Input: Sizable Jewish and African - American voting blocs.

Jewish

African - American


Input: Of the 10 largest states, Florida is the most Republican.

Florida

Republican


Input: The Republican governor here, Jeb Bush was once expected to deliver his brother this state.

Republican

Jeb Bush


Input: The managers of both campaigns saying in the end, the wipper may simply be determined by who gets more people to the voting booth.


Input: Kerry Sanders, NBC News, Anaheim.

Kerry Sanders

NBC News

Anaheim


Input: There was, of course, a team of attorneys on both sides of this live network coverage over the weekend of this trial going on in the courtroom in Florida, and, of course, among the teams of lawyers on the Bush side, one of the leaders, Ben Ginsberg, one of the lawyers who argued the case in Leon County Circuit Court.

the weekend

Florida

Bush

Ben Ginsberg

one

one

Leon County Circuit Court


Input: He's with us tonight, victorious in Tallahassee, Florida, and Ben, whatever the outcome today, and you were on the upside, you are forced now to go along with the appeals process as is the right of the Gore team.

tonight

Tallahassee

Florida

Ben

Gore

today


Input: What is your reaction to the work that will cause?


Input: Well, I mean, we're certainly prepared to brief all the issues.


Input: I think that the circuit court judge, Judge Sauls gave a very well reasoned and thorough, both legal and factual discussion of Florida law.

Sauls

Florida


Input: Well, let's talk about your statement earlier today that the Vice President -- I guess you were asked should the Vice President concede, and you answered, the Vice President should do what's best for the United States.

earlier today

the United States


Input: Is that what you're trying to say?


Input: Well, sure.


Input: I mean, I think that all the people involved in this unique situation, the first time a presidential election in our history has been contested, Brian, need to do the right thing, and I'm sure do the right thing, as they see fit.

first

Brian


Input: Do you think the judge there, in addition to just giving out his ruling at the end of the court session today, he went on beyond the basic issues and added reason upon reason for why he turned down the Gore case.

today

Gore


Input: Do you think his method there was to try to make this more or less appeal proof?


Input: Well, I think what he did was addressed the situation as it exists in Florida and addressed the contingencies that were raised in the voluminous briefs that he had, not only from the two party candidates involved, but also of the interveners who were in the case.

Florida

two


Input: As you know, the Democratic line throughout is they won't be happy until every vote is counted, and we couldn't help but notice, should we call it a rhetorical device you used when talking to reporters this afternoon.

Democratic

this afternoon


Input: Pause and listen along with us to the following piece of videotape.


Input: Those ballots have been counted not once on election night but twice in the recount and how many did you say there were?

election night


Input: 10,750 --


Input: If you know the exact number, doesn't that mean they've been counted?


Input: So I don't suppose that was any accident on your part?


Input: Well, they have been making this point throughout these proceedings that these ballots have never been counted, and that is factually not true.


Input: They have been counted on election night -- they've been counted in the recounts, and it simply happens to be not the case that those ballots have failed to be counted by anyone.

election night


Input: Ben, for better or worse, you are forced now to follow the Gore team as they take you on a kind of trail of appeal here.

Ben

Gore


Input: If you were asked to predict whether this stops at the Florida or U.S. Supreme Court, what would your prediction be?

Florida

U.S. Supreme Court


Input: I think it's one of those situations where I would have predicted all, Brian.

Brian


Input: I think that the decisions are not ours to make.


Input: We'll be involved in all the legal processes obviously as long as the Gore campaign keeps them up, no matter how long that takes.

Gore


Input: Ben Ginsberg, attorney for the Bush team, victorious today in Tallahassee.

Bush

today

Tallahassee


Input: Thank you very much, after a long day, for being with us tonight.

tonight


Input: Thanks, Brian.

Brian


Input: The head of the Palestinian Television and Radio has been shot dead in the Gaza Strip.

the Palestinian Television and Radio

the Gaza Strip


Input: Masked gunmen opened fire on Hisham Mekki at a hotel in Gaza City but the motive for the attack is unclear.

Hisham Mekki

Gaza City


Input: You're listening to BBC News.

BBC News


Input: The Israeli Prime Minister Ehud Barak is due to meet with Egypt's President Mubarak in Cairo on Thursday.

Israeli

Ehud Barak

Mubarak

Egypt

Cairo

Thursday


Input: The encounter is being seen as an effort by Barak to drum up regional support for a Middle East peace agreement based on President Clinton's proposals.

Barak

Clinton

Middle East


Input: They require Israel to relinquish sovereignty over most of Arab East Jerusalem and the Palestinians to scale back their demand for a return of refugees, but Palestinian chief negotiator Sayeb Erekat says more details are required before both sides can strike a deal.

Israel

East Jerusalem

Arab

Palestinians

Palestinian

Sayeb Erekat


Input: We have so many questions that we have ... so many points that need to be clarified.


Input: The most important thing is the clarity.


Input: The most important thing is that we focus on the travails of the peace process.


Input: Israeli settlers are worried that most of the settlements in the West Bank will be dismantled if an agreement is reached.

Israeli

the West Bank


Input: The spokeswoman for this Settlers' Council Yahudi Tayar says this is unacceptable.

this Settlers' Council

Yahudi Tayar


Input: We have a situation where instead of protecting the interests of the Jewish people, the Israeli Prime Minister is willing to forgo on all of the vital and important areas and not only our history, but the security of the future for the Jewish people in Israel.

Jewish

Israeli

Jewish

Israel


Input: More than 300 people have been killed in the West Bank and Gaza Strip since September.

More than 300

West Bank

Gaza Strip

September


Input: This is The World.

The World


Input: I am Lisa Mullins.

Lisa Mullins


Input: Both George W. Bush and Al Gore today continue to press their cases literally and figuratively.

George W. Bush

Al Gore

today


Input: Their PR machines seem to be functioning smoothly.


Input: Governor Bush's running mate Dick Cheney talked with reporters about the Republican transition plans, another signal that Bush is getting ready to become the next President of the United States.

Bush

Dick Cheney

Bush

Republican

the United States


Input: Meanwhile, Vice President Gore continued his appeal for patience while he contests Bush's claim to victory, and attorneys for both men were preparing for key court battles later in the week, which could settle the three - week dispute over who won Florida and the presidency.

Gore

Bush

the week

three - week

Florida


Input: The World's Clark Boyd has the latest.

World

Clark Boyd


Input: All eyes were on Florida yet again today as lawyers, judges, lawmakers and citizens, all picked at the knots that have tied up the conclusion of this presidential election for the past three weeks.

Florida

today

the past three weeks


Input: Yesterday in Leon County Circuit Court, Judge N. Sander Sauls set a Saturday deadline for a hearing on vote recounts and ordered the roughly 14000 contested ballots in Miami Dade and Palm Beach counties, not to mention a sample voting machine and voting booth, to be brought to Tallahassee under police escort.

Yesterday

Saturday

Leon County Circuit Court

N. Sander Sauls

roughly 14000

Miami Dade

Palm Beach

Tallahassee


Input: Today, as officials in both two counties ready the ballots for transport, George W. Bush's lawyers asked the judge to order all 1.16 million ballots from the two counties to be trucked to the state capital.

Today

two

1.16 million

two

George W. Bush's


Input: Late this afternoon, Judge Sauls granted that motion.

Late this afternoon

Sauls


Input: In Washington, Vice President Al Gore was back on television this morning trying to shore up public support for his legal cause.

Washington

Al Gore

this morning


Input: In a taped interview, for NBC's Today Show, Gore said despite all the legal maneuvering he is calling on both camps to put partisan politics aside.

NBC

Today Show

Gore


Input: I think that both Governor Bush and I should recognize an obligation during this time when the votes are still to be counted, to try to restrain the passions of our partisan supporters.

Bush


Input: Meanwhile, Bush's vice presidential candidate Dick Cheney was a busy man today.

Bush

Dick Cheney

today


Input: After a heart checkup at a Washington hospital he appeared at a news conference to say that he is pressing ahead with transition plans.

Washington


Input: We have now acquired office space in McClain, Virginia that will become the site for the transition operation that we announced two days ago, so we are just in a business of getting up and running, but we now have an office with a lot of space.

McClain

Virginia

two days ago


Input: We have got people signing up, volunteers coming on, telephones being put in and computers, so we will be fully operational within the next day or two.

the next day or two


Input: Earlier today in Florida, the Republican dominated legislature began hearings on calling a special session to pick the state's electors itself, should the December 12th deadline still find the election tied up in the courts.

Earlier today

Florida

Republican

December 12th


Input: The committee heard from angry voters and precinct workers in Palm Beach.

Palm Beach


Input: I believe our issues do relate directly to the appointing of electors for the state of Florida.

Florida


Input: The electors need to be appointed, are supposed to be appointed according to the will of the people and I believe in Palm Beach County that it was very difficult to determine what the will of the people was.

Palm Beach County


Input: Although Al Gore said today that he certainly feels like he won the election, he put his odds of wining the various legal battles at fifty - fifty.

Al Gore

today

fifty

fifty


Input: Gore said, if Bush does triumph in court, he will throw his support behind the Republican President - elect.

Gore

Bush

Republican


Input: But for now, says former Clinton administration cabinet member Robert Riche, both sides are positive that they've won the election, and says Riche, the longer the fight goes on, the more troublesome the next four years might be.

Clinton

Robert Riche

Riche

the next four years


Input: What we risk by prolonging this is greater public cynicism and a hardening of partisan lines among career politicians who have to work together.


Input: After all, come January, these people are going to have to be in Washington whether Gore or Bush is the President.

January

Washington

Gore

Bush


Input: You have a lot of politicians in Congress who are going to have to work together with the new President and with each other, so we don't want to prolong this forever.

Congress


Input: The US Supreme Court will hear arguments from both sides on Friday and Florida's Leon County Circuit Court will consider the arguments on disputed state ballots on Saturday, and while the nation wearies of the protracted legal battle maybe Leon County Circuit Court judge N. Sander Sauls said it best.

The US Supreme Court

Leon County Circuit Court

Leon County Circuit Court

Friday

Saturday

Florida

N. Sander Sauls


Input: The whole process, he said, is a bit like being nibbled to death by a duck.


Input: For The World, this is Clark Boyd.

The World

Clark Boyd


Input: Russia's lower house of parliament has overwhelmingly approved restoring the former Soviet anthem as the Russian national anthem.

Russia

Soviet

Russian


Input: The move had the strong support of Russian President Vladimir Putin who said use of the old anthem represented a gesture of reconciliation.

Russian

Vladimir Putin


Input: Critics argued that the anthem is a throwback to the former totalitarian government.


Input: The anthem will have new words, eliminating verses that praised Communist leaders Vladimir Lenin and Joseph Stalin.

Communist

Vladimir Lenin

Joseph Stalin


Input: The lower house of parliament also gave formal endorsement to Russia's white, red and blue flag but reinstated the old red and gold Soviet flag as the flag of the military.

Russia

Soviet


Input: From BBC News in London, I am James Cawling for The World.

BBC News

The World

London

James Cawling


Input: The Yugoslav Army has given its support to President - elect Vojislav Kostunica.

