JJ I-NP
+company NN I-NP
+I PRP B-NP
+know VBP B-VP
+that IN B-NP
+voluntarily RB B-VP
+'' '' I-VP
+will MD I-VP
+make VB B-VP
+consumer NN B-NP
+information NN I-NP
+available JJ B-ADJP
+. . O
+
+According VBG B-PP
+to TO B-PP
+federal JJ B-NP
+officials NNS I-NP
+and CC O
+drug-industry NN B-NP
+studies NNS I-NP
+, , O
+nearly RB B-NP
+half NN I-NP
+of IN B-PP
+the DT B-NP
+1.6 CD I-NP
+billion CD I-NP
+prescriptions NNS I-NP
+filled VBD B-VP
+each DT B-NP
+year NN I-NP
+are VBP B-VP
+n't RB I-VP
+used VBN I-VP
+properly RB B-ADVP
+, , O
+meaning VBG B-VP
+that DT O
+money NN B-NP
+is VBZ B-VP
+wasted VBN I-VP
+on IN B-PP
+some DT B-NP
+prescriptions NNS I-NP
+and CC O
+patients NNS B-NP
+are VBP B-VP
+deprived VBN I-VP
+of IN B-PP
+the DT B-NP
+benefits NNS I-NP
+of IN B-PP
+medication NN B-NP
+. . O
+
+`` `` O
+We PRP B-NP
+think VBP B-VP
+it PRP B-NP
+'s VBZ B-VP
+very RB B-ADJP
+important JJ I-ADJP
+to TO B-VP
+provide VB I-VP
+as IN B-NP
+much JJ I-NP
+information NN I-NP
+as IN B-PP
+possible JJ B-ADJP
+on IN B-PP
+the DT B-NP
+drugs NNS I-NP
+consumers NNS B-NP
+take VBP B-VP
+, , O
+'' '' O
+said VBD B-VP
+Searle NNP B-NP
+Chairman NNP I-NP
+Sheldon NNP I-NP
+Gilgore NNP I-NP
+. . O
+
+Bond NN B-NP
+prices NNS I-NP
+rambled VBD B-VP
+yesterday NN B-NP
+as IN B-SBAR
+investors NNS B-NP
+kept VBD B-VP
+close VB B-NP
+watch NN I-NP
+on IN B-PP
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+and CC O
+worried VBN B-VP
+about IN B-PP
+a DT B-NP
+wave NN I-NP
+of IN B-PP
+new JJ B-NP
+supply NN I-NP
+. . O
+
+Early JJ B-NP
+yesterday NN I-NP
+, , O
+bonds NNS B-NP
+rose VBD B-VP
+as IN B-SBAR
+investors NNS B-NP
+rushed VBD B-VP
+to TO I-VP
+buy VB I-VP
+Treasury NNP B-NP
+securities NNS I-NP
+on IN B-PP
+the DT B-NP
+prospect NN I-NP
+that IN B-SBAR
+stocks NNS B-NP
+would MD B-VP
+plummet VB I-VP
+in IN B-PP
+the DT B-NP
+aftermath NN I-NP
+of IN B-PP
+the DT B-NP
+massive JJ I-NP
+California NNP I-NP
+earthquake NN I-NP
+. . O
+
+For IN B-PP
+example NN B-NP
+, , O
+some DT B-NP
+securities NNS I-NP
+analysts NNS I-NP
+warned VBD B-VP
+that IN B-SBAR
+stocks NNS B-NP
+of IN B-PP
+certain JJ B-NP
+insurance NN I-NP
+companies NNS I-NP
+, , O
+which WDT B-NP
+face VBP B-VP
+massive JJ B-NP
+damage NN I-NP
+claims NNS I-NP
+, , O
+would MD B-VP
+get VB I-VP
+hit VB I-VP
+hard JJ B-ADVP
+. . O
+
+But CC O
+when WRB B-ADVP
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+rose VBD B-VP
+instead RB B-ADVP
+, , O
+bonds NNS B-NP
+drifted VBD B-VP
+lower JJR B-ADVP
+. . O
+
+With IN B-SBAR
+stocks NNS B-NP
+not RB B-NP
+a DT I-NP
+major JJ I-NP
+focus NN I-NP
+, , O
+`` `` O
+we PRP B-NP
+'re VBP B-VP
+waiting VBG I-VP
+for IN B-PP
+the DT B-NP
+next JJ I-NP
+guiding VBG I-NP
+light NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Brian NNP B-NP
+J. NNP I-NP
+Fabbri NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+at IN B-PP
+Midland NNP B-NP
+Montagu NNP I-NP
+Securities NNP I-NP
+Inc NNP I-NP
+. . O
+
+`` `` O
+If IN B-SBAR
+the DT B-NP
+stock NN I-NP
+market NN I-NP
+tremors NNS I-NP
+are VBP B-VP
+behind IN B-PP
+us PRP B-NP
+, , O
+then RB B-ADVP
+the DT B-NP
+bond NN I-NP
+market NN I-NP
+will MD B-VP
+go VB I-VP
+back RB B-ADVP
+to TO B-PP
+looking VBG B-VP
+at IN B-PP
+the DT B-NP
+next JJ I-NP
+batch NN I-NP
+of IN B-PP
+economic JJ B-NP
+numbers NNS I-NP
+to TO B-VP
+determine VB I-VP
+'' '' O
+where WRB B-ADVP
+interest NN B-NP
+rates NNS I-NP
+are VBP B-VP
+heading VBG I-VP
+. . O
+
+The DT B-NP
+Treasury NNP I-NP
+'s POS B-NP
+benchmark NN I-NP
+30-year JJ I-NP
+bond NN I-NP
+, , O
+which WDT B-NP
+jumped VBD B-VP
+3\/8 CD B-NP
+point NN I-NP
+, , O
+or CC O
+about RB B-NP
+$ $ I-NP
+3.75 CD I-NP
+for IN B-PP
+each DT B-NP
+$ $ I-NP
+1,000 CD I-NP
+face NN I-NP
+amount NN I-NP
+, , O
+during IN B-PP
+the DT B-NP
+first JJ I-NP
+hour NN I-NP
+of IN B-PP
+trading NN B-NP
+, , O
+ended VBD B-VP
+little RB B-VP
+changed VBN I-VP
+. . O
+
+Interest NN B-NP
+rates NNS I-NP
+barely RB B-VP
+budged VBD I-VP
+from IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+levels NNS I-NP
+. . O
+
+Most JJS B-NP
+junk NN I-NP
+bonds NNS I-NP
+, , O
+which WDT B-NP
+have VBP B-VP
+been VBN I-VP
+battered VBN I-VP
+in IN B-PP
+recent JJ B-NP
+weeks NNS I-NP
+, , O
+continued VBD B-VP
+a DT B-NP
+slow JJ I-NP
+recuperation NN I-NP
+and CC O
+ended VBD B-VP
+unchanged JJ B-ADJP
+to TO O
+slightly RB B-ADJP
+higher JJR I-ADJP
+. . O
+
+But CC O
+some DT B-NP
+so-called JJ I-NP
+high-quality JJ I-NP
+junk NN I-NP
+issues NNS I-NP
+fell VBD B-VP
+as IN B-SBAR
+some DT B-NP
+mutual JJ I-NP
+funds NNS I-NP
+sold VBD B-VP
+their PRP$ B-NP
+most RBS I-NP
+liquid JJ I-NP
+issues NNS I-NP
+to TO B-VP
+raise VB I-VP
+cash NN B-NP
+. . O
+
+RJR NNP B-NP
+Holdings NNP I-NP
+Capital NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+14.7 CD B-ADJP
+% NN I-ADJP
+bonds NNS B-NP
+due JJ B-ADJP
+2009 CD B-NP
+fell VBD B-VP
+one CD B-NP
+point NN I-NP
+. . O
+
+Other NNP B-NP
+RJR NNP I-NP
+issues NNS I-NP
+fell VBD B-VP
+between IN B-PP
+1\/2 CD B-NP
+point NN I-NP
+and CC O
+1 CD B-NP
+1\/2 CD I-NP
+point NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+latest JJS I-NP
+sign NN I-NP
+of IN B-PP
+how WRB B-ADJP
+difficult JJ I-ADJP
+it PRP B-NP
+is VBZ B-VP
+to TO B-VP
+place VB I-VP
+certain JJ B-NP
+junk NN I-NP
+bonds NNS I-NP
+, , O
+Continental NNP B-NP
+Airlines NNPS I-NP
+said VBD B-VP
+it PRP B-NP
+was VBD B-VP
+forced VBN I-VP
+to TO I-VP
+scale VB I-VP
+back RB B-PRT
+the DT B-NP
+size NN I-NP
+of IN B-PP
+its PRP$ B-NP
+latest JJS I-NP
+offering NN I-NP
+. . O
+
+Continental NNP B-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Texas NNP B-NP
+Air NNP I-NP
+Corp. NNP I-NP
+, , O
+slashed VBD B-VP
+the DT B-NP
+size NN I-NP
+of IN B-PP
+its PRP$ B-NP
+note NN I-NP
+offering NN I-NP
+from IN B-PP
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+to TO B-PP
+$ $ B-NP
+71 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+move NN I-NP
+had VBD B-VP
+been VBN I-VP
+widely RB B-ADJP
+expected VBN I-ADJP
+. . O
+
+In IN B-PP
+the DT B-NP
+multipart JJ I-NP
+offering NN I-NP
+, , O
+the DT B-NP
+company NN I-NP
+sold VBD B-VP
+a DT B-NP
+portion NN I-NP
+of IN B-PP
+secured VBN B-NP
+notes NNS I-NP
+but CC O
+shelved VBD B-VP
+all PDT B-NP
+the DT I-NP
+unsecured JJ I-NP
+notes NNS I-NP
+. . O
+
+A DT B-NP
+Continental NNP I-NP
+spokeswoman NN I-NP
+said VBD B-VP
+the DT B-NP
+notes NNS I-NP
+may MD B-VP
+be VB I-VP
+offered VBN I-VP
+at IN B-PP
+a DT B-NP
+later JJ I-NP
+date NN I-NP
+. . O
+
+`` `` O
+This DT B-NP
+was VBD B-VP
+not RB O
+a DT B-NP
+do-or-die JJ I-NP
+deal NN I-NP
+, , O
+'' '' O
+she PRP B-NP
+said VBD B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+think VBP B-VP
+this DT B-NP
+is VBZ B-VP
+a DT B-NP
+market NN I-NP
+that WDT B-NP
+required VBD B-VP
+some DT B-NP
+level NN I-NP
+of IN B-PP
+security NN B-NP
+. . O
+
+It PRP B-NP
+did VBD B-VP
+not RB I-VP
+make VB I-VP
+sense NN B-NP
+to TO B-VP
+offer VB I-VP
+unsecured JJ B-NP
+paper NN I-NP
+in IN B-PP
+an DT B-NP
+unsettling JJ I-NP
+market NN I-NP
+. . O
+'' '' O
+
+Investors NNS B-NP
+have VBP B-VP
+been VBN I-VP
+speculating VBG I-VP
+for IN B-PP
+weeks NNS B-NP
+about IN B-PP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+ability NN I-NP
+to TO B-VP
+place VB I-VP
+the DT B-NP
+$ $ I-NP
+7 CD I-NP
+billion CD I-NP
+to TO I-NP
+$ $ I-NP
+10 CD I-NP
+billion CD I-NP
+of IN B-PP
+new JJ B-NP
+junk NN I-NP
+bonds NNS I-NP
+scheduled VBN B-VP
+to TO B-VP
+be VB I-VP
+sold VBN I-VP
+by IN B-PP
+year NN B-NP
+end NN I-NP
+. . O
+
+Supply NN B-NP
+troubles NNS I-NP
+were VBD B-VP
+also RB B-ADVP
+on IN B-PP
+the DT B-NP
+minds NNS I-NP
+of IN B-PP
+Treasury NNP B-NP
+investors NNS I-NP
+yesterday NN B-NP
+, , O
+who WP B-NP
+worried VBD B-VP
+about IN B-PP
+the DT B-NP
+flood NN I-NP
+of IN B-PP
+new JJ B-NP
+government NN I-NP
+securities NNS I-NP
+coming VBG B-VP
+next JJ B-NP
+week NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+'re VBP B-VP
+being VBG I-VP
+bombarded VBN I-VP
+by IN B-PP
+new JJ B-NP
+Treasury NNP I-NP
+and CC I-NP
+agency NN I-NP
+debt NN I-NP
+offerings NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+William NNP B-NP
+Sullivan NNP I-NP
+Jr. NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+money-market JJ B-NP
+research NN I-NP
+at IN B-PP
+Dean NNP B-NP
+Witter NNP I-NP
+Reynolds NNP I-NP
+Inc NNP I-NP
+. . O
+
+`` `` O
+The DT B-NP
+market NN I-NP
+is VBZ B-VP
+concerned VBN B-ADJP
+about IN B-PP
+its PRP$ B-NP
+ability NN I-NP
+to TO B-VP
+underwrite VB I-VP
+all PDT B-NP
+this DT I-NP
+debt NN I-NP
+at IN B-PP
+current JJ B-NP
+levels NNS I-NP
+. . O
+'' '' O
+
+In IN B-PP
+addition NN B-NP
+to TO B-PP
+the DT B-NP
+$ $ I-NP
+15.6 CD I-NP
+billion CD I-NP
+of IN B-PP
+Treasury NNP B-NP
+bills NNS I-NP
+to TO B-VP
+be VB I-VP
+sold VBN I-VP
+at IN B-PP
+next JJ B-NP
+week NN I-NP
+'s POS B-NP
+regular JJ I-NP
+Monday NNP I-NP
+auction NN I-NP
+, , O
+the DT B-NP
+government NN I-NP
+will MD B-VP
+sell VB I-VP
+$ $ B-NP
+10 CD I-NP
+billion CD I-NP
+of IN B-PP
+new JJ B-NP
+two-year JJ I-NP
+Treasury NNP I-NP
+notes NNS I-NP
+. . O
+
+And CC O
+Resolution NNP B-NP
+Funding NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+late JJ B-NP
+yesterday NN I-NP
+that IN B-SBAR
+it PRP B-NP
+will MD B-VP
+sell VB I-VP
+$ $ B-NP
+4.5 CD I-NP
+billion CD I-NP
+of IN B-PP
+30-year JJ B-NP
+bonds NNS I-NP
+Wednesday NNP B-NP
+. . O
+
+Refcorp NNP B-NP
+is VBZ B-VP
+the DT B-NP
+financing NN I-NP
+unit NN I-NP
+of IN B-PP
+Resolution NNP B-NP
+Trust NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+new JJ I-NP
+government NN I-NP
+agency NN I-NP
+created VBN B-VP
+to TO B-VP
+rescue VB I-VP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+troubled JJ I-NP
+thrifts NNS I-NP
+. . O
+
+Its PRP$ B-NP
+securities NNS I-NP
+have VBP B-VP
+been VBN I-VP
+dubbed VBN I-VP
+`` `` O
+bailout NN B-NP
+bonds NNS I-NP
+'' '' O
+by IN B-PP
+traders NNS B-NP
+. . O
+
+In IN B-PP
+when-issued JJ B-NP
+trading NN I-NP
+, , O
+the DT B-NP
+two-year JJ I-NP
+Treasurys NNPS I-NP
+had VBD B-VP
+a DT B-NP
+yield NN I-NP
+of IN B-PP
+about IN B-NP
+7.88 CD I-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+municipal JJ I-NP
+market NN I-NP
+, , O
+all DT B-NP
+eyes NNS I-NP
+were VBD B-VP
+on IN B-PP
+California NNP B-NP
+debt NN I-NP
+as IN B-SBAR
+investors NNS B-NP
+tried VBD B-VP
+to TO I-VP
+gauge VB I-VP
+the DT B-NP
+financial JJ I-NP
+ramifications NNS I-NP
+of IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+. . O
+
+But CC O
+traders NNS B-NP
+said VBD B-VP
+the DT B-NP
+quake NN I-NP
+had VBD B-VP
+only RB B-NP
+a DT I-NP
+minor JJ I-NP
+impact NN I-NP
+on IN B-PP
+the DT B-NP
+trading NN I-NP
+of IN B-PP
+California NNP B-NP
+state NN I-NP
+and CC I-NP
+local JJ I-NP
+municipal JJ I-NP
+debt NN I-NP
+. . O
+
+`` `` O
+There EX B-NP
+are VBP B-VP
+certain JJ B-NP
+bonds NNS I-NP
+traders NNS B-NP
+refer VBP B-VP
+to TO B-PP
+as IN B-PP
+` `` B-NP
+earthquake NN I-NP
+' '' I-NP
+bonds NNS I-NP
+because IN B-SBAR
+the DT B-NP
+-LRB- ( I-NP
+issuers NNS I-NP
+-RRB- ) O
+are VBP B-VP
+on IN B-PP
+top NN B-NP
+of IN B-PP
+the DT B-NP
+San NNP I-NP
+Andreas NNP I-NP
+fault NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Zane NNP B-NP
+Mann NNP I-NP
+, , O
+editor NN B-NP
+of IN B-PP
+the DT B-NP
+California NNP I-NP
+Municipal NNP I-NP
+Bond NNP I-NP
+Advisor NNP I-NP
+, , O
+a DT B-NP
+newsletter NN I-NP
+for IN B-PP
+investors NNS B-NP
+. . O
+
+Since IN B-SBAR
+those DT B-NP
+bonds NNS I-NP
+already RB B-ADVP
+pay VBP B-VP
+a DT B-NP
+slightly RB I-NP
+higher JJR I-NP
+yield VB I-NP
+, , O
+an DT B-NP
+extra JJ I-NP
+premium NN I-NP
+for IN B-PP
+the DT B-NP
+earthquake NN I-NP
+risk NN I-NP
+, , O
+they PRP B-NP
+were VBD B-VP
+n't RB I-VP
+materially RB I-VP
+affected VBN I-VP
+. . O
+
+But CC O
+some DT B-NP
+bond NN I-NP
+market NN I-NP
+analysts NNS I-NP
+said VBD B-VP
+that WDT B-NP
+could MD B-VP
+quickly RB I-VP
+change VB I-VP
+if IN B-SBAR
+property NN B-NP
+casualty NN I-NP
+insurance NN I-NP
+companies NNS I-NP
+scramble VBP B-VP
+to TO I-VP
+sell VB I-VP
+portions NNS B-NP
+of IN B-PP
+their PRP$ B-NP
+municipal JJ I-NP
+portfolios NNS I-NP
+to TO B-VP
+raise VB I-VP
+cash NN B-NP
+to TO B-VP
+pay VB I-VP
+damage NN B-NP
+claims NNS I-NP
+. . O
+
+`` `` O
+Insurance NNP B-NP
+companies NNS I-NP
+will MD B-VP
+foot VB I-VP
+a DT B-NP
+substantial JJ I-NP
+amount NN I-NP
+of IN B-PP
+the DT B-NP
+bill NN I-NP
+to TO B-VP
+reconstruct VB I-VP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+Charles NNP B-NP
+Lieberman NNP I-NP
+, , O
+chief JJ B-NP
+economist NN I-NP
+at IN B-PP
+Manufacturers NNP B-NP
+Hanover NNP I-NP
+Securities NNP I-NP
+Corp NNP I-NP
+. . O
+
+He PRP B-NP
+also RB B-ADVP
+expects VBZ B-VP
+the DT B-NP
+performance NN I-NP
+of IN B-PP
+municipals NNS B-NP
+to TO B-VP
+lag VB I-VP
+Treasurys NNPS B-NP
+as IN B-SBAR
+California NNP B-NP
+is VBZ B-VP
+forced VBN I-VP
+to TO I-VP
+issue VB I-VP
+new JJ B-NP
+debt NN I-NP
+over IN B-PP
+time NN B-NP
+to TO B-VP
+repair VB I-VP
+public JJ B-NP
+facilities NNS I-NP
+. . O
+
+A DT B-NP
+report NN I-NP
+issued VBD B-VP
+late JJ B-NP
+yesterday NN I-NP
+by IN B-PP
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+Corp. NNP I-NP
+concluded VBD B-VP
+the DT B-NP
+quake NN I-NP
+wo MD B-VP
+n't RB I-VP
+cause VB I-VP
+`` `` O
+wide-scale JJ B-NP
+credit NN I-NP
+deterioration NN I-NP
+'' '' O
+for IN B-PP
+issuers NNS B-NP
+and CC O
+debt NN B-NP
+issues NNS I-NP
+in IN B-PP
+the DT B-NP
+12-county JJ I-NP
+area NN I-NP
+of IN B-PP
+Northern NNP B-NP
+California NNP I-NP
+affected VBN B-VP
+by IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+Treasury NNP B-NP
+Securities NNPS I-NP
+
+Treasury NN B-NP
+bonds NNS I-NP
+ended VBD B-VP
+narrowly RB B-ADJP
+mixed VBN I-ADJP
+in IN B-PP
+quiet JJ B-NP
+trading NN I-NP
+. . O
+
+The DT B-NP
+benchmark NN I-NP
+30-year JJ I-NP
+bond NN I-NP
+ended VBD B-VP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+of IN B-PP
+100 CD B-NP
+29\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+8.03 CD B-NP
+% NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+100 CD B-NP
+28\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+8.04 CD B-NP
+% NN I-NP
+Tuesday NNP B-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+10-year JJ I-NP
+notes NNS I-NP
+were VBD B-VP
+quoted VBN I-VP
+late RB B-ADVP
+at IN B-PP
+a DT B-NP
+price NN I-NP
+of IN B-PP
+99 CD B-NP
+26\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+8 CD B-NP
+% NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+99 CD B-NP
+25\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+8.01 CD B-NP
+% NN I-NP
+. . O
+
+Short-term JJ B-NP
+rates NNS I-NP
+were VBD B-VP
+little RB I-VP
+changed VBN I-VP
+. . O
+
+Corporate JJ B-NP
+Issues NNS I-NP
+
+Investment-grade JJ B-NP
+corporate JJ I-NP
+bonds NNS I-NP
+ended VBD B-VP
+1\/4 CD B-NP
+point NN I-NP
+lower JJR B-ADJP
+. . O
+
+The DT B-NP
+Continental NNP I-NP
+junk NN I-NP
+bond NN I-NP
+offering NN I-NP
+, , O
+underwritten VBN B-VP
+by IN B-PP
+Drexel NNP B-NP
+Burnham NNP I-NP
+Lambert NNP I-NP
+Inc. NNP I-NP
+, , O
+was VBD B-VP
+the DT B-NP
+only RB I-NP
+new JJ I-NP
+issue NN I-NP
+priced VBD B-VP
+yesterday NN B-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+four-part JJ I-NP
+offering NN I-NP
+, , O
+the DT B-NP
+$ $ I-NP
+71 CD I-NP
+million CD I-NP
+of IN B-PP
+secured VBN B-NP
+equipment NN I-NP
+certificates NNS I-NP
+was VBD B-VP
+priced VBN I-VP
+to TO B-VP
+yield VB I-VP
+13.75 CD B-NP
+% NN I-NP
+to TO O
+15.75 CD B-NP
+% NN I-NP
+. . O
+
+Municipals NNS B-NP
+
+Municipal JJ B-NP
+bonds NNS I-NP
+ended VBD B-VP
+about IN B-NP
+1\/8 CD I-NP
+to TO I-NP
+3\/8 CD I-NP
+point NN I-NP
+lower RBR B-ADJP
+, , O
+hurt VBN B-VP
+by IN B-PP
+the DT B-NP
+circulation NN I-NP
+of IN B-PP
+two CD B-NP
+`` `` I-NP
+bid-wanted JJ I-NP
+'' '' I-NP
+lists NNS I-NP
+totaling VBG B-VP
+$ $ B-NP
+655 CD I-NP
+million CD I-NP
+. . O
+
+Chemical NNP B-NP
+Securities NNP I-NP
+Inc. NNP I-NP
+is VBZ B-VP
+acting VBG I-VP
+as IN B-PP
+agent NN B-NP
+for IN B-PP
+the DT B-NP
+seller NN I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+some DT B-NP
+California NNP I-NP
+issues NNS I-NP
+were VBD B-VP
+down RP B-ADVP
+a DT B-NP
+touch NN I-NP
+more JJR B-ADJP
+than IN B-PP
+the DT B-NP
+broad JJ I-NP
+market NN I-NP
+, , O
+but CC O
+traders NNS B-NP
+said VBD B-VP
+there EX B-NP
+had VBD B-VP
+n't RB I-VP
+been VBN I-VP
+much JJ B-NP
+investor NN I-NP
+selling VBG I-NP
+because IN B-PP
+of IN I-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+But CC O
+New NNP B-NP
+York NNP I-NP
+City NNP I-NP
+general JJ I-NP
+obligation NN I-NP
+bonds NNS I-NP
+came VBD B-VP
+under IN B-PP
+selling VBG B-NP
+pressure NN I-NP
+. . O
+
+Traders NNS B-NP
+said VBD B-VP
+a DT B-NP
+steady JJ I-NP
+stream NN I-NP
+of IN B-PP
+bonds NNS B-NP
+was VBD B-VP
+put VBN I-VP
+up IN B-ADVP
+for IN B-PP
+sale NN B-NP
+yesterday NN B-NP
+, , O
+pushing VBG B-VP
+yields NNS B-NP
+for IN B-PP
+longer RB B-NP
+maturities NNS I-NP
+up IN B-ADVP
+0.05 CD B-NP
+percentage NN I-NP
+point NN I-NP
+. . O
+
+Traders NNS B-NP
+said VBD B-VP
+investors NNS B-NP
+were VBD B-VP
+reacting VBG I-VP
+to TO B-PP
+recent JJ B-NP
+negative JJ I-NP
+news NN I-NP
+on IN B-PP
+the DT B-NP
+city NN I-NP
+'s POS B-NP
+finances NNS I-NP
+and CC O
+are VBP B-VP
+nervous JJ B-ADJP
+ahead RB B-PP
+of IN B-PP
+the DT B-NP
+Nov. NNP I-NP
+7 CD I-NP
+election NN I-NP
+. . O
+
+Washington NNP B-NP
+, , O
+D.C. NNP B-NP
+, , O
+topped VBD B-VP
+the DT B-NP
+competitive JJ I-NP
+slate NN I-NP
+yesterday NN B-NP
+with IN B-PP
+a DT B-NP
+sale NN I-NP
+of IN B-PP
+$ $ B-NP
+200 CD I-NP
+million CD I-NP
+of IN B-PP
+general JJ B-NP
+obligation NN I-NP
+tax NN I-NP
+revenue NN I-NP
+anticipation NN I-NP
+notes NNS I-NP
+. . O
+
+In IN B-PP
+late JJ B-NP
+trading NN I-NP
+, , O
+New NNP B-NP
+Jersey NNP I-NP
+Turnpike NNP I-NP
+Authority NNP I-NP
+'s POS B-NP
+7.20 CD B-ADJP
+% NN I-ADJP
+issue NN B-NP
+of IN B-PP
+2018 CD B-NP
+was VBD B-VP
+off IN B-ADVP
+1\/4 CD B-NP
+point NN I-NP
+at IN B-PP
+98 CD B-NP
+bid NN B-VP
+. . O
+
+The DT B-NP
+yield NN I-NP
+was VBD B-VP
+7.35 CD B-NP
+% NN I-NP
+, , O
+up IN B-ADVP
+0.01 CD B-NP
+percentage NN I-NP
+point NN I-NP
+. . O
+
+Mortgage-Backed JJ B-NP
+Securities NNPS I-NP
+
+Mortgage NN B-NP
+securities NNS I-NP
+ended VBD B-VP
+little RB B-ADJP
+changed VBN I-ADJP
+after IN B-PP
+light NN B-NP
+dealings NNS I-NP
+. . O
+
+There EX B-NP
+was VBD B-VP
+no DT B-NP
+appreciable JJ I-NP
+market NN I-NP
+impact NN I-NP
+from IN B-PP
+the DT B-NP
+California NNP I-NP
+earthquake NN I-NP
+. . O
+
+Dealers NNS B-NP
+said VBD B-VP
+there EX B-NP
+was VBD B-VP
+some DT B-NP
+concern NN I-NP
+that IN B-SBAR
+insurance NN B-NP
+companies NNS I-NP
+might MD B-VP
+be VB I-VP
+forced VBN I-VP
+to TO I-VP
+sell VB I-VP
+mortgage NN B-NP
+securities NNS I-NP
+to TO B-VP
+help VB I-VP
+pay VB I-VP
+earthquake-related JJ B-NP
+claims NNS I-NP
+, , O
+but CC O
+no DT B-NP
+selling NN I-NP
+materialized VBD B-VP
+. . O
+
+The DT B-NP
+Federal NNP I-NP
+Home NNP I-NP
+Loan NNP I-NP
+Mortgage NNP I-NP
+Corp. NNP I-NP
+and CC I-NP
+Federal NNP I-NP
+National NNP I-NP
+Mortgage NNP I-NP
+Association NNP I-NP
+, , O
+two CD B-NP
+dominant JJ I-NP
+issuers NNS I-NP
+of IN B-PP
+mortgage NN B-NP
+securities NNS I-NP
+, , O
+have VBP B-VP
+a DT B-NP
+sizable JJ I-NP
+amount NN I-NP
+of IN B-PP
+California NNP B-NP
+home NN I-NP
+loans NNS I-NP
+in IN B-PP
+their PRP$ B-NP
+mortgagebacked JJ I-NP
+pools NNS I-NP
+. . O
+
+But CC O
+their PRP$ B-NP
+potential JJ I-NP
+quake NN I-NP
+exposure NN I-NP
+is VBZ B-VP
+seen VBN I-VP
+as IN B-PP
+small JJ B-ADJP
+given VBN B-PP
+that IN B-SBAR
+they PRP B-NP
+require VBP B-VP
+a DT B-NP
+financial JJ I-NP
+cushion NN I-NP
+on IN B-PP
+all PDT B-NP
+the DT I-NP
+loans NNS I-NP
+they PRP B-NP
+purchase VBP B-VP
+. . O
+
+And CC O
+because IN B-SBAR
+Northern NNP B-NP
+California NNP I-NP
+home NN I-NP
+prices NNS I-NP
+are VBP B-VP
+so RB B-ADJP
+high JJ I-ADJP
+, , O
+loans VBZ B-NP
+from IN B-PP
+the DT B-NP
+region NN I-NP
+often RB B-ADVP
+are VBP B-VP
+too RB B-ADJP
+large JJ I-ADJP
+to TO B-VP
+be VB I-VP
+included VBN I-VP
+in IN B-PP
+Freddie NNP B-NP
+Mac NNP I-NP
+and CC I-NP
+Fannie NNP I-NP
+Mae NNP I-NP
+pools NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+Government NNP B-NP
+National NNP I-NP
+Mortgage NNP I-NP
+Association NNP I-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+for IN B-PP
+November NNP B-NP
+delivery NN I-NP
+ended VBD B-VP
+at IN B-PP
+97 CD B-NP
+29\/32 CD I-NP
+, , O
+unchanged JJ B-ADJP
+. . O
+
+Freddie NNP B-NP
+Mac NNP I-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+were VBD B-VP
+at IN B-PP
+97 CD B-NP
+4\/32 CD I-NP
+, , O
+down RB B-ADVP
+1\/32 CD B-NP
+. . O
+
+In IN B-PP
+derivative JJ B-NP
+markets NNS I-NP
+, , O
+Fannie NNP B-NP
+Mae NNP I-NP
+issued VBD B-VP
+two CD B-NP
+$ $ I-NP
+400 CD I-NP
+million CD I-NP
+real JJ I-NP
+estate NN I-NP
+mortgage NN I-NP
+investment NN I-NP
+conduits NNS I-NP
+backed VBN B-VP
+by IN B-PP
+its PRP$ B-NP
+9 CD I-NP
+% NN I-NP
+securities NNS I-NP
+. . O
+
+Foreign JJ B-NP
+Bonds NNS I-NP
+
+British JJ B-NP
+government NN I-NP
+bonds NNS I-NP
+, , O
+or CC O
+gilts NNS B-NP
+, , O
+ended VBD B-VP
+moderately RB B-ADJP
+lower JJR I-ADJP
+as IN B-SBAR
+equities NNS B-NP
+there RB B-ADVP
+recovered VBD B-VP
+from IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+drop NN I-NP
+. . O
+
+The DT B-NP
+Treasury NNP I-NP
+'s POS B-NP
+11 CD B-ADJP
+3\/4 CD I-ADJP
+% NN I-ADJP
+bond NN B-NP
+due JJ B-ADJP
+2003\/2007 CD B-NP
+fell VBD B-VP
+11\/32 CD B-NP
+to TO B-PP
+111 CD B-NP
+31\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+10.08 CD B-NP
+% NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+12 CD I-NP
+% NN I-NP
+notes NNS I-NP
+due JJ B-ADJP
+1995 CD B-NP
+were VBD B-VP
+down RB B-ADVP
+7\/32 CD B-NP
+to TO B-PP
+103 CD B-NP
+22\/32 CD I-NP
+to TO B-VP
+yield VB I-VP
+11.04 CD B-NP
+% NN I-NP
+. . O
+
+Traders NNS B-NP
+said VBD B-VP
+today NN B-NP
+may MD B-VP
+be VB I-VP
+an DT B-NP
+anxious JJ I-NP
+day NN I-NP
+for IN B-PP
+the DT B-NP
+market NN I-NP
+. . O
+
+Several JJ B-NP
+key JJ I-NP
+economic JJ I-NP
+figures NNS I-NP
+are VBP B-VP
+due JJ B-ADJP
+out IN I-ADJP
+and CC O
+Chancellor NNP O
+of IN B-PP
+the DT B-NP
+Exchequer NNP I-NP
+Nigel NNP B-NP
+Lawson NNP I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+give VB I-VP
+the DT B-NP
+annual JJ I-NP
+`` `` I-NP
+Mansion NNP I-NP
+House NNP I-NP
+'' '' I-NP
+address NN I-NP
+to TO B-PP
+the DT B-NP
+financial JJ I-NP
+community NN I-NP
+. . O
+
+The DT B-NP
+chancellor NN I-NP
+sometimes RB B-ADVP
+has VBZ B-VP
+used VBN I-VP
+the DT B-NP
+occasion NN I-NP
+to TO B-VP
+announce VB I-VP
+major JJ B-NP
+economic JJ I-NP
+policy NN I-NP
+changes NNS I-NP
+. . O
+
+Economists NNS B-NP
+do VBP B-VP
+n't RB I-VP
+expect VB I-VP
+any DT B-NP
+such JJ I-NP
+changes NNS I-NP
+in IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+address NN I-NP
+, , O
+given VBN B-PP
+Mr. NNP B-NP
+Lawson NNP I-NP
+'s POS B-NP
+apparent JJ I-NP
