For his sixth novel , Mr. Friedman tried to resuscitate the protagonist of his 1972 work , `` About Harry Towns . ''

For his <ordinal>sixth</ordinal> novel , Mr. <person>Friedman</person> tried to resuscitate the protagonist of his <date>1972</date> work , `` <work_of_art>About Harry Towns</work_of_art> . ''


Harry is now a 57 - year - old writer , whose continuing flirtation with drugs and marginal types in Hollywood and New York seems quaintly out - of - synch .

<person>Harry</person> is now a <date>57 - year - old</date> writer , whose continuing flirtation with drugs and marginal types in <gpe>Hollywood</gpe> and <gpe>New York</gpe> seems quaintly out - of - synch .


Harry fondly remembers the `` old '' days of the early '70s , when people like his friend Travis would take a psychiatrist on a date to analyze what Travis was doing wrong .

<person>Harry</person> fondly remembers <date>the `` old '' days of the early '70s</date> , when people like his friend <person>Travis</person> would take a psychiatrist on a date to analyze what <person>Travis</person> was doing wrong .


`` An L.A. solution , '' explains Mr. Friedman .

`` An <gpe>L.A.</gpe> solution , '' explains Mr. <person>Friedman</person> .


Line by line Mr. Friedman 's weary cynicism can be amusing , especially when he 's riffing on the Hollywood social scheme -- the way people size each other up , immediately canceling the desperate ones who merely almost made it .

Line by line Mr. <person>Friedman</person> 's weary cynicism can be amusing , especially when he 's riffing on the <gpe>Hollywood</gpe> social scheme -- the way people size each other up , immediately canceling the desperate ones who merely almost made it .


Harry has avoided all that by living in a Long Island suburb with his wife , who 's so addicted to soap operas and mystery novels she barely seems to notice when her husband disappears for drug - seeking forays into Manhattan .

<person>Harry</person> has avoided all that by living in a <loc>Long Island</loc> suburb with his wife , who 's so addicted to soap operas and mystery novels she barely seems to notice when her husband disappears for drug - seeking forays into <gpe>Manhattan</gpe> .


But it does n't take too many lines to figure Harry out .

But it does n't take too many lines to figure <person>Harry</person> out .


He 's a bore .


Gulf Resources & Chemical Corp. said it agreed to pay $ 1.5 million as part of an accord with the Environmental Protection Agency regarding an environmental cleanup of a defunct smelter the company formerly operated in Idaho .

<org>Gulf Resources & Chemical Corp.</org> said it agreed to pay <money>$ 1.5 million</money> as part of an accord with <org>the Environmental Protection Agency</org> regarding an environmental cleanup of a defunct smelter the company formerly operated in <gpe>Idaho</gpe> .


In 1984 the EPA notified Gulf Resources , which was a part - owner of the smelter , that it was potentially liable for sharing cleanup costs at the site under the federal Superfund program .

In <date>1984</date> the <org>EPA</org> notified <org>Gulf Resources</org> , which was a part - owner of the smelter , that it was potentially liable for sharing cleanup costs at the site under the federal <org>Superfund</org> program .


The 21 - square - mile area is contaminated with lead , zinc and other metals .

The <quantity>21 - square - mile</quantity> area is contaminated with lead , zinc and other metals .


Gulf Resources earlier this year proposed a reorganization plan that would make it a unit of a Bermuda concern , potentially exempting it from liability for the smelter 's cleanup costs .

<org>Gulf Resources</org> <date>earlier this year</date> proposed a reorganization plan that would make it a unit of a <gpe>Bermuda</gpe> concern , potentially exempting it from liability for the smelter 's cleanup costs .


The company said that as part of its agreement with the EPA , it `` made certain voluntary undertakings with respect to intercorporate transactions entered into after the reorganization . ''

The company said that as part of its agreement with the <org>EPA</org> , it `` made certain voluntary undertakings with respect to intercorporate transactions entered into after the reorganization . ''


The company , which issued a statement on the agreement late Friday , said that $ 1 million of the payment was previously provided for in its financial statements and that $ 500,000 will be recognized in its 1989 third - quarter statement .

The company , which issued a statement on the agreement <date>late Friday</date> , said that <money>$ 1 million</money> of the payment was previously provided for in its financial statements and that $ <money>500,000</money> will be recognized in its <date>1989 third - quarter</date> statement .


The agreement and consent decree are subject to court approval , the company said .


Gulf Resources added that it `` will seek to recover equitable contribution from others for both the amount of the settlement and any other liabilities it may incur under the Superfund law . ''

<org>Gulf Resources</org> added that it `` will seek to recover equitable contribution from others for both the amount of the settlement and any other liabilities it may incur under the <org>Superfund</org> law . ''


Under the agreement , Gulf must give the U.S. government 45 days ' advance written notice before issuing any dividends on common stock .

Under the agreement , <org>Gulf</org> must give the <gpe>U.S.</gpe> government <date>45 days '</date> advance written notice before issuing any dividends on common stock .


The company 's net worth can not fall below $ 185 million after the dividends are issued .

The company 's net worth can not fall below <money>$ 185 million</money> after the dividends are issued .


`` The terms of that agreement only become effective the date of Gulf 's reorganization , which we anticipate will occur sometime in early 1990 , '' said Lawrence R. Mehl , Gulf 's general counsel .

`` The terms of that agreement only become effective <date>the date</date> of <org>Gulf</org> 's reorganization , which we anticipate will occur sometime in <date>early 1990</date> , '' said <person>Lawrence R. Mehl</person> , <org>Gulf</org> 's general counsel .


In addition , Gulf must give the government 20 days ' advance written notice of any loans exceeding $ 50 million that are made to the Bermuda - based holding company .

In addition , <org>Gulf</org> must give the government <date>20 days '</date> advance written notice of any loans exceeding <money>$ 50 million</money> that are made to the <gpe>Bermuda</gpe> - based holding company .


Gulf 's net worth after those transaction must be at least $ 150 million .

<org>Gulf</org> 's net worth after those transaction must be <money>at least $ 150 million</money> .


Separately , the company said it expects to hold a special meeting for shareholders in early 1990 to vote on its proposed reorganization .

Separately , the company said it expects to hold a special meeting for shareholders in <date>early 1990</date> to vote on its proposed reorganization .


The real estate slump that 's pushing down the price of New York office space and housing is also affecting the city 's retail real estate market .

The real estate slump that 's pushing down the price of <gpe>New York</gpe> office space and housing is also affecting the city 's retail real estate market .


In Manhattan , once - desirable store sites sit vacant and newly constructed space has been slow to fill .

In <gpe>Manhattan</gpe> , once - desirable store sites sit vacant and newly constructed space has been slow to fill .


Retail real estate brokers say tenants are reluctant to sign leases because of uncertainty about the local economy , turmoil in their own industries and a belief that rents have not yet hit bottom .


`` There is an unbelievable amount of space available , '' says Faith Consolo , senior vice president at Garrick - Aug Associates Store Leasing Inc .

`` There is an unbelievable amount of space available , '' says <person>Faith Consolo</person> , senior vice president at <org>Garrick - Aug Associates Store Leasing Inc</org> .


There are about 2,000 stores for rent , up from a more typical range of 1,200 to 1,500 .

There are <cardinal>about 2,000</cardinal> stores for rent , up from a more typical range of <cardinal>1,200</cardinal> to <cardinal>1,500</cardinal> .


`` This further confuses retailers , '' she says .


`` They wonder should they sign a lease if prices are still coming down ?


Is this the wrong time to open a store ?


Who is going to be in the space next door ? ''


In addition , Ms. Consolo says , tenants usually can negotiate to pay rents that are about one - quarter lower than landlords ' initial asking price .

In addition , Ms. <person>Consolo</person> says , tenants usually can negotiate to pay rents that are <cardinal>about one - quarter</cardinal> lower than landlords ' initial asking price .


A handful of hot retail locations , such as the 57th Street and Madison and Fifth Avenue areas , have been able to sustain what many see as astronomical rents .

A handful of hot retail locations , such as the <fac>57th Street</fac> and <fac>Madison</fac> and <fac>Fifth Avenue</fac> areas , have been able to sustain what many see as astronomical rents .


And , in some neighborhoods , rents have merely hit a plateau .


But on average , Manhattan retail rents have dropped 10 % to 15 % in the past six months alone , experts say .

But on average , <gpe>Manhattan</gpe> retail rents have dropped <percent>10 % to 15 %</percent> in <date>the past six months</date> alone , experts say .


That follows a more subtle decline in the prior six months , after Manhattan rents had run up rapidly since 1986 .

That follows a more subtle decline in the prior <date>six months</date> , after <gpe>Manhattan</gpe> rents had run up rapidly since <date>1986</date> .


The same factors limiting demand for office space have affected retailing .


`` As businesses contract or depart , the number of employees who might use retail services shrinks , '' says Edward A. Friedman , senior vice president of Helmsley Spear Inc .

`` As businesses contract or depart , the number of employees who might use retail services shrinks , '' says <person>Edward A. Friedman</person> , senior vice president of <org>Helmsley Spear Inc</org> .


He says financial problems plaguing electronics , fur and furniture companies -- key categories in the local retail economy -- have further deflated the market .


Hardest hit are what he calls `` secondary '' sites that primarily serve neighborhood residents .


In these locations , Mr. Friedman says , `` Retailers are increasingly cautious about expanding and rents have remained steady or in some cases have declined . ''

In these locations , Mr. <person>Friedman</person> says , `` Retailers are increasingly cautious about expanding and rents have remained steady or in some cases have declined . ''


Weakness in the restaurant industry , which is leaving retail space vacant , exacerbates the problem for landlords .


It is also no comfort to landlords and small New York retailers when the future of larger department stores , which anchor retail neighborhoods , are in doubt .

It is also no comfort to landlords and small <gpe>New York</gpe> retailers when the future of larger department stores , which anchor retail neighborhoods , are in doubt .


Hooker Corp. , parent of Bonwit Teller and B. Altman 's , is mired in bankruptcy proceedings and Bloomingdale 's is for sale by its owner , Campeau Corp .

<org>Hooker Corp.</org> , parent of <org>Bonwit Teller</org> and <org>B. Altman 's</org> , is mired in bankruptcy proceedings and <org>Bloomingdale 's</org> is for sale by its owner , <org>Campeau Corp</org> .


The trend toward lower rents may seem surprising given that some communities in New York are bemoaning the loss of favorite local businesses to high rents .

The trend toward lower rents may seem surprising given that some communities in <gpe>New York</gpe> are bemoaning the loss of favorite local businesses to high rents .


But , despite the recent softening , for many of these retailers there 's still been too big a jump from the rental rates of the late 1970s , when their leases were signed .

But , despite the recent softening , for many of these retailers there 's still been too big a jump from the rental rates of <date>the late 1970s</date> , when their leases were signed .


Certainly , the recent drop in prices does n't mean Manhattan comes cheap .

Certainly , the recent drop in prices does n't mean <gpe>Manhattan</gpe> comes cheap .


New York retail rents still run well above the going rate in other U.S. cities .