The Yugoslav Army

Vojislav Kostunica


Input: Earlier he had an hour long meeting with former President Slobodan Milosevic.

hour

Slobodan Milosevic


Input: It's the first meeting since Milosevic was ousted by a popular revolt.

Milosevic


Input: He conceded defeat and congratulated his successor.


Input: Secretary of State Madeleine Albright says, the lifting of international sanctions against Serbia can now be discussed.

State

Madeleine Albright

Serbia


Input: Our sanctions regime is not against the people of Serbia, it was against Milosevic, and if Milosevic is gone then there are many ways that the sanctions regime can be changed and lifted and adjusted.

Serbia

Milosevic

Milosevic


Input: Albright says Milosevic must not be allowed to maintain any position of power.

Milosevic


Input: Earlier Russia also recognized Kostunica as Yugoslavia's new leader.

Russia

Yugoslavia

Kostunica


Input: Visiting Foreign Minister Evan Holf told Milosevic his time is up.

Foreign

Evan Holf

Milosevic


Input: From BBC news in London, I am Gregor Cragey for The World.

BBC

London

Gregor Cragey

The World


Input: George W. Bush has met with Al Gore in Washington.

George W. Bush

Al Gore

Washington


Input: The two men met for just 15 minutes at the Vice President's official residence.

two

just 15 minutes


Input: It's the first time they've been face to face since the bitterly contested presidential election was finally concluded last week.

first

last week


Input: Bush went into the talks with his defeated rival after meeting with President Clinton earlier today.

Bush

Clinton

today


Input: At a photo opportunity in the Oval Office, Bush thanked the President and fended off an interruption from a veteran White House correspondent.

the Oval Office

Bush

White House


Input: I am humbled and honored, and I can't thank the President enough for his hospitality.


Input: He didn't need to do this.


Input: Yes, he did.


Input: I haven't quite finished yet.


Input: And I am grateful and I am going to look forward to the discussion.


Input: I am here to listen.


Input: For his part President Clinton said his only advice to Bush is to assemble a good team and to do what he thinks is right.

Clinton

Bush


Input: Bush is now heading back to Texas.

Bush

Texas


Input: This is The World.

The World


Input: I am Tony Kahn.

Tony Kahn


Input: Novelist and playwright Gao Xingjian today became the first Chinese language author to win the Nobel Prize for Literature.

Gao Xingjian

first

Chinese

the Nobel Prize for Literature


Input: Gao Xingjian's avant - garde plays made him persona non-grata in his native China and he fled the country in 1988.

Gao Xingjian's

China


Input: He settled in France becoming a French citizen two years ago.

France

French

two years ago


Input: Gregory Lee is a professor of Chinese and Chinese literature at the University of Lyons in France.

Gregory Lee

Chinese

Chinese

the University of Lyons

France


Input: Professor Lee, I gather you know the man and know his work.

Lee


Input: Tell us a little bit about him, Who is he and why did he flee China.

China


Input: Gao Xingjian is quite an interesting writer because in some senses he differs from the great cohort of contemporary Chinese writers that are well known in the West today.

Gao Xingjian

Chinese

West


Input: I would say that the great difference about Gao Xingjian is that he actually received a university education.

Gao Xingjian


Input: He was educated in French, so has a very good knowledge of French literature and it is very much French literature that has influenced his own literary creativities, only free production, so much so that conservative Chinese critics would accuse him of blind worship of Western models.

French

French

French

Chinese

Western


Input: Sartre is a big man in Mr. Xingjian's life, isn't he?

Sartre

Xingjian


Input: I would say so that Sartre has been a quite a big influence.

Sartre


Input: I think the other influences would be Samuel Beckett, the Irish and French language writer, Unesco.

Samuel Beckett

Unesco

Irish

French


Input: These are models and, of course, all of these writers are writers who were active in the first half of the twentieth century.

the first half of the twentieth century


Input: Well, this is very interesting because Mr. Gao left China before Tianenmen.

Gao

China

Tianenmen


Input: He wrote a play, in particular about the events there.


Input: Would you say that his influences may be more French literary then they were his own immediate life experience?

French


Input: I would say both, in fact, because the first play that he wrote that made him famous was a play that dates from 1981, which was actually called ` Bus Stop', which many people said or had resonances from Beckett's play ` Waiting for Godot' and it concerned a number of Chinese people from different walks of life who were standing at a bus stop waiting for a bus that never came.

first

` Bus Stop'

Waiting for Godot

Beckett

Chinese


Input: So, we can see immediately that the resonances with the play of Beckett, but Gao Xingjian really before 1989 felt, that he was unable to write and to have his plays produced, as he would wish, and so left China couple of years before the incident at Tiananmen in 1989.

Beckett

Gao Xingjian

couple of years

China

Tiananmen


Input: I think it is a great day for modern Chinese literature and it is a day that has been awaited for the past 60 to 70 years.

a great day

a day

the past 60 to 70 years

Chinese


Input: Gregory Lee is a professor of Chinese and Chinese literature at the University of Lyons, France.

Gregory Lee

Chinese

Chinese

University of Lyons

France


Input: He spoke to us from his home in Provence.

Provence


Input: Professor, thank you very much for speaking with us.


Input: Not at all.


Input: Thank you very much.


Input: This is the World, I am Lisa Mullins.

World

Lisa Mullins


Input: There are mounting allegations of police and military brutality in Zimbabwe.

Zimbabwe


Input: But President Robert Mugabe has deployed troops to quell rioting over the rising price of food.

Robert Mugabe


Input: There are sharp increases here just as Zimbabwe has slumped into its worst economic crisis since becoming independent in 1980.

Zimbabwe


Input: In three days of unrest Army helicopters have dropped teargas in poor suburbs of the capital Harare, but many of those protesting say they won't stop until Mugabe, the man they blame for the country's economic problems, surrenders the presidency.

three days

Army

Harare

Mugabe


Input: From Harare the BBC's Grant Ferrett reports.

Harare

BBC

Grant Ferrett


Input: Protestors in one of Harare's poor southern townships run for cover as riot police fire teargas from the top of an armored vehicle.

one

Harare


Input: Such confrontations have been taking place all over the south of the capital for several days.

several days


Input: The aim is twofold, to demand a halt to the rising prices of basics such as food, fuel and transport, as well as the resignation of President Mugabe.

Mugabe


Input: People are demonstrating for the price increase fuel and everything.


Input: They are trying to stay away.


Input: They don't want to go to work.


Input: They want to stay away.


Input: So what happened here, can you tell me?


Input: We set a barricade, not for our people but for the police.


Input: We don't want them.


Input: We want them to go.


Input: And what have the police done?


Input: They are rounding up people to clear our barricade, forcing them, beating them, throwing teargas canisters into school children, but the war here has just started.


Input: Nearly four months after Zimbabwe's bloodiest parliamentary elections, the economy has gone from bad to worse.

Nearly four months

Zimbabwe


Input: President Mugabe's vitriolic attacks on the west combined with continuing lawlessness, particularly on white owned commercial farms have driven away donors, investors and tourists.

Mugabe


Input: Zimbabwe now has Africa's fastest shrinking economy.

Zimbabwe

Africa


Input: Many of us like to characterize Zimbabwe's crisis as an economic crisis but it is wider and deeper than economy.

Zimbabwe


Input: Simba Makoni looks and sounds like an opposition politician.

Simba Makoni


Input: In fact, he is the recently appointed finance minister.


Input: You can see the price of bread go up, you can see your bus fares go up, you can see companies closing down or working short weeks and that sort of thing, but you can also read Zimbabwe's crisis in the number of destitute people on the streets, in the number of crimes being committed.

Zimbabwe


Input: Zimbabwe earns the bulk of its hard currency here on the tobacco auction floors.

Zimbabwe


Input: This year's crop is down because of the continuing occupation of white owned farms.


Input: When the selling season ends next month, foreign exchange reserves, hardly estimated to cover just a few days of imports, are likely to completely dry up.

the selling season

next month

just a few days


Input: Without them, paying for central imports such as fuel and electricity will become even more difficult.


Input: What we have right now is a political crisis and until that political crisis is resolved, there is no way the economy is going to improve.


Input: The sentiments of economist Howard Setoli are widely shared.

Howard Setoli


Input: With eighteen months to go until scheduled presidential elections, Zimbabwe is headed for complete economic ruin.

eighteen months

Zimbabwe


Input: If government continues on its current path, the economy will continue to contract.


Input: This year it was expected to contract by 8%.

This year


Input: Next year we see a further contraction of 12%.

Next year


Input: So we are talking of massive unemployment, severe foreign exchange shortage.


Input: It is an alarming prediction.


Input: For those taking part in the protests on the streets, after two decades in office they want President Mugabe to go now.

two decades

Mugabe


Input: We want a new President.


Input: The situation is like Yugoslavia now.

Yugoslavia


Input: We don't want Mugabe.

Mugabe


Input: No more.


Input: For The World, I am Grant Ferrett, in Harare.

The World

Grant Ferrett

Harare


Input: From BBC News in London, I'm James Cawling, for The World.

BBC News

The World

London

James Cawling


Input: Clashes between Israeli Army units and Palestinians have continued into the night.

Israeli Army

Palestinians

the night


Input: That's after another day of violence in which four Palestinians were killed.

another day

four

Palestinians


Input: Helicopter gunships were deployed around the West Bank village of Bagella.

West Bank

Bagella


Input: Exchanges of fire between Israelis and Palestinians have also been reported around Jericho, Greg Barrow reports.

Israelis

Palestinians

Jericho

Greg Barrow


Input: A day of violence across the West Bank and Gaza has been followed by more clashes after nightfall.

A day

the West Bank

Gaza


Input: Houses in the West Bank village of Bagella have been attached by Israeli helicopter gunships.

West Bank

Bagella

Israeli


Input: An Israeli military spokesman said they were deployed in response to gun fire from Palestinians inside Bagella, which was aimed at the Jewish settlement of Kilo.

Israeli

Palestinians

Jewish

Bagella

Kilo


Input: The Israelis say the helicopters went into action firing machine guns, but unconfirmed reports from inside Bagella suggested rockets may have been used.

Israelis

Bagella


Input: Greg Barrow, BBC News, Jerusalem.

Greg Barrow

BBC News

Jerusalem


Input: This is the World I am Lisa Mullins.

World

Lisa Mullins


Input: Well we can't tell you who won Florida, but in a moment we will enter the musical question, who let the dogs out?

Florida


Input: First up we have the answer to our geo quiz today.

First

today


Input: We are looking for a region of central Italy bordering the Adriatic Sea.

Italy

the Adriatic Sea


Input: The area is mostly mountainous and includes Mt. Corno, the highest peak of the Apennines.

Mt. Corno

Apennines


Input: It also includes a lot of sheep, good clean - living, healthy sheep, and an Italian entrepreneur has an idea about how to make a little money of them.

Italian


Input: The answer is Abruzzo.

Abruzzo


Input: Journalist Carlos Depalazai was in Rome, Italy and Carlo how does this fellow plan to profit from the sheep of the Abruzzo?

