20683012@unknown@formal@none@1@S@Skeptics say that if that's the case, temperatures should have risen fairly uniformly over the past century, reflecting the increase in carbon dioxide.@@@@1@23@@oe@2-2-2013
20683013@unknown@formal@none@1@S@Instead, the Dunde ice-core record shows increasing temperatures from 1900 through the early 1950s, decreasing temperatures from the late 1950s through the mid-1970s, then higher temperatures again through last year.@@@@1@30@@oe@2-2-2013
20683014@unknown@formal@none@1@S@Other temperature data show similar unexplained swings.@@@@1@7@@oe@2-2-2013
20683015@unknown@formal@none@1@S@"Climate varies drastically due to natural causes," said Mr. Thompson.@@@@1@10@@oe@2-2-2013
20683016@unknown@formal@none@1@S@But he said ice samples from Peru, Greenland and Antarctica all show substantial signs of warming.@@@@1@16@@oe@2-2-2013
20684001@unknown@formal@none@1@S@Telxon Corp. said its vice president for manufacturing resigned and its Houston work force has been trimmed by 40 people, or about 15%.@@@@1@23@@oe@2-2-2013
20684002@unknown@formal@none@1@S@The maker of hand-held computers and computer systems said the personnel changes were needed to improve the efficiency of its manufacturing operation.@@@@1@22@@oe@2-2-2013
20684003@unknown@formal@none@1@S@The company said it hasn't named a successor to Ronald Bufton, the vice president who resigned.@@@@1@16@@oe@2-2-2013
20684004@unknown@formal@none@1@S@Its Houston work force now totals 230.@@@@1@7@@oe@2-2-2013
20685001@unknown@formal@none@1@S@CNW Corp. said the final step in the acquisition of the company has been completed with the merger of CNW with a subsidiary of Chicago & North Western Holdings Corp.@@@@1@30@@oe@2-2-2013
20685002@unknown@formal@none@1@S@As reported, CNW agreed to be acquired by a group of investors led by Blackstone Capital Partners Limited Partnership for $50 a share, or about $950 million.@@@@1@27@@oe@2-2-2013
20686001@unknown@formal@none@1@S@Congress sent to President Bush an $8.5 billion military construction bill that cuts spending for new installations by 16% while revamping the Pentagon budget to move more than $450 million from foreign bases to home-state projects.@@@@1@36@@oe@2-2-2013
20686002@unknown@formal@none@1@S@The fiscal 1990 measure builds on a pattern set earlier this year by House and Senate defense authorizing committees, and -- at a time of retrenchment for the military and concern about the U.S.'s standing in the world economy -- overseas spending is most vulnerable.@@@@1@45@@oe@2-2-2013
20686003@unknown@formal@none@1@S@Total Pentagon requests for installations in West Germany, Japan, South Korea, the United Kingdom and the Philippines, for example, are cut by almost two-thirds, while lawmakers added to the military budget for construction in all but a dozen states at home.@@@@1@41@@oe@2-2-2013
20686004@unknown@formal@none@1@S@The result is that instead of the Pentagon's proposed split of 60-40 between domestic and foreign bases, the reduced funding is distributed by a ratio of approximately 70-30.@@@@1@28@@oe@2-2-2013
20686005@unknown@formal@none@1@S@The extra margin for bases in the U.S. enhances the power of the appropriations committees; meanwhile, lawmakers used their positions to garner as much as six times what the Pentagon had requested for their individual states.@@@@1@36@@oe@2-2-2013
20686006@unknown@formal@none@1@S@House Appropriations Committee Chairman Jamie Whitten (D., Miss.) helped secure $49.7 million for his state, or more than double the Pentagon's budget.@@@@1@22@@oe@2-2-2013
20686007@unknown@formal@none@1@S@West Virginia, home of Senate Appropriations Committee Chairman Robert Byrd, would receive $21.5 million -- four times the military's request.@@@@1@20@@oe@2-2-2013
20686008@unknown@formal@none@1@S@Tennessee and North Carolina, home states of the two Democratic chairmen of the House and Senate military construction subcommittees, receive $243.2 million, or 25% above the Pentagon's request.@@@@1@28@@oe@2-2-2013
20686009@unknown@formal@none@1@S@Though spending for Iowa and Oregon was far less, their increases above Pentagon requests -- 640% and 430%, respectively -- were much greater because of the influence of Republicans at critical junctures.@@@@1@32@@oe@2-2-2013
20686010@unknown@formal@none@1@S@The swift passage of the bill, which cleared the Senate and House on simple voice votes last week, contrasts with the problems still facing a more cumbersome $66.8 billion measure funding housing, environmental, space and veterans programs.@@@@1@37@@oe@2-2-2013
20686011@unknown@formal@none@1@S@By an 84-6 margin, the Senate approved the bulk of the spending Friday, but the bill was then sent back to the House to resolve the question of how to address budget limits on credit allocations for the Federal Housing Administration.@@@@1@41@@oe@2-2-2013
20686012@unknown@formal@none@1@S@The House Democratic leadership could seek to waive these restrictions, but the underlying bill is already under attack for excesses elsewhere.@@@@1@21@@oe@2-2-2013
20686013@unknown@formal@none@1@S@Appropriations committees have used an assortment of devices to disguise as much as $1 billion in spending, and as critics have awakened to these devices, the bill can seem like a wounded caribou trying to make it past ice and wolves to reach safer winter grazing.@@@@1@46@@oe@2-2-2013
20686014@unknown@formal@none@1@S@Much of the excess spending will be pushed into fiscal 1991, and in some cases is temporarily parked in slow-spending accounts in anticipation of being transferred to faster-spending areas after the budget scorekeeping is completed.@@@@1@35@@oe@2-2-2013
20686015@unknown@formal@none@1@S@For example, a House-Senate conference ostensibly increased the National Aeronautics and Space Administration budget for construction of facilities to nearly $592 million, or more than $200 million above what either chamber had previously approved.@@@@1@34@@oe@2-2-2013
20686016@unknown@formal@none@1@S@Part of the increase would provide $90 million toward ensuring construction of a costly solid rocket-motor facility in Mr. Whitten's Mississippi.@@@@1@21@@oe@2-2-2013
20686017@unknown@formal@none@1@S@But as much as $177 million, or nearly 30% of the account, is marked for potential transfers to research, management and flight accounts that are spent out at a faster clip.@@@@1@31@@oe@2-2-2013
20686018@unknown@formal@none@1@S@The bill's managers face criticism, too, for the unusual number of conditions openly imposed on where funds will be spent.@@@@1@20@@oe@2-2-2013
20686019@unknown@formal@none@1@S@Conservatives, embarrassed by Republican influence-peddling scandals at the Department of Housing and Urban Development, have used the issue in an effort to shift blame onto a Democratic-controlled Congress.@@@@1@28@@oe@2-2-2013
20686020@unknown@formal@none@1@S@HUD Secretary Jack Kemp backed an unsuccessful effort to strike such language last week, but received little support from the White House budget office, which wants to protect space-station funding in the bill and has tended to turn its eyes from pork-barrel amendments.@@@@1@43@@oe@2-2-2013
20686021@unknown@formal@none@1@S@Within discretionary funds for community development grants, more than $3.7 million is allocated to six projects in Michigan, home state of a subcommittee chairman, Rep. Bob Traxler.@@@@1@27@@oe@2-2-2013
20686022@unknown@formal@none@1@S@House Speaker Thomas Foley won $510,000 for a project in his district in Washington state, and $1.3 million, earmarked by Sen. Daniel Inouye, amounts to a business subsidy under the title "Hawaiian sugar mills job retention."@@@@1@36@@oe@2-2-2013