+reluctance NN I-NP
+to TO B-VP
+adjust VB I-VP
+policy NN B-NP
+currently RB B-ADVP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+Japanese JJ B-NP
+government NN I-NP
+bonds NNS I-NP
+retreated VBD B-VP
+in IN B-PP
+quiet JJ B-NP
+trading NN I-NP
+, , O
+stymied VBN B-VP
+by IN B-PP
+the DT B-NP
+dollar NN I-NP
+'s POS B-NP
+resiliency NN I-NP
+. . O
+
+Japan NNP B-NP
+'s POS B-NP
+bellwether NN O
+4.6 CD B-ADJP
+% NN I-ADJP
+bond NN B-NP
+due JJ B-ADJP
+1998 CD B-NP
+ended VBD B-VP
+on IN B-PP
+brokers NNS B-NP
+' POS B-NP
+screens NNS I-NP
+at IN B-PP
+95.75 CD B-NP
+to TO B-VP
+yield VB I-VP
+5.315 CD B-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+, , O
+investors NNS B-NP
+stayed VBD B-VP
+on IN B-PP
+the DT B-NP
+sidelines NNS I-NP
+as IN B-SBAR
+the DT B-NP
+bond NN I-NP
+market NN I-NP
+searched VBD B-VP
+for IN B-PP
+direction NN B-NP
+. . O
+
+The DT B-NP
+government NN I-NP
+'s POS B-NP
+7 CD B-ADJP
+% NN I-ADJP
+issue NN B-NP
+due JJ B-ADJP
+October NNP B-NP
+1999 CD I-NP
+fell VBD B-VP
+0.05 CD B-NP
+point NN I-NP
+to TO B-PP
+99.90 CD B-NP
+to TO B-VP
+yield VB I-VP
+7.01 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+Berlin NNP I-NP
+Wall NNP I-NP
+still RB B-ADVP
+stands VBZ B-VP
+. . O
+
+But CC O
+the DT B-NP
+man NN I-NP
+who WP B-NP
+built VBD B-VP
+it PRP B-NP
+has VBZ B-VP
+fallen VBN I-VP
+. . O
+
+East NNP B-NP
+Germany NNP I-NP
+yesterday NN B-NP
+removed VBN B-VP
+Erich NNP B-NP
+Honecker NNP I-NP
+, , O
+one CD B-NP
+of IN B-PP
+the DT B-NP
+staunchest JJS I-NP
+holdouts NNS I-NP
+against IN B-PP
+the DT B-NP
+reform NN I-NP
+rumbling VBG B-VP
+through IN B-PP
+the DT B-NP
+Communist NNP I-NP
+world NN I-NP
+, , O
+in IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+win VB I-VP
+back RB B-ADVP
+the DT B-NP
+confidence NN I-NP
+of IN B-PP
+its PRP$ B-NP
+increasingly RB I-NP
+rebellious JJ I-NP
+citizens NNS I-NP
+. . O
+
+But CC O
+while IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+a DT B-NP
+move NN I-NP
+that WDT B-NP
+stunned VBD B-VP
+the DT B-NP
+East NNP I-NP
+bloc NN I-NP
+, , O
+it PRP B-NP
+hardly RB B-ADVP
+ushers VBZ B-VP
+in IN B-ADVP
+an DT B-NP
+era NN I-NP
+of IN B-PP
+reform NN B-NP
+-- : O
+at IN B-ADVP
+least JJS I-ADVP
+anytime RB I-ADVP
+soon RB I-ADVP
+. . O
+
+For IN O
+the DT B-NP
+Politburo NNP I-NP
+replaced VBD B-VP
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+who WP B-NP
+had VBD B-VP
+led VBN I-VP
+East NNP B-NP
+Germany NNP I-NP
+for IN B-PP
+18 CD B-NP
+years NNS I-NP
+and CC O
+before IN B-PP
+that DT B-NP
+headed VBD B-VP
+its PRP$ B-NP
+security NN I-NP
+apparatus NN I-NP
+, , O
+with IN B-PP
+a DT B-NP
+man NN I-NP
+cut NN B-VP
+of IN B-PP
+the DT B-NP
+same JJ I-NP
+cloth NN I-NP
+: : O
+Egon NNP B-NP
+Krenz NNP I-NP
+, , O
+the DT B-NP
+most RBS I-NP
+recent JJ I-NP
+internal-security NN I-NP
+chief NN I-NP
+and CC O
+a DT B-NP
+longtime JJ I-NP
+Honecker NNP I-NP
+protege NN I-NP
+. . O
+
+East NNP B-NP
+Germany NNP I-NP
+, , O
+it PRP B-NP
+is VBZ B-VP
+clear JJ B-ADJP
+, , O
+is VBZ B-VP
+no DT B-NP
+Poland NNP I-NP
+, , O
+where WRB B-ADVP
+the DT B-NP
+Communist NNP I-NP
+Party NNP I-NP
+now RB B-ADVP
+shares NNS B-VP
+power VBP B-NP
+with IN B-PP
+the DT B-NP
+democratically RB I-NP
+elected VBN I-NP
+Solidarity NNP I-NP
+union NN I-NP
+. . O
+
+Nor CC O
+is VBZ O
+it PRP B-NP
+a DT B-NP
+Hungary NNP I-NP
+, , O
+where WRB B-ADVP
+yesterday NN B-NP
+the DT B-NP
+parliament NN I-NP
+approved VBD B-VP
+constitutional JJ B-NP
+changes NNS I-NP
+meant VBD B-VP
+to TO I-VP
+help VB I-VP
+turn VB I-VP
+the DT B-NP
+Communist NNP I-NP
+nation NN I-NP
+into IN B-PP
+a DT B-NP
+multiparty NN I-NP
+democracy NN I-NP
+. . O
+
+Still RB B-ADVP
+, , O
+any DT B-NP
+change NN I-NP
+in IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+has VBZ B-VP
+enormous JJ B-NP
+implications NNS I-NP
+, , O
+for IN B-PP
+both DT B-NP
+East NNP I-NP
+and CC I-NP
+West NNP I-NP
+. . O
+
+It PRP B-NP
+raises VBZ B-VP
+the DT B-NP
+long-cherished JJ I-NP
+hopes NNS I-NP
+of IN B-PP
+many JJ B-NP
+Germans NNPS I-NP
+for IN B-PP
+reunification NN B-NP
+-- : O
+a DT B-NP
+prospect NN I-NP
+that IN B-NP
+almost RB B-VP
+equally RB I-VP
+alarms VBZ I-VP
+political JJ B-NP
+leaders NNS I-NP
+in IN B-PP
+Moscow NNP B-NP
+, , O
+Washington NNP B-NP
+and CC O
+Western NNP B-NP
+Europe NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Krenz NNP I-NP
+, , O
+52 CD B-NP
+, , O
+was VBD B-VP
+named VBN I-VP
+the DT B-NP
+new JJ I-NP
+party NN I-NP
+chief NN I-NP
+just RB B-NP
+minutes NNS I-NP
+after IN B-SBAR
+the DT B-NP
+Party NNP I-NP
+'s POS B-NP
+163-member NNP I-NP
+Central NNP I-NP
+Committee NNP I-NP
+convened VBD B-VP
+in IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+. . O
+
+Although IN B-SBAR
+the DT B-NP
+East JJ I-NP
+German JJ I-NP
+news NN I-NP
+agency NN I-NP
+ADN NNP I-NP
+claimed VBD B-VP
+Mr. NNP B-NP
+Honecker NNP I-NP
+had VBD B-VP
+asked VBN I-VP
+to TO I-VP
+be VB I-VP
+relieved VBN I-VP
+of IN B-PP
+his PRP$ B-NP
+duties NNS I-NP
+for IN B-PP
+`` `` O
+health NN B-NP
+reasons NNS I-NP
+, , O
+'' '' O
+West JJ B-NP
+German JJ I-NP
+government NN I-NP
+sources NNS I-NP
+said VBD B-VP
+the DT B-NP
+26-man NNP I-NP
+Politburo NNP I-NP
+had VBD B-VP
+asked VBN I-VP
+for IN B-PP
+his PRP$ B-NP
+resignation NN I-NP
+at IN B-PP
+a DT B-NP
+separate JJ I-NP
+meeting NN I-NP
+late JJ B-NP
+Tuesday NNP I-NP
+. . O
+
+-LRB- ( O
+Mr. NNP B-NP
+Honecker NNP I-NP
+was VBD B-VP
+twice RB I-VP
+hospitalized VBN I-VP
+this DT B-NP
+summer NN I-NP
+for IN B-PP
+a DT B-NP
+gall NN I-NP
+bladder NN I-NP
+ailment NN I-NP
+and CC O
+his PRP$ B-NP
+physical JJ I-NP
+condition NN I-NP
+has VBZ B-VP
+been VBN I-VP
+the DT B-NP
+subject NN I-NP
+of IN B-PP
+intense JJ B-NP
+speculation NN I-NP
+in IN B-PP
+the DT B-NP
+Western JJ I-NP
+media NNS I-NP
+. . O
+-RRB- ) O
+
+ADN NNP B-NP
+said VBD B-VP
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+a DT B-NP
+hard-line JJ I-NP
+Stalinist JJ I-NP
+who WP B-NP
+in IN B-PP
+1961 CD B-NP
+supervised VBD B-VP
+the DT B-NP
+construction NN I-NP
+of IN B-PP
+the DT B-NP
+Berlin NNP I-NP
+Wall NNP I-NP
+, , O
+also RB B-ADVP
+was VBD B-VP
+relieved VBN I-VP
+of IN B-PP
+his PRP$ B-NP
+title NN I-NP
+as IN B-PP
+head NN B-NP
+of IN B-PP
+state NN B-NP
+and CC O
+his PRP$ B-NP
+position NN I-NP
+as IN B-PP
+chief NN B-NP
+of IN B-PP
+the DT B-NP
+military NN I-NP
+. . O
+
+Mr. NNP B-NP
+Krenz NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+formally RB I-VP
+named VBN I-VP
+to TO B-PP
+all DT B-NP
+three CD I-NP
+positions NNS I-NP
+once RB B-SBAR
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+parliament NN I-NP
+convenes VBZ B-VP
+later RB B-NP
+this DT I-NP
+week NN I-NP
+. . O
+
+Mr. NNP B-NP
+Honecker NNP I-NP
+'s POS B-NP
+ignoble JJ I-NP
+fall NN I-NP
+culminates VBZ B-VP
+nearly RB B-NP
+two CD I-NP
+decades NNS I-NP
+of IN B-PP
+iron-handed JJ B-NP
+leadership NN I-NP
+during IN B-PP
+which WDT B-NP
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+now RB O
+77 CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+, , O
+built VBN B-VP
+East NNP B-NP
+Germany NNP I-NP
+into IN B-PP
+the DT B-NP
+most RBS I-NP
+economically RB I-NP
+advanced VBD I-NP
+nation NN I-NP
+in IN B-PP
+the DT B-NP
+Soviet JJ I-NP
+bloc NN I-NP
+. . O
+
+His PRP$ B-NP
+grip NN I-NP
+on IN B-PP
+power NN B-NP
+unraveled VBD B-VP
+this DT B-NP
+summer NN I-NP
+as IN B-SBAR
+thousands NNS B-NP
+of IN B-PP
+his PRP$ B-NP
+countrymen NNS I-NP
+, , O
+dissatisfied JJ B-VP
+by IN B-PP
+the DT B-NP
+harshness NN I-NP
+of IN B-PP
+his PRP$ B-NP
+rule NN I-NP
+, , O
+fled VBD B-VP
+to TO B-PP
+the DT B-NP
+West NNP I-NP
+. . O
+
+Thousands NNS B-NP
+more RBR I-NP
+have VBP B-VP
+taken VBN I-VP
+to TO B-PP
+the DT B-NP
+streets NNS I-NP
+in IN B-PP
+the DT B-NP
+last JJ I-NP
+month NN I-NP
+in IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+largest JJS I-NP
+wave NN I-NP
+of IN B-PP
+domestic JJ B-NP
+unrest NN I-NP
+since IN B-PP
+a DT B-NP
+workers NNS I-NP
+' POS B-NP
+uprising NN I-NP
+in IN B-PP
+1953 CD B-NP
+. . O
+
+In IN B-PP
+Washington NNP B-NP
+, , O
+the DT B-NP
+Bush NNP I-NP
+administration NN I-NP
+took VBD B-VP
+a DT B-NP
+characteristically RB I-NP
+cautious JJ I-NP
+and CC I-NP
+skeptical JJ I-NP
+view NN I-NP
+of IN B-PP
+the DT B-NP
+leadership NN I-NP
+change NN I-NP
+. . O
+
+The DT B-NP
+official JJ I-NP
+line NN I-NP
+was VBD B-VP
+to TO B-VP
+offer VB I-VP
+warmer JJR B-NP
+ties NNS I-NP
+to TO B-PP
+Mr. NNP B-NP
+Krenz NNP I-NP
+, , O
+provided VBD B-PP
+he PRP B-NP
+is VBZ B-VP
+willing JJ B-ADJP
+to TO B-VP
+institute VB I-VP
+reforms NNS B-NP
+. . O
+
+But CC O
+U.S. NNP B-NP
+officials NNS I-NP
+have VBP B-VP
+strong JJ B-NP
+doubts NNS I-NP
+that IN B-SBAR
+he PRP B-NP
+is VBZ B-VP
+a DT B-NP
+reformer NN I-NP
+. . O
+
+President NNP B-NP
+Bush NNP I-NP
+told VBD B-VP
+reporters NNS B-NP
+: : O
+`` `` O
+Whether IN B-SBAR
+that DT B-NP
+-LCB- ( O
+the DT B-NP
+leadership NN I-NP
+change NN I-NP
+-RCB- ) O
+reflects VBZ B-VP
+a DT B-NP
+change NN I-NP
+in IN B-PP
+East-West NNP B-NP
+relations NNS I-NP
+, , O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+so RB B-ADVP
+. . O
+
+Because IN B-SBAR
+Mr. NNP B-NP
+Krenz NNP I-NP
+has VBZ B-VP
+been VBN I-VP
+very RB B-ADVP
+much RB I-ADVP
+in IN B-PP
+accord NN B-NP
+with IN B-PP
+the DT B-NP
+policies NNS I-NP
+of IN B-PP
+Honecker NNP B-NP
+. . O
+'' '' O
+
+One CD B-NP
+top JJ I-NP
+U.S. NNP I-NP
+expert NN I-NP
+on IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+added VBD B-VP
+: : O
+`` `` O
+There EX B-NP
+is VBZ B-VP
+no DT B-NP
+clear-cut JJ I-NP
+champion NN I-NP
+of IN B-PP
+reform NN B-NP
+, , O
+that IN B-NP
+we PRP B-NP
+know VBP B-VP
+of IN B-PP
+, , O
+in IN B-PP
+the DT B-NP
+East JJ I-NP
+German JJ I-NP
+leadership NN I-NP
+. . O
+'' '' O
+
+Indeed RB B-ADVP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+said VBD B-VP
+on IN B-PP
+East JJ B-NP
+German JJ I-NP
+television NN I-NP
+last JJ B-NP
+night NN I-NP
+that IN B-SBAR
+there EX B-NP
+will MD B-VP
+be VB I-VP
+no DT B-NP
+sharing NN I-NP
+of IN B-PP
+power NN B-NP
+with IN B-PP
+pro-democracy JJ B-NP
+groups NNS I-NP
+. . O
+
+He PRP B-NP
+said VBD B-VP
+, , O
+while IN B-SBAR
+dialogue NN B-NP
+is VBZ B-VP
+important JJ B-ADJP
+, , O
+enough JJ B-NP
+forums NNS I-NP
+already RB B-ADVP
+exist VBP B-VP
+`` `` O
+in IN B-PP
+which WDT B-NP
+different JJ B-NP
+interests NNS I-NP
+'' '' O
+can MD B-VP
+express VB I-VP
+themselves PRP B-NP
+. . O
+
+The DT B-NP
+removal NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+was VBD B-VP
+apparently RB B-ADVP
+the DT B-NP
+result NN I-NP
+of IN B-PP
+bitter JJ B-NP
+infighting NN I-NP
+within IN B-PP
+the DT B-NP
+top JJ I-NP
+ranks NNS I-NP
+of IN B-PP
+the DT B-NP
+Communist NNP I-NP
+party NN I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+West JJ B-NP
+German JJ I-NP
+government NN I-NP
+sources NNS I-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+and CC O
+several JJ B-NP
+senior JJ I-NP
+Politburo NNP I-NP
+members NNS I-NP
+fought VBD B-VP
+over IN B-PP
+the DT B-NP
+last JJ I-NP
+week NN I-NP
+to TO B-VP
+delay VB I-VP
+any DT B-NP
+decisions NNS I-NP
+about IN B-PP
+a DT B-NP
+leadership NN I-NP
+change NN I-NP
+. . O
+
+But CC O
+, , O
+with IN B-PP
+public JJ B-NP
+demonstrations NNS I-NP
+in IN B-PP
+the DT B-NP
+country NN I-NP
+growing VBG B-VP
+in IN B-PP
+size NN B-NP
+and CC I-NP
+intensity NN I-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+and CC O
+several JJ B-NP
+key JJ I-NP
+allies NNS I-NP
+lost VBD B-VP
+out IN B-ADVP
+in IN B-PP
+this DT B-NP
+battle NN I-NP
+, , O
+officials NNS B-NP
+say VBP B-VP
+. . O
+
+Those DT B-NP
+allies NNS I-NP
+included VBD B-VP
+Politburo NNP O
+members NNS O
+Guenter NNP O
+Mittag NNP O
+, , O
+who WP B-NP
+has VBZ B-VP
+long RB I-VP
+headed VBN I-VP
+economic JJ B-NP
+affairs NNS I-NP
+, , B-NP
+and CC I-NP
+Joachim NNP I-NP
+Hermann NNP I-NP
+, , O
+chief NN B-NP
+of IN B-PP
+information NN B-NP
+policy NN I-NP
+. . O
+
+Both DT B-NP
+men NNS I-NP
+were VBD B-VP
+also RB I-VP
+relieved VBN I-VP
+of IN B-PP
+their PRP$ B-NP
+duties NNS I-NP
+yesterday NN B-NP
+. . O
+
+Although IN B-SBAR
+other JJ B-NP
+resignations NNS I-NP
+may MD B-VP
+follow VB I-VP
+, , O
+it PRP B-NP
+'s VBZ B-VP
+still RB B-ADVP
+not RB O
+clear JJ B-ADJP
+to TO B-PP
+what WP B-NP
+extent NN I-NP
+the DT B-NP
+change NN I-NP
+in IN B-PP
+party NN B-NP
+personnel NNS I-NP
+will MD B-VP
+alter VB I-VP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+resistance NN I-NP
+to TO B-PP
+fundamental JJ B-NP
+change NN I-NP
+. . O
+
+Clearly RB B-ADVP
+, , O
+the DT B-NP
+central JJ I-NP
+figure NN I-NP
+in IN B-PP
+this DT B-NP
+process NN I-NP
+is VBZ B-VP
+Egon NNP B-NP
+Krenz NNP I-NP
+. . O
+
+Born VBN B-VP
+in IN B-PP
+1937 CD B-NP
+in IN B-PP
+a DT B-NP
+Baltic NNP I-NP
+Sea NNP I-NP
+town NN I-NP
+now JJ B-ADVP
+part NN B-NP
+of IN B-PP
+Poland NNP B-NP
+, , O
+he PRP B-NP
+was VBD B-VP
+eight CD B-NP
+years NNS I-NP
+old JJ B-ADJP
+when WRB B-ADVP
+World NNP B-NP
+War NNP I-NP
+II NNP I-NP
+ended VBD B-VP
+. . O
+
+Like IN B-PP
+West JJ B-NP
+German NNP I-NP
+Chancellor NNP I-NP
+Helmut NNP I-NP
+Kohl NNP I-NP
+, , O
+he PRP B-NP
+represents VBZ B-VP
+the DT B-NP
+postwar JJ I-NP
+generation NN I-NP
+that WDT B-NP
+has VBZ B-VP
+grown VBN I-VP
+up IN B-ADVP
+during IN B-PP
+Germany NNP B-NP
+'s POS B-NP
+division NN I-NP
+. . O
+
+Since IN B-PP
+joining VBG B-VP
+the DT B-NP
+Politburo NNP I-NP
+in IN B-PP
+1983 CD B-NP
+as IN B-PP
+its PRP$ B-NP
+youngest JJS I-NP
+member NN I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+had VBD B-VP
+acquired VBN I-VP
+the DT B-NP
+nickname NN I-NP
+`` `` O
+crown NN B-NP
+prince NN I-NP
+, , O
+'' '' O
+a DT B-NP
+reference NN I-NP
+to TO B-PP
+the DT B-NP
+widely RB I-NP
+held VBN I-NP
+view NN I-NP
+that IN B-SBAR
+he PRP B-NP
+was VBD B-VP
+the DT B-NP
+hand-picked JJ I-NP
+successor NN I-NP
+to TO B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+have VBP B-VP
+had VBN I-VP
+strikingly RB B-NP
+similar JJ I-NP
+career NN I-NP
+paths NNS I-NP
+, , O
+both DT B-NP
+having VBG B-VP
+served VBN I-VP
+as IN B-PP
+chief NN B-NP
+of IN B-PP
+internal JJ B-NP
+security NN I-NP
+before IN B-PP
+their PRP$ B-NP
+rise NN I-NP
+to TO B-PP
+the DT B-NP
+top JJ I-NP
+party NN I-NP
+position NN I-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+both DT B-NP
+men NNS I-NP
+have VBP B-VP
+hewn VBN I-VP
+to TO B-PP
+a DT B-NP
+similar JJ I-NP
+hard-line JJ I-NP
+philosophy NN I-NP
+. . O
+
+Notably RB B-ADVP
+, , O
+one CD B-NP
+of IN B-PP
+Mr. NNP B-NP
+Krenz NNP I-NP
+'s POS B-NP
+few JJ I-NP
+official JJ I-NP
+visits NNS I-NP
+overseas NN B-ADVP
+came VBD B-VP
+a DT B-NP
+few JJ I-NP
+months NNS I-NP
+ago RB B-ADVP
+, , O
+when WRB B-ADVP
+he PRP B-NP
+visited VBD B-VP
+China NNP B-NP
+after IN B-PP
+the DT B-NP
+massacre NN I-NP
+in IN B-PP
+Beijing NNP B-NP
+. . O
+
+He PRP B-NP
+later RB B-ADVP
+defended VBD B-VP
+the DT B-NP
+Chinese JJ I-NP
+government NN I-NP
+'s POS B-NP
+response NN I-NP
+during IN B-PP
+a DT B-NP
+separate JJ I-NP
+visit NN I-NP
+to TO B-PP
+West NNP B-NP
+Germany NNP I-NP
+. . O
+
+East JJ B-NP
+German NNP I-NP
+Protestantism NNP I-NP
+in IN B-PP
+particular JJ B-ADJP
+fears NNS B-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+, , O
+in IN B-PP
+part NN B-NP
+because IN B-PP
+of IN I-PP
+an DT B-NP
+incident NN I-NP
+in IN B-PP
+January NNP B-NP
+1988 CD I-NP
+when WRB B-ADVP
+he PRP B-NP
+was VBD B-VP
+believed VBN I-VP
+to TO I-VP
+have VB I-VP
+ordered VBN I-VP
+the DT B-NP
+arrest NN I-NP
+of IN B-PP
+hundreds NNS B-NP
+of IN B-PP
+dissidents NNS B-NP
+who WP B-NP
+had VBD B-VP
+sought VBN I-VP
+refuge NN B-NP
+in IN B-PP
+the DT B-NP
+Church NNP I-NP
+. . O
+
+However RB B-ADVP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+also RB B-ADVP
+has VBZ B-VP
+a DT B-NP
+reputation NN I-NP
+for IN B-PP
+being VBG B-VP
+politically RB B-ADJP
+savvy JJ I-ADJP
+. . O
+
+His PRP$ B-NP
+shrewd JJ I-NP
+ability NN I-NP
+to TO B-VP
+read VB I-VP
+the DT B-NP
+shifting VBG I-NP
+popular JJ I-NP
+mood NN I-NP
+in IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+is VBZ B-VP
+best RBS I-VP
+illustrated VBN I-VP
+by IN B-PP
+his PRP$ B-NP
+apparent JJ I-NP
+break NN I-NP
+with IN B-PP
+his PRP$ B-NP
+old JJ I-NP
+mentor NN I-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+. . O
+
+Indeed RB B-ADVP
+, , O
+according VBG B-PP
+to TO B-PP
+West JJ B-NP
+German JJ I-NP
+government NN I-NP
+sources NNS I-NP
+, , O
+he PRP B-NP
+was VBD B-VP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+leaders NNS I-NP
+in IN B-PP
+the DT B-NP
+power NN I-NP
+struggle NN I-NP
+that WDT B-NP
+toppled VBD B-VP
+Mr. NNP B-NP
+Honecker NNP I-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+days NNS I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+has VBZ B-VP
+sought VBN I-VP
+to TO I-VP
+project VB I-VP
+a DT B-NP
+kinder JJR I-NP
+image NN I-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+a DT B-NP
+report NN I-NP
+widely RB B-VP
+circulating VBG I-VP
+in IN B-PP
+East NNP B-NP
+Berlin NNP I-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+who WP B-NP
+ordered VBD B-VP
+police NN B-NP
+to TO B-VP
+stop VB I-VP
+using VBG I-VP
+excessive JJ B-NP
+force NN I-NP
+against IN B-PP
+demonstrators NNS B-NP
+in IN B-PP
+Leipzig NNP B-NP
+. . O
+
+`` `` O
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+want VB I-VP
+to TO I-VP
+have VB I-VP
+the DT B-NP
+image NN I-NP
+of IN B-PP
+the DT B-NP
+gun NN I-NP
+man NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Fred NNP B-NP
+Oldenburg NNP I-NP
+, , O
+an DT B-NP
+expert NN I-NP
+at IN B-PP
+the DT B-NP
+Bonn-sponsored NNP I-NP
+Institute NNP I-NP
+of IN B-PP
+East NNP B-NP
+European JJ I-NP
+and CC I-NP
+International NNP I-NP
+Studies NNS I-NP
+in IN B-PP
+Cologne NNP B-NP
+. . O
+
+`` `` O
+He PRP B-NP
+'s VBZ B-VP
+not RB O
+a DT B-NP
+reformer JJ I-NP
+-- : O
+he PRP B-NP
+wants VBZ B-VP
+to TO I-VP
+have VB I-VP
+the DT B-NP
+image NN I-NP
+of IN B-PP
+a DT B-NP
+reformer NN I-NP
+. . O
+'' '' O
+
+As IN B-PP
+part NN B-NP
+of IN B-PP
+his PRP$ B-NP
+image NN I-NP
+polishing VBG I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+take VB I-VP
+modest JJ B-NP
+steps NNS I-NP
+toward IN B-PP
+reform NN B-NP
+to TO B-VP
+rebuild VB I-VP
+confidence NN B-NP
+among IN B-PP
+the DT B-NP
+people NNS I-NP
+and CC O
+reassert VB B-VP
+the DT B-NP
+party NN I-NP
+'s POS B-NP
+authority NN I-NP
+. . O
+
+Besides IN B-PP
+sacking VBG B-VP
+other JJ B-NP
+senior JJ I-NP
+Politburo NNP I-NP
+officials NNS I-NP
+who WP B-NP
+allied VBD B-VP
+themselves PRP B-NP
+with IN B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+Mr. NNP B-NP
+Krenz NNP I-NP
+could MD B-VP
+loosen VB I-VP
+controls NNS B-NP
+on IN B-PP
+the DT B-NP
+news NN I-NP
+media NNS I-NP
+, , O
+free JJ B-VP
+up IN B-PRT
+travel NN B-NP
+restrictions NNS I-NP
+, , O
+and CC O
+establish VB B-VP
+a DT B-NP
+dialogue NN I-NP
+with IN B-PP
+various JJ B-NP
+dissident JJ I-NP
+groups NNS I-NP
+. . O
+
+But CC O
+will MD O
+it PRP B-NP
+be VB B-VP
+enough RB B-ADJP
+? . O
+
+West JJ B-NP
+German JJ I-NP
+government NN I-NP
+officials NNS I-NP
+and CC O
+Western JJ B-NP
+analysts NNS I-NP
+are VBP B-VP
+doubtful JJ B-ADJP
+. . O
+
+`` `` O
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+signify VB I-VP
+what WP B-NP
+people NNS B-NP
+want VBP B-VP
+, , O
+so RB O
+the DT B-NP
+unrest NN I-NP
+will MD B-VP
+go VB I-VP
+on IN B-ADVP
+, , O
+'' '' O
+Mr. NNP B-NP
+Oldenburg NNP I-NP
+predicts VBZ B-VP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+the DT B-NP
+expectations NNS I-NP
+of IN B-PP
+the DT B-NP
+East JJ I-NP
+German JJ I-NP
+people NNS I-NP
+are VBP B-VP
+great JJ B-ADJP
+and CC O
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+grow VB I-VP
+. . O
+
+Says VBZ B-VP
+one CD B-NP
+West JJ I-NP
+German JJ I-NP
+official NN I-NP
+: : O
+`` `` O
+What WP B-NP
+'s VBZ B-VP
+necessary JJ B-ADJP
+now RB B-ADVP
+is VBZ B-VP
+the DT B-NP
+process NN I-NP
+of IN B-PP
+democratization NN B-NP
+. . O
+
+Not RB B-ADVP
+just RB I-ADVP
+that IN B-SBAR
+people NNS B-NP
+are VBP B-VP
+being VBG I-VP
+heard VBN I-VP
+but CC O
+that IN B-SBAR
+their PRP$ B-NP
+interests NNS I-NP
+are VBP B-VP
+being VBG I-VP
+taken VBN I-VP
+seriously RB B-ADVP
+. . O
+'' '' O
+
+Chancellor NNP B-NP
+Kohl NNP I-NP
+, , O
+meanwhile RB B-ADVP
+, , O
+has VBZ B-VP
+invited VBN I-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+to TO B-VP
+open VB I-VP
+discussions NNS B-NP
+with IN B-PP
+Bonn NNP B-NP
+on IN B-PP
+a DT B-NP
+wide JJ I-NP
+range NN I-NP
+of IN B-PP
+subjects NNS B-NP
+. . O
+
+Reports NNS B-NP
+in IN B-PP
+the DT B-NP
+West JJ I-NP
+German JJ I-NP
+press NN I-NP
+, , O
+citing VBG B-VP
+sources NNS B-NP
+in IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+, , O
+suggest VBP B-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+may MD B-VP
+serve VB I-VP
+only RB B-ADVP
+as IN B-PP
+a DT B-NP
+bridge NN I-NP
+between IN B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+and CC O
+a DT B-NP
+genuine JJ I-NP
+reform NN I-NP
+leader NN I-NP
+. . O
+
+Adding VBG B-VP
+to TO B-PP
+that DT B-NP
+speculation NN I-NP
+is VBZ B-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+'s POS B-NP
+reputation NN I-NP
+as IN B-PP
+a DT B-NP
+heavy JJ I-NP
+drinker NN I-NP
+, , O
+who WP B-NP
+is VBZ B-VP
+said VBD I-VP
+to TO I-VP
+also RB I-VP
+suffer VB I-VP
+from IN B-PP
+diabetes NN B-NP
+. . O
+
+`` `` O
+This DT B-NP
+is VBZ B-VP
+a DT B-NP
+dynamic JJ I-NP
+process NN I-NP
+and CC O
+we PRP B-NP
+'re VBP B-VP
+experiencing VBG I-VP
+the DT B-NP
+first JJ I-NP
+step NN I-NP
+, , O
+'' '' O
+the DT B-NP
+Bonn NNP I-NP
+official NN I-NP
+adds VBZ B-VP
+. . O
+
+The DT B-NP
+selection NN I-NP
+of IN B-PP
+Mr. NNP B-NP
+Krenz NNP I-NP
+may MD B-VP
+also RB I-VP
+disappoint VB I-VP
+Moscow NNP B-NP
+. . O
+
+Soviet JJ B-NP
+leader NN I-NP
+Mikhail NNP I-NP
+Gorbachev NNP I-NP
+has VBZ B-VP
+pressed VBN I-VP
+hard JJ B-ADVP
+for IN B-PP
+a DT B-NP
+change NN I-NP
+in IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+rigid JJ I-NP
+stance NN I-NP
+. . O
+
+Two CD B-NP
+reform-minded JJ I-NP
+party NN I-NP
+leaders NNS I-NP
+favored VBN B-VP
+by IN B-PP
+Moscow NNP B-NP
+as IN B-PP
+possible JJ B-NP
+successors NNS I-NP
+to TO B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+, , O
+Dresden NNP B-NP
+party NN I-NP
+secretary NN I-NP
+Hans NNP I-NP
+Modrow NNP I-NP
+and CC O
+Politburo NNP B-NP
+member NN I-NP
+Guenter NNP I-NP
+Schabowski NNP I-NP
+, , O
+were VBD B-VP
+passed VBN I-VP
+over RB B-ADVP
+. . O
+
+If IN B-SBAR
+Mr. NNP B-NP
+Krenz NNP I-NP
+sticks VBZ B-VP
+to TO B-PP
+rigid JJ B-NP
+policies NNS I-NP
+the DT B-NP
+pressure NN I-NP
+from IN B-PP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+could MD B-VP
+intensify VB I-VP
+. . O
+
+In IN B-PP
+Moscow NNP B-NP
+, , O
+Mr. NNP B-NP
+Gorbachev NNP I-NP
+sent VBD B-VP
+Mr. NNP B-NP
+Krenz NNP I-NP
+a DT B-NP
+congratulatory JJ I-NP
+telegram NN I-NP
+that WDT B-NP
+appeared VBD B-VP
+to TO I-VP
+urge VB I-VP
+the DT B-NP
+new JJ I-NP
