21600001@unknown@formal@none@1@S@When it comes to buying and selling shares, Westridge Capital Management Inc. takes a back seat to no one.@@@@1@19@@oe@2-2-2013
21600002@unknown@formal@none@1@S@Every dollar's worth of stock in the Los Angeles money manager's portfolio is traded seven or eight times a year, the firm estimates.@@@@1@23@@oe@2-2-2013
21600003@unknown@formal@none@1@S@That makes it the most active trader among all the nation's investment advisers, according to Securities and Exchange Commission filings.@@@@1@20@@oe@2-2-2013
21600004@unknown@formal@none@1@S@But wait a second.@@@@1@4@@oe@2-2-2013
21600005@unknown@formal@none@1@S@Westridge Capital is an index fund -- the type of stolid long-term investor whose goal is to be nothing more than average.@@@@1@22@@oe@2-2-2013
21600006@unknown@formal@none@1@S@Westridge Capital's frenetic trading reflects the changes sweeping through the previously sleepy world of indexing.@@@@1@15@@oe@2-2-2013
21600007@unknown@formal@none@1@S@Indexing for the most part has involved simply buying and then holding stocks in the correct mix to mirror a stock market barometer, such as Standard & Poor's 500-stock index, and match its performance.@@@@1@34@@oe@2-2-2013
21600008@unknown@formal@none@1@S@Institutional investors have poured $210 billion into stock and bond indexing as a cheap and easy form of investment management that promises to post average market returns.@@@@1@27@@oe@2-2-2013
21600009@unknown@formal@none@1@S@These big investors have flocked to indexing because relatively few "active" stock pickers have been able to consistently match the returns of the S&P 500 or other bellwethers, much less beat it.@@@@1@32@@oe@2-2-2013
21600010@unknown@formal@none@1@S@And the fees investors pay for indexing run a few pennies for each $100 of assets -- a fraction of the cost of active managers.@@@@1@25@@oe@2-2-2013
21600011@unknown@formal@none@1@S@That's because computers do most of the work, and low trading activity keeps a lid on commission costs.@@@@1@18@@oe@2-2-2013
21600012@unknown@formal@none@1@S@But today, indexing is moving from a passive investment strategy to an increasingly active one.@@@@1@15@@oe@2-2-2013
21600013@unknown@formal@none@1@S@Because index-fund managers are no longer satisfied with merely being average, they have developed "enhanced" indexing strategies that are intended to outperform the market as much as three percentage points.@@@@1@30@@oe@2-2-2013
21600014@unknown@formal@none@1@S@"Indexing has been the most single successful investment concept in the last decade, but the index money has been just sort of sitting there," says Seth M. Lynn, president of Axe Core Investors Inc., an indexer based in Tarrytown, N.Y.@@@@1@40@@oe@2-2-2013
21600015@unknown@formal@none@1@S@"Now the interest is in what else can I do with that money."@@@@1@13@@oe@2-2-2013
21600016@unknown@formal@none@1@S@Among the souped-up indexing strategies: Indexed portfolios can be built around thousands of stocks, or just a few dozen, rather than being restricted to the S&P 500 companies.@@@@1@28@@oe@2-2-2013
21600017@unknown@formal@none@1@S@They can ignore the S&P 500 stocks altogether and focus on particular types of stocks, such as smaller companies, those paying high dividends or companies in a particular industry, state or country.@@@@1@32@@oe@2-2-2013
21600018@unknown@formal@none@1@S@With today's computer-driven program trading techniques, index funds can trade back and forth between stock-index futures and the actual stocks making up indexes such as the S&P 500.@@@@1@28@@oe@2-2-2013
21600019@unknown@formal@none@1@S@Futures and options also make it possible to build "synthetic" index funds that don't actually own a single share of stock, but can produce returns that match or exceed the broad stock market.@@@@1@33@@oe@2-2-2013
21600020@unknown@formal@none@1@S@One reason for these hybrids is that indexing's rapid growth is slowing, particularly for those "plain vanilla" funds that mirror the S&P 500.@@@@1@23@@oe@2-2-2013
21600021@unknown@formal@none@1@S@"There isn't a boatload {of big investors} out there still waiting to get into indexing," says P. James Kartalia, vice president of ANB Investment Management Co., Chicago, which offers both indexing and active management services.@@@@1@35@@oe@2-2-2013
21600022@unknown@formal@none@1@S@(After tripling in size in the past five years, index funds now hold about 20% of the stock owned by pension funds.)@@@@1@22@@oe@2-2-2013
21600023@unknown@formal@none@1@S@A further problem is razor-thin profits.@@@@1@6@@oe@2-2-2013
21600024@unknown@formal@none@1@S@Plain-vanilla funds have become so commonplace that fees they can charge have plunged to almost nothing, and in some cases are just that.@@@@1@23@@oe@2-2-2013
21600025@unknown@formal@none@1@S@To land customers for their well-paying stock custodial business, big banks sometimes will throw in basic indexing services for free.@@@@1@20@@oe@2-2-2013
21600026@unknown@formal@none@1@S@"It's like getting a free toaster when you open an account," says Axe Core's Mr. Lynn.@@@@1@16@@oe@2-2-2013
21600027@unknown@formal@none@1@S@As a result, indexers have been looking for ways to give investors something more than the average for their money.@@@@1@20@@oe@2-2-2013
21600028@unknown@formal@none@1@S@And many have been successful, as in the case of the index fund operated by hyper-trader Westridge Capital.@@@@1@18@@oe@2-2-2013
21600029@unknown@formal@none@1@S@Westridge Capital has used enhanced indexing techniques to beat the S&P 500's returns by 2.5 to 3 percentage points over the past four years, with the same risk level as holding the S&P 500 stocks, according to James Carder, the firm's president.@@@@1@42@@oe@2-2-2013
21600030@unknown@formal@none@1@S@Strategies vary for Westridge Capital, which has $300 million under management.@@@@1@11@@oe@2-2-2013
21600031@unknown@formal@none@1@S@The firm sometimes buys S&P 500 futures when they are selling at a discount to the actual stocks, and will switch back and forth between stocks and stock-index futures to take advantages of any momentary price discrepencies.@@@@1@37@@oe@2-2-2013
21600032@unknown@formal@none@1@S@Mr. Carder also goes through periods when he buys stocks in conjunction with options to boost returns and protect against declines.@@@@1@21@@oe@2-2-2013
21600033@unknown@formal@none@1@S@And in some months, he buys stock-index futures and not stocks at all.@@@@1@13@@oe@2-2-2013
21600034@unknown@formal@none@1@S@"By their nature, our trades are very short-term and are going to create high turnover," Mr. Carder adds.@@@@1@18@@oe@2-2-2013
21600035@unknown@formal@none@1@S@"The more turnover, the better for our clients."@@@@1@8@@oe@2-2-2013
21600036@unknown@formal@none@1@S@Big indexer Bankers Trust Co. also uses futures in a strategy that on average has added one percentage point to its enhanced fund's returns.@@@@1@24@@oe@2-2-2013
21600037@unknown@formal@none@1@S@J. Thomas Allen, president of Pittsburgh-based Advanced Investment Management Inc., agrees it's a good idea to jump between the S&P 500 stocks and futures.@@@@1@24@@oe@2-2-2013
21600038@unknown@formal@none@1@S@"You're buying the S&P, and you always want to hold the cheapest form of it," he says.@@@@1@17@@oe@2-2-2013
21600039@unknown@formal@none@1@S@But some indexers make little or no use of futures, saying that these instruments present added risks for investors.@@@@1@19@@oe@2-2-2013
21600040@unknown@formal@none@1@S@"If the futures markets have a problem, then those products could have a problem," says John Zumbrunn, managing director of Prudential Insurance Co. of America's Investment Index Technologies Inc. unit.@@@@1@30@@oe@2-2-2013
21600041@unknown@formal@none@1@S@Prudential currently is seeking approval to offer a new fund offering a return equal to the S&P 500 index plus 5/100 of a percentage point.@@@@1@25@@oe@2-2-2013
21600042@unknown@formal@none@1@S@An added feature is that the slighty improved return would be guaranteed by Prudential.@@@@1@14@@oe@2-2-2013
21600043@unknown@formal@none@1@S@There are many other strategies to bolster the returns of index funds.@@@@1@12@@oe@2-2-2013
21600044@unknown@formal@none@1@S@They include:@@@@1@2@@oe@2-2-2013
21600045@unknown@formal@none@1@S@LIMITED RISK FUNDS:@@@@1@3@@oe@2-2-2013
21600046@unknown@formal@none@1@S@These guarantee protection against stock market declines while still passing along most gains.@@@@1@13@@oe@2-2-2013
21600047@unknown@formal@none@1@S@Here a fund may promise to pay back, say, $95 of every $100 invested for a year, even if the market goes much lower.@@@@1@24@@oe@2-2-2013
21600048@unknown@formal@none@1@S@The fund could invest $87 for one year in Treasury bills yielding 8% to return the guaranteed $95.@@@@1@18@@oe@2-2-2013
21600049@unknown@formal@none@1@S@That leaves $13, which could be used to buy S&P 500 options that will nearly match any gain in the S&P index.@@@@1@22@@oe@2-2-2013
21600050@unknown@formal@none@1@S@MANAGER REPLICATION FUNDS:@@@@1@3@@oe@2-2-2013
21600051@unknown@formal@none@1@S@Say a big investor is interested in growth stocks.@@@@1@9@@oe@2-2-2013
21600052@unknown@formal@none@1@S@Instead of hiring one of the many active managers specializing in growth stocks, indexers can design a portfolio around the same stocks; the portfolio will be maintained by computer, reducing both fees and, in theory, risk (because of the large number of stocks).@@@@1@43@@oe@2-2-2013
21600053@unknown@formal@none@1@S@"We see a lot of interest in those kind of things," says Frank Salerno, a vice president of Bankers Trust.@@@@1@20@@oe@2-2-2013
21600054@unknown@formal@none@1@S@"People comfortable with the passive approach are using them for other strategies."@@@@1@12@@oe@2-2-2013
21600055@unknown@formal@none@1@S@TILT FUNDS:@@@@1@2@@oe@2-2-2013
21600056@unknown@formal@none@1@S@This is an index fund with a bet.@@@@1@8@@oe@2-2-2013
21600057@unknown@formal@none@1@S@Instead of replicating the S&P 500 or some other index exactly, some stocks are overweighted or underweighted in the portfolio.@@@@1@20@@oe@2-2-2013
21600058@unknown@formal@none@1@S@One simple approach is to exclude S&P 500 companies considered bankruptcy candidates; this can avoid weak sisters, but also can hurt when a company like Chrysler Corp. rebounds.@@@@1@28@@oe@2-2-2013
21600059@unknown@formal@none@1@S@Another approach: An investor with $100 million might use $75 million to buy the S&P 500 index and spend the other $25 million on a favorite group of stocks.@@@@1@29@@oe@2-2-2013
21600060@unknown@formal@none@1@S@SPECIALIZED FUNDS:@@@@1@2@@oe@2-2-2013
21600061@unknown@formal@none@1@S@Indexes can be constructed to serve social goals, such as eliminating the stocks of companies doing business in South Africa.@@@@1@20@@oe@2-2-2013
21600062@unknown@formal@none@1@S@Other funds have been designed to concentrate on stocks in a geographic area in order to encourage local investment.@@@@1@19@@oe@2-2-2013
21600063@unknown@formal@none@1@S@Pennsylvania State Employees Retirement System, for example, has about $130 million invested in a fund of 244 companies that are either Pennsylvania-based or have 25% of their work forces in the state.@@@@1@32@@oe@2-2-2013