20686023@unknown@formal@none@1@S@The powerful Democrat had first wanted to add language relaxing environmental restrictions on two mills on the Hamakua coast that are threatening to close.@@@@1@24@@oe@2-2-2013
20686024@unknown@formal@none@1@S@When this plan met resistance, it was agreed instead to take money from HUD to subsidize needed improvements in two settling ponds for the mills, which employ an estimated 1,500 workers, according to Mr. Inouye's office.@@@@1@36@@oe@2-2-2013
20687001@unknown@formal@none@1@S@Dennis Farney's Oct. 13 page-one article "River of Despair," about the poverty along the Mississippi, fanned childhood memories of when my parents were sharecroppers in southeastern Arkansas, only a few miles from the river.@@@@1@34@@oe@2-2-2013
20687002@unknown@formal@none@1@S@Although we were white, the same economic factors affected us as affects the black people Mr. Farney writes about.@@@@1@19@@oe@2-2-2013
20687003@unknown@formal@none@1@S@Fortunately, an aunt with a college degree bought a small farm and moved us 50 miles north to good schools and an environment that opened the world of opportunity for me as an eight-year-old.@@@@1@34@@oe@2-2-2013
20687004@unknown@formal@none@1@S@Though I've been blessed with academic degrees and some success in the materialistic world, I've never forgotten or lost contact with those memories of the 1930s.@@@@1@26@@oe@2-2-2013
20687005@unknown@formal@none@1@S@Most of the land in that and other parts of the Delta are now owned by second, third or fourth generations of the same families.@@@@1@25@@oe@2-2-2013
20687006@unknown@formal@none@1@S@These are the families who used -- and sometime abused -- their sharecroppers, people who had no encouragement and little access to an education or training for a better life.@@@@1@30@@oe@2-2-2013
20687007@unknown@formal@none@1@S@Following World War II, when one family with mechanized equipment could farm crops formerly requiring 20 families, the surplus people were dumped into the mainstream of society with no Social Security, no skills in the workplace, no hope for their future except welfare.@@@@1@43@@oe@2-2-2013
20687008@unknown@formal@none@1@S@And today, many of their children, grandchildren and great-grandchildren remain on welfare.@@@@1@12@@oe@2-2-2013
20687009@unknown@formal@none@1@S@In the meantime, the landowners continue receiving generous subsidies that began during New Deal days.@@@@1@15@@oe@2-2-2013
20687010@unknown@formal@none@1@S@Or those who choose not to farm can lease their lands and crop allotments for handsome sums.@@@@1@17@@oe@2-2-2013
20687011@unknown@formal@none@1@S@Farmers in the Midwest and other areas have suffered, but those along the Mississippi continue to prosper with holdings that were built with the sweat of men and women living in economic slavery.@@@@1@33@@oe@2-2-2013
20687012@unknown@formal@none@1@S@And when they were no longer needed, they were turned loose unprepared to build lives of their own.@@@@1@18@@oe@2-2-2013
20687013@unknown@formal@none@1@S@Denton Harris@@@@1@2@@oe@2-2-2013
20687014@unknown@formal@none@1@S@Chairman@@@@1@1@@oe@2-2-2013
20687015@unknown@formal@none@1@S@Metro Bank@@@@1@2@@oe@2-2-2013
20687016@unknown@formal@none@1@S@Atlanta@@@@1@1@@oe@2-2-2013
20687017@unknown@formal@none@1@S@Because the cycle of poverty along the lower Mississippi goes back so many generations, breaking this cycle will be next to impossible.@@@@1@22@@oe@2-2-2013
20687018@unknown@formal@none@1@S@Sadly, the cycle appears not as waves but as a downward spiral.@@@@1@12@@oe@2-2-2013
20687019@unknown@formal@none@1@S@Yet the evidence that we have not hit bottom is found in the fact that we are not yet helping ourselves.@@@@1@21@@oe@2-2-2013
20687020@unknown@formal@none@1@S@The people of the Delta are waiting for that big factory to open, river traffic to increase, government spending to fund job-training programs or public schools to educate apathetic students.@@@@1@30@@oe@2-2-2013
20687021@unknown@formal@none@1@S@Because we refuse to face the tough answers, the questions continue as fodder for the commissions and committees, for the media and politicians.@@@@1@23@@oe@2-2-2013
20687022@unknown@formal@none@1@S@Coffee-shop chatter does not lend itself to solving the problems of racism, teen pregnancy or lack of parental support or guidance.@@@@1@21@@oe@2-2-2013
20687023@unknown@formal@none@1@S@Does the Delta deserve government help in attracting industry when the majority of residents, black and white, do not realize racism alienates potential employers?@@@@1@24@@oe@2-2-2013
20687024@unknown@formal@none@1@S@Should we focus on the region's infant-mortality rate when the vocal right-wingers and the school boards, mayors and legislators prohibit schools from teaching the two ways (abstinence or contraceptives) of decreasing teen pregnancy?@@@@1@33@@oe@2-2-2013
20687025@unknown@formal@none@1@S@Delta problems are difficult, not impossible, to solve -- I am just not convinced that we are ready to solve them yet.@@@@1@22@@oe@2-2-2013
20687026@unknown@formal@none@1@S@Leslie Falls Humphries@@@@1@3@@oe@2-2-2013
20687027@unknown@formal@none@1@S@Little Rock, Ark.@@@@1@3@@oe@2-2-2013
20687028@unknown@formal@none@1@S@I would like to issue a challenge to corporate America.@@@@1@10@@oe@2-2-2013
20687029@unknown@formal@none@1@S@The next time expansion plans are mentioned at the old company and somebody says, "Aw heck, guys, nobody can do it like Japan or South Korea," I wish you would butt in and say, "Hold it, fellas, why don't we compare prices and use our own little Third World country.@@@@1@50@@oe@2-2-2013
20687030@unknown@formal@none@1@S@We would even save on freight."@@@@1@6@@oe@2-2-2013
20687031@unknown@formal@none@1@S@There is no mystery why the Delta originated "Singin' the Blues."@@@@1@11@@oe@2-2-2013
20687032@unknown@formal@none@1@S@Eugene S. Clarke IV@@@@1@4@@oe@2-2-2013
20687033@unknown@formal@none@1@S@Hollandale, Miss.@@@@1@2@@oe@2-2-2013
20687034@unknown@formal@none@1@S@Your story is an insult to the citizens of the Mississippi Delta.@@@@1@12@@oe@2-2-2013
20687035@unknown@formal@none@1@S@Many of the problems you presented exist in every part of this country.@@@@1@13@@oe@2-2-2013
20687036@unknown@formal@none@1@S@Poverty is only two blocks from President Bush's residence.@@@@1@9@@oe@2-2-2013
20687037@unknown@formal@none@1@S@For years, we tried to ignore the problem of poverty, and now that it has gotten out of hand it's a new crusade for the media and our Democratic Congress.@@@@1@30@@oe@2-2-2013
20687038@unknown@formal@none@1@S@Nobody should have to live in such poor conditions as in "Sugar Ditch," but when you travel to Washington, Boston, Chicago or New York, the same problems exist.@@@@1@28@@oe@2-2-2013
20687039@unknown@formal@none@1@S@The only difference is, in those cities the poor are housed in high-rise-project apartments each consisting of one room, with rusty pipes called plumbing, rodents and cockroaches everywhere and nonworking elevators -- and with the building patrolled by gangs and drug dealers.@@@@1@42@@oe@2-2-2013
20687040@unknown@formal@none@1@S@Many middle-class people would love free food, Medicaid insurance, utilities and rent.@@@@1@12@@oe@2-2-2013
20687041@unknown@formal@none@1@S@Then maybe I could stay home and have seven children and watch Oprah Winfrey, like Beulah in the article, instead of having one child and working constantly just to stay above water, like so many families in this country.@@@@1@39@@oe@2-2-2013
20687042@unknown@formal@none@1@S@Dee Ann Wilson@@@@1@3@@oe@2-2-2013