+leadership NN I-NP
+to TO B-VP
+heed VB I-VP
+growing VBG B-NP
+calls VBZ I-NP
+for IN B-PP
+change NN B-NP
+. . O
+
+According VBG B-PP
+to TO B-PP
+the DT B-NP
+Soviet JJ I-NP
+news NN I-NP
+agency NN I-NP
+Tass NNP B-NP
+, , O
+`` `` O
+Gorbachev NNP B-NP
+expressed VBD B-VP
+the DT B-NP
+conviction NN I-NP
+that IN B-SBAR
+the DT B-NP
+leadership NN I-NP
+of IN B-PP
+the DT B-NP
+Socialist NNP I-NP
+Unity NNP I-NP
+Party NNP I-NP
+of IN B-PP
+-LCB- ( B-NP
+East NNP I-NP
+-RCB- ) I-NP
+Germany NNP I-NP
+, , O
+being VBG B-VP
+sensitive JJ B-ADJP
+to TO B-PP
+the DT B-NP
+demands NNS I-NP
+of IN B-PP
+the DT B-NP
+time NN I-NP
+, , O
+... : O
+will MD B-VP
+find VB I-VP
+solutions NNS B-NP
+to TO B-PP
+complicated VBN B-NP
+problems NNS I-NP
+the DT B-NP
+GDR NNP I-NP
+-LCB- ( O
+German JJ B-NP
+Democratic NNP I-NP
+Republic NNP I-NP
+-RCB- ) O
+encountered VBN B-VP
+. . O
+'' '' O
+
+A DT B-NP
+force NN I-NP
+of IN B-PP
+younger JJR B-NP
+pro-Gorbachev JJ I-NP
+members NNS I-NP
+in IN B-PP
+the DT B-NP
+East JJ I-NP
+German JJ I-NP
+bureaucracy NN I-NP
+has VBZ B-VP
+for IN B-PP
+some DT B-NP
+time NN I-NP
+been VBN B-VP
+pushing VBG I-VP
+for IN B-PP
+relaxation NN B-NP
+within IN B-PP
+their PRP$ B-NP
+country NN I-NP
+. . O
+
+The DT B-NP
+older JJR I-NP
+generation NN I-NP
+has VBZ B-VP
+been VBN I-VP
+torn VBN I-VP
+between IN B-PP
+a DT B-NP
+fear NN I-NP
+of IN B-PP
+tampering VBG B-VP
+with IN B-PP
+the DT B-NP
+status NN I-NP
+quo FW I-NP
+and CC O
+a DT B-NP
+fear NN I-NP
+of IN B-PP
+what WP B-NP
+might MD B-VP
+happen VB I-VP
+if IN B-SBAR
+they PRP B-NP
+did VBD B-VP
+n't RB O
+. . O
+
+From IN B-PP
+the DT B-NP
+perspective NN I-NP
+of IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+old JJ I-NP
+guard NN I-NP
+, , O
+reforms NNS B-NP
+that IN B-NP
+smack RB B-VP
+of IN B-PP
+capitalism NN B-NP
+and CC O
+Western-style JJ B-NP
+democracy NN I-NP
+could MD B-VP
+eliminate VB I-VP
+their PRP$ B-NP
+country NN I-NP
+'s POS B-NP
+reason NN I-NP
+for IN B-PP
+being VBG B-NP
+. . O
+
+Unlike IN B-PP
+the DT B-NP
+other JJ I-NP
+nations NNS I-NP
+of IN B-PP
+the DT B-NP
+bloc NN I-NP
+, , O
+East NNP B-NP
+Germany NNP I-NP
+is VBZ B-VP
+a DT B-NP
+creature NN I-NP
+of IN B-PP
+the DT B-NP
+Cold NNP I-NP
+War NNP I-NP
+. . O
+
+Erasing VBG B-VP
+the DT B-NP
+differences NNS I-NP
+still RB B-VP
+dividing VBG I-VP
+Europe NNP B-NP
+, , O
+and CC O
+the DT B-NP
+vast JJ I-NP
+international JJ I-NP
+reordering NN I-NP
+that DT B-NP
+implies VBZ B-VP
+, , O
+wo MD B-VP
+n't RB I-VP
+endanger VB I-VP
+the DT B-NP
+statehood NN I-NP
+of IN B-PP
+a DT B-NP
+Poland NNP I-NP
+or CC O
+a DT B-NP
+Hungary NNP I-NP
+. . O
+
+But CC O
+it PRP B-NP
+could MD B-VP
+ultimately RB I-VP
+lead VB I-VP
+to TO B-PP
+German JJ B-NP
+reunification NN I-NP
+and CC O
+the DT B-NP
+disappearance NN I-NP
+of IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+from IN B-PP
+the DT B-NP
+map NN I-NP
+. . O
+
+Which WDT B-NP
+is VBZ B-VP
+what WP B-NP
+the DT B-NP
+Old NNP I-NP
+Guard NNP I-NP
+fears NNS B-VP
+. . O
+
+`` `` O
+I PRP B-NP
+'m VBP B-VP
+sure JJ B-ADJP
+they PRP B-NP
+'ll MD B-VP
+formulate VB I-VP
+a DT B-NP
+reform NN I-NP
+that WDT B-NP
+will MD B-VP
+be VB I-VP
+a DT B-NP
+recipe NN I-NP
+for IN B-PP
+the DT B-NP
+GDR NNP I-NP
+'s POS B-NP
+future NN I-NP
+as IN B-PP
+a DT B-NP
+separately RB I-NP
+identifiable JJ I-NP
+state NN I-NP
+, , O
+'' '' O
+says VBZ B-VP
+Michael NNP B-NP
+Simmons NNP I-NP
+, , O
+a DT B-NP
+British JJ I-NP
+journalist NN I-NP
+whose WP$ B-NP
+book NN I-NP
+on IN B-PP
+East NNP B-NP
+Germany NNP I-NP
+, , O
+entitled VBN B-VP
+`` `` O
+The DT B-NP
+Unloved NNP I-NP
+Country NNP I-NP
+, , O
+'' '' O
+was VBD B-VP
+published VBN I-VP
+this DT B-NP
+month NN I-NP
+. . O
+
+Up IN B-PP
+to TO B-PP
+now RB B-NP
+, , O
+that DT B-NP
+recipe NN I-NP
+has VBZ B-VP
+consisted VBN I-VP
+of IN B-PP
+a DT B-NP
+dogged VBN I-NP
+effort NN I-NP
+by IN B-PP
+former JJ B-NP
+leader NN I-NP
+Walter NNP I-NP
+Ulbricht NNP I-NP
+to TO B-VP
+establish VB I-VP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+international JJ I-NP
+legitimacy NN I-NP
+, , O
+followed VBN B-VP
+by IN B-PP
+Mr. NNP B-NP
+Honecker NNP I-NP
+'s POS B-NP
+campaign NN I-NP
+to TO B-VP
+build VB I-VP
+the DT B-NP
+East NNP I-NP
+bloc NN I-NP
+'s POS B-NP
+only RB I-NP
+successful JJ I-NP
+Stalinist JJ I-NP
+economy NN I-NP
+into IN B-PP
+a DT B-NP
+consumer NN I-NP
+paradise NN I-NP
+. . O
+
+Neither CC B-NP
+man NN I-NP
+achieved VBD B-VP
+perfection NN B-NP
+. . O
+
+Early RB B-ADVP
+in IN B-PP
+1987 CD B-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+and CC O
+his PRP$ B-NP
+team NN I-NP
+stopped VBD B-VP
+paying VBG I-VP
+thin JJ B-NP
+compliments NNS I-NP
+to TO B-PP
+Mr. NNP B-NP
+Gorbachev NNP I-NP
+and CC O
+joined VBD B-VP
+with IN B-PP
+Romania NNP B-NP
+in IN B-PP
+rejecting VBG B-VP
+any DT B-NP
+necessity NN I-NP
+for IN B-PP
+adjustments NNS B-NP
+in IN B-PP
+their PRP$ B-NP
+systems NNS I-NP
+. . O
+
+The DT B-NP
+less-self-confident JJ I-NP
+Czechoslovaks NNPS I-NP
+and CC I-NP
+Bulgarians NNPS I-NP
+, , O
+in IN B-PP
+contrast NN B-NP
+, , O
+declared VBD B-VP
+their PRP$ B-NP
+intentions NNS I-NP
+to TO B-VP
+reform VB I-VP
+, , O
+while IN B-SBAR
+doing VBG B-VP
+nothing NN B-NP
+concrete JJ B-ADJP
+about IN B-PP
+it PRP B-NP
+. . O
+
+The DT B-NP
+East JJ I-NP
+German JJ I-NP
+media NNS I-NP
+soon RB B-ADVP
+began VBD B-VP
+presenting VBG I-VP
+Mr. NNP B-NP
+Gorbachev NNP I-NP
+'s POS B-NP
+speeches NNS I-NP
+only RB B-ADVP
+as IN B-PP
+sketchy JJ B-NP
+summaries NNS I-NP
+, , O
+and CC O
+giving VBG B-VP
+space NN B-NP
+to TO B-PP
+his PRP$ B-NP
+opponents NNS I-NP
+. . O
+
+By IN B-PP
+late JJ B-NP
+1988 CD I-NP
+, , O
+they PRP B-NP
+were VBD B-VP
+banning VBG I-VP
+Soviet JJ B-NP
+publications NNS I-NP
+. . O
+
+The DT B-NP
+country NN I-NP
+abandoned VBD B-VP
+its PRP$ B-NP
+former JJ I-NP
+devotion NN I-NP
+to TO B-PP
+socialist JJ B-NP
+unity NN I-NP
+and CC O
+took VBD B-VP
+to TO B-PP
+insisting VBG B-VP
+instead RB B-ADVP
+that IN B-SBAR
+each DT B-NP
+country NN I-NP
+in IN B-PP
+the DT B-NP
+bloc NN I-NP
+ought MD B-VP
+to TO I-VP
+travel VB I-VP
+its PRP$ B-NP
+own JJ I-NP
+road NN I-NP
+. . O
+
+Mr. NNP B-NP
+Honecker NNP I-NP
+spoke VBD B-VP
+of IN B-PP
+`` `` O
+generally RB B-NP
+valid JJ I-NP
+objective NN I-NP
+laws NNS I-NP
+of IN B-PP
+socialism NN B-NP
+'' '' O
+and CC O
+left VBD B-VP
+no DT B-NP
+room NN I-NP
+for IN B-PP
+debate NN B-NP
+. . O
+
+With IN B-PP
+this DT B-NP
+year NN I-NP
+'s POS B-NP
+dislocations NNS I-NP
+in IN B-PP
+China NNP B-NP
+and CC O
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+, , O
+and CC O
+the DT B-NP
+drive NN I-NP
+to TO B-PP
+democracy NN B-NP
+in IN B-PP
+Poland NNP B-NP
+and CC I-NP
+Hungary NNP I-NP
+, , O
+the DT B-NP
+East JJ I-NP
+German JJ I-NP
+leadership NN I-NP
+grew VBD B-VP
+still RB B-ADJP
+more RBR I-ADJP
+defensive JJ B-ADJP
+. . O
+
+Politburo NNP B-NP
+member NN I-NP
+Joachim NNP I-NP
+Herrman NNP I-NP
+confessed VBD B-VP
+to TO B-PP
+a DT B-NP
+`` `` I-NP
+grave JJ I-NP
+concern NN I-NP
+'' '' O
+over IN B-PP
+Hungarian JJ B-NP
+democracy NN I-NP
+. . O
+
+`` `` O
+Under IN B-PP
+the DT B-NP
+banner NN I-NP
+that WDT B-NP
+proclaims VBZ B-VP
+the DT B-NP
+` `` I-NP
+renewal NN I-NP
+of IN B-PP
+socialism NN B-NP
+, , O
+' '' O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+, , O
+`` `` O
+forces NNS B-NP
+are VBP B-VP
+at IN B-PP
+work NN B-NP
+that WDT B-NP
+are VBP B-VP
+striving VBG I-VP
+to TO I-VP
+eliminate VB I-VP
+socialism NN B-NP
+. . O
+'' '' O
+
+Some DT B-NP
+loyal JJ I-NP
+voices NNS I-NP
+, , O
+in IN B-PP
+and CC B-PP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+East JJ I-NP
+German NNP I-NP
+Communist NNP I-NP
+party NN I-NP
+, , O
+saw VBD B-VP
+the DT B-NP
+nation NN I-NP
+'s POS B-NP
+unrest NN I-NP
+coming VBG B-VP
+. . O
+
+The DT B-NP
+first JJ I-NP
+signs NNS I-NP
+were VBD B-VP
+economic JJ B-ADJP
+. . O
+
+Despite IN B-PP
+heavily RB B-NP
+subsidized JJ I-NP
+consumer NN I-NP
+industries NNS I-NP
+, , O
+East NNP B-NP
+Germans NNPS I-NP
+have VBP B-VP
+for IN B-PP
+years NNS B-NP
+watched VBD B-VP
+the DT B-NP
+West NNP I-NP
+pull NN B-VP
+farther RB B-ADVP
+out IN I-ADVP
+ahead RB I-ADVP
+. . O
+
+In IN B-PP
+1988 CD B-NP
+, , O
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+time NN I-NP
+, , O
+economic JJ B-NP
+growth NN I-NP
+came VBD B-VP
+to TO B-PP
+a DT B-NP
+dead JJ I-NP
+stop NN I-NP
+. . O
+
+Gingerly RB B-ADVP
+, , O
+some DT B-NP
+economists NNS I-NP
+began VBD B-VP
+to TO I-VP
+blame VB I-VP
+central JJ B-NP
+planning NN I-NP
+. . O
+
+Some DT B-NP
+writers NNS I-NP
+in IN B-PP
+theoretical JJ B-NP
+journals NNS I-NP
+even RB B-ADVP
+raised VBN B-VP
+the DT B-NP
+notion NN I-NP
+of IN B-PP
+introducing VBG B-VP
+democracy NN B-NP
+, , O
+at IN B-ADVP
+least JJS I-ADVP
+in IN B-PP
+the DT B-NP
+workplace NN I-NP
+. . O
+
+By IN B-PP
+summer NN B-NP
+, , O
+an DT B-NP
+independent JJ I-NP
+reform NN I-NP
+movement NN I-NP
+was VBD B-VP
+saying VBG I-VP
+out IN B-ADVP
+loud JJ I-ADVP
+what WP B-NP
+it PRP B-NP
+had VBD B-VP
+only RB I-VP
+whispered VBN I-VP
+before RB B-ADVP
+. . O
+
+But CC O
+they PRP B-NP
+are VBP B-VP
+stalwart JJ B-NP
+socialists NNS I-NP
+. . O
+
+Their PRP$ B-NP
+proclaimed VBD I-NP
+purpose NN I-NP
+is VBZ B-VP
+to TO B-VP
+cleanse VB I-VP
+East NNP B-NP
+Germany NNP I-NP
+of IN B-PP
+its PRP$ B-NP
+Stalinist JJ I-NP
+muck NN I-NP
+, , O
+not RB O
+to TO B-VP
+merge VB I-VP
+with IN B-PP
+the DT B-NP
+West NNP I-NP
+. . O
+
+One CD B-NP
+of IN B-PP
+their PRP$ B-NP
+pastors NNS I-NP
+has VBZ B-VP
+envisioned VBN I-VP
+a DT B-NP
+`` `` I-NP
+new JJ I-NP
+utopia NN I-NP
+'' '' O
+of IN B-PP
+`` `` O
+creative JJ B-NP
+socialism NN I-NP
+. . O
+'' '' O
+
+Meanwhile RB B-ADVP
+, , O
+the DT B-NP
+man NN I-NP
+Mr. NNP B-NP
+Krenz NNP I-NP
+replaces VBZ B-VP
+has VBZ B-VP
+left VBN I-VP
+an DT B-NP
+indelible JJ I-NP
+mark NN I-NP
+on IN B-PP
+East JJ B-NP
+German JJ I-NP
+society NN I-NP
+. . O
+
+Imprisoned VBN B-VP
+by IN B-PP
+the DT B-NP
+Nazis NNPS I-NP
+during IN B-PP
+World NNP B-NP
+War NNP I-NP
+II NNP I-NP
+for IN B-PP
+his PRP$ B-NP
+political JJ I-NP
+beliefs NNS I-NP
+, , O
+Mr. NNP B-NP
+Honecker NNP I-NP
+typified VBD B-VP
+the DT B-NP
+postwar JJ I-NP
+generation NN I-NP
+of IN B-PP
+committed VBN B-NP
+Communist NNP I-NP
+leaders NNS I-NP
+in IN B-PP
+Eastern NNP B-NP
+Europe NNP I-NP
+who WP B-NP
+took VBD B-VP
+their PRP$ B-NP
+cues NNS I-NP
+from IN B-PP
+Moscow NNP B-NP
+. . O
+
+He PRP B-NP
+was VBD B-VP
+a DT B-NP
+`` `` I-NP
+socialist JJ I-NP
+warrior NN I-NP
+'' '' O
+who WP B-NP
+felt VBD B-VP
+rankled VBN I-VP
+by IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+'s POS B-NP
+enormous JJ I-NP
+postwar JJ I-NP
+prosperity NN I-NP
+and CC O
+the DT B-NP
+Bonn NNP I-NP
+government NN I-NP
+'s POS B-NP
+steadfast JJ I-NP
+refusal NN I-NP
+to TO B-VP
+recognize VB I-VP
+the DT B-NP
+legitimacy NN I-NP
+of IN B-PP
+his PRP$ B-NP
+state NN I-NP
+. . O
+
+Finally RB B-ADVP
+, , O
+during IN B-PP
+his PRP$ B-NP
+first JJ I-NP
+and CC I-NP
+only JJ I-NP
+state NN I-NP
+visit NN I-NP
+to TO B-PP
+Bonn NNP B-NP
+two CD B-NP
+years NNS I-NP
+ago RB B-ADVP
+, , O
+he PRP B-NP
+won VBD B-VP
+some DT B-NP
+measure NN I-NP
+of IN B-PP
+the DT B-NP
+recognition NN I-NP
+he PRP B-NP
+had VBD B-VP
+long JJ I-VP
+sought VBD I-VP
+. . O
+
+But CC O
+ultimately RB B-ADVP
+he PRP B-NP
+was VBD B-VP
+undone VBN I-VP
+by IN B-PP
+forces NNS B-NP
+unleashed VBN B-VP
+by IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+comrade NN I-NP
+, , O
+Mr. NNP B-NP
+Gorbachev NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Honecker NNP I-NP
+'s POS B-NP
+removal NN I-NP
+`` `` O
+was VBD B-VP
+bound VBN I-VP
+to TO I-VP
+happen VB I-VP
+, , O
+'' '' O
+says VBZ B-VP
+one CD B-NP
+aide NN I-NP
+to TO B-PP
+Chancellor NNP B-NP
+Kohl NNP I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+was VBD B-VP
+only RB B-ADVP
+a DT B-NP
+matter NN I-NP
+of IN B-PP
+time NN B-NP
+. . O
+'' '' O
+
+The DT B-NP
+European NNP I-NP
+Community NNP I-NP
+Commission NNP I-NP
+increased VBD B-VP
+its PRP$ B-NP
+forecast NN I-NP
+for IN B-PP
+economic JJ B-NP
+growth NN I-NP
+in IN B-PP
+the DT B-NP
+EC NNP I-NP
+in IN B-PP
+1989 CD B-NP
+to TO B-PP
+3.5 CD B-NP
+% NN I-NP
+, , O
+slightly RB B-ADJP
+higher JJR I-ADJP
+than IN B-PP
+its PRP$ B-NP
+June NNP I-NP
+projection NN I-NP
+of IN B-PP
+3.25 CD B-NP
+% NN I-NP
+. . O
+
+In IN B-PP
+its PRP$ B-NP
+annual JJ I-NP
+economic JJ I-NP
+report NN I-NP
+for IN B-PP
+1989-1990 CD B-NP
+, , O
+the DT B-NP
+commission NN I-NP
+also RB B-ADVP
+projected VBD B-VP
+1990 CD B-NP
+gross JJ I-NP
+domestic JJ I-NP
+product NN I-NP
+growth NN I-NP
+for IN B-PP
+the DT B-NP
+12 CD I-NP
+EC NNP I-NP
+members NNS I-NP
+at IN B-PP
+3 CD B-NP
+% NN I-NP
+. . O
+
+EC NNP B-NP
+inflation NN I-NP
+was VBD B-VP
+seen VBN I-VP
+at IN B-PP
+4.8 CD B-NP
+% NN I-NP
+in IN B-PP
+1989 CD B-NP
+, , O
+higher JJR B-ADJP
+than IN B-PP
+1988 CD B-NP
+'s POS B-NP
+3.6 CD B-ADJP
+% NN I-ADJP
+price NN B-NP
+rise NN I-NP
+. . O
+
+However RB B-ADVP
+, , O
+inflation NN B-NP
+for IN B-PP
+1990 CD B-NP
+was VBD B-VP
+seen VBN I-VP
+slowing VBG I-VP
+to TO B-PP
+4.5 CD B-NP
+% NN I-NP
+. . O
+
+Leading VBG B-VP
+EC NNP B-NP
+growth NN I-NP
+forecasts NNS I-NP
+in IN B-PP
+1989 CD B-NP
+was VBD B-VP
+Ireland NNP B-NP
+, , O
+seen VBN B-VP
+growing VBG I-VP
+5 NN B-NP
+% NN I-NP
+at IN B-PP
+constant JJ B-NP
+prices NNS I-NP
+. . O
+
+Slower JJR B-NP
+growth NN I-NP
+countries NNS I-NP
+included VBD B-VP
+Greece NNP B-NP
+, , O
+at IN B-PP
+2.5 CD B-NP
+% NN I-NP
+, , O
+the DT B-NP
+U.K. NNP I-NP
+, , O
+at IN B-PP
+2.25 CD B-NP
+% NN I-NP
+, , O
+and CC O
+Denmark NNP B-NP
+, , O
+at IN B-PP
+1.75 CD B-NP
+% NN I-NP
+. . O
+
+Inflation NN B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+be VB I-VP
+highest JJS B-ADJP
+in IN B-PP
+Greece NNP B-NP
+, , O
+where WRB B-ADVP
+it PRP B-NP
+is VBZ B-VP
+projected VBN I-VP
+at IN B-PP
+14.25 CD B-NP
+% NN I-NP
+, , O
+and CC O
+Portugal NNP B-NP
+, , O
+at IN B-PP
+13 CD B-NP
+% NN I-NP
+. . O
+
+At IN B-PP
+the DT B-NP
+other JJ I-NP
+end NN I-NP
+of IN B-PP
+the DT B-NP
+spectrum NN I-NP
+, , O
+West JJ B-NP
+German JJ I-NP
+inflation NN I-NP
+was VBD B-VP
+forecast NN I-VP
+at IN B-PP
+3 CD B-NP
+% NN I-NP
+in IN B-PP
+1989 CD B-NP
+and CC O
+2.75 CD B-NP
+% NN I-NP
+in IN B-PP
+1990 CD B-NP
+. . O
+
+Nestle NNP B-NP
+Korea NNP I-NP
+Ltd. NNP I-NP
+opened VBD B-VP
+a DT B-NP
+coffee NN I-NP
+and CC I-NP
+non-dairy-creamer NN I-NP
+plant NN I-NP
+in IN B-PP
+Chongju NNP B-NP
+, , O
+South NNP B-NP
+Korea NNP I-NP
+. . O
+
+An DT B-NP
+official NN I-NP
+at IN B-PP
+Nestle NNP B-NP
+Korea NNP I-NP
+, , O
+a DT B-NP
+50-50 JJ I-NP
+joint JJ I-NP
+venture NN I-NP
+between IN B-PP
+Nestle NNP B-NP
+S.A. NNP I-NP
+and CC O
+the DT B-NP
+Doosan NNP I-NP
+Group NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+new JJ I-NP
+facility NN I-NP
+will MD B-VP
+manufacture VB I-VP
+all DT B-NP
+types NNS I-NP
+of IN B-PP
+soluble JJ B-NP
+, , I-NP
+roasted VBN I-NP
+and CC I-NP
+ground NN I-NP
+coffee NN I-NP
+, , O
+coffee NN B-NP
+mix NN I-NP
+and CC O
+nondairy JJ B-NP
+coffee NN I-NP
+creamer NN I-NP
+. . O
+
+The DT B-NP
+South JJ I-NP
+Korean JJ I-NP
+coffee NN I-NP
+market NN I-NP
+, , O
+consisting VBG B-VP
+mostly RB B-ADVP
+of IN B-PP
+instant NN B-NP
+coffee NN I-NP
+, , O
+was VBD B-VP
+estimated VBN I-VP
+at IN B-PP
+about IN B-NP
+100 CD I-NP
+billion CD I-NP
+won VBD I-NP
+-LRB- ( O
+$ $ B-NP
+150.7 CD I-NP
+million CD I-NP
+-RRB- ) O
+last JJ B-NP
+year NN I-NP
+. . O
+
+Brands NNP B-NP
+made VBN B-VP
+by IN B-PP
+the DT B-NP
+Kraft NNP I-NP
+General NNP I-NP
+Foods NNPS I-NP
+unit NN I-NP
+of IN B-PP
+Philip NNP B-NP
+Morris NNP I-NP
+Cos. NNP I-NP
+had VBD B-VP
+about IN B-NP
+95 CD I-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+market NN I-NP
+share NN I-NP
+. . O
+
+Nestle NNP B-NP
+currently RB B-ADVP
+has VBZ B-VP
+only RB B-NP
+about IN I-NP
+a DT I-NP
+2 CD I-NP
+% NN I-NP
+share NN I-NP
+with IN B-PP
+its PRP$ O
+Taster NNP B-NP
+'s POS B-NP
+Choice NN I-NP
+coffee NN I-NP
+. . O
+
+Poland NNP B-NP
+plans VBZ B-VP
+to TO I-VP
+start VB I-VP
+negotiations NNS B-NP
+soon RB B-ADVP
+on IN B-PP
+purchasing VBG B-VP
+natural JJ B-NP
+gas NN I-NP
+from IN B-PP
+Iran NNP B-NP
+, , O
+the DT B-NP
+official NN I-NP
+Islamic NNP I-NP
+Republic NNP I-NP
+News NNP I-NP
+Agency NNP I-NP
+reported VBD B-VP
+. . O
+
+The DT B-NP
+agency NN I-NP
+said VBD B-VP
+Polish NNP B-NP
+Prime NNP I-NP
+Minister NNP I-NP
+Tadeusz NNP I-NP
+Mazowiecki NNP I-NP
+told VBD B-VP
+Iranian NNP B-NP
+Deputy NNP I-NP
+Foreign NNP I-NP
+Minister NNP I-NP
+Mahmoud NNP I-NP
+Vaezi NNP I-NP
+of IN B-PP
+Poland NNP B-NP
+'s POS B-NP
+willingess NN I-NP
+to TO B-VP
+purchase VB I-VP
+the DT B-NP
+gas NN I-NP
+during IN B-PP
+Mr. NNP B-NP
+Vaezi NNP I-NP
+'s POS B-NP
+current JJ I-NP
+visit NN I-NP
+to TO B-PP
+Warsaw NNP B-NP
+. . O
+
+The DT B-NP
+agency NN I-NP
+did VBD B-VP
+n't RB I-VP
+mention VB I-VP
+possible JJ B-NP
+quantities NNS I-NP
+and CC O
+did VBD B-VP
+n't RB I-VP
+say VB I-VP
+how WRB B-ADVP
+the DT B-NP
+gas NN I-NP
+would MD B-VP
+be VB I-VP
+delivered VBN I-VP
+. . O
+
+A DT B-NP
+Chinese JJ I-NP
+official NN I-NP
+harshly RB B-VP
+criticized VBD I-VP
+plans NNS B-NP
+to TO B-VP
+close VB I-VP
+a DT B-NP
+British JJ I-NP
+naval JJ I-NP
+base NN I-NP
+in IN B-PP
+downtown NN B-NP
+Hong NNP I-NP
+Kong NNP I-NP
+. . O
+
+Hong NNP B-NP
+Kong NNP I-NP
+officials NNS I-NP
+announced VBD B-VP
+last JJ B-NP
+week NN I-NP
+that IN B-SBAR
+the DT B-NP
+base NN I-NP
+will MD B-VP
+be VB I-VP
+relocated VBN I-VP
+to TO B-PP
+a DT B-NP
+small JJ I-NP
+island NN I-NP
+to TO B-VP
+allow VB I-VP
+downtown NN B-NP
+redevelopment NN I-NP
+. . O
+
+But CC O
+Beijing NNP B-NP
+wants VBZ B-VP
+to TO I-VP
+use VB I-VP
+the DT B-NP
+base NN I-NP
+for IN B-PP
+the DT B-NP
+People NNS I-NP
+'s POS B-NP
+Liberation NNP I-NP
+Army NNP I-NP
+after IN B-PP
+1997 CD B-NP
+, , O
+when WRB B-ADVP
+the DT B-NP
+territory NN I-NP
+returns NNS B-VP
+to TO B-PP
+Chinese JJ B-NP
+sovereignty NN I-NP
+. . O
+
+Ke NNP B-NP
+Zaishuo NNP I-NP
+, , O
+head NN B-NP
+of IN B-PP
+China NNP B-NP
+'s POS B-NP
+delegation NN I-NP
+to TO B-PP
+a DT B-NP
+Chinese-British JJ I-NP
+Liaison NNP I-NP
+Committee NNP I-NP
+on IN B-PP
+Hong NNP B-NP
+Kong NNP I-NP
+, , O
+accused VBN B-VP
+Britain NNP B-NP
+of IN B-PP
+trying VBG B-VP
+to TO I-VP
+impose VB I-VP
+a DT B-NP
+fait NN I-NP
+accompli NN I-NP
+and CC O
+said VBD B-VP
+, , O
+`` `` O
+This DT B-NP
+is VBZ B-VP
+something NN B-NP
+we PRP B-NP
+can MD B-VP
+not RB I-VP
+accept VB I-VP
+. . O
+'' '' O
+
+The DT B-NP
+Israeli JJ I-NP
+and CC I-NP
+Soviet JJ I-NP
+national JJ I-NP
+airlines NNS I-NP
+have VBP B-VP
+reached VBN I-VP
+preliminary JJ B-NP
+agreement NN I-NP
+for IN B-PP
+launching VBG B-VP
+the DT B-NP
+first JJ I-NP
+direct JJ I-NP
+flights NNS I-NP
+between IN B-PP
+Tel NNP B-NP
+Aviv NNP I-NP
+and CC O
+Moscow NNP B-NP
+, , O
+a DT B-NP
+spokesman NN I-NP
+for IN B-PP
+the DT B-NP
+Israeli JJ I-NP
+airline NN I-NP
+, , O
+El NNP B-NP
+Al NNP I-NP
+, , O
+said VBD B-VP
+. . O
+
+El NNP B-NP
+Al NNP I-NP
+director NN I-NP
+Rafi NNP I-NP
+Har-Lev NNP I-NP
+and CC O
+top JJ B-NP
+officials NNS I-NP
+of IN B-PP
+the DT B-NP
+Soviet NNP I-NP
+Union NNP I-NP
+'s POS B-NP
+Aeroflot NNP I-NP
+negotiated VBD B-VP
+a DT B-NP
+preliminary JJ I-NP
+pact NN I-NP
+in IN B-PP
+Moscow NNP B-NP
+this DT B-NP
+week NN I-NP
+, , O
+the DT B-NP
+spokesman NN I-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+concluding VBG B-VP
+the DT B-NP
+deal NN I-NP
+requires VBZ B-VP
+approval NN B-NP
+by IN B-PP
+the DT B-NP
+governments NNS I-NP
+of IN B-PP
+both DT B-NP
+countries NNS I-NP
+, , O
+which WDT B-NP
+have VBP B-VP
+never RB I-VP
+had VBN I-VP
+direct JJ B-NP
+air NN I-NP
+links NNS I-NP
+. . O
+
+The DT B-NP
+chairman NN I-NP
+and CC O
+a DT B-NP
+director NN I-NP
+of IN B-PP
+one CD B-NP
+of IN B-PP
+the DT B-NP
+Republic NNP I-NP
+of IN B-PP
+Singapore NNP B-NP
+'s POS B-NP
+leading VBG I-NP
+property NN I-NP
+companies NNS I-NP
+, , O
+City NNP B-NP
+Development NNP I-NP
+Ltd. NNP I-NP
+, , O
+or CC O
+CDL NNP B-NP
+, , O
+were VBD B-VP
+charged VBN I-VP
+yesterday NN B-NP
+with IN B-PP
+criminal JJ B-NP
+breach NN I-NP
+of IN B-PP
+trust NN B-NP
+of IN B-PP
+some DT B-NP
+800,000 CD I-NP
+Singapore NNP I-NP
+dollars NNS I-NP
+-LRB- ( O
+about IN B-NP
+US$ $ I-NP
+409,000 CD I-NP
+-RRB- ) O
+. . O
+
+Kwek NNP B-NP
+Hong NNP I-NP
+Png NNP I-NP
+, , O
+chairman NN B-NP
+of IN B-PP
+CDL NNP B-NP
+, , O
+and CC O
+director NN B-NP
+Quek NNP I-NP
+Leng NNP I-NP
+Chye NNP I-NP
+were VBD B-VP
+arrested VBN I-VP
+by IN B-PP
+the DT B-NP
+republic NN I-NP
+'s POS B-NP
+Corrupt NNP I-NP
+Practices NNP I-NP
+Investigation NNP I-NP
+Bureau NNP I-NP
+Tuesday NNP B-NP
+night NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+to TO B-PP
+abetting VBG B-VP
+in IN B-PP
+the DT B-NP
+alleged VBN I-NP
+criminal JJ I-NP
+breach NN I-NP
+of IN B-PP
+trust NN B-NP
+, , O
+Kwek NNP B-NP
+Hong NNP I-NP
+Png NNP I-NP
+was VBD B-VP
+also RB I-VP
+charged VBN I-VP
+with IN B-PP
+dishonestly RB B-VP
+receiving VBG I-VP
+S$ $ B-NP
+500,000 CD I-NP
+that WDT B-NP
+had VBD B-VP
+been VBN I-VP
+stolen VBN I-VP
+. . O
+
+Both DT B-NP
+men NNS I-NP
+were VBD B-VP
+charged VBN I-VP
+in IN B-PP
+a DT B-NP
+subordinate JJ I-NP
+court NN I-NP
+and CC O
+released VBN B-VP
+on IN B-PP
+bail NN B-NP
+of IN B-PP
+S$ $ B-NP
+1 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+charges NNS I-NP
+are VBP B-VP
+the DT B-NP
+culmination NN I-NP
+of IN B-PP
+weeks NNS B-NP
+of IN B-PP
+rumors NNS B-NP
+concerning VBG B-VP
+CDL NNP B-NP
+that WDT B-NP
+have VBP B-VP
+depressed VBD I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+share NN I-NP
+price NN I-NP
+and CC O
+to TO B-PP
+a DT B-NP
+lesser JJR I-NP
+extent NN I-NP
+the DT B-NP
+shares NNS I-NP
+of IN B-PP
+all DT B-NP
+companies NNS I-NP
+owned VBN B-VP
+by IN B-PP
+CDL NNP B-NP
+'s POS B-NP
+controlling VBG I-NP
+Quek NNP I-NP
+family NN I-NP
+, , O
+brokers NNS B-NP
+in IN B-PP
+Singapore NNP B-NP
+say VBP B-VP
+. . O
+
+The DT B-NP
+Queks NNPS I-NP
+control NN B-VP
+the DT B-NP
+Hong NNP I-NP
+Leong NNP I-NP
+Group NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+widespread JJ B-NP
+interests NNS I-NP
+in IN B-PP
+manufacturing NN B-NP
+, , I-NP
+property NN I-NP
+and CC I-NP
+finance NN I-NP
+in IN B-PP
+both DT B-NP
+Malaysia NNP I-NP
+and CC I-NP
+Singapore NNP I-NP
+. . O
+
+News NNS B-NP
+of IN B-PP
+the DT B-NP
+arrest NN I-NP
+and CC I-NP
+charging VBG I-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+helped VBD B-VP
+to TO I-VP
+push VB I-VP
+prices NNS B-NP
+on IN B-PP
+the DT B-NP
+Singapore NNP I-NP
+Stock NNP I-NP
+market NN I-NP
+sharply RB B-ADJP
+lower JJR I-ADJP
+in IN B-PP
+early JJ B-NP
+trading NN I-NP
+yesterday NN B-NP
+, , O
+but CC O
+brokers NNS B-NP
+said VBD B-VP
+that IN B-SBAR
+the DT B-NP
+market NN I-NP
+and CC O
+CDL NNP B-NP
+shares NNS I-NP
+recovered VBD B-VP
+once RB B-SBAR