21601001@unknown@formal@none@1@S@Short interest on the New York Stock Exchange declined for the second consecutive month, this time 4.2%, while the American Stock Exchange reported its third consecutive record month of short interest.@@@@1@31@@oe@2-2-2013
21601002@unknown@formal@none@1@S@The Big Board reported that short interest dropped to 523,920,214 shares as of Oct. 13 from 547,347,585 shares in mid-September.@@@@1@20@@oe@2-2-2013
21601003@unknown@formal@none@1@S@Amex short interest climbed 3% to 53,496,665 shares from 51,911,566 shares.@@@@1@11@@oe@2-2-2013
21601004@unknown@formal@none@1@S@For the year-earlier month, the Big Board reported 461,539,056 shares, indicating a 13.5% year-to-year rise, while the Amex reported 36,015,194 shares, a 48% leap.@@@@1@24@@oe@2-2-2013
21601005@unknown@formal@none@1@S@Amex short interest has been heading upward since mid-December, with increases in each month since then except at mid-July.@@@@1@19@@oe@2-2-2013
21601006@unknown@formal@none@1@S@Traders who sell short borrow stock and sell it, betting that the stock's price will decline and that they can buy the shares back later at a lower price for return to the lender.@@@@1@34@@oe@2-2-2013
21601007@unknown@formal@none@1@S@Short interest is the number of shares that haven't yet been purchased for return to lenders.@@@@1@16@@oe@2-2-2013
21601008@unknown@formal@none@1@S@Although a substantial short position reflects heavy speculation that a stock's price will decline, some investors consider an increase in short interest bullish because the borrowed shares eventually must be bought back.@@@@1@32@@oe@2-2-2013
21601009@unknown@formal@none@1@S@Fluctuation in short interest of certain stocks also may be caused partly by arbitraging.@@@@1@14@@oe@2-2-2013
21601010@unknown@formal@none@1@S@The figures occasionally include incomplete transactions in restricted stock.@@@@1@9@@oe@2-2-2013
21601011@unknown@formal@none@1@S@The level of negative sentiment measured by the Big Board short interest ratio slipped to 3.36 from last month's 3.38.@@@@1@20@@oe@2-2-2013
21601012@unknown@formal@none@1@S@The ratio is the number of trading days, at the exchange's average trading volume, that would be required to convert the total short interest position.@@@@1@25@@oe@2-2-2013
21601013@unknown@formal@none@1@S@Some analysts suggest, however, that the ratio has weakened in value as an indicator because options and other products can be used to hedge short positions.@@@@1@26@@oe@2-2-2013
21601014@unknown@formal@none@1@S@Varity Corp. led the Big Board list of largest short volumes with 12,822,563 shares.@@@@1@14@@oe@2-2-2013
21601015@unknown@formal@none@1@S@Varity has proposed to acquire K-H Corp., consisting of the auto parts division and some debt of Fruehauf Corp., for $577.3 million of cash and securities.@@@@1@26@@oe@2-2-2013
21601016@unknown@formal@none@1@S@Chemical Waste Management posted the biggest increase in short volume on the New York exchange, up 3,383,477 shares to 5,267,238.@@@@1@20@@oe@2-2-2013
21601017@unknown@formal@none@1@S@Bristol-Myers Squibb Co., the entity formed from the recent acquisition of Squibb Corp. by Bristol-Myers Co., logged the largest volume decline, 7,592,988 shares, to 12,017,724.@@@@1@25@@oe@2-2-2013
21601018@unknown@formal@none@1@S@Short interest in International Business Machines Corp. plunged to 1,425,035 shares from 2,387,226 shares a month earlier.@@@@1@17@@oe@2-2-2013
21601019@unknown@formal@none@1@S@Also closely watched is Exxon Corp., where short interest slid to 4,469,167 shares from 5,088,774.@@@@1@15@@oe@2-2-2013
21601020@unknown@formal@none@1@S@On a percentage basis, Germany Fund Inc. led the gainers, leaping to 67,972 shares from three shares.@@@@1@17@@oe@2-2-2013
21601021@unknown@formal@none@1@S@TransCanada PipeLines Ltd. led the percentage decliners, dropping to 59 shares from 183,467.@@@@1@13@@oe@2-2-2013
21601022@unknown@formal@none@1@S@The Amex short interest volume leader again was Texas Air Corp., rising to 3,820,634 shares from 3,363,949.@@@@1@17@@oe@2-2-2013
21601023@unknown@formal@none@1@S@Bolar Pharmaceutical Co. posted the largest volume increase, 552,302 shares, to 2,157,656.@@@@1@12@@oe@2-2-2013
21601024@unknown@formal@none@1@S@The company is under an investigation concerning procedures to gain Food and Drug Administration approval of generic drugs.@@@@1@18@@oe@2-2-2013
21601025@unknown@formal@none@1@S@Bolar has denied any wrongdoing.@@@@1@5@@oe@2-2-2013
21601026@unknown@formal@none@1@S@The largest volume drop -- down 445,645 shares to 141,903 -- came in shares represented by B.A.T Industries PLC's American depositary receipts.@@@@1@22@@oe@2-2-2013
21601027@unknown@formal@none@1@S@The company is facing a takeover proposal from the financier Sir James Goldsmith.@@@@1@13@@oe@2-2-2013
21601028@unknown@formal@none@1@S@First Iberian Fund led the percentage increases, rising to 73,100 shares from 184.@@@@1@13@@oe@2-2-2013
21601029@unknown@formal@none@1@S@Nelson Holdings International Ltd. dropped the most on a percentage basis, to 1,000 shares from 255,923.@@@@1@16@@oe@2-2-2013
21601030@unknown@formal@none@1@S@The adjacent tables show the Big Board and Amex issues in which a short interest position of at least 100,000 shares existed as of mid-October or in which there was a short position change of at least 50,000 shares since mid-September.@@@@1@41@@oe@2-2-2013
21602001@unknown@formal@none@1@S@Your Oct. 12 editorial "Pitiful, Helpless Presidency?" correctly states that I was critical of the Bush administration's failure to have any plan in place to respond in a timely fashion to the opportunities to oust Manuel Noriega presented by the attempted military coup on Oct. 3.@@@@1@46@@oe@2-2-2013
21602002@unknown@formal@none@1@S@You are absolutely wrong, however, in opining that this position is some kind of "flip-flop," something newly arrived at as a result of reading the opinion polls.@@@@1@27@@oe@2-2-2013
21602003@unknown@formal@none@1@S@My position is one founded on both the facts and the law.@@@@1@12@@oe@2-2-2013
21602004@unknown@formal@none@1@S@Although you may have forgotten, public opinion about Gen. Noriega is where it is in large measure because of my investigation of his years of involvement in narcotics smuggling (and simultaneous work as a U.S. operative).@@@@1@36@@oe@2-2-2013
21602005@unknown@formal@none@1@S@The public made up its mind about Gen. Noriega largely as a result of the hearings I chaired in the Subcommittee on Terrorism and Narcotics of the Foreign Relations Committee on Feb. 8, 9, 10 and 11, 1988, and again on April 4, 1988.@@@@1@44@@oe@2-2-2013
21602006@unknown@formal@none@1@S@It was during those hearings that the nation first learned the breadth and depth of Gen. Noriega's criminality, and of his enduring relationships with a variety of U.S. government agencies.@@@@1@30@@oe@2-2-2013
21602007@unknown@formal@none@1@S@Those hearings also highlighted how Gen. Noriega was able to use his relationships with these agencies to delay U.S. action against him, and to exploit the administration's obsession with overthrowing the Sandinistas to protect his own drug-dealing.@@@@1@37@@oe@2-2-2013
21602008@unknown@formal@none@1@S@As former Ambassador to Costa Rica Francis J. McNeil testified before the subcommittee, the Reagan administration knew that Gen. Noriega was involved with narcotics, but made a decision in the summer of 1986 "to put Gen. Noriega on the shelf until Nicaragua was settled."@@@@1@44@@oe@2-2-2013
21602009@unknown@formal@none@1@S@As the report issued by the subcommittee concluded, "Our government did nothing regarding Gen. Noriega's drug business and substantial criminal involvement because the first priority was the Contra war.@@@@1@29@@oe@2-2-2013
21602010@unknown@formal@none@1@S@This decision resulted in at least some drugs entering the United States as a hidden cost of the war."@@@@1@19@@oe@2-2-2013
21602011@unknown@formal@none@1@S@Unfortunately, this problem continued even after Gen. Noriega's indictment.@@@@1@9@@oe@2-2-2013
21602012@unknown@formal@none@1@S@Throughout 1988 and this year, I and others in Congress have pressed the U.S. to develop a plan for pushing this "narcokleptocrat" out of Panama.@@@@1@25@@oe@2-2-2013
21602013@unknown@formal@none@1@S@Regrettably, two administrations in a row have been unwilling and unable to develop any plan, military or economic, for supporting the Panamanian people in their attempts to restore democracy.@@@@1@29@@oe@2-2-2013
21602014@unknown@formal@none@1@S@Sen. John Kerry (D., Mass.)@@@@1@5@@oe@2-2-2013
21603001@unknown@formal@none@1@S@For Vietnamese, these are tricky, often treacherous, times.@@@@1@8@@oe@2-2-2013
21603002@unknown@formal@none@1@S@After years of hesitation, economic and political reform was embraced at the end of 1986, but ringing declarations have yet to be translated into much action.@@@@1@26@@oe@2-2-2013
21603003@unknown@formal@none@1@S@Vietnam is finding that turning a stagnant socialist order into a dynamic free market doesn't come easy.@@@@1@17@@oe@2-2-2013
21603004@unknown@formal@none@1@S@Here is how three Vietnamese are coping with change:@@@@1@9@@oe@2-2-2013
21603005@unknown@formal@none@1@S@The Tire King@@@@1@3@@oe@2-2-2013
21603006@unknown@formal@none@1@S@Nguyen Van Chan is living proof that old ways die hard.@@@@1@11@@oe@2-2-2013
21603007@unknown@formal@none@1@S@Mr. Chan used to be an oddity in Hanoi: a private entrepreneur.@@@@1@12@@oe@2-2-2013
21603008@unknown@formal@none@1@S@His business success made him an official target in pre-reform days.@@@@1@11@@oe@2-2-2013
21603009@unknown@formal@none@1@S@Mr. Chan, now 64 years old, invented a fountain pen he and his family produced from plastic waste.@@@@1@18@@oe@2-2-2013
21603010@unknown@formal@none@1@S@Later, he marketed glue.@@@@1@4@@oe@2-2-2013
21603011@unknown@formal@none@1@S@Both products were immensely popular.@@@@1@5@@oe@2-2-2013
21603012@unknown@formal@none@1@S@For his troubles, Mr. Chan was jailed three times between 1960 and 1974.@@@@1@13@@oe@2-2-2013
21603013@unknown@formal@none@1@S@Though his operation was registered and used only scrap, he was accused of conducting illegal business and possessing illegal materials.@@@@1@20@@oe@2-2-2013
21603014@unknown@formal@none@1@S@Once he was held for three months without being charged.@@@@1@10@@oe@2-2-2013
21603015@unknown@formal@none@1@S@Things were supposed to change when Vietnam's economic reforms gathered pace, and for awhile they did.@@@@1@16@@oe@2-2-2013
21603016@unknown@formal@none@1@S@After years of experimenting, Mr. Chan produced a heavy-duty bicycle tire that outlasted its state-produced rival.@@@@1@16@@oe@2-2-2013
21603017@unknown@formal@none@1@S@By 1982, he was selling thousands of tires.@@@@1@8@@oe@2-2-2013
21603018@unknown@formal@none@1@S@Newspapers published articles about him, and he was hailed as "the tire king."@@@@1@13@@oe@2-2-2013
21603019@unknown@formal@none@1@S@His efforts earned a gold medal at a national exhibition -- and attracted renewed attention from local authorities.@@@@1@18@@oe@2-2-2013
21603020@unknown@formal@none@1@S@District police in 1983 descended on his suburban home, which he and his large family used as both residence and factory, and demanded proof the house and equipment were his.@@@@1@30@@oe@2-2-2013