<gpe>New York</gpe> retail rents still run well above the going rate in other <gpe>U.S.</gpe> cities .


Madison and Fifth Avenues and East 57th Street can command rents of up to $ 500 a square foot , and $ 250 is not uncommon .

<fac>Madison</fac> and <fac>Fifth Avenues</fac> and <fac>East 57th Street</fac> can command rents of <money>up to $ 500</money> a square foot , and $ <money>250</money> is not uncommon .


The thriving 34th Street area offers rents of about $ 100 a square foot , as do up - and - coming locations along lower Fifth Avenue .

The thriving <fac>34th Street</fac> area offers rents of <money>about $ 100</money> a square foot , as do up - and - coming locations along lower <fac>Fifth Avenue</fac> .


By contrast , rentals in the best retail locations in Boston , San Francisco and Chicago rarely top $ 100 a square foot .

By contrast , rentals in the best retail locations in <gpe>Boston</gpe> , <gpe>San Francisco</gpe> and <gpe>Chicago</gpe> rarely top $ <money>100</money> a square foot .


And rents on Beverly Hills ' Rodeo Drive generally do n't exceed about $ 125 a square foot .

And rents on <gpe>Beverly Hills '</gpe> <fac>Rodeo Drive</fac> generally do n't exceed <money>about $ 125</money> a square foot .


The New York Stock Exchange said two securities will begin trading this week .

<org>The New York Stock Exchange</org> said <cardinal>two</cardinal> securities will begin trading <date>this week</date> .


Precision Castparts Corp. , Portland , Ore. , will begin trading with the symbol PCP .

<org>Precision Castparts Corp.</org> , <gpe>Portland</gpe> , <gpe>Ore.</gpe> , will begin trading with the symbol <org>PCP</org> .


It makes investment castings and has traded over - the - counter .


Royal Bank of Scotland Group PLC , an Edinburgh , Scotland , financial services company , will list American depositary shares , representing preferred shares , with the symbol RBSPr .

<org>Royal Bank of Scotland Group PLC</org> , an <gpe>Edinburgh</gpe> , <gpe>Scotland</gpe> , financial services company , will list <norp>American</norp> depositary shares , representing preferred shares , with the symbol <org>RBSPr</org> .


It will continue to trade on the International Stock Exchange , London .

It will continue to trade on <org>the International Stock Exchange</org> , <gpe>London</gpe> .


The American Stock Exchange listed shares of two companies .

<org>The American Stock Exchange</org> listed shares of <cardinal>two</cardinal> companies .


AIM Telephones Inc. , a Parsippany , N.J. , telecommunications equipment supply company , started trading with the symbol AIM .

<org>AIM Telephones Inc.</org> , a <gpe>Parsippany</gpe> , <gpe>N.J.</gpe> , telecommunications equipment supply company , started trading with the symbol <org>AIM</org> .


It had traded over - the - counter .


Columbia Laboratories Inc. , Miami , began trading with the symbol COB .

<org>Columbia Laboratories Inc.</org> , <gpe>Miami</gpe> , began trading with the symbol <org>COB</org> .


The pharmaceuticals maker had traded over - the - counter .


The National Market System of the Nasdaq over - the - counter market listed shares of one company .

<org>The National Market System</org> of the <org>Nasdaq</org> over - the - counter market listed shares of <cardinal>one</cardinal> company .


Employee Benefit Plans Inc. , a Minneapolis health - care services company , was listed with the symbol EBPI .

<org>Employee Benefit Plans Inc.</org> , a <gpe>Minneapolis</gpe> health - care services company , was listed with the symbol <org>EBPI</org> .


When Justice William Brennan marks the start of his 34th year on the Supreme Court today , the occasion will differ sharply from previous anniversaries of his tenure .

When Justice <person>William Brennan</person> marks the start of his <ordinal>34th</ordinal> <date>year</date> on <org>the Supreme Court</org> <date>today</date> , the occasion will differ sharply from previous anniversaries of his tenure .


For the first time , the 83 - year - old justice finds his influence almost exclusively in dissent , rather than as a force in the high court 's majority .

For the <ordinal>first</ordinal> time , the <date>83 - year - old</date> justice finds his influence almost exclusively in dissent , rather than as a force in the high court 's majority .


This role reversal holds true , as well , for his three liberal and moderate allies , Justices Thurgood Marshall , Harry Blackmun and John Stevens .

This role reversal holds true , as well , for his <cardinal>three</cardinal> liberal and moderate allies , Justices <person>Thurgood Marshall</person> , <person>Harry Blackmun</person> and <person>John Stevens</person> .


But are these four players , three of them in their 80s , ready to assume a different role after 88 years , collectively , of service on the high court ?

But are these <cardinal>four</cardinal> players , <cardinal>three</cardinal> of them in their <date>80s</date> , ready to assume a different role after <date>88 years</date> , collectively , of service on the high court ?


Every indication is that the four are prepared to accept this new role , and the frustrations that go with it , but in different ways .

Every indication is that the <cardinal>four</cardinal> are prepared to accept this new role , and the frustrations that go with it , but in different ways .


Justices Brennan and Stevens appear philosophical about it ; Justices Marshall and Blackmun appear fighting mad .

Justices <person>Brennan</person> and <person>Stevens</person> appear philosophical about it ; Justices <person>Marshall</person> and <person>Blackmun</person> appear fighting mad .


The four justices are no newcomers to dissent , often joining forces in the past decade to criticize the court 's conservative drift .

The <cardinal>four</cardinal> justices are no newcomers to dissent , often joining forces in <date>the past decade</date> to criticize the court 's conservative drift .


But always , in years past , they have bucked the trend and have been able to pick up a fifth vote to eke out a number of major victories in civil rights and liberties cases .

But always , in <date>years past</date> , they have bucked the trend and have been able to pick up a <ordinal>fifth</ordinal> vote to eke out a number of major victories in civil rights and liberties cases .


Now , however , as the court 's new five - member conservative majority continues to solidify , victories for the liberals are rare .

Now , however , as the court 's new <cardinal>five</cardinal> - member conservative majority continues to solidify , victories for the liberals are rare .


The change is most dramatic for Justice Brennan , the last survivor of the mid-1960s liberal majority under Chief Justice Earl Warren .

The change is most dramatic for Justice <person>Brennan</person> , the last survivor of the <date>mid-1960s</date> liberal majority under Chief Justice <person>Earl Warren</person> .


In the seven Supreme Court terms from the fall of 1962 through the spring of 1967 , the height of the Warren Court 's power , Justice Brennan cast only 25 dissenting votes in 555 cases decided by the court .

In the <cardinal>seven</cardinal> <org>Supreme Court</org> terms <date>from the fall of 1962 through the spring of 1967</date> , the height of the <person>Warren</person> Court 's power , Justice <person>Brennan</person> cast <cardinal>only 25</cardinal> dissenting votes in <cardinal>555</cardinal> cases decided by the court .


Last term alone he cast 52 dissenting votes in 133 decisions , with the contentious flag - burning ruling as his only big victory .

<date>Last term</date> alone he cast <cardinal>52</cardinal> dissenting votes in <cardinal>133</cardinal> decisions , with the contentious flag - burning ruling as his only big victory .


But Justice Brennan foresaw his new role , strongly defending the importance of dissents in a 1985 speech .

But Justice <person>Brennan</person> foresaw his new role , strongly defending the importance of dissents in a <date>1985</date> speech .


`` Each time the court revisits an issue , the justices will be forced by a dissent to reconsider the fundamental questions and to rethink the result , '' he said .


Moreover , in recent months he has said that when he was on the winning side in the 1960s , he knew that the tables might turn in the future .

Moreover , in <date>recent months</date> he has said that when he was on the winning side in <date>the 1960s</date> , he knew that the tables might turn in the future .


He has said that he now knows how Justice John Harlan felt , a reference to the late conservative justice who was the most frequent dissenter from the Warren Court 's opinions .

He has said that he now knows how Justice <person>John Harlan</person> felt , a reference to the late conservative justice who was the most frequent dissenter from the <person>Warren</person> Court 's opinions .


Associates of 81 - year - old Justice Marshall say he was `` depressed '' about the court 's direction last spring , but is feisty about his role and determined to speak out against the court 's cutbacks in civil rights .

Associates of <date>81 - year - old</date> Justice <person>Marshall</person> say he was `` depressed '' about the court 's direction <date>last spring</date> , but is feisty about his role and determined to speak out against the court 's cutbacks in civil rights .


`` We could sweep it under the rug and hide it , but I 'm not going to do it , '' he said in a speech last month .

`` We could sweep it under the rug and hide it , but I 'm not going to do it , '' he said in a speech <date>last month</date> .


He , like Justice Brennan , considers dissents highly important for the future , a point that has n't escaped legal scholars .

He , like Justice <person>Brennan</person> , considers dissents highly important for the future , a point that has n't escaped legal scholars .


Harvard Law School Professor Laurence Tribe says there is a `` generation - skipping '' flavor to current dissents .

<org>Harvard Law School</org> Professor <person>Laurence Tribe</person> says there is a `` generation - skipping '' flavor to current dissents .


The dissenters in the Warren Court , he says , appeared to be writing for the short - term , suggesting that the court 's direction might change soon .

The dissenters in the <person>Warren</person> Court , he says , appeared to be writing for the short - term , suggesting that the court 's direction might change soon .


`` Brennan and Marshall are speaking in their dissents to a more distant future , '' he says .

`` <person>Brennan</person> and <person>Marshall</person> are speaking in their dissents to a more distant future , '' he says .


Justice Blackmun , who will turn 81 next month , also seems feisty about his new role .

Justice <person>Blackmun</person> , who will turn <date>81</date> <date>next month</date> , also seems feisty about his new role .


Associates say he takes some defeats more personally than his colleagues , especially attempts to curtail the right to abortion first recognized in his 1973 opinion , Roe vs. Wade .

Associates say he takes some defeats more personally than his colleagues , especially attempts to curtail the right to abortion <ordinal>first</ordinal> recognized in his <date>1973</date> opinion , <person>Roe</person> vs. <person>Wade</person> .


Friends and associates who saw Justice Blackmun during the summer said he was no more discouraged about the court than in recent years .

Friends and associates who saw Justice <person>Blackmun</person> during <date>the summer</date> said he was no more discouraged about the court than in <date>recent years</date> .


And his outlook improved after successful cataract surgery in August .

And his outlook improved after successful cataract surgery in <date>August</date> .


But his level of frustration showed in a recent , impassioned speech to a group of hundreds of lawyers in Chicago .

But his level of frustration showed in a recent , impassioned speech to a group of <cardinal>hundreds</cardinal> of lawyers in <gpe>Chicago</gpe> .


He concluded his remarks by quoting , emotionally and at some length , according to those present , the late Martin Luther King 's famous `` I Have a Dream '' speech from the 1963 March on Washington .

He concluded his remarks by quoting , emotionally and at some length , according to those present , the late <person>Martin Luther King</person> 's famous `` <work_of_art>I Have a Dream</work_of_art> '' speech from the <date>1963</date> <event>March on Washington</event> .