+it PRP B-NP
+became VBD B-VP
+apparent JJ B-ADJP
+the DT B-NP
+charges NNS I-NP
+were VBD B-VP
+limited JJ I-VP
+to TO B-PP
+the DT B-NP
+two CD I-NP
+men NNS I-NP
+personally RB B-ADVP
+. . O
+
+One CD B-NP
+of IN B-PP
+the DT B-NP
+two CD I-NP
+British JJ I-NP
+companies NNS I-NP
+still RB B-VP
+making VBG I-VP
+hard JJ B-NP
+toilet NN I-NP
+paper NN I-NP
+stopped VBD B-VP
+production NN B-NP
+of IN B-PP
+it PRP B-NP
+. . O
+
+British JJ B-NP
+Tissues NNPS I-NP
+decided VBD B-VP
+to TO I-VP
+do VB I-VP
+away RB B-ADVP
+with IN B-PP
+its PRP$ B-NP
+hard JJ I-NP
+paper NN I-NP
+after IN B-SBAR
+a DT B-NP
+major JJ I-NP
+customer NN I-NP
+, , O
+British NNP B-NP
+Rail NNP I-NP
+, , O
+switched VBD B-VP
+to TO B-PP
+softer JJR B-NP
+tissues NNS I-NP
+for IN B-PP
+train NN B-NP
+bathrooms NNS I-NP
+... : O
+. . O
+
+Peasants NNS B-NP
+in IN B-PP
+Inner NNP B-NP
+Mongolia NNP I-NP
+have VBP B-VP
+partly RB I-VP
+dismantled VBN I-VP
+a DT B-NP
+20-mile JJ I-NP
+section NN I-NP
+of IN B-PP
+China NNP B-NP
+'s POS B-NP
+famed JJ I-NP
+Great NNP I-NP
+Wall NNP I-NP
+, , O
+the DT O
+official JJ O
+People NNS B-NP
+'s POS B-NP
+Daily NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+paper NN I-NP
+said VBD B-VP
+the DT B-NP
+bricks NNS I-NP
+were VBD B-VP
+used VBN I-VP
+to TO B-VP
+build VB I-VP
+homes NNS B-NP
+and CC I-NP
+furnaces NNS I-NP
+and CC O
+, , O
+as IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+the DT B-NP
+wall NN I-NP
+`` `` O
+is VBZ B-VP
+in IN B-PP
+terrible JJ B-NP
+shape NN I-NP
+. . O
+
+Wednesday NNP B-NP
+, , O
+October NNP B-NP
+18 CD I-NP
+, , I-NP
+1989 CD I-NP
+
+The DT B-NP
+key JJ I-NP
+U.S. NNP I-NP
+and CC I-NP
+foreign JJ I-NP
+annual JJ I-NP
+interest NN I-NP
+rates NNS I-NP
+below IN B-ADVP
+are VBP B-VP
+a DT B-NP
+guide NN I-NP
+to TO B-PP
+general JJ B-NP
+levels NNS I-NP
+but CC O
+do VBP B-VP
+n't RB I-VP
+always RB I-VP
+represent VB I-VP
+actual JJ B-NP
+transactions NNS I-NP
+. . O
+
+PRIME JJ B-NP
+RATE NN I-NP
+: : O
+10 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+base NN I-NP
+rate NN I-NP
+on IN B-PP
+corporate JJ B-NP
+loans NNS I-NP
+at IN B-PP
+large JJ B-NP
+U.S. NNP I-NP
+money NN I-NP
+center NN I-NP
+commercial JJ I-NP
+banks NNS I-NP
+. . O
+
+FEDERAL JJ B-NP
+FUNDS NNS I-NP
+: : O
+8 CD B-NP
+15\/16 CD I-NP
+% NN I-NP
+high JJ B-ADJP
+, , O
+8 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+low JJ B-ADJP
+, , O
+8 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+near IN B-PP
+closing VBG B-NP
+bid NN I-NP
+, , O
+8 CD B-NP
+7\/8 CD I-NP
+% NN I-NP
+offered VBN B-VP
+. . O
+
+Reserves NNS B-NP
+traded VBN B-VP
+among IN B-PP
+commercial JJ B-NP
+banks NNS I-NP
+for IN B-PP
+overnight JJ B-NP
+use NN I-NP
+in IN B-PP
+amounts NNS B-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+or CC I-NP
+more JJR I-NP
+. . O
+
+Source NN B-NP
+: : O
+Fulton NNP B-NP
+Prebon NNP I-NP
+-LRB- ( O
+U.S.A NNP O
+. . O
+-RRB- ) O
+Inc NNP B-NP
+. . O
+
+DISCOUNT NN B-NP
+RATE NN I-NP
+: : O
+7 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+on IN B-PP
+loans NNS B-NP
+to TO B-PP
+depository NN B-NP
+institutions NNS I-NP
+by IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Federal NNP I-NP
+Reserve NNP I-NP
+Bank NNP I-NP
+. . O
+
+CALL NN B-NP
+MONEY NN I-NP
+: : O
+9 CD B-NP
+3\/4 CD I-NP
+% NN I-NP
+to TO O
+10 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+charge NN I-NP
+on IN B-PP
+loans NNS B-NP
+to TO B-PP
+brokers NNS B-NP
+on IN B-PP
+stock NN B-NP
+exchange NN I-NP
+collateral NN I-NP
+. . O
+
+COMMERCIAL JJ B-NP
+PAPER NN I-NP
+placed VBN B-VP
+directly RB B-ADVP
+by IN B-PP
+General NNP B-NP
+Motors NNPS I-NP
+Acceptance NNP I-NP
+Corp. NNP I-NP
+: : O
+8.45 CD B-NP
+% NN I-NP
+30 CD B-NP
+to TO I-NP
+44 CD I-NP
+days NNS I-NP
+; : O
+8.25 CD B-NP
+% NN I-NP
+45 CD B-NP
+to TO I-NP
+74 CD I-NP
+days NNS I-NP
+; : O
+8.30 CD B-NP
+% NN I-NP
+75 CD B-NP
+to TO I-NP
+99 CD I-NP
+days NNS I-NP
+; : O
+7.75 CD B-NP
+% NN I-NP
+100 CD B-NP
+to TO I-NP
+179 CD I-NP
+days NNS I-NP
+; : O
+7.50 CD B-NP
+% NN I-NP
+180 CD B-NP
+to TO I-NP
+270 CD I-NP
+days NNS I-NP
+. . O
+
+COMMERCIAL JJ B-NP
+PAPER NN I-NP
+: : O
+High-grade JJ B-NP
+unsecured JJ I-NP
+notes NNS I-NP
+sold VBN B-VP
+through IN B-PP
+dealers NNS B-NP
+by IN B-PP
+major JJ B-NP
+corporations NNS I-NP
+in IN B-PP
+multiples NNS B-NP
+of IN B-PP
+$ $ B-NP
+1,000 CD I-NP
+: : O
+8.55 CD B-NP
+% NN I-NP
+30 CD B-NP
+days NNS I-NP
+; : O
+8.45 CD B-NP
+% NN I-NP
+60 CD B-NP
+days NNS I-NP
+; : O
+8.375 CD B-NP
+% NN I-NP
+90 CD B-NP
+days NNS I-NP
+. . O
+
+CERTIFICATES NNS B-NP
+OF IN B-PP
+DEPOSIT NN B-NP
+: : O
+8.05 CD B-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8.02 CD B-NP
+% NN I-NP
+two CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+7.98 CD B-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+; : O
+7.95 CD B-NP
+% NN I-NP
+one CD B-NP
+year NN I-NP
+. . O
+
+Average NNP B-NP
+of IN B-PP
+top JJ B-NP
+rates NNS I-NP
+paid VBN B-VP
+by IN B-PP
+major JJ B-NP
+New NNP I-NP
+York NNP I-NP
+banks NNS I-NP
+on IN B-PP
+primary JJ B-NP
+new JJ I-NP
+issues NNS I-NP
+of IN B-PP
+negotiable JJ B-NP
+C.D.s NNS I-NP
+, , O
+usually RB B-ADVP
+on IN B-PP
+amounts NNS B-NP
+of IN B-PP
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+and CC I-NP
+more JJR I-NP
+. . O
+
+The DT B-NP
+minimum JJ I-NP
+unit NN I-NP
+is VBZ B-VP
+$ $ B-NP
+100,000 CD I-NP
+. . O
+
+Typical JJ B-NP
+rates NNS I-NP
+in IN B-PP
+the DT B-NP
+secondary JJ I-NP
+market NN I-NP
+: : O
+8.53 CD B-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8.48 CD B-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+8.40 CD B-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+. . O
+
+BANKERS NNS B-NP
+ACCEPTANCES NNS I-NP
+: : O
+8.42 CD B-NP
+% NN I-NP
+30 CD B-NP
+days NNS I-NP
+; : O
+8.30 CD B-NP
+% NN I-NP
+60 CD B-NP
+days NNS I-NP
+; : O
+8.28 CD B-NP
+% NN I-NP
+90 CD B-NP
+days NNS I-NP
+; : O
+8.15 CD B-NP
+% NN I-NP
+120 CD B-NP
+days NNS I-NP
+; : O
+8.05 CD B-NP
+% NN I-NP
+150 CD B-NP
+days NNS I-NP
+; : O
+7.95 CD B-NP
+% NN I-NP
+180 CD B-NP
+days NNS I-NP
+. . O
+
+Negotiable JJ B-NP
+, , I-NP
+bank-backed JJ I-NP
+business NN I-NP
+credit NN I-NP
+instruments NNS I-NP
+typically RB B-VP
+financing VBG I-VP
+an DT B-NP
+import NN I-NP
+order NN I-NP
+. . O
+
+LONDON NNP B-NP
+LATE JJ I-NP
+EURODOLLARS NNS I-NP
+: : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+two CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+5\/8 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+9\/16 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+7\/16 CD I-NP
+% NN I-NP
+four CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+3\/8 CD I-NP
+% NN I-NP
+five CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+to TO O
+8 CD B-NP
+3\/8 CD I-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+. . O
+
+LONDON NNP B-NP
+INTERBANK NNP I-NP
+OFFERED NNP I-NP
+RATES NNS I-NP
+-LRB- ( O
+LIBOR NNP B-NP
+-RRB- ) O
+: : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+one CD B-NP
+month NN I-NP
+; : O
+8 CD B-NP
+11\/16 CD I-NP
+% NN I-NP
+three CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+six CD B-NP
+months NNS I-NP
+; : O
+8 CD B-NP
+1\/2 CD I-NP
+% NN I-NP
+one CD B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+average NN I-NP
+of IN B-PP
+interbank NN B-NP
+offered VBD I-NP
+rates NNS I-NP
+for IN B-PP
+dollar NN B-NP
+deposits NNS I-NP
+in IN B-PP
+the DT B-NP
+London NNP I-NP
+market NN I-NP
+based VBN B-PP
+on IN B-PP
+quotations NNS B-NP
+at IN B-PP
+five CD B-NP
+major JJ I-NP
+banks NNS I-NP
+. . O
+
+FOREIGN JJ B-NP
+PRIME JJ I-NP
+RATES NNS I-NP
+: : O
+Canada NNP B-NP
+13.50 CD B-NP
+% NN I-NP
+; : O
+Germany NNP B-NP
+8.50 CD B-NP
+% NN I-NP
+; : O
+Japan NNP B-NP
+4.875 CD B-NP
+% NN I-NP
+; : O
+Switzerland NNP B-NP
+8.50 CD B-NP
+% NN I-NP
+; : O
+Britain NNP B-NP
+15 CD B-NP
+% NN I-NP
+. . O
+
+These DT B-NP
+rate NN I-NP
+indications NNS I-NP
+are VBP B-VP
+n't RB O
+directly RB B-ADJP
+comparable JJ I-ADJP
+; : O
+lending NN B-NP
+practices NNS I-NP
+vary VBP B-VP
+widely RB B-ADVP
+by IN B-PP
+location NN B-NP
+. . O
+
+TREASURY NN B-NP
+BILLS NNS I-NP
+: : O
+Results NNS B-NP
+of IN B-PP
+the DT B-NP
+Monday NNP I-NP
+, , I-NP
+October NNP I-NP
+16 CD I-NP
+, , I-NP
+1989 CD I-NP
+, , I-NP
+auction NN I-NP
+of IN B-PP
+short-term NNP B-NP
+U.S. NNP I-NP
+government NN I-NP
+bills NNS I-NP
+, , O
+sold VBN B-VP
+at IN B-PP
+a DT B-NP
+discount NN I-NP
+from IN B-PP
+face NN B-NP
+value NN I-NP
+in IN B-PP
+units NNS B-NP
+of IN B-PP
+$ $ B-NP
+10,000 CD I-NP
+to TO O
+$ $ B-NP
+1 CD I-NP
+million CD I-NP
+: : O
+7.37 CD B-NP
+% NN I-NP
+13 CD B-NP
+weeks NNS I-NP
+; : O
+7.42 CD B-NP
+% NN I-NP
+26 CD B-NP
+weeks NNS I-NP
+. . O
+
+FEDERAL NNP B-NP
+HOME NNP I-NP
+LOAN NNP I-NP
+MORTGAGE NNP I-NP
+CORP NNP I-NP
+. . O
+-LRB- ( O
+Freddie NNP B-NP
+Mac NNP I-NP
+-RRB- ) O
+: : O
+
+Posted VBN B-NP
+yields NNS I-NP
+on IN B-PP
+30-year JJ B-NP
+mortgage NN I-NP
+commitments NNS I-NP
+for IN B-PP
+delivery NN B-NP
+within IN B-PP
+30 CD B-NP
+days NNS I-NP
+. . O
+
+9.88 CD B-NP
+% NN I-NP
+, , O
+standard JJ B-NP
+conventional JJ I-NP
+fixed-rate JJ I-NP
+mortgages NNS I-NP
+; : O
+7.875 CD B-NP
+% NN I-NP
+, , O
+2 CD B-NP
+% NN I-NP
+rate NN I-NP
+capped VBD I-NP
+one-year JJ I-NP
+adjustable JJ I-NP
+rate NN I-NP
+mortgages NNS I-NP
+. . O
+
+Source NN B-NP
+: : O
+Telerate NNP B-NP
+Systems NNP I-NP
+Inc NNP I-NP
+. . O
+
+FEDERAL NNP B-NP
+NATIONAL NNP I-NP
+MORTGAGE NNP I-NP
+ASSOCIATION NNP I-NP
+-LRB- ( O
+Fannie NNP B-NP
+Mae NNP I-NP
+-RRB- ) O
+: : O
+
+Posted VBN B-NP
+yields NNS I-NP
+on IN B-PP
+30 CD B-NP
+year NN I-NP
+mortgage NN I-NP
+commitments NNS I-NP
+for IN B-PP
+delivery NN B-NP
+within IN B-PP
+30 CD B-NP
+days NNS I-NP
+-LRB- ( O
+priced VBN B-VP
+at IN B-PP
+par NN B-NP
+-RRB- ) O
+9.83 CD B-NP
+% NN I-NP
+, , O
+standard JJ B-NP
+conventional JJ I-NP
+fixed-rate JJ I-NP
+mortgages NNS I-NP
+; : O
+8.70 CD B-NP
+% NN I-NP
+, , O
+6\/2 CD B-NP
+rate NN I-NP
+capped VBD I-NP
+one-year JJ I-NP
+adjustable JJ I-NP
+rate NN I-NP
+mortgages NNS I-NP
+. . O
+
+Source NN B-NP
+: : O
+Telerate NNP B-NP
+Systems NNP I-NP
+Inc NNP I-NP
+. . O
+
+MERRILL NNP B-NP
+LYNCH NNP I-NP
+READY NNP I-NP
+ASSETS NNP I-NP
+TRUST NNP I-NP
+: : O
+8.50 CD B-NP
+% NN I-NP
+. . O
+
+Annualized VBN B-NP
+average JJ I-NP
+rate NN I-NP
+of IN B-PP
+return NN B-NP
+after IN B-PP
+expenses NNS B-NP
+for IN B-PP
+the DT B-NP
+past JJ I-NP
+30 CD I-NP
+days NNS I-NP
+; : B-NP
+not RB I-NP
+a DT B-NP
+forecast NN I-NP
+of IN B-PP
+future NN B-NP
+returns NNS I-NP
+. . O
+
+A DT B-NP
+grand JJ I-NP
+jury NN I-NP
+here RB B-ADVP
+indicted VBD B-VP
+Norton NNP B-NP
+Co. NNP I-NP
+'s POS B-NP
+former JJ I-NP
+director NN I-NP
+of IN B-PP
+advanced-ceramics NN B-NP
+research NN I-NP
+, , O
+charging VBG B-VP
+him PRP B-NP
+with IN B-PP
+interstate JJ B-NP
+transportation NN I-NP
+of IN B-PP
+stolen VBN B-NP
+property NN I-NP
+. . O
+
+Norton NNP B-NP
+and CC O
+General NNP B-NP
+Electric NNP I-NP
+Co. NNP I-NP
+last JJ B-NP
+month NN I-NP
+filed VBD B-VP
+a DT B-NP
+lawsuit NN I-NP
+against IN B-PP
+the DT B-NP
+former JJ I-NP
+research NN I-NP
+manager NN I-NP
+, , O
+Chien-Min NNP B-NP
+Sung NNP I-NP
+, , O
+charging VBG B-VP
+him PRP B-NP
+with IN B-PP
+stealing VBG B-VP
+trade NN B-NP
+secrets NNS I-NP
+. . O
+
+Mr. NNP B-NP
+Sung NNP I-NP
+formerly RB B-ADVP
+worked VBD B-VP
+at IN B-PP
+General NNP B-NP
+Electric NNP I-NP
+in IN B-PP
+research NN B-NP
+on IN B-PP
+synthetic JJ B-NP
+diamonds NNS I-NP
+. . O
+
+The DT B-NP
+criminal JJ I-NP
+charges NNS I-NP
+brought VBN B-VP
+against IN B-PP
+him PRP B-NP
+involved VBD B-VP
+GE NNP B-NP
+technology NN I-NP
+, , O
+according VBG B-PP
+the DT B-NP
+court NN I-NP
+documents NNS I-NP
+. . O
+
+If IN B-SBAR
+convicted VBN B-VP
+, , O
+he PRP B-NP
+could MD B-VP
+be VB I-VP
+imprisoned VBN I-VP
+for IN B-PP
+up IN B-NP
+to TO I-NP
+10 CD I-NP
+years NNS I-NP
+and CC O
+fined VBN B-VP
+$ $ B-NP
+250,000 CD I-NP
+. . O
+
+Mr. NNP B-NP
+Sung NNP I-NP
+could MD B-VP
+n't RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+comment NN B-NP
+. . O
+
+He PRP B-NP
+earlier RBR B-ADVP
+denied VBN B-VP
+the DT B-NP
+allegations NNS I-NP
+against IN B-PP
+him PRP B-NP
+in IN B-PP
+the DT B-NP
+lawsuit NN I-NP
+by IN B-PP
+Norton NNP B-NP
+and CC I-NP
+GE NNP I-NP
+. . O
+
+Norton NNP B-NP
+makes VBZ B-VP
+sandpaper NN B-NP
+and CC O
+other JJ B-NP
+abrasives NNS I-NP
+, , O
+diamond NN B-NP
+tools NNS I-NP
+, , O
+specialty NN B-NP
+plastics NNS I-NP
+and CC O
+ceramics NNS B-NP
+. . O
+
+As IN B-SBAR
+the DT B-NP
+citizens NNS I-NP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+and CC O
+surrounding VBG B-NP
+communities NNS I-NP
+began VBD B-VP
+assessing VBG I-VP
+the DT B-NP
+damage NN I-NP
+from IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+devastating JJ I-NP
+earthquake NN I-NP
+, , O
+NBC NNP B-NP
+News NNP I-NP
+began VBD B-VP
+assessing VBG I-VP
+the DT B-NP
+damage NN I-NP
+from IN B-PP
+what WP B-NP
+some DT B-NP
+said VBD B-VP
+was VBD B-VP
+a DT B-NP
+failure NN I-NP
+to TO B-VP
+provide VB I-VP
+comprehensive JJ B-NP
+coverage NN I-NP
+in IN B-PP
+the DT B-NP
+earthquake NN I-NP
+'s POS B-NP
+initial JJ I-NP
+moments NNS I-NP
+. . O
+
+`` `` O
+In IN B-PP
+terms NNS B-NP
+of IN B-PP
+coverage NN B-NP
+, , O
+it PRP B-NP
+was VBD B-VP
+a DT B-NP
+disaster NN I-NP
+equal JJ B-ADJP
+to TO B-PP
+the DT B-NP
+earthquakes NNS I-NP
+, , O
+'' '' O
+said VBD B-VP
+Eric NNP B-NP
+Premner NNP I-NP
+, , O
+president NN B-NP
+for IN B-PP
+broadcasting NN B-NP
+of IN B-PP
+King NNP B-NP
+Broadcasting NNP I-NP
+Co. NNP I-NP
+, , O
+which WDT B-NP
+owns VBZ B-VP
+the DT B-NP
+NBC NNP I-NP
+affiliate NN I-NP
+in IN B-PP
+Seattle NNP B-NP
+, , O
+Wash NNP B-NP
+. . O
+
+While IN B-SBAR
+rival JJ B-NP
+ABC NNP I-NP
+News NNP I-NP
+outstripped NN B-VP
+the DT B-NP
+competition NN I-NP
+in IN B-PP
+live VB B-NP
+coverage NN I-NP
+of IN B-PP
+the DT B-NP
+event NN I-NP
+by IN B-PP
+sheer JJ B-NP
+luck NN I-NP
+-- : O
+the DT B-NP
+network NN I-NP
+was VBD B-VP
+broadcasting VBG I-VP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+from IN B-PP
+Candlestick NNP B-NP
+Park NNP I-NP
+when WRB B-ADVP
+the DT B-NP
+quake NN I-NP
+struck VBD B-VP
+-- : O
+NBC NNP B-NP
+News NNP I-NP
+was VBD B-VP
+unable JJ B-ADJP
+to TO B-VP
+get VB I-VP
+its PRP$ B-NP
+signal NN I-NP
+out IN B-PP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+hour NN I-NP
+after IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+have VBP B-VP
+to TO I-VP
+attribute VB I-VP
+the DT B-NP
+lackluster JJ I-NP
+performance NN I-NP
+to TO B-PP
+a DT B-NP
+natural JJ I-NP
+disaster NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Mr. NNP B-NP
+Premner NNP I-NP
+. . O
+
+`` `` O
+So RB O
+before IN B-SBAR
+I PRP B-NP
+start VBP B-VP
+to TO I-VP
+be VB I-VP
+really RB B-ADJP
+critical JJ I-ADJP
+of IN B-PP
+NBC NNP B-NP
+, , O
+I PRP B-NP
+would MD B-VP
+like VB I-VP
+to TO I-VP
+know VB I-VP
+more JJR B-NP
+about IN B-PP
+what WP B-NP
+happened VBD B-VP
+. . O
+'' '' O
+
+There EX B-NP
+were VBD B-VP
+no DT B-NP
+complaints NNS I-NP
+from IN B-PP
+affiliates NNS B-NP
+of IN B-PP
+CBS NNP B-NP
+Inc. NNP I-NP
+and CC O
+Cable NNP B-NP
+News NNP I-NP
+Network NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+Turner NNP B-NP
+Broadcasting NNP I-NP
+System NNP I-NP
+Inc NNP I-NP
+. . O
+
+But CC O
+that DT B-NP
+was VBD B-VP
+not RB O
+the DT B-NP
+case NN I-NP
+at IN B-PP
+NBC NNP B-NP
+News NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+dogged VBN I-VP
+with IN B-PP
+the DT B-NP
+image NN I-NP
+of IN B-PP
+not RB B-VP
+being VBG I-VP
+aggressive JJ B-ADJP
+on IN B-PP
+major JJ B-NP
+breaking NN I-NP
+stories NNS I-NP
+. . O
+
+Last JJ B-NP
+summer NN I-NP
+, , O
+the DT B-NP
+affiliates NNS I-NP
+bitterly RB B-VP
+complained VBD I-VP
+to TO B-PP
+network VB B-NP
+executives NNS I-NP
+about IN B-PP
+the DT B-NP
+poor JJ I-NP
+coverage NN I-NP
+of IN B-PP
+the DT B-NP
+student NN I-NP
+uprising NN I-NP
+in IN B-PP
+China NNP B-NP
+. . O
+
+`` `` O
+I PRP B-NP
+was VBD B-VP
+not RB I-VP
+pleased VBN I-VP
+with IN B-PP
+the DT B-NP
+slow JJ I-NP
+start NN I-NP
+, , O
+and CC O
+neither DT B-ADVP
+was VBD O
+NBC NNP B-NP
+News NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+Guy NNP B-NP
+Hempel NNP I-NP
+, , O
+general JJ B-NP
+manager NN I-NP
+of IN B-PP
+NBC NNP B-NP
+affiliate NN I-NP
+WAVE NNP I-NP
+in IN B-PP
+Louisville NNP B-NP
+, , O
+Ky NNP B-NP
+. . O
+
+A DT B-NP
+spokesman NN I-NP
+for IN B-PP
+National NNP B-NP
+Broadcasting NNP I-NP
+Co. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+General NNP B-NP
+Electric NNP I-NP
+Co. NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+network NN I-NP
+was VBD B-VP
+`` `` O
+looking VBG B-VP
+into IN B-PP
+what WP B-NP
+happened VBD B-VP
+. . O
+'' '' O
+
+The DT B-NP
+stations NNS I-NP
+said VBD B-VP
+they PRP B-NP
+were VBD B-VP
+pleased VBN I-VP
+with IN B-PP
+the DT B-NP
+extended VBN I-NP
+coverage NN I-NP
+yesterday NN B-NP
+, , O
+including VBG B-PP
+a DT B-NP
+special JJ I-NP
+five-hour JJ I-NP
+edition NN I-NP
+of IN B-PP
+`` `` O
+Today NN B-NP
+. . O
+'' '' O
+
+Don NNP B-NP
+Browne NNP I-NP
+, , O
+director NN B-NP
+of IN B-PP
+news NN B-NP
+at IN B-PP
+NBC NNP B-NP
+News NNP I-NP
+, , O
+said VBD B-VP
+in IN B-PP
+an DT B-NP
+interview NN I-NP
+that IN B-SBAR
+`` `` O
+we PRP B-NP
+could MD B-VP
+n't RB I-VP
+get VB I-VP
+a DT B-NP
+signal NN I-NP
+out IN B-PP
+of IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+We PRP B-NP
+were VBD B-VP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+box NN I-NP
+. . O
+
+It PRP B-NP
+was VBD B-VP
+horrible JJ B-ADJP
+. . O
+
+The DT B-NP
+comment NN I-NP
+we PRP B-NP
+'re VBP B-VP
+hearing VBG I-VP
+is VBZ B-VP
+that IN B-SBAR
+we PRP B-NP
+were VBD B-VP
+slow JJ B-ADJP
+out IN B-PP
+of IN B-PP
+the DT B-NP
+box NN I-NP
+, , O
+but CC O
+beat VB B-VP
+everyone NN B-NP
+else RB B-ADJP
+in IN B-PP
+the DT B-NP
+stretch NN I-NP
+. . O
+'' '' O
+
+NBC NNP B-NP
+broadcast NN B-VP
+throughout IN B-PP
+the DT B-NP
+entire JJ I-NP
+night NN I-NP
+and CC O
+did VBD B-VP
+not RB I-VP
+go VB I-VP
+off IN B-PP
+the DT B-NP
+air NN I-NP
+until IN B-PP
+noon NN B-NP
+yesterday NN B-NP
+. . O
+
+The DT B-NP
+quake NN I-NP
+postponed VBD B-VP
+the DT B-NP
+third JJ I-NP
+and CC I-NP
+fourth JJ I-NP
+games NNS I-NP
+of IN B-PP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+. . O
+
+In IN B-PP
+place NN B-NP
+of IN B-PP
+the DT B-NP
+games NNS I-NP
+, , O
+ABC NNP B-NP
+said VBD B-VP
+it PRP B-NP
+planned VBD B-VP
+to TO I-VP
+broadcast VB I-VP
+next JJ B-NP
+week NN I-NP
+'s POS B-NP
+episodes NNS I-NP
+of IN B-PP
+its PRP$ B-NP
+prime-time JJ I-NP
+Wednesday NNP I-NP
+and CC I-NP
+Thursday NNP I-NP
+lineups NNS I-NP
+, , O
+except IN B-PP
+for IN B-PP
+a DT B-NP
+one-hour JJ I-NP
+special NN I-NP
+on IN B-PP
+the DT B-NP
+earthquake NN I-NP
+at IN B-PP
+10 CD B-NP
+p.m. NN I-NP
+last JJ B-NP
+night NN I-NP
+. . O
+
+The DT B-NP
+series NN I-NP
+is VBZ B-VP
+scheduled VBN I-VP
+to TO I-VP
+resume VB I-VP
+Tuesday NNP B-NP
+evening NN I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+`` `` O
+There EX B-NP
+are VBP B-VP
+no DT B-NP
+commercials NNS I-NP
+to TO B-VP
+make VB I-VP
+up IN B-PRT
+for IN B-PP
+since IN B-SBAR
+we PRP B-NP
+'re VBP B-VP
+going VBG I-VP
+to TO I-VP
+eventually RB I-VP
+broadcast NN I-VP
+the DT B-NP
+World NNP I-NP
+Series NNP I-NP
+, , O
+'' '' O
+said VBD B-VP
+a DT B-NP
+network NN I-NP
+spokesman NN I-NP
+. . O
+
+Pinnacle NNP B-NP
+West NNP I-NP
+Capital NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+suspended VBD B-VP
+indefinitely RB B-ADVP
+its PRP$ B-NP
+common JJ I-NP
+stock NN I-NP
+dividend NN I-NP
+and CC O
+reported VBD B-VP
+a DT B-NP
+91 CD I-NP
+% NN I-NP
+plunge NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+. . O
+
+The DT B-NP
+announcement NN I-NP
+, , O
+made VBN B-VP
+after IN B-PP
+the DT B-NP
+close NN I-NP
+of IN B-PP
+trading NN B-NP
+, , O
+caught VBN B-VP
+analysts NNS B-NP
+by IN B-PP
+surprise NN B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+12 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+down RB B-ADVP
+62.5 CD B-NP
+cents NNS I-NP
+, , O
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+Pinnacle NNP B-NP
+West NNP I-NP
+slashed VBD B-VP
+its PRP$ B-NP
+quarterly JJ I-NP
+dividend NN I-NP
+to TO B-PP
+40 CD B-NP
+cents NNS I-NP
+per IN B-PP
+share NN B-NP
+from IN B-PP
+70 CD B-NP
+cents NNS I-NP
+in IN B-PP
+December NNP B-NP
+, , O
+saying VBG B-VP
+at IN B-PP
+the DT B-NP
+time NN I-NP
+that IN B-SBAR
+it PRP B-NP
+believed VBD B-VP
+the DT B-NP
+new JJ I-NP
+, , I-NP
+lower JJR I-NP
+dividend NN I-NP
+was VBD B-VP
+`` `` O
+sustainable JJ B-ADJP
+. . O
+'' '' O
+
+A DT B-NP
+company NN I-NP
+spokesman NN I-NP
+said VBD B-VP
+the DT B-NP
+decision NN I-NP
+to TO B-VP
+eliminate VB I-VP
+the DT B-NP
+dividend NN I-NP
+resulted VBD B-VP
+from IN B-PP
+a DT B-NP
+quarterly JJ I-NP
+appraisal NN I-NP
+and CC O
+that IN B-SBAR
+circumstances NNS B-NP
+had VBD B-VP
+changed VBN I-VP
+since IN B-PP
+the DT B-NP
+December NNP I-NP
+announcement NN I-NP
+. . O
+
+He PRP B-NP
+declined VBD B-VP
+to TO I-VP
+elaborate VB I-VP
+. . O
+
+Edward NNP B-NP
+J. NNP I-NP
+Tirello NNP I-NP
+Jr. NNP I-NP
+, , O
+an DT B-NP
+analyst NN I-NP
+at IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+Inc. NNP I-NP
+, , O
+speculated VBD B-VP
+that IN B-SBAR
+the DT B-NP
+sudden JJ I-NP
+dividend NN I-NP
+elimination NN I-NP
+presages VBZ B-VP
+an DT B-NP
+expensive JJ I-NP
+agreement NN I-NP
+with IN B-PP
+thrift NN B-NP
+regulators NNS I-NP
+over IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+insolvent JJ I-NP
+MeraBank NNP I-NP
+savings NNS I-NP
+and CC I-NP
+loan NN I-NP
+unit NN I-NP
+. . O
+
+Analysts NNS B-NP
+have VBP B-VP
+estimated VBN I-VP
+that IN B-SBAR
+Pinnacle NNP B-NP
+West NNP I-NP
+may MD B-VP
+have VB I-VP
+to TO I-VP
+inject VB I-VP
+between IN B-NP
+$ $ I-NP
+300 CD I-NP
+million CD I-NP
+and CC I-NP
+$ $ I-NP
+400 CD I-NP
+million CD I-NP
+into IN B-PP
+the DT B-NP
+MeraBank NNP I-NP
+unit NN I-NP
+before IN B-PP
+turning VBG B-VP
+the DT B-NP
+thrift NN I-NP
+over IN B-PRT
+to TO B-PP
+federal JJ B-NP
+regulators NNS I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+financial JJ I-NP
+results NNS I-NP
+at IN B-PP
+the DT B-NP
+troubled JJ I-NP
+utility NN I-NP
+and CC I-NP
+thrift NN I-NP
+holding VBG I-NP
+company NN I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+Phoenix NNP B-NP
+, , O
+Ariz. NNP B-NP
+, , O
+reflect VB B-VP
+continuing VBG B-NP
+problems NNS I-NP
+at IN B-PP
+MeraBank NNP B-NP
+and CC O
+losses NNS B-NP
+in IN B-PP
+real-estate NN B-NP
+, , I-NP
+venture-capital NN I-NP
+and CC I-NP
+uranium-mining NN I-NP
+operations NNS I-NP
+. . O
+
+Third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+slid VBD B-VP
+to TO B-PP
+$ $ B-NP
+5.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+six CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+56 CD I-NP
+million CD I-NP
+, , O
+or CC O
+65 CD B-NP