21603021@unknown@formal@none@1@S@He produced it.@@@@1@3@@oe@2-2-2013
21603022@unknown@formal@none@1@S@"That was the first time they lost and I won," he says.@@@@1@12@@oe@2-2-2013
21603023@unknown@formal@none@1@S@He was further questioned to determine if he was "a real working man or an exploiter."@@@@1@16@@oe@2-2-2013
21603024@unknown@formal@none@1@S@Says Mr. Chan: "When I showed it was from my own brain, they lost for the second time."@@@@1@18@@oe@2-2-2013
21603025@unknown@formal@none@1@S@But a few days later the police accused him of stealing electricity, acquiring rubber without permission and buying stolen property.@@@@1@20@@oe@2-2-2013
21603026@unknown@formal@none@1@S@Warned he was to be jailed again, he fled to the countryside.@@@@1@12@@oe@2-2-2013
21603027@unknown@formal@none@1@S@His family was given three hours to leave before the house and contents were confiscated.@@@@1@15@@oe@2-2-2013
21603028@unknown@formal@none@1@S@With only the clothes they were wearing, family members moved to a home owned by one of Mr. Chan's sons.@@@@1@20@@oe@2-2-2013
21603029@unknown@formal@none@1@S@After six months on the run, Mr. Chan learned the order for his arrest had been canceled.@@@@1@17@@oe@2-2-2013
21603030@unknown@formal@none@1@S@He rejoined his family in January 1984 and began the long struggle for justice, pressing everyone from Hanoi municipal officials to National Assembly deputies for restoration of his rights.@@@@1@29@@oe@2-2-2013
21603031@unknown@formal@none@1@S@He and his family kept afloat by repairing bicycles, selling fruit and doing odd jobs.@@@@1@15@@oe@2-2-2013
21603032@unknown@formal@none@1@S@Mr. Chan achieved a breakthrough in 1987 -- and became a minor celebrity again -- when his story was published in a weekly newspaper.@@@@1@24@@oe@2-2-2013
21603033@unknown@formal@none@1@S@In 1988, 18 months after the sixth congress formally endorsed family-run private enterprise, district authorities allowed Mr. Chan to resume work.@@@@1@21@@oe@2-2-2013
21603034@unknown@formal@none@1@S@By late last year he was invited back as "the tire king" to display his products at a national exhibition.@@@@1@20@@oe@2-2-2013
21603035@unknown@formal@none@1@S@National leaders stopped by his stand to commend his achievements.@@@@1@10@@oe@2-2-2013
21603036@unknown@formal@none@1@S@Mr. Chan now produces 1,000 bicycle and motorbike tires a month and 1,000 tins of tire-patching glue in the son's small house.@@@@1@22@@oe@2-2-2013
21603037@unknown@formal@none@1@S@Eighteen people pack the house's two rooms -- the Chans, four of their 10 children with spouses, and eight of 22 grandchildren.@@@@1@22@@oe@2-2-2013
21603038@unknown@formal@none@1@S@Most sleep on the floor.@@@@1@5@@oe@2-2-2013
21603039@unknown@formal@none@1@S@Come daybreak, eight family members and two other workers unroll a sheet of raw rubber that covers the floor of the house and spills out onto the street.@@@@1@28@@oe@2-2-2013
21603040@unknown@formal@none@1@S@The primitive operations also burst out the back door into a small courtyard, where an ancient press squeezes rubber solution into a flat strip and newly made tires are cooled in a bathtub filled with water.@@@@1@36@@oe@2-2-2013
21603041@unknown@formal@none@1@S@Mr. Chan talks optimistically of expanding, maybe even moving into the import-export field.@@@@1@13@@oe@2-2-2013
21603042@unknown@formal@none@1@S@First, however, he has unfinished business.@@@@1@6@@oe@2-2-2013
21603043@unknown@formal@none@1@S@When district authorities allowed him to resume manufacturing, they released only one of his machines.@@@@1@15@@oe@2-2-2013
21603044@unknown@formal@none@1@S@They didn't return the rubber stocks that represent his capital.@@@@1@10@@oe@2-2-2013
21603045@unknown@formal@none@1@S@Nor did they return his house and contents, which he values at about $44,000.@@@@1@14@@oe@2-2-2013
21603046@unknown@formal@none@1@S@He wants to recover more than just his property, though.@@@@1@10@@oe@2-2-2013
21603047@unknown@formal@none@1@S@"I want my dignity back," he says.@@@@1@7@@oe@2-2-2013
21603048@unknown@formal@none@1@S@The Editor@@@@1@2@@oe@2-2-2013
21603049@unknown@formal@none@1@S@Nguyen Ngoc seemed an obvious choice when the Vietnamese Writers Association was looking for a new editor to reform its weekly newspaper, Van Nghe.@@@@1@24@@oe@2-2-2013
21603050@unknown@formal@none@1@S@After the sixth congress, journalists seized the opportunity provided by the liberalization to probe previously taboo subjects.@@@@1@17@@oe@2-2-2013
21603051@unknown@formal@none@1@S@Mr. Ngoc, 57 years old, had solid reformist credentials: He had lost his official position in the association in he early 1980s because he questioned the intrusion of politics into literature.@@@@1@31@@oe@2-2-2013
21603052@unknown@formal@none@1@S@Appointed editor in chief in July 1987, Mr. Ngoc rapidly turned the staid Van Nghe into Vietnam's hottest paper.@@@@1@19@@oe@2-2-2013
21603053@unknown@formal@none@1@S@Circulation soared as the weekly went way beyond standard literary themes to cover Vietnamese society and its ills.@@@@1@18@@oe@2-2-2013
21603054@unknown@formal@none@1@S@Readers were electrified by the paper's audacity and appalled by the dark side of life it uncovered.@@@@1@17@@oe@2-2-2013
21603055@unknown@formal@none@1@S@One article recounted a decade-long struggle by a wounded soldier to prove, officially, he was alive.@@@@1@16@@oe@2-2-2013
21603056@unknown@formal@none@1@S@Another described how tax-collection officials in Thanh Hoa province one night stormed through homes and confiscated rice from starving villagers.@@@@1@20@@oe@2-2-2013
21603057@unknown@formal@none@1@S@The newspaper also ran a series of controversial short stories by Nguyen Huy Thiep, a former history teacher, who stirred debate over his interpretation of Vietnamese culture and took a thinly veiled swipe at writers who had blocked his entry into their official association.@@@@1@44@@oe@2-2-2013
21603058@unknown@formal@none@1@S@Van Nghe quickly made influential enemies.@@@@1@6@@oe@2-2-2013
21603059@unknown@formal@none@1@S@"Those who manage ideology and a large number of writers reacted badly" to the restyled paper, says Lai Nguyen An, a literary critic.@@@@1@23@@oe@2-2-2013
21603060@unknown@formal@none@1@S@After months of internal rumblings, Mr. Ngoc was fired last December.@@@@1@11@@oe@2-2-2013
21603061@unknown@formal@none@1@S@His dismissal triggered a furor among intellectuals that continues today.@@@@1@10@@oe@2-2-2013
21603062@unknown@formal@none@1@S@"Under Mr. Ngoc, Van Nghe protected the people instead of the government," says Nguyen Duy, a poet who is the paper's bureau chief for southern Vietnam.@@@@1@26@@oe@2-2-2013
21603063@unknown@formal@none@1@S@"The paper reflected the truth.@@@@1@5@@oe@2-2-2013
21603064@unknown@formal@none@1@S@For the leadership, that was too painful to bear."@@@@1@9@@oe@2-2-2013
21603065@unknown@formal@none@1@S@The `Billionaire'@@@@1@2@@oe@2-2-2013
21603066@unknown@formal@none@1@S@Nguyen Thi Thi is Vietnam's entrepreneur of the 1980s.@@@@1@9@@oe@2-2-2013
21603067@unknown@formal@none@1@S@Her challenge is to keep her fledgling empire on top in the 1990s.@@@@1@13@@oe@2-2-2013
21603068@unknown@formal@none@1@S@Mrs. Thi didn't wait for the reforms to get her start.@@@@1@11@@oe@2-2-2013
21603069@unknown@formal@none@1@S@She charged ahead of the government and the law to establish Hochiminh City Food Co. as the biggest rice dealer in the country.@@@@1@23@@oe@2-2-2013
21603070@unknown@formal@none@1@S@Her success, which included alleviating an urban food shortage in the early 1980s, helped persuade Hanoi to take the reform path.@@@@1@21@@oe@2-2-2013
21603071@unknown@formal@none@1@S@Her story is becoming part of local folklore.@@@@1@8@@oe@2-2-2013
21603072@unknown@formal@none@1@S@A lifelong revolutionary with little education who fought both the French and the U.S.-backed Saigon regime, she switched effortlessly to commerce after the war.@@@@1@24@@oe@2-2-2013
21603073@unknown@formal@none@1@S@Her instincts were capitalistic, despite her background.@@@@1@7@@oe@2-2-2013
21603074@unknown@formal@none@1@S@As she rode over regulations, only her friendship with party leaders, including Nguyen Van Linh, then Ho Chi Minh City party secretary, kept her out of jail.@@@@1@27@@oe@2-2-2013
21603075@unknown@formal@none@1@S@Following Mr. Linh's appointment as secretary-general of the party at the sixth congress, Mrs. Thi has become the darling of "doi moi", the Vietnamese version of perestroika.@@@@1@27@@oe@2-2-2013
21603076@unknown@formal@none@1@S@The authorities have steered foreign reporters to her office to see an example of "the new way of thinking."@@@@1@19@@oe@2-2-2013
21603077@unknown@formal@none@1@S@Foreign publications have responded with articles declaring her Vietnam's richest woman.@@@@1@11@@oe@2-2-2013
21603078@unknown@formal@none@1@S@"Some people call me the communist billionaire," she has told visitors.@@@@1@11@@oe@2-2-2013
21603079@unknown@formal@none@1@S@Actually, 67-year-old Mrs. Thi is about as poor as almost everyone else in this impoverished land.@@@@1@16@@oe@2-2-2013
21603080@unknown@formal@none@1@S@She has indeed turned Hochiminh City Food into a budding conglomerate, but the company itself remains state-owned.@@@@1@17@@oe@2-2-2013
21603081@unknown@formal@none@1@S@She manages it with the title of general-director.@@@@1@8@@oe@2-2-2013
21603082@unknown@formal@none@1@S@The heart of the business is the purchase of rice and other commodities, such as corn and coffee, from farmers in the south, paying with fertilizer, farm tools and other items.@@@@1@31@@oe@2-2-2013
21603083@unknown@formal@none@1@S@Last year, Hochiminh City Food says it bought two million metric tons of unhusked rice, more than 10% of the country's output.@@@@1@22@@oe@2-2-2013
21603084@unknown@formal@none@1@S@The company operates a fleet of trucks and boats to transport the commodities to its warehouses.@@@@1@16@@oe@2-2-2013
21603085@unknown@formal@none@1@S@A subsidiary company processes commodities into foods such as instant noodles that are sold with the rice through a vast retail network.@@@@1@22@@oe@2-2-2013
21603086@unknown@formal@none@1@S@In recent years, Mrs. Thi has started to diversify the company, taking a 20% stake in newly established, partly private Industrial and Commercial Bank, and setting up Saigon Petro, which owns and operates Vietnam's first oil refinery.@@@@1@37@@oe@2-2-2013
21603087@unknown@formal@none@1@S@Mrs. Thi says Hochiminh City Food last year increased pretax profit 60% to the equivalent of about $2.7 million on sales of $150 million.@@@@1@24@@oe@2-2-2013
21603088@unknown@formal@none@1@S@She expects both revenue and profit to gain this year.@@@@1@10@@oe@2-2-2013
21603089@unknown@formal@none@1@S@She is almost cavalier about the possibility Vietnam's reforms will create rivals on her home turf.@@@@1@16@@oe@2-2-2013
21603090@unknown@formal@none@1@S@"I don't mind the competition inside the country," she says.@@@@1@10@@oe@2-2-2013
21603091@unknown@formal@none@1@S@"I am only afraid that with Vietnam's poor-quality products we can't compete with neighboring countries.@@@@1@15@@oe@2-2-2013