20687043@unknown@formal@none@1@S@Greenville, Miss.@@@@1@2@@oe@2-2-2013
20688001@unknown@formal@none@1@S@Mobil Corp. is in the midst of cutting back its exploration and production group, which finds and develops oil and gas reserves in the U.S., by as much as 15% as part of a new restructuring of that sector of its business.@@@@1@42@@oe@2-2-2013
20688002@unknown@formal@none@1@S@Management advised employees Friday that it was going to reduce employment in production operations of the group by 8%, or 400 people.@@@@1@22@@oe@2-2-2013
20688003@unknown@formal@none@1@S@The exploration side of the unit has recently undergone a similar overhaul, during which it also lost as many as 400 employees, a company spokesman said in response to questions.@@@@1@30@@oe@2-2-2013
20688004@unknown@formal@none@1@S@Mobil Exploration & Producing U.S. Inc., the group involved, currently has a work force of somewhat less than 5,000.@@@@1@19@@oe@2-2-2013
20688005@unknown@formal@none@1@S@A few years ago, Mobil restructured the entire company during an industrywide shakeout.@@@@1@13@@oe@2-2-2013
20688006@unknown@formal@none@1@S@But since then U.S. oil production has declined and Mobil wants to focus its oil-finding efforts overseas.@@@@1@17@@oe@2-2-2013
20688007@unknown@formal@none@1@S@Mobil alluded to the work-force cuts last week when it took a $40 million charge as part of its third-quarter earnings and attributed it to a restructuring.@@@@1@27@@oe@2-2-2013
20688008@unknown@formal@none@1@S@Mobil officials said that it is unlikely any additional charges related to this move will be taken in future quarters.@@@@1@20@@oe@2-2-2013
20688009@unknown@formal@none@1@S@On Wednesday, Mobil will begin offering separation packages and voluntary retirement in its U.S. production operation.@@@@1@16@@oe@2-2-2013
20688010@unknown@formal@none@1@S@Mobil officials said they have been studying ways of streamlining these operations since early this year.@@@@1@16@@oe@2-2-2013
20688011@unknown@formal@none@1@S@During the coming months, layers of management will be peeled away and regional offices will become more autonomous.@@@@1@18@@oe@2-2-2013
20688012@unknown@formal@none@1@S@For greater efficiency, employees at those locations will be reorganized into teams responsible for managing the properties under their jurisdiction, Mobil said.@@@@1@22@@oe@2-2-2013
20688013@unknown@formal@none@1@S@"The main feature of the new organization is that each local manager will have both the authority and accountability for profitable and technically sound operations," said Charles E. Spruell, president of the Mobil unit.@@@@1@34@@oe@2-2-2013
20688014@unknown@formal@none@1@S@Field offices at New Orleans; Houston; Denver; Midland, Tex.; Bakersfield, Calif.; Oklahoma City; and Liberal, Kan., will be maintained.@@@@1@19@@oe@2-2-2013
20688015@unknown@formal@none@1@S@But the staffs at some of those locations will be slashed while at others the work force will be increased.@@@@1@20@@oe@2-2-2013
20688016@unknown@formal@none@1@S@For instance, employment in Denver will be reduced to 105 from 430.@@@@1@12@@oe@2-2-2013
20688017@unknown@formal@none@1@S@But on the West Coast, where profitable oil production is more likely than in the midcontinent region, the Bakersfield, Calif., office staff of 130 will grow by 175 to 305.@@@@1@30@@oe@2-2-2013
20688018@unknown@formal@none@1@S@The reorganization will "focus on the value and potential of assets," Mr. Spruell said.@@@@1@14@@oe@2-2-2013
20689001@unknown@formal@none@1@S@Wanted: An investment that's as simple and secure as a certificate of deposit but offers a return worth getting excited about.@@@@1@21@@oe@2-2-2013
20689002@unknown@formal@none@1@S@With $150 billion of CDs maturing this month, a lot of people have been scouring the financial landscape for just such an investment.@@@@1@23@@oe@2-2-2013
20689003@unknown@formal@none@1@S@In April, when many of them bought their CDs, six-month certificates were yielding more than 9%; investors willing to look could find double-digit yields at some banks and thrifts.@@@@1@29@@oe@2-2-2013
20689004@unknown@formal@none@1@S@Now, the nationwide average yield on a six-month CD is just under 8%, and 8.5% is about the best around.@@@@1@20@@oe@2-2-2013
20689005@unknown@formal@none@1@S@But investors looking for alternatives aren't finding it easy.@@@@1@9@@oe@2-2-2013
20689006@unknown@formal@none@1@S@Yields on most fixed-income securities are lower than several months ago.@@@@1@11@@oe@2-2-2013
20689007@unknown@formal@none@1@S@And the stock market's recent gyrations are a painful reminder of the dangers there.@@@@1@14@@oe@2-2-2013
20689008@unknown@formal@none@1@S@"If you're looking for a significantly higher yield with the same level of risk as a CD, you're not going to find it," says Washington financial planner Dennis M. Gurtz.@@@@1@30@@oe@2-2-2013
20689009@unknown@formal@none@1@S@There are, however, some alternatives that income-oriented investors should consider, investment advisers say.@@@@1@13@@oe@2-2-2013
20689010@unknown@formal@none@1@S@Short-term municipal bonds, bond funds and tax-deferred annuities are some of the choices they mention -- and not just as a way to get a higher return.@@@@1@27@@oe@2-2-2013
20689011@unknown@formal@none@1@S@In particular, advisers say, investors may want to look at securities that reduce the risk that CD holders are confronting right now, of having to reinvest the proceeds of maturing short-term certificates at lower rates.@@@@1@35@@oe@2-2-2013
20689012@unknown@formal@none@1@S@A mix of CDs and other holdings may make the most sense.@@@@1@12@@oe@2-2-2013
20689013@unknown@formal@none@1@S@"People should remember their money isn't all or nothing -- they don't need to be shopping for the one interest-rate-type investment and putting all their money in it," says Bethesda, Md., adviser Karen Schaeffer.@@@@1@34@@oe@2-2-2013
20689014@unknown@formal@none@1@S@Here's a look at some of the alternatives:@@@@1@8@@oe@2-2-2013
20689015@unknown@formal@none@1@S@SHORT-TERM MUNICIPALS:@@@@1@2@@oe@2-2-2013
20689016@unknown@formal@none@1@S@Investors with a heavy tax load should take out their calculators.@@@@1@11@@oe@2-2-2013
20689017@unknown@formal@none@1@S@Yields on municipal bonds can be higher than after-tax yields on CDs for maturities of perhaps one to five years.@@@@1@20@@oe@2-2-2013
20689018@unknown@formal@none@1@S@That's because municipal-bond interest is exempt from federal income tax -- and from state and local taxes too, for in-state investors.@@@@1@21@@oe@2-2-2013
20689019@unknown@formal@none@1@S@For an investor paying tax at a 33% rate, a seemingly puny 6% yield on a one-year muni is equivalent to a taxable 9%.@@@@1@24@@oe@2-2-2013
20689020@unknown@formal@none@1@S@Rates approach 6.5% on five-year municipals.@@@@1@6@@oe@2-2-2013
20689021@unknown@formal@none@1@S@Some of the more cautious CD holders might like "pre-refunded" municipals.@@@@1@11@@oe@2-2-2013
20689022@unknown@formal@none@1@S@These securities get top credit ratings because the issuers have put aside U.S. bonds that will be sold to pay off holders when the municipals are retired.@@@@1@27@@oe@2-2-2013
20689023@unknown@formal@none@1@S@"It's a no-brainer: You don't have to worry about diversification; you don't have to worry about quality," says Steven J. Hueglin, executive vice president of the New York bond firm of Gabriele, Hueglin & Cashman Inc.@@@@1@36@@oe@2-2-2013
20689024@unknown@formal@none@1@S@Consider a "laddered" bond portfolio, with issues maturing in, say, 1992, 1993 and 1994, advises Malcolm A. Makin, a Westerly, R.I., financial planner.@@@@1@23@@oe@2-2-2013