Carlos Depalazai

Carlo

Rome

Italy

Abruzzo


Input: He is taking advantage of two crazes that we are having in the Italy at the moment, one is internet, the other one is the awareness on food.

two

one

one

Italy


Input: So this guy came up with the idea of having people adopting sheep by an internet.


Input: So you can have access through your computer on your desk.


Input: Go to the web site of these guys and you can have look at the face of sheep which are available to be adopted.


Input: So what does it mean to adopt a sheep, to show up on your back step or do you, somehow keep track of its progress on the farm in Italy?

Italy


Input: You are not actually adopting the sheep in the sense that you can have it with you.


Input: It looks like distant adoption, where you don't actually have the child in your home.


Input: You are just contributing with a certain amount of money and you are monitoring the growing up.


Input: It works in the same way, so you have access on the web site of this little farm, in a little village of Abrutzi and you can choose among many, many sheeps and after contributing with a certain amount of money the sheep is actually yours.

Abrutzi


Input: All right, so the amount of money you have mentioned to us is about 160 US dollars and for that you get more than just a warm and fuzzy feeling.

about 160 US dollars


Input: You can also receive leggings that are made from wool of the sheep and even if you like some of the sheep dropping delivered to your door.


Input: Yeah, I mean this is quite funny, but apart from all the details, which are sometimes even strange I think what is really important is that it is a sign of a new concern that is effecting Italian people.

Italian


Input: I mean we are notoriously lover of good food.


Input: We have a generous attitude towards food, and this is a new stuff.


Input: The fact that you really care about a sheep in the way she is fed, in the way she is nurtured, in the way people are looking after it, because it's a way to ensure that you have something which is genuine on your table up the end.


Input: Wait a minute, you said that on your table at the end.

a minute


Input: Yeah, at the table if it becomes food for instance, which is an option.


Input: You are adopting the sheep and whatever happens at the end it's your choice and among the option is you know food for your meal.


Input: That kind of puts a whole new tone to this thing.


Input: I mean usually when you think of this kind of adoption that means saving an animal not eventually eating it.


Input: I mean this is an option which is available and I think it is a sort of provocation.


Input: You know Italians now mainly live in metropolitan areas in big cities like Rome, Florence, Naples.

Italians

Rome

Florence

Naples


Input: In the past, we were a population of shepherds or farmers.


Input: We had completely different attitude towards nature.


Input: It seems that we are losing something, and we need to reestablish a better relationship with nature and the simple fact that the Environment Minister in Italy supported the initiative and he himself adopted a sheep is significant.

Italy


Input: He took advantage immediately of these ideas to build up a new awareness and a new attitude of Italians towards nature and farms.

Italians


Input: Carlo De Blazia, journalist speaking to us from Rome.

Rome


Input: Thank you very much Carlo.


Input: Nice to talk to you.


Input: Thank you.


Input: Five years ago today, the agreement ending the war in Bosnia was initialed in Dayton Ohio.

Five years ago today

Bosnia

Dayton

Ohio


Input: Western leaders weren't wild about relying on Yugoslav President Slobodan Milosevic to help implement the accord, but they felt they had no choice.

Western

Yugoslav

Slobodan Milosevic


Input: Five years later, the West and the United States in particular aren't counting on the deposed leader for anything.

Five years later

West

the United States


Input: They want to see his successor Vojislav Kostinica extradite Milosevic through the International War Crimes Tribunal in The Hague, but not only is Milosevic still living comfortable in Belgrade, last night he made his first TV appearance in six weeks, giving a pep talk to his supporters.

Vojislav Kostinica

Milosevic

Milosevic

the International War Crimes Tribunal

The Hague

Belgrade

last night

first

six weeks


Input: The World's Jeb Sharp reports on the still unresolved fate of Slobodan Milosevic.

World

Jeb Sharp

Slobodan Milosevic


Input: He's kept Western diplomats spinning in circles for more than a decade.

Western

more than a decade


Input: Five years ago they were negotiating with Milosevic at Dayton to stop the war in Bosnia.

Five years ago

Milosevic

Dayton

Bosnia


Input: Two years ago they were still shuttling back and forth to Belgrade in an effort to solve the Kosovo crisis.

Two years ago

Belgrade

Kosovo


Input: By March of last year they had given up talking and Nato had started bombing instead.

March of last year

Nato


Input: When Milosevic was indited on war crimes charges soon after, US and other Western officials began calling for his arrest and transfer to The Hague, but now that a delicate transition is underway in Serbia, those calls have grown quieter, according to Gary Bass, the author of the new book about war crimes trials, ` Stay, the Hand of Vengeance'.

Milosevic

Gary Bass

US

The Hague

Serbia

Western

Stay, the Hand of Vengeance


Input: Even Madeleine Albright, who is with the President who is usually most decipherous about the importance of prosecuting war criminals, has in fact said that our first priority is making sure that Vojislov Kostunica can consolidate his democratic government and make that transition, and the issue of punishing war criminals sort of takes a back seat.

Madeleine Albright

Vojislov Kostunica

first


Input: Bass says US diplomats don't want to risk destabilizing Serbia's fragile political situation by pushing too hard for war crimes trials.

Bass

US

Serbia


Input: After all Bass points out, outside pressure has backfired in the past.

Bass


Input: In Germany after World War I and in the Ottoman Empire also after World War I, the British and the French pushed really hard for war crimes trials, and the result in both countries was a kind of a nationalist backlash.

Germany

World War I

World War I

the Ottoman Empire

British

French


Input: A nationalist backlash in Serbia right now could play into Milosevic's hands, especially with parliamentary elections scheduled for next month.

Serbia

Milosevic

next month


Input: That's one reason Western governments are not demanding his immediate arrest, but critics of this approach say letting Milosevic stay in Belgrade could be equally destabilizing.

one

Western

Milosevic

Belgrade


Input: Eva Barnetts, professor of history at Yale, says President Kostunica should cooperate immediately with the Hague Tribunal.

Eva Barnetts

Kostunica

Yale

the Hague Tribunal


Input: This particular UN institution has in its power really to give instant legitimacy to Kostunica but of course at a price.

UN

Kostunica


Input: It means that the government of Yugoslavia has to become very serious about dealing with the indited war criminals, beginning with Slobodan Milosevic himself.

Yugoslavia

Slobodan Milosevic


Input: But even officials at The Hague say they are willing to be patient with the new Yugoslav President.

The Hague

Yugoslav


Input: Tribunal spokesman Jim Landel says it helps that Kostunica's people who initially refused to even entertain the idea of arresting Milosevic, may be starting to cooperate with the Tribunal.

Tribunal

Tribunal

Jim Landel

Kostunica

Milosevic


Input: They have already indicated that they are willing to allow the reopening of the prosecutor's liaison office in Belgrade, and that's certainly a welcome first step.

Belgrade

first


Input: However, it is only a first step.

first


Input: The Tribunal's chief prosecutor Carla Del Ponte has applied for a Yugoslav visa and plans to visit Belgrade soon.

Tribunal

Carla Del Ponte

Yugoslav

Belgrade


Input: Delponte's spokeswoman says the prosecutor has much to discuss with Kostunica, not least how to arrest all the indited war crimes suspects now in Serbia.

Delponte

Kostunica

Serbia


Input: That won't be easy.


Input: Even in Bosnia where Nato is in charge, troops have failed to capture Bosnian - Serb leader Radavan Karadzic, indited on genocide charges in connection with the 1995 massacre at Shrabanitca.

Bosnia

Shrabanitca

Nato

Bosnian - Serb

Radavan Karadzic


Input: Yale history professor Eva Barnett says the excuses for not arresting Karadzic are not persuasive.

Yale

Eva Barnett

Karadzic


Input: The claim is that this would engender tremendously destabilizing consequences that in any event it might be a very, very bloody affair and so on.


Input: This does not seem terribly compelling to me.


Input: I think that it has to be tried and of course there is always a danger that somebody might get hurt in this, but that is a danger that every attempt at remedying criminal activity has to face.


Input: Hague prosecutor Carla Del Ponte is prepared to discuss arrest strategies with Kostunica including the use of foreign troops.

Hague

Carla Del Ponte

Kostunica


Input: It's difficult to know how he would react.


Input: Kostunica has questioned the legality of the Hague Tribunal, and talked of trying Milosevic in Yugoslavia.

Kostunica

Milosevic

the Hague Tribunal

Yugoslavia


Input: Still, Kostunica's grace period won't last forever.

Kostunica


Input: When the US Congress approved one hundred million dollars in aid to Serbia last month, it stipulated the aid would stop flowing if Belgrade hasn't cooperated with the tribunal by March 31st.

the US Congress

one hundred million dollars

Serbia

Belgrade

last month

March 31st


Input: For The World, I am Jeb Sharp.

The World

Jeb Sharp


Input: Good evening.

evening


Input: That call to order you just heard reverberates through the Supreme Court every day that the justices convene, but today was no everyday session.

the Supreme Court

every day

today


Input: Never before has the United States Supreme Court taken up a case that could decide a presidential election.

the United States Supreme Court


Input: It did today.


Input: That session of the Supreme Court and two defeats for Al Gore in Florida courts dominate the news today.

the Supreme Court

two

Al Gore

Florida

today


Input: We start with the U.S. Supreme Court, specifically at issue, an appeal from the campaign of George W. Bush that the Florida Supreme Court had exceeded its authority when it ruled Florida counties could have more time to hand - count ballots.

the U.S. Supreme Court

the Florida Supreme Court

George W. Bush

Florida


Input: Throughout an hour and a half of argument, the justices were aggressive in peppering lawyers with questions, and they seemed interested on two issues.

an hour and a half

two


Input: Was there a federal issue involved that would even require the U.S. Supreme Court to rule? and if so, did the Florida Supreme Court improperly rewrite Florida law, as Governor Bush contends?

the U.S. Supreme Court

the Florida Supreme Court

Florida

Bush


Input: A sure sign of the historic nature of the day's proceeding, for the first time ever, the court immediately released an audiotape of the arguments.

day

first


Input: But in the courtroom, listening in person was ABC's Jackie Judd.

ABC

Jackie Judd


Input: Even now, hours after that hearing ended, there are still protesters circling the Supreme Court.

hours

the Supreme Court


Input: As boisterous as the protesters were, nothing intruded on the ritual inside.


Input: The chief justice and the associate justices of the Supreme Court of the United States.

the Supreme Court of the United States


Input: The courtroom was packed.


Input: Al Gore's top campaign aides, his children, Republican senators and congressmen, they were all there.

Al Gore's

Republican


Input: God save the United States and this honorable court.

God

the United States


Input: First up, Ted Olson lawyer for George W. Bush, laying out the campaign's main claim.

First

Ted Olson

George W. Bush


Input: Olson made it through only 56 seconds of his arguments before a justice broke in.

Olson

only 56 seconds


Input: Well, Mr. Olson --

Olson


Input: Sandra Day O'Connor, often the swing vote on this court, demanded to know why the court even had a role in this case.