21604001@unknown@formal@none@1@S@The earthquake that hit the San Francisco Bay area isn't likely to result in wholesale downgrading of bond ratings, officials at the two major rating agencies said.@@@@1@27@@oe@2-2-2013
21604002@unknown@formal@none@1@S@Standard & Poor's Corp. is reviewing debt issued by 12 California counties, and "there are potential isolated problems," said Hyman Grossman, a managing director.@@@@1@24@@oe@2-2-2013
21604003@unknown@formal@none@1@S@The agency is preparing a report, to be issued today, on the earthquake's impact on the property- and casualty-insurance industry.@@@@1@20@@oe@2-2-2013
21604004@unknown@formal@none@1@S@The only securities so far to be singled out are those issued by Bay View Federal Savings & Loan.@@@@1@19@@oe@2-2-2013
21604005@unknown@formal@none@1@S@Moody's Investors Service Inc. said it is reviewing, with an eye toward a possible downgrade, the ratings on Bay View Federal bonds, long-term deposits and the preferred-stock rating of its parent company, Bay View Capital Corp.@@@@1@36@@oe@2-2-2013
21604006@unknown@formal@none@1@S@As for property and casualty insurers, Moody's said "preliminary estimates suggest that losses should not have a significant impact on most insurers' financial condition," but it "raises concerns about potentially substantial risks" longer-term.@@@@1@33@@oe@2-2-2013
21604007@unknown@formal@none@1@S@"Losses from the earthquake are expected to be of similar magnitude to those of Hurricane Hugo," according to Moody's.@@@@1@19@@oe@2-2-2013
21605001@unknown@formal@none@1@S@Your Oct. 5 editorial "A Democratic Tax Cut" contained an error.@@@@1@11@@oe@2-2-2013
21605002@unknown@formal@none@1@S@In the third paragraph it referred to the senators seeking loophole suggestions from lobbyists for various sectors of the economy.@@@@1@20@@oe@2-2-2013
21605003@unknown@formal@none@1@S@Among them, "banana farmers."@@@@1@4@@oe@2-2-2013
21605004@unknown@formal@none@1@S@The only significant commercial banana farmers in the U.S. are in Hawaii.@@@@1@12@@oe@2-2-2013
21605005@unknown@formal@none@1@S@The Hawaii Banana Industry Association, to which nearly all of them belong, has no lobbyist.@@@@1@15@@oe@2-2-2013
21605006@unknown@formal@none@1@S@Thomas V. Reese Sr. Maui Banana Co.@@@@1@7@@oe@2-2-2013
21606001@unknown@formal@none@1@S@Western Digital Corp. reported a net loss of $2.7 million, or nine cents a share, for its first quarter ended Sept. 30, citing factors as varied as hurricane damage, an advance in graphics technology and the strengthening dollar.@@@@1@38@@oe@2-2-2013
21606002@unknown@formal@none@1@S@In the year-ago period, the company earned $12.9 million, or 45 cents a share, on sales of $247 million.@@@@1@19@@oe@2-2-2013
21606003@unknown@formal@none@1@S@Sales for the just-ended period fell to about $225 million, the maker of computer parts said.@@@@1@16@@oe@2-2-2013
21606004@unknown@formal@none@1@S@Nonetheless, Chairman Roger W. Johnson said he expects the company to be profitable in the current quarter.@@@@1@17@@oe@2-2-2013
21606005@unknown@formal@none@1@S@"We are positioned to come through," he said, noting that the company's backlog was up from the previous quarter.@@@@1@19@@oe@2-2-2013
21606006@unknown@formal@none@1@S@In its second quarter last year, Western Digital earned $12.7 million, or 44 cents a share, on sales of $258.4 million.@@@@1@21@@oe@2-2-2013
21606007@unknown@formal@none@1@S@Mr. Johnson said Western Digital's plant in Puerto Rico was affected by Hurricane Hugo, losing three days' production because of the storm, which wrecked much of the Caribbean island's infrastructure.@@@@1@30@@oe@2-2-2013
21606008@unknown@formal@none@1@S@Although the plant itself wasn't damaged, Mr. Johnson said millions of dollars in first-quarter revenue were lost.@@@@1@17@@oe@2-2-2013
21606009@unknown@formal@none@1@S@The revenue will be regained in the current period, he added.@@@@1@11@@oe@2-2-2013
21606010@unknown@formal@none@1@S@There are no plans to initiate a common stock dividend, Mr. Johnson said, explaining that the board continues to believe shareholders are best served by reinvesting excess cash.@@@@1@28@@oe@2-2-2013
21606011@unknown@formal@none@1@S@Mr. Johnson said the first-quarter loss also heavily reflected a rapid change in graphics technology that left reseller channels with too many of the old computer graphics boards and too few new monitors compatible with the new graphics boards.@@@@1@39@@oe@2-2-2013
21606012@unknown@formal@none@1@S@Western Digital doesn't make the monitors.@@@@1@6@@oe@2-2-2013
21606013@unknown@formal@none@1@S@An accelerating move by personal computer manufacturers' to include advanced graphics capabilities as standard equipment further dampened reseller purchases of Western Digital's equipment.@@@@1@23@@oe@2-2-2013
21606014@unknown@formal@none@1@S@"The other areas of the business -- storage and microcomputers -- were very good," Mr. Johnson said.@@@@1@17@@oe@2-2-2013
21606015@unknown@formal@none@1@S@He said Western Digital has reacted swiftly to the movement to video graphics array, VGA, graphics technology from the old enhanced graphics adapter, EGA, which has a lower resolution standard, technology and now is one of the leading producers of these newer units.@@@@1@43@@oe@2-2-2013
21606016@unknown@formal@none@1@S@Other makers of video controller equipment also were caught in the EGA-VGA shift, he said, "but we were able to respond much more quickly."@@@@1@24@@oe@2-2-2013
21606017@unknown@formal@none@1@S@Still, Mr. Johnson said, "our stock is grossly undervalued."@@@@1@9@@oe@2-2-2013
21606018@unknown@formal@none@1@S@He said the company has cut operating expenses by about 10% over the last few quarters, while maintaining research and development at about 8% to 9% of sales.@@@@1@28@@oe@2-2-2013
21606019@unknown@formal@none@1@S@As part of its reorganization this week, Western Digital has divided its business into two segments -- storage products, including controllers and disk drives; and microcomputer products, which include graphics, communications and peripheral control chips.@@@@1@35@@oe@2-2-2013
21606020@unknown@formal@none@1@S@Graphics, communications and peripheral control chips were combined because, increasingly, multiple functions are being governed by a single chip.@@@@1@19@@oe@2-2-2013
21606021@unknown@formal@none@1@S@Storage, which includes computer controllers and 3.5-inch disk drives, represents nearly two-thirds of the company's business.@@@@1@16@@oe@2-2-2013
21606022@unknown@formal@none@1@S@Disk drives, which allow a computer to access its memory, generated 38% more revenue in the most recent period compared with the fiscal first quarter a year earlier.@@@@1@28@@oe@2-2-2013
21606023@unknown@formal@none@1@S@Computer parts are getting ever smaller, Mr. Johnson said, a shrinking that has propelled laptops into position as the fastest-growing segment of the computer business.@@@@1@25@@oe@2-2-2013
21606024@unknown@formal@none@1@S@As smaller and more powerful computers continue to be the focus of the industry, he said, Western Digital is strengthening development of laptop parts.@@@@1@24@@oe@2-2-2013
21606025@unknown@formal@none@1@S@Next year Western Digital plans to consolidate its operations from 11 buildings in Irvine into two buildings in the same citya new headquarters and, a block away, a modern $100 million silicon wafer fabrication plant.@@@@1@35@@oe@2-2-2013
21606026@unknown@formal@none@1@S@The plan will help the company in its existing joint manufacturing agreement with AT&T.@@@@1@14@@oe@2-2-2013
21606027@unknown@formal@none@1@S@About half of Western Digital's business is overseas, and Mr. Johnson expects that proportion to continue.@@@@1@16@@oe@2-2-2013
21606028@unknown@formal@none@1@S@Plans to dissolve many of the trade barriers within Europe in 1992 creates significant opportunities for the company, he said, particularly since Western Digital already manufactures there.@@@@1@27@@oe@2-2-2013
21606029@unknown@formal@none@1@S@Capitalizing on that presence, Western Digital is launching a major effort to develop the embryonic reseller market in Europe.@@@@1@19@@oe@2-2-2013
21607001@unknown@formal@none@1@S@Directors of state-owned Banca Nazionale del Lavoro approved a two-step capital-boosting transaction and a change in the bank's rules that will help it operate more like a private-sector institution.@@@@1@29@@oe@2-2-2013
21607002@unknown@formal@none@1@S@Until now, BNL's top managers and its directors have been appointed by a Treasury decree.@@@@1@15@@oe@2-2-2013
21607003@unknown@formal@none@1@S@But under the bank's proposed statutes, an assembly of shareholders must approve board members.@@@@1@14@@oe@2-2-2013
21607004@unknown@formal@none@1@S@The bank's chairman and director general, who also sit on the board, still would be appointed by the Treasury.@@@@1@19@@oe@2-2-2013
21607005@unknown@formal@none@1@S@BNL, which is controlled by the Italian Treasury, was rocked by the disclosure last month that its Atlanta branch extended more than $3 billion in unauthorized credits to Iraq.@@@@1@29@@oe@2-2-2013
21607006@unknown@formal@none@1@S@The ensuing scandal, in which the bank's management resigned, has helped renew calls for privatization, or at least an overhaul, of Italy's banking system, which is about 80% state-controlled.@@@@1@29@@oe@2-2-2013
21607007@unknown@formal@none@1@S@In a related move, the bank also proposed that board representation be linked more closely to the bank's new shareholding structure.@@@@1@21@@oe@2-2-2013
21607008@unknown@formal@none@1@S@BNL called a shareholders' assembly meeting in December to vote on the proposals.@@@@1@13@@oe@2-2-2013
21607009@unknown@formal@none@1@S@BNL has about 75,000 nonvoting shares that are listed on the Milan Stock Exchange.@@@@1@14@@oe@2-2-2013
21607010@unknown@formal@none@1@S@The shares were suspended from trading following disclosure of the Atlanta scandal; Consob, the stock exchange regulatory body, reportedly will decide soon whether to end the trading suspension.@@@@1@28@@oe@2-2-2013
21608001@unknown@formal@none@1@S@Switzerland's wholesale price index increased 0.3% in September from August, and was up 3.9% from a year ago, marking the first time this year that the index has fallen below 4% on a year-to-year basis, the government reported.@@@@1@38@@oe@2-2-2013
21608002@unknown@formal@none@1@S@The government attributed the 0.3% month-to-month rise in the index largely to higher energy prices.@@@@1@15@@oe@2-2-2013
21608003@unknown@formal@none@1@S@In August, the index was up 0.2% from the previous month, and was up 4.5% on a year-to-year basis.@@@@1@19@@oe@2-2-2013
21608004@unknown@formal@none@1@S@The wholesale price index, based on 1963 as 100, was 180.9 in September.@@@@1@13@@oe@2-2-2013
21609001@unknown@formal@none@1@S@American Express Co. posted a 21% increase in third quarter net income despite a sharp rise in reserves for Third World loans at its banking unit.@@@@1@26@@oe@2-2-2013
21609002@unknown@formal@none@1@S@Aided by a sharp gain in its travel business, American Express said net rose to $331.8 million, or 77 cents a share, from $273.9 million, or 64 cents a share.@@@@1@30@@oe@2-2-2013
21609003@unknown@formal@none@1@S@The year-earlier figures included $9.9 million, or three cents a share, in income from discontinued operations.@@@@1@16@@oe@2-2-2013