Justice Stevens , 69 , is probably the most philosophical of the dissenters about his role , in part because he may be the least liberal of the four , but also because he enjoys the intellectual challenge of arguing with the majority more than the others .

Justice <person>Stevens</person> , <date>69</date> , is probably the most philosophical of the dissenters about his role , in part because he may be the least liberal of the <cardinal>four</cardinal> , but also because he enjoys the intellectual challenge of arguing with the majority more than the others .


If the role these four dissenters are assuming is a familiar one in modern Supreme Court history , it also differs in an important way from recent history , court watchers say .

If the role these <cardinal>four</cardinal> dissenters are assuming is a familiar <cardinal>one</cardinal> in modern <org>Supreme Court</org> history , it also differs in an important way from recent history , court watchers say .


`` The dissenters of the Warren Court were often defending a legal legacy that they inherited , '' says Prof. A.E. Dick Howard of the University of Virginia Law School , `` but the dissenters today are defending a legacy that they created .

`` The dissenters of the <person>Warren</person> Court were often defending a legal legacy that they inherited , '' says Prof. <person>A.E. Dick Howard</person> of <org>the University of Virginia Law School</org> , `` but the dissenters <date>today</date> are defending a legacy that they created .


The government sold the deposits of four savings - and - loan institutions , in its first wave of sales of big , sick thrifts , but low bids prevented the sale of a fifth .

The government sold the deposits of <cardinal>four</cardinal> savings - and - loan institutions , in its first wave of sales of big , sick thrifts , but low bids prevented the sale of a <ordinal>fifth</ordinal> .


The four S&Ls were sold to large banks , as was the case with most of the 28 previous transactions initiated by the Resolution Trust Corp. since it was created in the S&L bailout legislation two months ago .

The <cardinal>four</cardinal> S&Ls were sold to large banks , as was the case with most of the <cardinal>28</cardinal> previous transactions initiated by <org>the Resolution Trust Corp.</org> since it was created in the S&L bailout legislation <date>two months ago</date> .


Two of the four big thrifts were sold to NCNB Corp. , Charlotte , N.C. , which has aggressively expanded its markets , particularly in Texas and Florida .

<cardinal>Two</cardinal> of the <cardinal>four</cardinal> big thrifts were sold to <org>NCNB Corp.</org> , <gpe>Charlotte</gpe> , <gpe>N.C.</gpe> , which has aggressively expanded its markets , particularly in <gpe>Texas</gpe> and <gpe>Florida</gpe> .


A Canadian bank bought another thrift , in the first RTC transaction with a foreign bank .

A <norp>Canadian</norp> bank bought another thrift , in the first <org>RTC</org> transaction with a foreign bank .


Under these deals , the RTC sells just the deposits and the healthy assets .

Under these deals , the <org>RTC</org> sells just the deposits and the healthy assets .


These `` clean - bank '' transactions leave the bulk of bad assets , mostly real estate , with the government , to be sold later .


In these four , for instance , the RTC is stuck with $ 4.51 billion in bad assets .

In these <cardinal>four</cardinal> , for instance , the <org>RTC</org> is stuck with <money>$ 4.51 billion</money> in bad assets .


Acquirers paid premiums ranging from 1.5 % to 3.7 % for the deposits and branch systems , roughly in line with what analysts were expecting .

Acquirers paid premiums ranging from <percent>1.5 % to 3.7 %</percent> for the deposits and branch systems , roughly in line with what analysts were expecting .


The buyers will also be locked into deposit rates for just two weeks , as has been the case with previous deals .

The buyers will also be locked into deposit rates for just <date>two weeks</date> , as has been the case with previous deals .


After that , the buyers may repudiate the rates paid by the former thrifts .


But it 's uncertain whether these institutions will take those steps .


NCNB , for example , has been one of the highest rate payers in the Texas market , and in Florida , rates are especially sensitive in retirement communities .

<org>NCNB</org> , for example , has been one of the highest rate payers in the <gpe>Texas</gpe> market , and in <gpe>Florida</gpe> , rates are especially sensitive in retirement communities .


The RTC had previously targeted five thrifts for quick sales in order to spend cash by certain budgetary deadlines , but the delays illustrate the tough chore facing the agency .

The <org>RTC</org> had previously targeted <cardinal>five</cardinal> thrifts for quick sales in order to spend cash by certain budgetary deadlines , but the delays illustrate the tough chore facing the agency .


`` These thrifts are beached whales , '' said Bert Ely , an industry consultant based in Alexandria , Va .

`` These thrifts are beached whales , '' said <person>Bert Ely</person> , an industry consultant based in <gpe>Alexandria</gpe> , <gpe>Va</gpe> .


For example , the delay in selling People 's Heritage Savings , Salina , Kan. , with $ 1.7 billion in assets , has forced the RTC to consider selling off the thrift branch - by - branch , instead of as a whole institution .

For example , the delay in selling <org>People 's Heritage Savings</org> , <gpe>Salina</gpe> , <gpe>Kan.</gpe> , with <money>$ 1.7 billion</money> in assets , has forced the <org>RTC</org> to consider selling off the thrift branch - by - branch , instead of as a whole institution .


NCNB continued its foray into the Florida and Texas markets .

<org>NCNB</org> continued its foray into the <gpe>Florida</gpe> and <gpe>Texas</gpe> markets .


NCNB will acquire University Federal Savings Association , Houston , which had assets of $ 2.8 billion .

<org>NCNB</org> will acquire <org>University Federal Savings Association</org> , <gpe>Houston</gpe> , which had assets of <money>$ 2.8 billion</money> .


NCNB Texas National Bank will pay the RTC a premium of $ 129 million for $ 3.5 billion in deposits .

<org>NCNB Texas National Bank</org> will pay the <org>RTC</org> a premium of <money>$ 129 million</money> for <money>$ 3.5 billion</money> in deposits .


As a measure of the depths to which the Texas real estate market has sunk , the RTC will pay $ 3.8 billion to NCNB to take $ 750 million of bad assets .

As a measure of the depths to which the <gpe>Texas</gpe> real estate market has sunk , the <org>RTC</org> will pay <money>$ 3.8 billion</money> to <org>NCNB</org> to take <money>$ 750 million</money> of bad assets .


NCNB also acquired Freedom Savings & Loan Association , Tampa , Fla. , which had total assets of $ 900 million .

<org>NCNB</org> also acquired <org>Freedom Savings & Loan Association</org> , <gpe>Tampa</gpe> , <gpe>Fla.</gpe> , which had total assets of <money>$ 900 million</money> .


NCNB will pay the RTC a premium of $ 40.4 million for $ 1.1 billion in deposits .

<org>NCNB</org> will pay the <org>RTC</org> a premium of <money>$ 40.4 million</money> for <money>$ 1.1 billion</money> in deposits .


NCNB will also acquire $ 266 million of Freedom 's assets from the RTC , which will require $ 875 million in assistance .

<org>NCNB</org> will also acquire <money>$ 266 million</money> of <org>Freedom</org> 's assets from the <org>RTC</org> , which will require <money>$ 875 million</money> in assistance .


Meridian Bancorp Inc. , Reading , Pa. , will acquire Hill Financial Savings Association , Red Hill , Pa. , which had $ 2.3 billion in assets .

<org>Meridian Bancorp Inc.</org> , <gpe>Reading</gpe> , <gpe>Pa.</gpe> , will acquire <org>Hill Financial Savings Association</org> , <gpe>Red Hill</gpe> , <gpe>Pa.</gpe> , which had <money>$ 2.3 billion</money> in assets .


Meridian will pay a premium of $ 30.5 million to assume $ 2 billion in deposits .

<org>Meridian</org> will pay a premium of <money>$ 30.5 million</money> to assume <money>$ 2 billion</money> in deposits .


It will also purchase $ 845 million of the thrift 's assets , with $ 1.9 billion in RTC assistance .

It will also purchase <money>$ 845 million</money> of the thrift 's assets , with <money>$ 1.9 billion</money> in <org>RTC</org> assistance .


In the first RTC transaction with a foreign buyer , Royal Trustco Ltd. , Toronto , will acquire Pacific Savings Bank , Costa Mesa , Calif. , which had $ 949 million in assets .

In the first <org>RTC</org> transaction with a foreign buyer , <org>Royal Trustco Ltd.</org> , <gpe>Toronto</gpe> , will acquire <org>Pacific Savings Bank</org> , <gpe>Costa Mesa</gpe> , <gpe>Calif.</gpe> , which had <money>$ 949 million</money> in assets .


Royal Trustco will pay the RTC $ 25 million to assume $ 989 million in deposits .

<org>Royal Trustco</org> will pay the <org>RTC</org> <money>$ 25 million</money> to assume <money>$ 989 million</money> in deposits .


It will also purchase $ 473 million in assets , and receive $ 550 million in assistance from the RTC .

It will also purchase <money>$ 473 million</money> in assets , and receive <money>$ 550 million</money> in assistance from the <org>RTC</org> .


The following issues were recently filed with the Securities and Exchange Commission :

The following issues were recently filed with <org>the Securities and Exchange Commission</org> :


American Cyanamid Co. , offering of 1,250,000 common shares , via Merrill Lynch Capital Markets .

<org>American Cyanamid Co.</org> , offering of <cardinal>1,250,000</cardinal> common shares , via <org>Merrill Lynch Capital Markets</org> .


Limited Inc. , offering of up to $ 300 million of debt securities and warrants .

<org>Limited Inc.</org> , offering of <money>up to $ 300 million</money> of debt securities and warrants .


Nuveen California Performance Plus Municipal Fund Inc. , initial offering of five million common shares , via Alex . Brown & Sons Inc. , John Nuveen & Co. , Prudential - Bache Capital Funding , and Bateman Eichler , Hill Richards .

<org>Nuveen California Performance Plus Municipal Fund Inc.</org> , initial offering of <cardinal>five million</cardinal> common shares , via <org>Alex . Brown & Sons Inc.</org> , <org>John Nuveen & Co.</org> , <org>Prudential - Bache Capital Funding</org> , and <org>Bateman Eichler , Hill Richards</org> .


PacifiCare Health Systems Inc. , proposed offering of 1.5 million common shares , of which 700,000 shares will be offered by PacifiCare and 800,000 shares by UniHealth America Inc . -LRB- PacifiCare 's 71 % -RRB- , via Dillon , Read & Co. Inc. , Goldman , Sachs & Co. and Dean Witter Reynolds Inc .

<org>PacifiCare Health Systems Inc.</org> , proposed offering of <cardinal>1.5 million</cardinal> common shares , of which <cardinal>700,000</cardinal> shares will be offered by <org>PacifiCare</org> and <cardinal>800,000</cardinal> shares by <org>UniHealth America Inc .</org> -LRB- <org>PacifiCare</org> 's <percent>71 %</percent> -RRB- , via <org>Dillon , Read & Co. Inc.</org> , <org>Goldman , Sachs & Co.</org> and <org>Dean Witter Reynolds Inc</org> .