Sandra Day O'Connor


Input: Olson argued that a century - old federal statute prevents laws governing an election from being created after the fact which, he claimed, is just what the Florida court did, and also, that the U.S. Constitution gives state legislatures, not the courts, the right to choose electors.

Olson

century - old

Florida

the U.S. Constitution


Input: Of all the justices it was Ruth Bader Ginsburg who seemed most sympathetic to the Florida Supreme Court.

Ruth Bader Ginsburg

the Florida Supreme Court


Input: Midway through the hearing, Chief Justice Rehnquist seemed to scold his colleagues for being too talkative when he made an unusual offer to the lawyer representing Florida's Attorney General.

Rehnquist

Florida


Input: And so it went on.


Input: Laurence Tribe, Gore's attorney, said the state court did nothing illegal.

Laurence Tribe

Gore


Input: It simply provided a way for a close election to be examined.


Input: Justice O'Connor again, but this time suggesting the state court had overstepped its authority and perhaps there was a federal case here.

O'Connor


Input: Justice Antonin Scalia also pressed Tribe.

Antonin Scalia

Tribe


Input: He said the state court relied on the Florida Constitution to draft its decision, excluding state lawmakers and that violated the U.S. Constitution.

the Florida Constitution

the U.S. Constitution


Input: It was Justice Breyer who asked the most straightforward question of all.

Breyer


Input: What happens if the court rules in favor of Bush?

Bush


Input: The answer from the Secretary of State's lawyer was, Bush wins and all the litigation in Florida ends.

State

Bush

Florida


Input: Not everyone agrees.


Input: They say that no matter which way the court rules, it will not provide nearly so much finality to this presidential election.


Input: Charlie?

Charlie


Input: Jackie Judd at the Supreme Court.

Jackie Judd

the Supreme Court


Input: Our thanks.


Input: The `` USS Cole'' has arrived back at the Mississippi shipyard where she was built.

The `` USS Cole''

Mississippi


Input: ABC's John M. Wethy reports tonight before the attack on the ship, the crew failed to take at least 25% of the 80 different steps to protect the ship before landing in Yemen.

ABC

John M. Wethy

tonight

at least 25%

Yemen


Input: An investigation is already under way.


Input: The ship's captain is going to take a lot of heat for the 17 sailors who died.


Input: The ship will sail again.


Input: After George W. Bush is sworn in, Bill Clinton will head to New York.

George W. Bush

Bill Clinton

New York


Input: The President has said he and his wife, now a New York senator will spend weekends at their house in Chappaqua.

New York

Chappaqua


Input: Mr. Clinton will also spend time at his presidential library in Arkansas.

Clinton

Arkansas


Input: He says he will come to Washington, `` every now and then.''

Washington


Input: Today, U.S. Secretary of Defense William Cohen promised to catch and punish those responsible for the bombing of the `` Cole'' and defended the Navy's decision to refuel ships in Yemen as investigators continued their day at work.

Today

day

U.S.

Yemen

Defense

Navy

William Cohen

Cole


Input: Morton Dean reports it's a difficult day for the sailors remaining on board.

Morton Dean

day


Input: The stressful, monumental task for the crew on the U.S. carrier suffered a setback.

U.S.


Input: The ship began to take on water and lost electrical power again.


Input: A difficult time became even more difficult.


Input: It led to the cancellation of a memorial service planned for the 17 sailors who lost their lives.


Input: Details are becoming known about the damage, most obvious, the huge hole, but also the deck is buckled.


Input: Even the superstructure is damaged.


Input: Hatches twisted out of shape and bulkheads destroyed.


Input: Rear Admiral Mark Fitzgerald, who visited the Cole, was stunned by the damage.

Mark Fitzgerald

Cole


Input: I won't tell you whether the ship is going to sink or not sink, but there was considerable damage to the ship.


Input: According to U.S. officials here tonight, the most important questions about the attack remain unanswered.

U.S.

tonight


Input: Any details or speculation on who specifically, we don't know that at this point.


Input: With well over 100 U.S. investigators now in Yemen, the search for evidence is now fully under way.

well over 100

U.S.

Yemen


Input: It's been officially designated `` Operation Determined Response,'' and that suggests several things that the U.S., of course, is determined to discover who carried out the bombing and that any group who helped plan the attack faces a response from the U.S. military.

Operation Determined Response

U.S.

U.S.


Input: The U.S. believes there are anti-American terror groups based in Yemen.

U.S.

Yemen

anti-American


Input: Half the population lives in settlements with 500 people or less, and senior U.S. officials here say the government, although friendly to the United States, does not have full control over the entire country.

Half

U.S.

the United States


Input: Yemen's President has repeatedly said an internal explosion rocked the `` USS Cole,'' but tomorrow U.S. officials expect him to announce that he has changed his mind, and tomorrow, the search for bodies will resume.

Yemen

U.S.

the `` USS Cole

tomorrow

tomorrow


Input: Ten U.S. sailors are still missing.

Ten

U.S.


Input: Morton Dean, Yemen.

Morton Dean

Yemen


Input: To learn more about Yemen, go to our website at abcnews.com.

Yemen


Input: The remains of four sailors killed in the `` USS Cole'' bombing returned to Dover Air Force Base in Delaware today.

four

`` USS Cole''

Dover Air Force Base

Delaware

today


Input: They were the last of the dead to be flown home, but in Yemen, the search for those responsible for the bombing continues.

Yemen


Input: Investigators turned up new evidence and more leads today.

today


Input: ABC's John Miller reports.

ABC

John Miller


Input: Investigators have searched at least half a dozen homes around the port of Aden including this one, trying to retrace the movements of what they believe may be six or more suspects.

at least half a dozen

six or more

Aden


Input: This house on Al Zaharah Street half a mile from the port is where investigators believe the bomb was built into the boat that carried it.

Al Zaharah Street

half a mile


Input: Just after the men moved in, neighbors say they erected a metal corrugated wall to block the neighbors' view of the yard.


Input: Investigators say the men who lived here worked on the boat behind these walls in the last few days of their stay almost constantly.

the last few days


Input: At first, neighbors were curious, but later they complained about the noise.

first


Input: On the day of the bombing, neighbors saw the boat leaving through these gates pulled by a Nissan 4 x 4 truck.

the day of the bombing

Nissan


Input: The trip from the house to the harbor was only about a mile, then six miles by water to the spot where the American destroyer was refueling.

about a mile

six miles

American


Input: Today, FBI agents and divers were collecting evidence near the place they believe the boat was lowered into the water just before the attack on the `` USS Cole'' which killed 17 sailors and two suicide bombers.

Today

FBI

the `` USS Cole''

two


Input: Investigators have come up with a series of names of possible suspects found on papers in the houses and cars they searched.


Input: In some cases, they have some names.


Input: They have not been able to verify whether they're accurate, true names.


Input: In other cases, I don't believe they have identities yet.


Input: Yemeni sources say some of the bombers may have used ID cards issued by a government registration center 35 miles from Aden.

Yemeni

35 miles

Aden


Input: Today, at the walled - in headquarters of the government security agency, the manager of that center and several clerks who worked there were among dozens who have been detained and questioned.

Today

dozens


Input: Investigators are aware that a few weeks before the bombing, accused terrorist leader Osama Bin Laden released a videotape calling for holy war against Americans in the Gulf.

a few weeks before

Osama Bin Laden

Americans

Gulf


Input: American investigators also say the way the bombers organized the plot in Aden has stark similarities to the way Bin Laden's cells have operated in the past, but, they concede, while they are closer to learning the names of the bombers, they are still a long way from knowing or proving who sent them.

American

Aden

Bin Laden's


Input: John Miller, ABC News, Aden.

John Miller

ABC News

Aden


Input: We have an exclusive report tonight about the `` USS Cole,'' and an identical attack that was planned, but failed, several months earlier.

tonight

the `` USS Cole

several months earlier


Input: Here's ABC's John M Wethy.

ABC

John M Wethy


Input: ABC News has learned that the terrorists who attacked the `` USS Cole'' originally planned to hit a different American warship in the same port ten months earlier.

ABC News

the `` USS Cole''

American

ten months earlier


Input: The attack was to be part of a worldwide effort during celebration of the millennium that included targets in Jordan and Seattle.

the millennium

Jordan

Seattle


Input: Intelligence sources say the target was to be a destroyer, the `` USS The Sullivans,'' which refueled in Yemen's port of Aden in January.

the `` USS The Sullivans

Yemen

Aden

January


Input: Sources tell ABC News that a suspect who has been in custody for several weeks told Yemeni investigators that his group failed in their attack because their small boat, overloaded with explosives, sank just off the beach.

ABC News

several weeks

Yemeni


Input: The suspect said it took months to repackage and redesign the load of high explosives that was eventually used against `` the Cole.''

months

Cole


Input: John M Wethy, ABC News, the Pentagon.

John M Wethy

ABC News

Pentagon


Input: Investcorp, New York, said it and the management of Sports & Recreation Inc. bought the operator of the 10 - store Sports Unlimited chain for some $40 million.

Investcorp

Sports & Recreation Inc.

Sports Unlimited

New York

$40 million


Input: The investment bank becomes majority shareholder in Sports & Recreation, a 10 - year - old sporting goods retailer, said Oliver E. Richardson, a member of Investcorp's management committee and a director of the chain.

Sports & Recreation

Investcorp

10 - year - old

Oliver E. Richardson


Input: Sports Unlimited, Tampa, Fla., posted revenue of $59 million for the year ended July 31.

Sports Unlimited

Tampa

Fla.

$59 million

the year ended July 31


Input: The company is `` very profitable'' on an operating basis, Mr. Richardson said, but he declined to specify numbers.

Richardson


Input: In 1982, Sports & Recreation's managers and certain passive investors purchased the company from Brunswick Corp. of Skokie, Ill.

Sports & Recreation's

Brunswick Corp.

Skokie

Ill


Input: In the latest transaction, management bought out the passive investors' holding, Mr. Richardson said.

Richardson


Input: Hammond Co., Newport Beach, Calif., said Fidelity National Financial Inc. extended its previous agreement, under which it won't purchase any more of the mortgage banker's common stock, through Oct. 31.

Hammond Co.

Fidelity National Financial Inc.

Newport Beach

Calif.

Oct. 31


Input: The previous agreement expired Thursday.

Thursday


Input: Hammond said that its discussions with Fidelity, an Irvine, Calif., title - insurance underwriter, are continuing, but that prospects for a longer - term standstill agreement are uncertain.

Hammond

Fidelity

Irvine

Calif.


Input: Fidelity has increased its stake in Hammond to 23.57% in recent months.

Fidelity

Hammond

recent months


Input: Statements made in Securities and Exchange Commission filings led Hammond to request a standstill agreement.

Securities and Exchange Commission

Hammond


Input: Giant Group Ltd. said it terminated negotiations for the purchase of Aspen Airways, a Denver - based regional carrier that operates the United Express connector service under contract to UAL Corp.'s United Airlines.

Giant Group Ltd.