21609004@unknown@formal@none@1@S@Income from continuing operations was up 26%.@@@@1@7@@oe@2-2-2013
21609005@unknown@formal@none@1@S@Revenue rose 24% to $6.5 billion from $5.23 billion.@@@@1@9@@oe@2-2-2013
21609006@unknown@formal@none@1@S@The travel, investment services, insurance and banking concern added $110 million to reserves for credit losses at its American Express Bank unit, boosting the reserve to $507 million as of Sept. 30.@@@@1@32@@oe@2-2-2013
21609007@unknown@formal@none@1@S@The bank's Third World debt portfolio totals $560 million, down from $2.2 billion at the end of 1986.@@@@1@18@@oe@2-2-2013
21609008@unknown@formal@none@1@S@The bank charged off $53 million in loans during the quarter.@@@@1@11@@oe@2-2-2013
21609009@unknown@formal@none@1@S@At the American Express Travel Related Services Co. unit, net rose 17% to a record $240.8 million on a 19% revenue increase.@@@@1@22@@oe@2-2-2013
21609010@unknown@formal@none@1@S@The figures exclude businesses now organized as American Express Information Services Co.@@@@1@12@@oe@2-2-2013
21609011@unknown@formal@none@1@S@American Express card charge volume rose 12%.@@@@1@7@@oe@2-2-2013
21609012@unknown@formal@none@1@S@Travel sales rose 11%, led by gains in the U.S.@@@@1@10@@oe@2-2-2013
21609013@unknown@formal@none@1@S@At IDS Financial Services, the financial planning and mutual fund unit, net rose 19% to a record $47.6 million on a 33% revenue gain.@@@@1@24@@oe@2-2-2013
21609014@unknown@formal@none@1@S@Assets owned or managed rose 20% to $45 billion, and mutual fund sales rose 45% in the quarter to $923 million.@@@@1@21@@oe@2-2-2013
21609015@unknown@formal@none@1@S@American Express Bank earnings fell 50% to $21.3 million from $42.5 million despite a 29% revenue gain.@@@@1@17@@oe@2-2-2013
21609016@unknown@formal@none@1@S@The results include $106 million of tax benefits associated with previous years' Third World loan activity, compared with $15 million a year earlier.@@@@1@23@@oe@2-2-2013
21609017@unknown@formal@none@1@S@Profit rose 38% at American Express Information Services to $21.6 million.@@@@1@11@@oe@2-2-2013
21609018@unknown@formal@none@1@S@Shearson Lehman Hutton Holdings Inc., as previously reported, had net of $65.9 million, reversing a $3.5 million loss a year earlier; its latest results include a $37 million gain from the sale of an institutional money management business.@@@@1@38@@oe@2-2-2013
21609019@unknown@formal@none@1@S@American Express's share of Shearson's earnings was $41 million, after preferred stock dividends; it owns about 68% of Shearson's common.@@@@1@20@@oe@2-2-2013
21609020@unknown@formal@none@1@S@For the nine months, American Express said net rose 11% to $899.8 million, or $2.09 a share, from $807.5 million, or $1.89 a share.@@@@1@24@@oe@2-2-2013
21609021@unknown@formal@none@1@S@Revenue rose 24% to $18.73 billion from $15.09 billion.@@@@1@9@@oe@2-2-2013
21610001@unknown@formal@none@1@S@Textron Inc., hampered by a slowdown in its defense sales, reported an 8% decline in per-share earnings on nearly flat revenue for its third quarter.@@@@1@25@@oe@2-2-2013
21610002@unknown@formal@none@1@S@The aerospace and financial services concern said net income fell 5% to $59.5 million from $62.8 million.@@@@1@17@@oe@2-2-2013
21610003@unknown@formal@none@1@S@Revenue of $1.73 billion was almost unchanged from last year's $1.72 billion.@@@@1@12@@oe@2-2-2013
21610004@unknown@formal@none@1@S@Per-share net of 66 cents, down from 72 cents, fell by more than overall net because of more shares outstanding.@@@@1@20@@oe@2-2-2013
21610005@unknown@formal@none@1@S@The company said that improved results in its financial-services sector were negated by increased costs in its government contract business, lower operating earnings in its commercial-products sector and soft automotive markets.@@@@1@31@@oe@2-2-2013
21610006@unknown@formal@none@1@S@Net was aided by a lower income tax rate.@@@@1@9@@oe@2-2-2013
21610007@unknown@formal@none@1@S@Profit before taxes fell 17% to $84.4 million from $101.4 million.@@@@1@11@@oe@2-2-2013
21610008@unknown@formal@none@1@S@For the nine months, Textron reported net of $182.1 million, or $2.06 a share, on revenue of $5.41 billion.@@@@1@19@@oe@2-2-2013
21610009@unknown@formal@none@1@S@A year ago, net was $170.4 million, or $1.93 a share, on revenue of $5.3 billion.@@@@1@16@@oe@2-2-2013
21610010@unknown@formal@none@1@S@The nine-month results included a $9.5 million special charge in 1989 for an arbitration settlement related to past export sales, and $29.7 million in extraordinary charges in 1988 related to a former line of business and early redemption of debt.@@@@1@40@@oe@2-2-2013
21610011@unknown@formal@none@1@S@Textron said that nine-months' results don't include earnings of Avdel PLC, a British maker of industrial fasteners, but do include interest costs of $16.4 million on borrowings related to the proposed purchase of Avdel.@@@@1@34@@oe@2-2-2013
21610012@unknown@formal@none@1@S@A federal judge has issued a preliminary injunction against the purchase because of Federal Trade Commission concerns that the transaction would reduce competition in the production of two kinds of rivets.@@@@1@31@@oe@2-2-2013
21610013@unknown@formal@none@1@S@For the quarter, Textron said aerospace revenue, including Bell helicopter and jet-engine manufacture, declined 9.8% to $755.9 million from $838.3 million, an indication of slowing government defense work.@@@@1@28@@oe@2-2-2013
21611001@unknown@formal@none@1@S@As the Hunt brothers' personal bankruptcy cases sputter into their second year, Minpeco S.A. has proposed a deal to settle its huge claim against the troubled Texas oil men.@@@@1@29@@oe@2-2-2013
21611002@unknown@formal@none@1@S@But the plan only threatens to heighten the tension and confusion already surrounding the cases that were filed in September 1988.@@@@1@21@@oe@2-2-2013
21611003@unknown@formal@none@1@S@The Peruvian mineral concern's $251 million claim stems from 1988 jury award in a case stemming from the brothers' alleged attempts to corner the 1979-80 silver market.@@@@1@27@@oe@2-2-2013
21611004@unknown@formal@none@1@S@Minpeco now says it is willing to settle for up to $65.7 million from each brother, although the actual amount would probably be much less.@@@@1@25@@oe@2-2-2013
21611005@unknown@formal@none@1@S@Although the proposal must be approved by federal Judge Harold C. Abramson, W. Herbert Hunt has agreed to the Peruvian mineral concern's proposal.@@@@1@23@@oe@2-2-2013
21611006@unknown@formal@none@1@S@Nelson Bunker Hunt is considering it, although his attorney says he won't do it if the proposal jeopardizes a tentative settlement he has reached with the Internal Revenue Service, which claims the brothers owe $1 billion in back taxes and is by far the biggest creditor in both cases.@@@@1@49@@oe@2-2-2013
21611007@unknown@formal@none@1@S@The tentative agreement between the IRS and Nelson Bunker Hunt is awaiting U.S. Justice Department approval.@@@@1@16@@oe@2-2-2013
21611008@unknown@formal@none@1@S@Under it, the former billionaire's assets would be liquidated with the IRS getting 80% of the proceeds and the rest being divided among other creditors, including Minpeco and Manufacturers Hanover Trust Co., which is seeking repayment of a $36 million loan.@@@@1@41@@oe@2-2-2013
21611009@unknown@formal@none@1@S@A similiar proposal has been made in the W. Herbert Hunt case although he and the IRS are at odds over the size of the non-dischargable debt he would have to pay to the government from future earnings.@@@@1@38@@oe@2-2-2013
21611010@unknown@formal@none@1@S@In both cases, Minpeco and Manufacturers Hanover have been fighting ferociously over their shares of the pie.@@@@1@17@@oe@2-2-2013
21611011@unknown@formal@none@1@S@With support from the IRS, Manufacturers Hanover has filed suit asking Judge Abramson to subordinate Minpeco's claim to those of Manufacturer Hanover and the IRS.@@@@1@25@@oe@2-2-2013
21611012@unknown@formal@none@1@S@Minpeco has threatened a "volcano" of litigation if the Manufacturers Hanover Corp. unit attempts to force such a plan through the court.@@@@1@22@@oe@2-2-2013
21611013@unknown@formal@none@1@S@Minpeco said it wouldn't pursue such litigation if its settlement plan in the W. Herbert Hunt case is approved by Judge Abramson, who will consider the proposal at a hearing next week.@@@@1@32@@oe@2-2-2013
21611014@unknown@formal@none@1@S@Minpeco attorney Thomas Gorman decribed the plan as one step toward an overall settlement of the W. Herbert Hunt case but Hugh Ray, attorney for Manufacturers Hanover, called it "silly" and said he would fight it in court.@@@@1@38@@oe@2-2-2013
21611015@unknown@formal@none@1@S@"The thing is so fluid right now that there's really no way to say what will happen," says Justice Department attorney Grover Hartt III, who represents the IRS in the case.@@@@1@31@@oe@2-2-2013
21611016@unknown@formal@none@1@S@"Developments like this are hard to predict.@@@@1@7@@oe@2-2-2013
21612001@unknown@formal@none@1@S@Banc One Corp. said it agreed in principle to buy five branch offices from Trustcorp Inc., Toledo, Ohio, following the planned merger of Trustcorp into Society Corp., Cleveland.@@@@1@28@@oe@2-2-2013
21612002@unknown@formal@none@1@S@The five offices in Erie and Ottawa counties in northern Ohio have total assets of about $88 million, Banc One said.@@@@1@21@@oe@2-2-2013
21612003@unknown@formal@none@1@S@The purchase price will be established after Banc One has an opportunity to study the quality of the assets, Banc One said.@@@@1@22@@oe@2-2-2013
21612004@unknown@formal@none@1@S@Society Corp. already has branches in the area, and selling the Trustcorp offices could avoid a problem with regulators over excessive concentration of banking in the two counties after the merger of Trustcorp into Society, according to industry sources.@@@@1@39@@oe@2-2-2013
21612005@unknown@formal@none@1@S@The merger is scheduled to take place in the 1990 first quarter.@@@@1@12@@oe@2-2-2013
21613001@unknown@formal@none@1@S@Stock-market fears and relatively more attractive interest rates pushed money-market mutual fund assets up $6.07 billion in the latest week, the sharpest increase in almost two years.@@@@1@27@@oe@2-2-2013
21613002@unknown@formal@none@1@S@The 473 funds tracked by the Investment Company Institute, a Washington-based trade group, rose to $356.1 billion, a record.@@@@1@19@@oe@2-2-2013
21613003@unknown@formal@none@1@S@The $6.07 billion increase was the strongest weekly inflow since January 1988.@@@@1@12@@oe@2-2-2013
21613004@unknown@formal@none@1@S@The increase was spread fairly evenly among all three types of funds.@@@@1@12@@oe@2-2-2013
21613005@unknown@formal@none@1@S@Individual investors, represented in the general-purpose and broker-dealer fund categories, pulled money from the stock market after its big drop last Friday and put the money into funds, said Jacob Dreyer, vice president and chief economist of the Institute.@@@@1@39@@oe@2-2-2013
21613006@unknown@formal@none@1@S@"Insitutional investors, on the other hand, reacted to the steep decline in yields on direct money-market instruments following the stock-market decline last Friday," Mr. Dreyer said.@@@@1@26@@oe@2-2-2013
