21928036@unknown@formal@none@1@S@"The consumer has to throw out the idea that the auction house is a disinterested middleman," says New York art dealer David Tunick.@@@@1@23@@oe@2-2-2013
21928037@unknown@formal@none@1@S@While he adds that he has no problem with auction houses who sell works in which they have a financial interest, "It ought not to be hidden in some small print."@@@@1@31@@oe@2-2-2013
21928038@unknown@formal@none@1@S@In such situations, he says, the house "is going to put the best light on things."@@@@1@16@@oe@2-2-2013
21928039@unknown@formal@none@1@S@For example, an auction house's comments on the condition of a work of art that is up for sale should be looked at with "very open eyes," he says.@@@@1@29@@oe@2-2-2013
21928040@unknown@formal@none@1@S@"There's more and more of this cash-up-front going on at every level," says Bruce Miller, president of Art Funding Corp., an art lender.@@@@1@23@@oe@2-2-2013
21928041@unknown@formal@none@1@S@Dealers and auction houses "know if they don't lay out a half a million for this, another one will; it's that competitive."@@@@1@22@@oe@2-2-2013
21928042@unknown@formal@none@1@S@In January, two small New York galleries, the Coe Kerr Gallery and Beadleston Fine Arts, snatched a major art collection owned by the Askin family away from rival auction-house bidders with an up-front payment of about $25 million.@@@@1@38@@oe@2-2-2013
21928043@unknown@formal@none@1@S@A Christie's spokeswoman said that while the auction house sometimes waives its seller's commission to attract art works -- it still gets a commission from the buyer -- Christie's won't offer financial guarantees because "Christie's believes its primary role is as an auction house, and therefore as an agent {for buyer and seller}, not as a bank.@@@@1@57@@oe@2-2-2013
21929001@unknown@formal@none@1@S@Egon Krenz, the man tapped yesterday to become East Germany's new leader, faces the same task that has fallen to neighboring socialist colleagues: reforming a country in crisis.@@@@1@28@@oe@2-2-2013
21929002@unknown@formal@none@1@S@But unlike the other new leaders in the East Bloc, Mr. Krenz will face an immediate threat to his nation's very existence: German reunification.@@@@1@24@@oe@2-2-2013
21929003@unknown@formal@none@1@S@Mr. Krenz, age 52, is known as an old-guard ironfist, one likely to continue the method of running a country that the Berlin Wall made famous.@@@@1@26@@oe@2-2-2013
21929004@unknown@formal@none@1@S@Even if he were to change his stripes and become another Milton Friedman, however, he would still stand a good chance of losing a country.@@@@1@25@@oe@2-2-2013
21929005@unknown@formal@none@1@S@Mr. Krenz almost certainly will be a younger version of Erich Honecker, his rigid predecessor as dictator.@@@@1@17@@oe@2-2-2013
21929006@unknown@formal@none@1@S@Mr. Krenz has followed much the same career path as Mr. Honecker: Both spent years overseeing the Freie Deutsche Jugend, the youth group that is the communist regime's principal tool for stamping young Germans into socialist citizens.@@@@1@37@@oe@2-2-2013
21929007@unknown@formal@none@1@S@More recently, Mr. Krenz has been in charge of East German security, and is the youngest member of the ruling Politburo.@@@@1@21@@oe@2-2-2013
21929008@unknown@formal@none@1@S@Faced with another Mr. Honecker, so many despairing East Germans are likely to flee that the two German peoples will get their reunification, de facto, on West German ground.@@@@1@29@@oe@2-2-2013
21929009@unknown@formal@none@1@S@But if East Germany's arthritic Politburo does loosen up enough to permit Mr. Krenz to make serious efforts at reform, he will face a challenge just as fundamental.@@@@1@28@@oe@2-2-2013
21929010@unknown@formal@none@1@S@Abandoning socialism means abandoning the East German state's reason for existence, and with it the justification for its watchdogs and its Wall.@@@@1@22@@oe@2-2-2013
21929011@unknown@formal@none@1@S@In this scenario it's hard to imagine that a pale imitation of the Federal Republic could avoid being pulled into some kind of tie -- economic, federal or stronger -- with West Germany.@@@@1@33@@oe@2-2-2013
21929012@unknown@formal@none@1@S@Mr. Krenz may need a bit of time to consolidate his empire, which would do a lot to promote Reunification Scenario One.@@@@1@22@@oe@2-2-2013
21929013@unknown@formal@none@1@S@Cartoonists in West Germany have already mocked the exodus by imagining an advertisement placed by Mr. Honecker: "Wanted: one people."@@@@1@20@@oe@2-2-2013
21929014@unknown@formal@none@1@S@The West German embassies in Prague, Budapest and Warsaw are continuing to find refugees at their gates.@@@@1@17@@oe@2-2-2013
21929015@unknown@formal@none@1@S@Of course East Germany, true to its tradition, could tighten its borders yet further.@@@@1@14@@oe@2-2-2013
21929016@unknown@formal@none@1@S@Two of the last gestures of the Honecker regime were to close the border to Czechoslovakia and install halogen lights in some spots along the frontier.@@@@1@26@@oe@2-2-2013
21929017@unknown@formal@none@1@S@But with world-wide opinion -- even, apparently in Moscow -- against East Germany, the country would have to turn itself into an Albania to clamp down further on refugees.@@@@1@29@@oe@2-2-2013
21929018@unknown@formal@none@1@S@There have been some reports that Mr. Krenz is moving to "soften" his reputation, notably rumors that it was he who kept East Germany's state police off protesters' backs at the country's dismal 40th anniversary celebrations earlier this month.@@@@1@39@@oe@2-2-2013
21929019@unknown@formal@none@1@S@But even if he effects a Hyde-to-Jekyll transformation, he will face a serious ideological crisis and Reunification Scenario Two.@@@@1@19@@oe@2-2-2013
21929020@unknown@formal@none@1@S@The problem is one that East Germany shares with other half-states, such as North Korea, but one it must shoulder alone in the East Bloc.@@@@1@25@@oe@2-2-2013
21929021@unknown@formal@none@1@S@When Poland moves to reform, it can at least lean on its past: However flawed and short-lived Joseph Pilsudski's interwar republic, it was a nonsocialist democracy.@@@@1@26@@oe@2-2-2013
21929022@unknown@formal@none@1@S@Czech reformers can recall the Wilsonian ideals of the same period in their country.@@@@1@14@@oe@2-2-2013
21929023@unknown@formal@none@1@S@Even the Soviet Union has Peter the Great to rediscover, should it choose to.@@@@1@14@@oe@2-2-2013
21929024@unknown@formal@none@1@S@But East Germany is merely "the land of truly existing socialism."@@@@1@11@@oe@2-2-2013
21929025@unknown@formal@none@1@S@Beyond that, it has to compete with West Germany for a claim to the German identity.@@@@1@16@@oe@2-2-2013
21929026@unknown@formal@none@1@S@Up to now, the main weapon of the "worker and peasant state" has been the ideology of socialism.@@@@1@18@@oe@2-2-2013
21929027@unknown@formal@none@1@S@With talk today of a second economic miracle in West Germany, East Germany no longer can content itself with being the economic star in a loser league.@@@@1@27@@oe@2-2-2013
21929028@unknown@formal@none@1@S@Without Moscow's military and party behind it, East Germany runs the risk of disintegrating.@@@@1@14@@oe@2-2-2013
21929029@unknown@formal@none@1@S@If it goes capitalist, and increases trade with West Germany, it will convert itself, willy-nilly, into an economic annex of the Federal Republic.@@@@1@23@@oe@2-2-2013
21929030@unknown@formal@none@1@S@There's a certain cruel logic at work here: It's particularly appropriate -- and tragic -- that the land that produced Karl Marx should prove socialism's failure in an experiment that uses its own people as controls.@@@@1@36@@oe@2-2-2013
21929031@unknown@formal@none@1@S@There may be forces that would delay this scenario.@@@@1@9@@oe@2-2-2013
21929032@unknown@formal@none@1@S@Ideologues are the last to surrender, and Germans are an ideological people.@@@@1@12@@oe@2-2-2013
21929033@unknown@formal@none@1@S@The protesters who greeted Mikhail Gorbachev at East Berlin's airport earlier this month weren't shouting "Go U.S.A" -- they were chanting "Gorby, Help Us."@@@@1@24@@oe@2-2-2013
21929034@unknown@formal@none@1@S@Ideologues on the other side of the border can also slow the process.@@@@1@13@@oe@2-2-2013
21929035@unknown@formal@none@1@S@Helmut Kohl's governing conservative coalition is proving admirably true to the West German constitution by making more than 500,000 people of German descent automatic citizens this year alone.@@@@1@28@@oe@2-2-2013
21929036@unknown@formal@none@1@S@But within the government and in the think tanks outside it, many West Germans maintain that they don't want immediate reunification.@@@@1@21@@oe@2-2-2013
21929037@unknown@formal@none@1@S@Politically, this currently is wisdom -- particularly given a nervous neighboring France.@@@@1@12@@oe@2-2-2013
21929038@unknown@formal@none@1@S@But it would be ironic if Germany's reunification, just like its division, eventually were the result of actions in centers of power other than Bonn and Berlin.@@@@1@27@@oe@2-2-2013
21929039@unknown@formal@none@1@S@In a statement that was as close as East Germany gets to practicing "glasnost", Otto Reinhold, an East German party theorist, actually acknowledged the reunification dilemma.@@@@1@26@@oe@2-2-2013
21929040@unknown@formal@none@1@S@"The main problem," Mr. Reinhold said in an East German radio interview monitored by Radio Free Europe in Munich, stems from the fact that "the GDR is different" from other East European states.@@@@1@33@@oe@2-2-2013
21929041@unknown@formal@none@1@S@"What kind of right to exist," he asked, "would a capitalist German Democratic Republic have alongside a capitalist Federal Republic?"@@@@1@20@@oe@2-2-2013
21929042@unknown@formal@none@1@S@That's a question East Germany can't answer easily, no matter what its new leader does.@@@@1@15@@oe@2-2-2013
21929043@unknown@formal@none@1@S@Miss Shlaes is editorial features editor of The Wall Street Journal/Europe.@@@@1@11@@oe@2-2-2013
21930001@unknown@formal@none@1@S@INSURERS ARE FACING billions of dollars in damage claims from the California quake.@@@@1@13@@oe@2-2-2013
21930002@unknown@formal@none@1@S@But most businesses in the Bay area, including Silicon Valley, weren't greatly affected.@@@@1@13@@oe@2-2-2013
21930003@unknown@formal@none@1@S@Computer and software companies in the region are expecting virtually no long-term disruption in shipments.@@@@1@15@@oe@2-2-2013
21930004@unknown@formal@none@1@S@Also, investors quickly singled out stocks of companies expected to profit or suffer from the disaster.@@@@1@16@@oe@2-2-2013
21930005@unknown@formal@none@1@S@Leveraged buy-outs may be curbed by two rules in pending congressional legislation.@@@@1@12@@oe@2-2-2013
21930006@unknown@formal@none@1@S@The provisions, in deficit-reduction bills recently passed by the House and Senate, could raise the price tags of such deals by up to 10% and cool the takeover boom.@@@@1@29@@oe@2-2-2013