Aspen Airways

United Express

UAL Corp.'s

United Airlines

Denver


Input: Giant, a Beverly Hills, Calif., collection of companies that is controlled by Hollywood producer Burt Sugarman, didn't give a reason for halting its plan to acquire the airline, and Aspen officials couldn't be reached for comment.

Giant

Aspen

Beverly Hills

Calif.

Hollywood

Burt Sugarman


Input: Giant agreed last month to purchase the carrier.

Giant

last month


Input: Giant hasn't ever disclosed the proposed price, although Avmark Inc., an Arlington, Va. - based aircraft consulting concern, has valued Aspen's fleet at about $46 million.

Giant

Avmark Inc.

Aspen

Arlington

Va.

about $46 million


Input: The airline would have become the latest in a peculiar blend of Giant companies, which are involved in making cement, recycling newsprint and operating fast - food restaurants.

Giant


Input: The state - controlled insurer Assurances Generales de France said it has obtained regulatory approval to increase its stake in the financial holding company Cie. de Navigation Mixte above 10% from the current level of about 8%.

Assurances Generales de France

Cie. de Navigation Mixte

about 8%


Input: Friday's approval was needed to conform with Bourse rules regarding companies with bank interests and follows a similar approval given Wednesday to Cie. Financiere de Paribas.

Friday

Wednesday

Bourse

Cie. Financiere de Paribas


Input: Both Paribas and AGF have been increasing their stakes in Navigation Mixte recently for what they have termed `` investment purposes,'' although the issue has been surrounded by takeover speculation in recent weeks.

Paribas

AGF

Navigation Mixte

recent weeks


Input: AGF didn't comment officially on its reasons for seeking the approval, but people close to the group said it was done to make sure the group would have the flexibility to increase its stake in the future, should interesting price opportunities arise.

AGF


Input: An AGF official did specify, however, that there was no foundation to recent rumors the group might be acting in concert with Paribas.

AGF

Paribas


Input: Lockheed Aeronautical Systems Co., a unit of Lockheed Corp., said it agreed to join with Aermacchi S.p. A. of Varese, Italy, to propose a new generation of jet trainers for the U.S. Air Force.

Lockheed Aeronautical Systems Co.

Lockheed Corp.

Aermacchi S.p. A.

Air Force

Varese

Italy

U.S.


Input: The Air Force is looking to buy 540 new primary jet trainers, with a total value of $1.5 billion to $2 billion, between 1994 and 2004.

The Air Force

$1.5 billion to $2 billion

between 1994 and 2004


Input: The aircraft would replace the T - 37, made by the Cessna Aircraft Co. unit of General Dynamics Corp., which the Air Force uses to train jet pilots.

the T - 37

Cessna Aircraft Co.

General Dynamics Corp.

the Air Force


Input: Lockheed said the U.S. Navy may also buy an additional 340 trainer aircraft to replace its T34C trainers made by the Beech Aircraft Corp. unit of Raytheon Corp.

Lockheed

Navy

Beech Aircraft Corp.

Raytheon Corp

U.S.

an additional 340


Input: Under the agreement with Lockheed, Aermacchi will license Lockheed to build the Aermacchi MB - 339 jet tandem - trainer and will supply certain structures.

Lockheed

Aermacchi

Lockheed

Aermacchi

MB - 339


Input: Lockheed will build additional structures and perform final assembly of the tandem - seat trainer at its Marietta, Ga., plant should the Air Force order the craft.

Lockheed

the Air Force

Marietta

Ga.


Input: A Lockheed spokesman in Burbank, Calif., said he wasn't aware of which other companies would be competing for the Air Force contract.

Lockheed

Air Force

Burbank

Calif.


Input: Striking auto workers ended their 19 - day occupation of a metal shop at a Peugeot S.A. factory in eastern France Friday as pay talks got under way in the capital.

19 - day

Friday

Peugeot S.A.

France


Input: But the Peugeot breakthrough came as a nationwide dispute by Finance Ministry employees disrupted border checkpoints and threatened the government's ability to pay its bills.

Peugeot

Finance Ministry


Input: The Peugeot metalworkers began filing out of the shop, which makes auto parts, at the plant in Mulhouse after voting 589 to 193 to abandon the occupation.

Peugeot

Mulhouse


Input: Their withdrawal was based on promises by Peugeot to open negotiations in Paris at the same time the last man left the premises.

Peugeot

Paris


Input: The strike by customs officers, tax collectors, treasury workers and other civil servants attached to the Ministry of Finance may pose a more serious challenge to the government and the average Frenchman.

the Ministry of Finance

Frenchman


Input: Ministry employees complain that they are poorly paid because of a complex job - rating system they say fails to take into account their education and level of technical expertise.

Ministry


Input: The market for $200 billion of high - risk junk bonds, battered by a succession of defaults and huge price declines this year, practically vanished Friday.

$200 billion

this year

Friday


Input: Trading ground to a halt as investors rushed to sell bonds, only to find themselves deserted by potential buyers.


Input: Stunned, they watched brokerage houses mark down price quotations on their junk holdings while being able to execute very few actual trades.


Input: `` The junk bond market is in a state of gridlock now -- there are no bids, only offers,'' says independent investor Martin D. Sass, who manages nearly $4 billion and who recently decided to buy distressed securities for a new fund.

Martin D. Sass

nearly $4 billion


Input: This calamity is `` far from over,'' he says.


Input: Junk's collapse helped stoke the panicky selling of stocks that produced the deepest one - day dive in the Dow Jones Industrial Average since the Oct. 19, 1987, crash.

one - day

Oct. 19, 1987,


Input: Simultaneously, it also helped trigger this year's biggest rally in the U.S. government bond market as investors rushed to move capital into the highest - quality securities they could find.

year

U.S.


Input: But `` an eerie silence pervaded'' the junk market Friday as prices tumbled on hundreds of high - yield bonds despite `` no active trading,'' says John Lonski, an economist at Moody's Investors Service Inc.

Friday

hundreds

John Lonski

Moody's Investors Service Inc


Input: For example, the price of Southland Corp.'s $500 million of 16 3/4% bonds due 2002 -- sold less than two years ago by Goldman, Sachs & Co. -- plummeted 25% to just 30 cents on the dollar.

Southland Corp.'s

Goldman, Sachs & Co.

$500 million

just 30 cents

16 3/4%

less than two years ago


Input: But not even Goldman would make a market in the securities of Southland, the owner of the nationwide chain of 7 - 11 convenience stores that is strapped for cash.

Goldman

Southland

7 - 11


Input: Goldman officials declined to comment.

Goldman


Input: Junk bonds, which mushroomed from less than $2 billion at the start of this decade, have been declining for months as issuer after issuer sank beneath the weight of hefty interest payments.

less than $2 billion

the start of this decade

months


Input: The shaky market received its biggest jolt last month from Campeau Corp., which created its U.S. retailing empire with junk financing.

last month

Campeau Corp.

U.S.


Input: Campeau developed a cash squeeze that caused it to be tardy on some interest payments and to put its prestigious Bloomingdales department - store chain up for sale.

Campeau

Bloomingdales


Input: Now, dozens of corporations, including Ethan Allen, TW Services and York International, that are counting on at least $7 billion of scheduled new junk financings to keep their highly leveraged takeovers and buy - outs afloat, may never get the money.

dozens

Ethan Allen

TW Services

York International

at least $7 billion


Input: `` The music has stopped playing,'' says Michael Harkins, a principal in the investment firm of Levy Harkins.

Michael Harkins

Levy Harkins


Input: `` You've either got a chair or you don't.''


Input: In Friday's aftermath, says R. Douglas Carleton, a director of high - yield finance at First Boston Corp., `` much of the $7 billion forward calendar could be deferred, depending on the hysteria.''

Friday

R. Douglas Carleton

First Boston Corp.

$7 billion


Input: In August, First Boston withdrew a $475 million junk offering of Ohio Mattress bonds because potential buyers were `` very skittish.''

August

First Boston

Ohio Mattress

$475 million


Input: The outlook `` looks shaky because we're still waiting'' for mutual funds, in particular, to dump some of their junk bond holdings to pay off redemptions by individual investors, says King Penniman, senior vice president at McCarthy, Crisanti & Maffei, an investment arm of Xerox Financial Services.

King Penniman

McCarthy, Crisanti & Maffei

Xerox Financial Services


Input: Indeed, a Moody's index that tracks the net asset values of 24 high - yield mutual funds declined for the 17th consecutive day Friday.

Moody

the 17th consecutive day Friday


Input: In a stark contrast, the benchmark 30 - year Treasury bond climbed more than 2 1/2 points, or about $25 for each $1,000 face amount, to 103 12/32, its biggest gain of the year.

30 - year

the year

Treasury

more than 2 1/2

103 12/32

about $25


Input: The bond's yield dropped to 7.82%, the lowest since March 31, 1987, according to Technical Data Global Markets Group.

March 31, 1987

Technical Data Global Markets Group


Input: The yield on three - month Treasury bills, considered the safest of all investments, plummeted about 0.7 percentage point to 7.16%, the largest one - day decline since 1982.

three - month

one - day

Treasury

about 0.7


Input: The main catalyst for government bond market rally was the 190.58 - point drop in the Dow Jones Industrial Average.


Input: `` When you get panic in one market, you get flight to quality in the other,'' said Maria Ramirez, money market economist at Drexel Burnham Lambert Inc.

one

Maria Ramirez

Drexel Burnham Lambert Inc


Input: Nevertheless, the problems of the junk market could prompt the Federal Reserve to ease credit in the months ahead.

the Federal Reserve

the months ahead


Input: `` This marks a significant shift in the interest rate outlook,'' says William Sullivan, director of money market research at Dean Witter Reynolds Inc., New York.

William Sullivan

Dean Witter Reynolds Inc.

New York


Input: Any sustained credit - easing could be a lift for junk bonds as well as other securities.


Input: Robert Dow, a partner and portfolio manager at Lord, Abbett & Co., which manages $4 billion of high - yield bonds, says he doesn't `` think there is any fundamental economic rationale -LCB- for the junk bond rout -RCB-.

Robert Dow

Lord, Abbett & Co.

$4 billion


Input: It was herd instinct.''


Input: He adds: `` The junk market has witnessed some trouble and now some people think that if the equity market gets creamed that means the economy will be terrible and that's bad for junk.


Input: I don't believe that's the case, but I believe that people are running scared.


Input: There is a flight to quality, and the quality is not in equities and not in junk -- it's in Treasurys.''


Input: Even as trading in high - yield issues dried up over the past month, corporations sold more than $2 billion of new junk bonds.

the past month

more than $2 billion


Input: For example, a recent $375 million offering of Petrolane Gas Services L.P. bonds sold by First Boston was three times oversubscribed.

$375 million

Petrolane Gas Services L.P.

First Boston

three


Input: A $550 million offering of Turner Broadcasting System Inc. high - yield securities sold last week by Drexel was increased $50 million because of strong demand.

$550 million

$50 million

Turner Broadcasting System Inc.

Drexel

last week


Input: First Boston estimates that in November and December alone, junk bond investors will receive $4.8 billion of coupon interest payments.