21613007@unknown@formal@none@1@S@Yields on money funds dropped in the week ended Tuesday, according to Donoghue's Money Fund Report, a Holliston, Mass., newsletter.@@@@1@20@@oe@2-2-2013
21613008@unknown@formal@none@1@S@The average seven-day compounded yield fell to 8.55% from 8.60% the week earlier, Donoghue's said.@@@@1@15@@oe@2-2-2013
21613009@unknown@formal@none@1@S@At the auction of six-month U.S. Treasury bills on Monday, the average yield fell to 7.61% from 7.82%.@@@@1@18@@oe@2-2-2013
21613010@unknown@formal@none@1@S@Likewise, certificates of deposit on average posted lower yields in the week ended Tuesday.@@@@1@14@@oe@2-2-2013
21613011@unknown@formal@none@1@S@The 142 institutional-type money funds rose $2.23 billion to $85.49 billion.@@@@1@11@@oe@2-2-2013
21613012@unknown@formal@none@1@S@The 235 general-purpose funds increased $2.53 billion to $116.56 billion, while 96 broker-dealer funds increased $1.3 billion to $154.05 billion.@@@@1@20@@oe@2-2-2013
21614001@unknown@formal@none@1@S@Domestic lending for real estate and property development was the source of Bank Bumiputra Malaysia Bhd.'s most recent spate of financial troubles, the institution's executive chairman, Mohamed Basir Ismail, said.@@@@1@30@@oe@2-2-2013
21614002@unknown@formal@none@1@S@Speaking to reporters this week after Bank Bumiputra's shareholders approved a rescue plan, Tan Sri Basir said heavy lending to the property sector rocked the bank when property prices in Malaysia plummeted in 1984-85.@@@@1@34@@oe@2-2-2013
21614003@unknown@formal@none@1@S@He said the bank couldn't wait any longer for prices to recover and for borrowers to service their loans.@@@@1@19@@oe@2-2-2013
21614004@unknown@formal@none@1@S@So the bank's board decided to make 1.23 billion Malaysian dollars (US$457 million) in provisions for interest payments from loans previously recorded as revenue but never actually received by the bank, and to submit a bailout package to replenish the bank's paid-up capital.@@@@1@43@@oe@2-2-2013
21614005@unknown@formal@none@1@S@The predicament, he added, was similar to the Hong Kong 1982-83 property-price collapse, which exposed the involvement of Bank Bumiputra's former subsidiary in the colony in the largest banking scandal in Malaysia's history.@@@@1@33@@oe@2-2-2013
21614006@unknown@formal@none@1@S@The subsidiary, Bumiputra Malaysia Finance Ltd., was left with M$2.26 billion in bad loans made to Hong Kong property speculators.@@@@1@20@@oe@2-2-2013
21614007@unknown@formal@none@1@S@Both episodes wiped out Bank Bumiputra's shareholders' funds.@@@@1@8@@oe@2-2-2013
21614008@unknown@formal@none@1@S@Each time, the bank's 90% shareholder -- Petroliam Nasional Bhd., or Petronas, the national oil company -- has been called upon to rescue the institution.@@@@1@25@@oe@2-2-2013
21614009@unknown@formal@none@1@S@In five years, Petronas, which became the dominant shareholder in a 1984 rescue exercise, has spent about M$3.5 billion to prop up the troubled bank.@@@@1@25@@oe@2-2-2013
21614010@unknown@formal@none@1@S@Tan Sri Basir said the capital restructuring plan has been approved by Malaysia's Capital Issues Committee and central bank.@@@@1@19@@oe@2-2-2013
21614011@unknown@formal@none@1@S@Malaysia's High Court is expected to approve the plan.@@@@1@9@@oe@2-2-2013
21614012@unknown@formal@none@1@S@Once the plan is approved, Tan Sri Basir said, most of Bank Bumiputra's nonperforming loans will have been fully provided for and the bank will be on track to report a pretax profit of between M$160 million and M$170 million for the fiscal year ending March 31.@@@@1@47@@oe@2-2-2013
21614013@unknown@formal@none@1@S@For the previous financial year, the bank would have reported a pretax profit of M$168 million if it hadn't made provisions for the nonperforming loans, he said.@@@@1@27@@oe@2-2-2013
21614014@unknown@formal@none@1@S@Malaysia's Banking Secrecy Act prohibited the bank from identifying delinquent borrowers, said Tan Sri Basir.@@@@1@15@@oe@2-2-2013
21614015@unknown@formal@none@1@S@But public documents indicate 10% or more of the bank's provisions were made for foregone interest on a M$200 million loan to Malaysia's dominant political party, the United Malays National Organization, to build its convention and headquarters complex in Kuala Lumpur.@@@@1@41@@oe@2-2-2013
21614016@unknown@formal@none@1@S@The loan to UMNO was made in September 1983.@@@@1@9@@oe@2-2-2013
21614017@unknown@formal@none@1@S@"We lent a lot of money all over the place," said Tan Sri Basir, who refused to discuss the bank's outstanding loans to@@@@1@23@@oe@2-2-2013
21614018@unknown@formal@none@1@S@As well as the M$1.23 billion in provisions announced on Oct. 6, the restructuring package covers an additional M$450 million in provisions made in earlier years but never reflected in a reduction of the bank's paid-up capital.@@@@1@37@@oe@2-2-2013
21614019@unknown@formal@none@1@S@At the end of the exercise, the cash injection from Petronas will increase the bank's paid-up capital to M$1.15 billion after virtually being wiped out by the new provisions.@@@@1@29@@oe@2-2-2013
21615001@unknown@formal@none@1@S@Heidi Ehman might have stepped from a recruiting poster for young Republicans.@@@@1@12@@oe@2-2-2013
21615002@unknown@formal@none@1@S@White, 24 years old, a singer in her church choir, she symbolizes a generation that gave its heart and its vote to Ronald Reagan.@@@@1@24@@oe@2-2-2013
21615003@unknown@formal@none@1@S@"I felt kind of safe," she says.@@@@1@7@@oe@2-2-2013
21615004@unknown@formal@none@1@S@No longer.@@@@1@2@@oe@2-2-2013
21615005@unknown@formal@none@1@S@When the Supreme Court opened the door this year to new restrictions on abortion, Ms. Ehman opened her mind to Democratic politics.@@@@1@22@@oe@2-2-2013
21615006@unknown@formal@none@1@S@Then a political novice, she stepped into a whirl of "pro-choice" marches, house parties and fund-raisers.@@@@1@16@@oe@2-2-2013
21615007@unknown@formal@none@1@S@Now she leads a grassroots abortion-rights campaign in Passaic County for pro-choice Democratic gubernatorial candidate James Florio.@@@@1@17@@oe@2-2-2013
21615008@unknown@formal@none@1@S@"This is one where I cross party lines," she says, rejecting the anti-abortion stance of Rep. Florio's opponent, Reagan-Republican Rep. James Courter.@@@@1@22@@oe@2-2-2013
21615009@unknown@formal@none@1@S@"People my age thought it wasn't going to be an issue.@@@@1@11@@oe@2-2-2013
21615010@unknown@formal@none@1@S@Now it has -- especially for people my age."@@@@1@9@@oe@2-2-2013
21615011@unknown@formal@none@1@S@Polls bear out this warning, but after a decade of increased Republican influence here, the new politics of abortion have contributed to a world turned upside down for Mr. Courter.@@@@1@30@@oe@2-2-2013
21615012@unknown@formal@none@1@S@Unless he closes the gap, Republicans risk losing not only the governorship but also the assembly next month.@@@@1@18@@oe@2-2-2013
21615013@unknown@formal@none@1@S@Going into the 1990s, the GOP is paying a price for the same conservative social agenda that it used to torment Democrats in the past.@@@@1@25@@oe@2-2-2013
21615014@unknown@formal@none@1@S@This change comes less from a shift in public opinion, which hasn't changed much on abortion over the past decade, than in the boundaries of the debate.@@@@1@27@@oe@2-2-2013
21615015@unknown@formal@none@1@S@New Jersey's own highest court remains a liberal bulwark against major restrictions on abortion, but the U.S. Supreme Court ruling, Webster vs. Missouri, has engaged voters across the nation who had been insulated from the issue.@@@@1@36@@oe@2-2-2013
21615016@unknown@formal@none@1@S@Before July, pro-choice voters could safely make political decisions without focusing narrowly on abortion.@@@@1@14@@oe@2-2-2013
21615017@unknown@formal@none@1@S@Now, the threat of further restrictions adds a new dimension, bringing an upsurge in political activity by abortion-rights forces.@@@@1@19@@oe@2-2-2013
21615018@unknown@formal@none@1@S@A recent pro-choice rally in Trenton drew thousands, and in a major reversal, Congress is defying a presidential veto and demanding that Medicaid abortions be permitted in cases of rape and incest.@@@@1@32@@oe@2-2-2013
21615019@unknown@formal@none@1@S@"If Webster hadn't happened, you wouldn't be here," Linda Bowker tells a reporter in the Trenton office of the National Organization for Women.@@@@1@23@@oe@2-2-2013
21615020@unknown@formal@none@1@S@"We could have shouted from the rooftops about Courter . . . and no one would have heard us."@@@@1@19@@oe@2-2-2013
21615021@unknown@formal@none@1@S@New Jersey is a proving ground for this aggressive women's-rights movement this year.@@@@1@13@@oe@2-2-2013
21615022@unknown@formal@none@1@S@The infusion of activists can bring a clash of cultures.@@@@1@10@@oe@2-2-2013
21615023@unknown@formal@none@1@S@In Cherry Hill, the National Abortion Rights Action League, whose goal is to sign up 50,000 pro-choice voters, targets a union breakfast to build labor support for its cause.@@@@1@29@@oe@2-2-2013
21615024@unknown@formal@none@1@S@The league organizers seem more a fit with a convention next door of young aerobics instructors in leotards than the beefy union leaders; "I wish I could go work out," says a slim activist.@@@@1@34@@oe@2-2-2013
21615025@unknown@formal@none@1@S@A labor chief speaks sardonically of having to "man and woman" Election Day phones.@@@@1@14@@oe@2-2-2013
21615026@unknown@formal@none@1@S@No age group is more sensitive than younger voters, like Ms. Ehman.@@@@1@12@@oe@2-2-2013
21615027@unknown@formal@none@1@S@A year ago this fall, New Jersey voters under 30 favored George Bush by 56% to 39% over Michael Dukakis, according to a survey then by Rutgers University's Eagleton Institute.@@@@1@30@@oe@2-2-2013
21615028@unknown@formal@none@1@S@A matching Eagleton-Newark Star Ledger poll last month showed a complete reversal.@@@@1@12@@oe@2-2-2013
21615029@unknown@formal@none@1@S@Voters in the same age group backed Democrat Florio 55% to 29% over Republican Courter.@@@@1@15@@oe@2-2-2013
21615030@unknown@formal@none@1@S@Abortion alone can't explain this shift, but New Jersey is a model of how so personal an issue can become a baseline of sorts in judging a candidate.@@@@1@28@@oe@2-2-2013
21615031@unknown@formal@none@1@S@By a 2-to-1 ratio, voters appear more at ease with Mr. Florio's stance on abortion, and polls indicate his lead widens when the candidates are specifically linked to the issue.@@@@1@30@@oe@2-2-2013
21615032@unknown@formal@none@1@S@"The times are my times," says Mr. Florio.@@@@1@8@@oe@2-2-2013
21615033@unknown@formal@none@1@S@The Camden County congressman still carries himself with a trademark "I'm-coming-down-your-throat" intensity, but at a pause in Newark's Columbus Day parade recently, he was dancing with his wife in the middle of the avenue in the city's old Italian-American ward.@@@@1@40@@oe@2-2-2013
21615034@unknown@formal@none@1@S@After losing by fewer than 1,800 votes in the 1981 governor's race, he has prepared himself methodically for this moment, including deciding in recent years he could no longer support curbs on federal funding for Medicaid abortions.@@@@1@37@@oe@2-2-2013