20689025@unknown@formal@none@1@S@The idea is to have money rolling over each year at prevailing interest rates.@@@@1@14@@oe@2-2-2013
20689026@unknown@formal@none@1@S@BOND FUNDS:@@@@1@2@@oe@2-2-2013
20689027@unknown@formal@none@1@S@Bond mutual funds offer diversification and are easy to buy and sell.@@@@1@12@@oe@2-2-2013
20689028@unknown@formal@none@1@S@That makes them a reasonable option for investors who will accept some risk of price fluctuation in order to make a bet that interest rates will decline over the next year or so.@@@@1@33@@oe@2-2-2013
20689029@unknown@formal@none@1@S@Buyers can look forward to double-digit annual returns if they are right.@@@@1@12@@oe@2-2-2013
20689030@unknown@formal@none@1@S@But they will have disappointing returns or even losses if interest rates rise instead.@@@@1@14@@oe@2-2-2013
20689031@unknown@formal@none@1@S@Bond resale prices, and thus fund share prices, move in the opposite direction from rates.@@@@1@15@@oe@2-2-2013
20689032@unknown@formal@none@1@S@The price movements get bigger as the maturity of the securities lengthens.@@@@1@12@@oe@2-2-2013
20689033@unknown@formal@none@1@S@Consider, for instance, two bond funds from Vanguard Group of Investment Cos. that were both yielding 8.6% on a recent day.@@@@1@21@@oe@2-2-2013
20689034@unknown@formal@none@1@S@The Short Term Bond Fund, with an average maturity of 2 1/2 years, would deliver a total return for one year of about 10.6% if rates drop one percentage point and a one-year return of about 6.6% if rates rise by the same amount.@@@@1@44@@oe@2-2-2013
20689035@unknown@formal@none@1@S@But, in the same circumstances, the returns would be a more extreme 14.6% and 2.6% for the Vanguard Bond Market Fund, with its 12 1/2-year average maturity.@@@@1@27@@oe@2-2-2013
20689036@unknown@formal@none@1@S@"You get equity-like returns" from bonds if you guess right on rates, says James E. Wilson, a Columbia, S.C., planner.@@@@1@20@@oe@2-2-2013
20689037@unknown@formal@none@1@S@If interest rates don't change, bond fund investors' returns will be about equal to the funds' current yields.@@@@1@18@@oe@2-2-2013
20689038@unknown@formal@none@1@S@DEFERRED ANNUITIES:@@@@1@2@@oe@2-2-2013
20689039@unknown@formal@none@1@S@These insurance company contracts feature some of the same tax benefits and restrictions as non-deductible individual retirement accounts: Investment gains are compounded without tax consequences until money is withdrawn, but a 10% penalty tax is imposed on withdrawals made before age 59 1/2.@@@@1@43@@oe@2-2-2013
20689040@unknown@formal@none@1@S@Aimed specifically at CD holders are so-called CD-type annuities, or certificates of annuity.@@@@1@13@@oe@2-2-2013
20689041@unknown@formal@none@1@S@An interest rate is guaranteed for between one and seven years, after which holders get 30 days to choose another guarantee period or to switch to another insurer's contract without the surrender charges that are common to annuities.@@@@1@38@@oe@2-2-2013
20689042@unknown@formal@none@1@S@Some current rates exceed those on CDs.@@@@1@7@@oe@2-2-2013
20689043@unknown@formal@none@1@S@For instance, a CD-type annuity from North American Co. for Life & Health Insurance, Chicago, offers 8.8% interest for one year or a 9% rate for two years.@@@@1@28@@oe@2-2-2013
20689044@unknown@formal@none@1@S@Annuities are rarely a good idea at age 35 because of the withdrawal restrictions.@@@@1@14@@oe@2-2-2013
20689045@unknown@formal@none@1@S@But at age 55, "they may be a great deal," says Mr. Wilson, the Columbia, S.C., planner.@@@@1@17@@oe@2-2-2013
20689046@unknown@formal@none@1@S@MONEY MARKET FUNDS:@@@@1@3@@oe@2-2-2013
20689047@unknown@formal@none@1@S@That's right, money market mutual funds.@@@@1@6@@oe@2-2-2013
20689048@unknown@formal@none@1@S@The conventional wisdom is to go into money funds when rates are rising and shift out at times such as the present, when rates seem headed down.@@@@1@27@@oe@2-2-2013
20689049@unknown@formal@none@1@S@With average maturities of a month or so, money funds offer fixed share prices and floating returns that track market interest rates, with a slight lag.@@@@1@26@@oe@2-2-2013
20689050@unknown@formal@none@1@S@Still, today's highest-yielding money funds may beat CDs over the next year even if rates fall, says Guy Witman, an editor of the Bond Market Advisor newsletter in Atlanta.@@@@1@29@@oe@2-2-2013
20689051@unknown@formal@none@1@S@That's because top-yielding funds currently offer yields almost 1 1/2 percentage points above the average CD yield.@@@@1@17@@oe@2-2-2013
20689052@unknown@formal@none@1@S@Mr. Witman likes the Dreyfus Worldwide Dollar Money Market Fund, with a seven-day compound yield just under 9.5%.@@@@1@18@@oe@2-2-2013
20689053@unknown@formal@none@1@S@A new fund, its operating expenses are being temporarily subsidized by the sponsor.@@@@1@13@@oe@2-2-2013
20689054@unknown@formal@none@1@S@Try combining a money fund and an intermediate-term bond fund as a low-risk bet on falling rates, suggests Back Bay Advisors Inc., a mutual fund unit of New England Insurance Co.@@@@1@31@@oe@2-2-2013
20689055@unknown@formal@none@1@S@If rates unexpectedly rise, the increasing return on the money fund will partly offset the lower-than-expected return from the bond fund.@@@@1@21@@oe@2-2-2013
20690001@unknown@formal@none@1@S@Federal drug regulators, concerned over British reports that diabetics have died after shifting from animal to human-based insulin, say they are considering a study to see if similar deaths have occurred here.@@@@1@32@@oe@2-2-2013
20690002@unknown@formal@none@1@S@The United Kingdom reports came from Dr. Patrick Toseland, head of clinical chemistry at Guy's Hospital in London.@@@@1@18@@oe@2-2-2013
20690003@unknown@formal@none@1@S@In a telephone interview Friday, Dr. Toseland said the number of sudden, unexplained deaths of diabetics he had seen this year was 17 compared with just two in 1985.@@@@1@29@@oe@2-2-2013
20690004@unknown@formal@none@1@S@At least six of the deaths occurred among relatively young diabetics who had switched from animal to human insulin within the past year, he said.@@@@1@25@@oe@2-2-2013
20690005@unknown@formal@none@1@S@Dr. Solomon Sobel, director of metabolism and endrocrine drug products for the U.S. Food and Drug Administration, said FDA officials have discussed Dr. Toseland's findings "fairly intensively."@@@@1@27@@oe@2-2-2013
20690006@unknown@formal@none@1@S@While there have been no reports of similar sudden unexplained deaths among diabetics in the U.S., Dr. Sobel said the FDA plans to examine Dr. Toseland's evidence and is considering its own study here.@@@@1@34@@oe@2-2-2013
20690007@unknown@formal@none@1@S@Dr. Toseland, a toxicologist, said he was preparing an article for a British forensic medical journal raising the possibility that the deaths may have occurred after human insulin blunted critical warning signs indicating hypoglycemia, or low blood sugar, which can kill diabetics.@@@@1@42@@oe@2-2-2013
20690008@unknown@formal@none@1@S@The usual warning signs of hypoglycemia include sweating, anxiety and cramps.@@@@1@11@@oe@2-2-2013
20690009@unknown@formal@none@1@S@With proper warning, diabetics can easily raise their blood sugar to safe levels by eating sugar or sugary food.@@@@1@19@@oe@2-2-2013
20690010@unknown@formal@none@1@S@"The anecdotal data certainly shows that some of the people were not aware of the rapid onset of hypoglycemia," Dr. Toseland said.@@@@1@22@@oe@2-2-2013
20690011@unknown@formal@none@1@S@At the U.S. National Institutes of Health, Dr. Robert E. Silverman, chief of the diabetes program branch, said no evidence of unexpected deaths from hypoglycemia had shown up in a study of 1,500 diabetics that has been under way at NIH for five years.@@@@1@44@@oe@2-2-2013