First Boston

November

December

$4.8 billion


Input: `` That's a clear indication that there is and will be an undercurrent of basic business going on,'' says Mr. Carleton of First Boston.

Carleton

First Boston


Input: `` I don't know how people can say the junk bond market disappeared when there were $1.5 billion of orders for $550 million of junk bonds sold last week by Turner,'' says Raymond Minella, co-head of merchant banking at Merrill Lynch & Co.

$1.5 billion

$550 million

last week

Turner

Raymond Minella

Merrill Lynch & Co


Input: `` When the rally comes, insurance companies will be leading it because they have billions to invest and invest they will.

billions


Input: There is plenty of money available from people who want to buy well - structured deals; it's the stuff that's financed on a shoestring that people are wary of.''


Input: But such highly leveraged transactions seemed to have multiplied this year, casting a pall over much of the junk market.

this year


Input: Michael McNamara, director of fixed - income research at Kemper Financial Services, says the quality of junk issues has been getting poorer, contributing to the slide in prices.

Michael McNamara

Kemper Financial Services


Input: `` Last year we probably bought one out of every three new deals,'' he says.

Last year

one

three


Input: `` This year, at best, it's in one in every five or six.

year

one

five

six


Input: And our credit standards haven't changed one iota.''

one


Input: However, Mr. McNamara said the slide in junk is creating `` one hell of a buying opportunity'' for selective buyers.

McNamara


Input: For the moment, investors seem more preoccupied with the `` bad'' junk than the `` good'' junk.


Input: `` The market has been weak since'' the announcement of the Campeau cash squeeze and the company's subsequent bailout by Olympia & York, says Mr. Minella of Merrill Lynch.

Campeau

Olympia & York

Merrill Lynch

Minella


Input: `` That really affected the market in that people started to ask ` What else is in trouble?'''


Input: Well before Campeau, though, there were signs that the junk market was stumbling through one of its worst years ever.

Campeau

its worst years


Input: Despite the relatively strong economy, junk bond prices did nothing except go down, hammered by a seemingly endless trail of bad news:


Input: -- In June, two months before it would default on interest payments covering some of its $1.2 billion of speculative debt securities, New York - based Integrated Resources Inc. said it ran out of borrowed money.

June

two months

$1.2 billion

New York

Integrated Resources Inc.


Input: -- In July, Southmark Corp., the Dallas - based real estate and financial services company with about $1.3 billion of junk bonds, voluntarily filed for protection under U.S. bankruptcy law.

July

Southmark Corp.

Dallas

U.S.

about $1.3 billion


Input: -- By the end of July, the difference in yield between an index of junk bonds and seven - year Treasury notes widened to more than 5.5 percentage points.

the end of July

seven - year

Treasury

more than 5.5


Input: -- In August, Resorts International Inc., which sold more than $500 million of junk bonds, suspended interest payments.

August

Resorts International Inc.

more than $500 million


Input: -- In September, just as the cash squeeze hit Campeau, Lomas Financial Corp. defaulted on $145 million of notes and appeared unlikely to pay interest on a total of $1.2 billion of debt securities.

September

Campeau

Lomas Financial Corp.

$145 million

$1.2 billion


Input: Meantime, regulators are becoming increasingly worried as the rush to leverage shows no signs of abating.


Input: Moody's says the frequency of corporate credit downgrades is the highest this year since 1982.

Moody's

this year


Input: In addition, there are six times as many troubled banks as there were in the recession of 1981, according to the Federal Deposit Insurance Corp.

six

the Federal Deposit Insurance Corp


Input: `` The era of the 1980s is about compound interest and the reaching for it,'' says James Grant, editor of Grant's Interest Rate Observer, an early critic of the junk bond market.

the 1980s

James Grant

Grant's Interest Rate Observer


Input: `` What we've begun to see is the damage to businesses of paying exorbitant compound interest.


Input: Businesses were borrowing at interest rates higher than their own earnings.


Input: What we're seeing now is the wrenching readjustment of asset values to a future when speculative - grade debt will be hard to obtain rather than easy.''


Input: Friday's Market Activity

Friday


Input: Prices of Treasury bonds surged in the biggest rally of the year as investors fled a plummeting stock market.

Treasury

the year


Input: The benchmark 30 - year Treasury bond was quoted 6 p.m. EDT at 103 12/32, compared with 100 27/32 Thursday, up 2 1/2 points.

30 - year

Thursday

Treasury

6 p.m. EDT

103 12/32

100 27/32

2 1/2


Input: The yield on the benchmark fell to 7.82%, the lowest since March 31, 1987, according to Technical Data Global Markets Group.

March 31, 1987,

Technical Data Global Markets Group


Input: The `` flight to quality'' began late in the day and followed a precipitous fall in the stock market.

the day


Input: Treasurys opened lower, reacting negatively to news that the producer price index -- a measure of inflation on the wholesale level -- accelerated in September.

September


Input: Bond prices barely budged until midday.

midday


Input: Many bond market participants will be closely eying the action of the Federal Reserve, which might repeat its October 1987 injection of huge amounts of liquidity to buoy the financial markets and keep the economy from slowing into a recession.

the Federal Reserve

October 1987


Input: Prices of municipals, investment - grade corporates and mortgage - backed bonds also rose, but lagged behind their Treasury counterparts.

Treasury


Input: Mortgage securities rose in hectic trading, with most of the activity concentrated in Government National Mortgage Association 9% coupon securities, the most liquid mortgage issue.

Government National Mortgage Association


Input: The Ginnie Mae November 9% issue ended at 98 25/32, up 7/8 point on the day, to yield about 9.28% to a 12 - year average life assumption.

Ginnie Mae

November

the day

12 - year

about 9.28%

98 25/32


Input: Investment - grade corporate bonds were up about 1/2 to 3/4 point.

about 1/2


Input: But the yield spread between lower - quality, investment - grade issues and higher - quality bonds widened.


Input: And the yields on telephone and utility issues rose relative to other investment - grade bonds in anticipation of this week's $3 billion bond offering by the Tennessee Valley Authority.

week

$3 billion

the Tennessee Valley Authority


Input: Despite rumors that the TVA's long - awaited offering would be postponed because of the debacle in the equity markets, sources in the underwriting syndicate said they expect the issue will be priced as scheduled.

TVA


Input: One of the sources said the smaller portions of $750 million each of five - year and 10 - year bonds have already been `` substantially oversubscribed.''

One

$750 million

five - year

10 - year


Input: Municipal bonds rose as much as 3/4 point.

as much as 3/4


Input: Roger Lowenstein contributed to this article.

Roger Lowenstein


Input: Friday's 190 - point plunge in stocks does not come atop the climate of anxiety that dominated financial markets just prior to their 1987 October crash, and mechanisms have been put in place to keep markets more orderly.

Friday

1987 October


Input: Still, the lesson is about the same: On Friday the 13th, the market was spooked by Washington.

Friday the 13th

Washington


Input: The consensus along the street seems to be that the plunge was triggered by the financing problems of the UAL takeover, and it's certainly true the rout began immediately after the UAL trading halt.

UAL

UAL


Input: Still, the consensus seems almost as wide that one faltering bid is no reason to write down the value of all U.S. business.

one

U.S.


Input: This observation leads us to another piece of news moving on the Dow Jones ticker shortly before the downturn: the success of Senate Democrats in stalling the capital gains tax cut.

Dow Jones

Senate

Democrats


Input: The real value of all shares, after all, is directly impacted by the tax on any profits -LRB- all the more so given the limits on deductions for losses that show gains are not `` ordinary income'' -RRB-.


Input: And market expectations clearly have been raised by the capital gains victory in the House last month.

House

last month


Input: An hour before Friday's plunge, that provision was stripped from the tax bill, leaving it with $5.4 billion in tax increases without a capital gains cut.

An hour

Friday

$5.4 billion


Input: There is a great deal to be said, to be sure, for stripping the garbage out of the reconciliation bill.


Input: It would be a good thing if Congress started to decide issues one - by - one on their individual merits without trickery.

Congress

one


Input: For one thing, no one doubts that the capital gains cut would pass on an up - or - down vote.

one


Input: Since Senate leaders have so far fogged it up with procedural smokescreens, promises of a cleaner bill are suspect.

Senate


Input: Especially so since President Bush has been weakened by the Panama fiasco.

Bush

Panama


Input: To the extent that the UAL troubles contributed to the plunge, they are another instance of Washington's sticky fingers.

UAL

Washington


Input: As the best opportunities for corporate restructurings are exhausted of course, at some point the market will start to reject them.


Input: But the airlines are scarcely a clear case, given anti-takeover mischief by Secretary of Transportation Skinner, who professes to believe safety will be compromised if KLM and British Airways own interests in companies that fly airplanes.

Transportation

KLM

British Airways

Skinner


Input: Worse, Congress has started to jump on the Skinner bandwagon.

Congress

Skinner


Input: James Oberstar, the Minnesota Democrat who chairs the Public Works and Transportation Committee's aviation subcommittee, has put an anti-airline takeover bill on supersonic speed so that it would be passed in time to affect the American and United Air Lines bids.

James Oberstar

Minnesota

Democrat

Public Works and Transportation Committee's

American

United Air Lines


Input: It would give Mr. Skinner up to 50 days to `` review'' any bid for 15% or more of the voting stock of any U.S. carrier with revenues of $1 billion or more.

Skinner

up to 50 days

U.S.

$1 billion


Input: So the UAL deal has problems, and the market loses 190 points.

UAL


Input: Congratulations, Mr. Secretary and Mr. Congressman.


Input: In the 1987 crash, remember, the market was shaken by a Danny Rostenkowski proposal to tax takeovers out of existance.

Danny Rostenkowski


Input: Even more important, in our view, was the Treasury's threat to thrash the dollar.

Treasury


Input: The Treasury is doing the same thing today; thankfully, the dollar is not under 1987 - style pressure.

Treasury

today


Input: Also, traders are in better shape today than in 1987 to survive selling binges.

today


Input: They are better capitalized.


Input: They are in less danger of losing liquidity simply because of tape lags and clearing and settlement delays.


Input: The Fed promises any needed liquidity.

Fed


Input: The Big Board's liaison with the Chicago Board of Trade has improved; it will be interesting to learn if `` circuit breakers'' prove to be a good idea.

The Big Board's

the Chicago Board of Trade


Input: In any event, some traders see stocks as underpriced today, unlike 1987.

today


Input: There is nothing wrong with the market that can't be cured by a little coherence and common sense in Washington.

Washington


Input: But on the bearish side, that may be too much to expect.


Input: First Chicago Corp. posted a third - quarter loss of $23.3 million after joining other big banks in further adding to its reserves for losses on foreign loans.

First Chicago Corp.

third - quarter

$23.3 million


Input: The parent company of First National Bank of Chicago, with $48 billion in assets, said it set aside $200 million to absorb losses on loans and investments in financially troubled countries.

First National Bank

Chicago

$48 billion

$200 million


Input: The addition, on top of two big 1987 additions to foreign - loan reserves, brings the reserve to a level equaling 79% of medium - term and long - term loans outstanding to troubled nations.

two


Input: First Chicago since 1987 has reduced its loans to such nations to $1.7 billion from $3 billion.