+cents NNS I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Utility NN B-NP
+operations NNS I-NP
+, , O
+the DT B-NP
+only JJ I-NP
+company NN I-NP
+unit NN I-NP
+operating VBG B-VP
+in IN B-PP
+the DT B-NP
+black NN I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+period NN I-NP
+, , O
+had VBD B-VP
+a DT B-NP
+26 CD I-NP
+% NN I-NP
+drop NN I-NP
+in IN B-PP
+profit NN B-NP
+, , O
+to TO B-PP
+$ $ B-NP
+86.3 CD I-NP
+million CD I-NP
+, , O
+largely RB B-ADVP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+outages NNS B-NP
+at IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+huge JJ I-NP
+Palo NNP I-NP
+Verde NNP I-NP
+nuclear JJ I-NP
+facility NN I-NP
+and CC O
+the DT B-NP
+cost NN I-NP
+of IN B-PP
+purchased VBN B-NP
+replacement NN I-NP
+power NN I-NP
+. . O
+
+In IN B-PP
+other JJ B-NP
+operations NNS I-NP
+, , O
+losses NNS B-NP
+at IN B-PP
+MeraBank NNP B-NP
+totaled VBD B-VP
+$ $ B-NP
+85.7 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+a DT B-NP
+$ $ I-NP
+2.5 CD I-NP
+million CD I-NP
+profit NN I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+includes VBZ B-VP
+a DT B-NP
+$ $ I-NP
+42.7 CD I-NP
+million CD I-NP
+addition NN I-NP
+to TO B-PP
+loan-loss NN B-NP
+reserves NNS I-NP
+. . O
+
+As RB B-ADVP
+recently RB I-ADVP
+as IN B-PP
+August NNP B-NP
+, , O
+the DT B-NP
+company NN I-NP
+said VBD B-VP
+it PRP B-NP
+did VBD B-VP
+n't RB I-VP
+foresee VB I-VP
+a DT B-NP
+need NN I-NP
+for IN B-PP
+substantial JJ B-NP
+additions NNS I-NP
+to TO B-PP
+reserves NNS B-NP
+. . O
+
+Pinnacle NNP B-NP
+'s POS B-NP
+SunCor NNP I-NP
+Development NNP I-NP
+Co NNP I-NP
+. . I-NP
+real-estate NN I-NP
+unit NN I-NP
+'s POS B-NP
+loss NN I-NP
+narrowed VBD B-VP
+to TO B-PP
+$ $ B-NP
+13.8 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+78.4 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+period NN I-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+9 CD I-NP
+million CD I-NP
+write-down NN I-NP
+on IN B-PP
+undeveloped JJ B-NP
+land NN I-NP
+, , O
+while IN B-SBAR
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+46 CD I-NP
+million CD I-NP
+reserve NN I-NP
+for IN B-PP
+real-estate NN B-NP
+losses NNS I-NP
+. . O
+
+Losses NNS B-NP
+at IN B-PP
+its PRP$ B-NP
+Malapai NNP I-NP
+Resources NNP I-NP
+Co NNP I-NP
+. . I-NP
+uranium-mining NN I-NP
+unit NN I-NP
+narrowed VBD B-VP
+to TO B-PP
+$ $ B-NP
+3.4 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+18 CD I-NP
+million CD I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+which WDT B-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+9 CD I-NP
+million CD I-NP
+write-down NN I-NP
+of IN B-PP
+utility NN B-NP
+inventories NNS I-NP
+. . O
+
+Losses NNS B-NP
+at IN B-PP
+El NNP B-NP
+Dorado NNP I-NP
+Investment NNP I-NP
+Co. NNP I-NP
+, , O
+the DT B-NP
+venture-capital JJ I-NP
+operation NN I-NP
+, , O
+widened VBD B-VP
+to TO B-PP
+$ $ B-NP
+6.8 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+425,000 CD I-NP
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+quarter NN I-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+6.6 CD I-NP
+million CD I-NP
+write-down NN I-NP
+of IN B-PP
+investments NNS B-NP
+. . O
+
+Equitec NNP B-NP
+Financial NNP I-NP
+Group NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+ask VB I-VP
+as RB B-NP
+many JJ I-NP
+as IN I-NP
+100,000 CD I-NP
+investors NNS I-NP
+in IN B-PP
+12 CD B-NP
+of IN B-PP
+its PRP$ B-NP
+public JJ I-NP
+real-estate NN I-NP
+limited JJ I-NP
+partnerships NNS I-NP
+to TO B-VP
+give VB I-VP
+approval NN B-NP
+to TO B-PP
+rolling VBG B-VP
+them PRP B-NP
+up IN B-PRT
+into IN B-PP
+a DT B-NP
+new JJ I-NP
+master NN I-NP
+limited JJ I-NP
+partnership NN I-NP
+. . O
+
+Under IN B-PP
+the DT B-NP
+proposal NN I-NP
+by IN B-PP
+Equitec NNP B-NP
+, , O
+a DT B-NP
+financially RB I-NP
+troubled JJ I-NP
+real-estate NN I-NP
+syndicator NN I-NP
+, , O
+New NNP B-NP
+York-based JJ I-NP
+Hallwood NNP I-NP
+Group NNP I-NP
+Inc. NNP I-NP
+would MD B-VP
+replace VB I-VP
+Equitec NNP B-NP
+as IN B-PP
+the DT B-NP
+newly RB I-NP
+formed VBN I-NP
+master NN I-NP
+limited JJ I-NP
+partnership NN I-NP
+'s POS B-NP
+general JJ I-NP
+partner NN I-NP
+and CC I-NP
+manager NN I-NP
+. . O
+
+Shares NNS B-NP
+of IN B-PP
+the DT B-NP
+new JJ I-NP
+partnership NN I-NP
+would MD B-VP
+trade VB I-VP
+on IN B-PP
+an DT B-NP
+exchange NN I-NP
+like IN B-PP
+a DT B-NP
+stock NN I-NP
+. . O
+
+Hallwood NNP B-NP
+is VBZ B-VP
+a DT B-NP
+merchant NN I-NP
+bank NN I-NP
+whose WP$ B-NP
+activities NNS I-NP
+include VBP B-VP
+the DT B-NP
+ownership NN I-NP
+, , I-NP
+management NN I-NP
+and CC I-NP
+financial JJ I-NP
+restructuring NN I-NP
+of IN B-PP
+shopping NN B-NP
+centers NNS I-NP
+, , O
+office NN B-NP
+buildings NNS I-NP
+, , O
+apartments NNS B-NP
+and CC O
+other JJ B-NP
+real JJ I-NP
+estate NN I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+statement NN I-NP
+, , O
+Equitec NNP B-NP
+Chairman NNP I-NP
+Richard NNP I-NP
+L. NNP I-NP
+Saalfeld NNP I-NP
+said VBD B-VP
+the DT B-NP
+transfer NN I-NP
+will MD B-VP
+benefit VB I-VP
+both DT B-NP
+the DT B-NP
+company NN I-NP
+and CC O
+investors NNS B-NP
+in IN B-PP
+the DT B-NP
+12 CD I-NP
+limited JJ I-NP
+partnerships NNS I-NP
+included VBD B-VP
+in IN B-PP
+the DT B-NP
+proposed VBN I-NP
+rollup NN I-NP
+. . O
+
+While IN B-SBAR
+he PRP B-NP
+did VBD B-VP
+n't RB I-VP
+describe VB I-VP
+the DT B-NP
+partnerships NNS I-NP
+' POS B-NP
+financial JJ I-NP
+condition NN I-NP
+, , O
+he PRP B-NP
+said VBD B-VP
+their PRP$ B-NP
+operations NNS I-NP
+`` `` O
+continue VB B-VP
+to TO I-VP
+drain VB I-VP
+the DT B-NP
+resources NNS I-NP
+of IN B-PP
+Equitec NNP B-NP
+. . O
+'' '' O
+
+Equitec NNP B-NP
+posted VBD B-VP
+a DT B-NP
+$ $ I-NP
+3.3 CD I-NP
+million CD I-NP
+net JJ I-NP
+loss NN I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+on IN B-PP
+$ $ B-NP
+11.8 CD I-NP
+million CD I-NP
+of IN B-PP
+revenue NN B-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+12.9 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+on IN B-PP
+revenue NN B-NP
+of IN B-PP
+$ $ B-NP
+9.1 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Equitec NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+2.625 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+unchanged JJ B-ADJP
+. . O
+
+Because IN B-PP
+of IN I-PP
+Tuesday NNP B-NP
+'s POS B-NP
+earthquake NN I-NP
+in IN B-PP
+Northern NNP B-NP
+California NNP I-NP
+, , O
+company NN B-NP
+officials NNS I-NP
+could MD B-VP
+n't RB I-VP
+immediately RB I-VP
+be VB I-VP
+reached VBN I-VP
+for IN B-PP
+additional JJ B-NP
+comment NN I-NP
+. . O
+
+A DT B-NP
+spokesman NN I-NP
+for IN B-PP
+Hallwood NNP B-NP
+said VBD B-VP
+the DT B-NP
+12 CD I-NP
+limited JJ I-NP
+partnerships NNS I-NP
+, , O
+which WDT B-NP
+were VBD B-VP
+marketed VBN I-VP
+by IN B-PP
+brokerage NN B-NP
+firms NNS I-NP
+and CC O
+financial JJ B-NP
+planners NNS I-NP
+between IN B-PP
+1979 CD B-NP
+and CC I-NP
+1984 CD I-NP
+, , O
+raised VBN B-VP
+several JJ B-NP
+hundred CD I-NP
+million CD I-NP
+dollars NNS I-NP
+from IN B-PP
+investors NNS B-NP
+. . O
+
+With IN B-SBAR
+airline NN B-NP
+deals NNS I-NP
+in IN B-PP
+a DT B-NP
+tailspin NN I-NP
+, , O
+legendary JJ B-NP
+Wall NNP I-NP
+Street NNP I-NP
+trader NN I-NP
+Michael NNP I-NP
+Steinhardt NNP I-NP
+could MD B-VP
+have VB I-VP
+trouble NN B-NP
+parachuting VBG B-VP
+out IN B-PP
+of IN B-PP
+USAir NNP B-NP
+Group NNP I-NP
+, , O
+traders NNS B-NP
+say VBP B-VP
+. . O
+
+Only RB B-NP
+a DT I-NP
+week NN I-NP
+ago RB B-ADVP
+, , O
+when WRB B-ADVP
+airline NN B-NP
+buy-out NN I-NP
+fever NN I-NP
+was VBD B-VP
+already RB I-VP
+winding VBG I-VP
+down RB B-ADVP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+was VBD B-VP
+engaged VBN B-ADJP
+in IN B-PP
+a DT B-NP
+duel NN I-NP
+with IN B-PP
+USAir NNP B-NP
+. . O
+
+He PRP B-NP
+was VBD B-VP
+threatening VBG I-VP
+to TO I-VP
+take VB I-VP
+over IN B-PRT
+the DT B-NP
+carrier NN I-NP
+, , O
+after IN B-PP
+spending VBG B-VP
+an DT B-NP
+estimated VBN I-NP
+$ $ I-NP
+167 CD I-NP
+million CD I-NP
+to TO B-VP
+build VB I-VP
+an DT B-NP
+8.4 CD I-NP
+% NN I-NP
+USAir NNP I-NP
+stake NN I-NP
+for IN B-PP
+his PRP$ B-NP
+investment NN I-NP
+clients NNS I-NP
+. . O
+
+The DT B-NP
+would-be JJ I-NP
+raider NN I-NP
+even RB B-VP
+hired VBD I-VP
+an DT B-NP
+investment NN I-NP
+banker NN I-NP
+to TO B-VP
+give VB I-VP
+teeth NNS B-NP
+to TO B-PP
+his PRP$ B-NP
+takeover NN I-NP
+threat NN I-NP
+, , O
+which WDT B-NP
+was VBD B-VP
+widely RB I-VP
+interpreted VBN I-VP
+as IN B-PP
+an DT B-NP
+effort NN I-NP
+to TO B-VP
+flush VB I-VP
+out RP B-PRT
+an DT B-NP
+acquirer NN I-NP
+for IN B-PP
+USAir NNP B-NP
+, , B-PP
+or CC I-PP
+for IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+stake NN I-NP
+. . O
+
+In IN B-PP
+fighting VBG B-VP
+USAir NNP B-NP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+was VBD B-VP
+pitted VBN I-VP
+against IN B-PP
+another DT B-NP
+investor NN I-NP
+, , O
+billionnaire NN B-NP
+Warren NNP I-NP
+Buffett NNP I-NP
+, , O
+who WP B-NP
+bought VBD B-VP
+into IN B-PP
+USAir NNP B-NP
+to TO B-VP
+help VB I-VP
+fend VB I-VP
+off IN B-PRT
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Buffett NNP I-NP
+'s POS B-NP
+firm NN I-NP
+, , O
+Berkshire NNP B-NP
+Hathaway NNP I-NP
+, , O
+holds VBZ B-VP
+a DT B-NP
+much RB I-NP
+bigger JJR I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+carrier NN I-NP
+than IN B-PP
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+'s POS B-NP
+firm NN I-NP
+, , O
+Steinhardt NNP B-NP
+Partners NNPS I-NP
+. . O
+
+Now RB B-ADVP
+, , O
+in IN B-PP
+the DT B-NP
+wake NN I-NP
+of IN B-PP
+UAL NNP B-NP
+'s POS B-NP
+troubles NNS I-NP
+in IN B-PP
+financing VBG B-VP
+its PRP$ B-NP
+buy-out NN I-NP
+, , O
+the DT B-NP
+airline NN I-NP
+raiding VBG I-NP
+game NN I-NP
+has VBZ B-VP
+been VBN I-VP
+grounded VBN I-VP
+. . O
+
+Instead RB B-PP
+of IN I-PP
+hoping VBG B-VP
+to TO I-VP
+sell VB I-VP
+his PRP$ B-NP
+USAir NNP I-NP
+stake NN I-NP
+at IN B-PP
+analysts NNS B-NP
+' POS B-NP
+estimated VBN I-NP
+buy-out NN I-NP
+price NN I-NP
+of IN B-PP
+$ $ B-NP
+80 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+is VBZ B-VP
+stuck VBN I-VP
+with IN B-PP
+roughly RB B-NP
+3.7 CD I-NP
+million CD I-NP
+USAir NNP I-NP
+shares VBZ I-NP
+that DT B-NP
+cost NN B-VP
+him PRP B-NP
+$ $ B-NP
+45 CD I-NP
+, , O
+on IN B-PP
+average JJ B-NP
+, , O
+but CC O
+yesterday NN B-NP
+closed VBD B-VP
+at IN B-PP
+40 CD B-NP
+1\/2 CD I-NP
+, , O
+up IN B-ADVP
+1\/4 CD B-NP
+, , O
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+. . O
+
+`` `` O
+It PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+make VB I-VP
+sense NN B-NP
+to TO B-VP
+parachute VB I-VP
+out IN B-ADVP
+at IN B-PP
+this DT B-NP
+price NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+says VBZ B-VP
+, , O
+though IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+stopped VBN I-VP
+his PRP$ B-NP
+takeover NN I-NP
+talk NN I-NP
+and CC O
+now RB B-VP
+commends VBZ I-VP
+USAir NNP B-NP
+managers NNS I-NP
+' POS B-NP
+`` `` I-NP
+operating VBG I-NP
+skills NNS I-NP
+. . O
+'' '' O
+
+At IN B-PP
+the DT B-NP
+current JJ I-NP
+price NN I-NP
+, , O
+the DT B-NP
+USAir NNP I-NP
+holding VBG I-NP
+represents VBZ B-VP
+9 CD B-NP
+% NN I-NP
+of IN B-PP
+all PDT B-NP
+the DT I-NP
+assets NNS I-NP
+that IN B-NP
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+manages VBZ B-VP
+. . O
+
+A DT B-NP
+week NN I-NP
+ago RB B-ADVP
+, , O
+USAir NNP B-NP
+stock NN I-NP
+briefly NN B-ADVP
+soared VBD B-VP
+above IN B-PP
+52 CD B-NP
+after IN B-PP
+a DT B-NP
+report NN I-NP
+in IN B-PP
+USA NNP B-NP
+Today NN I-NP
+that IN B-SBAR
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+might MD B-VP
+launch VB I-VP
+a DT B-NP
+hostile JJ I-NP
+bid NN I-NP
+for IN B-PP
+the DT B-NP
+carrier NN I-NP
+, , O
+though IN B-SBAR
+takeover NN B-NP
+speculators NNS I-NP
+say VBP B-VP
+they PRP B-NP
+were VBD B-VP
+skeptical JJ B-ADJP
+. . O
+
+`` `` O
+If IN B-SBAR
+USAir NNP B-NP
+is VBZ B-VP
+worth JJ B-ADJP
+80 CD B-NP
+as IN B-PP
+a DT B-NP
+takeover NN I-NP
+and CC O
+the DT B-NP
+stock NN I-NP
+went VBD B-VP
+to TO B-PP
+52 CD B-NP
+, , O
+the DT B-NP
+market NN I-NP
+was VBD B-VP
+saying VBG I-VP
+Steinhardt NNP B-NP
+'s POS B-NP
+presence NN I-NP
+was VBD B-VP
+n't RB O
+worth JJ B-ADJP
+anything NN B-NP
+, , O
+in IN B-PP
+terms NNS B-NP
+of IN B-PP
+getting VBG B-VP
+a DT B-NP
+deal NN I-NP
+done VBN B-ADJP
+, , O
+'' '' O
+says VBZ B-VP
+a DT B-NP
+veteran NN I-NP
+takeover NN I-NP
+speculator NN I-NP
+. . O
+
+Traders NNS B-NP
+say VBP B-VP
+this DT B-NP
+all DT O
+goes VBZ B-VP
+to TO I-VP
+show VB I-VP
+that IN B-SBAR
+even RB B-NP
+the DT I-NP
+smartest JJS I-NP
+money NN I-NP
+manager NN I-NP
+can MD B-VP
+get VB I-VP
+infected VBN I-VP
+with IN B-PP
+crowd NN B-NP
+passions NNS I-NP
+. . O
+
+In IN B-PP
+trying VBG B-VP
+to TO I-VP
+raid VB I-VP
+USAir NNP B-NP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+abandoned VBD B-VP
+his PRP$ B-NP
+usual JJ I-NP
+role NN I-NP
+as IN B-PP
+a DT B-NP
+passive JJ I-NP
+investor NN I-NP
+, , O
+and CC O
+ran VBD B-VP
+into IN B-PP
+snags NNS B-NP
+. . O
+
+Moreover RB B-ADVP
+, , O
+unlike IN B-PP
+Mr. NNP B-NP
+Buffett NNP I-NP
+, , O
+who WP B-NP
+often RB B-ADVP
+holds VBZ B-VP
+big JJ B-NP
+stakes NNS I-NP
+in IN B-PP
+companies NNS B-NP
+for IN B-PP
+years NNS B-NP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+has VBZ B-VP
+n't RB O
+in IN B-PP
+the DT B-NP
+past RB I-NP
+done VBN B-VP
+much JJ B-NP
+long-term JJ I-NP
+investing NN I-NP
+. . O
+
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+, , O
+who WP B-NP
+runs VBZ B-VP
+about RB B-NP
+$ $ I-NP
+1.7 CD I-NP
+billion CD I-NP
+for IN B-PP
+Steinhardt NNP B-NP
+Partners NNPS I-NP
+, , O
+made VBD B-VP
+his PRP$ B-NP
+name NN I-NP
+as IN B-PP
+a DT B-NP
+gunslinging VBG I-NP
+trader NN I-NP
+, , O
+moving VBG B-VP
+in IN B-PP
+and CC B-PP
+out RP B-PP
+of IN B-PP
+stocks NNS B-NP
+with IN B-PP
+agility NN B-NP
+-- : O
+enriching VBG B-VP
+himself PRP B-NP
+and CC O
+his PRP$ B-NP
+investment NN I-NP
+clients NNS I-NP
+. . O
+
+Meanwhile RB B-ADVP
+, , O
+his PRP$ B-NP
+big JJ I-NP
+losses NNS I-NP
+, , O
+for IN B-PP
+instance NN B-NP
+in IN B-PP
+1987 CD B-NP
+'s POS B-NP
+crash NN I-NP
+, , O
+generally RB B-ADVP
+have VBP B-VP
+been VBN I-VP
+trading NN B-NP
+losses NNS I-NP
+. . O
+
+So RB O
+, , O
+some DT B-NP
+see VB B-VP
+a DT B-NP
+special JJ I-NP
+irony NN I-NP
+in IN B-PP
+the DT B-NP
+fact NN I-NP
+that IN B-SBAR
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+, , O
+the DT B-NP
+trader NN I-NP
+, , O
+now RB B-ADVP
+is VBZ B-VP
+encumbered VBN I-VP
+with IN B-PP
+a DT B-NP
+massive JJ I-NP
+, , I-NP
+illiquid JJ I-NP
+airline NN I-NP
+holding VBG I-NP
+. . O
+
+Analysts NNS B-NP
+say VBP B-VP
+USAir NNP B-NP
+stock NN I-NP
+might MD B-VP
+lose VB I-VP
+four CD B-NP
+or CC I-NP
+five CD I-NP
+points NNS I-NP
+if IN B-SBAR
+the DT B-NP
+Steinhardt NNP I-NP
+stake NN I-NP
+was VBD B-VP
+dumped VBN I-VP
+all DT B-ADVP
+at IN I-ADVP
+once RB I-ADVP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+must MD B-VP
+reconcile VB I-VP
+himself PRP B-NP
+to TO B-PP
+selling VBG B-VP
+USAir NNP B-NP
+at IN B-PP
+a DT B-NP
+loss NN I-NP
+, , B-PP
+or CC I-PP
+to TO B-PP
+holding VBG B-VP
+the DT B-NP
+shares NNS I-NP
+as IN B-PP
+an DT B-NP
+old-fashioned JJ I-NP
+investment NN I-NP
+. . O
+
+`` `` O
+Long-term JJ B-NP
+investing NN I-NP
+-- : O
+that DT B-NP
+'s VBZ B-VP
+not RB O
+Steinhardt NNP B-NP
+'s POS B-NP
+style NN I-NP
+, , O
+'' '' O
+chuckles VBZ B-VP
+an DT B-NP
+investor NN I-NP
+who WP B-NP
+once RB B-ADVP
+worked VBD B-VP
+at IN B-PP
+Steinhardt NNP B-NP
+Partners NNPS I-NP
+. . O
+
+`` `` O
+He PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+usually RB I-VP
+risk VBP I-VP
+that IN B-NP
+much JJ I-NP
+unless IN B-SBAR
+he PRP B-NP
+thinks VBZ B-VP
+he PRP B-NP
+has VBZ B-VP
+an DT B-NP
+ace NN I-NP
+in IN B-PP
+the DT B-NP
+hole NN I-NP
+, , O
+'' '' O
+adds VBZ B-VP
+another DT B-NP
+Steinhardt NNP I-NP
+Partners NNPS I-NP
+alumnus NN I-NP
+. . O
+
+In IN B-PP
+recent JJ B-NP
+days NNS I-NP
+, , O
+traders NNS B-NP
+say VBP B-VP
+USAir NNP B-NP
+has VBZ B-VP
+been VBN I-VP
+buying VBG I-VP
+its PRP$ B-NP
+own JJ I-NP
+shares NNS I-NP
+, , O
+as IN B-PP
+part NN B-NP
+of IN B-PP
+a DT B-NP
+program NN I-NP
+to TO B-VP
+retire VB I-VP
+about IN B-NP
+eight CD I-NP
+million CD I-NP
+USAir NNP I-NP
+shares NNS I-NP
+, , O
+though IN B-SBAR
+the DT B-NP
+carrier NN I-NP
+wo MD B-VP
+n't RB I-VP
+discuss VB I-VP
+its PRP$ B-NP
+buy-back NN I-NP
+program NN I-NP
+. . O
+
+If IN B-SBAR
+USAir NNP B-NP
+stepped VBD B-VP
+up IN B-PRT
+its PRP$ B-NP
+share NN I-NP
+purchases NNS I-NP
+, , O
+that WDT B-NP
+might MD B-VP
+be VB I-VP
+a DT B-NP
+way NN I-NP
+for IN B-SBAR
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+to TO B-VP
+get VB I-VP
+out IN B-ADVP
+, , O
+says VBZ B-VP
+Timothy NNP B-NP
+Pettee NNP I-NP
+, , O
+a DT B-NP
+Merrill NNP I-NP
+Lynch NNP I-NP
+analyst NN I-NP
+. . O
+
+But CC O
+USAir NNP B-NP
+might MD B-VP
+not RB I-VP
+want VB I-VP
+to TO I-VP
+help VB I-VP
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+In IN B-PP
+1987 CD B-NP
+, , O
+USAir NNP B-NP
+Chairman NNP I-NP
+Edwin NNP I-NP
+Colodny NNP I-NP
+stonewalled VBD B-VP
+when WRB B-ADVP
+Trans NNP B-NP
+World NNP I-NP
+Airlines NNP I-NP
+Chairman NNP I-NP
+Carl NNP I-NP
+Icahn NNP I-NP
+threatened VBD B-VP
+to TO I-VP
+take VB I-VP
+over IN B-PRT
+the DT B-NP
+carrier NN I-NP
+. . O
+
+Mr. NNP B-NP
+Icahn NNP I-NP
+, , O
+a DT O
+much RB B-ADVP
+more RBR I-ADVP
+practiced VBN B-NP
+raider NN I-NP
+than IN B-PP
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+, , O
+eventually RB B-ADVP
+sold VBN B-VP
+a DT B-NP
+big JJ I-NP
+USAir NNP I-NP
+stake NN I-NP
+at IN B-PP
+a DT B-NP
+tiny JJ I-NP
+profit NN I-NP
+through IN B-PP
+Bear NNP B-NP
+, , I-NP
+Stearns NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+also RB B-ADVP
+could MD B-VP
+take VB I-VP
+that DT B-NP
+route NN I-NP
+. . O
+
+He PRP B-NP
+confers VBZ B-VP
+big JJ B-NP
+trading NN I-NP
+commissions NNS I-NP
+on IN B-PP
+Wall NNP B-NP
+Street NNP I-NP
+firms NNS I-NP
+. . O
+
+However RB B-ADVP
+, , O
+with IN B-PP
+airline NN B-NP
+stocks NNS I-NP
+cratering VBG B-VP
+, , O
+he PRP B-NP
+might MD B-VP
+not RB I-VP
+get VB I-VP
+a DT B-NP
+very RB I-NP
+good JJ I-NP
+price NN I-NP
+for IN B-PP
+his PRP$ B-NP
+shares NNS I-NP
+, , O
+traders NNS B-NP
+say VBP B-VP
+. . O
+
+Especially RB B-ADJP
+galling JJ I-ADJP
+for IN B-PP
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+, , O
+say VBP B-VP
+people NNS B-NP
+close VBP B-ADJP
+to TO B-PP
+him PRP B-NP
+, , O
+is VBZ B-VP
+that IN B-SBAR
+USAir NNP B-NP
+'s POS B-NP
+Mr. NNP I-NP
+Colodny NNP I-NP
+wo MD B-VP
+n't RB I-VP
+even RB I-VP
+take VB I-VP
+his PRP$ B-NP
+telephone NN I-NP
+calls NNS I-NP
+. . O
+
+While IN B-SBAR
+USAir NNP B-NP
+is VBZ B-VP
+n't RB I-VP
+considered VBN I-VP
+absolutely RB B-ADJP
+takeover-proof JJ I-ADJP
+, , O
+its PRP$ B-NP
+defenses NNS I-NP
+, , O
+including VBG B-PP
+the DT B-NP
+sale NN I-NP
+in IN B-PP
+August NNP B-NP
+of IN B-PP
+a DT B-NP
+12 CD I-NP
+% NN I-NP
+stake NN I-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+to TO B-PP
+Mr. NNP B-NP
+Buffett NNP I-NP
+'s POS B-NP
+Berkshire NNP I-NP
+Hathaway NNP I-NP
+, , O
+are VBP B-VP
+pretty RB B-ADJP
+strong JJ I-ADJP
+. . O
+
+USAir NNP B-NP
+'s POS B-NP
+deal NN I-NP
+with IN B-PP
+Mr. NNP B-NP
+Buffett NNP I-NP
+`` `` O
+was VBD B-VP
+n't RB O
+exactly RB B-ADVP
+a DT B-NP
+shining VBG I-NP
+example NN I-NP
+of IN B-PP
+shareholder NN B-NP
+democracy NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+says VBZ B-VP
+. . O
+
+Since IN B-PP
+last JJ B-NP
+April NNP I-NP
+, , O
+the DT B-NP
+investor NN I-NP
+has VBZ B-VP
+made VBN I-VP
+seven CD B-NP
+so-called JJ I-NP
+13D CD I-NP
+filings NNS I-NP
+in IN B-PP
+USAir NNP B-NP
+, , O
+as IN B-SBAR
+he PRP B-NP
+bought VBD B-VP
+and CC I-VP
+sold VBD I-VP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+stock NN I-NP
+. . O
+
+Such JJ B-NP
+disclosures NNS I-NP
+of IN B-PP
+big JJ B-NP
+holdings NNS I-NP
+often RB B-ADVP
+are VBP B-VP
+used VBN I-VP
+by IN B-PP
+raiders NNS B-NP
+to TO B-VP
+try VB I-VP
+to TO I-VP
+scare VB I-VP
+a DT B-NP
+company NN I-NP
+'s POS B-NP
+managers NNS I-NP
+, , O
+and CC O
+to TO B-VP
+stir VB I-VP
+interest NN B-NP
+in IN B-PP
+the DT B-NP
+stock NN I-NP
+. . O
+
+But CC O
+of IN B-PP
+course NN B-NP
+it PRP B-NP
+would MD B-VP
+be VB I-VP
+highly RB B-ADJP
+unusual JJ I-ADJP
+for IN B-SBAR
+an DT B-NP
+investment NN I-NP
+fund NN I-NP
+such JJ B-PP
+as IN I-PP
+Steinhardt NNP B-NP
+Partners NNPS I-NP
+to TO B-VP
+take VB I-VP
+over IN B-PRT
+a DT B-NP
+company NN I-NP
+. . O
+
+USAir NNP B-NP
+and CC O
+Mr. NNP B-NP
+Buffett NNP I-NP
+wo MD B-VP
+n't RB I-VP
+talk VB I-VP
+about IN B-PP
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+at IN B-ADVP
+all DT I-ADVP
+. . O
+
+Analysts NNS B-NP
+say VBP B-VP
+USAir NNP B-NP
+has VBZ B-VP
+great JJ B-NP
+promise NN I-NP
+. . O
+
+By IN B-PP
+the DT B-NP
+second JJ I-NP
+half NN I-NP
+of IN B-PP
+1990 CD B-NP
+, , O
+USAir NNP B-NP
+stock NN I-NP
+could MD B-VP
+hit VB I-VP
+60 CD B-NP
+, , O
+says VBZ B-VP
+Helane NNP B-NP
+Becker NNP I-NP
+of IN B-PP
+Shearson NNP B-NP
+Lehman NNP I-NP
+Hutton NNP I-NP
+. . O
+
+She PRP B-NP
+thinks VBZ B-VP
+traders NNS B-NP
+should MD B-VP
+buy VB I-VP
+the DT B-NP
+stock NN I-NP
+if IN B-SBAR
+it PRP B-NP
+tumbles VBZ B-VP
+to TO B-PP
+35 CD B-NP
+. . O
+
+But CC O
+meanwhile RB B-ADVP
+, , O
+USAir NNP B-NP
+is VBZ B-VP
+expected VBN I-VP
+to TO I-VP
+show VB I-VP
+losses NNS B-NP
+or CC O
+lackluster JJ B-NP
+profit NN I-NP
+for IN B-PP
+several JJ B-NP
+quarters NNS I-NP
+as IN B-SBAR
+it PRP B-NP
+tries VBZ B-VP
+to TO I-VP
+digest VB I-VP
+Piedmont NNP B-NP
+Airlines NNPS I-NP
+, , O
+which WDT B-NP
+it PRP B-NP
+acquired VBD B-VP
+. . O
+
+Moreover RB B-ADVP
+, , O
+some DT B-NP
+investors NNS I-NP
+think VBP B-VP
+a DT B-NP
+recession NN I-NP
+or CC O
+renewed VBN B-NP
+airfare NN I-NP
+wars NNS I-NP
+will MD B-VP
+pummel VB I-VP
+airline NN B-NP
+stocks NNS I-NP
+in IN B-PP
+coming VBG B-NP
+months NNS I-NP
+. . O
+
+However RB B-ADVP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+'s VBZ B-VP
+`` `` O
+comfortable JJ B-ADJP
+holding NN B-VP
+USAir NNP B-NP
+as IN B-PP
+an DT B-NP
+investment NN I-NP
+. . O
+'' '' O
+
+While IN B-SBAR
+he PRP B-NP
+has VBZ B-VP
+bought VBN I-VP
+and CC I-VP
+sold VBD I-VP
+some DT B-NP
+USAir NNP I-NP
+shares NNS I-NP
+in IN B-PP
+recent JJ B-NP
+days NNS I-NP
+, , O
+he PRP B-NP
+says VBZ B-VP
+that IN B-SBAR
+contrary JJ B-ADVP
+to TO B-PP
+rumors NNS B-NP
+, , O
+he PRP B-NP
+has VBZ B-VP
+n't RB I-VP
+tried VBN I-VP
+to TO I-VP
+unload VB I-VP
+his PRP$ B-NP
+holding NN I-NP
+. . O
+
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+adds VBZ B-VP
+that IN B-SBAR
+he PRP B-NP
+bought VBD B-VP
+USAir NNP B-NP
+stock NN I-NP
+earlier RBR B-NP
+this DT I-NP
+year NN I-NP
+as IN B-PP
+`` `` O
+part NN B-NP
+of IN B-PP
+a DT B-NP
+fundamental JJ I-NP
+investment NN I-NP
+in IN B-PP
+the DT B-NP
+airline NN I-NP