20690012@unknown@formal@none@1@S@However, he said officials conducting the study hadn't been looking for signs of problems related to hypoglycemia unawareness.@@@@1@18@@oe@2-2-2013
20690013@unknown@formal@none@1@S@"We are now monitoring for it much more closely," he said.@@@@1@11@@oe@2-2-2013
20690014@unknown@formal@none@1@S@"We do know there are slight differences in the way human and animal insulins drive down blood sugar," Dr. Sobel said.@@@@1@21@@oe@2-2-2013
20690015@unknown@formal@none@1@S@The human-based drug starts the blood sugar dropping sooner and drives it down faster, he said.@@@@1@16@@oe@2-2-2013
20690016@unknown@formal@none@1@S@"But we don't believe there is enough of a difference to be clinically significant," Dr. Sobel said.@@@@1@17@@oe@2-2-2013
20690017@unknown@formal@none@1@S@Reports of Dr. Toseland's findings in the British press have triggered widespread concern among diabetics there.@@@@1@16@@oe@2-2-2013
20690018@unknown@formal@none@1@S@Both the British Diabetic Association and the Committee on Safety in Medicines -- Britain's equivalent of the U.S. FDA -- recently issued statements noting the lack of hard scientific evidence to support Dr. Toseland's findings.@@@@1@35@@oe@2-2-2013
20690019@unknown@formal@none@1@S@On Friday, the American Diabetes Association issued a similar statement urging the six million U.S. diabetics not to overreact to the British report.@@@@1@23@@oe@2-2-2013
20690020@unknown@formal@none@1@S@"A loss of the warning symptoms of hypoglycemia is a complex problem that is very unlikely to be due simply to the type of insulin used," the American association said.@@@@1@30@@oe@2-2-2013
20690021@unknown@formal@none@1@S@The FDA already requires drug manufacturers to include warnings with insulin products that symptoms of hypoglycemia are less pronounced with human insulin than with animal-based products.@@@@1@26@@oe@2-2-2013
20690022@unknown@formal@none@1@S@Eli Lilly & Co., the Indianapolis-based drug manufacturer, dominates the U.S. human insulin market with its product known as Humulin.@@@@1@20@@oe@2-2-2013
20690023@unknown@formal@none@1@S@Lilly is building plants to make the insulin in Indianapolis and Fagershein, France.@@@@1@13@@oe@2-2-2013
20690024@unknown@formal@none@1@S@In its latest annual report, Lilly said Humulin sales have shown "excellent growth."@@@@1@13@@oe@2-2-2013
20690025@unknown@formal@none@1@S@Lilly officials said they had seen reports of hypoglycemic unawareness among some patients making the shift from animal to human insulin, but didn't know if the problem had caused any deaths.@@@@1@31@@oe@2-2-2013
20690026@unknown@formal@none@1@S@Dr. Leigh Thompson, a Lilly group vice president, said the company's clinical trials of both its animal and human-based insulins indicated no difference in the level of hypoglycemia between users of either product.@@@@1@33@@oe@2-2-2013
20690027@unknown@formal@none@1@S@Dr. Toseland said most of the British diabetics who died had been taking a human-based insulin made by Novo/Nordisk, a Danish manufacturer.@@@@1@22@@oe@2-2-2013
20690028@unknown@formal@none@1@S@None of the diabetics were using Lilly's insulin.@@@@1@8@@oe@2-2-2013
20691001@unknown@formal@none@1@S@SharesBase Corp. said it will reduce its 221-person work force by about 25%, effective tomorrow, in an effort to stem continuing losses.@@@@1@22@@oe@2-2-2013
20691002@unknown@formal@none@1@S@The company, which makes data base systems and software, said it expects to report a loss for the third quarter ended Sept. 30.@@@@1@23@@oe@2-2-2013
20692001@unknown@formal@none@1@S@Defense intellectuals have complained for years that the Pentagon cannot determine priorities because it has no strategy.@@@@1@17@@oe@2-2-2013
20692002@unknown@formal@none@1@S@Last April, the new defense secretary, Richard Cheney, acknowledged that, "given an ideal world, we'd have a nice, neat, orderly process.@@@@1@21@@oe@2-2-2013
20692003@unknown@formal@none@1@S@We'd do the strategy and then we'd come around and do the budget.@@@@1@13@@oe@2-2-2013
20692004@unknown@formal@none@1@S@This city doesn't work that way."@@@@1@6@@oe@2-2-2013
20692005@unknown@formal@none@1@S@With a five-year defense plan costing more than $1.6 trillion, it's about time we put together a defense strategy that works in Washington.@@@@1@23@@oe@2-2-2013
20692006@unknown@formal@none@1@S@This won't happen until strategists come down from their ivory tower and learn to work in the real world of limited budgets and uncertain futures.@@@@1@25@@oe@2-2-2013
20692007@unknown@formal@none@1@S@As it is, we identify national goals and the threats to these goals, we shape a strategy to counter these threats, we determine the forces needed to execute the strategy, before finally forging the budgets needed to build and maintain the forces.@@@@1@42@@oe@2-2-2013
20692008@unknown@formal@none@1@S@These procedures consume millions of man-hours of labor and produce tons of paper, and each year, their end product -- the Five Year Defense Plan -- promptly melts away.@@@@1@29@@oe@2-2-2013
20692009@unknown@formal@none@1@S@The graph on the left shows how this happens (see accompanying illustration -- WSJ Oct. 30, 1989).@@@@1@17@@oe@2-2-2013
20692010@unknown@formal@none@1@S@Compare the past eight five-year plans with actual appropriations.@@@@1@9@@oe@2-2-2013
20692011@unknown@formal@none@1@S@The Pentagon's strategists produce budgets that simply cannot be executed because they assume a defense strategy depends only on goals and threats.@@@@1@22@@oe@2-2-2013
20692012@unknown@formal@none@1@S@Strategy, however, is about possibilities, not hopes and dreams.@@@@1@9@@oe@2-2-2013
20692013@unknown@formal@none@1@S@By ignoring costs, U.S. strategists abdicate their responsibility for hard decisions.@@@@1@11@@oe@2-2-2013
20692014@unknown@formal@none@1@S@That puts the real strategic decisions in the hands of others: bean counters, budgeteers, and pork-barrelers.@@@@1@16@@oe@2-2-2013
20692015@unknown@formal@none@1@S@These people have different agendas.@@@@1@5@@oe@2-2-2013
20692016@unknown@formal@none@1@S@And as a result -- as the recent vote by the House to undo Mr. Cheney's program terminations suggests -- the preservation of jobs is becoming the real goal of defense "strategy."@@@@1@32@@oe@2-2-2013
20692017@unknown@formal@none@1@S@How can we turn this situation around?@@@@1@7@@oe@2-2-2013
20692018@unknown@formal@none@1@S@Reform starts in the Pentagon.@@@@1@5@@oe@2-2-2013
20692019@unknown@formal@none@1@S@Strategists should consider the impact of budget uncertainties at the beginning of the planning process.@@@@1@15@@oe@2-2-2013
20692020@unknown@formal@none@1@S@They ought to examine how a range of optimistic to pessimistic budget scenarios would change the defense program.@@@@1@18@@oe@2-2-2013
20692021@unknown@formal@none@1@S@They would then develop priorities by identifying the least painful program cuts as they moved from higher to lower budgets.@@@@1@20@@oe@2-2-2013
20692022@unknown@formal@none@1@S@They would also identify the best way to add programs, should the budget come in at higher levels.@@@@1@18@@oe@2-2-2013
20692023@unknown@formal@none@1@S@This kind of contingency analysis is common in war planning and business planning.@@@@1@13@@oe@2-2-2013
20692024@unknown@formal@none@1@S@There is no reason that it can not be done for defense planning.@@@@1@13@@oe@2-2-2013
20692025@unknown@formal@none@1@S@Two steps are necessary to translate this idea into action.@@@@1@10@@oe@2-2-2013
20692026@unknown@formal@none@1@S@Step 1 cleans up our books.@@@@1@6@@oe@2-2-2013