21930007@unknown@formal@none@1@S@A bill giving the Transportation Department the power to block airline leveraged buy-outs cleared a House panel.@@@@1@17@@oe@2-2-2013
21930008@unknown@formal@none@1@S@But Secretary Skinner said he would urge Bush to veto the bill.@@@@1@12@@oe@2-2-2013
21930009@unknown@formal@none@1@S@Housing starts sank 5.2% in September to a seven-year low.@@@@1@10@@oe@2-2-2013
21930010@unknown@formal@none@1@S@The drop, following a 6.2% decline in August, indicates the industry is still being hurt by the Fed's anti-inflation battle.@@@@1@20@@oe@2-2-2013
21930011@unknown@formal@none@1@S@IBM plans to buy back $1 billion of its common shares, a move likely to help the computer giant's battered stock.@@@@1@21@@oe@2-2-2013
21930012@unknown@formal@none@1@S@The buy-back, which wasn't a complete surprise, was announced after the stock market had closed.@@@@1@15@@oe@2-2-2013
21930013@unknown@formal@none@1@S@A capital-gains tax cut plan has been worked out by Senate Republicans.@@@@1@12@@oe@2-2-2013
21930014@unknown@formal@none@1@S@A similar proposal may be introduced soon by Senate Democrats.@@@@1@10@@oe@2-2-2013
21930015@unknown@formal@none@1@S@British Airways said it is seeking improved terms and a sharply lower price in any revised bid for United Air's parent.@@@@1@21@@oe@2-2-2013
21930016@unknown@formal@none@1@S@The British carrier also confirmed it isn't committed to going forward with any new bid.@@@@1@15@@oe@2-2-2013
21930017@unknown@formal@none@1@S@UAL's stock fell $6.25, to $191.75.@@@@1@6@@oe@2-2-2013
21930018@unknown@formal@none@1@S@Stock prices rose slightly as trading slowed, while bonds ended little changed despite a slumping dollar.@@@@1@16@@oe@2-2-2013
21930019@unknown@formal@none@1@S@The Dow Jones industrials gained 4.92, to 2643.65.@@@@1@8@@oe@2-2-2013
21930020@unknown@formal@none@1@S@But investors remain wary about stocks, partly because of turmoil in the junk-bond market.@@@@1@14@@oe@2-2-2013
21930021@unknown@formal@none@1@S@B.A.T Industries may delay part of its defensive restructuring plan, including the sale of its Saks Fifth Avenue and Marshall Field units.@@@@1@22@@oe@2-2-2013
21930022@unknown@formal@none@1@S@The British conglomerate cited the recent turmoil in financial markets.@@@@1@10@@oe@2-2-2013
21930023@unknown@formal@none@1@S@WCRS Group announced a major restructuring that largely removes it from the advertising business.@@@@1@14@@oe@2-2-2013
21930024@unknown@formal@none@1@S@The London-based concern will sell most of its ad unit to France's Eurocom.@@@@1@13@@oe@2-2-2013
21930025@unknown@formal@none@1@S@Commodore International expects to post its second consecutive quarterly loss because of weak personal computer sales in some markets.@@@@1@19@@oe@2-2-2013
21930026@unknown@formal@none@1@S@Jaguar hopes to reach a friendly accord with General Motors within a month that may involve producing a cheaper executive model.@@@@1@21@@oe@2-2-2013
21930027@unknown@formal@none@1@S@Sears is negotiating to refinance its Sears Tower for close to $850 million, sources said.@@@@1@15@@oe@2-2-2013
21930028@unknown@formal@none@1@S@The retailer was unable to find a buyer for the building.@@@@1@11@@oe@2-2-2013
21930029@unknown@formal@none@1@S@Whitbread of Britain put its spirits division up for sale, setting off a scramble among distillers.@@@@1@16@@oe@2-2-2013
21930030@unknown@formal@none@1@S@The business includes Beefeater gin.@@@@1@5@@oe@2-2-2013
21930031@unknown@formal@none@1@S@Markets --@@@@1@2@@oe@2-2-2013
21930032@unknown@formal@none@1@S@Stocks: Volume 166,900,000 shares.@@@@1@4@@oe@2-2-2013
21930033@unknown@formal@none@1@S@Dow Jones industrials 2643.65, up 4.92; transportation 1247.87, off 6.40; utilities 213.97, off 0.57.@@@@1@14@@oe@2-2-2013
21930034@unknown@formal@none@1@S@Bonds: Shearson Lehman Hutton Treasury index 3371.36, off@@@@1@8@@oe@2-2-2013
21930035@unknown@formal@none@1@S@Commodities: Dow Jones futures index 129.90, up 0.18; spot index 130.36, up 0.39.@@@@1@13@@oe@2-2-2013
21930036@unknown@formal@none@1@S@Dollar: 141.45 yen, off 1.30; 1.8485 marks, off 0.0182.@@@@1@9@@oe@2-2-2013
21931001@unknown@formal@none@1@S@The dollar finished softer yesterday, tilted lower by continued concern about the stock market.@@@@1@14@@oe@2-2-2013
21931002@unknown@formal@none@1@S@"We're trading with a very wary eye on Wall Street," said Trevor Woodland, chief corporate trader at Harris Trust & Savings Bank in New York.@@@@1@25@@oe@2-2-2013
21931003@unknown@formal@none@1@S@"No one is willing to place a firm bet that the stock market won't take another tumultuous ride."@@@@1@18@@oe@2-2-2013
21931004@unknown@formal@none@1@S@News of the major earthquake in California Tuesday triggered a round of dollar sales in early Asian trade, but most foreign-exchange dealers said they expect the impact of the quake on financial markets to be short-lived.@@@@1@36@@oe@2-2-2013
21931005@unknown@formal@none@1@S@Despite the dollar's lackluster performance, some foreign-exchange traders maintain that the U.S. unit remains relatively well bid.@@@@1@17@@oe@2-2-2013
21931006@unknown@formal@none@1@S@Harris Trust's Mr. Woodland noted that the unit continues to show resilience in the face of a barrage of "headline negatives" in recent weeks, including rate increases in Europe and Japan, aggressive central bank intervention, a 190-point plunge in New York stock prices, an unexpectedly poor U.S. trade report and action by the Federal Reserve to nudge U.S. rates lower.@@@@1@60@@oe@2-2-2013
21931007@unknown@formal@none@1@S@While Mr. Woodland doesn't predict a significant climb for the U.S. unit in light of recent moves in interest rates around the world, he noted that "its downside potential is surprisingly and -- for dollar bulls -- "impressively" limited.@@@@1@39@@oe@2-2-2013
21931008@unknown@formal@none@1@S@In late New York trading yesterday, the dollar was quoted at 1.8485 marks, down from 1.8667 marks late Tuesday, and at 141.45 yen, down from 142.75 yen late Tuesday.@@@@1@29@@oe@2-2-2013
21931009@unknown@formal@none@1@S@Sterling was quoted at $1.5920, up from $1.5753 late Tuesday.@@@@1@10@@oe@2-2-2013
21931010@unknown@formal@none@1@S@In Tokyo Thursday, the U.S. currency opened for trading at 140.97 yen, down from Wednesday's Tokyo close of 142.10 yen.@@@@1@20@@oe@2-2-2013
21931011@unknown@formal@none@1@S@Since Friday's dive in stock market prices, the Fed has injected reserves into the banking system in an effort to calm the markets and avert a repeat of 1987's stock market debacle.@@@@1@32@@oe@2-2-2013
21931012@unknown@formal@none@1@S@Some analysts note that after last week's stock market tailspin and Tuesday's California earthquake, it's hard to gauge where the central bank wants the key federal funds rate.@@@@1@28@@oe@2-2-2013
21931013@unknown@formal@none@1@S@They say that the earthquake, by preventing many banks from operating at full capacity, has given the Fed an additional reason to keep liquidity at a high level.@@@@1@28@@oe@2-2-2013
21931014@unknown@formal@none@1@S@The Fed did, in fact, execute $1.5 billion of liquidity-enhancing customer repurchase agreements, the third set of repurchase orders in three days.@@@@1@22@@oe@2-2-2013
21931015@unknown@formal@none@1@S@Analysts said the additional liquidity should tend to reduce the federal funds rate.@@@@1@13@@oe@2-2-2013
21931016@unknown@formal@none@1@S@For now, traders say the foreign exchange market is scrutinizing both federal funds and events on Wall Street.@@@@1@18@@oe@2-2-2013
21931017@unknown@formal@none@1@S@They note that the dollar remains extremely vulnerable to the slightest bad news from the stock exchange.@@@@1@17@@oe@2-2-2013
21931018@unknown@formal@none@1@S@Indeed, the U.S. unit edged lower as the Dow Jones Industrial Average dropped about 13 points in early trading.@@@@1@19@@oe@2-2-2013
21931019@unknown@formal@none@1@S@A slight recovery in the stock market gave currency traders confidence to push the dollar higher before the unit dropped back by day's end.@@@@1@24@@oe@2-2-2013
21931020@unknown@formal@none@1@S@Some dealers noted that nervousness over the recent sharp dive in stock prices could intensify following suggestions by Bank of Japan Governor Satoshi Sumita that appeared to advise Japanese investors to be very careful in investing in U.S. leveraged buy-outs.@@@@1@40@@oe@2-2-2013
21931021@unknown@formal@none@1@S@Dealers suggest that the only positive news on the horizon that could detract attention from equities transactions is September's U.S. consumer price data.@@@@1@23@@oe@2-2-2013
21931022@unknown@formal@none@1@S@The figures, due for release Friday, are expected to show an uptick in inflation to 4.8% from 4.7% in August.@@@@1@20@@oe@2-2-2013
21931023@unknown@formal@none@1@S@If the figures show a hefty rise in inflation, they could militate against easing by the Fed.@@@@1@17@@oe@2-2-2013
21931024@unknown@formal@none@1@S@On the Commodity Exchange in New York, gold for current delivery rose $1.30 to $368.70 an ounce in moderate trading.@@@@1@20@@oe@2-2-2013
21931025@unknown@formal@none@1@S@Estimated volume was three million ounces.@@@@1@6@@oe@2-2-2013
21931026@unknown@formal@none@1@S@In early trading in Hong Kong Thursday, gold was at $368.15 an ounce.@@@@1@13@@oe@2-2-2013
21932001@unknown@formal@none@1@S@Crude prices spurted upward in brisk trading on the assumption that heavy earthquake damage occurred to San Francisco area refinery complexes, but the rise quickly fizzled when it became apparent that oil operations weren't severely curtailed.@@@@1@36@@oe@2-2-2013
21932002@unknown@formal@none@1@S@Trading on little specific information, market players overnight in Tokyo began bidding up oil prices.@@@@1@15@@oe@2-2-2013
21932003@unknown@formal@none@1@S@The rally spread into European markets, where traders were still betting that the earthquake disrupted the San Francisco area's large oil refining plants.@@@@1@23@@oe@2-2-2013
21932004@unknown@formal@none@1@S@By yesterday morning, much of the world was still unable to reach San Francisco by telephone.@@@@1@16@@oe@2-2-2013
21932005@unknown@formal@none@1@S@West Texas Intermediate was bid up more than 20 cents a barrel in many overseas markets.@@@@1@16@@oe@2-2-2013
21932006@unknown@formal@none@1@S@At the opening of the New York Mercantile Exchange, West Texas Intermediate for November delivery shot up 10 cents a barrel, to $20.85, still on the belief that the refineries were damaged.@@@@1@32@@oe@2-2-2013
21932007@unknown@formal@none@1@S@In the San Francisco area, roughly 800,000 barrels a day of crude, about a third of all the refining capacity in California, is processed daily, according to industry data.@@@@1@29@@oe@2-2-2013
21932008@unknown@formal@none@1@S@For more than the past year, even the rumor of a major West Coast refinery shutdown has been enough to spark a futures rally because the gasoline market is so tight.@@@@1@31@@oe@2-2-2013