21615035@unknown@formal@none@1@S@"If you're going to be consistent and say it is a constitutionally protected right," he asks, "how are you going to say an upscale woman who can drive to the hospital or clinic in a nice car has a constitutional right and someone who is not in great shape financially does not?"@@@@1@52@@oe@2-2-2013
21615036@unknown@formal@none@1@S@Mr. Courter, by comparison, seems a shadow of the confident hawk who defended Oliver North before national cameras at Iran-Contra hearings two years ago.@@@@1@24@@oe@2-2-2013
21615037@unknown@formal@none@1@S@Looking back, he says he erred by stating his "personal" opposition to abortion instead of assuring voters that he wouldn't impose his views on "policy" as governor.@@@@1@27@@oe@2-2-2013
21615038@unknown@formal@none@1@S@It is a distinction that satisfies neither side in the debate.@@@@1@11@@oe@2-2-2013
21615039@unknown@formal@none@1@S@"He doesn't know himself," Kathy Stanwick of the Abortion Rights League says of Mr. Courter's position.@@@@1@16@@oe@2-2-2013
21615040@unknown@formal@none@1@S@Even abortion opponents, however angry with Mr. Florio, can't hide their frustration with the Republican's ambivalence.@@@@1@16@@oe@2-2-2013
21615041@unknown@formal@none@1@S@"He doesn't want to lead the people," says Richard Traynor, president of New Jersey Right to Life.@@@@1@17@@oe@2-2-2013
21615042@unknown@formal@none@1@S@Moreover, by stepping outside the state's pro-choice tradition, Mr. Courter aggravates fears that he is too conservative as well on more pressing concerns such as auto insurance rates and the environment.@@@@1@31@@oe@2-2-2013
21615043@unknown@formal@none@1@S@He hurt himself further this summer by bringing homosexual issues into the debate; and by wavering on this issue and abortion, he has weakened his credibility in what is already a mean-spirited campaign on both sides.@@@@1@36@@oe@2-2-2013
21615044@unknown@formal@none@1@S@Elected to Congress in 1978, the 48-year-old Mr. Courter is part of a generation of young conservatives who were once very much in the lead of the rightward shift under Mr. Reagan.@@@@1@32@@oe@2-2-2013
21615045@unknown@formal@none@1@S@Like many of his colleagues, he didn't serve in Vietnam in the 1960s yet embraced a hawkish defense and foreign policy -- even voting against a 1984 resolution critical of the U.S. mining of Nicaraguan harbors.@@@@1@36@@oe@2-2-2013
21615046@unknown@formal@none@1@S@Jack Kemp and the writers Irving Kristol and George Gilder were influences, and Mr. Courter's own conservative credentials proved useful to the current New Jersey GOP governor, Thomas Kean, in the 1981 Republican primary here.@@@@1@35@@oe@2-2-2013
21615047@unknown@formal@none@1@S@The same partnership is now crucial to Mr. Courter's fortunes, but the abortion issue is only a reminder of the gap between his record and that of the more moderate, pro-choice Gov. Kean.@@@@1@33@@oe@2-2-2013
21615048@unknown@formal@none@1@S@While the Warren County congressman pursued an anti-government, anti-tax agenda in Washington, Gov. Kean was approving increased income and sales taxes at home and overseeing a near doubling in the size of New Jersey's budget in his eight years in office.@@@@1@41@@oe@2-2-2013
21615049@unknown@formal@none@1@S@Kean forces play down any differences with Mr. Courter, but this history makes it harder for the conservative to run against government.@@@@1@22@@oe@2-2-2013
21615050@unknown@formal@none@1@S@Mr. Courter's free-market plan to bring down auto insurance rates met criticism from Gov. Kean's own insurance commissioner.@@@@1@18@@oe@2-2-2013
21615051@unknown@formal@none@1@S@Mr. Courter is further hobbled by a record of votes opposed to government regulation on behalf of consumers.@@@@1@18@@oe@2-2-2013
21615052@unknown@formal@none@1@S@Fluent in Spanish from his days in the Peace Corps, Mr. Courter actively courts minority voters but seems oddly over his head.@@@@1@22@@oe@2-2-2013
21615053@unknown@formal@none@1@S@He is warm and polished before a Puerto Rican Congress in Asbury Park.@@@@1@13@@oe@2-2-2013
21615054@unknown@formal@none@1@S@Yet minutes after promising to appoint Hispanics to high posts in state government, he is unable to say whether he has ever employed any in his congressional office.@@@@1@28@@oe@2-2-2013
21615055@unknown@formal@none@1@S@"I don't think we do now," he says.@@@@1@8@@oe@2-2-2013
21615056@unknown@formal@none@1@S@"I think we did."@@@@1@4@@oe@2-2-2013
21615057@unknown@formal@none@1@S@Asked the same question after his appearance, Democrat Florio identifies a staff member by name and explains her whereabouts today.@@@@1@20@@oe@2-2-2013
21615058@unknown@formal@none@1@S@When he is presented with a poster celebrating the organization's 20th anniversary, he recognizes a photograph of one of the founders and recalls time spent together in Camden.@@@@1@28@@oe@2-2-2013
21615059@unknown@formal@none@1@S@Details and Camden are essential Florio.@@@@1@6@@oe@2-2-2013
21615060@unknown@formal@none@1@S@Elected to Congress as a "Watergate baby" in 1974, he ran for governor three years later.@@@@1@16@@oe@2-2-2013
21615061@unknown@formal@none@1@S@In the opinion of many, he hasn't stopped running since, even though he declined a rematch with Gov. Kean in 1985.@@@@1@21@@oe@2-2-2013
21615062@unknown@formal@none@1@S@His base in South Jersey and on the House Energy and Commerce Committee helped him sustain a network of political-action committees to preserve his edge.@@@@1@25@@oe@2-2-2013
21615063@unknown@formal@none@1@S@With limited budgets for television in a high-priced market, Mr. Florio's higher recognition than his rival is a major advantage.@@@@1@20@@oe@2-2-2013
21615064@unknown@formal@none@1@S@More than ever, his pro-consumer and pro-environment record is in sync with the state.@@@@1@14@@oe@2-2-2013
21615065@unknown@formal@none@1@S@Auto insurance rates are soaring.@@@@1@5@@oe@2-2-2013
21615066@unknown@formal@none@1@S@A toxic-waste-dump fire destroyed part of an interstate highway this summer.@@@@1@11@@oe@2-2-2013
21615067@unknown@formal@none@1@S@In Monmouth, an important swing area, Republican freeholders now run on a slogan promising to keep the county "clean and green."@@@@1@21@@oe@2-2-2013
21615068@unknown@formal@none@1@S@Mr. Florio savors this vindication, but at age 52, the congressman is also a product of his times and losses.@@@@1@20@@oe@2-2-2013
21615069@unknown@formal@none@1@S@He speaks for the death penalty as if reading from Exodus 21; to increase state revenue he focuses not on "taxes" but on "audits" to cut waste.@@@@1@27@@oe@2-2-2013
21615070@unknown@formal@none@1@S@Hard-hitting consultants match ads with Mr. Courter's team, and Mr. Florio retools himself as the lean, mean Democratic fighting machine of the 1990s.@@@@1@23@@oe@2-2-2013
21615071@unknown@formal@none@1@S@Appealing to a young audience, he scraps an old reference to Ozzie and Harriet and instead quotes the Grateful Dead.@@@@1@20@@oe@2-2-2013
21615072@unknown@formal@none@1@S@The lyric chosen -- "long strange night" -- may be an apt footnote to television spots by both candidates intended to portray each other as a liar.@@@@1@27@@oe@2-2-2013
21615073@unknown@formal@none@1@S@The Democratic lawmaker fits a pattern of younger reformers arising out of old machines, but his ties to Camden remain a sore point because of the county's past corruption.@@@@1@29@@oe@2-2-2013
21615074@unknown@formal@none@1@S@His campaign hierarchy is chosen from elsewhere in the state, and faced with criticism of a sweetheart bank investment, he has so far blunted the issue by donating the bulk of his profits to his alma mater, Trenton State College.@@@@1@40@@oe@2-2-2013
21615075@unknown@formal@none@1@S@Mr. Florio's forcefulness on the abortion issue after the Webster ruling divides some of his old constituency.@@@@1@17@@oe@2-2-2013
21615076@unknown@formal@none@1@S@Pasquale Pignatelli, an unlikely but enthusiastic pipe major in an Essex County Irish bagpipe band, speaks sadly of Mr. Florio.@@@@1@20@@oe@2-2-2013
21615077@unknown@formal@none@1@S@"I am a devout Catholic," says Mr. Pignatelli, a 40-year-old health officer.@@@@1@12@@oe@2-2-2013
21615078@unknown@formal@none@1@S@"I can't support him because of abortion."@@@@1@7@@oe@2-2-2013
21615079@unknown@formal@none@1@S@Bill Wames Sr., 72, is Catholic too, but unfazed by Mr. Florio's stand on abortion.@@@@1@15@@oe@2-2-2013
21615080@unknown@formal@none@1@S@A security guard at a cargo terminal, he wears a Sons of Italy jacket and cap celebrating "The US 1 Band."@@@@1@21@@oe@2-2-2013
21615081@unknown@formal@none@1@S@"I still think the woman has the right to do with her body as she pleases," he says.@@@@1@18@@oe@2-2-2013
21615082@unknown@formal@none@1@S@"If you want more opinions ask my wife.@@@@1@8@@oe@2-2-2013
21615083@unknown@formal@none@1@S@She has lots of opinions.@@@@1@5@@oe@2-2-2013
21616001@unknown@formal@none@1@S@Consumer prices rose a surprisingly moderate 0.2% in September, pushed up mostly by a jump in clothing costs, the Labor Department reported.@@@@1@22@@oe@2-2-2013
21616002@unknown@formal@none@1@S@Energy costs, which drove wholesale prices up sharply during the month, continued to decline at the retail level, pulling down transportation and helping to ease housing costs.@@@@1@27@@oe@2-2-2013
21616003@unknown@formal@none@1@S@The report was the brightest news the financial markets had seen since before the stock market plunged more than 190 points last Friday.@@@@1@23@@oe@2-2-2013
21616004@unknown@formal@none@1@S@The Dow Jones Industrial Average rallied on the news, closing 39.55 points higher at 2683.20.@@@@1@15@@oe@2-2-2013
21616005@unknown@formal@none@1@S@Bond prices also jumped as traders appeared to read the data as a sign that interest rates may fall.@@@@1@19@@oe@2-2-2013
21616006@unknown@formal@none@1@S@But many economists were not nearly as jubilant.@@@@1@8@@oe@2-2-2013
21616007@unknown@formal@none@1@S@The climb in wholesale energy prices is certain to push up retail energy prices in the next few months, they warned.@@@@1@21@@oe@2-2-2013
21616008@unknown@formal@none@1@S@They also said the dollar is leveling off after a rise this summer that helped to reduce the prices of imported goods.@@@@1@22@@oe@2-2-2013
21616009@unknown@formal@none@1@S@"I think inflation is going to pick up through the fall," said Joel Popkin, a specialist on inflation who runs an economic consulting firm here.@@@@1@25@@oe@2-2-2013
21616010@unknown@formal@none@1@S@"It has been in what I would describe as a lull for the past several months."@@@@1@16@@oe@2-2-2013
21616011@unknown@formal@none@1@S@"We've had whopping declines in consumer energy prices in each of the past three months, and at the wholesale level those are fully behind us now," said Jay Woodworth, chief domestic economist at Bankers Trust Co. in New York.@@@@1@39@@oe@2-2-2013
21616012@unknown@formal@none@1@S@Because wholesale energy prices shot up by a steep 6.5% last month, many analysts expected energy prices to rise at the consumer level too.@@@@1@24@@oe@2-2-2013
21616013@unknown@formal@none@1@S@As a result, many economists were expecting the consumer price index to increase significantly more than it did.@@@@1@18@@oe@2-2-2013
21616014@unknown@formal@none@1@S@But retail energy prices declined 0.9% in September.@@@@1@8@@oe@2-2-2013