20692027@unknown@formal@none@1@S@Our five-year plan contains three accounting devices -- negative money, an above guidance management reserve and optimistic inflation estimates -- which understate the spending the Pentagon has committed itself to by almost $100 billion.@@@@1@34@@oe@2-2-2013
20692028@unknown@formal@none@1@S@Negative money was invented in 1988 to make the 1990-94 Five Year Defense Plan conform to the numbers in President Reagan's final budget submission to Congress.@@@@1@26@@oe@2-2-2013
20692029@unknown@formal@none@1@S@That plan exceeded the numbers contained in his budget message by $45 billion.@@@@1@13@@oe@2-2-2013
20692030@unknown@formal@none@1@S@To make the books balance, as is required by law, somebody invented a new budget line item that simply subtracted $45 billion.@@@@1@22@@oe@2-2-2013
20692031@unknown@formal@none@1@S@It is known in the Pentagon as the "negative wedge."@@@@1@10@@oe@2-2-2013
20692032@unknown@formal@none@1@S@The Pentagon argues that the negative wedge is the net effect of $22 billion in the as-yet unidentified procurement reductions that it intends to find in future years and $23 billion in an "above guidance" management reserve that accounts for undefined programs that will materialize in the future.@@@@1@48@@oe@2-2-2013
20692033@unknown@formal@none@1@S@The 1990 plan also assumes inflation will decline to 1.7% by 1994.@@@@1@12@@oe@2-2-2013
20692034@unknown@formal@none@1@S@Most forecasters, including those in the Congressional Budget Office, assume inflation will be in excess of 4% in each of those five years.@@@@1@23@@oe@2-2-2013
20692035@unknown@formal@none@1@S@At that rate, the defense plan is underfunded by $48 billion.@@@@1@11@@oe@2-2-2013
20692036@unknown@formal@none@1@S@By adding the negative wedge and recalculating the remaining program using a more probable inflation estimate, we arrive at a baseline program costing $1.7 trillion between 1990 and 1994.@@@@1@29@@oe@2-2-2013
20692037@unknown@formal@none@1@S@Step 2 examines how four progressively lower budget scenarios would change the baseline and how these changes would affect our national security.@@@@1@22@@oe@2-2-2013
20692038@unknown@formal@none@1@S@The graph on the right (which assumes a 4% rate of inflation), places these scenarios in the context of recent appropriations (see accompanying illustration -- WSJ Oct. 30, 1989).@@@@1@29@@oe@2-2-2013
20692039@unknown@formal@none@1@S@Note how the baseline program assumes a sharp increase in future appropriations.@@@@1@12@@oe@2-2-2013
20692040@unknown@formal@none@1@S@Step 2 will answer the question: What happens if these increases do not materialize?@@@@1@14@@oe@2-2-2013
20692041@unknown@formal@none@1@S@Scenario 1, known as the "Constant Dollar Freeze," reimburses the Pentagon for inflation only -- it slopes upward at 4% per year.@@@@1@22@@oe@2-2-2013
20692042@unknown@formal@none@1@S@This scenario has been the rough position of the U.S. Senate since 1985, and it reduces the baseline by $106 billion between 1990 and 1994.@@@@1@25@@oe@2-2-2013
20692043@unknown@formal@none@1@S@Scenario 3, the "Current Dollar Freeze," has been the approximate position of the House of Representatives for about four years.@@@@1@20@@oe@2-2-2013
20692044@unknown@formal@none@1@S@It freezes the budget at its current level, and forces the Pentagon to eat the effects of inflation until 1994.@@@@1@20@@oe@2-2-2013
20692045@unknown@formal@none@1@S@This reduces the baseline by $229 billion.@@@@1@7@@oe@2-2-2013
20692046@unknown@formal@none@1@S@Scenario 2 extends the recent compromises between the House and the Senate; it splits the difference between Scenarios 1 and 3, by increasing the budget at 2% per year.@@@@1@29@@oe@2-2-2013
20692047@unknown@formal@none@1@S@It reduces the baseline by $169 billion.@@@@1@7@@oe@2-2-2013
20692048@unknown@formal@none@1@S@Finally, Scenario 4 reduces the budget by 2% per year for the next five years -- a total reduction of $287 billion.@@@@1@22@@oe@2-2-2013
20692049@unknown@formal@none@1@S@This can be thought of as a pessimistic prediction, perhaps driven by the sequestering effects of the Gramm-Rudman deficit reduction law or possibly a relaxation of tensions with the Soviet Union.@@@@1@31@@oe@2-2-2013
20692050@unknown@formal@none@1@S@The strategic planners in the Joint Chiefs of Staff would construct the most effective defense program for each scenario, maximizing strengths and minimizing weaknesses.@@@@1@24@@oe@2-2-2013
20692051@unknown@formal@none@1@S@They would conclude their efforts by producing a comprehensive net assessment for each plan -- including the assumptions made, an analysis of its deficiencies and limitations, the impact on national security, and the best strategy for working around these limitations.@@@@1@40@@oe@2-2-2013
20692052@unknown@formal@none@1@S@This exercise would reveal the true cost of a particular program by forcing the strategists to make hard decisions.@@@@1@19@@oe@2-2-2013
20692053@unknown@formal@none@1@S@If, for example, they choose to keep the B-2 Stealth bomber, they would have to sacrifice more and more other programs -- such as carrier battlegroups or army divisions -- as they moved toward lower budget levels.@@@@1@37@@oe@2-2-2013
20692054@unknown@formal@none@1@S@These trade-offs would evolve priorities by revealing when the cost of the B-2 became prohibitive.@@@@1@15@@oe@2-2-2013
20692055@unknown@formal@none@1@S@Some may be tempted to argue that the idea of a strategic review merely resurrects the infamous Zero-Based Budgeting (ZBB) concept of the Carter administration.@@@@1@25@@oe@2-2-2013
20692056@unknown@formal@none@1@S@But ZBB did not involve the strategic planners in the Joint Chiefs of Staff, and therefore degenerated into a bean-counting drill driven by budget politics.@@@@1@25@@oe@2-2-2013
20692057@unknown@formal@none@1@S@Anyway, ZBB's procedures were so cumbersome that everyone involved was crushed under a burden of marginalia.@@@@1@16@@oe@2-2-2013
20692058@unknown@formal@none@1@S@A strategic review is fundamentally different.@@@@1@6@@oe@2-2-2013
20692059@unknown@formal@none@1@S@It would be run by the joint chiefs under simple directions: Produce the best possible force for each budget scenario and provide the Secretary of Defense with a comprehensive net assessment of how that force could be used to achieve U.S. goals.@@@@1@42@@oe@2-2-2013
20692060@unknown@formal@none@1@S@It might be feared that even thinking about lower budgets will hurt national security because the door will be opened to opportunistic budget cutting by an irresponsible Congress.@@@@1@28@@oe@2-2-2013
20692061@unknown@formal@none@1@S@This argument plays well in the atmosphere of gaming and mistrust permeating the Pentagon and Congress, and unfortunately, there is some truth to it.@@@@1@24@@oe@2-2-2013
20692062@unknown@formal@none@1@S@But in the end, it must be rejected for logical as well as moral reasons.@@@@1@15@@oe@2-2-2013
20692063@unknown@formal@none@1@S@To say that the Pentagon should act irresponsibly because acting responsibly will provoke Congress into acting irresponsibly leads to the conclusion that the Pentagon should deliberately exaggerate its needs in the national interest; in other words, that it is justified in committing a crime -- lying to Congress -- because it is morally superior.@@@@1@54@@oe@2-2-2013
20692064@unknown@formal@none@1@S@Strategy is not a game between the Pentagon and Congress; it is the art of the possible in a world where constraints force us to choose between unpleasant or imperfect alternatives.@@@@1@31@@oe@2-2-2013
20692065@unknown@formal@none@1@S@If we want meaningful priorities, we must understand the trade-offs they imply before we make commitments.@@@@1@16@@oe@2-2-2013