Pricor Inc. , offering of one million new shares of common stock and 300,000 shares by holders , via Drexel Burnham Lambert Inc. and J.C. Bradford & Co .

<org>Pricor Inc.</org> , offering of <cardinal>one million</cardinal> new shares of common stock and <cardinal>300,000</cardinal> shares by holders , via <org>Drexel Burnham Lambert Inc.</org> and <org>J.C. Bradford & Co</org> .


Trans World Airlines Inc. , offering of $ 150 million senior notes , via Drexel Burnham .

<org>Trans World Airlines Inc.</org> , offering of <money>$ 150 million</money> senior notes , via <org>Drexel Burnham</org> .


Time magazine , in a move to reduce the costs of wooing new subscribers , is lowering its circulation guarantee to advertisers for the second consecutive year , increasing its subscription rates and cutting back on merchandise giveaways .

<org>Time</org> magazine , in a move to reduce the costs of wooing new subscribers , is lowering its circulation guarantee to advertisers for <date>the second consecutive year</date> , increasing its subscription rates and cutting back on merchandise giveaways .


In an announcement to its staff last week , executives at Time Warner Inc. 's weekly magazine said Time will `` dramatically de-emphasize '' its use of electronic giveaways such as telephones in television subscription drives ; cut the circulation it guarantees advertisers by 300,000 , to four million ; and increase the cost of its annual subscription rate by about $ 4 to $ 55 .

In an announcement to its staff <date>last week</date> , executives at <org>Time Warner Inc. 's</org> <date>weekly</date> magazine said <org>Time</org> will `` dramatically de-emphasize '' its use of electronic giveaways such as telephones in television subscription drives ; cut the circulation it guarantees advertisers by <cardinal>300,000</cardinal> , to <cardinal>four million</cardinal> ; and increase the cost of its <date>annual</date> subscription rate by <money>about $ 4 to $ 55</money> .


In a related development , the news - weekly , for the fourth year in a row , said it wo n't increase its advertising rates in 1990 ; a full , four - color page in the magazine costs about $ 120,000 .

In a related development , the news - weekly , for <date>the fourth year</date> in a row , said it wo n't increase its advertising rates in <date>1990</date> ; a full , <cardinal>four</cardinal> - color page in the magazine costs <money>about $ 120,000</money> .


However , because the guaranteed circulation base is being lowered , ad rates will be effectively 7.5 % higher per subscriber , according to Richard Heinemann , Time associate publisher .

However , because the guaranteed circulation base is being lowered , ad rates will be effectively <percent>7.5 %</percent> higher per subscriber , according to <person>Richard Heinemann</person> , <org>Time</org> associate publisher .


Time is following the course of some other mass - circulation magazines that in recent years have challenged the publishing myth that maintaining artificially high , and expensive , circulations is the way to draw advertisers .

<org>Time</org> is following the course of some other mass - circulation magazines that in <date>recent years</date> have challenged the publishing myth that maintaining artificially high , and expensive , circulations is the way to draw advertisers .


In recent years , Reader 's Digest , New York Times Co. 's McCall 's , and most recently News Corp. 's TV Guide , have cut their massive circulation rate bases to eliminate marginal circulation and hold down rates for advertisers .

In <date>recent years</date> , <org>Reader 's Digest</org> , <org>New York Times Co. 's</org> <org>McCall</org> 's , and most recently <org>News Corp. 's</org> <org>TV Guide</org> , have cut their massive circulation rate bases to eliminate marginal circulation and hold down rates for advertisers .


Deep discounts in subscriptions and offers of free clock radios and watches have become accepted forms of attracting new subscribers in the hyper-competitive world of magazine news - weeklies .


But Time , as part of the more cost - conscious Time Warner , wants to wean itself away from expensive gimmicks .

But <org>Time</org> , as part of the more cost - conscious <org>Time Warner</org> , wants to wean itself away from expensive gimmicks .


Besides , Time executives think selling a news magazine with a clock radio is tacky .

Besides , <org>Time</org> executives think selling a news magazine with a clock radio is tacky .


`` Giveaways just give people the wrong image , '' said Mr. Heinemann .

`` Giveaways just give people the wrong image , '' said Mr. <person>Heinemann</person> .


`` That perception takes the focus off the magazine . ''


Time magazine executives predictably paint the circulation cut as a show of strength and actually a benefit to advertisers .

<org>Time</org> magazine executives predictably paint the circulation cut as a show of strength and actually a benefit to advertisers .


`` What we are doing is screening out the readers who are only casually related to the magazine and do n't really read it , '' said Mr. Heinemann .

`` What we are doing is screening out the readers who are only casually related to the magazine and do n't really read it , '' said Mr. <person>Heinemann</person> .


`` We are trying to create quality and involvement . ''


However , Time executives used the same explanation when in October 1988 the magazine cut its guaranteed circulation from 4.6 million to 4.3 million .

However , <org>Time</org> executives used the same explanation when in <date>October 1988</date> the magazine cut its guaranteed circulation from <cardinal>4.6 million</cardinal> to <cardinal>4.3 million</cardinal> .


And Time 's paid circulation , according to Audit Bureau of Circulations , dropped 7.3 % to 4,393,237 in the six months ended June 30 , 1989 .

And <org>Time</org> 's paid circulation , according to <org>Audit Bureau of Circulations</org> , dropped <percent>7.3 %</percent> to <cardinal>4,393,237</cardinal> in <date>the six months ended June 30 , 1989</date> .


Still , Time 's move is being received well , once again .

Still , <org>Time</org> 's move is being received well , once again .


`` It 's terrific for advertisers to know the reader will be paying more , '' said Michael Drexler , national media director at Bozell Inc. ad agency .

`` It 's terrific for advertisers to know the reader will be paying more , '' said <person>Michael Drexler</person> , national media director at <org>Bozell Inc.</org> ad agency .


`` A few drops in circulation are of no consequence .


It 's not a show of weakness ; they are improving the quality of circulation while insuring their profits . ''


Mr. Heinemann said the changes represent a new focus in the magazine industry : a magazine 's net revenue per subscriber , or the actual revenue from subscribers after discounts and the cost of premiums have been stripped away .

Mr. <person>Heinemann</person> said the changes represent a new focus in the magazine industry : a magazine 's net revenue per subscriber , or the actual revenue from subscribers after discounts and the cost of premiums have been stripped away .


`` The question is how much are we getting from each reader , '' said Mr. Heinemann .

`` The question is how much are we getting from each reader , '' said Mr. <person>Heinemann</person> .


Time 's rivals news - weeklies , Washington Post Co. 's Newsweek and U.S. News & World Report , are less reliant on electronic giveaways , and in recent years both have been increasing their circulation rate bases .

<org>Time</org> 's rivals news - weeklies , <org>Washington Post Co. 's</org> <org>Newsweek</org> and <org>U.S. News & World Report</org> , are less reliant on electronic giveaways , and in <date>recent years</date> both have been increasing their circulation rate bases .


Both magazines are expected to announce their ad rates and circulation levels for 1990 within a month .

Both magazines are expected to announce their ad rates and circulation levels for <date>1990</date> within <date>a month</date> .


When the news broke of an attempted coup in Panama two weeks ago , Sen. Christopher Dodd called the State Department for a briefing .

When the news broke of an attempted coup in <gpe>Panama</gpe> <date>two weeks ago</date> , Sen. <person>Christopher Dodd</person> called <org>the State Department</org> for a briefing .


`` They said , ` follow CNN , ' '' he told reporters .

`` They said , ` follow <org>CNN</org> , ' '' he told reporters .


That shows how far Ted Turner 's Cable News Network has come since its birth nine years ago , when it was considered the laughingstock of television news .

That shows how far <person>Ted Turner 's</person> <org>Cable News Network</org> has come since its birth <date>nine years ago</date> , when it was considered the laughingstock of television news .


It is bigger , faster and more profitable than the news divisions of any of the three major broadcast networks .

It is bigger , faster and more profitable than the news divisions of any of the <cardinal>three</cardinal> major broadcast networks .


Its niche as the `` network of record '' during major crises draws elite audiences around the world .


But for all its success , CNN has hit a plateau .

But for all its success , <org>CNN</org> has hit a plateau .


Although viewership soars when big news breaks , it ebbs during periods of calm .


CNN executives worry that the network 's punchy but repetitive news format may be getting stale and wo n't keep viewers coming back as the alternatives multiply for news and information on cable - TV .

<org>CNN</org> executives worry that the network 's punchy but repetitive news format may be getting stale and wo n't keep viewers coming back as the alternatives multiply for news and information on cable - TV .


`` Just the fact we 're on 24 hours is no longer bulletin , '' says Ed Turner , CNN 's executive vice president , news gathering -LRB- and no relation to Ted Turner -RRB- .

`` Just the fact we 're on <time>24 hours</time> is no longer bulletin , '' says <person>Ed Turner</person> , <org>CNN</org> 's executive vice president , news gathering -LRB- and no relation to <person>Ted Turner</person> -RRB- .


`` You ca n't live on that . ''


So CNN , a unit of Atlanta - based Turner Broadcasting System Inc. , is trying to reposition itself as a primary channel , or what people in the television industry call a `` top of mind '' network .

So <org>CNN</org> , a unit of <gpe>Atlanta</gpe> - based <org>Turner Broadcasting System Inc.</org> , is trying to reposition itself as a primary channel , or what people in the television industry call a `` top of mind '' network .


Tonight , to kick off the effort , CNN will premiere its first prime - time newscast in years , an hourlong show at 6 p.m . Eastern time to air head - to - head against the network newscasts .

<time>Tonight</time> , to kick off the effort , <org>CNN</org> will premiere its <ordinal>first</ordinal> prime - time newscast in <date>years</date> , an <time>hourlong</time> show at <time>6 p.m . Eastern time</time> to air head - to - head against the network newscasts .


The show will be co-anchored by Bernard Shaw and Catherine Crier , a 34 - year - old former Texas judge and campus beauty queen who has never held a job in television or journalism .

The show will be co-anchored by <person>Bernard Shaw</person> and <person>Catherine Crier</person> , a <date>34 - year - old</date> former <gpe>Texas</gpe> judge and campus beauty queen who has never held a job in television or journalism .


The new show is perhaps the boldest in a number of steps the network is taking to build audience loyalty by shifting away from its current format toward more full - length `` signature '' programming with recognizable stars .


To distinguish itself , CNN is also expanding international coverage and adding a second global - news program .

To distinguish itself , <org>CNN</org> is also expanding international coverage and adding a <ordinal>second</ordinal> global - news program .


It is paying higher salaries -- after years of scrimping -- to lure and keep experienced staffers .

It is paying higher salaries -- after <date>years</date> of scrimping -- to lure and keep experienced staffers .


And it is embarking on an expensive gamble to break major stories with a large investigative - reporting team .


`` The next stage is to get beyond the opinion leaders who use us as a point of reference to become a point of reference at ordinary dinner tables , '' says Jon Petrovich , executive vice president of Headline News , CNN 's sister network .