21616015@unknown@formal@none@1@S@Though analysts say competition will probably hold down increases in retail energy prices, many expect some of the wholesale rise to be passed along to the consumer before the end of the year.@@@@1@33@@oe@2-2-2013
21616016@unknown@formal@none@1@S@Still, some analysts insisted that the worst of the inflation is behind.@@@@1@12@@oe@2-2-2013
21616017@unknown@formal@none@1@S@"It increasingly appears that 1987-88 was a temporary inflation blip and not the beginning of a cyclical inflation problem," argued Edward Yardeni, chief economist at Prudential-Bache Securities Inc. in New York.@@@@1@31@@oe@2-2-2013
21616018@unknown@formal@none@1@S@In both 1987 and 1988, consumer prices rose 4.4%.@@@@1@9@@oe@2-2-2013
21616019@unknown@formal@none@1@S@A run-up in world oil prices last winter sent consumer prices soaring at a 6.7% annual rate in the first five months of this year, but the subsequent decline in energy prices has pulled the annual rate back down to 4.4%.@@@@1@41@@oe@2-2-2013
21616020@unknown@formal@none@1@S@Mr. Yardeni predicted that world business competition will continue to restrain prices.@@@@1@12@@oe@2-2-2013
21616021@unknown@formal@none@1@S@"The bottom line is, it seems to me that the economic environment has become very, very competitve for a lot of businesses," he said.@@@@1@24@@oe@2-2-2013
21616022@unknown@formal@none@1@S@"Back in 1987-88, business was operating at fairly tight capacity, so businesses felt they could raise prices."@@@@1@17@@oe@2-2-2013
21616023@unknown@formal@none@1@S@Now, he said, a slowdown in economic activity has slackened demand.@@@@1@11@@oe@2-2-2013
21616024@unknown@formal@none@1@S@The mild inflation figures renewed investors' hopes that the Federal Reserve will ease its interest-rate stance.@@@@1@16@@oe@2-2-2013
21616025@unknown@formal@none@1@S@The steep climb in producer prices reported last Friday fostered pessimism about lower interest rates and contributed to the stock market's 6.9% plunge that day.@@@@1@25@@oe@2-2-2013
21616026@unknown@formal@none@1@S@In the past several days, however, the U.S.'s central bank has allowed a key interest rate to fall slightly to try to stabilize the markets.@@@@1@25@@oe@2-2-2013
21616027@unknown@formal@none@1@S@Analysts say Fed policy makers have been wary of relaxing credit too much because they were still uncertain about the level of inflation in the economy.@@@@1@26@@oe@2-2-2013
21616028@unknown@formal@none@1@S@Excluding the volatile categories of energy and food -- leaving what some economists call the core inflation rate -- consumer prices still rose only 0.2% in September.@@@@1@27@@oe@2-2-2013
21616029@unknown@formal@none@1@S@Transportation costs actually fell 0.5%, and housing costs gained only 0.1%.@@@@1@11@@oe@2-2-2013
21616030@unknown@formal@none@1@S@Apparel prices rocketed up 1.7%, but that was after three months of declines.@@@@1@13@@oe@2-2-2013
21616031@unknown@formal@none@1@S@Medical costs continued their steep ascent, rising 0.8% after four consecutive months of 0.7% increases.@@@@1@15@@oe@2-2-2013
21616032@unknown@formal@none@1@S@Car prices, another area that contributed to the steep rise in the wholesale index last month, still showed declines at the consumer level.@@@@1@23@@oe@2-2-2013
21616033@unknown@formal@none@1@S@They dropped 0.4% as dealers continued to offer rebates to attract customers.@@@@1@12@@oe@2-2-2013
21616034@unknown@formal@none@1@S@Food prices rose 0.2% for the second month in a row, far slower than the monthly rises earlier in the year.@@@@1@21@@oe@2-2-2013
21616035@unknown@formal@none@1@S@Separately, the Labor Department reported that average weekly earnings rose 0.3% in September, after adjusting for inflation, following a 0.7% decline in August.@@@@1@23@@oe@2-2-2013
21616036@unknown@formal@none@1@S@All the numbers are adjusted for seasonal fluctuations.@@@@1@8@@oe@2-2-2013
21616037@unknown@formal@none@1@S@Here are the seasonally adjusted changes in the components of the Labor Department's consumer price index for September.@@@@1@18@@oe@2-2-2013
21617001@unknown@formal@none@1@S@After watching interest in the sport plummet for years, the ski industry is trying to give itself a lift.@@@@1@19@@oe@2-2-2013
21617002@unknown@formal@none@1@S@Across the country, resorts are using everything from fireworks to classical-music concerts to attract new customers.@@@@1@16@@oe@2-2-2013
21617003@unknown@formal@none@1@S@Some have built health spas, business centers and shopping villages so visitors have more to do than ski.@@@@1@18@@oe@2-2-2013
21617004@unknown@formal@none@1@S@And this week, the industry's efforts will go national for the first time when it unveils a $7 million advertising campaign.@@@@1@21@@oe@2-2-2013
21617005@unknown@formal@none@1@S@Such efforts -- unheard of only a few years ago -- are the latest attempts to revive the sagging $1.76 billion U.S. ski industry.@@@@1@24@@oe@2-2-2013
21617006@unknown@formal@none@1@S@Since the start of the decade, lift-ticket sales have grown only 3% a year on average, compared with 16% annual growth rates in the '60s and '70s.@@@@1@27@@oe@2-2-2013
21617007@unknown@formal@none@1@S@Last season, lift-ticket sales fell for the first time in seven years.@@@@1@12@@oe@2-2-2013
21617008@unknown@formal@none@1@S@By some estimates, nearly a fourth of all U.S. ski areas have been forced to shut down since the early '80s.@@@@1@21@@oe@2-2-2013
21617009@unknown@formal@none@1@S@Competition and mounting insurance and equipment costs have been the undoing of many resorts.@@@@1@14@@oe@2-2-2013
21617010@unknown@formal@none@1@S@But another big problem has been the aging of baby boomers.@@@@1@11@@oe@2-2-2013
21617011@unknown@formal@none@1@S@Skiing, after all, has mainly been for the young and daring and many baby boomers have outgrown skiing or have too many family responsibilities to stick with the sport.@@@@1@29@@oe@2-2-2013
21617012@unknown@formal@none@1@S@In its new ad campaign, created by D'Arcy Masius Benton & Bowles Inc., Chicago, the ski industry is trying to change its image as a sport primarily for young white people.@@@@1@31@@oe@2-2-2013
21617013@unknown@formal@none@1@S@One 60-second TV spot features a diverse group of skiers gracefully gliding down sun-drenched slopes: senior citizens, minorities, families with children -- even a blind skier.@@@@1@26@@oe@2-2-2013
21617014@unknown@formal@none@1@S@"Ski school is great," cries out a tot, bundled in a snowsuit as he plows down a bunny slope.@@@@1@19@@oe@2-2-2013
21617015@unknown@formal@none@1@S@"You'll never know 'til you try," says a black skier.@@@@1@10@@oe@2-2-2013
21617016@unknown@formal@none@1@S@"We used to show some hot-dog skier in his twenties or thirties going over the edge of a cliff," says Kathe Dillmann, a spokeswoman for the United Ski Industries Association, the trade group sponsoring the campaign.@@@@1@36@@oe@2-2-2013
21617017@unknown@formal@none@1@S@Ski promotions have traditionally avoided the touchy issue of safety.@@@@1@10@@oe@2-2-2013
21617018@unknown@formal@none@1@S@But the new commercials deal with it indirectly by showing a woman smiling as she tries to get up from a fall.@@@@1@22@@oe@2-2-2013
21617019@unknown@formal@none@1@S@"We wanted to show it's okay if you fall," says Ms. Dillmann.@@@@1@12@@oe@2-2-2013
21617020@unknown@formal@none@1@S@"Most people think if you slip, you'll wind up in a body cast."@@@@1@13@@oe@2-2-2013
21617021@unknown@formal@none@1@S@The ad campaign represents an unusual spirit of cooperation among resorts and ski equipment makers; normally, they only run ads hyping their own products and facilities.@@@@1@26@@oe@2-2-2013
21617022@unknown@formal@none@1@S@But in these crunch times for the ski industry, some resorts, such as the Angel Fire, Red River and Taos ski areas in New Mexico, have even started shuttle-busing skiers to each other's slopes and next year plan to sell tickets good for all local lifts.@@@@1@46@@oe@2-2-2013
21617023@unknown@formal@none@1@S@Many resorts also are focusing more on the service side of their business.@@@@1@13@@oe@2-2-2013
21617024@unknown@formal@none@1@S@Since 40% of skiers are parents, many slopes are building nurseries, expanding ski schools and adding entertainment for kids.@@@@1@19@@oe@2-2-2013
21617025@unknown@formal@none@1@S@Vail, Colo., now has a playland that looks like an old mining town; kids can ski through and pan for fool's gold.@@@@1@22@@oe@2-2-2013
21617026@unknown@formal@none@1@S@For $15, they can enjoy their own nightly entertainment, with dinner, without mom and dad.@@@@1@15@@oe@2-2-2013
21617027@unknown@formal@none@1@S@A few years ago, parents usually had to hire a sitter or take turns skiing while one spouse stayed with the children.@@@@1@22@@oe@2-2-2013
21617028@unknown@formal@none@1@S@"Most parents who had to go through that never came back," says Michael Shannon, president of Vail Associates Inc., which owns and operates the Vail and nearby Beaver Creek resorts.@@@@1@30@@oe@2-2-2013
21617029@unknown@formal@none@1@S@To make skiing more convenient for time-strapped visitors, several resorts are buying or starting their own travel agencies.@@@@1@18@@oe@2-2-2013
21617030@unknown@formal@none@1@S@In one phone call, ski buffs can make hotel and restaurant reservations, buy lift tickets, rent ski equipment and sign up for lessons.@@@@1@23@@oe@2-2-2013
21617031@unknown@formal@none@1@S@And resorts are adding other amenities, such as pricey restaurants, health spas and vacation packages with a twist.@@@@1@18@@oe@2-2-2013
21617032@unknown@formal@none@1@S@During Winter Carnival week, for example, visitors at Sunday River in Maine can take a hot-air balloon ride.@@@@1@18@@oe@2-2-2013
21617033@unknown@formal@none@1@S@"People these days want something else to do besides ski and sit in the bar," says Don Borgeson, executive director of Angel Fire, N.M.'s Chamber of Commerce.@@@@1@27@@oe@2-2-2013
21617034@unknown@formal@none@1@S@The ski industry hopes to increase the number of skiers by 3.5 million to about 21.7 million in the next five years with its latest ads and promotions.@@@@1@28@@oe@2-2-2013
21617035@unknown@formal@none@1@S@But some think that's being overly optimistic.@@@@1@7@@oe@2-2-2013
21617036@unknown@formal@none@1@S@For one thing, it may be tough to attract people because skiing is still expensive: a lift ticket can cost up to $35 a day and equipment prices are rising.@@@@1@30@@oe@2-2-2013
21617037@unknown@formal@none@1@S@And most vacationers still prefer a warm climate for their winter excursions.@@@@1@12@@oe@2-2-2013
21617038@unknown@formal@none@1@S@An American Express Co. survey of its travel agents revealed that only 34% believe their clients will pick a trip this winter based on the availability of winter sports, as opposed to 69% who think that warm-weather sports will be the deciding factor.@@@@1@43@@oe@2-2-2013
21617039@unknown@formal@none@1@S@"Even if they could bring in that many new skiers, I don't know if {the industry} could handle that kind of an increase," says I. William Berry, editor and publisher of the Ski Industry Letter in Katonah, N.Y.@@@@1@38@@oe@2-2-2013
21617040@unknown@formal@none@1@S@"Most people will come on the weekend, the slopes will be overcrowded and then these {new skiers} won't come back.@@@@1@20@@oe@2-2-2013