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a good measurement of the popularity of <unk> <unk> like <unk> is circulation
when mr. korotich took it over in N it sold N copies today it sells N million
pravda meanwhile has retained only N N of its N <unk>
glasnost has made <unk> of men like mr. korotich
prevented by the communist party from getting on its slate of <unk> for the new supreme soviet he stood as an independent candidate for congress from his native <unk> and won with N N of the vote
the same evening that he was summoned for a warning from the party he was cheered by thousands of his supporters at a rally of what can only be called the korotich party
but as <unk> as the changes that have already occurred are there is a <unk> to glasnost
censorship is n't a marxist <unk>
the <unk> were no civil <unk>
as late as the <unk> the russian government prevented any coverage of <unk>
it even directed newspapers not to publish anything that might <unk> the honor of the <unk> <unk> 's wives
so glasnost is not a value <unk> with steel <unk> into the fabric of russian society
it is an <unk> public relations program initiated by a single political leader during a four-year <unk> of history
it is public relations of the highest <unk> that recognizes that credibility is enhanced by honesty up to a point
what is that point
will <unk> begin a series of reports analyzing the failures of perestroika
i 'd be destroying myself replies mr. korotich who then asks what would that accomplish
his answer reveals his <unk> it also draws the line that soviet society must cross to enter the normal dialogue of western culture
it is the line beyond which the press can report not only on the bankruptcy of factories but on the failures of even <unk> leaders
mr. <unk> is editor and publisher of the <unk> ala. star
a state trial judge in illinois gave preliminary approval to a proposed settlement of a suit against a bank of new york co. unit irving trust co. over the interest rates on irving 's former one wall street account money-market deposit accounts
judge albert green in cook county circuit court in chicago also recognized the suit filed last may by robert and cynthia <unk> as a class action covering thousands of irving customers
the plaintiffs accused irving of paying less interest than promised in a marketing <unk>
irving maintained and still does that its actions were proper under its account agreements with customers
under the proposed settlement customers with valid claims to be submitted by dec. N will receive valuable bank services such as credit cards with reduced finance charges for two years
larry <unk> attorney for the plaintiffs valued the settlement at between $ N million and $ N million
a bank of new york spokesman in manhattan owen brady said that 's the maximum outside figure
federal reserve critics used to complain of stop and go monetary policies
they claimed that the fed would first give a green light to the economy by making credit readily available and then turn on the red and bring growth to a <unk> halt
but under alan greenspan that has changed
a <unk> cautious man the fed chairman is forever <unk> yellow
indeed his caution has become legendary within the government
he <unk> <unk> over economic statistics <unk> them in dozens of ways probing for hours in search of potential problems
after <unk> <unk> <unk> of information he often concludes that more data are needed and when he finally decides to act his movements sometimes seem <unk> small
such caution was evident after the recent friday-the-13th stock market plunge
some bush administration officials urged mr. greenspan to make an immediate public announcement of his plans to provide ample credit to the markets
but he refused claiming that he wanted to see what happened monday morning before making any public statement
mr. greenspan 's decision to keep quiet also prompted a <unk> within the fed 's ranks
a senior fed official spoke on saturday after the market <unk> to both the washington post and the new york times saying the fed was prepared to provide as much credit as the markets needed
the statement angered chairman greenspan but it was greeted with applause by the bush administration and the financial markets
and while the <unk> fed member has n't gone public some fed governors most notably vice chairman manuel johnson are known to have disagreed with the chairman 's decision to remain silent
ironically the <unk> official 's comments have earned some <unk> for mr. greenspan who is mistakenly seen as the source
at a hearing last week democratic sen. chris dodd of connecticut told treasury secretary nicholas brady that chairman greenspan 's announcement over the oct. N weekend was a very important statement
mr. brady <unk> replied that he was n't sure whether mr. greenspan made a statement himself or whether that was a newspaper report
the fed chairman 's caution was apparent again on the monday morning after the market 's plunge when the central bank took only modest steps to aid the markets
a surprisingly small amount of reserves was added to the banking system
and by the end of that week the key federal funds interest rate which is largely controlled by the fed had settled at N N barely changed from the level of just under N N that prevailed the previous week
bush administration officials appear increasingly concerned that mr. greenspan is cautious to a fault
signs of growing weakness in the economy <unk> with indications that inflation is staying well under control have caused them to wonder why the fed chairman is so <unk> in reducing rates