20692066@unknown@formal@none@1@S@Strategy is not a separate event in an idealized sequence of discrete events; it is a way of thinking that neutralizes threats to our interests in a manner consistent with our financial, cultural and physical limitations.@@@@1@36@@oe@2-2-2013
20692067@unknown@formal@none@1@S@Mr. Spinney is a permanent Pentagon official.@@@@1@7@@oe@2-2-2013
20692068@unknown@formal@none@1@S@This is a condensed version of an essay that will appear in the January issue of the Naval Institute Proceedings.@@@@1@20@@oe@2-2-2013
20692069@unknown@formal@none@1@S@The views expressed do not reflect the official policy of the Department of Defense.@@@@1@14@@oe@2-2-2013
20693001@unknown@formal@none@1@S@Although bullish dollar sentiment has fizzled, many currency analysts say a massive sell-off probably won't occur in the near future.@@@@1@20@@oe@2-2-2013
20693002@unknown@formal@none@1@S@While Wall Street's tough times and lower U.S. interest rates continue to undermine the dollar, weakness in the pound and the yen is expected to offset those factors.@@@@1@28@@oe@2-2-2013
20693003@unknown@formal@none@1@S@"By default," the dollar probably will be able to hold up pretty well in coming days, says Francoise Soares-Kemp, a foreign-exchange adviser at Credit Suisse.@@@@1@25@@oe@2-2-2013
20693004@unknown@formal@none@1@S@"We're close to the bottom" of the near-term ranges, she contends.@@@@1@11@@oe@2-2-2013
20693005@unknown@formal@none@1@S@In late Friday afternoon New York trading, the dollar was at 1.8300 marks and 141.65 yen, off from late Thursday's 1.8400 marks and 142.10 yen.@@@@1@25@@oe@2-2-2013
20693006@unknown@formal@none@1@S@The pound strengthened to $1.5795 from $1.5765.@@@@1@7@@oe@2-2-2013
20693007@unknown@formal@none@1@S@In Tokyo Monday, the U.S. currency opened for trading at 141.70 yen, down from Friday's Tokyo close of 142.75 yen.@@@@1@20@@oe@2-2-2013
20693008@unknown@formal@none@1@S@The dollar began Friday on a firm note, gaining against all major currencies in Tokyo dealings and early European trading despite reports that the Bank of Japan was seen unloading dollars around 142.70 yen.@@@@1@34@@oe@2-2-2013
20693009@unknown@formal@none@1@S@The rise came as traders continued to dump the pound after the sudden resignation Thursday of British Chancellor of the Exchequer Nigel Lawson.@@@@1@23@@oe@2-2-2013
20693010@unknown@formal@none@1@S@But once the pound steadied with help from purchases by the Bank of England and the Federal Reserve Bank of New York, the dollar was dragged down, traders say, by the stock-market slump that left the Dow Jones Industrial Average with a loss of 17.01 points.@@@@1@46@@oe@2-2-2013
20693011@unknown@formal@none@1@S@With the stock market wobbly and dollar buyers discouraged by signs of U.S. economic weakness and the recent decline in U.S. interest rates that has diminished the attractiveness of dollar-denominated investments, traders say the dollar is still in a precarious position.@@@@1@41@@oe@2-2-2013
20693012@unknown@formal@none@1@S@"They'll be looking at levels to sell the dollar," says James Scalfaro, a foreign-exchange marketing representative at Bank of Montreal.@@@@1@20@@oe@2-2-2013
20693013@unknown@formal@none@1@S@While some analysts say the dollar eventually could test support at 1.75 marks and 135 yen, Mr. Scalfaro and others don't see the currency decisively sliding under support at 1.80 marks and 140 yen soon.@@@@1@35@@oe@2-2-2013
20693014@unknown@formal@none@1@S@Predictions for limited dollar losses are based largely on the pound's weak state after Mr. Lawson's resignation and the yen's inability to strengthen substantially when there are dollar retreats.@@@@1@29@@oe@2-2-2013
20693015@unknown@formal@none@1@S@With the pound and the yen lagging behind other major currencies, "you don't have a confirmation" that a sharp dollar downturn is in the works, says Mike Malpede, senior currency analyst at Refco Inc. in Chicago.@@@@1@36@@oe@2-2-2013
20693016@unknown@formal@none@1@S@As far as the pound goes, some traders say a slide toward support at $1.5500 may be a favorable development for the dollar this week.@@@@1@25@@oe@2-2-2013
20693017@unknown@formal@none@1@S@While the pound has attempted to stabilize, currency analysts say it is in critical condition.@@@@1@15@@oe@2-2-2013
20693018@unknown@formal@none@1@S@Sterling plunged about four cents Thursday and hit the week's low of $1.5765 when Mr. Lawson resigned from his six-year post because of a policy squabble with other cabinet members.@@@@1@30@@oe@2-2-2013
20693019@unknown@formal@none@1@S@He was succeeded by John Major, who Friday expressed a desire for a firm pound and supported the relatively high British interest rates that he said "are working exactly as intended" in reducing inflation.@@@@1@34@@oe@2-2-2013
20693020@unknown@formal@none@1@S@But the market remains uneasy about Mr. Major's policy strategy and the prospects for the pound, currency analysts contend.@@@@1@19@@oe@2-2-2013
20693021@unknown@formal@none@1@S@Although the Bank of England's tight monetary policy has fueled worries that Britain's slowing economy is headed for a recession, it is widely believed that Mr. Lawson's willingness to prop up the pound with interest-rate increases helped stem pound selling in recent weeks.@@@@1@43@@oe@2-2-2013
20693022@unknown@formal@none@1@S@If there are any signs that Mr. Major will be less inclined to use interest-rate boosts to rescue the pound from another plunge, that currency is expected to fall sharply.@@@@1@30@@oe@2-2-2013
20693023@unknown@formal@none@1@S@"It's fair to say there are more risks for the pound under Major than there were under Lawson," says Malcolm Roberts, a director of international bond market research at Salomon Brothers in London.@@@@1@33@@oe@2-2-2013
20693024@unknown@formal@none@1@S@"There's very little upside to sterling," Mr. Roberts says, but he adds that near-term losses may be small because the selling wave that followed Mr. Major's appointment apparently has run its course.@@@@1@32@@oe@2-2-2013
20693025@unknown@formal@none@1@S@But some other analysts have a stormier forecast for the pound, particularly because Britain's inflation is hovering at a relatively lofty annual rate of about 7.6% and the nation is burdened with a struggling government and large current account and trade deficits.@@@@1@42@@oe@2-2-2013
20693026@unknown@formal@none@1@S@The pound likely will fall in coming days and may trade as low as 2.60 marks within the next year, says Nigel Rendell, an international economist at James Capel & Co. in London.@@@@1@33@@oe@2-2-2013
20693027@unknown@formal@none@1@S@The pound was at 2.8896 marks late Friday, off sharply from 2.9511 in New York trading a week earlier.@@@@1@19@@oe@2-2-2013
20693028@unknown@formal@none@1@S@If the pound falls closer to 2.80 marks, the Bank of England may raise Britain's base lending rate by one percentage point to 16%, says Mr. Rendell.@@@@1@27@@oe@2-2-2013
20693029@unknown@formal@none@1@S@But such an increase, he says, could be viewed by the market as "too little too late."@@@@1@17@@oe@2-2-2013
20693030@unknown@formal@none@1@S@The Bank of England indicated its desire to leave its monetary policy unchanged Friday by declining to raise the official 15% discount-borrowing rate that it charges discount houses, analysts say.@@@@1@30@@oe@2-2-2013
20693031@unknown@formal@none@1@S@Pound concerns aside, the lack of strong buying interest in the yen is another boon for the dollar, many traders say.@@@@1@21@@oe@2-2-2013