`` The next stage is to get beyond the opinion leaders who use us as a point of reference to become a point of reference at ordinary dinner tables , '' says <person>Jon Petrovich</person> , executive vice president of <org>Headline News</org> , <org>CNN</org> 's sister network .


But that wo n't be easy .


Networks , like other consumer products , develop images in peoples ' minds that are n't easy to change .


It also takes money that CNN has been reluctant to spend to make programs and hire talent that viewers will tune in specially to see .

It also takes money that <org>CNN</org> has been reluctant to spend to make programs and hire talent that viewers will tune in specially to see .


And the cable - TV operators -- CNN 's distributors and part owners -- like things just the way they are .

And the cable - TV operators -- <org>CNN</org> 's distributors and part owners -- like things just the way they are .


The repositioning bid is aimed at CNN 's unsteady viewership -- and what may happen to it as the cable - TV news market grows more competitive .

The repositioning bid is aimed at <org>CNN</org> 's unsteady viewership -- and what may happen to it as the cable - TV news market grows more competitive .


Already , CNN is facing stronger competition from Financial News Network Inc. and General Electric Co. 's Consumer News and Business Channel , both of which are likely to pursue more general news in the future .

Already , <org>CNN</org> is facing stronger competition from <org>Financial News Network Inc.</org> and <org>General Electric Co. 's</org> <org>Consumer News</org> and <org>Business Channel</org> , both of which are likely to pursue more general news in the future .


In addition , many cable - TV systems themselves are airing more local and regional news programs produced by local broadcast stations .


CNN wants to change its viewers ' habits .

<org>CNN</org> wants to change its viewers ' habits .


Its watchers are , on the whole , a disloyal group of channel - zapping `` grazers '' and news junkies , who spend an average of just 26 minutes a day watching CNN , according to audience research .

Its watchers are , on the whole , a disloyal group of channel - zapping `` grazers '' and news junkies , who spend an average of <time>just 26 minutes</time> a day watching <org>CNN</org> , according to audience research .


That 's less than one - third the time that viewers watch the major broadcast networks .

That 's <cardinal>less than one - third</cardinal> the time that viewers watch the major broadcast networks .


The brief attention viewers give CNN could put it at a disadvantage as ratings data , and advertising , become more important to cable - TV channels .

The brief attention viewers give <org>CNN</org> could put it at a disadvantage as ratings data , and advertising , become more important to cable - TV channels .


CNN 's viewer habits have been molded by its format .

<org>CNN</org> 's viewer habits have been molded by its format .


Its strategy in the past has been to serve as a TV wire service .


It focused on building up its news bureaus around the world , so as events took place it could go live quicker and longer than other networks .


It filled its daily schedule with newscasts called `` Daybreak , '' `` Daywatch , '' `` Newsday , '' and `` Newsnight , '' but the shows varied little in content , personality or look .

It filled its <date>daily</date> schedule with newscasts called `` <work_of_art>Daybreak</work_of_art> , '' `` <work_of_art>Daywatch</work_of_art> , '' `` <work_of_art>Newsday</work_of_art> , '' and `` <work_of_art>Newsnight</work_of_art> , '' but the shows varied little in content , personality or look .


Now , the push is on for more - distinctive shows .


`` Our goal is to create more programs with an individual identity , '' says Paul Amos , CNN executive vice president for programming .

`` Our goal is to create more programs with an individual identity , '' says <person>Paul Amos</person> , <org>CNN</org> executive vice president for programming .


Accordingly , CNN is adding a world - affairs show in the morning because surveys show its global - news hour in the afternoon is among its most `` differentiated '' programs in viewers ' minds , says Mr. Amos .

Accordingly , <org>CNN</org> is adding a world - affairs show in <time>the morning</time> because surveys show <time>its global - news hour</time> in <time>the afternoon</time> is among its most `` differentiated '' programs in viewers ' minds , says Mr. <person>Amos</person> .


And it is exploring other original programs , similar to its `` Larry King Live '' and `` Crossfire '' talk shows , which executives hope will keep people tuned in .

And it is exploring other original programs , similar to its `` <work_of_art>Larry King Live</work_of_art> '' and `` <work_of_art>Crossfire</work_of_art> '' talk shows , which executives hope will keep people tuned in .


Then there 's `` The World Today , '' the prime - time newscast featuring Mr. Shaw and Ms. Crier .

Then there 's `` <work_of_art>The World Today</work_of_art> , '' the prime - time newscast featuring Mr. <person>Shaw</person> and Ms. <person>Crier</person> .


Until now , CNN has featured its Hollywood gossip show during the key evening period .

Until now , <org>CNN</org> has featured its <gpe>Hollywood</gpe> gossip show during the key <time>evening</time> period .


But 70 % of the cable - television - equipped households that watch news do so between 6:30 p.m. and 7 p.m. , the network discovered , so CNN wants in .

But <percent>70 %</percent> of the cable - television - equipped households that watch news do so <time>between 6:30 p.m. and 7 p.m.</time> , the network discovered , so <org>CNN</org> wants in .


Mr. Amos says the Shaw - Crier team will probably do two live interviews a day , with most of the program , at least for now , appearing similar to CNN 's other newcasts .

Mr. <person>Amos</person> says the <person>Shaw</person> - Crier team will probably do <cardinal>two</cardinal> live interviews a day , with most of the program , at least for now , appearing similar to <org>CNN</org> 's other newcasts .


Some in the industry are skeptical .


`` I find it hard to conceive of people switching over to CNN for what , at least in the public 's mind , is the same news , '' says Reuven Frank , the former two - time president of NBC News and creator of the Huntley - Brinkley Report .

`` I find it hard to conceive of people switching over to <org>CNN</org> for what , at least in the public 's mind , is the same news , '' says <person>Reuven Frank</person> , the former <cardinal>two</cardinal> - time president of <org>NBC News</org> and creator of <work_of_art>the Huntley - Brinkley Report</work_of_art> .


The evening news is also slated as CNN 's stage for its big push into investigative journalism .

The <time>evening</time> news is also slated as <org>CNN</org> 's stage for its big push into investigative journalism .


In August , the network hired award - winning producer Pamela Hill , the former head of news specials at ABC .

In <date>August</date> , the network hired award - winning producer <person>Pamela Hill</person> , the former head of news specials at <org>ABC</org> .


She 's assembling a staff of about 35 investigative reporters who will produce weekly , in - depth segments , with an eye toward breaking big stories .

She 's assembling a staff of <cardinal>about 35</cardinal> investigative reporters who will produce <date>weekly</date> , in - depth segments , with an eye toward breaking big stories .


CNN executives hope the headlines created by such scoops will generate excitement for its `` branded '' programs , in the way `` 60 Minutes '' did so well for CBS .

<org>CNN</org> executives hope the headlines created by such scoops will generate excitement for its `` branded '' programs , in the way `` <work_of_art>60 Minutes</work_of_art> '' did so well for <org>CBS</org> .


That 's such a departure from the past that many in the industry are skeptical CNN will follow through with its investigative commitment , especially after it sees the cost of producing in - depth pieces .

That 's such a departure from the past that many in the industry are skeptical <org>CNN</org> will follow through with its investigative commitment , especially after it sees the cost of producing in - depth pieces .


`` They 've never shown any inclination to spend money on production , '' says Michael Mosettig , a senior producer with MacNeil - Lehrer NewsHour , who notes that CNN is indispensable to his job .

`` They 've never shown any inclination to spend money on production , '' says <person>Michael Mosettig</person> , a senior producer with <work_of_art>MacNeil - Lehrer NewsHour</work_of_art> , who notes that <org>CNN</org> is indispensable to his job .


The network 's salaries have always ranged far below industry standards , resulting in a less - experienced work force .


CNN recently gave most employees raises of as much as 15 % , but they 're still drastically underpaid compared with the networks .

<org>CNN</org> recently gave most employees raises of <percent>as much as 15 %</percent> , but they 're still drastically underpaid compared with the networks .


Says Mr. Mosettig : `` CNN is my wire service ; they 're on top of everything .

Says Mr. <person>Mosettig</person> : `` <org>CNN</org> is my wire service ; they 're on top of everything .


But to improve , they 've really got to make the investment in people . ''


In any case , cable - TV - system operators have reason to fear any tinkering with CNN 's format .

In any case , cable - TV - system operators have reason to fear any tinkering with <org>CNN</org> 's format .


They market cable - TV on the very grazing opportunities CNN seeks to discourage .

They market cable - TV on the very grazing opportunities <org>CNN</org> seeks to discourage .


`` We would obviously be upset if those kinds of services evolved into more general - interest , long - format programming , '' says Robert Stengel , senior vice president , programming , of Continental Cablevision Inc. , which holds a 2 % stake in Turner Broadcasting .

`` We would obviously be upset if those kinds of services evolved into more general - interest , long - format programming , '' says <person>Robert Stengel</person> , senior vice president , programming , of <org>Continental Cablevision Inc.</org> , which holds a <percent>2 %</percent> stake in <org>Turner Broadcasting</org> .


The Second U.S. Circuit Court of Appeals opinion in the Arcadian Phosphate case did not repudiate the position Pennzoil Co. took in its dispute with Texaco , contrary to your Sept. 8 article `` Court Backs Texaco 's View in Pennzoil Case -- Too Late . ''

The <org>Second U.S. Circuit Court of Appeals</org> opinion in the <org>Arcadian Phosphate</org> case did not repudiate the position <org>Pennzoil Co.</org> took in its dispute with <org>Texaco</org> , contrary to your <date>Sept. 8</date> article `` <work_of_art>Court Backs Texaco 's View in Pennzoil Case -- Too Late</work_of_art> . ''


The fundamental rule of contract law applied to both cases was that courts will not enforce agreements to which the parties did not intend to be bound .


In the Pennzoil / Texaco litigation , the courts found Pennzoil and Getty Oil intended to be bound ; in Arcadian Phosphates they found there was no intention to be bound .

In the <org>Pennzoil</org> / Texaco litigation , the courts found <org>Pennzoil</org> and <org>Getty Oil</org> intended to be bound ; in <org>Arcadian Phosphates</org> they found there was no intention to be bound .


Admittedly , the principle in the cases is the same .


But the outcome of a legal dispute almost always turns on the facts .


And the facts , as found by the various courts in these two lawsuits , were different .

And the facts , as found by the various courts in these <cardinal>two</cardinal> lawsuits , were different .


When you suggest otherwise , you leave the realm of reporting and enter the orbit of speculation .


Charles F. Vihon


Valley Federal Savings & Loan Association said Imperial Corp. of America withdrew from regulators its application to buy five Valley Federal branches , leaving the transaction in limbo .

<org>Valley Federal Savings & Loan Association</org> said <org>Imperial Corp. of America</org> withdrew from regulators its application to buy <cardinal>five</cardinal> <org>Valley Federal</org> branches , leaving the transaction in limbo .


The broken purchase appears as additional evidence of trouble at Imperial Corp. , whose spokesman said the company withdrew its application from the federal Office of Thrift Supervision because of an informal notice that Imperial 's thrift unit failed to meet Community Reinvestment Act requirements .