21932009@unknown@formal@none@1@S@But yesterday, as the morning wore on, some major West Coast refinery operators -- including Chevron Corp., Exxon Corp. and the Shell Oil Co. unit of Royal Dutch/Shell Group -- said their refineries weren't damaged and were continuing to operate normally.@@@@1@41@@oe@2-2-2013
21932010@unknown@formal@none@1@S@Most said they shut down their petroleum pipeline operations as a precaution but didn't see any immediate damage.@@@@1@18@@oe@2-2-2013
21932011@unknown@formal@none@1@S@Gasoline terminals were also largely unhurt, they said.@@@@1@8@@oe@2-2-2013
21932012@unknown@formal@none@1@S@"It's hard to imagine how the markets were speculating, given that nobody could get through to San Francisco," said one amazed oil company executive.@@@@1@24@@oe@2-2-2013
21932013@unknown@formal@none@1@S@As the news spread that the refineries were intact, crude prices plunged, ending the day at $20.56 a barrel, down 19 cents.@@@@1@22@@oe@2-2-2013
21932014@unknown@formal@none@1@S@Gasoline for November delivery was off 1.26 cents a gallon to 54.58 cents.@@@@1@13@@oe@2-2-2013
21932015@unknown@formal@none@1@S@Heating oil finished at 60.6 cents, down 0.45 cent.@@@@1@9@@oe@2-2-2013
21932016@unknown@formal@none@1@S@"The market was basically acting on two contradictory forces," said Nauman Barakat of Shearson Lehman Hutton Inc.@@@@1@17@@oe@2-2-2013
21932017@unknown@formal@none@1@S@"One is the panic, the earthquake in San Francisco, which is positive."@@@@1@12@@oe@2-2-2013
21932018@unknown@formal@none@1@S@But once that factor was eliminated, traders took profits and focused on crude oil inventories, Mr. Barakat said.@@@@1@18@@oe@2-2-2013
21932019@unknown@formal@none@1@S@After the market closed Tuesday, the American Petroleum Institute had reported that crude stocks increased by 5.7 million barrels in the week ended Friday, which traders viewed as bearish.@@@@1@29@@oe@2-2-2013
21932020@unknown@formal@none@1@S@But some market players still think earthquake speculation could have more impact on the oil markets.@@@@1@16@@oe@2-2-2013
21932021@unknown@formal@none@1@S@"The problem is that while on the surface everything is all right, the question is," said Mr. Barakat, "was there any structural damage to the pipelines or anything else."@@@@1@29@@oe@2-2-2013
21932022@unknown@formal@none@1@S@In other commodity markets yesterday:@@@@1@5@@oe@2-2-2013
21932023@unknown@formal@none@1@S@COPPER:@@@@1@1@@oe@2-2-2013
21932024@unknown@formal@none@1@S@Futures prices eased on indications of improvement in the industry's labor situation.@@@@1@12@@oe@2-2-2013
21932025@unknown@formal@none@1@S@The December contract declined 1.85 cents a pound to $1.2645.@@@@1@10@@oe@2-2-2013
21932026@unknown@formal@none@1@S@According to one analyst, workers at the Cananea copper mine in Mexico, which hasn't been operating since it was declared bankrupt by the Mexican government in late August, are set to return to work.@@@@1@34@@oe@2-2-2013
21932027@unknown@formal@none@1@S@The analyst said it will take about two to three months before the mine begins to produce copper in significant quantities.@@@@1@21@@oe@2-2-2013
21932028@unknown@formal@none@1@S@He added that, while there hasn't been any official announcement as yet, the Highland Valley mine strike in British Columbia, which has lasted more than three months, is regarded as settled.@@@@1@31@@oe@2-2-2013
21932029@unknown@formal@none@1@S@Another analyst said the Cananea return to operation may not be as near as some expect.@@@@1@16@@oe@2-2-2013
21932030@unknown@formal@none@1@S@"There are still negotiations taking place on whether there will be a loss of jobs, which has been a critical issue all along," he said.@@@@1@25@@oe@2-2-2013
21932031@unknown@formal@none@1@S@Nevertheless, the increasing likelihood that these two major supply disruptions will be resolved weighed on the market, the analysts agreed.@@@@1@20@@oe@2-2-2013
21932032@unknown@formal@none@1@S@Both of these mines are normally major suppliers of copper to Japan, which has been buying copper on the world market.@@@@1@21@@oe@2-2-2013
21932033@unknown@formal@none@1@S@The first analyst said that the Japanese, as well as the Chinese, bought copper earlier in the week in London, but that this purchasing has since slackened as the supply situation, at least over the long term, appears to have improved.@@@@1@41@@oe@2-2-2013
21932034@unknown@formal@none@1@S@"The focus for some time has been on the copper supply, and good demand has been taken for granted," he said.@@@@1@21@@oe@2-2-2013
21932035@unknown@formal@none@1@S@"Now that the supply situation seems to be improving, it would be best for traders to switch their concentration to the demand side."@@@@1@23@@oe@2-2-2013
21932036@unknown@formal@none@1@S@He noted the Commerce Department report yesterday that housing starts in September dropped 5.2% from August to 1.26 million units on an annualized basis, the lowest level in seven years.@@@@1@30@@oe@2-2-2013
21932037@unknown@formal@none@1@S@"Along with these factors, other economic reports suggest a slowing of the economy, which could mean reduced copper usage," he said.@@@@1@21@@oe@2-2-2013
21932038@unknown@formal@none@1@S@SUGAR:@@@@1@1@@oe@2-2-2013
21932039@unknown@formal@none@1@S@Futures prices extended Tuesday's gains.@@@@1@5@@oe@2-2-2013
21932040@unknown@formal@none@1@S@The March delivery ended with an advance of 0.16 cent a pound to 14.27 cents, for a two-day gain of 0.3 cent.@@@@1@22@@oe@2-2-2013
21932041@unknown@formal@none@1@S@According to one dealer, Japan said it has only 40,000 tons of sugar remaining to be shipped to it this year by Cuba under current commitments.@@@@1@26@@oe@2-2-2013
21932042@unknown@formal@none@1@S@The announcement was made because of reports Tuesday that Cuba would delay shipments to Japan scheduled for later this year, into early next year.@@@@1@24@@oe@2-2-2013
21932043@unknown@formal@none@1@S@The dealer said the quantity mentioned in the Japanese announcement is so small that it's meaningless.@@@@1@16@@oe@2-2-2013
21932044@unknown@formal@none@1@S@One analyst said he thought the market continued to be supported to some degree by a delay in the Cuban sugar harvest caused by adverse weather.@@@@1@26@@oe@2-2-2013
21932045@unknown@formal@none@1@S@The dealer said India might be the real factor that is keeping futures prices firm.@@@@1@15@@oe@2-2-2013
21932046@unknown@formal@none@1@S@That country recently bought 200,000 tons of sugar and had been expected to seek a like quantity last week but didn't.@@@@1@21@@oe@2-2-2013
21932047@unknown@formal@none@1@S@"It's known they need the sugar, and the expectation that they will come in is apparently giving the market its principal support," the dealer said.@@@@1@25@@oe@2-2-2013
21932048@unknown@formal@none@1@S@LIVESTOCK AND MEATS:@@@@1@3@@oe@2-2-2013
21932049@unknown@formal@none@1@S@The Agriculture Department is expected to announce tomorrow that the number of cattle in the 13 major ranch states slipped 4% to 8.21 million on Oct. 1 compared with the level a year earlier, said Tom Morgan, president of Sterling Research Corp., Arlington Heights, Ill.@@@@1@45@@oe@2-2-2013
21932050@unknown@formal@none@1@S@Cattle prices have risen in recent weeks on speculation that the government's quarterly report will signal tighter supplies of beef.@@@@1@20@@oe@2-2-2013
21932051@unknown@formal@none@1@S@Among other things, the government is expected to report that the number of young cattle placed on feedlots during the quarter slipped 3%.@@@@1@23@@oe@2-2-2013
21932052@unknown@formal@none@1@S@Feedlots fatten cattle for slaughter, so a drop indicates that the production of beef will dip this winter.@@@@1@18@@oe@2-2-2013
21932053@unknown@formal@none@1@S@Indeed, some analysts expect the government to report that the movement of young cattle onto feedlots in the month of September in seven big ranch states dropped 8% compared with the level for September 1988.@@@@1@35@@oe@2-2-2013
21933001@unknown@formal@none@1@S@The following issues were recently filed with the Securities and Exchange Commission:@@@@1@12@@oe@2-2-2013
21933002@unknown@formal@none@1@S@Health Care Property Investors Inc., offering of 2,250,000 shares of common stock, via Merrill Lynch Capital Markets, Alex. Brown & Sons Inc. and Dean Witter Reynolds Inc.@@@@1@27@@oe@2-2-2013
21933003@unknown@formal@none@1@S@Union Pacific Corp., shelf offering of up to $500 million debt securities and warrants.@@@@1@14@@oe@2-2-2013
21933004@unknown@formal@none@1@S@United Technologies Corp., shelf offering of up to $500 million unsubordinated non-convertible unsecured debt securities.@@@@1@15@@oe@2-2-2013
21934001@unknown@formal@none@1@S@A new drug to prevent the rejection of transplanted organs has been successfully used on more than 100 patients at the University of Pittsburgh, according to researchers.@@@@1@27@@oe@2-2-2013
21934002@unknown@formal@none@1@S@The drug, which is still in the experimental phase, hasn't been approved yet by the Food and Drug Admistration, and its long-term effects are unknown.@@@@1@25@@oe@2-2-2013
21934003@unknown@formal@none@1@S@But researchers say the drug, called FK-506, could revolutionize the transplantation field by reducing harmful side effects and by lowering rejection rates.@@@@1@22@@oe@2-2-2013
21934004@unknown@formal@none@1@S@Rejection has been the major obstacle in the approximately 30,000 organ transplants performed world-wide each year.@@@@1@16@@oe@2-2-2013
21934005@unknown@formal@none@1@S@Researchers began using the drug in February on patients who had received kidney, liver, heart and pancreas transplants.@@@@1@18@@oe@2-2-2013
21934006@unknown@formal@none@1@S@Only two of 111 transplants have been rejected.@@@@1@8@@oe@2-2-2013
21934007@unknown@formal@none@1@S@The drug, discovered in 1984, is metabolized from soil fungus found in Japan.@@@@1@13@@oe@2-2-2013
21934008@unknown@formal@none@1@S@The Pittsburgh patients are the first humans to be given the drug, which is made by Fujisawa Pharmaceutical Co.@@@@1@19@@oe@2-2-2013
21934009@unknown@formal@none@1@S@"We're shocked by it, because it's worked so fast," said Dr. Thomas E. Starzl, director of the University of Pittsburgh Transplantation Program, at a news conference here yesterday.@@@@1@28@@oe@2-2-2013
21934010@unknown@formal@none@1@S@"We consider it a life-saving drug, like one for AIDS," said Dr. John Fung, an immunologist at the University of Pittsburgh.@@@@1@21@@oe@2-2-2013
21934011@unknown@formal@none@1@S@Researchers say they believe FK-506 is 100 times more effective than the traditional anti-rejection drug, cyclosporine, made by Swiss pharmaceutical giant Sandoz Ltd.@@@@1@23@@oe@2-2-2013
21934012@unknown@formal@none@1@S@They are also encouraged by the relatively mild side effects of FK-506, compared with cyclosporine, which can cause renal failure, morbidity, nausea and other problems.@@@@1@25@@oe@2-2-2013