First Chicago

$1.7 billion

$3 billion


Input: Despite this loss, First Chicago said it doesn't need to sell stock to raise capital.

First Chicago


Input: During the quarter, the company realized a pretax gain of $60.4 million from the sale of its First Chicago Investment Advisors unit.

the quarter

$60.4 million

First Chicago Investment Advisors


Input: Combined foreign exchange and bond trading profits dipped 24% against last year's third quarter, to $38.2 million from $50.5 million.

last year's

third quarter

$38.2 million

$50.5 million


Input: Gains from First Chicago's venture capital unit, a big leveraged buy - out investor, rose 32% to $34 million from $25.7 million a year ago.

First Chicago's

$34 million

$25.7 million

a year ago


Input: Interest income and most fee income was strong.


Input: Greece's second bout of general elections this year is slated for Nov. 5.

Greece

this year

Nov. 5


Input: For those hoping to see a modicum of political normalcy restored -- in view of Greece's eight - year misadventure under autocratic pseudosocialism and subsequent three - month hitch with a conservative - communist coalition government -- there is but one bright sign: The scandals still encircling former Prime Minister Andreas Papandreou and his fallen socialist government are like flies buzzing around a rotting carcass.

Greece

eight - year

three - month

one

Andreas Papandreou


Input: In the mid-June round of voting, Greeks gave no clear mandate to any single political party.

mid-June

Greeks


Input: The ad interim coalition government that emerged from post-electoral hagglings was, in essence, little more than the ill - conceived offspring of ideological miscegenation: On one side, the center - right New Democracy Party, headed by Constantine Mitsotakis.

one

New Democracy Party

Constantine Mitsotakis


Input: On the other, the so - called Coalition of the Left and Progress -- a quaint and rather deceptive title for a merger of the pro-Soviet Communist Party of Greece and its Euro - Communist cousin, the Hellenic Left.

Coalition of the Left and Progress

Communist Party

the Hellenic Left

pro-Soviet

Euro

Greece


Input: The unifying bond for this left - right mismatch was plain: PASOK -LRB- Mr. Papandreou's party -RRB- as common political enemy.

PASOK

Papandreou


Input: The ostensible goal was a mop - up of government corruption, purportedly at all levels, but the main marks were Mr. Papandreou and his closest associates.

Papandreou


Input: In point of fact, this catharsis was overdue by decades.

decades


Input: When reduced to buzzword status in ex parte pledges, however, the notion transmogrified into a promised assault, with targets primarily for political gains, not justice.


Input: With regard to Greece's long - bubbling bank - looting scandal, Mr. Papandreou's principal accuser remains George Koskotas, former owner of the Bank of Crete and self - confessed embezzler, now residing in a jail cell in Salem, Mass., from where he is fighting extradition proceedings that would return him to Greece.

Greece

Salem

Mass.

Greece

Papandreou

George Koskotas

the Bank of Crete


Input: Mr. Koskotas's credibility is, at best, problematic.

Koskotas


Input: He has ample motive to shift the blame, and his testimony has also been found less than forthright on numerous points.


Input: Nevertheless, the New Democracy and Communist parties herald his assertions as proof of PASOK complicity.

New Democracy

PASOK

Communist


Input: Among unanswered questions are whether Mr. Papandreou received $23 million of stolen Bank of Crete funds and an additional $734,000 in bribes, as contended; whether the prime minister ordered state agencies to deposit some $57 million in Mr. Koskotas's bank and then skim off the interest; and, what PASOK's cut was from the $210 million Mr. Koskotas pinched.

Papandreou

Koskotas

Koskotas

$23 million

$57 million

$210 million

Bank of Crete

PASOK


Input: Two former ministers were so heavily implicated in the Koskotas affair that PASOK members of Parliament voted to refer them to the special court.

Two

Koskotas

PASOK

Parliament


Input: But eluding parliamentary probe was the case of millions of drachmas Mr. Koskotas funneled into New Democracy coffers.

millions of drachmas

Koskotas

New Democracy


Input: In the end, the investigation produced only circumstantial evidence and `` indications'' that point to PASOK, not clinching proof.

PASOK


Input: On another issue, Greeks were told how their national intelligence agency, the EYP, regularly monitored the telephone conversations of prominent figures, including key opposition politicians, journalists and PASOK cabinet members.

Greeks

EYP

PASOK


Input: Despite convincing arguments, it was never established that Mr. Papandreou personally ordered or directed the wiretaps.

Papandreou


Input: The central weakness of the `` scandals'' debates was pointed up especially well when discussions focused on arms deals and kickbacks.


Input: The coalition government tried to show that PASOK ministers had received hefty sums for OKing the purchase of F - 16 Fighting Falcon and Mirage 2000 combat aircraft, produced by the U.S.based General Dynamics Corp. and France's Avions Marcel Dassault, respectively.

PASOK

General Dynamics Corp.

Avions Marcel Dassault

F - 16 Fighting Falcon

Mirage 2000

U.S.based

France


Input: Naturally, neither General Dynamics nor Dassault could be expected to hamper its prospective future dealings by making disclosures of sums paid -LRB- or not -RRB- to various Greek officials for services rendered.

General Dynamics

Dassault

Greek


Input: So it seems that Mr. Mitsotakis and his communist chums may have unwittingly served Mr. Papandreou a moral victory on a platter: PASOK, whether guilty or not, can now traipse the countryside condemning the whole affair as a witch hunt at Mr. Papandreou's expense.

Mitsotakis

Papandreou

Papandreou

PASOK


Input: But while verbal high jinks alone won't help PASOK regain power, Mr. Papandreou should never be underestimated.

PASOK

Papandreou


Input: First came his predictable fusillade: He charged the Coalition of the Left and Progress had sold out its leftist tenets by collaborating in a right - wing plot aimed at ousting PASOK and thwarting the course of socialism in Greece.

First

Coalition of the Left

Progress

PASOK

Greece


Input: Then, to buttress his credibility with the left, he enticed some smaller leftist parties to stand for election under the PASOK banner.

PASOK


Input: Next, he continued to court the communists -- many of whom feel betrayed by the left - right coalition's birth -- by bringing into PASOK a well - respected Communist Party candidate.

PASOK

Communist Party


Input: For balance, and in hopes of gaining some disaffected centrist votes, he managed to attract a former New Democracy Party representative and known political enemy of Mr. Mitsotakis.

New Democracy Party

Mitsotakis


Input: Thus PASOK heads for the polls not only with diminished scandal - stench, but also with `` seals of approval'' from representatives of its harshest accusers.

PASOK


Input: Crucial as these elections are for Greece, pressing issues of state are getting lost in the shuffle.

Greece


Input: The country's future NATO participation remains unsure, for instance.

NATO


Input: Greece also must revamp major pieces of legislation in preparation for the 1992 targets of heightened Common Market cooperation.

Greece


Input: Greece's bilateral relations with the U.S. need attention soon as well.

Greece

U.S.


Input: For one, the current accord concerning U.S. military bases in Greece lapses in May 1990.

one

U.S.

Greece

May 1990


Input: Negotiations for a new agreement were frozen before the June elections, but the clock is running.

June


Input: Another matter of concern is the extradition of Mohammed Rashid, a Palestinian terrorist who is wanted in the U.S. for the 1982 bombing of a Pan American Airways flight.

Mohammed Rashid

Palestinian

U.S.

Pan American Airways


Input: The Greek courts have decided in favor of extradition in the Rashid case, but the matter awaits final approval from Greece's next justice minister.

Greek

Rashid

Greece


Input: The Greeks seem barely aware of the importance of the case as a litmus test of whether Greece will be counted in or out for international efforts to combat terrorism.

Greeks

Greece


Input: That PASOK could win the elections outright is improbable; the Greek press, previously eager to palm off PASOK's line, has turned on Mr. Papandreou with a wild - eyed vengeance.

PASOK

PASOK

Greek

Papandreou


Input: Yet the possibility of another lash - up government is all too real.


Input: If Mr. Papandreou becomes the major opposition leader, he could hamstring a conservative - led coalition.

Papandreou


Input: Also, he could force new elections early next year by frustrating the procedures for the election of the president of the republic in March.

early next year

March


Input: New Democracy has once again glaringly underestimated the opponent and linked its own prospects to negative reaction against PASOK, forgetting to tend to either program clarity or the rectification of internal squabbles.

New Democracy

PASOK


Input: As for Mr. Papandreou?

Papandreou


Input: He's not exactly sitting pretty at this stage.


Input: But since he is undoubtedly one of the most proficient bull slingers who ever raked muck, it seems far wiser to view him as sidelined, but certainly not yet eliminated.


Input: Mr. Carpenter, a regional correspondent for National Review, has lived in Athens since 1981.

Carpenter

National Review

Athens


Input: U.S. OFFICIALS MOVED to head off any repeat of Black Monday today following Friday's plunge in stock prices.

U.S.

Black Monday

today

Friday


Input: Fed Chairman Greenspan signaled that the central bank was prepared to inject massive amounts of money into the banking system to prevent a financial crisis.

Fed

Greenspan


Input: Other U.S. and foreign officials also mapped out plans, though they kept their moves quiet to avoid making the financial markets more jittery.

U.S.


Input: Friday's sell - off was triggered by the collapse of UAL's buy - out plan and a big rise in producer prices.

Friday

UAL


Input: The Dow Jones industrials skidded 190.58, to 2569.26.

Dow Jones


Input: The junk bond market came to a standstill, while Treasury bonds soared and the dollar fell.

Treasury


Input: Japanese stocks dropped early Monday, but by late morning were turning around.

Japanese

Monday

late morning


Input: The dollar was trading sharply lower in Tokyo.

Tokyo


Input: Prospects for a new UAL buy - out proposal appear bleak.

UAL


Input: Many banks refused to back the $6.79 billion transaction, but bankers said it was not from any unwillingness to finance takeovers.

$6.79 billion


Input: The decision was based solely on problems with the UAL management - pilot plan, they said.

UAL


Input: The surge in producer prices in September followed three months of declines, but analysts were divided on whether the 0.9% jump signaled a severe worsening of inflation.

September

three months


Input: Also, retail sales grew 0.5% last month.

last month


Input: A capital - gains tax cut was removed from the Senate's deficit reduction bill, but proponents still hope to enact the cut this year.

Senate

this year


Input: Bush won't press for a capital - gains provision in the final deficit bill when House - Senate conferees meet later this week.

Bush

House

later this week


Input: General Motors signaled that up to five North American assembly plants may close by the mid-1990s as it tries to cut excess capacity.

General Motors

up to five

North American

the mid-1990s


Input: U.S. car and truck sales fell 12.6% in early October, the first sales period of the 1990 - model year, dragged down by a sharp decline in GM sales.

U.S.

early October

year

first

GM


Input: Warner and Sony are entangled in a legal battle over movie producers Peter Gruber and Jon Peters.

Warner

Sony

Peter Gruber

Jon Peters


Input: The fight could set back Sony's plans to enter the U.S. movie business.

Sony

U.S.