The broken purchase appears as additional evidence of trouble at <org>Imperial Corp.</org> , whose spokesman said the company withdrew its application from the federal <org>Office of Thrift Supervision</org> because of an informal notice that <org>Imperial</org> 's thrift unit failed to meet <law>Community Reinvestment Act</law> requirements .


The Community Reinvestment Act requires savings and loan associations to lend money in amounts related to areas where deposits are received .

<law>The Community Reinvestment Act</law> requires savings and loan associations to lend money in amounts related to areas where deposits are received .


The transaction , announced in August , included about $ 146 million in deposits at the five outlets in California 's San Joaquin Valley .

The transaction , announced in <date>August</date> , included <money>about $ 146 million</money> in deposits at the <cardinal>five</cardinal> outlets in <gpe>California</gpe> 's <loc>San Joaquin Valley</loc> .


Terms were n't disclosed , but Valley Federal had said it expected to post a modest pretax gain and to save about $ 2 million in operating costs annually .

Terms were n't disclosed , but <org>Valley Federal</org> had said it expected to post a modest pretax gain and to save <money>about $ 2 million</money> in operating costs <date>annually</date> .


Valley Federal said Friday that it is considering whether to seek another buyer for the branches or to pursue the transaction with Imperial Corp. , which said it is attempting to meet Community Reinvestment Act requirements .

<org>Valley Federal</org> said <date>Friday</date> that it is considering whether to seek another buyer for the branches or to pursue the transaction with <org>Imperial Corp.</org> , which said it is attempting to meet <law>Community Reinvestment Act</law> requirements .


Valley Federal , with assets of $ 3.3 billion , is based in Van Nuys .

<org>Valley Federal</org> , with assets of <money>$ 3.3 billion</money> , is based in <gpe>Van Nuys</gpe> .


Imperial Corp. , based in San Diego , is the parent of Imperial Savings & Loan .

<org>Imperial Corp.</org> , based in <gpe>San Diego</gpe> , is the parent of <org>Imperial Savings & Loan</org> .


In the first six months of the year it posted a net loss of $ 33.1 million .

In <date>the first six months of the year</date> it posted a net loss of <money>$ 33.1 million</money> .


Call it the `` we 're too broke to fight '' defense .


Lawyers for dozens of insolvent savings and loan associations are trying a new tack in their efforts to defuse suits filed by borrowers , developers and creditors .

Lawyers for <cardinal>dozens</cardinal> of insolvent savings and loan associations are trying a new tack in their efforts to defuse suits filed by borrowers , developers and creditors .


The thrifts ' lawyers claim that the suits , numbering 700 to 1,000 in Texas alone , should be dismissed as moot because neither the S&Ls nor the extinct Federal Savings and Loan Insurance Corp. has the money to pay judgments .

The thrifts ' lawyers claim that the suits , numbering <cardinal>700 to 1,000</cardinal> in <gpe>Texas</gpe> alone , should be dismissed as moot because neither the S&Ls nor the extinct <org>Federal Savings and Loan Insurance Corp.</org> has the money to pay judgments .


Though the argument may have a common - sense ring to it , even the S&L lawyers concede there 's little precedent to back their position .


Still , one federal appeals court has signaled it 's willing to entertain the notion , and the lawyers have renewed their arguments in Texas and eight other states where the defense is permitted under state law .

Still , <cardinal>one</cardinal> federal appeals court has signaled it 's willing to entertain the notion , and the lawyers have renewed their arguments in <gpe>Texas</gpe> and <cardinal>eight</cardinal> other states where the defense is permitted under state law .


The dismissal of the pending suits could go a long way toward clearing court dockets in Texas and reducing the FSLIC 's massive legal bills , which topped $ 73 million last year .

The dismissal of the pending suits could go a long way toward clearing court dockets in <gpe>Texas</gpe> and reducing the <org>FSLIC</org> 's massive legal bills , which topped <money>$ 73 million</money> <date>last year</date> .


The S&L lawyers were encouraged last month by an appellate - court ruling in two cases brought against defunct Sunbelt Savings & Loan Association of Dallas by the developers of the Valley Ranch , best known as the training center for the Dallas Cowboys football team .

The S&L lawyers were encouraged <date>last month</date> by an appellate - court ruling in <cardinal>two</cardinal> cases brought against defunct <org>Sunbelt Savings & Loan Association</org> of <gpe>Dallas</gpe> by the developers of <fac>the Valley Ranch</fac> , best known as the training center for the <org>Dallas Cowboys</org> football team .


Sunbelt foreclosed on the ranch .

<org>Sunbelt</org> foreclosed on the ranch .


Sunbelt and the FSLIC argued to the Fifth U.S. Circuit Court of Appeals `` that there will never be any assets with which to satisfy a judgment against Sunbelt Savings nor any means to collect from any other party , including FSLIC . ''

<org>Sunbelt</org> and the <org>FSLIC</org> argued to <org>the Fifth U.S. Circuit Court of Appeals</org> `` that there will never be any assets with which to satisfy a judgment against <org>Sunbelt Savings</org> nor any means to collect from any other party , including <org>FSLIC</org> . ''


`` If true , '' the court wrote , `` this contention would justify dismissal of these actions on prudential grounds . ''


But the court said it lacked enough financial information about Sunbelt and the FSLIC and sent the cases back to federal district court in Dallas .

But the court said it lacked enough financial information about <org>Sunbelt</org> and the <org>FSLIC</org> and sent the cases back to federal district court in <gpe>Dallas</gpe> .


Charles Haworth , a lawyer for Sunbelt , says he plans to file a brief this week urging the district judge to dismiss the suits , because Sunbelt 's liabilities exceeded its assets by about $ 2 billion when federal regulators closed it in August 1988 .

<person>Charles Haworth</person> , a lawyer for <org>Sunbelt</org> , says he plans to file a brief <date>this week</date> urging the district judge to dismiss the suits , because <org>Sunbelt</org> 's liabilities exceeded its assets by <money>about $ 2 billion</money> when federal regulators closed it in <date>August 1988</date> .


`` This institution is just brain dead , '' says Mr. Haworth , a partner in the Dallas office of Andrews & Kurth , a Houston law firm .

`` This institution is just brain dead , '' says Mr. <person>Haworth</person> , a partner in the <gpe>Dallas</gpe> office of <org>Andrews & Kurth</org> , a <gpe>Houston</gpe> law firm .


But a lawyer for Triland Investment Group , the developer of Valley Ranch , dismisses such arguments as a `` defense du jour . ''

But a lawyer for <org>Triland Investment Group</org> , the developer of <fac>Valley Ranch</fac> , dismisses such arguments as a `` defense du jour . ''


Attorney Richard Jackson of Dallas says a judgment for Triland could be satisfied in ways other than a monetary award , including the reversal of Sunbelt 's foreclosure on Valley Ranch .

Attorney <person>Richard Jackson</person> of <gpe>Dallas</gpe> says a judgment for <org>Triland</org> could be satisfied in ways other than a monetary award , including the reversal of <org>Sunbelt</org> 's foreclosure on <fac>Valley Ranch</fac> .


`` We 're asking the court for a number of things he can grant in addition to the thrill of victory , '' he says .


`` We 'd take the Valley Ranch free and clear as a booby prize .

`` We 'd take <fac>the Valley Ranch</fac> free and clear as a booby prize .


Kenneth J. Thygerson , who was named president of this thrift holding company in August , resigned , citing personal reasons .

<person>Kenneth J. Thygerson</person> , who was named president of this thrift holding company in <date>August</date> , resigned , citing personal reasons .


Mr. Thygerson said he had planned to travel between the job in Denver and his San Diego home , but has found the commute too difficult to continue .

Mr. <person>Thygerson</person> said he had planned to travel between the job in <gpe>Denver</gpe> and his <gpe>San Diego</gpe> home , but has found the commute too difficult to continue .


A new president was n't named .


SOUTH AFRICA FREED the ANC 's Sisulu and seven other political prisoners .

<gpe>SOUTH AFRICA</gpe> FREED the <org>ANC</org> 's <person>Sisulu</person> and <cardinal>seven</cardinal> other political prisoners .


Thousands of supporters , many brandishing flags of the outlawed African National Congress , gave the anti-apartheid activists a tumultuous reception upon their return to black townships across the country .

<cardinal>Thousands</cardinal> of supporters , many brandishing flags of the outlawed <org>African National Congress</org> , gave the anti-apartheid activists a tumultuous reception upon their return to black townships across the country .


Most of those freed had spent at least 25 years in prison .

Most of those freed had spent <date>at least 25 years</date> in prison .


The 77 - year - old Sisulu , sentenced to life in 1964 along with black nationalist Nelson Mandela for plotting to overthrow the government , said equality for blacks in South Africa was in reach .

The <date>77 - year - old</date> <person>Sisulu</person> , sentenced to life in <date>1964</date> along with black nationalist <person>Nelson Mandela</person> for plotting to overthrow the government , said equality for blacks in <gpe>South Africa</gpe> was in reach .


The releases , announced last week by President de Klerk , were viewed as Pretoria 's tacit legalization of the ANC .

The releases , announced <date>last week</date> by President <person>de Klerk</person> , were viewed as <gpe>Pretoria</gpe> 's tacit legalization of the <org>ANC</org> .


Mandela , considered the most prominent leader of the ANC , remains in prison .

<person>Mandela</person> , considered the most prominent leader of the <org>ANC</org> , remains in prison .


But his release within the next few months is widely expected .

But his release within <date>the next few months</date> is widely expected .


The Soviet Union reported that thousands of tons of goods needed to ease widespread shortages across the nation were piled up at ports and rail depots , and food shipments were rotting because of a lack of people and equipment to move the cargo .

<gpe>The Soviet Union</gpe> reported that <quantity>thousands of tons</quantity> of goods needed to ease widespread shortages across the nation were piled up at ports and rail depots , and food shipments were rotting because of a lack of people and equipment to move the cargo .


Strikes and mismanagement were cited , and Premier Ryzhkov warned of `` tough measures . ''

Strikes and mismanagement were cited , and Premier <person>Ryzhkov</person> warned of `` tough measures . ''


Bush indicated there might be `` room for flexibility '' in a bill to allow federal funding of abortions for poor women who are vicitims of rape and incest .

<person>Bush</person> indicated there might be `` room for flexibility '' in a bill to allow federal funding of abortions for poor women who are vicitims of rape and incest .


He reiterated his opposition to such funding , but expressed hope of a compromise .


The president , at a news conference Friday , also renewed a call for the ouster of Panama 's Noriega .

The president , at a news conference <date>Friday</date> , also renewed a call for the ouster of <gpe>Panama</gpe> 's <person>Noriega</person> .


The White House said minors have n't any right to abortion without the consent of their parents .

<org>The White House</org> said minors have n't any right to abortion without the consent of their parents .


The administration 's policy was stated in a friend - of - the - court brief urging the Supreme Court to give states more leeway to restrict abortions .

The administration 's policy was stated in a friend - of - the - court brief urging <org>the Supreme Court</org> to give states more leeway to restrict abortions .