21934013@unknown@formal@none@1@S@"The side effects {of cyclosporine} have made the penalty for its success rather high," Dr. Starzl said.@@@@1@17@@oe@2-2-2013
21934014@unknown@formal@none@1@S@Dr. Fung said that FK-506 would not be available in the market for at least a year, and that the FDA approval process usually takes three years to five years.@@@@1@30@@oe@2-2-2013
21934015@unknown@formal@none@1@S@There are no firm plans to expand the experimental program beyond the University of Pittsburgh, whose hospital performs the most transplants in the world.@@@@1@24@@oe@2-2-2013
21934016@unknown@formal@none@1@S@Researchers couldn't estimate the cost of the drug when it reaches the market, but they said FK-506 will enable patients to cut hospital stays by 50% and reduce the number of blood tests used to monitor the dosage of cyclosporine and other drugs among transplant recipients.@@@@1@46@@oe@2-2-2013
21934017@unknown@formal@none@1@S@Dr. Starzl said the research has been largely financed by the National Institute of Health and by university funds, and that Fujisawa didn't give the hospital any grants.@@@@1@28@@oe@2-2-2013
21934018@unknown@formal@none@1@S@He said that the research team had no financial stake in the drug.@@@@1@13@@oe@2-2-2013
21934019@unknown@formal@none@1@S@"We've known for six months the effect of this drug, and our advice to our people has been not to buy the company's stock," Dr. Starzl said, adding that profiting from FK-506 wouldn't be ethical.@@@@1@35@@oe@2-2-2013
21935001@unknown@formal@none@1@S@Economist David N. Laband's Sept. 27 editorial-page article, "In Hugo's Path, a Man-Made Disaster," decries the control of price gouging, swiftly ordered by South Carolina's governor after Hurricane Hugo.@@@@1@29@@oe@2-2-2013
21935002@unknown@formal@none@1@S@According to Mr. Laband, "screaming" for price controls occurs when income redistribution "threatens to hit home."@@@@1@16@@oe@2-2-2013
21935003@unknown@formal@none@1@S@To be sure, the threat has hit home down here.@@@@1@10@@oe@2-2-2013
21935004@unknown@formal@none@1@S@Yet in Mr. Laband's rehash of free-market logic, human greed and self-interest are the only permissible psychological reactions.@@@@1@18@@oe@2-2-2013
21935005@unknown@formal@none@1@S@Allowing uncontrolled prices for necessities would indeed shorten the lines at stores, as he contends.@@@@1@15@@oe@2-2-2013
21935006@unknown@formal@none@1@S@But not because resources are going to their most efficient use, leaving scarce goods "allocated to those buyers who place the highest value on them."@@@@1@25@@oe@2-2-2013
21935007@unknown@formal@none@1@S@Rather, lines would diminish because at higher prices many victims could not afford necessities such as food and medical supplies.@@@@1@20@@oe@2-2-2013
21935008@unknown@formal@none@1@S@It is inhumane to imply that a poor, unemployed woman cannot receive immediate relief for her family at fair prices because she does not have as much to protect as a rich family.@@@@1@33@@oe@2-2-2013
21935009@unknown@formal@none@1@S@Moreover, essential relief supplies such as ice must be distributed throughout the population because of potential health problems from spoiled food and possible outbreak of disease.@@@@1@26@@oe@2-2-2013
21935010@unknown@formal@none@1@S@Such spillover effects give the state a right to intervene in the marketplace and temporarily coordinate allocation of resources.@@@@1@19@@oe@2-2-2013
21935011@unknown@formal@none@1@S@Fortunately, volunteers and charities are not motivated by self-interest, but by altruism.@@@@1@12@@oe@2-2-2013
21935012@unknown@formal@none@1@S@Why should they have to co-exist with opportunists rushing in to turn a quick profit?@@@@1@15@@oe@2-2-2013
21935013@unknown@formal@none@1@S@These latter-day scalawags would be ill-advised to take advantage of the situation, if they ever expect to face the people of South Carolina again.@@@@1@24@@oe@2-2-2013
21935014@unknown@formal@none@1@S@The government is actually protecting avaricious ice-baggers and other profiteers who cannot see beyond their own short-term gain.@@@@1@18@@oe@2-2-2013
21935015@unknown@formal@none@1@S@South Carolina deserves an A for its quick and timely relief efforts.@@@@1@12@@oe@2-2-2013
21935016@unknown@formal@none@1@S@Mr. Laband, meanwhile, gets an A for his rote recital of economic-efficiency arguments.@@@@1@13@@oe@2-2-2013
21935017@unknown@formal@none@1@S@Give him an F for his failure to understand the ethics of economic equity.@@@@1@14@@oe@2-2-2013
21935018@unknown@formal@none@1@S@Signed by 25 students@@@@1@4@@oe@2-2-2013
21935019@unknown@formal@none@1@S@Of Douglas Woodward's Honors Economics Class,@@@@1@6@@oe@2-2-2013
21935020@unknown@formal@none@1@S@University of South Carolina@@@@1@4@@oe@2-2-2013
21935021@unknown@formal@none@1@S@Columbia, S.C.@@@@1@2@@oe@2-2-2013
21935022@unknown@formal@none@1@S@Mr. Laband gives us an idea why economists' predictions are usually wrong.@@@@1@12@@oe@2-2-2013
21935023@unknown@formal@none@1@S@They set up absurd situations, detached from reality, and then try to reason from them.@@@@1@15@@oe@2-2-2013
21935024@unknown@formal@none@1@S@I'm surprised he didn't advocate letting people loot, since that behavior can also be foreseen in a disaster and "every individual has an incentive to alter the distribution of income in his favor."@@@@1@33@@oe@2-2-2013
21935025@unknown@formal@none@1@S@Price controls were "so fervently embraced by Charleston" because price gouging in this situation is equivalent to looting.@@@@1@18@@oe@2-2-2013
21935026@unknown@formal@none@1@S@Suzanne Foster@@@@1@2@@oe@2-2-2013
21935027@unknown@formal@none@1@S@Galax, Va.@@@@1@2@@oe@2-2-2013
21935028@unknown@formal@none@1@S@Mr. Laband described one of the more insidious threats we face when dealing with disasters such as Hugo -- anti-profiteering ordinances such as that by the Charleston City Council as it thrashed about trying to Do Something.@@@@1@37@@oe@2-2-2013
21935029@unknown@formal@none@1@S@Since he concentrated on the economic folly of such ordinances, he didn't mention certain other of their effects.@@@@1@18@@oe@2-2-2013
21935030@unknown@formal@none@1@S@They divert law-enforcement resources at a time they are most needed for protecting lives and property.@@@@1@16@@oe@2-2-2013
21935031@unknown@formal@none@1@S@Also, rather than increase supplies, they reduce them and encourage hoarding.@@@@1@11@@oe@2-2-2013
21935032@unknown@formal@none@1@S@And they, or even the prospect of them, discourage disaster preparedness in the form of speculative advance stocking of supplies by merchants.@@@@1@22@@oe@2-2-2013
21935033@unknown@formal@none@1@S@N. Joseph Potts@@@@1@3@@oe@2-2-2013
21935034@unknown@formal@none@1@S@Miami Lakes, Fla.@@@@1@3@@oe@2-2-2013
21935035@unknown@formal@none@1@S@Would Mr. Laband also suggest that the Red Cross, Salvation Army, military units, police, fire departments, rescue units and individual citizens cease their efforts to assist Hugo's victims because they interfere with his concept of the "free market"?@@@@1@38@@oe@2-2-2013
21935036@unknown@formal@none@1@S@What about those caring people all over the country who are donating food, water and other necessities of life to these people who could be any of us?@@@@1@28@@oe@2-2-2013
21935037@unknown@formal@none@1@S@Should they, too, stop "messing with" his free market?@@@@1@9@@oe@2-2-2013
21935038@unknown@formal@none@1@S@Maybe he thinks they should also sell to the highest bidder.@@@@1@11@@oe@2-2-2013
21935039@unknown@formal@none@1@S@And what about insurance firms?@@@@1@5@@oe@2-2-2013
21935040@unknown@formal@none@1@S@Should they be required to pay claims based on exorbitant costs for labor and materials?@@@@1@15@@oe@2-2-2013
21935041@unknown@formal@none@1@S@Mr. Laband should beware, since he lives in South Carolina.@@@@1@10@@oe@2-2-2013
21935042@unknown@formal@none@1@S@In a free market, his insurance rates can be raised to recover insurance-company losses.@@@@1@14@@oe@2-2-2013
21935043@unknown@formal@none@1@S@John W. Rush@@@@1@3@@oe@2-2-2013
21935044@unknown@formal@none@1@S@Marietta, Ga.@@@@1@2@@oe@2-2-2013
21935045@unknown@formal@none@1@S@Having been through several tornadoes and hurricanes, I have a different perspective.@@@@1@12@@oe@2-2-2013
21935046@unknown@formal@none@1@S@Mine comes from seeing thriving communities devastated -- but only temporarily.@@@@1@11@@oe@2-2-2013
21935047@unknown@formal@none@1@S@Their recovery came surprisingly fast, and always with the help of neighbors.@@@@1@12@@oe@2-2-2013
21935048@unknown@formal@none@1@S@The shock of seeing homes destroyed and city services disrupted may cause some to confuse priorities such as the true economic value of a freezer full of meat.@@@@1@28@@oe@2-2-2013
21935049@unknown@formal@none@1@S@In Texas after Hurricane Alicia, major grocery chains used their truck fleets to ship essential goods to Houston, no gouging, just good will.@@@@1@23@@oe@2-2-2013
21935050@unknown@formal@none@1@S@Tom Mongan@@@@1@2@@oe@2-2-2013
21935051@unknown@formal@none@1@S@Victoria, Texas@@@@1@2@@oe@2-2-2013
21935052@unknown@formal@none@1@S@We here in the affected areas were dazzled by Mr. Laband's analysis of time values and his comparisons of effectiveness concerning research and development.@@@@1@24@@oe@2-2-2013
21935053@unknown@formal@none@1@S@His theoretical approach and its publication in this venerable paper are no doubt a noteworthy accomplishment for him.@@@@1@18@@oe@2-2-2013
21935054@unknown@formal@none@1@S@Too bad theory fails in practice.@@@@1@6@@oe@2-2-2013
21935055@unknown@formal@none@1@S@We consumers tend to have long memories.@@@@1@7@@oe@2-2-2013
21935056@unknown@formal@none@1@S@The businesses subscribing to Mr. Laband's effective price system will be remembered when normalcy returns.@@@@1@15@@oe@2-2-2013
21935057@unknown@formal@none@1@S@Perhaps, considering the value of our time, we will be unable to patronize their establishments in the post-Hugo era.@@@@1@19@@oe@2-2-2013
21935058@unknown@formal@none@1@S@I have a question for Mr. Laband: How do I explain to the single mother of three standing in line next to me for the past three hours that the two bags of ice she needs to keep her children's food edible will take her last $20?@@@@1@47@@oe@2-2-2013
21935059@unknown@formal@none@1@S@I'm sure she'll appreciate what an efficient reaction to her problems the price system has created.@@@@1@16@@oe@2-2-2013
21935060@unknown@formal@none@1@S@Chris Edgar@@@@1@2@@oe@2-2-2013
21935061@unknown@formal@none@1@S@Myrtle Beach, S.C.@@@@1@3@@oe@2-2-2013
21936001@unknown@formal@none@1@S@This seems to be the season for revivals in Chicago.@@@@1@10@@oe@2-2-2013