+group NN I-NP
+. . O
+'' '' O
+
+In IN B-PP
+1989 CD B-NP
+, , O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+says VBZ B-VP
+he PRP B-NP
+made VBD B-VP
+money NN B-NP
+trading NN B-VP
+in IN B-PP
+Texas NNP B-NP
+Air NNP I-NP
+, , O
+AMR NNP B-NP
+and CC O
+UAL NNP B-NP
+. . O
+
+Overall RB B-ADVP
+, , O
+his PRP$ B-NP
+investments NNS I-NP
+so RB B-ADVP
+far RB I-ADVP
+this DT B-NP
+year NN I-NP
+are VBP B-VP
+showing VBG I-VP
+gains NNS B-NP
+of IN B-PP
+about IN B-NP
+20 CD I-NP
+% NN I-NP
+, , O
+he PRP B-NP
+adds VBZ B-VP
+. . O
+
+Does VBZ O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+regret VBP B-VP
+his PRP$ B-NP
+incursion NN I-NP
+into IN B-PP
+the DT B-NP
+takeover-threat NN I-NP
+game NN I-NP
+? . O
+
+People NNS B-NP
+close VBP B-ADJP
+to TO B-PP
+the DT B-NP
+investor NN I-NP
+say VBP B-VP
+that WDT B-NP
+was VBD B-VP
+an DT B-NP
+experiment NN I-NP
+he PRP B-NP
+is VBZ B-VP
+unlikely JJ B-ADJP
+to TO B-VP
+repeat VB I-VP
+. . O
+
+`` `` O
+I PRP B-NP
+do VBP B-VP
+n't RB I-VP
+think VB I-VP
+you PRP B-NP
+'ll MD B-VP
+find VB I-VP
+I PRP B-NP
+'m VBP B-VP
+making VBG I-VP
+a DT B-NP
+radical JJ I-NP
+change NN I-NP
+in IN B-PP
+my PRP$ B-NP
+traditional JJ I-NP
+investment NN I-NP
+style NN I-NP
+, , O
+'' '' O
+Mr. NNP B-NP
+Steinhardt NNP I-NP
+says VBZ B-VP
+. . O
+
+Addington NNP B-NP
+Resources NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+called VBD B-VP
+for IN B-PP
+redemption NN B-NP
+on IN B-PP
+Nov. NNP B-NP
+21 CD I-NP
+its PRP$ B-NP
+$ $ I-NP
+25.8 CD I-NP
+million CD I-NP
+outstanding JJ B-ADJP
+of IN B-PP
+8 CD B-NP
+% NN I-NP
+convertible JJ I-NP
+subordinated VBN I-NP
+debentures NNS I-NP
+due JJ B-ADJP
+2013 CD B-NP
+. . O
+
+The DT B-NP
+debentures NNS I-NP
+were VBD B-VP
+issued VBN I-VP
+in IN B-PP
+the DT B-NP
+face NN I-NP
+amount NN I-NP
+of IN B-PP
+$ $ B-NP
+46 CD I-NP
+million CD I-NP
+on IN B-PP
+July NNP B-NP
+11 CD I-NP
+, , I-NP
+1988 CD I-NP
+, , O
+the DT B-NP
+Ashland NNP I-NP
+, , I-NP
+Ky. NNP I-NP
+, , I-NP
+coal NN I-NP
+mining NN I-NP
+, , I-NP
+water NN I-NP
+transportation NN I-NP
+and CC I-NP
+construction NN I-NP
+company NN I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+company NN I-NP
+said VBD B-VP
+the DT B-NP
+redemption NN I-NP
+is VBZ B-VP
+permitted VBN I-VP
+because IN B-SBAR
+the DT B-NP
+price NN I-NP
+of IN B-PP
+Addington NNP B-NP
+'s POS B-NP
+stock NN I-NP
+has VBZ B-VP
+equaled VBN I-VP
+or CC I-VP
+exceeded VBN I-VP
+$ $ B-NP
+19.60 CD I-NP
+for IN B-PP
+20 CD B-NP
+consecutive JJ I-NP
+trading NN I-NP
+days NNS I-NP
+, , O
+a DT B-NP
+condition NN I-NP
+set VBN B-VP
+in IN B-PP
+the DT B-NP
+terms NNS I-NP
+of IN B-PP
+the DT B-NP
+debentures NNS I-NP
+. . O
+
+Debenture NN B-NP
+holders NNS I-NP
+are VBP B-VP
+expected VBN I-VP
+to TO I-VP
+convert VB I-VP
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+debentures NNS I-NP
+into IN B-PP
+common JJ B-NP
+because IN B-SBAR
+the DT B-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+stock NN I-NP
+received VBD B-VP
+in IN B-PP
+a DT B-NP
+conversion NN I-NP
+would MD B-VP
+exceed VB I-VP
+the DT B-NP
+$ $ I-NP
+1,103.11 CD I-NP
+redemption NN I-NP
+price NN I-NP
+. . O
+
+Commodore NNP B-NP
+International NNP I-NP
+Ltd. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+report VB I-VP
+a DT B-NP
+loss NN I-NP
+for IN B-PP
+the DT B-NP
+first JJ I-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+because IN B-SBAR
+sales NNS B-NP
+of IN B-PP
+personal JJ B-NP
+computers NNS I-NP
+for IN B-PP
+the DT B-NP
+home NN I-NP
+market NN I-NP
+remained VBD B-VP
+weak JJ B-ADJP
+in IN B-PP
+some DT B-NP
+major JJ I-NP
+countries NNS I-NP
+. . O
+
+That DT B-NP
+will MD B-VP
+mark VB I-VP
+the DT B-NP
+second JJ I-NP
+consecutive JJ I-NP
+quarterly JJ I-NP
+loss NN I-NP
+for IN B-PP
+Commodore NNP B-NP
+and CC O
+will MD B-VP
+raise VB I-VP
+additional JJ B-NP
+questions NNS I-NP
+about IN B-PP
+whether IN B-SBAR
+it PRP B-NP
+can MD B-VP
+sustain VB I-VP
+the DT B-NP
+turnaround NN I-NP
+it PRP B-NP
+had VBD B-VP
+seemed VBN I-VP
+to TO I-VP
+be VB I-VP
+engineering NN I-VP
+. . O
+
+Commodore NNP B-NP
+, , O
+West NNP B-NP
+Chester NNP I-NP
+, , O
+Pa. NNP B-NP
+, , O
+had VBD B-VP
+said VBD I-VP
+in IN B-PP
+August NNP B-NP
+that IN B-SBAR
+it PRP B-NP
+was VBD B-VP
+consolidating VBG I-VP
+manufacturing NN B-NP
+to TO B-VP
+cut VB I-VP
+costs NNS B-NP
+and CC O
+expected VBN B-VP
+to TO I-VP
+be VB I-VP
+profitable JJ B-ADJP
+in IN B-PP
+the DT B-NP
+fiscal JJ I-NP
+first JJ I-NP
+quarter NN I-NP
+. . O
+
+Commodore NNP B-NP
+said VBD B-VP
+that IN O
+its PRP$ B-NP
+announcement NN I-NP
+is VBZ B-VP
+based VBN I-VP
+on IN B-PP
+preliminary JJ B-NP
+information NN I-NP
+and CC O
+that IN B-SBAR
+the DT B-NP
+situation NN I-NP
+could MD B-VP
+look VB I-VP
+different JJ B-ADJP
+by IN B-PP
+the DT B-NP
+time NN I-NP
+final JJ B-NP
+results NNS I-NP
+are VBP B-VP
+announced VBN I-VP
+early JJ B-NP
+next JJ I-NP
+month NN I-NP
+. . O
+
+In IN B-PP
+fact NN B-NP
+, , O
+Commodore NNP B-NP
+'s POS B-NP
+fiscal JJ I-NP
+fourth-quarter JJ I-NP
+loss NN I-NP
+was VBD B-VP
+$ $ B-NP
+2 CD I-NP
+million CD I-NP
+narrower JJR B-ADJP
+than IN B-SBAR
+Commodore NNP B-NP
+had VBD B-VP
+expected VBN I-VP
+a DT B-NP
+few JJ I-NP
+weeks NNS I-NP
+after IN B-SBAR
+the DT B-NP
+quarter NN I-NP
+closed VBD B-VP
+. . O
+
+Still RB B-ADVP
+, , O
+even RB B-NP
+results VBZ I-NP
+approaching VBG B-VP
+break-even NN B-NP
+would MD B-VP
+mark VB I-VP
+a DT B-NP
+sharp JJ I-NP
+weakening NN I-NP
+compared VBN B-PP
+with IN B-PP
+fiscal JJ B-NP
+1989 CD I-NP
+first-quarter JJ I-NP
+earnings NNS I-NP
+of IN B-PP
+$ $ B-NP
+9.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+30 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+on IN B-PP
+sales NNS B-NP
+of IN B-PP
+$ $ B-NP
+200.2 CD I-NP
+million CD I-NP
+. . O
+
+Reflecting VBG B-VP
+concerns NNS B-NP
+about IN B-PP
+Commodore NNP B-NP
+'s POS B-NP
+outlook NN I-NP
+, , O
+its PRP$ B-NP
+stock NN I-NP
+has VBZ B-VP
+plunged VBN I-VP
+more JJR B-NP
+than IN I-NP
+50 CD I-NP
+% NN I-NP
+since IN B-PP
+May NNP B-NP
+, , O
+closing VBG B-VP
+yesterday NN B-NP
+unchanged JJ B-ADJP
+at IN B-PP
+$ $ B-NP
+8.875 CD I-NP
+a DT B-NP
+share NN I-NP
+in IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+. . O
+
+The DT B-NP
+price NN I-NP
+can MD B-VP
+be VB I-VP
+expected VBN I-VP
+to TO I-VP
+erode VB I-VP
+further RBR B-ADVP
+, , O
+because IN B-SBAR
+the DT B-NP
+loss NN I-NP
+estimate NN I-NP
+came VBD B-VP
+after IN B-SBAR
+the DT B-NP
+market NN I-NP
+closed VBD B-VP
+. . O
+
+Commodore NNP B-NP
+has VBZ B-VP
+seemed VBN I-VP
+to TO I-VP
+be VB I-VP
+setting VBG I-VP
+the DT B-NP
+stage NN I-NP
+recently RB B-ADVP
+for IN B-PP
+progress NN B-NP
+in IN B-PP
+the DT B-NP
+U.S. NNP I-NP
+, , O
+where WRB B-ADVP
+its PRP$ B-NP
+personal-computer NN I-NP
+sales NNS I-NP
+have NN B-VP
+been VBN I-VP
+so RB B-ADJP
+dismal JJ I-ADJP
+for IN B-PP
+years NNS B-NP
+that IN B-SBAR
+Commodore NNP B-NP
+is VBZ B-VP
+close RB B-ADJP
+to TO B-PP
+dropping VBG B-VP
+off IN B-PRT
+research NN B-NP
+firms NNS I-NP
+' POS B-NP
+market-share JJ I-NP
+charts NNS I-NP
+. . O
+
+Commodore NNP B-NP
+has VBZ B-VP
+assembled VBN I-VP
+an DT B-NP
+experienced VBN I-NP
+management NN I-NP
+team NN I-NP
+, , O
+it PRP B-NP
+has VBZ B-VP
+persuaded VBN I-VP
+many RB B-NP
+more JJR I-NP
+dealers NNS I-NP
+to TO B-VP
+carry VB I-VP
+its PRP$ B-NP
+products NNS I-NP
+and CC O
+it PRP B-NP
+has VBZ B-VP
+unleashed VBN I-VP
+a DT B-NP
+slick JJ I-NP
+advertising NN I-NP
+campaign NN I-NP
+. . O
+
+But CC O
+those DT B-NP
+represent VB B-VP
+long-term JJ B-NP
+strategies NNS I-NP
+that IN B-NP
+probably RB B-ADVP
+wo MD B-VP
+n't RB I-VP
+succeed VB I-VP
+quickly RB B-ADVP
+, , O
+even RB B-SBAR
+if IN I-SBAR
+they PRP B-NP
+turn VBP B-VP
+out IN I-VP
+to TO I-VP
+be VB I-VP
+the DT B-NP
+right NN I-NP
+ones NNS I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+meantime NN I-NP
+, , O
+the DT B-NP
+strategies NNS I-NP
+will MD B-VP
+increase VB I-VP
+expenses NNS B-NP
+. . O
+
+Commodore NNP B-NP
+had VBD B-VP
+been VBN I-VP
+counting VBG I-VP
+on IN B-PP
+its PRP$ B-NP
+consumer NN I-NP
+business NN I-NP
+to TO B-VP
+stay VB I-VP
+sufficiently RB B-ADJP
+healthy JJ I-ADJP
+to TO B-VP
+support VB I-VP
+its PRP$ B-NP
+efforts NNS I-NP
+in IN B-PP
+other JJ B-NP
+areas NNS I-NP
+-- : O
+mainly RB B-ADVP
+in IN B-PP
+getting VBG B-VP
+schools NNS B-NP
+and CC I-NP
+businesses NNS I-NP
+to TO B-VP
+use VB I-VP
+its PRP$ B-NP
+Amiga NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+slick JJ B-NP
+graphics NNS I-NP
+yet RB O
+has VBZ B-VP
+been VBN I-VP
+slow JJ B-ADJP
+to TO B-VP
+catch VB I-VP
+on IN B-PRT
+because IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+n't RB O
+compatible JJ B-ADJP
+with IN B-PP
+Apple NNP B-NP
+Computer NNP I-NP
+Inc. NNP I-NP
+or CC I-NP
+International NNP I-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+hardware NN I-NP
+. . O
+
+But CC O
+sales NNS B-NP
+to TO B-PP
+consumers NNS B-NP
+have VBP B-VP
+become VBN I-VP
+difficult JJ B-ADJP
+during IN B-PP
+the DT B-NP
+past JJ I-NP
+several JJ I-NP
+months NNS I-NP
+, , O
+even RB B-ADVP
+in IN B-PP
+West NNP B-NP
+Germany NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+by IN B-PP
+far RB B-ADVP
+Commodore NNP B-NP
+'s POS B-NP
+strongest JJS I-NP
+market NN I-NP
+. . O
+
+The DT B-NP
+Commodore NNP I-NP
+64 CD I-NP
+and CC I-NP
+128 CD I-NP
+, , O
+mainly RB B-VP
+used VBN I-VP
+for IN B-PP
+children NNS B-NP
+'s POS B-NP
+educational JJ I-NP
+software NN I-NP
+and CC I-NP
+games NNS I-NP
+, , O
+had VBD B-VP
+surprised VBN I-VP
+market NN B-NP
+researchers NNS I-NP
+by IN B-PP
+continuing VBG B-VP
+to TO I-VP
+produce VB I-VP
+strong JJ B-NP
+sales NNS I-NP
+even RB B-SBAR
+though IN I-SBAR
+other JJ B-NP
+low-profit JJ I-NP
+personal JJ I-NP
+computers NNS I-NP
+now RB B-ADVP
+operate VBP B-VP
+several JJ B-NP
+times NNS I-NP
+as IN B-ADVP
+fast RB I-ADVP
+and CC O
+have VBP B-VP
+much RB B-NP
+more JJR I-NP
+memory NN I-NP
+. . O
+
+Commodore NNP B-NP
+has VBZ B-VP
+said VBD I-VP
+it PRP B-NP
+expects VBZ B-VP
+sales NNS B-NP
+to TO B-VP
+rebound VB I-VP
+, , O
+but CC O
+market NN B-NP
+researchers NNS I-NP
+have VBP B-VP
+said VBD I-VP
+that IN B-SBAR
+sales NNS B-NP
+of IN B-PP
+the DT B-NP
+low-end JJ I-NP
+products NNS I-NP
+may MD B-VP
+finally RB I-VP
+be VB I-VP
+trailing VBG I-VP
+off RB B-ADVP
+. . O
+
+Stock NN B-NP
+prices NNS I-NP
+closed VBD B-VP
+slightly RB B-ADJP
+higher JJR I-ADJP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+routine JJ I-NP
+trading NN I-NP
+day NN I-NP
+since IN B-PP
+Friday NNP B-NP
+'s POS B-NP
+big JJ I-NP
+plunge NN I-NP
+. . O
+
+Some DT B-NP
+issues NNS I-NP
+were VBD B-VP
+affected VBN I-VP
+by IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+devastating JJ I-NP
+earthquake NN I-NP
+in IN B-PP
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+area NN I-NP
+. . O
+
+Activity NN B-NP
+continued VBD B-VP
+to TO I-VP
+slow VB I-VP
+from IN B-PP
+the DT B-NP
+hectic JJ I-NP
+pace NN I-NP
+set VBN B-VP
+during IN B-PP
+the DT B-NP
+market NN I-NP
+'s POS B-NP
+plunge NN I-NP
+late JJ B-NP
+Friday NNP I-NP
+and CC O
+its PRP$ B-NP
+rebound NN I-NP
+Monday NNP B-NP
+, , O
+as IN B-SBAR
+players NNS B-NP
+began VBD B-VP
+to TO I-VP
+set VB I-VP
+their PRP$ B-NP
+sights NNS I-NP
+on IN B-PP
+events NNS B-NP
+coming VBG B-VP
+later RB B-NP
+this DT I-NP
+week NN I-NP
+. . O
+
+The DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Industrial NNP I-NP
+Average NNP I-NP
+drifted VBD B-VP
+through IN B-PP
+the DT B-NP
+session NN I-NP
+within IN B-PP
+a DT B-NP
+trading NN I-NP
+range NN I-NP
+of IN B-PP
+about IN B-NP
+30 CD I-NP
+points NNS I-NP
+before IN B-PP
+closing VBG B-VP
+with IN B-PP
+a DT B-NP
+gain NN I-NP
+of IN B-PP
+4.92 CD B-NP
+at IN B-PP
+2643.65 CD B-NP
+. . O
+
+Broader JJR B-NP
+averages NNS I-NP
+also RB B-ADVP
+posted VBD B-VP
+modest JJ B-NP
+gains NNS I-NP
+. . O
+
+Standard NNP B-NP
+& CC I-NP
+Poor NNP I-NP
+'s POS B-NP
+500-Stock NNP I-NP
+Index NNP I-NP
+rose VBD B-VP
+0.60 CD B-NP
+to TO B-PP
+341.76 CD B-NP
+, , O
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Equity NNP I-NP
+Market NNP I-NP
+Index NNP I-NP
+rose VBD B-VP
+0.71 CD B-NP
+to TO B-PP
+320.54 CD B-NP
+and CC O
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+Composite NNP I-NP
+Index NNP I-NP
+gained VBD B-VP
+0.43 CD B-NP
+to TO B-PP
+189.32 CD B-NP
+. . O
+
+Some DT B-NP
+822 CD I-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+issues NNS I-NP
+advanced VBD B-VP
+in IN B-PP
+price NN B-NP
+, , O
+while IN B-SBAR
+668 CD B-NP
+declined VBD B-VP
+. . O
+
+But CC O
+the DT B-NP
+Dow NNP I-NP
+Jones NNP I-NP
+Transportation NNP I-NP
+Average NNP I-NP
+went VBD B-VP
+down RB B-ADVP
+for IN B-PP
+the DT B-NP
+seventh JJ I-NP
+consecutive JJ I-NP
+session NN I-NP
+, , O
+due JJ B-PP
+largely RB B-ADVP
+to TO B-PP
+further VB B-NP
+selling NN I-NP
+in IN B-PP
+UAL NNP B-NP
+. . O
+
+The DT B-NP
+average NN I-NP
+dropped VBD B-VP
+6.40 CD B-NP
+to TO B-PP
+1247.87 CD B-NP
+and CC O
+has VBZ B-VP
+now RB I-VP
+lost VBN I-VP
+21.7 CD B-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+value NN I-NP
+since IN B-SBAR
+the DT B-NP
+losing VBG I-NP
+streak NN I-NP
+began VBD B-VP
+Oct. NNP B-NP
+10 CD I-NP
+. . O
+
+Big NNP B-NP
+Board NNP I-NP
+volume NN I-NP
+dropped VBD B-VP
+to TO B-PP
+166,900,000 CD B-NP
+shares NNS I-NP
+, , O
+in IN B-PP
+line NN B-NP
+with IN B-PP
+the DT B-NP
+level NN I-NP
+of IN B-PP
+trading NN B-NP
+over IN B-PP
+the DT B-NP
+past JJ I-NP
+few JJ I-NP
+weeks NNS I-NP
+, , O
+from IN B-PP
+224.1 CD B-NP
+million CD I-NP
+Tuesday NNP B-NP
+. . O
+
+Traders NNS B-NP
+cited VBD B-VP
+anticipation NN B-NP
+of IN B-PP
+the DT B-NP
+consumer NN I-NP
+price NN I-NP
+report NN I-NP
+for IN B-PP
+September NNP B-NP
+, , O
+due JJ B-ADJP
+today NN B-NP
+, , O
+and CC O
+tomorrow NN B-NP
+'s POS B-NP
+expiration NN I-NP
+of IN B-PP
+October NNP B-NP
+stock-index NN I-NP
+futures NNS I-NP
+and CC I-NP
+options NNS I-NP
+as IN B-PP
+major JJ B-NP
+factors NNS I-NP
+in IN B-PP
+the DT B-NP
+slowdown NN I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+activity NN B-NP
+at IN B-PP
+a DT B-NP
+number NN I-NP
+of IN B-PP
+San NNP B-NP
+Francisco-based JJ I-NP
+brokerage NN I-NP
+houses NNS I-NP
+was VBD B-VP
+curtailed VBN I-VP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+, , O
+which WDT B-NP
+knocked VBD B-VP
+out RP B-PRT
+power NN B-NP
+lines NNS I-NP
+and CC O
+telephone NN B-NP
+service NN I-NP
+throughout IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+. . O
+
+Stocks NNS B-NP
+retreated VBD B-VP
+to TO B-PP
+session NN B-NP
+lows NNS I-NP
+just RB B-ADVP
+after IN B-PP
+the DT B-NP
+opening NN I-NP
+amid IN B-PP
+worries NNS B-NP
+about IN B-PP
+the DT B-NP
+market NN I-NP
+impact NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+, , O
+but CC O
+quickly RB B-VP
+snapped VBD I-VP
+back RB B-ADVP
+to TO B-PP
+higher JJR B-NP
+levels NNS I-NP
+with IN B-PP
+the DT B-NP
+help NN I-NP
+of IN B-PP
+futures-related JJ B-NP
+program NN I-NP
+buying VBG I-NP
+. . O
+
+The DT B-NP
+early JJ I-NP
+move NN I-NP
+essentially RB B-ADVP
+established VBD B-VP
+the DT B-NP
+day NN I-NP
+'s POS B-NP
+trading NN I-NP
+range NN I-NP
+, , O
+and CC O
+traders NNS B-NP
+said VBD B-VP
+they PRP B-NP
+saw VBD B-VP
+little JJ B-NP
+of IN B-PP
+the DT B-NP
+program NN I-NP
+activity NN I-NP
+that WDT B-NP
+has VBZ B-VP
+battered VBN I-VP
+the DT B-NP
+market NN I-NP
+recently RB B-ADVP
+. . O
+
+`` `` O
+I PRP B-NP
+did VBD B-VP
+n't RB I-VP
+expect VB I-VP
+it PRP B-NP
+to TO B-VP
+be VB I-VP
+this DT B-NP
+quiet NN I-NP
+. . O
+
+I PRP B-NP
+expected VBD B-VP
+to TO I-VP
+see VB I-VP
+more JJR B-NP
+volatility NN I-NP
+as IN B-SBAR
+some DT B-NP
+of IN B-PP
+the DT B-NP
+institutions NNS I-NP
+who WP B-NP
+were VBD B-VP
+spooked VBN I-VP
+last JJ B-NP
+Friday NNP I-NP
+did VBD B-VP
+some DT B-NP
+selling NN I-NP
+, , O
+'' '' O
+said VBD B-VP
+Raymond NNP B-NP
+F. NNP I-NP
+DeVoe NNP I-NP
+, , O
+a DT B-NP
+market NN I-NP
+strategist NN I-NP
+at IN B-PP
+Legg NNP B-NP
+Mason NNP I-NP
+Wood NNP I-NP
+Walker NNP I-NP
+, , O
+Baltimore NNP B-NP
+. . O
+
+Mr. NNP B-NP
+DeVoe NNP I-NP
+said VBD B-VP
+he PRP B-NP
+expects VBZ B-VP
+prices NNS B-NP
+to TO B-VP
+show VB I-VP
+some DT B-NP
+renewed VBN I-NP
+instability NN I-NP
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+few JJ I-NP
+sessions NNS I-NP
+as IN B-SBAR
+institutions NNS B-NP
+re-evaluate VBP B-VP
+their PRP$ B-NP
+stance NN I-NP
+toward IN B-PP
+the DT B-NP
+market NN I-NP
+in IN B-PP
+light NN B-NP
+of IN B-PP
+its PRP$ B-NP
+decline NN I-NP
+. . O
+
+`` `` O
+I PRP B-NP
+would MD B-VP
+suspect VB I-VP
+that IN B-SBAR
+a DT B-NP
+lot NN I-NP
+of IN B-PP
+investment NN B-NP
+committees NNS I-NP
+are VBP B-VP
+looking VBG I-VP
+into IN B-PP
+whether IN B-SBAR
+-LRB- ( O
+they PRP B-NP
+-RRB- ) O
+want VBP B-VP
+to TO I-VP
+be VB I-VP
+in IN B-PP
+stocks NNS B-NP
+at IN B-ADVP
+all DT I-ADVP
+, , O
+'' '' O
+he PRP B-NP
+said VBD B-VP
+. . O
+
+Insurance NN B-NP
+stocks NNS I-NP
+were VBD B-VP
+sold VBN I-VP
+at IN B-PP
+the DT B-NP
+opening NN I-NP
+amid IN B-PP
+concerns NNS B-NP
+about IN B-PP
+the DT B-NP
+level NN I-NP
+of IN B-PP
+damage NN B-NP
+claims VBZ I-NP
+the DT B-NP
+companies NNS I-NP
+would MD B-VP
+receive VB I-VP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+earthquake NN I-NP
+. . O
+
+But CC O
+those DT B-NP
+issues NNS I-NP
+recovered VBD B-VP
+quickly RB B-ADVP
+and CC O
+turned VBD B-VP
+higher JJR B-ADJP
+because IN B-PP
+of IN I-PP
+expectations NNS B-NP
+that IN B-SBAR
+the DT B-NP
+quake NN I-NP
+and CC O
+the DT B-NP
+recent JJ I-NP
+Hurricane NNP I-NP
+Hugo NNP I-NP
+would MD B-VP
+set VB I-VP
+the DT B-NP
+stage NN I-NP
+for IN B-PP
+an DT B-NP
+increase NN I-NP
+in IN B-PP
+premium NN B-NP
+rates NNS I-NP
+. . O
+
+Issues NNS B-NP
+of IN B-PP
+insurance NN B-NP
+brokers NNS I-NP
+were VBD B-VP
+especially RB B-ADJP
+strong JJ I-ADJP
+. . O
+
+Marsh NNP B-NP
+& CC I-NP
+McLennan NNP I-NP
+advanced VBD B-VP
+3 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+75 CD B-NP
+7\/8 CD I-NP
+, , O
+Alexander NNP B-NP
+& CC I-NP
+Alexander NNP I-NP
+Services NNP I-NP
+climbed VBD B-VP
+2 CD B-NP
+to TO B-PP
+32 CD B-NP
+and CC O
+Corroon NNP B-NP
+& CC I-NP
+Black NNP I-NP
+firmed VBD B-VP
+1 CD B-NP
+7\/8 CD I-NP
+to TO B-PP
+37 CD B-NP
+1\/2 CD I-NP
+. . O
+
+Elsewhere RB B-ADVP
+in IN B-PP
+the DT B-NP
+group NN I-NP
+, , O
+General NNP B-NP
+Re NNP I-NP
+rose VBD B-VP
+2 CD B-NP
+3\/4 CD I-NP
+to TO B-PP
+86 CD B-NP
+1\/2 CD I-NP
+, , O
+American NNP B-NP
+International NNP I-NP
+Group NNP I-NP
+gained VBD B-VP
+3 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+102 CD B-NP
+5\/8 CD I-NP
+, , O
+Aetna NNP B-NP
+Life NNP I-NP
+& CC I-NP
+Casualty NNP I-NP
+added VBD B-VP
+2 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+59 CD B-NP
+1\/2 CD I-NP
+and CC O
+Cigna NNP B-NP
+advanced VBD B-VP
+7\/8 CD B-NP
+to TO B-PP
+62 CD B-NP
+1\/2 CD I-NP
+. . O
+
+Loews NNP B-NP
+, , O
+the DT B-NP
+parent NN I-NP
+of IN B-PP
+CNA NNP B-NP
+Financial NNP I-NP
+, , O
+rose VBD B-VP
+1 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+123 CD B-NP
+1\/8 CD I-NP
+. . O
+
+Companies NNS B-NP
+in IN B-PP
+the DT B-NP
+construction NN I-NP
+, , I-NP
+engineering NN I-NP
+and CC I-NP
+building-products NNS I-NP
+sectors NNS I-NP
+were VBD B-VP
+among IN B-PP
+other JJ B-NP
+beneficiaries NNS I-NP
+of IN B-PP
+earthquake-related JJ B-NP
+buying NN I-NP
+. . O
+
+The DT B-NP
+heavy-construction NN I-NP
+sector NN I-NP
+was VBD B-VP
+the DT B-NP
+session NN I-NP
+'s POS B-NP
+best JJS I-NP
+performer NN I-NP
+among IN B-PP
+Dow NNP B-NP
+Jones NNP I-NP
+industry NN I-NP
+groups NNS I-NP
+; : O
+Fluor NNP B-NP
+rose VBD B-VP
+3\/4 CD B-NP
+to TO B-PP
+33 CD B-NP
+3\/8 CD I-NP
+, , O
+Morrison NNP B-NP
+Knudsen NNP I-NP
+gained VBD B-VP
+2 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+44 CD B-NP
+1\/8 CD I-NP
+, , O
+Foster NNP B-NP
+Wheeler NNP I-NP
+added VBD B-VP
+3\/8 CD B-NP
+to TO B-PP
+18 CD B-NP
+1\/4 CD I-NP
+and CC O
+Ameron NNP B-NP
+climbed VBD B-VP
+2 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+39 CD B-NP
+3\/4 CD I-NP
+. . O
+
+Among IN B-PP
+engineering NN B-NP
+firms NNS I-NP
+, , O
+CRS NNP B-NP
+Sirrine NNP I-NP
+rose VBD B-VP
+5\/8 CD B-NP
+to TO B-PP
+34 CD B-NP
+1\/4 CD I-NP
+on IN B-PP
+the DT B-NP
+Big NNP I-NP
+Board NNP I-NP
+and CC O
+four CD B-NP
+others NNS I-NP
+rallied VBD B-VP
+on IN B-PP
+the DT B-NP
+American NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+: : O
+Jacobs NNP B-NP
+Engineering NNP I-NP
+Group NNP I-NP
+, , O
+which WDT B-NP
+gained VBD B-VP
+1 CD B-NP
+1\/8 CD I-NP
+to TO B-PP
+25 CD B-NP
+3\/8 CD I-NP
+, , O
+Greiner NNP B-NP
+Engineering NNP I-NP
+, , O
+which WDT B-NP
+rose VBD B-VP
+3 CD B-NP
+1\/2 CD I-NP
+to TO B-PP
+22 CD B-NP
+1\/2 CD I-NP
+; : O
+Michael NNP B-NP
+Baker NNP I-NP
+, , O
+which WDT B-NP
+added VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+15 CD B-NP
+1\/4 CD I-NP
+, , O
+and CC O
+American NNP B-NP
+Science NNP I-NP
+& CC I-NP
+Engineering NNP I-NP
+, , O
+up IN B-ADVP
+1\/2 CD B-NP
+to TO B-PP
+8 CD B-NP
+1\/2 CD I-NP
+. . O
+
+Within IN B-PP
+the DT B-NP
+building-materials NNS I-NP
+group VBP I-NP
+, , O
+Georgia-Pacific NNP B-NP
+climbed VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+58 CD B-NP
+and CC O
+Louisiana-Pacific NNP B-NP
+added VBD B-VP
+1 CD B-NP
+to TO B-PP
+40 CD B-NP
+3\/4 CD I-NP
+after IN B-SBAR
+Merrill NNP B-NP
+Lynch NNP I-NP
+recommended VBD B-VP
+the DT B-NP
+forest-products NNS I-NP
+issues NNS I-NP
+. . O
+
+CalMat NNP B-NP
+advanced VBD B-VP
+2 CD B-NP
+3\/4 CD I-NP
+to TO B-PP
+28 CD B-NP
+3\/4 CD I-NP
+, , O
+Lone NNP B-NP
+Star NNP I-NP
+Industries NNPS I-NP
+gained VBD B-VP
+1 CD B-NP
+3\/4 CD I-NP
+to TO B-PP
+29 CD B-NP
+1\/4 CD I-NP
+, , O
+Lafarge NNP B-NP
+rose VBD B-VP
+1 CD B-NP
+to TO B-PP
+19 CD B-NP
+1\/2 CD I-NP
+, , O
+Southdown NNP B-NP
+added VBD B-VP
+5\/8 CD B-NP
+to TO B-PP
+24 CD B-NP
+5\/8 CD I-NP
+and CC O
+Eljer NNP B-NP
+Industries NNP I-NP
+rose VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+24 CD B-NP
+7\/8 CD I-NP
+. . O
+
+Pacific NNP B-NP
+Gas NNP I-NP
+& CC I-NP
+Electric NNP I-NP
+fell VBD B-VP
+3\/8 CD B-NP
+to TO B-PP
+19 CD B-NP
+5\/8 CD I-NP
+in IN B-PP
+Big NNP B-NP
+Board NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+of IN B-PP
+1.7 CD B-NP
+million CD I-NP
+shares NNS I-NP
+and CC O
+Pacific NNP B-NP
+Telesis NNP I-NP
+Group NNP I-NP
+slipped VBD B-VP
+5\/8 CD B-NP
+to TO B-PP
+44 CD B-NP
+5\/8 CD I-NP
+as IN B-SBAR
+the DT B-NP
+companies NNS I-NP
+worked VBD B-VP
+to TO I-VP
+restore VB I-VP
+service NN B-NP
+to TO B-PP
+areas NNS B-NP
+affected VBN B-VP
+by IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+Chevron NNP B-NP
+added VBD B-VP
+1 CD B-NP
+to TO B-PP
+65 CD B-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+to TO I-VP
+shut VB I-VP
+down RP B-PRT
+a DT B-NP
+crude-oil NN I-NP
+pipeline NN I-NP
+in IN B-PP
+the DT B-NP
+Bay NNP I-NP
+area NN I-NP