Input: Hooker's U.S. unit received a $409 million bid for most of its real - estate and shopping - center assets from an investor group.

Hooker

U.S.

$409 million


Input: The offer doesn't include Bonwit Teller or B. Altman.

Bonwit Teller

B. Altman


Input: The Boeing strike is starting to affect airlines.

Boeing


Input: America West said Friday it will postpone its new service out of Houston because of delays in receiving aircraft from Boeing.

America West

Boeing

Friday

Houston


Input: Saatchi & Saatchi would launch a management buy - out if a hostile suitor emerged, an official said.

Saatchi & Saatchi


Input: British Aerospace and France's Thomson - CSF are nearing a pact to merge guided - missile divisions.

British Aerospace

Thomson - CSF

France


Input: New U.S. steel - import quotas will give a bigger share to developing nations that have relatively unsubsidized steel industries.

U.S.


Input: Japan's steel quota will be cut significantly.

Japan


Input: Four ailing S&Ls were sold off by government regulators, but low bids prevented the sale of a fifth.

Four

fifth


Input: Markets --


Input: Stocks: Volume 251,170,000 shares.


Input: Dow Jones industrials 2569.26, off 190.58; transportation 1406.29, off 78.06; utilities 211.96, off 7.29.

Dow Jones


Input: Bonds: Shearson Lehman Hutton Treasury index 3421.29, up

Shearson Lehman Hutton

Treasury


Input: Commodities: Dow Jones futures index 129.87, up 0.01; spot index 129.25, up 0.28.

Dow Jones


Input: Dollar: 142.10 yen, off 2.07; 1.8740 marks, off 0.0343.

142.10 yen

1.8740 marks


Input: Apple Computer Inc. said it will offer cash rebates on several of its machines from Oct. 14 to Dec. 31., as part of a holiday - season sales promotion.

Apple Computer Inc.

from Oct. 14 to Dec. 31.


Input: Apple will offer a $150 rebate on its Apple IIGS with any Apple Monitor and disk drive; $200 on the basic Macintosh Plus central processing unit; $250 on the Macintosh SE central processing unit; $250 on the Macintosh SE / 30 cpu, and $300 on a Macintosh IIcx with any Apple video card and Apple monitor.

Apple

Apple

Apple

Macintosh

Macintosh

Macintosh

Macintosh

Apple

Apple

a $150 rebate

IIGS

Monitor

Plus

SE

SE / 30 cpu

IIcx


Input: The rebates, as a percentage of the retail cost of the cpu of each system, amount to 6% to 13%.

6% to 13%


Input: The company is also offering a free trial of its computers to consumers who qualify for its credit cards or leases.


Input: Matsushita Electric Industrial Co. of Japan and Siemens AG of West Germany announced they have completed a 100 million - mark -LRB- $52.2 million -RRB- joint venture to produce electronics parts.

Matsushita Electric Industrial Co. of Japan

Siemens AG

West Germany

100 million - mark

$52.2 million


Input: In the venture's first fiscal year, Siemens will hold 74.9% of the venture and a Matsushita subsidiary, Matsushita Electronic Components Co., 25.1%.

first

fiscal year

Siemens

Matsushita

Matsushita Electronic Components Co.


Input: A basic agreement between the two companies was announced in June.

two

June


Input: The new company is to be called Siemens Matsushita Components G.m.b. H.

Siemens Matsushita Components G.m.b. H.


Input: It will have its headquarters in Munich.

Munich


Input: Matsushita's share in the venture will rise to 35% Oct. 1, 1990, and to 50% the following Oct. 1.

Matsushita

Oct. 1, 1990

the following Oct. 1


Input: Siemens will retain majority voting rights.

Siemens


Input: The parent companies forecast sales for the venture of around 750 million marks for its first fiscal year, Matsushita said.

around 750 million marks

first

fiscal year

Matsushita


Input: Sales are expected to rise to one billion marks after four years.

one billion marks

four years


Input: The company will have production facilities in West Germany, Austria, France and Spain.

West Germany

Austria

France

Spain


Input: Roger Rosenblatt, editor of U.S. News & World Report, resigned Friday from the weekly news magazine.

Roger Rosenblatt

U.S. News & World Report

Friday


Input: Mr. Rosenblatt said he resigned because of difficulties with commuting between his home in New York and the magazine's editorial offices in Washington.

Rosenblatt

New York

Washington


Input: `` Frankly, I missed my family,'' said Mr. Rosenblatt.

Rosenblatt


Input: In Mr. Rosenblatt's tenure, the magazine's advertising pages and circulation have grown significantly.

Rosenblatt


Input: But at 2.3 million weekly paid circulation, U.S. News still ranks third behind Time Warner Inc.'s Time magazine, with 4.4 million circulation, and Washington Post Co.'s Newsweek, with 3.3 million circulation.

2.3 million

4.4 million

3.3 million

weekly

U.S. News

Time Warner Inc.'s

Time

Washington Post Co.'s

Newsweek

third


Input: Mortimer B. Zuckerman, chairman and editor in chief, said Mr. Rosenblatt would be succeeded starting today by Michael Ruby, the magazine's executive editor, and Merrill McLoughlin, a senior writer.

Mortimer B. Zuckerman

Rosenblatt

Michael Ruby

Merrill McLoughlin

today


Input: Mr. Ruby and Ms. McLoughlin are married to each other.

Ruby

McLoughlin


Input: Mr. Zuckerman said his magazine would maintain its editorial format, which is a mix of analysis and trend stories with service - oriented, how - to articles.

Zuckerman


Input: Mr. Rosenblatt, a senior writer at Time magazine before joining U.S. News & World Report, said he had numerous job offers from other magazines while he was editor.

Rosenblatt

Time

U.S. News & World Report


Input: The offers were to work as a writer, not an editor.


Input: He said he will now consider those offers.


Input: Avions Marcel Dassault - Breguet Aviation S.A. said group profit before taxes and contributions to employee profit - sharing soared 97% to 839 million francs -LRB- $129.6 million -RRB- in the first half of 1989 from 425 million francs a year earlier.

Avions Marcel Dassault - Breguet Aviation S.A.

839 million francs

$129.6 million

425 million francs

the first half of 1989

a year earlier


Input: The French aircraft group pointed out, however, that financial results from its sector of industry are frequently erratic because of irregular cash flow from large contracts.

French


Input: It noted, for example, that group revenue for the first half was 8.734 billion francs, down about 12% from 9.934 billion francs a year earlier.

the first half

a year earlier

8.734 billion francs

9.934 billion francs

about 12%


Input: Still, it said it expects sales for all of 1989 to be on the order of 20 billion francs, reflecting anticipated billings for two large contracts in the second half of the year.

the second half of the year

20 billion francs

two


Input: For all of 1988, Dassault had group profit of 428 million francs on revenue of 18.819 billion francs.

Dassault

428 million francs

18.819 billion francs


Input: The group hasn't yet released earnings figures for the first half of 1989, nor has it made a detailed forecast of its full - year earnings.

the first half of 1989

full - year


Input: Freeport - McMoRan Inc. said a temporary cessation of operations at its Sunshine Bridge uranium - recovery facility in Donaldsonville, La., will result in slight earnings improvement to both the company and its Freeport - McMoRan Resource Partners Limited Partnership unit.

Freeport - McMoRan Inc.

Freeport - McMoRan Resource Partners Limited Partnership

Sunshine Bridge

Donaldsonville

La.


Input: The company didn't elaborate.


Input: The diversified energy and minerals concern said that a depressed uranium market is responsible for the temporary mothballing of the plant, but that the plant can be reactivated quickly when the market improves.


Input: More than 400,000 pounds of uranium a year have been produced at the facility during the past seven years.

More than 400,000 pounds

the past seven years


Input: A second uranium - recovery plant at Uncle Sam, La., that produces more than 700,000 pounds of uranium annually, will continue to operate.

second

Uncle Sam

La.

more than 700,000 pounds

annually


Input: Freeport - McMoRan said the shutdown won't affect sales volumes under long - term sales contracts of its Freeport Uranium Recovery Co. unit, but will reduce the amount of product sold on the spot market.

Freeport - McMoRan

Freeport Uranium Recovery Co.


Input: Freeport - McMoRan Resource Partners, as owner of the uranium - recovery technology, receives royalty payments.

Freeport - McMoRan Resource Partners


Input: Business Week subscribers may hear this week's issue talking back to them.

Business Week

week


Input: A four - page ad from Texas Instruments Inc., running in approximately 140,000 issues of the Oct. 20 `` Corporate Elite'' issue of the McGraw - Hill Inc. publication, contains a speech synthesizer laminated between two of the pages.

four

approximately 140,000

two

Texas Instruments Inc.

McGraw - Hill Inc.

Oct. 20

Corporate Elite


Input: Readers who pull off a piece of tape and press a switch will hear a tiny -- but distinctly human - sounding -- voice announce, `` I am the talking chip,'' as it launches into a 15 - second discourse on its own attributes.

15 - second


Input: The talking chip isn't cheap -- the per - ad cost to Texas Instruments is about $4, and that's without adding in Business Week's charge -- but Texas Instruments believes it is a first.

Texas Instruments

Business Week's

Texas Instruments

about $4

first


Input: Previous efforts have included musical ads, featuring simple tone - generating chips that play a tune, but the voice synthesizer in this effort is much more sophisticated, with none of the robotic flatness that one hears, for example, when calling telephone directory services.


Input: And for those who miss the message the first time around, not to worry: Three tiny batteries provide enough juice for as many as 650 replays.

first

Three

as many as 650


Input: Lomas Financial Corp., Dallas, said it will ask a U.S. bankruptcy court to allow it to hire Lazard Freres & Co. to help it sell its leasing unit.

Lomas Financial Corp.

Lazard Freres & Co.

Dallas

U.S.


Input: Lomas, assisted by Merrill Lynch Capital Markets, has been trying to sell its Equitable Lomas Leasing Co. for several months, apparently without success.

Lomas

Merrill Lynch Capital Markets

Equitable Lomas Leasing Co.

several months


Input: The real estate and mortgage banking concern had hoped to use proceeds from the sale to reduce its debt.


Input: Without cash from asset sales and unable to reach a new bank - credit agreement, Lomas defaulted on $145 million in notes that became due Sept. 1.

Lomas

$145 million

Sept. 1


Input: It filed for protection from creditors under Chapter 11 of the federal Bankruptcy Code Sept. 24 to give it additional time to work on a plan to restructure its $1.45 billion in senior debt.

Chapter 11 of the federal Bankruptcy Code

Sept. 24

$1.45 billion


Input: Lomas said Merrill Lynch, which owns bonds and equity in Lomas, couldn't continue as Lomas's investment banker because it is also a creditor.

Lomas

Merrill Lynch

Lomas

Lomas


Input: It said it chose Lazard in part because of Lazard's offices in Europe and Japan, where investors might be interested in a U.S. leasing company.

Lazard

Lazard

Europe

Japan

U.S.


Input: Of all the one - time expenses incurred by a corporation or professional firm, few are larger or longer term than the purchase of real estate or the signing of a commercial lease.

one