21936002@unknown@formal@none@1@S@Though the Cubs' championship season ended with the National League playoffs, a revival of the Organic Theater's production of "Bleacher Bums," a play in nine innings set in the Wrigley Field bleachers, continues within spitting distance of the ballpark.@@@@1@39@@oe@2-2-2013
21936003@unknown@formal@none@1@S@Revivals of a different sort also are being offered by our two major theater troupes, the Goodman and Steppenwolf.@@@@1@19@@oe@2-2-2013
21936004@unknown@formal@none@1@S@Each is more problematic than an unexpected divisional baseball championship, but both help explain why Chicago remains a vital center of this country's regional theater movement.@@@@1@26@@oe@2-2-2013
21936005@unknown@formal@none@1@S@The Goodman is offering a modernized version of Moliere's "The Misanthrope" through Nov. 4.@@@@1@14@@oe@2-2-2013
21936006@unknown@formal@none@1@S@The original is a comedy about Alceste, a man who sees falseness and vanity in everyone except himself.@@@@1@18@@oe@2-2-2013
21936007@unknown@formal@none@1@S@He is the jealous friend of Philinte, and the jealous lover of Celimene.@@@@1@13@@oe@2-2-2013
21936008@unknown@formal@none@1@S@The play is filled with intrigue, dishonesty and injustice.@@@@1@9@@oe@2-2-2013
21936009@unknown@formal@none@1@S@Twenty-five years ago the poet Richard Wilbur modernized this 17th-century comedy merely by avoiding "the zounds sort of thing," as he wrote in his introduction.@@@@1@25@@oe@2-2-2013
21936010@unknown@formal@none@1@S@Otherwise, the scene remained Celimene's house in 1666.@@@@1@8@@oe@2-2-2013
21936011@unknown@formal@none@1@S@Assuming modern audiences readily understand that Moliere's social indictment covers their world as well as 17th-century Paris, Mr. Wilbur concentrated his formidable artistry on rendering the Alexandrine French verse into sprightly and theatrical English iambic pentameter.@@@@1@36@@oe@2-2-2013
21936012@unknown@formal@none@1@S@The Wilbur translation is remarkable -- well worth a read and even better seen in the theater if you ever have the opportunity.@@@@1@23@@oe@2-2-2013
21936013@unknown@formal@none@1@S@But if you happen to be coming to Chicago in the next few weeks, don't fail to have a look at Robert Falls's "The Misanthrope" at the Goodman.@@@@1@28@@oe@2-2-2013
21936014@unknown@formal@none@1@S@If Mr. Wilbur's translation is a finely ground lens through which we see the pettiness and corruption of 17th-century Paris, Mr. Falls's production is a mirror in which we see ourselves.@@@@1@31@@oe@2-2-2013
21936015@unknown@formal@none@1@S@Mr. Falls, the Goodman's artistic director, took a recent adaptation by Neil Bartlett and significantly adapted it.@@@@1@17@@oe@2-2-2013
21936016@unknown@formal@none@1@S@Mr. Bartlett had slimmed Moliere's cast of characters to six and set them in the London media world of Thatcherite Britain.@@@@1@21@@oe@2-2-2013
21936017@unknown@formal@none@1@S@Mr. Falls transfers the setting to Hollywood, and transforms the characters into what passes for aristocracy there -- agents, producers, actors, writers and sycophants.@@@@1@24@@oe@2-2-2013
21936018@unknown@formal@none@1@S@It works.@@@@1@2@@oe@2-2-2013
21936019@unknown@formal@none@1@S@Mr. Bartlett managed to more or less maintain Moliere's Alexandrine verse form, 12 syllable lines in rhyming couplets.@@@@1@18@@oe@2-2-2013
21936020@unknown@formal@none@1@S@Mr. Falls kept the form, but Americanized it with Mr. Bartlett's further help.@@@@1@13@@oe@2-2-2013
21936021@unknown@formal@none@1@S@With a splendid cast led by David Darlow as Alceste, Christina Haag as Celimene and, especially, William Brown as a Philinte who plays the Hollywood game but harbors authentic values and feelings, the Goodman production barrels through an all-night Hollywood party with exuberance and wit.@@@@1@45@@oe@2-2-2013
21936022@unknown@formal@none@1@S@If this version, with its references to Steven Spielberg, Spago and "thirtysomething" attracts younger audiences who might stay away from the classical version, then Messrs. Bartlett and Falls are justified in abandoning Mr. Wilbur.@@@@1@34@@oe@2-2-2013
21936023@unknown@formal@none@1@S@A 300-year-old play may be easier to revive than one merely 25.@@@@1@12@@oe@2-2-2013
21936024@unknown@formal@none@1@S@The Steppenwolf Theatre Company, back from a critical and box office success in London with its adaptation of Steinbeck's "The Grapes of Wrath," opened the new season with Harold Pinter's "The Homecoming," first produced by the Royal Shakespeare Company in 1965.@@@@1@41@@oe@2-2-2013
21936025@unknown@formal@none@1@S@Back then, Mr. Pinter was not only the angry young British playwright, but also the first to use silences and sentence fragments and menacing stares, almost to the exclusion of what we previously understood to be theatrical dialogue.@@@@1@38@@oe@2-2-2013
21936026@unknown@formal@none@1@S@When "The Homecoming" was first produced on this side of the Atlantic, actors and directors were reverential.@@@@1@17@@oe@2-2-2013
21936027@unknown@formal@none@1@S@Silences were lengthy -- nobody moved or gestured.@@@@1@8@@oe@2-2-2013
21936028@unknown@formal@none@1@S@Nobody smiled onstage, and nobody in the audience was encouraged to laugh.@@@@1@12@@oe@2-2-2013
21936029@unknown@formal@none@1@S@This kind of theater was new to us.@@@@1@8@@oe@2-2-2013
21936030@unknown@formal@none@1@S@Also, it was not a funny time over here, what with the Vietnam War, the '68 Democratic convention, assassinations and riots.@@@@1@21@@oe@2-2-2013
21936031@unknown@formal@none@1@S@But under Jerry Perry's direction the current Steppenwolf production, scheduled to play through Nov. 19, breaks through the flat and boring ritual that "The Homecoming" had become.@@@@1@27@@oe@2-2-2013
21936032@unknown@formal@none@1@S@Led by a near-perfect performance by Alan Wilder as Max, the father, the play is at once an appalling and hilarious dissection of a family's rage, bitterness, fear and isolation.@@@@1@30@@oe@2-2-2013
21936033@unknown@formal@none@1@S@Encouraged by Mr. Wilder's sly grins, embarrassed grimaces and sputtering rages, the audience gets the joke and begins to laugh before the end of the first act.@@@@1@27@@oe@2-2-2013
21936034@unknown@formal@none@1@S@Three of the family members, Max and his two sons, Lenny and Joey, live off the flesh: Max is a retired butcher, Lenny a pimp and Joey an aspiring boxer.@@@@1@30@@oe@2-2-2013
21936035@unknown@formal@none@1@S@Sam, Max's brother, has escaped the flesh by working as a liveried chauffeur and never seeking a wife.@@@@1@18@@oe@2-2-2013
21936036@unknown@formal@none@1@S@Teddy, the eldest of Max's sons, has made the most dramatic escape by becoming a professor of philosophy at an American university.@@@@1@22@@oe@2-2-2013
21936037@unknown@formal@none@1@S@Though it's clearly Max's wife who held sway here until her death, now none of the other male residents of this misbegotten household can challenge Max.@@@@1@26@@oe@2-2-2013
21936038@unknown@formal@none@1@S@The play concerns Teddy's homecoming with his wife of six years, Ruth.@@@@1@12@@oe@2-2-2013
21936039@unknown@formal@none@1@S@Curiously, Randall Arney as Teddy seems the only cast member unable to get beyond the zombie approach to a Pinter character.@@@@1@21@@oe@2-2-2013
21936040@unknown@formal@none@1@S@As Ruth, Moira Harris, a large and beautiful woman who may be our next Colleen Dewhurst, begins almost immediately to overpower each of the men.@@@@1@25@@oe@2-2-2013
21936041@unknown@formal@none@1@S@In the end, Teddy returns alone to America, leaving Ruth in Max's chair.@@@@1@13@@oe@2-2-2013
21936042@unknown@formal@none@1@S@We have seen her develop within a few hours from a shy and unknown in-law to a goddess of the flesh who will replace the dead mother, and then some.@@@@1@30@@oe@2-2-2013
21936043@unknown@formal@none@1@S@While Steppenwolf was in London with "The Grapes of Wrath," Bruce Sagan, the president of its board of directors, quietly returned to Chicago to buy a piece of real estate in the city's rapidly reviving North Halsted Street restaurant and theater district.@@@@1@42@@oe@2-2-2013
21936044@unknown@formal@none@1@S@Within a year he hopes Steppenwolf will move into a new 500-seat theater on that site.@@@@1@16@@oe@2-2-2013
21936045@unknown@formal@none@1@S@The troupe currently performs in a converted dairy that seats 211 and provides little capacity for staging anything beyond a simple one-set production.@@@@1@23@@oe@2-2-2013
21936046@unknown@formal@none@1@S@"If we wanted to stage `Death of a Salesman,' " Mr. Sagan says, "Willie Loman would have to live in a ranch house because of the low ceiling."@@@@1@28@@oe@2-2-2013
21936047@unknown@formal@none@1@S@Steppenwolf needs the extra seats even more than the fly space.@@@@1@11@@oe@2-2-2013
21936048@unknown@formal@none@1@S@It's currently forced to turn away many potential subscribers beyond the 13,000 who can be accommodated in its present digs.@@@@1@20@@oe@2-2-2013
21936049@unknown@formal@none@1@S@For all the attention that Chicago theater has received during the past decade, not one new building has been devoted to it.@@@@1@22@@oe@2-2-2013
21936050@unknown@formal@none@1@S@Mr. Sagan, a former publisher and real estate developer, has put together an $8 million financial package that includes approximately $4 million of tax exempt bonds issued by the State of Illinois (the first time that a state has used its educational facilities authority to support construction of a theater), and approximately $1 million in grants from the National Endowment for the Arts, the MacArthur Foundation, and a few other deep pockets.@@@@1@72@@oe@2-2-2013
21936051@unknown@formal@none@1@S@The rest, he is confident, can be raised.@@@@1@8@@oe@2-2-2013
21936052@unknown@formal@none@1@S@His board members alone have pledged $800,000 and he is just beginning to massage local foundations and corporations.@@@@1@18@@oe@2-2-2013
21936053@unknown@formal@none@1@S@Mr. Sagan compares the importance of Steppenwolf with Orson Welles's Mercury Theater in the '30s.@@@@1@15@@oe@2-2-2013
21936054@unknown@formal@none@1@S@But Welles's theater company turned out to have a brief -- one might say a mercurial -- existence.@@@@1@18@@oe@2-2-2013
21936055@unknown@formal@none@1@S@What will Mr. Sagan do with his new theater building if the allure of Hollywood and Broadway proves too much for such Steppenwolf stalwarts as John Malkovich ("Dangerous Liaisons"), Joan Allen ("The Heidi Chronicles"), and Glenne Headly ("Lonesome Dove"), and the company crumbles?@@@@1@43@@oe@2-2-2013
21936056@unknown@formal@none@1@S@"That's OK," Mr. Sagan replies.@@@@1@5@@oe@2-2-2013
21936057@unknown@formal@none@1@S@"Let this building be Steppenwolf's legacy to Chicago theater."@@@@1@9@@oe@2-2-2013
21936058@unknown@formal@none@1@S@Mr. Henning is a Chicago-based law firm management consultant and a writer.@@@@1@12@@oe@2-2-2013
21937001@unknown@formal@none@1@S@After enduring three days of heavy selling, the beleaguered Nasdaq over-the-counter market finally rebounded, rising sharply in hearty trading.@@@@1@19@@oe@2-2-2013