20693032@unknown@formal@none@1@S@The dollar has a "natural base of support" around 140 yen because the Japanese currency hasn't been purchased heavily in recent weeks, says Ms. Soares-Kemp of Credit Suisse.@@@@1@28@@oe@2-2-2013
20693033@unknown@formal@none@1@S@The yen's softness, she says, apparently stems from Japanese investors' interest in buying dollars against the yen to purchase U.S. bond issues and persistent worries about this year's upheaval in the Japanese government.@@@@1@33@@oe@2-2-2013
20693034@unknown@formal@none@1@S@On New York's Commodity Exchange Friday, gold for current delivery jumped $5.80, to $378.30 an ounce, the highest settlement since July 12.@@@@1@22@@oe@2-2-2013
20693035@unknown@formal@none@1@S@Estimated volume was a heavy seven million ounces.@@@@1@8@@oe@2-2-2013
20693036@unknown@formal@none@1@S@In early trading in Hong Kong Monday, gold was quoted at $378.87 an ounce.@@@@1@14@@oe@2-2-2013
20694001@unknown@formal@none@1@S@We are deeply disturbed that a recent editorial stated that the "Americans With Disabilities Act of 1989" was "crafted primarily by Democratic Senators Kennedy and Harkin" with a premise "based on the presumption that most Americans are hostile to the disabled. . . ."@@@@1@44@@oe@2-2-2013
20694002@unknown@formal@none@1@S@Perhaps even more offensive is the statement, "It is surprising that George Bush and the White House inner circle would ally themselves with this crabby philosophy."@@@@1@26@@oe@2-2-2013
20694003@unknown@formal@none@1@S@This legislation was not drafted by a handful of Democratic "do-gooders."@@@@1@11@@oe@2-2-2013
20694004@unknown@formal@none@1@S@Quite the contrary -- it results from years of work by members of the National Council on the Handicapped, all appointed by President Reagan.@@@@1@24@@oe@2-2-2013
20694005@unknown@formal@none@1@S@You depict the bill as something Democratic leaders "hoodwinked" the administration into endorsing.@@@@1@13@@oe@2-2-2013
20694006@unknown@formal@none@1@S@The opposite is true: It's the product of many meetings with administration officials, Senate staffers, advocates, and business and transportation officials.@@@@1@21@@oe@2-2-2013
20694007@unknown@formal@none@1@S@Many congressmen are citing the compromise on the "Americans With Disabilities Act of 1989" as a model for bipartisan deliberations.@@@@1@20@@oe@2-2-2013
20694008@unknown@formal@none@1@S@Most National Council members are themselves disabled or are parents of children with disabilities.@@@@1@14@@oe@2-2-2013
20694009@unknown@formal@none@1@S@We know firsthand the discrimination addressed by the act: to be told there's no place for your child in school; to spend lonely hours at home because there is no transportation for someone in a wheelchair; to be denied employment because you are disabled.@@@@1@44@@oe@2-2-2013
20694010@unknown@formal@none@1@S@Your editorial mockingly entitles this legislation the "Lawyers' Employment Act."@@@@1@10@@oe@2-2-2013
20694011@unknown@formal@none@1@S@For the 43 million people with disabilities and their families, this legislation is the "Emancipation Proclamation."@@@@1@16@@oe@2-2-2013
20694012@unknown@formal@none@1@S@Sandra Swift Parrino@@@@1@3@@oe@2-2-2013
20694013@unknown@formal@none@1@S@Chairperson@@@@1@1@@oe@2-2-2013
20694014@unknown@formal@none@1@S@National Council on the Handicapped@@@@1@5@@oe@2-2-2013
20695001@unknown@formal@none@1@S@A group of investors led by Giant Group Ltd. and its chairman, Burt Sugarman, said it filed with federal antitrust regulators for clearance to buy more than 50% of the stock of Rally's Inc., a fast-food company based in Louisville, Ky.@@@@1@41@@oe@2-2-2013
20695002@unknown@formal@none@1@S@Rally's operates and franchises about 160 fast-food restaurants throughout the U.S.@@@@1@11@@oe@2-2-2013
20695003@unknown@formal@none@1@S@The company went public earlier this month, offering 1,745,000 shares of common stock at $15 a share.@@@@1@17@@oe@2-2-2013
20695004@unknown@formal@none@1@S@Giant has interests in cement making and newsprint.@@@@1@8@@oe@2-2-2013
20695005@unknown@formal@none@1@S@The investor group includes Restaurant Investment Partnership, a California general partnership, and three Rally's directors: Mr. Sugarman, James M. Trotter III and William E. Trotter II.@@@@1@26@@oe@2-2-2013
20695006@unknown@formal@none@1@S@The group currently holds 3,027,330 Rally's shares, or 45.2% of its commmon shares outstanding.@@@@1@14@@oe@2-2-2013
20695007@unknown@formal@none@1@S@Giant Group owned 22% of Rally's shares before the initial public offering.@@@@1@12@@oe@2-2-2013
20695008@unknown@formal@none@1@S@A second group of three company directors, aligned with Rally's founder James Patterson, also is seeking control of the fast-food chain.@@@@1@21@@oe@2-2-2013
20695009@unknown@formal@none@1@S@It is estimated that the Patterson group controls more than 40% of Rally's stock.@@@@1@14@@oe@2-2-2013
20695010@unknown@formal@none@1@S@Rally officials weren't available to comment late yesterday.@@@@1@8@@oe@2-2-2013
20695011@unknown@formal@none@1@S@For the year ended July 2, Rally had net income of $2.4 million, or 34 cents a share, on revenue of $52.9 million.@@@@1@23@@oe@2-2-2013
20696001@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
20696002@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
20696003@unknown@formal@none@1@S@Estimated and actual results involving losses are omitted.@@@@1@8@@oe@2-2-2013
20696004@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
20696005@unknown@formal@none@1@S@Otherwise, actual profit is compared with the 300-day estimate.@@@@1@9@@oe@2-2-2013
20697001@unknown@formal@none@1@S@DPC Acquisition Partners, a hostile suitor for Dataproducts Corp., filed a petition in federal district court in Los Angeles seeking to have its standstill agreement with the computer printer maker declared void, and it proceeded with a $10-a-share tender offer for the company.@@@@1@43@@oe@2-2-2013
20697002@unknown@formal@none@1@S@The offer would give the transaction an indicated value of $189 million, based on the 18.9 million shares the group doesn't already own.@@@@1@23@@oe@2-2-2013
20697003@unknown@formal@none@1@S@DPC holds about 7.8% of Dataproducts' shares.@@@@1@7@@oe@2-2-2013
20697004@unknown@formal@none@1@S@Lawyers representing DPC declined to elaborate, saying they didn't have a final copy of the filing.@@@@1@16@@oe@2-2-2013
20697005@unknown@formal@none@1@S@Jack Davis, Dataproducts' chairman, said he hadn't yet seen the filing and couldn't comment.@@@@1@14@@oe@2-2-2013
20697006@unknown@formal@none@1@S@DPC made a $15-a-share bid for the company in May, but Dataproducts management considered the $283.7 million proposal unacceptable.@@@@1@19@@oe@2-2-2013
20697007@unknown@formal@none@1@S@Dataproducts had sought a buyer for several months, but it is now in the midst of a restructuring plan and management says the company is no longer for sale.@@@@1@29@@oe@2-2-2013
20698001@unknown@formal@none@1@S@Appalachian Power Co., a subsidiary of American Electric Power Co., said it will redeem on Dec. 1 the entire $44.2 million of its 12 7/8% first mortgage bonds due 2013.@@@@1@30@@oe@2-2-2013
20698002@unknown@formal@none@1@S@The redemption price will be 109.66% of the principal amount of the bonds, plus accrued interest to the date of redemption.@@@@1@21@@oe@2-2-2013
20699001@unknown@formal@none@1@S@The European Community's consumer price index rose a provisional 0.6% in September from August and was up 5.3% from September 1988, according to Eurostat, the EC's statistical agency.@@@@1@28@@oe@2-2-2013
20699002@unknown@formal@none@1@S@The month-to-month rise in the index was the largest since April, Eurostat said.@@@@1@13@@oe@2-2-2013