+to TO B-VP
+check VB I-VP
+for IN B-PP
+leaks NNS B-NP
+but CC O
+added VBD B-VP
+that IN O
+its PRP$ B-NP
+refinery NN I-NP
+in IN B-PP
+nearby JJ B-NP
+Richmond NNP I-NP
+, , I-NP
+Calif. NNP I-NP
+, , O
+was VBD B-VP
+undamaged JJ B-ADJP
+. . O
+
+Other JJ B-NP
+companies NNS I-NP
+based VBN B-VP
+in IN B-PP
+the DT B-NP
+area NN I-NP
+include VBP B-VP
+Hewlett-Packard NNP B-NP
+, , O
+which WDT B-NP
+rose VBD B-VP
+1\/4 CD B-NP
+to TO B-PP
+49 CD B-NP
+; : O
+National NNP B-NP
+Semiconductor NNP I-NP
+, , O
+which WDT B-NP
+went VBD B-VP
+up IN B-ADVP
+1\/4 CD B-NP
+to TO B-PP
+7 CD B-NP
+5\/8 CD I-NP
+, , O
+and CC O
+Genentech NNP B-NP
+, , O
+which WDT B-NP
+eased VBD B-VP
+1\/4 CD B-NP
+to TO B-PP
+19 CD B-NP
+5\/8 CD I-NP
+. . O
+
+None NN B-NP
+of IN B-PP
+the DT B-NP
+firms NNS I-NP
+reported VBD B-VP
+any DT B-NP
+major JJ I-NP
+damage NN I-NP
+to TO B-PP
+facilities NNS B-NP
+as IN B-PP
+a DT B-NP
+result NN I-NP
+of IN B-PP
+the DT B-NP
+quake NN I-NP
+. . O
+
+BankAmerica NNP B-NP
+eased VBD B-VP
+1\/2 CD B-NP
+to TO B-PP
+31 CD B-NP
+7\/8 CD I-NP
+and CC O
+Wells NNP B-NP
+Fargo NNP I-NP
+lost VBD B-VP
+1\/2 CD B-NP
+to TO B-PP
+81 CD B-NP
+1\/2 CD I-NP
+; : O
+the DT B-NP
+two CD I-NP
+bank NN I-NP
+holding VBG I-NP
+companies NNS I-NP
+, , O
+based VBN B-VP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+, , O
+were VBD B-VP
+forced VBN I-VP
+to TO I-VP
+curtail VB I-VP
+some DT B-NP
+operations NNS I-NP
+due JJ B-ADVP
+to TO B-PP
+the DT B-NP
+temblor NN I-NP
+. . O
+
+Among IN B-PP
+California NNP B-NP
+savings-and-loan JJ I-NP
+stocks NNS I-NP
+, , O
+H.F. NNP B-NP
+Ahmanson NNP I-NP
+eased VBD B-VP
+3\/8 CD B-NP
+to TO B-PP
+22 CD B-NP
+1\/4 CD I-NP
+, , O
+CalFed NNP B-NP
+slid VBD B-VP
+3\/4 CD B-NP
+to TO B-PP
+24 CD B-NP
+1\/8 CD I-NP
+, , O
+Great NNP B-NP
+Western NNP I-NP
+Financial NNP I-NP
+dropped VBD B-VP
+1\/2 CD B-NP
+to TO B-PP
+21 CD B-NP
+1\/4 CD I-NP
+and CC O
+Golden NNP B-NP
+West NNP I-NP
+Financial NNP I-NP
+fell VBD B-VP
+5\/8 CD B-NP
+to TO B-PP
+29 CD B-NP
+1\/4 CD I-NP
+. . O
+
+UAL NNP B-NP
+, , O
+the DT B-NP
+parent NN I-NP
+company NN I-NP
+of IN B-PP
+United NNP B-NP
+Airlines NNPS I-NP
+, , O
+swung VBD B-VP
+within IN B-PP
+a DT B-NP
+14-point JJ I-NP
+range NN I-NP
+during IN B-PP
+the DT B-NP
+course NN I-NP
+of IN B-PP
+the DT B-NP
+session NN I-NP
+before IN B-PP
+closing VBG B-VP
+at IN B-PP
+191 CD B-NP
+3\/4 CD I-NP
+, , O
+down RB B-ADVP
+6 CD B-NP
+1\/4 CD I-NP
+, , O
+on IN B-PP
+2.3 CD B-NP
+million CD I-NP
+shares NNS I-NP
+. . O
+
+British JJ B-NP
+Airways NNPS I-NP
+, , O
+a DT B-NP
+member NN I-NP
+of IN B-PP
+the DT B-NP
+group NN I-NP
+that WDT B-NP
+had VBD B-VP
+offered VBN I-VP
+$ $ B-NP
+300 CD I-NP
+a DT B-NP
+share NN I-NP
+for IN B-PP
+UAL NNP B-NP
+in IN B-PP
+a DT B-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+yet RB I-VP
+to TO I-VP
+receive VB I-VP
+a DT B-NP
+revised VBN I-NP
+proposal NN I-NP
+and CC O
+it PRP B-NP
+was VBD B-VP
+`` `` O
+in IN B-PP
+no DT B-NP
+way NN I-NP
+committed VBN B-VP
+'' '' O
+to TO B-PP
+the DT B-NP
+completion NN I-NP
+of IN B-PP
+a DT B-NP
+bid NN I-NP
+. . O
+
+Separately RB B-ADVP
+, , O
+investor NN B-NP
+Marvin NNP I-NP
+Davis NNP I-NP
+withdrew VBD B-VP
+his PRP$ B-NP
+backup NN I-NP
+$ $ I-NP
+300-a-share JJ I-NP
+takeover NN I-NP
+offer NN I-NP
+. . O
+
+While IN B-SBAR
+UAL NNP B-NP
+faltered VBD B-VP
+, , O
+AMR NNP B-NP
+, , O
+the DT B-NP
+parent NN I-NP
+of IN B-PP
+American NNP B-NP
+Airlines NNPS I-NP
+, , O
+pulled VBD B-VP
+out IN B-PP
+of IN B-PP
+its PRP$ B-NP
+recent JJ I-NP
+nosedive NN I-NP
+by IN B-PP
+rising VBG B-VP
+3\/4 CD B-NP
+to TO B-PP
+74 CD B-NP
+. . O
+
+The DT B-NP
+stock NN I-NP
+had VBD B-VP
+been VBN I-VP
+on IN B-PP
+the DT B-NP
+decline NN I-NP
+since IN B-SBAR
+the DT B-NP
+financing NN I-NP
+for IN B-PP
+the DT B-NP
+UAL NNP I-NP
+buy-out NN I-NP
+fell VBD B-VP
+through IN B-ADVP
+on IN B-PP
+Friday NNP B-NP
+and CC O
+developer NN B-NP
+Donald NNP I-NP
+Trump NNP I-NP
+subsequently RB B-ADVP
+withdrew VBD B-VP
+a DT B-NP
+takeover NN I-NP
+offer NN I-NP
+of IN B-PP
+$ $ B-NP
+120 CD I-NP
+a DT B-NP
+share NN I-NP
+for IN B-PP
+AMR NNP B-NP
+. . O
+
+Also RB B-ADVP
+, , O
+AMR NNP B-NP
+was VBD B-VP
+the DT B-NP
+most RBS I-NP
+active JJ I-NP
+Big NNP I-NP
+Board NNP I-NP
+issue NN I-NP
+; : O
+2.8 CD B-NP
+million CD I-NP
+shares NNS I-NP
+changed VBD B-VP
+hands NNS B-NP
+. . O
+
+GTE NNP B-NP
+added VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+65 CD B-NP
+3\/8 CD I-NP
+. . O
+
+PaineWebber NNP B-NP
+repeated VBD B-VP
+a DT B-NP
+buy NN I-NP
+recommendation NN I-NP
+on IN B-PP
+the DT B-NP
+stock NN I-NP
+and CC O
+raised VBN B-VP
+its PRP$ B-NP
+1990 CD I-NP
+earnings NNS I-NP
+estimate NN I-NP
+by IN B-PP
+35 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+to TO B-PP
+$ $ B-NP
+5.10 CD I-NP
+. . O
+
+Colgate-Palmolive NNP B-NP
+advanced VBD B-VP
+1 CD B-NP
+5\/8 CD I-NP
+to TO B-PP
+63 CD B-NP
+after IN B-PP
+saying VBG B-VP
+it PRP B-NP
+was VBD B-VP
+comfortable JJ B-ADJP
+with IN B-PP
+analysts NNS B-NP
+' POS B-NP
+projections NNS I-NP
+that IN B-SBAR
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+from IN B-PP
+continuing VBG B-NP
+operations NNS I-NP
+would MD B-VP
+be VB I-VP
+between IN B-PP
+95 CD B-NP
+cents NNS I-NP
+and CC O
+$ $ B-NP
+1.05 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+up IN B-ADVP
+from IN B-PP
+69 CD B-NP
+cents NNS I-NP
+a DT B-NP
+year NN I-NP
+ago RB B-ADVP
+. . O
+
+Springs NNP B-NP
+Industries NNPS I-NP
+dropped VBD B-VP
+1 CD B-NP
+3\/8 CD I-NP
+to TO B-PP
+36 CD B-NP
+. . O
+
+Analysts NNS B-NP
+at IN B-PP
+several JJ B-NP
+brokerage NN I-NP
+firms NNS I-NP
+lowered VBD B-VP
+their PRP$ B-NP
+1989 CD I-NP
+and CC I-NP
+1990 CD I-NP
+earnings NNS I-NP
+estimates NNS I-NP
+on IN B-PP
+the DT B-NP
+company NN I-NP
+after IN B-SBAR
+its PRP$ B-NP
+third-quarter JJ I-NP
+results NNS I-NP
+proved VBD B-VP
+disappointing JJ B-ADJP
+. . O
+
+Trinova NNP B-NP
+third-quarter JJ I-NP
+loss NN I-NP
+after IN B-PP
+a DT B-NP
+charge NN I-NP
+for IN B-PP
+a DT B-NP
+planned VBN I-NP
+restructuring NN I-NP
+, , O
+which WDT B-NP
+will MD B-VP
+include VB I-VP
+the DT B-NP
+closing VBG I-NP
+or CC I-NP
+downsizing VBG I-NP
+of IN B-PP
+about IN B-NP
+25 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+plants NNS I-NP
+and CC O
+a DT B-NP
+work NN I-NP
+force NN I-NP
+cut NN I-NP
+of IN B-PP
+about IN B-NP
+1,500 CD I-NP
+over IN B-PP
+three CD B-NP
+years NNS I-NP
+. . O
+
+The DT B-NP
+Amex NNP I-NP
+Market NNP I-NP
+Value NNP I-NP
+Index NNP I-NP
+snapped VBD B-VP
+a DT B-NP
+five-session JJ I-NP
+losing NN I-NP
+streak NN I-NP
+by IN B-PP
+rising VBG B-VP
+2.91 CD B-NP
+to TO B-PP
+378.07 CD B-NP
+. . O
+
+Volume NN B-NP
+totaled VBD B-VP
+12,500,000 CD B-NP
+shares NNS I-NP
+. . O
+
+Carnival NNP B-NP
+Cruise NNP I-NP
+Lines NNP I-NP
+Class NNP I-NP
+A DT I-NP
+rose VBD B-VP
+1 CD B-NP
+1\/4 CD I-NP
+to TO B-PP
+22 CD B-NP
+3\/8 CD I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+, , O
+citing VBG B-VP
+market NN B-NP
+conditions NNS I-NP
+, , O
+postponed VBD B-VP
+a DT B-NP
+$ $ I-NP
+200 CD I-NP
+million CD I-NP
+debt NN I-NP
+offer NN I-NP
+. . O
+
+Philip NNP B-NP
+Morris NNP I-NP
+Cos. NNP I-NP
+posted VBD B-VP
+a DT B-NP
+20 CD I-NP
+% NN I-NP
+jump NN I-NP
+in IN B-PP
+third-quarter JJ B-NP
+profit NN I-NP
+on IN B-PP
+a DT B-NP
+45 CD I-NP
+% NN I-NP
+revenue NN I-NP
+increase NN I-NP
+, , O
+reflecting VBG B-VP
+strength NN B-NP
+in IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+cigarette NN I-NP
+, , I-NP
+food NN I-NP
+and CC I-NP
+brewing NN I-NP
+businesses NNS I-NP
+. . O
+
+Net JJ B-NP
+income NN I-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+748 CD I-NP
+million CD I-NP
+, , O
+or CC O
+81 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+$ $ I-NP
+621 CD I-NP
+million CD I-NP
+, , O
+or CC O
+67 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Per-share JJ B-NP
+figures NNS I-NP
+have VBP B-VP
+been VBN I-VP
+adjusted VBN I-VP
+for IN B-PP
+a DT B-NP
+4-for-1 JJ I-NP
+stock NN I-NP
+split NN I-NP
+paid VBN B-VP
+earlier RBR B-NP
+this DT I-NP
+month NN I-NP
+. . O
+
+The DT B-NP
+New NNP I-NP
+York-based JJ I-NP
+tobacco NN I-NP
+, , I-NP
+food NN I-NP
+and CC I-NP
+beer NN I-NP
+concern NN I-NP
+said VBD B-VP
+revenue NN B-NP
+increased VBN B-VP
+to TO B-PP
+$ $ B-NP
+11.25 CD I-NP
+billion CD I-NP
+from IN B-PP
+$ $ B-NP
+7.74 CD I-NP
+billion CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+trading NN I-NP
+on IN B-PP
+the DT B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+, , O
+Philip NNP B-NP
+Morris NNP I-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+43.375 CD I-NP
+, , O
+up IN B-ADVP
+12.5 CD B-NP
+cents NNS I-NP
+. . O
+
+Philip NNP B-NP
+Morris NNP I-NP
+disclosed VBD B-VP
+little RB B-NP
+detailed VBN I-NP
+information NN I-NP
+about IN B-PP
+performance NN B-NP
+by IN B-PP
+major JJ B-NP
+business NN I-NP
+lines NNS I-NP
+except VB O
+to TO B-VP
+say VB I-VP
+that IN B-SBAR
+most RBS B-NP
+, , O
+including VBG B-PP
+Philip NNP B-NP
+Morris NNP I-NP
+U.S.A. NNP I-NP
+, , O
+Kraft NNP B-NP
+General NNP I-NP
+Foods NNPS I-NP
+and CC O
+Miller NNP B-NP
+Brewing NNP I-NP
+Co. NNP I-NP
+, , O
+posted VBD B-VP
+increased VBN B-NP
+revenues NNS I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+net JJ B-NP
+increased VBN B-VP
+4.4 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+2.08 CD I-NP
+billion CD I-NP
+, , O
+or CC O
+$ $ B-NP
+2.25 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+2 CD I-NP
+billion CD I-NP
+, , O
+which WDT B-NP
+included VBD B-VP
+$ $ B-NP
+273 CD I-NP
+million CD I-NP
+reflecting VBG B-VP
+the DT B-NP
+effect NN I-NP
+of IN B-PP
+an DT B-NP
+accounting NN I-NP
+change NN I-NP
+. . O
+
+Granges NNP B-NP
+Inc. NNP I-NP
+, , O
+citing VBG B-VP
+depressed JJ B-NP
+gold NN I-NP
+prices NNS I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+plans VBZ B-VP
+to TO I-VP
+suspend VB I-VP
+operations NNS B-NP
+for IN B-PP
+an DT B-NP
+indefinite JJ I-NP
+period NN I-NP
+at IN B-PP
+its PRP$ B-NP
+Tartan NNP I-NP
+gold NN I-NP
+mine NN I-NP
+in IN B-PP
+Manitoba NNP B-NP
+. . O
+
+Granges NNP B-NP
+said VBD B-VP
+in IN B-PP
+Vancouver NNP B-NP
+, , O
+British NNP B-NP
+Columbia NNP I-NP
+, , O
+that IN B-SBAR
+the DT B-NP
+production NN I-NP
+halt NN I-NP
+will MD B-VP
+be VB I-VP
+phased VBN I-VP
+in IN B-ADVP
+over IN B-PP
+a DT B-NP
+10-week JJ I-NP
+period NN I-NP
+. . O
+
+Tartan NNP B-NP
+currently RB B-ADVP
+produces VBZ B-VP
+gold NN B-NP
+at IN B-PP
+a DT B-NP
+cash NN I-NP
+operating VBG I-NP
+cost NN I-NP
+of IN B-PP
+$ $ B-NP
+393 CD I-NP
+an DT B-NP
+ounce NN I-NP
+, , O
+which WDT B-NP
+is VBZ B-VP
+high JJ B-ADJP
+by IN B-PP
+industry NN B-NP
+standards NNS I-NP
+and CC O
+$ $ B-NP
+25 CD I-NP
+or CC I-NP
+so RB I-NP
+above IN B-PP
+the DT B-NP
+current JJ I-NP
+spot NN I-NP
+price NN I-NP
+. . O
+
+Granges NNP B-NP
+said VBD B-VP
+it PRP B-NP
+also RB B-ADVP
+plans VBZ B-VP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+to TO B-VP
+write VB I-VP
+down RP B-PRT
+the DT B-NP
+carrying VBG I-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+Tartan NNP I-NP
+mine NN I-NP
+by IN B-PP
+2.5 CD B-NP
+million CD I-NP
+Canadian JJ I-NP
+dollars NNS I-NP
+-LRB- ( O
+US$ $ B-NP
+2.12 CD I-NP
+million CD I-NP
+-RRB- ) O
+, , O
+and CC O
+to TO B-VP
+write VB I-VP
+off IN B-PRT
+most RBS B-NP
+of IN B-PP
+the DT B-NP
+C$ $ I-NP
+6.3 CD I-NP
+million CD I-NP
+carrying VBG I-NP
+value NN I-NP
+of IN B-PP
+its PRP$ B-NP
+Windflower NNP I-NP
+gold NN I-NP
+property NN I-NP
+in IN B-PP
+British NNP B-NP
+Columbia NNP I-NP
+. . O
+
+Granges NNP B-NP
+did VBD B-VP
+n't RB I-VP
+say VB I-VP
+what WP B-NP
+impact NN I-NP
+the DT B-NP
+moves NNS I-NP
+would MD B-VP
+have VB I-VP
+on IN B-PP
+total JJ B-NP
+gold NN I-NP
+output NN I-NP
+or CC O
+earnings NNS B-NP
+, , O
+and CC O
+company NN B-NP
+officials NNS I-NP
+were VBD B-VP
+n't RB O
+available JJ B-ADJP
+. . O
+
+Computer NNP B-NP
+Associates NNP I-NP
+International NNP I-NP
+Inc. NNP I-NP
+, , O
+Garden NNP B-NP
+City NNP I-NP
+, , O
+N.Y. NNP B-NP
+, , O
+and CC O
+Digital NNP B-NP
+Equipment NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+they PRP B-NP
+agreed VBD B-VP
+to TO I-VP
+jointly RB I-VP
+develop VB I-VP
+software NN B-NP
+to TO B-VP
+help VB I-VP
+manage VB I-VP
+Digital NNP B-NP
+'s POS B-NP
+Vax NNP I-NP
+computers NNS I-NP
+. . O
+
+Computer NNP B-NP
+Associates NNPS I-NP
+has VBZ B-VP
+carved VBN I-VP
+out RP B-PRT
+a DT B-NP
+huge JJ I-NP
+business NN I-NP
+selling VBG B-VP
+such JJ B-NP
+software NN I-NP
+for IN B-PP
+use NN B-NP
+in IN B-PP
+managing VBG B-NP
+networks NNS I-NP
+of IN B-PP
+International NNP B-NP
+Business NNP I-NP
+Machines NNP I-NP
+Corp. NNP I-NP
+computers NNS I-NP
+but CC O
+needs VBZ B-VP
+to TO I-VP
+find VB I-VP
+new JJ B-NP
+markets NNS I-NP
+if IN B-SBAR
+it PRP B-NP
+is VBZ B-VP
+to TO I-VP
+maintain VB I-VP
+its PRP$ B-NP
+growth NN I-NP
+rate NN I-NP
+of IN B-PP
+30 CD B-NP
+% NN I-NP
+and CC I-NP
+more JJR I-NP
+each DT B-NP
+year NN I-NP
+. . O
+
+The DT B-NP
+market NN I-NP
+for IN B-PP
+system-management NN B-NP
+software NN I-NP
+for IN B-PP
+Digital NNP B-NP
+'s POS B-NP
+hardware NN I-NP
+is VBZ B-VP
+fragmented JJ I-VP
+enough RB B-ADVP
+that IN B-SBAR
+a DT B-NP
+giant NN I-NP
+such JJ B-PP
+as IN I-PP
+Computer NNP B-NP
+Associates NNPS I-NP
+should MD B-VP
+do VB I-VP
+well RB B-ADVP
+there RB B-ADVP
+. . O
+
+At IN B-PP
+the DT B-NP
+same JJ I-NP
+time NN I-NP
+, , O
+the DT B-NP
+market NN I-NP
+is VBZ B-VP
+smaller JJR B-ADJP
+than IN B-PP
+the DT B-NP
+market NN I-NP
+for IN B-PP
+IBM-compatible JJ B-NP
+software NN I-NP
+. . O
+
+For IN B-PP
+one CD B-NP
+thing NN I-NP
+, , O
+Digital NNP B-NP
+, , O
+Maynard NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+has VBZ B-VP
+sold VBN I-VP
+fewer JJR B-NP
+machines NNS I-NP
+. . O
+
+In IN B-PP
+addition NN B-NP
+, , O
+its PRP$ B-NP
+machines NNS I-NP
+are VBP B-VP
+typically RB B-ADVP
+easier JJR B-ADJP
+to TO B-VP
+operate VB I-VP
+, , O
+so RB O
+customers NNS B-NP
+require VBP B-VP
+less JJR B-NP
+assistance NN I-NP
+from IN B-PP
+software NN B-NP
+. . O
+
+Wang NNP B-NP
+Laboratories NNP I-NP
+Inc. NNP I-NP
+, , O
+Lowell NNP B-NP
+, , O
+Mass. NNP B-NP
+, , O
+beset VBN B-VP
+by IN B-PP
+declining VBG B-NP
+demand NN I-NP
+for IN B-PP
+its PRP$ B-NP
+computers NNS I-NP
+, , O
+reported VBD B-VP
+a DT B-NP
+$ $ I-NP
+62.1 CD I-NP
+million CD I-NP
+, , I-NP
+38-cents-a-share JJ I-NP
+loss NN I-NP
+in IN B-PP
+its PRP$ B-NP
+first JJ I-NP
+quarter NN I-NP
+ended VBN B-VP
+Sept. NNP B-NP
+30 CD I-NP
+. . O
+
+Revenue NN B-NP
+fell VBD B-VP
+12.7 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+596.8 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+684 CD I-NP
+million CD I-NP
+, , O
+although IN B-SBAR
+some DT B-NP
+of IN B-PP
+the DT B-NP
+decline NN I-NP
+was VBD B-VP
+caused VBN I-VP
+by IN B-PP
+discontinued JJ B-NP
+operations NNS I-NP
+. . O
+
+Wang NNP B-NP
+had VBD B-VP
+previously RB I-VP
+forecast VBP I-VP
+a DT B-NP
+loss NN I-NP
+. . O
+
+The DT B-NP
+company NN I-NP
+reiterated VBD B-VP
+that IN B-SBAR
+it PRP B-NP
+expects VBZ B-VP
+another DT B-NP
+loss NN I-NP
+in IN B-PP
+the DT B-NP
+second JJ I-NP
+quarter NN I-NP
+and CC B-PP
+for IN B-PP
+the DT B-NP
+full JJ I-NP
+year NN I-NP
+, , O
+although IN B-SBAR
+it PRP B-NP
+expects VBZ B-VP
+a DT B-NP
+profitable JJ I-NP
+fourth JJ I-NP
+quarter NN I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+Wang NNP B-NP
+had VBD B-VP
+earnings NNS B-NP
+of IN B-PP
+$ $ B-NP
+13.1 CD I-NP
+million CD I-NP
+, , O
+or CC O
+eight CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+its PRP$ B-NP
+first JJ I-NP
+quarter NN I-NP
+, , O
+including VBG B-PP
+a DT B-NP
+$ $ I-NP
+3.1 CD I-NP
+million CD I-NP
+loss NN I-NP
+from IN B-PP
+discontinued VBN B-NP
+operations NNS I-NP
+. . O
+
+The DT B-NP
+latest JJS I-NP
+period NN I-NP
+loss NN I-NP
+included VBD B-VP
+a DT B-NP
+$ $ I-NP
+12.9 CD I-NP
+pretax JJ I-NP
+charge NN I-NP
+for IN B-PP
+severance NN B-NP
+payments NNS I-NP
+. . O
+
+Dayton NNP B-NP
+Hudson NNP I-NP
+Corp. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+accepted VBD B-VP
+for IN B-PP
+purchase NN B-NP
+seven CD B-NP
+million CD I-NP
+common JJ I-NP
+shares NNS I-NP
+at IN B-PP
+$ $ B-NP
+62.875 CD I-NP
+each DT B-NP
+, , O
+under IN B-PP
+the DT B-NP
+terms NNS I-NP
+of IN B-PP
+a DT B-NP
+Dutch JJ I-NP
+auction NN I-NP
+self-tender JJ I-NP
+offer NN I-NP
+. . O
+
+The DT B-NP
+offer NN I-NP
+expired VBD B-VP
+at IN B-PP
+12:01 CD B-NP
+a.m. NN I-NP
+yesterday NN B-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+Dutch JJ I-NP
+auction NN I-NP
+, , O
+the DT B-NP
+buyer NN I-NP
+sets VBZ B-VP
+a DT B-NP
+price NN I-NP
+range NN I-NP
+and CC O
+holders NNS B-NP
+give VBP B-VP
+a DT B-NP
+price NN I-NP
+in IN B-PP
+that DT B-NP
+range NN I-NP
+at IN B-PP
+which WDT B-NP
+they PRP B-NP
+'re VBP B-VP
+willing JJ B-ADJP
+to TO B-VP
+sell VB I-VP
+their PRP$ B-NP
+shares NNS I-NP
+. . O
+
+The DT B-NP
+buyer NN I-NP
+then RB B-ADVP
+picks VBZ B-VP
+a DT B-NP
+price NN I-NP
+and CC O
+buys VBZ B-VP
+shares NNS B-NP
+at IN B-PP
+that DT B-NP
+price NN I-NP
+from IN B-PP
+holders NNS B-NP
+who WP B-NP
+offered VBD B-VP
+to TO I-VP
+sell VB I-VP
+at IN B-PP
+that DT B-NP
+price NN I-NP
+or CC O
+lower JJR B-ADVP
+. . O
+
+Dayton NNP B-NP
+Hudson NNP I-NP
+'s POS B-NP
+repurchase NN I-NP
+offer NN I-NP
+, , O
+representing VBG B-VP
+about IN B-NP
+9 CD I-NP
+% NN I-NP
+of IN B-PP
+its PRP$ B-NP
+common JJ I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+, , O
+had VBD B-VP
+established VBN I-VP
+a DT B-NP
+range NN I-NP
+of IN B-PP
+between IN B-NP
+$ $ I-NP
+60 CD I-NP
+and CC I-NP
+$ $ I-NP
+65 CD I-NP
+for IN B-PP
+the DT B-NP
+buy-back NN I-NP
+. . O
+
+Dayton NNP B-NP
+Hudson NNP I-NP
+said VBD B-VP
+it PRP B-NP
+accepted VBD B-VP
+all DT B-NP
+odd-lot JJ I-NP
+shares NNS I-NP
+tendered VBN B-VP
+at IN B-PP
+or CC I-PP
+below IN I-PP
+the DT B-NP
+final JJ I-NP
+$ $ I-NP
+62.875 CD I-NP
+price NN I-NP
+; : O
+the DT B-NP
+preliminary JJ I-NP
+proration NN I-NP
+factor NN I-NP
+for IN B-PP
+other JJ B-NP
+shares NNS I-NP
+tendered VBN B-VP
+at IN B-PP
+or CC I-PP
+below IN I-PP
+the DT B-NP
+final JJ I-NP
+price NN I-NP
+is VBZ B-VP
+98 CD B-NP
+% NN I-NP
+. . O
+
+The DT B-NP
+Minneapolis-based JJ I-NP
+retailer NN I-NP
+said VBD B-VP
+it PRP B-NP
+expects VBZ B-VP
+to TO I-VP
+pay VB I-VP
+for IN B-PP
+the DT B-NP
+seven CD I-NP
+million CD I-NP
+shares NNS I-NP
+next JJ B-NP
+Thursday NNP I-NP
+. . O
+
+Tendered JJ B-NP
+shares NNS I-NP
+not RB B-VP
+purchased VBN I-VP
+will MD B-VP
+be VB I-VP
+returned VBN I-VP
+to TO B-PP
+holders NNS B-NP
+. . O
+
+In IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+, , O
+Dayton NNP B-NP
+rose VBD B-VP
+$ $ B-NP
+1 CD I-NP
+to TO B-PP
+$ $ B-NP
+61.125 CD I-NP
+. . O
+
+Continental NNP B-NP
+Bank NNP I-NP
+Corp. NNP I-NP
+'s POS B-NP
+third-quarter JJ I-NP
+net JJ I-NP
+income NN I-NP
+slipped VBD B-VP
+11 CD B-NP
+% NN I-NP
+despite IN B-PP
+a DT B-NP
+big JJ I-NP
+gain NN I-NP
+from IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+London NNP I-NP
+headquarters NN I-NP
+building NN I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+55 NN I-NP
+million CD I-NP
+gain NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+was VBD B-VP
+offset VBN I-VP
+by IN B-PP
+lower JJR B-NP
+interest NN I-NP
+income NN I-NP
+, , O
+poorer JJR B-NP
+results NNS I-NP
+from IN B-PP
+foreign-exchange JJ B-NP
+trading NN I-NP
+and CC O
+a DT B-NP
+$ $ I-NP
+9 CD I-NP
+million CD I-NP
+loss NN I-NP
+on IN B-PP
+the DT B-NP
+sale NN I-NP
+of IN B-PP
+a DT B-NP
+unit NN I-NP
+, , O
+Securities NNP B-NP
+Settlement NNP I-NP
+Corp NNP I-NP
+. . O
+
+Chicago-based JJ B-NP
+Continental NNP I-NP
+earned VBD B-VP
+$ $ B-NP
+65.2 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.04 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+$ $ B-NP
+73.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.19 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+The DT B-NP
+1988 CD I-NP
+quarter NN I-NP
+also RB B-ADVP
+included VBD B-VP
+one-time JJ B-NP
+gains NNS I-NP
+totaling VBG B-VP
+about RB B-NP
+$ $ I-NP
+35 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+bank NN I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+loss NN B-NP
+reserves NNS I-NP
+equal JJ B-ADJP
+to TO B-PP
+about IN B-NP
+half VB I-NP
+its PRP$ I-NP
+long-term JJ I-NP
+and CC I-NP
+medium-term JJ I-NP
+loans NNS I-NP
+to TO B-PP
+less-developed JJ B-NP
+nations NNS I-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+does VBZ B-VP
+n't RB I-VP
+think VB I-VP
+additional JJ B-NP
+reserves NNS I-NP
+are VBP B-VP
+required VBN I-VP
+. . O
+
+Enron NNP B-NP
+Corp. NNP I-NP
+said VBD B-VP
+a DT B-NP
+subsidiary NN I-NP
+and CC O
+two CD B-NP
+United NNP I-NP
+Kingdom NNP I-NP
+firms NNS I-NP
+are VBP B-VP
+studying VBG I-VP
+the DT B-NP
+feasibility NN I-NP
+of IN B-PP
+constructing VBG B-VP
+a DT B-NP
+1,500 CD I-NP
+megawatt NN I-NP
+gas-fired JJ I-NP
+power NN I-NP
+plant NN I-NP
+in IN B-PP
+northern JJ B-NP
+England NNP I-NP
+as IN B-PP
+an DT B-NP
+outgrowth NN I-NP
+of IN B-PP
+the DT B-NP
+government NN I-NP
+'s POS B-NP
+privatization NN I-NP
+program NN I-NP
+. . O
+
+Enron NNP B-NP
+Power NNP I-NP
+Corp. NNP I-NP
+, , O
+a DT B-NP
+unit NN I-NP
+of IN B-PP
+the DT B-NP
+Houston NNP I-NP
+natural JJ I-NP
+gas NN I-NP
+pipeline NN I-NP
+company NN I-NP
+, , O
+would MD B-VP
+design VB I-VP
+, , I-VP
+construct VB I-VP
+and CC I-VP
+run VB I-VP
+the DT B-NP
+plant NN I-NP
+. . O
+
+Gas NNP B-NP
+to TO B-VP
+fuel VB I-VP
+it PRP B-NP
+would MD B-VP
+be VB I-VP
+piped VBN I-VP
+from IN B-PP
+the DT B-NP
+North NNP I-NP
+Sea NNP I-NP
+. . O
+
+A DT B-NP
+subsidiary NN I-NP
+of IN B-PP
+Britain NNP B-NP
+'s POS B-NP
+Imperial NNP I-NP
+Chemical NNP I-NP
+Industries NNPS I-NP
+would MD B-VP
+buy VB I-VP
+electricity NN B-NP
+and CC I-NP
+steam NN I-NP
+from IN B-PP
+the DT B-NP
+proposed VBN I-NP
+station NN I-NP
+. . O
+
+Surplus JJ B-NP
+power NN I-NP
+would MD B-VP
+be VB I-VP
+sold VBN I-VP
+on IN B-PP
+the DT B-NP
+open JJ I-NP
+market NN I-NP
+, , O
+Enron NNP B-NP
+said VBD B-VP
+. . O
+
+Also RB B-ADVP
+participating VBG B-VP
+in IN B-PP
+the DT B-NP
+study NN I-NP
+, , O
+Enron NNP B-NP
+said VBD B-VP
+, , O
+is VBZ B-VP
+the DT B-NP
+National NNP I-NP
+Power NNP I-NP
+division NN I-NP
+of IN B-PP
+Britain NNP B-NP
+'s POS B-NP
+Central NNP I-NP
+Electricity NNP I-NP
+Generating NNP I-NP
+Board NNP I-NP
+. . O
+
+Upon IN B-PP
+privatization NN B-NP
+, , O
+National NNP B-NP
+Power NNP I-NP
+will MD B-VP
+be VB I-VP
+responsible JJ B-ADJP
+for IN B-PP
+70 CD B-NP
+% NN I-NP
+of IN B-PP
+the DT B-NP
+country NN I-NP
+'s POS B-NP
+power NN I-NP
+generating VBG I-NP
+business NN I-NP
+. . O
+
+Viacom NNP B-NP
+Inc. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+reported VBD B-VP
+that IN B-SBAR
+its PRP$ B-NP
+third-quarter JJ I-NP
+loss NN I-NP
+widened VBD B-VP
+to TO B-PP
+$ $ B-NP