21937002@unknown@formal@none@1@S@The Nasdaq Composite Index jumped 0.7%, or 3.35, to 463.28.@@@@1@10@@oe@2-2-2013
21937003@unknown@formal@none@1@S@It rose more than the New York Stock Exchange Composite, which improved 0.2%.@@@@1@13@@oe@2-2-2013
21937004@unknown@formal@none@1@S@Among bigger stocks, the Nasdaq 100 Index rose 1%, or 4.56, to 453.05, while the Dow Jones Industrial Average was up 0.2%.@@@@1@22@@oe@2-2-2013
21937005@unknown@formal@none@1@S@Richard Bruno, head of OTC trading at PaineWebber, said the OTC market has a habit of lagging big moves on the New York Stock Exchange.@@@@1@25@@oe@2-2-2013
21937006@unknown@formal@none@1@S@While the industrial average rallied on Monday following last Friday's collapse, the OTC market, which didn't suffer too badly during the correction, tumbled.@@@@1@23@@oe@2-2-2013
21937007@unknown@formal@none@1@S@"Our market got hit a lot harder on Monday than the listed market," Mr. Bruno said.@@@@1@16@@oe@2-2-2013
21937008@unknown@formal@none@1@S@"We're just recovering and getting back to business as usual.@@@@1@10@@oe@2-2-2013
21937009@unknown@formal@none@1@S@I'm encouraged by the action."@@@@1@5@@oe@2-2-2013
21937010@unknown@formal@none@1@S@The trading pace was busy, with 4,343 issues and 147.6 million shares changing hands.@@@@1@14@@oe@2-2-2013
21937011@unknown@formal@none@1@S@Advancing issues beat declining ones, 1,271 to 811.@@@@1@8@@oe@2-2-2013
21937012@unknown@formal@none@1@S@Much of the jockeying by OTC traders and investors centered on shares of companies that might be financially affected by damage from the devastating earthquake in northern California.@@@@1@28@@oe@2-2-2013
21937013@unknown@formal@none@1@S@As investors speculated about the long- and short-term implications, shares of a number of companies that might either profit or face problems because of the disaster were actively traded.@@@@1@29@@oe@2-2-2013
21937014@unknown@formal@none@1@S@Heading the list: insurance, construction and technology companies located in the San Francisco Bay Area.@@@@1@15@@oe@2-2-2013
21937015@unknown@formal@none@1@S@Insurance-related stocks were mixed as investors tried to figure out how to assess the impact of the property damage and deaths on those concerns.@@@@1@24@@oe@2-2-2013
21937016@unknown@formal@none@1@S@Traders said property-casualty companies with the heaviest exposure in the San Francisco area include the OTC's Safeco and Ohio Casualty.@@@@1@20@@oe@2-2-2013
21937017@unknown@formal@none@1@S@Frank Gilmartin, a trader who follows insurance stocks for Fox-Pitt Kelton, said his strategy was to sell early.@@@@1@18@@oe@2-2-2013
21937018@unknown@formal@none@1@S@Then, if the stocks fell sharply, he planned to begin buying them aggressively, on the theory that the companies that insure against property damage and accidents will have to raise rates eventually to compensate for the claims they will pay to earthquake victims and victims of last month's Hurricane Hugo.@@@@1@50@@oe@2-2-2013
21937019@unknown@formal@none@1@S@As well, reinsurers and insurance brokerage companies will have improved profits.@@@@1@11@@oe@2-2-2013
21937020@unknown@formal@none@1@S@Many investors expected damage from the hurricane to be the catalyst for higher rates in the industry, which has been depressed because of low rates arising from intense competition.@@@@1@29@@oe@2-2-2013
21937021@unknown@formal@none@1@S@But Mr. Gilmartin said the hurricane damage wasn't extensive enough to prompt premium boosts.@@@@1@14@@oe@2-2-2013
21937022@unknown@formal@none@1@S@"The companies just gave back what they had reserved for," he said.@@@@1@12@@oe@2-2-2013
21937023@unknown@formal@none@1@S@"Now, they'll have to increase their coffers to protect for the future and that means rate increases."@@@@1@17@@oe@2-2-2013
21937024@unknown@formal@none@1@S@Overall OTC insurance issues were mixed.@@@@1@6@@oe@2-2-2013
21937025@unknown@formal@none@1@S@Safeco fell 1/8 to 32 5/8 on 462,900 shares.@@@@1@9@@oe@2-2-2013
21937026@unknown@formal@none@1@S@Ohio Casualty rose 1/4 to 51 3/4 on 137,200 shares.@@@@1@10@@oe@2-2-2013
21937027@unknown@formal@none@1@S@St. Paul Cos. jumped 2 to 59 3/4 on 517,500 shares.@@@@1@11@@oe@2-2-2013
21937028@unknown@formal@none@1@S@Academy Insurance fell 1/32 to 1 3/16; but volume totaled 1.2 million shares.@@@@1@13@@oe@2-2-2013
21937029@unknown@formal@none@1@S@The Nasdaq Insurance Index jumped 4.15 to 529.32 on the day, while the barometer of big insurance and banking issues climbed 1.72 to 455.29.@@@@1@24@@oe@2-2-2013
21937030@unknown@formal@none@1@S@Investors expect SunGard Data Systems, a company that provides disaster recovery services for computer-dependent businesses, to profit from the earthquake.@@@@1@20@@oe@2-2-2013
21937031@unknown@formal@none@1@S@SunGard's stock rose 1 3/4 to 21 1/4 on 194,000 shares.@@@@1@11@@oe@2-2-2013
21937032@unknown@formal@none@1@S@Shares of Kasler, a California road and bridge builder, were heavily traded, jumping 2 1/8 to 9 7/8 on 1.3 million shares.@@@@1@22@@oe@2-2-2013
21937033@unknown@formal@none@1@S@Guy F. Atkinson added 7/8 to 16 7/8, on 335,700 shares.@@@@1@11@@oe@2-2-2013
21937034@unknown@formal@none@1@S@The company, based in San Francisco, provides industrial infrastructure engineering and construction services.@@@@1@13@@oe@2-2-2013
21937035@unknown@formal@none@1@S@Traders were initially nervous about shares of companies, including many leading OTC computer companies, such as Apple Computer with offices in the vicinity of the area damaged by the quake.@@@@1@30@@oe@2-2-2013
21937036@unknown@formal@none@1@S@But most of those stocks fared well.@@@@1@7@@oe@2-2-2013
21937037@unknown@formal@none@1@S@Apple Computer gained 1 to 48 1/4; Ashton-Tate rose 3/8 to 10 3/8.@@@@1@13@@oe@2-2-2013
21937038@unknown@formal@none@1@S@Intel also added 3/8 to 33 7/8.@@@@1@7@@oe@2-2-2013
21937039@unknown@formal@none@1@S@But Sun Microsystems slipped 1/4 to 17 1/4.@@@@1@8@@oe@2-2-2013
21937040@unknown@formal@none@1@S@Shares of biotechnology companies in the area were also higher.@@@@1@10@@oe@2-2-2013
21937041@unknown@formal@none@1@S@Chiron was up 1/2 to 27 and Cetus gained 1/2 to 16 3/8.@@@@1@13@@oe@2-2-2013
21937042@unknown@formal@none@1@S@The stocks of computer-related companies located outside California improved, too.@@@@1@10@@oe@2-2-2013
21937043@unknown@formal@none@1@S@Microsoft advanced 1 7/8 to 80 1/2 and Lotus Development added 1 1/4 to 32 1/2.@@@@1@16@@oe@2-2-2013
21937044@unknown@formal@none@1@S@In other earthquake-related news, Hambrecht & Quist's OTC market makers were excused from trading yesterday and its positions were frozen for the day by the National Association of Securities Dealers.@@@@1@30@@oe@2-2-2013
21937045@unknown@formal@none@1@S@Power couldn't be restored at the company's San Francisco headquarters to allow trading yesterday morning.@@@@1@15@@oe@2-2-2013
21937046@unknown@formal@none@1@S@In New York, Roger Killion, a Hambrecht executive vice president, said he expects OTC trading at the company to resume this morning, either in New York or in San Francisco.@@@@1@30@@oe@2-2-2013
21937047@unknown@formal@none@1@S@In other trading, Medco Containment Services gained 7/8 to 15 on 1.9 million shares after reporting a loss for the first quarter, which ended Sept. 30.@@@@1@26@@oe@2-2-2013
21937048@unknown@formal@none@1@S@The company earned $6.6 million in the year-earlier quarter.@@@@1@9@@oe@2-2-2013
21937049@unknown@formal@none@1@S@Jaguar's American depositary receipts added 3/8 to 10 3/4 on volume of 1.1 million.@@@@1@14@@oe@2-2-2013
21937050@unknown@formal@none@1@S@Analysts in London believe investors, despite their stampede to dump takeover stocks, should hold on tight to their Jaguar shares, this newspaper's Heard on the Street column said yesterday.@@@@1@29@@oe@2-2-2013
21937051@unknown@formal@none@1@S@Amgen rose 1 1/2 to 50 3/4 in heavy trading.@@@@1@10@@oe@2-2-2013
21937052@unknown@formal@none@1@S@Analysts figure Amgen could benefit as a result of troubles facing its competitor, Genetics Institute, over the anti-anemia drug EPO.@@@@1@20@@oe@2-2-2013
21937053@unknown@formal@none@1@S@Genetics Institute disclosed recently that it is embroiled in a dispute with Boehringer Mannheim, which distributes the drug, regarding the usability of some batches.@@@@1@24@@oe@2-2-2013
21938001@unknown@formal@none@1@S@Ciba-Geigy Ltd. and Chiron Corp. said they extended their offer for Connaught BioSciences Inc., valued at 866 million Canadian dollars (US$736 million) to Oct. 27.@@@@1@25@@oe@2-2-2013
21938002@unknown@formal@none@1@S@The companies earlier said they didn't want to raise their offer to match a rival bid by Institut Merieux S.A. of C$37 a share, or C$942 million.@@@@1@27@@oe@2-2-2013
21938003@unknown@formal@none@1@S@But they said the C$30-a-share bid, which was due to expire Monday, may still be extended or varied.@@@@1@18@@oe@2-2-2013
21938004@unknown@formal@none@1@S@Merieux, a vaccine manufacturer based in Lyon, France, is 51%-held by French state-owned Rhone-Poulenc S.A.@@@@1@15@@oe@2-2-2013
21938005@unknown@formal@none@1@S@Ciba-Geigy is a major pharmaceutical concern based in Basel, Switzerland.@@@@1@10@@oe@2-2-2013
21938006@unknown@formal@none@1@S@Chiron, another pharmaceutical concern, is based in Emeryville, Calif.@@@@1@9@@oe@2-2-2013
21938007@unknown@formal@none@1@S@Connaught is a biotechnology research and vaccine manufacturing concern.@@@@1@9@@oe@2-2-2013
21938008@unknown@formal@none@1@S@Institut Merieux's bid for Toronto-based Connaught has run into problems with the Canadian government, which told Merieux last week that it wasn't convinced that the proposed acquisition would be of "net benefit" to Canada.@@@@1@34@@oe@2-2-2013
21938009@unknown@formal@none@1@S@Merieux officials are expected to meet with federal officials in Ottawa today to discuss the decision.@@@@1@16@@oe@2-2-2013
21939001@unknown@formal@none@1@S@Within minutes after the stock market closed Friday, I called Sen. Bill Bradley of New Jersey, advised him that the Dow Jones Industrial Average had declined by 190 points late that afternoon, and cheerfully informed him that he and his fellow Democrats were to blame.@@@@1@45@@oe@2-2-2013
21939002@unknown@formal@none@1@S@They had dealt a major setback that afternoon to President Bush's capital-gains tax cut proposal, which had seemed in the bag after it passed the House overwhelmingly earlier in the month.@@@@1@31@@oe@2-2-2013
21939003@unknown@formal@none@1@S@Sen. Bradley has it in his mind that such a tax cut would unravel the tax reform he helped engineer in 1986.@@@@1@22@@oe@2-2-2013
21939004@unknown@formal@none@1@S@But he knows that as many as 20 of his fellow Democrats are disposed to vote for the cut, popular among their constituents.@@@@1@23@@oe@2-2-2013