Ten of the nation 's governors , meanwhile , called on the justices to reject efforts to limit abortions .

<cardinal>Ten</cardinal> of the nation 's governors , meanwhile , called on the justices to reject efforts to limit abortions .


The Justice Department announced that the FBI has been given the authority to seize U.S. fugitives overseas without the permission of foreign governments .

<org>The Justice Department</org> announced that the <org>FBI</org> has been given the authority to seize <gpe>U.S.</gpe> fugitives overseas without the permission of foreign governments .


Secretary of State Baker emphasized Friday that the new policy would n't be invoked by the Bush administration without full consideration of foreign - policy implications .

Secretary of <org>State</org> <person>Baker</person> emphasized <date>Friday</date> that the new policy would n't be invoked by the <person>Bush</person> administration without full consideration of foreign - policy implications .


NASA pronounced the space shuttle Atlantis ready for launch tomorrow following a five - day postponement of the flight because of a faulty engine computer .

<org>NASA</org> pronounced the space shuttle <product>Atlantis</product> ready for launch <date>tomorrow</date> following a <date>five - day</date> postponement of the flight because of a faulty engine computer .


The device was replaced .


The spacecraft 's five astronauts are to dispatch the Galileo space probe on an exploration mission to Jupiter .

The spacecraft 's <cardinal>five</cardinal> astronauts are to dispatch the <product>Galileo</product> space probe on an exploration mission to <loc>Jupiter</loc> .


South Korea 's President Roh traveled to the U.S. for a five - day visit that is expected to focus on ties between Washington and Seoul .

<gpe>South Korea 's</gpe> President <person>Roh</person> traveled to the <gpe>U.S.</gpe> for a <date>five - day</date> visit that is expected to focus on ties between <gpe>Washington</gpe> and <gpe>Seoul</gpe> .


Roh , who is facing calls for the reduction of U.S. military forces in South Korea , is to meet with Bush tomorrow and is to address a joint session of Congress on Wednesday .

<person>Roh</person> , who is facing calls for the reduction of <gpe>U.S.</gpe> military forces in <gpe>South Korea</gpe> , is to meet with <person>Bush</person> <date>tomorrow</date> and is to address a joint session of <org>Congress</org> on <date>Wednesday</date> .


China 's Communist leadership voted to purge the party of `` hostile and anti-party elements '' and wealthy private businessmen , whom they called exploiters .

<gpe>China</gpe> 's <norp>Communist</norp> leadership voted to purge the party of `` hostile and anti-party elements '' and wealthy private businessmen , whom they called exploiters .


The decision , reported by the official Xinhua News Agency , indicated that the crackdown prompted by student - led pro-democracy protests in June is intensifying .

The decision , reported by the official <org>Xinhua News Agency</org> , indicated that the crackdown prompted by student - led pro-democracy protests in <date>June</date> is intensifying .


Hundreds of East Germans flocked to Bonn 's Embassy in Warsaw , bringing to more than 1,200 the number of emigres expected to flee to the West beginning today .

<cardinal>Hundreds</cardinal> of <norp>East Germans</norp> flocked to <gpe>Bonn</gpe> 's <org>Embassy</org> in <gpe>Warsaw</gpe> , bringing to <cardinal>more than 1,200</cardinal> the number of emigres expected to flee to the West beginning <date>today</date> .


More than 2,100 others escaped to West Germany through Hungary over the Weekend .

<cardinal>More than 2,100</cardinal> others escaped to <gpe>West Germany</gpe> through <gpe>Hungary</gpe> over <date>the Weekend</date> .


In Leipzig , activists vowed to continue street protests to demand internal change .

In <gpe>Leipzig</gpe> , activists vowed to continue street protests to demand internal change .


Zaire 's President Mobutu met in southern France with Angolan rebel leader Savimbi and a senior U.S. envoy in a bid to revive an accord to end Angola 's civil war .

<gpe>Zaire</gpe> 's President <person>Mobutu</person> met in southern <gpe>France</gpe> with <norp>Angolan</norp> rebel leader <person>Savimbi</person> and a senior <gpe>U.S.</gpe> envoy in a bid to revive an accord to end <gpe>Angola</gpe> 's civil war .


Details of the talks , described by a Zairean official as `` very delicate , '' were n't disclosed .

Details of the talks , described by a <norp>Zairean</norp> official as `` very delicate , '' were n't disclosed .


PLO leader Arafat insisted on guarantees that any elections in the Israeli - occupied territories would be impartial .

<org>PLO</org> leader <person>Arafat</person> insisted on guarantees that any elections in the <norp>Israeli</norp> - occupied territories would be impartial .


He made his remarks to a PLO gathering in Baghdad .

He made his remarks to a <org>PLO</org> gathering in <gpe>Baghdad</gpe> .


In the occupied lands , underground leaders of the Arab uprising rejected a U.S. plan to arrange Israeli - Palestinian talks as Shamir opposed holding such discussions in Cairo .

In the occupied lands , underground leaders of the <norp>Arab</norp> uprising rejected a <gpe>U.S.</gpe> plan to arrange <norp>Israeli</norp> - Palestinian talks as <person>Shamir</person> opposed holding such discussions in <gpe>Cairo</gpe> .


Lebanese Christian lawmakers presented to Arab mediators at talks in Saudi Arabia proposals for a new timetable for the withdrawal of Syria 's forces from Lebanon .

<norp>Lebanese</norp> <norp>Christian</norp> lawmakers presented to <norp>Arab</norp> mediators at talks in <gpe>Saudi Arabia</gpe> proposals for a new timetable for the withdrawal of <gpe>Syria</gpe> 's forces from <gpe>Lebanon</gpe> .


A plan currently under study gives Damascus two years to pull back to eastern Lebanon , starting from the time Beirut 's legislature increases political power for Moslems .

A plan currently under study gives <gpe>Damascus</gpe> <date>two years</date> to pull back to eastern <gpe>Lebanon</gpe> , starting from the time <gpe>Beirut</gpe> 's legislature increases political power for <norp>Moslems</norp> .


Hurricane Jerry threatened to combine with the highest tides of the year to swamp the Texas - Louisiana coast .

<event>Hurricane Jerry</event> threatened to combine with the highest tides of <date>the year</date> to swamp the <gpe>Texas</gpe> - Louisiana coast .


Thousands of residents of low - lying areas were ordered to evacuate as the storm headed north in the Gulf of Mexico with 80 mph winds .

<cardinal>Thousands</cardinal> of residents of low - lying areas were ordered to evacuate as the storm headed north in <loc>the Gulf of Mexico</loc> with <quantity>80 mph</quantity> winds .


A group of Arby 's franchisees said they formed an association to oppose Miami Beach financier Victor Posner 's control of the restaurant chain .

A group of <org>Arby 's</org> franchisees said they formed an association to oppose <gpe>Miami Beach</gpe> financier <person>Victor Posner</person> 's control of the restaurant chain .


The decision is the latest move in an escalating battle between the franchisees and Mr. Posner that began in August .

The decision is the latest move in an escalating battle between the franchisees and Mr. <person>Posner</person> that began in <date>August</date> .


At the time , a group called R.B. Partners Ltd. , consisting of eight of Arby 's largest franchisees , offered more than $ 200 million to buy Arby 's Inc. , which is part of DWG Corp .

At the time , a group called <org>R.B. Partners Ltd.</org> , consisting of <cardinal>eight</cardinal> of <org>Arby 's</org> largest franchisees , offered <money>more than $ 200 million</money> to buy <org>Arby 's Inc.</org> , which is part of <org>DWG Corp</org> .


DWG is a holding company controlled by Mr. Posner .

<org>DWG</org> is a holding company controlled by Mr. <person>Posner</person> .


One week later , Leonard H. Roberts , president and chief executive officer of Arby 's , was fired in a dispute with Mr. Posner .

<date>One week later</date> , <person>Leonard H. Roberts</person> , president and chief executive officer of <org>Arby 's</org> , was fired in a dispute with Mr. <person>Posner</person> .


Friday , 42 franchisees announced the formation of an association -- called A.P. Association Inc. -- to `` preserve the integrity of the Arby 's system . ''

<date>Friday</date> , <cardinal>42</cardinal> franchisees announced the formation of an association -- called <org>A.P. Association Inc.</org> -- to `` preserve the integrity of the <org>Arby</org> 's system . ''


The franchisees , owners or operators of 1,000 of the 1,900 franchised Arby 's in the U.S. , said : `` We have concluded that continued control of Arby 's by Victor Posner is totally unacceptable to us , because it is extremely likely to cause irreparable damage to the Arby 's system .

The franchisees , owners or operators of <cardinal>1,000</cardinal> of the <cardinal>1,900</cardinal> franchised <org>Arby</org> 's in the <gpe>U.S.</gpe> , said : `` We have concluded that continued control of <org>Arby 's</org> by <person>Victor Posner</person> is totally unacceptable to us , because it is extremely likely to cause irreparable damage to the <org>Arby</org> 's system .


We support all efforts to remove Victor Posner from control of Arby 's Inc. and the Arby 's system . ''

We support all efforts to remove <person>Victor Posner</person> from control of <org>Arby 's Inc.</org> and the <org>Arby</org> 's system . ''


The group said it would consider , among other things , withholding royalty payments and initiating a class - action lawsuit seeking court approval for the withholdings .


In Florida , Renee Mottram , a senior vice president at DWG , responded : `` We do n't think any individual or group should disrupt a winning system or illegally interfere with existing contractual relationships for their own self - serving motives .

In <gpe>Florida</gpe> , <person>Renee Mottram</person> , a senior vice president at <org>DWG</org> , responded : `` We do n't think any individual or group should disrupt a winning system or illegally interfere with existing contractual relationships for their own self - serving motives .


September 's steep rise in producer prices shows that inflation still persists , and the pessimism over interest rates caused by the new price data contributed to the stock market 's plunge Friday .

<date>September</date> 's steep rise in producer prices shows that inflation still persists , and the pessimism over interest rates caused by the new price data contributed to the stock market 's plunge <date>Friday</date> .


After falling for three consecutive months , the producer price index for finished goods shot up 0.9 % last month , the Labor Department reported Friday , as energy prices jumped after tumbling through the summer .

After falling for <date>three consecutive months</date> , the producer price index for finished goods shot up <percent>0.9 %</percent> <date>last month</date> , <org>the Labor Department</org> reported <date>Friday</date> , as energy prices jumped after tumbling through <date>the summer</date> .


Although the report , which was released before the stock market opened , did n't trigger the 190.58 - point drop in the Dow Jones Industrial Average , analysts said it did play a role in the market 's decline .

Although the report , which was released before the stock market opened , did n't trigger the <cardinal>190.58</cardinal> - point drop in the Dow Jones Industrial Average , analysts said it did play a role in the market 's decline .


Analysts immediately viewed the price data , the grimmest inflation news in months , as evidence that the Federal Reserve was unlikely to allow interest rates to fall as many investors had hoped .