those concerns are n't expressed in public
in fact the administration and the fed have been going out of their way in the past two weeks to <unk> any impression that they are at odds <unk> stories about an <unk> split added to the stock market 's jitters
still the split is there
the administration 's concerns are <unk>
the economy is showing signs of weakness particularly among manufacturers
exports which played a key role in fueling growth over the last two years seem to have stalled
factory <unk> and production fell in september and the auto industry and housing are in a severe crunch
but mr. greenspan remains reluctant to loosen policy partly because he faces a <unk> of presidents of regional fed banks who oppose credit easing
in addition the chairman has a wary eye aimed a year or two down the road
inflation may be stable at the moment running at about N N
but if the fed <unk> too soon mr. greenspan fears prices may begin to accelerate again next year
moreover if the fed holds tight it may be able gradually to reduce inflation moving toward the <unk> goal that the fed chairman embraced in testimony to congress last week
so far mr. greenspan 's cautious approach to policy has served both him and the nation well
his hand on the monetary <unk> seems one reason why the economy next month seems highly likely to begin an unprecedented eighth year of <unk> growth without a recession
we 've gotten through two stock market crashes and we 've gone through an election without any major problems says david <unk> an economist of kemper financial services
i think you have to give greenspan a good rating
but such caution is no guarantee against mistakes
the fed 's reluctance to ease credit now could be laying the <unk> for a new recession perhaps starting early next year
if that happens chairman greenspan could well become an open target
already congress is <unk> with legislation to curb the fed 's independence
if the economy turns down such proposals could gain strong momentum
the following issues were recently filed with the securities and exchange commission
<unk> environmental inc. initial offering of N million shares of which <unk> will sell N and <unk> will sell N shares via oppenheimer & co
<unk> co. proposed offering of N common shares by holders via robert w. <unk> & co. and william blair & co
first capital holdings corp. proposed offering of $ N million of floating rate senior notes via shearson lehman hutton inc
industrial funding corp. initial offering of common stock via alex brown & sons inc. and <unk> <unk> & <unk>
<unk> technology corp. initial offering of N million common shares of which N shares will be sold by the company and N shares by holders via alex brown & sons hambrecht & quist and <unk> arnold & henderson
union camp corp. shelf offering of up to $ N million of debt securities
spencer j. <unk> president and chief operating officer of this consumer and industrial products company was elected a director
mr. <unk> N years old succeeds <unk> <unk> who retired in september
in an age of <unk> the federal judiciary is one of the last <unk> of the <unk>
a judge must jump from murder to antitrust cases from <unk> to securities fraud without missing a beat
but even on the federal bench <unk> is creeping in and it has become a subject of sharp controversy on the newest federal appeals court
the court of appeals for the federal circuit was created in N to serve among other things as the court of last resort for most patent disputes
previously patent cases moved through the court system to one of the N circuit appeals courts
there judges who saw few such cases and had no experience in the field <unk> with some of the most technical and complex disputes <unk>
a new specialty court was sought by patent experts who believed that the <unk> had <unk> too many important multimillion-dollar cases
some patent lawyers had hoped that such a specialty court would be filled with experts in the field
but the reagan administration thought otherwise and so may the bush administration
since N the president has filled four <unk> in the federal circuit court with <unk> lawyers
now only three of the N judges <unk> <unk> chief judge howard t. markey N and <unk> rich N have <unk> backgrounds
the latter two and judge daniel m. <unk> N are approaching senior status or retirement
three seats currently are vacant and three others are likely to be filled within a few years so patent lawyers and <unk> industries are making a new push for specialists to be added to the court
several organizations including the industrial <unk> association and the pharmaceutical manufacturers association have asked the white house and justice department to name candidates with both patent and scientific backgrounds
the associations would like the court to include between three and six judges with specialized training
some of the associations have recommended dr. alan d. <unk> N a former patent agent with a <unk> in organic chemistry who now is associate general counsel with <unk> <unk> corp. in philadelphia
dr. <unk> says the justice department interviewed him last july
their effort has received a <unk> response from the justice department
we do not feel that seats are reserved for patent lawyers says justice spokesman david runkel who declines to say how soon a candidate will be named
but we will take it into consideration
the justice department 's view is shared by other lawyers and at least one member of the court judge h. robert mayer a former civil <unk> who served at the claims court trial level before he was appointed to the federal circuit two years ago