21939005@unknown@formal@none@1@S@As a result, he took the lead in arguing that the cut should be blocked on procedural grounds.@@@@1@18@@oe@2-2-2013
21939006@unknown@formal@none@1@S@He helped persuade 10 of these senators to support him and Majority Leader George Mitchell on these grounds.@@@@1@18@@oe@2-2-2013
21939007@unknown@formal@none@1@S@The budget reconciliation had to be dealt with by the Oct. 15 deadline, and these Senate Democrats refused to agree to allow a vote to append capital gains to the budget bill, knowing it would pass.@@@@1@36@@oe@2-2-2013
21939008@unknown@formal@none@1@S@Denied a vote on substance, the GOP leadership in the Senate on Friday morning was confronted with a hard choice.@@@@1@20@@oe@2-2-2013
21939009@unknown@formal@none@1@S@It could throw in the towel and hope to win on capital gains late this month, or it could follow the White House strategy, to veto reconciliation unless capital gains was appended.@@@@1@32@@oe@2-2-2013
21939010@unknown@formal@none@1@S@The U.S. Chamber of Commerce has been in the forefront in supporting the Bush proposal.@@@@1@15@@oe@2-2-2013
21939011@unknown@formal@none@1@S@It endorsed the White House strategy, believing it to be the surest way to victory.@@@@1@15@@oe@2-2-2013
21939012@unknown@formal@none@1@S@At noon Friday, a senior White House official advised Richard Rahn, the Chamber's chief economist, that the White House would not agree to a budget reconciliation bill unless it had firm assurances that a vote on substance would be permitted in the Senate.@@@@1@43@@oe@2-2-2013
21939013@unknown@formal@none@1@S@Two hours later, the first word emerged on Capitol Hill that the administration had agreed to reconciliation with no such assurances from Senate Democrats.@@@@1@24@@oe@2-2-2013
21939014@unknown@formal@none@1@S@Mr. Rahn was shocked, telephoning the office of Richard Darman, director of the Office of Management and Budget, and the administration's chief strategist on this issue.@@@@1@26@@oe@2-2-2013
21939015@unknown@formal@none@1@S@He left a message accusing Mr. Darman of selling out.@@@@1@10@@oe@2-2-2013
21939016@unknown@formal@none@1@S@It was the Senate Republicans, though, who had edged away from the veto strategy.@@@@1@14@@oe@2-2-2013
21939017@unknown@formal@none@1@S@The stock market reacted as Mr. Rahn did, crumbling as it absorbed the news that Mr. Darman's strategy had been abandoned.@@@@1@21@@oe@2-2-2013
21939018@unknown@formal@none@1@S@The stock market, after all, represents the collective expectations about the value of the future income stream of the nation's capital stock, discounted to present value.@@@@1@26@@oe@2-2-2013
21939019@unknown@formal@none@1@S@Why should it be so surprising that a 30% cut in the capital-gains tax would have such an enormous impact on the value of the nation's capital stock?@@@@1@28@@oe@2-2-2013
21939020@unknown@formal@none@1@S@The total value of privately held assets is easily more than $15 trillion.@@@@1@13@@oe@2-2-2013
21939021@unknown@formal@none@1@S@The value traded on the exchanges is close to $3 trillion.@@@@1@11@@oe@2-2-2013
21939022@unknown@formal@none@1@S@If the tax on any gain to those assets was doubled, wouldn't the value fall to the owners of the assets?@@@@1@21@@oe@2-2-2013
21939023@unknown@formal@none@1@S@Isn't it reasonable to assume that the asset you own would be worth more if the government suddenly announced that if you sold it, you would be able to keep 30% more of its gain than you previously believed?@@@@1@39@@oe@2-2-2013
21939024@unknown@formal@none@1@S@Indeed, the stock market's steady advance this year tracked with President Bush's success in advancing his capital-gains proposal.@@@@1@18@@oe@2-2-2013
21939025@unknown@formal@none@1@S@A 30% cut in this year's capital gains alone amounts to roughly $50 billion.@@@@1@14@@oe@2-2-2013
21939026@unknown@formal@none@1@S@We're talking real money.@@@@1@4@@oe@2-2-2013
21939027@unknown@formal@none@1@S@When Richard Rahn advised the financial press that the market crash was caused by the setback to capital gains, he was generally ignored and mildly ridiculed.@@@@1@26@@oe@2-2-2013
21939028@unknown@formal@none@1@S@Instead, the press corps readily accepted the notion that a snag in the takeover financing of United Airlines instantly knocked 7% off the value of the nation's capital stock and caused convulsions around the world.@@@@1@35@@oe@2-2-2013
21939029@unknown@formal@none@1@S@Mr. Rahn was pointing out an elephant rumbling through Wall Street while conventional wisdom had fastened on the UAL flea.@@@@1@20@@oe@2-2-2013
21939030@unknown@formal@none@1@S@Why is this happening?@@@@1@4@@oe@2-2-2013
21939031@unknown@formal@none@1@S@For one thing, quite a number of the leading spokesmen on Wall Street are not portfolio managers, who understand that the value of assets is greatly affected by how government taxes those assets.@@@@1@33@@oe@2-2-2013
21939032@unknown@formal@none@1@S@They are economists and financial reporters who sympathize with the view that a capital-gains tax cut benefits the rich.@@@@1@19@@oe@2-2-2013
21939033@unknown@formal@none@1@S@Yet they somehow think that Wall Street is indifferent to losing the tax cut that seemed so close Friday morning and is now problematic.@@@@1@24@@oe@2-2-2013
21939034@unknown@formal@none@1@S@The market rebound Monday followed weekend assurances from Mr. Darman that the administration has other plans to win the cut, which is alive and well.@@@@1@25@@oe@2-2-2013
21939035@unknown@formal@none@1@S@Sen. Bradley's argument is that a capital-gains tax cut would be bad for the economy in the longer run.@@@@1@19@@oe@2-2-2013
21939036@unknown@formal@none@1@S@It would inevitably lead to an increase in marginal income-tax rates in 1990, he thinks, when the White House is forced to ask for higher taxes to meet budget targets.@@@@1@30@@oe@2-2-2013
21939037@unknown@formal@none@1@S@That is, with capital gains cut, the glue of the 1986 accord will be gone, and political realities will push up income-tax rates.@@@@1@23@@oe@2-2-2013
21939038@unknown@formal@none@1@S@The counter-argument, which he has heard, is that if he and his fellow Democrats are successful in killing the president's proposal, the revenue gap will open up tremendously in 1990 because of the weakened economy.@@@@1@35@@oe@2-2-2013
21939039@unknown@formal@none@1@S@In this atmosphere, there would be no serious consideration of tax increases.@@@@1@12@@oe@2-2-2013
21939040@unknown@formal@none@1@S@If Sen. Bradley would permit a vote on capital gains, though, it would pass, Christmas retail sales would be strong instead of burdened by a falling stock market, the 1990 economy would be robust, and the revenue gains at every level of government, including New Jersey's, would be surprisingly high.@@@@1@50@@oe@2-2-2013
21939041@unknown@formal@none@1@S@No tax increases would be necessary.@@@@1@6@@oe@2-2-2013
21939042@unknown@formal@none@1@S@The struggle over capital gains is the most important game in town.@@@@1@12@@oe@2-2-2013
21939043@unknown@formal@none@1@S@In Washington and on Wall Street.@@@@1@6@@oe@2-2-2013
21939044@unknown@formal@none@1@S@Mr. Wanniski is president of Polyconomics Inc., of Morristown, N.J.@@@@1@10@@oe@2-2-2013
21940001@unknown@formal@none@1@S@Federal prosecutors said they have obtained a guilty plea from another person in the government's ongoing probe of illegal payments in the record industry.@@@@1@24@@oe@2-2-2013
21940002@unknown@formal@none@1@S@William Craig, an independent record promoter, pleaded guilty to payola and criminal tax charges, according to a statement issued by Gary Feess, the U.S. attorney here.@@@@1@26@@oe@2-2-2013
21940003@unknown@formal@none@1@S@Payola is the practice of making illegal, undisclosed payments to radio station personnel in return for getting the stations to play certain songs over the air.@@@@1@26@@oe@2-2-2013
21940004@unknown@formal@none@1@S@As part of his plea agreement with the government, the 44-year-old Mr. Craig faces a maximum of three years in prison.@@@@1@21@@oe@2-2-2013
21940005@unknown@formal@none@1@S@In return, Mr. Craig agreed to cooperate in the government's continuing payola probe, says a spokeswoman for the U.S. attorney's office.@@@@1@21@@oe@2-2-2013
21940006@unknown@formal@none@1@S@Mr. Craig and three others were indicted last year as part of that payola probe.@@@@1@15@@oe@2-2-2013
21940007@unknown@formal@none@1@S@Two other defendants previously pleaded guilty, and charges against the third were dropped.@@@@1@13@@oe@2-2-2013
21941001@unknown@formal@none@1@S@Companies listed below reported quarterly profit substantially different from the average of analysts' estimates.@@@@1@14@@oe@2-2-2013
21941002@unknown@formal@none@1@S@The companies are followed by at least three analysts, and had a minimum five-cent change in actual earnings per share.@@@@1@20@@oe@2-2-2013
21941003@unknown@formal@none@1@S@Estimated and actual results involving losses are omitted.@@@@1@8@@oe@2-2-2013
21941004@unknown@formal@none@1@S@The percent difference compares actual profit with the 30-day estimate where at least three analysts have issues forecasts in the past 30 days.@@@@1@23@@oe@2-2-2013
21941005@unknown@formal@none@1@S@Otherwise, actual profit is compared with the 300-day estimate.@@@@1@9@@oe@2-2-2013
21942001@unknown@formal@none@1@S@Grumman Corp. was awarded a $53.1 million Navy contract for advanced acquisition of six E-2C tactical control aircraft.@@@@1@18@@oe@2-2-2013
21942002@unknown@formal@none@1@S@LTV Corp. won a $25 million Army contract for missile test equipment.@@@@1@12@@oe@2-2-2013
21942003@unknown@formal@none@1@S@Unisys Corp. received a $24.4 million Air Force contract for computer programming.@@@@1@12@@oe@2-2-2013
21942004@unknown@formal@none@1@S@Ford Aerospace & Communications Corp., a unit of Ford Motor Co., was awarded a $15.9 million Air Force contract for computer improvements.@@@@1@22@@oe@2-2-2013
21942005@unknown@formal@none@1@S@Rockwell International Corp. was issued a $12.5 million Air Force contract for changes in the National Aerospace Plane.@@@@1@18@@oe@2-2-2013
21943001@unknown@formal@none@1@S@The Tennessee Valley Authority issued $4 billion in bonds in the federal utility's first public debt offering in 15 years.@@@@1@20@@oe@2-2-2013
21943002@unknown@formal@none@1@S@Proceeds from the bonds, with coupon rates in the 8% range, will be used to replace bonds with an average interest rate of 13.1%.@@@@1@24@@oe@2-2-2013
21943003@unknown@formal@none@1@S@The TVA said the refinancing should save $75 million a year in interest payments.@@@@1@14@@oe@2-2-2013
21943004@unknown@formal@none@1@S@The refinancing is part of the TVA's strategy of dealing with what has been an intractable problem: its staggering $18.5 billion debt, most of which is owed to the Treasury Department's Federal Financing Bank.@@@@1@34@@oe@2-2-2013
21943005@unknown@formal@none@1@S@The TVA currently plans to issue a total of $6.7 billion in bonds to refinance its high-interest debt.@@@@1@18@@oe@2-2-2013