+21.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+41 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+primarily RB B-ADVP
+because IN B-PP
+of IN I-PP
+interest NN B-NP
+expense NN I-NP
+of IN B-PP
+$ $ B-NP
+70.1 CD I-NP
+million CD I-NP
+. . O
+
+A DT B-NP
+year NN I-NP
+ago RB B-ADVP
+, , O
+Viacom NNP B-NP
+had VBD B-VP
+a DT B-NP
+net JJ I-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+56.9 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.07 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Interest NN B-NP
+expense NN I-NP
+in IN B-PP
+the DT B-NP
+1988 CD I-NP
+third JJ I-NP
+quarter NN I-NP
+was VBD B-VP
+$ $ B-NP
+75.3 CD I-NP
+million CD I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year-ago JJ I-NP
+quarter NN I-NP
+, , O
+Viacom NNP B-NP
+also RB B-ADVP
+paid VBD B-VP
+preferred JJ B-NP
+stock NN I-NP
+dividends NNS I-NP
+of IN B-PP
+$ $ B-NP
+17 CD I-NP
+million CD I-NP
+; : O
+Viacom NNP B-NP
+exchanged VBD B-VP
+its PRP$ B-NP
+preferred JJ I-NP
+stock NN I-NP
+for IN B-PP
+debt NN B-NP
+in IN B-PP
+March NNP B-NP
+. . O
+
+The DT B-NP
+communications NNS I-NP
+and CC I-NP
+entertainment NN I-NP
+company NN I-NP
+said VBD B-VP
+revenue NN B-NP
+rose VBD B-VP
+to TO B-PP
+$ $ B-NP
+345.5 CD I-NP
+million CD I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+311.6 CD I-NP
+million CD I-NP
+. . O
+
+Viacom NNP B-NP
+attributed VBD B-VP
+the DT B-NP
+improvement NN I-NP
+to TO B-PP
+higher JJR B-NP
+earnings NNS I-NP
+from IN B-PP
+operations NNS B-NP
+in IN B-PP
+its PRP$ B-NP
+networks NNS I-NP
+segment VBP I-NP
+, , O
+which WDT B-NP
+includes VBZ B-VP
+the DT B-NP
+MTV NNP I-NP
+and CC I-NP
+Showtime NNP I-NP
+networks NNS I-NP
+. . O
+
+Viacom NNP B-NP
+said VBD B-VP
+it PRP B-NP
+also RB B-ADVP
+restructured VBD B-VP
+bank NN B-NP
+debt NN I-NP
+under IN B-PP
+a DT B-NP
+$ $ I-NP
+1.5 CD I-NP
+billion CD I-NP
+unsecured JJ I-NP
+bank NN I-NP
+agreement NN I-NP
+that WDT B-NP
+offers VBZ B-VP
+significant JJ B-NP
+interest NN I-NP
+rate NN I-NP
+savings NNS I-NP
+. . O
+
+Sumner NNP B-NP
+M. NNP I-NP
+Redstone NNP I-NP
+, , O
+Viacom NNP B-NP
+'s POS B-NP
+chairman NN I-NP
+, , O
+said VBD B-VP
+Viacom NNP B-NP
+`` `` O
+emerged VBD B-VP
+from IN B-PP
+our PRP$ B-NP
+leveraged JJ I-NP
+buy-out NN I-NP
+structure NN I-NP
+and CC O
+gained VBD B-VP
+substantial JJ B-NP
+operating NN I-NP
+and CC I-NP
+financial JJ I-NP
+flexibility NN I-NP
+through IN B-PP
+'' '' O
+the DT B-NP
+bank NN I-NP
+pact NN I-NP
+. . O
+
+Trinova NNP B-NP
+Corp. NNP I-NP
+, , O
+Maumee NNP B-NP
+, , O
+Ohio NNP B-NP
+, , O
+said VBD B-VP
+it PRP B-NP
+is VBZ B-VP
+launching VBG I-VP
+an DT B-NP
+extensive JJ I-NP
+restructuring NN I-NP
+of IN B-PP
+its PRP$ B-NP
+core NN I-NP
+business NN I-NP
+, , O
+and CC O
+took VBD B-VP
+a DT B-NP
+charge NN I-NP
+that WDT B-NP
+resulted VBD B-VP
+in IN B-PP
+a DT B-NP
+loss NN I-NP
+of IN B-PP
+$ $ B-NP
+29.7 CD I-NP
+million CD I-NP
+, , O
+or CC O
+87 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+for IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+Trinova NNP B-NP
+said VBD B-VP
+it PRP B-NP
+will MD B-VP
+close VB I-VP
+, , I-VP
+move NN I-VP
+or CC I-VP
+overhaul NN I-VP
+40 CD B-NP
+of IN B-PP
+its PRP$ B-NP
+170 CD I-NP
+manufacturing NN I-NP
+facilities NNS I-NP
+and CC O
+over IN B-PP
+the DT B-NP
+next JJ I-NP
+three CD I-NP
+years NNS I-NP
+cut VBP B-VP
+1,500 CD B-NP
+jobs NNS I-NP
+from IN B-PP
+its PRP$ B-NP
+current JJ I-NP
+world-wide JJ I-NP
+payroll NN I-NP
+of IN B-PP
+22,300 CD B-NP
+employees NNS I-NP
+. . O
+
+Most JJS B-NP
+of IN B-PP
+the DT B-NP
+factory NN I-NP
+closings NNS I-NP
+and CC I-NP
+job NN I-NP
+cutbacks NNS I-NP
+will MD B-VP
+affect VB I-VP
+Trinova NNP B-NP
+'s POS B-NP
+Aeroquip NNP I-NP
+operations NNS I-NP
+, , O
+which WDT B-NP
+manufacture VBP B-VP
+automotive JJ B-NP
+plastics NNS I-NP
+, , O
+hoses NNS B-NP
+and CC O
+other JJ B-NP
+industrial JJ I-NP
+and CC I-NP
+automotive JJ I-NP
+parts NNS I-NP
+. . O
+
+Hoses NNS B-NP
+and CC I-NP
+plastics NNS I-NP
+together RB B-ADVP
+account VBP B-VP
+for IN B-PP
+about IN B-NP
+42 CD I-NP
+% NN I-NP
+of IN B-PP
+Trinova NNP B-NP
+'s POS B-NP
+total JJ I-NP
+annual JJ I-NP
+sales NNS I-NP
+. . O
+
+In IN B-PP
+a DT B-NP
+separate JJ I-NP
+announcement NN I-NP
+, , O
+Trinova NNP B-NP
+said VBD B-VP
+the DT B-NP
+Aeroquip NNP I-NP
+group NN I-NP
+has VBZ B-VP
+agreed VBN I-VP
+to TO I-VP
+sell VB I-VP
+its PRP$ B-NP
+spring-brake NN I-NP
+, , I-NP
+piston-brake NN I-NP
+and CC I-NP
+related VBN I-NP
+businesses NNS I-NP
+to TO B-PP
+Midland NNP B-NP
+Brake NNP I-NP
+Inc. NNP I-NP
+of IN B-PP
+Branford NNP B-NP
+, , O
+Conn NNP B-NP
+. . O
+
+Terms NNS B-NP
+were VBD B-VP
+n't RB I-VP
+disclosed VBN I-VP
+. . O
+
+To TO B-VP
+provide VB I-VP
+for IN B-PP
+the DT B-NP
+restructuring NN I-NP
+'s POS B-NP
+costs NNS I-NP
+, , O
+Trinova NNP B-NP
+said VBD B-VP
+it PRP B-NP
+took VBD B-VP
+an DT B-NP
+after-tax JJ I-NP
+charge NN I-NP
+of IN B-PP
+$ $ B-NP
+38.5 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.13 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+. . O
+
+The DT B-NP
+$ $ I-NP
+29.7 CD I-NP
+million CD I-NP
+net JJ I-NP
+loss NN I-NP
+compares VBZ B-VP
+with IN B-PP
+net JJ B-NP
+income NN I-NP
+of IN B-PP
+$ $ B-NP
+19.6 CD I-NP
+million CD I-NP
+, , O
+or CC O
+57 CD B-NP
+cents NNS I-NP
+a DT B-NP
+share NN I-NP
+, , O
+a DT B-NP
+year NN I-NP
+earlier RBR B-ADVP
+. . O
+
+Sales NNS B-NP
+rose VBD B-VP
+8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+456.2 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+422 CD I-NP
+million CD I-NP
+. . O
+
+Trinova NNP B-NP
+closed VBD B-VP
+at IN B-PP
+$ $ B-NP
+25 CD I-NP
+, , O
+down RB B-ADVP
+$ $ B-NP
+1 CD I-NP
+, , O
+in IN B-PP
+New NNP B-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+composite JJ I-NP
+trading NN I-NP
+. . O
+
+A DT B-NP
+group NN I-NP
+of IN B-PP
+investors NNS B-NP
+, , O
+including VBG B-VP
+Giancarlo NNP B-NP
+Parretti NNP I-NP
+'s POS B-NP
+Pathe NNP I-NP
+Communications NNP I-NP
+Corp. NNP I-NP
+and CC O
+Sasea NNP B-NP
+Holding NNP I-NP
+S.A. NNP I-NP
+, , O
+have VBP B-VP
+agreed VBN I-VP
+to TO I-VP
+buy VB I-VP
+76.66 CD B-NP
+% NN I-NP
+of IN B-PP
+Odeon NNP B-NP
+Finanziaria NNP I-NP
+, , O
+a DT B-NP
+financially RB I-NP
+troubled JJ I-NP
+Italian JJ I-NP
+TV NN I-NP
+station NN I-NP
+. . O
+
+Florio NNP B-NP
+Fiorini NNP I-NP
+, , O
+managing VBG B-NP
+director NN I-NP
+of IN B-PP
+Geneva-based JJ B-NP
+Sasea NNP I-NP
+, , O
+said VBD B-VP
+the DT B-NP
+investors NNS I-NP
+would MD B-VP
+pay VB I-VP
+only RB B-NP
+a DT I-NP
+symbolic JJ I-NP
+one CD I-NP
+lira NN I-NP
+for IN B-PP
+the DT B-NP
+station NN I-NP
+, , O
+`` `` O
+but CC O
+we PRP B-NP
+have VBP B-VP
+agreed VBN I-VP
+to TO I-VP
+raise VB I-VP
+the DT B-NP
+capital NN I-NP
+that WDT B-NP
+will MD B-VP
+enable VB I-VP
+the DT B-NP
+company NN I-NP
+to TO B-VP
+continue VB I-VP
+operating VBG I-VP
+. . O
+
+It PRP B-NP
+'s VBZ B-VP
+sort NN B-NP
+of IN B-PP
+a DT B-NP
+Chapter NN I-NP
+11 CD I-NP
+situation NN I-NP
+, , O
+'' '' O
+he PRP B-NP
+added VBD B-VP
+, , O
+referring VBG B-VP
+to TO B-PP
+the DT B-NP
+U.S. NNP I-NP
+bankruptcy NN I-NP
+law NN I-NP
+that WDT B-NP
+protects VBZ B-VP
+companies NNS B-NP
+from IN B-PP
+creditors NNS B-NP
+while IN B-SBAR
+they PRP B-NP
+restructure VBP B-VP
+. . O
+
+Milan-based JJ B-NP
+Odeon NNP I-NP
+, , O
+which WDT B-NP
+draws VBZ B-VP
+about IN B-NP
+3 CD I-NP
+% NN I-NP
+of IN B-PP
+Italian JJ B-NP
+TV NN I-NP
+viewers NNS I-NP
+, , O
+has VBZ B-VP
+debt NN B-NP
+of IN B-PP
+250 CD B-NP
+billion CD I-NP
+lire NNS I-NP
+-LRB- ( O
+$ $ B-NP
+181.9 CD I-NP
+million CD I-NP
+-RRB- ) O
+, , O
+Mr. NNP B-NP
+Fiorini NNP I-NP
+said VBD B-VP
+. . O
+
+He PRP B-NP
+added VBD B-VP
+that IN B-SBAR
+details NNS B-NP
+of IN B-PP
+the DT B-NP
+recapitalization NN I-NP
+still RB B-ADVP
+have VBP B-VP
+to TO I-VP
+be VB I-VP
+worked VBN I-VP
+out IN B-PRT
+, , O
+but CC O
+that IN O
+Pathe NNP B-NP
+will MD B-VP
+take VB I-VP
+50 CD B-NP
+% NN I-NP
+of IN B-PP
+Odeon NNP B-NP
+, , O
+Rome NNP B-NP
+film NN I-NP
+producer NN I-NP
+Bruno NNP I-NP
+Lucisano NNP I-NP
+will MD B-VP
+take VB I-VP
+10 CD B-NP
+% NN I-NP
+and CC O
+the DT B-NP
+remaining VBG I-NP
+16.66 CD I-NP
+% NN I-NP
+, , O
+currently RB B-VP
+owned VBN I-VP
+by IN B-PP
+Sasea NNP B-NP
+, , O
+will MD B-VP
+eventually RB I-VP
+be VB I-VP
+sold VBN I-VP
+to TO B-PP
+other JJ B-NP
+investors NNS I-NP
+. . O
+
+Calisto NNP B-NP
+Tanzi NNP I-NP
+, , O
+Odeon NNP B-NP
+'s POS B-NP
+owner NN I-NP
+, , O
+will MD B-VP
+retain VB I-VP
+his PRP$ B-NP
+23.34 CD I-NP
+% NN I-NP
+stake NN I-NP
+. . O
+
+Italy NNP B-NP
+'s POS B-NP
+Supreme NNP I-NP
+Court NNP I-NP
+this DT B-NP
+year NN I-NP
+ordered VBD B-VP
+Parliament NNP B-NP
+to TO B-VP
+write VB I-VP
+a DT B-NP
+law NN I-NP
+that WDT B-NP
+will MD B-VP
+regulate VB I-VP
+media NNS B-NP
+ownership NN I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+think VBP B-VP
+that IN B-SBAR
+it PRP B-NP
+'s VBZ B-VP
+going VBG I-VP
+to TO I-VP
+be VB I-VP
+far RB B-ADJP
+more RBR I-ADJP
+favorable JJ I-ADJP
+to TO B-VP
+own VB I-VP
+a DT B-NP
+station NN I-NP
+before IN B-SBAR
+the DT B-NP
+law NN I-NP
+is VBZ B-VP
+passed VBN I-VP
+than IN B-SBAR
+to TO B-VP
+try VB I-VP
+to TO I-VP
+buy VB I-VP
+one CD B-NP
+afterward RB B-ADVP
+, , O
+'' '' O
+Mr. NNP B-NP
+Fiorini NNP I-NP
+said VBD B-VP
+. . O
+
+San NNP B-NP
+Francisco NNP I-NP
+area NN I-NP
+officials NNS I-NP
+gave VBD B-VP
+the DT B-NP
+media NNS I-NP
+high JJ B-NP
+marks NNS I-NP
+for IN B-PP
+helping VBG B-VP
+people NNS B-NP
+find VBP B-VP
+shelter NN B-NP
+and CC O
+obtain VB B-VP
+emergency NN B-NP
+information NN I-NP
+after IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+catastrophic JJ I-NP
+earthquake NN I-NP
+. . O
+
+`` `` O
+The DT B-NP
+press NN I-NP
+has VBZ B-VP
+been VBN I-VP
+doing VBG I-VP
+an DT B-NP
+excellent JJ I-NP
+job NN I-NP
+. . O
+
+They PRP B-NP
+are VBP B-VP
+telling VBG I-VP
+people NNS B-NP
+what WP B-NP
+roads NNS I-NP
+are VBP B-VP
+closed VBN B-ADJP
+and CC O
+just RB B-VP
+keeping VBG I-VP
+the DT B-NP
+public RB I-NP
+informed VBN B-ADJP
+has VBZ B-VP
+helped VBN I-VP
+to TO I-VP
+keep VB I-VP
+the DT B-NP
+panic NN I-NP
+down RB B-PRT
+, , O
+'' '' O
+said VBD B-VP
+James NNP B-NP
+Ball NNP I-NP
+, , O
+a DT B-NP
+station NN I-NP
+supervisor NN I-NP
+at IN B-PP
+Daly NNP B-NP
+City NNP I-NP
+Police NNP I-NP
+Department NNP I-NP
+. . O
+
+Mr. NNP B-NP
+Ball NNP I-NP
+noted VBD B-VP
+that IN B-SBAR
+television NN B-NP
+stations NNS I-NP
+featured VBD B-VP
+people NNS B-NP
+holding VBG B-VP
+up IN B-PRT
+phone NN B-NP
+books NNS I-NP
+, , O
+explaining VBG B-VP
+where WRB B-ADVP
+to TO B-VP
+call VB I-VP
+for IN B-PP
+help NN B-NP
+. . O
+
+Radio NN B-NP
+stations NNS I-NP
+provided VBD B-VP
+an DT B-NP
+emergency NN I-NP
+number NN I-NP
+for IN B-PP
+people NNS B-NP
+who WP B-NP
+smelled VBD B-VP
+gas NN B-NP
+but CC O
+did VBD B-VP
+n't RB I-VP
+know VB I-VP
+how WRB B-ADVP
+to TO B-VP
+turn VB I-VP
+off IN B-PRT
+their PRP$ B-NP
+gas NN I-NP
+supply NN I-NP
+. . O
+
+Kim NNP B-NP
+Schwartz NNP I-NP
+, , O
+a DT B-NP
+spokesperson NN I-NP
+for IN B-PP
+the DT B-NP
+American NNP I-NP
+Red NNP I-NP
+Cross NNP I-NP
+in IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+, , O
+said VBD B-VP
+television NN B-NP
+and CC I-NP
+radio NN I-NP
+stations NNS I-NP
+in IN B-PP
+San NNP B-NP
+Francisco NNP I-NP
+played VBD B-VP
+a DT B-NP
+`` `` I-NP
+very RB I-NP
+positive JJ I-NP
+role NN I-NP
+'' '' O
+by IN B-PP
+providing VBG B-VP
+the DT B-NP
+address NN I-NP
+of IN B-PP
+28 CD B-NP
+shelters NNS I-NP
+of IN B-PP
+the DT B-NP
+Red NNP I-NP
+Cross NNP I-NP
+and CC B-PP
+by IN B-PP
+giving VBG B-VP
+out RP B-PRT
+the IN B-NP
+Red NNP I-NP
+Cross NNP I-NP
+number NN I-NP
+for IN B-PP
+contributions NNS B-NP
+to TO B-VP
+help VB I-VP
+earthquake NN B-NP
+victims NNS I-NP
+-LRB- ( O
+1-800-453-9000 CD B-NP
+-RRB- ) O
+. . O
+
+The DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Examiner NNP I-NP
+issued VBD B-VP
+a DT B-NP
+special JJ I-NP
+edition NN I-NP
+around IN B-PP
+noon NN B-NP
+yesterday NN B-NP
+that WDT B-NP
+was VBD B-VP
+filled VBN I-VP
+entirely RB B-ADVP
+with IN B-PP
+earthquake NN B-NP
+news NN I-NP
+and CC I-NP
+information NN I-NP
+. . O
+
+The DT B-NP
+Examiner NNP I-NP
+and CC O
+the DT B-NP
+San NNP I-NP
+Francisco NNP I-NP
+Chronicle NNP I-NP
+were VBD B-VP
+able JJ B-ADJP
+to TO B-VP
+publish VB I-VP
+despite IN B-PP
+Tuesday NNP B-NP
+'s POS B-NP
+quake NN I-NP
+, , O
+which WDT B-NP
+occurred VBD B-VP
+close RB B-ADVP
+to TO B-PP
+deadline NN B-NP
+for IN B-PP
+many JJ B-NP
+newspapers NNS I-NP
+. . O
+
+Sterling NNP B-NP
+Software NNP I-NP
+Inc. NNP I-NP
+said VBD B-VP
+it PRP B-NP
+lost VBD B-VP
+its PRP$ B-NP
+bid NN I-NP
+to TO B-VP
+supply VB I-VP
+software NN B-NP
+services NNS I-NP
+to TO B-PP
+the DT B-NP
+National NNP I-NP
+Aeronautics NNP I-NP
+and CC I-NP
+Space NNP I-NP
+Administration NNP I-NP
+'s POS B-NP
+Ames NNP I-NP
+Research NNP I-NP
+Center NNP I-NP
+at IN B-PP
+Moffett NNP B-NP
+Field NNP I-NP
+, , O
+Calif NNP B-NP
+. . O
+
+Sterling NNP B-NP
+, , O
+which WDT B-NP
+estimated VBD B-VP
+the DT B-NP
+value NN I-NP
+of IN B-PP
+the DT B-NP
+contract NN I-NP
+at IN B-PP
+$ $ B-NP
+150 CD I-NP
+million CD I-NP
+, , O
+said VBD B-VP
+NASA NNP B-NP
+selected VBD B-VP
+another DT B-NP
+bidder NN I-NP
+for IN B-PP
+final JJ B-NP
+negotiations NNS I-NP
+. . O
+
+In IN B-PP
+1988 CD B-NP
+, , O
+Dallas-based JJ B-NP
+Sterling NNP I-NP
+protested VBD B-VP
+a DT B-NP
+similar JJ I-NP
+decision NN I-NP
+by IN B-PP
+NASA NNP B-NP
+involving VBG B-VP
+the DT B-NP
+same JJ I-NP
+contract NN I-NP
+, , O
+claiming VBG B-VP
+it PRP B-NP
+had VBD B-VP
+submitted VBN I-VP
+the DT B-NP
+lowest JJS I-NP
+bid NN I-NP
+. . O
+
+As IN B-PP
+a DT B-NP
+result NN I-NP
+, , O
+last JJ B-NP
+March NNP I-NP
+the DT B-NP
+General NNP I-NP
+Services NNP I-NP
+Administration NNP I-NP
+board NN I-NP
+of IN B-PP
+contract NN B-NP
+appeals NNS I-NP
+directed VBD B-VP
+NASA NNP B-NP
+to TO B-VP
+reopen VB I-VP
+negotiations NNS B-NP
+on IN B-PP
+the DT B-NP
+contract NN I-NP
+. . O
+
+Sterling NNP B-NP
+said VBD B-VP
+it PRP B-NP
+had VBD B-VP
+requested VBN I-VP
+a DT B-NP
+briefing NN I-NP
+by IN B-PP
+NASA NNP B-NP
+but CC O
+had VBD B-VP
+not RB I-VP
+decided VBN I-VP
+whether IN B-SBAR
+to TO B-VP
+protest VB I-VP
+the DT B-NP
+agency NN I-NP
+'s POS B-NP
+latest JJS I-NP
+decision NN I-NP
+. . O
+
+Consolidated NNP B-NP
+Rail NNP I-NP
+Corp. NNP I-NP
+, , O
+New NNP B-NP
+York NNP I-NP
+, , O
+reported VBD B-VP
+that IN B-SBAR
+third-quarter JJ B-NP
+net JJ I-NP
+income NN I-NP
+climbed VBD B-VP
+4.8 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+87 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.27 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+exceeding VBG B-VP
+analysts NNS B-NP
+' POS B-NP
+expectations NNS I-NP
+. . O
+
+In IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+quarter NN I-NP
+, , O
+the DT B-NP
+freight NN I-NP
+railroad NN I-NP
+earned VBD B-VP
+$ $ B-NP
+83 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+1.21 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+James NNP B-NP
+A. NNP I-NP
+Hagen NNP I-NP
+, , O
+chairman NN B-NP
+and CC O
+chief JJ B-NP
+executive JJ I-NP
+officer NN I-NP
+, , O
+noted VBD B-VP
+that IN B-SBAR
+earnings NNS B-NP
+advanced VBD B-VP
+`` `` O
+in IN B-PP
+the DT B-NP
+face NN I-NP
+of IN B-PP
+a DT B-NP
+drop NN I-NP
+in IN B-PP
+business NN B-NP
+, , O
+brought VBN B-VP
+on IN B-PRT
+by IN B-PP
+the DT B-NP
+general JJ I-NP
+economic JJ I-NP
+slowdown NN I-NP
+. . O
+'' '' O
+
+Revenue NN B-NP
+slipped VBD B-VP
+4.6 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+835 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+876 CD I-NP
+million CD I-NP
+. . O
+
+For IN B-PP
+the DT B-NP
+rest NN I-NP
+of IN B-PP
+1989 CD B-NP
+, , O
+Mr. NNP B-NP
+Hagen NNP I-NP
+said VBD B-VP
+, , O
+Conrail NNP B-NP
+'s POS B-NP
+traffic NN I-NP
+and CC I-NP
+revenue NN I-NP
+`` `` O
+will MD B-VP
+reflect VB I-VP
+the DT B-NP
+sluggish JJ I-NP
+economy NN I-NP
+, , O
+but CC O
+Conrail NNP B-NP
+will MD B-VP
+continue VB I-VP
+to TO I-VP
+take VB I-VP
+steps NNS B-NP
+to TO B-VP
+control VB I-VP
+and CC I-VP
+reduce VB I-VP
+costs NNS B-NP
+. . O
+'' '' O
+
+For IN B-PP
+the DT B-NP
+nine CD I-NP
+months NNS I-NP
+, , O
+Conrail NNP B-NP
+earnings NNS I-NP
+grew VBD B-VP
+0.4 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+229 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.34 CD I-NP
+a DT B-NP
+share NN I-NP
+, , O
+from IN B-PP
+$ $ B-NP
+228 CD I-NP
+million CD I-NP
+, , O
+or CC O
+$ $ B-NP
+3.31 CD I-NP
+a DT B-NP
+share NN I-NP
+. . O
+
+Revenue NN B-NP
+was VBD B-VP
+flat JJ B-ADJP
+at IN B-PP
+$ $ B-NP
+2.59 CD I-NP
+billion CD I-NP
+. . O
+
+Georgia NNP B-NP
+Gulf NNP I-NP
+Corp. NNP I-NP
+, , O
+hurt VBN B-VP
+by IN B-PP
+declining VBG B-NP
+sales NNS I-NP
+and CC O
+falling VBG B-NP
+chemical NN I-NP
+prices NNS I-NP
+, , O
+said VBD B-VP
+third-quarter JJ B-NP
+earnings NNS I-NP
+fell VBD B-VP
+13 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+46.1 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+53.1 CD I-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+year-earlier JJ I-NP
+period NN I-NP
+. . O
+
+Sales NNS B-NP
+declined VBD B-VP
+10 CD B-NP
+% NN I-NP
+to TO B-PP
+$ $ B-NP
+251.2 CD I-NP
+million CD I-NP
+from IN B-PP
+$ $ B-NP
+278.7 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+Atlanta-based JJ I-NP
+chemical NN I-NP
+manufacturer NN I-NP
+said VBD B-VP
+lower JJR B-NP
+prices NNS I-NP
+hurt VBD B-VP
+margins NNS B-NP
+for IN B-PP
+most RBS B-NP
+products NNS I-NP
+. . O
+
+`` `` O
+We PRP B-NP
+did VBD B-VP
+see VB I-VP
+some DT B-NP
+relief NN I-NP
+in IN B-PP
+raw JJ B-NP
+material NN I-NP
+costs NNS I-NP
+, , O
+but CC O
+it PRP B-NP
+was VBD B-VP
+n't RB O
+sufficient JJ B-ADJP
+to TO B-VP
+offset VB I-VP
+the DT B-NP
+drop NN I-NP
+in IN B-PP
+sales NNS B-NP
+prices NNS I-NP
+, , O
+'' '' O
+James NNP B-NP
+R. NNP I-NP
+Kuse NNP I-NP
+, , O
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+chairman NN I-NP
+and CC I-NP
+chief JJ I-NP
+executive JJ I-NP
+officer NN I-NP
+said VBD B-VP
+in IN B-PP
+a DT B-NP
+statement NN I-NP
+. . O
+
+On IN B-PP
+a DT B-NP
+per-share JJ I-NP
+basis NN I-NP
+, , O
+quarterly JJ B-NP
+earnings NNS I-NP
+remained VBD B-VP
+at IN B-PP
+$ $ B-NP
+1.85 CD I-NP
+, , O
+the DT B-NP
+same JJ I-NP
+as IN B-PP
+last JJ B-NP
+year NN I-NP
+, , O
+because IN B-PP
+of IN I-PP
+the DT B-NP
+company NN I-NP
+'s POS B-NP
+share NN I-NP
+buy-back NN I-NP
+program NN I-NP
+. . O
+
+Georgia NNP B-NP
+Gulf NNP I-NP
+had VBD B-VP
+24.9 CD B-NP
+million CD I-NP
+shares NNS I-NP
+outstanding JJ B-ADJP
+on IN B-PP
+average JJ B-NP
+in IN B-PP
+the DT B-NP
+quarter NN I-NP
+, , O
+compared VBN B-PP
+with IN B-PP
+28.6 CD B-NP
+million CD I-NP
+in IN B-PP
+the DT B-NP
+third JJ I-NP
+quarter NN I-NP
+of IN B-PP
+1988 CD B-NP
+, , O
+adjusted VBN B-VP
+for IN B-PP
+a DT B-NP
+stock NN I-NP
+split NN I-NP
+paid VBN B-VP
+in IN B-PP
+January NNP B-NP
+1989 CD I-NP
+. . O
+
+In IN B-PP
+composite JJ B-NP
+New NNP I-NP
+York NNP I-NP
+Stock NNP I-NP
+Exchange NNP I-NP
+trading NN I-NP
+, , O
+stock NN B-NP
+in IN B-PP
+Georgia NNP B-NP
+Gulf NNP I-NP
+, , O
+which WDT B-NP
+has VBZ B-VP
+been VBN I-VP
+mentioned VBN I-VP
+as IN B-PP
+a DT B-NP
+takeover NN I-NP
+candidate NN I-NP
+, , O
+rose VBD B-VP
+$ $ B-NP
+2.125 CD I-NP
+a DT B-NP
+share NN I-NP
+to TO B-VP
+close VB I-VP
+at IN B-PP
+$ $ B-NP
+46.125 CD I-NP
+. . O
+
+This DT B-NP
+temblor-prone JJ I-NP
+city NN I-NP
+dispatched VBD B-VP
+inspectors NNS B-NP
+, , O
+firefighters NNS B-NP
+and CC O
+other JJ B-NP
+earthquake-trained JJ I-NP
+personnel NNS I-NP
+to TO B-VP
+aid VB I-VP
+San NNP B-NP
+Francisco NNP I-NP
+. . O
+
+But CC O
+a DT B-NP
+secondary JJ I-NP
+agenda NN I-NP
+among IN B-PP
+officials NNS B-NP
+in IN B-PP
+the DT B-NP
+City NNP I-NP
+of IN B-PP
+Angels NNPS B-NP
+was VBD B-VP
+to TO B-VP
+learn VB I-VP
+about IN B-PP
+the DT B-NP
+disaster-contingency NN I-NP
+plans VBZ I-NP
+that DT B-NP
+work NN B-VP
+and CC O
+those DT B-NP
+that WDT B-NP
+do VBP B-VP
+n't RB O
+. . O
+
+Los NNP B-NP
+Angeles NNP I-NP
+Mayor NNP I-NP
+Tom NNP I-NP
+Bradley NNP I-NP
+used VBD B-VP
+the DT B-NP
+opportunity NN I-NP
+to TO B-VP
+push VB I-VP
+the DT B-NP
+City NNP I-NP
+Council NNP I-NP
+harder JJR B-ADVP
+to TO B-VP
+pass VB I-VP
+a DT B-NP
+measure NN I-NP
+establishing VBG B-VP
+a DT B-NP
+loss-recovery JJ I-NP
+reserve NN I-NP
+of IN B-PP
+$ $ B-NP
+100 CD I-NP
+million CD I-NP
+. . O
+
+The DT B-NP
+amount NN I-NP
+would MD B-VP
+help VB I-VP
+Los NNP B-NP
+Angeles NNP I-NP
+cope VB B-VP
+in IN B-PP
+the DT B-NP
+first JJ I-NP
+few JJ I-NP
+weeks NNS I-NP
+after IN B-PP
+its PRP$ B-NP
+own JJ I-NP
+anticipated VBN I-NP
+quake NN I-NP
+, , O
+while IN B-SBAR
+waiting VBG B-VP
+for IN B-SBAR
+federal JJ B-NP
+assistance NN I-NP
+to TO B-VP
+arrive VB I-VP
+. . O
+
+After IN B-SBAR
+San NNP B-NP
+Francisco NNP I-NP
+Mayor NNP I-NP
+Art NNP I-NP
+Agnos NNP I-NP
+spoke VBD B-VP
+on IN B-PP
+television NN B-NP
+of IN B-PP
+the DT B-NP
+need NN I-NP
+for IN B-SBAR
+building NN B-NP
+inspectors NNS I-NP
+to TO B-VP
+check VB I-VP
+the DT B-NP
+soundness NN I-NP
+of IN B-PP
+buildings NNS B-NP
+, , O
+Los NNP B-NP
+Angeles NNP I-NP
+dispatched VBD B-VP
+32 CD B-NP
+inspectors NNS I-NP
+to TO B-VP
+help VB I-VP
+. . O
+
+And CC O
+the DT B-NP
+county NN I-NP
+of IN B-PP
+Los NNP B-NP
+Angeles NNP I-NP
+placed VBD B-VP
+its PRP$ B-NP
+firefighters NNS I-NP
+and CC I-NP
+sheriffs NNS I-NP
+on IN B-PP
+alert JJ B-NP
+, , O
+ready JJ B-ADJP
+to TO B-VP
+send VB I-VP
+in IN B-ADVP
+reinforcements NNS B-NP
+, , O
+and CC O
+alerted VBD B-VP
+San NNP B-NP
+Francisco NNP I-NP
+that IN B-SBAR
+the DT B-NP
+city NN I-NP
+has VBZ B-VP
+1,000 CD B-NP
+hospital NN I-NP
+beds NNS I-NP
+at IN B-PP
+its PRP$ B-NP
+disposal NN I-NP
+. . O
+
+Two CD B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+radio NN I-NP
+stations NNS I-NP
+initiated VBD B-VP
+Red NNP B-NP
+Cross NNP I-NP
+donation NN I-NP
+campaigns NNS I-NP
+, , O
+and CC O
+one CD B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+bank NN I-NP
+manager NN I-NP
+forked JJ B-VP
+over IN B-PRT
+$ $ B-NP
+150,000 CD I-NP
+of IN B-PP
+his PRP$ B-NP
+own JJ I-NP
+money NN I-NP
+for IN B-PP
+relief NN B-NP
+purposes NNS I-NP
+, , O
+the DT B-NP
+Red NNP I-NP
+Cross NNP I-NP
+said VBD B-VP
+. . O
+
+The DT B-NP
+Los NNP I-NP
+Angeles NNP I-NP
+Red NNP I-NP
+Cross NNP I-NP
+sent VBD B-VP
+2,480 CD B-NP
+cots NNS I-NP
+, , O
+500 CD B-NP
+blankets NNS I-NP
+, , O
+and CC O
+300 CD B-NP
+pints NNS I-NP
+of IN B-PP
+Type-O JJ B-NP
+blood NN I-NP
+. . O
+
+It PRP B-NP
+is VBZ B-VP
+also RB I-VP
+pulling VBG I-VP
+20 CD B-NP
+people NNS I-NP
+out IN B-PP
+of IN B-PP
+Puerto NNP B-NP
+Rico NNP I-NP
+, , O
+who WP B-NP
+were VBD B-VP
+helping VBG I-VP
+Huricane NNP B-NP
+Hugo NNP I-NP
+victims NNS I-NP
+, , O
+and CC O
+sending VBG B-VP
+them PRP B-NP
+to TO B-PP
+San NNP B-NP
+Francisco NNP I-NP
+instead RB B-ADVP
+. . O
+