Analysts immediately viewed the price data , the grimmest inflation news in <date>months</date> , as evidence that <org>the Federal Reserve</org> was unlikely to allow interest rates to fall as many investors had hoped .


Further fueling the belief that pressures in the economy were sufficient to keep the Fed from easing credit , the Commerce Department reported Friday that retail sales grew 0.5 % in September , to $ 145.21 billion .

Further fueling the belief that pressures in the economy were sufficient to keep the <org>Fed</org> from easing credit , <org>the Commerce Department</org> reported <date>Friday</date> that retail sales grew <percent>0.5 %</percent> in <date>September</date> , to <money>$ 145.21 billion</money> .


That rise came on top of a 0.7 % gain in August , and suggested there is still healthy consumer demand in the economy .

That rise came on top of a <percent>0.7 %</percent> gain in <date>August</date> , and suggested there is still healthy consumer demand in the economy .


`` I think the Friday report , combined with the actions of the Fed , weakened the belief that there was going to be an imminent easing of monetary policy , '' said Robert Dederick , chief economist at Northern Trust Co. in Chicago .

`` I think the <date>Friday</date> report , combined with the actions of the <org>Fed</org> , weakened the belief that there was going to be an imminent easing of monetary policy , '' said <person>Robert Dederick</person> , chief economist at <org>Northern Trust Co.</org> in <gpe>Chicago</gpe> .


But economists were divided over the extent of the inflation threat signaled by the new numbers .


`` The overall 0.9 % increase is serious in itself , but what is even worse is that excluding food and energy , the producer price index still increased by 0.7 % , '' said Gordon Richards , an economist at the National Association of Manufacturers .

`` The overall <percent>0.9 %</percent> increase is serious in itself , but what is even worse is that excluding food and energy , the producer price index still increased by <percent>0.7 %</percent> , '' said <person>Gordon Richards</person> , an economist at <org>the National Association of Manufacturers</org> .


But Sung Won Sohn , chief economist at Norwest Corp. in Minneapolis , blamed rising energy prices and the annual autumn increase in car prices for most of the September jump .

But <person>Sung Won Sohn</person> , chief economist at <org>Norwest Corp.</org> in <gpe>Minneapolis</gpe> , blamed rising energy prices and the <date>annual</date> <date>autumn</date> increase in car prices for most of the <date>September</date> jump .


`` I would say this is not bad news ; this is a blip , '' he said .


`` The core rate is not really out of line . ''


All year , energy prices have skewed the producer price index , which measures changes in the prices producers receive for goods .

<date>All year</date> , energy prices have skewed the producer price index , which measures changes in the prices producers receive for goods .


Inflation unquestionably has fallen back from its torrid pace last winter , when a steep run - up in world oil prices sent the index surging at double - digit annual rates .

Inflation unquestionably has fallen back from its torrid pace <date>last winter</date> , when a steep run - up in world oil prices sent the index surging at double - digit <date>annual</date> rates .


Energy prices then plummeted through the summer , causing the index to decline for three consecutive months .

Energy prices then plummeted through <date>the summer</date> , causing the index to decline for <date>three consecutive months</date> .


Overall , the index has climbed at a 5.1 % compound annual rate since the start of the year , the Labor Department said .

Overall , the index has climbed at a <percent>5.1 %</percent> compound <date>annual</date> rate since <date>the start of the year</date> , <org>the Labor Department</org> said .


While far more restrained than the pace at the beginning of the year , that is still a steeper rise than the 4.0 % increase for all of 1988 .

While far more restrained than the pace <date>at the beginning of the year</date> , that is still a steeper rise than the <percent>4.0 %</percent> increase for all of <date>1988</date> .


Moreover , this year 's good inflation news may have ended last month , when energy prices zoomed up 6.5 % after plunging 7.3 % in August .

Moreover , this <date>year</date> 's good inflation news may have ended <date>last month</date> , when energy prices zoomed up <percent>6.5 %</percent> after plunging <percent>7.3 %</percent> in <date>August</date> .


Some analysts expect oil prices to remain relatively stable in the months ahead , leaving the future pace of inflation uncertain .

Some analysts expect oil prices to remain relatively stable in <date>the months ahead</date> , leaving the future pace of inflation uncertain .


Analysts had expected that the climb in oil prices last month would lead to a substantial rise in the producer price index , but the 0.9 % climb was higher than most anticipated .

Analysts had expected that the climb in oil prices <date>last month</date> would lead to a substantial rise in the producer price index , but the <percent>0.9 %</percent> climb was higher than most anticipated .


`` I think the resurgence -LCB- in inflation -RCB- is going to continue for a few months , '' said John Mueller , chief economist at Bell Mueller Cannon , a Washington economic forecasting firm .

`` I think the resurgence -LCB- in inflation -RCB- is going to continue for <date>a few months</date> , '' said <person>John Mueller</person> , chief economist at <org>Bell Mueller Cannon</org> , a <gpe>Washington</gpe> economic forecasting firm .


He predicted that inflation will moderate next year , saying that credit conditions are fairly tight world - wide .

He predicted that inflation will moderate <date>next year</date> , saying that credit conditions are fairly tight world - wide .


But Dirk Van Dongen , president of the National Association of Wholesaler - Distributors , said that last month 's rise `` is n't as bad an omen '' as the 0.9 % figure suggests .

But <person>Dirk Van Dongen</person> , president of <org>the National Association of Wholesaler - Distributors</org> , said that <date>last month 's</date> rise `` is n't as bad an omen '' as the <percent>0.9 %</percent> figure suggests .


`` If you examine the data carefully , the increase is concentrated in energy and motor vehicle prices , rather than being a broad - based advance in the prices of consumer and industrial goods , '' he explained .


Passenger car prices jumped 3.8 % in September , after climbing 0.5 % in August and declining in the late spring and summer .

Passenger car prices jumped <percent>3.8 %</percent> in <date>September</date> , after climbing <percent>0.5 %</percent> in <date>August</date> and declining in the <date>late spring</date> and <date>summer</date> .


Many analysts said the September increase was a one - time event , coming as dealers introduced their 1990 models .

Many analysts said the <date>September</date> increase was a <cardinal>one</cardinal> - time event , coming as dealers introduced their <date>1990</date> models .


Although all the price data were adjusted for normal seasonal fluctuations , car prices rose beyond the customary autumn increase .

Although all the price data were adjusted for normal seasonal fluctuations , car prices rose beyond the customary <date>autumn</date> increase .


Prices for capital equipment rose a hefty 1.1 % in September , while prices for home electronic equipment fell 1.1 % .

Prices for capital equipment rose a hefty <percent>1.1 %</percent> in <date>September</date> , while prices for home electronic equipment fell <percent>1.1 %</percent> .


Food prices declined 0.6 % , after climbing 0.3 % in August .

Food prices declined <percent>0.6 %</percent> , after climbing <percent>0.3 %</percent> in <date>August</date> .


Meanwhile , the retail sales report showed that car sales rose 0.8 % in September to $ 32.82 billion .

Meanwhile , the retail sales report showed that car sales rose <percent>0.8 %</percent> in <date>September</date> to <money>$ 32.82 billion</money> .


But at least part of the increase could have come from higher prices , analysts said .


Sales at general merchandise stores rose 1.7 % after declining 0.6 % in August , while sales of building materials fell 1.8 % after rising 1.7 % .

Sales at general merchandise stores rose <percent>1.7 %</percent> after declining <percent>0.6 %</percent> in <date>August</date> , while sales of building materials fell <percent>1.8 %</percent> after rising <percent>1.7 %</percent> .


Producer prices for intermediate goods grew 0.4 % in September , after dropping for three consecutive months .

Producer prices for intermediate goods grew <percent>0.4 %</percent> in <date>September</date> , after dropping for <date>three consecutive months</date> .


Prices for crude goods , an array of raw materials , jumped 1.1 % after declining 1.9 % in August and edging up 0.2 % in July .

Prices for crude goods , an array of raw materials , jumped <percent>1.1 %</percent> after declining <percent>1.9 %</percent> in <date>August</date> and edging up <percent>0.2 %</percent> in <date>July</date> .


Here are the Labor Department 's producer price indexes -LRB- 1982 = 100 -RRB- for September , before seasonal adjustment , and the percentage changes from September , 1988 .

Here are <org>the Labor Department 's</org> producer price indexes -LRB- <date>1982</date> = <cardinal>100</cardinal> -RRB- for <date>September</date> , before seasonal adjustment , and the percentage changes from <date>September</date> , <date>1988</date> .


On a recent Saturday night , in the midst of West Germany 's most popular prime - time show , a contestant bet the host that she could name any of 100 different cheeses after just one nibble , while blindfolded .

On a recent <date>Saturday</date> <time>night</time> , in the midst of <gpe>West Germany 's</gpe> most popular prime - time show , a contestant bet the host that she could name any of <cardinal>100</cardinal> different cheeses after just <cardinal>one</cardinal> nibble , while blindfolded .


The woman won the bet .


But perhaps even more remarkable , the three - hour - show , `` Wetten Dass '' -LRB- Make a Bet -RRB- , regularly wins the top slot in the country 's TV ratings , sometimes drawing as many as 50 % of West German households .

But perhaps even more remarkable , the <time>three - hour</time> - show , `` <work_of_art>Wetten Dass</work_of_art> '' -LRB- <work_of_art>Make a Bet</work_of_art> -RRB- , regularly wins the top slot in the country 's TV ratings , sometimes drawing <percent>as many as 50 %</percent> of <norp>West German</norp> households .


As the 1992 economic integration approaches , Europe 's cultural curators have taken to the ramparts against American `` cultural imperialism , '' threatening to impose quotas against such pop invaders as `` Dallas , '' `` Miami Vice '' and `` L.A. Law . ''

As the <date>1992</date> economic integration approaches , <loc>Europe</loc> 's cultural curators have taken to the ramparts against <norp>American</norp> `` cultural imperialism , '' threatening to impose quotas against such pop invaders as `` <work_of_art>Dallas</work_of_art> , '' `` <work_of_art>Miami Vice</work_of_art> '' and `` <work_of_art>L.A. Law</work_of_art> . ''


But much of what the Europeans want to protect seems every bit as cheesy as what they are trying to keep out .

But much of what the <norp>Europeans</norp> want to protect seems every bit as cheesy as what they are trying to keep out .


The most militant opposition to American TV imports has come from French television and movie producers , who have demanded quotas ensuring that a full 60 % of Europe 's TV shows be produced in Europe .

The most militant opposition to <norp>American</norp> TV imports has come from <norp>French</norp> television and movie producers , who have demanded quotas ensuring that <percent>a full 60 %</percent> of <loc>Europe</loc> 's TV shows be produced in <loc>Europe</loc> .


So far , the French have failed to win enough broad - based support to prevail .

So far , the <norp>French</norp> have failed to win enough broad - based support to prevail .


A glance through the television listings and a few twists of the European television dial suggest one reason why .

A glance through the television listings and a few twists of the <norp>European</norp> television dial suggest <cardinal>one</cardinal> reason why .


While there are some popular action and drama series , few boast the high culture and classy production values one might expect .