21943006@unknown@formal@none@1@S@The $4 billion bond issue also will help the TVA meet its goal of not raising rates for another year, said William F. Malec, the agency's chief financial officer.@@@@1@29@@oe@2-2-2013
21943007@unknown@formal@none@1@S@The bond issue is TVA's first public offering since the Financing Bank was created in 1974, primarily to finance the TVA.@@@@1@21@@oe@2-2-2013
21943008@unknown@formal@none@1@S@But the offering almost didn't happen.@@@@1@6@@oe@2-2-2013
21943009@unknown@formal@none@1@S@The TVA, in fact, decided to proceed with the bond offering following an agreement last week with the Financing Bank, which allows TVA to keep borrowing short term from the bank for two years after it goes to the public market.@@@@1@41@@oe@2-2-2013
21943010@unknown@formal@none@1@S@The Treasury contended that TVA couldn't borrow from both it and the public debt market.@@@@1@15@@oe@2-2-2013
21943011@unknown@formal@none@1@S@The $4 billion in bonds break down as follows: $1 billion in five-year bonds with a coupon rate of 8.25% and a yield to maturity of 8.33%; $1 billion in 10-year bonds with a coupon rate of 8.375% and a yield to maturity of 8.42%; $2 billion in 30-year bonds with five-year call protection, a coupon rate of 8.75% and a yield to maturity of 9.06%.@@@@1@66@@oe@2-2-2013
21943012@unknown@formal@none@1@S@Managing the bond issue is a group of investment banks headed by First Boston Corp. and co-managed by Goldman, Sachs & Co., Merrill Lynch Capital Markets, Morgan Stanley & Co., and Salomon Brothers Inc.@@@@1@34@@oe@2-2-2013
21944001@unknown@formal@none@1@S@Mutual-fund czar John M. Templeton has put his money where his moniker is, pouring $1.4 million into one of his own funds, the Templeton Value Fund.@@@@1@26@@oe@2-2-2013
21944002@unknown@formal@none@1@S@Mr. Templeton owns shares in several of the 33 funds that his firm manages, but only in three of the 10 available to U.S. investors, according to filings with the Securities and Exchange Commission.@@@@1@34@@oe@2-2-2013
21944003@unknown@formal@none@1@S@Those are Templeton Global Income, Templeton Emerging Markets and now the Value Fund.@@@@1@13@@oe@2-2-2013
21944004@unknown@formal@none@1@S@Why did he add the Value Fund to the list?@@@@1@10@@oe@2-2-2013
21944005@unknown@formal@none@1@S@Because he's very bullish on the emerging growth stocks that make up the fund's portfolio, Mr. Templeton said from his Bahamas hideaway.@@@@1@22@@oe@2-2-2013
21944006@unknown@formal@none@1@S@"Emerging growth stocks haven't been popular in America for years, they've been neglected," he said, and their prices often trail the market as a whole.@@@@1@25@@oe@2-2-2013
21944007@unknown@formal@none@1@S@Mr. Templeton's 147,300-share purchase in the closed-end fund came before the U.S. stock market's plunge last Friday, but still proved slightly profitable.@@@@1@22@@oe@2-2-2013
21944008@unknown@formal@none@1@S@Mr. Templeton bought his shares in several separate purchases between Aug. 30 and Sept. 28, according to reports with the SEC.@@@@1@21@@oe@2-2-2013
21944009@unknown@formal@none@1@S@He bought at share prices ranging from $9.375 to $9.625.@@@@1@10@@oe@2-2-2013
21944010@unknown@formal@none@1@S@The fund closed yesterday in New York Stock Exchange composite trading at $9.625, up 12.5 cents.@@@@1@16@@oe@2-2-2013
21944011@unknown@formal@none@1@S@In addition, Mr. Templeton received a dividend of 22 cents a share Oct. 5.@@@@1@14@@oe@2-2-2013
21944012@unknown@formal@none@1@S@RIVER RUN:@@@@1@2@@oe@2-2-2013
21944013@unknown@formal@none@1@S@A senior vice president and a vice president at James River Corp. sold the majority of their shares in the Richmond, Va., paper-products concern in late August and early September, reports filed with the SEC show.@@@@1@36@@oe@2-2-2013
21944014@unknown@formal@none@1@S@The executives, who got $30.88 a share for the stock, showed good timing.@@@@1@13@@oe@2-2-2013
21944015@unknown@formal@none@1@S@In Big Board trading yesterday, James River shares closed at $28.375, down 12.5 cents.@@@@1@14@@oe@2-2-2013
21944016@unknown@formal@none@1@S@On Sept. 6, Robert Joseph Sherry, the firm's senior vice president of employee and public relations, sold 4,000 shares, leaving himself with 1,062 shares of James River.@@@@1@27@@oe@2-2-2013
21944017@unknown@formal@none@1@S@Including a sale of stock last February, Mr. Sherry has sold 88% of his stake in the company this year, according to SEC filings.@@@@1@24@@oe@2-2-2013
21944018@unknown@formal@none@1@S@Mr. Sherry declined to comment when asked about the sales.@@@@1@10@@oe@2-2-2013
21944019@unknown@formal@none@1@S@James A. Toney, a vice president, sold 1,500 shares Aug. 28.@@@@1@11@@oe@2-2-2013
21944020@unknown@formal@none@1@S@He still has 1,143 shares, according to SEC files.@@@@1@9@@oe@2-2-2013
21944021@unknown@formal@none@1@S@Mr. Toney also declined to comment.@@@@1@6@@oe@2-2-2013
21944022@unknown@formal@none@1@S@INTEREST-RATE PLAYER:@@@@1@2@@oe@2-2-2013
21944023@unknown@formal@none@1@S@Cincinnati Gas & Electric Co. tops the companies portion of the accompanying Insider Trading table this week.@@@@1@17@@oe@2-2-2013
21944024@unknown@formal@none@1@S@Three of the utility's directors have at least doubled their holdings in the company since July.@@@@1@16@@oe@2-2-2013
21944025@unknown@formal@none@1@S@The largest purchase was by Dudley Taft, who bought 4,400 shares for $125,075.@@@@1@13@@oe@2-2-2013
21944026@unknown@formal@none@1@S@Mr. Taft, who is also president of Taft Broadcasting Co., said he bought the shares because he keeps a utility account at the brokerage firm of Salomon Brothers Inc., which had recommended the stock as a good buy.@@@@1@38@@oe@2-2-2013
21944027@unknown@formal@none@1@S@Salomon Brothers confirmed that it has had a buy recommendation on the stock for about two years.@@@@1@17@@oe@2-2-2013
21944028@unknown@formal@none@1@S@"Cincinnati Gas & Electric is in good shape," Mr. Taft said, and utilities are "a good investment because interest rates are going down."@@@@1@23@@oe@2-2-2013
21944029@unknown@formal@none@1@S@Mr. Taft paid an average of $28.43 for each share.@@@@1@10@@oe@2-2-2013
21944030@unknown@formal@none@1@S@The stock closed yesterday on the Big Board at $28.75, down 12.5 cents.@@@@1@13@@oe@2-2-2013
21944031@unknown@formal@none@1@S@The two other directors bought 1,000 and 1,900 shares, respectively, at prices between $28.15 a share and $28.75 a share, filings with the SEC show.@@@@1@25@@oe@2-2-2013
21944032@unknown@formal@none@1@S@The two couldn't be reached for comment.@@@@1@7@@oe@2-2-2013
21944033@unknown@formal@none@1@S@A company spokesman said he couldn't explain their sudden bullishness.@@@@1@10@@oe@2-2-2013
21944034@unknown@formal@none@1@S@"I don't know of any news or anything unusual happening here," said Bruce Stoecklin, director of media services.@@@@1@18@@oe@2-2-2013
21944035@unknown@formal@none@1@S@Peter Pae in Pittsburgh contributed to this article.@@@@1@8@@oe@2-2-2013
21945001@unknown@formal@none@1@S@T. Rowe Price Associates Inc. said directors recommended stockholders approve a 2-for-1 stock split and an increase in authorized shares to 25 million from 10 million.@@@@1@26@@oe@2-2-2013
21945002@unknown@formal@none@1@S@Stockholders will vote on the proposal at a meeting Dec. 13.@@@@1@11@@oe@2-2-2013
21945003@unknown@formal@none@1@S@T. Rowe Price is an investment adviser to mutual funds, institutions and individuals.@@@@1@13@@oe@2-2-2013
21946001@unknown@formal@none@1@S@In one of the first indoor air-pollution cases to go to trial, a state-court jury decided in favor of the defendant, Burlington Industries Inc.@@@@1@24@@oe@2-2-2013
21946002@unknown@formal@none@1@S@The verdict, reached late last week in Cincinnati, may end an eight-year legal battle for the Greensboro, N.C., carpet maker.@@@@1@20@@oe@2-2-2013
21946003@unknown@formal@none@1@S@Glenn and Sharon Beebe of Cincinnati had sued the com- pany in 1981 after installing Burlington carpets in their office.@@@@1@20@@oe@2-2-2013
21946004@unknown@formal@none@1@S@The Beebes alleged that toxic fumes from the carpets made them sick.@@@@1@12@@oe@2-2-2013
21946005@unknown@formal@none@1@S@As a result of their illness, the Beebes said, they lost $1.8 million in wages and earnings.@@@@1@17@@oe@2-2-2013
21946006@unknown@formal@none@1@S@In addition, they said that months of exposure to the chemicals has left them sensitive to a wide range of commonly used substances.@@@@1@23@@oe@2-2-2013
21946007@unknown@formal@none@1@S@The case had been closely watched because attorneys anticipate increasing litigation nationally over the so-called sick-building syndrome.@@@@1@17@@oe@2-2-2013
21946008@unknown@formal@none@1@S@Plaintiffs' lawyers say that buildings become "sick" when inadequate fresh air and poor ventilation systems lead pollutants to build up inside.@@@@1@21@@oe@2-2-2013
21946009@unknown@formal@none@1@S@Anthony J. Iaciofano, a lawyer for Burlington, said the company believes the Beebes' symptoms were not related to the carpeting.@@@@1@20@@oe@2-2-2013
21946010@unknown@formal@none@1@S@He said that ill effects from new carpets manifest themselves immediately but that the Beebes' symptoms appeared months later.@@@@1@19@@oe@2-2-2013
21946011@unknown@formal@none@1@S@Catherine Adams, the Beebes' lawyer, said the verdict would not discourage other plaintiffs from filing such suits.@@@@1@17@@oe@2-2-2013
21946012@unknown@formal@none@1@S@Scientists are only beginning to understand what causes sick-building syndrome and much of that research was unavailable when the Beebes filed the case, she said.@@@@1@25@@oe@2-2-2013
21946013@unknown@formal@none@1@S@The Beebes now believe that a prime culprit for their injuries was fumes from an adhesive used in the carpeting.@@@@1@20@@oe@2-2-2013
21946014@unknown@formal@none@1@S@But the Beebes didn't come to that conclusion until time limits had elapsed for adding the adhesives maker as a defendant in the case, Ms. Adams said.@@@@1@27@@oe@2-2-2013
21946015@unknown@formal@none@1@S@The Beebes have not yet decided whether to appeal.@@@@1@9@@oe@2-2-2013
21946016@unknown@formal@none@1@S@TIMES SQUARE development opponents are dealt setback.@@@@1@7@@oe@2-2-2013
21946017@unknown@formal@none@1@S@The Appellate Division of New York State Supreme Court dismissed six lawsuits attempting to block a $2.5 billion project planned for 42nd Street in Manhattan.@@@@1@25@@oe@2-2-2013
21946018@unknown@formal@none@1@S@Opponents of the project had claimed that the city and the state of New York, which are co-sponsoring the project, had failed to adhere to environmental guidelines.@@@@1@27@@oe@2-2-2013
21946019@unknown@formal@none@1@S@All but two of the 40 or so lawsuits that have been filed since the project's 1984 approval have been dismissed before the trial stage.@@@@1@25@@oe@2-2-2013